The David Knight Show - INTERVIEW Bank Failures & Inflation Rises

Episode Date: October 5, 2023

New central bank TARGET for inflation is TWICE what it was and nearly a thousand banks are on death watch.Tony Arterburn, DavidKnight.gold, joins to talk about what's happening with economy and hard money.Find 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: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 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.

All right, welcome back. And joining us now is Tony Arterburn of Wise Wolf Gold. Of course, he's kindly set up DavidKnight.Gold to direct you there and to let him know that you're coming from this program. Good to have you, Tony. Welcome. Good to see you, David. Thanks for having me.

I think SPF's dog, maybe the password is audit. Perhaps he lost the keys to his own dog like people lose their keys to their bitcoin wall i know isn't that funny uh that that is the how many people we've seen lost the keys to uh something that is worth millions of dollars and they can't find it anywhere or they threw away the disk drive that had all the stuff you know that that type of thing um and of of course, this is a real-world consequence. Audit sounds kind of German, doesn't it? Or maybe it's just the association with the IRS

and these neo-Nazis or whatever. That's a double N word, I guess, the neo-Nazis. But I guess that's why I associate it with something German. I don't know. But, yeah, tell us what is on your mind. As we were talking in the break, you said there's a lot of banks that have been put on a death watch. Tell us a little bit about that. Yeah, I was looking at a tweet from Robert Kiyosaki from back on the 1st of October, and I wanted to read it.

I was about to retweet it on the Wise Wolf Gold Twitter account, but I was going over this morning. It says the FDIC has over 725 U.S. banks on a death watch list. It says, what does that mean? It means America does not need enemies. America has bankers. Our criminal bankers start with Jerome Powell of the Fed, Janet Yellen of the Treasury, and Jamie Demon of our banks. God help us. USA does not need criminals. We hire them as our bankers. So said Robert Kiyosaki on his Twitter account. This is, I think, the biggest story of our time, David, is going to be the collapse of

this financial system, this fake financial system that really has accelerated since 1971, since Richard Nixon took us off the gold standard. And I wanted to talk with you a little bit today about, you opened up and you're talking about Sam Bankman Fry, but the crypto, there's been so much movement there and so many things going on with Bitcoin and crypto, and it's global. We see Bank ofica has launched its own crypto uh we've talked about cbdc all of that the private sector and the decentralized market is a response to the collapsing fiat system this is all going on at the same time and i mean we're watching gold we're watching central banks uh buying gold at record pace uh shift gold put out an article today on

zero hedge so there's there's so much happening all at once you know and the powers that be are buying gold at record pace. Shift Gold put out an article today on Zero Hedge. So there's so much happening all at once, and the powers that be are trying to capture that momentum by creating CBDC. Honestly, David, I'm watching this, and I'm wondering if they can. I wonder if it's gotten out of control at this point. Yeah, yeah. Who knows?

It is amazing how many different times I have seen these articles, and we talked about this before you and I, costco selling gold and being sold out and everything you know this is not about central banks collecting gold anymore this is about the public starting to realize what's going on here and they've got a new inflation floor uh they're saying um the um this is a mark spiegel of stanfield capital says the new inflation floor is going to be three to 4%. They're not even trying to get back to the magic standard has always been, let's get

inflation down to 2%. You know, they want to inflate, they want to have inflation, but they don't want it to be any higher than 2%. Now they've just doubled that goal, uh, which tells you that, uh, there's something else going on. And of course you're seeing, um, people going on. And, of course, you're seeing people going through Costco and other places showing snapshots that they took a few months ago or a year ago of what prices are

and how things are not up just a few percent. There may be double or triple of what they were. Well, the UN put out a notice asking governments to stop the 2% goal of inflation because it's hurting the economies by not being more inflationary. And wait a minute. I thought this was supposed to be transitory.

I thought that's what Jerome Powell said. This was all transitory. And Janet Yellen used that word transitory, that this wasn't going to be an issue after they printed 80% of all the dollars ever created. Everything about the financial markets worldwide is uh fiat it's fake it's built into the system and it's unsustainable i mean we're talking about trillions upon trillions upon trillions none of this is going to be able to be reeled in and uh as we start to see in the market in the u.s is schizophrenic as we've talked about every week on

your show. We're watching the price of gold go down at the same time. A lot of the traders are saying, well, we're fearful of the future. Well, why aren't you buying gold? But they're saying, well, it's because the Fed has raised rates. And of course, they have raised rates faster than any time in history. We don't have interest rates to the teens yet. But they're believing that, and that's why I think you're seeing the numbers in precious metals. They're believing in the supremacy of King dollar. Um, I think that's very short sighted and I don't think they understand, uh, what has happened to the system.

This itself is, is on the end decline. And I think that's what we're watching here. Yeah. You know, it's a, we, we went back and re rewatched recently the big short, and it was that same author who was doing the biography of SBF. And the common thing, as I was looking at it this time, I was thinking, you know, they came up with these financial derivatives that they had, securitized mortgages and everything. We just mix it all together, put it in a blender, and you get this whole slush fund thing, essentially. But they've always got a different angle, and everybody always thinks that it's something that is different. And yet, there is a fundamental similarity there. History doesn't repeat itself, but it rhymes. And this financial history rhymes.

They come up with these new schemes that are out there but the fundamental thing is you got to look at it and say is this real or not and you got to get back to what is real and that was the thing about the the two characters the central characters in his book there's a couple of them that that saw that you know this whole securitized mortgage thing was going to go really bad and that it was not real at all. And they saw that this was, you know, whatever you make the financial instrument, the thing that remains is that it is some way for them to remove you from reality. And you've got to get back to something that is sound and that is real. And I think there's nothing that's more sound and more real than physical

gold. That's the key thing. And, you know, you can't, when you try to evaluate all these different games and tricks that they play, they're always going to have a different game and different tricks. But again, your question always has to be, is this something that is solid and is it real? Yeah, the term hard money, it comes from the actual hardness of the asset and how hard it is to produce. Every time when you talk about the subprime mortgage market or just credit itself, after 1971, every time that you create a loan, when you create a mortgage, that's new currency that's being created into the system. So if you have this bonanza, this market that's looking at something like the mid-2000s, where they have low interest rates and the government is creating the environment to say, no, you have to write these loans. And you can get the ninja loans, the no income, no job loans. And just, again, over and over, these subprimes built into this giant bubble, that is built to crash whereas something that is backed by gold we have a

currency system that has to have checks and balances that's where you can have a safe environment there's there's a there's an economy that you can build something on you can have savings all of that's been taken away from us so we're in this free fall where you know the rich get richer and the poor get poor because of that system. That's why the elites built the Federal Reserve. That's right. And again, the money supply is the issue. You go back to 1913, you have a dollar as good as gold. Again, a $20 gold piece is roughly an ounce of gold.

By 1933, because the Federal Reserve had taken control of the money supply, which is really the banksters that took control of it. They crashed the system. You know, they had people were borrowing funds. They had liquidity to borrow against stocks and then margin call happened. So, you know, you have the Great Depression and FDR made it illegal for you to own gold so they could get the gold out of the hands of the American people. He said, turn your gold in. And people did. And all of that gold, David, went to the Bank of International Settlements those 20 gold pieces were turned in all those gold coins uh franklin roosevelt raised the price of gold to 35 dollars an ounce so they got the gold and they got the higher prices and they were able to offset whatever their losses were that they caused in the great depression so it's an ins it's a club and you ain't in it that's right

you're not going to win this game so you got to look and see what the elites do and what the banksters do and not what they say they want you in their fiat system and i was reading an article yesterday and i didn't even know this uh just a little bit of history but it was on uh zero hedge by the international man and they were talking about in the 19th century aluminum was very sought after it's very rare it doesn't occur naturally that often and uh now we just think of it's ubiquitous it's like 20 cents a pound or whatever it is because we have the ability through chemistry to make it in mass but back then i mean napoleon had uh his utensils that when you go to his parties people the the poor staff ate off the gold and

the silver and the rich had the aluminum, which is funny to us now, but it was so much more expensive. And by the industrial revolution, it just the price cratered, but people were getting their hands on aluminum. And so what the article was saying was if something is rare, something cannot be reproduced easily, it becomes an asset and again it's a another example of hard asset well gold has stayed steady i mean we see what's happened to aluminum gold and silver have stayed steady especially gold uh you know silver i think

is manipulated beyond the point where i can even explain it and we've talked about this many times where you know even the the paper price uh you look and it's estimated that for every ounce of silver that they sell in paper, 240 times, one ounce exists in the real world. We don't really know what they're doing. But I look at these prices right now are just absolutely ridiculous. And I think it has to do with the schizophrenia in the financial system. And we really haven't reached a point where reality is rearing its ugly head. But I think that that day is coming. Look at this tweet by Robert Kiyosaki. I mean, the damage done, and again, inside job, controlled demolition, FTX, Silvergate Bank, Silicon Valley Bank, and all the regional pressure that was put on. We're watching, David, I think the auditioning of the major banks to roll out the central bank digital currency.

It's going to come after a crisis. Oh, yeah. That's a long way of saying you need to look at what value is in the future, not your dollar. And that's true. How come you've got so many banks that are on the death watch list now? Well, it's because they manipulated them. With what? With their bonds and their treasury bonds and everything.

Rapidly changing the rates on these things to, you know, make those bonds worthless and they couldn't adjust their position quickly enough. So, you know, now people are saying, hey, bonds are really good investments. Like, seriously? It was only just a few months ago that we saw that as the weapon to destroy these banks. You know, when you've got something it's like a manufactured collectible or something you know uh yeah everybody go get the beanie babies because their value is only going to go up and it's like you're kidding me right they're just making this

stuff up all the time and uh it's not anything that's going to have any lasting value we see 725 of them on the watch list and you know you know, as I mentioned earlier in this court case that went before the Supreme Court about the Consumer Protection Financial Board or whatever, that was put in place supposedly to protect consumers and put in a lot of new rules about how they could do mortgages, right? And that was what was driving these banks out of business at the rate of a couple hundred a year and drudge doesn't report on that again you know but again that was a couple hundred a year now we're looking at 725 based on the actions of the Federal Reserve and their rate manipulation in just this last year and the the ridiculous

commentary from mainstream media was it was vox who said oh yeah we don't want to get rid of the consumer financial consumer protection financial board and all the banking industry is telling us they don't want to get rid of it because those are the guys the big guys who have profited from these rules they made it impossible for small and medium-sized banks to do home loans anymore and that put a lot of them out of business and they want to keep that thing going uh but that's the insider game. And when we talk about silver and the paper silver and paper gold, I mean, that is essentially the same game that they were playing with securitized mortgages. What do you really have here? Well, do you really have a valuable mortgage here? Is

there anything of any value here? No, we just put this all together, and then you can buy shares in it. And that's what they're doing with the silver and gold, and they're doing it in Shanghai, China. You want to get yourself Shanghai, you know, buy into the paper gold and the paper silver shares. It's easy to buy into them. You know, you just go on into the stock market, and they'll sell you this stuff.

But does it have any real value? I don't think it does. I think that this is another scam, just like the securitized mortgages. It's funny when history, when governments pick up on that before long before the people do. And you look at what happened in the 1960s after the assassination and murder of John F. Kennedy by the deep state, we took the silver out of our coin, something JFK didn't want to do. He actually signed an executive order on silver and had printed $5 bills and notes direct from the treasury, the only president since Lincoln to do that. Well, you look at the

debasement of the currency that happened post-1964, the governments around the world started to take notice because we were technically on a gold standard. We had the Bretton Woods Agreement in 1944. Gold was $35 an ounce, and these countries would come over and take their notes that they collected in U.S. dollars and go to the gold window. Well, after we started debasing our currency, countries took notice. As a matter of fact, the president of France, de Gaulle, he sent warships over from France to pick up up his gold um and again i think they started to understand that so there's a there's a hint here that uh you know when you start debasing things and especially since we've

done this with the massive amount of printing historical it's you know we don't these numbers you can't even fathom them that we we del into post 2020. And that's why I think everything that's based off dollars right now is really askew and it doesn't make any sense. And this may be a time when they're accumulating. You really just don't know, but these numbers aren't reflecting reality. I mean, the price of gold broke its all-time high in August of 2020, David, as you know. And what's happened since then then we've had a massive uh debasement of our currency since then and and uh even the the amount of of dollars used in financial transactions has dropped close to 15 percent globally since that time i mean again

unprecedented so i don't think i don't think the the financial elites and the the mainstream media they're never going to talk about this until it's too late. And from what I'm seeing, these stress tests and other things, you have talking about the banks going out of business, and we're talking about bonds and other things, the countries that are dumping us rapidly and it's happening, even going into gold or going to the Chinese yuan, this is historic and it's happening rapidly oh yeah and and you know in an article where they're talking about how the use of the euro has really collapsed in the last nine months again because of this ukraine stuff their economy is on the ropes

and uh and they point out that um the share of transactions in the Euro has dropped from 38% in January to 23% at the end of August. And they said, what is unusual about all this is the fact that it hasn't happened to the U.S. yet. That is, right now it's just in the Eurozone economy. But, you know, they continue to be able to suspend reality with their manipulations. And the question is, you know, how long can they play this con game? That's another thing I noticed from the the big short you know these guys are going around and and saying you know look uh this is what's being done and this is totally criminal and there's absolutely no value here and they're going to the regulators and they're going to the the people who do the uh

the rating of the of the bonds and the ratings of the investments and stuff like that. And they said, yeah, okay, well, so what? I'm not going to do anything about it. And this one character is like, I just can't believe the system is this corrupt. I mean, he just could not get his head around the fact that these people are knowingly doing this. But, you know, that's where we are right now. There's many of us who understand that. And that's really what is happening. But in spite of all that, uh, there's a zero hedge article talking about how gold is held up extremely well in September, even against rising real rates, even as the home mortgages

are starting to go up to 8% and everybody is talking, Oh, now you need to get into bonds and things like that. No, actually gold is holding us on. Yeah. And it's, it, it always will. I mean, again, there's the, there's the the charts if you look at the actual supply of gold I mean right now you know the the annual supply is is not um well it's not in flux there's not a lot of volume based off of what's happened in history most of the gold right

now has already been mined and then it's come from centuries and centuries of mining so this isn't something that you can't just go and and and create a new stock of gold they're not going to hit some mother load anymore this is not going to happen this is any new exploration any new mining is very well crafted very well planned it takes years it takes lots of work so you just can't create it out of thin air and again that's why governments are accumulating it well Well, and, and as we look at, uh, you know, this, this mess in the civil war and the house GOP, uh, and I was looking at that, somebody came up with about a 10 or 12, uh, possible candidates. You know, you've already had a Jim Jordan throw his hat in the

ring and Steve's police officially. There's other people they think may run like the house whip Tom Emmer. I thought, well, that'd be interesting. Uh, I don't know anything about most of these guys i learned yesterday that mchenry who was um you know the secret um uh speaker pro tem you know they don't tell people who it is until the speaker is taken away for some reason then that's like you know well let's open up the sealed letter and find out who the replacement is so the temporary replacement mchenry somebody who's been involved with the World Economic Forum,

speaking there many times, just like McCarthy as well. But when you look at Emmer, I don't know his background except for the fact that he has, for several years running, it's been a big issue for him to oppose this CBDC thing. And to me, when we talk about all the different things happening and the economic uncertainty, inflation rearing its head and all the rest of this stuff and getting something that is real physical money, to me, it still goes back to the CBDC thing.

One of the reasons why I don't think that Emerald would get it because I think the powers that be would want to keep somebody away from the House speakership who is that um uh that strongly in opposition to cbdc because that is a big push uh for both trump and for biden and for the establishment to get that through uh but i think that is the key thing is what is going to happen with a cbdc that's always what i look at in terms of the gold stuff yeah and it's going to be interesting because economic pressure is really where the rubber meets the road in politics. It goes back to the economy, stupid, but that's really what it comes down to. Right now, we're still floating.

There's a lot of, I mean, psychological, but the economy, despite what Robert Reich and Paul Krugman say, the economy is not doing well. I know that because I have almost inverted my business where I'm buying more instead of selling. And that's fine because we're here. That's what we do. We're a professional gold and silver exchange. But I can tell people are raising money. And I know people that are experiencing harder economic conditions and having a harder time getting liquidity. And some sectors are really hurting, especially lending.

So it's not good. And when you have a financial system that's on the ropes like ours, and when we reach some sort of calamity, candidates like Robert F. Kennedy Jr. are going to be a lot more attractive. And he's talked about the ability to hold Bitcoin, being sovereign and having your own keys and your own wallet. That's good. And I think people are going to start turning to gold. to hold Bitcoin, being sovereign and having your own keys and your own wallet, that's good. And I think people are going to start turning to gold. I mean, look, you talked about the Costco story and you can't find gold there. Well, you can get gold from me. You can lock in trade, you can get gold from me anytime. If the trading floor is open, I'll lock it in for you. But people, I think, and again, this is the beginning of the end result of what's called Gresham's Law. And Gresham's Law is when bad money enters a system, good money goes into hiding.

And that goes into hiding until the system is complete, when it runs out of everything. It's, you know, again, Richard Nixon took us off the gold standard in 71. You got to know this history because that's when our money became completely fake. And then other countries all over the world started to follow. So it's a complete worldwide financial fake system. And they just print. It's Keynesian. You know, I think even Nixon said, we're all Keynesians now.

Well, good luck with that. You know, John Maynard Keynes said that gold was a barbarous relic. Well, okay, then I guess I guess I guess I'm a barbarian because I like value and I don't want to take part in your fake fiat system, which has created so much evil around the world. So I think people need to understand there's going to be a shift in our perception of what value is, and especially even the average consumer. If you're selling out of gold at Costco, that's a tell. Yeah. Yeah. Yeah. I think Keynesian economics is a cane that people are going to lean on. That's going to pierce their hand, you know, it's great. And as you're talking about, you know, the Gresham's law as a system runs through its completion. In other words, you go through a

cycle where everybody realizes, wait a minute, this is a, this is garbage. And we're in that right now. That's what the fourth turning is really about. People realizing that, uh, Hey, you know, Congress doesn't work. Even the congressmen in Congress understand that congress understand congress doesn't work uh the federal government doesn't work none of these institutions work schools don't work uh they're weaponized against us and and and you know when people look at the financial system uh they see how it's not working and how it is also weaponized against us that is all part of a fourth turning turning, a key thing in all of them has been economics. You don't always have a war, but you always do have massive economic unrest because of these institutional things that are failing.

Tell us a little bit about what's going on at Wise Wolf, and how are you doing personally there? And with a store that's opened up now in Texas, physical presence there as well as in Arkansas. But tell us a little bit about Wise Wolf. What's going on? Well, this morning I'm in Branson, Missouri. That's right. And I'm here at this shop for the next week or so. I've got a great team up here.

And we got Denison, Texas running. It's doing well. We're just kind of one customer at a time and it's proximity to the trading floor. We did that on purpose to create a supply chain, really, David. I think all gold dealers will be defined by their ability to source product in the future. That's what I'm doing here. For your listeners, if you're listening live, we haven't announced it yet, but I did a big silver buy-in uh for 90 so all those coins i was talking about pre pre uh john f kennedy uh 1964 uh or 1963 and before uh 90 uh quarters half dollars and we have some 10 ounce silver bars and about uh i think about uh

40 000 worth so we're going to be putting that on a flash sale for all Wolfpack members. And that's going to go out probably a little bit later today. I've had it for a couple of days, but we're giving away constitutional silver for anybody who joins Wolfpack or upgrades on Wolfpack. And if they're a David Knight listener, you can go and just make sure you give David Knight credit and we'll put your name aside.

And that's going to, we're going to send you free constitutional silver. Or if you recommend somebody to join that, that's to me, Wolfpack has been put out front because the, it's the community I want to build and the, the network, the purchasing power, all that I'm able to do buy-ins. It's just, it's, it's a good, it's a good way to save. It's a good way to stack in, in kind of the face of face of dollar cost averaging and the loss of purchasing power of the dollar. Whether gold's up or down, you can just kind of set it and let us go out and source your product for you. So go to DavidKnight.gold and check out the tab that says Join Wolfpack. We have a lot going on there. Like I said, there's a flash sale going on today.

If you want to go ahead and email us or go to DavidKnight.gogold and just let us know you come from here we haven't put it out anywhere so this is the first time anybody's really hearing about it i had a david knight listener call me yesterday and i actually sold him some i said well you get to you get the first crack at it because i have it sitting over here the shelf so um with lots going on uh we definitely want to make uh gold and silver affordable uh And that's why we developed Wolfpack. So every call is important to us. Doesn't matter how much you have. So go to davidknight.gold.

We want you to be a part of our pack. Well, that's a great thing, you know, that you set this up to help people be able to exchange information with each other. And learn as well as, you know, the flash sales like you're talking about and then provide for you a means to save on a regular basis. That's the key thing for any kind of an investment program. Just doing it gradually and repetitively, and that really does accumulate. And so all those things are just indicative, I think, of the way that you view the business, Tony. You do a great job

of service for people and tony i've known him for years a great great guy trustworthy and all of that is very important uh but um you know it's um we're now starting to see that shift there that's why you're seeing the the talk about you know people can't find this stuff at retail but tony's got uh access to uh the stuff there at the trading floor and um you know he people can't find this stuff at retail, but Tony's got, uh, access to, uh, the stuff there at the trading floor. And, um, you know, he'll eventually, he can lock in that price and, and eventually get that for you. And, uh, that's the key thing. So, um, thank you so much for joining us, uh, Tony again, um, wise Wolf gold, and you can find it at David Knight dot gold.

We'll take you there and let Tony know that, um, we sent you. Thank you so much, Tony. Thank you, Dave. Appreciate appreciate it have a good day the common man they created common core to dumb down our children. They created Common Past to track and control us. Their Commons Project to make sure the commoners own nothing. And the communist future. They see the common man as 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. It's time to turn that around and expose what they want to hide. Please share the information and links you'll find at thedavidknightshow.com. Thank you for listening. Thank you for sharing. If you can't support us financially, please keep us in your prayers.