WEBVTT 1 00:00:07.120 --> 00:00:09.839 I mean now is Tony Ardeburn of Wise Wolf Gold 2 00:00:09.839 --> 00:00:11.359 and you go to David Knight dot Gold if you'd 3 00:00:11.400 --> 00:00:14.800 like to start accumulating some gold and silver or gold 4 00:00:14.960 --> 00:00:18.000 or silver. You can do both or one or the other. 5 00:00:18.120 --> 00:00:20.559 Tony has many different options available. Thank you for joining 6 00:00:20.600 --> 00:00:21.600 us today, Tony. 7 00:00:22.519 --> 00:00:23.839 That's great to be back. Good to see you. 8 00:00:23.839 --> 00:00:25.359 True, it's always a pleasure, and I want to let 9 00:00:25.359 --> 00:00:28.399 the audience know that Tony will be hosting the show tomorrow. 10 00:00:28.440 --> 00:00:31.519 We are going to start our reconstruction first, our destruction 11 00:00:31.600 --> 00:00:36.520 and reconstruction of the studio. So Tony has graciously volunteered 12 00:00:36.679 --> 00:00:38.960 to take over the show so that we can have 13 00:00:39.200 --> 00:00:42.759 an extra day to work on that. Really do appreciate that. 14 00:00:42.880 --> 00:00:44.960 On wise this would be it's already going to be 15 00:00:44.960 --> 00:00:48.520 a monumental task, but hopefully the extra day will buy 16 00:00:48.640 --> 00:00:51.039 us the time we need. But yes, you can look 17 00:00:51.079 --> 00:00:53.479 forward to Tony Ardeburn hosting the David Night Show tomorrow, 18 00:00:53.520 --> 00:00:56.119 so tune in for that. I want to what's foremost 19 00:00:56.159 --> 00:00:58.000 on your mind to start, Tony, what would you like 20 00:00:58.119 --> 00:00:59.960 to start with? Get your assessment? 21 00:01:02.200 --> 00:01:05.079 Just the research. Lately on the we talked off air 22 00:01:05.120 --> 00:01:07.920 about the increase and the money supply, and you see 23 00:01:07.920 --> 00:01:11.280 that the President Trump really pushing right now, even with 24 00:01:11.680 --> 00:01:17.239 threatening a lawsuit. It's tombout unprecedented waters. I think that's 25 00:01:17.280 --> 00:01:21.079 also a big tell on how the system works, that 26 00:01:21.120 --> 00:01:23.319 the President of the United States is like threatening a 27 00:01:23.400 --> 00:01:27.400 lawsuit again, better reserve chair and not just replace them 28 00:01:27.560 --> 00:01:29.280 because it didn't have the power to do that. I 29 00:01:29.280 --> 00:01:34.319 mean technically, I think I think the the push to 30 00:01:34.400 --> 00:01:38.799 increase the money supply to create a weaker dollar for 31 00:01:38.920 --> 00:01:42.439 the illusion really of economic strength, and that's that's what 32 00:01:42.480 --> 00:01:46.359 they wanted, that sugar high of you know, liquidity and 33 00:01:47.439 --> 00:01:50.959 currency being pumped into the system, which does create a 34 00:01:51.040 --> 00:01:54.200 temporary boon. But then we have the same problems that 35 00:01:54.200 --> 00:01:57.079 we always have. We have inflation, run away inflation, you 36 00:01:57.200 --> 00:02:00.920 have economic downturns, you have bubbles, you have you know, 37 00:02:01.040 --> 00:02:03.840 decline and prosperity and all the stuff that comes with 38 00:02:04.319 --> 00:02:08.280 a bust after a boom. So I'm looking at the 39 00:02:08.319 --> 00:02:12.000 big picture still, I mean, that's my wheelhouse and where 40 00:02:12.039 --> 00:02:16.400 I go to. And you look at the response from India, Travis, 41 00:02:16.400 --> 00:02:20.039 You look at what they're doing right now because of 42 00:02:20.080 --> 00:02:23.599 the tariffs that were placed on them, and even the 43 00:02:23.639 --> 00:02:27.000 thread of other economic sanctions with their ties to China, 44 00:02:27.039 --> 00:02:30.639 they're moving closer to China. So Bricks is it's like 45 00:02:30.680 --> 00:02:35.120 almost a self fulfilling prophecy. We've done nothing to invite 46 00:02:35.120 --> 00:02:38.599 the world to do business with us, done nothing. We're 47 00:02:38.599 --> 00:02:43.039 actually pushing people away. This is the most isolationist policy 48 00:02:43.080 --> 00:02:45.159 I've ever seen. And by the way, I mean I've 49 00:02:45.159 --> 00:02:47.319 talked about this many times with your dad and you. 50 00:02:48.080 --> 00:02:52.000 I'm an economic nationalist. I want tariffs, I love that, 51 00:02:52.719 --> 00:02:56.080 but we're not playing that game. We're playing something totally different. 52 00:02:56.360 --> 00:02:58.080 And I just like to be clear for the record, 53 00:02:58.159 --> 00:03:01.199 I might even have to abandon than what I used 54 00:03:01.240 --> 00:03:05.639 to believe about economic nationalism and policy because it's clearly 55 00:03:05.840 --> 00:03:10.280 this is some fun house mirror version of that. So 56 00:03:10.319 --> 00:03:16.479 you have these threats of tariffs and ricks Slowly, actually 57 00:03:16.479 --> 00:03:22.000 not slowly, that's probably an incorrect description. Rix is growing 58 00:03:22.719 --> 00:03:27.800 and they're solidifying their economic ties. You're talking about what's 59 00:03:27.840 --> 00:03:33.280 the population population of India and China together? What is 60 00:03:33.280 --> 00:03:37.960 that abo almost half of humanity getting together. You add 61 00:03:38.159 --> 00:03:41.960 the other Bricks nations into that, and the dedollarization and 62 00:03:42.000 --> 00:03:44.680 the payment systems that they're creating, and it's just spells 63 00:03:44.719 --> 00:03:49.560 disaster for US economic policy. We're doing nothing to stop 64 00:03:49.599 --> 00:03:57.039 that and everything to increase. I think the search for 65 00:03:57.240 --> 00:04:02.639 things like commodities rare with minerals, gold and finite items commodities. 66 00:04:03.680 --> 00:04:07.719 Yeah, the uh. I've said it before, But the time 67 00:04:07.759 --> 00:04:10.199 of America being able to just swagger into the room 68 00:04:10.240 --> 00:04:12.520 and say this is how it's gonna be, this is 69 00:04:12.520 --> 00:04:14.759 how we're doing things. You're gonna do what we say 70 00:04:14.840 --> 00:04:18.600 or else are done. There's other world powers out there 71 00:04:18.639 --> 00:04:22.759 that have economies of scale that can be interacted with. 72 00:04:23.079 --> 00:04:26.319 They don't no longer have to bow and scrape before America. 73 00:04:27.199 --> 00:04:29.399 They can interact with each other and not have to 74 00:04:29.439 --> 00:04:33.279 worry about dealing with our belligerent foreign policy. It's like, 75 00:04:33.279 --> 00:04:34.959 all right, well, if you're gonna play that game, we'll 76 00:04:34.959 --> 00:04:39.519 simply choose not to play. And Donald Trump doesn't seem 77 00:04:39.560 --> 00:04:42.959 to realize that he you know, if he was the president, 78 00:04:43.000 --> 00:04:45.680 you know, say fifty sixty years ago or maybe a 79 00:04:45.720 --> 00:04:47.800 little bit longer, when America's at the height of its 80 00:04:47.839 --> 00:04:50.720 economic power, but he could probably get away with this 81 00:04:50.800 --> 00:04:52.560 kind of thing. People go like, all right, yeah, it sucks, 82 00:04:52.600 --> 00:04:54.920 but what are you gonna do. It's America. But those 83 00:04:55.000 --> 00:04:58.600 days are gone. And as you said, bricks is you know, 84 00:04:58.759 --> 00:05:04.680 they're growing stronger, they're solidifying their relationships, and as you 85 00:05:04.720 --> 00:05:08.240 pointed out, we're simply driving them further and further away. 86 00:05:08.959 --> 00:05:11.360 Got a comment here from KWD sixty eight says silver 87 00:05:11.399 --> 00:05:13.319 and gold both are up about two and a half 88 00:05:13.360 --> 00:05:16.839 times in the last ten years. People talk about silver underperforming, 89 00:05:16.879 --> 00:05:19.240 but it has gained. It's a hedge and something to hold. 90 00:05:19.560 --> 00:05:22.600 And of course I know you're big on silver, and 91 00:05:22.959 --> 00:05:26.360 I like silver as well. When I have extra cash, 92 00:05:26.480 --> 00:05:30.319 if I ever do, I need to start accumulating more 93 00:05:30.360 --> 00:05:33.800 of it. But it's just it's a good store and 94 00:05:34.759 --> 00:05:37.959 it hasn't run away like gold has. Gold is definitely 95 00:05:38.000 --> 00:05:41.160 one of those things where it's hard to accumulate for 96 00:05:41.199 --> 00:05:44.600 the average person. You of course offer the you know, 97 00:05:44.879 --> 00:05:48.680 very small grams and things of it, but even that 98 00:05:48.759 --> 00:05:52.480 I assume is you know, getting more expensive and probably 99 00:05:52.480 --> 00:05:53.240 harder to source. 100 00:05:55.160 --> 00:05:58.639 Oh. Absolutely, the Combe bars, you know, the one hundred 101 00:05:58.639 --> 00:06:00.720 grand bars that come in a pack. We're able to 102 00:06:00.720 --> 00:06:03.879 break that off and save people a little bit of premium. 103 00:06:04.120 --> 00:06:06.959 Those are harder and harder to source. And it is 104 00:06:06.959 --> 00:06:09.879 interesting you know that the fractional gold is being swallowed 105 00:06:10.000 --> 00:06:14.639 up right now and silver as you mentioned earlier, and 106 00:06:14.759 --> 00:06:17.560 that for the average person, just getting a little bit 107 00:06:17.600 --> 00:06:20.160 of silver is pretty easy. You know, you can still 108 00:06:20.199 --> 00:06:21.879 do that the price and I think this is a 109 00:06:21.879 --> 00:06:24.839 blessing in disguise. A lot of people get frustrated with 110 00:06:24.879 --> 00:06:27.519 the price of silver because it never did this, you know, 111 00:06:27.680 --> 00:06:30.759 parabolic take you know, up into the right price, go 112 00:06:30.920 --> 00:06:34.680 up forever, number go up. It hasn't done that, and 113 00:06:34.920 --> 00:06:38.920 I think that's for accumulation reasons. That's a lot of 114 00:06:38.920 --> 00:06:42.000 the big banks, you know, JP Morgan obviously the largest 115 00:06:42.000 --> 00:06:46.639 holder physical hold of silver in the world private they've 116 00:06:46.920 --> 00:06:50.360 been convicted of suppressing the Fronce something they like to accumulate. 117 00:06:50.439 --> 00:06:53.160 They suppress the price they hold it. But I think 118 00:06:53.199 --> 00:06:56.319 that game has changed Travis with silver, and you can 119 00:06:56.360 --> 00:06:59.480 see that with with Russia adding it as a strategic 120 00:06:59.519 --> 00:07:02.680 reserve st I think that is probably one of the 121 00:07:02.839 --> 00:07:07.879 most important stories on silver in the last fifty years. 122 00:07:09.040 --> 00:07:11.160 I think this will be a bigger story than the 123 00:07:11.240 --> 00:07:14.399 Hunt family in the nineteen seventies. I think just that 124 00:07:15.000 --> 00:07:18.360 Russia leading the way and again Russia's relation to bricks 125 00:07:20.240 --> 00:07:25.160 the entire chessboard economically, if I look at it it's 126 00:07:25.160 --> 00:07:28.040 a race for rare minerals. It's a race for commodities. 127 00:07:28.519 --> 00:07:32.199 The era of FIAT and we're about tomorrow is Hey, 128 00:07:32.199 --> 00:07:34.759 it's fortuitous because I get to host on the anniversary 129 00:07:34.800 --> 00:07:38.600 of Nixon taking us off the gold standard nineteen seventy one, 130 00:07:38.720 --> 00:07:42.600 August fifteenth. Since that time, August fifteenth, nineteen seventy one, 131 00:07:42.600 --> 00:07:46.279 we've been in a real time experiment. And that experiment's 132 00:07:46.319 --> 00:07:48.120 coming to a close. It doesn't mean that they won't 133 00:07:48.199 --> 00:07:51.959 use FIAT necessarily, but it's going to go to a digitized, 134 00:07:52.000 --> 00:07:55.160 tokenized system, as we were seeing through the Genius Act 135 00:07:55.199 --> 00:07:58.199 and stable coins and the things like that. But as 136 00:07:58.240 --> 00:08:03.199 far as just the standard, you know, canesyan model of 137 00:08:03.360 --> 00:08:07.160 increase the money supply, you know, and inflate the bubble. 138 00:08:07.639 --> 00:08:10.160 We just hit thirty seven trillion dollars in debt yesterday, 139 00:08:10.199 --> 00:08:11.879 as a matter of fact, I mean it was that's 140 00:08:11.920 --> 00:08:16.240 a milestone. That doesn't even count the unfunded liability. So 141 00:08:16.800 --> 00:08:20.480 the United States is bankrupt on paper, it's bankrupt. It's 142 00:08:20.519 --> 00:08:24.639 bankrupt foreign policy as a bankrupt economic policy. And we 143 00:08:25.079 --> 00:08:27.759 know that, I mean, anybody. They don't talk about it 144 00:08:27.759 --> 00:08:30.360 anymore because you can't do anything about it I mean 145 00:08:30.439 --> 00:08:33.360 used to. I mean there was a time perhaps you know, 146 00:08:33.399 --> 00:08:35.960 in a quaint time in the mid nineties, when you 147 00:08:36.000 --> 00:08:38.799 could see that, oh, we have a we have a resolution, 148 00:08:39.000 --> 00:08:41.480 and there's a contract for America and all this stuff, 149 00:08:41.480 --> 00:08:43.840 and then you got the debt clock stops and there's 150 00:08:43.840 --> 00:08:46.879 a surplus. Remember that they actually had this thing, They 151 00:08:46.919 --> 00:08:50.559 had a surplus. It sounds silly now, but that the 152 00:08:50.600 --> 00:08:53.080 debt was around four trillion, you know, three and a 153 00:08:53.120 --> 00:08:55.679 half four trillion at that time, and then now it's 154 00:08:55.759 --> 00:08:59.559 thirty seven trillion. So you know, the wheels are off 155 00:08:59.559 --> 00:09:02.559 on that. There's a lot of change on the horizon. 156 00:09:02.679 --> 00:09:05.720 And if you see, you know, like the central banks, 157 00:09:05.720 --> 00:09:11.039 they're not going and buying up stocks and accumulating other currencies, 158 00:09:11.600 --> 00:09:17.840 as we've seen with the supplanting of the euro. You know, 159 00:09:17.919 --> 00:09:19.799 the euro used to be usuld be the dollar and 160 00:09:19.840 --> 00:09:22.639 then the euro as far as what was held by 161 00:09:22.679 --> 00:09:25.039 central banks and reserve assets. Now it's the dollar and 162 00:09:25.120 --> 00:09:28.840 then gold. Okay, So it's because the dollar is easy 163 00:09:28.879 --> 00:09:31.799 to trade. It's still that, you know, it's a somewhat 164 00:09:31.840 --> 00:09:37.080 stable currency system, but that's being replaced and we're accelerating 165 00:09:37.120 --> 00:09:39.440 the policies of this country are accelerating that. So I 166 00:09:39.440 --> 00:09:43.480 think the big story here is the race towards commodities, 167 00:09:44.200 --> 00:09:48.320 the abandoning of the Fiat system post nineteen seventy one, 168 00:09:48.360 --> 00:09:51.120 and the great reset, which is they tell you they're 169 00:09:51.120 --> 00:09:52.879 going to do it and we're right in the middle 170 00:09:52.919 --> 00:09:53.159 of it. 171 00:09:53.679 --> 00:09:53.960 Yeah. 172 00:09:54.080 --> 00:09:57.519 Earlier in the show, we were talking about some articles saying, yo, old, 173 00:09:58.039 --> 00:10:01.000 older Americans are deciding that buying a home just you know, 174 00:10:01.080 --> 00:10:04.159 simply doesn't fit their budget anymore. They're deciding they think 175 00:10:04.200 --> 00:10:06.120 they'd rather rent, just like. Yeah, I wonder why that is. 176 00:10:06.120 --> 00:10:07.840 Could it be because they've been priced out of it? 177 00:10:07.879 --> 00:10:10.080 Could it be because inflation has gone through the roof 178 00:10:10.080 --> 00:10:13.240 and the cost of everything has you know, doubled or 179 00:10:13.240 --> 00:10:16.360 tripled over the years. Now they're painting it as oh, 180 00:10:16.399 --> 00:10:20.000 they just decided you'll own nothing and you'll be happy. 181 00:10:20.240 --> 00:10:23.840 But people aren't happy yet. I haven't worked that part 182 00:10:23.879 --> 00:10:26.200 out yet. They're working towards the own nothing, they seem 183 00:10:26.240 --> 00:10:28.039 to be really good at that. It's the happiness thing 184 00:10:28.080 --> 00:10:29.039 they're struggling with. 185 00:10:30.879 --> 00:10:34.240 Well that you saw the you know, black rock, especially 186 00:10:34.320 --> 00:10:37.679 after COVID nineteen eighty four and the big liquidity push 187 00:10:37.759 --> 00:10:39.679 that came in after that, and you know, everybody was 188 00:10:39.720 --> 00:10:43.039 locked down, you're not essential, and they came in and 189 00:10:43.080 --> 00:10:46.240 started buying giant swaths of houses. They're using all that 190 00:10:46.519 --> 00:10:49.720 all those funds that were pumped into the system to 191 00:10:49.799 --> 00:10:52.000 buy up the real estate, and of course it continued 192 00:10:52.039 --> 00:10:54.639 to artificially keep the prices high, so we didn't have 193 00:10:54.679 --> 00:10:57.799 a housing correction or natural housing cycles. And the reason 194 00:10:57.840 --> 00:11:00.879 that housing prices are the way they are is because 195 00:11:00.879 --> 00:11:04.080 of the loss of purchasing power in the dollar. And 196 00:11:04.159 --> 00:11:06.279 I think at the end of the day, it's it 197 00:11:06.399 --> 00:11:09.240 is a bubble. You know, there's only so many houses, 198 00:11:09.279 --> 00:11:12.600 there's only so much real estate, and you know, you 199 00:11:12.679 --> 00:11:15.759 place that value and then every time you create a 200 00:11:15.799 --> 00:11:19.200 home loan Travis, it creates currency. It's not like they're 201 00:11:19.240 --> 00:11:21.200 take it from a reserve. It's like, okay, well we've 202 00:11:21.200 --> 00:11:23.279 got so much in the deposits, so we're gonna lend 203 00:11:23.360 --> 00:11:25.200 you this and then you can buy this house. That's 204 00:11:25.200 --> 00:11:28.559 not how that works, create new currency. So every time 205 00:11:28.559 --> 00:11:31.720 that that inflates the bubble that we're on that system 206 00:11:31.799 --> 00:11:34.840 right now, and that is I think people are smart 207 00:11:34.919 --> 00:11:39.159 right now to be skeptical about getting into the housing market. 208 00:11:39.320 --> 00:11:42.120 I've I've been doing. I've I have the ability to 209 00:11:42.120 --> 00:11:45.840 do a Vielaw and I just kind of sit back 210 00:11:45.840 --> 00:11:48.919 and could do it, but I just don't, and I'm wondering, 211 00:11:49.600 --> 00:11:51.720 I don't know if I see the advantage of getting in. 212 00:11:51.840 --> 00:11:55.200 It's like that prices are too high, you know, I don't. 213 00:11:55.240 --> 00:11:57.639 I don't. I don't look at it as an advantage. 214 00:11:58.159 --> 00:12:00.000 And you know, you can argue about whether a home 215 00:12:00.000 --> 00:12:02.200 homes an asset or not. But that's where a lot 216 00:12:02.320 --> 00:12:07.360 of you know, people have been able to park their 217 00:12:08.519 --> 00:12:11.320 energy and their savings into the equity of their home 218 00:12:11.360 --> 00:12:14.679 in the past, and we're seeing that system come apart. 219 00:12:14.879 --> 00:12:18.039 It becomes easier. I read an article a few weeks 220 00:12:18.039 --> 00:12:22.559 ago on my show from Bitcoin Magazine and they were saying, 221 00:12:22.600 --> 00:12:26.879 the younger people are just looking at digital assets and 222 00:12:27.000 --> 00:12:29.759 digital territory in real estate. And you could say the 223 00:12:29.759 --> 00:12:32.840 same thing for you know, if you can't, if you're 224 00:12:32.840 --> 00:12:35.320 not able to get into a house, you've got to 225 00:12:35.360 --> 00:12:37.840 have somewhere to house and you know, your savings and 226 00:12:37.879 --> 00:12:40.039 other things, so that would be you know, physical gold 227 00:12:40.080 --> 00:12:42.519 and silver would be another way to do that, you know, 228 00:12:42.639 --> 00:12:46.600 physical assets that I think that's going to be a 229 00:12:46.639 --> 00:12:49.080 big wave of the future when people are continue to 230 00:12:49.120 --> 00:12:51.919 be priced out of these out of houses, and I 231 00:12:51.960 --> 00:12:54.279 do think we'll have a correction, but even still, it's 232 00:12:55.039 --> 00:12:56.559 it's going to be I think, out of reach for 233 00:12:56.600 --> 00:12:58.840 a lot of people, and the economic strategies because of 234 00:12:58.879 --> 00:12:59.919 the jobs that aren't there. 235 00:13:00.120 --> 00:13:03.879 Yeah, the economy is not the same as it was. 236 00:13:04.480 --> 00:13:05.720 You know, there used to be a time where you 237 00:13:05.759 --> 00:13:09.320 could you could get a factory job and support an 238 00:13:09.440 --> 00:13:12.279 entire family on one income working at a factory, and 239 00:13:12.799 --> 00:13:16.799 those days are generally long gone. You basically need a 240 00:13:16.840 --> 00:13:21.720 two person household, two people working to support a singular child. 241 00:13:21.799 --> 00:13:25.200 If you have more than one child, it becomes a 242 00:13:25.200 --> 00:13:28.679 bit of a stretch. We've got Epstein Island and Chat 243 00:13:29.039 --> 00:13:32.000 says silver is thirty eight dollars and three cents today, 244 00:13:32.720 --> 00:13:35.519 And Steve Evs would like to know what should silver 245 00:13:35.679 --> 00:13:38.320 be at if they weren't suppressing things, if they weren't 246 00:13:38.320 --> 00:13:41.679 holding it down, What do you think silver would be at. 247 00:13:44.279 --> 00:13:46.840 I think that we see a minimum of one hundred 248 00:13:46.879 --> 00:13:52.799 dollars now, I think the true valuation of silver. And 249 00:13:52.879 --> 00:13:55.320 it is kind of a silly thing to look at too. 250 00:13:55.399 --> 00:13:58.759 When you look at the charts of wealth and the 251 00:13:58.799 --> 00:14:00.960 so called wealth in the world, and you have these 252 00:14:01.000 --> 00:14:03.399 big blocks of you know, hundreds of trillions, and it's 253 00:14:03.399 --> 00:14:06.159 like a five hundred trillion dollar economy or something like that, 254 00:14:06.200 --> 00:14:09.759 with sovereign weals, funds and currencies and stock markets. And 255 00:14:09.799 --> 00:14:14.600 then silver has a one point seven trillion dollar market 256 00:14:14.639 --> 00:14:17.840 cap out of hundreds of trillions. And you know, silver 257 00:14:18.080 --> 00:14:21.759 was always considered a monetary metal throughout human history, but 258 00:14:21.840 --> 00:14:25.720 it's only you know again one point seven trillion or 259 00:14:25.759 --> 00:14:28.559 whatever it is against the hundreds of trillions that are 260 00:14:29.399 --> 00:14:32.759 supposedly you know, assets in the world. I don't buy that. 261 00:14:33.559 --> 00:14:37.240 It's a two hundred million ounce plus deficit a year 262 00:14:37.919 --> 00:14:41.960 on silver. So like everything that's demanded from the mining 263 00:14:42.039 --> 00:14:45.120 and production they have to take from the above ground supply, 264 00:14:45.240 --> 00:14:48.559 it's two hundred million plus ounces a year, and that's 265 00:14:48.639 --> 00:14:51.919 just only increasing. And I think that so that the 266 00:14:51.960 --> 00:14:55.120 true price was a minimum one hundred and then if 267 00:14:55.120 --> 00:14:57.799 you look at you know, you just take the gold 268 00:14:57.840 --> 00:15:02.679 price and divide by sixteen, you know, so whatever that is, 269 00:15:03.159 --> 00:15:05.759 whatever that is today, it's like, you know, thirty, let's 270 00:15:05.759 --> 00:15:08.000 see what the spot price is right now. A spot 271 00:15:08.039 --> 00:15:10.600 price that, as according to gold price don work, is 272 00:15:11.120 --> 00:15:14.960 thirty three forty five on gold, So should we should 273 00:15:15.000 --> 00:15:18.159 we do the math, Travis, we do a sixteen to 274 00:15:18.200 --> 00:15:20.759 one ratio and see if we can make that in 275 00:15:20.840 --> 00:15:23.559 real time. See if I can pull it off. Let's 276 00:15:23.559 --> 00:15:27.080 see it's thirty three forty and we divide that by sixteen. 277 00:15:28.279 --> 00:15:31.360 That puts if we if we're going by the metrics 278 00:15:31.399 --> 00:15:34.200 by the founding fathers of the United States of America 279 00:15:34.240 --> 00:15:36.519 and some of the smartest men ever live to put 280 00:15:36.519 --> 00:15:41.000 an economic system together, h silver was sixteen to one, 281 00:15:42.360 --> 00:15:44.039 So that makes it two hundred and eight dollars. 282 00:15:45.159 --> 00:15:48.919 Yeah, we actually had KWD sixty eight in chat said 283 00:15:49.080 --> 00:15:51.519 before you even did that. Some argue that since silver's 284 00:15:51.519 --> 00:15:53.759 mind at a ratio about sixteen to one over gold, 285 00:15:53.759 --> 00:15:56.240 that the price should reflect That says there's a lot 286 00:15:56.279 --> 00:15:59.320 going on with paper contracts and manipulation. In my opinion, 287 00:15:59.840 --> 00:16:03.200 so that makes sense to me. 288 00:16:03.559 --> 00:16:09.440 Not only that, not only that it's geologically Travis is 289 00:16:09.480 --> 00:16:16.200 geologically seventeen. Supposedly, this ratio makes no sense unless you're 290 00:16:16.240 --> 00:16:20.559 talking about a systemic manipulation or accumulating. I think this 291 00:16:20.600 --> 00:16:24.559 is one of the reasons if you want to speculate 292 00:16:24.679 --> 00:16:26.879 on why what happened to the hot family in the 293 00:16:26.960 --> 00:16:29.360 nineteen seventies. They were able to drive silver to fifty 294 00:16:29.399 --> 00:16:32.320 two dollars and fifty cents an ounce in nineteen eighty, 295 00:16:33.240 --> 00:16:36.159 which again that'd be about two hundred and eight dollars today, 296 00:16:36.600 --> 00:16:41.960 something like that. Maybe more. They were punished, they were 297 00:16:42.039 --> 00:16:48.559 deep stated, they were you know, their fortune was smashed 298 00:16:48.639 --> 00:16:52.159 by the oligarchs and the ruling class because they exposed something. 299 00:16:52.159 --> 00:16:55.600 In my opinion, they exposed something that was terribly wrong 300 00:16:55.639 --> 00:16:58.879 with the dollar. Most people didn't understand because we weren't 301 00:16:58.879 --> 00:17:01.600 even allowed to own golf past nineteen thirty three. That 302 00:17:01.759 --> 00:17:04.359 wasn't you know, the gold coins had come out of circulation. 303 00:17:05.039 --> 00:17:07.359 We still had the silver dollars until, you know, running 304 00:17:07.400 --> 00:17:10.480 through the system until about nineteen sixty five, and people 305 00:17:10.519 --> 00:17:12.680 started taking a notice of that and said, oh, you know, 306 00:17:12.839 --> 00:17:14.920 I'm going to save these and they went, you know, 307 00:17:14.960 --> 00:17:17.960 it's Gresham's law when bad money enters the system and 308 00:17:18.000 --> 00:17:21.759 good money goes into hiding. And I think at that time, 309 00:17:22.519 --> 00:17:28.119 when we see you know, the departure from you know, 310 00:17:28.200 --> 00:17:30.680 having any sort of basis of your currency and then 311 00:17:30.720 --> 00:17:33.440 Nixon taking us off the gold standard, people were kind 312 00:17:33.440 --> 00:17:37.240 of sleep walking into that and then it's inflation kicked in, 313 00:17:37.279 --> 00:17:39.000 and you had the oil embargos and then all the 314 00:17:39.039 --> 00:17:40.720 rest of that. And by the time you know, the 315 00:17:40.920 --> 00:17:43.359 end of the nineteen seventies, and I'm sure your dad 316 00:17:43.400 --> 00:17:46.160 remembers this, well, you had Jimmy Carter and they had 317 00:17:46.400 --> 00:17:50.160 terms malaise and all this stuff. People were looking around, 318 00:17:50.160 --> 00:17:51.880 well what is wrong? And then silver is hitting the 319 00:17:51.920 --> 00:17:54.440 fifty two dollars. You know, it used to be a dollar. 320 00:17:54.960 --> 00:17:57.559 You know, it used to be or even actually you know, 321 00:17:57.960 --> 00:18:02.640 announce wasn't necessarily a dollar because every bit of three 322 00:18:03.240 --> 00:18:07.799 nineteen sixty five US currency travels, whether it's ten dimes, 323 00:18:07.839 --> 00:18:11.319 whether it's four quarters or a half dollar, or two 324 00:18:11.319 --> 00:18:13.440 half dollars and a dollar, it all has the same 325 00:18:13.480 --> 00:18:16.359 amount of silver. So two half dollars and one dollar, 326 00:18:16.519 --> 00:18:18.960 same thing, ten dimes, same amount of silver. It's point 327 00:18:19.000 --> 00:18:22.839 seventy three five ounces, So that wasn't even an ounce 328 00:18:22.880 --> 00:18:26.720 of silver, right well for a dollar. So I think 329 00:18:26.720 --> 00:18:31.759 at the end of the day, this is the historical 330 00:18:32.359 --> 00:18:35.359 trend that we're in right now. There's a I think 331 00:18:35.400 --> 00:18:42.319 a need for people to understand the economic and monetary system, 332 00:18:42.359 --> 00:18:44.680 and I think they're waking up to that there's a 333 00:18:44.680 --> 00:18:46.319 lot of I mean, because of what happened with the 334 00:18:46.400 --> 00:18:49.960 runaway inflation post twenty twenty and the lockdowns and the 335 00:18:50.039 --> 00:18:53.480 liquidity injections. I think with the emergence of bricks and 336 00:18:53.519 --> 00:18:56.519 everything else that goes along with that, there is a 337 00:18:56.599 --> 00:19:00.559 rise in consciousness on what money is. I can find, 338 00:19:01.079 --> 00:19:03.599 I mean numerous new podcasts and things that are going 339 00:19:03.599 --> 00:19:07.440 on that weren't around five years ago, drafts that talk 340 00:19:07.519 --> 00:19:11.880 about things like bitcoin, gold, you know, other monetary issues 341 00:19:11.920 --> 00:19:15.400 that weren't there. Just the question of money itself is 342 00:19:15.400 --> 00:19:19.839 a much bigger, I think, mainstay in people's minds. Now. 343 00:19:20.559 --> 00:19:23.440 Yeah, there's a general sense of unease about the economy. 344 00:19:23.799 --> 00:19:27.319 People have this sense that things just aren't right. The 345 00:19:27.400 --> 00:19:30.480 dollar's not safe like it used to be. We have 346 00:19:31.200 --> 00:19:35.480 Shelley A says. The Brick's website twenty twenty five reads 347 00:19:35.480 --> 00:19:40.359 like the un sustainable development goals. H The Bricks aren't 348 00:19:40.400 --> 00:19:43.799 necessarily a group of good guys. You know, just because 349 00:19:44.279 --> 00:19:47.599 they're not playing along with America's bligerency doesn't mean they're 350 00:19:47.680 --> 00:19:51.519 good guys themselves. It's a I don't think there's really 351 00:19:51.559 --> 00:19:54.839 any good players on the world stage at that level. 352 00:19:55.480 --> 00:19:56.599 I think as a general rule. 353 00:19:58.200 --> 00:20:01.519 For the record, I'm not rooting for britt I'm not 354 00:20:01.640 --> 00:20:04.720 rooting for any of these other nations. I love my country, 355 00:20:04.759 --> 00:20:07.400 but I I have to call out what I think 356 00:20:07.480 --> 00:20:10.880 is absolute stupidity. If we wanted to get this nation 357 00:20:11.240 --> 00:20:17.559 really booming and having you know, economic prosperity, we would 358 00:20:17.640 --> 00:20:21.799 have other policies, we would be intent advising. You know, 359 00:20:21.920 --> 00:20:23.799 we haven't done that in a long You you can 360 00:20:23.839 --> 00:20:26.480 tell the game is rigged because if you really wanted 361 00:20:26.480 --> 00:20:29.559 to make the United States lead the world and everything, 362 00:20:29.559 --> 00:20:31.920 you just do away with the income tex just do 363 00:20:32.000 --> 00:20:34.400 away with it. You know, you could just abolish that 364 00:20:34.680 --> 00:20:37.960 and then you know, no corporate income tax, no individual 365 00:20:38.039 --> 00:20:41.640 income tax. You could argue that then there's no need 366 00:20:41.680 --> 00:20:44.599 for terraces because people just move here and build here 367 00:20:44.759 --> 00:20:50.160 in the in this in this climate. Geopolitically, you know, 368 00:20:50.240 --> 00:20:53.519 other massive investment would pour in, infrastructure would pour in. 369 00:20:54.119 --> 00:20:56.119 But we don't do that. And that's for a reason. 370 00:20:56.160 --> 00:20:57.920 And your dad's talked about this. You know you have 371 00:20:59.720 --> 00:21:02.279 because you have to have a graduated income text because 372 00:21:02.319 --> 00:21:04.480 Karl Marx said so, and that's what you know. The 373 00:21:04.480 --> 00:21:08.279 World Economic Forum or Davos make sure that you sign 374 00:21:08.319 --> 00:21:10.599 on to that, and I think there's certain you know, 375 00:21:10.680 --> 00:21:14.440 treaties and you know understanding that we got to have 376 00:21:14.599 --> 00:21:16.640 this no matter what, we got to have some sort 377 00:21:16.680 --> 00:21:21.000 of graduated income tax to make sure that people can't 378 00:21:21.480 --> 00:21:28.440 ever get out of their economic you know, pre subscribed places. 379 00:21:28.720 --> 00:21:31.799 Yeah, we have a comment here. Angry Tiger's Den says 380 00:21:31.839 --> 00:21:34.680 tariffs are sanctions in the American people, sanctions are an 381 00:21:34.720 --> 00:21:37.160 act of war, and that goes in what you're talking about. 382 00:21:37.319 --> 00:21:40.680 Just again, these countries just like, well, if you're going 383 00:21:40.759 --> 00:21:44.279 to do this, we're not going to play anymore. And 384 00:21:44.359 --> 00:21:49.119 like you pointed out, when they were talking about sanctions, 385 00:21:49.119 --> 00:21:51.599 to the beginning, Trump was pulled, you know, pushing that 386 00:21:51.680 --> 00:21:55.079 idea around. Oh yo, and some of his base were saying, 387 00:21:55.119 --> 00:21:57.000 we're gonna he's going to get rid of the income tax. 388 00:21:57.039 --> 00:21:57.720 He's going to do it. 389 00:21:58.200 --> 00:22:00.799 He's going to do it completely ignore the fact that 390 00:22:01.119 --> 00:22:03.160 you just said, well, we'll make some of these tax 391 00:22:03.200 --> 00:22:06.480 cuts permanent, Like, well, you don't need a permanent tax cut. 392 00:22:06.599 --> 00:22:09.720 The entire thing is going away now, do you. And 393 00:22:09.759 --> 00:22:12.519 you still see people online talking about how Trump is 394 00:22:12.519 --> 00:22:15.799 going to dismantle the I R S totally and it's 395 00:22:15.839 --> 00:22:19.519 just that they're incapable of connecting the dots here. Just 396 00:22:20.119 --> 00:22:21.319 how gullible are you? 397 00:22:21.440 --> 00:22:21.759 People? 398 00:22:21.839 --> 00:22:23.759 Come on, it's not it's not. 399 00:22:23.720 --> 00:22:27.200 Those those are Yeah, The I R s and this 400 00:22:27.359 --> 00:22:30.799 income tax system itself was put in place by the 401 00:22:30.839 --> 00:22:34.319