WEBVTT 1 00:00:05.080 --> 00:00:08.519 And joining us now is Tony Ardaban of Wise Wolf Gold. There's been a 2 00:00:08.560 --> 00:00:11.359 lot of development in the financial markets. I want to talk to Tony about 3 00:00:11.400 --> 00:00:14.199 that. Thank you for joining us, Tony. That's good to see you. 4 00:00:14.279 --> 00:00:15.880 David, thanks for having me. Thank you. Yeah, what do 5 00:00:15.880 --> 00:00:18.879 you think about this? We got the Powell pivot? Was it really a 6 00:00:18.920 --> 00:00:22.239 surprise? Did they baked this up? We had a stock market jumped up 7 00:00:22.280 --> 00:00:25.559 on it, but we already had some people who said, well, you 8 00:00:25.600 --> 00:00:30.280 know, we think they're gonna lower interest rates earlier than we originally thought. 9 00:00:30.320 --> 00:00:33.240 But everybody knows they're going to lower it because of the election stuff. But 10 00:00:33.679 --> 00:00:38.000 how has that affected gold? Well, you know, you have a lot 11 00:00:38.039 --> 00:00:41.679 of the fake paper markets and it's it's I think it's helping drive the price 12 00:00:41.759 --> 00:00:45.520 right now, especially in those those sectors. But that's really not what the 13 00:00:45.600 --> 00:00:49.280 issue with gold is right now. And it's funny. I was looking at 14 00:00:49.280 --> 00:00:54.280 the headlines like Santa palell is driving the markets and happy days are here again. 15 00:00:54.759 --> 00:00:57.840 It reminded me of something. You know, he used the word transitory 16 00:00:58.079 --> 00:01:00.560 him and Janet yelling about inflation. It was transitory. It was transitory, 17 00:01:00.560 --> 00:01:06.239 and then he became very hawkish and then he raised rates faster than any rate 18 00:01:06.280 --> 00:01:10.760 in history. But I like what they described now as the rate that they're 19 00:01:10.760 --> 00:01:14.920 holding. They called it the terminal rate, and I thought terminal really describes 20 00:01:14.959 --> 00:01:17.599 it better, doesn't it. It's a terminal rate now, David. And 21 00:01:18.120 --> 00:01:23.159 so they've decided they're going to raise rates or lower rates three times starting in 22 00:01:23.200 --> 00:01:27.799 twenty twenty four, and perhaps into twenty twenty five another four times. That's 23 00:01:27.799 --> 00:01:30.640 what they say, And really they don't have a lot of choice. If 24 00:01:30.640 --> 00:01:34.799 you're going to prop up the domestic economy, you're going to have to goose 25 00:01:34.799 --> 00:01:40.400 it with cheap fiat currency debt. That's what it loves it. It survives 26 00:01:40.400 --> 00:01:42.319 off of that. So I think that's the plan right now. You're so 27 00:01:42.480 --> 00:01:46.840 right. It's an election year that has nothing to do with sound economics or 28 00:01:46.879 --> 00:01:49.920 actually saving the dollar or anything like that. I think you're just watching this 29 00:01:51.000 --> 00:01:55.840 play out where they're hand in glove with the federal government in the sitting administration. 30 00:01:56.319 --> 00:01:57.959 This is the deal. Yeah, And if they can do moves that 31 00:01:59.000 --> 00:02:01.359 are going to cause a stock market to pick up and everybody looks at their 32 00:02:01.400 --> 00:02:05.319 portfolio value going up, well I'm happy with this, you know. So 33 00:02:06.200 --> 00:02:07.960 Yeah, it's funny. They call him Santa Pola. I saw a cartoon 34 00:02:08.759 --> 00:02:15.080 of somebody had Klaus Schwab and had a a person setting on his knee, 35 00:02:15.479 --> 00:02:19.039 and they called it it Santa Klaus. And he says to the person who 36 00:02:19.080 --> 00:02:24.599 says, you'll get nothing and you'll be happy. Basically what Santa Klaus is 37 00:02:24.879 --> 00:02:30.000 the grinch who stole everything from us. Yeah, Zero Hedge has got a 38 00:02:30.080 --> 00:02:32.560 thing quoting Powell, and they called it the Powell pivot. They said, 39 00:02:32.599 --> 00:02:36.680 so on December the first, he said this, he said it'd be premature 40 00:02:36.919 --> 00:02:39.639 to speculate on when policy might ease. Then on December the thirteenth, he 41 00:02:39.680 --> 00:02:43.599 said, rate cuts are something that begins to come into view and clearly is 42 00:02:43.639 --> 00:02:46.960 the topic of discussion. So I guess there's been a lot of economic change 43 00:02:46.280 --> 00:02:50.759 or political change? Is it? Bro is what we're looking at there right? 44 00:02:51.439 --> 00:02:54.319 Well, it's very malleable. It's transitory, David all policy is transitory. 45 00:02:54.520 --> 00:02:58.479 But I think it's I think a terminal better describes it, because what 46 00:02:58.520 --> 00:03:01.840 you're watching is the collapse of his system. And you know, it's funny 47 00:03:01.879 --> 00:03:06.960 to watch the commentators and everything across the Twitter sphere or the x sphere or 48 00:03:07.000 --> 00:03:08.759 whatever it is. Now we'll get into a couple of tweets here in a 49 00:03:08.800 --> 00:03:15.240 little while. There's so much faith in the fake stock market. It's really 50 00:03:15.319 --> 00:03:19.560 unbelievable, especially when you realize, you know, you have so much of 51 00:03:19.599 --> 00:03:23.360 the popular culture is looking at inflation now because it's just it's so evident. 52 00:03:23.400 --> 00:03:27.280 I mean, yeah, you know, it's gradually over your lifetime, things 53 00:03:27.280 --> 00:03:29.879 start to increase in price, and you kind of get used to that because 54 00:03:29.919 --> 00:03:31.560 you hear your parents talk about, oh, it used to you know, 55 00:03:31.639 --> 00:03:35.400 it cost a dime a gallon for gasoline, and all you know, I 56 00:03:35.400 --> 00:03:38.199 could go to the movies for a nickel. You hear all that stuff. 57 00:03:38.560 --> 00:03:43.800 Well, I think even with the memes like Home Alone, where the prices 58 00:03:43.840 --> 00:03:46.120 increase two hundred and forty seven percent and people are taking notice of that. 59 00:03:46.120 --> 00:03:52.719 Well, what's interesting to have the side by side of thinking is that on 60 00:03:52.719 --> 00:03:55.719 one hand you have culture realizing inflation is real, that the dollar is fake, 61 00:03:57.000 --> 00:03:58.840 and on the other hand they say, well, I think we have 62 00:03:58.960 --> 00:04:01.000 a soft landing. I think everything's going to be fine now. Well, 63 00:04:01.039 --> 00:04:05.719 if the trend is always to lose, the dollar loses value, then how 64 00:04:05.719 --> 00:04:10.479 can you have any faith in that system where you're investing, it's it's rigged 65 00:04:10.520 --> 00:04:14.879 against you. The mere fact that you're dealing in something that constantly loses value 66 00:04:15.360 --> 00:04:18.279 isn't and of itself theft. So it's funny, David, I was. 67 00:04:18.959 --> 00:04:24.240 I was just doing some calculations before that we did the show, and I 68 00:04:24.279 --> 00:04:27.480 have this two and a half dollar gold Indian Okay, this is I know 69 00:04:27.519 --> 00:04:29.600 you can't see it right, I'm holding up to the camera, but it's 70 00:04:29.399 --> 00:04:31.360 a It's about the size of a dime. This was two and a half 71 00:04:31.399 --> 00:04:36.680 dollars prior to nineteen thirty three. I did the math on it, just 72 00:04:36.720 --> 00:04:40.920 the meltible gold value, not just the coin value. Two hundred and forty 73 00:04:40.959 --> 00:04:44.879 seven dollars today. Wow. Wow, two and a half dollars, two 74 00:04:45.000 --> 00:04:48.439 hundred and forty seven dollars in meltable gold. Yeah. Yeah. If you 75 00:04:48.439 --> 00:04:53.079 want to see a side by side comparison of what happened to the dollar, 76 00:04:53.439 --> 00:04:57.040 that's a great example. Yeah, that's where we are now, and you 77 00:04:57.079 --> 00:04:59.839 know, ten years, twenty years from now, it's going to be even 78 00:05:00.079 --> 00:05:04.000 further away. So really, I think you're watching two separate things happen the 79 00:05:04.040 --> 00:05:09.399 old system and people are still running back to it because they have the familiarity 80 00:05:09.439 --> 00:05:13.639 with it, and normalcy bias very dangerous because on the horizon you've got a 81 00:05:13.680 --> 00:05:17.759 complete reshuffling. I believe of the global currency system. Central banks are buying 82 00:05:17.759 --> 00:05:20.000 gold at a record pace. We talk about that all the time. I 83 00:05:20.000 --> 00:05:24.959 think that's really what's behind the gold price. You'll have these fluctuations and you'll 84 00:05:25.000 --> 00:05:29.480 have some profit taking, but we're on a trend. This is not the 85 00:05:30.199 --> 00:05:33.680 last part of a bull market or this is something totally different in my opinion, 86 00:05:33.800 --> 00:05:38.000 and I'm not this isn't This isn't about investment. This is about watching 87 00:05:38.160 --> 00:05:42.480 history happen. And as a matter of fact, I was listening to a 88 00:05:42.519 --> 00:05:46.519 couple of different podcasts and I got on Robert Kiyosaki's Twitter and I was thinking, 89 00:05:46.600 --> 00:05:50.399 this is what I'm watching, especially with some of the gold analysis. 90 00:05:50.680 --> 00:05:55.600 This is like the Twilight Zone when he says in the opening, there's a 91 00:05:55.639 --> 00:06:00.000 signpost on the road ahead. We're watching the signposts and limits where we control 92 00:06:00.040 --> 00:06:05.560 the vertical, we control the horsell. We are completely in control of everything, 93 00:06:05.560 --> 00:06:09.199 and we're going to manipulate it and we'll have our media come in. 94 00:06:09.560 --> 00:06:12.480 I'm looking at this headline. It who says this is from the hill. 95 00:06:12.879 --> 00:06:17.279 FED keeps rates at a twenty two year high as inflation retreats. Yeah, 96 00:06:17.560 --> 00:06:23.279 I guess all the inflation retreated between December the first and December the thirteenth, 97 00:06:23.399 --> 00:06:27.360 right, they it all just went away, so we can completely change it. 98 00:06:27.360 --> 00:06:30.160 And it has nothing to do with an election year, right, nothing, 99 00:06:30.519 --> 00:06:34.360 nothing whatsoever. It's very malleable, very transitory. Actually it's terminal. 100 00:06:34.639 --> 00:06:36.839 And I think this is what we're going to keep watching. This is going 101 00:06:36.879 --> 00:06:42.040 to be ugly. I had somebody comment on my ex and I get so, 102 00:06:42.759 --> 00:06:45.199 I don't know what I'm supposed to call the thing anymore. It's Twitter, 103 00:06:45.279 --> 00:06:48.199 you know. Somebody at mentioned means and off of one of our interviews, 104 00:06:48.720 --> 00:06:53.879 and they was talking about, you know, gold is manipulated and you 105 00:06:53.879 --> 00:06:58.160 don't talk enough about BTC. And it wasn't a it was a friendly tweet. 106 00:06:58.199 --> 00:07:00.560 And I said, well, actually I love BTC, but there's going 107 00:07:00.639 --> 00:07:03.920 to be a revaluation soon. I don't know when. It's maybe not tomorrow 108 00:07:04.040 --> 00:07:06.959 or next week or this year, but it's coming and it's going to be 109 00:07:08.079 --> 00:07:10.600 ugly. It's not going to be a pretty thing, you know, because 110 00:07:10.639 --> 00:07:15.040 you have year, decades of manipulation behind the gold price versus the dollar, 111 00:07:15.600 --> 00:07:18.600 and it's funny. I want to there's a tweet up on gold Telegraph. 112 00:07:18.600 --> 00:07:23.439 I don't have anything to do with this account, but I find it interesting 113 00:07:23.439 --> 00:07:30.000 and it's pretty on point. You can find him on x and he asked, 114 00:07:30.519 --> 00:07:34.160 why doesn't let me find the tweet? It is talking about Jerome Powell, 115 00:07:34.839 --> 00:07:41.000 and it asked him why hasn't a journalist asked Jerome Palell why a central 116 00:07:41.000 --> 00:07:43.319 banks are buying gold? He says, it's just a pet rock, right, 117 00:07:45.519 --> 00:07:47.240 because the Central Bank of the United States, in the Federal Reserve is 118 00:07:47.279 --> 00:07:51.079 not buying gold. This is a I think this is a huge tell of 119 00:07:51.079 --> 00:07:56.240 what's happening in the world and where we're headed. And again, almost no 120 00:07:56.439 --> 00:08:00.240 major financial network is talking about it. I think it's Zack you talk about. 121 00:08:00.240 --> 00:08:03.160 It's the Sherlock Holmes, the dog that didn't bark. Why aren't you 122 00:08:03.199 --> 00:08:07.360 talking? Why are we focusing so much on these rate cuts? You know? 123 00:08:07.879 --> 00:08:11.079 It really is, it really is amazing, David. I mean, 124 00:08:11.079 --> 00:08:15.519 we're watching history happen and there's just so there's a niche group of people that 125 00:08:15.600 --> 00:08:18.639 are an analysts that are looking at this and wow, I just I get 126 00:08:18.680 --> 00:08:22.000 goosebumps thinking about it. We're really watching and this is happening faster than I 127 00:08:22.000 --> 00:08:26.360 haven't even anticipated because you know, you and I we talked about about them 128 00:08:26.519 --> 00:08:31.159 lowering rates. We didn't see it possibly till getting closer to the election summertime 129 00:08:31.200 --> 00:08:35.519 twenty twenty four. You know, they're already doing it because I think there's 130 00:08:35.519 --> 00:08:39.879 so many economic indicators that aren't talked about, like the Misis Institute talking about 131 00:08:39.879 --> 00:08:46.399 the contraction of the actual money supply contracting faster since anytime since the Great Depression. 132 00:08:46.799 --> 00:08:52.279 Those are indicators of an economy that's dying. And you have hundreds hundreds 133 00:08:52.440 --> 00:08:56.120 of zombie corporations that are left over, not only from two thousand and eight, 134 00:08:56.600 --> 00:09:01.200 but from the scandemic from twenty twenty. They're propped up. You know, 135 00:09:01.240 --> 00:09:05.200 you were just you were just hinting and talking about ESG and environmental social 136 00:09:05.240 --> 00:09:09.840 governance and how that all of those those policies are linked to the Federal Reserve 137 00:09:09.879 --> 00:09:15.840 and the Central Bank. Those relationships are what keep these zombie corporations live. 138 00:09:15.919 --> 00:09:20.840 You have, so you have possibly hundreds of systemic failures that could be going 139 00:09:20.879 --> 00:09:24.639 on simultaneously in the economy. If the dollar loses its grip anywhere, and 140 00:09:24.720 --> 00:09:31.039 so it's not good. I wouldn't be I wouldn't find this a Christmas rally. 141 00:09:31.960 --> 00:09:33.480 Would I would? I would think of it as a good time to 142 00:09:33.559 --> 00:09:37.879 exit in my opinion. Yeah, yeah, you know, you look at 143 00:09:37.879 --> 00:09:39.759 the establishment press, like I said, the Hill of Washington Post. Oh 144 00:09:39.799 --> 00:09:45.039 yeah, we've we've beaten inflation. Now it's like, are you serious? 145 00:09:45.399 --> 00:09:48.919 And we talk about that, that policy of gradual inflation which is now accelerated 146 00:09:50.039 --> 00:09:52.080 significantly. You held out that coin. When was that You said it was 147 00:09:52.080 --> 00:09:56.799 from the nineteen thirties. That coin, it's a it's a nineteen oh nine 148 00:09:56.279 --> 00:09:58.960 nineteen. I wish we had a better camera. It's a nineteen oh nine 149 00:10:00.039 --> 00:10:05.639 nine two and a half dollar gold Indian. So that's the creation of the 150 00:10:05.720 --> 00:10:07.799 Federal Reserve. And what the Federal Reserve has done is get rid of ninety 151 00:10:07.840 --> 00:10:13.159 nine percent of value of the dollar. It's not a way for us. 152 00:10:13.559 --> 00:10:18.080 It keeps people from being able to really accumulate wealth. And because they are 153 00:10:18.759 --> 00:10:22.600 anxious to be able to pay this back, to monetize the debt by saying, 154 00:10:22.639 --> 00:10:24.799 well, with inflation, we can pay it back with cheaper dollars. 155 00:10:24.279 --> 00:10:26.399 But they don't even have to worry about that. As long as they've got 156 00:10:26.399 --> 00:10:30.159 this fiat currency, they can just keep printing. And so when you tell 157 00:10:30.200 --> 00:10:33.720 people, don't worry the Federal Reserve is going to rearrange the deck chairs on 158 00:10:33.759 --> 00:10:39.519 the Titanic, and you know, everybody just parties on. And so you 159 00:10:39.519 --> 00:10:41.240 see the Drudge Report, there's a big champagne glass up at the top. 160 00:10:41.279 --> 00:10:48.000 Let's party on. It's like it's nineteen ninety nine. There's absolutely no concern 161 00:10:48.039 --> 00:10:52.840 about these people going to bring down inflation without triggering a recession, says Washington 162 00:10:52.919 --> 00:10:56.320 Post. Well, good luck with I hope that's true. But my concern 163 00:10:56.759 --> 00:10:58.720 again is, you know, when you look at the long term value, 164 00:11:00.159 --> 00:11:03.360 look at what the goal does hold its value long term. But the other 165 00:11:03.399 --> 00:11:09.240 thing about it is that we've got to get out of the dollar system because 166 00:11:09.320 --> 00:11:15.159 the CBDC. Now you mentioned bitcoin. I've talked earlier this week about how 167 00:11:15.200 --> 00:11:20.240 focused they are on bitcoin and in terms of manipulating markets. They can manipulate 168 00:11:20.320 --> 00:11:22.879 and they do the gold of silver market, but they also manipulate the bitcoin 169 00:11:24.000 --> 00:11:26.320 market as well. It's got a small market cap for these people, very 170 00:11:26.320 --> 00:11:31.360 easy for these people to come in and manipulate it, and they've got all 171 00:11:31.440 --> 00:11:35.679 kinds of tools at their disposal. It could be anything that they're going to 172 00:11:35.720 --> 00:11:41.200 do. But Elizabeth Warren is flat out focused on getting rid of cryptocurrency, 173 00:11:41.240 --> 00:11:46.919 and she's got the Biden administration focused on that with her as well. And 174 00:11:46.919 --> 00:11:48.480 if we're not careful, they're going to come after cash. They'll come after 175 00:11:48.559 --> 00:11:52.159 anything that is outside of their dollar, and so it is important to push 176 00:11:52.240 --> 00:11:58.600 back against that. But it's also important to have a variety of things that 177 00:11:58.679 --> 00:12:03.000 are going to be something that's going to keep you out of this system as 178 00:12:03.039 --> 00:12:07.480 they redesign it. And I like to physically have something in my possession because 179 00:12:07.519 --> 00:12:11.879 I'm just too concerned about what can be done, uh with crypto and with 180 00:12:11.000 --> 00:12:18.559 manipulation. So uh, well, you have Jamie demon test before Elizabeth Warren, 181 00:12:18.720 --> 00:12:22.240 and he's done this many times. I do not trust this man. 182 00:12:22.600 --> 00:12:28.720 He goes out and he'll say something counter to bitcoin, something derogatory. Uh, 183 00:12:28.759 --> 00:12:33.320 he'll dismiss it, and then you find out later that his bank and 184 00:12:33.279 --> 00:12:37.000 you know, entities associated with JP Morgan are buying it. So he's dropping 185 00:12:37.000 --> 00:12:41.679 the price and I don't know how much of that is built into his testimony. 186 00:12:41.919 --> 00:12:43.559 But it's pretty disgusting. And you know, you you talked about that 187 00:12:43.960 --> 00:12:48.240 the argument, uh that a lot of crypto people will say, well, 188 00:12:48.240 --> 00:12:50.039 actually it's the dollar and it's cash. Yeah, so we should man that. 189 00:12:50.120 --> 00:12:54.159 You know, that's not the answer either. I totally totally get that. 190 00:12:54.360 --> 00:12:58.559 Yeah. There's another tweet from a gold Telegraph I thought was interesting. 191 00:12:58.679 --> 00:13:01.840 The Federal Reserve Force hast three rate cuts next year as inflation is still way 192 00:13:01.879 --> 00:13:07.279 above the target of two percent. The economic machine is broken. It's starting 193 00:13:07.320 --> 00:13:11.919 to make sense why CBDCs are coming so fast. Yeah. See, this 194 00:13:11.000 --> 00:13:16.080 is the controlled demolition to bring in the central bank digital currency, and they're 195 00:13:16.080 --> 00:13:18.960 going to go after bitcoin. I don't know how much damage they can do 196 00:13:20.039 --> 00:13:22.679 to bitcoin, but always look, this is a slide of hand. Whenever 197 00:13:22.679 --> 00:13:28.440 they're going to release something new into the ecosystem, whether it's a spot bitcoin, 198 00:13:28.519 --> 00:13:33.639 ETF or whatever through the Security Exchange Commission getting all the approvals for the 199 00:13:33.759 --> 00:13:41.320 mainline financial behemos to buy in, always watch for them to try to bring 200 00:13:41.360 --> 00:13:43.759 it down first. And I don't know what that's what they're doing, but 201 00:13:45.000 --> 00:13:46.120 it makes sense to me. It's an old trick. They use it all 202 00:13:46.159 --> 00:13:48.919 the time. To get their clients in and then they go out and they 203 00:13:50.039 --> 00:13:54.720 cheerlead for it. Bitcoin is it can be manipulated. It's actually harder to 204 00:13:54.720 --> 00:13:58.759 do than gold in my opinion, because of there. It can't be any 205 00:13:58.799 --> 00:14:01.919 new bitcoin put it into the system. They do manipulate it. They do 206 00:14:01.000 --> 00:14:05.159 it through the public relations. They do it through like the testimony in front 207 00:14:05.159 --> 00:14:09.720 of Elizabeth Warren in my opinion, and I don't know what that means. 208 00:14:09.759 --> 00:14:13.639 I do like bitcoin, we talk about it. There's a lot of I 209 00:14:13.679 --> 00:14:16.840 loved crypto. I like crypto technology, David, but again, there's so 210 00:14:16.919 --> 00:14:20.639 much volatility over there. I'm not telling anybody to go get into it. 211 00:14:20.679 --> 00:14:24.000 I think it's good to understand. But the reason that you and I talk 212 00:14:24.080 --> 00:14:28.639 every week is because we're not really talking about investments. We're talking about the 213 00:14:28.679 --> 00:14:33.600 overall historical implications of a dying dollar. We don't want that. You and 214 00:14:33.639 --> 00:14:35.759 I don't want that to happen because it's going to hurt people. But we're 215 00:14:35.759 --> 00:14:39.600 trying to get people that are listening and our tuning in that are aware that 216 00:14:39.679 --> 00:14:45.919 getting outside of the system is the answer. Because having physical things that you 217 00:14:46.039 --> 00:14:50.039 trade that are outside of the banking system, because the banking system is very 218 00:14:50.120 --> 00:14:54.279 volatile. I never tell people to close out their accounts, but you need 219 00:14:54.320 --> 00:14:58.480 to be aware that there's things that could happen in this country like bail ends 220 00:14:58.200 --> 00:15:03.600 of freezing your count. There is a little known bit of history after the 221 00:15:03.639 --> 00:15:07.840 two thousand and eight, two thousand and nine crash, the debacle where we 222 00:15:07.879 --> 00:15:11.440 had tarp funds. Just after that. David I watched this was on sixty 223 00:15:11.480 --> 00:15:15.480 minutes and it just didn't get a lot of coverage. But you would have 224 00:15:16.120 --> 00:15:20.759 teams of people from the FDIC that would go in at night and take over 225 00:15:20.799 --> 00:15:24.879 a bank where the uniforms. They would let everybody go and they would have 226 00:15:24.960 --> 00:15:28.960 the uniforms on they would take over the bank. Those banks were repatriated, 227 00:15:30.519 --> 00:15:35.279 basically nationalized by the FDIC, major banks all over the country, and they 228 00:15:35.279 --> 00:15:39.559 did this quietly as to not cause a banking panic. This happened all over 229 00:15:39.600 --> 00:15:41.159 the They would secretly, so you would go and your bank would still be 230 00:15:41.200 --> 00:15:43.960 open, and you think you're talking, but there was all the tellers and 231 00:15:45.039 --> 00:15:48.919 everybody operating. There were FDIC employees. Wow, wow, that's amazing. 232 00:15:50.120 --> 00:15:52.799 Well, you know, it is interesting because when we look at we look 233 00:15:52.799 --> 00:15:56.600 at Jamie demon and of course he's the CEO of JP Morgan, but he's 234 00:15:56.600 --> 00:16:00.159 acting exactly like the namesake of it, you know, like JP Morgan him 235 00:16:00.159 --> 00:16:03.519 self, as he's manipulating these things and lying to people as people pointed out 236 00:16:03.519 --> 00:16:08.039 that oh okay, so uh crypto is for criminals? Is that why you 237 00:16:08.159 --> 00:16:14.039 got your own coin? And as far as criminals, look at the billions 238 00:16:14.080 --> 00:16:18.440 of dollars that you've had to pay in criminal fines and other things like that. 239 00:16:18.000 --> 00:16:21.279 But in this at the same time, when you look at the way 240 00:16:21.360 --> 00:16:26.200 JP Morgan, his namesake, manipulate the financial system, got us Federal Reserve 241 00:16:26.240 --> 00:16:29.080 and everything, there's now this thing. I don't know if you this is 242 00:16:29.120 --> 00:16:32.440 the first time I saw this, Tony. They started talking about this in 243 00:16:32.559 --> 00:16:37.879 July, the basil three in game regulations. Well does that sound like that's 244 00:16:37.879 --> 00:16:41.879 something from the Bank of International Settlements, And yeah, it is, and 245 00:16:41.919 --> 00:16:47.360 it's under this the guys Tony of saying we're going to take care of we've 246 00:16:47.360 --> 00:16:49.639 got to control these big banks because they're dangerous, right, and so we've 247 00:16:49.679 --> 00:16:52.559 got to have if you've got assets of one hundred billion dollars or more, 248 00:16:53.240 --> 00:16:59.120 we're going to put some other capital, some additional capital requirements on you. 249 00:16:59.639 --> 00:17:03.839 And so people who are pushing this new stuff. Daily Caller has got an 250 00:17:03.920 --> 00:17:07.839 article about it. The people who are pushing it are the people like Elizabeth 251 00:17:07.880 --> 00:17:11.640 Warren, JP Morgan, these other people. They keep saying, well, 252 00:17:11.920 --> 00:17:14.640 we've got to get these big banks under control, and so we're going to 253 00:17:14.640 --> 00:17:18.480 create the Consumer Financial Protection Board. And yet what did that do? That 254 00:17:18.559 --> 00:17:21.519 made it impossible for the small and medium sized banks to do business, That 255 00:17:21.559 --> 00:17:25.640 made it harder for small businesses to get loans and things like that. This 256 00:17:25.920 --> 00:17:29.960 is they call it endgame. That's what they call it Basel three in game 257 00:17:30.039 --> 00:17:33.440 regulations, and the endgame is I think they want to end small business in 258 00:17:33.480 --> 00:17:37.279 small banks because that's what this is going to do. They're going to double 259 00:17:37.319 --> 00:17:41.440 the capital requirements for that, which means that they're going to go up in 260 00:17:41.440 --> 00:17:45.799 interest rates for everybody, and it's going to put some of these smaller banks 261 00:17:45.880 --> 00:17:51.079 out of business. So just arbitrarily raise the regulations and the capital requirements. 262 00:17:51.200 --> 00:17:52.680 Sorry, you don't meet that anymore, and that's the way they bring in 263 00:17:52.720 --> 00:17:57.319 the FDIC goons to shut them down. Well, it's just like to go 264 00:17:57.359 --> 00:18:03.000 back to history, the crash of nineteen o seven was orchestrated to help the 265 00:18:03.079 --> 00:18:06.880 public opinion turned towards a new central bank. Of course they didn't call it 266 00:18:06.920 --> 00:18:10.880 that. They had the meeting at Jekyl Island on November twenty second, nineteen 267 00:18:10.960 --> 00:18:15.160 ten. Funny thing about JP Morgan too, It is something I noticed his 268 00:18:15.240 --> 00:18:18.559 life span. He was born in eighteen thirty seven. His lifespan was the 269 00:18:18.640 --> 00:18:22.119 exact amount of time that we didn't have a central bank. He died in 270 00:18:22.200 --> 00:18:26.359 nineteen thirteen, so it's from the year one of not having a central bank. 271 00:18:26.559 --> 00:18:29.599 Andrew Jackson said I killed the bank. He wanted that on his tombstone. 272 00:18:30.160 --> 00:18:33.759 He called him a den of vipers and thieves and got rid of the 273 00:18:33.759 --> 00:18:37.039 bank. And we didn't have one from eighteen thirty seven to nineteen thirteen, 274 00:18:37.680 --> 00:18:42.839 and always a crisis was used to precipitate the will to do that, and 275 00:18:42.880 --> 00:18:45.960 they actually they had some real skullduggery setting that up too. David. I 276 00:18:47.000 --> 00:18:51.640 mean, I know your documentary. It's a wonderful lie. It's coming up 277 00:18:51.640 --> 00:18:55.519 on that time of year again. I did it through on Christmas Eve actually 278 00:18:55.559 --> 00:18:59.960 December twenty coming into the twenty third, twenty fourth, when Congress went home. 279 00:19:00.160 --> 00:19:02.759 They used a lot of skull, and they actually opposed it. Those 280 00:19:02.799 --> 00:19:07.640 who had written the bill, like Aldridge, opposed that sort of it's too 281 00:19:07.680 --> 00:19:11.640 strong, it's too regulatory. It's very very brilliant the way that they did 282 00:19:11.680 --> 00:19:15.480 that. And I think this is what you're more and more consolidation. And 283 00:19:15.519 --> 00:19:18.440 if you study, you know, a conspiracy or if you want to call 284 00:19:18.480 --> 00:19:22.359 it that, if you want to study the conspiracy theory of history, it's 285 00:19:22.400 --> 00:19:26.759 all about consolidation. So it would make sense that the Bank International Bank of 286 00:19:26.799 --> 00:19:32.000 Banks is the BIS. And as a matter of fact, a little known 287 00:19:32.079 --> 00:19:37.720 fact, the gold that was turned in in nineteen thirty three when Franklin Roosevelt 288 00:19:37.720 --> 00:19:38.880 said turn in your gold. You know, had the price of gold at 289 00:19:38.880 --> 00:19:42.319 twenty dollars an ounce and once he accumulated all that he figured he was going 290 00:19:42.359 --> 00:19:45.279 to get, they raised the price of thirty five dollars announce. Well, 291 00:19:45.400 --> 00:19:49.359 that gold went to Boso, Switzerland, to the Bank of International Settlements. 292 00:19:51.799 --> 00:19:55.640 Yeah, they put in the seal train with Vladimir Lemon that they were waiting 293 00:19:55.680 --> 00:19:57.759 for it. I waited a few more years. Yeah, that's right. 294 00:19:57.799 --> 00:20:03.200 They had they had to fund Commune. That's true. Yeah, it truly 295 00:20:03.279 --> 00:20:07.920 is amazing. You know what it really is a den of vipers and thieves. 296 00:20:07.920 --> 00:20:11.720 And Andrew Jackson was right about that, wasn't he And it is amazing. 297 00:20:11.759 --> 00:20:15.559 You know David Stockman when I talked to him, and he's written subsequent 298 00:20:15.640 --> 00:20:18.279 articles about this as well, the destruction of the American middle class. If 299 00:20:18.319 --> 00:20:21.880 you divided it out, we just had a congressman say, well, you 300 00:20:21.880 --> 00:20:25.720 know, it's a it divides out one hundred thousand dollars debt per American that 301 00:20:25.759 --> 00:20:27.440 we've got out here, And he says, when you look at the fact 302 00:20:27.559 --> 00:20:33.440 that you had this massive quantitative easing, the lowering of interest rates and all 303 00:20:33.440 --> 00:20:37.279 the rest of this stuff, and look at how that transferred money to the 304 00:20:37.400 --> 00:20:42.759 upper smallest percentage, the one percent or the one percent of the one percent, 305 00:20:44.119 --> 00:20:48.119 the zero point one percent, and how much wealth they gained at the 306 00:20:48.160 --> 00:20:49.279 expense of other people because they're in the stock market. It's one of the 307 00:20:49.279 --> 00:20:55.000 reasons I guess that Trump and Biden constantly talk about the stock market. That 308 00:20:55.160 --> 00:20:59.319 is their metric for success. That's a big part of the wealth transfer when 309 00:20:59.319 --> 00:21:03.319 they pump that up. But as he's pointing out, this is destroying the 310 00:21:03.359 --> 00:21:07.720 middle class, and it's not just the quantitative easing and the interest rates and 311 00:21:07.720 --> 00:21:12.680 other things like that, but it was also the Trump trillions that were put 312 00:21:12.720 --> 00:21:17.319 in there with the COVID stuff. That's what David Stockman talked about when he 313 00:21:17.400 --> 00:21:19.000 came on here talking about that, and he's got a book coming out in 314 00:21:19.079 --> 00:21:25.920 January talking about how, you know, Trump disrupted the economy and he calls 315 00:21:25.920 --> 00:21:29.880 it the war on capitalism, and it truly was a war on capitalism because 316 00:21:30.039 --> 00:21:32.799 you're not even going to really be a good thing for the economy, even 317 00:21:32.839 --> 00:21:36.759 through the stock market, it's just a temporary sugar high. What they're doing 318 00:21:36.920 --> 00:21:42.279 is by laying this kind of debt across society, they really are enslaving us 319 00:21:42.440 --> 00:21:48.519 and taking away everything out of the society. And so this is something that's 320 00:21:48.559 --> 00:21:55.200 going to continue. And we've seen with all of the debt policies, we've 321 00:21:55.200 --> 00:21:56.359 seen how gold is kind of hung in there. But again, the thing 322 00:21:56.400 --> 00:22:04.039 I keep coming back to is the completely restructure the financial system and to you 323 00:22:04.079 --> 00:22:10.079 know, to completely restructure that with CBDC. So my instinct is to hang 324 00:22:10.119 --> 00:22:15.319 on to something that is physical and traditional and that has really been there for 325 00:22:15.359 --> 00:22:18.039 a long time. Talk a little bit about silver, you know, everybody 326 00:22:18.079 --> 00:22:21.079 keeps talking about how silver is down at such a small ratio. Has there 327 00:22:21.079 --> 00:22:26.000 been any move in silver recently? Here any indication of a silver changing. 328 00:22:26.079 --> 00:22:29.359 We saw some saw a bitcoin go up, We saw gold go up in 329 00:22:29.359 --> 00:22:32.000 response to this news, and interest rates that are going to go down because 330 00:22:32.000 --> 00:22:34.119 everybody saw that as being inflationary. What about silver? Is that moved at 331 00:22:34.119 --> 00:22:40.480 all? Not like it should? Yeah, I mean looking at goldprice dot 332 00:22:40.559 --> 00:22:44.599 org right now, and so I can keep the spot prices rotating twenty four 333 00:22:44.960 --> 00:22:49.000 dollars and seventeen cents, So twenty four seventeen Luciferian bankster notes make one detroy 334 00:22:49.039 --> 00:22:53.359 ounce of silver on the spot the global spot price. That is cheap, 335 00:22:53.680 --> 00:22:57.559 and historically had to get my calculator out, but I think we're probably like 336 00:22:57.640 --> 00:23:03.200 eight. It takes like eighty seven or so ounces of silver to make one 337 00:23:03.240 --> 00:23:07.799 ounce of gold, and all throughout human history that number has been completely different. 338 00:23:08.160 --> 00:23:14.039 So even going back to ancient Rome and the Egyptians, it's usually ten 339 00:23:14.119 --> 00:23:18.680 to fifteen to maybe sometimes twenty to one at the most. And only in 340 00:23:18.799 --> 00:23:25.240 our era where you have maybe error, only in our error when we have 341 00:23:25.640 --> 00:23:29.200 central banking and the markets are so skewed, and value so skewed, and 342 00:23:29.240 --> 00:23:33.720 we really don't know what houses any value? Do you jump to crazy numbers 343 00:23:33.759 --> 00:23:37.359 like eighty seven ounces of silver to make one ounce of gold? That makes 344 00:23:37.440 --> 00:23:44.319 no sense. I mean even geologically David takes US seventeen ounces of silver for 345 00:23:44.359 --> 00:23:48.000 every one ounce of gold estimated in the ground. So why would you have 346 00:23:48.039 --> 00:23:52.240 in the third dimension, like right, you know, developed mind and process, 347 00:23:52.480 --> 00:23:57.079 How can it be eighty seven? During the crash and scandemic beginning of 348 00:23:57.119 --> 00:24:02.839 the first quarter of twenty twenty, it was one hundred and twenty five ounces 349 00:24:03.039 --> 00:24:07.359 to one ounce of gold. So it doesn't make any sense when you have 350 00:24:07.559 --> 00:24:11.359 you know, I was one years old and it was a fifty dollars an 351 00:24:11.359 --> 00:24:17.519 ounce. Not again, Wow, almost forty four years ago, Wow it 352 00:24:17.599 --> 00:24:22.400 was it was fifty dollars an ounce. That makes no sense. Knowing what 353 00:24:22.440 --> 00:24:25.480 we know about the debasement of the dollar. The debt of the US at 354 00:24:25.480 --> 00:24:29.480 the time was less than a trillion. We're at thirty three point five trillion 355 00:24:29.519 --> 00:24:33.319 and climbing rapidly. We have one hundred and thirty percent debt to GDP ratio. 356 00:24:33.920 --> 00:24:37.400 Why is silver so cheap? These are open especially when it's the most 357 00:24:37.400 --> 00:24:41.720 thermo conductive metal. I'm a cheerleader or silver, not even as an investment, 358 00:24:41.759 --> 00:24:45.160 but just look how crazy that number is. It's so cheap right now. 359 00:24:45.799 --> 00:24:51.240 But you you still won't find mainstream analysts talking about it because there's something 360 00:24:51.279 --> 00:24:53.599 wrong with it. And I do know that you talk about Jamie demon who's 361 00:24:53.640 --> 00:25:00.799 the largest holder of silver in the world. It's JP Morgan waiting for something 362 00:25:00.839 --> 00:25:03.039 to happen, isn't me well, and they're accumulating the physical Yeah, that's 363 00:25:03.119 --> 00:25:08.279 right. Yeah, that's interesting. I guess maybe we should start looking at 364 00:25:08.319 --> 00:25:11.839 what he accumulates rather than looking at what Nancy Pelosi has been a good bell 365 00:25:11.920 --> 00:25:15.000 weather her husband, his portfolio. You know, if you mirrored him in 366 00:25:15.039 --> 00:25:21.039 the stock market, you'd do pretty well. But exactly, he's hammered away 367 00:25:21.039 --> 00:25:23.400 at it. So yeah, maybe it's a JP Morgan that you need to 368 00:25:23.440 --> 00:25:26.160 look at. Tell us a little bit about what is happening as we run 369 00:25:26.240 --> 00:25:29.920 up into Christmas. We talked a little bit about it last week. When 370 00:25:29.960 --> 00:25:33.720 you're on you got some commemorative things there perhaps and some other gifts are what 371 00:25:33.759 --> 00:25:38.960 could what kind of gift ideas do you have at Wisewolf dot Goal. Well, 372 00:25:38.960 --> 00:25:44.319 we definitely anything that you need for gold and silver a week you can 373 00:25:44.359 --> 00:25:48.079 buy direct through David Knight dot Gold. But we also have our membership program 374 00:25:48.200 --> 00:25:52.559 and as little as thirty five dollars a month or just one time purchase you 375 00:25:52.599 --> 00:25:56.039 can get wolf Cub and that's for kids. And Melissa put together a great 376 00:25:56.079 --> 00:26:02.039 newsletter actually, and the team helped to We have a newsletter for wolf Cub 377 00:26:02.039 --> 00:26:06.440 and it tells a story. It has some crossword puzzles. Yours truly did 378 00:26:06.480 --> 00:26:10.200 the questions for the crosswords, like fiat is you know fake? You can 379 00:26:10.200 --> 00:26:11.559 look that up. Don't want to ruin the crossward, but you could. 380 00:26:12.559 --> 00:26:15.880 And it's good for it's fun for kids, and we're going to be putting 381 00:26:15.000 --> 00:26:18.000 next year. I got a lot of attention. I'm going to pay to 382 00:26:18.319 --> 00:26:22.960 the wolf Cub for you know, just history, different types of coins, 383 00:26:23.200 --> 00:26:26.240 even stuff like you know, the Indian head pennies and things that are neat 384 00:26:26.279 --> 00:26:29.920 you because those are still copper. Copper is going to be in the news, 385 00:26:30.039 --> 00:26:33.599 I promise you next year, folks, all the precious metals will be 386 00:26:33.720 --> 00:26:37.960 the resources will be there, but we're focusing on gold and silver. Wolf 387 00:26:37.039 --> 00:26:41.000 Pack has so many great things happening right now. I'm going to be putting 388 00:26:41.039 --> 00:26:45.400 in some Christmas rounds. I know those are already going out one ounce Christmas 389 00:26:45.400 --> 00:26:51.240 commemorative silver rounds and fractional coins, and we stayed ahead of the market. 390 00:26:51.279 --> 00:26:55.079 We bought some gold early, so we've still got supply on some of the 391 00:26:55.079 --> 00:26:57.880 fractional stuff. But the plan is, and we're really thankful, is to 392 00:26:57.880 --> 00:27:04.519 grow next year, continue to add members so we can buy collectively for everyone, 393 00:27:06.119 --> 00:27:08.599 better deals and better supply. So that's my goal right now. I'm 394 00:27:08.640 --> 00:27:14.640 kind of floating back between Branson and North Texas with our two locations and just 395 00:27:14.720 --> 00:27:18.599 keeping the supply chain opens. It's not as easy as it may sound. 396 00:27:18.519 --> 00:27:22.480 There's not a lot of availability in product like there used to be when I 397 00:27:22.480 --> 00:27:26.160 started this business, I imagine. So well, it's always great to talk 398 00:27:26.240 --> 00:27:27.880 to you, and again David Knightdye Gold. Tony has set that up to 399 00:27:27.920 --> 00:27:33.240 take you to Wisewolf Gold and he's got some great programs there where you can 400 00:27:33.279 --> 00:27:37.200 do this gradually, where you can train kids with a wolf pack, and 401 00:27:37.519 --> 00:27:41.240 we can also get information because he's building a little community there. You get 402 00:27:41.279 --> 00:27:45.599 information exchanging it with other people as well. As gradually saving. But of 403 00:27:45.680 --> 00:27:49.640 course he can get you gold and silver in any quantity large or small. 404 00:27:49.880 --> 00:27:52.839 And that's one of the key things about that. Tony is always great talking 405 00:27:52.880 --> 00:27:56.720 to you. And again, nobody knows what the future is going to be, 406 00:27:56.759 --> 00:28:00.039 but we need to do what we can. I'm as I the older 407 00:28:00.079 --> 00:28:03.160 I get, the more conservative I get, because you know, when you're 408 00:28:03.200 --> 00:28:07.039 young, you make a lot of mistakes, don't you. So I've had 409 00:28:07.079 --> 00:28:11.400 experiences with some of the some of the more speculative investments. That's why I 410 00:28:11.440 --> 00:28:14.880 get more conservative as I get older. It is so good to talk to 411 00:28:14.920 --> 00:28:17.880 you. And again, David Night, I go old to take you to 412 00:28:17.880 --> 00:28:19.079 Tony and let him know that you came through us. Thank you so much, 413 00:28:19.119 --> 00:28:33.559 Tony appreciate it. Thank you, David. The David Knight Show is 414 00:28:33.599 --> 00:28:41.839 a critical thinking super spreader. If you've been exposed to logic by listening to 415 00:28:41.920 --> 00:28:49.240 The David Knight Show, please do your part and try not to spread it. 416 00:28:51.119 --> 00:28:59.079 Financial support or simply tell the others about the show causes this dangerous information 417 00:28:59.359 --> 00:29:04.960 to spread. Father people have to trust me, I mean, trust the 418 00:29:06.519 --> 00:29:18.279 science. Wear you mask, take your vaccine, don't ask questions using free 419 00:29:18.319 --> 00:29:22.920 speech, to free minds, it's the David knight Show.