The David Knight Show - INTERVIEW De-Dollarization, BRICS — and Silver

Episode Date: August 17, 2023

We're just days away from BRICS conference. Will they introduce a new gold-backed currency? Whether they do or not, its clear that the world, INCLUDING BIDEN ADVISORS, want to move away from the dollar (for Biden as apart of move to CBDC) Tony Arterburn, DavidKnight.gold, joinsMoney is only what YOU hold: 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: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7aFor 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. Joining us now is Tony Ardaban of Wise Wolf Gold. And of course, you can also find Wise Wolf if you go to davidknight.gold, which Tony has set up. That'll take you to his website. Let him know that you came through us. But I want to get Tony on today to talk about what is coming up. He's mentioned it in the past several times that next week we're going to have the big bricks conference.

And everybody's talking about whether or not they're going to introduce some kind of a currency. But either way, I think it's going to be very important, isn't it? Whether they do or not. I do. I think it's going to be an important milestone on the way to de-dollarization. And I sent you an article yesterday from Robert Kiyosaki talking about how they're going to announce a digital gold-backed currency. And there's some dispute here because you get spokespeople from the BRICS saying, no, no, no, we just want to talk about

regional currencies and we want to get away from the dollar. That's obvious. That's their stated goal. But I don't know that there's going to be some earth-shattering announcement here but i think the momentum is on the side of the bricks i mean again 40 of the world's population just brazil russia india china south africa alone and they're adding saudi arabia which is huge mexico uh japan has has look is looking to join so these are again these are just the things that are adding up to dethrone King Dollar. And it's going to have massive implications on the U.S. economy. And, of course, one of the reasons that Robert Kiyosawa is saying that and other people are saying that was because the Russian embassy said that. So we're going to have a gold-backed BRICS currency.

But then a few weeks after that, you had South Africa, which is the S in the BRICS. BRICS was Brazil, Russia, India, China, and South Africa. So the South African government spokesperson said, no, it's not going to be a gold-backed currency. We're not going to do a BRICS currency. But this is a way for us to settle things on a local level. And we just had this last week, this happening yet again, an agreement between the UAE, the United Arab Emirates, and India, so they could settle their petroleum transactions not using the petrodollar, but using India's currency. And this is what's going to really multiply with this.

And that's why, as you pointed out, so many people are trying to join BRICS now. That's right. What is it, 40, 70? I don't remember what the number was. All these different countries applying to join BRICS now. That's right. 40, was it 40, 70? I don't remember what the number was. All these different countries applying to join BRICS. It used to be just five of them, and now they've got several dozen. Well, you didn't hear much about BRICS two or three years ago. I mean, it would show up.

I mean, if you're a gold bug like me, you would see it, but not in the mainstream, and now it's everywhere. You look at something Joee biden did david and uh look at the announcement he he made to saudi arabia said we're going green and we're supposed to be the petrodollar yeah um again this is why you know what was it the uh liquid natural gas exchange that uh that china did on the shanghai exchange the first one to use the yuan this is about four or five months ago again the the trading in dollars is slowing down and i'm not an economist i'm not a scientist or anything but it i i know that there's something called money velocity it's the amount of

currency units in circulation you know minus demand again, the demand is shrinking and it's not shrinking catastrophically. Well, I mean, if you count, you know, 2021, 56% of all the world's financial transactions went on in dollars. 2022 is 46%. It's pretty bad. And I think it's shrinking still. So what we're looking at, David, I think is a long road to de-dollarization. It's giving people, I think there's a blessing here, giving people time to prepare. But we're not going to remain the world's reserve currency for much longer. And I sent you an article yesterday from Kitco. And it was an interview with Annie Sheckman from Miles Franklin. And I think he thinks a lot like we do.

He's noted that there's an economic advisor. I think the chairman of the Economic Advisory Board for Joe Biden has written op-eds about why we should not be the world's reserve currency, why we should have the dollar should be dethroned from King Dollar. And again, you wonder, why would they do that? Well, Andy points out, and I think that's pretty apt in what we've been talking about for years now, is they want to bring in the central bank digital currency. It's easier to do if you've got an economic crisis. If you're not having to facilitate those dollar units and trade all around the world, it makes it a lot easier for them to do. So again, I think some of the elite

are rooting for this. Maybe some are, maybe there's different factions. I know that we've talked about many times how the Federal Reserve has raised rates in spite of that hurting the US economy. And the only thing I could take away from that is they want it to remain strong as far as purchasing power in the world. That's how you keep a strong dollars by raising interest rates the headline on drudge today is like uh housing interest rates mortgage rates to eight percent yeah uh that's in direct correlation to what the fed's doing so i think there's there's multiple things going on here but one thing's for certain uh the dollar is not looking good long term and of course you know they've already illustrated over and over again

how they are willing to destroy our lives in order to preserve their power. That's what the Federal Reserve is going to do to preserve their dollar as much as they can. That's why they're talking about 8% interest on home mortgage loans. The first home loan we had when we got married in 1980 and moved to Texas, interest rates were sky high there. They, they kept going up even after we got our interest rate, but our first interest rate was 13% fixed. Uh, that was disastrous. Um, yeah, well then, you know, if you moved to, well, my dad was building houses, uh, back in 1980 and I always hear the stories about how hot it was.

Cause that was the year that they still haven't broken the record yet. They were, despite all the global warming and the global boiling or whatever they have now going on there was uh i talked when i was on with guard about this they had what was it 52 days straight of 100 plus temperatures in 1980 so that you you're a veteran of that oh yeah i know that's why i don't believe this stuff i've seen these people lying and i've seen temperatures all over the place for the last 50, 60 years. So, yeah, it is. It's pretty crazy. But, you know, the temperatures are high.

So were the interest rates. Right. So, you know, the temperatures didn't get any higher yet, but the interest rates did go up higher. And then you had this massive crash in Houston because at that point in time, the rest of the country was really suffering economically because of massive inflation. But things were booming in Houston. You know, your dad's there building stuff because of the oil industry and other things like that. And then when the rest of the country started to recover, Houston went into a big crash. You couldn't get rid of a house.

You were stuck with that stuff. And so it was a really horrible situation. And they're willing to do that again to us in order to preserve their power. You were stuck with that stuff. And so it was a really horrible situation. And they're willing to do that again to us in order to preserve their power. You were talking about these economic advisors. He's got a couple of economic advisors. This Kitco article talks about it. His op-ed piece back in 2014, we need to dethrone the king dollar. And, uh, so, uh, they want to get rid of the dollar. And then the other economic advisor wants to push in CBDC. And, uh, they, they see that these are two of his, uh, key economic advisors. And it's interesting. This article doesn't even talk about the fact that

that's when Biden put out his order last March, he said, well, we've got to redesign the financial systems, first thing he said. Then we've got to find out how we're going to enforce it. Then we've got to write the code. And then the fourth thing is how we're going to sell it to people and tell them it's to protect the world from climate change. But they're looking at redesigning the entire financial system. That was their number one objective in all of that yes and what's confusing about all this to anybody who's studied history and looked at geopolitics and foreign policy is that the current ruling regime is not making moves to make the United States stronger even if you're

even if you're uh misguided on your your philosophies they're not doing that uh they're doing everything they can to I think bring about some kind of controlled demolition yeah and if you're in the know you're going to profit but it looks like all of this is is geared towards uh bringing us to the point where people accept a central bank digital currency they're not trying to really save the dollar they're not they're not doing anything economically to prop us back up. They're not bringing jobs back. They're not stopping. There's no inroads to peace in Ukraine or Taiwan or anything. This would be more tension and more economic disastrous news for the dollar. That's right. And the guy who did this article, that's the way he ends it. He says,

does anybody want to give up their privacy? Does anybody want to go into this control system of CBDC? No. He said there's going to be some kind of event. As you pointed out, some kind of a controlled demolition. You'll watch this stuff just go into free fall, just like the inside job of 9-11. And then they're going to have something that they're going to offer you, just as they started putting us into this police state, the surveillance state, this Homeland Security, TSA stuff right after that was already planned. And, you know, we've

seen the second shoe of that to drop with all this pandemic stuff. So they've got their plans that are there. And the good news is, is that there's some things that we can do even on an individual level to isolate ourselves somewhat from this if we understand this is what's coming and that's the gold and silver stuff and of course silver is looking uh uh it's just amazing what the multiples are about that isn't it well you know we just talked about 1980 that's interesting because that's the highest silver's ever been it went to 50 an ounce because of the hunt brothers they drove uh the silver market up they tried to corner the silver market i think that they were silver has ever been. It went to $50 an ounce because of the Hunt brothers. They drove the silver market up. They tried to corner the silver market. I think that they were somewhat taken out.

I think that the powers that be saw what happened to gold and silver during the 70s. And by the way, that's why your mortgage rates were high when you bought your first home in 1980, because Paul Volcker, who was head of the Federal Reserve had to raise interest rates to the teens to quell inflate we had a runaway inflation in the 1970s people didn't really know what was happening because we never had that before we always had a dollar as good as gold I mean even even when you couldn't own gold it was theoretically uh pegged to gold you know Franklin Roosevelt uh took your your gold 20 gold pieces which is basically an ounce of gold gave you twenty dollars and then raised uh the price of gold to 35 dollars an ounce and that's where it was from you know 1944 at bretton woods until nixon took us off the

gold standard so there's been a correlation there between uh interest rates and inflation. And at the same time, you had silver being riven up by the Hunt brothers up until 1980, $50 an ounce in 1980, David. That's like, I don't know. I mean, I'm just estimating $200 in purchasing power today, maybe more. But we have cheap silver. The gold silver ratio is skewed. It's never been like 83 or 84 ounces of silver to make one ounce of gold. It's always been 10 to 16 to 20. It's never been like this. I think this is just part of the fake market that we have, the paper trading, the bullion houses, and I think the collusion between central banks and those who hold the most silver, like you look at JP Morgan, they're the largest, I think, private holder of silver in the world. They have a vested interest in keeping silver low, do they not?

Because they need to continue to acquire physical silver. Silver is used in, it's the most thermoconductive metal. It's used in solar, used in electric, used in medicine. It's an industrial metal. And again, only 24% of the output for silver is from silver mines. The rest of it is just accidents. Like people, it's entities finding silver in gold mines or zinc mines or copper mines. So there's not enough supply to meet the demand for

silver and that's why you hear things like it's going to take a kilogram or more of silver for each electric car i'm not a fan of electric cars but you have you know new government mandated uh electric vehicle laws and then you've got um i just found out i bought the last of the dodge challengers because they weren't going to make anymore. I mean, and it's such a sign of the times, you know, it's like, oh, we're going to make it electric. I'm like, oh, so it's not going to be good at all. It's just going to be this. I'm driving a golf cart. I'm not really, I'm not really into that. So no, I think silver's got a huge upside, David. I sent you that article yesterday and we're not, you know, we don't,

you know, I don't give investment advice and I don't even think of gold and silver as investments. But I think their true value has not been, it's really, it's really not showing right now. You've got gold dip below 1900. And that's silly. Knowing where, you know, I was hosting your show when it broke its all-time high and breaking into the 2060 range back in August of 2020. How much damage has been done to the dollar since then? I mean, massive damage. So we know the purchasing power of the dollar is waning.

And gold and silver are, they are a function of housing energy and work. They're a representation of that. The dollar is not. And just remember the rich rarely hoard cash. They almost never do. There's a reason of that. The dollar is not. Yeah. And just remember the rich rarely hoard cash. They almost never do. There's a reason for that. Yeah. Yeah.

If you go back to 1980 and you look at various benchmarks, salaries in the field where I worked, you know, they're like three and a half to four times higher. Price of houses are about five times higher. The median price of houses is about, you know, four or five times higher. The medium price of houses is about four or five times higher. So yeah, truly, I think your figure of $200 silver is conservative, especially considering the fact that we're not in the 1980s looking at the big industrial uses that you talked about with EVs and other things like that. And Kurosawa, as he's talking about it, he says, you know, gold and silver, he's, you know, doom and gloom. He thinks this is going to really, uh, collapse, but, uh, he was especially talking about silver. And then of course, also a Bitcoin.

He's got big projections for what's going to happen with a Bitcoin, but he's not the only one. I saw this article from, um, uh, this is, uh, from, um, seeking alpha a hundred dollar per ounce of silver as well possible and you know that would again if you go back and you look at uh what uh silver was in the 1980s and there were other things that were happening to distort stuff at that point in time but yeah that is um still pretty conservative based on uh historical prices isn't it right you've got fifty50 in 1980. Then you had again, it reached nearly $50 in 2011. And then Ben Bernanke came out and said that, don't worry, we won't do TARP again. That was a mistake. We won't bail out the too big to gold and silver in times of fear especially there was an article by simon black the sovereign man and on zero hedge today it was like uh i'm rooting

for gold to zero he said uh but that's not going to happen and the reason that you root for gold to zero is because gold is where you go in times of uncertainty. So it'd be okay with them if things were just great, but they're not going to be. You know, you're talking about, it's not gonna be good because you've got the rise of socialism, the rise of kinetic warfare, psychological warfare, the rise of CBDC, you know,

the totalitarian push from the top. And I think I'm with him. Physical metals, and that's where I would go first. Robert Kiyosaki is somebody that I've listened to for many, many, many years. I've learned a lot from him. He's been talking about Bitcoin.

I mean, I read about him talking about Bitcoin in 2014. I bought my first Bitcoin ATM in 2016. I think Bitcoin was like 300 and some odd dollars. I remember buying them to stock my ATMs. I should have just bought Bitcoin. But I happen to agree with him first on the physical metal side. Never buy paper.

You want it in your hand. You want to be able to physically hold it because you don't want any counterparty risk. And there's going to be there's a huge disparity ladies and gentlemen between the paper price and the physical price that's got a dealer I deal in the real world if you want an ounce of silver I have to source it I have to find it and there's a premium on that it's not because I made it it's because that's what the it's the economics of it yeah um same thing for for cryptocurrency. People, again, they've been led to believe that cryptocurrency is basically a central bank digital currency. No, no, no. Cryptocurrency is about you holding the keys.

It's about you having your own wallet. It's about you being able to control that, not tied to an exchange. And the waters get pretty muddy here. So I'm not advocating across the board crypto uh I do think it's an option I do like Bitcoin uh and I'm pretty bullish on Bitcoin I think that there's there's still a lot of room for adoption and it's one of the you know he talks about in that article I sent you that gold silver Bitcoin in that order um I agree with that um and you know again you don't have to hold bitcoin but i think it's

something that is going to play a role here in the future and we're just we're just getting warmed up this is uh this is going to be a strange time when you see the the loss of the of the dollars the world's reserve currency david yeah yeah and what you were saying about uh paper gold and paper silver uh i i experienced that when i had uh uh, put my, um, my IRA in that. And, uh, I saw gold and silver going up and it was just going horizontal. It's like, what's going on? Why aren't these things moving? Uh, and then I started looking at it. It's like, oh, oh, okay. It's just an ETF and they don't have to have anything there to back this up. That's, that's why it's doing its own thing. And it's, it's detached from the actual spot prices of the physical metal.

That was a real tell. So anyway, got out of that stuff. But it is kind of interesting. There was also, Tony, an interview with a congressional budget office's director on CNBC's Squawk Box. And the guy said to him, said, well, why not use the strength of the dollar? Uh, we know we can do as much as we want. We're always going to be able to borrow. So let's just really ramp it up, you know, Keynesian and let's just engender 5% GDP growth

from government spending. Damn the torpedoes. We'll worry about it later. People think you can do that. It's called MMT. So the congressional budget office director Office Director, who unfortunately doesn't set policy, but they kind of look at what the Congress is doing, he says, yeah, I think we've seen the downsides of that over the last few years. But that's really what has been happening,

and that's one of the reasons why we're going to feel the shock of this move away from the dollar as reserve currency. And that is going to happen even regardless of what happens this next week with BRICS, regardless of whether there is ever a BRICS currency next week or after that, everybody's moving away from it. And that's what we're going to feel in this country is that kind of that loss of being able to detach ourselves from physical reality. I think gravity is going to come roaring back on the U.S. politicians in Washington, don't you think? Well, you talk about psychedelics.

You'd have to have some strong psychedelics. I don't know where these people went to school, but they must have had a library devoid of history. You don't have any fiat currency that's ever lasted through history not not one you started with the chinese it went to the greeks and the romans and all throughout history whoever's adopted a fiat paper currency it goes to zero i mean the philosopher voltaire said that about paper currency it always returns to its natural state and value which is zero um that's where that i don't know that we're headed to zero david i've always said we're headed to digital uh i there's there's too there's too much evidence to point to the fact that

they're doing it on purpose i mean you you could see this coming a mile away you think so yeah um i just i just want to caution everyone that uh that you would want to look out for the aftermath of the dollar losing its world reserve currency status. It's going to mean higher consequences for purchasing power. The economics of the United States is going to be under pressure for that. And so be prepared. We've set up DavidKnight.Gold. You can get physical precious metals. we don't have a minimum you can go there anytime send us an email or a text day or night we'll get back to you we can roll over 401ks IRAs very easy into physical

precious metals and we've also set up Wolf Pack which again David Knight dot Gold click on the link says join Wolf Pack if you think you can't afford precious metals you can we set up the lone wolf package fifty dollars a month as the lowest tier we also have a wolf cub which is for kids it's thirty five dollars a month we've been putting you know explanations of coins and different types of fractionals in there this is a learning tool so yeah we've got all the options available out of the dollar. And I'm not, this isn't, it's not an investment advice. It's protection advice. Get out of the dollar, uh, get physical precious metals in your hand. It's a way to set up the parallel economy

and, uh, you'll be empowered by it. That's the key thing. We know that CBDC is coming and we know that many of the downside risk, we don't know the financial risk and how they're going to play out with this loss of the petrodollar. The loss of the dollar is a reserve. But the key thing is, and, you know, we were talking about paper before. One of the reasons that people will get into paper silver and paper gold is because they can get into it in small amounts and do it incrementally and things like that. But, you know, they can get physical goal with the program that you set up. They can do it on a regular basis and buy into it in very small amounts, and you will sell people whatever they want, big or small,

even outside of the Wolfpack program. And so you've got a way that you can gradually do this without noticing it, a way that you can get into it at any level that you want. So there's really not any upside to the paper stuff that is really kind of divorced from the reality of it. And it's something that you get to hold yourself. That's the key thing. You know, it's real money and it's real money that you hold yourself.

And that's the key thing. Thank you so much for joining us, Tony. And it's always good to talk to you. And it's always good for people to have something that they can do to prepare. And if you want to prepare for a financial unrest and risk and not just that, but also the surveillance and the control that they're trying to prepare for us, the key thing to pay attention to is gold and silver and perhaps to a Bitcoin as well. I'm just not comfortable with that myself, but that's why I like the physical stuff.

It's real simple for somebody that is starting to get disaffected from technology. Thank you so much for being on Tony. Again, a wise wolf dot gold, and people can find that with David Knight dot gold. We're going to take a quick break and we will be right back with our guest who is going to talk to us about artificial intelligence and how that is impacting. And also about inflation, how that is impacting wages and causing strikes in many different industries. We'll be right back. Stay with us. The Common Man. They created Common Core to dumb down our children.

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