WEBVTT 1 00:00:04.839 --> 00:00:05.160 All right. 2 00:00:05.200 --> 00:00:08.240 Joining us now is Tony Ardaban of why is Wolf Gold? 3 00:00:08.240 --> 00:00:10.640 And Tony has kindly set up David Knight dot Gold 4 00:00:10.640 --> 00:00:13.400 that'll take you to wise Wolf and let him know 5 00:00:13.439 --> 00:00:16.280 that she came to us. It's a great place to 6 00:00:16.320 --> 00:00:18.879 get gold and silver. Now is a great time to 7 00:00:18.920 --> 00:00:20.920 accumulate gold and silver, as we've been talk about. We're 8 00:00:20.920 --> 00:00:22.280 gonna talk a little bit more about that now. What 9 00:00:22.359 --> 00:00:25.559 is happening economically, and of course wolf Pack, which is 10 00:00:25.600 --> 00:00:29.879 something unique that Tony offers. It's a large buying group 11 00:00:29.960 --> 00:00:32.079 that you can help. Helps you to get a discount 12 00:00:32.399 --> 00:00:35.920 and also sign up for a fixed amount each month. 13 00:00:36.520 --> 00:00:42.200 Let you do cost averaging and gradually save and gradually 14 00:00:42.320 --> 00:00:45.520 start to get outside of this fiat system. 15 00:00:46.600 --> 00:00:49.560 Thanks for joining us, Tony. It's great to be here. David. 16 00:00:49.560 --> 00:00:51.000 Good to see you, Good to have you on. 17 00:00:51.280 --> 00:00:53.000 Let you know I saw this the other day and 18 00:00:53.000 --> 00:00:55.280 I mentioned this to you when off air, Bablin b 19 00:00:56.159 --> 00:00:59.439 said Ron Paul has decorated for Halloween by putting up 20 00:00:59.439 --> 00:01:03.439 the spooky National Debt counter in his front yard. Someone said, 21 00:01:03.920 --> 00:01:06.439 I have trouble walking by his house alone anymore. I 22 00:01:06.480 --> 00:01:09.840 almost fainted when I saw the thirty five trillion dollars 23 00:01:09.840 --> 00:01:12.319 a couple hours ago this evening, and it's added even 24 00:01:12.319 --> 00:01:14.359 more while I've been standing here talking. It's scaring all 25 00:01:14.400 --> 00:01:16.120 the neighborhood kids. Well, they're the ones who are gonna 26 00:01:16.120 --> 00:01:16.519 have to pay for. 27 00:01:16.560 --> 00:01:18.719 It, aren't they. That's exactly right. 28 00:01:18.760 --> 00:01:22.400 It's the looming demonic ghosts of Christmas future. 29 00:01:23.680 --> 00:01:24.719 Like a Christmas Carol. 30 00:01:24.799 --> 00:01:27.439 You know, you get that, that's the final ghost, the 31 00:01:27.439 --> 00:01:30.359 ghost of Christmas future. And you know, you look at 32 00:01:30.719 --> 00:01:32.560 statements from people like Dick Cheney. 33 00:01:32.560 --> 00:01:34.319 Remember the deficits don't matter. 34 00:01:34.439 --> 00:01:37.560 Remember that statement back I think circa two thousand and four. 35 00:01:37.719 --> 00:01:40.560 So one of the pioneers of modern monetary theory right there, 36 00:01:40.640 --> 00:01:42.840 Dick Cheney, who knew that he was such a genius. 37 00:01:43.000 --> 00:01:47.480 Right, Well, we're going to test all of the Canesyan models. 38 00:01:47.480 --> 00:01:48.480 We're testing that right now. 39 00:01:48.560 --> 00:01:51.480 I mean, we've been in an experiment, a live experiment, 40 00:01:51.560 --> 00:01:54.239 since nineteen seventy one when we went off the gold standard, 41 00:01:54.280 --> 00:01:57.719 free floating fiat currency. The live span of those currencies 42 00:01:57.799 --> 00:02:00.760 is generally twenty six years. We've double because of the 43 00:02:00.760 --> 00:02:03.840 World's reserve currency. But again, every week we come on, 44 00:02:04.159 --> 00:02:08.319 we talk about dedollarization, and that's happening rapidly or losing 45 00:02:08.319 --> 00:02:10.759 that status, so that won't go on forever. 46 00:02:11.039 --> 00:02:15.280 Yeah, yeah, that's right. And of course since we weaponized it, 47 00:02:15.280 --> 00:02:17.879 it isn't just I think things are going to accelerate 48 00:02:17.960 --> 00:02:22.360 because after Biden weaponized our financial system against his enemies. 49 00:02:22.960 --> 00:02:25.960 They're not my enemies, but against his enemies. 50 00:02:26.159 --> 00:02:28.759 Since he did that, they have been very focused on 51 00:02:29.039 --> 00:02:31.800 coming after our financial system because that is the federal 52 00:02:31.800 --> 00:02:35.639 government's superpower. That's how they manipulate us here domestically, and 53 00:02:35.639 --> 00:02:38.960 it's how they manipulate things globally, and so that is 54 00:02:39.560 --> 00:02:43.000 you know, these people understand how vital that is to 55 00:02:43.240 --> 00:02:46.240 American power, and they're going to do everything they can 56 00:02:46.319 --> 00:02:49.879 to shut that down. I talked yesterday about somebody who 57 00:02:49.919 --> 00:02:57.280 went through hyperinflation in Lebanon and what a horrific experience 58 00:02:57.360 --> 00:03:01.439 that was. From a personal standpoint, I'm afraid we're looking 59 00:03:01.439 --> 00:03:04.719 at something like that. In that particular article, the guy 60 00:03:05.039 --> 00:03:09.639 who wrote it was a bitcoin aficionado, but you know, 61 00:03:09.919 --> 00:03:14.439 gold and silver that is a physical way to get 62 00:03:14.479 --> 00:03:17.159 outside of a fiat system. And as he pointed out, 63 00:03:17.199 --> 00:03:19.360 and as you said so many times, all fiat systems 64 00:03:19.800 --> 00:03:21.759 are essentially going to go to zero at some point 65 00:03:21.759 --> 00:03:23.000 in time. It's just a question of when. 66 00:03:24.520 --> 00:03:27.039 Twenty twenty two it seems to be the tipping point. 67 00:03:27.080 --> 00:03:31.120 You look back through the timeline Russia invades Ukraine, you 68 00:03:31.159 --> 00:03:33.319 can argue, if you know anything about history, that it 69 00:03:33.400 --> 00:03:36.639 was provoked. That's what that NATO wanted, the Western Powers wanted. 70 00:03:36.960 --> 00:03:39.159 As soon as they did that, the West moves with 71 00:03:39.240 --> 00:03:43.439 even more sanctions and seizing Russian assets, and that saw 72 00:03:43.520 --> 00:03:46.080 the dip of the rublel and the ruble dipped for 73 00:03:46.120 --> 00:03:48.639 a while, looked like was their currency was going to break, 74 00:03:48.639 --> 00:03:50.560 and then all of a sudden they made some announcements. 75 00:03:50.639 --> 00:03:53.960 One their finance minister said they were no longer take dollars. 76 00:03:54.000 --> 00:03:56.360 They said it was candy wrappers. And then they said 77 00:03:56.360 --> 00:03:58.400 they were going to back the ruble with so many 78 00:03:58.400 --> 00:04:01.599 grams of gold or some sort of ram gold system 79 00:04:01.800 --> 00:04:04.840 where you could turn it in for that. The ruble rebounded, 80 00:04:05.439 --> 00:04:09.800 and after that, really you saw the massive acceleration in 81 00:04:09.879 --> 00:04:12.560 d dollarization, which was I mean went from like fifty 82 00:04:12.560 --> 00:04:15.520 five percent of global usage down to like forty two 83 00:04:15.520 --> 00:04:17.639 percent of global uses for the dollar, and it was 84 00:04:17.879 --> 00:04:22.879 very quick, and that cross border payments increased using gold, 85 00:04:23.040 --> 00:04:27.600 using crude oil. Since then, will We've seen Saudi Arabia 86 00:04:27.720 --> 00:04:32.040 join bricks, the United Air Emirates, Ethiopia, several others, and 87 00:04:32.079 --> 00:04:34.199 there's got twenty five other countries that are in the 88 00:04:34.199 --> 00:04:37.600 periphery to join bricks. And that's because of the sanctions 89 00:04:37.600 --> 00:04:40.639 that were placed on countries like Russia. But it's it's 90 00:04:40.680 --> 00:04:43.079 like forty different sanctions on thirty six different countries. 91 00:04:43.079 --> 00:04:44.959 That's probably increased since I used that figure. 92 00:04:44.959 --> 00:04:46.680 I've been throwing it around for eighteen months, so it's 93 00:04:46.680 --> 00:04:50.199 probably increased since then. And we've given billions and billions 94 00:04:50.199 --> 00:04:54.000 of seized Russian assets to Ukraine. You know, this is 95 00:04:54.040 --> 00:04:56.399 supposed to be settled in the International court, and they're 96 00:04:56.399 --> 00:04:57.040 supposed to be. 97 00:04:57.519 --> 00:04:59.959 Due process and another that's all out the window. 98 00:05:00.439 --> 00:05:03.000 So the other countries took notice, and that's why they're 99 00:05:03.000 --> 00:05:06.199 forming these coali even inside bricks, which you know, India 100 00:05:06.240 --> 00:05:08.439 and China not friends. 101 00:05:08.439 --> 00:05:11.040 In breaks, right. You know, the enemy of my enemy 102 00:05:11.120 --> 00:05:11.560 is my friend. 103 00:05:11.560 --> 00:05:16.120 I think this the I think the bullying by the 104 00:05:16.199 --> 00:05:19.519 United States, the weaponization of the dollar has major blowback 105 00:05:19.560 --> 00:05:23.199 and the consequences. We just we lost the petro dollar recently, 106 00:05:23.240 --> 00:05:24.920 which you and I have discussed it didn't get a 107 00:05:24.959 --> 00:05:26.160 lot of coverage it should have. 108 00:05:26.439 --> 00:05:29.519 If Saudi's not going to exclusively take payment in the dollar, 109 00:05:29.600 --> 00:05:33.000 that's it. It's done, and they've started taking payment in 110 00:05:33.000 --> 00:05:36.439 other currencies, and so the petro dollar is dead. And 111 00:05:36.480 --> 00:05:40.199 so of Biden's policies, you know, the Biden cartel, with 112 00:05:40.399 --> 00:05:45.040 their sanctions and things like that, Russia responded, as you 113 00:05:45.079 --> 00:05:48.040 point out, by taking payment in gold. And then they said, 114 00:05:48.040 --> 00:05:49.600 and oh, by the way, you know, we will cut 115 00:05:49.639 --> 00:05:52.439 prices by thirty percent, and they still wound up making 116 00:05:52.439 --> 00:05:55.759 a lot more money and additional three hundred billion dollars 117 00:05:55.839 --> 00:05:58.319 more than they would have made over a very short 118 00:05:58.360 --> 00:06:01.560 period of time because the price of oil skyrocketed because 119 00:06:01.600 --> 00:06:05.199 the US's action, so they could cut their price thirty percent, 120 00:06:05.279 --> 00:06:09.120 take payment and gold instead of American dollars, and still 121 00:06:09.160 --> 00:06:11.639 have a windfall profit. And essentially the same thing has 122 00:06:11.680 --> 00:06:14.199 happened with natural gas. Even though they blew up those 123 00:06:14.240 --> 00:06:17.879 two pipelines going into Germany, there is still more natural 124 00:06:17.920 --> 00:06:20.439 gas coming from Russia than it is from the US. 125 00:06:20.680 --> 00:06:24.920 It's been an absolute failure. Everything that the American Empire 126 00:06:24.959 --> 00:06:30.319 has done has failed militarily and economically, and yet it's 127 00:06:30.360 --> 00:06:32.800 going to have tremendous blowback on us domestically. 128 00:06:33.560 --> 00:06:35.160 You know, the rest of the world isn't buying what 129 00:06:35.199 --> 00:06:38.319 we're selling, you know, a buy and sell under our system. 130 00:06:38.759 --> 00:06:41.639 If you deviate, we punish you and you have to 131 00:06:41.759 --> 00:06:45.639 use this debt ridden US dollar that we continue to 132 00:06:45.680 --> 00:06:48.720 expand the money supply with to pay for our bloated empire. 133 00:06:49.439 --> 00:06:51.519 The rest of the world said no. And that's that's 134 00:06:51.519 --> 00:06:54.560 what bricks is all about. And you really see, I 135 00:06:54.600 --> 00:06:57.279 think the underlying current, and what doesn't get talked about 136 00:06:57.319 --> 00:07:00.639 a lot, is the massive move to commodities in general, 137 00:07:00.720 --> 00:07:05.639 whether we're talking about gold or silver, I'm aut crude, oil, energy, copper, 138 00:07:06.240 --> 00:07:09.759 you know, mining all this. That's what the Belton Road 139 00:07:09.800 --> 00:07:12.600 initiative really was about, you know, natural resources. And but 140 00:07:12.639 --> 00:07:16.279 that's what the other countries are doing. They're moving towards commodities. 141 00:07:16.399 --> 00:07:20.399 We continue to try to dominate, you know, hegemonic dominance 142 00:07:20.439 --> 00:07:24.879 with the US dollar and the American military, and that 143 00:07:25.040 --> 00:07:28.360 is waning. You could, it's really happening faster than than 144 00:07:28.399 --> 00:07:31.199 I thought, David. I thought we had some years and 145 00:07:31.279 --> 00:07:33.040 years left. I don't think we do. I mean, it's 146 00:07:33.199 --> 00:07:36.439 especially after losing the Petro dollar, and there's something to 147 00:07:36.600 --> 00:07:40.079 that because nobody put up a fight in Washington. There 148 00:07:40.160 --> 00:07:42.279 was no like summit or can we fix this, or 149 00:07:42.439 --> 00:07:43.959 you know, an extension or anything. 150 00:07:44.000 --> 00:07:45.759 That just literally just let it lapse. 151 00:07:46.040 --> 00:07:47.600 And you see the rest of the world they continue 152 00:07:47.600 --> 00:07:51.720 to grab up, you know, commodities, and that's that's really 153 00:07:51.759 --> 00:07:54.439 in the face of what's happening with fiat currency worldwide 154 00:07:54.439 --> 00:07:55.519 and especially the dollar. 155 00:07:55.920 --> 00:07:58.120 There's just a change. There's a change on the horizon. 156 00:07:58.160 --> 00:08:00.279 I think these other countries obviously they know that they're 157 00:08:00.319 --> 00:08:01.120 running the simulation. 158 00:08:01.279 --> 00:08:04.079 Yeah, well, you know all these Western countries that kind 159 00:08:04.079 --> 00:08:06.920 of collectively comprise NATO, the Group of Seven and all 160 00:08:06.920 --> 00:08:10.279 the rest of them. You know, the US is nothing 161 00:08:10.319 --> 00:08:13.079 but a kleptocracy anymore. They wanted to steal all the 162 00:08:13.160 --> 00:08:16.439 Russian stuff, and even the European countries said no, no, no, no, 163 00:08:16.600 --> 00:08:18.399 we're not going to dis confiscate all that. Will take 164 00:08:18.759 --> 00:08:20.680 will take the interest that's being earned and give that 165 00:08:20.680 --> 00:08:22.160 to Ukraine, but we're not going to take all those 166 00:08:22.199 --> 00:08:25.279 hundreds of billions of dollars out of that. But you know, 167 00:08:25.319 --> 00:08:28.560 the criminal US government, as we have seen with all 168 00:08:28.800 --> 00:08:32.759 of these European countries, is weaponized against its own people 169 00:08:33.240 --> 00:08:35.080 and against its own system. You can look at this 170 00:08:35.159 --> 00:08:38.240 say this doesn't make any sense unless you realize what 171 00:08:38.279 --> 00:08:42.039 the bigger agenda is for the globalists, and that is 172 00:08:42.120 --> 00:08:45.440 to take down Western civilization, to return us back to 173 00:08:45.519 --> 00:08:49.240 some kind of a feudal system that is under the technocracy. 174 00:08:49.360 --> 00:08:51.919 That that is what makes sense. That's why they're not 175 00:08:51.960 --> 00:08:53.919 doing anything to try to stop this, and that's why 176 00:08:53.919 --> 00:08:56.000 you need to get out of their system. They're pushing 177 00:08:56.000 --> 00:09:00.759 everybody towards a system of austerity, poverty, and total surveillance 178 00:09:00.799 --> 00:09:04.639 and control. That's why I like have physical, something that's physical, 179 00:09:04.679 --> 00:09:07.759 like gold and silver that's outside of their system. We 180 00:09:07.840 --> 00:09:09.240 have to have a little bit of that at least, 181 00:09:10.000 --> 00:09:11.440 can't get one percent. 182 00:09:11.679 --> 00:09:14.919 Yeah, And I think where we all get in trouble 183 00:09:15.080 --> 00:09:17.240 is we have normalcy bias, all of us do. I 184 00:09:17.240 --> 00:09:18.960 don't care how much you know about this or how 185 00:09:19.039 --> 00:09:21.639 much you research, because you you you've got muscle memory 186 00:09:21.639 --> 00:09:25.039 from living and you know, going to the decades past. Unfortunately, 187 00:09:25.120 --> 00:09:27.039 all that's off the table, and we have to be 188 00:09:27.080 --> 00:09:29.720 a lot more nimble, a lot to have the ability 189 00:09:29.759 --> 00:09:30.759 to adapt faster. 190 00:09:31.559 --> 00:09:33.440 You know, my friend Charlie Robinson wrote. 191 00:09:33.240 --> 00:09:35.720 A book called The Controlled Demolition of the American Empire, 192 00:09:35.720 --> 00:09:36.919 along with Jeff Berwick. 193 00:09:37.720 --> 00:09:39.080 I've read that book and I. 194 00:09:39.080 --> 00:09:42.639 Mean various students, very very prescient because it was written 195 00:09:42.679 --> 00:09:45.679 a few years ago, and just see the acceleration of 196 00:09:45.720 --> 00:09:48.159 everything going on with the American Empire, the American dollar, 197 00:09:48.200 --> 00:09:51.240 of the American economy, and so you know, we have 198 00:09:51.320 --> 00:09:55.039 to to channel our buck metstro Fuller said, people cannot 199 00:09:55.080 --> 00:09:56.799 get out of the way of what they don't see coming. 200 00:09:58.799 --> 00:10:01.559 It doesn't look you know, if you if you're following mainstream, 201 00:10:01.639 --> 00:10:03.879 it just seems like well that you know, the stock 202 00:10:03.919 --> 00:10:07.120 market continues to be all time highs, and you know 203 00:10:07.360 --> 00:10:09.679 we've lowered interest rates, so you know, there's cheap money 204 00:10:09.720 --> 00:10:12.960 out there, and every happy days are here again. I 205 00:10:13.000 --> 00:10:15.960 think what we have is to continue to inflate these 206 00:10:16.000 --> 00:10:20.159 bubbles larger and larger. There was an interview by up 207 00:10:20.200 --> 00:10:22.600 on lou Rockwell dot Com with Doug Casey. He said 208 00:10:22.600 --> 00:10:24.399 the same thing, you know, at the end of the day, 209 00:10:24.519 --> 00:10:27.080 just continue to inflate this bubble so that when it 210 00:10:27.159 --> 00:10:30.360 pops with all of these uh you know, these metrics 211 00:10:30.360 --> 00:10:32.399 and models based off of earnings and all these things 212 00:10:32.399 --> 00:10:35.200 that I don't think are real. When that pops and 213 00:10:35.240 --> 00:10:38.360 when it when it collapses in on itself, we're going 214 00:10:38.440 --> 00:10:41.639 to see a real problem economically here in this country. 215 00:10:41.679 --> 00:10:43.320 It's going to start, I mean it's probably going to 216 00:10:43.360 --> 00:10:44.799 start in the periphery and the it's going to come 217 00:10:44.840 --> 00:10:47.799 home and a lot of those dollars will be repatriated, 218 00:10:48.120 --> 00:10:50.360 will continue to lose purchasing power in the dollar. 219 00:10:50.440 --> 00:10:51.279 That's just a given. 220 00:10:51.960 --> 00:10:55.600 And again, the world's moving to commodities and we're still 221 00:10:55.799 --> 00:10:57.080 pumping up the stock market. 222 00:10:57.080 --> 00:11:00.639 I think there's going to be a reckoning sooner or later. Yeah, 223 00:11:00.679 --> 00:11:02.840 And when you look at it, you talk about I 224 00:11:02.840 --> 00:11:04.480 don't believe these things are real. Just take a look 225 00:11:04.480 --> 00:11:07.879 at the jobs report, which is supposedly the basis for 226 00:11:08.000 --> 00:11:11.440 them saying, well, even though the Fed cut interest rates, 227 00:11:11.440 --> 00:11:14.120 we're going to raise mortgage rates, actually raise mortgage rates. 228 00:11:14.159 --> 00:11:16.080 How they justify it, Well, you know, we've got this 229 00:11:16.440 --> 00:11:20.679 Bureau of Labor Statistics. I think the L doesn't stand 230 00:11:20.679 --> 00:11:23.120 for labor. I think it stands for lying. And the 231 00:11:23.159 --> 00:11:26.559 Bureau of Lying Statistics, the people who told us that 232 00:11:27.360 --> 00:11:30.080 just told us that they had inflated the report by 233 00:11:30.080 --> 00:11:34.320 over eight hundred thousand jobs, the second largest false report 234 00:11:34.399 --> 00:11:36.720 that they've ever had, and of course they're always doing 235 00:11:36.720 --> 00:11:39.600 it as a false report and revising everything the next 236 00:11:39.679 --> 00:11:43.679 quarter to make trends look good. But they put out 237 00:11:43.679 --> 00:11:46.519 this jobs report and Wall Street is so excited about 238 00:11:46.519 --> 00:11:48.000 all of it. Zero Hedge says, if you look at 239 00:11:48.039 --> 00:11:52.000 the jobs report, you find that there's a record surge 240 00:11:52.159 --> 00:11:56.440 of government workers. So it's not even it's not even 241 00:11:56.480 --> 00:12:00.000 real growth. This is parasitic growth. And it's a record 242 00:12:00.080 --> 00:12:02.879 growth of government workers. If that's even real. You know, 243 00:12:02.919 --> 00:12:05.440 they can lie about that and put that in there, 244 00:12:06.039 --> 00:12:08.519 but that's what they're lying about. And now you know, 245 00:12:08.919 --> 00:12:11.080 banks raise the interest rates yet again. Even though we've 246 00:12:11.120 --> 00:12:14.360 got this big spread in which they're as the Fed 247 00:12:14.440 --> 00:12:17.759 drops her interest rates, they keep raising the rates that 248 00:12:17.799 --> 00:12:20.399 they charge other people. And then you got Wall Street 249 00:12:20.399 --> 00:12:23.679 all excited about this. It's absolutely fake to try to 250 00:12:23.679 --> 00:12:27.080 get people think that Bidenomics works, and you know, it's 251 00:12:27.120 --> 00:12:30.919 all just a stack of lies. It's absolutely amazing that 252 00:12:30.960 --> 00:12:32.320 it's having this effect. 253 00:12:32.799 --> 00:12:35.919 Well, maybe they'll bring back wasn't it FDR had the 254 00:12:36.039 --> 00:12:39.120 NRA the National Relief Authority or was it agency? I 255 00:12:39.159 --> 00:12:41.360 forget which one of the A stood for. But that's 256 00:12:41.399 --> 00:12:44.080 where they just had all these shovel ready jobs, and 257 00:12:44.600 --> 00:12:47.039 you know that they would they increase the money supply 258 00:12:47.120 --> 00:12:50.440 because Franklin Roosevelt said, turn in your gold and we'll 259 00:12:50.440 --> 00:12:52.360 replace it, will give you this, you know, twenty dollars. 260 00:12:52.360 --> 00:12:54.279 Turn in your twenty dollars gold piece, will give you 261 00:12:54.279 --> 00:12:57.720 twenty dollars in fiat currency. And then they sold all 262 00:12:57.759 --> 00:12:59.000 the gold or they got rid of it and went 263 00:12:59.000 --> 00:13:00.960 to Boslo, Switzerland, and they raised the price of goal 264 00:13:01.039 --> 00:13:03.320 from twenty dollars an out to thirty five dollars an out. 265 00:13:03.399 --> 00:13:06.000 So that's what happened to the money supply in nineteen 266 00:13:06.039 --> 00:13:07.639 thirty three into the Great Depression. 267 00:13:08.200 --> 00:13:12.240 How'd that work out? It didn't. 268 00:13:12.240 --> 00:13:17.720 Both again, they prolonged the depression. It went in until 269 00:13:17.960 --> 00:13:20.279 World War Two. You know, they had basically inflated their 270 00:13:20.320 --> 00:13:23.120 way out of it. So you know, again, I think 271 00:13:23.120 --> 00:13:26.000 that's what the lessons learned by governments and you know 272 00:13:26.080 --> 00:13:29.600 Canesy and then the modern monetary theory is we'll just 273 00:13:29.639 --> 00:13:32.600 inflat our way out. If you don't understand, especially now 274 00:13:32.919 --> 00:13:35.759 that we don't, it's not even technically backed by anything 275 00:13:36.120 --> 00:13:38.840 like it was technically back by in nineteen thirty three 276 00:13:38.840 --> 00:13:42.480 to nineteen seventy one was gold. The dollar is going 277 00:13:42.480 --> 00:13:45.120 to lose massive purchasing power in all of these moves, 278 00:13:45.200 --> 00:13:47.080 these austerity moves, because they're going to have to keep 279 00:13:47.320 --> 00:13:48.799 remember what Bloomberg. 280 00:13:48.320 --> 00:13:50.879 Said, we got to figure out a way to. 281 00:13:50.639 --> 00:13:53.399 Keep them from putting this taking us to the guillotine, 282 00:13:53.440 --> 00:13:55.759 you know, so they know that they have to do 283 00:13:55.840 --> 00:13:58.799 something because there's going to be a massive loss of 284 00:13:58.840 --> 00:14:01.519 wealth here in the We're. 285 00:14:00.799 --> 00:14:02.840 Talking about FDR having shovel ready jobs. 286 00:14:03.000 --> 00:14:05.759 I think that's basically what's going on with these government workers, 287 00:14:05.759 --> 00:14:09.879 and you know what they're shoveling, don't you? Government workers? 288 00:14:09.879 --> 00:14:13.440 Sore is the most on record, and we've never seen 289 00:14:13.480 --> 00:14:14.200 anything like that. 290 00:14:15.039 --> 00:14:15.559 And so. 291 00:14:17.120 --> 00:14:20.000 You know, when you look at what is happening as 292 00:14:20.039 --> 00:14:21.919 these things are starting to come back, there are things 293 00:14:22.600 --> 00:14:24.480 that are solid. There are ways that we can get 294 00:14:25.320 --> 00:14:28.039 make some preparations outside of this. And just as we 295 00:14:28.159 --> 00:14:31.799 see with the weather storms, these kind of financial storms, 296 00:14:32.639 --> 00:14:36.159 the wars, and also you know, going back to what 297 00:14:36.279 --> 00:14:40.960 is happening with CBDC and other things like that, Russia, Israel, 298 00:14:41.080 --> 00:14:45.919 others are still manically pursuing this cashless society CBDC. But 299 00:14:46.000 --> 00:14:51.200 you talked about Russia and the fact that they're looking 300 00:14:51.519 --> 00:14:54.360 towards silver now more talk a little bit about that. 301 00:14:55.159 --> 00:14:57.399 This is a I think this is a major story 302 00:14:57.480 --> 00:15:00.240 that again I find all these little stories and I go, wow, 303 00:15:00.399 --> 00:15:03.240 I can't believe this isn't on every network. The Jerusalem 304 00:15:03.279 --> 00:15:06.159 Posts put it out, but it's Russia is set to 305 00:15:06.200 --> 00:15:11.559 boost silver reserves in major precious metals strategy shift. Russia 306 00:15:11.600 --> 00:15:14.759 shifts it's precious metal strategy, adding silver to state reserves 307 00:15:14.759 --> 00:15:17.399 alongside gold, platinum, and palladium. By the way, they're buying 308 00:15:17.440 --> 00:15:20.960 all of those things, not just silver. But this is 309 00:15:21.279 --> 00:15:23.519 this has not happened in a very long time, David. 310 00:15:23.519 --> 00:15:25.600 If you read the history of precious metals like I do, 311 00:15:25.799 --> 00:15:29.279 you know at one time China was really the world's 312 00:15:29.360 --> 00:15:32.720 leader in silver. I mean, Mexico produces the most, but 313 00:15:32.799 --> 00:15:34.600 China was the world's leader in silver. 314 00:15:34.639 --> 00:15:37.600 They you know, they imported it, they use it as currency. 315 00:15:37.919 --> 00:15:38.720 It was very big. 316 00:15:38.759 --> 00:15:41.240 And then of course after the Communists takeover that a 317 00:15:41.240 --> 00:15:43.039 lot of that went out the window. And even gold 318 00:15:43.200 --> 00:15:45.480 was banned for for a long time in China. Mean, 319 00:15:45.480 --> 00:15:47.279 they still wanted it at the government, but it was banned, 320 00:15:47.320 --> 00:15:49.799 but abused to the people and used in the economy. 321 00:15:50.279 --> 00:15:53.440 So this is a major shift in my opinion. They 322 00:15:53.519 --> 00:15:56.120 must be looking obviously looking at the future like a 323 00:15:56.159 --> 00:15:57.960 lot of us look at you know, the just the 324 00:15:58.039 --> 00:16:00.639 metrics of silver itself. It doesn't make it any sense 325 00:16:00.679 --> 00:16:03.360 the way it's priced right now. I mean, just given 326 00:16:03.440 --> 00:16:07.799 geologically historically, even the market caps of gold and silver 327 00:16:07.840 --> 00:16:10.320 don't make any sense. It takes what eighty five ounces 328 00:16:10.360 --> 00:16:13.720 of silver to make one ounce of gold. You go 329 00:16:13.759 --> 00:16:15.960 and look at another metric, which I think is even 330 00:16:15.960 --> 00:16:19.080 more interesting, which is about eight hundred and twenty four 331 00:16:19.360 --> 00:16:22.679 million ounces are mined in silver this year, so that's 332 00:16:22.720 --> 00:16:23.759 what it's estimated. 333 00:16:24.320 --> 00:16:27.080 That's down one percent over last year. 334 00:16:27.120 --> 00:16:29.960 So, you know, and most of silver mining is it 335 00:16:30.120 --> 00:16:32.000 just happens to be that they're mining copper and they 336 00:16:32.000 --> 00:16:33.639 pull silver, they're mining gold, they pull. 337 00:16:33.720 --> 00:16:35.320 They're not going just after silver. 338 00:16:36.000 --> 00:16:38.840 So that and it's so it's so cheap that it's 339 00:16:38.879 --> 00:16:41.759 not profitable to mine. So you have, you know, a 340 00:16:41.759 --> 00:16:43.960 certain amount that hits the market every year, but what's 341 00:16:44.000 --> 00:16:46.879 been happening year after year is you have hundreds of 342 00:16:46.919 --> 00:16:50.440 millions of ounces that are deficits. So it's estimated to 343 00:16:50.480 --> 00:16:52.840 this year it's going to be over two hundred million 344 00:16:52.840 --> 00:16:57.720 ounces again of deficit. So everything that's ordered on the 345 00:16:57.759 --> 00:17:00.200 market they have to take two hundred million ounces is 346 00:17:00.200 --> 00:17:02.279 out of the above ground supply. It's not coming out 347 00:17:02.279 --> 00:17:05.559 of new mining or new refining. So this is there's 348 00:17:05.599 --> 00:17:07.960 a reckoning happen. Even that article talks about that. I mean, 349 00:17:08.039 --> 00:17:11.000 just over and over again, you see the repetition that 350 00:17:11.119 --> 00:17:13.039 something's off about the silver market. 351 00:17:13.279 --> 00:17:14.720 So it looks like Russia. 352 00:17:14.400 --> 00:17:18.160 Is positioning itself to to reap the harvest of that. 353 00:17:18.240 --> 00:17:20.440 I mean, not only is of course, there's the green 354 00:17:21.039 --> 00:17:23.440 aspect or whatever you want to call it, with you know, 355 00:17:23.559 --> 00:17:26.720 being used in solar or electric cars, evs, all that stuff. 356 00:17:27.839 --> 00:17:30.880 You know, silver's the most thermo conductive metal. It's also 357 00:17:31.119 --> 00:17:34.160 used in the military industrial complex. We talked about five 358 00:17:34.240 --> 00:17:37.960 hundred ounces being in each Tomahawk missile, but it's used 359 00:17:37.960 --> 00:17:40.519 in medicine. It's just across the board. Silver has so 360 00:17:40.599 --> 00:17:42.440 many uses and it's super cheap. 361 00:17:42.480 --> 00:17:43.119 So I think, you. 362 00:17:43.079 --> 00:17:47.240 Know, if I'm a sovereign wealth fund, that sounds like 363 00:17:47.279 --> 00:17:48.079 a good idea to me. 364 00:17:48.200 --> 00:17:49.319 Russia's leading the way. 365 00:17:49.720 --> 00:17:54.279 What's say the US, how's our reserves? Is the government 366 00:17:54.359 --> 00:17:57.880 doing anything in the realms of precious metals doesn't look 367 00:17:57.920 --> 00:17:58.400 that way. 368 00:17:58.599 --> 00:18:00.599 Yeah, when you look at what our government's doing, you know, 369 00:18:00.799 --> 00:18:04.960 the US, the UK, European governments, they are not doing 370 00:18:05.039 --> 00:18:07.920 anything that is to the advantage of their people, unlike 371 00:18:08.039 --> 00:18:11.920 Russia and China. I mean, they're trying to make themselves 372 00:18:11.960 --> 00:18:17.000 more powerful militarily, geopolitically, economically. Even though they're making some 373 00:18:17.039 --> 00:18:20.240 really bad decisions like we see in China, they're still 374 00:18:20.240 --> 00:18:22.440 trying to do things in their own interest, if not 375 00:18:22.519 --> 00:18:25.400 in the interests of their people, certainly the interest of 376 00:18:24.640 --> 00:18:28.039 the Central Committee that has got a vested interest in 377 00:18:28.079 --> 00:18:32.680 all of it. But our government has absolutely turned against us. 378 00:18:33.079 --> 00:18:35.680 It's kind of interesting to see that Poland now has 379 00:18:35.720 --> 00:18:41.079 more gold reserves than the UK. Again, Poland is not 380 00:18:41.200 --> 00:18:45.160 really a part of this globalist takedown thing because it's 381 00:18:45.440 --> 00:18:49.480 a fairly young government that just got out of after 382 00:18:49.519 --> 00:18:52.960 the Cold War. They got out of the from under 383 00:18:52.960 --> 00:18:56.279 the thumb of the Russians, and so they're starting to 384 00:18:56.279 --> 00:18:59.319 move in that direction in terms of being puppets of 385 00:18:59.359 --> 00:19:03.000 the globalist But they are proud of the fact that 386 00:19:03.039 --> 00:19:06.880 they've accumulated more gold than the UK. Now that truly 387 00:19:06.960 --> 00:19:09.279 is amazing, isn't it. But of course the UK has 388 00:19:09.319 --> 00:19:12.160 the most expensive energy in the world. They've shut down 389 00:19:12.319 --> 00:19:15.400 their manufacturing. The country that got wealthy off of the 390 00:19:15.400 --> 00:19:20.119 Industrial Revolution is just eviscerating itself politically. This is happening 391 00:19:20.119 --> 00:19:21.039 to them. 392 00:19:21.200 --> 00:19:24.200 Yeah, well, Poland knows a thing or two about crisis 393 00:19:24.640 --> 00:19:29.119 and knows about world wars, it knows about economic hardship, 394 00:19:29.279 --> 00:19:33.400 so of course they would I think they navigate towards gold. Yeah, 395 00:19:33.440 --> 00:19:37.119 that's you see, these are really interesting metrics. You know, 396 00:19:37.200 --> 00:19:41.759 the dollars supplanted the British pounds sterling after you know, 397 00:19:41.799 --> 00:19:45.400 World War two and something. Gor Vidal said that the 398 00:19:45.799 --> 00:19:49.599 British Empire and Great Britain basically became an aircraft carrier 399 00:19:49.640 --> 00:19:51.240 for the United States of America. 400 00:19:52.119 --> 00:19:54.920 But that's what happened. It was the nineteenth century. 401 00:19:54.960 --> 00:19:58.279