WEBVTT 1 00:00:05.000 --> 00:00:07.320 And joining us now is Tony Ardaban. He has Wise 2 00:00:07.360 --> 00:00:10.480 Wolf Gold and Tony and I go back a long way, 3 00:00:10.679 --> 00:00:14.160 and Tony has set up Davidknight dot Gold. That'll take 4 00:00:14.199 --> 00:00:18.960 you to Wisewolf, a great place to get yourself some 5 00:00:19.039 --> 00:00:22.320 wealth protection. As I was talking about yesterday, people always 6 00:00:22.359 --> 00:00:25.800 talk about the price of gold, but he said, but 7 00:00:25.839 --> 00:00:28.320 there was an article and Tony has talked about this 8 00:00:28.399 --> 00:00:33.240 in the past as well, where this one individual went 9 00:00:33.280 --> 00:00:34.920 back and looked at the price of a whole bunch 10 00:00:35.000 --> 00:00:37.560 of different things, from how much does a ski lift 11 00:00:37.560 --> 00:00:41.200 ticket cost to how much a beer cost at the 12 00:00:41.520 --> 00:00:44.600 Octoberfest and Munich price these things in. 13 00:00:44.600 --> 00:00:47.719 Gold, and he says this is the key. 14 00:00:47.960 --> 00:00:51.240 You look at the price in gold of something instead 15 00:00:51.240 --> 00:00:53.320 of the price of gold compared to a currency, because 16 00:00:53.320 --> 00:00:57.200 it's all over the place with various currencies. But again, 17 00:00:57.240 --> 00:01:00.479 if you want to protect your wealth and a store value, 18 00:01:00.479 --> 00:01:03.200 and if you want to protect your privacy, you can 19 00:01:03.240 --> 00:01:05.799 get gold and silver at Wisewolf Gold. 20 00:01:05.840 --> 00:01:07.719 You can go David Knight dot Gold. I'll take you there. 21 00:01:07.719 --> 00:01:11.280 And also Tony has the wolf Pack which allows you 22 00:01:11.359 --> 00:01:14.359 to gradually accumulate. You pick the amount that you want 23 00:01:14.400 --> 00:01:17.400 to set aside each month, and you can get a 24 00:01:17.439 --> 00:01:20.640 group discount by being a part of wolf Pack. Thank 25 00:01:20.680 --> 00:01:22.640 you for joining us, Tony. Is always good to have 26 00:01:22.680 --> 00:01:22.920 you on. 27 00:01:25.519 --> 00:01:27.359 It's good to see you there. Thanks for having me. 28 00:01:27.760 --> 00:01:32.000 I'm broadcasting from Los Angeles today. I'm actually on the road. Really, 29 00:01:32.159 --> 00:01:34.480 I was out recording it. Yeah, I'm supposed to be 30 00:01:34.560 --> 00:01:37.519 recording a podcast, so I'm out here on business and 31 00:01:37.719 --> 00:01:39.359 I didn't want to miss the show though. And you're 32 00:01:39.359 --> 00:01:44.599 absolutely right. Gold over time just keeps its value and 33 00:01:44.640 --> 00:01:47.120 a lot of people mistake that, and there is times 34 00:01:47.159 --> 00:01:49.439 when it's a great investment, if you want to call 35 00:01:49.480 --> 00:01:51.480 it that, but really what it is is a store 36 00:01:51.480 --> 00:01:54.319 of value. Gold is actually money. And if you look 37 00:01:54.359 --> 00:01:56.760 at there's a meme that's really popular right now. It 38 00:01:56.799 --> 00:01:59.719 says it has ten ounce gold bar. It's like ten 39 00:01:59.799 --> 00:02:03.120 of these would buy a standard family home in nineteen 40 00:02:03.200 --> 00:02:05.799 twenty and it's like, at fast forward one hundred years, 41 00:02:05.920 --> 00:02:08.360 ten of the eighties will buy a standard home in 42 00:02:08.479 --> 00:02:12.199 twenty twenty four. And I think that just makes people think, like, well, 43 00:02:12.520 --> 00:02:14.919 what's the deal here? What happened? Well, what happened was 44 00:02:14.960 --> 00:02:18.960 the separation of value between your currency and the money, 45 00:02:18.960 --> 00:02:21.000 which are two different things now, I mean they can 46 00:02:21.039 --> 00:02:23.560 be the same thing. But right now across the world, 47 00:02:23.639 --> 00:02:28.479 we have fiat currency that's again means by a decree. 48 00:02:28.759 --> 00:02:31.560 So this is a fake currency set up by government 49 00:02:31.599 --> 00:02:33.759 so they can expand the money supply to pay for 50 00:02:33.840 --> 00:02:37.840 their mistakes and their corruption, and we the people are 51 00:02:37.960 --> 00:02:40.599 left holding the bag. And that's why it's It's something 52 00:02:40.599 --> 00:02:42.719 that I talk about all the time, understanding there's been 53 00:02:42.800 --> 00:02:46.360 currency and money, and that money has intrinsic value and 54 00:02:46.439 --> 00:02:47.479 stores of value. 55 00:02:47.680 --> 00:02:50.680 Yeah, and yesterday I talked about how there was an 56 00:02:50.680 --> 00:02:54.479 excellent article from I think it's a Mesa's Institute talking 57 00:02:54.479 --> 00:02:57.919 about the fact that the Fall Reserve doesn't own any gold. 58 00:02:58.159 --> 00:02:59.120 They've got some gold. 59 00:02:58.919 --> 00:03:01.240 Celnificates, right, but they don't get it, and said, and 60 00:03:01.280 --> 00:03:03.479 why would they, because you know, as you said so 61 00:03:03.479 --> 00:03:07.280 many times, they're essentially at war with gold. They're trying 62 00:03:07.319 --> 00:03:10.000 to increase the value of the thing that they control. 63 00:03:10.639 --> 00:03:15.120 And so they're unique amongst all of the central banks 64 00:03:15.759 --> 00:03:17.800 because they're at war with gold. But the other central 65 00:03:17.840 --> 00:03:22.759 banks don't want the risk of exposure to the dollar 66 00:03:23.000 --> 00:03:26.000 as a fiat currency, so that's why they're accumulating it, 67 00:03:26.039 --> 00:03:28.439 even to the extent that the People's Bank of China, 68 00:03:28.479 --> 00:03:31.919 their central bank had lied and said they stopped buying 69 00:03:31.919 --> 00:03:32.680 gold in May. 70 00:03:33.199 --> 00:03:34.080 And then they said, but. 71 00:03:34.039 --> 00:03:37.240 We've got the export tickets that they have to when 72 00:03:37.280 --> 00:03:40.479 they export it from London. They got to file these reports, 73 00:03:40.560 --> 00:03:43.319 and so we've got the receipts here for how they 74 00:03:43.479 --> 00:03:46.719 were buying significant amounts. Bought fifty three tons just from 75 00:03:46.759 --> 00:03:49.759 that one source in May. So it goes on, and 76 00:03:49.800 --> 00:03:55.560 there's a lot of deception and lies and concealment with 77 00:03:55.639 --> 00:03:59.400 all this stuff, but it's pretty clear the central banks 78 00:03:59.520 --> 00:04:01.639 understand what going on. They're worried about their exposure to 79 00:04:01.680 --> 00:04:03.439 fiat currency. I think we ought to be worried about 80 00:04:03.479 --> 00:04:05.400 our exposure to the dollar as well. 81 00:04:07.240 --> 00:04:09.680 Yeah, you always look to see what the elites are doing. 82 00:04:09.759 --> 00:04:11.599 I don't like that term. You need to stop using 83 00:04:11.599 --> 00:04:13.719 the term e leads. Look to see what the parasite 84 00:04:13.759 --> 00:04:17.079 bankster class is doing, and then you'll you can see 85 00:04:17.079 --> 00:04:19.519 where the trend, where the trend is going with their 86 00:04:19.560 --> 00:04:21.279 own experience. They don't believe in their own mind, they 87 00:04:21.319 --> 00:04:24.959 don't hoard their own cash, their own systems. That article 88 00:04:25.040 --> 00:04:29.040 from the Mesa's Institute did mention something completely ironic though. 89 00:04:29.079 --> 00:04:31.560 You know, the Federal Reserve, and of course the United 90 00:04:31.600 --> 00:04:33.600 States itself was not buying gold. It's not in that 91 00:04:33.680 --> 00:04:37.279 buyer anymore. It hasn't been for decades since the nineteen fifties, 92 00:04:37.560 --> 00:04:40.839 so really before the end of World War two. And 93 00:04:40.879 --> 00:04:44.040 the reason that they can't is because they are at 94 00:04:44.079 --> 00:04:47.000 war with gold, especially since Sir Richard Nick took us 95 00:04:47.000 --> 00:04:50.399 off the gold standard of nineteen seventy one. The Federal 96 00:04:50.399 --> 00:04:54.600 Reserve is at war or with gold because if it 97 00:04:54.639 --> 00:04:58.759 buys gold, it increases the value of gold by eating 98 00:04:58.879 --> 00:05:01.839 up the supply. So when the gold price goes up, 99 00:05:01.920 --> 00:05:04.000 you see the dollar is weakened. So they're in quite 100 00:05:04.040 --> 00:05:08.199 a predicament. Imagine the irony. And the article also mentioned 101 00:05:08.199 --> 00:05:11.759 that the Federal Reserve buys debt advised the US treasuries, 102 00:05:11.800 --> 00:05:15.199 and so if you look at the other central banks 103 00:05:15.199 --> 00:05:17.079 around the world, they are buying gold. And the reason 104 00:05:17.120 --> 00:05:18.839 they are they don't believe in their own systems, and 105 00:05:18.879 --> 00:05:22.800 they certainly see that a well, to quote Jamie demon 106 00:05:22.839 --> 00:05:25.480 an economic superstorm is coming. And I think that has 107 00:05:25.519 --> 00:05:28.839 to do with the amount of debt worldwide and the 108 00:05:28.879 --> 00:05:31.800 loss of purchasing power and currencies and the increase in 109 00:05:31.879 --> 00:05:36.120 the currency supply and the money supply. There's an article 110 00:05:36.160 --> 00:05:39.120 out today that the global debt has surpassed three hundred 111 00:05:39.120 --> 00:05:44.079 and fifty trillion, which is basically almost all if you 112 00:05:44.120 --> 00:05:46.279 look at some estimates think that say that there's like 113 00:05:46.360 --> 00:05:50.120 four hundred, four hundred and fifty trillion and actual assets 114 00:05:50.199 --> 00:05:54.040 and value across the world. Some estimates are like a 115 00:05:54.040 --> 00:05:57.199 total of a quadrillion. I don't know, but I think 116 00:05:57.199 --> 00:05:59.560 a lot of that is fake. And so if you 117 00:05:59.639 --> 00:06:01.920 look at I think we're just a wash in debt. 118 00:06:01.959 --> 00:06:04.279 There's just no way that if you look you look 119 00:06:04.319 --> 00:06:06.959 at all these and this is something that Michael Saylor 120 00:06:07.000 --> 00:06:08.800 put up on the board when he's doing his presentation 121 00:06:09.279 --> 00:06:12.000 at the Bitcoin conference in Nashville, is sewing all of 122 00:06:12.040 --> 00:06:16.040 the different categories of where wealth is held in around 123 00:06:16.079 --> 00:06:18.240 the world, whether it's stocks or bonds or sovereign wealth 124 00:06:18.279 --> 00:06:23.319 funds or treasuries, and it's hundreds of trillions. I'm really wondering. 125 00:06:23.399 --> 00:06:25.519 And of course gold and bitcoin we're this tiny little 126 00:06:25.560 --> 00:06:28.120 corner up on the top left hand side of the chart. 127 00:06:28.319 --> 00:06:31.480 And so I'm starting to think that so much of it, 128 00:06:31.560 --> 00:06:34.439 even the markets are fake, and we really are headed 129 00:06:34.480 --> 00:06:37.680 for a chaotic revaluation data. 130 00:06:37.920 --> 00:06:40.279 Oh yeah, yeah, you know, ten percent of that it's 131 00:06:40.319 --> 00:06:41.920 just the US government loan, and then of course you 132 00:06:41.920 --> 00:06:45.600 got the US businesses and consumers and so forth. 133 00:06:45.800 --> 00:06:46.120 It is. 134 00:06:47.040 --> 00:06:49.360 I guess maybe you know, they can talk to Larry Finking, 135 00:06:49.360 --> 00:06:51.360 maybe he can save us all with some derivatives and 136 00:06:51.399 --> 00:06:53.800 we can keep kicking the can down the road indefinitely. 137 00:06:53.879 --> 00:06:56.720 But I don't think that's going to happen as people. 138 00:06:56.759 --> 00:06:59.199 You mentioned bitcoin, and of course you're talking about setting 139 00:06:59.279 --> 00:07:02.879 up bitcoin eight. I thought this is interesting, the fact 140 00:07:02.959 --> 00:07:07.160 that we talk about power usage, and this came from 141 00:07:07.160 --> 00:07:11.120 coin Telegraph. They said AI may already be using more 142 00:07:11.160 --> 00:07:15.360 power than bitcoin, and it is actually a threat to 143 00:07:15.600 --> 00:07:20.199 bitcoin money because they are going to be bidding for 144 00:07:20.439 --> 00:07:25.319 power and because they can make more money per kilowatt 145 00:07:25.399 --> 00:07:27.839 that they use. AI can with the services that it 146 00:07:27.959 --> 00:07:30.040 charges for, they can make more money than the bitcoin 147 00:07:30.079 --> 00:07:34.480 people can use can using it using electricity for mining. 148 00:07:34.920 --> 00:07:38.160 It's a bigger issue for all of us, really, because 149 00:07:38.319 --> 00:07:42.920 when you look at how incredibly massive artificial intelligence is 150 00:07:42.920 --> 00:07:46.040 in terms of it's being power hungry, it's going to 151 00:07:46.680 --> 00:07:49.839 make electricity unaffordable for us. And just talking about how 152 00:07:49.839 --> 00:07:53.920 They got a record auction in the area around Maryland, 153 00:07:53.959 --> 00:07:56.319 because again they want to put AI close to the 154 00:07:56.360 --> 00:07:58.319 people who are going to be using it, that's our 155 00:07:58.399 --> 00:08:02.360 government for the most part, And so a big auction there. 156 00:08:02.399 --> 00:08:05.920 And even though they had an incredible had a seven 157 00:08:06.000 --> 00:08:09.160 hundred percent increase in price, they still didn't have enough 158 00:08:09.199 --> 00:08:12.079 electricity to go around. And so what does that say 159 00:08:12.240 --> 00:08:14.279 not just for bitcoin mining, but what does it say 160 00:08:14.319 --> 00:08:17.879 for us? But it truly is amazing to see this, 161 00:08:18.040 --> 00:08:20.959 considering the fact that it was just March of twenty 162 00:08:21.040 --> 00:08:26.240 twenty two that the Biden administration was attacking bitcoin and 163 00:08:26.360 --> 00:08:31.519 all crypto saying that the mining process was using too 164 00:08:31.560 --> 00:08:33.679 much electricity. They just look the other way, don't they, 165 00:08:33.759 --> 00:08:35.960 When it comes to something that's going to be used 166 00:08:36.120 --> 00:08:42.399 for propaganda, surveillance and biometric identification, they don't care what 167 00:08:42.440 --> 00:08:42.919 it costs. 168 00:08:42.960 --> 00:08:44.879 Well, that's what I've always said. I always thought that 169 00:08:44.960 --> 00:08:47.720 was a ruse. They attacked bitcoin for energy uses or 170 00:08:47.759 --> 00:08:52.159 cryptocurrency in general for energy usage, but they wouldn't attack 171 00:08:52.200 --> 00:08:55.960 something else like AI. And let's be rational about the 172 00:08:55.960 --> 00:08:59.080 whole argument. You look at the amount of energy usage 173 00:08:59.120 --> 00:09:03.720 that just regular just add up all the branch locations 174 00:09:03.799 --> 00:09:07.919 the offices, and it dwarfs bitcoin by leaps and bounds. 175 00:09:07.960 --> 00:09:12.960 So it really is just it's a false metric to 176 00:09:13.159 --> 00:09:16.360 use how much energy is used on bitcoin and cryptocurrency. 177 00:09:16.600 --> 00:09:18.639 And you're right. I mean something like AI, which is 178 00:09:18.679 --> 00:09:22.440 going to be approved by the establishment or the ruling class, 179 00:09:22.679 --> 00:09:25.120 will never ever be talked about. So this is all fake. 180 00:09:25.200 --> 00:09:29.960 I mean the power uses I think to add up, 181 00:09:30.080 --> 00:09:32.759 wasn't it like, and I've read this before, I could 182 00:09:32.759 --> 00:09:35.480 be wrong. I think all of the bitcoin mining all 183 00:09:35.519 --> 00:09:39.399 over the world equals somewhere around the usage of the 184 00:09:39.399 --> 00:09:42.360 country of Poland. I think, like everything if you add 185 00:09:42.720 --> 00:09:45.399 all of it up, and maybe not even that, but 186 00:09:45.519 --> 00:09:48.480 if you add up all the actual banks and businesses 187 00:09:48.519 --> 00:09:52.600 and associated with the banking industry, it's like ten times that. 188 00:09:52.759 --> 00:09:55.679 So I don't think that's in the actual ballot argument 189 00:09:55.720 --> 00:09:57.440 on the energy usage. 190 00:09:57.679 --> 00:10:01.039 Yeah, it's especially when you look at artificial intelligence. They 191 00:10:01.039 --> 00:10:04.679 were saying that it reached rough parody last year, they believe. 192 00:10:04.679 --> 00:10:06.639 They said it's a little bit hard to measure the 193 00:10:06.639 --> 00:10:11.279 AI stuff because it's also used for other things. But 194 00:10:11.360 --> 00:10:15.240 they said, if you calculate out as MIT did, how 195 00:10:15.360 --> 00:10:20.159 much energy uses for AI to generate an image. It's 196 00:10:20.240 --> 00:10:23.639 as much as fully charging your smartphone, So that's pretty 197 00:10:23.679 --> 00:10:26.000 each one of the images that it generates. It's like 198 00:10:26.159 --> 00:10:29.960 charging a smartphone. It's very intent energy intensive. And they 199 00:10:30.000 --> 00:10:35.080 said in terms of tarrawatt hours that they expect in 200 00:10:35.120 --> 00:10:37.720 twenty twenty four, it's going to use one hundred and 201 00:10:37.720 --> 00:10:42.159 sixty nine tarrawatt hours, whereas bitcoin mining is using one 202 00:10:42.200 --> 00:10:45.639 hundred and twenty five. So it's already significantly more. They 203 00:10:45.679 --> 00:10:50.399 think by twenty twenty seven it'll be fifty percent more, 204 00:10:50.519 --> 00:10:52.960 be two hundred and forty tarrawat hours versus one hundred 205 00:10:52.960 --> 00:10:56.919 and sixty tarewat hours for mining. So it is amazing. 206 00:10:57.080 --> 00:10:58.639 And you know, when I look at it, it's not 207 00:10:58.720 --> 00:11:03.039 just about a bit coin and it's viability. Because they 208 00:11:03.039 --> 00:11:05.320 said there's this competition between them, they're going to be 209 00:11:05.360 --> 00:11:07.279 able to pay more for it. But I thought, well, 210 00:11:07.279 --> 00:11:09.559 what about us. You know, what's it going to take 211 00:11:09.600 --> 00:11:12.519 to turn on the lights and have air conditioning. If 212 00:11:12.519 --> 00:11:15.200 the bitcoin miners can't make a profit off of this stuff, 213 00:11:15.200 --> 00:11:18.080 that is equivalent to the AI. If the AI has 214 00:11:18.080 --> 00:11:22.440 got so much power requirement and it's making so much 215 00:11:22.480 --> 00:11:24.360 money that it really doesn't care and these people have 216 00:11:24.440 --> 00:11:28.240 deep pockets. They're going to do it whatever they're tied 217 00:11:28.240 --> 00:11:29.559 with the government, they're going to do it with whatever. 218 00:11:29.600 --> 00:11:32.320 What does that say for the power rates for the 219 00:11:32.399 --> 00:11:34.879 rest of us and what that's going to do to inflation. 220 00:11:35.039 --> 00:11:38.000 I mean, it's just incredible to look at the near 221 00:11:38.120 --> 00:11:42.080 term effects of all this stuff, isn't it. Well? 222 00:11:42.120 --> 00:11:45.000 Absolutely, and they're doing nothing to support the grid. It's 223 00:11:45.080 --> 00:11:49.200 Thomas Massey pointed out interviewing Pete butteraj Edge. This is 224 00:11:50.399 --> 00:11:52.360 adding an electric car to a house is like twenty 225 00:11:52.399 --> 00:11:55.679 five refrigerators. Yeah, as you've covered before. Yeah, and so 226 00:11:55.840 --> 00:11:58.039 every house is going to add to twenty where's the 227 00:11:58.080 --> 00:12:00.600 grid that you're building to support that. The answer is 228 00:12:00.600 --> 00:12:03.320 they're not. They're not building a grid to support. 229 00:12:02.960 --> 00:12:07.159 Any of this, right excuse yeah, you right now, that's right. 230 00:12:07.200 --> 00:12:08.840 The AI people are going to build their own grid. 231 00:12:09.080 --> 00:12:11.480 And you're talking about being twenty five refrigerators and that 232 00:12:11.480 --> 00:12:14.879 type of thing to charge your car. They're saying that 233 00:12:14.919 --> 00:12:17.799 the AI uses seventeen to twenty five times more electricity 234 00:12:17.840 --> 00:12:20.000 than the bitcoin miners do, and they were trying to 235 00:12:20.000 --> 00:12:23.480 make that a selling point to ban crypto, not you know, 236 00:12:23.799 --> 00:12:25.840 less than about well two years ago. 237 00:12:26.639 --> 00:12:27.279 It's amazing. 238 00:12:28.120 --> 00:12:30.200 It's about the time that Elon Musk came out and 239 00:12:30.279 --> 00:12:32.879 said he wasn't going to he was dumping his Bitcoin holdings. 240 00:12:32.919 --> 00:12:34.639 Is they're not going to use bitcoin because of the 241 00:12:34.759 --> 00:12:38.200 energy usage that was swirling around bitcoin around that time. 242 00:12:38.240 --> 00:12:40.840 Now that narrative is, let's reshift it, and I think 243 00:12:40.840 --> 00:12:42.759 they'll bring it back up and try to hide the 244 00:12:42.759 --> 00:12:46.559 fact that that AI is now trained graining the grid 245 00:12:46.600 --> 00:12:48.080 more than more than crypto. 246 00:12:48.320 --> 00:12:51.879 Yeah, yeah, but what the reason that coin Telegraph was 247 00:12:51.960 --> 00:12:54.559 using it was because they said, well, it's a real threat. 248 00:12:55.120 --> 00:12:59.039 Nobody talks about how are we going to live where 249 00:12:59.080 --> 00:13:01.519 they take you'll own nothing and all, but by the way, 250 00:13:01.600 --> 00:13:06.000 you'll have no electricity either. That's going to be the 251 00:13:06.080 --> 00:13:08.279 future there because they're going to be pouring it all 252 00:13:08.279 --> 00:13:10.120 into AI and these other things. 253 00:13:10.120 --> 00:13:11.279 You're not gonna be able to afford it. 254 00:13:12.200 --> 00:13:17.120 They may go in and set up their own personal, 255 00:13:17.679 --> 00:13:20.919 private nuclear power plants, but you're not going to be 256 00:13:20.919 --> 00:13:23.000 able to tap into that most likely. They said, they 257 00:13:23.039 --> 00:13:26.960 don't even have they're always one hundred percent uptime, whereas 258 00:13:26.960 --> 00:13:30.039 with bitcoin, they said, the one advantage that bitcoin has 259 00:13:30.360 --> 00:13:34.120 on the grid is that it's they can essentially slow 260 00:13:34.159 --> 00:13:37.120 it down or turn it off depending on the grid, 261 00:13:37.120 --> 00:13:39.879 and so they can take advantage of lower power rates 262 00:13:39.879 --> 00:13:42.480 and discounts if they're using it off peak hours. But 263 00:13:42.519 --> 00:13:46.159 with AI, it's always on peak. It's always doing this stuff. 264 00:13:46.279 --> 00:13:48.200 So that's one of the reasons why they're looking at 265 00:13:48.240 --> 00:13:50.600 these other things. But yeah, when we look at the future, 266 00:13:52.000 --> 00:13:52.960 that is the key thing. 267 00:13:53.039 --> 00:13:53.279 It's not. 268 00:13:53.639 --> 00:13:55.639 You know, this is the reason I bring this up 269 00:13:55.720 --> 00:13:59.960 is because it is both inflation that is going to 270 00:14:00.159 --> 00:14:03.840 be happening to us, and it is also the move 271 00:14:03.919 --> 00:14:07.919 towards central bank digital currencies and surveillance and all the 272 00:14:07.960 --> 00:14:09.679 rest of stuff. Because I think that really is the 273 00:14:09.759 --> 00:14:13.039 killer app of AI. I think that's why it was 274 00:14:13.120 --> 00:14:17.200 designed by the government. Let me ask you this because 275 00:14:17.240 --> 00:14:19.200 a lot of people and I got a very lengthy 276 00:14:20.000 --> 00:14:22.000 article that I haven't gone through all of it yet 277 00:14:22.039 --> 00:14:25.519 from a listener talking about yet again, we've heard this 278 00:14:25.840 --> 00:14:31.159 in the past, that the government is behind you know, 279 00:14:31.159 --> 00:14:34.159 we have this Satoshi guy supposedly we don't know who 280 00:14:34.200 --> 00:14:35.639 he is, but they said, well, we think it's the 281 00:14:35.679 --> 00:14:37.600 government that did that, and we think that they're using 282 00:14:37.679 --> 00:14:43.159 this to as kind of a gateway into central bank 283 00:14:43.240 --> 00:14:46.679 digital currency. That's always been my concern. That and the 284 00:14:46.720 --> 00:14:51.440 fact that it's not really anonymous, and so, you know, 285 00:14:51.480 --> 00:14:52.720 a lot of people have brought this up for a 286 00:14:52.799 --> 00:14:54.960 very long time. I think Katherine Austin Fitz talked about 287 00:14:54.960 --> 00:14:56.279 it six years ago. 288 00:14:56.879 --> 00:14:58.559 But what was your take on that. 289 00:15:01.399 --> 00:15:04.000 It was an article out? Recently someone's done a Foyer 290 00:15:04.080 --> 00:15:07.480 request to both the FBI and the CIA to find 291 00:15:07.480 --> 00:15:10.320 out what they know about Satoshi Nakamoto. Who was it? 292 00:15:10.399 --> 00:15:13.679 Was it a group of people, was it an individual? Look, 293 00:15:13.720 --> 00:15:16.000 I've been studying this for years, going back to twenty 294 00:15:16.039 --> 00:15:19.440 sixteen when I wanted to get into the bitcoin space, 295 00:15:19.720 --> 00:15:22.000 and I've read books on it, I've looked at I've 296 00:15:22.000 --> 00:15:26.279 read articles of research over time. I do not know, however, 297 00:15:26.519 --> 00:15:29.879 those who believe that it's some kind of ruse created 298 00:15:29.919 --> 00:15:33.039 by the Central Intelligence Agency to get people sucked into 299 00:15:33.600 --> 00:15:37.720 a new CBDC grid. I think that if that was 300 00:15:37.759 --> 00:15:40.840 the case, then they failed miserably because what it has 301 00:15:40.919 --> 00:15:44.279 done is it's taken a younger generation of people and 302 00:15:44.559 --> 00:15:47.759 turn them on to arguments against fiat currency and central 303 00:15:47.759 --> 00:15:52.159 planning and central banking. It's created an entire subculture of 304 00:15:52.279 --> 00:15:56.320 younger people that no longer are going to be look 305 00:15:56.360 --> 00:15:59.360 at the world the way that the educational system would 306 00:15:59.399 --> 00:16:00.919 like them to look at the world, you know, like 307 00:16:00.960 --> 00:16:04.639 the Rockefeller educational system of obedient workers. I think there's 308 00:16:04.679 --> 00:16:10.279 a lot of the shift and consciousness from this last 309 00:16:10.320 --> 00:16:12.679 generation of looking at bitcoins. One of the reasons that 310 00:16:12.840 --> 00:16:15.279 and I've talked about this before, that the Pentagon ran 311 00:16:15.360 --> 00:16:18.399 a war simulation three years ago or four years ago 312 00:16:19.440 --> 00:16:22.720 for in the scenario of a gen Z bitcoin revolt 313 00:16:22.720 --> 00:16:26.080 where gen Z stops using the dollar on purpose as 314 00:16:26.120 --> 00:16:29.000 a protest because of inflation or or you know, a 315 00:16:29.039 --> 00:16:33.080 loss of purchasing power or not being having the perception 316 00:16:33.159 --> 00:16:35.879 of not being able to afford the same things as 317 00:16:35.960 --> 00:16:39.159 their parents and grandparents did, and thinking that was a 318 00:16:39.200 --> 00:16:42.399 war game. So they know that there's there's something with it. 319 00:16:43.399 --> 00:16:45.919 If you look at the consequences of introducing it, then 320 00:16:45.919 --> 00:16:47.840 it certainly blew up in their face. I don't know 321 00:16:47.879 --> 00:16:51.559 that nobody knows the answer. I'm certainly not an evangelist 322 00:16:51.639 --> 00:16:54.559 for bitcoin per se. But what I do think that 323 00:16:54.679 --> 00:16:57.879 is that the idea of it is what's the most 324 00:16:57.919 --> 00:17:00.559 powerful thing. It's like Victor Hugo said, the one thing 325 00:17:00.639 --> 00:17:02.679 more powerful than all the armies on the earth. It's 326 00:17:02.720 --> 00:17:05.119 an idea whose time has come. Well, perhaps a bitcoin 327 00:17:05.519 --> 00:17:08.400 is just an idea whose time has come. And then 328 00:17:08.759 --> 00:17:11.920 the reason that I first and foremost, you know, I'm 329 00:17:11.960 --> 00:17:14.279 a precious metals guy. I like gold. I want to 330 00:17:14.279 --> 00:17:16.920 hold it in my hand. Gold and silver do something 331 00:17:16.920 --> 00:17:19.759 that bitcoin can never do, and that's existing in the 332 00:17:19.799 --> 00:17:24.759 third dimension that exists in the material world. Now you 333 00:17:24.799 --> 00:17:27.960 can argue Robert Kiyosaki calls gold and silver God's money 334 00:17:28.000 --> 00:17:30.160 because it's put here by God. It's going to be 335 00:17:30.200 --> 00:17:32.799 here long after you know, we're gone. It's gonna it's 336 00:17:32.839 --> 00:17:35.519 gonna survive that. And it's an element in the earth, 337 00:17:35.559 --> 00:17:37.839 and it's finite. You know, you can only get so 338 00:17:37.960 --> 00:17:40.039 much gold or silver, but you can. We don't know 339 00:17:40.039 --> 00:17:43.039 how much gold and silver there actually is geologically it 340 00:17:43.119 --> 00:17:45.640 could be. And there's in you know, in outer space, 341 00:17:45.680 --> 00:17:48.279 supposedly there's like asteroids with gold. So we don't know. 342 00:17:48.279 --> 00:17:50.960 It's it's it's more than what you know, what we've 343 00:17:50.960 --> 00:17:55.200 already mined. But bitcoin's finite. So it's a really interesting 344 00:17:55.279 --> 00:17:59.039 system and I think it teaches people, Okay, well, this 345 00:17:59.160 --> 00:18:00.839 is what money should look look like. It should be 346 00:18:00.880 --> 00:18:05.920 scarce right. It should be divisible, it should be easily transferable, 347 00:18:07.119 --> 00:18:09.839 and again should should hold a store value, shouldn't be 348 00:18:09.880 --> 00:18:12.720 able to take like we do now with modern governments, 349 00:18:12.720 --> 00:18:14.759 and they just inflate their way out of an issue 350 00:18:14.759 --> 00:18:19.680 which destroys the middle class. It destroys people on fixed income, 351 00:18:19.759 --> 00:18:24.160 It destroys those who can't get upward mobility fast enough 352 00:18:24.160 --> 00:18:26.200 to outpace inflation. And we've seen that on our own. 353 00:18:26.279 --> 00:18:30.119 That's what our society is coming apart, you know, with 354 00:18:30.279 --> 00:18:32.400 policies such as that, and then of course free trade 355 00:18:32.440 --> 00:18:36.200 and other things. But I really do believe that bitcoin 356 00:18:36.920 --> 00:18:40.920 is a force for good at this point, and the 357 00:18:41.000 --> 00:18:42.640 jury is still out. Again, I don't we don't know 358 00:18:42.680 --> 00:18:45.279 who the founder is. And I always add on my 359 00:18:45.359 --> 00:18:48.880 show when I talk about this, we're in alternative media. 360 00:18:49.319 --> 00:18:51.799 We look at the world a little bit differently, a 361 00:18:51.839 --> 00:18:55.319 lot differently than the normal person or somebody who consumes 362 00:18:55.559 --> 00:18:58.960 mass media. But I do think we can get caught 363 00:18:59.039 --> 00:19:01.920 up in the fact that we don't have any wins 364 00:19:01.920 --> 00:19:03.880 with Sometimes we have a win. Sometimes this could be 365 00:19:03.920 --> 00:19:07.640 an anonymous cryptographer, it could have been somebody whose passion 366 00:19:07.720 --> 00:19:10.160 this was that would be the only way that bitcoin 367 00:19:10.200 --> 00:19:11.799 could exist The way it is is the way it 368 00:19:11.880 --> 00:19:15.160 was adopted, the way it was put put into motion. 369 00:19:15.319 --> 00:19:19.039 That's my opinion, David. You know, you look at the 370 00:19:19.720 --> 00:19:22.240 decentralization of it. That it's not owned by a company, 371 00:19:22.279 --> 00:19:25.079 it's not owned by a country. Every other crypto tracks 372 00:19:25.119 --> 00:19:28.319 back to someone. That's just the way it is. It 373 00:19:28.799 --> 00:19:31.400 tracks back to a group of investors, it tracks back 374 00:19:31.440 --> 00:19:34.680 to a person. Bitcoin does not, And I think that's 375 00:19:34.680 --> 00:19:37.480 the only way you could truly have something this revolutionary. 376 00:19:37.519 --> 00:19:40.799 And whoever, whatever Satoshi Nakamoto was, understood that. 377 00:19:41.440 --> 00:19:43.480 Yeah, I kind of look at it like I look 378 00:19:43.519 --> 00:19:47.880 at the Internet. You know, the Internet was an idea 379 00:19:48.000 --> 00:19:50.759 from a darker psychologist in the nineteen sixties. And then, 380 00:19:51.000 --> 00:19:53.400 as I said many times, as it started to get practical, 381 00:19:53.880 --> 00:19:57.960 they started all these venture capital firms went public with it, 382 00:19:58.720 --> 00:20:00.759 social media firms and things like that, and that was 383 00:20:00.799 --> 00:20:03.759 a way that they started to get ownership of this 384 00:20:03.839 --> 00:20:07.640 thing that was out there. But there's this constant back 385 00:20:07.680 --> 00:20:09.960 and forth that is happening. So we went through a 386 00:20:10.000 --> 00:20:12.799 period of extreme free speech and all the rest of 387 00:20:12.839 --> 00:20:15.279 this stuff, and it looked like their plans had backfired 388 00:20:15.319 --> 00:20:17.359 on them. But then they start to pull it in 389 00:20:18.279 --> 00:20:21.440 using these same companies that they had backed and put 390 00:20:21.480 --> 00:20:24.119 into operation to compete against each other. But now there's 391 00:20:24.160 --> 00:20:27.720 a pushback against that. I talked yesterday there was an 392 00:20:27.839 --> 00:20:32.279 extensive article on Reason talking about a new platform called 393 00:20:32.319 --> 00:20:36.839 Noster and Noster will you know if people want to 394 00:20:36.960 --> 00:20:39.279 use that for free speech, they've got complete control over 395 00:20:39.319 --> 00:20:44.000 it anonymity at the moment apparently. But it also you 396 00:20:44.039 --> 00:20:47.160 can exchange and pay people using bitcoin, so it kind 397 00:20:47.160 --> 00:20:50.920 of ties into that Bitcoin thing, and who knows, you know, 398 00:20:51.039 --> 00:20:54.079 maybe Noster was something it had some of the same 399 00:20:54.119 --> 00:20:59.640 developers from Bitcoin, But a lot of these things are 400 00:20:59.680 --> 00:21:03.720 open and you can look at them, and regardless of 401 00:21:03.799 --> 00:21:05.920