Speaker 1: All right, welcome back. And of course I heard the
Speaker 1: belt on Christmas Day. I was written during the Civil War.
Speaker 1: Guy was saying, wait a minute, what is all this
Speaker 1: about peace on earth? Well, it wasn't about that kind
Speaker 1: of peace. It definitely wasn't about that. But joining us
Speaker 1: now after Tony has had some peace, peace and quiet
Speaker 1: for a little bit of time. He took some time
Speaker 1: off for the holidays. Good to have you, aunt, Tony.
Speaker 1: How was your holidays?
Speaker 2: It was fantastic, David, It's great to see you again.
Speaker 2: It's good to be back. Took a little bit of
Speaker 2: time off and traveled a little bit and just again
Speaker 2: absorbing all this stuff going into twenty twenty five. I
Speaker 2: knew it was going to be turbulent. Just I felt
Speaker 2: like that going into twenty twenty and a lot of
Speaker 2: times the history doesn't repeat, but it rhymes. And they
Speaker 2: were starting it off with a bang.
Speaker 1: It looks like, oh yeah, absolutely, And we were talking
Speaker 1: about laughing about the fact that the Treachery got hacked.
Speaker 1: I talked about this, I guess on Tuesday. I said,
Speaker 1: it's only fair since they hacked our financial system that
Speaker 1: they would get hacked. But of course we don't know
Speaker 1: but it was the Chinese, as I said, because of
Speaker 1: Ault seven. What we do know is that it is
Speaker 1: impossible for them to know who hacked them. It could
Speaker 1: have been any state actor that could have made it
Speaker 1: look like the Chinese if in fact they did that,
Speaker 1: or it could be any individuals. It could be any
Speaker 1: criminals who wanted to do that. So we don't know.
Speaker 1: So they've obviously got an agenda to say that it
Speaker 1: was a Chinese who did it. And of course that's
Speaker 1: the other thing that's worrying about twenty twenty five, that
Speaker 1: is a war with China.
Speaker 2: That's right, And I mean, if if it was the Chinese,
Speaker 2: jokes on them, because we've already done the damage to
Speaker 2: our financial system ourselves. We don't need their help. It's
Speaker 2: kind of like the scene on Dumb and Dumber when
Speaker 2: they opened the briefcase. It's full of IOUs and they
Speaker 2: say those are io us. Those are better than money,
Speaker 2: and that's pretty much what our treasureries Doe.
Speaker 3: I never saw that movie. To see that scene, that's great.
Speaker 1: So what do you how do you look at the
Speaker 1: next year here when we look at gold and bitcoin.
Speaker 1: I mean, last time we talked, bitcoin was up at
Speaker 1: record highs and everything. It's now dropped down. Gold has
Speaker 1: dropped down. So what of course a lot of that's
Speaker 1: going to be year in profit taking. What do you
Speaker 1: see happening as we move forward.
Speaker 2: Well, that's exactly right on bitcoin. I think it's year
Speaker 2: in profit taking. And right now the whales are still
Speaker 2: accumulating bitcoin. I see a drive in price. I don't
Speaker 2: know some of the bitcoin maximist you know, they call
Speaker 2: for some wild predictions, you know, a million dollar Bitcoin
Speaker 2: in the next year and a half. I really don't
Speaker 2: see that. But I do see a continual trend upward
Speaker 2: as far as the dollar is concerned, and that's because
Speaker 2: we have a weaker dollar. I mean, the dollar is
Speaker 2: going to continue to lose purchasing power. And I know
Speaker 2: this because Trump's calling for the removal of the debt
Speaker 2: ceiling thirty six trillion dollars in debt that only increases
Speaker 2: about every one hundred days. You see another addition of
Speaker 2: about a trillion, So the dollar is going to have
Speaker 2: to be weakened in order to inflate their way out
Speaker 2: of all the fiscal damage that's been done over many decades.
Speaker 2: And that's again all accelerating the same thing with gold.
Speaker 2: Gold's going to continue against the dollar, will continue to
Speaker 2: rise in price. But these are all things that I think,
Speaker 2: I think, you know, we step back every week and
Speaker 2: we talk about this. It's not necessarily the gold is
Speaker 2: the best investment on earth or something. It's just money
Speaker 2: against something that is fake. Gold is always going to
Speaker 2: retain some sort of value, and we talk about that
Speaker 2: just relative to what it was purchasing power one hundred
Speaker 2: years ago. I mean, gold buys the same amount of land, crude, oil, clothing,
Speaker 2: and groceries that it did relative to you know, again
Speaker 2: price of inflation or you know, any statistical anomaly. Gold
Speaker 2: is going to buy about the same amount of product
Speaker 2: that it did one hundred years ago. And looking at
Speaker 2: the markets and everything that we're seeing now, there's no
Speaker 2: reason to think that we're going to get fiscally responsible.
Speaker 2: Even if you bring in something like the Doge thing
Speaker 2: with Elon Musk and Vivt. When I'm Aswami, you're still
Speaker 2: going to see even if they are able to lay
Speaker 2: off people and cut government spending, it's going to cause
Speaker 2: damage to the GDP. We are reliant on debt, We
Speaker 2: are reliant on the creation of cheap fiat currency to
Speaker 2: maintain this system, that system, and that's the fatal flaw
Speaker 2: in the fiat currency system, in the central banking system
Speaker 2: is in order to do anything, you have to create
Speaker 2: more currency. You know, that is the truth if you
Speaker 2: really boil it down, because we have a central bank,
Speaker 2: the way it works, if you were ever to try
Speaker 2: to pay off the debt, you would have to create
Speaker 2: more currency to do it. That's the snaky in its
Speaker 2: own tail. That was you know, the Federal Reserve itself.
Speaker 2: So we're not going to get out of that trap.
Speaker 2: And that's why I think things that are finite gold, silver,
Speaker 2: bitcoin against our modern you know, fiat currency monetary system,
Speaker 2: we're always going to be doing well.
Speaker 3: Yeah.
Speaker 1: Yeah, as Wyter fact, Trump doesn't believe that DOJ is
Speaker 1: going to work. Does He wouldn't be so adamant and
Speaker 1: angry about getting the debt ceiling rays for another two
Speaker 1: years if he thought DOZE was going to do anything.
Speaker 1: He knows it's not going to do anything. They've had
Speaker 1: commission after commission go out and make recommendations, and of
Speaker 1: course Congress won't act on it. So yeah, it isn't
Speaker 1: going to really make any difference with that well, you
Speaker 1: were you know, I guess the last week or so
Speaker 1: I talked about the fact that there was there was
Speaker 1: an article saying that for every dollar that the government spends,
Speaker 1: it takes five dollars out of the GDP in many cases,
Speaker 1: but I'm sorry for taxes, should say every dollar in taxes,
Speaker 1: it takes five dollars out of the GDP. But E
Speaker 1: said for every bureaucrat job, that one bureaucrat destroys one
Speaker 1: hundred and thirty eight jobs with regulations, and.
Speaker 3: So that's yeah, yeah, that was.
Speaker 1: An interesting study that was done by university, and I
Speaker 1: think it was Musas that put that out there. But
Speaker 1: we talk about inflation. Just a little story here. Karen
Speaker 1: and I watched Brigadon, and because we've never seen this version,
Speaker 1: I hated. I was in middle school. I was in
Speaker 1: the pit band that did it, so I liked the
Speaker 1: music and I had some fond memories of it. We
Speaker 1: had a little bit of time with the holiday, and
Speaker 1: so we watched a TV production of it that was
Speaker 1: done by Robert Goulay that really focused more on the
Speaker 1: music then on the sets and things like that. They
Speaker 1: didn't thing, so I thought, well, that was pretty good,
Speaker 1: and I thought, and at the very end of it,
Speaker 1: it was the whole thing was sponsored by Armstrong. Andy said, well,
Speaker 1: you can pick up this album for one dollar at
Speaker 1: the Armstrong store. And I thought, I wonder if anybody's
Speaker 1: got that album. And I found it on the internet
Speaker 1: and it only costs four dollars, and I said, I
Speaker 1: wonder how much that one dollar in nineteen sixty six
Speaker 1: would be. Well, of course, you know, they use these
Speaker 1: inflation calculators, use the government's calculation, so it's it's under reported.
Speaker 1: But it said that that one dollar album would cost
Speaker 1: ten dollars today, nine to ninety five. And Whistler said, well,
Speaker 1: look at that. Look at all the money you save
Speaker 1: just by waiting for sixty years. But that's the whole
Speaker 1: reason we get gold, isn't it Because gold appreciate some
Speaker 1: of those period of time because the dollar is depreciating
Speaker 1: against it, it's still staying the same.
Speaker 3: It's just that the fiacht currency is disappearing.
Speaker 2: That's right. I mean, gold and silver hold their value.
Speaker 2: They our money. And that's why you won't find the
Speaker 2: word investment on any of my websites. I don't call
Speaker 2: it that. That's not what it is. It's a representation.
Speaker 2: It's the storage of energy, work, and time that maintains
Speaker 2: its value, and it has pretty much for the last
Speaker 2: five thousand years. And the modern economy certainly. I mean,
Speaker 2: we've gone out the gold standard in nineteen seventy one,
Speaker 2: and that's what I track. I mean, all these numbers
Speaker 2: of these metrics, I don't even think they're real. I mean,
Speaker 2: look at the price of silver. I don't think the
Speaker 2: price of silver should be what it is today. I
Speaker 2: think it should be much higher. Just given the fact
Speaker 2: of the deficits and silver that are in the two
Speaker 2: hundred million ounces a year that were short and have
Speaker 2: to take from the above ground supply. The gold silver
Speaker 2: ratio is completely off historically, We're way off the mark
Speaker 2: for that. So I watch all kinds of things like that, David,
Speaker 2: that lead me to continue to be bullish on whatever
Speaker 2: that means for pricing on gold and silver. But the
Speaker 2: world's moving away from the dollar. That's certainly going to
Speaker 2: change all of our perceptions of of what the dollar
Speaker 2: means and what our financial situation is here in the
Speaker 2: United States. That's going to continue to be precarious, It's
Speaker 2: going to be up in the air. Because the world's
Speaker 2: dumping it, and it's dumping it rapidly. I mean, I
Speaker 2: saw a metric the other day it was like world
Speaker 2: usage of the dollar in foreign reserves was seventy three
Speaker 2: percent or so in two thousand and one, and it's
Speaker 2: under fifty five percent today in dwindling and of course
Speaker 2: the second most held reserve asset in the world after
Speaker 2: Basel three and a few years ago, back in twenty
Speaker 2: twenty one, the Bank of International Settlements made gold a
Speaker 2: Tier one asset on the books instead of a Tier
Speaker 2: three and so that's basically on par with currency. And
Speaker 2: it's now supplanted the Euro. So it used to be
Speaker 2: the dollar and then the euro and world reserve currency assets,
Speaker 2: and now it's the dollar and gold. And I've said
Speaker 2: many times already this last few months that I think
Speaker 2: gold's already taken the dollar is the world's reserve currency.
Speaker 2: Given what BRICKS is trying to do. It's not that
Speaker 2: Bricks is trying to create a different currency, it's just
Speaker 2: cross border payment systems and ways for them to trade
Speaker 2: based on something backed by gold.
Speaker 1: Yeah, yeah, absolutely. You know, you've talked about this many
Speaker 1: times about Gerald Ford making gold legal. Did you realize
Speaker 1: that it was fifty years ago on New Year's Eve,
Speaker 1: that was when he made that declaration. He rescinded the
Speaker 1: executive Order of FDR and he made gold legal for
Speaker 1: American citizen's holding any amount. I think I had always
Speaker 1: thought that it was a prohibition of Americans holding gold,
Speaker 1: but he prohibited them having more than one hundred dollars
Speaker 1: worth of gold at a time. So he got rid
Speaker 1: of that with his executive order, which again is another
Speaker 1: thing we see Trump all the time saying he can't
Speaker 1: do this or can't do that. And he asked the
Speaker 1: Supreme Court if he can get rid of the executive
Speaker 1: orders from the previous presence. No, no, no, you can't do that.
Speaker 1: But of course you can't. But that was fifty years ago.
Speaker 1: That didn't happened.
Speaker 2: I made a post of that, just sort of meditating
Speaker 2: on that on New Year's Eve, and I thought, you know,
Speaker 2: I feel like I'm in the right place at the
Speaker 2: right time. All the things that I study in my
Speaker 2: wheelhouse and things that interest me, and I realize just
Speaker 2: the historical significance of the time that we're in. You've
Speaker 2: got to remember the average lifespan of a fiat currency
Speaker 2: is twenty six years, so we've doubled that and now
Speaker 2: we're on the edge, I think the knife's edge of
Speaker 2: a real change when it comes to the financial system.
Speaker 2: And I mean I saw something of the day corporate debt,
Speaker 2: David it is eight trillion. Wow, corporate debt eight trillion.
Speaker 2: There's this, all these metrics that are showing us that
Speaker 2: all these things are unsustainable because you know, every time
Speaker 2: we get into a problem, especially in the last twenty
Speaker 2: and thirty years, they just decided will inflate our way
Speaker 2: out of this. Yeah, whether it's too big to fail
Speaker 2: in jail or just you know, unnecessary unconstitutional wars, you know,
Speaker 2: the welfare state, the entrenched deep state, whatever the programs
Speaker 2: and things they need to fund the two point three
Speaker 2: trillion dollars that Donald RUMs couldn't find on September tenth,
Speaker 2: two thousand and one. All these things come back to
Speaker 2: the fake currency. And so we're going to see I think,
Speaker 2: just continual bad policy from the federal government and emanating
Speaker 2: from all central banks around the world. That's why I'm
Speaker 2: looking at what money used to be. And I think
Speaker 2: history will I think history will treat us pretty kindly.
Speaker 1: Yeah, oh yeah, yeah, I look at that. I said,
Speaker 1: I don't know when Nixon resigned and Jerrell Ford took over,
Speaker 1: but that was pretty close to the beginning of it.
Speaker 1: I mean, you know, he got resigned in seventy three
Speaker 1: or something, didn't he.
Speaker 2: Yeah, Nixon resigned in August ninth, nineteen seventy four.
Speaker 3: And wow.
Speaker 2: Yeah, so it was that way. Yeah. Ford, I think
Speaker 2: pardoned Nixon right after that and with a couple of months,
Speaker 2: and then Jerrell Ford made gold illegal and that's right, FDR.
Speaker 2: It didn't necessarily make it illegal free to own gold.
Speaker 2: It was, like you said, one hundred dollars worth, and
Speaker 2: I think there was some things left over for collectibles.
Speaker 2: There's obviously dentists and jewelers. But he made it to
Speaker 2: where you couldn't use gold as your primary metric of savings.
Speaker 2: That's what they wanted to make sure that, you say.
Speaker 2: They called it anti hoarding, which is an interesting word.
Speaker 2: They didn't want you to be able to use it
Speaker 2: for your wealth.
Speaker 3: Yeah, yeah, wow.
Speaker 1: You know, it is interesting as we see the passing
Speaker 1: of Jimmy Carter to think about the fact that we
Speaker 1: look at his record that he had compared to Gerald Ford,
Speaker 1: who was I'm not a big Ford supporter, but I
Speaker 1: tell you what, compared to Jimmy Carter, it truly was amazing.
Speaker 1: I'm not going to see Carter do something like this.
Speaker 1: But you know, you mentioned the fact that you know,
Speaker 1: gold is not an investment, right, it is a store.
Speaker 3: Of value or whatever.
Speaker 1: But when we look at bitcoin, Aaron Day has talked
Speaker 1: about it, Roger Veris talked about it, the fact they
Speaker 1: wanted to get back to the original design of bitcoin.
Speaker 1: The big hope I think of all the people who
Speaker 1: are long term bitcoin support has been that it's going
Speaker 1: to be a reserve currency. Now we're hearing from people,
Speaker 1: but in spite of what Trump was hinting and RFK
Speaker 1: Junior were hinting, that's not going to happen. They said
Speaker 1: it might happen first in some smaller nations, but it's
Speaker 1: going to take a while for that to happen. What
Speaker 1: is your opinion about that, about whether night it'll be
Speaker 1: a reserve and how is that going to affect You know,
Speaker 1: everybody's looking at the deregulation aspect of it, but that
Speaker 1: was also a part of the calculation I think of
Speaker 1: people getting into bitcoin as well. What is your take
Speaker 1: on where that's going to go next year.
Speaker 2: Yeah, I was in Nashville listening to RFK Junior and
Speaker 2: then following that Trump spoke. Of course, RFK Junior much
Speaker 2: more specific, much more bullish, I think, much more savvy
Speaker 2: on how bitcoin works and what it means. And Trumps
Speaker 2: just was convinced. And of course was the reading off
Speaker 2: a script and you can tell that part when he
Speaker 2: came across the GDP being surpassed by from bitcoin to
Speaker 2: silvery know he thought it was just kind of surprise,
Speaker 2: well really passed the GDS the that's the market episode.
Speaker 3: Uh, you should read my speeches before I give the wow.
Speaker 2: Uh. Yeah, it was so I think that that is
Speaker 2: up in the air. It would set off a chain reaction.
Speaker 2: There's gonna be And here's here's the tell I thought
Speaker 2: was interesting. I'm glad you brought that up. I watched
Speaker 2: this is between the time I've been on again. Jerome
Speaker 2: Powell was asked about that. Totally dismissive. That's not in
Speaker 2: the purview of the our charter, the Federal Reserve. We
Speaker 2: have nothing to do with that. It's not something that
Speaker 2: we deal with that. It's not you know, outline and
Speaker 2: anything that we do just any and he took a
Speaker 2: while before he as he took a pause. I think
Speaker 2: it was like three or four seconds, maybe five seconds,
Speaker 2: just sit there and looked at the guy. So there's
Speaker 2: a don't get you know.
Speaker 3: Get for a dramatic effect, really, you know.
Speaker 2: The dramatic effect. And it was just like we just
Speaker 2: they just looked down on this and it's like it's
Speaker 2: a phenomenon. Uh, you know, something that's in the way.
Speaker 2: It's a speed bump. We we didn't really figure how
Speaker 2: to get rid of this thing yet. So I think
Speaker 2: that the powers that be, especially the central banksters, and
Speaker 2: don't forget who runs this country. Don't forget who runs things.
Speaker 2: You know, you can see the people out front, but
Speaker 2: they're not really in charge. It's the people behind the scenes.
Speaker 2: And that's the way history works, ladies and gentlemen. It's
Speaker 2: the way there's always power brokers behind the scenes. And
Speaker 2: especially in a world of central banking control and fiat currency,
Speaker 2: it's even worse because you can hide and cover up
Speaker 2: so much. There doesn't have to be, you know, fiscal
Speaker 2: debates anymore in this country. We don't really have that.
Speaker 2: We're going to be that will be the future. But
Speaker 2: it's not right now. So I think that the opposition
Speaker 2: of bitcoin coming from central banksters is going to be
Speaker 2: very strong. It'll filter into our politics, and you know,
Speaker 2: we saw that through the first Trump administration. That's why
Speaker 2: I didn't get excited about this one. People want me
Speaker 2: to have selective amnesia and forget that there was a
Speaker 2: twenty seventeen through twenty twenty one. I remember those years,
Speaker 2: and I remember the promises that were made and weren't kept,
Speaker 2: and I remember the fiscal House that was set on fire.
Speaker 2: You know again, Wilbur Ross. Everybody remember WILBURH. Ross and
Speaker 2: who he was, and you know it was he Commerce
Speaker 2: Secretaries of who he was, David, I mean he came in, yeah,
Speaker 2: and he was a Ross Child's agent. He's what Bill
Speaker 2: Trump out in the nineties.
Speaker 1: And now we got Lucky Lutnick is going to be
Speaker 1: the Commerce secretary who is all about tokenization and securitization,
Speaker 1: right right.
Speaker 2: Yeah, there will be some crypto moves in the Trump administration,
Speaker 2: and I've said that, I think though, but we're starting
Speaker 2: to see, especially with the H one, b VSA's and
Speaker 2: all this stuff, they're going to walk back a lot
Speaker 2: of the America first stuff, they're going to walk back
Speaker 2: a lot of the promises made. That's the way that
Speaker 2: politics work. You know, what is it the h O
Speaker 2: mankins it's an advanced auction on stolen goods or something
Speaker 2: like that. What an election is so now, but I
Speaker 2: think in the long term bitcoin has its place. It's
Speaker 2: probably far too far too long out of it. It's
Speaker 2: inception to put it back. I mean, it can't go anywhere.
Speaker 2: There will be smaller nation states that do something, but
Speaker 2: the United States still may put it on some sort
Speaker 2: of balance sheet or anything. But there's there's a lot
Speaker 2: of momentum in Congress and for that, and there's a
Speaker 2: political i think political will to do something with bitcoin.
Speaker 2: So we'll see. I just try to keep that out
Speaker 2: of my focus for what I think bitcoin is, and
Speaker 2: I think, you know, it's whether it's a you know,
Speaker 2: I said last year at the beginning of the year,
Speaker 2: hey really watch bitcoin because you know it was picked
Speaker 2: up by the ETFs, you know, Larry Fink, Blackrock, we're
Speaker 2: pushing and I thought, well, that's a huge departure you
Speaker 2: guys paying attention. I think bitcoin was like twenty nine thousand,
Speaker 2: and I was saying, this is and I started buying
Speaker 2: it on a daily for my company's reserves. So you know,
Speaker 2: that was a good decision because here we are, you know,
Speaker 2: a year later, and it's already surpassed at one time
Speaker 2: one hundred and eight thousand. It's down to ninety eight
Speaker 2: thousand when I checked Spot before the broadcast. So I
Speaker 2: think that'll be a trend that continues. But it's not
Speaker 2: going to I don't think we're unless something huge happens.
Speaker 2: It's not going to go parabolic, like we're going to
Speaker 2: see half a million dollar bitcoin in the next you know,
Speaker 2: eight months or something.
Speaker 1: I think they will continue to pump though, you know,
Speaker 1: before they do the dump, just make sure that you're
Speaker 1: not their exit strategy, you know, when this stuff happens.
Speaker 1: But I think they're going to continue to pump it
Speaker 1: because on the other side of this stuff, you've got
Speaker 1: Lutnick and you know, tether and stable coins and securitization
Speaker 1: and tokenization all these other things. That's really what they're working.
Speaker 1: On the side. They got everybody looking at bitcoin, and
Speaker 1: they're using bitcoin, I think to get people excited about
Speaker 1: digital money and about the blockchain and stuff like that.
Speaker 1: While they do something very nefarious on the side with
Speaker 1: this stuff and kind of come in as a de
Speaker 1: facto CBDC. Now the Bank of International Settlements is talking
Speaker 1: about the fact they're going to continue on with their CBDC.
Speaker 1: But I think that the way that it's going to
Speaker 1: roll out in the US UK, the Five Eyes that
Speaker 1: already said, you know, a couple of months ago, they said, well,
Speaker 1: we're not going to do anything called CBDC, but they
Speaker 1: will do the functions of CBDC, I think, and I
Speaker 1: think part of what is happening with a bitcoin and
Speaker 1: the the regulation around crypto currency is to pave the
Speaker 1: way for that that de facto CBDC that's going to
Speaker 1: be like a public private partnership, and people like Larry
Speaker 1: Lutnik are going to make a lot of money off
Speaker 1: of this, and many people and the Trump administration are
Speaker 1: connected to that. That's That's what I'm looking at. So
Speaker 1: I'm still looking at gold as a hedge against that
Speaker 1: type of stuff.
Speaker 2: Gold's going to be more steady. The volatility of crypto
Speaker 2: and bitcoin itself is much more of a high risk asset.
Speaker 2: And I'm in it, you know, and I'm going to
Speaker 2: have Wisewolf. Bitcoin's about to launch. That'll be a new
Speaker 2: program that we have within the next forty five days
Speaker 2: and making a lot of progress there. It's going to
Speaker 2: be great for those that want to trade some of
Speaker 2: their crypto bitcoin and turn it into gold and silver.
Speaker 2: I made an announcement on tenfoil hat that you know,
Speaker 2: we're going to be the first no fee broker in America.
Speaker 2: If you want to turn your bitcoin into gold or silver,
Speaker 2: you can get with us directly and there's no fee.
Speaker 2: That's the there's no other golden silver company that does
Speaker 2: that and we're going to be able to do that
Speaker 2: because we're going to make a symbiotic relationship between the two.
Speaker 2: So I am an advocate of bitcoin. However, I don't
Speaker 2: get on these hype trains. I think that's a dangerous
Speaker 2: thing to promise people what the price is going to be,
Speaker 2: because I do agree with you that they can pump
Speaker 2: and dump, especially when they've got the ETFs now and
Speaker 2: the inflows. They get the price really, you know when
Speaker 2: because most the sad part about investing is that what
Speaker 2: I've watched is that when the price starts to go up,
Speaker 2: really go up on anything, that's when people jump in.
Speaker 2: They don't fear of missing out. They got to get
Speaker 2: in there, and they want to ride the way at
Speaker 2: the top. It's for the wrong time to get in.
Speaker 2: And you've got to look at things when you know,
Speaker 2: and again use use your own research and your own
Speaker 2: you know, background, and the things that you find viable.
Speaker 2: If you want to get into something, you know, that
Speaker 2: needs to be a personal choice. But that's what's going
Speaker 2: to happen when the thing implodes. That's when they always
Speaker 2: come in with the regulation. You know, it's problem reaction solution,
Speaker 2: and that's what I fear with the CBDC. However, the
Speaker 2: mixed bag on that, the double edge of the sword
Speaker 2: is that bitcoin created a culture, which I've found fast.
Speaker 2: I've been in bitcoin for you know, since twenty sixteen.
Speaker 2: The fascinating part about bitcoin is that the people around it,
Speaker 2: especially the podcasters and the young folks, they really you know,
Speaker 2: they're skeptical of central banking. They don't like they talk
Speaker 2: about fiat currency. So selling them on a CBDC because
Speaker 2: they use bitcoin as a moot, it's not going to work.
Speaker 2: They already don't like CBDC, and I think it's you know,
Speaker 2: something that we should be I feel thankful for is
Speaker 2: the fact that the term CBDC now is dangerous and
Speaker 2: it wasn't it three years ago. And I've been talking
Speaker 2: about it for years. I mean, long before anybody knew
Speaker 2: what it was. I mean the first broadcast I ever
Speaker 2: did with you, we were talking about world currency, and
Speaker 2: I think it was like the end of twenty eight
Speaker 2: nineteen going into a twenty twenty. So yeah, we've come
Speaker 2: a long way with that. They've got to rebrand a
Speaker 2: lot of it. But the danger lies in the volatility
Speaker 2: of the markets themselves. What goes on with crypto, especially
Speaker 2: these stable coins, we don't really know. I trust bigcoins network,
Speaker 2: but I don't trust the people that are trying to hijacket.
Speaker 2: And that's the thing that we got to differentiate on.
Speaker 1: And again, you know, look at the damage that they
Speaker 1: can do with something it's justn't independent of the asset itself.
Speaker 1: Look at what they did to real estate when they
Speaker 1: came up with the derivatives. And so you've got Larry
Speaker 1: Fink who's saying, well, it doesn't really matter to what
Speaker 1: I'm doing, whether it's Trump or Biden, it doesn't really
Speaker 1: matter for what I'm doing, because I'm doing derivatives you know,
Speaker 1: and I can manipulate the market and really sinister ways,
Speaker 1: and so I think that's the key thing. And you're right,
Speaker 1: everybody has caught onto the term CBDC. So I've said,
Speaker 1: you know, we need to focus on what the characteristics
Speaker 1: of CBDC that are negative were and try to get
Speaker 1: because you got all these legislatures now that are starting
Speaker 1: to several different states have got pending legislation to ban CBDC.
Speaker 1: But it's it's not just that, it's the privacy. It's
Speaker 1: having a digital ID, it's having programmability where you can
Speaker 1: manipulate it. It's those types of things that need to
Speaker 1: be banned, not the term CBDC. They'll call it something
Speaker 1: else and they'll come at it from a different angle.
Speaker 1: And that's what I think is really concerning, especially because
Speaker 1: with Trump, everybody just shuts down and says, well, it's okay,
Speaker 1: we're fine, we don't need to buy guns, we don't
Speaker 1: need to buy gold. He's got it covered. We're all
Speaker 1: doing great now because we've got a Republican and even better,
Speaker 1: we got Trump in.
Speaker 3: So everybody just lulled to sleep with all.
Speaker 2: Of this stuff. It's the dangerous part of our politics.
Speaker 2: Now that's so tribal, is that when they perceive a win,
Speaker 2: you just lay down your arms and then figure out
Speaker 2: it's you know, it's done, and we're good, and I'm
Speaker 2: going to go to sleep for four years and then
Speaker 2: you wake up to a lockdown and then there's President Fauci.
Speaker 2: That's the problem with those kinds of politics. And that's
Speaker 2: why I told you, you know, we had the right before
Speaker 2: the election, we had that interview together and I said,
Speaker 2: look in one of two ways. You know, if there's
Speaker 2: a Trump win, and gold and silver will take a hit,
Speaker 2: Bitcoin will go up in the opposite if there's a
Speaker 2: Harris win. So that's where we're seeing. There's a lot
Speaker 2: of profit taking it in the year. But going in
Speaker 2: the fundamentals, what drove the price of gold the last
Speaker 2: few years? What has been that, Well, it's the decline dedollarization.
Speaker 2: The supremacy of the dollar is waning, the American empire
Speaker 2: is in trouble, the geopolitical tensions are heating up, and
Speaker 2: central banks are buying gold because they're going to remonetize
Speaker 2: their dead. They're going to going to reset. They call
Speaker 2: it a great reset. A matter of fact, we're this
Speaker 2: is halftime show for the decade of the Reset, folks,
Speaker 2: and that's this is what we're watching. The powers that be,
Speaker 2: the Davos set, they've already decided the future. You're just
Speaker 2: playing ketchup. We're all just playing ketchup. Looking at what's
Speaker 2: happening with our currency system, which again massive change is
Speaker 2: going to happen because of the damage done and gold
Speaker 2: and silver, bitcoin, these things will hold their value, I believe,
Speaker 2: going into the next five years.
Speaker 1: And you know, when we look at it, the economic
Speaker 1: unrescue one of the things that kicked all this stuff
Speaker 1: off in many different ways, and not just the massive spending.
Speaker 1: And who was it that gave us a steeper curve
Speaker 1: on the spending and on the debt. You know, then
Speaker 1: it was Trump, and of course it was Biden kept
Speaker 1: up that pace, but he's the one who escalated it
Speaker 1: very rapidly. And now we've got something that I think
Speaker 1: is going to be a real economic bomb that he's
Speaker 1: ready to throw in, and that's going to be the
Speaker 1: tariff stuff, because in a sense, what he's doing is
Speaker 1: he's weaponizing the US's position. You know, well, we got
Speaker 1: the we got the petro dollars, so let's use that
Speaker 1: as a weapon. And now Trump is saying, well, we're
Speaker 1: buying so much stuff, let's use that as a weapon.
Speaker 1: When you start doing this, it's going to create all
Speaker 1: kinds of secondary and tertiary effects. It's going to just
Speaker 1: be a big bomb in the global economy. I played
Speaker 1: a clip from China I couldn't believe the other day Tony,
Speaker 1: and it was a lot of people taking independent people
Speaker 1: in China taking videos and posting them up of how
Speaker 1: empty the trains going into Beijing were, how empty the
Speaker 1: streets were, how nobody was shopping or buying anything, how
Speaker 1: the stores and the malls were empty, and the restaurants,
Speaker 1: and it truly was amazing, because that was one of
Speaker 1: the things when we were there, just a sea of
Speaker 1: people everywhere you would go, especially in the retail areas.
Speaker 1: Everything was a ghost town. And so if you're going
Speaker 1: to throw tariffs into that, you're going to create a
Speaker 1: real bomb of a financial system. And then everything is
Speaker 1: up for grabs now going and that's their crisis, and
Speaker 1: they're going to come of all kinds of radical solutions
Speaker 1: if they create a radical crisis, and I think the
Speaker 1: trigger for that may be the tariffs that's just the
Speaker 1: way I'm seeing it.
Speaker 2: Yeah, Sadly, I believe you're right, David, because I've always
Speaker 2: been a fan of tariffs. I believe that's what the
Speaker 2: country was built on. I believe in economic nationalism, but
Speaker 2: there has to be a coherent policy. Ever since we
Speaker 2: gave away America's manufacturing and make no mistake, it was
Speaker 2: given away literally, you know, the pawning of America's soul.
Speaker 2: As Pat Buchanan said, he wrote a book in the
Speaker 2: late nineties called The Great Betrayal. That's exactly what it was.
Speaker 2: It was given away through free trade programs that the
Speaker 2: corporations were given a backdoor exit and said, hey, you
Speaker 2: can take your factories and moving them over to Mexico
Speaker 2: or moving them to China, and we'll just let you in,
Speaker 2: you know, without a tax, completely free. You can get
Speaker 2: away with lower wages, no environmental regulations. You don't have
Speaker 2: to fight the good fight here. And it really backs
Speaker 2: up what Thomas Jefferson said about merchants have no country.
Speaker 2: They don't fight for lower taxes or fight for the
Speaker 2: American way or prosperity here. What's good for GM is
Speaker 2: good for America. Used to be the slogan thatamics no
Speaker 2: sense anymore, as we're in a global economy, and so
Speaker 2: I think it's become a consumer nation. And even Paul
Speaker 2: Volker said that it was former head of the Federal Reserves,
Speaker 2: So what's wrong with you? You know, they was being
Speaker 2: interviewed in Congress in the early eighties, and so what's
Speaker 2: the problem with the US economy? So well, we become
Speaker 2: a consumption economy on a production economy. And what Trump's
Speaker 2: talking about, Well, first of all, he wants two things
Speaker 2: that are diametrically opposed. He wants a weaker dollar and
Speaker 2: then he wants to have high tariffs. Well that doesn't work.
Speaker 2: I mean, you have to have a strong dollar in
Speaker 2: a production economy if you want to build that. That's
Speaker 2: economic nationalism. But you can't say, well, we've got to
Speaker 2: have massive amounts of debt. We're going to print our
Speaker 2: way out of this, We're going to have a massive liquidity,
Speaker 2: you know, a roaring stock market, all that stuff. And
Speaker 2: at the same time, we're going to charge you one
Speaker 2: hundred percent tariff if you don't use the dollar to
Speaker 2: help us continue our Ponzi scheme, because that's what it is.
Speaker 2: It's using the dollar after nineteen seventy one is making
Speaker 2: sure that we don't have, you know, fiscal armageddon, because
Speaker 2: if it's not backed by anything, then you have to
Speaker 2: continue to use it through something called money velocity in
Speaker 2: order to It's like tinker Bell if you don't clap,
Speaker 2: tinker Bell died, right. The same thing with currency and
Speaker 2: the problem with Trump's that's just an incoherent, schizophrenic economic
Speaker 2: policy to say that we want a weaker dollar, but
Speaker 2: we want high tariffs that you know. Buchanan wrote a
Speaker 2: book that I read Nick. It was one of the
Speaker 2: inspirations to get me to get back into politics, so
Speaker 2: I get into politics in general and actually go run
Speaker 2: for office and start a radio show. It's called Suicide
Speaker 2: of a Superpower. And the subtitle of that book was
Speaker 2: can America Survived to twenty twenty five? And it was
Speaker 2: written in twenty eleven, and I was reading that at
Speaker 2: the end of twenty eleven, around the same time, you know,
Speaker 2: the Christmas New Year's season, and one of the chapters
Speaker 2: in there was about the Federal Reserve, and it talked
Speaker 2: about how the Federal Reserve was responsible for the Great
Speaker 2: Depression and the Smoot Holly Act were framed. Smut and
Speaker 2: Holly were framed. It was the actual because that's Smoot
Speaker 2: and Holly's the tariffs. So the of the Great Depression
Speaker 2: that were so high. You know, you see that famous
Speaker 2: scene from Faris Bueller Ye Ferispuele's Day off of ben
Speaker 2: Steins blaming Smut and Holly. Anyone, anyone, right, Bueler, That's
Speaker 2: exactly right. And so but that's just think about that.
Speaker 2: Take a step back for a second and think about
Speaker 2: how incoherent we've become. I didn't think we'd be talking
Speaker 2: about tariffs in my lifetime. I didn't think that I
Speaker 2: was just a I thought it was a rogue. You know,
Speaker 2: America first or before that was a term that was
Speaker 2: acceptable to use again back in twenty thirteen. But now
Speaker 2: that doesn't make any sense to me. I mean, these
Speaker 2: are just these aren't This is not economic nationalism, that's
Speaker 2: weaponization of the dollar by other means.
Speaker 3: Yeah.
Speaker 1: Well, I mean just look at what Trump did. You know,
Speaker 1: we're a consumer economy. We've given away our manufacturing and
Speaker 1: we aren't going to get it back as long as
Speaker 1: we've got the Paris Climate Accord in because it's going
Speaker 1: to be too expensive versu to manufacture anything here, regardless
Speaker 1: of all the rest of this stuff, the slave labor,
Speaker 1: the piracy, you name it. That's the thing that is
Speaker 1: going to is the determining thing. And Trump pretended that
Speaker 1: we're in the Paris climate A Court and all the
Speaker 1: Republicans pretended that we're in it, and there was never
Speaker 1: a vote on that as a treaty. And so you know,
Speaker 1: when you look at that, you know that they're not
Speaker 1: going to address the problems. Guard's got a comment, Guard Goldsmith.
Speaker 1: He says, I like the idea directly turning crypto into
Speaker 1: gold or silver then moving to Siberia.
Speaker 3: Well that's coming up pretty soon. You'll be able to
Speaker 3: go different directions there with strategy.
Speaker 2: It's just a you can see, you know, Sarah Palin
Speaker 2: can see it from her backyard. Guard get over there
Speaker 2: to Alaska, it's right there.
Speaker 1: Or Greenland right that it's on his wish list. He
Speaker 1: went to Greenland in Canada. So it's crazy anyway. It's
Speaker 1: going to be a crazy year, isn't it.
Speaker 3: Uh? And it is going to be interesting. And you
Speaker 3: say you're going to roll that out of course?
Speaker 2: Uh?
Speaker 1: Are you waiting for them to change some of the
Speaker 1: egregious regulations around crypto and everything before you jump into it,
Speaker 1: are you preparing.
Speaker 3: To do it?
Speaker 2: I'm just going full stated steam ahead. It's always good
Speaker 2: if you're waiting for them. That's what famous meme of
Speaker 2: the skeletons sitting at the desk I think. I don't
Speaker 2: think I'm waiting. I'm gonna I'm just complying with We've
Speaker 2: got a compliance officer and people that we've already put
Speaker 2: on retainer. It's just taking me forever to projects. Don't
Speaker 2: take me like they used to, David. It seems like
Speaker 2: it's everything's in slow motion on one side and then
Speaker 2: moving fast on the other. I don't know if it's
Speaker 2: just me or or what it's age? Is it age?
Speaker 3: Okay? Thanks? Thank you?
Speaker 2: So I just turned forty five, so I'm like, what's okay? Thanks?
Speaker 2: I'll be looking forward to that. But yeah, we're working
Speaker 2: on that. We've got a wise wolf Bitcoin is about
Speaker 2: to launch and you'll be able to do the same
Speaker 2: thing like you did with wolf Pack. We'll put it
Speaker 2: up on like automatics. It'll be for white glove service
Speaker 2: for people that want to own some bitcoin or diversify
Speaker 2: but not you know, deal with coin Base or some
Speaker 2: be it a fake you know, a faceless thing that
Speaker 2: you know. I've had trouble with those networks, by the way, Yeah,
Speaker 2: they're not the you know, if you're trusting them, it's
Speaker 2: a little bit of roll in the dice. So with me,
Speaker 2: you won't have to do that, and we will have
Speaker 2: a pretty symbiotic network between the precious metals and crypto.
Speaker 2: And I say crypto, I mean bitcoin. I'm really not
Speaker 2: indeed the other coins. We might be able to help
Speaker 2: you do that, but it's it's not going to be
Speaker 2: our primary focus. It'll just be bitcoin to gold and
Speaker 2: silver and vice versa. If you want to sell some
Speaker 2: silver and buy some bigcoin and be able to help
Speaker 2: you do that. That's that's really what we're adding. And
Speaker 2: it'll be a coherent, you know, network integrated to what
Speaker 2: we do.
Speaker 1: Well, that's great, Yeah, it is. You know, the Chinese
Speaker 1: curse is coming up in twenty twenty five. Me, you
Speaker 1: live in interesting times. I think this is going to
Speaker 1: be a very very interesting year. I expect to be
Speaker 1: fully venerated in terms of what I said about Trump,
Speaker 1: because it's already I've already been venerated. As we look
Speaker 1: at this. They haven't even made it through the through
Speaker 1: the wedding yet. You know, usually you got a wedding
Speaker 1: and you've got a honeymoon. Well they're already having spats
Speaker 1: before the wedding even takes place, so forget about a honeymoon.
Speaker 1: Always great to have you on, Tony. And you got
Speaker 1: a program that is following up right after, sir.
Speaker 2: Just just after this eleven am Central time, twelve Eastern
Speaker 2: the Arderburn Radio transmission every week on Thursdays following my
Speaker 2: interview with you, So come join us. We'll be on
Speaker 2: Rumble in the America Unplugged channel Rock fin America Unplugged
Speaker 2: in my my Twitter at Tony Rderburan follows there.
Speaker 1: Well, it's great to have you back. Always good to
Speaker 1: talk to you. Uh and again you can go David
Speaker 1: night Gold take you to Tony and you know he's
Speaker 1: always got these innovative programs like he's talking about doing
Speaker 1: with bitcoin and you know the the the Wise Wolf
Speaker 1: package I thought was great. I like the slogan that
Speaker 1: you've got. Jason sent me Simon as a gift off
Speaker 1: of wolf Pack, and in that it had his first
Speaker 1: time I had seen this. Maybe it's been on some
Speaker 1: of the other stuff. Your slogan about was it bulls
Speaker 1: and bears and the world of bulls and bears. Be
Speaker 1: the wolf, that's right, Be the Wolf.
Speaker 3: I like that. And you got some merchandise that's coming
Speaker 3: up as well.
Speaker 2: Yeah, we got I got my new shirts on. I
Speaker 2: gotta I've got to do better. I'm the word. I've
Speaker 2: plugged terribly these days. But I've got new T shirts out,
Speaker 2: we got hoodies, We've got u stuff for my radio
Speaker 2: show and Paratruther, my podcast, all sorts of shirts and
Speaker 2: even Ardiburn dot Gold. I have my own logo for that.
Speaker 2: So if you like them, dm me. If you like,
Speaker 2: we can start putting you on the list. We're going
Speaker 2: to launch that on the store within the month. It'll
Speaker 2: be launching live and buy all kinds of things.
Speaker 1: I like that Paratruther because you are a paratrooper, well
Speaker 1: you are a trooper anyway, and we always appreciate having
Speaker 1: you on. Great talking to you, and we'll say, have
Speaker 1: a joyful new year. How about that teak it a
Speaker 1: little bit different.
Speaker 4: Hello, it's me Voladimir Zelenski. I'm so tired of wearing
Speaker 4: these same T shirts everywhere for years. You'd think with
Speaker 4: all the billions I've skimmed off America, I could dress better.
Speaker 4: And I could if only David Knight would send me
Speaker 4: one of his beautiful gray mcguffin hoodies or a new
Speaker 4: black T shirt.
Speaker 2: With the mcguffin logo in blue.
Speaker 4: But he told me to get lost. Maybe one of
Speaker 4: you American suckers can buy me some at the David
Speaker 4: Knightshow dot com, and David is giving a ten percent
Speaker 4: discount to listeners from now until twenty twenty five.
Speaker 2: At that price, you.
Speaker 4: Should be able to buy me several hundred. Those amazing
Speaker 4: sand colored microphone hoodies are so beautiful, I'd wear something
Speaker 4: other than green military cosplay to my various galas.
Speaker 2: And social events.
Speaker 4: If you want to save on shipping, just put it
Speaker 4: in the next package of bombs and missiles coming from
Speaker 4: the USA.