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<v Speaker 1>Joining us now is Tony Ardeman, and we talking a

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<v Speaker 1>little bit about the Shanghai Gold Exchange and what's happening.

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<v Speaker 1>Last time you're on, Tony, you talked about the Hong

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<v Speaker 1>Kong Gold Exchange, I think, and so China is making

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<v Speaker 1>a huge move to accumulate gold. That's been one of

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<v Speaker 1>the many driving factors. I mean, we're into record territory

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<v Speaker 1>we've passed in terms of real terms when gold shot

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<v Speaker 1>up to eight hundred dollars an ounce. But it's because

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<v Speaker 1>there are so many different things that are driving it simultaneously.

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<v Speaker 1>And one of those is, as you've been talking about

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<v Speaker 1>for the longest time, the push by a lot of

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<v Speaker 1>central banks to accumulate gold. But nobody is pushing it

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<v Speaker 1>like China. As a matter of fact, they're trying to

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<v Speaker 1>de westernize the global bullion market, says Zero Hedge. London

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<v Speaker 1>and New York have been places where gold has been

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<v Speaker 1>stor in the past. China is trying to place that Shanghai,

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<v Speaker 1>perhaps Hong Kong as well. What's your take on that.

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<v Speaker 2>I thought the story last week about Hong Kong play

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<v Speaker 2>was really important because you already have the Shanghai Gold

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<v Speaker 2>Exchange and it just highlights the move that China is

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<v Speaker 2>making as well as the bricks nations to make the

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<v Speaker 2>move of commodity pricing eastward. There's another headline up that's

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<v Speaker 2>up on zero hedge and then just I mean really

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<v Speaker 2>putting some emphasis on what's going on with the West.

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<v Speaker 2>And Canada has no gold reserves, Sam, did you know

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<v Speaker 2>that zero gold reserves?

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<v Speaker 1>Well, but they've got a central bankers as their prime

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<v Speaker 1>minister or whatever, so I guess they're covered, right. You

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<v Speaker 1>don't need gold if you got a central banker.

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<v Speaker 2>I think that's that's a key indicator of where we're

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<v Speaker 2>headed in this in this decade and especially in this century,

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<v Speaker 2>is that everything is flowing out of the hands of

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<v Speaker 2>the West. And they had an interview with Ray Dalio

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<v Speaker 2>and he was talking about, you know, the juxtaposition of

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<v Speaker 2>nineteen forty five when the United States had about eighty

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<v Speaker 2>percent of the world's money. You know, we were about

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<v Speaker 2>five percent of the world's population, about fifty percent or

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<v Speaker 2>more of the wealth, and then that's completely dissipated and

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<v Speaker 2>it's flowing eastward and it's being decentralized out of our

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<v Speaker 2>hands for sure. So dollar domination is really I think

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<v Speaker 2>in this timeline, it's really in danger of losing more

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<v Speaker 2>and more market share.

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<v Speaker 1>Yes, zero head China headline said, nobody is hedged for

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<v Speaker 1>the real gold panic that hasn't even started yet.

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<v Speaker 2>No, No, I don't think it has. As a matter

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<v Speaker 2>of fact, it's interesting every day I started calculating the

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<v Speaker 2>ratios and not only the gold of silver ratios, but

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<v Speaker 2>the bitcoin the gold ratios, and Bitcoin has slipped a

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<v Speaker 2>little bit off of I think AI expansion and other

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<v Speaker 2>things that have happened since the rate cut, and that's

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<v Speaker 2>probably temporary, but it went from thirty one ounces of

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<v Speaker 2>gold to make one bitcoin to about twenty nine, and

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<v Speaker 2>so that slipped a little bit. But the real metric

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<v Speaker 2>to watch is the gold of silber ratio. That's starting

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<v Speaker 2>to come back to normal, or at least somewhat normal levels.

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<v Speaker 2>I mean, we got up to past one hundred ounces

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<v Speaker 2>of silver to make one ounce of gold not too

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<v Speaker 2>long ago, when it was thirty five dollars an ounce

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<v Speaker 2>for gold and thirty five hundred dollars an ounce, or

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<v Speaker 2>thirty five hundred dollars ounce of gold and thirty five

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<v Speaker 2>dollars an ounce for silver, David, And now we're at

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<v Speaker 2>eighty three to one because silver passed the forty four

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<v Speaker 2>dollars more.

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<v Speaker 1>Yeah, it truly is amazing. We're hitting one all time

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<v Speaker 1>high after the other. But as I said, there's a

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<v Speaker 1>lot of different reasons, especially for us as individuals. We

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<v Speaker 1>look at the rise of stable coin.

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<v Speaker 2>There was an.

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<v Speaker 1>Article from zero Hedge talking about one hundred billion dollar

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<v Speaker 1>a year battle that is shaping up between credit cards

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<v Speaker 1>and stable coins. But I guess though, really stable coin

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<v Speaker 1>be more like a debit card, you know, let you

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<v Speaker 1>pay for things instantaneously. But we live in a credit

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<v Speaker 1>card society, don't we, where people are borrowing from the future,

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<v Speaker 1>So I don't know really how much of that is

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<v Speaker 1>really going to be over the credit cards versus that.

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<v Speaker 1>I think you see the credit card companies are merging

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<v Speaker 1>with the stable coin companies, as Visa merged with the

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<v Speaker 1>biometric company. They want to be there for the for

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<v Speaker 1>the surveillance. So imagine, you know, they could process a

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<v Speaker 1>transaction and still put it on a credit card account

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<v Speaker 1>for you and.

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<v Speaker 3>Charge your thirty or forty percent interest as it continue

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<v Speaker 3>to allow that to happen.

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<v Speaker 2>Yeah, I think what makes the stable coin battle between

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<v Speaker 2>credit card processing and stable coins is the fees, it's

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<v Speaker 2>merchant fees that'll be their selling point. As a matter

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<v Speaker 2>of fact, I saw it was I think a coinbase

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<v Speaker 2>commercial about a year ago. It was highlighting how small

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<v Speaker 2>business could open up a coin base account and if

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<v Speaker 2>they were if they took crypto, but their fees would

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<v Speaker 2>be lower than if they just took credit cards, which

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<v Speaker 2>I thought it was interesting. And then if you enter

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<v Speaker 2>in stable coins. Now I've been looking into stable coins

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<v Speaker 2>because I thought, well, if you're gonna deal, if you're

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<v Speaker 2>gonna have bitcoin or something, you should have stable coin.

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<v Speaker 2>That's a whole other like to actually deal in stable coins,

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<v Speaker 2>it's a lot harder to deal in than it is Bitcoin,

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<v Speaker 2>at least right now, you have to go through a

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<v Speaker 2>third party, which I think that's probably how it's going

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<v Speaker 2>to be.

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<v Speaker 1>It's not going to be are connected to Trump like

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<v Speaker 1>Lutnake and others.

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<v Speaker 2>Yeah right, It'll be something else so that it's not

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<v Speaker 2>you know, meet the new boss same as the old boss.

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<v Speaker 2>It's probably a lot of the same entities or interest

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<v Speaker 2>except it's a different vehicle. And they can be competitive

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<v Speaker 2>because for the longest time, you know the hidden cost

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<v Speaker 2>of credit card fees, and I know this from being

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<v Speaker 2>in the gasoline business my entire life, and you know,

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<v Speaker 2>three percent at the pump and how that looks on

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<v Speaker 2>your balance sheet when you're selling gasoline at the retail

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<v Speaker 2>level that the credit card companies make more than the

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<v Speaker 2>retailer most of the time. You know, if it's right

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<v Speaker 2>over three dollars a gallon, that's nine cents of a

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<v Speaker 2>gallon that in the retailer usually makes about a nickel.

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<v Speaker 2>So that'll be an interesting I think all the infrastructure

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<v Speaker 2>that's being put in right now with stable coins, you

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<v Speaker 2>and I both know that it's not for it's not

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<v Speaker 2>to save the merchant. It's not to save the retailer

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<v Speaker 2>or the operator fees or anything like that. It's another

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<v Speaker 2>transfer of well.

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<v Speaker 3>Oh yeah yeah.

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<v Speaker 1>But I imagine people with a lot of retailers would

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<v Speaker 1>give it a chance because it is a really expensive

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<v Speaker 1>thing to take credit cards. I remember when we had

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<v Speaker 1>our retail stores video stores. It was such a big

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<v Speaker 1>bite that I said, well, we have the ability to

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<v Speaker 1>you know, with the system that I had written, we

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<v Speaker 1>had the ability if somebody had late fees that they'd

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<v Speaker 1>accrued because they turned something in late. You know, we

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<v Speaker 1>could have balances on a customer's account so they could

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<v Speaker 1>pay it off later. So we tried it as an experiment.

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<v Speaker 1>It was a very short experiment because what happened was

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<v Speaker 1>we said, well, if you're going to use a credit

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<v Speaker 1>card for the small amount, let's just defer it. Next

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<v Speaker 1>time you come in, you can pay it, you know,

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<v Speaker 1>with a check or cash or something like that. And

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<v Speaker 1>that did not work because people wanted to use credit

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<v Speaker 1>cards and we as a store didn't have any club

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<v Speaker 1>over them in terms of if they don't pay the bill,

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<v Speaker 1>they're not going to get a hit on their credit

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<v Speaker 1>rating and that type of thing. So we had to

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<v Speaker 1>stop that pretty quickly. But it is really a high fee.

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<v Speaker 1>And as we look at the banks you're talking about

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<v Speaker 1>how stable coin is set up centrally controlled, just like

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<v Speaker 1>a central bank, except that it's a crony system. They

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<v Speaker 1>have a way that they are going to know their

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<v Speaker 1>customer and all the rest of these so called anti

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<v Speaker 1>money laundering laws that are out there. Vietnam showing the

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<v Speaker 1>pattern talked about this last week, I think they just

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<v Speaker 1>immediately closed eighty six million bank accounts because people did

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<v Speaker 1>not sign in and give them biometric data. It's like, okay,

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<v Speaker 1>well if we don't have your biometric data. We're closing

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<v Speaker 1>your account right now. I think we could see that

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<v Speaker 1>type of thing happening in the West. That's the way

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<v Speaker 1>that they're going to roll this thing out, do we Lujah?

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<v Speaker 3>Yeah?

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<v Speaker 2>I think unfortunately that's okay, that's our future, especially is

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<v Speaker 2>everything it continues to get more and more digitized.

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<v Speaker 1>Yeah, that's right. They're going to force our hands coming through.

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<v Speaker 1>Ok Yeah, you're coming through now.

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<v Speaker 3>Yes.

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<v Speaker 1>So I think that's the direction that they're going to

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<v Speaker 1>go without a doubt, And I think that's why there's

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<v Speaker 1>as an individual, we're looking not only at the general

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<v Speaker 1>economy and at the price of gold, but we're also looking

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<v Speaker 1>at the control that's coming through with all this. The

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<v Speaker 1>World Economic Forum has got a plan to overhaul the

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<v Speaker 1>global financial system by monetizing nature. This is an article

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<v Speaker 1>from Life site, and we've talked about this before. How

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<v Speaker 1>Bessant as well as Lutnik, as well as Bergham, who

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<v Speaker 1>Trump put ahead as head of the Interior Department, has

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<v Speaker 1>all the different parks and public lands in it. They've

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<v Speaker 1>talked about how, yeah, we need to monetize and put

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<v Speaker 1>to work our natural resources. And so I think that

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<v Speaker 1>they will monetize nature. They'll come up with some kind

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<v Speaker 1>of derivative system to do that, and that's one of

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<v Speaker 1>the ways that we will wind up owning nothing and

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<v Speaker 1>they will have everything, people like Larry Fincott, Blackrock and

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<v Speaker 1>Hoffman and others. That's exactly what the world economic form wants,

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<v Speaker 1>isn't it.

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<v Speaker 2>Well, unfortunately, I think this is a natural outcropping of

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<v Speaker 2>what happens when you have currency. When you demonetize your currency,

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<v Speaker 2>you monetize everything else, and they're looking for value and everything.

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<v Speaker 2>That's the reason civilization is built on sound money, when

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<v Speaker 2>that's the whole point of having a medium of exchange.

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<v Speaker 2>And if you lose that, then there's chaos and then

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<v Speaker 2>you go back to I mean, you're in a sense

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<v Speaker 2>of bartering economy, but there's you find value and everything else.

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<v Speaker 2>That's the reason why we have such a massive housing bubble.

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<v Speaker 2>It's why we have a debt crisis, a debt a

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<v Speaker 2>debt time bomb around the world. It's having to borrow

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<v Speaker 2>against assets and everything to outpace the loss of purchasing

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<v Speaker 2>power in the currencies. And that's a good point of

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<v Speaker 2>the reason why you're seeing.

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<v Speaker 1>Yeah, that's a good point as you're saying that you've

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<v Speaker 1>got to have some pretense that your fiat currency is

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<v Speaker 1>linked to something that's real. I mean, first with first

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<v Speaker 1>Breton Woods, it was gold, and then the second one

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<v Speaker 1>they made it with oil or with energy, right, and

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<v Speaker 1>so now what's left. You know, they're going to monetize

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<v Speaker 1>it with the real estate that's here in the United States,

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<v Speaker 1>and that may very well be what they're going to do.

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<v Speaker 2>To monetize everything, and yeah, it will be. It's still

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<v Speaker 2>a FIA currency. Then, even if we move to a

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<v Speaker 2>digitized system like a stable coin back system, it's still

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<v Speaker 2>going to be based off of the old blue sky.

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<v Speaker 2>It's going to be based off of nothing. It's going

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<v Speaker 2>to be based off of GDP and economic growth and

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<v Speaker 2>all the rest of that that. Unfortunately, we're seeing the

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<v Speaker 2>end game here where you can't inflate your way out,

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<v Speaker 2>you can't print your way out of economic downturns, and

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<v Speaker 2>a lot of the things the metrics are going backwards.

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<v Speaker 2>Used to when you lower interest rates and there would

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<v Speaker 2>be selloffs and precious metals because people would be taking

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<v Speaker 2>getting liquid in positions to buy into the market. Now

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<v Speaker 2>you're just seeing gold just continue to go up every

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<v Speaker 2>time I come on the show, it's breaking. It's another

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<v Speaker 2>all time high. I think silver is about to do

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<v Speaker 2>the same thing, and I don't want to give investment advice,

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<v Speaker 2>but I'm looking at silver having a big breakout here,

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<v Speaker 2>probably this year, going into the final quarter of twenty

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<v Speaker 2>twenty five. And as of right now, I'm stockpiling if

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<v Speaker 2>I can get silver and keep it. I'm holding it

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<v Speaker 2>if I can financially afford to keep it on the

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<v Speaker 2>books doing that because I think there's going to be

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<v Speaker 2>a squeeze even with the amount that's being sold right now.

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<v Speaker 2>It's really interesting. Buyers aren't necessarily there, but the price

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<v Speaker 2>keeps going up, so you have to take it to

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<v Speaker 2>the wholesalers. And I just don't like that game. I

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<v Speaker 2>think there's something inherently wrong with the price rising and

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<v Speaker 2>retail has slowed down, and we still have, you know,

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<v Speaker 2>the smaller buyers are there, but not like they used

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<v Speaker 2>to be, where the people are buying big chunks at

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<v Speaker 2>a time on the retail level. I'm watching that very

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<v Speaker 2>closely because those two things don't go together, the retail

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<v Speaker 2>slowing down and the price going up. That means institutions

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<v Speaker 2>and governments are buying, and they're signaling something I think

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<v Speaker 2>that we need to pay attention to.

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<v Speaker 1>Yeah, they've been heavily manipulating silver, as we've said before.

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<v Speaker 1>You know, it was just a few months ago. I

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<v Speaker 1>remember seeing a YouTube video. Somebody sent it to me

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<v Speaker 1>as a listener and said, look at this and it

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<v Speaker 1>was a small show of precious metals, and the guys

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<v Speaker 1>that were there that were dealers, you know, the guy

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<v Speaker 1>went around talking to him. He said, Yeah, everybody wants

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<v Speaker 1>to sell silver, but they're not buying. He said, and

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<v Speaker 1>look at the ratio here, how low silver is. It's

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<v Speaker 1>a great deal. And so we're buying all that we can.

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<v Speaker 1>But the retail people are not. For whatever reason, they're

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<v Speaker 1>selling their silver instead of buying it. So there's a

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<v Speaker 1>lot of manipulations in going on for that for quite

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<v Speaker 1>some time.

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<v Speaker 2>We got the shop and Dennison Against in Texas, my

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<v Speaker 2>old new bank, the branch bank that I took over.

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<v Speaker 2>I'll just send you some pictures of the signage. It's

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<v Speaker 2>a little bit of an experiment where wise Wolf Gold Silver,

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<v Speaker 2>Bitcoin and I rebranded it. They even have the I'll

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<v Speaker 2>have the drive through operational probably sometime by the end

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<v Speaker 2>of the year. But I was there just working the

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<v Speaker 2>counter for my son and from a from eleven am

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<v Speaker 2>to one pm, and I did six transactions buying silver

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<v Speaker 2>bullion and that was all I bought. It was a

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<v Speaker 2>silver boy. There wasn't any goal. There's six transactions of

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<v Speaker 2>different silver billion buys and probably about five thousand dollars

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<v Speaker 2>worth or more. But that's just kind of indicative the

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<v Speaker 2>steady pace.

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<v Speaker 1>The retail trade is still the retail trade is still

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<v Speaker 1>selling it. When they're buying it, then.

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<v Speaker 2>Yeah, well the public is selling to me. And then

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<v Speaker 2>I'm having to figure out how am I gonna either,

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<v Speaker 2>you know, get it to the trading house and make

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<v Speaker 2>a small margin and liquid ate it off my books,

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<v Speaker 2>find a way to keep it on inventory and sell

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<v Speaker 2>it out slowly. It's it's a very strange position to

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<v Speaker 2>be in because I love silver and I think it's

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<v Speaker 2>I think it's a bargain right now. It's hard to

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<v Speaker 2>always keep it on your books with cash flows, you

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<v Speaker 2>know from small business day, but you can't just continue

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<v Speaker 2>to to accumulate inventory and survive. So I have to

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<v Speaker 2>make that decision. But I think I'm buying I still

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<v Speaker 2>think I'm buying it cheap and the reason is is

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<v Speaker 2>what you mentioned, you know, with the repricing of everything,

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<v Speaker 2>I don't think that we've factored in the true destructure

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<v Speaker 2>of the dollar. The dollars lost forty percent of its

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<v Speaker 2>purchasing price compared to gold in the last year alone.

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<v Speaker 3>Yeah, that's right.

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<v Speaker 2>It's amazing, just in the last twelve months. Yeah, and

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<v Speaker 2>silver went from what was the last year, David, about

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<v Speaker 2>twenty nine dollars an ounce at this time somewhere in there,

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<v Speaker 2>and now we're at forty four dollars an ounce in climbing.

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<v Speaker 2>I think that's in direct correlation to the loss of

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<v Speaker 2>purchasing power and the dollar and where we're headed with

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00:15:35.480 --> 00:15:40.519
<v Speaker 2>the repricing of commodities. So yeah, it's eventually. And I

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<v Speaker 2>think there was an article up on zero Hedge about

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<v Speaker 2>the phonebo. I mean, I think a lot of people

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<v Speaker 2>are going to look back and think this was, this

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<v Speaker 2>was the time, and they ended up not being able

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<v Speaker 2>to buy unfortunately. I think silver is going to surprise

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<v Speaker 2>everyone because it's been lying in wait for forty five years,

302
00:16:00.039 --> 00:16:02.919
<v Speaker 2>and it's everybody's been waiting for silver to do its

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00:16:03.000 --> 00:16:09.480
<v Speaker 2>thing since nineteen eighty And you mentioned earlier, adjusted for inflation.

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<v Speaker 2>You're absolutely right. So in nineteen seventy nine gold or

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00:16:13.879 --> 00:16:15.960
<v Speaker 2>the end of seventy nine into eighty, gold went to

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00:16:16.480 --> 00:16:18.399
<v Speaker 2>over eight hundred dollars an ounce, So it went from

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00:16:18.919 --> 00:16:21.879
<v Speaker 2>thirty five dollars an ounce in nineteen seventy one to

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00:16:21.919 --> 00:16:24.000
<v Speaker 2>over eight hundred dollars an ounce in the end of

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00:16:24.039 --> 00:16:27.879
<v Speaker 2>nineteen seventy nine, And that was based off of it looked.

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<v Speaker 2>It seemed to be that the Fed and the Treasury's

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<v Speaker 2>goal of you know, whip inflation now and all the

312
00:16:35.039 --> 00:16:38.759
<v Speaker 2>rest of that didn't happen, and people were just in it.

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<v Speaker 2>Gold doubled by the from first quarter of seventy nine

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<v Speaker 2>all the way down to the end, and then there

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00:16:45.279 --> 00:16:48.320
<v Speaker 2>was some easing. You know, Paul Volker raised interest rates

316
00:16:48.360 --> 00:16:50.960
<v Speaker 2>to the teens and we've discussed this many times. So

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00:16:51.000 --> 00:16:53.240
<v Speaker 2>there was a contraction in the money supply, and eventually

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00:16:53.320 --> 00:16:59.159
<v Speaker 2>there was a you know, an easing of perceived inflation.

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<v Speaker 2>So silver took you know, went down from fifty two

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<v Speaker 2>dollars an ounce down to gosh, you know, almost nothing,

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00:17:06.000 --> 00:17:08.359
<v Speaker 2>and then gold went from eight hundred dollars an ounce

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00:17:08.400 --> 00:17:11.720
<v Speaker 2>down to about three hundred. So you're right, pricing for

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00:17:11.759 --> 00:17:14.440
<v Speaker 2>inflation if you looked at eight hundred dollars an ounce

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00:17:14.480 --> 00:17:18.720
<v Speaker 2>gold and seventy nine, we just crossed that line. So

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00:17:19.079 --> 00:17:22.000
<v Speaker 2>that priced into inflation thirty five I think thirty six

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00:17:22.079 --> 00:17:24.960
<v Speaker 2>hundred dollars an ounce was something like that is about

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<v Speaker 2>the adjusted for inflation mark of where we were in

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00:17:28.960 --> 00:17:32.079
<v Speaker 2>seventy nine with eight hundred dollars ounce gold. But we've

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00:17:32.119 --> 00:17:35.559
<v Speaker 2>not even gotten close with silver. If I said many times,

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<v Speaker 2>you know, fifty two dollars an ounce in eighty was

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00:17:38.759 --> 00:17:42.279
<v Speaker 2>like three hundred dollars today in purchasing power. Yeah, that's

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00:17:42.559 --> 00:17:44.640
<v Speaker 2>that's an estimation. So I think we've got a lot

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<v Speaker 2>of room to run. And all commodities. I mean, look

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00:17:48.079 --> 00:17:52.519
<v Speaker 2>at what's happening with platinum, palladium. Palladium is up I

335
00:17:52.559 --> 00:17:57.799
<v Speaker 2>think five hundred percent over the past many, like five years.

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<v Speaker 2>I think it's what's.

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<v Speaker 1>Anything that's real? Actually I get mister yeah, mister prom

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00:18:04.119 --> 00:18:07.160
<v Speaker 1>ten eleven says sober is up five dollars per ounce

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00:18:07.400 --> 00:18:10.920
<v Speaker 1>just in September, and he says, thank you, miss thank you, Tony.

340
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<v Speaker 3>So I appreciate that.

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00:18:13.440 --> 00:18:15.920
<v Speaker 1>And again, you know, we go back and we look

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<v Speaker 1>at the inflation that was happening in the seventies. You

343
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<v Speaker 1>mentioned it, you know, the WEP inflation now, the little

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00:18:20.920 --> 00:18:23.519
<v Speaker 1>wind buttons that Jeryll Ford want people to put on

345
00:18:23.519 --> 00:18:26.079
<v Speaker 1>their p What are we supposed to do to stop inflation?

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00:18:26.359 --> 00:18:30.559
<v Speaker 3>Right? They didn't know what to do to stop inflation.

347
00:18:31.960 --> 00:18:34.319
<v Speaker 1>Yeah, that's right. I mean they would really just talk

348
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<v Speaker 1>to us as if we were children. It's the same

349
00:18:35.920 --> 00:18:38.440
<v Speaker 1>administration came out with the this is your brain on

350
00:18:38.559 --> 00:18:41.279
<v Speaker 1>drugs thing, you know, the egg in a frying pan.

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<v Speaker 1>It's like they really do think that we're children. And

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<v Speaker 1>maybe they're right.

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<v Speaker 3>I don't know, but.

354
00:18:47.039 --> 00:18:47.599
<v Speaker 2>I never know. You.

355
00:18:48.680 --> 00:18:53.480
<v Speaker 3>Yeah, that's right. So when you go in, it's like, no,

356
00:18:53.599 --> 00:18:56.359
<v Speaker 3>I can't afford that none for me. Thanks. Yeah.

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<v Speaker 1>Yeah, I never figured out what my responsibility and inflation was.

358
00:19:00.680 --> 00:19:02.440
<v Speaker 3>I knew it is wise, but I didn't know what

359
00:19:02.480 --> 00:19:05.920
<v Speaker 3>mine was. Yeah, it's pretty.

360
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<v Speaker 2>Crazy's that really is? The crux of the matter is

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00:19:09.519 --> 00:19:15.200
<v Speaker 2>the fiat currency. Once you've untethered from value, and you

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00:19:15.240 --> 00:19:18.319
<v Speaker 2>mentioned earlier. You know, we've talked about the petro dollar.

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00:19:18.359 --> 00:19:22.640
<v Speaker 2>We had seemingly gold backed dollar until nineteen seventy one.

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<v Speaker 2>He wasn't legal for you to own gold. Jerald Ford

365
00:19:26.960 --> 00:19:31.039
<v Speaker 2>made that legal. I think in December nineteen seventy four,

366
00:19:31.119 --> 00:19:33.799
<v Speaker 2>you could finally own gold again legally in this country.

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<v Speaker 2>So we really didn't have the dollar had the perceived

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<v Speaker 2>backing of something. And we went off the petro dollar

369
00:19:43.799 --> 00:19:46.759
<v Speaker 2>pretty much officially last year, and you've seen the world

370
00:19:46.799 --> 00:19:50.079
<v Speaker 2>start moving away from using that by seeing it into energy.

371
00:19:50.480 --> 00:19:53.599
<v Speaker 2>So what's left, I think is the stable coin models

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00:19:53.599 --> 00:19:55.720
<v Speaker 2>that we've discussed. And I don't know how that's going

373
00:19:55.799 --> 00:19:57.799
<v Speaker 2>to work out for the dollar or what's going to

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00:19:57.799 --> 00:20:00.880
<v Speaker 2>go on, but in the meantime, everything's getting repriced.

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<v Speaker 3>Yeah, that's right, that's right.

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<v Speaker 1>Speaking of that, we got a couple of comments here,

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00:20:06.599 --> 00:20:10.240
<v Speaker 1>three little birds says, ask you, Tony, who will buy

378
00:20:10.359 --> 00:20:16.200
<v Speaker 1>gold or silver when it becomes so highly valued? I

379
00:20:16.240 --> 00:20:18.680
<v Speaker 1>think you're buying things with gold and silver, I think

380
00:20:18.799 --> 00:20:19.559
<v Speaker 1>is what you'll be doing.

381
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<v Speaker 2>Right.

382
00:20:20.279 --> 00:20:23.759
<v Speaker 1>Well, look at it, I'm sorry, go back and look

383
00:20:23.799 --> 00:20:26.720
<v Speaker 1>at the stories about the waymar Republic. You know, when

384
00:20:26.759 --> 00:20:30.079
<v Speaker 1>the paper money became worthless and people using wheelbearers full

385
00:20:30.119 --> 00:20:33.799
<v Speaker 1>of bit One guy became incredibly wealthy because early on

386
00:20:34.359 --> 00:20:36.720
<v Speaker 1>he got out of the currency and got into gold

387
00:20:36.799 --> 00:20:39.240
<v Speaker 1>and then he could basically buy whatever he wanted to

388
00:20:39.359 --> 00:20:40.240
<v Speaker 1>on the cheap.

389
00:20:40.559 --> 00:20:45.440
<v Speaker 2>Right, Well, the hardest money wins and those stories about

390
00:20:45.440 --> 00:20:49.400
<v Speaker 2>the Wymar Republic to the meltdown where somebody bought a

391
00:20:49.400 --> 00:20:52.319
<v Speaker 2>hotel for a twenty dollars gold piece, you know, because

392
00:20:52.440 --> 00:20:56.880
<v Speaker 2>the current priced in the currency, and that's the this

393
00:20:57.000 --> 00:21:01.640
<v Speaker 2>gets complicated if you've priced in your models based off

394
00:21:01.640 --> 00:21:03.720
<v Speaker 2>of currency. So you have a you know, have a

395
00:21:03.720 --> 00:21:09.359
<v Speaker 2>promisory note, you have a mortgage that's priced into the

396
00:21:10.079 --> 00:21:12.279
<v Speaker 2>currency at the time. It's one of the reasons why

397
00:21:13.079 --> 00:21:15.000
<v Speaker 2>you know, you had William Jennings Bryan at the end

398
00:21:15.039 --> 00:21:19.200
<v Speaker 2>of the nineteenth century with the Cross of Gold speech.

399
00:21:19.240 --> 00:21:21.799
<v Speaker 2>The currency had become so hard like the United States

400
00:21:21.880 --> 00:21:25.319
<v Speaker 2>was deflationary. It was harder and harder for the farmers

401
00:21:25.359 --> 00:21:28.559
<v Speaker 2>to you know, get liquid and pay off that their

402
00:21:28.599 --> 00:21:31.680
<v Speaker 2>their notes, and so that's why they call for free silver.

403
00:21:31.839 --> 00:21:34.759
<v Speaker 2>It's really the whole allegory of the Wizard of Oz

404
00:21:34.920 --> 00:21:37.279
<v Speaker 2>is all about that, with the yellow brick road and yeah,

405
00:21:37.960 --> 00:21:41.240
<v Speaker 2>you know Dorothy's slippers were originally silver. You know, she's

406
00:21:41.480 --> 00:21:43.359
<v Speaker 2>she tapped him to go back home. All the rest

407
00:21:43.359 --> 00:21:46.160
<v Speaker 2>of that. There's a there's an allegory there, but that

408
00:21:46.319 --> 00:21:49.440
<v Speaker 2>was the that was the the inverse, that was the

409
00:21:49.440 --> 00:21:53.319
<v Speaker 2>opposite problem. We had a currency that was so rigid

410
00:21:53.359 --> 00:21:56.160
<v Speaker 2>and harder and like it was deflationary, that it was

411
00:21:56.200 --> 00:21:58.880
<v Speaker 2>harder to get out of debt. Now, if you you know,

412
00:21:59.279 --> 00:22:02.960
<v Speaker 2>if you free up capital for a while, it looks

413
00:22:03.000 --> 00:22:05.119
<v Speaker 2>pretty good, like, oh, you can pay off dead a

414
00:22:05.119 --> 00:22:08.799
<v Speaker 2>lot easier. But then you start everything gets repriced and

415
00:22:08.839 --> 00:22:11.440
<v Speaker 2>so you know, an ounce of gold will go a

416
00:22:11.440 --> 00:22:16.279
<v Speaker 2>lot further. And you talk about that in relation to

417
00:22:16.440 --> 00:22:18.279
<v Speaker 2>what's known as Gresham's law, and I don't want to

418
00:22:18.279 --> 00:22:21.599
<v Speaker 2>get too technical. I don't think I'm the guy to

419
00:22:21.720 --> 00:22:25.160
<v Speaker 2>explain it, but it's Gresham's law is simply states that

420
00:22:26.920 --> 00:22:29.640
<v Speaker 2>when bad money enters a system, then good money goes

421
00:22:29.640 --> 00:22:31.519
<v Speaker 2>into the hiding. And so I always, you know, I

422
00:22:31.599 --> 00:22:35.440
<v Speaker 2>try to figure out what's the what's the end game

423
00:22:35.640 --> 00:22:37.319
<v Speaker 2>of Gresham's law? Well, how do you how does it

424
00:22:37.400 --> 00:22:41.039
<v Speaker 2>end up? Good money comes back? And that's the you know,

425
00:22:41.079 --> 00:22:45.839
<v Speaker 2>the proper money always reasserts itself. Gold always wins. If

426
00:22:45.880 --> 00:22:49.640
<v Speaker 2>you look at history, gold always comes back, Silver comes back,

427
00:22:49.720 --> 00:22:51.559
<v Speaker 2>and it can be pushed out for a while. And

428
00:22:51.640 --> 00:22:55.400
<v Speaker 2>I think that period between when they put down the

429
00:22:55.440 --> 00:22:57.720
<v Speaker 2>gold and silver rebellion, because I really think that's what

430
00:22:57.759 --> 00:23:00.359
<v Speaker 2>it was in nineteen eighty. As I look back and

431
00:23:00.400 --> 00:23:03.920
<v Speaker 2>you realize what happened with the Hunt family, you know,

432
00:23:03.960 --> 00:23:07.279
<v Speaker 2>they were deep stated. You know, I think they were

433
00:23:07.880 --> 00:23:10.720
<v Speaker 2>punished for exposing something that was wrong with the dollar

434
00:23:11.240 --> 00:23:13.680
<v Speaker 2>and making silver go up to fifty two dollars an ounce,

435
00:23:13.839 --> 00:23:16.559
<v Speaker 2>and and you know the rest is history with that,

436
00:23:16.640 --> 00:23:21.759
<v Speaker 2>because silver was nothing throughout the eighties. In the nineteen nineties,

437
00:23:21.799 --> 00:23:26.319
<v Speaker 2>Warren Buffett for a while seemingly cornered the silver market,

438
00:23:26.319 --> 00:23:28.640
<v Speaker 2>but nothing really happened. That's why you called it a

439
00:23:28.680 --> 00:23:31.200
<v Speaker 2>pet rock. You know, it said gold was like a

440
00:23:31.240 --> 00:23:33.079
<v Speaker 2>pet rock, or it didn't do anything and it just

441
00:23:33.079 --> 00:23:36.720
<v Speaker 2>sits there. Well, that's the whole point. It's it's not

442
00:23:36.799 --> 00:23:39.359
<v Speaker 2>supposed to it's supposed to sit there. It's supposed to

443
00:23:39.359 --> 00:23:43.039
<v Speaker 2>house value. It's supposed to be a monetary thing. Whereas

444
00:23:43.039 --> 00:23:47.240
<v Speaker 2>the dollar, you know, again the dollars with fiance currency

445
00:23:47.279 --> 00:23:50.599
<v Speaker 2>loses purchasing power. So we had that interim period between

446
00:23:50.640 --> 00:23:53.480
<v Speaker 2>the eighties and nineties and early two thousands where it

447
00:23:53.559 --> 00:23:58.279
<v Speaker 2>looked like fiat currency kind of at least stabilized enough.

448
00:23:58.319 --> 00:24:01.119
<v Speaker 2>But that's all. You know, three hundred dollars an ounce

449
00:24:01.279 --> 00:24:07.039
<v Speaker 2>gold David in two thousand and three and I remember

450
00:24:07.039 --> 00:24:10.440
<v Speaker 2>that because I was going into a rack, I bought

451
00:24:10.480 --> 00:24:16.359
<v Speaker 2>my first gold coins, and I remember, you know, the

452
00:24:16.400 --> 00:24:18.160
<v Speaker 2>dealer that I called put me in some I didn't

453
00:24:18.160 --> 00:24:19.359
<v Speaker 2>know what I was doing, so he put me in

454
00:24:19.440 --> 00:24:22.200
<v Speaker 2>numismatic collectibles that I never could get any value out of.

455
00:24:22.279 --> 00:24:24.960
<v Speaker 2>But if I just bought gold bullion, I'd have been

456
00:24:25.039 --> 00:24:28.240
<v Speaker 2>way way up wid wish I had that I invested

457
00:24:28.279 --> 00:24:31.640
<v Speaker 2>three thousand dollars in two thousand and three, I could

458
00:24:31.640 --> 00:24:33.240
<v Speaker 2>have got ten ounces of gold. I'd be looking a

459
00:24:33.279 --> 00:24:34.160
<v Speaker 2>lot better right now.

460
00:24:34.960 --> 00:24:37.680
<v Speaker 1>Well, you know, when we talk about these different scenarios,

461
00:24:37.720 --> 00:24:40.240
<v Speaker 1>you know, one of the scenarios is like the bayer

462
00:24:40.279 --> 00:24:43.400
<v Speaker 1>maor republic where the entire financial system collapses and the

463
00:24:43.440 --> 00:24:46.119
<v Speaker 1>currency collapses, and that type of thing, and that's where

464
00:24:46.119 --> 00:24:48.559
<v Speaker 1>you pay where you buy the hotel for a twenty

465
00:24:48.599 --> 00:24:50.599
<v Speaker 1>dollars gold piece type of thing. But then you also

466
00:24:50.759 --> 00:24:53.799
<v Speaker 1>have what happened in the seventies and eighties were because

467
00:24:53.960 --> 00:24:59.480
<v Speaker 1>of bad government policy, an number of different ways inflation

468
00:24:59.559 --> 00:25:02.960
<v Speaker 1>got out of hand, and eventually when they got that

469
00:25:03.079 --> 00:25:06.000
<v Speaker 1>under control, then gold came back down for a while.

470
00:25:06.039 --> 00:25:08.319
<v Speaker 1>But I think we're looking at something that is more

471
00:25:08.400 --> 00:25:12.720
<v Speaker 1>like the Ymar scenario and this fourth turning these institutions.

472
00:25:12.759 --> 00:25:17.559
<v Speaker 1>Everything is being changed, The international financial system is being

473
00:25:17.599 --> 00:25:21.200
<v Speaker 1>re engineered. All of these different things are happening. So

474
00:25:21.279 --> 00:25:23.839
<v Speaker 1>I think when you look at exploding debt in the

475
00:25:23.880 --> 00:25:27.400
<v Speaker 1>West and you look, you know, that's looking ymar like,

476
00:25:28.680 --> 00:25:32.079
<v Speaker 1>you've got the desire by the Russians and the Chinese

477
00:25:32.119 --> 00:25:35.839
<v Speaker 1>to completely change the financial system. This is something unlike

478
00:25:35.880 --> 00:25:38.519
<v Speaker 1>what we have seen before, and we could very well

479
00:25:38.559 --> 00:25:43.200
<v Speaker 1>be pushed into a worldwide depression, especially with Trump's capricious

480
00:25:43.200 --> 00:25:46.640
<v Speaker 1>and arbitrary tariffs that are happening out there. So you know,

481
00:25:46.799 --> 00:25:49.000
<v Speaker 1>that's that's really I think more of the scenario that

482
00:25:49.039 --> 00:25:52.799
<v Speaker 1>we're looking at. And as you point out, Tony, when

483
00:25:53.119 --> 00:25:55.960
<v Speaker 1>you have a collapse of that order, people are looking

484
00:25:56.000 --> 00:26:00.279
<v Speaker 1>for real money, for hard money for real assets. Falls

485
00:26:00.319 --> 00:26:05.319
<v Speaker 1>back to that and the FII currency becomes like Confederate dollars.

486
00:26:05.519 --> 00:26:08.839
<v Speaker 1>So I think maybe that's the answer. That's exactly right.

487
00:26:08.960 --> 00:26:10.000
<v Speaker 1>That's the one that I would give.

488
00:26:13.000 --> 00:26:15.759
<v Speaker 2>History shows us, you know, it's that old maximum of

489
00:26:16.240 --> 00:26:19.559
<v Speaker 2>the golden rule. He who has the gold max the rules,

490
00:26:20.200 --> 00:26:22.480
<v Speaker 2>And I mentioned earlier about where we were in nineteen

491
00:26:22.599 --> 00:26:26.920
<v Speaker 2>forty five, especially you know, post World War two, how

492
00:26:27.000 --> 00:26:30.640
<v Speaker 2>much wealth that the United States held and the rules

493
00:26:30.640 --> 00:26:33.119
<v Speaker 2>that it was able to make because of that, and

494
00:26:33.160 --> 00:26:37.279
<v Speaker 2>that's dissipated. It flowed out and because of our monetary policy.

495
00:26:37.359 --> 00:26:39.680
<v Speaker 2>You look at places, I mean Canada again, that's another

496
00:26:40.160 --> 00:26:43.359
<v Speaker 2>they fall into that fiat trap. Well we've got all

497
00:26:43.400 --> 00:26:45.319
<v Speaker 2>this currency and we've got a central bank. Well, so

498
00:26:45.400 --> 00:26:47.640
<v Speaker 2>what you know, do you have assets to back it up?

499
00:26:48.119 --> 00:26:51.680
<v Speaker 2>And that's the rest of the world is moving away

500
00:26:52.000 --> 00:26:54.599
<v Speaker 2>and has been moving away rapidly. And I think when

501
00:26:54.640 --> 00:26:56.240
<v Speaker 2>I was on last week and I was pointing out

502
00:26:56.279 --> 00:27:00.720
<v Speaker 2>that the Hong Kong gold depots the Toria, I thought

503
00:27:00.759 --> 00:27:03.240
<v Speaker 2>that was big news. It didn't get a lot of play,

504
00:27:03.279 --> 00:27:06.720
<v Speaker 2>but you know, the next week, Bloomberg's running a story

505
00:27:06.799 --> 00:27:10.720
<v Speaker 2>on China leveraging the Shanghai Gold Exchange in Hong Kong

506
00:27:12.200 --> 00:27:17.240
<v Speaker 2>to husher in a new you know, commodity pricing system.

507
00:27:17.680 --> 00:27:19.759
<v Speaker 2>And I think that's really important to watch as the

508
00:27:20.160 --> 00:27:23.960
<v Speaker 2>outflows continue to happen, and these especially the bricks nations

509
00:27:24.039 --> 00:27:26.599
<v Speaker 2>accumulate more and more monetary metal.

510
00:27:26.720 --> 00:27:28.839
<v Speaker 1>And they're doing that again. You know, the centers have

511
00:27:28.920 --> 00:27:33.400
<v Speaker 1>been London in New York, but there's been some scandals

512
00:27:33.440 --> 00:27:35.160
<v Speaker 1>involved in that. A lot of people wanted to get

513
00:27:35.200 --> 00:27:37.160
<v Speaker 1>their money out of New York as well as out

514
00:27:37.200 --> 00:27:40.480
<v Speaker 1>of London, and some difficulty in getting that. So I

515
00:27:40.480 --> 00:27:42.559
<v Speaker 1>think China sees an opportunity there.

516
00:27:44.160 --> 00:27:48.559
<v Speaker 2>Well, they're right, yeah, And the backbone of all of

517
00:27:48.599 --> 00:27:53.160
<v Speaker 2>this is trust, and I believe the West has eroded

518
00:27:53.160 --> 00:27:57.599
<v Speaker 2>its trust, and especially the dollar system and the weaponization

519
00:27:57.720 --> 00:28:03.519
<v Speaker 2>of the dollar. It was very mismanaged on purpose. I

520
00:28:03.599 --> 00:28:07.000
<v Speaker 2>was reading an old book by Jim Mars on the

521
00:28:07.039 --> 00:28:11.480
<v Speaker 2>plane yesterday was coming out here to to La and

522
00:28:11.519 --> 00:28:15.440
<v Speaker 2>it's ruled by secrecy, and it talks about James forrestall

523
00:28:15.880 --> 00:28:20.400
<v Speaker 2>that famous quote from James Forstall. You know who was

524
00:28:20.960 --> 00:28:23.559
<v Speaker 2>I think murdered, you know, I pushed out of a window,

525
00:28:23.720 --> 00:28:27.680
<v Speaker 2>but as enable hospital for his views as he was

526
00:28:27.680 --> 00:28:31.599
<v Speaker 2>the first Secretary of Defense and under Truman. But he

527
00:28:31.640 --> 00:28:33.440
<v Speaker 2>had that famous quote he said, you know, if they

528
00:28:34.200 --> 00:28:37.720
<v Speaker 2>were just stupid, then every once in a while, the

529
00:28:37.880 --> 00:28:40.200
<v Speaker 2>air in our favorite talking about the ruling elite, he said,

530
00:28:40.279 --> 00:28:42.960
<v Speaker 2>they never do. You know. That's how you know that

531
00:28:42.279 --> 00:28:45.440
<v Speaker 2>it's it's pretty brilliant and it's a plan except for,

532
00:28:45.519 --> 00:28:48.279
<v Speaker 2>you know, the controlled demolition of the dollar. We have

533
00:28:48.359 --> 00:28:52.200
<v Speaker 2>to really ask the question, and the control demolition of

534
00:28:52.240 --> 00:28:56.799
<v Speaker 2>this current monetary system, Shu bono, Who benefits? Really, who benefits?

535
00:28:56.839 --> 00:29:00.599
<v Speaker 2>Because we're watching the destruction of our montum in real

536
00:29:00.640 --> 00:29:03.720
<v Speaker 2>time and the vacuum that's.

537
00:29:03.519 --> 00:29:04.200
<v Speaker 3>Going to leave.

538
00:29:05.680 --> 00:29:07.640
<v Speaker 2>You just look at places like China, which I don't

539
00:29:07.640 --> 00:29:08.400
<v Speaker 2>think is a good thing.

540
00:29:08.880 --> 00:29:12.640
<v Speaker 1>That's right, absolutely. Well, you know, we've talked, always talked

541
00:29:12.640 --> 00:29:15.279
<v Speaker 1>about the economic system or anything. Let me get your

542
00:29:15.799 --> 00:29:19.000
<v Speaker 1>take on war, because we had quickly before we leave

543
00:29:19.039 --> 00:29:21.039
<v Speaker 1>the economic system. We've had a comment from three little

544
00:29:21.039 --> 00:29:22.880
<v Speaker 1>birds wants to know, Tony, do you think the future

545
00:29:22.880 --> 00:29:25.079
<v Speaker 1>could hold two separate economies?

546
00:29:29.319 --> 00:29:31.759
<v Speaker 2>Do I Do I think the future have two separate economies?

547
00:29:31.960 --> 00:29:35.480
<v Speaker 3>Yes, that is a question. May medancial systems.

548
00:29:35.759 --> 00:29:38.519
<v Speaker 2>Their example is a metals based one and an energy

549
00:29:38.640 --> 00:29:39.200
<v Speaker 2>based one.

550
00:29:39.279 --> 00:29:40.839
<v Speaker 3>But you know, will there'd be two separate ways of

551
00:29:40.880 --> 00:29:41.319
<v Speaker 3>doing business?

552
00:29:41.359 --> 00:29:44.440
<v Speaker 2>You're like the established method and then something other than that, say,

553
00:29:44.519 --> 00:29:49.400
<v Speaker 2>you know, gold silver. I think that's entirely possible. It's

554
00:29:49.400 --> 00:29:52.440
<v Speaker 2>going to take a while. Nothing like this happens rapidly.

555
00:29:52.480 --> 00:29:56.559
<v Speaker 2>Well maybe it's more gradually then suddenly probably, But I

556
00:29:56.599 --> 00:29:59.200
<v Speaker 2>don't think people are exactly ready for that yet. But

557
00:30:00.160 --> 00:30:03.920
<v Speaker 2>I think there will be, you know, different ways to

558
00:30:03.960 --> 00:30:07.440
<v Speaker 2>conduct business in parallel economies that we discussed for many years,

559
00:30:07.559 --> 00:30:14.000
<v Speaker 2>especially with decentralized tokens through crypto and then things like

560
00:30:14.119 --> 00:30:16.519
<v Speaker 2>gold and silver that are physical in the real world

561
00:30:16.559 --> 00:30:18.519
<v Speaker 2>that you can actually trade and hold in your hand.

562
00:30:18.680 --> 00:30:22.400
<v Speaker 2>I think that will make a that will make parallel economies.

563
00:30:22.440 --> 00:30:26.559
<v Speaker 2>I think naturally people want to have the best money.

564
00:30:27.359 --> 00:30:31.519
<v Speaker 2>And if the if the the money and from the

565
00:30:31.640 --> 00:30:35.559
<v Speaker 2>established order is constantly in flux or in danger, or

566
00:30:35.680 --> 00:30:38.480
<v Speaker 2>you've got to deal with social credit scores or anything

567
00:30:38.559 --> 00:30:41.440
<v Speaker 2>like that, you're going to naturally gravitate towards something that's

568
00:30:41.480 --> 00:30:44.119
<v Speaker 2>outside of that. It may not happen in a day,

569
00:30:44.400 --> 00:30:48.200
<v Speaker 2>but it will happen. That's I think that's a natural

570
00:30:48.279 --> 00:30:51.599
<v Speaker 2>human condition. History shows us that you can't you can't

571
00:30:51.640 --> 00:30:57.160
<v Speaker 2>debase your way out of economic downturns. The Romans learn

572
00:30:57.240 --> 00:31:00.759
<v Speaker 2>that many times by the way they did more than one.

573
00:31:01.440 --> 00:31:03.880
<v Speaker 2>You know, we've had the coin clipping and other things

574
00:31:03.920 --> 00:31:06.960
<v Speaker 2>when debasing the currency and then bringing it back. We

575
00:31:07.039 --> 00:31:12.279
<v Speaker 2>always see that nations rise on on sound money, you know,

576
00:31:12.400 --> 00:31:15.200
<v Speaker 2>empire has rise on sound money and economic nationalism, and

577
00:31:15.240 --> 00:31:18.400
<v Speaker 2>they decline on fiat currency and free trade.

578
00:31:18.640 --> 00:31:21.599
<v Speaker 1>Yes, And I think you know, once you get this

579
00:31:21.839 --> 00:31:25.839
<v Speaker 1>dominant Viat currency out of the way. You're going to

580
00:31:25.920 --> 00:31:28.720
<v Speaker 1>have the market trying a lot of different things, many

581
00:31:28.759 --> 00:31:32.720
<v Speaker 1>of them probably simultaneously, until they settle on maybe something

582
00:31:32.799 --> 00:31:34.799
<v Speaker 1>or one system. But I wanted to ask you about

583
00:31:34.799 --> 00:31:37.039
<v Speaker 1>war because you know, war is always a part of

584
00:31:37.079 --> 00:31:39.680
<v Speaker 1>these fourth turnings. You know, it begins with financial issues,

585
00:31:40.039 --> 00:31:42.160
<v Speaker 1>then they take us to war, as Gerald Slunty said,

586
00:31:42.599 --> 00:31:45.799
<v Speaker 1>and we've had Trump do a complete one eighty at

587
00:31:45.839 --> 00:31:49.039
<v Speaker 1>the UN. Now he's all in for Ukraine. They're going

588
00:31:49.079 --> 00:31:50.920
<v Speaker 1>to take back all their land and maybe even some

589
00:31:51.079 --> 00:31:53.480
<v Speaker 1>of Russia. He says, what do you what do you

590
00:31:53.480 --> 00:31:55.839
<v Speaker 1>think is happening with us? And it wasn't even I

591
00:31:55.880 --> 00:32:00.640
<v Speaker 1>think a full twenty four hours before we have Denmark

592
00:32:00.720 --> 00:32:02.799
<v Speaker 1>saying well, we've got drones in our airports. Again, this

593
00:32:02.839 --> 00:32:04.440
<v Speaker 1>has got to be the Russians, Let's go to war.

594
00:32:05.200 --> 00:32:07.279
<v Speaker 1>What do you think You're gonna take us to war

595
00:32:07.319 --> 00:32:07.960
<v Speaker 1>pretty quickly.

596
00:32:09.960 --> 00:32:13.079
<v Speaker 2>I think this is the most volatile situation that the

597
00:32:13.119 --> 00:32:16.480
<v Speaker 2>world has been in since nineteen sixty two, since the

598
00:32:16.519 --> 00:32:19.720
<v Speaker 2>Cuban missile crisis, honestly, and it's a sad thing to watch.

599
00:32:19.799 --> 00:32:25.039
<v Speaker 2>If you followed history or geopolitics, like I have an

600
00:32:25.079 --> 00:32:27.640
<v Speaker 2>interest in it and been part of the instrument of

601
00:32:27.759 --> 00:32:31.279
<v Speaker 2>failed foreign policy. I was a tiny cog in that

602
00:32:31.319 --> 00:32:36.960
<v Speaker 2>machine as a young man, watching some disastrous decisions unfold.

603
00:32:37.319 --> 00:32:43.960
<v Speaker 2>This is really unnerving, and I've warned against it for

604
00:32:44.000 --> 00:32:45.519
<v Speaker 2>a long time, and it seems to kind of go

605
00:32:45.559 --> 00:32:48.440
<v Speaker 2>away and then it'll come back. You know, the dressing

606
00:32:48.480 --> 00:32:51.160
<v Speaker 2>down of Zelensky at the White House. I wondered how

607
00:32:51.240 --> 00:32:55.039
<v Speaker 2>much of that was theater, because it seemed like, Oh,

608
00:32:55.039 --> 00:32:58.319
<v Speaker 2>we're making a move here, We're gonna finally put this

609
00:32:58.359 --> 00:33:01.359
<v Speaker 2>thing to bed, which was, you know, the established order

610
00:33:01.519 --> 00:33:05.119
<v Speaker 2>wants that war. They want NATO and Russia locked in

611
00:33:05.200 --> 00:33:11.880
<v Speaker 2>some sort of kinetic conflict. It's ideological reasons, it's territorial reasons,

612
00:33:11.519 --> 00:33:14.799
<v Speaker 2>it's financial reasons. That all of that's baked into that,

613
00:33:15.640 --> 00:33:20.079
<v Speaker 2>and that's something that I thought was so myopic. It's

614
00:33:20.079 --> 00:33:22.960
<v Speaker 2>so I think it's psychotic at the same time, and

615
00:33:23.000 --> 00:33:26.319
<v Speaker 2>they're focusing on one or two things, but the wider

616
00:33:26.400 --> 00:33:33.160
<v Speaker 2>picture is that the West is sleepwalking into a cataclysm.

617
00:33:33.480 --> 00:33:37.880
<v Speaker 2>You look at somebody like Zelenski. He said earlier, I

618
00:33:37.920 --> 00:33:41.640
<v Speaker 2>think in the last couple of days, he said that

619
00:33:41.640 --> 00:33:45.720
<v Speaker 2>that Russia either makes peace or they make bomb shelters. Wow,

620
00:33:46.000 --> 00:33:48.480
<v Speaker 2>that's the kind of rhetoric for a madman.

621
00:33:48.880 --> 00:33:49.400
<v Speaker 3>Yeah, it is.

622
00:33:49.519 --> 00:33:52.480
<v Speaker 1>And yet we're seeing that from European countries now. We've

623
00:33:52.480 --> 00:33:55.599
<v Speaker 1>seeing it from Poland, you're seeing it now from Denmark,

624
00:33:55.640 --> 00:33:57.960
<v Speaker 1>that they're all jumping into this. And you got the

625
00:33:58.000 --> 00:33:59.839
<v Speaker 1>Germans just calmly saying, well, we're going to have to

626
00:33:59.839 --> 00:34:02.000
<v Speaker 1>be able to take care of a couple of thousand

627
00:34:02.079 --> 00:34:05.359
<v Speaker 1>casualties a day here in our hospitals. That's what's coming in.

628
00:34:05.759 --> 00:34:08.920
<v Speaker 1>And they're setting up their military, they're looking how they're

629
00:34:08.960 --> 00:34:11.199
<v Speaker 1>going to get a larger army, all these different things.

630
00:34:11.239 --> 00:34:14.039
<v Speaker 1>They're just doing it. It's kind of a matter of

631
00:34:14.119 --> 00:34:17.559
<v Speaker 1>fact that it'sn't like there's not any panic about it.

632
00:34:17.559 --> 00:34:18.920
<v Speaker 1>It's just like, well, this is what we're going to

633
00:34:18.960 --> 00:34:21.239
<v Speaker 1>do now. And they're kind of telling everybody what they're

634
00:34:21.239 --> 00:34:21.679
<v Speaker 1>going to do.

635
00:34:23.199 --> 00:34:25.880
<v Speaker 2>And for what. Yeah, what is the point here? What

636
00:34:25.880 --> 00:34:28.719
<v Speaker 2>it would be the point of the sacrifice other than

637
00:34:28.840 --> 00:34:32.920
<v Speaker 2>some sort of ritualistic Lucidfarian agenda. I mean, I don't

638
00:34:33.000 --> 00:34:35.239
<v Speaker 2>see the point here. What is the point that they're

639
00:34:35.280 --> 00:34:41.000
<v Speaker 2>trying to make? What is the security threat to Europe

640
00:34:41.320 --> 00:34:44.480
<v Speaker 2>by Russia? If you leave it alone, I mean I

641
00:34:44.519 --> 00:34:48.480
<v Speaker 2>don't really understand it since for all the Soviet Union,

642
00:34:48.800 --> 00:34:53.960
<v Speaker 2>we've done everything to expand NATO, to interfere with even

643
00:34:54.039 --> 00:34:56.639
<v Speaker 2>like you look at the was it twenty fourteen, we

644
00:34:56.760 --> 00:35:02.679
<v Speaker 2>had the CIA back who in Ukraine the democratically elected

645
00:35:02.679 --> 00:35:07.519
<v Speaker 2>the leader from the fled to Russia the Orange Revolution

646
00:35:07.760 --> 00:35:11.119
<v Speaker 2>in two thousand and seven. We've done everything to get

647
00:35:11.199 --> 00:35:15.360
<v Speaker 2>us to this point. Is really on the West Russia.

648
00:35:15.880 --> 00:35:18.880
<v Speaker 2>I'm not a Rusiphile, and I don't I don't pretend

649
00:35:18.880 --> 00:35:20.880
<v Speaker 2>to think that Vladimir Putin is a great guy or

650
00:35:20.920 --> 00:35:24.400
<v Speaker 2>that you know, he's a sane actor. But at the

651
00:35:24.440 --> 00:35:27.039
<v Speaker 2>same time, we just look psychotic and schizophrenic.

652
00:35:27.119 --> 00:35:29.960
<v Speaker 1>I mean, well, it's NATO and we've broken our promise.

653
00:35:30.400 --> 00:35:34.320
<v Speaker 1>NATO was set up to fight Russia. When Soviet Union collapses,

654
00:35:34.440 --> 00:35:36.360
<v Speaker 1>it's like, oh, now what do we do? Right, And

655
00:35:36.400 --> 00:35:39.800
<v Speaker 1>we've had in the the Warsaw Pact. Yeah, yeah, exactly.

656
00:35:40.039 --> 00:35:43.280
<v Speaker 1>In the past, we've had NATO do Operation Gladio where

657
00:35:43.280 --> 00:35:46.880
<v Speaker 1>they staged terrorist attacks, kidnapped prime minister, killed him, all

658
00:35:46.880 --> 00:35:47.480
<v Speaker 1>that type of thing.

659
00:35:48.000 --> 00:35:48.280
<v Speaker 3>Uh.

660
00:35:48.400 --> 00:35:52.119
<v Speaker 1>These are people who are satanic and insane. They have

661
00:35:52.519 --> 00:35:57.719
<v Speaker 1>operated literally as terrorists in Italy and in Germany for

662
00:35:57.760 --> 00:36:00.320
<v Speaker 1>their political agenda. And these are the people who are

663
00:36:00.360 --> 00:36:03.599
<v Speaker 1>looking to do anything that they can in order to

664
00:36:03.679 --> 00:36:07.639
<v Speaker 1>preserve this institution. Mark Ruda, who tried to destroy all

665
00:36:07.760 --> 00:36:10.840
<v Speaker 1>farming in the Netherlands, gets mooted out. And where do

666
00:36:10.880 --> 00:36:13.760
<v Speaker 1>they put him as head of NATO because he's.

667
00:36:13.559 --> 00:36:14.320
<v Speaker 3>That kind of guy.

668
00:36:14.719 --> 00:36:18.440
<v Speaker 1>I mean, it's almost funny, except that it's so serious

669
00:36:18.800 --> 00:36:22.559
<v Speaker 1>because they're trying to drag us. They're determined to drag

670
00:36:22.639 --> 00:36:25.719
<v Speaker 1>us into World War three, no matter how flimsy the excuse.

671
00:36:25.880 --> 00:36:28.519
<v Speaker 1>I mean, we'll be drug into World War three over

672
00:36:28.679 --> 00:36:32.119
<v Speaker 1>some drones harassing an airport. I mean that sounds like

673
00:36:32.159 --> 00:36:35.039
<v Speaker 1>getting drug into a world war because some archduke was

674
00:36:35.079 --> 00:36:38.159
<v Speaker 1>assassinated somewhere and a place that we've never heard of before.

675
00:36:38.960 --> 00:36:41.280
<v Speaker 2>It's claz you've never heard of. That makes no sense.

676
00:36:41.320 --> 00:36:44.199
<v Speaker 2>And yeah, you run into people. I remember I was

677
00:36:44.239 --> 00:36:48.639
<v Speaker 2>at in Washington, d VC in twenty fourteen, and I

678
00:36:48.920 --> 00:36:52.719
<v Speaker 2>went up there to speak at an event for Congressman

679
00:36:52.800 --> 00:36:56.440
<v Speaker 2>around fall at the Capitol Grill. And before that they

680
00:36:56.480 --> 00:37:01.760
<v Speaker 2>had a little luncheon and somebody, some kid from the

681
00:37:01.920 --> 00:37:06.159
<v Speaker 2>Heritage Foundation was This was again right on the heels

682
00:37:06.159 --> 00:37:09.000
<v Speaker 2>of the Ron Paul Revolution, and there was a lot

683
00:37:09.000 --> 00:37:12.400
<v Speaker 2>of libertarian thought that was entering into conservatism, which I

684
00:37:12.400 --> 00:37:14.159
<v Speaker 2>thought was a great thing. And I was one of

685
00:37:14.159 --> 00:37:18.679
<v Speaker 2>those people, and they said, we've got to instruct people,

686
00:37:18.920 --> 00:37:21.440
<v Speaker 2>you know about even things like World War One. You know,

687
00:37:21.440 --> 00:37:23.880
<v Speaker 2>World War One was worth fighting and it was the

688
00:37:23.920 --> 00:37:25.800
<v Speaker 2>reason why we fought it. And I remember looking at

689
00:37:25.800 --> 00:37:28.960
<v Speaker 2>this luncheon and I'm like, am on a different planet,

690
00:37:29.079 --> 00:37:31.559
<v Speaker 2>Like what can you explain to me what that was?

691
00:37:31.679 --> 00:37:35.760
<v Speaker 2>I mean, modern historians really can't say why we fought this,

692
00:37:36.599 --> 00:37:39.719
<v Speaker 2>you know, have you cannon call it the Great Civil

693
00:37:39.760 --> 00:37:42.000
<v Speaker 2>War of the West, which was World War one and two?

694
00:37:42.480 --> 00:37:46.760
<v Speaker 2>Just this blood letting other than some ritualistic bankers. War

695
00:37:46.880 --> 00:37:49.920
<v Speaker 2>was what was the security measure? What was what was

696
00:37:49.960 --> 00:37:53.239
<v Speaker 2>it threat here? Other than the wealth and control of

697
00:37:53.280 --> 00:37:53.920
<v Speaker 2>the very few?

698
00:37:54.360 --> 00:37:55.599
<v Speaker 3>Yeah, I agree. Yeah.

699
00:37:56.039 --> 00:37:58.480
<v Speaker 1>One of my favorite movies, the first half of it

700
00:37:58.559 --> 00:38:02.320
<v Speaker 1>is Sergeant York. They gaslight him and give him to

701
00:38:02.320 --> 00:38:05.079
<v Speaker 1>go full you know, and this war it's like, no,

702
00:38:05.239 --> 00:38:06.440
<v Speaker 1>you're right the first time.

703
00:38:06.519 --> 00:38:07.559
<v Speaker 3>Don't let them trick you.

704
00:38:07.559 --> 00:38:09.880
<v Speaker 1>You know, wars when they tell us who to fight

705
00:38:10.199 --> 00:38:13.639
<v Speaker 1>revolutions when we figured out for ourselves. So you've got

706
00:38:13.639 --> 00:38:16.000
<v Speaker 1>a program that's coming up after this show don't you

707
00:38:16.320 --> 00:38:16.880
<v Speaker 1>are you doing that?

708
00:38:17.639 --> 00:38:19.679
<v Speaker 3>You're in California. You're still going to do today's show.

709
00:38:20.079 --> 00:38:22.599
<v Speaker 2>I'm still going to do today's show live from the

710
00:38:22.760 --> 00:38:24.760
<v Speaker 2>from the green room here in Thousand Oaks. I'm going

711
00:38:24.800 --> 00:38:27.039
<v Speaker 2>to do the arder burn radio transmission. So yeah, we'll

712
00:38:27.039 --> 00:38:29.480
<v Speaker 2>be live on Rumble in the America Plug channel and

713
00:38:30.039 --> 00:38:32.920
<v Speaker 2>live on my ex at Tony Arterburn. And I can't

714
00:38:32.920 --> 00:38:35.480
<v Speaker 2>believe I still do YouTube. Me and Jimmy Kimmel, We've

715
00:38:35.519 --> 00:38:39.719
<v Speaker 2>got YouTube. Now. I'll be over at Tony arderburn how

716
00:38:39.760 --> 00:38:40.440
<v Speaker 2>about you too?

717
00:38:40.559 --> 00:38:43.000
<v Speaker 1>So did they never take you off? They just they

718
00:38:43.159 --> 00:38:46.000
<v Speaker 1>just missed it or something. The sensors are well a long.

719
00:38:46.639 --> 00:38:48.880
<v Speaker 2>I've had other channels gone, but I just this time,

720
00:38:48.920 --> 00:38:51.360
<v Speaker 2>I just used my name. I just said I'm Tony

721
00:38:51.440 --> 00:38:54.199
<v Speaker 2>Ardburner at Tony Arderburner. We'll see how long they take

722
00:38:54.280 --> 00:38:56.199
<v Speaker 2>to figure out that's me over there.

723
00:38:56.239 --> 00:38:59.320
<v Speaker 1>And maybe, well maybe you got on there after Linda left.

724
00:38:59.719 --> 00:39:03.039
<v Speaker 1>She was so the Yacharina or whatever or.

725
00:39:03.119 --> 00:39:03.760
<v Speaker 2>She got about me.

726
00:39:03.920 --> 00:39:05.440
<v Speaker 3>Was that Susan LOGIKEI.

727
00:39:06.280 --> 00:39:08.960
<v Speaker 1>Yeah, that's right. Yeah, one of the Yacarina shoe is

728
00:39:08.960 --> 00:39:11.760
<v Speaker 1>that X. But well that's great. So you're gonna be

729
00:39:11.800 --> 00:39:16.760
<v Speaker 1>on x and YouTube right after this program, right during

730
00:39:16.800 --> 00:39:17.960
<v Speaker 1>the live broadcast.

731
00:39:17.519 --> 00:39:21.119
<v Speaker 2>Here right at twelve twelve eastern eleven am Central time,

732
00:39:21.159 --> 00:39:23.679
<v Speaker 2>will be will be live, So come join us over there.

733
00:39:23.719 --> 00:39:27.239
<v Speaker 2>And I still want to reiterate too on Davidknight dot

734
00:39:27.280 --> 00:39:30.159
<v Speaker 2>Gold if you, if anybody's in your listeners, there's a

735
00:39:30.199 --> 00:39:32.320
<v Speaker 2>there's a special tum running. It's just for David Night

736
00:39:32.360 --> 00:39:36.280
<v Speaker 2>listeners and my listeners. We've got some in house silver

737
00:39:36.440 --> 00:39:39.280
<v Speaker 2>silver deals and it's a hodgepodge of stuff. Like I

738
00:39:39.320 --> 00:39:41.800
<v Speaker 2>said yesterday, we were buying a lot of silver. So

739
00:39:41.800 --> 00:39:44.280
<v Speaker 2>to take advantage of that. If there's in house pricing,

740
00:39:45.320 --> 00:39:47.880
<v Speaker 2>we can beat a lot of the major retailers right

741
00:39:47.920 --> 00:39:50.199
<v Speaker 2>now and give you a pass on a great deal.

742
00:39:50.760 --> 00:39:53.719
<v Speaker 2>Can't promise exactly melt on everything, but we can get

743
00:39:53.800 --> 00:39:56.760
<v Speaker 2>really close to spot wow on some items. And it

744
00:39:56.840 --> 00:39:59.639
<v Speaker 2>could be you know, ten ounce coins, five ounces of

745
00:39:59.679 --> 00:40:04.280
<v Speaker 2>far and pre nineteen sixty five US silver. But I'd

746
00:40:04.320 --> 00:40:07.280
<v Speaker 2>even hate to sell it, honestly. I love I love,

747
00:40:07.400 --> 00:40:09.159
<v Speaker 2>I love selling it. I make a little bit, but

748
00:40:09.239 --> 00:40:11.960
<v Speaker 2>I'm trying to stockpile right now because I think that

749
00:40:12.039 --> 00:40:15.599
<v Speaker 2>price is going to keep moving because the dollar, you know,

750
00:40:16.360 --> 00:40:20.199
<v Speaker 2>the saying goes gold and silver and you know have

751
00:40:20.280 --> 00:40:22.760
<v Speaker 2>no no top because Fiat has no bottom.

752
00:40:23.440 --> 00:40:26.320
<v Speaker 1>That's a good thing and very true. Thank you so

753
00:40:26.400 --> 00:40:28.480
<v Speaker 1>much for joining us, Tony really do appreciate it. And again,

754
00:40:28.559 --> 00:40:31.440
<v Speaker 1>folks go to David Knight I Goldb'll take you Tony's

755
00:40:31.719 --> 00:40:34.039
<v Speaker 1>wise wolf Gold. Let him know that she came through us.

756
00:40:34.079 --> 00:40:34.360
<v Speaker 3>Thank you.

757
00:40:34.400 --> 00:40:50.920
<v Speaker 1>So the common man they created common Core dumbed down

758
00:40:50.960 --> 00:40:54.800
<v Speaker 1>our children. They created common Past to track and control us,

759
00:40:55.079 --> 00:40:59.000
<v Speaker 1>their Commons project to make sure the commoners own nothing

760
00:41:00.039 --> 00:41:04.599
<v Speaker 1>and the communist future. They see the common man as simple,

761
00:41:05.039 --> 00:41:09.960
<v Speaker 1>unsophisticated ordinary. But each of us has worth and dignity

762
00:41:10.159 --> 00:41:14.960
<v Speaker 1>created in the image of God. That is what we

763
00:41:15.039 --> 00:41:17.880
<v Speaker 1>have in common. That is what they want to take away.

764
00:41:18.719 --> 00:41:24.400
<v Speaker 1>Their most powerful weapons are isolation, deception, intimidation. They desire

765
00:41:24.440 --> 00:41:28.360
<v Speaker 1>to know everything about us while they hide everything from us.

766
00:41:29.360 --> 00:41:32.360
<v Speaker 1>It's time to turn that around and expose what they

767
00:41:32.400 --> 00:41:36.159
<v Speaker 1>want to hide. Please share the information and links you'll

768
00:41:36.199 --> 00:41:39.920
<v Speaker 1>find at the Davidknightshow dot com. Thank you for listening,

769
00:41:40.239 --> 00:41:48.400
<v Speaker 1>Thank you for sharing. If you can't support us financially,

770
00:41:48.599 --> 00:42:12.880
<v Speaker 1>please keep us in your prayers. Ddavidknightshow dot com