WEBVTT 1 00:00:04.919 --> 00:00:07.360 Joining us now is Tony Ardeman. Thank you for joining us, Tony. 2 00:00:07.879 --> 00:00:10.599 Well, thanks for having me back, David. I was enjoying the show. 3 00:00:10.679 --> 00:00:14.759 No worries at all on the delay. Sorry about that, you know 4 00:00:14.800 --> 00:00:18.039 what I mean. They're now openly talking about this. We've got a guy 5 00:00:18.079 --> 00:00:21.280 who is on the Federal Reserve Board in New York saying, I think we're 6 00:00:21.280 --> 00:00:25.440 probably going to have five hundred banks fail this year. You've got the FDIC 7 00:00:25.600 --> 00:00:28.320 saying, oh, I think it'll be at least fifty two. But then 8 00:00:28.359 --> 00:00:30.600 they assuage everybody's fears and say, don't worry, it's not going to be 9 00:00:30.640 --> 00:00:33.479 the big banks. It's going to be the small, medium sized banks. 10 00:00:34.320 --> 00:00:37.520 Well that's right, I mean it's the small and medium sized banks. We 11 00:00:37.560 --> 00:00:41.560 saw that really spill over from FTX, and of course they were able to 12 00:00:41.560 --> 00:00:46.119 plug that leak. Janet yell At stepped in and of course the Federal Reserve. 13 00:00:46.159 --> 00:00:49.799 And then when she was asked by Congress if she would step in and 14 00:00:49.840 --> 00:00:55.000 save the all banks, if all banks were had the ability to be saved 15 00:00:55.039 --> 00:00:58.759 by the Federal Reserve or the Treasury, she said no. And she wasn't 16 00:00:58.759 --> 00:01:00.600 going to leave that on the table. So I think that's what you're seeing. 17 00:01:02.119 --> 00:01:04.599 Small and medium sized regional banks, those are going to be in the 18 00:01:04.640 --> 00:01:08.200 chopping block first for the consolidation. The bigger banks are going to want to 19 00:01:08.239 --> 00:01:14.200 buy up those assets. We saw that in two thousand and eight with tart 20 00:01:14.280 --> 00:01:17.239 funds in two thousand and nine and so on and so forth. So I 21 00:01:17.280 --> 00:01:22.079 think what we're seeing, David, is really the games. The chessboard is 22 00:01:22.120 --> 00:01:26.079 being set up to bring in these bank failures, and the bigger banks are 23 00:01:26.079 --> 00:01:29.480 going to be poised to buy up all of them. And that's really, 24 00:01:29.560 --> 00:01:32.239 really and we've been talking about this for a couple of years now. That's 25 00:01:32.239 --> 00:01:34.480 the backbone of the central bank digital currency. Yeah. Yeah, when you 26 00:01:34.519 --> 00:01:38.239 go back and you look at what kicked all this stuff off. You know, 27 00:01:38.319 --> 00:01:42.879 everybody talked about the removal of glass steegel so banks could get into speculative 28 00:01:44.200 --> 00:01:49.280 things, and they created all these derivatives and the real estate derivatives that you 29 00:01:49.319 --> 00:01:52.439 know, and the mergers that happened to create the really big banks and so 30 00:01:52.480 --> 00:01:56.480 all this stuff happened, but it was really the mergers that really kicked all 31 00:01:56.480 --> 00:02:00.799 this stuff off, and both the repeal of the glass steagl act and the 32 00:02:00.840 --> 00:02:05.120 mergers happened with Bill Clinton, and it only took about ten years stuff to 33 00:02:05.159 --> 00:02:07.479 blow up. But then the aftermath of that we saw for several years. 34 00:02:07.520 --> 00:02:14.199 I remember Matt Drudge when he was doing conservative news. He would talk about 35 00:02:14.199 --> 00:02:17.000 how many banks had failed every year, and it would be between one hundred 36 00:02:17.000 --> 00:02:21.479 and fifty to two hundred banks failing every year for several years in a row. 37 00:02:22.599 --> 00:02:25.080 After they had bailed out the big banks, they let these other banks 38 00:02:25.080 --> 00:02:30.240 twist in the wind and fail. And now we're seeing here now another decade 39 00:02:30.280 --> 00:02:34.280 later, they're getting ready to rent and repeat. And as they're talking about 40 00:02:34.280 --> 00:02:37.039 it, this guy who has, first of all, he's on the Federal 41 00:02:37.080 --> 00:02:42.759 Reserve Board in New York, but he's also got a large commercial real estate 42 00:02:43.439 --> 00:02:46.400 organization there, and he says, I don't think this is going to be 43 00:02:46.439 --> 00:02:51.319 a systemic problem for real estate, he said. And he says, and 44 00:02:51.360 --> 00:02:57.879 for the large, systemically important, too big to fail banks, so they're 45 00:02:57.919 --> 00:03:00.840 kind of protect these guys, he says. However, for the regional banks 46 00:03:00.840 --> 00:03:05.759 around the country, they have a significant allocation of their loans to commercial real 47 00:03:05.840 --> 00:03:08.159 estate, a lot of it to multifamily developers that are going to go have 48 00:03:08.280 --> 00:03:13.719 loans that are upside down, and of course this is what we've been talking 49 00:03:13.719 --> 00:03:15.759 about for quite some time, and now it's coming to fruition. They're saying 50 00:03:15.840 --> 00:03:19.680 these banks are going to fail, and they're just fine with that because it 51 00:03:19.719 --> 00:03:23.879 fits their long term plan. Again, this is thirty years now. They've 52 00:03:23.919 --> 00:03:29.039 been working on creating just a handful of banks and then they're going to be 53 00:03:29.039 --> 00:03:32.560 their partners to centralize the central bank digital currency. I think, well, 54 00:03:32.639 --> 00:03:37.759 let's forget glass Stiegel was a remnant of the nineteen thirties. That was a 55 00:03:37.800 --> 00:03:40.080 bill passed in the nineteen thirties after the Great Depression, or during the height 56 00:03:40.080 --> 00:03:46.199 of the Great Depression. You have massive bank failures and a lot of these 57 00:03:46.280 --> 00:03:50.719 regulations were used to keep from these other banks from consolidating and buying them up 58 00:03:50.759 --> 00:03:53.280 and then making the problem worse. And that's what was in the nineteen nineties. 59 00:03:53.319 --> 00:03:57.759 That was the repeal of glass Stiegel, and so you had what ran 60 00:03:57.879 --> 00:04:00.599 up to the dot com bust, and that we just see more and more 61 00:04:00.639 --> 00:04:05.000 consolidation. And let's not forget too these regionals banks. Smaller banks are the 62 00:04:05.000 --> 00:04:10.319 ones that lend. Those are the banks that lend to real people, which 63 00:04:10.360 --> 00:04:13.199 are the backbone of the US economy, small business, all of that, 64 00:04:13.360 --> 00:04:17.639 the non essentials out there, those of us who are non essential during the 65 00:04:17.680 --> 00:04:21.319 lockdowns, and so that's who they're going after. They're going to all the 66 00:04:21.439 --> 00:04:26.639 stress tests and all the mistakes that have been made by the Central Bank and 67 00:04:26.399 --> 00:04:32.040 the debt. David, I just read earlier today the US debt increases one 68 00:04:32.120 --> 00:04:36.800 trillion dollars now every ninety days. Yes, okay, So all of the 69 00:04:36.839 --> 00:04:45.120 fiscal irresponsibility, the cancer, the financial cancer that they've unleashed on none all 70 00:04:45.160 --> 00:04:47.519 the United States, but the West in general, the entire world, and 71 00:04:47.560 --> 00:04:51.439 that's all going to fall on the back of these small and regional banks because 72 00:04:51.480 --> 00:04:59.279 that's all of the economic blowback, all the consequences of this unlimited money printing 73 00:04:59.279 --> 00:05:02.079 and everything they've done for the last many years and especially in the last four 74 00:05:02.160 --> 00:05:05.759 years. That's who's going to feel the pain first. So I think I 75 00:05:05.800 --> 00:05:11.519 think that's I think what you're watching really is as a plan to put to 76 00:05:11.680 --> 00:05:15.360 dump it in the laps of those who have the most leverage, are the 77 00:05:15.360 --> 00:05:19.120 most exposed. Look at the cast positions of these banks. Remember after after 78 00:05:19.240 --> 00:05:25.399 TARP and this was unprecedented. Ben Bernanke came out and that was a twenty 79 00:05:25.519 --> 00:05:29.560 eleven. If you look at the price for precious metals, you can go 80 00:05:29.600 --> 00:05:33.000 back and see that the gold was reaching two thousand back in twenty eleven. 81 00:05:33.040 --> 00:05:38.120 It was really close. It was a high nineteen hundreds, and then silver 82 00:05:38.240 --> 00:05:43.319 hit fifty dollars. Ben Bernanke came in and calmed everybody down and said, 83 00:05:43.319 --> 00:05:46.680 you don't have to go into precious metals. You know, the Federal Reserve 84 00:05:46.759 --> 00:05:50.199 bailed out these banks. It's unprecedented. We won't do that again. Yeah. 85 00:05:50.279 --> 00:05:56.079 Well, you know what was the debt of the US in twenty ten. 86 00:05:56.319 --> 00:06:00.560 It was ten trillion dollars, right, so now we're at thirty thirty 87 00:06:00.560 --> 00:06:08.040 five trillion and climbing again. Every ninety days the US government adds one trillion 88 00:06:08.439 --> 00:06:12.439 to the debt balance. So this is all unsustainable. I think they're just 89 00:06:12.519 --> 00:06:15.600 I think they're just clearing the path for more consolidation by the multinationals. And 90 00:06:15.879 --> 00:06:20.120 this is ESG right. This is those who were close to the central banking 91 00:06:20.199 --> 00:06:26.240 hub, the multinationals, the consortiums, and that that is what's going to 92 00:06:26.279 --> 00:06:29.480 be you know again, that's that's the protected class. But the bank balances 93 00:06:29.519 --> 00:06:32.319 of those who were who took part in the bailouts in two thousand and eight 94 00:06:32.360 --> 00:06:35.800 and two thousand and nine, they just hoarded cash. They didn't lend that 95 00:06:35.879 --> 00:06:39.720 money out. That's right, that's right. And they were able to they 96 00:06:39.759 --> 00:06:41.560 said, oh, we paid it all back. You paid it back with 97 00:06:41.600 --> 00:06:46.439 a zero interest, you know. I mean it's like you held it for 98 00:06:46.439 --> 00:06:47.120 a while, you made a lot of money off of it, and then 99 00:06:47.120 --> 00:06:49.240 he gave some of it back. You didn't have to pay any interest on 100 00:06:49.279 --> 00:06:53.279 it at all. Yeah. But what you're talking about these small and medium 101 00:06:53.279 --> 00:06:59.240 sized banks, as you mentioned, they're the ones that are lending the individuals 102 00:06:59.279 --> 00:07:02.480 and small business is the money. And that's the real concern here because what 103 00:07:02.519 --> 00:07:05.199 they're going to do is they're going to freeze up the financial machinery. And 104 00:07:05.199 --> 00:07:08.480 that's one of the reasons why Nicely is looking at this and saying, you 105 00:07:08.480 --> 00:07:10.920 know why, if anything, can we do about this. At the state 106 00:07:11.000 --> 00:07:15.600 level, looked at what happened in North Dakota and keeping those small and medium 107 00:07:15.600 --> 00:07:19.639 sized banks alive during the Great Depression and things like that. So that's why 108 00:07:19.639 --> 00:07:23.519 they're looking at things and saying, even at the state level, you know, 109 00:07:23.560 --> 00:07:27.560 we got to get into gold because we don't want to be completely dependent 110 00:07:28.199 --> 00:07:31.360 on the fiat currency coming out of Washington. So the state needs to have 111 00:07:31.439 --> 00:07:35.160 some gold so the state can keep machinery going. They need to be able 112 00:07:35.199 --> 00:07:39.399 to backstop some of these banks, and we've got to be able to keep 113 00:07:39.439 --> 00:07:44.000 this flowing. But these people are looking at throwing one monkey wrench into the 114 00:07:44.079 --> 00:07:46.600 machinery after the other to shut everything down, to lock everything up. That's 115 00:07:46.639 --> 00:07:51.759 really what's what is and what they're trying to do. I believe, well, 116 00:07:51.959 --> 00:07:56.560 you played that clip earlier of a man on the street and asking people 117 00:07:56.560 --> 00:08:00.319 about central bank digital currency, and those who even had some clue of it's 118 00:08:00.319 --> 00:08:01.519 well, i'll vote, you know, I'll vote my way out of it. 119 00:08:01.959 --> 00:08:05.879 I'll vote, I'll vote against it. That's not how you stand up 120 00:08:05.920 --> 00:08:09.199 to central bank digital currency because it is a fate of complete they're going to 121 00:08:09.199 --> 00:08:11.959 bring it into existence. The question is do you have another system outside of 122 00:08:13.040 --> 00:08:15.879 it? That's right, and that's what that's why it's so important these state 123 00:08:15.920 --> 00:08:22.480 and regional banks looking into bullion houses and how how to uh, you know, 124 00:08:22.560 --> 00:08:26.399 set up gold and silver is legal tender, you know, through the 125 00:08:26.480 --> 00:08:28.959 legislation. This is this is imperative. We have to do that. The 126 00:08:28.959 --> 00:08:33.519 parallel system is the way to stand up to central bank digital currency because they're 127 00:08:33.559 --> 00:08:35.240 not going to be given a choice. This isn't going to be on a 128 00:08:35.279 --> 00:08:41.519 ballot. Remember, Jared Kushner is the one pushing central bank digital currency. 129 00:08:41.559 --> 00:08:45.279 Do you think Jared Kushner is no longer part of the Trump going to not 130 00:08:45.360 --> 00:08:48.600 be a part of the Trump administration. If Visa selected, they're going to 131 00:08:48.639 --> 00:08:52.080 have this and Biden, I mean Biden's pushing the central bank digital These are 132 00:08:52.120 --> 00:08:56.320 the same masters. Yes, and central bank digital currency is just the future. 133 00:08:56.399 --> 00:08:58.480 You have to look to the future, and what we have to do 134 00:08:58.600 --> 00:09:03.480 is plan around it. And that's the parallel system, the state banks, 135 00:09:03.399 --> 00:09:07.720 things outside of the systems. We talk about every week. And of course 136 00:09:07.840 --> 00:09:09.399 it'd be great if we have states that are going to do that, but 137 00:09:09.720 --> 00:09:13.519 again that may not happen at the state level, but you can still prepare 138 00:09:13.519 --> 00:09:15.879 at the individual level. That's why I mentioned it. You know what are 139 00:09:15.919 --> 00:09:18.720 the what is China doing? Well, they're getting gold. You know what, 140 00:09:18.399 --> 00:09:22.399 do we have the forward looking people at state government looking at well, 141 00:09:22.440 --> 00:09:26.159 let's get some gold for our state organization. Well as an individual, you 142 00:09:26.200 --> 00:09:33.159 need to start looking ahead and how you're going to prepare for yourself because it 143 00:09:33.240 --> 00:09:35.159 may not happen at the state level. It may not happen at the state 144 00:09:35.200 --> 00:09:39.000 that you live in either, so you know, but you can still prepare 145 00:09:39.159 --> 00:09:43.399 as an individual for this stuff. Well, the Chinese people certainly are people 146 00:09:43.399 --> 00:09:50.279 in India are a massive gold reserves being sent to India. China's keeping its 147 00:09:50.320 --> 00:09:54.480 gold, not a net exporter. And like I said, I think a 148 00:09:54.519 --> 00:09:58.120 couple of weeks ago we talked about China sixty thousand gold mines, so they're 149 00:09:58.200 --> 00:10:03.159 ramping up there their gold, and I think it's something interesting going on in 150 00:10:03.440 --> 00:10:07.080 the global economy. And David, it's crazy. We talked about gold and 151 00:10:07.120 --> 00:10:13.240 bitcoin hitting their all time high together last week. Bitcoin just surpassed silver in 152 00:10:13.360 --> 00:10:20.000 market cap yesterday. Wow, so it actually surpassed It surpassed silver in market 153 00:10:20.000 --> 00:10:24.720 cap I think one one point for a trillion. So a lot of people 154 00:10:24.720 --> 00:10:26.200 are going to look at this and say, well, I need to get 155 00:10:26.200 --> 00:10:30.519 into bitcoin. It's like, well, silver's on sale right now, It's 156 00:10:30.559 --> 00:10:35.279 on absolute So the headline on Kidko is silver surpassed by bitcoin and market cap. 157 00:10:35.279 --> 00:10:39.320 But the gray metal has begun it's long away to move. And there's 158 00:10:39.440 --> 00:10:43.120 a lot of things going on, because it's not just one thing. You're 159 00:10:43.200 --> 00:10:50.080 talking about a complete revaluation of currency. And as the dollar loses the world's 160 00:10:50.080 --> 00:10:54.080 reserve currency status, and you see all these reports coming out inflation's worse than 161 00:10:54.120 --> 00:10:56.360 they thought. They try to paper over this as best they can, but 162 00:10:56.399 --> 00:11:01.960 the world is moving away from the dollars. So there's just this shrinking demand 163 00:11:01.279 --> 00:11:05.399 which is shrinking value. Again, it's psychological, but people around the world 164 00:11:05.440 --> 00:11:09.480 are starting the dump dollars and they're going in some into other areas. But 165 00:11:09.519 --> 00:11:16.840 the dollar represents our markets, it represents the stock exchange, all that fake 166 00:11:16.960 --> 00:11:20.440 and all that tied to that's political, everything around Wall Street, and so 167 00:11:20.480 --> 00:11:26.000 the dollar itself, king dollar, represents that and people are moving away these 168 00:11:26.440 --> 00:11:30.360 the bitcoin ETFs, David, and I'm not a fan of the ETFs. 169 00:11:30.399 --> 00:11:33.440 I'm not pushing for that. When you've got Larry Fink from Blackrock appraising bitcoin, 170 00:11:33.799 --> 00:11:39.080 I start questioning my own my own sanity, or where my loyalties lie. 171 00:11:39.399 --> 00:11:46.360 But again, they're pushing that one billion dollars and inflows yesterday, wow, 172 00:11:46.559 --> 00:11:50.440 yesterday one billion inflows, And the ETFs and the bitcoin, all that 173 00:11:50.480 --> 00:11:54.240 movie, the money moving into there, Why is that? That's because the 174 00:11:54.360 --> 00:11:58.720 dollar is losing purchasing power and that reflects all of the uncertainty in every market. 175 00:12:00.080 --> 00:12:03.399 This is a complete revaluation of things. So when you say, well, 176 00:12:03.440 --> 00:12:05.159 is it going to be gold, is it going to be bitcoin? 177 00:12:05.960 --> 00:12:09.000 Is it silver? My answer is yes, it's all those things. There's 178 00:12:09.120 --> 00:12:13.240 people are looking for something that's not going to be unlimited, right, There's 179 00:12:13.279 --> 00:12:18.039 there's some checks to it. There's going to be some way to hedge against 180 00:12:18.240 --> 00:12:22.279 the loss of purchasing power and the loss of not only that, but the 181 00:12:22.399 --> 00:12:26.200 loss of value in these markets that are so tied to it. And yeah, 182 00:12:26.960 --> 00:12:28.159 they're going to cut rates. We know that they're going to do QE. 183 00:12:28.559 --> 00:12:33.360 They're signaling that there. And the reason gold is moving and bitcoin is 184 00:12:33.360 --> 00:12:37.639 moving is because they're talking about cutting interest rates on top of high inflation data. 185 00:12:39.200 --> 00:12:41.759 So these two things can't go together. Yeah, well they're political, 186 00:12:41.879 --> 00:12:43.679 so they have to do it. It doesn't really matter. I mean, 187 00:12:43.720 --> 00:12:48.759 they can manipulate the inflation stuff as much as they want. And even after 188 00:12:48.759 --> 00:12:54.399 they manipulate the inflation rate and bump it down so dramatically, uh, it's 189 00:12:54.840 --> 00:12:58.639 it's still twice what their target rate is, but they're going to raise rates 190 00:12:58.720 --> 00:13:01.480 anyway, but it's still much higher than what they're saying it is. But 191 00:13:01.600 --> 00:13:05.399 you know, when you look at this, you know Powell is saying the 192 00:13:05.399 --> 00:13:07.159 same kind of stuff. He says, Yeah, there's going to be a 193 00:13:07.200 --> 00:13:09.399 lot of disruption, and there's going to be a lot of failures, but 194 00:13:09.440 --> 00:13:13.799 don't worry. It's just the small banks and regional banks, and so it's 195 00:13:13.840 --> 00:13:16.120 manageable, is what he said. And we don't have to worry about the 196 00:13:16.120 --> 00:13:20.440 big banks because that's all they're worried about. But when you look at and 197 00:13:20.600 --> 00:13:24.840 I think the trigger for this, and I think this is what a lot 198 00:13:24.879 --> 00:13:28.840 of period pull are seeing, which is why they're moving into bitcoin and ETF 199 00:13:28.879 --> 00:13:31.399 for anything that is away from the dollar. They see this whole thing is 200 00:13:31.519 --> 00:13:35.639 just you know, freezing up, and we've got to get something that is 201 00:13:35.720 --> 00:13:41.279 outside of this. We just had on Monday on the eleventh, this program 202 00:13:41.360 --> 00:13:46.360 that they had put together to help some of these banks that were in trouble. 203 00:13:46.399 --> 00:13:50.039 They just brought it to an abrupt end. And so interestingly enough, 204 00:13:50.080 --> 00:13:54.120 on the fourth anniversary of the World Health Organization declaring a global pandemic when there 205 00:13:54.159 --> 00:13:58.960 wasn't one. These people are pulling out the rug from you know, the 206 00:14:00.080 --> 00:14:01.320 these banks have been relying on. That was one of the reasons why they 207 00:14:01.320 --> 00:14:05.159 know it's going to be five hundred banks failing. Because they're ending that program. 208 00:14:05.240 --> 00:14:09.039 They're not worried about it, but it's going to create massive unrest. 209 00:14:09.080 --> 00:14:11.159 As you point out, people are looking for any kind of a haven outside 210 00:14:13.000 --> 00:14:16.559 of the dollar though. Well, you know, I looked at some of 211 00:14:16.559 --> 00:14:20.840 that intel and we discussed last week there might be an issue on the eleventh 212 00:14:20.879 --> 00:14:24.039 because that program was ending. And I woke up early on the eleventh and 213 00:14:24.559 --> 00:14:31.320 I wired out every single invoice that I needed to pay everybody who paid me. 214 00:14:31.600 --> 00:14:33.679 I got to the trading floor, I got it off my balance. 215 00:14:33.679 --> 00:14:35.879 She's by nine am. I wasn't taking any time. I'm not going to 216 00:14:35.960 --> 00:14:39.799 let be left hold in the bag, especially for my customers. I've sent 217 00:14:39.919 --> 00:14:43.080 everything out to the trading floor, paid every single invoice and got it to 218 00:14:43.200 --> 00:14:48.120 zero because we don't know from Indeed, these are very uncertain times, and 219 00:14:48.159 --> 00:14:52.639 so building something outside of the system absolutely imperative. And of course they're gonna 220 00:14:52.600 --> 00:14:58.799 they're always they're going to blame this on every day, you know, the 221 00:14:58.360 --> 00:15:01.639 small business, the regional banks, and they're going to say, well, 222 00:15:01.720 --> 00:15:05.960 we need more regulation. And the more regulation is just we need to help 223 00:15:07.000 --> 00:15:09.279 these bigger banks. They're your friend, you know, they're not lending to 224 00:15:09.360 --> 00:15:13.000 people, and that's the thing. The way to control is more and more 225 00:15:13.039 --> 00:15:18.000 consolidation. They're going to continue to back these big banks and leave these smaller 226 00:15:18.000 --> 00:15:20.879 and regional banks out to drive. Yes, yeah, absolutely. As a 227 00:15:20.879 --> 00:15:22.159 matter of fact, there was one article I saw what they're talking about Javier 228 00:15:22.240 --> 00:15:28.519 Malai and Argentina said, okay, so he's you know, he's he says 229 00:15:28.559 --> 00:15:31.120 he's tying it all to the dollar. He had said when he was running. 230 00:15:31.399 --> 00:15:35.440 He said, yeah, I understand the problem with the American Central Bank 231 00:15:35.480 --> 00:15:39.799 Federal Reserve, but he said our central bank is even worse. And this 232 00:15:39.919 --> 00:15:43.559 is just a pivot move, for temporary move or something like that. But 233 00:15:43.600 --> 00:15:46.720 they said, so what is everybody else going to do? What are Americans 234 00:15:46.720 --> 00:15:52.480 going to do when there's no other currency that we can go to to prop 235 00:15:52.519 --> 00:15:54.840 it up? That's a bigger thing. And he said, that's that's why 236 00:15:54.000 --> 00:16:00.399 everybody's moving into the ETF bitcoin ETFs and bitcoin and gold and silver and things 237 00:16:00.399 --> 00:16:07.639 like that, because everybody is getting very afraid of this system that is teetering 238 00:16:07.080 --> 00:16:14.000 on collapse and is imminent even according to the people who are running the system 239 00:16:14.080 --> 00:16:17.039 and pulling the levers. But you know, it's also interesting, I think, 240 00:16:17.320 --> 00:16:22.879 to see how all of this is focusing people towards the CBDC and New 241 00:16:22.879 --> 00:16:29.879 South Wales where we had Gladys Bearjiclian, one of the worst of the COVID 242 00:16:30.039 --> 00:16:33.840 tyrants and her party. To remind everybody, her party present itself as a 243 00:16:33.840 --> 00:16:37.879 libertarian party. They call them liberals, but you know that's we use the 244 00:16:37.919 --> 00:16:42.200 term libertarian here because the liberals stole that word. But they were the Liberal 245 00:16:42.200 --> 00:16:45.919 Party, so they were supposed to be about individual liberty and they were the 246 00:16:45.919 --> 00:16:49.440 ones who were some of the worst tyrants. Now they're pushing to consolidate payments, 247 00:16:49.480 --> 00:16:55.039 even more so in New South Wales into a central currency, and in 248 00:16:55.159 --> 00:16:59.600 Nigeria, where they've been struggling to impose this CBDC thing, is one of 249 00:16:59.600 --> 00:17:02.799 the the first countries. You and I have talked about that many times. 250 00:17:02.919 --> 00:17:06.559 They're now really leaning on binance and they're saying, you got to give us 251 00:17:06.599 --> 00:17:08.599 all the information on your top one hundred customers, and we want you to 252 00:17:08.599 --> 00:17:14.759 turn over all the transactions from the last six months. What do you think 253 00:17:14.839 --> 00:17:18.160 is going to happen with this army of IRS agents that Biden and the Republicans 254 00:17:18.240 --> 00:17:22.000 want to send against us in the next couple of years. Well, that 255 00:17:22.160 --> 00:17:26.759 they're building an army for a war. That's right. I mean, it's 256 00:17:26.799 --> 00:17:29.799 a war on the American people. It's a war on people all around the 257 00:17:29.839 --> 00:17:33.519 world from their governments. They want to control all financial transactions that they don't 258 00:17:33.559 --> 00:17:37.920 look at what Black Rock's doing, or these multinationals or any of these Wall 259 00:17:37.920 --> 00:17:41.519 Street criminals. Don't look at what they're doing. We don't follow the money 260 00:17:41.519 --> 00:17:45.240 there. We only follow your six hundred dollars venmo transactions. That's what that 261 00:17:45.400 --> 00:17:49.880 army of virus. The income tax was never about fair share or anything. 262 00:17:49.920 --> 00:17:55.279 It was built by the wealthy. I don't know. When you know history, 263 00:17:55.279 --> 00:17:57.079 it's like living in the twilight zone. Like you realize as a progressive 264 00:17:57.119 --> 00:18:00.960 that the world's richest people they made a foundations that they exempted themselves, and 265 00:18:02.000 --> 00:18:04.480 they gave you the sixteenth Amendment, which is the income tax, and it's 266 00:18:04.519 --> 00:18:08.079 a it's a way for the rich, the most powerful to control you. 267 00:18:08.200 --> 00:18:12.400 So they use and you know, it's funny the same way they built these 268 00:18:12.440 --> 00:18:15.720 platforms for speech, David, Like, you know, you've been kicked off 269 00:18:15.759 --> 00:18:19.079 YouTube. I've been kicked off YouTube. You know you go to but it 270 00:18:19.240 --> 00:18:22.119 used to be websites or Facebook, you know, you go, you go, 271 00:18:22.400 --> 00:18:26.039 same thing, Facebook, Twitter, all that used to be websites. 272 00:18:26.039 --> 00:18:29.960 And they draw you into these things and it's all free and it looks like 273 00:18:30.000 --> 00:18:32.799 it's working really well and you're connecting and all of a sudden, no, 274 00:18:32.880 --> 00:18:37.079 you're you're curated, you know, like like Tim Cook says, you know, 275 00:18:37.079 --> 00:18:40.480 we're going to cure. We're a curator system for podcasts, and so 276 00:18:40.519 --> 00:18:42.880 they curate. Well, they're doing the same thing with crypto in a lot 277 00:18:42.880 --> 00:18:47.839 of ways. I love the crypto space, but you know it when it 278 00:18:47.880 --> 00:18:51.960 becomes more mainstream, when these websites start, you know, bowing down and 279 00:18:52.000 --> 00:18:55.000 we're going to be regulated, and we're you know, look at the SEC 280 00:18:55.279 --> 00:19:00.119 and whatever whatever regulatory agency, and they're not standing up for freedom because this 281 00:19:00.240 --> 00:19:03.640 is a you know, a token system is is just meant to be peer 282 00:19:03.640 --> 00:19:06.680 to peer. It has nothing to do with you know, with the government, 283 00:19:06.759 --> 00:19:10.519 has nothing to do well that's what they're being built to bring you in 284 00:19:10.559 --> 00:19:14.160 there, and then they're going to bring the hammer down if you don't comply. 285 00:19:14.680 --> 00:19:19.000 And so not everything in crypto is is equal, right, Not everything 286 00:19:19.079 --> 00:19:23.640 is built on the same system or the same philosophy of the of the cipher 287 00:19:23.640 --> 00:19:27.839 punks and the cryptography that was built to make things like bitcoin. So again 288 00:19:27.920 --> 00:19:32.599 that's not it's not all the same ecosystem, but they're going to use that. 289 00:19:32.920 --> 00:19:34.960 And I think that, you know, the same thing with the ft 290 00:19:36.279 --> 00:19:38.680 X and all that, that was a test balloon to see how people would 291 00:19:38.720 --> 00:19:42.519 react. They shut down the silver Gate Bank. There was nothing wrong with 292 00:19:42.559 --> 00:19:45.640 it. We talked about that, there was nothing wrong with so I used 293 00:19:45.640 --> 00:19:49.279 to wire silver Gate for for my bitcoin and they were particularly solvent, and 294 00:19:49.279 --> 00:19:52.079 they were completely solvent. There was nothing wrong with but they touched there was 295 00:19:52.759 --> 00:19:57.519 it touched something that if you look at it the same Sam bankman Fried stuff, 296 00:19:57.680 --> 00:20:00.400 this looks such so much like a setup, like how did that guy 297 00:20:00.400 --> 00:20:04.319 ever have the amount of the amount of funds that he supposedly have, you 298 00:20:04.319 --> 00:20:07.000 know, and all funnels back to Ukraine, all these things, but they 299 00:20:07.119 --> 00:20:11.559 use that. I think that's the same thing with some of these larger crypto 300 00:20:11.680 --> 00:20:18.440 exchanges and some when they have political ties again people get involved with it. 301 00:20:18.000 --> 00:20:22.720 It crashes there. This isn't this is a problem in the crypto space right 302 00:20:22.759 --> 00:20:26.799 now. There's mean coins that are going up. I mean they have Joe 303 00:20:26.839 --> 00:20:30.640 Bowden, the coin they have trump coin is up four hundred percent, or 304 00:20:30.640 --> 00:20:36.720 some crazy thing which is a mean coin. They have a coin based on 305 00:20:36.880 --> 00:20:40.400 Elizabeth Warren that I won't say what the name of it is on air, 306 00:20:40.440 --> 00:20:41.960 but that they have. They have a whole bunch of these things. And 307 00:20:41.960 --> 00:20:47.200 they're not they don't mean anything, they're just but people are excited because of 308 00:20:47.240 --> 00:20:52.720 the Bitcoin ETFs. It appears if you watch the financial networks that everything's great 309 00:20:52.720 --> 00:20:56.599 and there's lots of liquidity. But watch out when they pull the plug. 310 00:20:56.839 --> 00:21:00.319 Who gets blamed? You know, if there's a if there's an especially is 311 00:21:00.359 --> 00:21:03.920 bitcoin's driving up. And I'm a believer in bitcoin, but if bitcoin keeps 312 00:21:03.000 --> 00:21:07.319 driving up, if people get hurt, if there is a collapse in some 313 00:21:07.480 --> 00:21:11.359 way and all this inflow and outside you know, these retirement funds, and 314 00:21:11.480 --> 00:21:17.400 if this is a collapse of the total crypto ecosystem, which it could be 315 00:21:18.240 --> 00:21:21.480 even in the short run, well there's going to be a blame, and 316 00:21:21.519 --> 00:21:22.680 the blame will be on crypto. And how do we fix that? How 317 00:21:22.680 --> 00:21:26.480 do we fix all your money problems? Will we give you a central bank 318 00:21:26.519 --> 00:21:29.920 digital currency? We need the we need the adults in charge, you know, 319 00:21:29.960 --> 00:21:33.680 we need somebody with a regulatory mind to come in and and fix all 320 00:21:33.720 --> 00:21:37.440 this and we'll make up for it. That's what I'm afraid of, whether 321 00:21:37.480 --> 00:21:44.400 it's a banking crisis or a crypto crisis, or or economically. They'll fuse 322 00:21:44.400 --> 00:21:47.680 it together and they use it. They've trained people with that. You know. 323 00:21:47.720 --> 00:21:52.039 It's like remember when the woof flu hit us and how we helped you 324 00:21:52.079 --> 00:21:53.839 out with the stimulus checks. Well, that's just what this is now, 325 00:21:55.240 --> 00:21:56.920 except it's going to be a little bit easier for us to get you this 326 00:21:57.000 --> 00:22:00.640 money. We can do it faster with a CBDC and all or so, 327 00:22:00.640 --> 00:22:03.680 so just take the number. Yeah, they got everybody accustomed to all of 328 00:22:03.680 --> 00:22:07.599 that stuff. And you know when we look at like you said, you 329 00:22:07.599 --> 00:22:11.480 know, uh, bitcoin can can crash, regardless of whether or not that's 330 00:22:11.519 --> 00:22:15.119 real. Look at the dot com bust, right, all of that stuff 331 00:22:15.480 --> 00:22:18.880 was you know, the internet was a real thing. And just as we 332 00:22:18.920 --> 00:22:22.319 see now also with AI. You know, we've got AI, we've got 333 00:22:22.799 --> 00:22:27.440 bitcoin. Those are things that people are going to be able to leverage. 334 00:22:29.000 --> 00:22:32.000 You know, the bitcoin is going to be there, and people can make 335 00:22:32.000 --> 00:22:36.640 a lot of money from AI whatever. But but the bottom line is that 336 00:22:36.640 --> 00:22:38.920 that was all there with dot com. You know, you knew that the 337 00:22:38.960 --> 00:22:41.119 Internet was coming, that it was going to be big, but it got 338 00:22:41.119 --> 00:22:45.039 out of it got out ahead of itself, turned into a bubble, and 339 00:22:45.599 --> 00:22:51.160 they used that to get people afraid of it and to all jump out of 340 00:22:51.200 --> 00:22:53.200 the market at the same time. And people that's what I'm afraid of, 341 00:22:53.319 --> 00:22:59.039 Yeah, exactly, I'm afraid of because it brings in regulation. It allows 342 00:22:59.359 --> 00:23:03.480 those who have innovated and put their lives and fortunes on the line to to 343 00:23:03.519 --> 00:23:07.119 bring something to market, who truly believed in something, they're going to be 344 00:23:07.160 --> 00:23:10.000 vulnerable, and they're going to be vulnerable to be bought up. That's what 345 00:23:10.079 --> 00:23:14.680 happened with the dot com revolution and the Internet, and again it got consolidated 346 00:23:14.720 --> 00:23:18.440 into what we see now, which is kind of a hellscape, a dystopia 347 00:23:18.920 --> 00:23:23.720 that we're you know, slowly the gears turning down speech, throttling anybody that 348 00:23:23.759 --> 00:23:26.319 can be seen that wants to just have, you know, have their own 349 00:23:26.359 --> 00:23:32.079 opinion again curating, like Tim Cook says, that's the same thing. I'm 350 00:23:32.119 --> 00:23:34.559 a firm believer in the crypto space. I've been in it since twenty sixteen. 351 00:23:34.640 --> 00:23:37.920 I'm also a gold and silver guy. I believe I'm precious metals first, 352 00:23:38.079 --> 00:23:41.599 but I think in the in technology and where we're headed, if you 353 00:23:41.640 --> 00:23:45.480 wanted to have any innovation at all, it's the energy is in crypto, 354 00:23:45.559 --> 00:23:51.119 it's it's the future. It's the future if. And that's there's a there's 355 00:23:51.160 --> 00:23:56.319 a question question mark hanging over all of this, and that's why I'm I'm 356 00:23:56.359 --> 00:24:00.000 not a pessimist per se, but I am skeptical. When there's so much 357 00:24:00.039 --> 00:24:03.680 much going on and things that don't make sense, I call attention to it. 358 00:24:03.920 --> 00:24:07.480 I don't want to just be an outright cheerleader and say all of it's 359 00:24:07.519 --> 00:24:11.640 good. It's you know, and there's that phrase in the crypto space, 360 00:24:11.680 --> 00:24:14.440 it's just number go up, you know, number go up, and that's 361 00:24:14.519 --> 00:24:18.240 what people look to. And I'm not sure that that's really the purpose of 362 00:24:18.279 --> 00:24:21.759 it is not really number go up. The purpose of it is to build 363 00:24:21.799 --> 00:24:26.039 something outside of the corrupt Fiat system. Yeah, and that was the goal 364 00:24:26.079 --> 00:24:29.519 from the beginning. It's the same thing that gold bugs have always talked about, 365 00:24:29.559 --> 00:24:32.200 or silver bugs. We don't want to be part of this. And 366 00:24:32.240 --> 00:24:36.200 you know, if Richard Nixon hadn't taken us off the gold standard in nineteen 367 00:24:36.279 --> 00:24:38.200 seventy one, would there be a bitcoin? Would that really be a thing? 368 00:24:38.519 --> 00:24:42.640 Well, I mean I wouldn't have a business, there would be what 369 00:24:42.680 --> 00:24:45.119 would gold be doing. It would be doing thirty five dollars an ounce, 370 00:24:45.119 --> 00:24:48.759 and we'd have a completely different looking country. We'd have a different world. 371 00:24:51.079 --> 00:24:53.559 It's a thought experiment. I'd love to see what it would look like, 372 00:24:53.839 --> 00:24:57.920 you know, just for curiosity's sake. But none of these things would exist 373 00:24:57.960 --> 00:25:02.839 if we had any semblance of real money, and we do not. I 374 00:25:02.880 --> 00:25:07.279 agree. Yeah. I talked to Aaron Day about his you know, he 375 00:25:07.559 --> 00:25:11.559 ran briefly for president so he could try to bring attention to the CBDC issue. 376 00:25:12.000 --> 00:25:15.759 And he says, you know, get into gold coin of gold and 377 00:25:15.799 --> 00:25:18.759 silver and bitcoin and other things like that. But he said, you know, 378 00:25:18.799 --> 00:25:21.519 with bitcoin, he was early adopter of it. He said, we 379 00:25:21.559 --> 00:25:23.240 turned that corner at one point. It was all set up to be what 380 00:25:23.279 --> 00:25:27.559 you were just talking about an alternative system, an alternative payment system, and 381 00:25:27.599 --> 00:25:33.119 then he said it turned into a speculative asset. And you know, the 382 00:25:33.160 --> 00:25:36.039 big banks and other people that had a big part to play in that. 383 00:25:36.400 --> 00:25:38.640 Now they're doing that with steer on steroids. I mean, when you look 384 00:25:38.680 --> 00:25:44.440 at the CTF thing, that's turning it into a speculative asset on steroids, 385 00:25:44.920 --> 00:25:48.880 and I don't know what happens with it in terms of, you know, 386 00:25:48.920 --> 00:25:56.039 some kind of an alternative currency. But going forward with all this, looking 387 00:25:56.079 --> 00:25:59.319 at the debt, you know, there's an article this week, this is 388 00:25:59.559 --> 00:26:03.960 from re And magazine the White House as are going to borrow sixteen trillion dollars 389 00:26:03.960 --> 00:26:07.000 over the next decade. Yeah, and that ridiculous. As you point out, 390 00:26:07.000 --> 00:26:11.920 they're going up every ninety days by a trillion dollars. And you're talking 391 00:26:11.920 --> 00:26:15.920 about over the next decade. Are you serious that it is going to be 392 00:26:15.000 --> 00:26:19.160 way way more than that. Is going to explode and implode long before that 393 00:26:19.240 --> 00:26:23.920 happens. But they really don't care, and just take a look at the 394 00:26:25.400 --> 00:26:33.440 irs and the fact that they're going up at trillion dollars in the cumulative debt 395 00:26:33.599 --> 00:26:38.400 every ninety days. They're not anywhere close to bringing it to funding the government 396 00:26:38.519 --> 00:26:44.000 with taxes of any sort, including the income tax. It's simply there to 397 00:26:44.119 --> 00:26:47.880 keep us from being able to accumulate any wealth, to keep us in our 398 00:26:47.880 --> 00:26:51.799 place. That's why the income taxes is there. It's not there to fund 399 00:26:51.839 --> 00:26:55.680 the government as most people think. It's there to soft the rungs of the 400 00:26:55.759 --> 00:27:00.200 ladder that you can't climb up. It's the curse of nineteen thirteen with the 401 00:27:00.240 --> 00:27:06.359 sixteenth Amendment in place, which is the income tax completely outside of our heritage, 402 00:27:06.480 --> 00:27:10.759 our constitution, the intent of our founding fathers, I mean, and 403 00:27:10.880 --> 00:27:14.839 it's and it's ridiculous, It doesn't make sense. The income tax is there 404 00:27:15.519 --> 00:27:18.119 just to punish you. It's just to make sure that you cannot compete with 405 00:27:18.279 --> 00:27:22.599 the world's richest people who really run everything. You know, you look at 406 00:27:22.160 --> 00:27:27.000 Paul Warburg, who that's the they based the character Daddy Warbucks off in Little 407 00:27:27.079 --> 00:27:30.200 or Finani, you know, and if you watch the movie or watch the 408 00:27:30.240 --> 00:27:33.599 play, you know he calls up Franklin Roosevelt and tells him what to do. 409 00:27:34.079 --> 00:27:37.880 That was. You know, people back in that time frame they really 410 00:27:37.960 --> 00:27:41.440 knew things, didn't They really understood who these people were, you know, 411 00:27:41.519 --> 00:27:47.440 the Warburgs. His brother Max Warburg was the head of the Central Bank in 412 00:27:47.440 --> 00:27:49.319 Germany at the same time. We're supposed to be mortal enemies in World War 413 00:27:49.359 --> 00:27:53.359 One. Yeah, and they put these things in place and things like being 414 00:27:53.400 --> 00:27:59.599 cometax. Max gave Vladimir Lennon ten million dollars in gold and put them on 415 00:27:59.599 --> 00:28:02.960 a sill crane to start the Russian Revolution. Yeah, that's exactly right. 416 00:28:03.000 --> 00:28:06.599 Same thing in this country. We had Leon Trotsky was a newspaper reporter in 417 00:28:06.640 --> 00:28:08.680 New York, and they loaded him down with gold and Woodrow Wilson, as 418 00:28:08.720 --> 00:28:12.200 matter of fact, pushed his passport make sure he got out of Canada. 419 00:28:12.200 --> 00:28:15.559 He was able to get through and get onto Russia to start the revolution. 420 00:28:15.720 --> 00:28:19.920 This is because he was had a banker handler, you know, a Colonel 421 00:28:19.920 --> 00:28:23.200 mandel House who lived with him in the White House, kind of like Harry 422 00:28:23.200 --> 00:28:29.440 Hopkins did with Franklin Roosevelt. So no, they built these This is a 423 00:28:29.519 --> 00:28:33.279 system built by the world's most powerful, richest people to make sure that you're 424 00:28:33.319 --> 00:28:38.119 a dead slave. Sixteenth Amendment was there to make sure that you never are 425 00:28:38.160 --> 00:28:44.400 able to compete with them again. Who has reached the pinnacles of anybody like 426 00:28:44.440 --> 00:28:48.079 a Warburg in this country. I can't think of anybody that's you know, 427 00:28:48.160 --> 00:28:55.240 these who's our JP Morgan, It's not Elon Musk? You know who is 428 00:28:55.279 --> 00:28:57.960 it? You know, we haven't reaped. There's been nobody to reach these 429 00:28:59.000 --> 00:29:02.960 heights of wealth. And and like they did in that timeframe, those who 430 00:29:03.000 --> 00:29:06.880 met at Jekyl Island, the Rockefelders, who's our Rockefellder? Nobody? You 431 00:29:06.880 --> 00:29:10.960 know that. We just have these these puppets like Bill Gates and Alon Musk 432 00:29:11.000 --> 00:29:14.680 and others. Nobody reaches these types of the types of wealth. And because 433 00:29:14.759 --> 00:29:18.079 that's what this income tax was designed to do. It's just slow you down, 434 00:29:18.160 --> 00:29:21.720 grind you down. You can't. You can't. You know, the 435 00:29:21.759 --> 00:29:26.519 regulation who understands it? You know what's taxable, what's not? They don't 436 00:29:26.559 --> 00:29:29.759 even they'll admit they don't understand it. So we're all. You know, 437 00:29:29.880 --> 00:29:33.680 It's one of the reasons I have my one of my sponsors in my show 438 00:29:33.720 --> 00:29:36.200 is Legal Shield. I've been with them for twenty plus years. They've got 439 00:29:36.200 --> 00:29:38.200 audit protection built into their membership. You get audited, you got to. 440 00:29:38.319 --> 00:29:44.119 You got a law firm on your side. But again, not this is 441 00:29:44.240 --> 00:29:48.640 this is coming with eighty seven thousand, and the Republicans slow that down, 442 00:29:48.680 --> 00:29:52.039 and all I forgot. I know they're busy banning TikTok. That's which which 443 00:29:52.279 --> 00:29:55.839 you can ban TikTok, but not that right, that's right in and of 444 00:29:55.880 --> 00:29:57.559 itself. I mean, that's a very dangerous thing. You know, we've 445 00:29:57.559 --> 00:30:03.519 had this is a new thing for Congress to essentially go out and ban some 446 00:30:03.640 --> 00:30:10.200 application or website or business or whatever, over and above the free speech issues 447 00:30:10.200 --> 00:30:15.920 that are there. But so what is on your purview in terms of last 448 00:30:15.920 --> 00:30:18.680 week we were talking about record highs and we're still seeing some record highs. 449 00:30:18.680 --> 00:30:25.000 I guess for a bitcoin, things kept pushing up with gold got close to 450 00:30:25.559 --> 00:30:27.680 twenty two hundred, didn't it before it fell back? It did, and 451 00:30:27.799 --> 00:30:33.400 I think we might see a dip and some sell off in both medals in 452 00:30:33.440 --> 00:30:36.720 the short run, But in the long run, that's what we're moving to, 453 00:30:36.839 --> 00:30:41.200 a revaluation of commodities. The Bridge nations, they're pushing for new pricing 454 00:30:41.279 --> 00:30:47.079 and commodities because they get that there's suppression in the precious metals markets because of 455 00:30:47.119 --> 00:30:49.599 the dollar has been at war with gold since we went off the gold standard 456 00:30:49.640 --> 00:30:52.559 in nineteen seventy one. I mean it's a natural enemy. Gold was up 457 00:30:52.599 --> 00:30:56.880 two percent in the seventies, not because it went up in the value, 458 00:30:56.960 --> 00:31:00.000 but because the dollar lost purchasing power. Again, we're when you reach the 459 00:31:00.119 --> 00:31:06.079 end of a currency, and I'm not sure we've ever seen anything quite like 460 00:31:06.160 --> 00:31:07.559 what we're watching right now. When we talk about, you know, every 461 00:31:07.640 --> 00:31:11.039 ninety days, the debt going up a trillion dollars, it reminds me of 462 00:31:11.079 --> 00:31:15.000 something that the speech writer for Nixon, Herbert Stein. They call it Herbert 463 00:31:15.000 --> 00:31:18.920 Stein's law. He said, when something cannot go on forever, it will 464 00:31:18.960 --> 00:31:22.400 stop. Well, this will go this will stop because it cannot go on 465 00:31:22.480 --> 00:31:26.400 forever. So I think we're going to see more and more and again. 466 00:31:26.839 --> 00:31:29.759 I want to go to the Bitcoin ETF and I listen to a lot of 467 00:31:29.799 --> 00:31:33.359 podcasts and those who are in the crypto space that are really excited. I 468 00:31:33.359 --> 00:31:37.480 don't want to rain on your parade because I'm early adoption of bitcoin. For 469 00:31:37.559 --> 00:31:40.759 me in my life, I've been a fan. I just have a problem. 470 00:31:40.759 --> 00:31:44.599 When Larry Fink of Blackcroc comes out, there's only one or two possibilities. 471 00:31:44.880 --> 00:31:48.400 Either he's giving it its blessing to kill it, and he wants you 472 00:31:48.440 --> 00:31:52.400 to just take this thing like because that's where our mind naturally goes with these 473 00:31:52.440 --> 00:31:55.279 type of people. It's like, are you is it a poison pill? 474 00:31:55.599 --> 00:31:57.759 We want to wreck the whole thing so we can replace it with something else, 475 00:31:57.839 --> 00:32:01.240 kind of a creative pruction, like we bless it, it blows up, 476 00:32:01.400 --> 00:32:05.759 and now we give you the Central Bank digital currency. Because those who 477 00:32:05.799 --> 00:32:09.519 control the money supply, like Mayor i'mshel Rothstyles said, you know, I 478 00:32:09.559 --> 00:32:13.680 care not who sits on the British stone. The person who controls the British 479 00:32:13.720 --> 00:32:16.279 Empire is the person who controls the British money supply. I control the British 480 00:32:16.319 --> 00:32:20.559 money supply. That was in the nineteenth century. So you wonder, you 481 00:32:20.599 --> 00:32:24.240 know, with the Blackrocks ties to the Fed because of Trump, this was 482 00:32:24.400 --> 00:32:28.559 I mean, the reality is these these big banks have ties to the Federal 483 00:32:28.599 --> 00:32:31.880 Reserve and help manage it and all the intricacies of it. So you wonder 484 00:32:31.880 --> 00:32:37.559 why would they be for something that's outside of that. I have questions. 485 00:32:37.200 --> 00:32:40.480 There's either the possibility is trying to blow it up or he's a true believer. 486 00:32:40.640 --> 00:32:45.200 I don't know. I'm just color me skeptical. I'm going to be 487 00:32:45.279 --> 00:32:49.519 skeptical on that forever, and so I'm never going to truly believe that these 488 00:32:49.559 --> 00:32:52.920 people have seen the light and they believe in you know, sound money or 489 00:32:52.119 --> 00:32:59.559 even just having a finite based commodity system for payments. I don't really buy 490 00:32:59.599 --> 00:33:04.279 it because they're born out of fiat. Everything that goes that's created these new 491 00:33:04.319 --> 00:33:07.440 markets and these megabanks, David, is all fiat fake currency. That's why 492 00:33:07.440 --> 00:33:13.160 there if you look at the consolidation by the wealthy since nineteen seventies, it's 493 00:33:13.400 --> 00:33:16.240 it's massive. In the working class in this country, and the middle class 494 00:33:16.279 --> 00:33:21.680 it's shrinking and declining and wealth. So there's something there's something inherently wrong with 495 00:33:21.720 --> 00:33:24.359 So I'm watching that very closely. I'm also seeing things like you know, 496 00:33:24.400 --> 00:33:30.920 we talked about the market cap of silver being surpassed by bitcoin. I'm not 497 00:33:31.039 --> 00:33:36.319 concerned about that at all, because when you see more and more of the 498 00:33:36.319 --> 00:33:39.319 outflows and things coming from people just around the world getting out of their own 499 00:33:39.400 --> 00:33:45.279 currencies and getting into commodities and getting into things like gold and silver, there's 500 00:33:45.279 --> 00:33:49.920 a place at the table for all commodities, you know, copper land in 501 00:33:49.960 --> 00:33:52.799 this whole era that we're in or you could call it an error like you 502 00:33:52.880 --> 00:33:55.960 usually do. It's an error. There's all of this is fiat and it's 503 00:33:55.960 --> 00:33:59.720 fake and it's coming to an end. I'm going to be tomorrow, but 504 00:33:59.799 --> 00:34:02.759 I think you're going to see more and more consolidation in the commodities markets. 505 00:34:02.799 --> 00:34:07.160 So I'm just preparing. On my side of the business is just to have 506 00:34:07.240 --> 00:34:10.320 supply. That's one of the reasons I have two locations. I needed a 507 00:34:10.360 --> 00:34:15.360 supply chain. What's going to happen to my membership program when I call, 508 00:34:15.480 --> 00:34:20.639 like the first quarter of twenty twenty after March, if you called and locked 509 00:34:20.679 --> 00:34:23.000 in silver with me, it was six weeks out, Wow, and people 510 00:34:23.000 --> 00:34:25.239 couldn't believe it. I'm like, well, I can't help that. That's 511 00:34:25.440 --> 00:34:30.679 just all the resources that I have everywhere in wholesalers, it would be four 512 00:34:30.719 --> 00:34:36.159 to six weeks out for most products. So luckily we're not in that timeframe 513 00:34:36.159 --> 00:34:37.599 anymore, and you can still get supply. It's not as great as it 514 00:34:37.679 --> 00:34:43.440 was before all of this happened before twenty nineteen or so, but that's the 515 00:34:43.519 --> 00:34:46.079 key is going to be supply. I know that the metal dealers that I 516 00:34:46.119 --> 00:34:51.000 respected are in this business that's their number one priorities to make sure people have 517 00:34:51.039 --> 00:34:53.559 supplies. So I've asked that question. You know what happens to my wolfpack 518 00:34:53.639 --> 00:34:57.519 members when I have delays? You know, well, I'll even be able 519 00:34:57.559 --> 00:35:00.400 to continue that program, I hope. So we're working on that right now, 520 00:35:00.440 --> 00:35:05.920 because I do see. It just takes a it just takes a little 521 00:35:05.920 --> 00:35:08.960 push. I mean, we're just right on the edge of something really historic, 522 00:35:09.079 --> 00:35:13.079 and some of it can be good, some of it can be bad. 523 00:35:13.559 --> 00:35:15.800 Uh. You know, we're watching the banking issues, and I tell 524 00:35:15.840 --> 00:35:20.480 you that story, Like I woke up early in the morning on the eleventh, 525 00:35:20.480 --> 00:35:22.559 I had my wire set on both banks and I empty both bank accounts, 526 00:35:22.840 --> 00:35:25.559 and that I really believe. I think there's going to be a banking 527 00:35:25.599 --> 00:35:30.400 crisis. I just have a question. Yeah, it's it's not that I 528 00:35:30.480 --> 00:35:32.760 know. I just have a question. And I'm not going to be hopefully 529 00:35:32.840 --> 00:35:37.679 not caught flat footed because i have responsibilities to people who who are my customers, 530 00:35:37.679 --> 00:35:43.199 are my clients, and so that's what that's what I'm looking towards right 531 00:35:43.199 --> 00:35:45.760 now. David, it's just aving supply. I like your You've got a 532 00:35:45.760 --> 00:35:49.880 lot of experience, You've got a lot of insight into all this as people 533 00:35:49.920 --> 00:35:52.679 can hear, and when we go back and we look at it, as 534 00:35:52.679 --> 00:35:55.239 everybody says, history doesn't repeat but at rhymes of course, right, And 535 00:35:55.559 --> 00:36:00.760 it just seems to me like we saw this massive wealth destruction with real estate 536 00:36:00.840 --> 00:36:06.559 that so many of the middle class had in terms of wealth, wealth destruction 537 00:36:06.639 --> 00:36:09.320 because of this pump and dump that they did in the mid two thousands. 538 00:36:09.800 --> 00:36:15.840 And a large component of that that allowed them to do it was this derivative 539 00:36:15.840 --> 00:36:19.360 instrument that they created. And so I look at this and I've seen for 540 00:36:19.360 --> 00:36:22.719 the longest time people are saying, well, you know, the younger generations, 541 00:36:22.639 --> 00:36:27.639 they find it difficult to get into real estate and housing and get the 542 00:36:27.719 --> 00:36:30.280 capital to get started in that. A lot of them are building wealth on 543 00:36:30.400 --> 00:36:35.159 crypto, especially bitcoin. Oh okay, so we're going to do a derivative 544 00:36:35.199 --> 00:36:37.880 on bitcoin. It's like, I don't know if that's what that's about or 545 00:36:37.920 --> 00:36:39.719 not, but it's just, you know, I look at it. It's 546 00:36:39.719 --> 00:36:44.880 like, are so they're going to try to is this a big ropidope thing 547 00:36:44.920 --> 00:36:47.760 to destroy people's wealth, you know, by bringing in this derivative stuff, 548 00:36:47.760 --> 00:36:53.440 because that just allows them to manipulate things to you know, an amazing degree. 549 00:36:53.440 --> 00:36:57.760 As you and I have talked about for the longest time, the ETFs 550 00:36:57.880 --> 00:37:02.440 for gold and silver, allowing them to manipulate prices for that, bringing in 551 00:37:02.840 --> 00:37:07.760 this this massive rush into bitcoin with these ETFs that really just I don't know, 552 00:37:07.840 --> 00:37:12.719 my spidy senses are tingling. It's all mine too, yeah, yeah, 553 00:37:13.320 --> 00:37:15.159 And I think you feed the old system by doing it. I mean 554 00:37:15.519 --> 00:37:21.360 you go, look something our buckminster Fuller talked about said, don't fight the 555 00:37:21.400 --> 00:37:23.360 old system, you just give it energy. Just go build the new one, 556 00:37:23.679 --> 00:37:27.559 you know. And that's that's a lot of the innovators and the futurists 557 00:37:27.639 --> 00:37:30.119 and people that you know, want to create a better tomorrow. That's the 558 00:37:30.159 --> 00:37:34.920 people that have followed our buckminster Fuller, you know, the the uh who 559 00:37:35.000 --> 00:37:37.800 have to talk about him sometimes. He's an interesting figure, you know, 560 00:37:37.840 --> 00:37:39.760 he had to He created the Bucky, the buckey ball, you know, 561 00:37:42.039 --> 00:37:45.679 the geodesic dome and all that. He's a genius. But he talked a 562 00:37:45.679 --> 00:37:50.119 lot about finances, and he wrote a book right before he passed away in 563 00:37:50.159 --> 00:37:54.039 the eighties called Grunch of Giants, and it was the gross Universal Cash Heist, 564 00:37:54.840 --> 00:38:00.559 and he talked about how the richious people were stealing the wealth through the 565 00:38:00.639 --> 00:38:02.960 money supply, right, This is this guy's a genius. He was telling 566 00:38:04.039 --> 00:38:07.719 that, you know, just talking about concepts to try and explain it to 567 00:38:07.159 --> 00:38:10.960 the everyday person because you can't see it. You can't see your slavery. 568 00:38:10.960 --> 00:38:15.840 It's built by these same people. So when you're absolutely right, my spider 569 00:38:15.920 --> 00:38:17.519 sense is when you know history and you have some of these same people saying, 570 00:38:17.519 --> 00:38:20.800 well, the bitcoin's great, we're going to make an atf out of 571 00:38:20.840 --> 00:38:23.320 it, and I say, well, that's interesting. This should be your 572 00:38:23.880 --> 00:38:28.360 like why would you feed it? And so I have questions and you know, 573 00:38:28.519 --> 00:38:31.679 again not always right with our pessimism, but it is something to be 574 00:38:31.760 --> 00:38:36.599 cautious about. Yea. And that would be absolutely because it really tracks back 575 00:38:36.639 --> 00:38:39.000 to something that could be a controlled demolition. We know that they like to 576 00:38:39.039 --> 00:38:44.199 control the demolished things, don't they, David, Yeah, that's what looks 577 00:38:44.239 --> 00:38:47.320 like they are help meant to do everything in our society. It's always great 578 00:38:47.320 --> 00:38:50.760 talking to you, Tony, and as you're pointing out, you know, 579 00:38:50.800 --> 00:38:53.039 in terms of supply, that is going to really I think you're right, 580 00:38:53.039 --> 00:38:57.000 it's going to be the key thing. It's good that you are on top 581 00:38:57.039 --> 00:38:59.760 of that. Any specials or anything like that you want to talk about it. 582 00:39:00.239 --> 00:39:05.679 Wisewolf, well, we've got the seventeen seventy six promo over on Wolfpack 583 00:39:05.719 --> 00:39:07.400 dot Gold. We go to David Night got gold and click the link so 584 00:39:07.440 --> 00:39:13.039 we can you can support David through there. We always support David through Wisewolf 585 00:39:13.039 --> 00:39:19.000 and wolf Pack and seventeen seventy six promo for free Silver. I've have some 586 00:39:19.000 --> 00:39:21.880 announcements here in the next couple of weeks. We've got some great stuff going 587 00:39:21.920 --> 00:39:27.559 on at wolf Pack and some new specials, and we added a new tier. 588 00:39:28.480 --> 00:39:31.280 It's called Zenwolf. I don't think I've announced that over here. Zenwolf 589 00:39:31.360 --> 00:39:36.039 is the highest level. I'm not making any more Wolves that we reached. 590 00:39:36.079 --> 00:39:38.400 I thought Sage Wolf would be the last tier, which was one thousand a 591 00:39:38.400 --> 00:39:43.599 month, and people started buying multiple Sages and I'm like, well, okay, 592 00:39:43.639 --> 00:39:47.159 well I'll go to another tier up. And so what we do is 593 00:39:47.159 --> 00:39:51.760 we have Zenwolf. It's treated a little bit differently. I sometimes, if 594 00:39:51.840 --> 00:39:54.519 you know, people can select, We've made it to where they can select 595 00:39:54.559 --> 00:39:59.559 all gold, all silver. It's not as we have to create these other 596 00:39:59.599 --> 00:40:02.440 invoices. Is in bulk, but Zenwolf's interesting. If you're interested, if 597 00:40:02.440 --> 00:40:06.320 you've got you know, if you're looking at the dollar cost average over the 598 00:40:06.360 --> 00:40:08.599 next two or three months or six months, you should check out Zenwolf because 599 00:40:08.639 --> 00:40:10.719 you can go all the way up to five thousand. It doesn't mean you 600 00:40:10.719 --> 00:40:14.840 have to make it automatic. You can do one time purchases, but that's 601 00:40:14.840 --> 00:40:16.119 a good you know, if you just want to have me go buy it 602 00:40:16.159 --> 00:40:20.320 for you, then that's one way to do it. And so we're just 603 00:40:20.320 --> 00:40:23.519 trying to make some make it easier for people over on wolf Pack, and 604 00:40:23.559 --> 00:40:27.559 you can do direct purchases all the way down to even if you want to 605 00:40:27.559 --> 00:40:30.119 buy somebody a gift and buy them a wolf cup at thirty five, you 606 00:40:30.119 --> 00:40:31.559 can do one time. You want to do a membership, that's great, 607 00:40:31.719 --> 00:40:37.559 that's great. I like the original thinking. And you're doing everything that you 608 00:40:37.599 --> 00:40:40.239 can to try to help customers. Make sure you've got supply, make sure 609 00:40:40.280 --> 00:40:45.199 that you've got a lot of different programs to feed different levels. That's something 610 00:40:45.199 --> 00:40:47.840 I've always liked about what you do with wolf Pack. It's always great to 611 00:40:47.840 --> 00:40:50.880 have you on, Tony. Thank you so much for coming on. And 612 00:40:50.880 --> 00:40:53.760 again people can get to wise Wolf goal by going to David Knight dot goal. 613 00:40:53.880 --> 00:40:58.039 Let Tony know that I sent you so thank you, Al and I 614 00:40:58.079 --> 00:41:00.920 would say too, thank you David and my show. We'll be live. 615 00:41:00.960 --> 00:41:05.320 We're going to be live on the Rock Finn channel on America unplugged on that 616 00:41:05.400 --> 00:41:09.559 channel here at eleven am Central time, so here in like the forty one 617 00:41:09.599 --> 00:41:14.760 minutes, we'll be live in Freeworld dot FM. So come check out the 618 00:41:14.760 --> 00:41:16.960 show. I've had a lot of your listeners come over last time, so 619 00:41:17.000 --> 00:41:21.480 we'll be talking about this topic and more. I'm good, good, good 620 00:41:21.480 --> 00:41:25.880 match, good match. So right after this show again you can check out 621 00:41:25.960 --> 00:41:30.840 Tony's show and thank you again Tony for your support. I've been here for 622 00:41:30.880 --> 00:41:34.519 a long time and really do appreciate it. Thank you so much. Thank 623 00:41:34.559 --> 00:41:51.159 you. David. The David Night Show is a critical thinking super spreader. 624 00:41:52.079 --> 00:41:59.440 If you've been exposed to logic by listening to The David Night Show, please 625 00:42:00.239 --> 00:42:07.639 do your part and try not to spread it. Financial support or simply telling 626 00:42:07.719 --> 00:42:15.440 others about the show causes this dangerous information to spread. Father people have to 627 00:42:15.599 --> 00:42:22.599 trust me, I mean, trust the science. Wear you mask, take 628 00:42:22.719 --> 00:42:35.039 your vaccine, don't ask questions. Using free speech to free minds it's The 629 00:42:35.360 --> 00:42:38.840 David Knight Show.