WEBVTT 1 00:00:07.320 --> 00:00:10.199 Welcome back, and joining us now is Tony Rdeman of 2 00:00:10.240 --> 00:00:12.960 Wisewolf Gold, and he has set up David Knight Taik 3 00:00:13.000 --> 00:00:15.599 Gold to take you to him and let him know 4 00:00:15.599 --> 00:00:17.719 that you're coming through us from hearing about this on 5 00:00:17.760 --> 00:00:19.679 the program, and I wanted to talk to Tony today 6 00:00:19.679 --> 00:00:25.120 because gold has been popping around like it was bitcoin 7 00:00:25.199 --> 00:00:28.160 almost but of course it's not unusual to see gold 8 00:00:28.359 --> 00:00:32.799 bitcoin moving several percentage points in a day or certainly 9 00:00:32.840 --> 00:00:35.679 in a week, but that's something that is kind of 10 00:00:35.759 --> 00:00:39.640 new for gold and silver, and so as it went 11 00:00:39.799 --> 00:00:43.039 up so quickly, it is now bouncing around at different levels. 12 00:00:43.039 --> 00:00:45.200 And right now, what is it around four thousand? Is 13 00:00:45.200 --> 00:00:45.679 that correct? 14 00:00:46.280 --> 00:00:48.119 It's just under four thousand this morning. 15 00:00:48.359 --> 00:00:50.799 Yeah, so, I mean it's still very high compared to 16 00:00:50.840 --> 00:00:54.759 where it has been for the year. And what is 17 00:00:54.799 --> 00:00:58.880 shaking it up this week is the Federal Reserve cutting 18 00:00:58.920 --> 00:01:01.719 interest rates by twenty five basis points a quarter of 19 00:01:01.799 --> 00:01:06.200 a percentage and saying that they're going to only do 20 00:01:06.319 --> 00:01:08.280 one more by the end of the year. And so 21 00:01:08.319 --> 00:01:10.799 a lot of people on Wall Street and other places 22 00:01:10.840 --> 00:01:13.000 are saying, all right, so then that means that inflation 23 00:01:13.719 --> 00:01:15.560 is not going to kick up as much as we 24 00:01:15.599 --> 00:01:17.400 thought it would if he gets real aggressive on these 25 00:01:17.439 --> 00:01:19.719 interest cuts. He's not going to get real aggressive. The 26 00:01:19.760 --> 00:01:22.719 thing is that I'm looking at, Tony, is that Powell 27 00:01:22.799 --> 00:01:24.319 isn't going to be there that much longer. 28 00:01:24.719 --> 00:01:27.079 Right, His term ends in May. 29 00:01:27.840 --> 00:01:30.040 So these people are saying, well, that's it. I guess 30 00:01:30.040 --> 00:01:33.040 they're gonna follow a very conservative path there that's only 31 00:01:33.040 --> 00:01:35.959 going to last for a couple of months anyway. And 32 00:01:36.359 --> 00:01:38.799 we know, you know, as you and I have talked about, 33 00:01:38.920 --> 00:01:42.879 and Jerald Clenty has said so many times, Trump is 34 00:01:42.920 --> 00:01:46.840 really good for gold because he's all about borrowing money 35 00:01:47.439 --> 00:01:50.519 and not paying his bills, and so we know where 36 00:01:50.560 --> 00:01:52.359 this is all going to go. He's going to have 37 00:01:52.439 --> 00:01:57.159 somebody who is going to have an easy money approach 38 00:01:57.560 --> 00:02:00.239 and it's going to stoke inflation, and it's going to 39 00:02:00.280 --> 00:02:03.439 happen at the latest in May of next year. 40 00:02:04.280 --> 00:02:06.439 Now that's at the latest. And you were thinking the 41 00:02:06.480 --> 00:02:09.639 exact same thing I was. It's so funny the markets 42 00:02:09.639 --> 00:02:13.240 are so fickle and so short term. They look at 43 00:02:13.280 --> 00:02:15.919 stuff and say, oh, well, I guess everything's fine and 44 00:02:15.960 --> 00:02:19.039 we're back to normal, and uh, you know, the meltdown 45 00:02:19.840 --> 00:02:22.159 isn't really happening, but it's all short term. 46 00:02:22.199 --> 00:02:23.800 And then, you know, it's interesting too. 47 00:02:24.280 --> 00:02:27.840 You mentioned Powell talking about a second rate cut, but 48 00:02:28.080 --> 00:02:30.439 he didn't seem that that was a foregone conclusion. 49 00:02:30.439 --> 00:02:30.960 It may not be. 50 00:02:31.439 --> 00:02:32.719 It may not be until. 51 00:02:32.680 --> 00:02:35.960 You know, Trump finally gets his new FED chair, and 52 00:02:36.000 --> 00:02:38.199 then I think all bets are off at that point. 53 00:02:38.199 --> 00:02:40.919 I think it's going to be easy money, lots and 54 00:02:41.000 --> 00:02:47.800 lots of printing, probably unprecedented amount of currency injection into 55 00:02:47.800 --> 00:02:50.039 the economy, and that's only going to drive all these 56 00:02:50.080 --> 00:02:52.479 fundamentals everything we talk about, you know, as far as 57 00:02:52.520 --> 00:02:58.639 dedollarization and the repricing of commodities, it's only going to 58 00:02:58.680 --> 00:03:01.639 continue to inflate the prices of commodities. 59 00:03:01.719 --> 00:03:03.840 Is the dollar goes and value. 60 00:03:04.000 --> 00:03:07.000 Yes, I mean, it is something that is so dear 61 00:03:07.080 --> 00:03:08.800 to the heart of Trump. I mean, look at how 62 00:03:08.879 --> 00:03:12.919 angry he got with Thomas Massey was pushed back against 63 00:03:13.240 --> 00:03:16.680 both his stimulus bill and his One Big Beautiful Bill 64 00:03:16.719 --> 00:03:20.560 because of the spending, and that is you know, he 65 00:03:20.560 --> 00:03:22.439 takes that very personally, and that is one of his 66 00:03:22.520 --> 00:03:25.240 core things. Now, I thought it was interesting that this 67 00:03:25.360 --> 00:03:29.199 article said FED officials had to make yesterday's decision without 68 00:03:29.280 --> 00:03:33.800 key federal economic data amid the ongoing government shutdown. The 69 00:03:33.840 --> 00:03:37.479 Bureau of Labor Statistics is mostly shuttered during the shutdown. 70 00:03:38.319 --> 00:03:42.800 But it's all a lie anyway, as audi's program says, 71 00:03:42.960 --> 00:03:45.360 it's all a lie. All these we couldn't get the 72 00:03:45.439 --> 00:03:49.400 numbers from the Bureau of Label Labor Statistics, but it's 73 00:03:49.439 --> 00:03:52.159 all a lie anything that they would have gotten from them. 74 00:03:52.639 --> 00:03:57.680 And zero Hedge is saying gold is doing what it 75 00:03:57.759 --> 00:04:00.919 normally does. After FED rate cuts, goes down a little 76 00:04:00.919 --> 00:04:04.719 bit and then it starts to climb shortly after that. 77 00:04:05.080 --> 00:04:10.039 People are anticipation of that inflation maybe something is you know, 78 00:04:10.120 --> 00:04:14.800 gonna kick off with us, but they realize that it's 79 00:04:14.840 --> 00:04:18.399 not really going to change the fundamentals in the long term, 80 00:04:18.439 --> 00:04:20.040 and so then we get back to where we were. 81 00:04:21.319 --> 00:04:25.319 It's like what we saying that the statistics don't lie, 82 00:04:25.399 --> 00:04:26.839 but liars use statistics. 83 00:04:26.839 --> 00:04:28.000 That comes to mind. 84 00:04:28.480 --> 00:04:31.639 Yeah, now you know you're you're looking at gold too 85 00:04:32.480 --> 00:04:34.480 as far as the price, and that's the way it 86 00:04:34.600 --> 00:04:37.920 usually goes. There's a rate cut, there's some liquidation of 87 00:04:38.000 --> 00:04:41.000 current holdings to get into the market because that signals, 88 00:04:41.120 --> 00:04:43.120 you know, the money printer is on the money printer 89 00:04:43.199 --> 00:04:45.959 is going to go bur and some of these stocks 90 00:04:45.959 --> 00:04:48.360 and other things in short term investments will inflate, so 91 00:04:48.439 --> 00:04:51.959 people take profit positions out on gold and there'll be 92 00:04:52.000 --> 00:04:54.199 some sell off in the market. But again, you know 93 00:04:54.480 --> 00:04:59.560 also too that the the news of there being some 94 00:04:59.600 --> 00:05:03.040 sort of a tentative agreement on trade between China and 95 00:05:03.120 --> 00:05:06.160 the US, and China supposedly to start buying soybeans again, 96 00:05:06.160 --> 00:05:10.199 and all this other stuff all temporary, and you see 97 00:05:10.199 --> 00:05:13.000 these price pullbacks some gold. Matter of fact, I bought 98 00:05:13.000 --> 00:05:16.199 some gold over the weekend because you can't trade on 99 00:05:16.240 --> 00:05:21.160 the exchange, and it was a significant amount, and Monday 100 00:05:21.199 --> 00:05:24.279 morning it's just bleeding red and I'm like, I don't 101 00:05:24.279 --> 00:05:26.199 think I made anything, you know, But that's okay. That's 102 00:05:26.199 --> 00:05:28.759 the risk you take when you're a dealer, that you 103 00:05:28.839 --> 00:05:31.079 roll with the market. Sometimes you're up, sometimes you're down. 104 00:05:31.879 --> 00:05:34.480 But that's the volatile nature where we are right now. 105 00:05:34.959 --> 00:05:38.920 And I think it's looking for both gold, silver and 106 00:05:39.000 --> 00:05:43.360 bitcoin are looking for a price. I think they're trying 107 00:05:43.399 --> 00:05:47.319 to find price position and price discovery in all of 108 00:05:47.319 --> 00:05:50.439 this turbulence, and we just never it's like you look 109 00:05:50.480 --> 00:05:53.120 at the charts. One of the reports was saying that 110 00:05:53.720 --> 00:05:58.040 this is the most gains that gold has had since 111 00:05:58.120 --> 00:06:01.720 nineteen seventy nine. It's true for silver as well. It's 112 00:06:01.720 --> 00:06:06.360 a forty five years in the making of these price adjustments. 113 00:06:06.360 --> 00:06:08.399 And you were, if you know, you know as well 114 00:06:08.439 --> 00:06:12.920 as anybody, David the the shock, the Nixon shock of 115 00:06:13.000 --> 00:06:16.560 going off the gold standard in seventy one, and by 116 00:06:16.639 --> 00:06:18.920 seventy nine you had eight hundred dollars an ounce gold, 117 00:06:18.920 --> 00:06:21.800 which was massive in nineteen seventy nine, same thing with 118 00:06:21.839 --> 00:06:24.839 silver at fifty two dollars. There was a lot of 119 00:06:24.839 --> 00:06:27.959 intervention that went on Paul Volker from the Fed, and 120 00:06:28.160 --> 00:06:31.000 this is interesting history to look at because they went 121 00:06:31.000 --> 00:06:33.959 out of their way to make sure that there wasn't 122 00:06:34.000 --> 00:06:39.000 some you know, scramble or crash of the dollar at 123 00:06:39.000 --> 00:06:40.480 that time, you know, getting out of the dollar. I 124 00:06:40.480 --> 00:06:43.639 think I think they stabilized it with high interest rates 125 00:06:44.199 --> 00:06:47.079 and kind of a you know, dangling the trinket of 126 00:06:47.199 --> 00:06:50.360 you know, Canesy and economics and the Laugher curve with 127 00:06:50.439 --> 00:06:52.319 Reaganomics and all that stuff in the eighties. I think 128 00:06:52.319 --> 00:06:56.040 that's really important history to pay attention to because it 129 00:06:56.199 --> 00:06:58.600 created the price of gold and it kept silver suppress 130 00:06:58.680 --> 00:06:59.480 for a long time. 131 00:07:00.279 --> 00:07:01.399 Mesa has talked about that. 132 00:07:01.519 --> 00:07:04.319 When you measure the markets against gold, they don't look 133 00:07:04.360 --> 00:07:05.000 good anymore. 134 00:07:05.120 --> 00:07:07.959 M M Mesa's talked about that and they said, you 135 00:07:08.000 --> 00:07:11.160 know what would it take to burst the bubble for gold? 136 00:07:11.800 --> 00:07:13.920 And they said, when you look at when that has happened, 137 00:07:13.920 --> 00:07:16.199 like you're just talking about one of those incidents, it's 138 00:07:16.279 --> 00:07:19.439 because people have lost faith in the Federal Reserve and 139 00:07:19.439 --> 00:07:22.639 then they got that faith back. I don't see that happening. 140 00:07:23.040 --> 00:07:26.959 I don't see the Federal Reserve being able to get 141 00:07:27.199 --> 00:07:29.319 people's confidence back. Even if they could do it at 142 00:07:29.319 --> 00:07:32.120 the retail level, they're not going to do it based 143 00:07:32.160 --> 00:07:34.439 on the sanctions that have been put in by Biden 144 00:07:34.480 --> 00:07:38.360 and by Trump and others, and with the competition coming 145 00:07:38.360 --> 00:07:41.920 from bricks, they're not going to get the confidence of 146 00:07:42.360 --> 00:07:44.319 countries back, even if they could do it at the 147 00:07:44.319 --> 00:07:47.519 retail level. So I don't think that's going to happen. 148 00:07:48.040 --> 00:07:51.519 And when you look at all of the fundamental issues 149 00:07:52.040 --> 00:07:55.720 in terms of inflation, in terms of debt, those are 150 00:07:55.720 --> 00:07:58.759 all still there, bigger than we've ever seen in the past. 151 00:07:59.240 --> 00:08:02.600 And what Trump is doing is adding a layer of 152 00:08:02.720 --> 00:08:07.040 chaos and instability to businesses, which we were already were 153 00:08:07.079 --> 00:08:13.480 headed for a stagflation or a selenty said dragflation. And 154 00:08:13.759 --> 00:08:16.720 when you add that kind of chaos and instability that 155 00:08:16.759 --> 00:08:21.160 people can't plan on, then it just makes it all worse. 156 00:08:23.480 --> 00:08:28.279 No, it does, and that's I think misunderstanding where we 157 00:08:28.319 --> 00:08:32.200 are too and having normalcy bias has hurt the average consumer, 158 00:08:32.360 --> 00:08:35.919 the average American and possibly every person around the world. 159 00:08:35.960 --> 00:08:40.399 The IMF just came out and said that they expect 160 00:08:40.600 --> 00:08:46.279 that global debt will reach one hundred percent of global 161 00:08:46.320 --> 00:08:49.399 GDP by twenty thirty. Yeh, yeah, Now isn't that an 162 00:08:49.440 --> 00:08:53.519 interesting metric. Yeah, we're talking about twenty thirty and we've been. 163 00:08:54.960 --> 00:08:55.879 Calling out the. 164 00:08:56.639 --> 00:09:01.360 It's a broken world predictive programming of the great Reset. 165 00:09:01.799 --> 00:09:02.759 For a long time. 166 00:09:03.519 --> 00:09:06.600 I think these things go hand in hand, the projections 167 00:09:06.639 --> 00:09:09.759 that are out there of global debt to GDP, the 168 00:09:09.799 --> 00:09:14.120 collapse of Fiat currencies, the resetting of things. It's very 169 00:09:14.120 --> 00:09:17.759 important to pay attention to these fundamentals about prices and commodities. 170 00:09:18.159 --> 00:09:21.200 Wall Street's really talking more about the periodic table than 171 00:09:21.240 --> 00:09:22.080 they have in a long time. 172 00:09:22.120 --> 00:09:23.960 I got that from Gold Telegraph. 173 00:09:23.960 --> 00:09:27.200 He's talking about how he was overhearing traders talking about 174 00:09:27.200 --> 00:09:31.200 copper and things that they you know, years ago you 175 00:09:31.200 --> 00:09:33.360 wouldn't have heard it would be tech stocks and AI. 176 00:09:34.399 --> 00:09:37.440 But I think getting looking around the world, seeing what 177 00:09:37.799 --> 00:09:42.960 nation states are hoarding and what they're stockpiling based off 178 00:09:43.000 --> 00:09:48.399 of I think the devaluation that's inevitable, the devaluation of 179 00:09:48.440 --> 00:09:52.840 Fiat currencies is really important to understand those metrics. Yes, 180 00:09:53.039 --> 00:09:56.480 and I think the average person here in this country 181 00:09:56.799 --> 00:10:00.360 is going to get caught flat footed, unfortunately, because just 182 00:10:00.480 --> 00:10:04.120 going off of you know, these rate cuts and other 183 00:10:04.120 --> 00:10:07.279 things that it really don't matter much in especially in 184 00:10:07.360 --> 00:10:10.720 the long term. They matter in the short term, but 185 00:10:10.759 --> 00:10:15.039 it's not changing the fundamentals of what we're witnessing in this. 186 00:10:17.279 --> 00:10:18.759 Revaluation of all things. 187 00:10:18.840 --> 00:10:21.120 Well, when you look at the global great reset and 188 00:10:21.159 --> 00:10:23.159 the great taking and all the rest of this stuff 189 00:10:23.200 --> 00:10:26.679 that's there, Trump has got a really important role to 190 00:10:26.720 --> 00:10:29.879 play in all this. He has been sowing global discord 191 00:10:30.840 --> 00:10:33.919 with his tariff tantrums that are out there, and so 192 00:10:34.240 --> 00:10:36.519 we look at it and we say, we argue about 193 00:10:36.559 --> 00:10:38.279 whether or not he's got the power to do this, 194 00:10:38.480 --> 00:10:41.720 and you know, what is the basis for him putting 195 00:10:41.759 --> 00:10:44.399 this stuff in? But the reality is is that this 196 00:10:44.519 --> 00:10:48.200 is exactly what the globalists want to have done, and 197 00:10:48.240 --> 00:10:51.559 so it really kind of plays into everything they want 198 00:10:51.639 --> 00:10:54.240 to the extent that you have to wonder if, just 199 00:10:54.320 --> 00:10:57.519 like in twenty twenty, if he isn't the leader for 200 00:10:57.600 --> 00:11:00.120 the globalist agenda rather than the leader of the opposition, 201 00:11:00.840 --> 00:11:03.759 because he's putting all this stuff in, you know, and 202 00:11:04.440 --> 00:11:07.279 all this chaos that is out there. Canada just cut 203 00:11:07.360 --> 00:11:09.759 theirs by their interest rates by a quarter bule percent. 204 00:11:09.960 --> 00:11:13.159 They're about one and a half points in terms of 205 00:11:13.200 --> 00:11:15.919 interest rates below us. They're down at two and a 206 00:11:16.000 --> 00:11:19.519 quarter and they say it's because of structural damage caused 207 00:11:19.519 --> 00:11:25.080 by the Trump tantrums, reducing capacity of the economy and 208 00:11:25.120 --> 00:11:28.159 adding costs to people limits a role that monetary policy 209 00:11:28.200 --> 00:11:31.320 can play, and so they're saying, you know, these Trump 210 00:11:31.399 --> 00:11:34.600 tariffs and trade policy have harmed our economy, and of 211 00:11:34.600 --> 00:11:39.159 course it's harming a lot of other economies, and it's just, 212 00:11:39.799 --> 00:11:42.919 you know, we have this global system, which I'm not 213 00:11:42.960 --> 00:11:46.200 a big fan of, but that's what we have right now. 214 00:11:46.279 --> 00:11:49.440 And what he's doing is he's just wrecking it like 215 00:11:49.480 --> 00:11:52.399 you wrecked the supply chains in twenty twenty with his lockdown, 216 00:11:52.919 --> 00:11:55.960 and in a sense, what he's doing is contributing to 217 00:11:56.039 --> 00:11:59.960 this chaos and this reset that is there doing it 218 00:12:00.039 --> 00:12:03.840 globally because all these different lines have been connected to 219 00:12:03.919 --> 00:12:08.840 the United States and it is just just you know, 220 00:12:08.879 --> 00:12:12.559 by abruptly cutting off these supply things, rather than going 221 00:12:12.600 --> 00:12:16.279 through an orderly transition or having a plan, he just 222 00:12:16.480 --> 00:12:20.840 does this knee jerk reaction and does it all at 223 00:12:20.840 --> 00:12:23.519 once and say, Okay, we're going to cut this off. Nay, 224 00:12:23.519 --> 00:12:25.799 you can build your business back up by your own 225 00:12:25.840 --> 00:12:30.039 bootstraps without the suppliers that you've been getting product from. 226 00:12:30.279 --> 00:12:32.919 And so he's harming American businesses as well. But the 227 00:12:32.960 --> 00:12:35.759 impact that he's having around the world is huge. 228 00:12:38.360 --> 00:12:41.360 Yeah, and it's disastrous. Yeah, you and I both know 229 00:12:41.960 --> 00:12:45.080 what grows an economy. What what what made the United 230 00:12:45.120 --> 00:12:47.919 States great in the first place? You know, it's free markets. 231 00:12:48.399 --> 00:12:51.840 There was there was a plan, Yes, there was, there 232 00:12:51.879 --> 00:12:53.320 was coherence. 233 00:12:53.039 --> 00:12:55.919 And government was out of our lives. People. People can 234 00:12:56.039 --> 00:12:57.799 make a plan. Government was out of our lives. It 235 00:12:57.840 --> 00:13:00.000 didn't it didn't have a heavy tax burden on them, 236 00:13:00.559 --> 00:13:04.559 and so you had stability, you had freedom, and people 237 00:13:04.559 --> 00:13:06.840 can invest in the future. All this stuff has been 238 00:13:06.879 --> 00:13:08.519 shut down. These types of policies. 239 00:13:10.360 --> 00:13:12.679 You go back to COVID nineteen eighty four. I mean, 240 00:13:12.679 --> 00:13:16.639 look at the smashing of small business. I mean just 241 00:13:16.720 --> 00:13:20.200 the wrecking of the system and the supply lines. And 242 00:13:21.360 --> 00:13:24.559 that wasn't the beginning of inflation in this country, but 243 00:13:24.639 --> 00:13:26.960 it certainly was the accelerant that was poured on it. 244 00:13:27.080 --> 00:13:30.799 And think of the wealth that has been stolen from 245 00:13:30.879 --> 00:13:34.240 the average American. Think of this transfer of wealth, likes 246 00:13:34.279 --> 00:13:36.679 of which we've never seen before. The only thing that 247 00:13:36.720 --> 00:13:40.039 even comes close to it was the free trade policies 248 00:13:40.039 --> 00:13:45.080 put in by the technocrats and the oligarchs back in 249 00:13:45.080 --> 00:13:47.840 the nineteen seventies who wanted to transfer the wealth away 250 00:13:47.840 --> 00:13:53.360 from the United States and moved eastward. Absolutely nothing like 251 00:13:53.559 --> 00:13:58.159 this though, we've not seen anything ever before. This massive 252 00:13:58.200 --> 00:14:02.399 transfer of wealth that's gone onntinues to go on. And no, 253 00:14:02.519 --> 00:14:05.279 you're right to call this out because if you really 254 00:14:05.320 --> 00:14:08.759 wanted to grow the economy, you have the markets love certainty, 255 00:14:09.240 --> 00:14:14.399 and not only that, but incentives for people, let for 256 00:14:14.480 --> 00:14:16.720 them to be able to feel safe to take risks. 257 00:14:17.240 --> 00:14:17.879 I don't see that. 258 00:14:17.960 --> 00:14:22.399 There's lots of small manufacturers that are absolutely baffled. 259 00:14:22.679 --> 00:14:24.120 You look at the cattle industry. 260 00:14:24.799 --> 00:14:25.639 Oh yeah, they have. 261 00:14:25.639 --> 00:14:29.840 No idea like why are we helping Argentinian beef producers 262 00:14:30.440 --> 00:14:35.000 over our own? You know, we're injecting cash all over 263 00:14:35.039 --> 00:14:38.919 the world into places that again they're not it's not 264 00:14:39.000 --> 00:14:41.879 our business, and it's not America first. All that stuff 265 00:14:41.879 --> 00:14:47.919 that really is just shameful and all of those fundamentals too. 266 00:14:47.960 --> 00:14:49.679 Everything that we're doing right now will. 267 00:14:49.519 --> 00:14:54.279 Have lasting repercussions, unfortunately for this continual transfer of wealth. 268 00:14:54.320 --> 00:14:57.399 And that's why it's important to understand the difference between 269 00:14:57.480 --> 00:14:58.399 currency and money. 270 00:14:58.799 --> 00:15:00.480 Well, when you look at more than ever, the entire 271 00:15:00.559 --> 00:15:04.200 Chicago border trade, as I said this last week, why 272 00:15:04.279 --> 00:15:06.559 is that there, Well, it's because farmers want to be 273 00:15:06.559 --> 00:15:08.759 able to lock in a price at some point. They're 274 00:15:08.799 --> 00:15:11.519 willing to pay a premium for that. And that's the 275 00:15:11.639 --> 00:15:15.600 entire reason that that giant Chicago border trade exists is 276 00:15:15.679 --> 00:15:18.960 to lock in prices for farmers so that they have 277 00:15:19.240 --> 00:15:23.000 certainty so they can make plans. And what Trump is 278 00:15:23.039 --> 00:15:27.039 doing is single handedly worse than just taking out the 279 00:15:27.159 --> 00:15:30.279 entire Chicago border trades. Like he flew over it with 280 00:15:30.440 --> 00:15:33.600 his jet and dropped a bunch of excrement on it. 281 00:15:35.559 --> 00:15:38.600 That's what's really happening to all the cattle farmers, and 282 00:15:39.039 --> 00:15:43.039 so it's it's and not just them, other farmers as well, 283 00:15:43.919 --> 00:15:47.000 the cattle ranchers, I should say, but also the farmers, 284 00:15:47.039 --> 00:15:50.879 because they've got to have that certainty. And that's what 285 00:15:51.000 --> 00:15:54.519 Trump is destroying. Nobody can make any plans. Nobody knows 286 00:15:54.519 --> 00:15:56.919 what's going to happen. And that's true not just for 287 00:15:57.000 --> 00:15:59.600 the farmers and the ranchers, it's also true for all 288 00:15:59.639 --> 00:16:03.360 the small retailers, all the small manufacturers. They need to 289 00:16:03.440 --> 00:16:05.759 know what their parts are going to cost, or what 290 00:16:05.799 --> 00:16:08.360 their goods are going to cost. If they're a manufacturer, 291 00:16:08.399 --> 00:16:10.320 they're going to have to get some parts. They don't 292 00:16:10.360 --> 00:16:11.559 know if they're even going to be able to get 293 00:16:11.600 --> 00:16:15.200 the parts anymore. It might be embargoed. But if they 294 00:16:15.240 --> 00:16:16.480 get it, they don't know if it's going to be 295 00:16:16.559 --> 00:16:18.440 a twenty percent tariff or it's going to be one 296 00:16:18.480 --> 00:16:20.879 hundred percent tariff. You can't operate like that. 297 00:16:22.440 --> 00:16:26.200 And this was supposed to be, you know, the basis 298 00:16:26.200 --> 00:16:29.000 for bringing jobs back to this country, and we've just 299 00:16:29.080 --> 00:16:32.399 weaponized the dollar by other means. That's what the threat 300 00:16:32.440 --> 00:16:36.799 of tariffs, and in the incoherence of the blanket tariffs 301 00:16:36.799 --> 00:16:40.840 that they put out, I mean, it really is, you know, 302 00:16:40.919 --> 00:16:45.159 the playbook for accelerating the Great Reset. I mean that's 303 00:16:45.159 --> 00:16:49.039 all that is. I mean, it's we're not winning. I 304 00:16:49.080 --> 00:16:50.799 know we're supposed to get or we're supposed to be 305 00:16:50.879 --> 00:16:53.399 tired of winning by now, David, that's what I was told. 306 00:16:53.960 --> 00:16:55.519 We're going to get so tired of winning. But we're 307 00:16:55.559 --> 00:16:55.919 not winning. 308 00:16:56.000 --> 00:16:57.320 And that's I. 309 00:16:57.279 --> 00:16:59.080 Think they must spell that. I'm just tired of the 310 00:16:59.120 --> 00:17:02.720 whining coming out of the White House. I'm very tired 311 00:17:02.720 --> 00:17:06.119 of that. Yeah, but let's look at gold, because we 312 00:17:06.240 --> 00:17:10.480 just had the London Bullion Market Association talked about where 313 00:17:10.480 --> 00:17:12.599 they think gold is going to go in the next year. 314 00:17:13.039 --> 00:17:16.279 Last year, they thought that gold this year would get 315 00:17:16.359 --> 00:17:20.359 up to twenty nine forty one announce and it's quite 316 00:17:20.359 --> 00:17:23.839 a bit higher than that obviously, and so it's up 317 00:17:23.839 --> 00:17:26.640 around Instead of twenty nine hundred and around three thousand, 318 00:17:27.039 --> 00:17:29.119 it is now around four thousand. So they missed it 319 00:17:29.119 --> 00:17:32.240 by about a third. So they were pretty conservative on it, 320 00:17:32.759 --> 00:17:36.640 and they are expecting that gold is going to get 321 00:17:36.720 --> 00:17:40.640 up to around five thousand and about a year. And 322 00:17:40.680 --> 00:17:44.279 while we're talking about London and the medals, did we 323 00:17:44.319 --> 00:17:46.039 talk about when you were here last week. Did we 324 00:17:46.079 --> 00:17:48.880 talk about what happened with silver and India and all 325 00:17:48.920 --> 00:17:51.839 the rest of that stuff, the massive shortage of that stuff. Yeah, 326 00:17:51.920 --> 00:17:55.319 so silver has done quite a bit better than they 327 00:17:55.480 --> 00:17:58.839 thought it would. Gold is seeing its best annual gains 328 00:17:58.960 --> 00:18:03.079 since nineteen seven, prices up fifty percent this year. However, 329 00:18:03.599 --> 00:18:06.720 it's not the best performing asset of precious metals. Silver 330 00:18:07.480 --> 00:18:11.640 is up sixty one percent year to date and platinum 331 00:18:11.839 --> 00:18:14.079 is up by ninety three percent. You said people are 332 00:18:14.119 --> 00:18:21.119 looking at the the different minerals and trading that the 333 00:18:22.599 --> 00:18:25.440 chart there, So I guess palladium is another one of 334 00:18:25.480 --> 00:18:30.240 these things that's there. But anyway, forty percent participants expect 335 00:18:30.279 --> 00:18:33.720 gold to be the top performing asset and precious metals 336 00:18:34.119 --> 00:18:40.240 through twenty twenty six. And so again last year they 337 00:18:40.240 --> 00:18:44.599 thought it would be silver, and it was silver. And 338 00:18:44.640 --> 00:18:48.440 then you see what is happening with tether Lucky Lutnix company. 339 00:18:48.480 --> 00:18:55.559 They are making massive investments in gold and then tokenizing it. 340 00:18:56.319 --> 00:18:58.200 And I'm looking at this, I'm thinking, why in the 341 00:18:58.240 --> 00:19:02.680 world would you want to own gold that way? When 342 00:19:02.680 --> 00:19:06.839 you look at all of the different issues about how 343 00:19:07.000 --> 00:19:09.319 they can change the rules about what you can do 344 00:19:09.519 --> 00:19:13.559 with your token coins. They can completely shut you off. 345 00:19:13.880 --> 00:19:16.920 You can have any kind a lot of different kinds 346 00:19:16.920 --> 00:19:20.079 of cyber attacks or things like that that can separate 347 00:19:20.160 --> 00:19:23.039 you from your ownership of that stuff. I'm just looking 348 00:19:23.079 --> 00:19:25.480 at it. I'm saying, what's in it for the people 349 00:19:25.519 --> 00:19:27.640 that are out there. I just really don't understand that 350 00:19:28.119 --> 00:19:30.079 the risk's greatly fign Yeah. 351 00:19:30.160 --> 00:19:32.279 I mean, if you don't understand the risk of the 352 00:19:32.319 --> 00:19:35.440 counting party risk of those type of coins, then yeah, 353 00:19:35.480 --> 00:19:38.000 maybe it looks great to you and you can digitize whatever. 354 00:19:38.119 --> 00:19:40.680 Maybe you have a lot more faith in the system 355 00:19:40.720 --> 00:19:43.440 than I do. But think about that. Think about the 356 00:19:43.519 --> 00:19:47.599 power to take something digital and then buy real assets 357 00:19:47.640 --> 00:19:51.599 with that. When somebody gives you value for the digitized 358 00:19:51.599 --> 00:19:53.440 thing that you made up, I mean, that is a 359 00:19:53.920 --> 00:19:56.720 that's a brig that's not since the credit card fees 360 00:19:57.319 --> 00:19:59.160 have since something been so brilliant. 361 00:20:00.039 --> 00:20:02.200 It's almost evil genius. Or maybe it is. 362 00:20:02.400 --> 00:20:05.519 Oh, it is evil genius and it's Scott Bessen and 363 00:20:05.519 --> 00:20:09.200 it's the Trump family. There's a long article from Reuters 364 00:20:09.680 --> 00:20:13.720 about the Trump family's global crypto cash machine and the 365 00:20:13.759 --> 00:20:16.759 connections that they've made with other foreign governments who have 366 00:20:17.079 --> 00:20:20.640 who are able to invest in these crypto ventures. They 367 00:20:20.640 --> 00:20:25.440 have a World Liberty Financial which is WLF instead of 368 00:20:25.559 --> 00:20:29.480 w EF, but kind of the same idea. You will 369 00:20:29.519 --> 00:20:32.680 own nothing and you will transfer all of your wealth 370 00:20:32.680 --> 00:20:35.119 to the Trump family and they will do a pump 371 00:20:35.160 --> 00:20:37.440 and dump on you, which they've already pulled off once 372 00:20:37.480 --> 00:20:40.640 this year on people. It's pretty amazing. But they see 373 00:20:40.680 --> 00:20:45.880 themselves as replacing banks and even as replacing the Central Bank, 374 00:20:46.160 --> 00:20:48.799 I think is what their goal is, and they're going 375 00:20:48.839 --> 00:20:51.160 to become probably trillionaires off of this thing. 376 00:20:52.839 --> 00:20:53.640 That is the play. 377 00:20:53.720 --> 00:20:57.640 I think there's a reason why, you know, especially with 378 00:20:57.720 --> 00:21:02.640 the difference between the Harris administration that never was in 379 00:21:02.680 --> 00:21:06.599 this one as the push for CBDC and the centralized 380 00:21:06.839 --> 00:21:10.279 plan to digitize through the Federal Reserve, or as the 381 00:21:10.319 --> 00:21:13.519 plan to do it through stable coin in this public 382 00:21:13.559 --> 00:21:17.440 private partnership. And think about the wealth that'll be created 383 00:21:17.480 --> 00:21:22.039 for a few again when you start using these stable 384 00:21:22.079 --> 00:21:26.400 coins and if they you know, dollar for dollar, you 385 00:21:26.480 --> 00:21:28.519 trade it in and they buy real assets, which they're doing. 386 00:21:28.519 --> 00:21:30.839 They're buying bitcoin and they're buying gold and other things. 387 00:21:30.880 --> 00:21:34.480 And you mentioned that you know the Trump family, and 388 00:21:34.640 --> 00:21:38.519 I think it's Eric Trump with the American Bitcoin yeah, 389 00:21:38.559 --> 00:21:41.599 and Don Junior is involved with another what I believe 390 00:21:41.599 --> 00:21:42.279 out of Japan. 391 00:21:43.039 --> 00:21:47.799 Well, we look at this World Liberty financial thing. You've 392 00:21:47.839 --> 00:21:51.920 got Eric and Don Jor and Baron are listed as 393 00:21:51.960 --> 00:21:56.559 the co founders, along with Witcoff's two kids. That's Trump's 394 00:21:56.559 --> 00:21:59.240 real estate partners, now his special envoy to Israel in 395 00:21:59.279 --> 00:22:03.680 other places, and Trump is listed. This is really funny. 396 00:22:04.039 --> 00:22:08.920 As emeritus co founder, I got to get his name 397 00:22:08.960 --> 00:22:12.839 on there. And so Reuters went around talking to these 398 00:22:14.319 --> 00:22:18.960 different individuals, many of them high ranking government officials and 399 00:22:19.039 --> 00:22:21.319 other countries that are pouring massive amounts of money in 400 00:22:21.960 --> 00:22:25.039 and they're pretty clear that they said, well, there's been 401 00:22:25.079 --> 00:22:28.519