The David Knight Show - INTERVIEW Arterburn: Trump & RFKj at Bitcoin Conference

Episode Date: August 1, 2024

Tony Arterburn, DavidKnight.goldBitcoin has now become a partisan political issue.  What are the implications?And what were the political promises made about it?Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFind out more about the show and where you can watch it at TheDavidKnightShow.comIf 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: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 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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wolf pack you can also find that at wise wolf dot gold or you can go david knight dot gold and let him know that you came through us. So joining us now is Tony Arteman. Good to see you and talk to you, Tony. You were busy last week. Tell us a little bit about that. Yes, sir. Well, thanks for having me back as always.

Yeah, I was at the Bitcoin conference in Nashville. My son Houston and I went and stayed from, it's Wednesday through Saturday. And wow, I had never been to, I'd never been to one of the conferences. And I just kind of took it for granted. I've been in the space since 2016. And even Trump mentioned in his speech about, you know, when he took office, Bitcoin was around $800. And then when he left office it was thirty five thousand dollars and i said well actually you know i was thinking back 2016 you know during the election year it was down like 350 a coin i remember because i was buying it um and i didn't have a lot of money and everything i had i put into a bitcoin atm and i'm just thinking about how different the space is

now david it it's it's so it's such a monumental shift that I think we take it for granted that you have not only a former president, you have Donald Trump, of course, running for president, nominee of a major party. You have RFK Jr. There was senators. This is something that I guess I just I knew that they were talking about. I knew it was on the radar. I anticipated Trump was going to mention something about using it as a strategic reserve asset. But having RFK Jr. up there being very specific about what strategy he would use as president to buy Bitcoin for a reserve asset for the United States. He was saying he'd buy 550 bitcoin a day he would order the treasury to buy 550 bitcoin a day until it reached 4 million in holdings which would be a 19 or so the world's supply of bitcoin which is he wanted

to put on parity with our uh supposedly what we hold in gold i mean we've you know i've had that conversation many times i'm not sure what we hold uh well i don't i'm not sure what we have an accounting of but it really is um something to watch david i mean this this shift from bitcoin being a subculture a fringe thing uh that i got into in 2016 to all of these dignitaries and political candidates and now you have this is something that in the bitcoin community they call game theory where they've you know mapped out what would happen you know eventually when bitcoin becomes scarce and the price goes up and it's more valuable that governments start fighting over uh bitcoin dominance i'm not sure i subscribe to that completely but it is i mean it's a crazy thing to watch and uh i got to see that i got to see edward snowden speak and i was really proud

of my proud of my son he was really just getting into this it was look i'm a gold and silver precious metals guy and i got to watch michael saylor uh give his presentation one of the things that michael saylor put up that I found really interesting, I'd never seen it put that way, but he had a, on the screen and a big screen, and he put up all the assets in the world markets. And, you know, by, you know, my degree, you know, like, so hundreds and hundreds of trillions and up in the very left-hand corner, little tiny spikes, little tiny reference points was gold. And then behind that was silver and then Bitcoin. So like the rest of the world, like what do you consider assets or

stocks or currency or whatever? So up in the very left-hand corner was the actual money. And so I thought this is an unsustainable model as well, because everything, you know, you talked about before we went live, you on your show you were talking about uh the governments of the world central banks uh really hoisting themselves up by their own petard yes we live in an age of fakes there's so much debt so much liquidity uh fake and uh again without value so that there's we live in an inverse uh it's upside down. And I think that's what a lot of this, I think, political movements in the Bitcoin space, it is really weird. I don't just swallow it whole because back in January, I gave a little talk on my stream.

I said, is anybody, BlackRock and Larry Fink are now pushing Bitcoin because of these ETFs. Yeah. So I've mixed emotions on that because larry fink doesn't like gold so what's the deal about bitcoin so there's a lot of open questions but i do think just this monumental uh movement it really is it really is cozy to watch david is the shift away from the subculture water into accepted reality for finances. Yeah. When you talk about the chart from sailor, it is very much like the dead internet theory that basically the internet has

been taken over with phony stuff from the government. And that's what they've done to the financial system, isn't it? Yes. It's all built on fake. And then when I've never seen, I have to maybe get a copy of screenshot it for you. I just was sitting there with my son and I go, just look at that.

So I'd never seen, you know, just all of the amount of currency and debt and what they consider assets, but those could be paper assets and stock markets and exchanges and other things that really don't hold value. If it's not, you know, real assets or whether it's real estate or or tangible something and so that those those were relegated to a very very very remote corner of the financial map so i don't think there's not enough there's not enough real to go around in this world of fake and so when you look at it you know my take on on Larry Fink is as he's talking about all this stuff and he really is.

I don't know if it's so much Bitcoin as it is ETF stuff, because when he's talking about it, he actually makes ETF a verb. He wants to ETF everything. And in a sense, that's like making everything a derivative. Of course, he would like that. That's what these people have done. They create these fake derivative financial instruments that gives them the kind of leverage to do this you know that's where the all this fake stuff comes from it comes from these derivatives that are out there and i think he sees a whole new area of um you know crypto fakeness uh and crypto derivatives using the etf stuff uh that's the

thing that concerns me about it but what do you think about all these politicians i mean they've got their agenda of course there's a lot of people that are making contributions to politicians like tom emmer he supports it because he's getting not because he wants to have honest money but because he's getting a lot of contributions from people who are in the crypto business and that's fine you know, I think that the Bitcoin thing, it's good for us to have alternatives to the monopolized fake system that the government has. But I also suspect the motives of these politicians.

Was anything said about CBDC by Trump since Jared Kushner was plotting the beginning of CBDC there with Steve Mnuchin, Trump's Treasury Secretary, when Trump was in office. What did Trump say about CBDC? Yeah, conveniently, nobody brings that up when Trump starts talking about CBDC. But yeah, he did mention in his talk, he said, and there'll never be a CBDC while I'm president. You know, so like there's not, well, there's not a wall either, but yeah, the whole thing with it, with it, with him and his promises, I just, I was more interested in, you know,

I don't think Trump believes any of this. I think he was literally the way that the speech went, it looked like he was reading it for the first time. Like if you, if you watch him go over his uh the uh the stats on on bitcoin being at the market cap relative to silver and he says it surpassed silver wow it's like he's like he kind of takes like that's wow like he's reading it for the first time like oh wow that's uh that's pretty amazing maybe it'll maybe it'll reach gold you know like so what he starts going into but um no he did mention that

and some of the other politicians with it that was another thing that i thought was i just didn't expect that i guess i've been paying attention but maybe i just uh maybe that escaped me but there really is a lot more political involvement in bitcoin uh and i just again, the difference between where it was and what Bitcoin has originated and where it is now. I think it's got a it's got a story to tell. There is going to be a lot more that comes out of this with Bitcoin. But I think we have to watch these politicians very closely. What are they actually trying to do? I mean, you mentioned Larry Fink and I wondered, what's the scenario here what's the end game you're right he does really only he doesn't talk about you owning bitcoin yourself with your own keys he's talking about etfs that's right and he's talking about controls yeah i think his play is derivatives yeah yes i i think there's something that of course in in blackrock's

connection because of trump to the fed uh to the central bank and you know if a president ordered the treasury to start buying bitcoin what would the federal reserve do um you know would it be would it be akin to jfk executive order on silver which rfk jr mentioned by the way yeah so i thought that was interesting what do you say about it well he just mentioned that his uncle had signed an executive order on silver uh wanting to make it somewhat of a permanent monetary class asset and uh that you know after he was assassinated all the silver was taken out of the coinage so it's something that, again, those of us that recognize the conspiracy theory of history, that's a direct correlation of, you know, JFK, along with Abraham Lincoln, like him or not, those are the only two presidents that printed notes direct from the Treasury. And they were both shot in the head in public to channel Jim Mars.

But, yeah, I mean, that's something that I think directly correlates to JFK having been an enemy to the Federal Reserve. He was very skeptical of the Fed's power. He was very specific about how he would accumulate a big Bitcoin reserve. Did he have any other specifics about things that he talked about, CBDC? Every dollar counts to keep up with the bills or to help with the cost of raising a family. A little bit extra can make a difference. You might be eligible for benefits and credits like the Canada Workers Benefit, the Canada Child Benefit, the Disability Tax Credit, and the GST HST Credit. You may also be able to get your taxes done for free. Find out if you qualify.

Visit canada.ca slash every dollar counts for more information a message from the government of canada that's specific he did he did talk about cbdc and uh he mentioned what his transformation really came down to um being involved in the the strike the canadian truckers strike a couple years ago and he said that's when he years ago. When he saw that, when he saw that the Canadian government's overreach and being able to freeze accounts and go

after people as enemies of the state just for peacefully protesting, he looked at alternatives and found Bitcoin. He's very specific. RFK Jr. wasn't hand-wringing. He had really thought this through. It seemed very strategic on his you know it's i don't think rfk jr wasn't handering uh he had really i think thought this through it seemed very strategic on his on his part so i got of all the people there i found

him to be the most interesting to watch and of course you know trump did come in and he didn't obviously go as far anywhere near as far as rfk jr but just the mere fact that they're there and this in this space and then you got this type of uh spotlight being shown on it i did think too david it's interesting that it's for whatever reason partisan i mean and you got mostly it's mostly republicans uh that are you know for bitcoin or uh counting bitcoin which i find bizarre then of course you know rfk jr is an independent candidate so it really highlights the difference there is some difference in the in the parties there uh i don't trust even one of the parties as you know right um i don't i don't cheerleader either one of them uh but it

is weird that it is somewhat partisan and and of course uh i forget specifics of it but immediately after all this talk about having bitcoin as reserve, the Trump and the Biden administration did a massive move on Bitcoin that they hold. I forget. Maybe, you know, the specifics of it. But in a way, as a kind of counter and defiance to that, showing that they are still at the gist of it was they wanted to send a signal that they're still at war with Bitcoin and crypto in general, right? Yeah, absolutely. So one analyst called it tone deaf. I don't think it's tone deaf at all. I think it was an indirect defiance of any kind of future policy.

This is 200,000 Bitcoin held by the DOJ, which were all assets um for people and civil asset forfeiture you know and that's what that's what they are silk road or other things like that with ross ulbert so yeah that they move that there's no that's not a coincidence at all it was moved into an unknown wallet uh from a known wallet into an unknown wallet um so they're just doing that just to show that showcase and you're exactly right, that they're still in charge, that there is a war on crypto and private assets. This is weird. The tomb of the unknown wallet.

The tomb of the unknown wallet is where they put it. We don't know where it is. But also you mentioned Ross Ulbrich and, and Trump mentioned Ross Ulbrich who he had an opportunity to pardon, but he didn't. I remember there was a concerted effort by Ross's mom, Lynn, who I've talked to many times to try to get him to pardon, but as he's leaving office, he only pardoned white-collar criminals that Jared knew from Israel or whatever.

I mean, it was basically, it was that bad. He didn't want to pardon Snowden or um uh songe or ross albrecht but he did mention that he would pardon ross albrecht and again that is a newfound um issue for him i guess uh in the context ross albrecht is something of a placeholder for the bitcoin community because one of the reasons that they railroaded him and gave him consecutive life sentences. So he could never get parole was to send a signal about a Bitcoin. Was it? Well,

that's exactly right. They were handing out t-shirts at the event and it was like free Ross, you know, vote Trump. And they were handed, those are free and look a better late than never. And that's a lot of hope. Oh, by the way, I think I may have to pause my mic here.

We've got the train going by my house here in Texas, David. It's pretty loud. I may have to. You may have to come back to me here in about two minutes if you don't mind. That's okay. I don't hear anything with it yet, but we'll let you know. Well, you will. Yeah, I live right next to the train track, an old house built in the 40s.

There you go. You can hear the train. It's a lot of fun. I don't hear it. You hear it there, but we don't hear it over the microphone. Oh, okay. Well, that's good. Yeah.

Oh, okay. Well, normally it's a pretty loud event. I have to pause it whenever I'm good. Yeah. Yeah. Okay. Well, normally, normally it's a, it's a pretty loud, pretty loud event. I have to pause it whenever I'm broadcasting. Okay. Yeah. But yeah, they were giving out free shirts and they offered me one and I felt, I felt bad for them as like, you know, again, Trump was already president and I, I don't know, I can't suspend disbelief long enough to go.

Oh yeah. As soon as he's like, well, maybe that's the case. And maybe they've broken through. Maybe he has had some kind of change in policy or that's advantageous now uh and a lot of things had to happen for that to to take place so i i really really do hope that he does pardon ross and uh that that you know that happens um but when i see things like that that it's it's very partisan uh you know vote trump he's going to do this and that there was a lot of people there in the maga movement because of you know you know it's a thousand dollars a ticket to get to get into the general seating

so it wasn't like a huge maga rally but it was very very very busy very tight for for james speed well that's interesting and uh it'll be interesting to see what happens so uh how do you take things and of course there's been this uh such a crazy election cycle um since we've last talked so many things have happened uh so what do you think i mean you think that uh i know everybody was cheering on trump because he's uh now thrown his hat in on the side of Bitcoin as it's become a political dividing line now. But how do you see this? Do you think we're too far away to make any predictions or do you think that Trump is going to be able to pull it out with Lala Harris? I mean, she's pretty flaky, but again, she is, for the most part, a fresh face for a lot of these people and you

know trump's been around now for eight years a lot of people really hate him so i don't know what how how to make this uh how to call this election especially because we've got both sides are certain that their side is going to win that's my real concern is that it's going to trigger violence perhaps even a civil war. Who knows how they'll use it and how they're setting this thing up. What's your general take on the election? We don't usually talk that much about politics, but since we're talking about Trump and the Bitcoin conference, what's your take on it? Well, prior to Biden getting out, I felt like it's pretty much an inabilityimbability that trump would would be re-elected

or re-selected um i don't know now there's a wild card there and the thing is i don't think that kamala harris is necessarily going to get a lot more votes than joe biden would have i think that our politics have are defined now by demographics i think that's what a lot of people i don't even know why anybody would study political science anymore all you have to do is I think that our politics have are defined now by demographics. I think that's what a lot of people, I don't even know why anybody would study political science anymore. All you have to do is shift the demographics to like a California. And then you just have a ruling class. You have a, it doesn't matter. You can run a dead person as long as there's a D there. Um, then you win.

I mean, once a state, once an area goes demographically blue, does it turn back red? That doesn't happen. Only red states turn purple and then blue. Blue states don't go red. When I was a kid in Texas, there was a the Democratic Party was still very prominent. This is, you know, LBJ country, blue dog Democrats. And you remember Ann Richards was governor back in the early 90s. She was eventually defeated by somehow a very cogent George W. Bush.

And if you look at those old tapes, like, how is that guy? Is this the same guy that was president? And he used to be, nobody told him to act dumb yet, I guess. But Ann Richards was a Democrat. She was governor of Texas. It was very much a democratic uh state a blue dog democrat state you know it turned into the and i i'm with you i disdain the red blue um identifiers i know what that psyop is but it turned into a republican

state and you know now it's now it's republican um and that doesn't happen with that doesn't happen anymore it doesn't happen with uh you know it's not going to happen the state's not going to go from from a blue state to a deep red state or anything like that um so i think what what we're really going to watch here is an actual campaign which i think trump's running somewhat of a campaign versus what kamala harris is going run, which is just demographics. I mean, they're just going to, the key points, the identifiers for those people that vote that way. And it doesn't matter what her policies are going to be. It doesn't matter what her politics are. It doesn't matter even if she has a gaffe. I don't think that really, we're just not in the

same country anymore. This is not this, this not 1984 reagan versus mondale where reagan can get a you know a 48 state landslide it doesn't work that way um i just think whatever people are already drawing their lines of where they are the republican party and and trump's base is shrinking it's not growing it's a shrinking base unfortunately because of the things that the republican party have done to this country whether it's you know outsourcing jobs or insourcing people um you know and not doing anything about the border mass immigration i mean we import a million legal immigrants a year a million that's not illegal immigration it's just regular immigration and 80 of all new immigrants vote democrats so 800 000 new democrats a year yeah just regardless that isn't that's not counting the

the factories and universities that turn out left-wing uh young adults uh all over the country that in school systems and television and culture so that's this the cards are stacked against anybody uh that carries anything of a conservative mantle and i don't know trump's still not really running on anything substantive that's right it's more like a cult of personality i mean we have the assassination attempt that garnered him a lot of iconic photos and all that but still policy i haven't heard policy you know um except things that are alarming, like the trade war stuff. Yeah. So I don't know, David, I really I think it's a toss up at this point. And if Kamala Harris, you're right, though, about the the fallout would be tremendous for those.

I mean, if you're in the MAGA camp right now and you're wearing that hat and you really think, you know, Trump's the second coming and all that, like you're going to think it was, it was stolen. And I mean, it very much would have been, I don't know, but you're definitely not going to believe anything. Um, and the same thing goes for the other side. Like how can the first, you know, Indian black, you know, prosecutor lady, whatever she is, uh, how can she lose to this buffoon? Right. Um, so both sides and they're both both sides are tribal everything everybody's dug in but i do think like it's it's you know biden in 2020 he doesn't have to fill a room he doesn't have to fill a stadium he doesn't have to have boat parades and all this other stuff he just has the votes that's right you know and that's

that's how demographics work and it's how how the electronic voting stuff works as well. I've spent a lot of time talking about that this last week. And, you know, it is just yet another so many different ways that they can rig the election. And I thought it was very telling. When you look at Venezuela, they immediately knew that it was a rigged election. How? Well, they use Edison Research, the same people that do it for all the news organizations here in the U.S. And they ran exit polls and they looked at the exit polls versus the official reports. And they said, yeah, this is rigged. And that's how the State Department has always assessed whether or not a foreign election is honest or not.

So why didn't either the Republicans or the Democrats use it to prove their point with the 2020 election. I think it's because they're both rigging the election. It's a hacking contest in a number of different ways. And so that's why I think it really is impossible to figure out what is going on with it. But everybody is invested in it, as you pointed out. And I think they want it that way. They want people fighting each other over the election result, whichever way it goes, they'll be able to do that. So I think we're coming in for some for some difficult times politically as well as economically.

You know, when we look at this, Tony, in terms of CBDC and the rest of the stuff, Europe is going full on. I mean, they they've got five countries that are doing the vaccine passport thing, and they've continued to develop this. They're rolling it out, doing their beta test sites at five different countries. They're talking about a digital euro and how it's going to be their option for electronic payments and all the rest of the stuff.

I mean, it's moving into that. It's kind of on the side burner here in the U.S. while we got the election. But I think they're going to ramp that up pretty quickly. And, of course, next year after the election, Real ID comes in and it is going to be required to fly. It's going to be, you know, they're going to bring it on in force after the election.

And I think these next four years, it's going to be a real fight regardless of who they select to be the president it's going to be a real fight for the last four years to take us into this 2030 dystopia that they've been planning a long time well i i couldn't agree more uh it's it's like akin to world war ii when they uh set up patent to look like to feign that looked like the third reich was he was going to come in from the the channel and they built up all the fake even like inflatable tanks and other things you know that's what the election is yeah the election is that have all of us looking over here that's right looking at this thing that really doesn't

matter i mean it really doesn't uh at the end of the day if there's no real substantive policy differences not really um you know you still those who are in control which is this the multinationals and Central Banksters that's really who's controlling most of this in our politics but it's just a head fake the agenda 2030 uh great reset March is on that's what we have to pay attention to the world's changing. It's changing rapidly. Neither one of these candidates are talking about de-dollarization. I'm not, not really, not any real, not with any real clout.

And they're not going, they're not going into depth. They're not, they're not doing anything that touches the real problems here of this waning tower in the United States the the empty empire the infrastructure uh coming apart and uh are standing in the world all that economically it's it's again very fragile a fragile system yeah i mean look at the the crowd strike issue that happened uh what 10 days ago and uh and how everything was affected all across the board. Very fragile system. And we've got tripwires for wars all over the globe.

And I don't like to just get into like, oh, it's just a dark time ahead. But there's a lot of challenges ahead. And again, our politics are just a distraction. Maybe 20 years ago, we'd been talking about what's affecting people. But now it's just a cult of personality. I like what Edward Snowden said at the Bitcoin event. ago we'd been talking about what's affecting people but now it's just a cult support personality um i like i like what uh edward snowden said at the bitcoin event he said uh go vote but don't join a cult i mean he's he's saying he said it like five times like he's like you can go vote he's like vote you know vote your conscience but don't join a cult good that's what a lot of this has become and you know it's really sad i i went in to go watch the trump speech in in the actual auditorium

and he of course it took like an hour to get in there and i got there early in the morning with my son and then about you know two or three hours into the talks my son's like i need to get some more coffee so he got out and he's like i can't get back in so we i just i just left i'm like i'll just listen to it outside you know i walked around the the expo i didn't miss anything but you could you know anytime a speaker would mention uh you know before trump went on stage anytime a speaker would mention that trump had been anti-bitcoin anti-crypto in the past the crowd booed heavily and i thought maybe for a second they were booing that he was no it's the fact that somebody brought it up yes exactly you're not supposed to notice it and it really is a cult and these people can't just yeah and we all know it you know as that's known as

saying you keep it at arm's length you know i but but they have bought into this thing and that's what's dangerous that's the thing about this election that scares me, not the outcome, because they're both controlled by a lot of the same forces. What bothers me is how they have used this to essentially create a competition chaos, a civil war over these personalities. It's not even over the issues. It's over the personalities issues it's over the personalities it's over the personalities it's a real shame and again uh we have to do our best if we have

to cover the you know i covered on my show you covering we have to cover some of this uh as sun sue said no you're enemy we have to have intel but that's not really what's going on here you know there's much larger issues that we face here as a country uh and i i agree with you on electronic voting you have to start there yeah you know don jeffries did a great job in hidden history calling uh covering something called vote scam you should yeah i recommend anybody uh go look into that there was a a pair of brothers that uh really researched electronic voting and vote tallying back in the late 80s and early 90s. Go check out Don Jeffrey's work on that in Hidden History. And it's really eye-opening because we don't have true accounting.

And especially when you do something electronically, you're right. They could be just like who has the best hackers. Yes, it is. It's a hacking contest. I said that after 2016 because I talked a great deal about electronic voting not specifically about any particular company like smartmatic or dominion or any what you know there's also es and s uh but it's just electronic voting in general and how vulnerable it is i said you know you can cheat with anything uh but when you've got uh electronic voting it allows people

to stuff the ballot from anywhere in the world. They don't have to be there physically. They don't have to have an agent that's there physically. They can do it from anywhere. And so you've opened up your system to bad actors from all over the world. And that's the real issue for it. And, you know, you look at the history of Venezuela, these, you know, Chavez and all the rest of these people, they have been able to maintain the power of this socialist party by using these electronic voting machines.

So that's the other part of it. And so when I look at it, it isn't so much that I say, well, you know, who's got the better story about issues or the more likable personality or who's got the most boxes checked on the intersectionality ranking thing here? But who is it that the system would like to have? And how are they going to use this person? That's what really scares me about the cult that has been developed around this. That's what really scares me.

I think that's the way that the selection is going to be used. They don't even pretend to have an election anymore. I mean, it's just a selection. And everybody can see that, but they're still drawn in as a cult. It's amazing to me. Yeah, we've just suspended all thinking. All critical thinking has been suspended due to partisanship. That's where you just leave your brain.

Unfortunately, that's where people go now they're very partisan or dug in on those lines and it's just getting more and more entrenched i was on a show yesterday he says well uh he's a conservative catholic and he said well i get in a lot of trouble because i don't i don't just necessarily follow trump you know i could criticize trump i said oh you just lost a lot of money too that's how all of this works you know and just being in that crowd though this is you know, I could have criticized Trump. I said, Oh, you just lost a lot of money too. That's how all of this works, you know, and just being in that crowd though, this is, you know, these are people that are supposed to be free thinking Bitcoiners, you know, skeptical of the central power, central bank, skeptical of fiat currency. I mean, you don't travel to that far and spend that kind of money to go and sit in a conference and listen to Bitcoin if you haven't thought some of those issues through.

But when it came up to Trump, there was just a ton of people there booing anyone who said anything, even if it's repeating what he said. Yeah. Oh, yeah. Oh, it's amazing. Absolutely amazing. I've never seen anything like it in all these years. It truly is a cult.

Talk to us a little bit about what you think is going to happen with interest rates and gold as you're looking at the the federal reserve i've been talking about you know these long-term issues regardless of what happens in the short term before the election and we look at the long-term issues uh jenny ellen's down at the entrance to the amazon essentially you know the last gas station before you get into the Amazon, I guess. They're having this conference. She says, we've got to spend $78 trillion in the next 20 years to save the planet. And the bulk of that is going to come from the U.S. It's going to be like a big COVID MacGuffin thing annually just over this climate grift thing.

And of course, they're going to pile this up into massive debt but at the same time as soon as as trump mentions well let's not tax social security or something they trot out the congressional budget office to say we don't have the money for that but they got the money for the climate mcguffin and it's going to be massive inflation they're going to keep going into debt until they do collapse it they'll do it over the green agenda, if nothing else. But what do you see in terms of short-term, in terms of interest rate changes? It reminds me of when I first went on air on the radio 11 years ago, and there was an article about how they had shortfalls for the veterans budget for the VA.

And having a hard time, they're going to need to have so much more and they couldn't find it. It wasn't in the budget. And I just went through all the foreign aid and I was like, well, here we go. I just went live on air and I was doing the calculations. Let's just cut out this country, this country, this country. And I go, there's the, there's your, there's your shortfall. Of course they don't have any,

they don't have anything that actually helps America. They won't have anything that helps our infrastructure that makes us stronger that improves our society um the the ruling class or absentee landlords they they're literally gonna flee the sinking ship the treasury's being looted i mean how how i just saw an article today on kitco um the the debt is past the 35 trillion. So 35 trillion was 1 trillion. The year of my birth. Right. Right. No, not quite a trillion.

It reached it in 1980. So again, now we go a trillion in debt every 90 to 100 days. The wheels are off. So, of course, you can promise anything. I mean, you're loitering the treasury. Doesn't matter you've got this fake system and we're inside a real-time experiment since 1971 richard nixon takes us off the gold standard of free floating fiat currency the average life spans 26 years for that currency we've doubled that so we're inside an experiment i don't see

any other way to describe it and these kind of policy wonky policy people that were you know tools uh for the world economic forum and davos and and the u.n of course they're going to come up with like crazy numbers i mean remember this was they were touting the green new deal and aoc said this is our world war ii remember that this was something that she said this is our world war ii what does that even mean um you know that's when we had a different times you know debt to gdp has come close to what we have now and then it would dissipate and go back and it's usually around 30 40 percent that's like 130 140 percent of uh debt to gdp ratio so none of these things are sustainable and as de-dollarization continues um those who are paying attention you you would serve yourself well uh by not buying into any like we're not going to be paying for that stuff the the the ability for the treasury of the united

states to borrow endlessly and sell those bonds and other treasuries on the open market and hold them. And I don't see that's not going to be something that continues. As a matter of fact, I think it won't be, it probably won't be a triangulated swift death for the dollar. It'd be more like a, like, you know, someone falling down the stairs. It won't be like you just jumped off a cliff. Um, that's what I think anyway, or push down the stairs. But yeah, it will be something like that. But those times aren't here now. They're just slowly starting.

You're slowly starting to see the downturn in the purchasing power of the dollar and the money velocity starts to slow. And those issues will come home uh and it will change our politics i think a lot of that stuff will be off the table it'll be about it you know something akin to the great depression where you have people you did i'm gonna have to have austerity measures and also uh be able to stop social unrest through the food programs and other things like that because it will have gotten so bad i agree yeah uh one other thing i want to ask you i just thought about uh the bitcoin thing did um did he bring up the federal reserve directly trump or did rfk jr i imagine maybe rfk jr did but did they bring up

the federal reserve they just talk about bitcoin and what they would like to do it mostly the bitcoin i'd have to go back to the transcript of RFK Jr. I know he's much more substantive and he had actual policy. I do believe he did mention the Federal Reserve. And I think that was in correlation to, and I'll see if I can get the transcript for you, what he mentioned about his uncles. He did mention his uncle JFk was skeptical of uh fed policy and uh what you know what what the fed was doing in control of the money supply and uh so on and so forth so he

did mention that um but i don't believe trump mentioned anything about the fed i mean he did mention cbdc uh i don't i think seriously david i think he was reading the speech for the first time like that when he was up there and just like he looked at it and was like oh wow silver really market cap is silver so i don't think he really he really knew anything about bitcoin uh going into that i get that impression every time i see him speaking he's reading the speech i mean he had you know one of the big issues uh in 2016 was Obamacare. And somebody had written up a great paper that was on the Trump campaign website. And I spent time talking about it.

I said, well, this is really good. If he's got people who are going to push this thing through. I know Trump hasn't mentioned it. He doesn't really care about it, if he even knows about it. But maybe his staff is going to push. Well, as soon as he got elected, that was deep-sixed. You know, memory hold off of his website. So, yeah. I i mean when i look at the policy statements of trump i'm pretty cynical that anything's going to be done but it is interesting to see as you point out

the political divide around that but i just you know i like the anonymity the physical aspect of the metals and things like that that's what I think is really important. And the more I look at the internet, the more it looks like a fiat currency. It's like fiat information now at this point. What's going on at Wise Wolf? Well, the same as always, just continuing to create a supply chain for my customers and for Wolfpack members. I'm in Texas right now. I've got some appointments with the trading floor and getting new supply the next week or so.

Really, that's what I'm watching. I think that's what's going to separate all precious metals dealers in the next two, three, five years is going to be who can get supply. As I mentioned earlier in our talk, if you look at the chart of assets in the world, this giant, you know, chart and the little, little corner in the left-hand corner is gold, silver, and Bitcoin. Um, so there's no, there's not enough, uh, real, you know, to house all the fake. And so there's going to be something that happens to all that fake. I mean, we're talking about an unprecedented amount of debt creation, currency creation. There's 52 times more currency on earth today than when I was born. all that fake i mean we're talking about an unprecedented amount debt creation currency creation there's 52 times more currency on earth today than when i was born um and that's fake

currency by the way these aren't notes backed up by anything you can't trade them in for a commodity uh they're just rapidly losing purchasing power so i'm setting up supply david and um you know we're looking to continue to grow wolf pack i will say i'll have an announcement maybe next week if you're interested in buying bitcoin wise wolf bitcoin will be operational here in the next week or two you can just go direct with me if you want to buy a coin um and we're setting that up there's a whole bunch of things i gotta hoops i gotta jump through i used to be in the Bitcoin ATM business, and we sold that a couple years ago because of the regulation. It's gotten crazy.

But I decided I'm going to bring that back to Wise Wolf. As a matter of fact, within the next week, we should be able to accept Bitcoin for one-time purchases, and I'm not going to charge a fee. So if you've got Bitcoin and you want to buy precious metal, we'll be the only gold and silver broker that I know that does not charge a fee wow and to to use your bitcoin so we'll make it really convenient for people to be able to use their btc that's that's what's new and uh i don't have it all in place yet but i'm working on it so i should be able to

make an announcement here in the next week or two wow be a great way to get physical yeah you know when um when you look at i just thinking about uh you know, think and as he's talking about how focused he is on ETFs and I spent time last couple of days talking about how JP Morgan had used the ETFs for silver and for gold to manipulate on behalf of the government and i'm sure that's what fink is looking at you know how can i how can i manipulate bitcoin well i can use an etf and i can do the same thing that jp morgan has been doing with gold and silver i can do that with bitcoin i really do think that's where he said it but yeah it's it's important to um to go direct you know get your bitcoin direct get your silver and gold direct, uh, hold it, get it outside of the virtual world. That is that infrastructure, that whole infrastructure is getting so shaky, uh, from our power infrastructure to cybersecurity issues that we see over and over again, as you mentioned

before. Well, thank you for joining us, Tony. I really do appreciate you coming on. Thank you for your support for the program and folks. If you want to find out more, you can get to Tony's Wise Wolf. You can do that with DavidKnight.Gold. Let him know that you came through us. Appreciate it, Tony. Thank you very much. Appreciate you, sir. Thank you.

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