The David Knight Show - Gold Always Wins, Fiat Always Goes To Zero

Episode Date: September 25, 2025

Tony Arterburn warns the dollar’s endgame is here: China and BRICS are stockpiling gold, silver is breaking out, and stablecoins are the new Trojan horse for biometric surveillance.Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Joining us now is Tony Arterman. And we're going to talk a little bit about the Shanghai Gold Exchange and what's happening. Last time you're on, Tony, you talked about the Hong Kong gold exchange, I think. And so China is making a huge move to accumulate gold. That's been one of the many driving factors. I mean, we're into record territory we've passed in terms of real terms. when gold shot up to $800 an ounce.

But it's because there are so many different things that are driving it simultaneously. And one of those is, as you've been talking about for the longest time, the push by a lot of central banks to accumulate gold, but nobody is pushing it like China. As a matter of fact, they're trying to de-westernize the global bullion market, says Zero Hedge. London and New York have been places

where gold has been stored in the past. China's trying to place that with Shanghai, perhaps Hong Kong as well. What's your take on that? I thought the story last week about the Hong Kong play was really important because we already have the Shanghai Gold Exchange, and it just

highlights the move that China's making, as well as the BRICS nations, to make the move of commodity pricing eastward. There's another headline up that's up on zero hedge and then just, I mean, really putting some emphasis on what's going on with the West. And Canada has no gold reserves, David.

Did you know that? I didn't know. Zero gold reserves. But they've got a central banker as their prime minister or whatever. So I guess they're covered. You don't need gold if you got a central banker. I think that's a key indicator of where we're headed in this decade, and especially in this century, is that everything is full.

blowing out of the hands of the West. And they had an interview with Ray Dalio, and he was talking about, you know, the juxtaposition of 1945 when the United States had about 80% of the world's money. You know, we were about 5% of the world's population, about 50% or more of the wealth. And then that's completely dissipated. And it's flowing eastward and is being decentralized out of our hands for sure.

So dollar domination is really, I think in this timeline is really in danger of losing more and more market share. Yes. Zero Hedge had a headline said nobody is hedged for the real gold panic. That hasn't even started yet. No. I don't think it has.

As a matter of fact, it's interesting. Every day I started calculating the ratios and not only the gold-to-silver ratios, but the Bitcoin gold ratios. And Bitcoin has slipped a little bit off of, I think,

AI expansion and other things that have happened since the rate cut. And that's probably temporary. But it went from 31 ounces of gold to make one Bitcoin

to about 29. And so that slipped a little bit. But the real metric to watch is the gold of silver ratio. That's starting to come back to normal,

or at least somewhat normal levels. I mean, we got up to past 100 ounces of silver to make one ounce of gold, not too long ago when it was $35 an ounce for gold and $3,500 an ounce or $3,500 an ounce of gold and $35 an ounce for silver, David. And now we're at 83 to one because silver passed the $44 mark. Yeah, it truly is amazing. We're hitting one all-time high after the other. But as I said, there's a lot of different reasons, especially for us as individuals, when you look at the rise of stable coin, there was an article from Zero Hedge talking about a hundred billion a year battle that is shaping up between credit cards and stable coins, but I guess, though

really, stable coin would be more like a debit card. You know, it lets you pay for things instantaneously, but we live in a credit card society, don't we, where people are borrowing from the future. So I don't know really how much of that is really. going to be over the credit cards versus that. I think you see the credit card companies are merging with the stable coin companies as Visa merged with the biometric company. They want to be there for the surveillance. So I imagine, you know, they could process a transaction and still put it on a credit card

account for you and charge your 30 or 40 percent interest. So we're going to continue to allow that to happen. Yeah. I think what makes the stable coin battle between credit card processing and stable coins is the fees. It's merchant fees. I think that'll be their selling point. As a matter of fact, I saw it was, I think, a Coinbase commercial about a year ago. It was highlighting how small business could open up a Coinbase account.

And if they took crypto, that their fees would be lower than if they just took credit cards, which I thought it was interesting. And then if you enter in stable coins, now I've been looking into stable coins because I thought, well, if you're going to deal, if you're going to have Bitcoin or something, you should have stable coin. That's a whole other, like to actually deal in stable coins. It's a lot harder to deal in than it is Bitcoin, at least right now. You have to go through a third party, which I think that's probably how it's going to be. It's not going to be the third parties that are connected to Trump like Lutnik and others. yeah right it'll be something else so the it's not you know meet the the new boss same as the old boss it's probably a lot of the same entities or interest except it's a different vehicle and they

can be competitive because for the longest time you know the hidden cost of credit card fees and i know this from being in the gasoline business my entire life and uh you know three percent at the pump and how that looks on your balance sheet when you're selling gasoline at the retail level that the credit card companies make more than the retailer most of the time. You know, if it's over $3 a gallon, that's $9 a gallon that's in the retailer usually makes about a nickel. So that will be an interesting, I think all the infrastructure that's being put in right now with stable coins, you and I both know that it's not for, it's not to save the

merchant, it's not to save the retailer or the operator fees or anything like that. And it's another transfer of well. Oh, yeah, yeah. But I imagine people, a lot of retailers would give it a chance, because it is a really expensive thing to take credit cards. I remember when we had our retail stores, video stores, it was such a big bite that I said, well, we have the ability to, you know, with the system that I had written, we had the ability if somebody had late fees that they had accrued because they turned something in late, you know, we could have balances on a customer's account so they could pay it off later. So we tried it as an experiment. It was a very short experiment because what happened was we said, well, if you're going to use a credit card for this small amount, let's just defer it next time you come in, you can pay it with a check or cash or something like that. And that did not work because people wanted to use credit cards.

And we as a store didn't have any club over them in terms of if they don't pay the bill, they're not going to get a hit on their credit rating and that type of thing. So we had to stop that pretty quickly. But it is really a high fee. And as we look at the banks, and you're talking about how stablecoin is set up, centrally controlled, just like a central bank, except that it's a crony system. They have a way that they are going to know their customer and all the rest of these so-called anti-money laundering laws that are out there. Vietnam is showing the pattern.

We talked about this last week, I think. They just immediately closed 86 million bank accounts because people did not sign in and give them their biometric data. And it's like, okay, well, if we don't have your biometric data, we're closing your account right now. I think we could see that type of thing happening in the West. That's the way that they're going to roll this thing out. Do we lose you? Yeah, I think unfortunately that's the future, especially as everything continues to get more and more digitized.

Yeah, that's right. They're going to force our hand. Are you coming through okay, Dave? Yeah, you're coming through now. Yes. So I think that's the direction that they're going to go. go without a doubt. And I think that's why there's, as an individual, we're looking not only at the general economy and at the price of gold, but we're also looking at the control that's

coming through with all this. The World Economic Forum has got a plan to overhaul the global financial system by monetizing nature, don't they? This is an article from LifeSight. And we've talked about this before, how Bessent, as well as Lutnik, as well as Bergam, who Trump put ahead and as head of the interior department has all the different parks and public lands in it, they've talked about how, yeah, we need to monetize and put to work our natural resources. And so I think that they will monetize nature. They'll come up with some kind of derivative system to do that. And that's one of the ways that we will wind up owning nothing and they will have everything.

People like Larry Fink at BlackRock and Hoffman and others, that's exactly what the World Economic Forum wants, isn't it? Well, unfortunately, I think this is a natural outcropping of what happens when you have fiaturrency. When you demonetize your currency, you monetize everything else. And they're looking for value and everything. It's the reason civilization is built on sound money when that's the whole point of having a medium of exchange. And if you lose that, then there's chaos. And then you go back to, I mean, in a sense, a bartering economy, but there's, you find value and everything else.

It's the reason why we have such a massive housing bubble. It's why we have a debt crisis, a debt time bomb around the world. It's having to borrow against assets and everything to outpace the loss of purchasing power in the currencies. That's a good point. That's another reason why you're seeing. Yeah, that's a good point. You're saying you've got to have some pretense that your Fiat currency is linked to something that's real. I mean, first, with first Bretton Woods, it was gold.

And then the second one, they made it with oil or with energy, right? And so now what's left, you know, they're going to monetize it with the real estate that's here. in the United States, and that may very well be what they're going to do. They'll monetize everything, and it's still a fiaturrency. Even if we move to a digitized system, like a stable coin back system, it's still going to be based off of ethereal blue sky. It's going to be based off of nothing. It's going to be based off of GDP and economic growth and all the rest of that. Unfortunately, we're seeing the end game here where you can't inflate your way out, you can't print your way

out of economic downturns. And a lot of the things, the metrics are going backwards, used to when you lower interest rates and there would be sell-offs and precious metals because people would be getting liquid in positions to buy into the market. Now you're just seeing gold just continue to go up. Every time I come on the show, it's breaking. it's another all-time high, I think silver is about to do the same thing, and I don't want to give investment advice, but I'm looking at silver having a big breakout here, and probably this

year going into the final quarter of 2025. And as of right now, I'm stockpiling. If I, if I can get silver and keep it, I'm holding it. If I can financially afford to keep it on the books doing that because I think there's going to be a squeeze even with the amount that's being sold right now is really interesting buyers aren't necessarily there but the price keeps going up so you have to take it to the wholesalers and I just don't like that game I think there's something inherently wrong with the price rising and retail has slowed down and we still have you know the smaller buyers are there but not like it used to be where the people are buying big chunks at a time on the retail level I'm watching that very closely because those two things don't go together. The retail slowing down

and the price going up. That means institutions and governments are buying, and they're signaling something, I think, that we need to pay attention to. Yeah, they've been heavily manipulating silver. As we said before, you know, it was just a few months ago. I remember seeing a YouTube video. Somebody sent it to me as a listener and said, look at this. And it was a small show of precious metals. And the guys that were there that were dealers, you know, the guy went around talk to them. He said, yeah, everybody wants to sell silver, but they're not buying. He said, and look at the ratio here. And how low silver is. It's a great deal. And so we're buying all that we can. But the retail people are not, for whatever reason, they're selling their silver

instead of buying it. So there's a lot of manipulations going on for that for quite some time. We got the shop in Denison yesterday in Texas, my old, my old new bank that the branch bank that I took over. I'll send you some pictures of the signage. It's a little bit of an experiment where Wise Wolf, gold, silver, Bitcoin, and I rebranded it. I even have the,

I'll have the drive-through operational probably sometime by the end of the year. But I was there just working the counter for my son. And I, from 11 a.m. to 1 p.m. And I did six transactions buying silver bullion. And that was all I bought. It was a silver boy.

There wasn't any gold. There's six transactions of different silver bullion buys and probably about $5,000 worth or more. But that's just kind of indicative of the steady pace. So the retail trade is still, the retail trade is still selling it more than they're buying it then. Yeah, well, the public is selling to me. And then I'm having to figure out how am I going to either, you know, get it to the trading house and make a small margin and liquidate it off my books, find a way to keep it on inventory and sell it out slowly it's it's a very strange position to be in because i love silver i think it's uh i think it's a bargain right now it's hard to always

keep it on your books with cash flow as you know from small business david you can't just continue to to accumulate inventory and survive so i i have to make that decision but i think i'm buying i still think i'm buying it cheap and the reason is is what you mentioned you know with the repricing of everything, I don't think that we've factored in the true destruction of the dollar. The dollars lost 40% of its purchasing price compared to gold in the last year alone. Yeah, that's right. It's amazing. Just in the last 12 months. Yeah, yeah. And silver went from, what was the last year, David, about $29 an ounce at this time, somewhere in there, and now we're at $44 an ounce in climbing. I think that's

in direct correlation to the loss of purchasing power and the dollar and where we're headed with the repricing of commodities. So, yeah, it's eventually, and I think there was an article up on Zero Hedge about the phone, I mean, I think a lot of people are going to look back and think this was, this was the time, and they, you know, ended up not being able to buy. Unfortunately, I think silver is going to surprise everyone because it's been lying in wait for 45 years and it's everybody's been waiting for silver to do its thing since 1980 and you mentioned earlier adjusted for inflation you're absolutely right so in 1979 gold went

or the end of 79 into 80 gold went to over 800 an ounce so went from 35 dollars an ounce in 1971 to over 800 dollars an ounce in the end of 1979 and that was based off of it looked it seemed to be that that the fed and the the the treasuries go all of you know whip inflation now and all the rest of that didn't happen and people were just and it gold doubled by the from first quarter of 79 all the way down to the end and then there was some easing you know paul voker raised interest rates to the teens and we've discussed this many times so there was a contraction in the money supply and eventually there was a you know an easy of perceived inflation. So silver took, you know, went down from $52 an ounce down to, gosh, you know, almost nothing. And then gold went from $800 an ounce down to about $300. So you're right. Pricing for inflation, if you looked at $800 an ounce gold in 79, we just crossed that line. So that priced into inflation, $35, I think $3,600 an ounce or something like that is about the adjusted for inflation mark of where we were in 79 with $800 an ounce gold,

but we've not even gotten close with silver. If I said many times, you know, $52 an ounce in 80 was like $300 to today in purchasing power. Yeah. That's an estimation. So I think we've got a lot of room to run and all commodities. I mean, look at what's happening with platinum, palladium. Palladium is up, I think, 500%. over the past many like five years i think it's uh it's anything that's real actually i get

mr prom uh 10 11 says silver is up five dollars per ounce just in september and he says thank you miss thank you tony so i appreciate that and um again you know we go back and we look at the inflation that was happening in the 70s you mentioned it you know the whip inflation now the little wind buttons that uh Gerald ford wanted people to put on their lapel look like, what are we supposed to do to stop inflation, right? They didn't know what to do to stop inflation. I'll get right on it, Mr. Ford. Yeah, that's right.

I mean, they would really just talk to us as if we were children. It's the same administration that came out with a, this is your brain on drugs thing, you know, the egg and a frying pan. It's like, they really do think that we're children. And maybe they're right. I don't know, but I never figured out to inflation, David. Yeah, that's right. So when you go in, it's like, no, I can't. forward to that.

None for me, thanks. Yeah. Yeah. I never figured out what my responsibility and inflation was. I knew what his was, but I didn't know what mine was. Yeah, it's pretty crazy.

That's the that really is the crux of the matter is the fiat currency. Once you've untethered from value, and you mentioned earlier, you know, we talked about the petro dollar.

We had a seemingly gold-back dollar until 1971. He wasn't legal for you to own gold. Gerald Ford made that legal, I think, in December of 1974, you could finally own gold again legally in this country.

So we really didn't have, the dollar had the perceived backing of something. And we went off the Petro dollar pretty much officially last year, and you've seen the world start moving away from using that, by seeing it into energy. Yes. So what's left, I think, is the stable coin model

that we've discussed. And I don't know how that's going to work out for the dollar or what's going to go on. But in the meantime, everything is getting repriced. Yeah, that's right. That's right. Speaking of that, we've got a couple of comments here. Three Little Birds says, ask you, Tony, who will buy gold or silver when it becomes so highly valued? I think you'll be buying things with gold and silver.

I think it's what you'll be doing. Right. Well, you go back and look at, I'm sorry, go back. can look at the stories about the Weimar Republic, you know, when the paper money became worthless and people were using wheelbearers full of it. One guy became incredibly wealthy because early on he got out of the currency and got into gold and then he could basically buy whatever he wanted to on the cheap. Right. Well, the hardest money wins. Yeah. And those stories about the Weimar Republic of the meltdown were somebody bought a hotel for a $20 gold piece, you know, because

the current priced in the currency and that's the this gets complicated if you've priced in your debt models based off of currency say you have a you have a promissory note you have a mortgage that's

priced into the currency at the time it's one of the reasons why you know you have William Jim Jennings Brian at the end of the 19th century with the cross of gold speech the currency it becomes so hard like the United States was deflection area. It was harder and harder for the farmers to, you know, get liquid and pay off their notes. And so that's why they called for free silver. It's really it. The whole allegory of the Wizard of Oz is all about that with the Yellow Brick Road. And, you know, Dorothy's slippers were originally silver. You know, she tapped him to go back home and all the rest of that. There's an allegory there. But that was the, that was the inverse. That was the opposite problem. We had a currency that was so,

rigid and hard and like it was deflationary that it was harder to get out of debt now if you you you know if you free up capital for a while it looks pretty good like oh you can pay off debt a lot easier but then you start everything gets repriced and so you know an ounce of gold will go a lot farther and you talk about that in in in relation to what's known as gresham's law and i don't want to get too technical because i don't think i'm the the guy to explain it but But it's Gresham's law simply states that when bad money enters a system, then good money goes into the hiding. And so I always, you know, I try to figure out, well, what's the end game of Gresham's law? Well, how does it end up?

Well, good money comes back, and that's the, you know, the proper money always reasserts itself. Gold always wins. If you look at history, gold always comes back. Silver comes back. And it can be pushed out for a while. And I think that period between when they put down the gold and silver rebellion, because I really think that's what it was in 1980, as I look back and you realize what happened with the Hunt family, you know, they were deep stated. You know, I think they were punished for exposing something that was wrong with the dollar and making silver go up to $52 an ounce. And, you know, the rest is history with that because silver was nothing throughout the 80s in the 1990s.

90s, Warren Buffett for a while, seemingly cornered the silver market, but nothing really happened. That's why he called it a pet rock. It said gold was like a pet rock or it didn't do anything. It just sits there. Well, that's the whole point. It's not supposed to, it's supposed to sit there. It's supposed to house value. It's supposed to be a monetary thing. Whereas the dollar, you know, again, the dollar is with fiat currency loses purchasing power. So we had that interim period between the 80s and 90s and early 2000s where it looked like fiat currency at least stabilized enough but that's all you know $300 an ounce gold David in 2003 and I remember that because I was going into Iraq I bought my first gold coins and I remember

you know the dealer that I called put me in some I didn't know what I was doing so he put me in numismatic collectibles that I never could get any value out of, but if I just bought gold bullion, I'd have been way, way up. I wish I'd have had that. If I invested $3,000 in 2003, I could have got 10 ounces of gold, I'd be looking a lot better right now. Well, you know, when you're talking about these different scenarios, you know, one of the scenarios is like the Vimar Republic where the entire financial system collapses and the currency collapses and that type of thing. And that's where you pay for, where you buy the hotel for a $20 dollar gold piece type of thing. But then you also have what happened in the 70s and 80s

where because of bad government policy, a number of different ways. Inflation got out of hand. And eventually, when they got that under control, then gold came back down for a while. But I think we're looking at something that is more like the Vimar scenario. And this fourth turning, these institutions, everything is being changed. The international financial system is being re-engineered. All of these different things are happening. So I think when you look at exploding debt in the West and you look, you know, that's looking Vimar-like. And then you've got the desire by the Russians and the Chinese to completely change the financial system. This is something unlike what we have seen before. And we could very well be pushed into a worldwide depression,

especially with Trump's capricious and arbitrary tariffs that are happening out there. So, you know, that's really, I think, more of the scenario that we're looking at. And as you point out, Tony, when you have a collapse of that order, people are looking for real money, for hard money, for real assets. And it falls back to that and the fiat currency becomes like Confederate dollars. So I think maybe that's the answer. That's exactly right. That's the one that I would give.

And history shows us, you know, is that old maximum of the golden rule he who has the gold makes the rules and I mentioned earlier about where we were in 1945 especially you know post World War II how much wealth that the United States held and the

the rules that it was able to make because of that and that's dissipated and it flowed out and because of our monetary policy you look at places I mean Canada again that's another they fall into that fiat trap well we've got all this currency we've got a central bank well so what you know do you have assets

That's to back it up. And that's the rest of the world's moving away and has been moving away rapidly. And I think when I was on last week and I was pointing out that the Hong Kong gold depository, I thought that was big news. It didn't get a lot of play. But next week, Bloomberg's running a story on China, leveraging the Shanghai Gold Exchange and Hong Kong to usher in a new commodity pricing. system. And I think that's really important to watch as the outflows

continue to happen, and especially the BRICS nations accumulate more and more monetary metal. And they're doing that again, you know, the centers have been London and New York, but there's been some scandals involved in that. A lot of people wanted to get their money out of New York as well

as out of London and there's some difficulty in getting that. So I think China sees an opportunity there. Well, they're right. Yeah. And the The backbone of all of this is trust, and I believe the West has eroded its trust, and especially the dollar system and the weaponization of the dollar. It's mismanaged on purpose.

I was reading an old book by Jim Mars on the plane yesterday. I was coming out here to LA, and it was ruled by secrecy. It talked about James Forrestall, that famous. quote from James Forstall, you know, who was, I think, murdered, you know, pushed out of a window at Bethesanable Hospital for his views. He was the first Secretary of Defense under Truman, but he had that famous quote. He said, you know, if they were just stupid, then every once in a while they air in our favor, he's talking about the ruling elite.

He said, they never do. You know, that's how you know that it's pretty brilliant and it's a plan. except for, you know, the control demolition of the dollar, we have to really ask the question and the control demolition of this current monetary system, who bono, who benefits? Really, who benefits? Because we're watching the destruction of our monetary system

in real time, and the vacuum that's going to leave. You just look at places like China, which I don't think is a good thing. That's right. Absolutely. Well, you know, we've always talked about the economic system anything. Let me get your take on war because we had... Real quickly before we leave, the economic system, we've got a comment

from Three Little Birds, wants to know, Tony, do you think the future could hold two separate economies? Do I think the future have two separate economies? Yes, that is a question. Maybe financial systems or something. Their example is a metals-based one and an energy-based one, but, you know, will there be two

separate ways of doing business? You know, like the established method and then something other than that. say, you know, gold, silver. I think that's entirely possible. It's going to take a while. Nothing like this happens rapidly. Well, maybe it's more gradually than suddenly, probably. But I don't think people are exactly ready for that yet.

But I think there will be different ways to conduct business and parallel economies that we discussed for many years, especially with decentralized tokens through crypto and then things like gold and silver that are physical in the real world that you can actually trade and hold in your hand i think that will make a that will make parallel economies i think naturally people want to have the best money and if the if the money and from the established order is constantly in flux or in danger or you've got to deal with social credit scores or anything like that you're going to naturally gravitate towards something that's outside side of that. It may not happen in

a day, but it will happen. I think that's a natural human condition. History shows us that. You can't debase your way out of economic downturns. The Romans learned that many times, by the way.

They did it more than ones. We've had the coin clipping and other things when debasing the currency and then bringing it back. We always see that nations rise on sound money empire has rise on sound money and economic nationalism and they decline on on fiat currency and free trade yes and i think you know once you get this dominant fiat currency out of the way

you're going to have the market trying a lot of different things many of them probably simultaneously until they settle on maybe something or one system but i wanted to ask you about war because you know war is always a part of these fourth turnings you know begins with financial issues. Then they take us to war, as Gerald Sunti said. And we've had Trump do a complete 180 at the UN. Now he's all in for Ukraine. They're going to take back all their land and maybe even some of Russia, he says. What do you think is happening with us? And it wasn't even, I think, a full 24 hours before we have Denmark saying, well, we've got drones at our airports again. This has got to be the Russians. Let's go to war. What do you think? You're going to take us to war pretty quickly?

I think this is the most volatile situation that the world has been in since 1962, since the Cuban Missile Crisis, honestly. And it's a sad thing to watch if he followed history or geopolitics like I have and been interested in it and been part of the instrument of failed foreign policy. I was a tiny cog in that machine as a young man watching some disastrous decisions unfold. This is really unnerving, and I've warned against it for a long time, and it seems to kind of go away, and then it'll come back. You know, the dressing down of Zelensky at the White House, I wondered how much of that was theater, because it seemed like, oh, we're making a move here. We're going to finally put this thing to bed, which was, you know, the established order wants that war. They want NATO and Russia locked in some sort of kinetic conflict. it's ideological reasons it's territorial reasons it's it's financial reasons that all of that's

baked into that and that's something that i thought was so myopic it's so i think it's psychotic at the same time and they're focusing on one or two things but the the wider picture is that the west is is sleepwalking into a cataclysm you look at somebody like zalinski he said uh or earlier, I think in the last couple of days, he said that Russia either makes peace or they make bomb shelters. Wow. That's the kind of rhetoric of a madman. Yeah, it is.

And yet we're seeing that from European countries now. We've seen it from Poland. You're seeing it now from Denmark. They're all jumping into this. And you've got the Germans just calmly saying, well, we're going to have to be able to take care of a couple of thousand casualties a day here in our hospitals. That's what's coming in. and they're setting up their military they're looking how they're going to get a larger army all these different things they're just doing it as kind of a matter of fact it isn't like uh there's not any panic about it it's just like well this is what we're going to do now and they're kind of telling everybody what they're going to do and for what what is the point here what it would be the point of the sacrifice other than some sort of ritualistic luciferian agenda i mean i don't see the point here what is the point that they're

trying to make what what is the security threat of to to europe by russia if you leave it alone i mean i don't really understand it since the fall of the soviet union we've done everything to expand nato to interfere with even like you look at the uh was it 2014 we had the cia back coup in ukraine the democratically elected leader fled to to russia the orange revolution in 2007, we've done everything to get us to this point is really on the West. Russia, I mean, I'm not a rusephile. I don't pretend to think that Vladimir Putin is a great guy or that, you know, he's the same actor. But at the same time, we just look psychotic and schizophrenic.

Well, it's NATO. And we've broken our promise. NATO was set up to fight Russia. When Soviet Union collapses, it's like, oh, now what have? we do right and we've had in the past yeah yeah exactly in the past we've had nato do operation gladio where they staged terrorist attacks kidnapped prime minister killed him all that type of thing these are people who are satanic and insane they have operated literally as terrorists in italy and in germany for their political agenda and these are the people who are looking

to do anything that they can in order to preserve this institution Mark Ruta, who tried to destroy all farming in the Netherlands, gets booted out, and where do they put him as head of NATO? Because he's their kind of guy. I mean, it's almost funny, except that it's so serious, because they're trying to drag us, they're determined to drag us under World War III, no matter how flimsy the excuse. I mean, we'll be drug into World War III over some drones harassing an airport. I mean, that sounds like getting drug into a World War because some Archduke was assassinated. need somewhere in a place that we've never heard of before it's crazy you never heard of that makes no sense yeah you you run into people i remember i was at a in washington dc in 2014

and i went up there to to speak uh at an event for congressman ralphall at the capital grill and before that they had a uh a little luncheon and somebody some kid from the the heritage foundation was this was again right on the heels of the Ron Paul Revolution and there was a lot of libertarian thought that was entering into conservatism which I thought was a great thing and I was one of those people and they said we've got to instruct people you know about even things like World War I you know World War I was worth fighting and it was the reason why we fought it and I remember looking at this luncheon and I'm like am I on a different planet like what can you explain to me what that was I mean modern historian really can't say why we fought this, you know, Pab Buchanan called it the Great Civil War of the West, which was World War I and two, just this bloodletting. Other than some rich dualistic banker's wars, what was the security measure?

What was it threat here other than the wealth and control of the very few? Yeah, I agree. Yeah, one of my favorite movies, the first half of it, is Sergeant York. They gaslight him and get him to go full on. You know, and this war, it's like, no, you were right the first time. Don't let them trick you, you know. Wars, when they tell us who to fight revolutions when we figured out for ourselves. So you've got a program that's coming up after this show, don't you?

Are you doing that in California? You're still going to do today's show? I'm still going to do today's show live from the grain room here in Thousand Oaks. I'm going to do the Arterburn radio transmission. So, yeah, we'll be live on Rumble on the American Unplugged Channel and live on my ex at Tony Arterburn. and I can't believe I still have a YouTube me and Jimmy Kimmel we both got YouTube now

I'll be over at Tony Arterburn on YouTube so did they never take you off they just they just missed it or something the sensors or well a long I've had other channels gone but I just this time I just use my name I just said I'm Tony Arterburn and at Tony Arterburn and we'll see how long

they take to figure out that's me over there and maybe maybe you got on there after Linda left she was the the yaccarino or whatever Susan forgot about me was that Susan Wajicki yeah that's right

yeah the Linda Yaccarina she was at X but well that's great so you're going to be on X and YouTube right after this program right during a live broadcasts right at 12 Eastern

11 a.m. Central time will be live so come join us over there and I still want to reiterate too on David Knight.gold if you if anybody's in your listeners there's a special that I'm running. It's just for

David Knight listeners and my listeners. We've got some in-house silver deals, and it's a hodgepodge of the stuff. Like I said yesterday, we're buying a lot of silver, so take advantage of that. If there's in-house pricing, we can beat a lot of the major retailers right

now and give you a pass on a great deal. Can't promise exactly melt on everything, but we can get really close to spot on some items. And it could be 10-ounce coins, a 5-ounce ball. and pre-1965 U.S. silver, but I'd even hate to sell it, honestly. I love selling it.

I make a little bit, but I'm trying to stockpile right now because I think that price is going to keep moving because the dollar, you know, the saying goes golden silver and, you know, have no top because fiat has no bottom. That's a good saying. And very true. Thank you so much for joining us, Tony. I really do appreciate it. Again, folks, go to David Knight. Gold.

I'll take you at Tony's Wise Wolf Gold. Let him know that she came through us. Thank you, sir. nothing and the communist future. They see the common man is simple, unsophisticated, ordinary, but each of us has worth and dignity created in the image of God. That is what we have in common. That is what they want to take away. Their most powerful weapons are isolation, deception, intimidation. They desire to know everything about us while they hide everything from us.

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