And joining us now is Tony Ardaban of Wise Wolf Gold. There's been a
lot of development in the financial markets. I want to talk to Tony about
that. Thank you for joining us, Tony. That's good to see you.
David, thanks for having me. Thank you. Yeah, what do
you think about this? We got the Powell pivot? Was it really a
surprise? Did they baked this up? We had a stock market jumped up
on it, but we already had some people who said, well, you
know, we think they're gonna lower interest rates earlier than we originally thought.
But everybody knows they're going to lower it because of the election stuff. But
how has that affected gold? Well, you know, you have a lot
of the fake paper markets and it's it's I think it's helping drive the price
right now, especially in those those sectors. But that's really not what the
issue with gold is right now. And it's funny. I was looking at
the headlines like Santa palell is driving the markets and happy days are here again.
It reminded me of something. You know, he used the word transitory
him and Janet yelling about inflation. It was transitory. It was transitory,
and then he became very hawkish and then he raised rates faster than any rate
in history. But I like what they described now as the rate that they're
holding. They called it the terminal rate, and I thought terminal really describes
it better, doesn't it. It's a terminal rate now, David. And
so they've decided they're going to raise rates or lower rates three times starting in
twenty twenty four, and perhaps into twenty twenty five another four times. That's
what they say, And really they don't have a lot of choice. If
you're going to prop up the domestic economy, you're going to have to goose
it with cheap fiat currency debt. That's what it loves it. It survives
off of that. So I think that's the plan right now. You're so
right. It's an election year that has nothing to do with sound economics or
actually saving the dollar or anything like that. I think you're just watching this
play out where they're hand in glove with the federal government in the sitting administration.
This is the deal. Yeah, And if they can do moves that
are going to cause a stock market to pick up and everybody looks at their
portfolio value going up, well I'm happy with this, you know. So
Yeah, it's funny. They call him Santa Pola. I saw a cartoon
of somebody had Klaus Schwab and had a a person setting on his knee,
and they called it it Santa Klaus. And he says to the person who
says, you'll get nothing and you'll be happy. Basically what Santa Klaus is
the grinch who stole everything from us. Yeah, Zero Hedge has got a
thing quoting Powell, and they called it the Powell pivot. They said,
so on December the first, he said this, he said it'd be premature
to speculate on when policy might ease. Then on December the thirteenth, he
said, rate cuts are something that begins to come into view and clearly is
the topic of discussion. So I guess there's been a lot of economic change
or political change? Is it? Bro is what we're looking at there right?
Well, it's very malleable. It's transitory, David all policy is transitory.
But I think it's I think a terminal better describes it, because what
you're watching is the collapse of his system. And you know, it's funny
to watch the commentators and everything across the Twitter sphere or the x sphere or
whatever it is. Now we'll get into a couple of tweets here in a
little while. There's so much faith in the fake stock market. It's really
unbelievable, especially when you realize, you know, you have so much of
the popular culture is looking at inflation now because it's just it's so evident.
I mean, yeah, you know, it's gradually over your lifetime, things
start to increase in price, and you kind of get used to that because
you hear your parents talk about, oh, it used to you know,
it cost a dime a gallon for gasoline, and all you know, I
could go to the movies for a nickel. You hear all that stuff.
Well, I think even with the memes like Home Alone, where the prices
increase two hundred and forty seven percent and people are taking notice of that.
Well, what's interesting to have the side by side of thinking is that on
one hand you have culture realizing inflation is real, that the dollar is fake,
and on the other hand they say, well, I think we have
a soft landing. I think everything's going to be fine now. Well,
if the trend is always to lose, the dollar loses value, then how
can you have any faith in that system where you're investing, it's it's rigged
against you. The mere fact that you're dealing in something that constantly loses value
isn't and of itself theft. So it's funny, David, I was.
I was just doing some calculations before that we did the show, and I
have this two and a half dollar gold Indian Okay, this is I know
you can't see it right, I'm holding up to the camera, but it's
a It's about the size of a dime. This was two and a half
dollars prior to nineteen thirty three. I did the math on it, just
the meltible gold value, not just the coin value. Two hundred and forty
seven dollars today. Wow. Wow, two and a half dollars, two
hundred and forty seven dollars in meltable gold. Yeah. Yeah. If you
want to see a side by side comparison of what happened to the dollar,
that's a great example. Yeah, that's where we are now, and you
know, ten years, twenty years from now, it's going to be even
further away. So really, I think you're watching two separate things happen the
old system and people are still running back to it because they have the familiarity
with it, and normalcy bias very dangerous because on the horizon you've got a
complete reshuffling. I believe of the global currency system. Central banks are buying
gold at a record pace. We talk about that all the time. I
think that's really what's behind the gold price. You'll have these fluctuations and you'll
have some profit taking, but we're on a trend. This is not the
last part of a bull market or this is something totally different in my opinion,
and I'm not this isn't This isn't about investment. This is about watching
history happen. And as a matter of fact, I was listening to a
couple of different podcasts and I got on Robert Kiyosaki's Twitter and I was thinking,
this is what I'm watching, especially with some of the gold analysis.
This is like the Twilight Zone when he says in the opening, there's a
signpost on the road ahead. We're watching the signposts and limits where we control
the vertical, we control the horsell. We are completely in control of everything,
and we're going to manipulate it and we'll have our media come in.
I'm looking at this headline. It who says this is from the hill.
FED keeps rates at a twenty two year high as inflation retreats. Yeah,
I guess all the inflation retreated between December the first and December the thirteenth,
right, they it all just went away, so we can completely change it.
And it has nothing to do with an election year, right, nothing,
nothing whatsoever. It's very malleable, very transitory. Actually it's terminal.
And I think this is what we're going to keep watching. This is going
to be ugly. I had somebody comment on my ex and I get so,
I don't know what I'm supposed to call the thing anymore. It's Twitter,
you know. Somebody at mentioned means and off of one of our interviews,
and they was talking about, you know, gold is manipulated and you
don't talk enough about BTC. And it wasn't a it was a friendly tweet.
And I said, well, actually I love BTC, but there's going
to be a revaluation soon. I don't know when. It's maybe not tomorrow
or next week or this year, but it's coming and it's going to be
ugly. It's not going to be a pretty thing, you know, because
you have year, decades of manipulation behind the gold price versus the dollar,
and it's funny. I want to there's a tweet up on gold Telegraph.
I don't have anything to do with this account, but I find it interesting
and it's pretty on point. You can find him on x and he asked,
why doesn't let me find the tweet? It is talking about Jerome Powell,
and it asked him why hasn't a journalist asked Jerome Palell why a central
banks are buying gold? He says, it's just a pet rock, right,
because the Central Bank of the United States, in the Federal Reserve is
not buying gold. This is a I think this is a huge tell of
what's happening in the world and where we're headed. And again, almost no
major financial network is talking about it. I think it's Zack you talk about.
It's the Sherlock Holmes, the dog that didn't bark. Why aren't you
talking? Why are we focusing so much on these rate cuts? You know?
It really is, it really is amazing, David. I mean,
we're watching history happen and there's just so there's a niche group of people that
are an analysts that are looking at this and wow, I just I get
goosebumps thinking about it. We're really watching and this is happening faster than I
haven't even anticipated because you know, you and I we talked about about them
lowering rates. We didn't see it possibly till getting closer to the election summertime
twenty twenty four. You know, they're already doing it because I think there's
so many economic indicators that aren't talked about, like the Misis Institute talking about
the contraction of the actual money supply contracting faster since anytime since the Great Depression.
Those are indicators of an economy that's dying. And you have hundreds hundreds
of zombie corporations that are left over, not only from two thousand and eight,
but from the scandemic from twenty twenty. They're propped up. You know,
you were just you were just hinting and talking about ESG and environmental social
governance and how that all of those those policies are linked to the Federal Reserve
and the Central Bank. Those relationships are what keep these zombie corporations live.
You have, so you have possibly hundreds of systemic failures that could be going
on simultaneously in the economy. If the dollar loses its grip anywhere, and
so it's not good. I wouldn't be I wouldn't find this a Christmas rally.
Would I would? I would think of it as a good time to
exit in my opinion. Yeah, yeah, you know, you look at
the establishment press, like I said, the Hill of Washington Post. Oh
yeah, we've we've beaten inflation. Now it's like, are you serious?
And we talk about that, that policy of gradual inflation which is now accelerated
significantly. You held out that coin. When was that You said it was
from the nineteen thirties. That coin, it's a it's a nineteen oh nine
nineteen. I wish we had a better camera. It's a nineteen oh nine
nine two and a half dollar gold Indian. So that's the creation of the
Federal Reserve. And what the Federal Reserve has done is get rid of ninety
nine percent of value of the dollar. It's not a way for us.
It keeps people from being able to really accumulate wealth. And because they are
anxious to be able to pay this back, to monetize the debt by saying,
well, with inflation, we can pay it back with cheaper dollars.
But they don't even have to worry about that. As long as they've got
this fiat currency, they can just keep printing. And so when you tell
people, don't worry the Federal Reserve is going to rearrange the deck chairs on
the Titanic, and you know, everybody just parties on. And so you
see the Drudge Report, there's a big champagne glass up at the top.
Let's party on. It's like it's nineteen ninety nine. There's absolutely no concern
about these people going to bring down inflation without triggering a recession, says Washington
Post. Well, good luck with I hope that's true. But my concern
again is, you know, when you look at the long term value,
look at what the goal does hold its value long term. But the other
thing about it is that we've got to get out of the dollar system because
the CBDC. Now you mentioned bitcoin. I've talked earlier this week about how
focused they are on bitcoin and in terms of manipulating markets. They can manipulate
and they do the gold of silver market, but they also manipulate the bitcoin
market as well. It's got a small market cap for these people, very
easy for these people to come in and manipulate it, and they've got all
kinds of tools at their disposal. It could be anything that they're going to
do. But Elizabeth Warren is flat out focused on getting rid of cryptocurrency,
and she's got the Biden administration focused on that with her as well. And
if we're not careful, they're going to come after cash. They'll come after
anything that is outside of their dollar, and so it is important to push
back against that. But it's also important to have a variety of things that
are going to be something that's going to keep you out of this system as
they redesign it. And I like to physically have something in my possession because
I'm just too concerned about what can be done, uh with crypto and with
manipulation. So uh, well, you have Jamie demon test before Elizabeth Warren,
and he's done this many times. I do not trust this man.
He goes out and he'll say something counter to bitcoin, something derogatory. Uh,
he'll dismiss it, and then you find out later that his bank and
you know, entities associated with JP Morgan are buying it. So he's dropping
the price and I don't know how much of that is built into his testimony.
But it's pretty disgusting. And you know, you you talked about that
the argument, uh that a lot of crypto people will say, well,
actually it's the dollar and it's cash. Yeah, so we should man that.
You know, that's not the answer either. I totally totally get that.
Yeah. There's another tweet from a gold Telegraph I thought was interesting.
The Federal Reserve Force hast three rate cuts next year as inflation is still way
above the target of two percent. The economic machine is broken. It's starting
to make sense why CBDCs are coming so fast. Yeah. See, this
is the controlled demolition to bring in the central bank digital currency, and they're
going to go after bitcoin. I don't know how much damage they can do
to bitcoin, but always look, this is a slide of hand. Whenever
they're going to release something new into the ecosystem, whether it's a spot bitcoin,
ETF or whatever through the Security Exchange Commission getting all the approvals for the
mainline financial behemos to buy in, always watch for them to try to bring
it down first. And I don't know what that's what they're doing, but
it makes sense to me. It's an old trick. They use it all
the time. To get their clients in and then they go out and they
cheerlead for it. Bitcoin is it can be manipulated. It's actually harder to
do than gold in my opinion, because of there. It can't be any
new bitcoin put it into the system. They do manipulate it. They do
it through the public relations. They do it through like the testimony in front
of Elizabeth Warren in my opinion, and I don't know what that means.
I do like bitcoin, we talk about it. There's a lot of I
loved crypto. I like crypto technology, David, but again, there's so
much volatility over there. I'm not telling anybody to go get into it.
I think it's good to understand. But the reason that you and I talk
every week is because we're not really talking about investments. We're talking about the
overall historical implications of a dying dollar. We don't want that. You and
I don't want that to happen because it's going to hurt people. But we're
trying to get people that are listening and our tuning in that are aware that
getting outside of the system is the answer. Because having physical things that you
trade that are outside of the banking system, because the banking system is very
volatile. I never tell people to close out their accounts, but you need
to be aware that there's things that could happen in this country like bail ends
of freezing your count. There is a little known bit of history after the
two thousand and eight, two thousand and nine crash, the debacle where we
had tarp funds. Just after that. David I watched this was on sixty
minutes and it just didn't get a lot of coverage. But you would have
teams of people from the FDIC that would go in at night and take over
a bank where the uniforms. They would let everybody go and they would have
the uniforms on they would take over the bank. Those banks were repatriated,
basically nationalized by the FDIC, major banks all over the country, and they
did this quietly as to not cause a banking panic. This happened all over
the They would secretly, so you would go and your bank would still be
open, and you think you're talking, but there was all the tellers and
everybody operating. There were FDIC employees. Wow, wow, that's amazing.
Well, you know, it is interesting because when we look at we look
at Jamie demon and of course he's the CEO of JP Morgan, but he's
acting exactly like the namesake of it, you know, like JP Morgan him
self, as he's manipulating these things and lying to people as people pointed out
that oh okay, so uh crypto is for criminals? Is that why you
got your own coin? And as far as criminals, look at the billions
of dollars that you've had to pay in criminal fines and other things like that.
But in this at the same time, when you look at the way
JP Morgan, his namesake, manipulate the financial system, got us Federal Reserve
and everything, there's now this thing. I don't know if you this is
the first time I saw this, Tony. They started talking about this in
July, the basil three in game regulations. Well does that sound like that's
something from the Bank of International Settlements, And yeah, it is, and
it's under this the guys Tony of saying we're going to take care of we've
got to control these big banks because they're dangerous, right, and so we've
got to have if you've got assets of one hundred billion dollars or more,
we're going to put some other capital, some additional capital requirements on you.
And so people who are pushing this new stuff. Daily Caller has got an
article about it. The people who are pushing it are the people like Elizabeth
Warren, JP Morgan, these other people. They keep saying, well,
we've got to get these big banks under control, and so we're going to
create the Consumer Financial Protection Board. And yet what did that do? That
made it impossible for the small and medium sized banks to do business, That
made it harder for small businesses to get loans and things like that. This
is they call it endgame. That's what they call it Basel three in game
regulations, and the endgame is I think they want to end small business in
small banks because that's what this is going to do. They're going to double
the capital requirements for that, which means that they're going to go up in
interest rates for everybody, and it's going to put some of these smaller banks
out of business. So just arbitrarily raise the regulations and the capital requirements.
Sorry, you don't meet that anymore, and that's the way they bring in
the FDIC goons to shut them down. Well, it's just like to go
back to history, the crash of nineteen o seven was orchestrated to help the
public opinion turned towards a new central bank. Of course they didn't call it
that. They had the meeting at Jekyl Island on November twenty second, nineteen
ten. Funny thing about JP Morgan too, It is something I noticed his
life span. He was born in eighteen thirty seven. His lifespan was the
exact amount of time that we didn't have a central bank. He died in
nineteen thirteen, so it's from the year one of not having a central bank.
Andrew Jackson said I killed the bank. He wanted that on his tombstone.
He called him a den of vipers and thieves and got rid of the
bank. And we didn't have one from eighteen thirty seven to nineteen thirteen,
and always a crisis was used to precipitate the will to do that, and
they actually they had some real skullduggery setting that up too. David. I
mean, I know your documentary. It's a wonderful lie. It's coming up
on that time of year again. I did it through on Christmas Eve actually
December twenty coming into the twenty third, twenty fourth, when Congress went home.
They used a lot of skull, and they actually opposed it. Those
who had written the bill, like Aldridge, opposed that sort of it's too
strong, it's too regulatory. It's very very brilliant the way that they did
that. And I think this is what you're more and more consolidation. And
if you study, you know, a conspiracy or if you want to call
it that, if you want to study the conspiracy theory of history, it's
all about consolidation. So it would make sense that the Bank International Bank of
Banks is the BIS. And as a matter of fact, a little known
fact, the gold that was turned in in nineteen thirty three when Franklin Roosevelt
said turn in your gold. You know, had the price of gold at
twenty dollars an ounce and once he accumulated all that he figured he was going
to get, they raised the price of thirty five dollars announce. Well,
that gold went to Boso, Switzerland, to the Bank of International Settlements.
Yeah, they put in the seal train with Vladimir Lemon that they were waiting
for it. I waited a few more years. Yeah, that's right.
They had they had to fund Commune. That's true. Yeah, it truly
is amazing. You know what it really is a den of vipers and thieves.
And Andrew Jackson was right about that, wasn't he And it is amazing.
You know David Stockman when I talked to him, and he's written subsequent
articles about this as well, the destruction of the American middle class. If
you divided it out, we just had a congressman say, well, you
know, it's a it divides out one hundred thousand dollars debt per American that
we've got out here, And he says, when you look at the fact
that you had this massive quantitative easing, the lowering of interest rates and all
the rest of this stuff, and look at how that transferred money to the
upper smallest percentage, the one percent or the one percent of the one percent,
the zero point one percent, and how much wealth they gained at the
expense of other people because they're in the stock market. It's one of the
reasons I guess that Trump and Biden constantly talk about the stock market. That
is their metric for success. That's a big part of the wealth transfer when
they pump that up. But as he's pointing out, this is destroying the
middle class, and it's not just the quantitative easing and the interest rates and
other things like that, but it was also the Trump trillions that were put
in there with the COVID stuff. That's what David Stockman talked about when he
came on here talking about that, and he's got a book coming out in
January talking about how, you know, Trump disrupted the economy and he calls
it the war on capitalism, and it truly was a war on capitalism because
you're not even going to really be a good thing for the economy, even
through the stock market, it's just a temporary sugar high. What they're doing
is by laying this kind of debt across society, they really are enslaving us
and taking away everything out of the society. And so this is something that's
going to continue. And we've seen with all of the debt policies, we've
seen how gold is kind of hung in there. But again, the thing
I keep coming back to is the completely restructure the financial system and to you
know, to completely restructure that with CBDC. So my instinct is to hang
on to something that is physical and traditional and that has really been there for
a long time. Talk a little bit about silver, you know, everybody
keeps talking about how silver is down at such a small ratio. Has there
been any move in silver recently? Here any indication of a silver changing.
We saw some saw a bitcoin go up, We saw gold go up in
response to this news, and interest rates that are going to go down because
everybody saw that as being inflationary. What about silver? Is that moved at
all? Not like it should? Yeah, I mean looking at goldprice dot
org right now, and so I can keep the spot prices rotating twenty four
dollars and seventeen cents, So twenty four seventeen Luciferian bankster notes make one detroy
ounce of silver on the spot the global spot price. That is cheap,
and historically had to get my calculator out, but I think we're probably like
eight. It takes like eighty seven or so ounces of silver to make one
ounce of gold, and all throughout human history that number has been completely different.
So even going back to ancient Rome and the Egyptians, it's usually ten
to fifteen to maybe sometimes twenty to one at the most. And only in
our era where you have maybe error, only in our error when we have
central banking and the markets are so skewed, and value so skewed, and
we really don't know what houses any value? Do you jump to crazy numbers
like eighty seven ounces of silver to make one ounce of gold? That makes
no sense. I mean even geologically David takes US seventeen ounces of silver for
every one ounce of gold estimated in the ground. So why would you have
in the third dimension, like right, you know, developed mind and process,
How can it be eighty seven? During the crash and scandemic beginning of
the first quarter of twenty twenty, it was one hundred and twenty five ounces
to one ounce of gold. So it doesn't make any sense when you have
you know, I was one years old and it was a fifty dollars an
ounce. Not again, Wow, almost forty four years ago, Wow it
was it was fifty dollars an ounce. That makes no sense. Knowing what
we know about the debasement of the dollar. The debt of the US at
the time was less than a trillion. We're at thirty three point five trillion
and climbing rapidly. We have one hundred and thirty percent debt to GDP ratio.
Why is silver so cheap? These are open especially when it's the most
thermo conductive metal. I'm a cheerleader or silver, not even as an investment,
but just look how crazy that number is. It's so cheap right now.
But you you still won't find mainstream analysts talking about it because there's something
wrong with it. And I do know that you talk about Jamie demon who's
the largest holder of silver in the world. It's JP Morgan waiting for something
to happen, isn't me well, and they're accumulating the physical Yeah, that's
right. Yeah, that's interesting. I guess maybe we should start looking at
what he accumulates rather than looking at what Nancy Pelosi has been a good bell
weather her husband, his portfolio. You know, if you mirrored him in
the stock market, you'd do pretty well. But exactly, he's hammered away
at it. So yeah, maybe it's a JP Morgan that you need to
look at. Tell us a little bit about what is happening as we run
up into Christmas. We talked a little bit about it last week. When
you're on you got some commemorative things there perhaps and some other gifts are what
could what kind of gift ideas do you have at Wisewolf dot Goal. Well,
we definitely anything that you need for gold and silver a week you can
buy direct through David Knight dot Gold. But we also have our membership program
and as little as thirty five dollars a month or just one time purchase you
can get wolf Cub and that's for kids. And Melissa put together a great
newsletter actually, and the team helped to We have a newsletter for wolf Cub
and it tells a story. It has some crossword puzzles. Yours truly did
the questions for the crosswords, like fiat is you know fake? You can
look that up. Don't want to ruin the crossward, but you could.
And it's good for it's fun for kids, and we're going to be putting
next year. I got a lot of attention. I'm going to pay to
the wolf Cub for you know, just history, different types of coins,
even stuff like you know, the Indian head pennies and things that are neat
you because those are still copper. Copper is going to be in the news,
I promise you next year, folks, all the precious metals will be
the resources will be there, but we're focusing on gold and silver. Wolf
Pack has so many great things happening right now. I'm going to be putting
in some Christmas rounds. I know those are already going out one ounce Christmas
commemorative silver rounds and fractional coins, and we stayed ahead of the market.
We bought some gold early, so we've still got supply on some of the
fractional stuff. But the plan is, and we're really thankful, is to
grow next year, continue to add members so we can buy collectively for everyone,
better deals and better supply. So that's my goal right now. I'm
kind of floating back between Branson and North Texas with our two locations and just
keeping the supply chain opens. It's not as easy as it may sound.
There's not a lot of availability in product like there used to be when I
started this business, I imagine. So well, it's always great to talk
to you, and again David Knightdye Gold. Tony has set that up to
take you to Wisewolf Gold and he's got some great programs there where you can
do this gradually, where you can train kids with a wolf pack, and
we can also get information because he's building a little community there. You get
information exchanging it with other people as well. As gradually saving. But of
course he can get you gold and silver in any quantity large or small.
And that's one of the key things about that. Tony is always great talking
to you. And again, nobody knows what the future is going to be,
but we need to do what we can. I'm as I the older
I get, the more conservative I get, because you know, when you're
young, you make a lot of mistakes, don't you. So I've had
experiences with some of the some of the more speculative investments. That's why I
get more conservative as I get older. It is so good to talk to
you. And again, David Night, I go old to take you to
Tony and let him know that you came through us. Thank you so much,
Tony appreciate it. Thank you, David. The David Knight Show is
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