The David Knight Show - INTERVIEW A Consensus Emerges on Inflation Prospects

Episode Date: January 9, 2025

Tony Arterburn, DavidKnight.goldTony's preview on what is coming with his no-fees-switch between gold and bitcoinFed Reserve reaches near unanimous decision on inflation so what do they propose to do?...Bond market seems to have a consensus as wellMany people are predicting a crypto bear market timed to…Money should have intrinsic value AND transactional privacy:  Go to DavidKnight.gold for great deals on physical gold/silverIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

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Starting point is 00:00:30 Happiness. We all know what it feels like. But sometimes it doesn't come easy. I'm Garvey Bailey, the host of Happy Enough, a new podcast from The Globe and Mail about our pursuit of happiness. We know people want to live more fulfilling and positive lives, but how do we actually do that? Is there a happiness code to crack? From our relationship with technology to whether money can really buy you happiness, we'll hear from both real people and experts
Starting point is 00:01:01 to demystify this thing we're all searching for and hopefully find ways to be happy enough. You can find Happy Enough wherever you listen to podcasts. Well, let's get in touch with a wise wolf tony arteman himself who happens to be on the line and welcome tony good to have you on always good to see you david yeah i just looked out my front uh door here and it's it's snowing in north texas got a snowstorm coming and wow it makes you makes you wonder how how those warm waters down in the gulf of america are right now you know i wonder get down there and just be on vacation. My dog Beans jumped up in my lap because it's actually pretty windy,
Starting point is 00:01:50 and there's supposed to be a lot of snowfall, more than we usually get in the wintertime here in the next day or so. Well, hopefully your power grid's going to hang in there this time. I hope so. I remember when that happened, and we were in Texas. We wound up doing a show by candlelight. I remember that. And cell phone. I remember when that happened and we were in Texas, we wound up doing a show by candlelight. I remember that. And cell phone.
Starting point is 00:02:06 And I remember the second day we did it as it warmed up, we realized that a pipe had burst in our kitchen. And so we had Whistler holding the camera there and Travis and Karen were mopping and I'm trying to do this. And it was it was pretty crazy. But hopefully that won't happen this time. But we've got a lot of things to talk about. I mean, we just had the Federal Reserve's Open Market Committee,
Starting point is 00:02:33 and the headline says that almost all, quote, almost all Fed members see higher inflation coming. What about that? And they think it's because of trump it's run me the carson the karnak trip trick where you'd hold the envelope up to his forehead because it's funny like are we uh we're going to see some inflation they're like by the way we're going to cut rates you know like well of course and they're talking about this in the around june or so of 2025 here and cutting rates and I mean this is
Starting point is 00:03:08 again transitory remember it was transitory both Janet Yellen and Jerome Powell said that inflation was transitory uh and then they said no we have to we're going to do something we're very hawkish we're going to do we're going to roll it back it's going to be tamed and then they just figured out they couldn't do it anyway even with raising raising interest rates faster than any time in history, any other Fed chair did, Jerome Powell. And we saw the effects on that. The economy started to stall. What do they do? Because we're built on debt, we're built on cheap fiat currency, and there's no way out. They're going to have to inflate their way out of every issue. It's why it's so silly, you know, the mainstream headlines and talking about earnings and other things. Until we get a grip on, you know, what causes inflation and the devaluation
Starting point is 00:03:51 of our currency, then none of these economic issues are going to be solved. Oh, yeah. Well, we know and they know, but they're not going to do anything about it. And you talk about how fast you raise interest rates. I'll never forget, you know, back at the beginning of this fourth turning in 2007, 2008, you know, when he starts that had really low rates for a very long time and then they start raising them a quarter like every month you know and just like a stair step until uh they got high enough that they uh helped to cause the uh the bubble to burst and then this time around he doesn't do it a quarter each time he's's doing it three quarters each time, three quarters of a point each time. So 75 basis points. Yeah. Who would have thought that this type of thing would happen? And yet, as they're looking forward, they're also saying that they're talking about
Starting point is 00:04:36 inflation. You know, as we look at these interest rates, though, it's interesting how as they keep dropping the interest rates, the long-term bond market believes that there's going to be a lot of inflation. And so they keep raising the rates. And that's one of the reasons why the home mortgage rates are going up, even as these guys are cutting the rates. It's because in the marketplace where people are buying the bonds, that's where they're bidding the stuff up because they're not buying it either. You know, it's just a lie. And so the interest as they keep pretending that inflation is not a problem, the market says otherwise.
Starting point is 00:05:11 And that's why you keep seeing the home mortgage rates go up. Yeah. And it may be cheaper for the banks to borrow and go directly to the Fed, but they don't want to pass that on to consumers because they don't believe in the strength of the economy. That's exactly what they're signaling. They don't believe in the strength of the borrowers to pay back those loans. And they're going to make money.
Starting point is 00:05:31 That's what they're going to do. They have the cash. They have the funds. They're going to hoard it, just like they did after 2009. You know, the TARP bailouts and Hank Paulson begging Nancy Pelosi for the, it seems quaint now, but it was supposed to be like the 700 billion that they needed to cover the shortfall through the treasury. And now we just look at that. And I was telling you off air that Janet Yellen is saying that she thinks that the COVID stimulus may have had an impact on inflation. So only the best minds, David and Errol era where when we look, when we make 2009
Starting point is 00:06:07 look tame and a bygone era, you know, when they bailed out for the great recession, now we just do that again. It's, you know, it's true. It's a trillion in debt every hundred days. And I think you and I even calculated the one of the last quarter of 2024. It was like every 90 days, it was like 2.3 trillion or something like that so yeah it's accelerating it's accelerating it's uh you know it's going up exponentially um so yeah maybe as we were talking about that i joked and i said well maybe she had some revelation when she was on mushrooms famously doing that in china and then coming out and bowing incessantly you know yeah we got uh what is it the the term was not kleptocracy which is ruled by thieves but we have a caucusocracy which is rules by the rule by the worst people that you could possibly have and that
Starting point is 00:07:02 janet yellen has to have her picture right there in the dictionary next to caucus-tocracy and Biden. Only the best minds. People like Janet Yellen really show you that they're not in charge. You know, there's no way that they could run something as complicated as the U.S. Treasury, or it's like a plant to make sure that she runs it the way, like kind of like a mobster would pick a real estate agent or something to run the casino. Maybe that's what Trump did, trying to figure out how he managed to bankrupt so many different casinos when he's almost got a license to print money, you know, but maybe he hired a real estate agent to run it. I know he hired a real estate agent to run it i know he hired a real estate agent to try to get that uh that house that he wanted a parking lot for it was it was
Starting point is 00:07:49 straight out of up you know he had some widow who had a home and he went he wanted to abide she didn't want to sell it and so he went to the local government and got them to condemn it take her home and everything and then he declared bankruptcy and shut his casino down anyway but let's talk about gold because we see that china's demand is going up in gold. And the headline is gold gains on technical buying as well as China demand. And, of course, the technical buying is going to be things that are be looking at what's going to happen with inflation and other issues like that. Right. Well, absolutely.
Starting point is 00:08:22 And, you know, there's something interesting about China. They bought the dip. Whatever they're running, their calculations, these are long-term. It's something China's been doing since the beginning of this century and buying off the books. And you have to wonder about that. They're not open about their gold buying. I remember stories that would pop up in the last 36 months where, you know, there'd be some giant gold purchase and then somebody would sleuth and find it's a subsidiary of the Chinese government that's buying this gold.
Starting point is 00:08:49 So they didn't want the world to know what they were doing. I think there will be a big reveal eventually and they'll just say, we have more gold in the US. I think that they actually do. I mean, I've seen research from a journalist over at Kitco speculating that China has close to 16,000 tons of gold because they've been buying literally since really just calculating where the trade deficits were going and what was happening with the U.S. manufacturing base. And they slipped in at the end of the 20th century. They got that deal from George W. Bush with most favored trading status for the WTO on December 11th, 2001, 90 days after 9-11. And since then, you know, it's 55,000 factories were gone within five years, you know, one in three manufacturing jobs.
Starting point is 00:09:38 Those were gone. So they that again, they had to go somewhere. People are funny about trade deficits. Well, there's, you know, it's not in a vacuum. It has to go somewhere if there's a deficit. And the surplus went to China. So in my estimation, I think these articles are going to continue to come out where you see China is the leader in the gold business and gold buying. They have 60,000 gold mines. This is worth examining. And what happens if the U.S. starts to try to be hamfisted about its trade policies, like with Trump talking about 100 percent tariffs on countries that don't use King dollar? What happens when the Chinese say, well, actually, we have, you know, when gold
Starting point is 00:10:19 remonetizes, we have the gold reserves, you know, used to be the U.S. with eight thousand and a half tons or whatever it is. I don't necessarily believe it anymore. We haven't had an audit since the 50s. So that is an open question, I think. I think Goldfinger got it all. Goldfinger, that was one everybody talked about, all the gold being in Fort Knox.
Starting point is 00:10:42 But is there any gold in Fort Knox? Who knows? Definitely. We have Bond villains, Davos for sure. One of them's got it. That's right. Well, you know, you said that China buys the dips. They bought 10 tons of gold in December because, you know, everybody else is so excited about Trump. That's why we put that in that commercial, Yukon cornelius you know uh while trump euphoria has got uh everybody's saying well we're gonna get crypto we're not gonna get gold well uh china went to the gold and bought that dip well absolutely i did too
Starting point is 00:11:17 um you know we bought it for wolfpack i i see that again the fundamentals are all still there what drove the price of gold to record highs i mean we forget it gold broke its all-time high like was it like 30 times or something in 2024 and before that it was gaps of years and years i mean in 2011 to 2020 yeah there was no uh ath no all-time high for gold uh but in 2024 like 30 something times and it was happening weekly i could come on the show here and we talk about it i know so that we already knew that that that was going to continue the fundamentals and nothing really changes with the election except for some proposed you know crypto deregulation or being crypto friendly uh for bitcoin which has driven the price of Bitcoin. And we'll see what happens there.
Starting point is 00:12:06 I mean, we were talking off air about the strategic Bitcoin reserve, maybe not going forward or losing momentum or steam. Or is Trump going to back out on that? That's an open question. He was really supported by the Bitcoin community and those in the crypto space. So we'll see. I mean, i've lived through the trump presidency i remember things i'm not i know i'm not supposed to uh gorvett also the
Starting point is 00:12:32 the united states of amnesia i try not to join that crowd but i remember you know 2017 to 2021 and uh what the what policies came out of that so'm skeptical. I'm just going to continue to do what I do regardless of the politics because I know that we live in a world of fiat and fake and debt. The world is completely overleveraged. I mean, corporate bankruptcies are up, I mean, massively this year. The corporate debt is staggering. And then, of course, the government debt is absolutely out of control. So none of those things are going to be fixed.
Starting point is 00:13:09 And I know that. And that means that commodities and things with finite resources will win the day. And it's not just America. It's countries all over the world that are getting huge leverage of debt. It's corporations. It's consumers. Everybody's going into debt. But's corporations, it's consumers, everybody's going into debt. But yeah, I like that.
Starting point is 00:13:27 We should talk about MAGA being make amnesia great again. That's the whole secret of success for Trump is to make amnesia great. And they're going to do it again. And that's where we are right now. The Atlantic had an article talking about the great crypto crash. And they said Trump is going to usher in a speculative frenzy. And that's the thing. Regardless of the fundamentals of gold or Bitcoin or the economy or anything else like that, I get concerned when I see frenzies.
Starting point is 00:14:02 Because frenzies always wind up creating bubbles and bubbles always burst at some point uh the other and and that's the key thing you know when even when you look at ai and the stocks around that because ai was the ai stocks were driving the stock market this last year you get ahead of expectations in a frenzy. And sooner or later, somebody says, wait a minute, this can't possibly work out with this kind of optimism. And a few people start to leave the exits. And then again, because we're talking about a mass psychology, everybody starts running for the exits then. And we saw that with the dot-com burst. I mean, certainly the internet was a real thing
Starting point is 00:14:46 and it was going to be there. So we could see that with AI. We could see that with the crypto optimism. There's a lot of deregulation that's going to happen. They've done a very quick whiplash from Biden who was doing everything he could to either outright prohibit it or regulate it into oblivion.
Starting point is 00:15:06 And you go from that to somebody who is talking about maybe even making it part of the reserve. Don't think that's going to happen. But, you know, this kind of whiplash that is there has really created a lot of market frenzy, hasn't it? It has. And that is concerning. I like steady. The bubbles and the frenzy and the
Starting point is 00:15:26 euphoria of all that and there's a lot of hype and that's where you get the pump and dump and we don't the economy everything's fake i mean it stems back from our currency and that's the argument i have every week you know about every every time i come on my show and i'm just going to be talking about that you look at uh the metrics of they have fart coin david it's like i mean the ultimate bubble right it's the ultimate i mean this is and what does that even mean like what these meme coins and other things and and what it leads to in my estimation this could be the way that i look at the world is probably very similar to you i look at these banksters they want ultimate control they want cbdc they've got this competing thing like Bitcoin. They've got decentralization in the market. Well, you know, do you invite it to the party? Do you, you know, throw it off the balcony? As I was, you know, that's what I think is happening with crypto is that they're going to inflate this thing so massive, get everybody involved and then crash it. And then that would call for regulation and see what that wouldn't have happened if we had a centrally convenient we like digital currency we love the convenience of that but you just need to give your biometrics over and it needs to be
Starting point is 00:16:32 state controlled and you know the centralization is is the key and regulation is the key and not these things that led to so many bankruptcies and failures and other things that's what i get concerned with and the number that's what the in the crypto space you always hear about you know number go up and i i don't think that's always the best outcome um you know i think steady as she goes and building equity and building networks and that's i think a lot of people in the bitcoin space want to build the bitcoin network and that's certainly me you know i'm I'm Bitcoin center. Like we're building an we should have the site live here within the next month for Wise Wolf Bitcoin. And it's going to be
Starting point is 00:17:11 Bitcoin only. I mean, it's just you can use Bitcoin to buy and sell with us or you can buy precious metals with us. We'll be able to it's very symbiotic what we're building. And that's based off the Bitcoin network. But I get really concerned. Like, I don't own these meme coins, and I'm not pushing. If you see me pushing a meme coin, folks, I've been hijacked. Something's wrong. Like, it's not Tony. So, like, I'm not going to be doing that.
Starting point is 00:17:37 It's AI. Somebody hijacked me. Be cautious. It's not me. It's irresponsible. And you see what happens because i don't see any value in it uh you can make by the way you can make a fortune in it but you got to ride the wave and then but that's not business that's right to me that's gambling
Starting point is 00:17:55 yeah that's gambling that's the stock market like a lot of the stock market it is it really is just speculation it's a casino yeah yeah so i'm very skeptical of things like that and especially in this area but that's where we are uh there's so much fake floating around and things that the pain really hasn't hit but i believe that we're just around the corner for just it just takes a little push uh into some uncertainty and you'll start seeing that what's going to win the day again it's it's who hold the keys of the commodities i saw an article uh earlier today doing some research and there's a lot of analysts that are concerned about if trump goes through with some of these tariffs what it's going to do
Starting point is 00:18:35 to the price of metals and especially things like silver they're clearing out the vaults right now around the world and a lot of these companies and large holders of silver and gold are bringing them home to the united states and housing them because if if if gold and silver are treated as a commodity and not money by these tariffs it throws off everything and it creates a like a devaulting uh where all over the world they started clearing out these well there's going to be so much unintended consequences from just i mean again nobody nobody's ever done that where we've punished other countries for not using our currency outright yeah with with tariffs like that even that would not be and i'm i'm somebody who who is a proponent of tariffs because of economic nationalism, but that's not what this is, what he's proposing.
Starting point is 00:19:29 Yeah, it's very much, you know, he's weaponizing our financial system against other people is what he's doing. Same thing that Biden did, except that, you know, they basically have both, they're going to destroy our financial system by weaponizing it, but they have different ways of doing it. You know, Biden's going to do it with sanctions, punitive sanctions. He's going to do it with punitive tariffs. Same thing. And when you take a situation as shaky as the world economy is, regardless of where you look at it, I mean, China is not solid either. I played a clip last week. A lot of individual Chinese, and I don't know what happened to their social credit score when they posted this stuff up, but they were showing pictures of empty trains, pictures of empty cities, pictures of empty shopping malls. And of course,
Starting point is 00:20:18 I've seen pictures of these mansions that the Chinese built, these entire very elaborate, expensive homes, never occupied. And so it is kind of a Potemkin economy in many regards. And if Trump throws in these kind of punitive tariffs, it's going to be like throwing a bomb into a crowded theater here. Who knows what's going to happen and who's going to get killed with this kind of stuff. But I think he's really going to do it. He's an agent of chaos. And boy, he puts in massive tariffs. And even if he doesn't do it, even if he just uses it as a threat, that's not going to be
Starting point is 00:20:56 good for our economy because people are tired of being threatened by the U.S. government. We've done that. Biden does it. Trump does it. They all do it. They're the bad boy in town. And we can use military force to take Panama if we want. And there's nothing that you can do or say about it. That's what we've seen these guys operate for the longest time. Arthur Hayes was saying that unexpected decisions from Trump or from the Bank of Japan
Starting point is 00:21:23 or China's economic policies, any of this kind of stuff. He says any of these things could trigger this. And he thinks in addition to that, tax deadlines that are coming up in April, a lot of people perhaps are going to, you know, we've seen the kind of headwinds that the tax season has on crypto. So he's thinking that it's going to hit the crypto just in general, not just Bitcoin, but all of them
Starting point is 00:21:47 hit their peak in March of 2025. So he's pretty specific in terms of his bearishness. I think that will most likely turn out to be true just based off of my own analysis because, again, I'm buying Bitcoin for inventory,
Starting point is 00:22:03 but I expect the price to draw back. I think we probably will end 2025 over where we are right now. I think it'll be a decent year. But these overzealous, I think they're just way out of front of what Bitcoin price is going to be. And, again, if you look at the other markets, they follow Bitcoin. So if Bitcoin's not really moving, these other things are going to go stagnant. And the meme coin space and all the stuff that doesn't serve a function will start to implode. It's like the dot-com era, you know, the same thing.
Starting point is 00:22:37 Dot-com overbuilt. And there was so many, you know, everything was going to be, you know, 100x and all times earnings and all this stuff. And it was crazy. I remember my dad talking to me about it. I was a kid, you know, but right before I went into the military, we were just discussing what the stock market was and why he didn't own stocks. But he had, you know, multiple businesses. He's like, this is, they're overvalued. And certainly that's true today.
Starting point is 00:23:01 And it took down even companies like Cisco and Intel went down. It wasn't just pet.com, you know. It wasn't just some retail, you know, pretty much most of these retail.com things that people have bet so much money on. It's kind of like the meme coins today. And about the only one that really survived was Amazon. And what's the latest from Earthlink? You know, like what's the latest from Amazon?
Starting point is 00:23:22 I mean, or not Amazon, but AOL, you know what I mean? Yeah. Tom Warner, you know like what's the latest from amazon i mean or not amazon but uh aol you know i mean yeah a top warner they you know worldcom they had all these things that were fused together at that time and uh they're just not household names anymore and lost massive market share um they just you know they had their time and it wasn't uh what fit i think that will that will be what's sorted out here with the crypto i still believe in the space but i think you know so many things are about number go up and it's not about fundamentals or about what makes the coin usable valuable uh and i think the only thing that really serves any purpose right now aside from possibly xrp or or ethereum which i still i don't own any of it, is Bitcoin. Yeah.
Starting point is 00:24:06 You mentioned Earthlink. I was so disappointed to lose my email address that I had at Earthlink. I put in DK at Earthlink, but I spelled it out D-E-C-A-Y at Earthlink.com. That went away. I got a question for you from Coelomo. It says, Tony, talking about insurance in California today. What companies insure gold and silver bullion at home? Bank deposit box or at a private deposit box? Are these policies worth it? Well, I use the Hartford is what I use for insurance.
Starting point is 00:24:39 You can look into that. But if you're storing your gold and silver, mean look at some reputable places i know uh andy sheckman over at miles franklin i've you know i've talked to him and he's he's got a really good storage program with brinks so you ought to have a you got to have a strong name whenever you're you're putting it anywhere and of course we have uh through the trading floor in dallas for through dylan gage we have our our stories with IDS and others for your IRAs, and those are insured massively. But if you're in private hands, again, you want to just really be cautious about that.
Starting point is 00:25:14 They'll probably have some suggestions wherever you're storing it on the insurance, but I use the Hartford. They've been decently transparent. And that's like an extra rider that you put on your homeowner policy? Yes. I use the Hartford. They've been decently transparent. And that's like an extra writer that you put on your homeowner policy? Yes. I use that for business. And I've got land in Arkansas and my house here in Texas. So it's kind of a universal policy that covers businesses and inventory and things.
Starting point is 00:25:42 And they know. They're very aware of what I you know, what I hold. So that's what I use is the hard fruit. Yeah. And it's the kind of thing that, you know, if you've got anything that's got a lot of concentrated value, you need to have that, make sure the insurance company is aware of that. And that is, you know, you declare that and make sure that they have insured that as well.
Starting point is 00:26:00 Anytime you got something of value. So what's going on at Wisewolf? You said you got the Bitcoin exchange that you're're working on it's coming up soon right what else as fast as i can uh working on that and uh we should and we should be live by the time we do our show uh next week david i should be live where you can use bitcoin to buy gold and silver through me online and with no fee and And we're the only broker in America that does that. It'll be no transactional fee whatsoever. You just pay for the price of the metals. It'd be like cash. And that if you're doing that, if you have a credit card,
Starting point is 00:26:34 you have to pay a fee because we have to absorb that. But I've made it to where Bitcoin's pretty symbiotic with us and we'll be doing some press releases. So we're really excited about that. That's been a network I had to build in and it's not as easy as it looks. So the shopping cart will all be set up for Wolfpack. You'll be able to do one-time purchases and then we're going to add some other aspects to that site. So you can just, you know,
Starting point is 00:26:58 if you want to do a blanket amount or something of gold and silver and we buy it for you or whatever, we have so many programs rolling out but it's going to be a symbiotic relationship between uh bitcoin and gold and silver with no fee so we're looking forward to that so you can move back and forth between bitcoin and gold without a fee that's that's cool yes yeah you can get into precious metals no fee when you uh shop through us which will be again nobody else does that. And we're glad that we're the first.
Starting point is 00:27:26 Well, that's really good. So, yeah, people are concerned about something crashing. There's a way for them to switch it into something else coming up. So that's great. And we can talk about the details of that and more about that next week when you come back on. Anything else going on at Wise Wolf? That's a big deal.
Starting point is 00:27:42 And I know that's a lot of work to get all that stuff together and especially because all those regulations are still there oh it's it's still there i brought up my my little brother he's not little he's a i call him little brother i brought my brother and uh to help me and uh he he ran a fairly large bitcoin atm business that we started together but he took it and ran with it for many years and sold it within the last couple of years so he knows all everywhere you know where everybody is and who to talk with on regulation and banking so i just brought him in and we're going to fuse the two things together which i think you know even with what we discussed with the crypto space i think it's going to be volatile but i'm betting that you know again that the free
Starting point is 00:28:25 market or innovation and the entrepreneurs uh still drive a civilization so i i'm still still optimistic there that those things will go together and then of course the precious metals david i mean um i still think we're massively undervalued most analysts are looking at rising gold and silver prices and i know that that they will because you have the Fed meeting and they're talking about inflation and they don't know why. It's just they don't know where it's coming from, but they're going to lower rates. And I'm just thinking, OK, and, you know, Janet Yellen is thinking maybe that the COVID stimulus had something to do with it. So I'm still betting on on precious metals and finite well even when you look at some of the big banks and their analysts are saying well maybe not you know a lot of them
Starting point is 00:29:10 were saying 3 000 by january whatever for gold now they're saying well maybe by the end of the year whatever but that's still a pretty big uh increase you know going from what is it now about 2 600 something to to 3 000 that's a you're not going to make anything at all like that and in the savings account they don't pay zero they're like 0.1 interest or something like that but uh something after january 20th uh after the inaugurate i think you'll just start seeing rising precious metals prices and the reason is is because there's going to be a massive amount of spending you and i both know this it's going to be a suspending spree uh the likes of which we probably never seen before there's going to be a lot because that's what the previous trump administration was all about
Starting point is 00:29:55 the stock market and uh you know just inflating that and if you recall venezuela they had a you know booming stock market too while their currency was dying and it won't be like that necessarily in the u.s but the king trump loves a weaker dollar he's he wants that and it's uh it can be good to fuel a lot of things in the short term but we both know what that does to the price of commodities it's going to drive that and that's that's what those analysts are predicting i think they're right yeah oh yeah i think people are going to be – it's going to – whether or not the Make Amnesia Great Again crowd gets it or not, the other people are going to get it. And it's going to have real effect when the rosy scenario that people are expecting from Trump doesn't happen. And I seriously don't think it is. But it's great, the entrepreneurism that you do in terms of not just what you're planning on doing with Bitcoin and gold and going back and forth, but also with Wolfpack.
Starting point is 00:30:52 And so, again, that's something unique that nobody else does that you've done and kept that up for quite some time. So it's great. And you've got a program that is coming up right after this. Tell everybody where they can find that at noon Eastern time or 11 Central time. Where? Yeah, noon Eastern, 11 Central, Arterburn Radio Transmission. Once a week. This is episode 495.
Starting point is 00:31:18 So join us today. I'm on the quest for 500. We're broadcasting over WWCR. I just got that contract i got i'm off all traditional talk radio now uh david i just decided it i'd outgrown it it's not for me anymore it seemed like a game um like a lot of the content is just silly to me at this point uh we've moved past that and i put away childish things so i'm not doing that anymore. But you can find me on X, at Tony Arterburn, and on Rockfin, on the America Unplugged channel, and on Rumble.
Starting point is 00:31:49 So join us over there. It's a solid hour. I'll see what I can come up with. We've got some stuff to talk about. That's great. And people can always get to Tony. He's easy to remember if you're a watcher of this program, davidknight.gold.
Starting point is 00:32:01 Tony set that up. Take you to him. Let him know that you came through us, and he can help you get set up with Wolfpack. That's a great way to accumulate gradually, to accumulate gold and silver as kind of a savings program. Remember when Americans used to save? Well, you can still do that. That's still up to you. Thank you so much for joining us, Tony. Always great talking to you. Thank you for supporting the program. Appreciate it. Thank you, David.
Starting point is 00:32:22 That's right, boys and girls. There's a post-election sale on silver and gold. Trump euphoria has caused a dip in silver and gold. It's time to buy some metals with fiat dollars before they come to their sense. Go to DavidKnight.gold to get in touch with the wise wolf himself, Tony Arterburn. He knows where to look to find silver and gold. Yahoo! York!
Starting point is 00:33:04 Fiat!

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