Joining us now is Tony Ardeman. Thank you for joining us, Tony.
Well, thanks for having me back, David. I was enjoying the show.
No worries at all on the delay. Sorry about that, you know
what I mean. They're now openly talking about this. We've got a guy
who is on the Federal Reserve Board in New York saying, I think we're
probably going to have five hundred banks fail this year. You've got the FDIC
saying, oh, I think it'll be at least fifty two. But then
they assuage everybody's fears and say, don't worry, it's not going to be
the big banks. It's going to be the small, medium sized banks.
Well that's right, I mean it's the small and medium sized banks. We
saw that really spill over from FTX, and of course they were able to
plug that leak. Janet yell At stepped in and of course the Federal Reserve.
And then when she was asked by Congress if she would step in and
save the all banks, if all banks were had the ability to be saved
by the Federal Reserve or the Treasury, she said no. And she wasn't
going to leave that on the table. So I think that's what you're seeing.
Small and medium sized regional banks, those are going to be in the
chopping block first for the consolidation. The bigger banks are going to want to
buy up those assets. We saw that in two thousand and eight with tart
funds in two thousand and nine and so on and so forth. So I
think what we're seeing, David, is really the games. The chessboard is
being set up to bring in these bank failures, and the bigger banks are
going to be poised to buy up all of them. And that's really,
really and we've been talking about this for a couple of years now. That's
the backbone of the central bank digital currency. Yeah. Yeah, when you
go back and you look at what kicked all this stuff off. You know,
everybody talked about the removal of glass steegel so banks could get into speculative
things, and they created all these derivatives and the real estate derivatives that you
know, and the mergers that happened to create the really big banks and so
all this stuff happened, but it was really the mergers that really kicked all
this stuff off, and both the repeal of the glass steagl act and the
mergers happened with Bill Clinton, and it only took about ten years stuff to
blow up. But then the aftermath of that we saw for several years.
I remember Matt Drudge when he was doing conservative news. He would talk about
how many banks had failed every year, and it would be between one hundred
and fifty to two hundred banks failing every year for several years in a row.
After they had bailed out the big banks, they let these other banks
twist in the wind and fail. And now we're seeing here now another decade
later, they're getting ready to rent and repeat. And as they're talking about
it, this guy who has, first of all, he's on the Federal
Reserve Board in New York, but he's also got a large commercial real estate
organization there, and he says, I don't think this is going to be
a systemic problem for real estate, he said. And he says, and
for the large, systemically important, too big to fail banks, so they're
kind of protect these guys, he says. However, for the regional banks
around the country, they have a significant allocation of their loans to commercial real
estate, a lot of it to multifamily developers that are going to go have
loans that are upside down, and of course this is what we've been talking
about for quite some time, and now it's coming to fruition. They're saying
these banks are going to fail, and they're just fine with that because it
fits their long term plan. Again, this is thirty years now. They've
been working on creating just a handful of banks and then they're going to be
their partners to centralize the central bank digital currency. I think, well,
let's forget glass Stiegel was a remnant of the nineteen thirties. That was a
bill passed in the nineteen thirties after the Great Depression, or during the height
of the Great Depression. You have massive bank failures and a lot of these
regulations were used to keep from these other banks from consolidating and buying them up
and then making the problem worse. And that's what was in the nineteen nineties.
That was the repeal of glass Stiegel, and so you had what ran
up to the dot com bust, and that we just see more and more
consolidation. And let's not forget too these regionals banks. Smaller banks are the
ones that lend. Those are the banks that lend to real people, which
are the backbone of the US economy, small business, all of that,
the non essentials out there, those of us who are non essential during the
lockdowns, and so that's who they're going after. They're going to all the
stress tests and all the mistakes that have been made by the Central Bank and
the debt. David, I just read earlier today the US debt increases one
trillion dollars now every ninety days. Yes, okay, So all of the
fiscal irresponsibility, the cancer, the financial cancer that they've unleashed on none all
the United States, but the West in general, the entire world, and
that's all going to fall on the back of these small and regional banks because
that's all of the economic blowback, all the consequences of this unlimited money printing
and everything they've done for the last many years and especially in the last four
years. That's who's going to feel the pain first. So I think I
think that's I think what you're watching really is as a plan to put to
dump it in the laps of those who have the most leverage, are the
most exposed. Look at the cast positions of these banks. Remember after after
TARP and this was unprecedented. Ben Bernanke came out and that was a twenty
eleven. If you look at the price for precious metals, you can go
back and see that the gold was reaching two thousand back in twenty eleven.
It was really close. It was a high nineteen hundreds, and then silver
hit fifty dollars. Ben Bernanke came in and calmed everybody down and said,
you don't have to go into precious metals. You know, the Federal Reserve
bailed out these banks. It's unprecedented. We won't do that again. Yeah.
Well, you know what was the debt of the US in twenty ten.
It was ten trillion dollars, right, so now we're at thirty thirty
five trillion and climbing again. Every ninety days the US government adds one trillion
to the debt balance. So this is all unsustainable. I think they're just
I think they're just clearing the path for more consolidation by the multinationals. And
this is ESG right. This is those who were close to the central banking
hub, the multinationals, the consortiums, and that that is what's going to
be you know again, that's that's the protected class. But the bank balances
of those who were who took part in the bailouts in two thousand and eight
and two thousand and nine, they just hoarded cash. They didn't lend that
money out. That's right, that's right. And they were able to they
said, oh, we paid it all back. You paid it back with
a zero interest, you know. I mean it's like you held it for
a while, you made a lot of money off of it, and then
he gave some of it back. You didn't have to pay any interest on
it at all. Yeah. But what you're talking about these small and medium
sized banks, as you mentioned, they're the ones that are lending the individuals
and small business is the money. And that's the real concern here because what
they're going to do is they're going to freeze up the financial machinery. And
that's one of the reasons why Nicely is looking at this and saying, you
know why, if anything, can we do about this. At the state
level, looked at what happened in North Dakota and keeping those small and medium
sized banks alive during the Great Depression and things like that. So that's why
they're looking at things and saying, even at the state level, you know,
we got to get into gold because we don't want to be completely dependent
on the fiat currency coming out of Washington. So the state needs to have
some gold so the state can keep machinery going. They need to be able
to backstop some of these banks, and we've got to be able to keep
this flowing. But these people are looking at throwing one monkey wrench into the
machinery after the other to shut everything down, to lock everything up. That's
really what's what is and what they're trying to do. I believe, well,
you played that clip earlier of a man on the street and asking people
about central bank digital currency, and those who even had some clue of it's
well, i'll vote, you know, I'll vote my way out of it.
I'll vote, I'll vote against it. That's not how you stand up
to central bank digital currency because it is a fate of complete they're going to
bring it into existence. The question is do you have another system outside of
it? That's right, and that's what that's why it's so important these state
and regional banks looking into bullion houses and how how to uh, you know,
set up gold and silver is legal tender, you know, through the
legislation. This is this is imperative. We have to do that. The
parallel system is the way to stand up to central bank digital currency because they're
not going to be given a choice. This isn't going to be on a
ballot. Remember, Jared Kushner is the one pushing central bank digital currency.
Do you think Jared Kushner is no longer part of the Trump going to not
be a part of the Trump administration. If Visa selected, they're going to
have this and Biden, I mean Biden's pushing the central bank digital These are
the same masters. Yes, and central bank digital currency is just the future.
You have to look to the future, and what we have to do
is plan around it. And that's the parallel system, the state banks,
things outside of the systems. We talk about every week. And of course
it'd be great if we have states that are going to do that, but
again that may not happen at the state level, but you can still prepare
at the individual level. That's why I mentioned it. You know what are
the what is China doing? Well, they're getting gold. You know what,
do we have the forward looking people at state government looking at well,
let's get some gold for our state organization. Well as an individual, you
need to start looking ahead and how you're going to prepare for yourself because it
may not happen at the state level. It may not happen at the state
that you live in either, so you know, but you can still prepare
as an individual for this stuff. Well, the Chinese people certainly are people
in India are a massive gold reserves being sent to India. China's keeping its
gold, not a net exporter. And like I said, I think a
couple of weeks ago we talked about China sixty thousand gold mines, so they're
ramping up there their gold, and I think it's something interesting going on in
the global economy. And David, it's crazy. We talked about gold and
bitcoin hitting their all time high together last week. Bitcoin just surpassed silver in
market cap yesterday. Wow, so it actually surpassed It surpassed silver in market
cap I think one one point for a trillion. So a lot of people
are going to look at this and say, well, I need to get
into bitcoin. It's like, well, silver's on sale right now, It's
on absolute So the headline on Kidko is silver surpassed by bitcoin and market cap.
But the gray metal has begun it's long away to move. And there's
a lot of things going on, because it's not just one thing. You're
talking about a complete revaluation of currency. And as the dollar loses the world's
reserve currency status, and you see all these reports coming out inflation's worse than
they thought. They try to paper over this as best they can, but
the world is moving away from the dollars. So there's just this shrinking demand
which is shrinking value. Again, it's psychological, but people around the world
are starting the dump dollars and they're going in some into other areas. But
the dollar represents our markets, it represents the stock exchange, all that fake
and all that tied to that's political, everything around Wall Street, and so
the dollar itself, king dollar, represents that and people are moving away these
the bitcoin ETFs, David, and I'm not a fan of the ETFs.
I'm not pushing for that. When you've got Larry Fink from Blackrock appraising bitcoin,
I start questioning my own my own sanity, or where my loyalties lie.
But again, they're pushing that one billion dollars and inflows yesterday, wow,
yesterday one billion inflows, And the ETFs and the bitcoin, all that
movie, the money moving into there, Why is that? That's because the
dollar is losing purchasing power and that reflects all of the uncertainty in every market.
This is a complete revaluation of things. So when you say, well,
is it going to be gold, is it going to be bitcoin?
Is it silver? My answer is yes, it's all those things. There's
people are looking for something that's not going to be unlimited, right, There's
there's some checks to it. There's going to be some way to hedge against
the loss of purchasing power and the loss of not only that, but the
loss of value in these markets that are so tied to it. And yeah,
they're going to cut rates. We know that they're going to do QE.
They're signaling that there. And the reason gold is moving and bitcoin is
moving is because they're talking about cutting interest rates on top of high inflation data.
So these two things can't go together. Yeah, well they're political,
so they have to do it. It doesn't really matter. I mean,
they can manipulate the inflation stuff as much as they want. And even after
they manipulate the inflation rate and bump it down so dramatically, uh, it's
it's still twice what their target rate is, but they're going to raise rates
anyway, but it's still much higher than what they're saying it is. But
you know, when you look at this, you know Powell is saying the
same kind of stuff. He says, Yeah, there's going to be a
lot of disruption, and there's going to be a lot of failures, but
don't worry. It's just the small banks and regional banks, and so it's
manageable, is what he said. And we don't have to worry about the
big banks because that's all they're worried about. But when you look at and
I think the trigger for this, and I think this is what a lot
of period pull are seeing, which is why they're moving into bitcoin and ETF
for anything that is away from the dollar. They see this whole thing is
just you know, freezing up, and we've got to get something that is
outside of this. We just had on Monday on the eleventh, this program
that they had put together to help some of these banks that were in trouble.
They just brought it to an abrupt end. And so interestingly enough,
on the fourth anniversary of the World Health Organization declaring a global pandemic when there
wasn't one. These people are pulling out the rug from you know, the
these banks have been relying on. That was one of the reasons why they
know it's going to be five hundred banks failing. Because they're ending that program.
They're not worried about it, but it's going to create massive unrest.
As you point out, people are looking for any kind of a haven outside
of the dollar though. Well, you know, I looked at some of
that intel and we discussed last week there might be an issue on the eleventh
because that program was ending. And I woke up early on the eleventh and
I wired out every single invoice that I needed to pay everybody who paid me.
I got to the trading floor, I got it off my balance.
She's by nine am. I wasn't taking any time. I'm not going to
let be left hold in the bag, especially for my customers. I've sent
everything out to the trading floor, paid every single invoice and got it to
zero because we don't know from Indeed, these are very uncertain times, and
so building something outside of the system absolutely imperative. And of course they're gonna
they're always they're going to blame this on every day, you know, the
small business, the regional banks, and they're going to say, well,
we need more regulation. And the more regulation is just we need to help
these bigger banks. They're your friend, you know, they're not lending to
people, and that's the thing. The way to control is more and more
consolidation. They're going to continue to back these big banks and leave these smaller
and regional banks out to drive. Yes, yeah, absolutely. As a
matter of fact, there was one article I saw what they're talking about Javier
Malai and Argentina said, okay, so he's you know, he's he says
he's tying it all to the dollar. He had said when he was running.
He said, yeah, I understand the problem with the American Central Bank
Federal Reserve, but he said our central bank is even worse. And this
is just a pivot move, for temporary move or something like that. But
they said, so what is everybody else going to do? What are Americans
going to do when there's no other currency that we can go to to prop
it up? That's a bigger thing. And he said, that's that's why
everybody's moving into the ETF bitcoin ETFs and bitcoin and gold and silver and things
like that, because everybody is getting very afraid of this system that is teetering
on collapse and is imminent even according to the people who are running the system
and pulling the levers. But you know, it's also interesting, I think,
to see how all of this is focusing people towards the CBDC and New
South Wales where we had Gladys Bearjiclian, one of the worst of the COVID
tyrants and her party. To remind everybody, her party present itself as a
libertarian party. They call them liberals, but you know that's we use the
term libertarian here because the liberals stole that word. But they were the Liberal
Party, so they were supposed to be about individual liberty and they were the
ones who were some of the worst tyrants. Now they're pushing to consolidate payments,
even more so in New South Wales into a central currency, and in
Nigeria, where they've been struggling to impose this CBDC thing, is one of
the the first countries. You and I have talked about that many times.
They're now really leaning on binance and they're saying, you got to give us
all the information on your top one hundred customers, and we want you to
turn over all the transactions from the last six months. What do you think
is going to happen with this army of IRS agents that Biden and the Republicans
want to send against us in the next couple of years. Well, that
they're building an army for a war. That's right. I mean, it's
a war on the American people. It's a war on people all around the
world from their governments. They want to control all financial transactions that they don't
look at what Black Rock's doing, or these multinationals or any of these Wall
Street criminals. Don't look at what they're doing. We don't follow the money
there. We only follow your six hundred dollars venmo transactions. That's what that
army of virus. The income tax was never about fair share or anything.
It was built by the wealthy. I don't know. When you know history,
it's like living in the twilight zone. Like you realize as a progressive
that the world's richest people they made a foundations that they exempted themselves, and
they gave you the sixteenth Amendment, which is the income tax, and it's
a it's a way for the rich, the most powerful to control you.
So they use and you know, it's funny the same way they built these
platforms for speech, David, Like, you know, you've been kicked off
YouTube. I've been kicked off YouTube. You know you go to but it
used to be websites or Facebook, you know, you go, you go,
same thing, Facebook, Twitter, all that used to be websites.
And they draw you into these things and it's all free and it looks like
it's working really well and you're connecting and all of a sudden, no,
you're you're curated, you know, like like Tim Cook says, you know,
we're going to cure. We're a curator system for podcasts, and so
they curate. Well, they're doing the same thing with crypto in a lot
of ways. I love the crypto space, but you know it when it
becomes more mainstream, when these websites start, you know, bowing down and
we're going to be regulated, and we're you know, look at the SEC
and whatever whatever regulatory agency, and they're not standing up for freedom because this
is a you know, a token system is is just meant to be peer
to peer. It has nothing to do with you know, with the government,
has nothing to do well that's what they're being built to bring you in
there, and then they're going to bring the hammer down if you don't comply.
And so not everything in crypto is is equal, right, Not everything
is built on the same system or the same philosophy of the of the cipher
punks and the cryptography that was built to make things like bitcoin. So again
that's not it's not all the same ecosystem, but they're going to use that.
And I think that, you know, the same thing with the ft
X and all that, that was a test balloon to see how people would
react. They shut down the silver Gate Bank. There was nothing wrong with
it. We talked about that, there was nothing wrong with so I used
to wire silver Gate for for my bitcoin and they were particularly solvent, and
they were completely solvent. There was nothing wrong with but they touched there was
it touched something that if you look at it the same Sam bankman Fried stuff,
this looks such so much like a setup, like how did that guy
ever have the amount of the amount of funds that he supposedly have, you
know, and all funnels back to Ukraine, all these things, but they
use that. I think that's the same thing with some of these larger crypto
exchanges and some when they have political ties again people get involved with it.
It crashes there. This isn't this is a problem in the crypto space right
now. There's mean coins that are going up. I mean they have Joe
Bowden, the coin they have trump coin is up four hundred percent, or
some crazy thing which is a mean coin. They have a coin based on
Elizabeth Warren that I won't say what the name of it is on air,
but that they have. They have a whole bunch of these things. And
they're not they don't mean anything, they're just but people are excited because of
the Bitcoin ETFs. It appears if you watch the financial networks that everything's great
and there's lots of liquidity. But watch out when they pull the plug.
Who gets blamed? You know, if there's a if there's an especially is
bitcoin's driving up. And I'm a believer in bitcoin, but if bitcoin keeps
driving up, if people get hurt, if there is a collapse in some
way and all this inflow and outside you know, these retirement funds, and
if this is a collapse of the total crypto ecosystem, which it could be
even in the short run, well there's going to be a blame, and
the blame will be on crypto. And how do we fix that? How
do we fix all your money problems? Will we give you a central bank
digital currency? We need the we need the adults in charge, you know,
we need somebody with a regulatory mind to come in and and fix all
this and we'll make up for it. That's what I'm afraid of, whether
it's a banking crisis or a crypto crisis, or or economically. They'll fuse
it together and they use it. They've trained people with that. You know.
It's like remember when the woof flu hit us and how we helped you
out with the stimulus checks. Well, that's just what this is now,
except it's going to be a little bit easier for us to get you this
money. We can do it faster with a CBDC and all or so,
so just take the number. Yeah, they got everybody accustomed to all of
that stuff. And you know when we look at like you said, you
know, uh, bitcoin can can crash, regardless of whether or not that's
real. Look at the dot com bust, right, all of that stuff
was you know, the internet was a real thing. And just as we
see now also with AI. You know, we've got AI, we've got
bitcoin. Those are things that people are going to be able to leverage.
You know, the bitcoin is going to be there, and people can make
a lot of money from AI whatever. But but the bottom line is that
that was all there with dot com. You know, you knew that the
Internet was coming, that it was going to be big, but it got
out of it got out ahead of itself, turned into a bubble, and
they used that to get people afraid of it and to all jump out of
the market at the same time. And people that's what I'm afraid of,
Yeah, exactly, I'm afraid of because it brings in regulation. It allows
those who have innovated and put their lives and fortunes on the line to to
bring something to market, who truly believed in something, they're going to be
vulnerable, and they're going to be vulnerable to be bought up. That's what
happened with the dot com revolution and the Internet, and again it got consolidated
into what we see now, which is kind of a hellscape, a dystopia
that we're you know, slowly the gears turning down speech, throttling anybody that
can be seen that wants to just have, you know, have their own
opinion again curating, like Tim Cook says, that's the same thing. I'm
a firm believer in the crypto space. I've been in it since twenty sixteen.
I'm also a gold and silver guy. I believe I'm precious metals first,
but I think in the in technology and where we're headed, if you
wanted to have any innovation at all, it's the energy is in crypto,
it's it's the future. It's the future if. And that's there's a there's
a question question mark hanging over all of this, and that's why I'm I'm
not a pessimist per se, but I am skeptical. When there's so much
much going on and things that don't make sense, I call attention to it.
I don't want to just be an outright cheerleader and say all of it's
good. It's you know, and there's that phrase in the crypto space,
it's just number go up, you know, number go up, and that's
what people look to. And I'm not sure that that's really the purpose of
it is not really number go up. The purpose of it is to build
something outside of the corrupt Fiat system. Yeah, and that was the goal
from the beginning. It's the same thing that gold bugs have always talked about,
or silver bugs. We don't want to be part of this. And
you know, if Richard Nixon hadn't taken us off the gold standard in nineteen
seventy one, would there be a bitcoin? Would that really be a thing?
Well, I mean I wouldn't have a business, there would be what
would gold be doing. It would be doing thirty five dollars an ounce,
and we'd have a completely different looking country. We'd have a different world.
It's a thought experiment. I'd love to see what it would look like,
you know, just for curiosity's sake. But none of these things would exist
if we had any semblance of real money, and we do not. I
agree. Yeah. I talked to Aaron Day about his you know, he
ran briefly for president so he could try to bring attention to the CBDC issue.
And he says, you know, get into gold coin of gold and
silver and bitcoin and other things like that. But he said, you know,
with bitcoin, he was early adopter of it. He said, we
turned that corner at one point. It was all set up to be what
you were just talking about an alternative system, an alternative payment system, and
then he said it turned into a speculative asset. And you know, the
big banks and other people that had a big part to play in that.
Now they're doing that with steer on steroids. I mean, when you look
at the CTF thing, that's turning it into a speculative asset on steroids,
and I don't know what happens with it in terms of, you know,
some kind of an alternative currency. But going forward with all this, looking
at the debt, you know, there's an article this week, this is
from re And magazine the White House as are going to borrow sixteen trillion dollars
over the next decade. Yeah, and that ridiculous. As you point out,
they're going up every ninety days by a trillion dollars. And you're talking
about over the next decade. Are you serious that it is going to be
way way more than that. Is going to explode and implode long before that
happens. But they really don't care, and just take a look at the
irs and the fact that they're going up at trillion dollars in the cumulative debt
every ninety days. They're not anywhere close to bringing it to funding the government
with taxes of any sort, including the income tax. It's simply there to
keep us from being able to accumulate any wealth, to keep us in our
place. That's why the income taxes is there. It's not there to fund
the government as most people think. It's there to soft the rungs of the
ladder that you can't climb up. It's the curse of nineteen thirteen with the
sixteenth Amendment in place, which is the income tax completely outside of our heritage,
our constitution, the intent of our founding fathers, I mean, and
it's and it's ridiculous, It doesn't make sense. The income tax is there
just to punish you. It's just to make sure that you cannot compete with
the world's richest people who really run everything. You know, you look at
Paul Warburg, who that's the they based the character Daddy Warbucks off in Little
or Finani, you know, and if you watch the movie or watch the
play, you know he calls up Franklin Roosevelt and tells him what to do.
That was. You know, people back in that time frame they really
knew things, didn't They really understood who these people were, you know,
the Warburgs. His brother Max Warburg was the head of the Central Bank in
Germany at the same time. We're supposed to be mortal enemies in World War
One. Yeah, and they put these things in place and things like being
cometax. Max gave Vladimir Lennon ten million dollars in gold and put them on
a sill crane to start the Russian Revolution. Yeah, that's exactly right.
Same thing in this country. We had Leon Trotsky was a newspaper reporter in
New York, and they loaded him down with gold and Woodrow Wilson, as
matter of fact, pushed his passport make sure he got out of Canada.
He was able to get through and get onto Russia to start the revolution.
This is because he was had a banker handler, you know, a Colonel
mandel House who lived with him in the White House, kind of like Harry
Hopkins did with Franklin Roosevelt. So no, they built these This is a
system built by the world's most powerful, richest people to make sure that you're
a dead slave. Sixteenth Amendment was there to make sure that you never are
able to compete with them again. Who has reached the pinnacles of anybody like
a Warburg in this country. I can't think of anybody that's you know,
these who's our JP Morgan, It's not Elon Musk? You know who is
it? You know, we haven't reaped. There's been nobody to reach these
heights of wealth. And and like they did in that timeframe, those who
met at Jekyl Island, the Rockefelders, who's our Rockefellder? Nobody? You
know that. We just have these these puppets like Bill Gates and Alon Musk
and others. Nobody reaches these types of the types of wealth. And because
that's what this income tax was designed to do. It's just slow you down,
grind you down. You can't. You can't. You know, the
regulation who understands it? You know what's taxable, what's not? They don't
even they'll admit they don't understand it. So we're all. You know,
It's one of the reasons I have my one of my sponsors in my show
is Legal Shield. I've been with them for twenty plus years. They've got
audit protection built into their membership. You get audited, you got to.
You got a law firm on your side. But again, not this is
this is coming with eighty seven thousand, and the Republicans slow that down,
and all I forgot. I know they're busy banning TikTok. That's which which
you can ban TikTok, but not that right, that's right in and of
itself. I mean, that's a very dangerous thing. You know, we've
had this is a new thing for Congress to essentially go out and ban some
application or website or business or whatever, over and above the free speech issues
that are there. But so what is on your purview in terms of last
week we were talking about record highs and we're still seeing some record highs.
I guess for a bitcoin, things kept pushing up with gold got close to
twenty two hundred, didn't it before it fell back? It did, and
I think we might see a dip and some sell off in both medals in
the short run, But in the long run, that's what we're moving to,
a revaluation of commodities. The Bridge nations, they're pushing for new pricing
and commodities because they get that there's suppression in the precious metals markets because of
the dollar has been at war with gold since we went off the gold standard
in nineteen seventy one. I mean it's a natural enemy. Gold was up
two percent in the seventies, not because it went up in the value,
but because the dollar lost purchasing power. Again, we're when you reach the
end of a currency, and I'm not sure we've ever seen anything quite like
what we're watching right now. When we talk about, you know, every
ninety days, the debt going up a trillion dollars, it reminds me of
something that the speech writer for Nixon, Herbert Stein. They call it Herbert
Stein's law. He said, when something cannot go on forever, it will
stop. Well, this will go this will stop because it cannot go on
forever. So I think we're going to see more and more and again.
I want to go to the Bitcoin ETF and I listen to a lot of
podcasts and those who are in the crypto space that are really excited. I
don't want to rain on your parade because I'm early adoption of bitcoin. For
me in my life, I've been a fan. I just have a problem.
When Larry Fink of Blackcroc comes out, there's only one or two possibilities.
Either he's giving it its blessing to kill it, and he wants you
to just take this thing like because that's where our mind naturally goes with these
type of people. It's like, are you is it a poison pill?
We want to wreck the whole thing so we can replace it with something else,
kind of a creative pruction, like we bless it, it blows up,
and now we give you the Central Bank digital currency. Because those who
control the money supply, like Mayor i'mshel Rothstyles said, you know, I
care not who sits on the British stone. The person who controls the British
Empire is the person who controls the British money supply. I control the British
money supply. That was in the nineteenth century. So you wonder, you
know, with the Blackrocks ties to the Fed because of Trump, this was
I mean, the reality is these these big banks have ties to the Federal
Reserve and help manage it and all the intricacies of it. So you wonder
why would they be for something that's outside of that. I have questions.
There's either the possibility is trying to blow it up or he's a true believer.
I don't know. I'm just color me skeptical. I'm going to be
skeptical on that forever, and so I'm never going to truly believe that these
people have seen the light and they believe in you know, sound money or
even just having a finite based commodity system for payments. I don't really buy
it because they're born out of fiat. Everything that goes that's created these new
markets and these megabanks, David, is all fiat fake currency. That's why
there if you look at the consolidation by the wealthy since nineteen seventies, it's
it's massive. In the working class in this country, and the middle class
it's shrinking and declining and wealth. So there's something there's something inherently wrong with
So I'm watching that very closely. I'm also seeing things like you know,
we talked about the market cap of silver being surpassed by bitcoin. I'm not
concerned about that at all, because when you see more and more of the
outflows and things coming from people just around the world getting out of their own
currencies and getting into commodities and getting into things like gold and silver, there's
a place at the table for all commodities, you know, copper land in
this whole era that we're in or you could call it an error like you
usually do. It's an error. There's all of this is fiat and it's
fake and it's coming to an end. I'm going to be tomorrow, but
I think you're going to see more and more consolidation in the commodities markets.
So I'm just preparing. On my side of the business is just to have
supply. That's one of the reasons I have two locations. I needed a
supply chain. What's going to happen to my membership program when I call,
like the first quarter of twenty twenty after March, if you called and locked
in silver with me, it was six weeks out, Wow, and people
couldn't believe it. I'm like, well, I can't help that. That's
just all the resources that I have everywhere in wholesalers, it would be four
to six weeks out for most products. So luckily we're not in that timeframe
anymore, and you can still get supply. It's not as great as it
was before all of this happened before twenty nineteen or so, but that's the
key is going to be supply. I know that the metal dealers that I
respected are in this business that's their number one priorities to make sure people have
supplies. So I've asked that question. You know what happens to my wolfpack
members when I have delays? You know, well, I'll even be able
to continue that program, I hope. So we're working on that right now,
because I do see. It just takes a it just takes a little
push. I mean, we're just right on the edge of something really historic,
and some of it can be good, some of it can be bad.
Uh. You know, we're watching the banking issues, and I tell
you that story, Like I woke up early in the morning on the eleventh,
I had my wire set on both banks and I empty both bank accounts,
and that I really believe. I think there's going to be a banking
crisis. I just have a question. Yeah, it's it's not that I
know. I just have a question. And I'm not going to be hopefully
not caught flat footed because i have responsibilities to people who who are my customers,
are my clients, and so that's what that's what I'm looking towards right
now. David, it's just aving supply. I like your You've got a
lot of experience, You've got a lot of insight into all this as people
can hear, and when we go back and we look at it, as
everybody says, history doesn't repeat but at rhymes of course, right, And
it just seems to me like we saw this massive wealth destruction with real estate
that so many of the middle class had in terms of wealth, wealth destruction
because of this pump and dump that they did in the mid two thousands.
And a large component of that that allowed them to do it was this derivative
instrument that they created. And so I look at this and I've seen for
the longest time people are saying, well, you know, the younger generations,
they find it difficult to get into real estate and housing and get the
capital to get started in that. A lot of them are building wealth on
crypto, especially bitcoin. Oh okay, so we're going to do a derivative
on bitcoin. It's like, I don't know if that's what that's about or
not, but it's just, you know, I look at it. It's
like, are so they're going to try to is this a big ropidope thing
to destroy people's wealth, you know, by bringing in this derivative stuff,
because that just allows them to manipulate things to you know, an amazing degree.
As you and I have talked about for the longest time, the ETFs
for gold and silver, allowing them to manipulate prices for that, bringing in
this this massive rush into bitcoin with these ETFs that really just I don't know,
my spidy senses are tingling. It's all mine too, yeah, yeah,
And I think you feed the old system by doing it. I mean
you go, look something our buckminster Fuller talked about said, don't fight the
old system, you just give it energy. Just go build the new one,
you know. And that's that's a lot of the innovators and the futurists
and people that you know, want to create a better tomorrow. That's the
people that have followed our buckminster Fuller, you know, the the uh who
have to talk about him sometimes. He's an interesting figure, you know,
he had to He created the Bucky, the buckey ball, you know,
the geodesic dome and all that. He's a genius. But he talked a
lot about finances, and he wrote a book right before he passed away in
the eighties called Grunch of Giants, and it was the gross Universal Cash Heist,
and he talked about how the richious people were stealing the wealth through the
money supply, right, This is this guy's a genius. He was telling
that, you know, just talking about concepts to try and explain it to
the everyday person because you can't see it. You can't see your slavery.
It's built by these same people. So when you're absolutely right, my spider
sense is when you know history and you have some of these same people saying,
well, the bitcoin's great, we're going to make an atf out of
it, and I say, well, that's interesting. This should be your
like why would you feed it? And so I have questions and you know,
again not always right with our pessimism, but it is something to be
cautious about. Yea. And that would be absolutely because it really tracks back
to something that could be a controlled demolition. We know that they like to
control the demolished things, don't they, David, Yeah, that's what looks
like they are help meant to do everything in our society. It's always great
talking to you, Tony, and as you're pointing out, you know,
in terms of supply, that is going to really I think you're right,
it's going to be the key thing. It's good that you are on top
of that. Any specials or anything like that you want to talk about it.
Wisewolf, well, we've got the seventeen seventy six promo over on Wolfpack
dot Gold. We go to David Night got gold and click the link so
we can you can support David through there. We always support David through Wisewolf
and wolf Pack and seventeen seventy six promo for free Silver. I've have some
announcements here in the next couple of weeks. We've got some great stuff going
on at wolf Pack and some new specials, and we added a new tier.
It's called Zenwolf. I don't think I've announced that over here. Zenwolf
is the highest level. I'm not making any more Wolves that we reached.
I thought Sage Wolf would be the last tier, which was one thousand a
month, and people started buying multiple Sages and I'm like, well, okay,
well I'll go to another tier up. And so what we do is
we have Zenwolf. It's treated a little bit differently. I sometimes, if
you know, people can select, We've made it to where they can select
all gold, all silver. It's not as we have to create these other
invoices. Is in bulk, but Zenwolf's interesting. If you're interested, if
you've got you know, if you're looking at the dollar cost average over the
next two or three months or six months, you should check out Zenwolf because
you can go all the way up to five thousand. It doesn't mean you
have to make it automatic. You can do one time purchases, but that's
a good you know, if you just want to have me go buy it
for you, then that's one way to do it. And so we're just
trying to make some make it easier for people over on wolf Pack, and
you can do direct purchases all the way down to even if you want to
buy somebody a gift and buy them a wolf cup at thirty five, you
can do one time. You want to do a membership, that's great,
that's great. I like the original thinking. And you're doing everything that you
can to try to help customers. Make sure you've got supply, make sure
that you've got a lot of different programs to feed different levels. That's something
I've always liked about what you do with wolf Pack. It's always great to
have you on, Tony. Thank you so much for coming on. And
again people can get to wise Wolf goal by going to David Knight dot goal.
Let Tony know that I sent you so thank you, Al and I
would say too, thank you David and my show. We'll be live.
We're going to be live on the Rock Finn channel on America unplugged on that
channel here at eleven am Central time, so here in like the forty one
minutes, we'll be live in Freeworld dot FM. So come check out the
show. I've had a lot of your listeners come over last time, so
we'll be talking about this topic and more. I'm good, good, good
match, good match. So right after this show again you can check out
Tony's show and thank you again Tony for your support. I've been here for
a long time and really do appreciate it. Thank you so much. Thank
you. David. The David Night Show is a critical thinking super spreader.
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