WEBVTT 1 00:00:07.120 --> 00:00:10.400 Joining us now is Tony Ardaman of Wise Wolf Gold 2 00:00:10.599 --> 00:00:12.919 and you can go to David Knight dot Gold and 3 00:00:12.960 --> 00:00:15.679 I'll take you directly to Tony Ardaban. You can sign 4 00:00:15.800 --> 00:00:18.559 up for Wolf Package is a way to dollar cost 5 00:00:18.640 --> 00:00:22.120 average your your gold and silver what do we call 6 00:00:22.160 --> 00:00:26.440 it stash, so you can you can gradually start to 7 00:00:26.480 --> 00:00:29.079 accumulate it and average that cost out. And it's a 8 00:00:29.120 --> 00:00:33.159 great way to save save in a currency, in real money, 9 00:00:33.520 --> 00:00:36.719 not in fiat currency. And so we're gonna talk about 10 00:00:36.759 --> 00:00:39.200 So we're going to begin with something that Tony has 11 00:00:39.200 --> 00:00:41.240 talked about many times, but we've got some new data 12 00:00:41.320 --> 00:00:44.240 about it, and that is the growth of the money supply. 13 00:00:45.000 --> 00:00:48.880 It is exploding, folks, and Tony has talked about how 14 00:00:49.000 --> 00:00:53.119 it has exploded over the last few years since the 15 00:00:54.359 --> 00:00:57.359 h what they call, I guess the Great Recession, you know, 16 00:00:57.520 --> 00:01:01.119 but the real estate issue, in the banking issue that 17 00:01:01.159 --> 00:01:04.640 happened there. But it is really being stoked right now 18 00:01:04.719 --> 00:01:08.560 by the Trump administration. And they have this is an 19 00:01:08.599 --> 00:01:13.040 article from Meases. They have a metric that was created 20 00:01:13.079 --> 00:01:17.159 by Murray Rothbart and another person and they feel like 21 00:01:17.200 --> 00:01:19.959 it's a more accurate measurement of the M two money 22 00:01:20.000 --> 00:01:21.959 supply than what the government provides. And I would be 23 00:01:22.000 --> 00:01:25.000 inclined to believe that. Since the government usually lies to 24 00:01:25.079 --> 00:01:28.719 us about the inflation rate, lies to us unemployment, lies 25 00:01:28.760 --> 00:01:30.760 to us about everything, why wouldn't they lie to us 26 00:01:30.760 --> 00:01:34.359 about the money supply as well. And so they said, 27 00:01:34.359 --> 00:01:37.480 the FED has cut their target interest rate by one 28 00:01:37.560 --> 00:01:40.719 hundred and seventy five basis points and they returned now 29 00:01:40.760 --> 00:01:44.920 to quantitative easing. And so when you look at this, 30 00:01:44.920 --> 00:01:47.480 everybody focuses on the interest rates, and that's something that 31 00:01:47.599 --> 00:01:50.280 is very visible, and of course it has a direct 32 00:01:50.400 --> 00:01:55.040 impact on the government's budget because of the interest charges 33 00:01:55.120 --> 00:01:58.599 on this massive debt that Trump has accumulated, so he's 34 00:01:58.680 --> 00:02:00.879 very focused on that as well. But kind of the 35 00:02:00.959 --> 00:02:04.599 quiet thing that's happening under the surface is this quantitative easing, 36 00:02:04.640 --> 00:02:08.439 and it is growing by leaps and bounds. So yeah, 37 00:02:08.560 --> 00:02:11.439 and it's kind of interesting to hear. They point out 38 00:02:11.439 --> 00:02:15.199 in their article, Powell, the chair of the FED right now, 39 00:02:15.680 --> 00:02:19.159 has used all kinds of variations about the word restrictive, 40 00:02:19.199 --> 00:02:21.400 and they said, there's nothing restrictive about this at all. 41 00:02:21.560 --> 00:02:26.240 He's called it their policies on quantitative easing and stuff. 42 00:02:26.240 --> 00:02:33.639 He's called it borderline restrictive, modestly restrictive, relatively restrictive, and 43 00:02:33.759 --> 00:02:38.520 clearly restrictive. I would say, Tony, that it is wildly permissive. 44 00:02:38.800 --> 00:02:41.800 It is lenient. I would even call it indulgent. 45 00:02:44.080 --> 00:02:47.240 What do you think, Well, if you go back to 46 00:02:48.159 --> 00:02:51.080 when you and I first started talking, and this was 47 00:02:51.479 --> 00:02:53.960 the last quarter of twenty nineteen, it's a very important 48 00:02:53.960 --> 00:02:57.439 time in history because you're right, it's not just about 49 00:02:57.479 --> 00:03:01.400 the intrastrates. It's not just about liquidity in the open sense. 50 00:03:01.960 --> 00:03:05.360 It's about currency creation and the expansion and the money supply. 51 00:03:06.039 --> 00:03:08.840 I think on balance sheets that we don't see. You know, 52 00:03:08.840 --> 00:03:11.360 it's funny the people that bring you you talking about 53 00:03:11.639 --> 00:03:16.280 Plumb Island lime disease, the Taese experiments, nuclear weapons, napalm. 54 00:03:16.479 --> 00:03:18.520 They're not lying to you. They would never lie to you. 55 00:03:18.599 --> 00:03:21.800 That all these numbers are correct, The employment unemployment numbers 56 00:03:21.800 --> 00:03:25.800 are correct, the CPI data is correct. Whatever I think, 57 00:03:25.879 --> 00:03:30.120 the true metrics we don't know. I mean, when you 58 00:03:30.120 --> 00:03:33.919 and I started talking, they were injecting like the GDP 59 00:03:34.199 --> 00:03:38.639 of like South Korea in one month into the overnights, 60 00:03:38.639 --> 00:03:41.520 into the repo markets, and it was I read an 61 00:03:41.599 --> 00:03:44.479 article at the end of twenty nineteen, David, and I 62 00:03:44.479 --> 00:03:46.800 don't know if it's corrected with some independent journalism, but 63 00:03:46.840 --> 00:03:52.280 they estimated that it was six trillion in new currency creation, 64 00:03:53.000 --> 00:03:57.360 just to float those overnights, just to continue the background 65 00:03:57.400 --> 00:04:01.159 noise of everything that goes on in this very very complex, 66 00:04:02.120 --> 00:04:05.520 a very rigged financial system. And when you and I 67 00:04:05.560 --> 00:04:08.479 spoke last week, I think these are metrics that people 68 00:04:08.960 --> 00:04:09.280 need to. 69 00:04:09.280 --> 00:04:10.479 Start wrapping their head around. 70 00:04:10.479 --> 00:04:14.759 It's there's there's the economy, there's there's there's gross domestic product, 71 00:04:14.800 --> 00:04:17.319 there's things that we make. And then if you look 72 00:04:17.399 --> 00:04:20.360 at the world market, though, what's different than it was 73 00:04:20.639 --> 00:04:24.519 forty five, forty six years ago is that there's about 74 00:04:24.560 --> 00:04:28.480 sixty times more currency on Earth, or maybe more because 75 00:04:28.480 --> 00:04:31.240 it's you know, you look at the the GDP of 76 00:04:31.279 --> 00:04:33.279 the world, it's like one hundred and twenty six trillion 77 00:04:33.399 --> 00:04:36.160 or something, but if you look at the world financial products, 78 00:04:36.399 --> 00:04:37.639 it's eight hundred trillion. 79 00:04:38.000 --> 00:04:40.040 Those financial products are currency. 80 00:04:40.759 --> 00:04:43.920 Yeah, it's all built off and it's based off nothing, 81 00:04:44.439 --> 00:04:47.000 and that's the that's the thing that's not sustainable. 82 00:04:47.319 --> 00:04:49.959 Yeah, that's just amazing. I remember when we were first 83 00:04:50.160 --> 00:04:52.800 talking about this, and I saw all this massive money 84 00:04:52.800 --> 00:04:55.759 that was going into the repo market, and the repo market, 85 00:04:56.160 --> 00:05:01.920 there's spending that much money on cars. I had to 86 00:05:01.959 --> 00:05:04.680 lick this thing up. And it's like you said, it 87 00:05:04.720 --> 00:05:07.120 was the first time I looked at it, it was 88 00:05:07.160 --> 00:05:10.800 equivalent to the entire gross domestic product of Puerto Rico, 89 00:05:11.560 --> 00:05:13.800 and then after a couple of weeks, it was as 90 00:05:13.920 --> 00:05:18.160 much as the entire GDP of Switzerland, well, the top 91 00:05:18.240 --> 00:05:21.600 twenty economies in the world. And at that point it's like, WHOA, 92 00:05:21.600 --> 00:05:23.879 this is insane. We start talking about it a lot. 93 00:05:24.480 --> 00:05:27.560 You talked about it, had Jerald Clinty talking about it 94 00:05:27.600 --> 00:05:29.639 was insane. I didn't know what the repo market was, 95 00:05:29.680 --> 00:05:32.399 but when you're throwing that much cash around, it's not 96 00:05:32.519 --> 00:05:36.279 a good thing. That's the bottom line, right. 97 00:05:36.360 --> 00:05:39.199 And it wasn't it like it was to build infrastructure, 98 00:05:39.319 --> 00:05:41.959 to not create something. It was literally just to make 99 00:05:42.000 --> 00:05:45.240 sure that these entities cleared checks. I mean, at the 100 00:05:45.319 --> 00:05:47.480 end of the day, that's the logic is to clear 101 00:05:48.519 --> 00:05:53.120 you know, to keep liquid all these entities. And that 102 00:05:53.199 --> 00:05:57.199 led into what's interesting about that last quarter was that 103 00:05:57.319 --> 00:06:00.560 led into COVID nineteen eighty four. That was the last 104 00:06:00.639 --> 00:06:05.839 quarter twenty nineteen, and it was the largest exodus of 105 00:06:06.000 --> 00:06:09.360 CEOs and history at the same time. 106 00:06:09.879 --> 00:06:10.560 You know, all that. 107 00:06:11.000 --> 00:06:14.800 Intel and multinationals, they flow together. But it really had 108 00:06:14.800 --> 00:06:17.399 to do with the massive increase of the money supply, 109 00:06:17.439 --> 00:06:21.680 which I think COVID in that whole operation had something 110 00:06:21.680 --> 00:06:22.000 to do. 111 00:06:22.279 --> 00:06:25.360 Oh yeah, the creation of an expansion of money supply. 112 00:06:25.399 --> 00:06:27.639 And they continue to expand it through the COVID. They 113 00:06:27.680 --> 00:06:29.879 call it here the COVID era. I think it should 114 00:06:29.920 --> 00:06:34.000 be spelled er r R. But here's some numbers for you. 115 00:06:34.399 --> 00:06:38.319 In February, the total money supply again rose, heading above 116 00:06:38.560 --> 00:06:41.600 twenty point four trillion dollars and growing by a trillion 117 00:06:41.680 --> 00:06:45.120 dollars in just seven months from July last year to 118 00:06:45.160 --> 00:06:48.319 February this year. Although the total money supply fell throughout 119 00:06:48.399 --> 00:06:51.480 much of twenty twenty three and twenty twenty four, it 120 00:06:51.519 --> 00:06:55.600 has nevertheless increased by one point six trillion dollars since 121 00:06:55.680 --> 00:06:58.439 that time, and it's now only a half a trillion 122 00:06:58.480 --> 00:07:03.480 dollars below the COVID error peak. So it is growing 123 00:07:03.600 --> 00:07:06.839 by leaps and bounds under Donald Trump. And this is 124 00:07:06.879 --> 00:07:11.759 something that nobody really pays much attention to. Again, everybody's 125 00:07:11.800 --> 00:07:14.800 focused on the interest rates because of houses and things 126 00:07:14.839 --> 00:07:17.839 like that. So we laser focus on that. But they 127 00:07:18.879 --> 00:07:21.480 they're doing this under the radar and nobody is really 128 00:07:21.480 --> 00:07:24.279 paying much attention to it. As they point out, M 129 00:07:24.279 --> 00:07:26.759 two is now at the highest level it's ever been, 130 00:07:27.759 --> 00:07:31.319 topping out at twenty two and a half trillion dollars. 131 00:07:32.079 --> 00:07:35.720 And I said since two thousand and nine, which is 132 00:07:35.759 --> 00:07:38.600 when you typically start talking about how they started ramping 133 00:07:38.680 --> 00:07:41.399 up the money supply. The money supply is now up 134 00:07:41.560 --> 00:07:45.800 by more than two hundred and six percent. Nearly thirty 135 00:07:45.800 --> 00:07:49.120 percent of that has been created since January of twenty 136 00:07:49.120 --> 00:07:53.000 twenty because Trump did a huge number on us with 137 00:07:53.079 --> 00:07:56.800 that as well the universal basic income, increasing the money 138 00:07:56.800 --> 00:07:58.920 supply and all the rest of stuff like breaking the 139 00:07:59.000 --> 00:08:01.839 supply chain. Just look at all the economic stuff they did, 140 00:08:02.079 --> 00:08:06.079 let alone, you know, all of the health effects of 141 00:08:06.120 --> 00:08:06.879 this bioweaven. 142 00:08:09.079 --> 00:08:13.120 Well, you know, it's turning America into the taj Mahal casino. 143 00:08:13.439 --> 00:08:15.800 And it's like, how do you bankrupt a casino? 144 00:08:15.879 --> 00:08:18.399 And that's even more interesting, how do you bankrupt the 145 00:08:18.519 --> 00:08:21.240 United States of America. I mean, there's so many things 146 00:08:21.279 --> 00:08:23.319 that should be if you want to know, like you 147 00:08:23.360 --> 00:08:26.240 want to lean into this is all in operation or 148 00:08:26.240 --> 00:08:30.199 this is a conspiracy against the American people. We have 149 00:08:30.279 --> 00:08:33.480 so many opportunities right now. We actually should be building 150 00:08:33.559 --> 00:08:36.519 things and there should be a lot of wealth and prosperity. 151 00:08:35.919 --> 00:08:37.399 Going around, but there's not. 152 00:08:37.759 --> 00:08:39.720 And that should that should give you the tell because 153 00:08:39.720 --> 00:08:42.559 I think there's a lot of spirits still left in 154 00:08:42.600 --> 00:08:46.039 this country for building and innovation, and there's technology. We 155 00:08:46.120 --> 00:08:49.559 should be very wealthy right now, but we're not. And 156 00:08:49.600 --> 00:08:52.440 that's because of the leadership and people that can bankrupt 157 00:08:52.440 --> 00:08:56.240 a casino can bankrupt the United States of America unfortunately. 158 00:08:56.320 --> 00:08:59.440 And I want to talk a minute about going back 159 00:08:59.440 --> 00:09:02.320 to two thousand in eight two thousand and nine. Recently, 160 00:09:03.519 --> 00:09:06.559 Hank Paulson, who was Secretary of the Treasury under Bush 161 00:09:07.559 --> 00:09:10.679 during the Great Financial Crisis of eight o nine, he 162 00:09:10.879 --> 00:09:13.679 came out recently and said, you know, the United States 163 00:09:13.799 --> 00:09:17.039 needs to start forming a plan kind of a break 164 00:09:17.159 --> 00:09:20.240 glass in case of emergency, plan, a financial plan. 165 00:09:20.600 --> 00:09:22.440 To break the glass. 166 00:09:22.480 --> 00:09:27.879 Stegl a plan, right, Stegel. This is what they they 167 00:09:27.919 --> 00:09:31.000 did back in eight nine. And it's funny because I 168 00:09:31.080 --> 00:09:33.159 was thinking of him the other day. You know, he 169 00:09:33.679 --> 00:09:37.000 went and got on his knees in front of Nancy Pelosi. 170 00:09:37.039 --> 00:09:39.679 This is Hank Paulson, the Secretary of the Treasury, and 171 00:09:39.720 --> 00:09:42.960 he begged her, you know, for seven hundred and fifty billion. 172 00:09:43.360 --> 00:09:46.320 And this was for TART funds, the Troubled Asset Relief 173 00:09:46.759 --> 00:09:48.600 funds that they were going to put out to bail 174 00:09:48.639 --> 00:09:52.039 out these banks that had gotten you know, underwater from 175 00:09:52.080 --> 00:09:55.879 all the subprime stuff. But think of those numbers. You know, 176 00:09:55.919 --> 00:09:58.200 he had George W. Bush in office, He's on his 177 00:09:58.279 --> 00:10:00.360 way out, but he said, this sucker is going down. 178 00:10:00.440 --> 00:10:03.919 He's talking about the American economy what they need. And 179 00:10:03.960 --> 00:10:08.879 they were and David, they were breaking their necks to 180 00:10:08.919 --> 00:10:14.159 get seven hundred and fifty billion out of Congress. You 181 00:10:14.159 --> 00:10:17.440 don't need that any like, there's no Hank Paulson moment. 182 00:10:17.480 --> 00:10:17.639 Now. 183 00:10:17.679 --> 00:10:22.080 They just make it like there's been some change and shift, right, 184 00:10:22.120 --> 00:10:24.240 because you can just look at the sheer numbers of it, 185 00:10:25.360 --> 00:10:28.360 the dad of the US, you know, compared to then, 186 00:10:28.840 --> 00:10:31.960 everything seems quaint. These numbers seem quaint, like we would 187 00:10:32.000 --> 00:10:34.840 have seven hund and fifty billion is nothing. And that's 188 00:10:34.960 --> 00:10:38.279 that was a big deal in eighth nine and this 189 00:10:38.279 --> 00:10:40.919 had never happened before. We'd never had that sort of 190 00:10:40.960 --> 00:10:44.919 intervention with the with the FED. I mean, there's been manipulation. 191 00:10:45.200 --> 00:10:49.120 They've controlled the money supply since nineteen thirteen, but there's 192 00:10:49.159 --> 00:10:50.440 never been that sort of intervention. 193 00:10:51.080 --> 00:10:52.399 So the wheels are off all of that. 194 00:10:53.120 --> 00:10:56.320 I mean, where this ends up with no fiscal responsibility 195 00:10:56.360 --> 00:10:58.679 and numbers that aren't even real. I mean, do we 196 00:10:58.720 --> 00:11:00.720 think that the dad of the US is real? Like 197 00:11:00.759 --> 00:11:02.720 if it's not. If the money's not real, and the 198 00:11:02.720 --> 00:11:06.240 whole fed is built off of the system itself is rigged. 199 00:11:06.240 --> 00:11:09.080 It's like a snake eating its own tail. You can't 200 00:11:09.279 --> 00:11:11.279 in order to pay off the debt. You'd have to 201 00:11:11.320 --> 00:11:13.840 create new currency to pay the debt off, which creates 202 00:11:13.879 --> 00:11:16.879 new debt. So the whole thing is rigged against us. 203 00:11:17.080 --> 00:11:19.480 And I don't think any of it's real anyway. But 204 00:11:19.559 --> 00:11:23.279 if you're basing the economy off of the dollar, which 205 00:11:23.279 --> 00:11:26.919 we do, and there's no other alternative, then you're in 206 00:11:26.960 --> 00:11:30.279 some real trouble when you start in this demesis is correct, 207 00:11:30.360 --> 00:11:35.120 I mean, and the money supply expansion only is going 208 00:11:35.200 --> 00:11:38.000 to create chaos, and it's going to create inflation, and 209 00:11:38.039 --> 00:11:40.639 it's going to put us in a position where, unlike 210 00:11:40.679 --> 00:11:43.639 Hank Paulson in eighth nine, I don't care if you 211 00:11:43.679 --> 00:11:45.679 have a break glass plan. If you've got these these 212 00:11:45.759 --> 00:11:49.960 numbers are so large that you can't really bail yourself 213 00:11:50.000 --> 00:11:53.559 out of it. It's not like that that time in history. 214 00:11:54.120 --> 00:11:58.200 There's nowhere left to borrow from. Look who's buying treasuries. 215 00:11:58.799 --> 00:12:04.000 Nobody maybe stable coin producers, but China's dumping the world's 216 00:12:04.039 --> 00:12:07.840 dumping the dollar. So this isn't like the the eighth 217 00:12:07.960 --> 00:12:09.519 nine crisis. It's not going to be like that. 218 00:12:10.120 --> 00:12:12.200 Well, when I look at it, the way I think 219 00:12:12.200 --> 00:12:14.600 of this whole thing is it's like Thelm and Luise 220 00:12:14.679 --> 00:12:17.720 driving us over the cliff, both of you know, both 221 00:12:17.759 --> 00:12:19.440 of them wanting to go as fast as they can. 222 00:12:19.639 --> 00:12:22.279 And that's the Democrats, the Republicans, Thumb and Luise. We're 223 00:12:22.360 --> 00:12:24.600 kind of Brad Pitt characters, like, get me out of 224 00:12:24.600 --> 00:12:25.360 this car, you know. 225 00:12:25.960 --> 00:12:28.559 Let's just keep going. Let's keep driving. That's what they 226 00:12:28.559 --> 00:12:31.720 said at the end. That's what both these parties will do. Absolutely, 227 00:12:31.799 --> 00:12:33.120 let's keep driving off the cliff. 228 00:12:33.320 --> 00:12:33.840 That's right. 229 00:12:34.080 --> 00:12:39.799 Well, HSBC and their analysis says fiscal risks and stagflation 230 00:12:39.919 --> 00:12:44.600 fears will support goal prices even without FED rate cuts, 231 00:12:44.960 --> 00:12:49.960 and so they're looking at the fundamentals the fiscal deficits 232 00:12:50.320 --> 00:12:56.080 the geopolitical risk and continued central bank buying will support 233 00:12:56.159 --> 00:13:00.519 higher prices. According to HSBC, they said, you know, looking 234 00:13:00.559 --> 00:13:05.039 at what has happened, a lot of this, as we've said, 235 00:13:05.279 --> 00:13:07.559 they're saying the same thing. A lot of this is 236 00:13:07.799 --> 00:13:11.360 the fact that people are having to cash out of 237 00:13:11.399 --> 00:13:14.279 their goal position, even some of the central banks, because 238 00:13:14.320 --> 00:13:18.559 the countries are looking at what Trump has created is 239 00:13:18.600 --> 00:13:23.399 a world war. Economically, at the very least, gold did 240 00:13:24.039 --> 00:13:28.600 not act as a straightforward geopolitical hedge, as investors sold 241 00:13:28.720 --> 00:13:32.559 billion who raise liquidity while the US dollar absorbed most 242 00:13:32.600 --> 00:13:35.279 of the safe haven demand. And I look at this 243 00:13:35.320 --> 00:13:38.000 and it's like, so, how is the dollar a safe have? 244 00:13:38.639 --> 00:13:40.960 But when you look at what's going on in the market, Tony, 245 00:13:41.720 --> 00:13:44.600 these people hang on every word that this liar Trump 246 00:13:44.679 --> 00:13:47.720 tells them. It doesn't matter how ridiculous it is, and 247 00:13:48.039 --> 00:13:51.480 he can He and people in his administration are playing 248 00:13:52.000 --> 00:13:54.559 the market. They put out some statement about well the 249 00:13:54.600 --> 00:13:56.840 war has ended now and it's everything is great, and 250 00:13:58.000 --> 00:13:59.799 you know a couple of minutes later, boom, you know, 251 00:13:59.840 --> 00:14:02.879 these guys have well fifteen minutes before he says that 252 00:14:03.639 --> 00:14:06.080 they make major investments in there and then immediately the 253 00:14:06.120 --> 00:14:09.279 market reacts to it. These people take their profits, and 254 00:14:09.320 --> 00:14:11.840 then he comes out and he tells people a truth, right, 255 00:14:12.080 --> 00:14:14.919 so it's all it's all a game with these people. 256 00:14:16.360 --> 00:14:20.879 Well, the world is going back to gold, that's the 257 00:14:20.879 --> 00:14:23.360 world reserve currency is being reset right now. 258 00:14:23.679 --> 00:14:25.799 So there's going to be some volatility and some chaos. 259 00:14:25.879 --> 00:14:27.279 I think gold did its job. 260 00:14:27.440 --> 00:14:31.480 In the last thirty days or so, going back to 261 00:14:31.720 --> 00:14:33.759 when the war really kicked off. I mean gold hit 262 00:14:33.840 --> 00:14:36.080 fifty three one hundred dollars an ounce, and then there 263 00:14:36.159 --> 00:14:40.759 was some selloff because these countries and entities got into oil. 264 00:14:41.080 --> 00:14:44.519 I mean Turkey sold you know, like, what was it, 265 00:14:44.559 --> 00:14:48.720 fifty six billion dollars worth of gold, and then of 266 00:14:48.799 --> 00:14:51.840 course they're buying you know, energy with it. I mean 267 00:14:52.600 --> 00:14:56.960 that's that's a functionality of money, and so that's going 268 00:14:57.000 --> 00:14:58.919 to happen. But you know, it's funny you go look 269 00:14:58.960 --> 00:15:03.480 at I read an article the other day Goldman Sachs 270 00:15:03.519 --> 00:15:05.279 and Morgan Stanley. 271 00:15:05.759 --> 00:15:07.080 They used to have and this. 272 00:15:06.960 --> 00:15:11.320 Is up until very recently, they'd say for allocations on portfolios, 273 00:15:11.360 --> 00:15:16.279 they'd say sixty percent stocks, forty percent bonds. Now they've 274 00:15:16.320 --> 00:15:21.399 both changed to forty percent stocks twenty percent, bonds twenty percent, 275 00:15:21.480 --> 00:15:27.120 gold twenty percent. That's both of those entities have changed. 276 00:15:27.120 --> 00:15:30.519 And this is recent. That's because of what's happening with 277 00:15:30.639 --> 00:15:31.519 the rest of the world. 278 00:15:31.519 --> 00:15:33.320 And it's quiet. And you're not going to get. 279 00:15:33.159 --> 00:15:35.799 This from mainstream media outlets. They're not going to talk 280 00:15:35.879 --> 00:15:38.480 tell you that the dollars on its way out is 281 00:15:38.480 --> 00:15:42.360 that the whole world monetary system is being upended. 282 00:15:42.360 --> 00:15:45.039 They're not going to tell you about that. There's this 283 00:15:45.120 --> 00:15:47.000 is to the last minute. 284 00:15:47.759 --> 00:15:51.600 The elite will hold out, the powers that be will 285 00:15:51.679 --> 00:15:52.799 leave you holding the bag. 286 00:15:53.080 --> 00:15:54.519 But the rest of the world's moving away. 287 00:15:54.559 --> 00:15:58.480 I think that's the key indicator, and the FUD and 288 00:15:58.519 --> 00:15:59.759 other things they'll look towards. 289 00:15:59.799 --> 00:16:03.679 Oh see, gold didn't hold up? Is a in a crisis? Well, 290 00:16:03.759 --> 00:16:06.360 my goodness. You know two years ago gold was half 291 00:16:06.399 --> 00:16:09.279 of what it is now. That's right. What do you 292 00:16:09.320 --> 00:16:10.159 mean it didn't hold up. 293 00:16:10.360 --> 00:16:12.519 It's been holding up in this whole crisis as we 294 00:16:12.559 --> 00:16:14.519 go into the great reset. 295 00:16:15.159 --> 00:16:19.320 Well, you know, there was an article and it was 296 00:16:19.360 --> 00:16:21.919 on I forget now who is I think it's one 297 00:16:21.919 --> 00:16:24.679 of the mainstream press places like Wall Street Journal or something. 298 00:16:24.679 --> 00:16:27.360 But it was a woman who said, it's just the 299 00:16:27.399 --> 00:16:29.679 end of the petro dollar. No petrol dollar is actually 300 00:16:29.720 --> 00:16:33.720 going to be strengthened from this war the what And 301 00:16:34.279 --> 00:16:36.639 so I didn't cover it here on the show really 302 00:16:36.679 --> 00:16:40.480 because it was just so off the wall stupid. Her 303 00:16:40.519 --> 00:16:44.000 fundamental premise was that it's going to be strengthened because 304 00:16:44.000 --> 00:16:46.279 we're gonna we're winning this war. And it's like, Okay, 305 00:16:46.480 --> 00:16:49.080 I've had enough, I'm out of this article right there. 306 00:16:49.240 --> 00:16:52.080 If you can't see what is happening with all this stuff, 307 00:16:52.120 --> 00:16:54.919 and when you look at Trump, the constant you know 308 00:16:54.960 --> 00:16:57.600 we're in, we're out or this, and that the constant 309 00:16:58.440 --> 00:17:01.000 volatility of what he's saying, the eyes and the back 310 00:17:01.039 --> 00:17:05.440 and forth. Clearly he is desperate and clearly we're not 311 00:17:05.519 --> 00:17:07.079 winning this thing. So are we going to tell me 312 00:17:07.119 --> 00:17:09.559 that we're winning this, that it's not a quagmire, that 313 00:17:09.599 --> 00:17:11.440 it's going to soon be over and we're gonna come 314 00:17:11.480 --> 00:17:14.079 out as the top dog and all this stuff. You 315 00:17:14.119 --> 00:17:16.920 really don't know what you're talking about. And so that's 316 00:17:17.000 --> 00:17:19.200 just one aspect of this. But when you look at 317 00:17:19.200 --> 00:17:21.720 the long term aspect of this, of course we are 318 00:17:21.799 --> 00:17:24.960 not the petro dollars not getting strengthened by this. The 319 00:17:24.960 --> 00:17:28.079 American Empire is not getting strengthened by this. This is 320 00:17:28.079 --> 00:17:30.920 going to harm even the military industrial complex because every 321 00:17:30.920 --> 00:17:32.799 want to look at it and they're gonna say, well, 322 00:17:32.839 --> 00:17:34.640 I'm not really sure that we need to have your 323 00:17:34.680 --> 00:17:35.920 expensive weapons systems. 324 00:17:37.960 --> 00:17:41.200 Well, you were speaking earlier about the Secretary of the 325 00:17:41.480 --> 00:17:42.119 of the Navy. 326 00:17:42.279 --> 00:17:44.240 That reminded me of we had one of those guys 327 00:17:44.240 --> 00:17:47.480 that didn't actually serve in the military. That was Franklin Roosevelt. Yeah, 328 00:17:48.119 --> 00:17:52.440 that didn't turn out too well. Yeah, we certainly. And 329 00:17:52.480 --> 00:17:56.240 this is all about leadership too, David. I mean, at 330 00:17:56.279 --> 00:17:58.359 the end of the day, and what do you get 331 00:17:58.400 --> 00:18:01.480 when you cross MK Ultra with Operation mocking Bird. You 332 00:18:01.519 --> 00:18:04.400 get these people like this, like that lady is talking 333 00:18:04.400 --> 00:18:06.359 about this is going to boost the petrodal. I hear 334 00:18:06.480 --> 00:18:09.039 so many commentators. I don't know where they find these 335 00:18:09.119 --> 00:18:12.319 people that are talking about, well, you know, this was 336 00:18:12.799 --> 00:18:15.200 an emergency. We had to go out and take out 337 00:18:15.200 --> 00:18:18.359 of Ron's capabilities. We cannot have a nuclear arm to Ron. 338 00:18:18.400 --> 00:18:20.720 This is this is very dangerous and these are people 339 00:18:20.720 --> 00:18:23.119 who are showing up on financial shows. I'm like, you 340 00:18:23.200 --> 00:18:25.519 really believe that and you can balance a check book 341 00:18:25.599 --> 00:18:28.920 like you know, like you have an inherent authority on 342 00:18:29.079 --> 00:18:30.960 money and you really believe. 343 00:18:30.680 --> 00:18:32.640 This, like this is something you want to get worried 344 00:18:32.640 --> 00:18:34.960 about a state with nuclear weapons. Worry about Israel, you 345 00:18:35.000 --> 00:18:37.400 know it, they're the ones attacking everybody. 346 00:18:37.880 --> 00:18:42.440 But imagine having that worldview. Yeah, I mean that's pretty 347 00:18:42.440 --> 00:18:48.039 stale and warped by the way. So I think the 348 00:18:48.079 --> 00:18:50.839 smart money is on what's happening with the rest of 349 00:18:50.880 --> 00:18:53.920 the world. I mean, this is geopolitically. You can see 350 00:18:53.920 --> 00:18:57.200 the shift happening. One of the big indicators I thought 351 00:18:57.279 --> 00:18:59.519 was a great story to in kind of one of 352 00:18:59.559 --> 00:19:01.680 those dark course stories that I always like, look at 353 00:19:01.720 --> 00:19:05.839 the periphery of things the grow The fastest growing sector 354 00:19:06.039 --> 00:19:12.720 in blockchain is gold backed, like gold backed blockchain tokenization 355 00:19:12.839 --> 00:19:17.000 of gold, and you know you can I'm not a 356 00:19:17.039 --> 00:19:20.519 fan of these stable coins. You know you can you 357 00:19:20.519 --> 00:19:24.039 can freeze. That's a reason that Iran is not using 358 00:19:24.799 --> 00:19:28.039 like tether and other things. They're not using like stable 359 00:19:28.079 --> 00:19:31.440 coins for their tolls in the straight of horror moves. 360 00:19:31.480 --> 00:19:34.400 They use bitcoin. Yeah, because you can freeze. 361 00:19:34.559 --> 00:19:37.839 You can you know, can't necessarily take the assets off 362 00:19:37.839 --> 00:19:40.039 the blockchain, but you can take those accounts and you 363 00:19:40.039 --> 00:19:42.039 can freeze them up at least that's the way I 364 00:19:42.119 --> 00:19:45.039 understand them. But that still is the fastest growing. It's 365 00:19:45.079 --> 00:19:48.359 because slowly, you know, and it's not it's not going 366 00:19:48.400 --> 00:19:50.720 to happen overnight. Maybe it would be one of those 367 00:19:50.720 --> 00:19:53.400 gradually suddenly things, but right now it's slowly. You see, 368 00:19:53.400 --> 00:19:56.960 the world is turning away from the dollar and petro dollar. 369 00:19:57.000 --> 00:19:59.799 I mean, that's that's antiquated. We don't have a petrol 370 00:19:59.839 --> 00:20:04.240 doll anymore. That that time is gone, regardless of what. 371 00:20:04.880 --> 00:20:06.599 And there are people that come out and say that 372 00:20:06.799 --> 00:20:10.480 this is some sort of you know, strategy on behalf 373 00:20:10.559 --> 00:20:13.559 of this, you know, the brilliant Trump administration, that we're 374 00:20:13.559 --> 00:20:17.880 going to start exporting American energy because we've blocked up 375 00:20:17.880 --> 00:20:18.599 the straight of Hornet. 376 00:20:19.440 --> 00:20:20.640 That's no we had. 377 00:20:21.039 --> 00:20:23.160 That's like the Vietnam We had to destroy the village 378 00:20:23.160 --> 00:20:25.319 in order to save it. I mean, that makes no sense. 379 00:20:25.400 --> 00:20:27.519 Even if that is true, that makes no sense that 380 00:20:27.559 --> 00:20:28.480 we would do it this way. 381 00:20:28.720 --> 00:20:30.480 Well, when you look at it, whenever you throw a 382 00:20:30.480 --> 00:20:32.799 monkey mentioned in supply chain and you do it, you 383 00:20:32.839 --> 00:20:34.480 know it's not good to help. It may help some 384 00:20:34.559 --> 00:20:38.799 American companies that are here in the US and may 385 00:20:38.880 --> 00:20:41.000 help their bottom line, which is really all that Trump 386 00:20:41.039 --> 00:20:43.599 cares about. But as far as you or I, we're 387 00:20:43.640 --> 00:20:46.359 going to have to be competing on the open market 388 00:20:46.680 --> 00:20:49.680 for oil and gas with people who live in India, 389 00:20:49.799 --> 00:20:53.039 for example, right because it is a global market. And 390 00:20:53.079 --> 00:20:56.000 as that Chevron Ceo said the other day, he said, hey, 391 00:20:56.000 --> 00:20:58.480 it's a global market. So if people in India are 392 00:20:58.519 --> 00:21:00.720 desperate and they're going to pay more money for their 393 00:21:01.079 --> 00:21:03.640 oil and gas, you're going to pay more money. You know, 394 00:21:04.000 --> 00:21:08.359 you're competing with everybody in the world as a consumer. Now, 395 00:21:08.400 --> 00:21:10.839 the producers who are based in America, they can make 396 00:21:10.839 --> 00:21:13.759 a lot of money. And Trump doesn't care what happens 397 00:21:13.799 --> 00:21:17.240 to average Americans. He doesn't care what happens to small businesses. 398 00:21:18.079 --> 00:21:20.559 That's not his concern. He's just like Kilredy Clinton who said, 399 00:21:20.839 --> 00:21:23.599 I can't be concerned when she's talking about imposing healthcare 400 00:21:23.680 --> 00:21:26.759 costs on people. I can't be concerned with these undercapitalized 401 00:21:26.799 --> 00:21:29.559