Speaker 1: Well, the turning point in our lives. This is an
Speaker 1: article by Jeffrey Tucker actually wrote this as a foreword
Speaker 1: to a book for somebody who put it out as
Speaker 1: an article, and he's talking about what happened six years ago,
Speaker 1: the lockdown. I would say, this is the fourth turning
Speaker 1: that is going to be the one that happens during
Speaker 1: our lifetime. And I guess when you look at this,
Speaker 1: I was laughing about it when I saw this until
Speaker 1: garn And said the six years ago when Trump did that,
Speaker 1: covid mcguffin. Basically, what they did was they defenestrated the
Speaker 1: bill rights through it right out of the Overton window.
Speaker 1: Isn't that funny that we have in the English language
Speaker 1: a word for throwing things in people out of windows, defenestration, Right,
Speaker 1: It's kind of like the Germans have their word schadenfreude, right,
Speaker 1: joy in somebody else's troubles.
Speaker 2: Well, the.
Speaker 1: It is interesting see that, And we got Tony ready
Speaker 1: to join us at this point in time, So we're
Speaker 1: going to go to Tony. And certainly the parallels are
Speaker 1: there that we see both with what happened six years
Speaker 1: ago and even greater parallels I think to what happened
Speaker 1: fifty what is it now, fifty three years ago and
Speaker 1: the knock ons to that. So joining us now is
Speaker 1: Tony Ardaban. Thank you for joining us, Tony, And because
Speaker 1: Tony has whise Wolf Gold and he's kindly set up
Speaker 1: David Knight dot Gold and I'll take you to Tony's
Speaker 1: website where you can buy gold and silver. You can
Speaker 1: do one time purchases, you can use it to set
Speaker 1: up metals into your IRA as a part of your
Speaker 1: IRA or all of your IRA whatever, and you can
Speaker 1: also use Wolfpack to buy regular recurring amounts of gold
Speaker 1: and silver, physical gold and silver that you keep. It's
Speaker 1: not on the blockchain, it's not in some vaults supposedly
Speaker 1: in Shangha, but it's something that you actually physically keep,
Speaker 1: and it's a great way to save, especially if you
Speaker 1: want to try to save and something that is not
Speaker 1: a declining assets. So thank you for joining us, Tony.
Speaker 1: Great to have you. It's great to be back.
Speaker 2: David.
Speaker 3: Last week I was actually about two and a half
Speaker 3: hours north of London.
Speaker 2: With David Ike.
Speaker 3: Wow, and I sat down with David Ike for about
Speaker 3: two and a half hours and I told him, I said,
Speaker 3: you know, it's for tuitous twenty three years ago to
Speaker 3: the day we started the Iraq War, and I'm sitting
Speaker 3: down and talk to you. And now we're doing part
Speaker 3: what is this part four or five of that? The
Speaker 3: extension of whatever?
Speaker 2: The war?
Speaker 3: Now we're doing that again. And so did you have
Speaker 3: an interview with him? Did you post that up on you?
Speaker 3: I haven't posted it yet. I had the whole Iconic crew.
Speaker 3: I sat down with Gareth Ike, his son, and also
Speaker 3: Richard Willett is the documentarian, all very smart, wonderful people.
Speaker 3: I've talked to him for years and I finally got
Speaker 3: an invite over, so I took it.
Speaker 1: Oh, that should be very interesting. Yeah, I really. I'm
Speaker 1: on the same page with David Ike about pretty much
Speaker 1: everything except for the religious aspect of him. We have
Speaker 1: a big disagreement. As you know. He looks at I
Speaker 1: look at these supernatural things with UFOs and so forth,
Speaker 1: and I say, what they're doing is relabeling spiritual entities
Speaker 1: as that, and he takes the opposite view. He says, well,
Speaker 1: the UFOs are real, not the Bible, and you're basically
Speaker 1: renaming the UFO alien extraterrestrials. You're renaming them as angels
Speaker 1: and demons, and so we have a difference of opinion
Speaker 1: on that. But that's about the only place where I
Speaker 1: see that we have a difference of opinion. But that's
Speaker 1: on something that's pretty fundamental, I think for me anyway.
Speaker 2: Yeah, well it's very similar for me as well.
Speaker 3: I would think we have those theological differentferences, spiritual difference.
Speaker 2: Is whatever you want to call it.
Speaker 3: But he is spot on about, yes, the genesis of
Speaker 3: the cult that creates these wars and our current economic reality.
Speaker 2: That's right.
Speaker 1: Yeah, And he has stayed the course too. He hasn't
Speaker 1: been all over the place. He isn't somebody that he's
Speaker 1: on Trump's team, then he's off Trump's team, then he's
Speaker 1: back on Trump's team, like Alex Jones, and it drives
Speaker 1: them crazy to see Alex Jones doing that. And he's
Speaker 1: publicly criticized Alex Jones, and he doesn't get all this
Speaker 1: stuff thrown at him. I criticized Alex for the same thing.
Speaker 1: But oh, sour greaves for you, and it's like, okay, well,
Speaker 1: then listen David Ike if you don't want to listen
Speaker 1: to me, because he never worked for Alex.
Speaker 2: That's exactly right.
Speaker 3: Yeah, it's he's not held anything back. We talked about
Speaker 3: that the mainstream alternative media and his views on that,
Speaker 3: and it's been it's been interesting to talk to all
Speaker 3: these different figures in alternative media throughout my career, and
Speaker 3: certainly one of my great privileges is talking to you
Speaker 3: every week and oh, thank you the apocalypse together, which
Speaker 3: has been a.
Speaker 1: Got a front row seat, don't we h.
Speaker 2: Yeah.
Speaker 1: I feel like that iconic character and Clockwork Orange where
Speaker 1: they strap the guy down there doing the sye off
Speaker 1: on him or whatever, and they got him strapped down,
Speaker 1: they got his eyelids propped up and then making him
Speaker 1: watch this violence while they nauseate him to try to
Speaker 1: psychologically condition him to where he can't even think about
Speaker 1: you any violence. But I feel like I'm forced to
Speaker 1: watch this. We got something propping my eyelids up and
Speaker 1: facing the screen all the time. And so we're looking
Speaker 1: at this, and a lot of people are scratching their
Speaker 1: heads and saying, you know, we had a pretty bad
Speaker 1: week on gold last week in terms of the price
Speaker 1: and dollars, and it dropped and I'm looking at this,
Speaker 1: and then I go back and look at what happened
Speaker 1: in the nineteen seventies. All this stuff takes a while
Speaker 1: to roll out. Number one. This is my take on it.
Speaker 1: I want to get your take on it. My take
Speaker 1: is that it takes Wall Street a while to react
Speaker 1: to reality, and they're constantly distracted by things that are
Speaker 1: fantasies and you see them all run off. That's how
Speaker 1: we get our bubbles and that type of thing. So
Speaker 1: the reality takes a while to set in for Wall Street.
Speaker 1: But I think there's another factor as well, And I
Speaker 1: think these Gulf states, which have quite a bit of gold.
Speaker 1: Quite frankly, they don't have any income, and they're looking
Speaker 1: at what's coming and they've seen a pretty big run
Speaker 1: up in gold. It's like, we better get rid of
Speaker 1: this stuff right now because we're going to need to
Speaker 1: have some cash to get us through this. And their
Speaker 1: whole infrastructure is being destroyed because their whole infrastructure is
Speaker 1: based on the sale of oil. And so even if
Speaker 1: they don't blow up the wall fields and the tankers
Speaker 1: and the refineries and the ports and all the rest
Speaker 1: of this stuff, which is really on the table, Trump
Speaker 1: put it on the table this weekend. Even if that
Speaker 1: doesn't happen, they are still looking at a long period
Speaker 1: of time without any income, and so I think they're
Speaker 1: cashing out on some of the gold that they've had
Speaker 1: a pretty good rise on. What do you think is happening.
Speaker 2: Yeah, they would have to.
Speaker 3: And I think we forget gold has broke five thousand
Speaker 3: and beyond and that's not normal. I mean, this succession
Speaker 3: of failures economically, politically, the entire geopolitical spectrum breaking apart
Speaker 3: is the reason that we reach five thousand dollars plus
Speaker 3: gold in twenty twenty six and not twenty thirty six.
Speaker 3: This is coming faster than anybody ever. I mean, there's
Speaker 3: a lot of gold bugs that have crazy price predictions.
Speaker 2: Over the years, but I followed this every day.
Speaker 3: I didn't predict five thousand dollars gold in twenty twenty five.
Speaker 3: I didn't think it was going to happen. But we're here,
Speaker 3: and yeah, we had the worst week in gold since
Speaker 3: early nineteen eighties. There's a like you said, I think
Speaker 3: there's a lot of capital being raised right now for
Speaker 3: infrastructure and other things from some of these governments.
Speaker 1: But it's still about twice what it was a year ago, right.
Speaker 2: Right, That's the thing is that gold fail again.
Speaker 3: It didn't hold up as a geopolitical hedge or a
Speaker 3: risk against geopolitical risk, and I just I don't see
Speaker 3: it that way. I think that it's certainly fundamentally all
Speaker 3: those things are still there. They're going to continue to
Speaker 3: drive the price of gold up against the dollar, you know,
Speaker 3: And I I do laugh when I see things like
Speaker 3: people wonder is it going to go up?
Speaker 2: Is silver going to go up? Well?
Speaker 3: Yeah, I mean against the dollar. Sure, it's on long
Speaker 3: enough timeline. There's an article out on on Forbes. Did
Speaker 3: you see this, David, where the the US Treasury declared
Speaker 3: the United States and Solvent.
Speaker 2: No, I didn't see that. Actually, yes, they like there's
Speaker 2: their own numbers, and it's are you kidding me? Are they?
Speaker 1: Are they getting close to tell them the truth on something?
Speaker 2: I think they accidentally let it slip. Yeah, it's on Forbes.
Speaker 3: It's the headline is the Treasury just declared the US
Speaker 3: insolvement solvment and the media missed it.
Speaker 1: Wow, Wow, next thing they'll be tell them this they
Speaker 1: did nine to eleven as we didn't know already.
Speaker 2: Yeah. Yeah, the fundamentals are all there.
Speaker 3: I mean, the risks geopolitically, and we see you know,
Speaker 3: if you wanted to reverse engineer how to create an
Speaker 3: energy crisis, this is how you would do it. Yea,
Speaker 3: what we're doing right now is going to create an
Speaker 3: economic crisis, an energy crisis, possibly not just a recession,
Speaker 3: but a depression.
Speaker 2: When you look at how fragile the system is.
Speaker 3: Twenty percent or more of the world's oil output going
Speaker 3: through the straight up horn moves, and what are we
Speaker 3: even doing right now?
Speaker 2: It makes of course you're right too.
Speaker 3: The markets do respond irrationally like they'll they'll and a
Speaker 3: lot of the insider trading that's going on right now,
Speaker 3: and we know that's that's a fact. You know, billions
Speaker 3: are being made from their connections to whatever decisions or
Speaker 3: tweets or posts or truths or whatever are.
Speaker 2: Going to go out.
Speaker 3: And you know they've they've moved billions that way, just
Speaker 3: signaling that there's going to be a plete peace plan
Speaker 3: or the have something resolved. Well they don't, yeah, and
Speaker 3: the Ranians are digging in. All they have to do
Speaker 3: is do not lose at this point.
Speaker 1: Oh yeah, I mean, we're evacuating bases over there, or
Speaker 1: you ever seen a situation where they tell everybody, all right,
Speaker 1: leave the base and go get rooms and hotels because
Speaker 1: they're on to us. They and we can't defend the
Speaker 1: base anymore. That's incredibly crazy. And in the face of
Speaker 1: all that, they're talking about doing an amphibious attack on
Speaker 1: an island.
Speaker 2: Come on, I would I would.
Speaker 3: Not want to be a part of that operation, Not
Speaker 3: with not with Pete Hegseth as your as your secretary
Speaker 3: of war.
Speaker 2: Now they've reclaimed that.
Speaker 1: Mantle the high school coach, the high school football coach,
Speaker 1: I wouldn't even want him as a high school football coach,
Speaker 1: but certainly would not want to have him in a
Speaker 1: life and de situation.
Speaker 3: Not not anywhere near any organization i'd want to ever be.
Speaker 2: A part of.
Speaker 1: Well, you know, I saw one analyst Tony said, people
Speaker 1: are saying, what's going on with gold? And she said, well,
Speaker 1: it's doing exactly what they're supposed to do. It's creating
Speaker 1: liquidity in a crisis for the people who own it.
Speaker 1: And that's precisely what's happening. I think you've got a
Speaker 1: lot of people who, you know, stock market has not
Speaker 1: really reacted. In turn, the reality of what's going on
Speaker 1: has not really hit the stock market. You know, they
Speaker 1: jump on these issues. When Trump says all right, another
Speaker 1: five days or whatever, it's like, come on, you know
Speaker 1: that's it's going to come with that, But they react
Speaker 1: to it as if that is something that is real
Speaker 1: and solid, and so it takes the stock market a
Speaker 1: while to factor in what is really going to be real.
Speaker 1: But the uh, there's going to be there's already been,
Speaker 1: you know, some issues where people may be worried about
Speaker 1: their margin calls. But again, as I said, I think
Speaker 1: the Gulf States are looking at this. You've got a
Speaker 1: lot of countries who have a lot of money and
Speaker 1: they're looking for liquidity, and they've got some really tough
Speaker 1: times that are coming up. And then you've got a
Speaker 1: class of investors, retail investors who are jumping onto gold
Speaker 1: because they thought it was, you know, the next fast
Speaker 1: moving thing. So they're going to jump off and jump
Speaker 1: onto oil for example. Right those types of investors are
Speaker 1: going to jump off and get on the oil train
Speaker 1: for a little while. The people who were going to
Speaker 1: try to you know, the day traders and the timers
Speaker 1: and that type of thing, are going to do that.
Speaker 1: So the fundamentals are still where they were, except that
Speaker 1: they're even stronger. The things that were driving gold in
Speaker 1: the past or even stronger. You know, the bankruptcy of
Speaker 1: the United States and the debt and all the rest
Speaker 1: of this stuff. It's going to make an inflation. We
Speaker 1: know there's going to be rapid price inflation on a
Speaker 1: lot of different things. Because of this. We've already seen it.
Speaker 1: It's not a theory. It kind of flummixed them. We
Speaker 1: were in uncharted territory in the nineteen seventies because the
Speaker 1: Kynesians didn't really think that that kind of thing could
Speaker 1: happen because their economic model was flawed. But the reality
Speaker 1: is that it does happen, and we've already seen it once.
Speaker 1: And it's amazing to me that people aren't seeing the
Speaker 1: parallels to the early nineteen seventies.
Speaker 3: Well, even the late seventies, there was a lot of intervention,
Speaker 3: and you saw the price of silver and gold, gold
Speaker 3: at eight hundred plus announced by late seventy nine, early
Speaker 3: nineteen eighty silver, you know, the fifty two fifty mark
Speaker 3: that it hit in nineteen eighty was an all time
Speaker 3: high until last year is forty five years there was
Speaker 3: government intervention, David, and as you know, as a matter
Speaker 3: of fact, if you look at some of the headlines.
Speaker 3: Even the government of Japan is saying that they're going
Speaker 3: to look at the possibility of intervening. Intervening in oil futures.
Speaker 3: There's a clear single The United States has done that too,
Speaker 3: and they may be doing some of it with gold.
Speaker 3: I mean, the higher and faster the gold rises, the
Speaker 3: more attention gets paid to things like the dollar and
Speaker 3: the currency stability and everything else.
Speaker 2: And I think that you're right. People have used the
Speaker 2: entities have used gold right now as liquidity. That's what
Speaker 2: it's for.
Speaker 3: I find these price breaks as an opportunity.
Speaker 2: I saw when it pulled back.
Speaker 3: It's the first thing I picked up the ponus that
Speaker 3: we've got to order some some gold grams, some of
Speaker 3: the one grand bars. I ordered, like, you know, a
Speaker 3: four hundred of them when I saw that it pulled back,
Speaker 3: because we need them and need supply.
Speaker 2: As long as as long as there's.
Speaker 3: A price pulled back and still supply, I'm going to
Speaker 3: make that order. So I think it's just a good
Speaker 3: opportunity for people to still get physical product in the
Speaker 3: face of everything that's going on, because you're right, the
Speaker 3: markets are irrational and they're going to everything's going to correct.
Speaker 2: We've been down this road before.
Speaker 3: I mean just before twenty twenty four, going into twenty five,
Speaker 3: you and I had many conversations about the perceived you know,
Speaker 3: economic boom that was going to happen to crypto, and
Speaker 3: that never came. You know, like the bitcoin went to
Speaker 3: one hundred thousand and plus and then just nothing happened.
Speaker 3: You know, there was no there was no crypto boom,
Speaker 3: and the same thing, you know, the opposite with gold,
Speaker 3: and gold and silver started selling off. Well we don't
Speaker 3: have to, you know, get into these metals, these barbarous relics.
Speaker 3: There is going to be you know, stock market rally
Speaker 3: and all the rest. That stuff never came either, and
Speaker 3: so it reversed and gold started doing its thing based
Speaker 3: off of all the volatility that Trump's put us through.
Speaker 3: This chaos, it's all responding remember the tariffs, all that
Speaker 3: that was happening, the black Swan event as I called it,
Speaker 3: with the big vaults not knowing whether or not they're
Speaker 3: going to be tariff that they move products, so they
Speaker 3: started clearing out and that set off a chain reaction
Speaker 3: of the paper market.
Speaker 1: The chaos that he creates is just amazing, you know,
Speaker 1: so I said, when we're talking about taco, Trump always
Speaker 1: chickens out. I said, it should be. Trump is always
Speaker 1: capricious and odious in terms of what he does. You know,
Speaker 1: like these you point out the terraffs creating all kinds
Speaker 1: of problems with physical gold and silver. People not sure
Speaker 1: what's going to happen, is going to be a big
Speaker 1: tax if we move this type of thing. And so
Speaker 1: it is kind of interesting because we always said Trump
Speaker 1: is really good for gold and silver. Why because he's
Speaker 1: really bad for the economy, and when you look at
Speaker 1: what he fundamentally does, he will even make it even
Speaker 1: better because he gives people these happy stories like we're
Speaker 1: gonna go into crypto and we're gonna do a bitcoin reserve,
Speaker 1: and everybody jumps over all the people who are doing
Speaker 1: kind of day trading I call it, although it's maybe
Speaker 1: a little bit more than day trading, but they're trying
Speaker 1: to time the market, right, so they all jump into
Speaker 1: crypto and out of gold and silver, create a buying
Speaker 1: opportunity for us. Right after he was elected. This is
Speaker 1: I see this as the same thing again. He's created
Speaker 1: a big buying opportunity for people. You know, there's an
Speaker 1: old expression that bulls make money, bears make money, but
Speaker 1: pigs go broke. That's right, and those are the people
Speaker 1: who are trying to time the market. That's why I
Speaker 1: like what you do with the wise Wolf, the wolf
Speaker 1: Pack and people being able to buy it gradually in
Speaker 1: average the price out of a period of time because
Speaker 1: we know what the long term fundamentals are here. There's
Speaker 1: no question about where this is all going in the
Speaker 1: long term. There is a question in terms of what's
Speaker 1: immediately going to happen to the price this afternoon, you
Speaker 1: know that type of thing. So you want to average
Speaker 1: this out over a period of time. Yeah, there's a
Speaker 1: variation on that saying.
Speaker 3: My dad taught me and I think I was probably
Speaker 3: eight or nine years old. He talked to me about
Speaker 3: and it said pigs get fat, but hogs get slaughtered.
Speaker 2: One of my favorite. It's just kind of a it's
Speaker 2: a lesson on greed. A matter of fact.
Speaker 3: You talk about dollar cost averaging, and for wolf Pack,
Speaker 3: you know, that's what we do. You can select a
Speaker 3: fifty dollars package and so you just press fifty and
Speaker 3: that's what debits your your card every month, and then
Speaker 3: when you get your invoice it's based off whatever time
Speaker 3: that you're in, So if it's fifty two, fifty or
Speaker 3: five hundred, whatever it is. And we do blanket invoices
Speaker 3: for each tier. So I'll be on the phone with
Speaker 3: the echo. She does all of my invoices. She'll look
Speaker 3: at the inventory that we have and she'll build it
Speaker 3: based off the prices. And a lot of times, David
Speaker 3: and I mean it's back bragging on my crew a
Speaker 3: little bit, but a lot of times, even if the
Speaker 3: prices go up, I'll keep the the invoices the same.
Speaker 3: And I don't I don't just go up just for
Speaker 3: the sake of going up, because I'm like, we're already,
Speaker 3: we already made money. It's fine, and uh, you know,
Speaker 3: the customer can save a little bit. So even on
Speaker 3: those we try to pass on as much savings as
Speaker 3: we can. And then it's not about my company. It's
Speaker 3: just I think a lot of companies out there. You
Speaker 3: look at Walmart, they're about to implement talk about why
Speaker 3: my style pricing. They're going to have electronic price tags
Speaker 3: on the shelves that can be changed.
Speaker 2: In real time. Wow, yeah, did you see that story.
Speaker 2: I didn't see that story. Yeah, let's come out.
Speaker 1: They're they're tooling up for hyperinflation. So they're doing yeah,
Speaker 1: absolutely amazing. Well, you know, we look at this this uh,
Speaker 1: this article from Morning Star how the Iranian war made
Speaker 1: lead to the last days of the petro dollar. And
Speaker 1: we've been talking about this for a long time, you know,
Speaker 1: going back to the damage that was done with Biden
Speaker 1: as a weaponized this system that they built, you know,
Speaker 1: fifty three years ago, and now it's looking even worse.
Speaker 1: What they're saying is that, you know, of course the
Speaker 1: buying and selling of the world's energy was priced and
Speaker 1: petro dollars. Part of that equation was that we would
Speaker 1: provide security, meaning you know, our military as well as
Speaker 1: the weapons that we would sell to people like Saudi
Speaker 1: Arabia and that type of thing. But it was going
Speaker 1: to be a Pax Americana. You know, we're going to
Speaker 1: have a peace and trade and we're going to provide
Speaker 1: that and in exchange for that, Saudi Arabia would buy
Speaker 1: our treasure bills and you know, save their money and
Speaker 1: dollars in price everything in dollars. Now this is all
Speaker 1: falling apart. People are realizing that not only are we
Speaker 1: not interested in providing peace and prosperity. I mean, we
Speaker 1: want to help Israel acquire land, which is what their
Speaker 1: ambition is. So it doesn't really matter if that's war
Speaker 1: and if it's poverty, we're going to go along that path.
Speaker 1: And so they're looking at this and rethinking the relationship. Plus,
Speaker 1: we are not a net customer of theirs anymore. We
Speaker 1: are a net exporter of all these things. And it
Speaker 1: used to be the largest consumer. Now China is the
Speaker 1: largest consumer because China is the largest producer. We used
Speaker 1: to consume more because we produced more domestically. So it's
Speaker 1: not necessarily great that we are a net exporter. It
Speaker 1: really means that we're doing a lot less manufacturing here.
Speaker 1: But what do you think about this? Is this the
Speaker 1: last few days of the petro dollar? Is this really
Speaker 1: going to accelerate it that much?
Speaker 2: Oh?
Speaker 3: I do think it's the last days of the petro doll.
Speaker 3: I'm surprised it lasted as long as it has. We
Speaker 3: didn't even fight for a renewal, even though it wasn't
Speaker 3: an official agreement. It was like a memo or it's
Speaker 3: an understanding that happened in nineteen seventy four. That's set
Speaker 3: up through Kissinger and his agents and what he worked for,
Speaker 3: which there was trying to stabilize the Fiat dollar, and
Speaker 3: we went off the gold standard in seventy one, so
Speaker 3: that was a stabilizing move. A lot of things happened
Speaker 3: in seventy three seventy four. As a matter of fact,
Speaker 3: David is that's when the United States also got iras
Speaker 3: and four to oh one k's. And the reason is
Speaker 3: because there was so much inflation happening underneath the surface.
Speaker 3: They knew that eventually it would show up and people
Speaker 3: would people would be livid, So you have to distract
Speaker 3: him a bit. We also ran our last trade surplus
Speaker 3: in nineteen seventy three going into seventy four, so we
Speaker 3: had the petro dollar for the agreement technically for fifty years,
Speaker 3: but we did nothing to renew that. I mean, this
Speaker 3: was used heavily by Reagan in the height of the
Speaker 3: Cold War in the nineteen eighties to bankrupt, at least
Speaker 3: supposedly so bankrupt Soviet Union was this massive output of
Speaker 3: oil because the Saudi's were willing to do it. We
Speaker 3: would we would buy and we would provide security and
Speaker 3: all the stuff. But who would trust us now? I know, yeah,
Speaker 3: look at the the Iranians even there like we won't
Speaker 3: even we're not talking to your negotiators.
Speaker 2: We've been talking to them.
Speaker 3: You guys used us to get your you know, aircraft
Speaker 3: carriers and put your weaponry in place for a strike.
Speaker 3: You already decided you were going to do anyway, that's right,
Speaker 3: So there is we don't And look at the what
Speaker 3: we did to the Afghans, I mean just leaving the
Speaker 3: infrastructure there for their for their tyrants to take over
Speaker 3: and use all the weaponry or the money, yeah, the resources,
Speaker 3: and just left it there, and all the people that
Speaker 3: had helped us trying to hang onto those aircraft.
Speaker 2: You've seen something so sad. Well, they betrayed the Kurds
Speaker 2: as well.
Speaker 1: And but when you look at the very beginning of this,
Speaker 1: you know the fact that you had Oman and I
Speaker 1: forget who the guy was that was, you know, the
Speaker 1: Amani official that was there, but he heard that we
Speaker 1: were going to do the attack, and so he quickly
Speaker 1: flew to Washington say wait a minute, they've put a
Speaker 1: lot of stuff on the table here.
Speaker 2: They're serious about this.
Speaker 1: And he realized that the US wasn't serious about it,
Speaker 1: that we were engaged in treachery and perfidy, and you've
Speaker 1: had people. There was a UAE billionaire that they did
Speaker 1: an article about. He was furious with this stuff. He said,
Speaker 1: who gave you the right to destroy our countries? You
Speaker 1: didn't talk to any of us about this. You did
Speaker 1: this stupid move and you didn't even involve us in it,
Speaker 1: or who gave you the right to do that? And
Speaker 1: so there's a lot of justly earned contempt from all
Speaker 1: these Gulf states for the United States in general, but
Speaker 1: especially for Trump in particular.
Speaker 2: Yeah, I have a.
Speaker 3: Really good friend I grew up with who's an executive
Speaker 3: in an oil company and he travels all over the world.
Speaker 2: Is a really smart guy.
Speaker 3: And he was supposed to be on a plane, you know,
Speaker 3: the day of the February twenty eighth, he was gone
Speaker 3: headed to the airport, so he had to turn around.
Speaker 3: He was supposed to go over to the UAE and
Speaker 3: then he was going to be in Saudi for some
Speaker 3: some time and talk to a ram call all these like.
Speaker 2: He's a mover and shaker. He's like, you know, you
Speaker 2: could go a week ago, you.
Speaker 3: Could go and have a conversation and pretty much go
Speaker 3: anywhere you wanted in the Middle East as an American.
Speaker 2: He's like, not anymore.
Speaker 3: It's you just you've just reset that all the way back,
Speaker 3: you know, at least to post right post nine to eleven.
Speaker 3: And it's not going to get any better because we
Speaker 3: have no plan. Clearly well clearly we have no plan.
Speaker 3: And uh you know, I I think the plan is
Speaker 3: to not have a plan. Uh you should trust the plan, though, Tony,
Speaker 3: I should trust. Trust is the plan they want to establish.
Speaker 3: They want you to trust them regardless of anything. And
Speaker 3: you know, we can't tell you as uh as war
Speaker 3: Pete has said over and over again, if I had
Speaker 3: a plan, I wouldn't tell you.
Speaker 2: I wouldn't tell you. Right, So.
Speaker 3: This is going to end badly. I mean there's you
Speaker 3: can run a bunch of scenarios. The people that will
Speaker 3: be hurt the most is us. It'll be the the
Speaker 3: American people and then everybody else in the world that
Speaker 3: It'll start with the actual citizens, but the power structure
Speaker 3: is also going to get their come up. It's eventually
Speaker 3: this is not going to bode well. This, I think
Speaker 3: is the high water mark of whatever the Trump presidency
Speaker 3: was as far as power and being able to project it.
Speaker 3: I think we're looking at a lot of political chaos
Speaker 3: here towards the end of the year, and these prices
Speaker 3: aren't going away.
Speaker 1: David, Well, you know the other part of this is
Speaker 1: that Iran is trying to help to establish the Chinese
Speaker 1: you won as a petro you won. I mean, they're
Speaker 1: even saying, we'll let people pass. We're going to set
Speaker 1: up the straight up hor moves now as a toll road, right,
Speaker 1: and we're going to have you pay the toll in
Speaker 1: Chinese currency. So, I mean that is a direct challenge
Speaker 1: to the American petro dollar. They understand exactly what they're
Speaker 1: doing in terms of economic warfare, don't they makes you
Speaker 1: wonder about the other stuff, which looks like they know
Speaker 1: what they're doing with the other warfare as well. But
Speaker 1: they know what they're doing in terms of asymmetric economic warfare,
Speaker 1: don't they.
Speaker 3: Well, sure, and even if it's the perception that you
Speaker 3: start trading energy and you want even there's no mandate,
Speaker 3: if there's no agreement, there's no summit. If it just
Speaker 3: starts happening, that's a phenomenon of human nature. I think
Speaker 3: the dollar's clearly on its way out. We're not making
Speaker 3: moves to reignite that. There is some speculation that the
Speaker 3: stable coin is the new off ramp for the dollar,
Speaker 3: that the dollar will be reignited and reinvigorated with stable
Speaker 3: coin blockchain technology. I'm a skeptic if they can, if
Speaker 3: you can pull that off, because we're clearly not doing
Speaker 3: any things in the real world. Yeah, to bolster the dollar,
Speaker 3: and we're losing that psychological war. I mean, if it's
Speaker 3: the dollar decline, it's really rapid.
Speaker 2: David.
Speaker 3: Actually, if you look at statistics, in twenty twenty two,
Speaker 3: the dollar was about fifty seven percent usage in gloe
Speaker 3: financial transactions, and I believe today, four years later, we
Speaker 3: are in the low forties and declining, possibly in the
Speaker 3: high thirties at this point for dollar usage around the
Speaker 3: world because so many countries have dumped their dollar holdings,
Speaker 3: and gold surpassed the dollar as the world's most held
Speaker 3: reserve asset.
Speaker 2: Yeah, in about two months ago.
Speaker 1: Well, you know, it's going back and looking at the
Speaker 1: prices of things, you know, really, you know, when I did,
Speaker 1: it's a wonderful lie talking about the creation of the
Speaker 1: Federal Reserve on its one hundredth anniversary, and the prices
Speaker 1: that were being talked about in the nineteen forties, right
Speaker 1: after World War Two, when they did the movie It's
Speaker 1: Wonderful Life, and the salaries that were being talked about,
Speaker 1: the prices of houses that were being talked about were laughable.
Speaker 1: And yet I go back and I look at the
Speaker 1: prices of houses and cars and what the minimum wage
Speaker 1: was and all this restless stuff in the nineteen seventies,
Speaker 1: it's laughable as well. You know, when the opequ Ol
Speaker 1: embargo started, oil was three dollars a barrel, and it
Speaker 1: quadrupled to twelve dollars a barrel, and so I look
Speaker 1: it up and it's like, okay, so what is twelve
Speaker 1: dollars a barrel in today's twenty twenty six dollars, that's
Speaker 1: eighty eight dollars. So that's even worse. So the inflation
Speaker 1: is it is even worse. But the other thing that
Speaker 1: is there is that if you look at it, that's
Speaker 1: a little bit more expensive than what the typical price
Speaker 1: was before Trump kicked off this insanity. And so the
Speaker 1: reality is is that they quadrupled the price and they
Speaker 1: kept it there, and then we added federal reserve inflation
Speaker 1: as well on top of that, I expect all of
Speaker 1: that to happen with this as well. I think it's
Speaker 1: going to be ratcheting effect. We're going to have inflation,
Speaker 1: and it's going to jump up the real price of
Speaker 1: oil by significant several multiples, and it's going to stay there.
Speaker 2: It's going to change everything that.
Speaker 3: Yes, absolutely, I think this is a reckoning. We've been
Speaker 3: waiting for the total price revaluation across the board.
Speaker 2: I think this is the trigger of that event.
Speaker 3: We've saw it through COVID and the price structuring and
Speaker 3: what happened to the supply chain. Real inflation gets built
Speaker 3: in over time. I think that's only the beginning. This really,
Speaker 3: I think is the trigger event because the repricing of energy,
Speaker 3: like you just said, and in real terms of how
Speaker 3: expensive it actually is based off of the real money
Speaker 3: supply and the purchasing power of the dollar.
Speaker 2: That's that is what's next. We could see you again.
Speaker 2: It's going to price everything into.
Speaker 3: That, especially if oil goes to one hundred and fifty
Speaker 3: two hundred dollars a barrel, which there's no plan to
Speaker 3: put more oil on the market. I mean especially you
Speaker 3: can't and you can't drill that fast. You can't get
Speaker 3: you know, supply that fast, So even if you started today,
Speaker 3: it's going to take a long time. It can be
Speaker 3: years before you could get new supply and a significant
Speaker 3: amount of supply on the market.
Speaker 1: Well, we saw that when Trump backlogged everything with his
Speaker 1: initial lockdown. You had all these backlogs of tankers with
Speaker 1: all kinds of merchandise and la and other ports. They
Speaker 1: couldn't you know, it was difficult to get the stuff offloaded.
Speaker 1: So that's bad enough when you just shut it down
Speaker 1: and you can't do it, just like they did with
Speaker 1: the embargo of Opek. But this is different because once
Speaker 1: they start shutting down production, once the Iranians start blowing
Speaker 1: up some of these facilities, now it's going to take
Speaker 1: a long time to get these things started. Permanent damage,
Speaker 1: a lot of expense, a lot of time even start
Speaker 1: producing it. Even if you were to clear up the
Speaker 1: transportation supply chain, monkey wrenches that have been thrown in,
Speaker 1: and so it's going to be very long lasting.
Speaker 2: Yeah. Yeah, and don't worry.
Speaker 3: They'd raised the draft age to forty two, so you
Speaker 3: might not have to be unemployed out there after all, folks,
Speaker 3: you could go fight a war for Israel.
Speaker 2: I'm safe.
Speaker 1: They don't want to draft anybody remembers Vietnam and the
Speaker 1: oil embargo.
Speaker 2: So I guess I'm safe, but I'm barely I'm barely safe.
Speaker 3: I don't think it'll be returning to active duty for
Speaker 3: this war.
Speaker 1: Starting to look like Ukraine, isn't it?
Speaker 2: Is he breathing? Take him?
Speaker 1: You know, what's good could get bad?
Speaker 3: Yeah, I hope not. I hope I'm wrong about all
Speaker 3: this stuff. But it feels certainly feels like there's more
Speaker 3: to this. And you know, like a guy I heard
Speaker 3: a show the other day, the guy said, yeah, if
Speaker 3: you want to reverse engineer energy crisis, this is it. Yeah,
Speaker 3: And I thought, that's that's really true, if you're reverse
Speaker 3: engineering and you want to put together an energy crisis.
Speaker 2: So is that what the whole point was?
Speaker 3: It was just to reprice in Like you mentioned the
Speaker 3: twelve dollars a barrel from you know, after we went
Speaker 3: off the gold standard and then you know, looking at
Speaker 3: that into today's dollars eighty eight, maybe this need to
Speaker 3: reprice everything. Maybe you know, living had gotten a little
Speaker 3: too easy for us. Please you know here.
Speaker 1: Well, it helps them to monetize the debt, doesn't it.
Speaker 1: We have a massive eye per inflation. Yeah, I think
Speaker 1: we'll have to talk to about this as being the
Speaker 1: Trump oil embargo. Toe toe the line as he puts
Speaker 1: his heel on our throat, you know, kicks us in
Speaker 1: the face forever. That's he's already focusing on. You know,
Speaker 1: they're they're looking at their surveillance state, paving the way
Speaker 1: for artificial intelligence, get all the regulations out of the way.
Speaker 1: We're going to control this from Washington, which means that
Speaker 1: they're not going to control it at all, which means
Speaker 1: that they're going to use it for their own purposes
Speaker 1: of a police state surveillance. And at the same time,
Speaker 1: you got the Trump administration. You know, one of the
Speaker 1: other u turns that Trump has done is on the
Speaker 1: FISA Section seven O two, which they said gave them
Speaker 1: the ability to do surveillance on Americans with a search warrant.
Speaker 1: Trump is against that. In twenty twenty four Wings Running,
Speaker 1: he says, just get rid Offizer right now. He's talking
Speaker 1: about you got to push that through, got to have
Speaker 1: that right. So, uh, it's all paving the way for
Speaker 1: a police state, paving the way for a technocracy, paving
Speaker 1: the way for a fourth turning to take everything down.
Speaker 3: Well, unfortunately, I agree with you, and you know, the
Speaker 3: surveillance state will be part of the climate lockdowns. That
Speaker 3: will be the next the next move if you see
Speaker 3: the well, you know, we got to work from home
Speaker 3: and stay home and stay safe. We're burning way too
Speaker 3: much energy with a war on. You know, we got
Speaker 3: the war on, remember the war effort. Yeah, it won't
Speaker 3: exactly work that way. This country is not like it was,
Speaker 3: you know in World War Two. There's not a cohesion
Speaker 3: and we we've been lied to so much and abused.
Speaker 3: I don't think people would just in lockstep go for
Speaker 3: it a big chunk will We see people still wear
Speaker 3: a mask. So there is that section of the population
Speaker 3: that will go for it. But no, I unfortunately agree
Speaker 3: with you, and I think that the surveillance state will
Speaker 3: be set up. And yeah, the only intelligence in Washington,
Speaker 3: d C Is artificial at this point.
Speaker 2: Clear they could see that by who rules over it.
Speaker 1: Yeah, that's right. Well, tell us what's going on at
Speaker 1: wisewolf anything. I know that you're you've been tap dancing
Speaker 1: through this hyperinflation of gold. Things have leveled off a
Speaker 1: little while now for a while, but I think this
Speaker 1: is a calm before the storm. I think we are
Speaker 1: right in the eye of the hurricane that's coming and
Speaker 1: the back end, as they say with the hurricanes, you know,
Speaker 1: when you're in the eye of the storm. I grew
Speaker 1: up in Florida. When you're in the eye of the storm,
Speaker 1: be careful because when those back winds come, they're even
Speaker 1: worse than the ones that hit you coming in. So
Speaker 1: I think that's where we are right now.
Speaker 3: I'm really thankful that it feels like it calmed down
Speaker 3: enough and there is some stability in the pricing structure.
Speaker 3: But you know, when it was way hot, you know,
Speaker 3: at silver one hundred and fifteen an ounce plus when
Speaker 3: it was hitting that, and the amount of people trying
Speaker 3: to sell it's calmed down some, so thank goodness. I'm
Speaker 3: just trying to find a way to get liquid. So
Speaker 3: I'm glad I don't have to do that right this minute.
Speaker 3: Some of the refiners are back online. It takes about
Speaker 3: four weeks or so to get paid on silver if
Speaker 3: you if you haven't met like a sterling and stuff
Speaker 3: like that. But uh, we have calmed down somewhat, and
Speaker 3: so I'm looking for, uh, you know, some ways to
Speaker 3: get more, you know, diversified products into wolfback. That's been
Speaker 3: my mission right now. We were able to source a
Speaker 3: lot of the fractional silver. I found some sources for
Speaker 3: that and just find a new supply David keeping that open.
Speaker 3: Even the supply issues with as much as was sold,
Speaker 3: it really put a strain on the way the whole
Speaker 3: system works, from wholesaler to dealer. So I'm very fortunate
Speaker 3: we have have a good team, so we're able to
Speaker 3: get through those those whips. Saw back and forth moments
Speaker 3: which you know you got to.
Speaker 1: Yeah, it was real task. Survive it, that's real task.
Speaker 1: Did a great job keeping your head above water. Well,
Speaker 1: it's as I said, you know, none of the fundamentals
Speaker 1: have changed. All the fundamental things that were driving gold
Speaker 1: and silver are getting even worse. The threats on the
Speaker 1: petro dollar, threats on the Fiat currency as well as
Speaker 1: the debt. All this stuff is escalating, and inflation, all
Speaker 1: that stuff is escalating very fast. This is just a
Speaker 1: temporary market reaction to the types of things that Trump
Speaker 1: has said. And of course we saw how he move
Speaker 1: the market by saying, well, I'm going to attack all
Speaker 1: the iron's infrastructure, and then he leaves that out there
Speaker 1: for a day or so when it comes back and says, well,
Speaker 1: never mind, I'm going to give them another five days.
Speaker 1: And you see how the market just hangs on every
Speaker 1: word that he has to say. It's amazing to me
Speaker 1: the power that he has to manipulate the markets. But
Speaker 1: it's not real, and we know what's real, and so
Speaker 1: we know where this is headed in the long term
Speaker 1: is Joe Clinty says, I don't make predictions. I look
Speaker 1: at trends, and I think that's what we need to
Speaker 1: look at with all of this stuff at this point
Speaker 1: in time, and the trends are still there, have not
Speaker 1: been changed whatsoever.
Speaker 3: Yeah, just look at the long term and ask yourself,
Speaker 3: you think that the dollar will be stronger in five
Speaker 3: years than it is today.
Speaker 2: Do you think that the.
Speaker 3: Economy will be more stable, that there will be an
Speaker 3: economic renaissance? Or are you betting on some sort of
Speaker 3: reallocation into commodities and rare assets. I'm more leaning towards
Speaker 3: rare assets and commodities and things that have been money
Speaker 3: since the dawn of history. So I'm not betting. I'm
Speaker 3: not betting for this market, I'm betting against it.
Speaker 2: That's right. That's right.
Speaker 1: I agree, that's the way I say it as well. Well,
Speaker 1: Tony is always great talking to you. Thank you so
Speaker 1: much for coming on. Thank you for your support of
Speaker 1: the show. Appreciate it, Absolutely appreciate you. The common math
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