Speaker 1: And joining us now is Tony Ardaban. He has Wise
Speaker 1: Wolf Gold and Tony and I go back a long way,
Speaker 1: and Tony has set up Davidknight dot Gold. That'll take
Speaker 1: you to Wisewolf, a great place to get yourself some
Speaker 1: wealth protection. As I was talking about yesterday, people always
Speaker 1: talk about the price of gold, but he said, but
Speaker 1: there was an article and Tony has talked about this
Speaker 1: in the past as well, where this one individual went
Speaker 1: back and looked at the price of a whole bunch
Speaker 1: of different things, from how much does a ski lift
Speaker 1: ticket cost to how much a beer cost at the
Speaker 1: Octoberfest and Munich price these things in.
Speaker 2: Gold, and he says this is the key.
Speaker 1: You look at the price in gold of something instead
Speaker 1: of the price of gold compared to a currency, because
Speaker 1: it's all over the place with various currencies. But again,
Speaker 1: if you want to protect your wealth and a store value,
Speaker 1: and if you want to protect your privacy, you can
Speaker 1: get gold and silver at Wisewolf Gold.
Speaker 2: You can go David Knight dot Gold. I'll take you there.
Speaker 1: And also Tony has the wolf Pack which allows you
Speaker 1: to gradually accumulate. You pick the amount that you want
Speaker 1: to set aside each month, and you can get a
Speaker 1: group discount by being a part of wolf Pack. Thank
Speaker 1: you for joining us, Tony. Is always good to have
Speaker 1: you on.
Speaker 3: It's good to see you there. Thanks for having me.
Speaker 3: I'm broadcasting from Los Angeles today. I'm actually on the road. Really,
Speaker 3: I was out recording it. Yeah, I'm supposed to be
Speaker 3: recording a podcast, so I'm out here on business and
Speaker 3: I didn't want to miss the show though. And you're
Speaker 3: absolutely right. Gold over time just keeps its value and
Speaker 3: a lot of people mistake that, and there is times
Speaker 3: when it's a great investment, if you want to call
Speaker 3: it that, but really what it is is a store
Speaker 3: of value. Gold is actually money. And if you look
Speaker 3: at there's a meme that's really popular right now. It
Speaker 3: says it has ten ounce gold bar. It's like ten
Speaker 3: of these would buy a standard family home in nineteen
Speaker 3: twenty and it's like, at fast forward one hundred years,
Speaker 3: ten of the eighties will buy a standard home in
Speaker 3: twenty twenty four. And I think that just makes people think, like, well,
Speaker 3: what's the deal here? What happened? Well, what happened was
Speaker 3: the separation of value between your currency and the money,
Speaker 3: which are two different things now, I mean they can
Speaker 3: be the same thing. But right now across the world,
Speaker 3: we have fiat currency that's again means by a decree.
Speaker 3: So this is a fake currency set up by government
Speaker 3: so they can expand the money supply to pay for
Speaker 3: their mistakes and their corruption, and we the people are
Speaker 3: left holding the bag. And that's why it's It's something
Speaker 3: that I talk about all the time, understanding there's been
Speaker 3: currency and money, and that money has intrinsic value and
Speaker 3: stores of value.
Speaker 1: Yeah, and yesterday I talked about how there was an
Speaker 1: excellent article from I think it's a Mesa's Institute talking
Speaker 1: about the fact that the Fall Reserve doesn't own any gold.
Speaker 2: They've got some gold.
Speaker 1: Celnificates, right, but they don't get it, and said, and
Speaker 1: why would they, because you know, as you said so
Speaker 1: many times, they're essentially at war with gold. They're trying
Speaker 1: to increase the value of the thing that they control.
Speaker 1: And so they're unique amongst all of the central banks
Speaker 1: because they're at war with gold. But the other central
Speaker 1: banks don't want the risk of exposure to the dollar
Speaker 1: as a fiat currency, so that's why they're accumulating it,
Speaker 1: even to the extent that the People's Bank of China,
Speaker 1: their central bank had lied and said they stopped buying
Speaker 1: gold in May.
Speaker 2: And then they said, but.
Speaker 1: We've got the export tickets that they have to when
Speaker 1: they export it from London. They got to file these reports,
Speaker 1: and so we've got the receipts here for how they
Speaker 1: were buying significant amounts. Bought fifty three tons just from
Speaker 1: that one source in May. So it goes on, and
Speaker 1: there's a lot of deception and lies and concealment with
Speaker 1: all this stuff, but it's pretty clear the central banks
Speaker 1: understand what going on. They're worried about their exposure to
Speaker 1: fiat currency. I think we ought to be worried about
Speaker 1: our exposure to the dollar as well.
Speaker 3: Yeah, you always look to see what the elites are doing.
Speaker 3: I don't like that term. You need to stop using
Speaker 3: the term e leads. Look to see what the parasite
Speaker 3: bankster class is doing, and then you'll you can see
Speaker 3: where the trend, where the trend is going with their
Speaker 3: own experience. They don't believe in their own mind, they
Speaker 3: don't hoard their own cash, their own systems. That article
Speaker 3: from the Mesa's Institute did mention something completely ironic though.
Speaker 3: You know, the Federal Reserve, and of course the United
Speaker 3: States itself was not buying gold. It's not in that
Speaker 3: buyer anymore. It hasn't been for decades since the nineteen fifties,
Speaker 3: so really before the end of World War two. And
Speaker 3: the reason that they can't is because they are at
Speaker 3: war with gold, especially since Sir Richard Nick took us
Speaker 3: off the gold standard of nineteen seventy one. The Federal
Speaker 3: Reserve is at war or with gold because if it
Speaker 3: buys gold, it increases the value of gold by eating
Speaker 3: up the supply. So when the gold price goes up,
Speaker 3: you see the dollar is weakened. So they're in quite
Speaker 3: a predicament. Imagine the irony. And the article also mentioned
Speaker 3: that the Federal Reserve buys debt advised the US treasuries,
Speaker 3: and so if you look at the other central banks
Speaker 3: around the world, they are buying gold. And the reason
Speaker 3: they are they don't believe in their own systems, and
Speaker 3: they certainly see that a well, to quote Jamie demon
Speaker 3: an economic superstorm is coming. And I think that has
Speaker 3: to do with the amount of debt worldwide and the
Speaker 3: loss of purchasing power and currencies and the increase in
Speaker 3: the currency supply and the money supply. There's an article
Speaker 3: out today that the global debt has surpassed three hundred
Speaker 3: and fifty trillion, which is basically almost all if you
Speaker 3: look at some estimates think that say that there's like
Speaker 3: four hundred, four hundred and fifty trillion and actual assets
Speaker 3: and value across the world. Some estimates are like a
Speaker 3: total of a quadrillion. I don't know, but I think
Speaker 3: a lot of that is fake. And so if you
Speaker 3: look at I think we're just a wash in debt.
Speaker 3: There's just no way that if you look you look
Speaker 3: at all these and this is something that Michael Saylor
Speaker 3: put up on the board when he's doing his presentation
Speaker 3: at the Bitcoin conference in Nashville, is sewing all of
Speaker 3: the different categories of where wealth is held in around
Speaker 3: the world, whether it's stocks or bonds or sovereign wealth
Speaker 3: funds or treasuries, and it's hundreds of trillions. I'm really wondering.
Speaker 3: And of course gold and bitcoin we're this tiny little
Speaker 3: corner up on the top left hand side of the chart.
Speaker 3: And so I'm starting to think that so much of it,
Speaker 3: even the markets are fake, and we really are headed
Speaker 3: for a chaotic revaluation data.
Speaker 1: Oh yeah, yeah, you know, ten percent of that it's
Speaker 1: just the US government loan, and then of course you
Speaker 1: got the US businesses and consumers and so forth.
Speaker 2: It is.
Speaker 1: I guess maybe you know, they can talk to Larry Finking,
Speaker 1: maybe he can save us all with some derivatives and
Speaker 1: we can keep kicking the can down the road indefinitely.
Speaker 1: But I don't think that's going to happen as people.
Speaker 1: You mentioned bitcoin, and of course you're talking about setting
Speaker 1: up bitcoin eight. I thought this is interesting, the fact
Speaker 1: that we talk about power usage, and this came from
Speaker 1: coin Telegraph. They said AI may already be using more
Speaker 1: power than bitcoin, and it is actually a threat to
Speaker 1: bitcoin money because they are going to be bidding for
Speaker 1: power and because they can make more money per kilowatt
Speaker 1: that they use. AI can with the services that it
Speaker 1: charges for, they can make more money than the bitcoin
Speaker 1: people can use can using it using electricity for mining.
Speaker 1: It's a bigger issue for all of us, really, because
Speaker 1: when you look at how incredibly massive artificial intelligence is
Speaker 1: in terms of it's being power hungry, it's going to
Speaker 1: make electricity unaffordable for us. And just talking about how
Speaker 1: They got a record auction in the area around Maryland,
Speaker 1: because again they want to put AI close to the
Speaker 1: people who are going to be using it, that's our
Speaker 1: government for the most part, And so a big auction there.
Speaker 1: And even though they had an incredible had a seven
Speaker 1: hundred percent increase in price, they still didn't have enough
Speaker 1: electricity to go around. And so what does that say
Speaker 1: not just for bitcoin mining, but what does it say
Speaker 1: for us? But it truly is amazing to see this,
Speaker 1: considering the fact that it was just March of twenty
Speaker 1: twenty two that the Biden administration was attacking bitcoin and
Speaker 1: all crypto saying that the mining process was using too
Speaker 1: much electricity. They just look the other way, don't they,
Speaker 1: When it comes to something that's going to be used
Speaker 1: for propaganda, surveillance and biometric identification, they don't care what
Speaker 1: it costs.
Speaker 3: Well, that's what I've always said. I always thought that
Speaker 3: was a ruse. They attacked bitcoin for energy uses or
Speaker 3: cryptocurrency in general for energy usage, but they wouldn't attack
Speaker 3: something else like AI. And let's be rational about the
Speaker 3: whole argument. You look at the amount of energy usage
Speaker 3: that just regular just add up all the branch locations
Speaker 3: the offices, and it dwarfs bitcoin by leaps and bounds.
Speaker 3: So it really is just it's a false metric to
Speaker 3: use how much energy is used on bitcoin and cryptocurrency.
Speaker 3: And you're right. I mean something like AI, which is
Speaker 3: going to be approved by the establishment or the ruling class,
Speaker 3: will never ever be talked about. So this is all fake.
Speaker 3: I mean the power uses I think to add up,
Speaker 3: wasn't it like, and I've read this before, I could
Speaker 3: be wrong. I think all of the bitcoin mining all
Speaker 3: over the world equals somewhere around the usage of the
Speaker 3: country of Poland. I think, like everything if you add
Speaker 3: all of it up, and maybe not even that, but
Speaker 3: if you add up all the actual banks and businesses
Speaker 3: and associated with the banking industry, it's like ten times that.
Speaker 3: So I don't think that's in the actual ballot argument
Speaker 3: on the energy usage.
Speaker 1: Yeah, it's especially when you look at artificial intelligence. They
Speaker 1: were saying that it reached rough parody last year, they believe.
Speaker 1: They said it's a little bit hard to measure the
Speaker 1: AI stuff because it's also used for other things. But
Speaker 1: they said, if you calculate out as MIT did, how
Speaker 1: much energy uses for AI to generate an image. It's
Speaker 1: as much as fully charging your smartphone, So that's pretty
Speaker 1: each one of the images that it generates. It's like
Speaker 1: charging a smartphone. It's very intent energy intensive. And they
Speaker 1: said in terms of tarrawatt hours that they expect in
Speaker 1: twenty twenty four, it's going to use one hundred and
Speaker 1: sixty nine tarrawatt hours, whereas bitcoin mining is using one
Speaker 1: hundred and twenty five. So it's already significantly more. They
Speaker 1: think by twenty twenty seven it'll be fifty percent more,
Speaker 1: be two hundred and forty tarrawat hours versus one hundred
Speaker 1: and sixty tarewat hours for mining. So it is amazing.
Speaker 1: And you know, when I look at it, it's not
Speaker 1: just about a bit coin and it's viability. Because they
Speaker 1: said there's this competition between them, they're going to be
Speaker 1: able to pay more for it. But I thought, well,
Speaker 1: what about us. You know, what's it going to take
Speaker 1: to turn on the lights and have air conditioning. If
Speaker 1: the bitcoin miners can't make a profit off of this stuff,
Speaker 1: that is equivalent to the AI. If the AI has
Speaker 1: got so much power requirement and it's making so much
Speaker 1: money that it really doesn't care and these people have
Speaker 1: deep pockets. They're going to do it whatever they're tied
Speaker 1: with the government, they're going to do it with whatever.
Speaker 1: What does that say for the power rates for the
Speaker 1: rest of us and what that's going to do to inflation.
Speaker 1: I mean, it's just incredible to look at the near
Speaker 1: term effects of all this stuff, isn't it. Well?
Speaker 3: Absolutely, and they're doing nothing to support the grid. It's
Speaker 3: Thomas Massey pointed out interviewing Pete butteraj Edge. This is
Speaker 3: adding an electric car to a house is like twenty
Speaker 3: five refrigerators. Yeah, as you've covered before. Yeah, and so
Speaker 3: every house is going to add to twenty where's the
Speaker 3: grid that you're building to support that. The answer is
Speaker 3: they're not. They're not building a grid to support.
Speaker 1: Any of this, right excuse yeah, you right now, that's right.
Speaker 1: The AI people are going to build their own grid.
Speaker 1: And you're talking about being twenty five refrigerators and that
Speaker 1: type of thing to charge your car. They're saying that
Speaker 1: the AI uses seventeen to twenty five times more electricity
Speaker 1: than the bitcoin miners do, and they were trying to
Speaker 1: make that a selling point to ban crypto, not you know,
Speaker 1: less than about well two years ago.
Speaker 2: It's amazing.
Speaker 3: It's about the time that Elon Musk came out and
Speaker 3: said he wasn't going to he was dumping his Bitcoin holdings.
Speaker 3: Is they're not going to use bitcoin because of the
Speaker 3: energy usage that was swirling around bitcoin around that time.
Speaker 3: Now that narrative is, let's reshift it, and I think
Speaker 3: they'll bring it back up and try to hide the
Speaker 3: fact that that AI is now trained graining the grid
Speaker 3: more than more than crypto.
Speaker 1: Yeah, yeah, but what the reason that coin Telegraph was
Speaker 1: using it was because they said, well, it's a real threat.
Speaker 1: Nobody talks about how are we going to live where
Speaker 1: they take you'll own nothing and all, but by the way,
Speaker 1: you'll have no electricity either. That's going to be the
Speaker 1: future there because they're going to be pouring it all
Speaker 1: into AI and these other things.
Speaker 2: You're not gonna be able to afford it.
Speaker 1: They may go in and set up their own personal,
Speaker 1: private nuclear power plants, but you're not going to be
Speaker 1: able to tap into that most likely. They said, they
Speaker 1: don't even have they're always one hundred percent uptime, whereas
Speaker 1: with bitcoin, they said, the one advantage that bitcoin has
Speaker 1: on the grid is that it's they can essentially slow
Speaker 1: it down or turn it off depending on the grid,
Speaker 1: and so they can take advantage of lower power rates
Speaker 1: and discounts if they're using it off peak hours. But
Speaker 1: with AI, it's always on peak. It's always doing this stuff.
Speaker 1: So that's one of the reasons why they're looking at
Speaker 1: these other things. But yeah, when we look at the future,
Speaker 1: that is the key thing.
Speaker 2: It's not.
Speaker 1: You know, this is the reason I bring this up
Speaker 1: is because it is both inflation that is going to
Speaker 1: be happening to us, and it is also the move
Speaker 1: towards central bank digital currencies and surveillance and all the
Speaker 1: rest of stuff. Because I think that really is the
Speaker 1: killer app of AI. I think that's why it was
Speaker 1: designed by the government. Let me ask you this because
Speaker 1: a lot of people and I got a very lengthy
Speaker 1: article that I haven't gone through all of it yet
Speaker 1: from a listener talking about yet again, we've heard this
Speaker 1: in the past, that the government is behind you know,
Speaker 1: we have this Satoshi guy supposedly we don't know who
Speaker 1: he is, but they said, well, we think it's the
Speaker 1: government that did that, and we think that they're using
Speaker 1: this to as kind of a gateway into central bank
Speaker 1: digital currency. That's always been my concern. That and the
Speaker 1: fact that it's not really anonymous, and so, you know,
Speaker 1: a lot of people have brought this up for a
Speaker 1: very long time. I think Katherine Austin Fitz talked about
Speaker 1: it six years ago.
Speaker 2: But what was your take on that.
Speaker 3: It was an article out? Recently someone's done a Foyer
Speaker 3: request to both the FBI and the CIA to find
Speaker 3: out what they know about Satoshi Nakamoto. Who was it?
Speaker 3: Was it a group of people, was it an individual? Look,
Speaker 3: I've been studying this for years, going back to twenty
Speaker 3: sixteen when I wanted to get into the bitcoin space,
Speaker 3: and I've read books on it, I've looked at I've
Speaker 3: read articles of research over time. I do not know, however,
Speaker 3: those who believe that it's some kind of ruse created
Speaker 3: by the Central Intelligence Agency to get people sucked into
Speaker 3: a new CBDC grid. I think that if that was
Speaker 3: the case, then they failed miserably because what it has
Speaker 3: done is it's taken a younger generation of people and
Speaker 3: turn them on to arguments against fiat currency and central
Speaker 3: planning and central banking. It's created an entire subculture of
Speaker 3: younger people that no longer are going to be look
Speaker 3: at the world the way that the educational system would
Speaker 3: like them to look at the world, you know, like
Speaker 3: the Rockefeller educational system of obedient workers. I think there's
Speaker 3: a lot of the shift and consciousness from this last
Speaker 3: generation of looking at bitcoins. One of the reasons that
Speaker 3: and I've talked about this before, that the Pentagon ran
Speaker 3: a war simulation three years ago or four years ago
Speaker 3: for in the scenario of a gen Z bitcoin revolt
Speaker 3: where gen Z stops using the dollar on purpose as
Speaker 3: a protest because of inflation or or you know, a
Speaker 3: loss of purchasing power or not being having the perception
Speaker 3: of not being able to afford the same things as
Speaker 3: their parents and grandparents did, and thinking that was a
Speaker 3: war game. So they know that there's there's something with it.
Speaker 3: If you look at the consequences of introducing it, then
Speaker 3: it certainly blew up in their face. I don't know
Speaker 3: that nobody knows the answer. I'm certainly not an evangelist
Speaker 3: for bitcoin per se. But what I do think that
Speaker 3: is that the idea of it is what's the most
Speaker 3: powerful thing. It's like Victor Hugo said, the one thing
Speaker 3: more powerful than all the armies on the earth. It's
Speaker 3: an idea whose time has come. Well, perhaps a bitcoin
Speaker 3: is just an idea whose time has come. And then
Speaker 3: the reason that I first and foremost, you know, I'm
Speaker 3: a precious metals guy. I like gold. I want to
Speaker 3: hold it in my hand. Gold and silver do something
Speaker 3: that bitcoin can never do, and that's existing in the
Speaker 3: third dimension that exists in the material world. Now you
Speaker 3: can argue Robert Kiyosaki calls gold and silver God's money
Speaker 3: because it's put here by God. It's going to be
Speaker 3: here long after you know, we're gone. It's gonna it's
Speaker 3: gonna survive that. And it's an element in the earth,
Speaker 3: and it's finite. You know, you can only get so
Speaker 3: much gold or silver, but you can. We don't know
Speaker 3: how much gold and silver there actually is geologically it
Speaker 3: could be. And there's in you know, in outer space,
Speaker 3: supposedly there's like asteroids with gold. So we don't know.
Speaker 3: It's it's it's more than what you know, what we've
Speaker 3: already mined. But bitcoin's finite. So it's a really interesting
Speaker 3: system and I think it teaches people, Okay, well, this
Speaker 3: is what money should look look like. It should be
Speaker 3: scarce right. It should be divisible, it should be easily transferable,
Speaker 3: and again should should hold a store value, shouldn't be
Speaker 3: able to take like we do now with modern governments,
Speaker 3: and they just inflate their way out of an issue
Speaker 3: which destroys the middle class. It destroys people on fixed income,
Speaker 3: It destroys those who can't get upward mobility fast enough
Speaker 3: to outpace inflation. And we've seen that on our own.
Speaker 3: That's what our society is coming apart, you know, with
Speaker 3: policies such as that, and then of course free trade
Speaker 3: and other things. But I really do believe that bitcoin
Speaker 3: is a force for good at this point, and the
Speaker 3: jury is still out. Again, I don't we don't know
Speaker 3: who the founder is. And I always add on my
Speaker 3: show when I talk about this, we're in alternative media.
Speaker 3: We look at the world a little bit differently, a
Speaker 3: lot differently than the normal person or somebody who consumes
Speaker 3: mass media. But I do think we can get caught
Speaker 3: up in the fact that we don't have any wins
Speaker 3: with Sometimes we have a win. Sometimes this could be
Speaker 3: an anonymous cryptographer, it could have been somebody whose passion
Speaker 3: this was that would be the only way that bitcoin
Speaker 3: could exist The way it is is the way it
Speaker 3: was adopted, the way it was put put into motion.
Speaker 3: That's my opinion, David. You know, you look at the
Speaker 3: decentralization of it. That it's not owned by a company,
Speaker 3: it's not owned by a country. Every other crypto tracks
Speaker 3: back to someone. That's just the way it is. It
Speaker 3: tracks back to a group of investors, it tracks back
Speaker 3: to a person. Bitcoin does not, And I think that's
Speaker 3: the only way you could truly have something this revolutionary.
Speaker 3: And whoever, whatever Satoshi Nakamoto was, understood that.
Speaker 1: Yeah, I kind of look at it like I look
Speaker 1: at the Internet. You know, the Internet was an idea
Speaker 1: from a darker psychologist in the nineteen sixties. And then,
Speaker 1: as I said many times, as it started to get practical,
Speaker 1: they started all these venture capital firms went public with it,
Speaker 1: social media firms and things like that, and that was
Speaker 1: a way that they started to get ownership of this
Speaker 1: thing that was out there. But there's this constant back
Speaker 1: and forth that is happening. So we went through a
Speaker 1: period of extreme free speech and all the rest of
Speaker 1: this stuff, and it looked like their plans had backfired
Speaker 1: on them. But then they start to pull it in
Speaker 1: using these same companies that they had backed and put
Speaker 1: into operation to compete against each other. But now there's
Speaker 1: a pushback against that. I talked yesterday there was an
Speaker 1: extensive article on Reason talking about a new platform called
Speaker 1: Noster and Noster will you know if people want to
Speaker 1: use that for free speech, they've got complete control over
Speaker 1: it anonymity at the moment apparently. But it also you
Speaker 1: can exchange and pay people using bitcoin, so it kind
Speaker 1: of ties into that Bitcoin thing, and who knows, you know,
Speaker 1: maybe Noster was something it had some of the same
Speaker 1: developers from Bitcoin, But a lot of these things are
Speaker 1: open and you can look at them, and regardless of
Speaker 1: what happens with it's going to be this constant back
Speaker 1: and forth. The price of liberty is eternal vigilance. And
Speaker 1: so if there's something that is put together out there
Speaker 1: by DARPA or by the CIA, people might be able
Speaker 1: to take that and use it. It might, and then
Speaker 1: there's going to once they put that out there, it's
Speaker 1: going to be a struggle from the people versus the
Speaker 1: government and DARPA as to who's going to be able
Speaker 1: to use this to their advantage, and that's going to constantly.
Speaker 1: EBB and flow in different directions. I think the same
Speaker 1: thing may be the case with bitcoin if they try
Speaker 1: to use it. There's been a lot of talk about
Speaker 1: ethereum being the backbone of a CBDC and how they
Speaker 1: could rapidly bring that in I think more easily than
Speaker 1: they could bitcoin. So I kind of think that they
Speaker 1: would do it with ethereum. But there's going to be
Speaker 1: this constant back and forth with bitcoin, and I think
Speaker 1: also certainly with the Internet. Maybe noster is going to
Speaker 1: be something people can use, but if it's not, be
Speaker 1: something else that'll be out there that people will try
Speaker 1: to use their system to enhance liberty while they're trying
Speaker 1: to use it to enhance tyranny. It's always going to
Speaker 1: be that back and forth, just like there's a back
Speaker 1: and forth over the government all the time. The government
Speaker 1: could be used to increase our liberty or it could
Speaker 1: be used to in a tyrannical way, and there's always
Speaker 1: a struggle going back and forth about how it's going
Speaker 1: to be used.
Speaker 3: Well, that's exactly right, and the whole point of all
Speaker 3: of this is that the system set up by governments,
Speaker 3: especially this government and our central bank, is going to
Speaker 3: be ultimately a failed experiment. We can see it happening
Speaker 3: in real time. I mean especially accelerated over the last
Speaker 3: five years. You have a currency system that is dying.
Speaker 3: You have a worldwide reserve currency system that's dying. The
Speaker 3: petro dollar is going away, so we're losing purchasing power
Speaker 3: in our dollar while we're expanding the liabilities of the
Speaker 3: United States, putting us on a war footing, continuing to
Speaker 3: massive foreign aid. We're importing people from all over the world,
Speaker 3: crushing the the safety net and the welfare system and
Speaker 3: all that. So the welfare warfare state continues to explode,
Speaker 3: spending and liabilities go up, so we print and print
Speaker 3: and print more money or more currency, and then that
Speaker 3: devalues it so that ultimately, I think people are starting
Speaker 3: to catch on. This isn't the you know, this isn't
Speaker 3: the generations passed and we had the inflation of the
Speaker 3: nineteen seventies, of the inflation shock and all that. But
Speaker 3: we're not going to be able to bail ourselves out
Speaker 3: of this one. It's you know again, the United States
Speaker 3: was a trillion dollars in debt in nineteen eighty. It's
Speaker 3: thirty five trillion dollars to day. As you pointed out earlier,
Speaker 3: it's about ten percent of the global debt is here
Speaker 3: in the US, and that's it's only accelerating. It takes
Speaker 3: a trillion dollars a year just to serve as the
Speaker 3: interest on the debt. We go with trillion dollars in
Speaker 3: debt every ninety to one hundred days. These are facts
Speaker 3: and figures. So there's it. There's crop up because of
Speaker 3: things like that. And really this bitcoin was a response
Speaker 3: to the two thousand and eight two thousand and nine
Speaker 3: bank bail out, too big to fail, too big to
Speaker 3: jail era, you know, where they had the mortgage crisis
Speaker 3: and the subprime meltdown and all that, the Great Recession,
Speaker 3: if you want to call it. That that was a
Speaker 3: response to that. And this is you know, you had
Speaker 3: occupy Wall Street and all those other things those are
Speaker 3: and that that was another response. But this is just
Speaker 3: throughout the years since then, you've just seen an outcropping
Speaker 3: of more and more people getting into the space, whether
Speaker 3: it's crypto or whether it's even precious metals. I think
Speaker 3: there's a lot of entrepreneurs that are understanding this, and
Speaker 3: I've watched my business change may and it's changed rapidly.
Speaker 3: It's over the last five five years. It is really
Speaker 3: a complete transformation. I've seen more and more people starting
Speaker 3: to understand what this is all about. I think it's
Speaker 3: positive that there's a there's a change in thinking going on,
Speaker 3: and you know, I really do. I think I think
Speaker 3: there's a lot of there's a lot of positive out
Speaker 3: of that because we're catching if those If you're paying
Speaker 3: attention now and you're starting to see how this all works,
Speaker 3: you're catching some things early, and you can do something
Speaker 3: about out it. You don't want to be left holding
Speaker 3: the bag when the dollar really slips into you know,
Speaker 3: I don't want to use the term hyperinflation. I'm not
Speaker 3: sure that we'll see that like that, but we'll definitely
Speaker 3: see a devaluation. It'll be more rapid than what we've
Speaker 3: experienced over the last ten or twenty years.
Speaker 2: Well, I agree. I agree.
Speaker 1: There was an interesting report from Credit News about August
Speaker 1: eighth press conference that Trump had at mar A Lago,
Speaker 1: where he said he thought that the president ought to
Speaker 1: be able to have a say in the interest rates
Speaker 1: that are done by the Federal Reserve. He ought to
Speaker 1: be in on all of that. And I thought that
Speaker 1: is just laughed out loud when I saw it, because
Speaker 1: I thought, how typical that we would say, look at
Speaker 1: a system that is as corrupt as the Federal Reserve,
Speaker 1: as unconstitutional, illegal as the Federal Reserve really is. And
Speaker 1: it's not illegal, I mean, they passed the Federal Reserve Act,
Speaker 1: but it is unconstitutional to look at that and to
Speaker 1: say I want to seat at the table, rather than
Speaker 1: saying I want to reform this.
Speaker 2: I mean, do we really? He makes the case.
Speaker 1: He says, well, I'm a very successful businessman, and I
Speaker 1: probably know more than these people of the Federal Reserve,
Speaker 1: so I should be having to say so as to
Speaker 1: the interest rates and how we manipulate things like that.
Speaker 1: After he's manipulated us with trillion dollars worth of debt
Speaker 1: and the lockdowns and all the rest of the stuff,
Speaker 1: he wants to take control of the Federal Reserve. And
Speaker 1: this is the way that it isn't why, It's why
Speaker 1: I want to get completely out of the system, you know,
Speaker 1: I just want to. That's why I like the gold
Speaker 1: and silver. It's outside of the system, and they it's not.
Speaker 1: Of course, you know, they can they can break in
Speaker 1: and steal stuff and or steal from wherever you got it.
Speaker 2: If you got it with a.
Speaker 1: You know, at a at another institution or something, they
Speaker 1: can steal it there. They can steal it anywhere, but
Speaker 1: it's less of a profile than it is if it's
Speaker 1: a crypto thing.
Speaker 2: It's less.
Speaker 1: And certainly when you've got your money and a dollar,
Speaker 1: they're constantly stealing it all the time by their devaluation,
Speaker 1: are they It's amazing.
Speaker 3: Absolutely, And you know, the Federal Reserve is to economics,
Speaker 3: what the Warrant Commission was to justice. Okay, that's their
Speaker 3: charter was to ensure that the money supply was stable,
Speaker 3: that prices were stable. That's where that's the that's the ruse.
Speaker 3: That's what they came in that. You know, they engineered
Speaker 3: the crash in nineteen oh seven. By nineteen ten, November
Speaker 3: twenty second, they were a Jackal Island planning the Federal Reserve.
Speaker 3: And then, as you pointed out many times, you know,
Speaker 3: going into Christmas Christmas Eve nineteen thirteen, they just passed
Speaker 3: that Federal Reserve back it is. It is unconstitutional. Unfortunately,
Speaker 3: no one's that ever successfully challenged that. I mean, they
Speaker 3: never they never over overrode the Constitution to put in
Speaker 3: the Federal Reserve. They just put it through and kind
Speaker 3: of you know, because you look at the Constitution, the
Speaker 3: United States Congresses can only coin money, right has the
Speaker 3: only Congress can coin money, and it has to be
Speaker 3: gold and silver species, So that that's something that isn't
Speaker 3: done anymore. And if you going back to that article
Speaker 3: you mentioned, but from the Mesas Institute, it is some
Speaker 3: interesting back and forth between the US Treasury and the
Speaker 3: Federal Reserve in the nineteen thirty four Gold Act where
Speaker 3: the FED had to hand over their gold and then
Speaker 3: this Treasury issued the certificate kits. I don't know if
Speaker 3: that will be something that comes to fruition in the
Speaker 3: future because I think if you looked at you know,
Speaker 3: Janet Yellen was head of the FED. Now she's head
Speaker 3: of the Treasury, and I think we'll see more and
Speaker 3: more of this. I don't know that they're two separate
Speaker 3: entities really because I think that if you read the
Speaker 3: creature from Jacky Island, you see this is a this
Speaker 3: is a you know, an international banking consort, seaman cartel
Speaker 3: that really runs. It's it's not that the US government
Speaker 3: wags the Federal Reserve dog, right, it's the other way around.
Speaker 3: But I'm interested to see because a lot of my
Speaker 3: research showed that the and you can read this in
Speaker 3: the book The Killing of Uncle Sam, which is Rodney
Speaker 3: Brown to put out. It's really some great research on
Speaker 3: what happened to the gold after nineteen thirty three when
Speaker 3: Franklin Roosevelt did that executive order for you to turn
Speaker 3: it in. A lot of it went to Basel, Switzerland
Speaker 3: at the Bank of International Settlements, if not a great
Speaker 3: majority of it. That's an interesting article that came out.
Speaker 3: And you know, I think moving forward, I think there'll
Speaker 3: be just like you mentioned, David, I think there'll be
Speaker 3: less and less of a separation FED in State.
Speaker 1: Yeah, that's right, that's what you should have as a
Speaker 1: separation of FED and state.
Speaker 2: Cut them off. And we've done it in the past.
Speaker 1: You know, last way I got talked about an article
Speaker 1: is that we've ended the Federal Bank several times. As
Speaker 1: an American traditional let's do it again. But you know,
Speaker 1: people used to be people look at you funny if
Speaker 1: you've talked about the ending the income tax and things
Speaker 1: like that. But you know now that is there, So
Speaker 1: it's at least a possibility in people's minds. If not
Speaker 1: in the politician's minds, tell us what's coming out now
Speaker 1: you're in LA. Are you going to have your broadcast
Speaker 1: immediately following this one today or what's up with that?
Speaker 3: Unfortunately, no, I think I have just enough bandwidth here
Speaker 3: to get to I want to make sure I didn't
Speaker 3: miss your show, but I probably will will run a
Speaker 3: run a best of today just for scheduling and bandwidth.
Speaker 3: I'm running off my extra my cell phone right now
Speaker 3: because the hotel WiFi wasn't that great. But so yeah,
Speaker 3: definitely a show next week and we will be on
Speaker 3: a regular schedule after that. But I never want to
Speaker 3: miss our interviews.
Speaker 1: Well, I appreciate that, and it's always great to have
Speaker 1: you on again. Tony Ardeman Wise Wolf Gold. You can
Speaker 1: get to Tony with David night Gold. Help you get there,
Speaker 1: get gold small or large quantities, and you can also
Speaker 1: start to accumulate it on a regular basis. That is
Speaker 1: something that people in America just don't think about saving anymore.
Speaker 1: But that is a great thing to do. And if
Speaker 1: you're going to save, don't save in dollars, save in
Speaker 1: something that's going to retain value like gold and silver.
Speaker 1: Thank you, so much, Tony, He's always great talking to.
Speaker 3: You before I leave, David, it said's okay. I wanted
Speaker 3: to there was something I forgot to mention. The mainstream
Speaker 3: put out an article I thought was very useful. Where's
Speaker 3: a scam happening right now where people are getting, especially seniors,
Speaker 3: getting calls from someone posing as a Treasury agent saying
Speaker 3: you need to put your savings into gold is for
Speaker 3: safe keeping, and they have us have that. Same people
Speaker 3: go and buy the gold and then they have a
Speaker 3: treasury agent come pick it up. That's not a treasury agent.
Speaker 3: These are gold scammers. I'm going to talk to my staff.
Speaker 3: I talked to one of my friends in Rockwall, Texas,
Speaker 3: who's a gold dealer friend of mine. He had the
Speaker 3: same thing. He actually was able to stop one of them,
Speaker 3: but I saw it reminded me again. Today I was
Speaker 3: doing some research for Talk and that came out on
Speaker 3: Fox News. That's happening all over the country. So the
Speaker 3: US government's never going to tell you to buy gold
Speaker 3: number one, Okay, So that's a red flag. They never
Speaker 3: want you to own gold. They don't want you buying it.
Speaker 3: They try to. They would want you to put your
Speaker 3: savings in fiat currency. So that's that's a red flag
Speaker 3: right there. But yeah, if you have any questions or
Speaker 3: something happened like that, just give me a call it
Speaker 3: wise Wolf and Happy.
Speaker 1: Yeah, they're not a treasury agent. They're a treasure agent. Treasure, yes,
Speaker 1: trying to pick on people. It really is amazing. But
Speaker 1: it also does tell us that there's so much more
Speaker 1: public awareness of gold right now, and that's for a reason.
Speaker 1: So thank you so much, Tony. Always great talking to
Speaker 1: you again, David Night. Doug Gold will take you to
Speaker 1: Tony at Wise Wolf. Thank you for joining us. Tony,
Speaker 1: have a good day and hope things go well for
Speaker 1: you there in LA. We're going to take a quick
Speaker 1: break and we'll be right back with Eric Peterson.
Speaker 2: Stay with us. We'll be right back defending the American Dream.
Speaker 2: You're listening to the David Knight Show.