Speaker 1: Well, let's get in touch with wise Wolf Tony Rdeman himself,
Speaker 1: who happens to be on the line, and welcome Tony.
Speaker 2: Good to have you one, always good to see you, David.
Speaker 3: I just looked out my front door here and it's
Speaker 3: it's snowing in North Texas, has got a snowstorm coming,
Speaker 3: and wow, it makes you makes you wonder how those
Speaker 3: warm waters down in the Gulf of America are right now,
Speaker 3: you know.
Speaker 2: I wonder if you get down there and just be
Speaker 2: on vacation.
Speaker 3: My dog is my dog Beans jumped up in my
Speaker 3: lap because it's actually pretty windy, and there's supposed to
Speaker 3: supposed to be a lot of snowfall and more than
Speaker 3: we usually get in the winter time here in the
Speaker 3: next day or so.
Speaker 1: Well, hopefully your power grade's going to hang in there
Speaker 1: this time. I remember when that happened and we were
Speaker 1: in Texas who wound up doing a show by candlelight.
Speaker 1: I remember that and cell phone, and I remember the
Speaker 1: second day we did it. As it warmed up, we
Speaker 1: realized that a pipe had burst in our kitchen and
Speaker 1: so it had Whistler holding the camera there and Travis
Speaker 1: and Karen were mopping and I'm trying to do this,
Speaker 1: and it was. It was pretty crazy, but hopefully that
Speaker 1: won't happen this time. But we got a lot of
Speaker 1: things to talk about. I mean, we just had the
Speaker 1: Federal Federal Reserves Open Market Committee and headline says that
Speaker 1: almost all quote almost all Federal Fed members see higher
Speaker 1: inflation coming. What about that? And they think it's because
Speaker 1: of Trump's.
Speaker 3: Remind me of the Carson to the Karnak trip trick
Speaker 3: where you hold the envelope up to his forehead, because
Speaker 3: it's funny, like, are we we're going to see some inflation?
Speaker 3: They're like, by the way, we're going to cut rates,
Speaker 3: you know, like of course, And they're talking about this
Speaker 3: in the around June or so of twenty twenty five
Speaker 3: here in cutting rates, and I mean, this is again transitory.
Speaker 2: It was transitory.
Speaker 3: Both Janet Yelling and Rome pal said that inflation was transitory.
Speaker 3: And then they said, no, we have to We're going
Speaker 3: to do something. We're very hawkish, we're going to do
Speaker 3: We're gonna roll it back. It's going to be tamed.
Speaker 3: And then they just figured out they couldn't do it anyway,
Speaker 3: even with raising interest rates faster than any time in
Speaker 3: history any other fed shair did Drome Powell, and we
Speaker 3: saw the effects on that economy started to stall. What
Speaker 3: do they do because we're built on debt, we're built
Speaker 3: on cheap Fiat currency, and there's no way out. They're
Speaker 3: gonna have to inflate their way out of every issue. Yeah,
Speaker 3: it's why it's so silly to the you know, the
Speaker 3: mainstream headlines soon talking about earnings and other things. Until
Speaker 3: we get a grip on, you know, what causes inflation
Speaker 3: and the devaluation of our currency, then none of these
Speaker 3: economic issues are going to be solved.
Speaker 1: Oh yeah, well we know and they know, but they're
Speaker 1: not going to do anything about it, you know. And
Speaker 1: you talk about how fast he raised interest rates, I'll
Speaker 1: never forget, you know, back at the beginning of this
Speaker 1: fourth turning two thousand and seven, two thousand and eight,
Speaker 1: you know, he starts that had really low rates for
Speaker 1: a very long time, and then they start raising them
Speaker 1: a quarter like every month, you know, and just like
Speaker 1: a stairstep until they got high enough that they helped
Speaker 1: cause the bubble to burst. And then this time around,
Speaker 1: he doesn't do it a quarter each time, he's doing
Speaker 1: it three quarters each time. Three quarters of a point
Speaker 1: each time, so seventy five basis points. Yeah, who would
Speaker 1: have thought that this type of thing would happen. And
Speaker 1: yet as they're looking forward, they're also saying that they're
Speaker 1: talking about inflation. You know, as we look at these
Speaker 1: interest rates, though, it's interesting how as they keep dropping
Speaker 1: the interest rates, the long term bond market believes that
Speaker 1: there's going to be a lot of inflation, and so
Speaker 1: they keep raising the rates. And that's one of the
Speaker 1: reasons why the home mortgage rates are going up even
Speaker 1: as these guys are cutting the rates. It's because in
Speaker 1: the marketplace where people are buying the bonds, that's where
Speaker 1: they're bidding that stuff up, because they're not buying it either.
Speaker 1: You know, it's just a lie, and so the interests.
Speaker 1: As they keep pretending that inflation is not a problem,
Speaker 1: the market says otherwise, and that's why you keep seeing
Speaker 1: the home mortgage rates go up.
Speaker 3: Yeah, and it may be cheaper for the banks to
Speaker 3: borrow and go directly to the FED, but they don't
Speaker 3: want to pass that on to consumers because they don't
Speaker 3: believe in the strength of the economy. That's exactly what
Speaker 3: they're signaling. They don't believe in the strength of the
Speaker 3: borrowers to pay back those loans. And they're going to
Speaker 3: make money. That's what they're going to do. They're gonna put.
Speaker 2: They have they have the cash, they have the funds.
Speaker 3: They're going to hoard it, just like they did after
Speaker 3: two thousand and nine, you know, the dark bailouts and
Speaker 3: Hank Paulson begging Nancy Pelosi for it. Seems quaint now,
Speaker 3: but it was supposed to be like the seven hundred
Speaker 3: billion that they needed to cover the shortfall through the treasury.
Speaker 3: And now we just look at that, and I'm towing
Speaker 3: you off air that Jednet Yelling is saying that she
Speaker 3: thinks that the COVID stimulus may have had an impact
Speaker 3: on inflation.
Speaker 2: Only the best minds, David and era.
Speaker 3: Where when we look when we make two thousand and
Speaker 3: nine look tame and a bygone era. You know when
Speaker 3: when they bailed out for the Great Recession. Now we
Speaker 3: just do that again. It's it's it's a trillion in
Speaker 3: debt every hundred days. And I think you and I
Speaker 3: even calculated the one of the last quarter of twenty
Speaker 3: twenty four, it was like every ninety days. There's like
Speaker 3: two point three trillion or something like that.
Speaker 1: Yeah, yeah, it's accelerating, it's accelerating, it's you know, it's
Speaker 1: going up exponentially. So yeah, maybe when we're talking about that,
Speaker 1: I joked and said, well, maybe she had some revelation
Speaker 1: when she was on mushrooms famously doing that in China
Speaker 1: and then coming out and bowing incessantly. You know, yeah,
Speaker 1: we got what is it? The term was not kleptocracy,
Speaker 1: which is ruled by thieves, but we have a cacistocracy,
Speaker 1: which is the rules by the rule by the worst
Speaker 1: people that you could possibly have, and that Janet Yellen
Speaker 1: has to have her picture right there in the dictionary
Speaker 1: next to cacistocracy and Biden the best's mind.
Speaker 3: People like Janet Yelling really show you that they're not
Speaker 3: in charge. You know that there's no way that they
Speaker 3: could run something as complicated as the US Treasury or
Speaker 3: it's an it's like a plant to make sure that
Speaker 3: she runs it the way like kind of like a
Speaker 3: mobster would pick a real estate agent or something to
Speaker 3: run the casino.
Speaker 1: So what Trump did trying to figure out how he
Speaker 1: managed to bankrupt so many different casinos? One of these
Speaker 1: almost got a license to print money, you know, but
Speaker 1: maybe he hired a real estate agent to run it.
Speaker 1: I know he hired a real estate agent to try
Speaker 1: to get that uh that house that he wanted a
Speaker 1: parking lot for it was it was straight out of
Speaker 1: up you know. He had some widow who had a
Speaker 1: home and he wanted to buy. She didn't want to
Speaker 1: sell it, and so he went to the local government
Speaker 1: and got them to condemn it, take her home and everything,
Speaker 1: and then he declared bankruptcy and shut his casino down. Anyway,
Speaker 1: but let's talk about gold, because we see that China's
Speaker 1: demand is going up and gold and the headline is
Speaker 1: gold gains on technical buying as well as China demand.
Speaker 1: And of course the technical buying is going to be
Speaker 1: things that are be looking at what's going to happen
Speaker 1: with inflation and other issues like that.
Speaker 3: Right well, absolutely, And you know there's something interesting about China.
Speaker 3: They bought the dip whatever they're running their calculations.
Speaker 2: These are long term.
Speaker 3: It's something China's been doing since the beginning of this
Speaker 3: century and buying off the books, and you had to
Speaker 3: wonder about that. They're not open about their goal buying.
Speaker 3: I remember stories that would pop up in the last
Speaker 3: thirty six months where you know, there'd be some giant
Speaker 3: goal purchase and then somebody would sleuth and find that,
Speaker 3: you know, it's a subsidiary of the Chinese government that's
Speaker 3: buying this gold, so they didn't want the world.
Speaker 2: To know what they were doing.
Speaker 3: I think there will be a big reveal eventually and
Speaker 3: they'll just say we have more gold in the US.
Speaker 2: I think that they actually do.
Speaker 3: I mean, I've seen research from you know, a journalist
Speaker 3: over at Kiko speculating that China has close to sixteen
Speaker 3: thousand tons of gold because they've been buying literally since
Speaker 3: really just calculating where the trade deficits were going and
Speaker 3: what was happening with the US manufacturing base, and they
Speaker 3: slipped in at the end of the twentieth century.
Speaker 2: They got that deal from George W.
Speaker 3: Bush with most Favored Trading Status with a WTO on
Speaker 3: December eleventh, two thousand and one, ninety days after nine
Speaker 3: to eleven. And since then, you know, it's fifty five
Speaker 3: thousand factories were gone within five years, you know, one
Speaker 3: in three manufacturing jobs those were gone.
Speaker 2: So they that again they had to go somewhere.
Speaker 3: People were funny about trade deficits, Well there's you know,
Speaker 3: it's not in a vacuum. It has to go somewhere
Speaker 3: if there's a deficit, and the surplus went to China.
Speaker 3: So in my estimation, I think these articles are going
Speaker 3: to continue to come out where you see China as
Speaker 3: the leader in the gold business, in gold buying.
Speaker 2: They have sixty thousand gold mines. This is worth examining.
Speaker 3: And what happens if the US, you know, starts to
Speaker 3: try to be ham fisted about its trade policies, like
Speaker 3: with Trump talking about you know, one hundred percent tariffs
Speaker 3: on countries that don't use King dollar. What happens when
Speaker 3: the Chinese say, well, actually we have you know, when
Speaker 3: gold remonetizes, we have the the gold reserves you know,
Speaker 3: used to be the US with eight thousand and a
Speaker 3: half tons or whatever it is. I don't.
Speaker 2: I don't necessarily believe it anymore. I don't.
Speaker 3: We haven't had an audit since the fifties, so that
Speaker 3: is an open question.
Speaker 2: I think I think Goldfinger got at all.
Speaker 1: Goldfinger that was when everybody talked about all the gold
Speaker 1: being in Fort Knox and you know, but is there
Speaker 1: any gold in Fort Knox? Who knows.
Speaker 3: Definitely we have you know, we have bond villains h Davos,
Speaker 3: for sure, one of them's.
Speaker 1: Got that's right. Well, you know you said that China
Speaker 1: buys the dips. They bought ten tons of gold in
Speaker 1: December because you know, everybody else is so excited about Trump.
Speaker 1: That's why we put that in that commercial ukon Cornelius.
Speaker 1: You know, well, trump euphoria has got everybody saying, well,
Speaker 1: we're gonna get crypto, We're not going to get gold. Well,
Speaker 1: China went to the gold and bought that dip.
Speaker 3: Well absolutely I did too. You know, we bought it
Speaker 3: for a wolf pack and I see that again. The
Speaker 3: fundamentals are all still there. What drove the price of
Speaker 3: gold to record highs? I mean, we forget gold broke
Speaker 3: it's all time high, like was it like thirty times
Speaker 3: or something in two and twenty four, And before that
Speaker 3: it was gaps of years and years. I mean, in
Speaker 3: twenty eleven to twenty and twenty there was no ath,
Speaker 3: no all time high for gold. But in twenty twenty four,
Speaker 3: like thirty something times, and it was happening weekly.
Speaker 2: I could come on the show here and we talk
Speaker 2: about it.
Speaker 3: So we already knew that that was going to continue
Speaker 3: the fundamentals, and nothing really changes with the election except
Speaker 3: for some proposed you know, crypto deregulation or being crypto
Speaker 3: friendly for a bitcoin which is driven the price of bitcoin,
Speaker 3: And we'll see what happens there. I mean, we were
Speaker 3: talking off air about the Strategic Bitcoin Reserve maybe not
Speaker 3: going forward or losing momentum or steam ors. Is Trump
Speaker 3: going to back out on that, That's an open question.
Speaker 3: He was really supported by the bitcoin community and those
Speaker 3: in the crypto space, so we'll see. I mean, I've
Speaker 3: lived through the Trump presidency. I remember things.
Speaker 1: I know.
Speaker 3: I'm not supposed to gorvedal the United States of amnesia.
Speaker 2: I try not to join that crowd, but I remember.
Speaker 3: You know, twenty seventeen to twenty twenty one and what
Speaker 3: policies came out of that.
Speaker 2: So I'm skeptical. I'm just going to continue to do
Speaker 2: what I do.
Speaker 3: Regardless of the politics, because I know, when we live
Speaker 3: in a world of fiat and fake and debt, the
Speaker 3: world is completely over leveraged. I mean, the corporate bankruptcies
Speaker 3: are up, I mean massively this year. The debt, the
Speaker 3: corporate debt is staggering, and then the course of the
Speaker 3: government debt is absolutely out of control. So none of
Speaker 3: those things are going to be fixed. And I know that,
Speaker 3: and that means that commodities and things with finite resources
Speaker 3: will will win the day.
Speaker 1: And it's not just a Maria. It's countries all over
Speaker 1: the world that are getting huge leverage of debt. It's corporations,
Speaker 1: it's consumers, everybody's going into debt. But yeah, I like that.
Speaker 1: We should talk about MAGA being make Amnesia great again.
Speaker 1: That's the whole secret of success for Trump is to
Speaker 1: make am Nietze great. Uh, And they're gonna do it again.
Speaker 1: And that's where we are right now. Yeah, The Atlantic
Speaker 1: had an article talking about the Great crypto Crash and
Speaker 1: they said Trump is going to usher in a speculative frenzy.
Speaker 1: And that's the thing, you know, regardless of the fundamentals
Speaker 1: of gold or bitcoin or the economy or anything else
Speaker 1: like that, I get concerned when I see frenzies when
Speaker 1: I you know, because frenzies always wind up creating bubbles,
Speaker 1: and bubbles always burst at some point the other. And
Speaker 1: that's the key thing, you know, when even when you
Speaker 1: look at AI and the stocks around that because AI
Speaker 1: was a AI stocks were driving the stock market this
Speaker 1: last year. You get ahead of expectations in a frenzy,
Speaker 1: and sooner or later somebody says, wait a minute, this
Speaker 1: can't possibly work out with this kind of optimism, and
Speaker 1: a few people start to leave the exits. And then again,
Speaker 1: because you know, we're talking about a mass psychology, everybody
Speaker 1: starts running for the exits then, you know, And we
Speaker 1: saw that with a dot com first. I mean, certainly
Speaker 1: the Internet was a real thing and it was going
Speaker 1: to be there, So we could see that with AI.
Speaker 1: We could see that with the crypto optimism. There's a
Speaker 1: lot of deregulation's going to happen. They've done a very
Speaker 1: quick whiplash from Biden, who was doing everything he could
Speaker 1: to either outright prohibit it or regulate it into oblivion.
Speaker 1: And you go from that to somebody who is talking
Speaker 1: about maybe even making it part of the reserve. Don't
Speaker 1: think that's going to happen. But you know, this kind
Speaker 1: of whip actually is there has really created a lot
Speaker 1: of market frenzy, hasn't it.
Speaker 2: It has?
Speaker 3: And that is concerning I like steady the bubbles and
Speaker 3: the frenzy and the euphoria of all that, and there's
Speaker 3: a lot of hype, and that's where you get the
Speaker 3: pump and dump, and we know the economy everything's fake.
Speaker 3: I mean, it stems back from our currency. And that's
Speaker 3: the argument I have every week from about every every
Speaker 3: time I come on my show, and I'm just gonna
Speaker 3: be talking about that.
Speaker 2: You look at the metrics of fart coin, baby.
Speaker 1: It's like the ultronate bubble, right, it's the.
Speaker 2: Ultimate I mean this is and what does that even mean?
Speaker 3: Like what these mean coins and other things and what
Speaker 3: it leads to in my estimation, and this could be
Speaker 3: the way that I look at the world is probably
Speaker 3: very similar to you. I look at these banksters. They
Speaker 3: want ultimate control, they want CBDC. They've got this competing
Speaker 3: thing like bitcoin, they've got decentralization in the market. Well,
Speaker 3: you know, do you invite it to the party, do
Speaker 3: you you know.
Speaker 2: Throw it off the balcony as I was.
Speaker 3: You know, that's what I think this is happening with
Speaker 3: with crypto, is that they're going to inflate this thing
Speaker 3: so massive, get everybody involved, and then crash it. And
Speaker 3: then that would call for regulation. And see what that
Speaker 3: wouldn't have happened if we had a centrally. We like
Speaker 3: digital currency, we love the convenience of that, but you
Speaker 3: just need to give your biometrics over and it needs
Speaker 3: to be state controlled, and you know, the centralization is
Speaker 3: the key, and regulation is the key, and not these
Speaker 3: things that led to so many bankruptcies and failures and
Speaker 3: other things. That's what I get concerned with. And the number,
Speaker 3: that's what the in the crypto space you always hear about,
Speaker 3: you know, number go up, and I don't think that's
Speaker 3: always the best outcome, you know. I think steady as
Speaker 3: she goes and building equity and building networks, and that's
Speaker 3: I think a lot of people in the bitcoin space
Speaker 3: want to build the bitcoin network, and that's certainly me.
Speaker 2: You know, I'm bitcoin centered.
Speaker 3: Like we're building and we should have the site live
Speaker 3: here within the next month for Wisewolf Bitcoin and it's
Speaker 3: going to be bitcoin only. I mean, it's just you
Speaker 3: can use bitcoin to buy and sell with us. You
Speaker 3: can buy precious metals with us. We'll be able. It's
Speaker 3: very symbiotic what we're building, and that's based off the
Speaker 3: bitcoin network.
Speaker 2: But I get really concerned. I don't own these.
Speaker 3: Mean coins and I'm not pushing if you see, if
Speaker 3: you see me pushing a mean coin of folks, I've
Speaker 3: been high. Just something's wrong, Like it's not Tony, so
Speaker 3: like I'm not going to be doing that.
Speaker 1: Somebody hijacked it.
Speaker 2: Be be cautious.
Speaker 3: It's not me because it's irresponsible. And you see what
Speaker 3: happens because I don't see any value in it. You
Speaker 3: can make by the way, you can make a fortune
Speaker 3: in it, but you got to ride the wave and then.
Speaker 1: But that's not business to me. That's yeah, that's gambling.
Speaker 1: Stock market like a lot of the stock market it is.
Speaker 1: It really is just speculation. It's a casino.
Speaker 3: Yeah, yeah, So I'm very skeptical of things like that,
Speaker 3: and especially in this are but that's where we are.
Speaker 3: There's so much fake floating around and things that the
Speaker 3: pain really hasn't hit. But I believe that we're just
Speaker 3: around the corner for just it just takes a little
Speaker 3: push into some uncertainty and you'll start seeing that what's
Speaker 3: going to win the day again, it's to who hold
Speaker 3: the keys of the commodities. I saw an article earlier
Speaker 3: today doing some research, and there's a lot of analysts
Speaker 3: that are concerned about if Trump goes through with some
Speaker 3: of these tariffs, what it's going to do to the
Speaker 3: price of metals and especially things like silver. They're clearing
Speaker 3: out the vaults right now around the world, and and
Speaker 3: a lot of these companies and large holders of silver
Speaker 3: and gold are bringing them home to the United States
Speaker 3: and housing them because if if gold and silver are
Speaker 3: treated as a commodity and not money by these tariffs,
Speaker 3: it throws off everything and it creates a like a
Speaker 3: devaulting where all over the world they started clearing out
Speaker 3: these balls. There's going to be so much unintended consequences
Speaker 3: from just I mean again, nobody, nobody's ever done that
Speaker 3: where we've punished other countries for not using our currency outright, Yeah,
Speaker 3: with tariffs like that, even that would not be And
Speaker 3: I'm somebody who's a proponent.
Speaker 2: Of tariffs because of economic nationalism, but me too.
Speaker 1: What this is what he's opposing, Yeah, it's very much.
Speaker 1: You know, he's weaponizing our financial system against other people.
Speaker 1: It's what he's doing, same thing that Biden did, except
Speaker 1: that you know, they basically have both. They're going to
Speaker 1: destroy our financial system by weaponizing it, but they have
Speaker 1: different ways of doing it. You know, Biden's going to
Speaker 1: do it with sanctions, punitive sanctions, He's going to do
Speaker 1: it with punitive tariffs. Same thing. And when you take
Speaker 1: a situation as shaky as the world economy is, regardless
Speaker 1: of where you look at, I mean, China is not
Speaker 1: solid either. I played a clip last week a lot
Speaker 1: of individual Chinese and I don't know what happened to
Speaker 1: their social credit score when they posted this stuff up,
Speaker 1: but they were showing pictures of empty trains, pictures of
Speaker 1: empty cities, pictures of empty shopping malls. And of course
Speaker 1: I've seen pictures of these MC mansions that that the
Speaker 1: Chinese built, these entire, very elaborate, expensive homes, never occupied.
Speaker 1: And so it is kind of a Potemkin economy in
Speaker 1: many regards. And if Trump throws in these kind of
Speaker 1: punitive tariffs, it's going to be like throwing a bomb
Speaker 1: into a crowded theater. Here, who knows what's going to
Speaker 1: happen and who's going to get killed with this kind
Speaker 1: of stuff. But I think he's really going to do it.
Speaker 1: He's an agent of chaos, and and boy he puts
Speaker 1: in massive tariffs. And even if he doesn't do it,
Speaker 1: even if he just uses it as a threat that's
Speaker 1: not going to be good for our economy because people
Speaker 1: are tired of being threatened by the US government. We've
Speaker 1: done that, you know, Biden does it, Trump does it.
Speaker 1: They all do it. You know, they're they're the bad
Speaker 1: boy in town. And and you know, we we can
Speaker 1: use military force to take Panama off we want. And
Speaker 1: you know, there's nothing that you can do or say
Speaker 1: about it. That's that's what we've seen these guys operate
Speaker 1: for the longest time. Arthur was saying that unexpected decisions
Speaker 1: from Trump, or from the Bank of Japan or China's
Speaker 1: economic policies, any of this kind of stuff. He says,
Speaker 1: any of these things could trigger this. Anything's in addition
Speaker 1: to that, tax deadlines that are coming up in April,
Speaker 1: a lot of people perhaps are going to you know,
Speaker 1: we've seen the kind of headwinds that the tax season
Speaker 1: has on crypto, so he's thinking that it's going to
Speaker 1: hit the crypto just in general, not just a Bitcoin,
Speaker 1: but all of them hit their peak in March of
Speaker 1: twenty twenty five. So he's pretty specific in terms of
Speaker 1: his bearishness.
Speaker 2: I think that will most likely turn out to be true.
Speaker 3: Is based off of my own analysis because again I'm
Speaker 3: buying bitcoin and I'm for inventory, but I expect the
Speaker 3: price to draw back. I think we probably will end
Speaker 3: twenty twenty five over where we are right now. I
Speaker 3: think it'll be a decent year. But these over zealous
Speaker 3: I think they're just way out of front of, uh,
Speaker 3: what bitcoin price is going to be. And again, if
Speaker 3: you look at the other markets, they follow bitcoin. So
Speaker 3: if Bitcoin's not really moving, these other things are going
Speaker 3: to go stagnant, and the mean coin space and all
Speaker 3: the stuff that doesn't serve a function, we'll start to implode.
Speaker 3: It's like the dot com era, you know that the
Speaker 3: same thing. Dot Com overbuilt and there were so many
Speaker 3: everything was going to be you know, one hundred x
Speaker 3: and all times earnings and all this stuff, and it
Speaker 3: was crazy.
Speaker 2: I remember my dad talking to me about it.
Speaker 3: I was a kid, you know, but right before I
Speaker 3: went to the military, were just discussing what the stock
Speaker 3: market was and why he didn't own stocks, but he had,
Speaker 3: you know, multiple businesses. He's like, this is they're they're overvalued,
Speaker 3: and certainly that's true today.
Speaker 1: On even companies like Cisco and Intel went down. It
Speaker 1: wasn't just pet dot com, you know, it wasn't just
Speaker 1: some retail you know all pretty much most of these
Speaker 1: retail dot com things that people have bet so much money.
Speaker 1: It's kind of like the meme coins today. And about
Speaker 1: the only one that really survived was Amazon.
Speaker 3: And earth Link, you know, like, what's the latest from Amazon?
Speaker 3: I mean not Amazon, but AOL, you know, I mean
Speaker 3: a Toime Warner, They, you know, World Coon. They had
Speaker 3: all these things that refused together at that time, and
Speaker 3: they're just not household names anymore. And I lost the
Speaker 3: massive market share. They just you know, they had their time,
Speaker 3: and it wasn't what fit. I think that will, that
Speaker 3: will be what's sorted out here with the crypto. I
Speaker 3: still believe in the space, but I think, you know,
Speaker 3: so many things are about number go up, and it's
Speaker 3: not about fundamentals or about what makes the coin usable valuable.
Speaker 3: And I think the only thing that really serves any
Speaker 3: purpose right now, aside from possibly x RP or or ethereum,
Speaker 3: which I still I don't own any of it, is bitcoin.
Speaker 1: Yeah, you mentioned Earthlink. I was so disappointed to lose
Speaker 1: my email address that I had at Earthlink. I put
Speaker 1: in d K at Earthlink, but I spelled it out
Speaker 1: D E. C. A Y at Earthlink comment that went away.
Speaker 1: I got a question for you from Kowalamo, says Tony,
Speaker 1: talking about insurance in California today, white companies insure gold
Speaker 1: and silver bullion at home bank deposit box or at
Speaker 1: a private deposit box. Are these policies worth it?
Speaker 2: Well?
Speaker 3: I use the Hartford is what I use for insurance.
Speaker 3: You can look into that. But if you're storing your
Speaker 3: gold and silver, I mean, look at some reputable places.
Speaker 3: I know Andy Sheckman over at Myles Franklin, I've you know,
Speaker 3: I've talked to him and he's he's got a really
Speaker 3: good storage program with Brinks. So you got to have
Speaker 3: a you got to have a strong name whenever you're
Speaker 3: you're putting it anywhere. And of course we'd have a
Speaker 3: through the trading floor in Dallas for through dyl Engage.
Speaker 3: We have our storage with I d s and others
Speaker 3: for your I RAS and those are insured massively. So
Speaker 3: but if you're in private hands again, you want to
Speaker 3: just really be cautious about that. Really, they'll they'll probably
Speaker 3: have some suggestions that wherever you're storing it on the insurance.
Speaker 3: But I use I use the hart for They've been
Speaker 3: decently transparent.
Speaker 1: And that's as like an extra writer that you put
Speaker 1: on your homeowner policy talk.
Speaker 3: Yes, yeah, I use that for business and you know
Speaker 3: I've I've got to land in Arkansas and my house
Speaker 3: here in Texas. So it's kind of a universal policy
Speaker 3: that covers businesses and inventory and things, and they know
Speaker 3: they're very aware of, like you know what I hold.
Speaker 2: So that's what I use, is the heart.
Speaker 1: For Yeah, And that's the kind of thing that you know,
Speaker 1: if you've got anything that's got a lot of concentrated value,
Speaker 1: you need to have that. Make sure the insurance company
Speaker 1: is aware of that, and that is you know, you
Speaker 1: declare that and make sure that they have insured that
Speaker 1: as well anytime you got something of value. So what's
Speaker 1: going on at at Wisewolf? You said you've got the
Speaker 1: bitcoin exchange that you're working on. It is coming up soon, right?
Speaker 1: What else?
Speaker 3: As fast as I can working on that and we
Speaker 3: should and we should be like by the time we
Speaker 3: do our show next week, David, I should be live.
Speaker 3: You can use bitcoin to buy gold and silver through
Speaker 3: me online and with no fee, and we're the only
Speaker 3: broker in America that does that. It will be no
Speaker 3: transactional fee whatsoever. You just pay for the price of
Speaker 3: the metals. It'd be like cash wow and that if
Speaker 3: you're doing that, if you have a if you have
Speaker 3: a credit card, you have to pay a fee because
Speaker 3: we have to absorb that. But I've made it to
Speaker 3: where bitcoin is pretty symbiotic with us, and we'll be
Speaker 3: doing some press releases, so we're really excited about that.
Speaker 2: There's that's been a network I had to build in
Speaker 2: and it's not as easy as it looks. So the
Speaker 2: shopping cart will all be set up for wolf Pack.
Speaker 3: You'll be able to do one time purchases and then
Speaker 3: we're going to add some other aspects to that site
Speaker 3: so you can just you know, if you want to
Speaker 3: do a blanket amount or something of gold and silver
Speaker 3: and we buy it for you or whatever. We'll have
Speaker 3: We have so many programs rolling out, but it's going
Speaker 3: to be a symbiotic relationship between bitcoin and gold and
Speaker 3: silver with no fee, So we're looking forward to that.
Speaker 1: So you can move back and forth between bitcoin and
Speaker 1: gold without a fee. That's cool.
Speaker 3: Yes, Yeah, you can get into precious metals no fee.
Speaker 3: When you shop through us, which will be again nobody
Speaker 3: else does that, and we're glad that we're the first.
Speaker 1: Well that's really good. So yeah, people are concerned about
Speaker 1: something crashing, it's a way for them to switch it
Speaker 1: into something else coming up. So that's great. And we
Speaker 1: can talk about the details of that and more about
Speaker 1: that next week when you come back on anything else
Speaker 1: going on at wisewelf. That's a big deal, and I
Speaker 1: know that's a lot of work to get all that
Speaker 1: stuff together, and especially because all those regulations are still there.
Speaker 3: Oh it's still that. I brought up my little brother,
Speaker 3: how little I call him a little brother. I brought
Speaker 3: my brother and to help me, and he ran a
Speaker 3: fairly large bitcoin ATM business that we started together, but
Speaker 3: he took it and ran with it for many years
Speaker 3: and sold it within the last couple of years. So
Speaker 3: he knows all everywhere, you know, where everybody is and
Speaker 3: who to talk with on regulation and banking. So I
Speaker 3: just brought him in and we're going to fuse the
Speaker 3: two things together, which I think, you know, even with
Speaker 3: what we discussed with the crypto space, I think it's
Speaker 3: going to be volatile. But I'm betting that you know, again,
Speaker 3: the free market or innovation and the entrepreneurs still drive civilization.
Speaker 3: So I'm still still optimistic there that those things will
Speaker 3: go together. And then of course the precious metals, David,
Speaker 3: I mean, I still think we're massively undervalued.
Speaker 2: Most analysts are looking at.
Speaker 3: Rising gold and silver prices, and I know that they
Speaker 3: will because you have the FED meeting and they're talking about.
Speaker 2: Inflation and they don't know why.
Speaker 3: It's just they don't know where it's coming from, but
Speaker 3: they're going to lower rates, and I'm just thinking, okay,
Speaker 3: And you know, Janet Yelling is thinking maybe that the
Speaker 3: COVID stimulus had something to do with it.
Speaker 2: So I'm still betting on precious metals and finite.
Speaker 1: Well, even when you look at some of the big
Speaker 1: banks and their analysts are saying, well, maybe not. You know,
Speaker 1: a lot of them were saying three thousand by January
Speaker 1: whatever for gold. Now they're saying, well maybe by the
Speaker 1: end of the year whatever. But they're still a pretty
Speaker 1: big increase, you know, going from what is it now,
Speaker 1: about twenty six hundred something to three thousand. That's a
Speaker 1: you're not going to make anything at all like that.
Speaker 1: And in the savings acount. They don't. They pay zero,
Speaker 1: like zero point one percent interest or something like that.
Speaker 3: But we'll start moving something after January twentieth, after the
Speaker 3: inaugurate I think you'll just start seeing rising precious metals prices.
Speaker 3: And the reason is is because there's going to be
Speaker 3: a massive amount of spending.
Speaker 2: You and I both know this.
Speaker 3: It's going to be a suspending spree the likes of
Speaker 3: which we probably never seen before. There's going to be
Speaker 3: a lot of it because that's what the previous Trump
Speaker 3: administration was all about, the stock market and you know,
Speaker 3: just inflating that. And if we recall Venezuela, they had
Speaker 3: a you know, booming stock market too while the currency
Speaker 3: was dying. And it won't be like that necessarily in
Speaker 3: the US. But the King Trump loves a weaker dollars.
Speaker 3: He wants that and it's it can be good to
Speaker 3: fuel a lot of things in the short term. But
Speaker 3: we both know what that does to the price of commodities.
Speaker 3: It's going to drive that and that's what those analysts
Speaker 3: are predicting.
Speaker 1: I think they're right, yeah, oh yeah, I think people
Speaker 1: are going to be It's going to whether or not
Speaker 1: the make amnes your greater kind of crowd gets it
Speaker 1: or not, the other people are going to get it,
Speaker 1: and it's going to have real effect when the rosy
Speaker 1: scenario that people are expecting from Trump doesn't happen. And
Speaker 1: I seriously don't think it is. But it's great the
Speaker 1: entrepreneurism that you do in terms of not just what
Speaker 1: you're planning on doing with bitcoin and gold and going
Speaker 1: back and forth, but also with wolf Pack and so
Speaker 1: again that's something unique that nobody else does that you've
Speaker 1: done and kept that up for quite some time. So
Speaker 1: it's great. And you've got a program that is coming
Speaker 1: up right after this. Tell them light where they can
Speaker 1: find that at noon Eastern time or eleven Central time where.
Speaker 3: Neon the eastern eleventh Central Artoburn Radio transmission once a week.
Speaker 3: This is episode four hundred and ninety five, So join
Speaker 3: us today. I'm on the Quest for five hundred broadcasting
Speaker 3: over WWCR. I just got that contract renewed, I got
Speaker 3: I'm off all traditional talk radio now, David, I just
Speaker 3: decided it. I'd outgrown and it's not for me anymore.
Speaker 3: It seemed like a game, like a lot of the
Speaker 3: content is just silly to me at this point. We've
Speaker 3: moved past that and I put away childish things, so
Speaker 3: I'm not doing that anymore. But you can find me
Speaker 3: on x at Tony Arterburn and on Rock Fin on
Speaker 3: the America un Plug channel and on Rumble. So join
Speaker 3: us over there. What's a solid hour. I see what
Speaker 3: I can come up with. We've got some stuff to
Speaker 3: talk about.
Speaker 1: That's great, and people can always get to Tony. Easy
Speaker 1: to remember. If you're a watcher of this program, David
Speaker 1: Knight dot gold Tony set that up. Take you to him.
Speaker 1: Let him know that you came through us, and he
Speaker 1: can help you get set up with wolf Pack. It's
Speaker 1: a great way to accumulate gradually, to accumulate gold and
Speaker 1: silver as kind of a savings program. I remember when
Speaker 1: Americans used to save. Well, you can still do that.
Speaker 1: That's still up to you. Thank you so much for
Speaker 1: joining us. Tony. Always great talking to you. Thank you
Speaker 1: for supporting the program. Appreciate it, Thank you, David.
Speaker 4: That's right, boys and girls, there's a post election sale
Speaker 4: on silver and gold. Trump euphoria has caused a dip
Speaker 4: in silver and gold. It's time to buy some medals
Speaker 4: with Vietnams before they come to their since is go
Speaker 4: to David Knight dot Gold to get in touch with
Speaker 4: the Wise Wolf himself, Tony Harterburn, he knows where to
Speaker 4: look to find silver and gold
Speaker 1: Yuck Fiata