WEBVTT 1 00:00:07.480 --> 00:00:09.960 Like we have joined us now on the line, Tony Ardeman. 2 00:00:10.160 --> 00:00:12.919 And it has been a big couple of weeks for gold, 3 00:00:13.000 --> 00:00:15.560 hasn't it, Tony. I was just looking at the prices 4 00:00:15.599 --> 00:00:18.839 and I was going to talk about this a couple 5 00:00:18.879 --> 00:00:23.960 of days ago. From Friday to Friday it went up 6 00:00:24.239 --> 00:00:28.920 two percent, and then from this last Friday to Monday 7 00:00:29.039 --> 00:00:32.479 it went up three percent, and then in twenty four 8 00:00:32.479 --> 00:00:34.880 hours it went up another two percent. It's been really 9 00:00:35.479 --> 00:00:38.600 hitting all time highs all the time again, isn't it? 10 00:00:39.079 --> 00:00:39.439 Rbrary? 11 00:00:39.560 --> 00:00:44.640 Everything's fine, The financial system is fine. Nobody nobody's running 12 00:00:44.640 --> 00:00:48.240 for the exits. Central banks haven't broken all the records 13 00:00:48.280 --> 00:00:51.240 by a hoarding gold. They now held about thirty six 14 00:01:02.039 --> 00:01:05.599 I brought in about ten tons of gold, which was down, 15 00:01:05.879 --> 00:01:08.840 and that looked like to be a trend except for 16 00:01:08.879 --> 00:01:11.719 the rest of the world going for gold right now 17 00:01:11.760 --> 00:01:14.280 because of all the instability. I mean, you talked earlier 18 00:01:14.319 --> 00:01:18.480 about the chaos of the sanctions and the tariffs and 19 00:01:18.560 --> 00:01:22.359 things that the Trump administration is doing. And markets do 20 00:01:22.480 --> 00:01:25.640 not like uncertainty, that sure, and that is showing up 21 00:01:25.799 --> 00:01:26.799 right now in spades. 22 00:01:26.840 --> 00:01:29.120 And you know, the all tiny good reason for it, 23 00:01:29.200 --> 00:01:30.599 because look at getting started. 24 00:01:30.920 --> 00:01:33.079 It's a good reason they don't like uncertainty because you 25 00:01:33.159 --> 00:01:36.439 look at businesses, whether they're small or large, they can't 26 00:01:36.519 --> 00:01:38.760 operate with this kind of uncertainty. You know, they don't 27 00:01:38.760 --> 00:01:41.120 know if they're buying in it, something's going to be 28 00:01:41.159 --> 00:01:42.519 fifty percent higher than it's going to be in a 29 00:01:42.519 --> 00:01:42.959 week or two. 30 00:01:43.519 --> 00:01:43.640 Uh. 31 00:01:43.959 --> 00:01:47.879 This kind of whip saw stuff is just the ultimate insanity. 32 00:01:47.920 --> 00:01:49.439 It's the dumbest thing I've ever seen. 33 00:01:52.120 --> 00:01:54.920 Yeah, if you wanted to create an environment where the 34 00:01:55.040 --> 00:01:57.959 United States had a robust economy, you would do different 35 00:01:58.000 --> 00:02:01.959 things than what's being done right now. And especially you know, 36 00:02:02.040 --> 00:02:04.959 I mean some of the gold price, it certainly is 37 00:02:05.000 --> 00:02:10.520 the anticipation of the lowering of interest rates or the 38 00:02:10.560 --> 00:02:13.159 replacement of the Fed chair or whatever that is. I mean, 39 00:02:13.159 --> 00:02:16.919 there's something built into the gold price there. But I'm 40 00:02:16.960 --> 00:02:19.840 really of the school and talking to you over the 41 00:02:19.879 --> 00:02:23.120 past few years of we've noticed together that the Federal 42 00:02:23.159 --> 00:02:26.560 Reserve really didn't affect the price of gold. And you know, 43 00:02:26.599 --> 00:02:30.560 when they've raised interest rates usually that will decrease the 44 00:02:30.560 --> 00:02:32.840 price of gold, and gold hit all time highs in 45 00:02:32.879 --> 00:02:34.240 the face of them doing that. 46 00:02:34.960 --> 00:02:37.360 So I don't think that the interest rate necessarily is that. 47 00:02:37.400 --> 00:02:40.400 I think it's the geopolitical tensions, and I think it's 48 00:02:40.439 --> 00:02:42.759 the things like d dollarization, David. I mean, if you 49 00:02:42.800 --> 00:02:47.039 look at we just you know, surpassed gold surpassed a 50 00:02:47.080 --> 00:02:51.159 week the gold surpassed the euro as the second most 51 00:02:51.199 --> 00:02:55.439 held reserve asset by central banks. But now gold has 52 00:02:55.479 --> 00:03:00.080 surpassed the holding of treasuries US treasuries. That's another thing 53 00:03:00.120 --> 00:03:03.319 that just got passed. Wow, in the last month or so. 54 00:03:03.319 --> 00:03:06.680 So the world now holds more gold than US treasuries 55 00:03:07.240 --> 00:03:10.599 across the board as a reserve asset. So that's another thing. 56 00:03:10.879 --> 00:03:15.360 The deed allarization is still continuing to unfold, and. 57 00:03:15.319 --> 00:03:17.319 Of course the media is so focused on everything that's 58 00:03:17.319 --> 00:03:21.120 happening in the United States solely and what's going on 59 00:03:21.159 --> 00:03:23.000 with the Fed and what's going with Trump. They're not 60 00:03:23.000 --> 00:03:27.039 paying any attention really much to this Shanghai Cooperation Organization. 61 00:03:27.080 --> 00:03:29.280 I think it is the SEO that's happening there, and 62 00:03:29.319 --> 00:03:33.360 that's all a blowback against Trump's bullying, because that's essentially 63 00:03:33.360 --> 00:03:37.560 what the tariffs are. They're not about protectionism, they're about bullyism. 64 00:03:37.800 --> 00:03:40.639 I guess that's what you could say. It's about bullying. 65 00:03:40.680 --> 00:03:45.000 These different countries, and it's really destroying the system that 66 00:03:45.080 --> 00:03:49.560 America had made, continuing the work that Biden had done 67 00:03:49.599 --> 00:03:54.280 in his administration. But it is, as Ray Dalio said, 68 00:03:54.680 --> 00:03:59.520 Trump's America is drifting into a nineteen thirties style autocratic politics. 69 00:03:59.800 --> 00:04:02.080 And Trump is very happy about that. He wants to 70 00:04:02.080 --> 00:04:07.520 be seen as an administration that reorganized everything like FDR 71 00:04:07.639 --> 00:04:11.439 Dead and he's really organizing along central planning and socialist lines, 72 00:04:11.560 --> 00:04:12.240 is what I think. 73 00:04:13.800 --> 00:04:17.040 Yeah, because that worked out well in the past. Always 74 00:04:17.040 --> 00:04:21.240 the central planning always works out well. Now that is 75 00:04:21.439 --> 00:04:25.079 seems to be the theme. This really isn't about economics. 76 00:04:25.079 --> 00:04:28.879 I mean even for even for the short term. You know, 77 00:04:28.920 --> 00:04:32.040 if you look at the magic pill that Trump wants 78 00:04:32.120 --> 00:04:34.160 to push, which is the lowered interest rates or taking 79 00:04:34.199 --> 00:04:37.279 interest rates to zero, I mean, just make the money, 80 00:04:37.279 --> 00:04:38.199 printer go burn. 81 00:04:38.319 --> 00:04:40.240 That's really what he's wanting to do. 82 00:04:40.279 --> 00:04:43.319 And you need a weeker dollar in order to play 83 00:04:43.360 --> 00:04:47.360 these tariff games. And the sad part about all of 84 00:04:47.360 --> 00:04:51.160 it is that this funhouse mirror version of what the 85 00:04:51.199 --> 00:04:55.160 tariffs represent to the public now are not what their 86 00:04:55.160 --> 00:04:58.319 intent was, or what they're supposed to be used for 87 00:04:58.639 --> 00:05:02.160 or what I what I supported them for now. I 88 00:05:02.199 --> 00:05:05.240 don't I have to back off of what, you know, 89 00:05:05.319 --> 00:05:08.199 my previous support of things like tariffs, because I don't 90 00:05:08.360 --> 00:05:09.920 think they're being used in that way. 91 00:05:10.160 --> 00:05:12.920 It's more of a it's more of a stick and 92 00:05:12.959 --> 00:05:13.519 no care it. 93 00:05:13.839 --> 00:05:15.920 And you're right about the rest of the world is 94 00:05:16.000 --> 00:05:21.480 the forming coalitions. You can look at the easiest example 95 00:05:21.519 --> 00:05:25.000 of that would be bricks, which is Brazil, Russia, India, China, 96 00:05:25.040 --> 00:05:25.720 South Africa. 97 00:05:25.759 --> 00:05:27.360 But it's more than that. 98 00:05:27.399 --> 00:05:32.959 I mean geopolitically, militarily, economically, all of the forces that 99 00:05:33.120 --> 00:05:38.560 are aligned against US hegemony which has been abused are 100 00:05:38.600 --> 00:05:43.040 gaining strength and we look ridiculous right now, and that's unfortunate. 101 00:05:43.319 --> 00:05:45.399 Well, I was just saying, you know, we had India 102 00:05:45.399 --> 00:05:47.279 and China were fighting each other one spot on the 103 00:05:47.279 --> 00:05:50.800 border not long ago. Now they're embracing each other as 104 00:05:50.839 --> 00:05:54.759 friends because of Trump's bullying. That's what's really happening with 105 00:05:54.800 --> 00:06:00.000 all this. So Ray Dalio said, there's a strong autocratically 106 00:06:00.040 --> 00:06:02.720 leadership that's sprang out of the desire to take control 107 00:06:02.720 --> 00:06:05.079 of the financial and economic situation, same as it was 108 00:06:05.079 --> 00:06:08.959 in the nineteen thirties, and that's really the path that 109 00:06:08.959 --> 00:06:12.120 we're going on. And you know, Trump and the people 110 00:06:12.160 --> 00:06:15.680 around him, whoever is making the policy, people around him 111 00:06:16.079 --> 00:06:20.199 know that they've got this massive debt that he's growing 112 00:06:20.240 --> 00:06:22.839 by leaps and bounds, and they want to monetize that 113 00:06:22.879 --> 00:06:24.560 with inflation. They want to be able to pay it 114 00:06:24.600 --> 00:06:27.160 back with cheaper dollars and then we'll be able to 115 00:06:27.160 --> 00:06:30.120 pay it back at a cheaper interest rate. That's the 116 00:06:30.319 --> 00:06:32.720 strategy that he's focused on, and that's why he's pushing 117 00:06:32.800 --> 00:06:35.519 so hard. And I don't know, when you look at 118 00:06:35.560 --> 00:06:37.680 what's going on with the Federal Reserve, they may be 119 00:06:37.720 --> 00:06:39.759 able to get this one person out and he may 120 00:06:39.800 --> 00:06:45.040 be able to intimidate Powell. Joy Clinty always said Trump's 121 00:06:45.040 --> 00:06:46.959 going to get whatever he wants out of the Federal Reserve, 122 00:06:47.480 --> 00:06:51.120 and because he did the last time. But he's really 123 00:06:51.199 --> 00:06:52.759 put the screws on him with this stuff. 124 00:06:55.279 --> 00:06:58.879 He certainly has, and there really is any other examples 125 00:06:58.879 --> 00:07:03.480 in modern US history of the president, you know, openly 126 00:07:05.240 --> 00:07:08.279 intimidating the FED chair or calling for the removal of 127 00:07:08.279 --> 00:07:11.319 a FED chair. I mean, there's examples of Lyndon Johnson 128 00:07:11.360 --> 00:07:15.240 supposedly bullied the FED chair in the Oval Office, but 129 00:07:15.279 --> 00:07:19.920 that was in private. This has been open and I 130 00:07:19.959 --> 00:07:22.439 think that begs a lot of other questions about the 131 00:07:22.519 --> 00:07:24.680 role of the FED and what the FED is, and 132 00:07:25.079 --> 00:07:28.360 this private banking consortium and how much power they actually have, 133 00:07:28.480 --> 00:07:31.680 and what the presidency represents, and a lot of this 134 00:07:31.759 --> 00:07:34.959 is still just a show. I mean, yes, Gerald Cialente's right. 135 00:07:34.959 --> 00:07:38.879 Trump will get the rate cuts that he wants. That 136 00:07:38.959 --> 00:07:41.839 will happen, and I think that that's just going to 137 00:07:41.879 --> 00:07:47.399 signal further inflation. The era of inflating our way out 138 00:07:47.439 --> 00:07:50.759 of these crises, though, I think is coming to an end. 139 00:07:51.480 --> 00:07:53.879 Just everything that I followed over the years, and knowing 140 00:07:53.920 --> 00:07:56.720 what the metrics say. You know, if you go to 141 00:07:56.720 --> 00:07:58.879 one hundred and thirty percent for whatever reason, that's a 142 00:07:58.920 --> 00:08:01.079 magic number, David. But one hundred and thirty percent of 143 00:08:01.120 --> 00:08:04.720 debt to GDP is with some sort of tipping point 144 00:08:04.839 --> 00:08:07.839 where you know, the most of the economist's degree, that's 145 00:08:07.839 --> 00:08:11.120 a that's a rubicon. You cross that and there's really 146 00:08:11.199 --> 00:08:13.639 no coming back. So I don't know, you know, what 147 00:08:13.680 --> 00:08:17.600 the plan here is other than you know, short term fulfillment, 148 00:08:17.720 --> 00:08:20.879 which could be I mean, could be just trying to 149 00:08:20.920 --> 00:08:23.360 pass the midterms and just buying some time. You know, 150 00:08:23.519 --> 00:08:25.639 it's the economy stupid always coming back. 151 00:08:25.600 --> 00:08:28.120 When you get when you get debt that is so large, 152 00:08:28.199 --> 00:08:31.480 it starts crowding out all the marketplaces. And that's the 153 00:08:31.560 --> 00:08:33.279 key thing, you know, it's the elephant in the room 154 00:08:33.679 --> 00:08:38.279 that is destroying everything. And the federal government as becomes larger, 155 00:08:38.480 --> 00:08:42.759 more authoritarian, more dictatorial, is crowding out all the individual 156 00:08:42.799 --> 00:08:46.000 decisions around there. That's why it's it's destroying the economy. 157 00:08:46.159 --> 00:08:48.720 And we'll do that. Ray Dalio says, it gives it 158 00:08:48.759 --> 00:08:51.240 about three years, give or take a ye or two 159 00:08:51.240 --> 00:08:55.759 before we have a big debt induced heart attack. They're 160 00:08:55.799 --> 00:08:58.200 going to drop the interest rates by a quarter of 161 00:08:58.200 --> 00:09:01.039 a point, by twenty five basis points. Some people think 162 00:09:01.080 --> 00:09:05.039 that's going to happen with fifty basis points. And a 163 00:09:05.080 --> 00:09:07.000 lot of people are saying gold is not done yet. 164 00:09:07.039 --> 00:09:09.799 So you've got a lot of people projecting four thousand 165 00:09:09.879 --> 00:09:12.679 dollars in the near term right now as well. And 166 00:09:12.720 --> 00:09:16.200 as I said, it's been jumping leaps and bounds we've 167 00:09:16.240 --> 00:09:22.159 seen with this happening silver, how silver doing well. 168 00:09:22.200 --> 00:09:26.799 Silver is at a almost an all time high again, 169 00:09:26.879 --> 00:09:29.639 I mean it's within striking distance of that. I mean 170 00:09:29.679 --> 00:09:32.399 fifty two dollars fifty cents is the nineteen eighty high, 171 00:09:32.480 --> 00:09:35.240 but you look at twenty and eleven, this is the 172 00:09:35.279 --> 00:09:38.039 first time since twenty and eleven we've hit over forty 173 00:09:38.039 --> 00:09:41.159 dollars an ounce. I'll pull up live spot prices right 174 00:09:41.159 --> 00:09:45.039 now and we'll see where we're at. But I think 175 00:09:45.759 --> 00:09:49.039 something happy. I have forty dollars and sixty eight cents 176 00:09:49.919 --> 00:09:53.000 as of this broadcast is where silver is. So we're 177 00:09:53.039 --> 00:09:56.320 above the forty dollars mark for the first time since 178 00:09:56.360 --> 00:09:59.279 I've been in business, for the first time since wise 179 00:09:59.279 --> 00:10:01.320 Wolf's been in business, as we hit forty dollars, So 180 00:10:02.080 --> 00:10:05.240 interesting to see there, and I think we're just getting started. 181 00:10:05.279 --> 00:10:07.840 So this kind of goes back to conversations you and 182 00:10:07.879 --> 00:10:11.200 I had a year ago or more, and I started to. 183 00:10:11.240 --> 00:10:12.120 Notice that. 184 00:10:14.320 --> 00:10:18.519 These nation states, and especially got Russia, we're putting silver 185 00:10:18.679 --> 00:10:22.159 on the as a strategic reserve asset. And I thought, 186 00:10:22.159 --> 00:10:25.159 once that happened that a lot of these the comes 187 00:10:25.240 --> 00:10:27.559 and the contracts, and a lot of the paper and 188 00:10:27.600 --> 00:10:30.320 the ETFs and things that were papered over, I thought 189 00:10:30.320 --> 00:10:33.960 that that would start putting strain on between the physical 190 00:10:34.039 --> 00:10:35.919 dichotomy and the paper. 191 00:10:36.480 --> 00:10:38.480 And I may be right there. 192 00:10:38.759 --> 00:10:42.720 Something happened and I think the days of cheap silver 193 00:10:42.799 --> 00:10:45.919 made me behind us. David, though, where I was saying, 194 00:10:45.960 --> 00:10:47.759 you know, when we were in the twenty dollars range 195 00:10:48.200 --> 00:10:51.080 twenty mid twenties, I was saying, this is extremely cheap, 196 00:10:51.080 --> 00:10:52.960 and I was saying it was cheap at mid thirties, 197 00:10:52.960 --> 00:10:56.320 and it still is given what you know, it's all 198 00:10:56.360 --> 00:10:58.919 time high has been and of course what's happened to 199 00:10:58.919 --> 00:11:01.159 the dollar. I think it's extremely and cheap, but it 200 00:11:01.240 --> 00:11:02.360 is interesting to watch it. 201 00:11:02.480 --> 00:11:04.399 I was just looking at while we were on break, 202 00:11:05.080 --> 00:11:08.279 what Bessett was saying about declaring this national housing emergency 203 00:11:08.279 --> 00:11:13.279 in the fall. He was saying, rightfully identifying the problem. 204 00:11:13.600 --> 00:11:15.879 It's not an emergency though, it's a I think it's 205 00:11:15.919 --> 00:11:20.480 a long term, planned takedown, and it's not some unusual 206 00:11:20.480 --> 00:11:23.039 thing that's just kicked in. As you know and everybody knows, 207 00:11:23.080 --> 00:11:29.039 this is a result of a lot of overregulation, mismanagement, inflation, 208 00:11:29.120 --> 00:11:32.360 and other things like that. It is a reflection of 209 00:11:32.399 --> 00:11:34.799 where we are as a society. He says, all things 210 00:11:34.840 --> 00:11:39.000 are on the table, and he's talking about how how 211 00:11:39.039 --> 00:11:41.600 difficult it is to afford homes, but he thinks that 212 00:11:41.679 --> 00:11:44.759 the solution is going to be he said, yeah, look 213 00:11:44.799 --> 00:11:47.360 at this eggs. He's saying this from a restaurant. He said, 214 00:11:47.600 --> 00:11:51.559 eggs are cheaper now thanks to Trump. And we're going 215 00:11:51.600 --> 00:11:53.360 to have this lady who's working here in a restaurant. 216 00:11:53.639 --> 00:11:55.440 She's going to be in a much better position because 217 00:11:55.440 --> 00:11:57.879 she's not going to have taxes on her tips. And 218 00:11:57.879 --> 00:12:00.120 it's like, well, think through that. Maybe that's what it's 219 00:12:00.159 --> 00:12:03.519 making things so difficult and unaffordable. It's the taxes and 220 00:12:03.559 --> 00:12:05.559 the debt that you put on us. But they're not 221 00:12:05.559 --> 00:12:07.080 going to do that. I imagine they're going to come 222 00:12:07.159 --> 00:12:09.320 up with some kind of a free giveaway, don't you think. 223 00:12:11.720 --> 00:12:15.440 Well, the price of housing, that's an interesting metric because 224 00:12:16.159 --> 00:12:20.720 that it reveals the scam of fiat currency, the price 225 00:12:20.799 --> 00:12:25.600 instability of currency that's constantly losing value, and the reason 226 00:12:25.639 --> 00:12:28.600 that the current generation is basically priced out of the 227 00:12:28.600 --> 00:12:32.039 housing market. I mean, was it fifteen years ago the 228 00:12:32.159 --> 00:12:36.200 average home buyer was around thirty years old, David. 229 00:12:36.279 --> 00:12:40.679 Now it's forty. Yeah, and that's bad for everybody. Of 230 00:12:40.919 --> 00:12:42.240 young people have been priced out. 231 00:12:42.240 --> 00:12:45.720 It's because the wealthier that you get, you will park 232 00:12:46.879 --> 00:12:48.879 funds in real estate because you can't put it in 233 00:12:48.919 --> 00:12:51.559 a savings account and a CD is not going to 234 00:12:51.960 --> 00:12:54.360 do much for you. So these wealthy people will just 235 00:12:54.399 --> 00:12:57.200 buy more and more houses. They don't even live in them. Yeah, 236 00:12:57.440 --> 00:12:59.679 and we see that with you want to talk about 237 00:13:00.080 --> 00:13:01.919 fueling the home prices. 238 00:13:02.039 --> 00:13:03.440 Who's the mega buyers right now? 239 00:13:03.440 --> 00:13:06.679 That's black Rock, Yes, you know, gone in in twenty 240 00:13:06.720 --> 00:13:11.440 twenty and buying up massive neighborhoods and outbidding individuals. So 241 00:13:11.480 --> 00:13:13.960 there's a reason why that you know this with the 242 00:13:14.120 --> 00:13:17.879 deed allarization happening around the globe and the. 243 00:13:18.279 --> 00:13:21.080 Of course, it's interesting that Blackrocks all are diminishing. It's 244 00:13:21.120 --> 00:13:23.919 interesting that Larry Fink and Blackrock were so involved in 245 00:13:23.960 --> 00:13:26.600 the mortgage scams of two thousand and seven two thousand 246 00:13:26.600 --> 00:13:30.679 and eight and then managed to parlay that into his 247 00:13:31.919 --> 00:13:34.639 massive fortune that he has there. But yeah, as it 248 00:13:34.679 --> 00:13:38.000 goes up and talk about a generational thing. Even people 249 00:13:38.039 --> 00:13:41.159 who are in the generation that I am, who are 250 00:13:41.159 --> 00:13:43.600 able to afford a house, we have to look at 251 00:13:43.639 --> 00:13:45.240 this and say, and who are we going to sell 252 00:13:45.279 --> 00:13:48.559 this to? Right, if the younger people can't afford it, 253 00:13:48.200 --> 00:13:50.240 it's a problem for all generations. 254 00:13:52.360 --> 00:13:53.279 That's exactly right. 255 00:13:54.200 --> 00:13:57.279 Eventually, real estate's worth what someone will pay for it. Yeah, 256 00:13:57.399 --> 00:13:59.799 It's like when somebody comes to me with a rare 257 00:14:00.039 --> 00:14:02.480 coin or something, or I have an air coin. I 258 00:14:02.559 --> 00:14:04.320 have this penny and I'm like, that's really cool, and 259 00:14:04.480 --> 00:14:06.000 I looked it up on an app and it's worth 260 00:14:06.080 --> 00:14:09.279 thousand dollars and I'm like, that may be true. I 261 00:14:09.320 --> 00:14:12.000 don't have anywhere to sell it. So I mean there's 262 00:14:12.440 --> 00:14:14.720 a there's an issue with real estate. I learned this 263 00:14:14.799 --> 00:14:17.120 is I was a young real estate broker at twenty 264 00:14:17.159 --> 00:14:19.879 five and had that was from the first business I 265 00:14:19.919 --> 00:14:23.399 ever started. I called it Monticello real Estate after Thomas 266 00:14:23.440 --> 00:14:24.240 Jefferson's home. 267 00:14:24.240 --> 00:14:26.759 I had my first real estate brokerage, and so I 268 00:14:26.840 --> 00:14:27.120 learned a. 269 00:14:27.120 --> 00:14:29.440 Lot about real estate and that, of course, it culminated 270 00:14:29.480 --> 00:14:34.639 with the housing collapse in two thousand and eight two 271 00:14:34.679 --> 00:14:37.240 thousand and nine, and I went and started a different business. 272 00:14:37.279 --> 00:14:39.039 But I've been in real estate a long time. 273 00:14:40.200 --> 00:14:43.480 I think that we're definitely going to see kind of 274 00:14:43.559 --> 00:14:46.600 an end game to whatever that was, where you know, 275 00:14:46.639 --> 00:14:49.399 the American dream, the white picket fence and all this stuff, 276 00:14:49.399 --> 00:14:53.000 and that everybody you know has a house, they're priced 277 00:14:53.000 --> 00:14:55.720 out now because of what happened to the currency, we 278 00:14:55.799 --> 00:14:59.879 have a currency crisis. Really, the currency crisis affects everything else, 279 00:15:00.120 --> 00:15:03.679 then it just just appears that it's a housing crisis. 280 00:15:03.879 --> 00:15:05.720 Really it's occurrency crisis. Yeah. 281 00:15:06.000 --> 00:15:08.759 And I think a lot of the younger people, if 282 00:15:08.799 --> 00:15:11.960 you look at what's going on with the with bitcoin, 283 00:15:14.080 --> 00:15:16.519 they're they're buying bitcoin, they're buying other things they can 284 00:15:16.559 --> 00:15:19.559 get into, they can own, you know, they can stack 285 00:15:19.639 --> 00:15:22.879 Satoshi's instead of buying real estate, and they can own 286 00:15:22.919 --> 00:15:25.320 a piece of something that is finite. And a lot of 287 00:15:25.320 --> 00:15:29.200 people think that way in the digitized world. And I 288 00:15:29.200 --> 00:15:32.600 think that will that will show up in housing eventually 289 00:15:33.240 --> 00:15:35.960 a big portion of the housing market. I believe david 290 00:15:36.000 --> 00:15:39.440 will be demonetized in a way. If you look at 291 00:15:40.519 --> 00:15:42.159 I think it was they did a study recently. It 292 00:15:42.200 --> 00:15:46.440 was British Columbia. Was it like, you know, five ten 293 00:15:46.519 --> 00:15:51.279 years ago, it would take one hundred bitcoin to buy 294 00:15:51.480 --> 00:15:55.320 a medium sized house and now it takes four. 295 00:15:56.879 --> 00:15:59.000 So like in priced in bitcoin. 296 00:15:59.320 --> 00:16:06.480 The house market is demonetizing. It's actually getting deflationary, but 297 00:16:06.600 --> 00:16:08.519 priced in dollars it's inflationary. 298 00:16:08.919 --> 00:16:12.039 So I think a lot of this is going to work. 299 00:16:11.879 --> 00:16:15.679 Itself out as we go through the digitizing of currency. 300 00:16:15.720 --> 00:16:18.279 And what's happening with the dollar and where we land 301 00:16:19.159 --> 00:16:22.559 and this bubble it may it may, you may be correct. 302 00:16:22.600 --> 00:16:25.759 Where people have We've built up this housing with you know, 303 00:16:25.960 --> 00:16:28.720 previous generations and sold and it has gone up and 304 00:16:28.759 --> 00:16:31.000 gone up, and the priced itself out and then you 305 00:16:31.039 --> 00:16:34.519 don't have any buyers except for Blackrock. 306 00:16:35.120 --> 00:16:38.679 Yeah, who wants to own everything? And you will own 307 00:16:38.759 --> 00:16:41.720 nothing I have If I tyran At seventeen seventy six 308 00:16:41.759 --> 00:16:45.759 says gold will be useless when CBDC is implemented, outlawed 309 00:16:45.759 --> 00:16:49.480 by government, I disagree because I'm looking one of the 310 00:16:49.519 --> 00:16:53.360 reasons I put that article in this stack about the 311 00:16:53.440 --> 00:16:55.679 guy that was arrested when we went back to Britain 312 00:16:56.159 --> 00:17:01.600 because of his tweets. Britain is working very hard to 313 00:17:01.679 --> 00:17:04.359 give ID cards to everybody. This is something Tony Blair 314 00:17:04.400 --> 00:17:07.079 always wanted to do. Going back to Blair and Bush, 315 00:17:07.119 --> 00:17:11.599 they were all about national identity, right, and those things 316 00:17:11.599 --> 00:17:13.680 have stayed there kind of under the radar, but they're 317 00:17:13.720 --> 00:17:17.680 bringing them back now. And first of all, they won't 318 00:17:17.680 --> 00:17:20.440 call it CBDC. They'll give it a different name, but 319 00:17:20.680 --> 00:17:23.079 functionally it'll be equivalent to that. It'll be some kind 320 00:17:23.119 --> 00:17:26.200 of a stable coin, and I would just refer to 321 00:17:26.240 --> 00:17:28.720 people who think that the gold is going to be prohibited, 322 00:17:28.960 --> 00:17:32.440 I would refer them to the drug war. You know, 323 00:17:32.519 --> 00:17:35.000 gold is not something that is you know, when you've 324 00:17:35.000 --> 00:17:38.440 got something that doesn't even harm people, right, you can 325 00:17:38.480 --> 00:17:41.480 look at drugs, you can look even at alcohol, and 326 00:17:41.519 --> 00:17:43.200 you can say, well, there's a lot of people who 327 00:17:43.200 --> 00:17:45.519 don't like that because of the harm that's done to individuals, 328 00:17:45.759 --> 00:17:50.279 and so they might side with that. But with gold 329 00:17:50.880 --> 00:17:53.680 prohibiting something like that, I don't think that they'll ever 330 00:17:53.680 --> 00:17:57.039 get away with that. Again, I don't think people voluntarily 331 00:17:57.039 --> 00:18:00.200 turn it in. People are too skeptical about and rightfully so, 332 00:18:00.359 --> 00:18:03.319 of the federal government now to cooperate with that. As 333 00:18:03.400 --> 00:18:07.839 Gerald Centry said, his dad or grandfather dutifully turned in 334 00:18:07.920 --> 00:18:11.319 their goal when FDR wanted it turned in. But that's 335 00:18:11.319 --> 00:18:13.480 not going to happen today. If they were to outlaw goal, 336 00:18:13.519 --> 00:18:15.000 people aren't going to turn it in to become an 337 00:18:15.079 --> 00:18:19.920 underground economy, and it would actually probably help it, because 338 00:18:19.920 --> 00:18:23.319 we need something to get an underground economy going that's 339 00:18:23.359 --> 00:18:26.759 in something I think other than drugs. But they don't 340 00:18:26.799 --> 00:18:29.759 have the ability to prohibit anything they want. They can't 341 00:18:29.759 --> 00:18:30.559 really enforce that. 342 00:18:32.599 --> 00:18:36.640 Now. Gold is one of those mysteries too. 343 00:18:37.160 --> 00:18:40.240 If you read you know, I've read extensive histories on gold, 344 00:18:40.279 --> 00:18:42.799 and I would refer people to I just did a 345 00:18:42.839 --> 00:18:48.519 podcast recently with Alan Area, who wrote the history Another 346 00:18:48.599 --> 00:18:50.440 History of Gold. I thought it was the most complex, 347 00:18:50.599 --> 00:18:53.640 well written history of gold I've ever read, and I 348 00:18:54.279 --> 00:18:56.039 did an interview with him a couple of months ago. 349 00:18:56.160 --> 00:18:58.480 Open my channel on paratruth or to check that out, 350 00:18:58.519 --> 00:19:02.279 because it goes deep and to how it's interwoven into 351 00:19:02.519 --> 00:19:07.640 human history, so not just monetary. It's just a part 352 00:19:07.640 --> 00:19:11.559 of our story. It's never going away. Communist governments, as 353 00:19:11.599 --> 00:19:15.000 you know, David, they temporarily outlaw people of having gold, 354 00:19:15.000 --> 00:19:16.759 but they love it. They need the gold, they hoard 355 00:19:16.799 --> 00:19:20.200 the gold. The government's do that never really, you know. 356 00:19:20.720 --> 00:19:23.680 And that's the reason that FDR made it, you know, 357 00:19:24.559 --> 00:19:27.359 illegal for you to hoard gold or own gold and 358 00:19:27.359 --> 00:19:30.440 turn your gold in that executive order. It's because they 359 00:19:30.440 --> 00:19:33.680 wanted to transfer it back to the Central Bank and 360 00:19:33.720 --> 00:19:37.000 to the Bank of International Settlements, and that's where a 361 00:19:37.039 --> 00:19:38.680 lot of the gold went. And so when it was 362 00:19:38.720 --> 00:19:42.240 turned in, and I might remind people, they turned it 363 00:19:42.279 --> 00:19:44.440 in and then they raised the price from twenty dollars 364 00:19:44.480 --> 00:19:47.519 announce or twenty dollars and sixty seven cents announced to 365 00:19:48.200 --> 00:19:49.480 thirty five dollars announce. 366 00:19:50.519 --> 00:19:54.599 So it was a great heist that happened. 367 00:19:54.960 --> 00:19:59.680 So gold will always surround value and what we consider money, 368 00:20:00.079 --> 00:20:02.880 and there will be other things on the horizon as well. 369 00:20:02.920 --> 00:20:06.759 I thinks, like bitcoin or something like that. But gold 370 00:20:06.799 --> 00:20:11.039 will always hold some sort of. 371 00:20:10.440 --> 00:20:12.759 Of value and will be considered money. 372 00:20:13.160 --> 00:20:16.279 I agree, I agree. So tell us a bit about 373 00:20:16.279 --> 00:20:17.599 what's going on at Wisewolf. 374 00:20:19.400 --> 00:20:20.519 Well, we've got a lot going on. 375 00:20:20.559 --> 00:20:23.920 I've been in Texas the last week and working on 376 00:20:24.519 --> 00:20:25.880 my physical location. 377 00:20:25.920 --> 00:20:27.759 I don't know if I told you, David. 378 00:20:27.839 --> 00:20:33.039 I bought an old branch bank and it used to 379 00:20:33.039 --> 00:20:35.799 be a Bank of America. It was a Texas State bank. 380 00:20:35.839 --> 00:20:37.599 It's like it has a drive through, has all the 381 00:20:37.599 --> 00:20:39.960 stuff that anyway it was it was being used as 382 00:20:40.240 --> 00:20:42.720 a CBD shop or something and I and it went 383 00:20:42.799 --> 00:20:43.880 up for lease and I'm like. 384 00:20:43.839 --> 00:20:45.920 All the stuff still intact. It's still a bank. 385 00:20:46.200 --> 00:20:48.559 You can use it as a CBDC shop now, I 386 00:20:48.559 --> 00:20:49.279 guess that's. 387 00:20:51.200 --> 00:20:51.440 Yeah. 388 00:20:51.839 --> 00:20:55.599 So I've got the I've got the bank, and we've 389 00:20:55.599 --> 00:20:59.880 been working on converting it over. We're actual, we're operational 390 00:21:00.079 --> 00:21:05.000 right now for it's and I rebranded just for this location. 391 00:21:05.079 --> 00:21:07.640 I did wise wolf Gold Silver Bitcoin have a new 392 00:21:07.720 --> 00:21:12.279 logo and so we're the only drive through gold silver 393 00:21:12.400 --> 00:21:15.160 Bitcoin place in America as far as. 394 00:21:15.079 --> 00:21:15.960 I know that anywhere. 395 00:21:16.039 --> 00:21:19.440 So we've still got all the all the bank stuff intact. 396 00:21:19.480 --> 00:21:21.920 I've got an office in a studio. I'm working over there, 397 00:21:21.960 --> 00:21:25.079 and today was supposed to be my last broadcast out 398 00:21:25.119 --> 00:21:26.319 of my house, which is funny. 399 00:21:26.319 --> 00:21:28.079 I'm gonna I'm gonna when we get that done with. 400 00:21:28.079 --> 00:21:32.799 The show to figure out what what alphabet agency was 401 00:21:33.079 --> 00:21:36.640