WEBVTT 1 00:00:05.000 --> 00:00:08.199 Joining us now is Tony Ardeban of wise Wolf Gold, 2 00:00:08.240 --> 00:00:10.320 and Tony has set up David Night Gold that'll take 3 00:00:10.359 --> 00:00:12.560 you to his website. Let him know that you're coming 4 00:00:12.919 --> 00:00:15.800 through us, and when you get there you can start 5 00:00:15.839 --> 00:00:18.960 to save gold and silver gradually. He's got a wolf Pack, 6 00:00:20.079 --> 00:00:22.199 a club where you can determine how much you want 7 00:00:22.199 --> 00:00:25.320 to set aside each month, and you can benefit from 8 00:00:25.359 --> 00:00:27.879 the group buy that is there. You can get better 9 00:00:27.960 --> 00:00:31.640 buys on your gold and silver, and you can also 10 00:00:31.679 --> 00:00:35.000 of course buy individually whatever we want in terms of 11 00:00:35.039 --> 00:00:39.520 silver or gold. Tony doesn't have limits one way or 12 00:00:39.520 --> 00:00:41.520 the other there with that, and he can also help 13 00:00:41.600 --> 00:00:46.320 you with your gold or silver IRA at wise Wolf. 14 00:00:46.399 --> 00:00:48.320 So joining us now is Tony. Thank you for joining us. 15 00:00:48.320 --> 00:00:51.679 Tony. Always great to be here, David, thanks for having me. 16 00:00:51.679 --> 00:00:53.719 Well, thank you. You know, this last week we've had 17 00:00:53.759 --> 00:00:58.600 a lot of interesting things happen. I really like the 18 00:00:58.719 --> 00:01:01.600 article that was up on Zero they had I'm sure 19 00:01:01.600 --> 00:01:03.679 this he did not pose for it, but it's looking 20 00:01:03.719 --> 00:01:06.439 pretty realistic with these AI pictures. They had warm buffett 21 00:01:07.079 --> 00:01:10.840 and a suit and tie setting on a toilet, saying 22 00:01:10.840 --> 00:01:15.120 that he was dumping a Bank of America stock of course, 23 00:01:15.719 --> 00:01:19.480 fortunately they had his pants up, you know when even 24 00:01:19.519 --> 00:01:22.079 they didn't subject him to that kind of indignity. But 25 00:01:22.120 --> 00:01:23.640 I thought it was funny they had him setting on 26 00:01:23.680 --> 00:01:28.760 a toilet with his hands crossed and his dumpathon they said, 27 00:01:28.799 --> 00:01:32.519 nearly seven billion dollars of a dump. The questions swirl 28 00:01:32.680 --> 00:01:34.599 as to why, Well, I think a lot of people 29 00:01:34.640 --> 00:01:39.159 are looking at a shaky, bubbly stock market, and they're 30 00:01:39.200 --> 00:01:42.000 looking at the fact that the Federal Reserve is going 31 00:01:42.079 --> 00:01:45.359 to reverse course after we've hit this iceberg, and nobody's 32 00:01:45.359 --> 00:01:49.200 paid attention to it, and so there's also all the 33 00:01:49.239 --> 00:01:52.439 banking issues that are there. It's a very unstable world, 34 00:01:52.480 --> 00:01:54.560 isn't it. That's why I like gold and silver. 35 00:01:56.200 --> 00:02:00.799 Well, it's funny because Warren Buffett has always talked about 36 00:02:00.840 --> 00:02:02.560 gold in a derogatory way. 37 00:02:03.159 --> 00:02:05.599 He said it doesn't do anything, it just sits there. 38 00:02:05.640 --> 00:02:07.879 You know. He didn't have anything good. 39 00:02:07.680 --> 00:02:11.280 To say about gold until right around twenty twenty, and 40 00:02:11.680 --> 00:02:15.800 that's when Berkshire and his team started buying up Barrett 41 00:02:15.800 --> 00:02:20.120 Gold and other gold mining opportunities. And it's I think 42 00:02:20.120 --> 00:02:23.159 it's again, this is an indicator if you really want 43 00:02:23.199 --> 00:02:23.960 to see the future. 44 00:02:24.280 --> 00:02:26.360 Well, they call him the oracle. Go look and see. 45 00:02:26.360 --> 00:02:28.639 What he's doing is dumping you know, Bank of America 46 00:02:28.759 --> 00:02:31.719 stocks and some of the traditional stuff that has been 47 00:02:31.879 --> 00:02:32.599 a performer. 48 00:02:32.719 --> 00:02:34.759 And that's because we're going to go into well. 49 00:02:34.800 --> 00:02:37.439 Even Jamie Demon I mean he said there's going to 50 00:02:37.439 --> 00:02:40.199 be an economic superstorm. And I asked the question, what 51 00:02:40.240 --> 00:02:42.199 a year or so ago, I said, has anybody ever 52 00:02:42.280 --> 00:02:46.479 seen a major bankster? I mean, he's the top banker, 53 00:02:46.719 --> 00:02:51.360 top bankster. Yeah, not cheerleading the economy. They usually cheerlead 54 00:02:51.360 --> 00:02:52.879 it like it's you know, like you're talking about the 55 00:02:52.960 --> 00:02:55.879 Titanic moment. It's like they usually just like you're all, 56 00:02:55.919 --> 00:02:58.240 everything's fine, even while the boat's thinking. 57 00:02:59.159 --> 00:02:59.800 So that's that. 58 00:03:00.080 --> 00:03:04.360 I think those kind of things are opportunities for us 59 00:03:04.400 --> 00:03:05.120 to pay attention. 60 00:03:05.879 --> 00:03:07.240 Some thing's on the horizon. 61 00:03:07.840 --> 00:03:10.879 Jerome pal just came out and that the time is 62 00:03:11.319 --> 00:03:15.599 right to adjust policy. You know, it's not talking about 63 00:03:15.599 --> 00:03:18.639 a rate cut twenty five basis points, but what that 64 00:03:18.719 --> 00:03:19.680 means is more inflation. 65 00:03:20.080 --> 00:03:22.800 And they didn't win the war against inflation. 66 00:03:23.240 --> 00:03:25.800 I know that because gold is twenty five hundred and 67 00:03:25.840 --> 00:03:29.120 forty eight dollars an ounce right now. I know that 68 00:03:29.159 --> 00:03:30.919 they it would be if they had won the war 69 00:03:30.960 --> 00:03:34.319 on inflation, gold would be something like twelve hundred and 70 00:03:34.319 --> 00:03:36.879 thirteen hundred dollars an ounce, and we're never going to 71 00:03:36.960 --> 00:03:37.639 see that again. 72 00:03:38.599 --> 00:03:39.879 Those days are long gone. 73 00:03:39.919 --> 00:03:43.879 So now I think I think there's a lot of 74 00:03:43.919 --> 00:03:45.479 interesting times on the horizon. 75 00:03:45.560 --> 00:03:46.280 David, for sure. 76 00:03:46.360 --> 00:03:49.199 Well, a lot of you pointed out twenty five basis points. 77 00:03:49.240 --> 00:03:50.960 I mean, that'd be the minimum that could raise it. 78 00:03:51.120 --> 00:03:52.800 A lot of people are pushing for them to do 79 00:03:52.879 --> 00:03:57.439 fifty because look at how fast they raised things, and 80 00:03:57.479 --> 00:04:01.280 that created problems for the small banks. I don't imagine 81 00:04:01.280 --> 00:04:04.639 that Warren Buffett has any stock in smaller medium sized banks, 82 00:04:04.639 --> 00:04:08.400 because they're like dead men walking at this point in time. 83 00:04:08.919 --> 00:04:11.360 Even the big you know, too big to fail banks 84 00:04:11.439 --> 00:04:13.439 like Bank of America. He's getting his money out of 85 00:04:13.439 --> 00:04:16.519 that even and so certainly he doesn't have any money 86 00:04:16.519 --> 00:04:17.759 in the smaller banks. 87 00:04:17.480 --> 00:04:18.000 That are there. 88 00:04:18.399 --> 00:04:22.519 And of course the situation that they're in. There's nothing wrong. 89 00:04:22.920 --> 00:04:25.959 Nothing has changed for the smaller banks except for two things. 90 00:04:26.680 --> 00:04:32.279 One the lockdown that Trump did that you know, put 91 00:04:32.279 --> 00:04:35.360 the knife in the heart of commercial real estate. And 92 00:04:35.399 --> 00:04:40.399 the second thing is the you know, what the Federal 93 00:04:40.439 --> 00:04:43.959 Reserve did in terms of starting to raise the rates 94 00:04:44.240 --> 00:04:47.680 so rapidly, you know, seventy five basis points every you know, 95 00:04:47.720 --> 00:04:50.000 every month or whatever it was the interval that they 96 00:04:50.000 --> 00:04:52.839 did it. I saw them burst that bubble back with 97 00:04:52.920 --> 00:04:55.600 the housing situation back in two thousand and seven, two 98 00:04:55.639 --> 00:04:58.240 thousand and eight, they went up twenty five basis points 99 00:04:58.279 --> 00:05:00.600 like every month or whatever. It was like a stair 100 00:05:00.639 --> 00:05:02.680 step when you look at it. And they did it 101 00:05:02.720 --> 00:05:05.079 this time, except they were doing it it three times faster, 102 00:05:05.480 --> 00:05:09.639 and the banks couldn't recover and they were invested in 103 00:05:09.920 --> 00:05:11.759 the stuff that the federal Reserve had put out there 104 00:05:11.759 --> 00:05:14.279 and they didn't have enough. They raised, they changed the 105 00:05:14.279 --> 00:05:17.560 interest rate situation so rapidly. These banks got trapped. So 106 00:05:17.680 --> 00:05:21.040 all of this is a problem of the government. And 107 00:05:21.079 --> 00:05:25.360 when you look abroad, all of these sanctions and everything 108 00:05:25.399 --> 00:05:28.800 that kicked off the exit from the dollar, all these 109 00:05:28.839 --> 00:05:31.680 things that Biden administration did that killed the petro dollar 110 00:05:31.759 --> 00:05:34.600 and killed the dollar as a reserve standard. Because it 111 00:05:34.639 --> 00:05:37.560 is just like the banks that are circling the drain. 112 00:05:37.639 --> 00:05:39.680 They haven't failed, and the dollar hasn't failed, but they're 113 00:05:39.720 --> 00:05:43.399 all just waiting for that to happen. And even though 114 00:05:43.399 --> 00:05:46.439 that happened, I covered earlier this week, the fact that 115 00:05:46.680 --> 00:05:49.079 Europe is buying more natural gas now from Russia than 116 00:05:49.120 --> 00:05:51.199 they are from the United States. And that's one of 117 00:05:51.199 --> 00:05:53.879 the key policy objectives of all the blowing up the 118 00:05:53.879 --> 00:05:56.519 pipelines and all the rest of the stuff. The sanctions 119 00:05:56.519 --> 00:05:59.040 have failed, and along with it, they've taken down the dollar. 120 00:05:59.079 --> 00:06:00.319 It's truly amazing, isn't it. 121 00:06:01.519 --> 00:06:03.439 I think what you're witnessing is the decline of the 122 00:06:03.519 --> 00:06:06.720 liberal new world order, everything that was set up after 123 00:06:06.839 --> 00:06:09.600 nineteen forty four, after Breton Woods. Really, David, I mean, 124 00:06:09.680 --> 00:06:12.720 you know, look at I saw a tweet from Gold 125 00:06:12.759 --> 00:06:14.560 Telegraph an account I follow. 126 00:06:14.639 --> 00:06:16.800 It's really good information on precious metals. 127 00:06:16.800 --> 00:06:19.639 And he said, how come they didn't bring up in 128 00:06:19.680 --> 00:06:20.120 the debate. 129 00:06:20.199 --> 00:06:21.920 Of course, they didn't bring up anything of substance in 130 00:06:21.959 --> 00:06:23.720 the debate. They didn't bring up in the debate. 131 00:06:23.439 --> 00:06:27.920 That the dollar as a reserve asset in two thousand 132 00:06:27.920 --> 00:06:30.480 and one was like seventy one percent as a reserve 133 00:06:30.519 --> 00:06:35.720 asset around the world. Now it's fifty four percent and declining. 134 00:06:36.079 --> 00:06:38.519 So that means that these banks are dumping dollars. This 135 00:06:38.639 --> 00:06:42.040 is Triffan's dilemma. Robert triffin An economists in the nineteen sixties. 136 00:06:42.519 --> 00:06:46.160 What happens when those currency units that we've stocked in 137 00:06:46.199 --> 00:06:49.639 all these central banks worldwide come home, and you know, 138 00:06:49.720 --> 00:06:53.079 again the first stress test will be the smaller and 139 00:06:53.120 --> 00:06:57.800 medium sized banks. And you're absolutely right. Jerome Powell has 140 00:06:57.879 --> 00:07:00.439 raised rates faster than any time in history. Did that 141 00:07:00.480 --> 00:07:05.199 because of the massive money creation, massive currency creation, the 142 00:07:05.360 --> 00:07:07.720 likes of which we've never been seen. Eighty percent of 143 00:07:07.759 --> 00:07:10.160 all the dollars ever created made in the last forty 144 00:07:10.199 --> 00:07:11.000 eight to. 145 00:07:11.120 --> 00:07:15.439 Fifty months or so. Damage that again to. 146 00:07:17.199 --> 00:07:21.279 Our dollar, that is irreversible, and they had to raise 147 00:07:21.360 --> 00:07:24.800 rates again, but they didn't win the war. Gold, despite 148 00:07:24.839 --> 00:07:29.120 all of their projections, continues to break all time highs, 149 00:07:29.160 --> 00:07:31.680 and the golds broke its I don't even know how 150 00:07:31.759 --> 00:07:32.519 many times it's broke. 151 00:07:32.560 --> 00:07:34.720 It's all I keep up with this. I live in 152 00:07:34.759 --> 00:07:35.160 this world. 153 00:07:35.279 --> 00:07:38.399 I don't don't exactly know the number, but it's multiple, 154 00:07:38.480 --> 00:07:40.879 multiple times in the last year. 155 00:07:41.120 --> 00:07:43.639 And that's because central bank gold buying is increasing. 156 00:07:44.199 --> 00:07:49.800 D dollarization is increasing at the same time. So as 157 00:07:49.839 --> 00:07:53.319 these central banks stock on gold, the bricks nations, especially 158 00:07:53.360 --> 00:07:56.920 as they stock up on gold, they're d dollarizing, which 159 00:07:56.959 --> 00:08:00.519 again is coming home. It's affecting our economy and starting 160 00:08:00.519 --> 00:08:03.879 to see that on the periphery, warm buffet may be correct. 161 00:08:04.319 --> 00:08:07.240 The hardest hit sector will be the banking sector because 162 00:08:07.279 --> 00:08:10.800 it's going to cause all sorts of turmoil in loans, 163 00:08:10.879 --> 00:08:11.720 margin calls. 164 00:08:12.920 --> 00:08:15.240 You mentioned the commercial real estate sector. 165 00:08:15.959 --> 00:08:18.879 That's a time bomb that hasn't gone off yet, it 166 00:08:18.920 --> 00:08:22.959 will eventually. It's still aftershocks of everything that we experience 167 00:08:23.000 --> 00:08:25.920 in the lockdowns, and you can't outrun that forever. 168 00:08:26.199 --> 00:08:29.759 That's right, And all this is self inflicted wounds, you know, 169 00:08:29.839 --> 00:08:32.039 self inflicted wounds on the dollar with the sanction, self 170 00:08:32.039 --> 00:08:36.519 inflicted wounds with a quantitative easing and printing them and 171 00:08:36.559 --> 00:08:38.159 all the rest of this stuff, and what they did 172 00:08:38.159 --> 00:08:40.919 with interest rates. It's just amazing to look at this, 173 00:08:41.240 --> 00:08:44.080 and you know, it brings us back to the question 174 00:08:45.320 --> 00:08:47.279 are these people stupid or evil? I mean, is this 175 00:08:47.559 --> 00:08:49.279 Do they not know what they're doing? Or is this 176 00:08:49.600 --> 00:08:52.320 by design? That's the only question that remains when we 177 00:08:52.320 --> 00:08:53.320 look at this kind of stuff. 178 00:08:53.360 --> 00:08:55.639 Isn't it all right? 179 00:08:55.679 --> 00:08:58.440 I mean, if they were just stupid, then they every 180 00:08:58.440 --> 00:08:59.600 once in a while they'd air in. 181 00:08:59.559 --> 00:09:03.759 Our favorite but they never do. They have some really 182 00:09:03.840 --> 00:09:05.720 stupid people that work for them. But I think it's 183 00:09:05.759 --> 00:09:08.440 all the coordinated plan. You know, this is something that's 184 00:09:08.480 --> 00:09:09.200 being carried out. 185 00:09:09.279 --> 00:09:12.679 You know, you're looking at what has to happen, all 186 00:09:12.720 --> 00:09:15.559 the things that have to happen to really take us. 187 00:09:15.559 --> 00:09:16.440 I mean, you look at the debate. 188 00:09:16.480 --> 00:09:18.679 I mean you kind of go into the political side 189 00:09:18.679 --> 00:09:21.360 of this. If you step back and take all emotion 190 00:09:21.480 --> 00:09:25.600 out of it and partisanship and everything else and whatever 191 00:09:25.679 --> 00:09:28.159 your favorite hobby horse is that you want to, you know, 192 00:09:28.200 --> 00:09:31.200 see come to fruition politically, take all that away. 193 00:09:32.320 --> 00:09:33.200 It's stupid. 194 00:09:33.399 --> 00:09:36.120 I mean, it's just the we've dumbed everything down to 195 00:09:36.159 --> 00:09:40.799 the lowest common denominator. There's no substance at all, and 196 00:09:40.879 --> 00:09:43.440 so we're left, you know, without again, we're not asking 197 00:09:43.519 --> 00:09:44.720 the big questions. 198 00:09:44.759 --> 00:09:46.919 This is all bread and circus and a distraction. 199 00:09:47.120 --> 00:09:52.320 Meanwhile, geopolitically and the earthquakes that are happening around the world. 200 00:09:52.759 --> 00:09:55.840 You and I were talking off air. You mentioned Turkey 201 00:09:56.759 --> 00:10:00.919 looking to join the Bricks Nations. You know, there's some 202 00:10:01.120 --> 00:10:04.919 backstory to that. You know, Turkey's always been called like 203 00:10:04.960 --> 00:10:07.440 the sick man of Europe. They've been they've put into NATO, 204 00:10:07.519 --> 00:10:09.799 but not really brought to the dance and they weren't 205 00:10:09.799 --> 00:10:12.360 brought into the EU, like you said off air, we 206 00:10:12.360 --> 00:10:15.919 were talking about that and again, but they have massive 207 00:10:16.320 --> 00:10:19.879 gold holdings, and you know, the Bricks nations are trying 208 00:10:19.879 --> 00:10:21.840 to reset all of their commodities. 209 00:10:21.919 --> 00:10:23.159 That's that's really the goal here. 210 00:10:23.200 --> 00:10:25.879 It's not necessarily in my opinion, I haven't seen anything 211 00:10:25.919 --> 00:10:29.120 about a unified currency with the Bricks because some of 212 00:10:29.159 --> 00:10:31.399 them are at odds with each other. You know, India 213 00:10:31.399 --> 00:10:37.519 and China aren't exactly friends. So but economically, you know, 214 00:10:37.919 --> 00:10:41.080 they look at the United States, they see the hegemonic 215 00:10:41.120 --> 00:10:43.840 dominance of the dollar system and the bullying and the 216 00:10:43.879 --> 00:10:47.320 sanctions and everything that's happened, especially in the last twenty years. 217 00:10:47.320 --> 00:10:51.279 It's been really put on hyperdrive. I think these nations 218 00:10:51.279 --> 00:10:52.840 look at it and say, how do we have cross 219 00:10:52.879 --> 00:10:55.840 border payments and get away from the dollar. They don't 220 00:10:55.879 --> 00:10:59.399 necessarily have to have a new currency that supplants the dollar, 221 00:10:59.440 --> 00:11:02.919 but just a way to transact gold is that answer, 222 00:11:03.000 --> 00:11:05.240 I think, because all of them are stocking up on that. 223 00:11:05.279 --> 00:11:10.039 I mean, it's what Russia's gold purchases are up six 224 00:11:10.120 --> 00:11:13.120 hundred and one percent in the last month or so. 225 00:11:13.559 --> 00:11:16.279 Wow. I mean, this is we'd live an unprecedented times. 226 00:11:16.320 --> 00:11:19.360 Deed, allarization is rapidly happening, and that should be the 227 00:11:19.440 --> 00:11:23.480 number one story politically because it's going to affect the 228 00:11:23.600 --> 00:11:28.720 United States, you know, economically, socially across the board, but 229 00:11:28.759 --> 00:11:29.919 we're not talking about that. 230 00:11:30.399 --> 00:11:32.720 And to your point about India and China, I mean, 231 00:11:32.720 --> 00:11:35.240 they they got areas of the border where they're shooting 232 00:11:35.240 --> 00:11:37.960 at each other, and yet to them it's more important 233 00:11:38.200 --> 00:11:41.200 the threat from America than the threat that they present 234 00:11:41.240 --> 00:11:44.000 to each other on their own border. And yet we 235 00:11:44.000 --> 00:11:47.120 don't even talk about it in the debates. You know, Turkey, 236 00:11:48.200 --> 00:11:50.080 Oh well you can be part of our war team 237 00:11:50.120 --> 00:11:52.799 here with NATO, but I don't know about putting you 238 00:11:52.840 --> 00:11:54.279 into the EU any of that. 239 00:11:54.320 --> 00:11:54.480 You know. 240 00:11:54.559 --> 00:11:58.879 So they're looking to to have an economic alliance outside 241 00:11:59.200 --> 00:12:03.360 of all that. It truly is amazing when you look 242 00:12:03.399 --> 00:12:05.960 at what they're doing. Now, there was an interesting article 243 00:12:06.000 --> 00:12:10.080 I know that you're talking about. You're looking at doing 244 00:12:10.120 --> 00:12:14.120 something with bitcoin there at Wisewolf. When you get your 245 00:12:14.159 --> 00:12:17.320 take on this, this is on Wall Street Journal, the 246 00:12:17.399 --> 00:12:21.159 shadow dollar that is fueling the financial underworld. In this 247 00:12:21.200 --> 00:12:24.159 particular case, they're not coming after bitcoin. They're coming after Tether, 248 00:12:24.840 --> 00:12:27.279 but it looks very much like the same type of 249 00:12:27.279 --> 00:12:30.240 attacks that they do whenever, you know, they see something 250 00:12:30.320 --> 00:12:34.799 as competition to the dollar, they oh, it's the dark web, 251 00:12:34.960 --> 00:12:38.600 or it's the shadow dollar, or this or that. What 252 00:12:38.639 --> 00:12:40.000 do you see happening in that sphere? 253 00:12:41.639 --> 00:12:47.320 That's the stable coin world? And to be completely honest, 254 00:12:47.600 --> 00:12:50.480 it's not something I've really ever dabbled in. You know, 255 00:12:50.559 --> 00:12:54.679 I do understand that it's used, especially with cross border 256 00:12:54.720 --> 00:12:57.000 payments and settlements and things like that, and then they 257 00:12:57.080 --> 00:13:01.759 digitized it. I'm wondering if this is because tether has 258 00:13:01.840 --> 00:13:06.159 been so successful and there's been many audits of tether. 259 00:13:06.440 --> 00:13:09.840 This is again I'm not sanctioning it, I'm not endorsing it, 260 00:13:09.879 --> 00:13:11.519 but I've looked at a lot of articles that have 261 00:13:11.600 --> 00:13:14.000 looked at tether and they're backing you know, can they 262 00:13:14.080 --> 00:13:17.200 dollar for dollar back up what they have as far 263 00:13:17.240 --> 00:13:21.720 as what's being traded? What I've seen says yes. But 264 00:13:21.919 --> 00:13:25.120 again I don't have any control over that. You know, 265 00:13:25.200 --> 00:13:27.559 these kind of articles that come out always make me think, 266 00:13:27.600 --> 00:13:31.039 you know, are you being because it's successful because it's 267 00:13:31.039 --> 00:13:33.240 tied to the dollar, are you being softened up a 268 00:13:33.240 --> 00:13:36.120 little bit to accept maybe a supplanting of tether. 269 00:13:37.440 --> 00:13:38.840 You know, so some people have asked. 270 00:13:38.600 --> 00:13:43.159 If Tether's going to be used as a as a 271 00:13:43.200 --> 00:13:48.919 treasury asset. No, because first of all, the CBDC has 272 00:13:48.960 --> 00:13:50.200 to be installed. 273 00:13:50.200 --> 00:13:51.639 And I think that's the issue here. 274 00:13:52.200 --> 00:13:54.840 If you're going after something that is successful that is 275 00:13:54.879 --> 00:13:56.759 pegged to the dollar, I'm wondering if it is a 276 00:13:56.799 --> 00:13:59.519 way to get people to look at a you know, 277 00:13:59.559 --> 00:14:03.399 a pause alternative with the central bank digital currency being implemented, 278 00:14:03.480 --> 00:14:06.320 especially with FED now you know that came out over 279 00:14:06.360 --> 00:14:09.440 a year ago and they built the backbone for that 280 00:14:09.519 --> 00:14:10.759 in the settlement system. 281 00:14:11.039 --> 00:14:12.639 So that's a good question, David. 282 00:14:12.960 --> 00:14:15.159 I was wondering if you thought that maybe it was 283 00:14:15.600 --> 00:14:17.519 kind of what you're talking about there. Maybe it's a 284 00:14:17.559 --> 00:14:20.960 way of you know, pushing nudging people towards the CBDC 285 00:14:21.320 --> 00:14:23.960 because then they say, well, you know, it's a stable coin, 286 00:14:24.159 --> 00:14:26.720 it's tied to the dollar one to one and everything. 287 00:14:26.720 --> 00:14:29.120 And then of course Montana is going to be putting 288 00:14:29.120 --> 00:14:32.759 together a stable coin next year. But I don't think 289 00:14:32.759 --> 00:14:34.840 they're pegging it to the dollar. I think they're pegging 290 00:14:34.879 --> 00:14:36.000 it to gold. Is that correct? 291 00:14:37.039 --> 00:14:37.720 That's what I've heard. 292 00:14:39.559 --> 00:14:42.240 Pegging something to the dollar is not a great idea, 293 00:14:43.080 --> 00:14:45.440 but I mean, as far as like I mean, the 294 00:14:45.480 --> 00:14:48.399 dollar still is the world's reserve currency. But this is again, 295 00:14:48.440 --> 00:14:52.080 we're talking about dedollarization, and things are happening rapidly. I 296 00:14:52.080 --> 00:14:53.799 don't think you're going to wake up one day and 297 00:14:53.840 --> 00:14:55.639 the dollar's gone to zero or anything. You're gonna have 298 00:14:55.679 --> 00:14:57.879 plenty of time. But it's not something you know, if 299 00:14:57.879 --> 00:15:01.840 you you definitely don't save dollars, you definitely don't house 300 00:15:01.879 --> 00:15:03.039 your value in dollars. 301 00:15:03.039 --> 00:15:05.519 This is very much a transitory system. 302 00:15:05.559 --> 00:15:07.320 You want to get in and out, use it as 303 00:15:07.320 --> 00:15:09.960 a you know, a method of payment or something like that. 304 00:15:09.960 --> 00:15:14.039 That's what tether is supposed to be. But I asked 305 00:15:14.080 --> 00:15:15.759 the same quote. I see those kind of articles. I 306 00:15:15.799 --> 00:15:19.120 just wonder, are you just being psychologically softened because tether 307 00:15:19.200 --> 00:15:21.120 works as far as I know, I mean, I've heard 308 00:15:21.159 --> 00:15:24.000 nothing but good things on the use of tether and 309 00:15:24.039 --> 00:15:24.879 their financials. 310 00:15:25.159 --> 00:15:27.120 Yeah, I thought it was interesting. 311 00:15:28.480 --> 00:15:32.919 Sorry, I thought it was interesting about the headline, you know, oh, 312 00:15:32.960 --> 00:15:35.600 this is a shadow dollar and anything implying that it's 313 00:15:35.639 --> 00:15:38.360 like the dark web, implying that it can't be tracked, 314 00:15:38.480 --> 00:15:41.000 and yet buried into the article they say well, you know, 315 00:15:41.039 --> 00:15:43.320 they can track it on the blockchain, and of course 316 00:15:43.360 --> 00:15:45.360 all these things can be tracked except for an arrow 317 00:15:45.600 --> 00:15:48.600 and pirate coin, they can all be tracked on the blockchain. 318 00:15:49.000 --> 00:15:51.559 And so are they just kind of subtly putting that out. 319 00:15:51.600 --> 00:15:54.360 You know, that's you may want to look at these 320 00:15:54.720 --> 00:15:57.759 the digital dollars, and you you know, think that you 321 00:15:57.840 --> 00:15:59.759 can do this and nobody's going to see what you're 322 00:15:59.759 --> 00:16:02.519 doing or whatever. I just that's the field that I 323 00:16:02.559 --> 00:16:05.720 got from it. I don't know, Yeah, it's funny. 324 00:16:06.159 --> 00:16:08.480 Some of the last place you'd ever want to do, 325 00:16:08.559 --> 00:16:13.240 like a great deal of illicit activities in cryptocurrencies literally 326 00:16:13.399 --> 00:16:17.919 on an open source blockchain ledger. I've always thought that 327 00:16:18.200 --> 00:16:21.600 was just so silly that you have these and that's 328 00:16:21.639 --> 00:16:24.559 just kind of a group think deal that they put out, 329 00:16:24.600 --> 00:16:27.799 and it's just you know, especially after Silk Road, they 330 00:16:27.879 --> 00:16:30.519 look a look at all this is just elicit money 331 00:16:30.600 --> 00:16:34.720 laundering and sex trafficking and drugs, and it really is silly. 332 00:16:35.080 --> 00:16:37.679 It's it's permanent, it's on the block it's forever, and 333 00:16:37.720 --> 00:16:40.320 it's open source. So no, I don't I don't think 334 00:16:40.320 --> 00:16:44.039 that's a I don't think it's where criminals go it's 335 00:16:44.200 --> 00:16:49.000 criminals go to stacks of cash. Dictators and drugug cartels 336 00:16:49.039 --> 00:16:53.360 have palettes of US currency, so not you know, not 337 00:16:53.480 --> 00:16:55.200 hoarding bitcoin, not holding tether. 338 00:16:55.639 --> 00:16:57.960 Yeah, yeah, it is amazing. And you know, those have 339 00:16:57.960 --> 00:17:01.679 been their two big arguments. Oh well, it's it's illicit 340 00:17:01.720 --> 00:17:04.599 activity and it's using too much energy and it's going 341 00:17:04.599 --> 00:17:06.839 to burn up the planet and everything. Now they've got 342 00:17:06.839 --> 00:17:11.160 to pretend that's not the issue because of AI. They've 343 00:17:11.160 --> 00:17:13.880 never come up with anything this is energy intensive as AI. 344 00:17:13.960 --> 00:17:16.720 So that's blown that argument out of the water. And 345 00:17:17.319 --> 00:17:20.559 you know, the other thing is just really a charade. 346 00:17:20.599 --> 00:17:22.839 So I'm really kind of wondering, you know, how they're 347 00:17:22.839 --> 00:17:25.920 going to try to sell CBDC to people. You know, 348 00:17:26.000 --> 00:17:27.480 is it going to be something like they just did 349 00:17:27.480 --> 00:17:28.880 with this. It's like, oh, well, you know, look we 350 00:17:28.960 --> 00:17:31.559 have successful things with tether. A lot of people have 351 00:17:31.599 --> 00:17:34.119 talked about how they might use ethereum as the backbone 352 00:17:34.160 --> 00:17:36.079 to switch over to it or something. Who knows what 353 00:17:36.119 --> 00:17:37.599 they're going to do. We know they're going to push it. 354 00:17:38.200 --> 00:17:39.799 We just don't know how they're going to try to 355 00:17:39.920 --> 00:17:43.400 nudge us into it. Will it be an incentive? You know, 356 00:17:43.440 --> 00:17:45.480 will they try to bribe us or will they just 357 00:17:45.519 --> 00:17:47.559 beat us over the head with a you know, rubber 358 00:17:47.640 --> 00:17:49.680 mallet or something, you know to do it. 359 00:17:49.759 --> 00:17:52.839 You know, well, I definitely think it'll be because we haven't. 360 00:17:52.920 --> 00:17:56.119 It'll be an enemy, an external thing. It's an external 361 00:17:56.240 --> 00:17:59.200 that they did this. These other nations got together and 362 00:17:59.240 --> 00:18:02.039 there's it's kind of like, you know, shades of what 363 00:18:02.119 --> 00:18:04.279 Nixon talked about when he closed the gold window in 364 00:18:04.359 --> 00:18:07.640 nineteen seventy one. And you know, there's speculators and other 365 00:18:07.680 --> 00:18:09.559 things that are going after we have to keep our 366 00:18:10.000 --> 00:18:13.359 strong dollar and we're all in this together. One of 367 00:18:13.400 --> 00:18:15.279 the ways you can do this is, oh, and there's 368 00:18:15.519 --> 00:18:18.279 you know, there's so much fraud and I mean that's 369 00:18:18.680 --> 00:18:20.759 there's multiple ways they can do it. But it won't 370 00:18:21.160 --> 00:18:22.880 I don't think they It'll come in the guys if 371 00:18:22.920 --> 00:18:25.759 you have to do this, I think it'll be. We're 372 00:18:25.759 --> 00:18:28.079 in this together, and you know this is this is 373 00:18:28.079 --> 00:18:30.319 a way to save yourself. And you know this is 374 00:18:30.640 --> 00:18:32.680 there's free credits in here and all this stuff and 375 00:18:32.720 --> 00:18:35.119 you just get your biometrics typed to it. That's that's 376 00:18:35.160 --> 00:18:37.319 the way they'll do it. You know, there's just a 377 00:18:37.400 --> 00:18:39.880 war on cash. There's a war on things that exist 378 00:18:39.960 --> 00:18:43.319 in the real world. I mean I like digital currencies, 379 00:18:43.359 --> 00:18:47.160 I like I like bitcoin. I mean again, I've never 380 00:18:47.319 --> 00:18:49.839 shied away from that, but you know, you and I 381 00:18:50.119 --> 00:18:54.359 really our talks always go back to physical something that 382 00:18:54.440 --> 00:18:56.880 you know, real, like gold and silver. I mean, that's 383 00:18:56.920 --> 00:19:01.079 my first choice in this in this era, I definitely 384 00:19:01.079 --> 00:19:03.200 think I'm going to be in the physical domain. 385 00:19:04.119 --> 00:19:05.359 But that's the way they'll go. 386 00:19:05.720 --> 00:19:09.240 They'll go, they'll push, they'll push the you know this, 387 00:19:09.240 --> 00:19:11.440 this benefits all of you, it benefits us. 388 00:19:11.519 --> 00:19:14.079 Everything's we're all in this together, and there's an external enemy. 389 00:19:14.119 --> 00:19:16.559 They did this, and now we have to fight back 390 00:19:16.640 --> 00:19:20.480 and you know, band together, download your digital wallet, all 391 00:19:20.559 --> 00:19:21.160 that stuff. 392 00:19:21.440 --> 00:19:21.920 That's right. 393 00:19:22.079 --> 00:19:23.640 Yeah, yeah, COVID did. 394 00:19:23.519 --> 00:19:26.440 It to us, right, right, the invisible enemy. Yeah, the 395 00:19:26.480 --> 00:19:28.440 devil did it to us. All. Yeah. 396 00:19:28.640 --> 00:19:30.759 It's interesting how they're using Tether, you know, because there's 397 00:19:30.799 --> 00:19:33.599 that article from Wall Street Journal, and then you know, 398 00:19:33.680 --> 00:19:36.880 on coin Telegraph they've got an article about Tether. At 399 00:19:36.880 --> 00:19:38.200 the same time, all of a sudden, we're seeing a 400 00:19:38.200 --> 00:19:41.039 bunch of stuff from tether who he says that bitcoin 401 00:19:41.400 --> 00:19:46.200