WEBVTT 1 00:00:05.360 --> 00:00:08.000 Well, let's get in touch with wise Wolf Tony Rdeman himself, 2 00:00:08.000 --> 00:00:11.080 who happens to be on the line, and welcome Tony. 3 00:00:11.160 --> 00:00:13.839 Good to have you one, always good to see you, David. 4 00:00:14.400 --> 00:00:16.760 I just looked out my front door here and it's 5 00:00:16.960 --> 00:00:20.120 it's snowing in North Texas, has got a snowstorm coming, 6 00:00:20.160 --> 00:00:22.839 and wow, it makes you makes you wonder how those 7 00:00:22.920 --> 00:00:25.480 warm waters down in the Gulf of America are right now, 8 00:00:25.519 --> 00:00:25.640 you know. 9 00:00:25.640 --> 00:00:28.399 I wonder if you get down there and just be 10 00:00:28.480 --> 00:00:29.079 on vacation. 11 00:00:29.199 --> 00:00:31.079 My dog is my dog Beans jumped up in my 12 00:00:31.160 --> 00:00:33.880 lap because it's actually pretty windy, and there's supposed to 13 00:00:34.479 --> 00:00:36.920 supposed to be a lot of snowfall and more than 14 00:00:36.960 --> 00:00:38.960 we usually get in the winter time here in the 15 00:00:38.960 --> 00:00:39.880 next day or so. 16 00:00:40.159 --> 00:00:42.240 Well, hopefully your power grade's going to hang in there 17 00:00:42.240 --> 00:00:44.920 this time. I remember when that happened and we were 18 00:00:44.920 --> 00:00:47.560 in Texas who wound up doing a show by candlelight. 19 00:00:47.679 --> 00:00:50.880 I remember that and cell phone, and I remember the 20 00:00:50.960 --> 00:00:53.600 second day we did it. As it warmed up, we 21 00:00:53.640 --> 00:00:56.840 realized that a pipe had burst in our kitchen and 22 00:00:57.159 --> 00:01:02.079 so it had Whistler holding the camera there and Travis 23 00:01:02.079 --> 00:01:05.040 and Karen were mopping and I'm trying to do this, 24 00:01:05.319 --> 00:01:08.439 and it was. It was pretty crazy, but hopefully that 25 00:01:08.480 --> 00:01:12.079 won't happen this time. But we got a lot of 26 00:01:12.079 --> 00:01:13.760 things to talk about. I mean, we just had the 27 00:01:13.799 --> 00:01:18.120 Federal Federal Reserves Open Market Committee and headline says that 28 00:01:18.319 --> 00:01:23.400 almost all quote almost all Federal Fed members see higher 29 00:01:23.439 --> 00:01:27.519 inflation coming. What about that? And they think it's because 30 00:01:27.519 --> 00:01:30.239 of Trump's. 31 00:01:29.760 --> 00:01:32.920 Remind me of the Carson to the Karnak trip trick 32 00:01:32.959 --> 00:01:36.000 where you hold the envelope up to his forehead, because 33 00:01:36.319 --> 00:01:39.120 it's funny, like, are we we're going to see some inflation? 34 00:01:39.239 --> 00:01:41.079 They're like, by the way, we're going to cut rates, 35 00:01:41.120 --> 00:01:43.760 you know, like of course, And they're talking about this 36 00:01:43.879 --> 00:01:47.879 in the around June or so of twenty twenty five 37 00:01:47.959 --> 00:01:52.319 here in cutting rates, and I mean, this is again transitory. 38 00:01:52.599 --> 00:01:53.439 It was transitory. 39 00:01:53.439 --> 00:01:56.799 Both Janet Yelling and Rome pal said that inflation was transitory. 40 00:01:57.719 --> 00:01:59.760 And then they said, no, we have to We're going 41 00:01:59.799 --> 00:02:01.439 to do something. We're very hawkish, we're going to do 42 00:02:01.519 --> 00:02:03.680 We're gonna roll it back. It's going to be tamed. 43 00:02:03.840 --> 00:02:06.599 And then they just figured out they couldn't do it anyway, 44 00:02:06.599 --> 00:02:09.599 even with raising interest rates faster than any time in 45 00:02:09.680 --> 00:02:12.879 history any other fed shair did Drome Powell, and we 46 00:02:12.919 --> 00:02:15.439 saw the effects on that economy started to stall. What 47 00:02:15.439 --> 00:02:17.759 do they do because we're built on debt, we're built 48 00:02:17.759 --> 00:02:20.840 on cheap Fiat currency, and there's no way out. They're 49 00:02:20.840 --> 00:02:24.080 gonna have to inflate their way out of every issue. Yeah, 50 00:02:24.120 --> 00:02:26.400 it's why it's so silly to the you know, the 51 00:02:26.400 --> 00:02:30.319 mainstream headlines soon talking about earnings and other things. Until 52 00:02:30.319 --> 00:02:32.960 we get a grip on, you know, what causes inflation 53 00:02:33.280 --> 00:02:35.680 and the devaluation of our currency, then none of these 54 00:02:35.719 --> 00:02:38.039 economic issues are going to be solved. 55 00:02:38.080 --> 00:02:40.199 Oh yeah, well we know and they know, but they're 56 00:02:40.240 --> 00:02:41.719 not going to do anything about it, you know. And 57 00:02:41.800 --> 00:02:44.560 you talk about how fast he raised interest rates, I'll 58 00:02:44.560 --> 00:02:46.199 never forget, you know, back at the beginning of this 59 00:02:46.280 --> 00:02:48.199 fourth turning two thousand and seven, two thousand and eight, 60 00:02:48.280 --> 00:02:50.919 you know, he starts that had really low rates for 61 00:02:50.919 --> 00:02:53.520 a very long time, and then they start raising them 62 00:02:53.759 --> 00:02:55.680 a quarter like every month, you know, and just like 63 00:02:55.719 --> 00:02:59.560 a stairstep until they got high enough that they helped 64 00:02:59.680 --> 00:03:03.080 cause the bubble to burst. And then this time around, 65 00:03:03.159 --> 00:03:05.439 he doesn't do it a quarter each time, he's doing 66 00:03:05.479 --> 00:03:07.960 it three quarters each time. Three quarters of a point 67 00:03:08.000 --> 00:03:11.560 each time, so seventy five basis points. Yeah, who would 68 00:03:11.599 --> 00:03:13.599 have thought that this type of thing would happen. And 69 00:03:13.680 --> 00:03:19.120 yet as they're looking forward, they're also saying that they're 70 00:03:19.120 --> 00:03:22.360 talking about inflation. You know, as we look at these 71 00:03:22.400 --> 00:03:28.479 interest rates, though, it's interesting how as they keep dropping 72 00:03:28.479 --> 00:03:31.639 the interest rates, the long term bond market believes that 73 00:03:31.680 --> 00:03:33.680 there's going to be a lot of inflation, and so 74 00:03:33.719 --> 00:03:35.800 they keep raising the rates. And that's one of the 75 00:03:35.840 --> 00:03:38.520 reasons why the home mortgage rates are going up even 76 00:03:38.520 --> 00:03:41.120 as these guys are cutting the rates. It's because in 77 00:03:41.159 --> 00:03:43.719 the marketplace where people are buying the bonds, that's where 78 00:03:43.759 --> 00:03:45.960 they're bidding that stuff up, because they're not buying it either. 79 00:03:46.319 --> 00:03:49.319 You know, it's just a lie, and so the interests. 80 00:03:49.520 --> 00:03:53.120 As they keep pretending that inflation is not a problem, 81 00:03:53.199 --> 00:03:55.919 the market says otherwise, and that's why you keep seeing 82 00:03:55.960 --> 00:03:58.479 the home mortgage rates go up. 83 00:03:59.240 --> 00:04:01.199 Yeah, and it may be cheaper for the banks to 84 00:04:01.199 --> 00:04:03.400 borrow and go directly to the FED, but they don't 85 00:04:03.400 --> 00:04:05.280 want to pass that on to consumers because they don't 86 00:04:05.319 --> 00:04:07.479 believe in the strength of the economy. That's exactly what 87 00:04:07.479 --> 00:04:11.039 they're signaling. They don't believe in the strength of the 88 00:04:11.039 --> 00:04:13.120 borrowers to pay back those loans. And they're going to 89 00:04:13.199 --> 00:04:15.319 make money. That's what they're going to do. They're gonna put. 90 00:04:15.240 --> 00:04:17.319 They have they have the cash, they have the funds. 91 00:04:17.519 --> 00:04:19.519 They're going to hoard it, just like they did after 92 00:04:20.120 --> 00:04:23.360 two thousand and nine, you know, the dark bailouts and 93 00:04:23.959 --> 00:04:27.480 Hank Paulson begging Nancy Pelosi for it. Seems quaint now, 94 00:04:27.519 --> 00:04:29.800 but it was supposed to be like the seven hundred 95 00:04:29.800 --> 00:04:33.120 billion that they needed to cover the shortfall through the treasury. 96 00:04:33.160 --> 00:04:35.480 And now we just look at that, and I'm towing 97 00:04:35.519 --> 00:04:39.720 you off air that Jednet Yelling is saying that she 98 00:04:39.839 --> 00:04:42.519 thinks that the COVID stimulus may have had an impact 99 00:04:42.519 --> 00:04:43.160 on inflation. 100 00:04:45.319 --> 00:04:47.120 Only the best minds, David and era. 101 00:04:47.199 --> 00:04:50.079 Where when we look when we make two thousand and 102 00:04:50.279 --> 00:04:54.600 nine look tame and a bygone era. You know when 103 00:04:54.680 --> 00:04:56.959 when they bailed out for the Great Recession. Now we 104 00:04:57.120 --> 00:05:00.160 just do that again. It's it's it's a trillion in 105 00:05:00.199 --> 00:05:02.319 debt every hundred days. And I think you and I 106 00:05:02.439 --> 00:05:05.560 even calculated the one of the last quarter of twenty 107 00:05:05.600 --> 00:05:09.319 twenty four, it was like every ninety days. There's like 108 00:05:09.360 --> 00:05:11.319 two point three trillion or something like that. 109 00:05:11.519 --> 00:05:15.519 Yeah, yeah, it's accelerating, it's accelerating, it's you know, it's 110 00:05:15.519 --> 00:05:20.040 going up exponentially. So yeah, maybe when we're talking about that, 111 00:05:20.079 --> 00:05:22.199 I joked and said, well, maybe she had some revelation 112 00:05:22.279 --> 00:05:26.720 when she was on mushrooms famously doing that in China 113 00:05:27.199 --> 00:05:32.040 and then coming out and bowing incessantly. You know, yeah, 114 00:05:32.079 --> 00:05:36.279 we got what is it? The term was not kleptocracy, 115 00:05:36.360 --> 00:05:40.279 which is ruled by thieves, but we have a cacistocracy, 116 00:05:40.399 --> 00:05:42.959 which is the rules by the rule by the worst 117 00:05:42.959 --> 00:05:45.680 people that you could possibly have, and that Janet Yellen 118 00:05:46.000 --> 00:05:48.759 has to have her picture right there in the dictionary 119 00:05:48.800 --> 00:05:54.040 next to cacistocracy and Biden the best's mind. 120 00:05:55.920 --> 00:05:59.759 People like Janet Yelling really show you that they're not 121 00:05:59.800 --> 00:06:02.000 in charge. You know that there's no way that they 122 00:06:02.000 --> 00:06:04.959 could run something as complicated as the US Treasury or 123 00:06:05.839 --> 00:06:08.439 it's an it's like a plant to make sure that 124 00:06:08.519 --> 00:06:10.319 she runs it the way like kind of like a 125 00:06:10.360 --> 00:06:12.800 mobster would pick a real estate agent or something to 126 00:06:12.879 --> 00:06:13.720 run the casino. 127 00:06:16.519 --> 00:06:19.279 So what Trump did trying to figure out how he 128 00:06:19.319 --> 00:06:21.720 managed to bankrupt so many different casinos? One of these 129 00:06:21.759 --> 00:06:24.279 almost got a license to print money, you know, but 130 00:06:24.519 --> 00:06:26.399 maybe he hired a real estate agent to run it. 131 00:06:26.480 --> 00:06:28.120 I know he hired a real estate agent to try 132 00:06:28.120 --> 00:06:30.480 to get that uh that house that he wanted a 133 00:06:30.480 --> 00:06:32.800 parking lot for it was it was straight out of 134 00:06:32.920 --> 00:06:34.839 up you know. He had some widow who had a 135 00:06:34.879 --> 00:06:37.519 home and he wanted to buy. She didn't want to 136 00:06:37.560 --> 00:06:40.600 sell it, and so he went to the local government 137 00:06:40.600 --> 00:06:42.480 and got them to condemn it, take her home and everything, 138 00:06:42.519 --> 00:06:45.120 and then he declared bankruptcy and shut his casino down. Anyway, 139 00:06:45.160 --> 00:06:48.319 but let's talk about gold, because we see that China's 140 00:06:48.519 --> 00:06:51.600 demand is going up and gold and the headline is 141 00:06:52.319 --> 00:06:56.439 gold gains on technical buying as well as China demand. 142 00:06:56.439 --> 00:06:58.079 And of course the technical buying is going to be 143 00:06:58.120 --> 00:07:00.519 things that are be looking at what's going to happen 144 00:07:00.519 --> 00:07:02.560 with inflation and other issues like that. 145 00:07:02.680 --> 00:07:07.360 Right well, absolutely, And you know there's something interesting about China. 146 00:07:07.399 --> 00:07:10.600 They bought the dip whatever they're running their calculations. 147 00:07:10.600 --> 00:07:11.560 These are long term. 148 00:07:11.600 --> 00:07:14.000 It's something China's been doing since the beginning of this 149 00:07:14.120 --> 00:07:17.040 century and buying off the books, and you had to 150 00:07:17.079 --> 00:07:19.879 wonder about that. They're not open about their goal buying. 151 00:07:19.920 --> 00:07:21.959 I remember stories that would pop up in the last 152 00:07:22.000 --> 00:07:24.839 thirty six months where you know, there'd be some giant 153 00:07:24.839 --> 00:07:28.319 goal purchase and then somebody would sleuth and find that, 154 00:07:28.360 --> 00:07:31.519 you know, it's a subsidiary of the Chinese government that's 155 00:07:31.519 --> 00:07:34.759 buying this gold, so they didn't want the world. 156 00:07:34.600 --> 00:07:35.839 To know what they were doing. 157 00:07:36.240 --> 00:07:38.600 I think there will be a big reveal eventually and 158 00:07:38.600 --> 00:07:41.360 they'll just say we have more gold in the US. 159 00:07:41.560 --> 00:07:42.839 I think that they actually do. 160 00:07:42.920 --> 00:07:45.480 I mean, I've seen research from you know, a journalist 161 00:07:45.560 --> 00:07:49.600 over at Kiko speculating that China has close to sixteen 162 00:07:49.680 --> 00:07:52.800 thousand tons of gold because they've been buying literally since 163 00:07:53.600 --> 00:07:56.920 really just calculating where the trade deficits were going and 164 00:07:56.959 --> 00:08:00.120 what was happening with the US manufacturing base, and they 165 00:08:00.199 --> 00:08:02.959 slipped in at the end of the twentieth century. 166 00:08:03.000 --> 00:08:06.040 They got that deal from George W. 167 00:08:06.160 --> 00:08:10.240 Bush with most Favored Trading Status with a WTO on 168 00:08:10.319 --> 00:08:13.279 December eleventh, two thousand and one, ninety days after nine 169 00:08:13.319 --> 00:08:15.879 to eleven. And since then, you know, it's fifty five 170 00:08:15.920 --> 00:08:19.439 thousand factories were gone within five years, you know, one 171 00:08:19.439 --> 00:08:21.959 in three manufacturing jobs those were gone. 172 00:08:22.000 --> 00:08:24.360 So they that again they had to go somewhere. 173 00:08:24.959 --> 00:08:28.079 People were funny about trade deficits, Well there's you know, 174 00:08:28.079 --> 00:08:30.079 it's not in a vacuum. It has to go somewhere 175 00:08:30.079 --> 00:08:32.720 if there's a deficit, and the surplus went to China. 176 00:08:32.799 --> 00:08:35.919 So in my estimation, I think these articles are going 177 00:08:35.960 --> 00:08:38.799 to continue to come out where you see China as 178 00:08:38.840 --> 00:08:41.639 the leader in the gold business, in gold buying. 179 00:08:41.960 --> 00:08:45.159 They have sixty thousand gold mines. This is worth examining. 180 00:08:45.200 --> 00:08:48.720 And what happens if the US, you know, starts to 181 00:08:48.759 --> 00:08:52.320 try to be ham fisted about its trade policies, like 182 00:08:52.360 --> 00:08:54.759 with Trump talking about you know, one hundred percent tariffs 183 00:08:54.799 --> 00:08:58.279 on countries that don't use King dollar. What happens when 184 00:08:58.279 --> 00:09:01.919 the Chinese say, well, actually we have you know, when 185 00:09:01.960 --> 00:09:05.240 gold remonetizes, we have the the gold reserves you know, 186 00:09:05.360 --> 00:09:07.159 used to be the US with eight thousand and a 187 00:09:07.159 --> 00:09:08.960 half tons or whatever it is. I don't. 188 00:09:09.120 --> 00:09:11.120 I don't necessarily believe it anymore. I don't. 189 00:09:11.399 --> 00:09:14.039 We haven't had an audit since the fifties, so that 190 00:09:14.120 --> 00:09:15.000 is an open question. 191 00:09:15.120 --> 00:09:17.039 I think I think Goldfinger got at all. 192 00:09:20.440 --> 00:09:23.320 Goldfinger that was when everybody talked about all the gold 193 00:09:23.360 --> 00:09:25.840 being in Fort Knox and you know, but is there 194 00:09:25.840 --> 00:09:27.480 any gold in Fort Knox? Who knows. 195 00:09:28.000 --> 00:09:31.840 Definitely we have you know, we have bond villains h Davos, 196 00:09:31.919 --> 00:09:33.159 for sure, one of them's. 197 00:09:32.960 --> 00:09:35.960 Got that's right. Well, you know you said that China 198 00:09:36.159 --> 00:09:40.240 buys the dips. They bought ten tons of gold in 199 00:09:40.279 --> 00:09:45.360 December because you know, everybody else is so excited about Trump. 200 00:09:45.519 --> 00:09:48.759 That's why we put that in that commercial ukon Cornelius. 201 00:09:48.799 --> 00:09:52.159 You know, well, trump euphoria has got everybody saying, well, 202 00:09:52.200 --> 00:09:55.159 we're gonna get crypto, We're not going to get gold. Well, 203 00:09:55.840 --> 00:09:57.840 China went to the gold and bought that dip. 204 00:09:58.919 --> 00:10:01.480 Well absolutely I did too. You know, we bought it 205 00:10:01.519 --> 00:10:03.759 for a wolf pack and I see that again. The 206 00:10:03.759 --> 00:10:06.200 fundamentals are all still there. What drove the price of 207 00:10:06.240 --> 00:10:09.600 gold to record highs? I mean, we forget gold broke 208 00:10:09.720 --> 00:10:13.720 it's all time high, like was it like thirty times 209 00:10:13.799 --> 00:10:17.879 or something in two and twenty four, And before that 210 00:10:17.919 --> 00:10:20.240 it was gaps of years and years. I mean, in 211 00:10:20.279 --> 00:10:25.039 twenty eleven to twenty and twenty there was no ath, 212 00:10:25.080 --> 00:10:28.240 no all time high for gold. But in twenty twenty four, 213 00:10:28.399 --> 00:10:30.600 like thirty something times, and it was happening weekly. 214 00:10:30.639 --> 00:10:32.039 I could come on the show here and we talk 215 00:10:32.080 --> 00:10:32.519 about it. 216 00:10:32.919 --> 00:10:36.120 So we already knew that that was going to continue 217 00:10:36.159 --> 00:10:39.080 the fundamentals, and nothing really changes with the election except 218 00:10:39.120 --> 00:10:44.000 for some proposed you know, crypto deregulation or being crypto 219 00:10:44.120 --> 00:10:47.639 friendly for a bitcoin which is driven the price of bitcoin, 220 00:10:47.679 --> 00:10:49.639 And we'll see what happens there. I mean, we were 221 00:10:49.639 --> 00:10:54.440 talking off air about the Strategic Bitcoin Reserve maybe not 222 00:10:54.519 --> 00:10:57.639 going forward or losing momentum or steam ors. Is Trump 223 00:10:57.639 --> 00:11:00.000 going to back out on that, That's an open question. 224 00:11:00.759 --> 00:11:04.120 He was really supported by the bitcoin community and those 225 00:11:04.159 --> 00:11:08.120 in the crypto space, so we'll see. I mean, I've 226 00:11:08.480 --> 00:11:11.720 lived through the Trump presidency. I remember things. 227 00:11:11.759 --> 00:11:12.279 I know. 228 00:11:12.360 --> 00:11:17.000 I'm not supposed to gorvedal the United States of amnesia. 229 00:11:17.279 --> 00:11:20.879 I try not to join that crowd, but I remember. 230 00:11:20.679 --> 00:11:24.399 You know, twenty seventeen to twenty twenty one and what 231 00:11:24.480 --> 00:11:25.639 policies came out of that. 232 00:11:25.679 --> 00:11:27.840 So I'm skeptical. I'm just going to continue to do 233 00:11:27.879 --> 00:11:28.360 what I do. 234 00:11:28.360 --> 00:11:31.519 Regardless of the politics, because I know, when we live 235 00:11:31.559 --> 00:11:34.799 in a world of fiat and fake and debt, the 236 00:11:34.840 --> 00:11:39.960 world is completely over leveraged. I mean, the corporate bankruptcies 237 00:11:40.360 --> 00:11:44.600 are up, I mean massively this year. The debt, the 238 00:11:44.600 --> 00:11:47.279 corporate debt is staggering, and then the course of the 239 00:11:47.279 --> 00:11:51.159 government debt is absolutely out of control. So none of 240 00:11:51.200 --> 00:11:53.639 those things are going to be fixed. And I know that, 241 00:11:53.759 --> 00:11:57.240 and that means that commodities and things with finite resources 242 00:11:57.320 --> 00:11:58.759 will will win the day. 243 00:11:59.039 --> 00:12:01.720 And it's not just a Maria. It's countries all over 244 00:12:01.759 --> 00:12:05.639 the world that are getting huge leverage of debt. It's corporations, 245 00:12:05.720 --> 00:12:09.919 it's consumers, everybody's going into debt. But yeah, I like that. 246 00:12:09.960 --> 00:12:14.519 We should talk about MAGA being make Amnesia great again. 247 00:12:16.200 --> 00:12:19.080 That's the whole secret of success for Trump is to 248 00:12:19.120 --> 00:12:21.960 make am Nietze great. Uh, And they're gonna do it again. 249 00:12:22.039 --> 00:12:24.679 And that's where we are right now. Yeah, The Atlantic 250 00:12:24.759 --> 00:12:30.440 had an article talking about the Great crypto Crash and 251 00:12:30.480 --> 00:12:35.360 they said Trump is going to usher in a speculative frenzy. 252 00:12:35.919 --> 00:12:38.279 And that's the thing, you know, regardless of the fundamentals 253 00:12:38.320 --> 00:12:40.879 of gold or bitcoin or the economy or anything else 254 00:12:40.919 --> 00:12:44.120 like that, I get concerned when I see frenzies when 255 00:12:44.120 --> 00:12:47.799 I you know, because frenzies always wind up creating bubbles, 256 00:12:47.799 --> 00:12:51.080 and bubbles always burst at some point the other. And 257 00:12:51.480 --> 00:12:53.600 that's the key thing, you know, when even when you 258 00:12:53.639 --> 00:12:57.559 look at AI and the stocks around that because AI 259 00:12:57.759 --> 00:13:01.840 was a AI stocks were driving the stock market this 260 00:13:01.919 --> 00:13:06.240 last year. You get ahead of expectations in a frenzy, 261 00:13:06.799 --> 00:13:12.240 and sooner or later somebody says, wait a minute, this 262 00:13:12.440 --> 00:13:15.679 can't possibly work out with this kind of optimism, and 263 00:13:16.120 --> 00:13:18.200 a few people start to leave the exits. And then again, 264 00:13:18.320 --> 00:13:23.039 because you know, we're talking about a mass psychology, everybody 265 00:13:23.080 --> 00:13:26.039 starts running for the exits then, you know, And we 266 00:13:26.080 --> 00:13:28.200 saw that with a dot com first. I mean, certainly 267 00:13:28.240 --> 00:13:30.000 the Internet was a real thing and it was going 268 00:13:30.080 --> 00:13:32.919 to be there, So we could see that with AI. 269 00:13:33.240 --> 00:13:35.799 We could see that with the crypto optimism. There's a 270 00:13:35.879 --> 00:13:39.000 lot of deregulation's going to happen. They've done a very 271 00:13:39.480 --> 00:13:44.000 quick whiplash from Biden, who was doing everything he could 272 00:13:44.679 --> 00:13:49.000 to either outright prohibit it or regulate it into oblivion. 273 00:13:49.559 --> 00:13:52.360 And you go from that to somebody who is talking 274 00:13:52.360 --> 00:13:56.919 about maybe even making it part of the reserve. Don't 275 00:13:56.919 --> 00:13:59.120 think that's going to happen. But you know, this kind 276 00:13:59.120 --> 00:14:01.759 of whip actually is there has really created a lot 277 00:14:01.799 --> 00:14:04.399 of market frenzy, hasn't it. 278 00:14:04.399 --> 00:14:04.799 It has? 279 00:14:04.919 --> 00:14:08.480 And that is concerning I like steady the bubbles and 280 00:14:08.519 --> 00:14:11.519 the frenzy and the euphoria of all that, and there's 281 00:14:11.559 --> 00:14:13.360 a lot of hype, and that's where you get the 282 00:14:13.360 --> 00:14:16.399 pump and dump, and we know the economy everything's fake. 283 00:14:16.440 --> 00:14:18.840 I mean, it stems back from our currency. And that's 284 00:14:18.840 --> 00:14:21.559 the argument I have every week from about every every 285 00:14:21.559 --> 00:14:23.759 time I come on my show, and I'm just gonna 286 00:14:23.799 --> 00:14:24.519 be talking about that. 287 00:14:24.639 --> 00:14:28.399 You look at the metrics of fart coin, baby. 288 00:14:28.200 --> 00:14:31.279 It's like the ultronate bubble, right, it's the. 289 00:14:31.279 --> 00:14:33.720 Ultimate I mean this is and what does that even mean? 290 00:14:33.799 --> 00:14:36.879 Like what these mean coins and other things and what 291 00:14:36.960 --> 00:14:39.639 it leads to in my estimation, and this could be 292 00:14:40.399 --> 00:14:42.039 the way that I look at the world is probably 293 00:14:42.159 --> 00:14:44.200 very similar to you. I look at these banksters. They 294 00:14:44.200 --> 00:14:47.879 want ultimate control, they want CBDC. They've got this competing 295 00:14:47.879 --> 00:14:51.039 thing like bitcoin, they've got decentralization in the market. Well, 296 00:14:51.159 --> 00:14:53.000 you know, do you invite it to the party, do 297 00:14:53.120 --> 00:14:54.120 you you know. 298 00:14:54.600 --> 00:14:56.200 Throw it off the balcony as I was. 299 00:14:56.240 --> 00:14:58.440 You know, that's what I think this is happening with 300 00:14:58.440 --> 00:15:01.360 with crypto, is that they're going to inflate this thing 301 00:15:01.960 --> 00:15:05.080 so massive, get everybody involved, and then crash it. And 302 00:15:05.080 --> 00:15:07.120 then that would call for regulation. And see what that 303 00:15:07.159 --> 00:15:10.159 wouldn't have happened if we had a centrally. We like 304 00:15:10.240 --> 00:15:12.440 digital currency, we love the convenience of that, but you 305 00:15:12.600 --> 00:15:15.240 just need to give your biometrics over and it needs 306 00:15:15.279 --> 00:15:18.559 to be state controlled, and you know, the centralization is 307 00:15:18.919 --> 00:15:21.279 the key, and regulation is the key, and not these 308 00:15:21.320 --> 00:15:24.559 things that led to so many bankruptcies and failures and 309 00:15:24.720 --> 00:15:27.759 other things. That's what I get concerned with. And the number, 310 00:15:27.960 --> 00:15:30.639 that's what the in the crypto space you always hear about, 311 00:15:30.799 --> 00:15:33.559 you know, number go up, and I don't think that's 312 00:15:33.559 --> 00:15:37.399 always the best outcome, you know. I think steady as 313 00:15:37.399 --> 00:15:40.120 she goes and building equity and building networks, and that's 314 00:15:40.200 --> 00:15:42.080 I think a lot of people in the bitcoin space 315 00:15:42.159 --> 00:15:45.320 want to build the bitcoin network, and that's certainly me. 316 00:15:45.960 --> 00:15:47.919 You know, I'm bitcoin centered. 317 00:15:48.000 --> 00:15:50.519 Like we're building and we should have the site live 318 00:15:50.600 --> 00:15:54.240 here within the next month for Wisewolf Bitcoin and it's 319 00:15:54.279 --> 00:15:56.039 going to be bitcoin only. I mean, it's just you 320 00:15:56.039 --> 00:16:00.360 can use bitcoin to buy and sell with us. You 321 00:16:00.399 --> 00:16:02.960 can buy precious metals with us. We'll be able. It's 322 00:16:03.000 --> 00:16:05.399 very symbiotic what we're building, and that's based off the 323 00:16:05.399 --> 00:16:06.759 bitcoin network. 324 00:16:07.519 --> 00:16:10.240 But I get really concerned. I don't own these. 325 00:16:10.120 --> 00:16:12.879 Mean coins and I'm not pushing if you see, if 326 00:16:12.919 --> 00:16:15.960 you see me pushing a mean coin of folks, I've 327 00:16:16.000 --> 00:16:18.639 been high. Just something's wrong, Like it's not Tony, so 328 00:16:18.799 --> 00:16:20.000 like I'm not going to be doing that. 329 00:16:20.679 --> 00:16:21.639 Somebody hijacked it. 330 00:16:22.639 --> 00:16:23.919 Be be cautious. 331 00:16:24.000 --> 00:16:28.000 It's not me because it's irresponsible. And you see what 332 00:16:28.039 --> 00:16:31.200 happens because I don't see any value in it. You 333 00:16:31.240 --> 00:16:33.200 can make by the way, you can make a fortune 334 00:16:33.240 --> 00:16:35.039 in it, but you got to ride the wave and then. 335 00:16:35.440 --> 00:16:39.639 But that's not business to me. That's yeah, that's gambling. 336 00:16:40.000 --> 00:16:42.039 Stock market like a lot of the stock market it is. 337 00:16:42.080 --> 00:16:44.519 It really is just speculation. It's a casino. 338 00:16:44.840 --> 00:16:48.279 Yeah, yeah, So I'm very skeptical of things like that, 339 00:16:48.360 --> 00:16:50.240 and especially in this are but that's where we are. 340 00:16:51.320 --> 00:16:54.200 There's so much fake floating around and things that the 341 00:16:54.240 --> 00:16:57.159 pain really hasn't hit. But I believe that we're just 342 00:16:57.240 --> 00:16:59.720 around the corner for just it just takes a little 343 00:16:59.759 --> 00:17:04.079 push into some uncertainty and you'll start seeing that what's 344 00:17:04.119 --> 00:17:06.640 going to win the day again, it's to who hold 345 00:17:06.720 --> 00:17:10.480 the keys of the commodities. I saw an article earlier 346 00:17:10.519 --> 00:17:13.440 today doing some research, and there's a lot of analysts 347 00:17:13.480 --> 00:17:16.240 that are concerned about if Trump goes through with some 348 00:17:16.359 --> 00:17:18.920 of these tariffs, what it's going to do to the 349 00:17:18.960 --> 00:17:22.440 price of metals and especially things like silver. They're clearing 350 00:17:22.480 --> 00:17:26.119 out the vaults right now around the world, and and 351 00:17:26.200 --> 00:17:29.200 a lot of these companies and large holders of silver 352 00:17:29.279 --> 00:17:32.200 and gold are bringing them home to the United States 353 00:17:32.200 --> 00:17:36.480 and housing them because if if gold and silver are 354 00:17:36.480 --> 00:17:40.319 treated as a commodity and not money by these tariffs, 355 00:17:40.359 --> 00:17:43.680 it throws off everything and it creates a like a 356 00:17:43.799 --> 00:17:47.359 devaulting where all over the world they started clearing out 357 00:17:47.400 --> 00:17:51.880 these balls. There's going to be so much unintended consequences 358 00:17:51.920 --> 00:17:55.720 from just I mean again, nobody, nobody's ever done that 359 00:17:55.839 --> 00:18:00.720 where we've punished other countries for not using our currency outright, Yeah, 360 00:18:00.759 --> 00:18:04.559 with tariffs like that, even that would not be And 361 00:18:04.240 --> 00:18:07.599 I'm somebody who's a proponent. 362 00:18:07.200 --> 00:18:09.599 Of tariffs because of economic nationalism, but me too. 363 00:18:09.839 --> 00:18:13.039 What this is what he's opposing, Yeah, it's very much. 364 00:18:13.160 --> 00:18:16.640 You know, he's weaponizing our financial system against other people. 365 00:18:16.640 --> 00:18:19.200 It's what he's doing, same thing that Biden did, except 366 00:18:19.240 --> 00:18:22.519 that you know, they basically have both. They're going to 367 00:18:22.880 --> 00:18:26.160 destroy our financial system by weaponizing it, but they have 368 00:18:26.200 --> 00:18:28.400 different ways of doing it. You know, Biden's going to 369 00:18:28.440 --> 00:18:31.039 do it with sanctions, punitive sanctions, He's going to do 370 00:18:31.079 --> 00:18:34.400 it with punitive tariffs. Same thing. And when you take 371 00:18:34.440 --> 00:18:40.279 a situation as shaky as the world economy is, regardless 372 00:18:40.319 --> 00:18:42.200 of where you look at, I mean, China is not 373 00:18:42.400 --> 00:18:46.799 solid either. I played a clip last week a lot 374 00:18:46.839 --> 00:18:50.480 of individual Chinese and I don't know what happened to 375 00:18:50.480 --> 00:18:52.319 their social credit score when they posted this stuff up, 376 00:18:52.319 --> 00:18:56.559 but they were showing pictures of empty trains, pictures of 377 00:18:56.640 --> 00:19:01.039 empty cities, pictures of empty shopping malls. And of course 378 00:19:01.680 --> 00:19:05.559 I've seen pictures of these MC mansions that that the 379 00:19:05.640 --> 00:19:10.359 Chinese built, these entire, very elaborate, expensive homes, never occupied. 380 00:19:10.839 --> 00:19:14.079 And so it is kind of a Potemkin economy in 381 00:19:14.160 --> 00:19:17.440 many regards. And if Trump throws in these kind of 382 00:19:17.440 --> 00:19:20.319 punitive tariffs, it's going to be like throwing a bomb 383 00:19:20.400 --> 00:19:23.160 into a crowded theater. Here, who knows what's going to 384 00:19:23.200 --> 00:19:25.319 happen and who's going to get killed with this kind 385 00:19:25.319 --> 00:19:27.440 of stuff. But I think he's really going to do it. 386 00:19:27.480 --> 00:19:32.119 He's an agent of chaos, and and boy he puts 387 00:19:32.200 --> 00:19:35.640 in massive tariffs. And even if he doesn't do it, 388 00:19:35.680 --> 00:19:38.559 even if he just uses it as a threat that's 389 00:19:38.599 --> 00:19:40.559 not going to be good for our economy because people 390 00:19:40.559 --> 00:19:44.799 are tired of being threatened by the US government. We've 391 00:19:44.880 --> 00:19:47.000 done that, you know, Biden does it, Trump does it. 392 00:19:47.000 --> 00:19:48.839 They all do it. You know, they're they're the bad 393 00:19:48.880 --> 00:19:51.160 boy in town. And and you know, we we can 394 00:19:51.240 --> 00:19:53.559 use military force to take Panama off we want. And 395 00:19:53.640 --> 00:19:55.559 you know, there's nothing that you can do or say 396 00:19:55.559 --> 00:19:57.599 about it. That's that's what we've seen these guys operate 397 00:19:57.680 --> 00:20:03.440 for the longest time. Arthur was saying that unexpected decisions 398 00:20:03.440 --> 00:20:07.000 from Trump, or from the Bank of Japan or China's 399 00:20:07.039 --> 00:20:09.200 economic policies, any of this kind of stuff. He says, 400 00:20:09.519 --> 00:20:12.440 any of these things could trigger this. Anything's in addition 401 00:20:12.519 --> 00:20:16.359