WEBVTT 1 00:00:07.040 --> 00:00:10.359 Joining me now is Tony Arderburn of wise Wolf Gold 2 00:00:10.359 --> 00:00:11.960 and he has set up David Knight dot Gold. So 3 00:00:11.960 --> 00:00:14.960 if you'd like to start accumulating gold and silver, that's 4 00:00:15.160 --> 00:00:17.440 the way you can do it. He has wolf Pack, 5 00:00:17.480 --> 00:00:20.199 which is a subscription service and he'll send you gold 6 00:00:20.359 --> 00:00:23.000 or silver monthly. So thank you for joining us, Tony. 7 00:00:24.399 --> 00:00:26.079 Great to be back. I was good to see you. 8 00:00:26.399 --> 00:00:28.960 Good to see you too, and it is always a 9 00:00:29.000 --> 00:00:31.960 pleasure to have you on and I like to get 10 00:00:32.280 --> 00:00:34.039 to start. As you were talking in the break, your 11 00:00:34.039 --> 00:00:36.520 opinion on what's going on with the Fed. Of course, 12 00:00:36.600 --> 00:00:39.439 we saw Trump and the administration talking about, oh, I 13 00:00:39.479 --> 00:00:42.240 think we're going to fire Powell, and then of course 14 00:00:42.280 --> 00:00:45.000 he walked back. I don't know. And as we talked 15 00:00:45.039 --> 00:00:47.920 about last week, is he even capable of doing that? 16 00:00:48.079 --> 00:00:51.000 We saw him of course float this idea report to 17 00:00:51.039 --> 00:00:53.479 the DOJ you've done some stuff we don't like, which 18 00:00:53.640 --> 00:00:55.240 seems to be the only way he'd get him out 19 00:00:55.240 --> 00:00:56.600 there is charging him with a crime. 20 00:00:59.320 --> 00:01:01.399 Well, I think we would find out who works for 21 00:01:01.479 --> 00:01:04.640 who at some level if this was a push to 22 00:01:04.760 --> 00:01:05.159 the limit. 23 00:01:05.760 --> 00:01:09.319 I think it's more likely that you know, Powell is getting. 24 00:01:09.079 --> 00:01:13.879 Pressure to step down when its term expires. He may 25 00:01:14.000 --> 00:01:19.319 leave beforehand, but it's really a question of an open 26 00:01:19.400 --> 00:01:23.640 question about policy because with Powell, I mean still I 27 00:01:23.640 --> 00:01:26.879 mean we're still you know, talking about fiat currency here, 28 00:01:26.920 --> 00:01:29.040 but you know, a currency backed by nothing that it's 29 00:01:29.079 --> 00:01:32.280 been increased. The money suppli has been increased by trillions 30 00:01:32.319 --> 00:01:36.959 upon trillions upon trillions, and the devaluation is almost complete. 31 00:01:37.000 --> 00:01:40.280 I mean, if you look from nineteen thirteen to now, 32 00:01:40.319 --> 00:01:43.560 it's about ninety nine percent of all purchasing power has 33 00:01:43.599 --> 00:01:47.000 been a race from the dollar. But at least Powell, 34 00:01:47.359 --> 00:01:50.359 you know, they see this strong dollar theory, you know, 35 00:01:50.400 --> 00:01:52.560 and they want to hold on as long as they 36 00:01:52.560 --> 00:01:55.719 can to a dollar that the world saves. I mean, 37 00:01:55.879 --> 00:01:59.159 if you look at interest rates, if you raise interest rates, 38 00:01:59.159 --> 00:02:03.159 it and it encourages countries and large holders of dollars 39 00:02:03.200 --> 00:02:05.519 to say, well, you know it's four or five percent, 40 00:02:05.719 --> 00:02:08.000 I'll put it over here and i'll store it. It'll 41 00:02:08.000 --> 00:02:11.719 make you know, short term, it'll make X amount for 42 00:02:11.840 --> 00:02:15.840 me and just parking it. And so they'll be those 43 00:02:15.919 --> 00:02:20.000 dollars won't go back into circulation and they won't bring 44 00:02:20.080 --> 00:02:23.560 down the purchasing power. So that's how the game works 45 00:02:23.560 --> 00:02:27.240 in a microcosm, Well, what happens when you lower rates? 46 00:02:27.240 --> 00:02:29.439 You know, you see like the short term boons and 47 00:02:29.479 --> 00:02:32.159 the stock market goes crazy. There's a lot of liquidity, 48 00:02:32.159 --> 00:02:34.080 there's a lot of lending going on, and things are 49 00:02:34.080 --> 00:02:37.759 being built for good or ill. Some things it probably shouldn't. 50 00:02:38.000 --> 00:02:41.199 That's why we feel currency works. So Powell has been 51 00:02:41.280 --> 00:02:44.080 raising rates faster than any Fed chair in history, and 52 00:02:44.159 --> 00:02:48.599 that's because of the president and money expansion that's never 53 00:02:48.639 --> 00:02:52.439 happened before at this level. Like we talk about metrics 54 00:02:52.479 --> 00:02:56.240 like eighty percent of all the dollars ever created right 55 00:02:56.360 --> 00:02:59.120 in the last five years. It's probably worse than that. 56 00:02:59.159 --> 00:03:02.039 I've been and saying that for three years. So it's 57 00:03:02.080 --> 00:03:06.159 probably worse in some ways than just that. But that's 58 00:03:06.199 --> 00:03:10.080 a that's something to soak in and that's shocking. So 59 00:03:10.120 --> 00:03:12.879 I think, how when you raise rates, you contract the 60 00:03:12.919 --> 00:03:15.680 money supply, and again there's a lot of dollars that 61 00:03:15.759 --> 00:03:19.039 get forwarded that way. So there's a strong it's a 62 00:03:19.080 --> 00:03:21.400 theory of a strong dollar, which you know, if it's 63 00:03:21.400 --> 00:03:24.199 not backed by anything, how is it strong. But that's 64 00:03:24.240 --> 00:03:28.080 just the way it works. Trump's philosophy, as we've seen. 65 00:03:29.680 --> 00:03:32.039 I don't know if where you can label it a philosophy. 66 00:03:32.120 --> 00:03:33.240 It's more like. 67 00:03:33.159 --> 00:03:37.319 An operation, whereas we're going to have we're gonna have 68 00:03:37.400 --> 00:03:39.639 these tariff threats, and we're going to put one hundred 69 00:03:39.639 --> 00:03:43.080 percent tariffs on countries that won't use the dollar if 70 00:03:43.120 --> 00:03:45.960 they're bricks nation, or if they create a competing currency 71 00:03:46.080 --> 00:03:46.560 or whatever. 72 00:03:47.080 --> 00:03:48.319 And it doesn't make any sense. 73 00:03:48.400 --> 00:03:51.800 But we have the tariff threat, which created a whole 74 00:03:51.919 --> 00:03:55.680 host of black swan issues and things that ripple across 75 00:03:55.719 --> 00:03:58.919 the markets with imports and exports and other things like that. 76 00:03:59.280 --> 00:04:01.199 But he wants low interest rates traves. 77 00:04:01.240 --> 00:04:04.360 He wants he wants to get those rates down as 78 00:04:04.400 --> 00:04:08.280 low as possible, maybe to zero, like a Bank of 79 00:04:08.360 --> 00:04:12.080 Japan situation, where we're just just there's the money, printer 80 00:04:12.199 --> 00:04:12.719 goes burn. 81 00:04:13.960 --> 00:04:14.879 That's what he wants. 82 00:04:15.800 --> 00:04:19.279 And you know, if you if you zoom out, I 83 00:04:19.279 --> 00:04:23.519 mean this is probably a philosophical, you know, theoretical debate. 84 00:04:23.920 --> 00:04:30.040 But can you make the money go? Yeah, if you're 85 00:04:30.199 --> 00:04:30.920 thinking about it. 86 00:04:30.959 --> 00:04:36.920 Theoretically, we know that the technocracy wants a central bank 87 00:04:36.959 --> 00:04:39.720 digital currency. And I'm kind of skipping over traditional finance 88 00:04:39.759 --> 00:04:44.519 to talk about ethereal conspiracy, which is probably smarter because 89 00:04:44.519 --> 00:04:45.160 that's where we are. 90 00:04:45.279 --> 00:04:46.319 It's the timeline of the run. 91 00:04:47.560 --> 00:04:51.959 We know that the stable coins are as I've always said, 92 00:04:51.959 --> 00:04:52.439 the dollar is. 93 00:04:52.480 --> 00:04:54.199 Not going to zero, it's going to digital. 94 00:04:54.800 --> 00:04:57.879 So it looks to me like the current economic order 95 00:04:57.920 --> 00:05:00.639 that we grew up with everything since brett On Woods 96 00:05:00.680 --> 00:05:04.240 and the Nixon Shock of seventy one. In this Fiat experience, 97 00:05:04.319 --> 00:05:05.920 it looks like they're just going to go and do 98 00:05:05.959 --> 00:05:10.360 a controlled demolition in some way, like that's the that's 99 00:05:10.399 --> 00:05:13.720 the plan, and like just run up because we're already 100 00:05:13.720 --> 00:05:18.240 at you know, run. The debt is almost one hundred 101 00:05:18.279 --> 00:05:23.600 and thirty percent like that to GDP, so gross domestic product. 102 00:05:23.800 --> 00:05:28.279 I mean, this hasn't happened since World War Two, and 103 00:05:28.360 --> 00:05:32.199 so this is unsustainable. Most economists agree on that. It's 104 00:05:32.199 --> 00:05:35.279 about one hundred and thirty percent. We're reaching that, and 105 00:05:35.319 --> 00:05:38.279 that's a tipping point. So there has to be something 106 00:05:38.319 --> 00:05:40.600 has to happen. As a matter of fact, it's really 107 00:05:41.160 --> 00:05:46.160 I've been using AI not as a crutch, but actually 108 00:05:46.240 --> 00:05:50.120 just versing with it and asking you questions about this 109 00:05:50.160 --> 00:05:53.560 particular thing. And I'm like, how does if all fiat 110 00:05:53.560 --> 00:05:57.600 currencies go to zero throughout history and the dollar is 111 00:05:57.639 --> 00:06:02.680 no different, how does the dollar remain and retain any 112 00:06:02.759 --> 00:06:06.519 sort of purchasing power in you know, losing the world's 113 00:06:06.879 --> 00:06:09.480 currency and dedollarization. I put all these factors in and 114 00:06:09.800 --> 00:06:14.199 the AI actually said my question was very astute. It 115 00:06:14.360 --> 00:06:17.040 was like it was a very interesting question, and it 116 00:06:17.120 --> 00:06:20.360 tells it started listing all the ways that it would 117 00:06:20.639 --> 00:06:25.680 retain a value after you know, so much money printing 118 00:06:25.680 --> 00:06:29.720 and inflation, and since all currencies go to zero, and 119 00:06:29.800 --> 00:06:34.519 it's its conclusion was going through stable coins, going into 120 00:06:34.519 --> 00:06:37.360 state and then being backed by something else like it 121 00:06:37.399 --> 00:06:42.079 had to in every conclusion through the AI was that 122 00:06:42.160 --> 00:06:47.480 it had to be a reset. Yeah, there had to 123 00:06:47.519 --> 00:06:49.720 be a reset of the monetary system. So there's no 124 00:06:50.120 --> 00:06:53.920 there's no way that, like you, because of the sheer 125 00:06:53.920 --> 00:06:57.040 amount of dollars that have been created and the fact 126 00:06:57.120 --> 00:07:00.319 that the world is moving away from this city system 127 00:07:01.160 --> 00:07:05.160 in de dollarizing, with the said of the United States 128 00:07:05.240 --> 00:07:07.839 together has no choice have to come up with a 129 00:07:07.839 --> 00:07:11.319 different way to back the dollar. 130 00:07:12.120 --> 00:07:12.839 It just can't be. 131 00:07:12.839 --> 00:07:17.079 Done anymore through sheer money velocity. So I think that 132 00:07:17.639 --> 00:07:20.639 the stable coin issue is very interesting to watch. We 133 00:07:20.800 --> 00:07:26.000 just had the Genius Act. It's being passed and I believe, 134 00:07:26.040 --> 00:07:28.959 you know, through things like a tether and other things 135 00:07:28.959 --> 00:07:33.480 that you know, we have the stabilization of the dollar 136 00:07:33.560 --> 00:07:37.120 through digital and blockchain, and there's a merger there that 137 00:07:37.199 --> 00:07:40.959 I believe it's very interesting. It's going to have to 138 00:07:41.000 --> 00:07:44.360 happen in order for the dollar to be to stop 139 00:07:44.519 --> 00:07:49.079 losing such massive market share, and if the world wants access, 140 00:07:49.519 --> 00:07:50.920 it's going to have to go through stable coin. 141 00:07:50.920 --> 00:07:52.079 It's a really interesting thing. 142 00:07:52.800 --> 00:07:55.439 One thing that I've all I've been curious about since 143 00:07:55.439 --> 00:07:57.680 they started floating stable coins. They say, well, it's stable 144 00:07:57.720 --> 00:07:59.959 because it's tied to an asset like the US dollar, 145 00:08:00.000 --> 00:08:03.480 And I'm just like, the US dollar isn't tied to anything, though, 146 00:08:03.800 --> 00:08:08.279 how can how does removing it one level suddenly make 147 00:08:08.319 --> 00:08:11.800 it stabilized? It just seems as though they're saying it 148 00:08:11.879 --> 00:08:15.040 is this way, and you know it's this way because 149 00:08:15.040 --> 00:08:17.639 we say so, and I'm so curious as to how 150 00:08:17.680 --> 00:08:20.439 they get to that logic. Yeah, the stable coin is 151 00:08:20.480 --> 00:08:22.879 stable because it's tied to the US dollar, which is 152 00:08:22.920 --> 00:08:26.839 completely unstable in fiat, and it just doesn't make any 153 00:08:26.879 --> 00:08:30.839 sense to me. And I think I think. 154 00:08:30.639 --> 00:08:32.080 You an improved dollar. 155 00:08:32.399 --> 00:08:35.320 It's likely you've ever seen those the pr rollouts for 156 00:08:35.440 --> 00:08:38.240 somebody that had a you know, they're trying to redo 157 00:08:38.279 --> 00:08:38.840 their image. 158 00:08:39.120 --> 00:08:41.480 But it's the new, new and improved. 159 00:08:42.559 --> 00:08:45.000 That's that's what this it's and and of course it's 160 00:08:45.039 --> 00:08:49.639 not it's not just it's not improved. It's digitized, it's tokenized, 161 00:08:49.679 --> 00:08:53.519 its block chain, and it's it's a in Remember how 162 00:08:53.639 --> 00:08:57.200 Zignu Brazinski would talk about an in run around sovereignty. 163 00:08:57.320 --> 00:09:00.399 You know, with the technocracy, this is an inrun around 164 00:09:02.919 --> 00:09:06.320 the same thing oversight, because you're having this public private 165 00:09:06.360 --> 00:09:10.080 partnership where you know, you get you get CBDC, just 166 00:09:10.240 --> 00:09:14.279 in a different form. And that's what I think we're 167 00:09:14.320 --> 00:09:16.919 watching with the stable coins. There's a lot of open 168 00:09:17.039 --> 00:09:22.519 questions there and I think we're still still seeing what the. 169 00:09:22.240 --> 00:09:23.320 End result is going to be. 170 00:09:23.440 --> 00:09:26.600 But that seems to me the only way that they 171 00:09:26.759 --> 00:09:29.840 continue to prop up the dollars through the stable coin system, 172 00:09:30.440 --> 00:09:31.039 and they're. 173 00:09:30.840 --> 00:09:32.320 Going to have to figure out what they're going to 174 00:09:32.360 --> 00:09:33.360 back it by. 175 00:09:33.000 --> 00:09:37.360 Even that even the AI running simulations was showing me 176 00:09:37.480 --> 00:09:43.720 that a gold back stable coin at a pitcoin based dollar, 177 00:09:44.120 --> 00:09:46.240 it has to be based on energy in some way, 178 00:09:46.279 --> 00:09:49.240 because we lost And if you notice too, Travis, what's 179 00:09:49.240 --> 00:09:52.559 interesting that these financial networks they don't even get into, 180 00:09:52.679 --> 00:09:56.279 which is epical events like losing the petro dollar last year. 181 00:09:56.840 --> 00:10:00.039 Talking to your dad, I was like, fifty years we 182 00:10:00.159 --> 00:10:01.080 just lost it. 183 00:10:01.360 --> 00:10:04.919 And there wasn't anything like, oh, let's let's do it 184 00:10:04.960 --> 00:10:08.120 this way, or here's here's something we can trade for. 185 00:10:08.919 --> 00:10:12.600 We just let it lapse. And I thought, well, that's interesting. 186 00:10:12.919 --> 00:10:16.480 It's because they're resetting it. They're resetting the table. They're 187 00:10:16.480 --> 00:10:20.320 going to go away from the energy based petro dollar 188 00:10:20.879 --> 00:10:23.200 to and of course we had you can argue that 189 00:10:23.240 --> 00:10:27.840 gold was energy as well. Going from gold to possibly 190 00:10:27.919 --> 00:10:31.240 bitcoin something like that, they're going to use it. It 191 00:10:31.279 --> 00:10:35.559 has to have be backed by something, and there's a 192 00:10:35.559 --> 00:10:37.360 lot of open questions on what that's going to be. 193 00:10:37.480 --> 00:10:41.080 But the current dollar form, you know, there's the philosophy 194 00:10:41.159 --> 00:10:44.600 between you know, your original question, between POWL and whatever 195 00:10:44.600 --> 00:10:49.759 the trump represents. It's like the the acceleration, like pressing 196 00:10:49.759 --> 00:10:52.120 the gas, like this's just go ahead and get this 197 00:10:52.200 --> 00:10:54.799 thing on the road, and there'll be golden parachutes and 198 00:10:55.240 --> 00:10:58.759 there will be you know, a semblance of everything's okay 199 00:10:58.879 --> 00:11:02.080 for a little while, but that will again, it will 200 00:11:02.200 --> 00:11:06.799 end in debt. It will end in bankruptcies. It will 201 00:11:06.919 --> 00:11:09.200 end in over leverage, it will end in you know, 202 00:11:09.240 --> 00:11:12.960 the A lot of times when there's just massive liquidity, 203 00:11:13.000 --> 00:11:16.279 the wrong things get tension. That's what happens in a 204 00:11:16.320 --> 00:11:20.480 fiart world, and things that shouldn't exist will exist, and 205 00:11:20.519 --> 00:11:23.240 those things will again the will come to an end because. 206 00:11:23.000 --> 00:11:26.240 Of just physics. It just happens. 207 00:11:28.000 --> 00:11:30.799 So it'll be interesting to see who who wins this battle. 208 00:11:30.840 --> 00:11:33.360 I think we know what's going to happen. I think 209 00:11:33.360 --> 00:11:36.200 the money printer is going to go burway. I think 210 00:11:36.200 --> 00:11:38.559 they're going to do that, regardless if it's the Trump 211 00:11:38.559 --> 00:11:41.159 administration or if it's we're going to do it, and 212 00:11:41.200 --> 00:11:45.720 whoever power represents or what faction of that. That dollar 213 00:11:45.799 --> 00:11:48.759 system is old world, it's old Breton Woods, it's old, 214 00:11:49.559 --> 00:11:54.320 and they're gonna I think the technocracy, who are battling 215 00:11:54.360 --> 00:11:57.320 and buying for control, wants to go ahead and again 216 00:11:57.480 --> 00:12:00.360 press the accelerator and let's let's get this thing to 217 00:12:00.399 --> 00:12:01.080 the next level. 218 00:12:01.720 --> 00:12:06.759 Yeah, we know that for a fact. Even if we 219 00:12:06.759 --> 00:12:08.159 take these yo about the words that they're trying to 220 00:12:08.200 --> 00:12:11.759 do something positive for the American people, for people in general, 221 00:12:12.399 --> 00:12:15.159 that they are largely insulated from the consequences by the 222 00:12:15.200 --> 00:12:17.120 sheer amount of wealth they possess. Like even if the 223 00:12:17.120 --> 00:12:20.679 dollar goes to zero, they're so diversified into other options 224 00:12:21.039 --> 00:12:23.000 that it's not really going to affect them. They'll still 225 00:12:23.000 --> 00:12:26.639 be massively wealthy, so they don't have to really be 226 00:12:26.759 --> 00:12:29.399 concerned with, well, if something goes wrong and we collapse 227 00:12:29.440 --> 00:12:32.519 the markets, you know that's going to suck for some people, 228 00:12:32.559 --> 00:12:35.720 not for us. So even if we take them at 229 00:12:35.720 --> 00:12:37.639 the word of saying we're trying to do the right thing, 230 00:12:38.759 --> 00:12:42.200 it's when you don't have any stakes in anything, it 231 00:12:42.279 --> 00:12:45.080 makes it very easy not to care where you As 232 00:12:45.080 --> 00:12:46.879 you said, they can just slam their foot on the 233 00:12:46.919 --> 00:12:48.919 accelerator and say we're going to take it to the 234 00:12:48.960 --> 00:12:51.759 next level. Whatever the consequences are, it's fine since they're 235 00:12:51.759 --> 00:12:54.519 not going to affect me. But realistically we know that's 236 00:12:54.559 --> 00:12:57.120 not even the case. They're not concerned with doing the 237 00:12:57.200 --> 00:13:00.279 right thing or helping the people of America or other 238 00:13:00.320 --> 00:13:04.039 countries where they're going to implement this. This is about removing, 239 00:13:04.320 --> 00:13:07.960 you know, stratifying wealth even further consolidating it more into 240 00:13:07.960 --> 00:13:10.840 their own hands. And of course with things like stable 241 00:13:10.840 --> 00:13:13.120 coin and cbdc's when it goes fully digital. As we've 242 00:13:13.120 --> 00:13:15.519 talked about, that means they're fully able to just shut 243 00:13:15.559 --> 00:13:17.919 you off at the source, say nope, you don't get 244 00:13:17.919 --> 00:13:20.960 to play in our economy anymore. You said something naughty online. 245 00:13:22.200 --> 00:13:24.240 And we see this here, got this article from zero 246 00:13:24.320 --> 00:13:27.039 Edge as Western Union joined stable coin, Race and I's 247 00:13:27.080 --> 00:13:30.519 crypto partnerships. That's what the CEO is saying. So these 248 00:13:30.559 --> 00:13:34.720 things are being adopted, they're going to come into use. 249 00:13:34.759 --> 00:13:38.559 You don't have players like Western Union or really you know, 250 00:13:39.080 --> 00:13:41.720 any of company like this or even other companies. We 251 00:13:41.840 --> 00:13:43.960 had someone say in chat the other day that I 252 00:13:44.000 --> 00:13:47.120 believe it was a grocery store chain was implementing, you know, 253 00:13:47.600 --> 00:13:50.039 the ability to take stable coins and things like that. 254 00:13:50.639 --> 00:13:53.000 These companies aren't going to get on the band wagon 255 00:13:53.080 --> 00:13:55.879 unless they're sure it's coming down the pipeline. They're not 256 00:13:55.879 --> 00:13:58.960 going to start investing in infrastructure unless they believe it's 257 00:13:59.000 --> 00:14:03.120 really happening. So that's a bell weather this this sort 258 00:14:03.159 --> 00:14:05.559 of thing. It's not just a oh, this could happen. 259 00:14:05.639 --> 00:14:08.279 Is that this is happening. The stable coin is coming 260 00:14:08.320 --> 00:14:10.440 one way or the other. And Trump is at the 261 00:14:10.480 --> 00:14:15.279 forefront of this, the Genius Act. You know, he talked 262 00:14:15.320 --> 00:14:16.799 all about, and you're like, no, we're not going to 263 00:14:16.840 --> 00:14:19.679 have CBDC. We're gonna block it by executive order, and 264 00:14:19.679 --> 00:14:23.120 then he goes and signs this, which completely overwrites what 265 00:14:23.159 --> 00:14:27.600 he said. And it's just this is a tremendous blow 266 00:14:27.799 --> 00:14:31.559 to you know, your own personal ability to gather wealth 267 00:14:31.840 --> 00:14:34.919 and potentially prepare for future generations. Like you want to 268 00:14:34.960 --> 00:14:36.679 be able to pass something down to your children, but 269 00:14:36.679 --> 00:14:39.799 this will make that completely and utterly impossible, especially if 270 00:14:39.840 --> 00:14:42.279 they implement a system like in China where you know, 271 00:14:42.320 --> 00:14:44.639 money has an expiration date. You don't get to keep 272 00:14:44.679 --> 00:14:46.399 it if you don't spend it. You know, eventually they 273 00:14:46.440 --> 00:14:49.200 just come in and say, no, that's expired. You didn't 274 00:14:49.200 --> 00:14:53.399 put it into the economy, and therefore it's not valid anymore. 275 00:14:54.440 --> 00:14:57.039 That is a complete and utter attack on your ability 276 00:14:57.080 --> 00:14:59.799 to store wealth, to be able to save and prepare. 277 00:15:00.960 --> 00:15:06.000 And the Genius Act is just it's a you know, 278 00:15:06.559 --> 00:15:08.480 we've talked about this for so many years and for 279 00:15:08.879 --> 00:15:11.519 you know, you and my dad have been talking about 280 00:15:11.559 --> 00:15:14.440 the CBDCs and how they were on the horizon, and 281 00:15:14.480 --> 00:15:16.200 it seemed like they were just kind of holding position 282 00:15:16.240 --> 00:15:18.759 for a while. They were sitting there they talked about 283 00:15:18.840 --> 00:15:22.679 wanting it, but now this is, you know, full speed ahead, 284 00:15:23.120 --> 00:15:25.879 and it's truly incredible to see how quickly they are 285 00:15:25.919 --> 00:15:30.879 moving forward at this point, and it seems likely. 286 00:15:31.240 --> 00:15:35.320 I think this is the stark difference. You're right, the 287 00:15:35.480 --> 00:15:36.559 language has changed. 288 00:15:36.919 --> 00:15:39.840 The outcome will be the same, and it may be 289 00:15:39.919 --> 00:15:43.480 worse if it's run this way because of the I mean, 290 00:15:43.519 --> 00:15:46.240 even though the Federal Reserve is not federal and it's 291 00:15:46.279 --> 00:15:52.159 not a reserve, it's centralized in a way that has 292 00:15:52.200 --> 00:15:54.519 some semblance of oversight. I mean, I know it's still 293 00:15:54.519 --> 00:15:57.519 the Federal Reserve, it's the creature from Jackal Island. But 294 00:15:57.600 --> 00:16:05.720 you're talking about even moving further babatized into these stable coins, 295 00:16:05.720 --> 00:16:08.320 and there could it could be great in one end 296 00:16:08.360 --> 00:16:11.639 where you have, like you just mentioned, you think about 297 00:16:11.639 --> 00:16:13.639 all those retailers out there that don't have to pay 298 00:16:13.639 --> 00:16:16.120 credit card fees. If you can go direct with your 299 00:16:16.120 --> 00:16:18.960 stable coin, if you can just hit you know, if 300 00:16:19.000 --> 00:16:22.080 you can especially through the Internet, if you can just 301 00:16:22.360 --> 00:16:25.559 blockchain to blockchain, those are theo's gonna shrink those credit 302 00:16:25.600 --> 00:16:28.960 card fees. People don't realize how much retailers the scam 303 00:16:28.960 --> 00:16:32.279 of credit card fees is it's generational. I mean they've 304 00:16:32.320 --> 00:16:36.080 made they're skimming off of everybody's energy and everybody's creativity 305 00:16:36.080 --> 00:16:39.200 and everybody's risk for nothing. I mean they're just transactionally 306 00:16:39.279 --> 00:16:41.879 making It's basically what I make on gold and silver 307 00:16:42.039 --> 00:16:45.799 without ever having any investment anywhere. And that's everybody's transaction. 308 00:16:45.919 --> 00:16:50.080 That's that's evil genius, really evil genius. Whoever came up 309 00:16:50.120 --> 00:16:53.159 with that that that's even sustainable. But that's what they do. 310 00:16:53.679 --> 00:16:59.240 But stable coins, so in theory solve that. And then 311 00:16:59.279 --> 00:17:02.039 the same thing with you know, bitcoin and other things. 312 00:17:02.080 --> 00:17:05.519 They cryptocurrencies do better to solve that at least the 313 00:17:06.440 --> 00:17:08.440 giant fees that you're paying the credit card. 314 00:17:08.200 --> 00:17:10.440 Companies, so that on that and that's good. 315 00:17:12.279 --> 00:17:15.279 But there's all there's there's the technocracy and how they 316 00:17:15.319 --> 00:17:20.160 implement it and the lack of even the semblance of 317 00:17:20.200 --> 00:17:23.920 oversight when it comes to that. You're absolutely right, that's 318 00:17:23.960 --> 00:17:27.160 the darkness. That is the risk. And we know how 319 00:17:27.200 --> 00:17:29.200 these people think. We know what you know as far 320 00:17:29.240 --> 00:17:33.039 as centralization and control. You know, if I had long 321 00:17:33.160 --> 00:17:40.440 wondered what took Larry Fink Blackrock, why he pivoted and 322 00:17:40.559 --> 00:17:44.279 said he went from bitcoin is a is a measurement 323 00:17:44.559 --> 00:17:48.359 of money laundering, its metric of money laundering. And he 324 00:17:48.440 --> 00:17:51.240 went from that to Bitcoin's going to go to seven 325 00:17:51.279 --> 00:17:54.240 hundred thousand, and we're totally backing it, and here's our ETF. 326 00:17:54.960 --> 00:17:58.759 And I thought that's a weird pivot. Well, if you 327 00:17:58.759 --> 00:18:01.359 look at the stable coin world and how it would work, 328 00:18:01.880 --> 00:18:04.240 coin plays a major role, and it plays a major 329 00:18:04.319 --> 00:18:09.079 role in backing the value of these things. And because 330 00:18:09.119 --> 00:18:13.960 of bitcoin's limited supply, so and that's kind of a 331 00:18:14.000 --> 00:18:16.680 neutral thing that's either good nor bad. It just means 332 00:18:17.039 --> 00:18:19.839 it backs that it backs that play in the sense 333 00:18:19.839 --> 00:18:21.799 that you could get in and out and you could 334 00:18:21.799 --> 00:18:24.880 back it by having this limited supply of things for 335 00:18:24.960 --> 00:18:27.839 a store of value, kind of like digital gold. So 336 00:18:28.079 --> 00:18:31.519 it's something it's really interesting to watch as we see 337 00:18:31.559 --> 00:18:34.880 the world dedollarizing. That trink continues. I saw a story today, 338 00:18:34.920 --> 00:18:40.559 Travis that precious metals sales from Russia to China are 339 00:18:40.640 --> 00:18:45.880 up eighty percent this year. So, like, China's just importing 340 00:18:46.039 --> 00:18:48.240 more and more, even though it's the largest gold producer 341 00:18:48.240 --> 00:18:51.200 in the world, it's importing from its it's ordering from Russia, 342 00:18:51.240 --> 00:18:54.000 who's got massive natural resources gold and silver, and the 343 00:18:54.039 --> 00:18:58.359 rest silver put is on Russia's strategic reserve asset list. 344 00:18:59.480 --> 00:19:04.599 We're nearing like fourteen year eyes on silver. So there's 345 00:19:04.680 --> 00:19:09.240 a lot of interesting stuff happening right now with commodities 346 00:19:09.319 --> 00:19:12.799 being at central Bank buying a sovereign wealth fund, buying 347 00:19:12.799 --> 00:19:16.400 of gold, and things happening with bitcoin as well. So 348 00:19:16.519 --> 00:19:19.440 the it's all converging together in the same time that 349 00:19:19.519 --> 00:19:22.160 we're going to have the argument about Powell and Trump 350 00:19:22.160 --> 00:19:23.480 and what's best. 351 00:19:23.640 --> 00:19:25.720 But at the end of the day, the dollarization is 352 00:19:25.720 --> 00:19:33.079 still happening. The surprise the dark horse here maybe the 353 00:19:33.400 --> 00:19:34.279 stable coins. 354 00:19:35.480 --> 00:19:37.839 And I've always said the dollars not going to zero, 355 00:19:37.880 --> 00:19:41.319 it's going to digital, and it's going to digitizing right now. 356 00:19:42.319 --> 00:19:47.640 Yeah, it's happening live before our eyes. It's again, it's 357 00:19:47.680 --> 00:19:50.240 crazy for me to see because this is something I've 358 00:19:50.319 --> 00:19:53.480 kind of grown up with. Yeah, not necessarily grown up, 359 00:19:53.519 --> 00:19:55.559 but it's been something that's been happening on the periphery. 360 00:19:56.079 --> 00:20:01.000 And you'll in governmental scale things really take so long 361 00:20:01.039 --> 00:20:03.039 to manifest that you kind of forget they were ever 362 00:20:03.079 --> 00:20:04.880 happening in the first place, and it just kind of 363 00:20:04.880 --> 00:20:07.839 shows up one day. But this is something that went 364 00:20:07.880 --> 00:20:11.079 from yeah, it's happening to. It's here and it's going 365 00:20:11.119 --> 00:20:15.240 to happen, and it's truly incredible to see the speed 366 00:20:15.319 --> 00:20:18.640 with which this is developing. We've got some comments here. 367 00:20:18.720 --> 00:20:20.880 Dustin d Helm can't wait for Tony to open the 368 00:20:20.880 --> 00:20:23.480 new Dennison location. I want to be the first person 369 00:20:23.480 --> 00:20:25.799 to buy a silver round through a drive through window. 370 00:20:27.839 --> 00:20:31.359 Let me probably in the next thirty days or so. 371 00:20:31.440 --> 00:20:32.839 We're working on it. 372 00:20:33.079 --> 00:20:38.519 But Wise Wolf leased an old branch bank in Dennison 373 00:20:38.599 --> 00:20:41.960 on Main Street and it's gonna be fun. 374 00:20:41.960 --> 00:20:45.440 It's it's not very large, but the tube still works. 375 00:20:45.559 --> 00:20:47.920 The drive through window is still there, like you got 376 00:20:47.960 --> 00:20:50.279 the tray where you open it up and people can 377 00:20:50.279 --> 00:20:53.039 go through. So we'll have all that. So I'll be 378 00:20:53.079 --> 00:20:56.720 the only drive through gold, silver and bitcoin. I'm just 379 00:20:56.720 --> 00:20:58.559 gonna I'm just it's the Wise We're gonna call it 380 00:20:58.599 --> 00:21:00.799 the bank. You're going by the bank, you can come 381 00:21:00.880 --> 00:21:02.759 see us. That's where you need to bank anywhere. 382 00:21:02.920 --> 00:21:03.680 That's fantastic. 383 00:21:03.720 --> 00:21:04.720 Yeah, bank on yourself. 384 00:21:05.160 --> 00:21:07.920 Bank on yourself and go get some golden solar from 385 00:21:07.920 --> 00:21:11.160 Tony and Dennison, or if you aren't local, you can 386 00:21:11.160 --> 00:21:14.319 go to Davidnight dot Gold and do it there. Defy 387 00:21:14.480 --> 00:21:18.079 tyrants seventeen seventy six. As America thrives on debt and usury. 388 00:21:18.240 --> 00:21:22.079 It's a wicked system. Yeah, it's It's funny. My dad 389 00:21:22.079 --> 00:21:24.119 has talked about how, you know, when he was young, 390 00:21:24.240 --> 00:21:28.440 you know, credit card the amount of interest they would 391 00:21:28.480 --> 00:21:30.799 charge you. You know, it's much much smaller. And now 392 00:21:31.079 --> 00:21:33.160 that we've reached a point where you can get thirty 393 00:21:33.160 --> 00:21:36.400 percent interest on credit cards, you can have these exorbitant 394 00:21:36.480 --> 00:21:40.119 rates that you're never able to pay off. It's something 395 00:21:40.160 --> 00:21:42.039 that you would hear the mafia doing. You know, you 396 00:21:42.079 --> 00:21:44.440 get in debt with them and they put an interest 397 00:21:44.519 --> 00:21:46.880 rate on there that makes it impossible, and so you 398 00:21:46.960 --> 00:21:50.160 are their man for the rest of your life or 399 00:21:50.160 --> 00:21:52.039 else they're gonna come up and they're gonna break your legs. 400 00:21:52.039 --> 00:21:54.000 None that credit card companies won't break your legs, but 401 00:21:54.039 --> 00:21:57.519