The David Knight Show - INTERVIEW De-dollarization Spreads as IMF Admits & Major US Ally Abandons Dollar

Episode Date: May 4, 2023

Tony Arterburn, WiseWolf.goldAnother 5 oil producing countries abandon dollar and move to join BRICS. Another bank failure pops up before First Republic carcass can be picked over by JP Morgan. And a major ally, dependent on US for protection moves on from the US dollar.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 through Mail: 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/silverBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

joining us now is tony arteman of wise wolf dot gold and tony has been kind enough to set up david knight dot gold which also take you there and let him know that you're coming from me but a great supporter of the show and whenever i have to go somewhere we turn to tony to to uh do the show as a guest host i absolutely trust him with the show and I trust him with everything else. It's great to have you at Tony. Thanks for coming on. Good to see you, David. Well, it's been a busy couple of days, hasn't it?

Uh, we've had, uh, yet another bank go under, uh, first Republic bank and they're picking over the bones. And as they're picking over the bones of that, we've got another, uh, bank that they're now talking about being unstable and in the face of all of this the response of powell the federal reserve is to continue raising rates as you were talking about last last week when we spoke uh he made it pretty clear in his remarks to that fake zelinski is a couple of russian uh jokesters who called him up and pretended they were zelinski and he made it pretty clear in that that he really didn't care about the economy.

He didn't care about recession. He's going to protect the dollar from going into hyperinflation. So he's going to keep raising the rates no matter what it does to the rest of us, isn't he? He's been pretty clear about that. He said months ago, he said, we don't think that we'll cause a recession and we don't think that we'll have to. So, again again they've always got that on the table they know the power that they wield as a matter of fact i looked at the headlines on drudge you talk about the banking crisis it says more than half of americans fear

for their deposits well we're halfway there all americans should fear for their deposits in this current banking system and you know you've got the too big to fail banks are going to gobble up a lot of these regional banks. And that's not good. That's not good for our financial system. It's not good for our economy. But it's coming. A lot of these unsound investments and the amount of trillions that were pumped into the economy during COVID-19 for this, those chickens are coming home to roost, David. It's not going to be pretty. Oh, yeah, absolutely. We have, again, as we look at the different banks that are circling the drain, banking stocks are plummeting for the smaller regional banks. What is happening to gold? Gold went up the last couple of days.

What is it doing today in response to this? Well, it's continuing to try to reach its all-time high i mean it's around 2067 i believe is the all-time high for gold 2067 we broke uh 2050 and some change yesterday and i think i think we're going to see that soon i mean i'm not giving a prediction for investment advice or anything i'm just i think that think that it's, it's pretty clear. I mean, if you look at the timeline of what gold has done, David, the first time gold ever broke $1,000 was in 2008. By 2011, that had reached 1900, almost 2000. That was the all time high for a while the Federal Reserve was able to come in at that time and say, look, it was Ben Bernan said we understand you know we had to bail out these banks and tarp funds and everything else we understand that people are very concerned that there's going to be inflation and the devaluation

so we're not going to do that again we promise so the markets cooled off people went back into the regular sector of stocks and bonds and mutual funds and all that and that lasted for well until this current era you know 2020 I was hosting your show filling in for you uh down in Austin and uh and that was August and that that's when it broke its all-time high um we haven't reached we got close to reaching that again in 2022 in March after the invasion of uh Ukraine by Russia but I think with everything going on the banking sector crypto regulations CBDC the amount of Central the Central Bank activity really is what I think is driving the price of gold the big factor there is Central Banks around the world hoarding gold breaking all-time records getting ready for the the great devaluation that I believe

is coming uh you know what do you want to call it a great reset uh that's on the horizon the central banks know that so i think that's that's what's driving the price really um it's funny there's a headline on kitco see the european central bank did the same thing they did they did the 25 basis points just like powell and they've been saying the same thing for a while, that they can't allow inflation. So there's something, I mean, it's funny. The Central Bank of the United States and the European Central Bank, I mean, they're the same thing. I mean, these are run by the same entities, same families, same multinational banking consortium. So they've got the same philosophy.

So again, the headline on Kitco for that was that it was largely ignored uh by by gold um so i think gold is really taking on a life of its own because of the devaluation of fiat currency yeah yeah that's true yeah when we look at what is happening with the banking industry of course that's going to have financial implications for all of us and with the economy and everything else and there's some other underlying things besides just the rope-a-dope uh uh scam that the federal reserve ran on them you know keeping interest rates down essentially and there's some other underlying things besides just the rope-a-dope scam that the Federal Reserve ran on them, you know, keeping interest rates down essentially at zero.

They had to start buying Federal Reserve notes, and then they start raising it so rapidly, everybody's scrambling to try to get out of those bonds that they had to buy, and some of them couldn't do it rapidly enough, but it really was a trap, but they're continuing to do that now, continuing to raise the rates, and just as we had First Republic go down last week, rapidly enough, but it really was a trap. But they're continuing to do that now, continuing to raise the rates. And just as we had First Republic go down last week, and you have JP Morgan coming in and taking the cream of the crop,

they're still picking over those bones and deciding, you know, what part of the carcass they're going to throw on to taxpayers. You've got another bank, PacWest Bank Corporation, Pacific Western Bank, that is on the West Coast, they lost 56% of their stock share on Wednesday. They said so far this year they're down by 72%. That's what we saw with First Republic. It went down by 99% in just two months before it failed. And, of course, there were a lot of, not just one, but several members of Congress who made out like bandits on insider trading, selling that stock and then buying into J.P. Morgan, who wound up.

They knew this was all happening all the time. And like some people said, we would be in jail if we did something like that, but not members of Congress. Well, of course, I mean, they get, they just get lucky. It's funny, the, the inside job of this, you know, and I think really this is just paving the way for central bank digital currency. This is paving the way for CBDC. This is an engineered crisis. They're going to pick off some of the smaller banks. I watched this happen when I was a little boy in Texas. My dad chartered a bank at the age of 29. He built a bank from the ground up.

I watched him do that. And it was back then, there was no national banking in Texas. You couldn't get a charter. There was no Bank of America. There was no Wells Fargo. There was no JP Morgan. You couldn't get a charter. There was no Bank of America. There was no Wells Fargo. There was no JP Morgan. There wasn't any of that. You couldn't have that charter in Texas, according to the Texas Constitution. Every bank had to have its own president. And I watched my dad struggle through this because of the FDIC, the FBI. They came in, they broke up Texas banking after the S&L crisis.

They did that on purpose. You look back and you think, wow, that was completely engineered. So you get the bigs in there. And now when you walk into a bank in Texas, the president of that bank, there's no matter. There is no individual charter. You're not talking to somebody who's a decision maker. That's the whole point. You look at the top-down control system that is central bank digital currency that's coming. They're just going to pick a decision maker. That's the whole point. You look at the top down control system

that is central bank digital currency that's coming. They're just going to pick a few banks. That's why when people were going out and saying, well, I'm going to take my deposits out of this regional bank and go putting it into something, a bigger bank that's too big to fail. Well, not so fast. I mean, do you realize that they may not be picking that bank? There may be only instead of three, it may be two uh so lehman brothers by the way was a very well connected uh the old institution uh that was that was liquid and they went under during 2008 they were set for the chopping block they hadn't done something right and they consolidated more into the to the larger bank so i would caution

people on that philosophy i think that's very flawed. But they're going to piggyback off a lot of these bigger banks to run the central bank digital currency. At least that's how I see it. And they'll use the crisis that is on the horizon from de-dollarization. And we've talked about that several times in my last few appearances, the facts and figures that the world is using dollars less and less, which is going to cause a repatriation of dollars here, which does cause inflation on top of what the central bank and what the Fed's already done and what the government's already done for the welfare warfare state, all the massive trillions in printing devaluing. When those dollars repatriate, that's going to cause, I think, a collapse of the dollar as we know it. Maybe the real net zero, David, is going to be the purchasing price of the dollar, not carbon emissions.

It is amazing. And I think that they're going to run this thing through people like Jamie Diamond, who's got the inside track on this, the biggest bank, uh, JP Morgan. And, um, you know, they can consolidate the banking industry and say, well, this is just to, uh, we had to do that in order to react to what was happening to the, uh, medium and small size banks after what they caused to happen to those banks. But they can say, well, you know, he's just, uh, consolidating all this stuff.

And you have the, the two, uh, big to fail banks after they, uh, well, you know, he's just consolidating all this stuff. And you have the two big to fail banks after they gobble up all these other smaller failing banks, then at some point they just kind of hand over the reins to the federal reserve. They don't have to come in and say, well, as of tomorrow, we're going to take over the banking industry and consolidate everything. They just do it with a gradual iterative process using those big banks like JP Morgan bank of America and others to do that. And as you pointed out with the savings and loan crisis, you know, saying, well, this is corrupt and we're going to have to have more regulations and more controls.

We see that being repeated in the, against crypto, uh, with FTX and all the rest of the stuff, the most politically connected of any of the people out there and, um, you know, SBF. And, and so, you know, you know he runs this uh joke organization and then they uh he might have thought he was really actually doing something and they pulled the rug he's got no idea about how to run a business he doesn't care a wit about any of that stuff but they can use him as a poster child you know build up this big um uh straw man and then expose it for what it is and now we've got an excuse to shut down all crypto

it reminds me of that commander in vietnam that said we had to destroy the village in order to save it i think that'll be the rationale moving forward when they destroy the banking system by setting up those things like ftx and you know we've we've discussed before i'm a believer in things like bitcoin i like crypto i'm skeptical of a great many of them because of their ties to the Venture Capital and other things but I do like the idea of decentralized currency that we the people use and you know a lot of this it just begs the question why do we need governments for currency we just don't it's it's it's you're obsolete. We don't need you. We have an international gold standard because of the internet, because of worldwide communications. We have things like

Bitcoin. We don't need governments. The governments know that. But again, they're using these current crises, financial, geopolitical, to push a central bank central bank digital currencies which will really lead back to probably one uh you know master currency i looked at the the imf director uh said yesterday that uh central bank digital currencies are going to be a fact very soon i mean she looked at the united states and said uh even though there's some a lot of discussion there it looks like it's on the horizon it's moving forward um it's it's really has it made it into our politics at all except for uh places like your show and the alternative media it hasn't really been talked about i mean there's some in congress but we don't really have any say there you have the the house majority but

it's not going to pass you know even you know trying to regulate it or or discuss it um but it's really not made it into our national politics. I believe that it will. At that point, will it be too late? That's the open question. But they are pushing it. It doesn't matter what the people want. It doesn't matter what the implications are going to be politically.

I think they're going to push it. And that's what we need to be. I mean, even in the midst of losing our current way of life, which I believe because of the BRICS nations, David, because of the war in Ukraine and the current tensions with China, we're going to lose the standing of the world's reserve currency, which is going to change our economic way of life. I think even in the face of that, the most important thing is what they're going to do afterwards, and that's the central bank digital currency.

I agree. And we're seeing every day new people who are leaving, trying to get away from the U.S. dollar. But you said that we don't need a government currency. I really agree with that. And, of course, the founders believe that as well. They didn't need to have a government currency. They didn't want a government currency because they hadn't experienced with that. And of course, the founders believe that as well. They didn't need to have a government currency. They didn't want a government currency because they'd had an experience with that. They had the continental dollar and that was a disaster.

So they said, all right, we're going to everything that the government is doing. We're going to fix this in terms of either gold or silver. And so now we ignore all of that. And that's one of the reasons, you know, this currency actually were driving people away by weaponizing it. And so there was 19 different countries that said they wanted to be a part of BRICS, which is the Russian-Chinese independent system. And now we've had South Korea and Indonesia in just the latest days. Central banks signed a memorandum of understanding to promote bilateral trade and national currencies to move away from the dollar as the intermediary,

to move away from the dollar as a reserve currency. So even South Korea is pushing into that, even people that you would expect to be dependent on the U.S. government and to be an ally of the U.S. government. Well, yeah, I mean, look at Saudi Arabia applying for admission into the BRICS nation. Sixty other nations are also applying. Mexico, you know, we worried about in Amero, you know, 10, 15 years ago, we were talking about the North American Union.

Is that even being discussed anymore or is everything moving eastward away from the West and consolidating power with the BRICS nations? This is an open question. Yeah, five Arab states plus Iran among 19 nations ready to join BRICS. This was just a couple of days ago. And again, everybody is fleeing the American system because it is weaponized because you can't trust it. It's no more trustworthy than if you were an individual depositor in Canada and Trudeau doesn't like your politics. You'll just seize your money. We did the same thing on an international basis.

And of course they will do the same thing to us on an individual basis in this country. Biden is no different from Justin Trudeau. You mentioned the central bank digital currency and how that's not really, you know, we've had Emmer, the house whip who's talking about it. But as we've said, you know, even if the house passes it, Biden is going to veto it. But when you look at the candidates who were running on that, I was hopeful. Well, maybe there will be some talk about it because you had

DeSantis talking about it. Then you had RFK Jr. talking about it. You had Ramaswamy talk about it. But now the response is going to be we're not going to have any debates because then Trump and Biden aren't going to talk about it. They're going to run away from it. They're going to pretend it doesn't exist. Biden wants this, but he's working behind the scenes iteratively,

step by step, to implement it. He doesn't want to talk about it and then defend it. He wants to impose it he doesn't want to talk about it and then defend it he wants to impose it secretly on us yeah it reminds me of 2012 when you had romney running against obama uh romney had romney care yeah right you've mentioned this before obama they were still waiting for the supreme court decision on the mandate in obamacare itself and uh either way, the power structure wins. I think that's what you're looking at here. They're going to make sure that no matter what, who's running, the CBDC is going to be implemented. And it's going to take grassroots. It's going to take

real pushback from we the people to get this into the sphere of the debates, into the public discourse. That's why your show is so important. That's why alternative media is important, because the powers that be are not going to allow this into the debate. I don't think that they'll win that battle. I mean, I think with the loss of the purchasing power of the dollar, with the loss of the standing as the world's reserve currency, the banking crisis, people are starting to look at the monetary system

like never before. I see this on the ground level as a gold and silver dealer. People walking here never have bought gold and silver, never have even thought about it, and saying, I'm going to take my cash out of the bank. And I'm worried because my bank won't even let me have cash. And a lot of people don't realize that. You go in there, like, you're going to have to make an appointment. And people say, well, wait a minute. This is a bank. Isn't there a bunch of cash in here no there's not uh

you i i fortunately i have two great banks that i work with one in texas one in missouri and they've been magnificent i've been kicked out of a few different banks on the way up that they didn't like the fact that i wired the trading floor they didn't like the fact that i had deposits from crypto exchanges they They just said, get out. But there's a few banks that are out there that are great. They're not national brands, I'll tell you that much. I don't deal with national banks. But a lot of people are finding out the hard way. And this is even before, I think this is a calm before the storm. And I'm never an alarmist, David, but there is something terribly wrong with our system. And, you know, regardless of the financial impact of this, I listen to your show every single day. We're watching in real time the meltdown of Western Christian civilization because of cultural Marxism.

And really, it's just Satanism. Marxism and communism are the operating system for Satanism in the material world. I say that on my show all the time. What I ask people is, why would you bet on that system? The fiat currency is really the lifeblood, it's the alma mater of our current culture. Regardless of what gold and silver are as an investment or a hedge, every time I buy gold and silver or if I'm investing in my company i'm making a bet against that system yeah and so that's what i tell people you know if you if you want to bet on the current system you want to follow

the fang socks and jim cramer and go fine i mean that's fine but i am i am totally i hedge everything against that yeah yeah don't follow j Cramer. You got to follow Paul Pelosi. He's picking the winners. Yeah, no, that's a good point. Yeah, think of the U.S. dollar as really the bud light of currencies. That's how it is. Well, a long time ago when I restarted my radio show in San Antonio, I was trying to think of something off the cuff of what I would call the dollar. And I call them Luciferian bankster notes, LBNs.

And people write in and say, well, I've got these LBNs, you know, and they go to my website and they go, I've got so much LBNs, can I turn them into gold or silver? So I find that funny that, you know, I used to go off the cuff. But yeah, they're Luciferian bankster notes. That's good. Yeah, LBNs. Well, you know, even the IM's good. Yeah, LBNs. Well, you know, even the IMF doesn't like the LBNs. They said the dollar is, quote, gradually being abandoned.

That's the managing director of the IMF. He said there's been a gradual shift away from the dollar. It was 70% of reserves. Now it is slightly under 60%. That's happening pretty quickly. And he said that at the most recent Milken Institute Global Conference in Beverly Hills. But, you know, it was at that Milken conference where Fauci got frank and honest with people, said, yeah, we're going to do it from the inside, gradually and iteratively with chaos, you know. So they do go to these places and they figure that it's not really going to be not much attention is going to be paid to it so they can be frank with their fellow conspirators and tell them what's really

going on and that's really what's going on even the ims of imf is moving away from the us dollar yeah well they know then the words that were you the two words that put together managed decline you heard that a lot in the 2016 presidential race and that's what hillary clinton before was managed decline the west has been abandoned yeah um you know by the power elites and it's something interesting i i don't know i'm a i'm a history connoisseur of dates i like to look at like what happened in key years 1973 is a really good year to look at to see where things went wrong. That was the peak of gold holdings for the U.S. It was the birth of the Trilateral Commission. It was the last year that the United States ran a trade surplus.

I mean, and it was, again, if you, I don't know what you think about the moon landing, but I met Gene Cernan, the last man who walked on the moon. That was supposedly the last year we ever went to the moon, right? That's the year Roe v. Wade. It's the year that we were going to basically erase and terminate an entire generation of Americans by the Supreme Court through the Warren Court. So I really think there's key dates in history that show you where you're going to end up. America has been slotted

for destruction and to be siphoned off. We used to be the manufacturing marvel of mankind. We were the arsenal of democracy. Look at Detroit. It's a shame. It's a crime what happened to this kind of we

and they didn't make a mistake that's the thing they didn't make them it was it was it was from the inside inside intuitively right that's what they disruptively intuitively that's what they did it um and and again there's no mistakes made you go back to gary allen's none dare call it conspiracy you know if they were just stupid then they would err in our favor. Occasionally they never do. And that's, that's why we are where we are now. But it's not all doom and gloom. I think that there's opportunity here. There's going to be some resetting of the power structure. Financially, you have an opportunity not to bet on this system. And this isn't an infomercial on precious metals. It's just really just educate yourself on what happens when a currency dies. I watched a currency die in real

time when I was a young man. When I was 23 years old at the tail end of the invasion of Iraq, my first mission was to go to the banks. And you know, the banks were full of Iraqi dinar with Saddam Hussein's face on them. People were walking out with boxes of them out of the bank, the bank managers and people were just had their hands up. They didn't know what to do. And it was just a complete raid on the bank, but guess what? Nobody wanted any of the currency. So it died in real time. I got to what it was not exchangeable anymore, even though it wasn't, didn't have a high exchange rate to begin with. And people still use the petro dollar before that they use the the U.S. dollar. But that was something I watched in real time. So, yeah, net zero is real,

but it has to do with paper currency. I think that's something Voltaire said. And it will happen suddenly. And it is escalating and accelerating as we see this happening. And we just had this last week. The U.N. and Davos same time coming out and saying, we've got to push everything faster. Uh, we're not getting there as quickly as we need. We've got to have all this stuff in place by 2030. I think what they need to have in place by 2030 is everything taken down.

And then rebuilt into their wireless, uh, Wallace prison that they want to have us on. And so they've got to accelerate this whole thing. So it is going to happen pretty quickly. Tell us a little bit about what is going on there at uh why is wolf gold uh anything new happening there with uh the wolf pack or any other stuff lots going on with wolfpack i just got the gold backs in it took two or three weeks but we've got the new uh you know the the actual recognized currency of utah nevada wyoming new hampshire there's their little paper not actually the actual actual gold inlaid into like one thousandth of a troy ounce

in each one it comes out to like two dollars worth of gold so that's like a two dollar exchange note um so we got gold backs in those are going to be going out soon i think that stuff is really cool i've seen a couple of those and that is really cool. I like those. Yeah, they're neat. I'm going to, I'm going to send you some, uh, for sure. Cool. Um, we've had a tragedy in, in Kinsey's family. I'd asked for prayers. She, she lost her, her niece.

Um, and it's a three year old, I believe she, uh, just a really horrible thing as family tragedy. She, uh, drowned, got into the river behind the house it was really really awful just something's a tragic accident and so she's been out for a week um so we just we've been just uh asking for prayers and support and you can go on kinsey's twitter page there's a go fund me there for the family it's just a just out of the blue shock so i haven't had i haven't had my my strongest ally i I haven't had the person who really makes the nuts and bolts of Wolfpack work for the last week.

So we've been buying products. We've been stocking up. I tried to create at least a month's worth of product in reserves just because I think supply is going to be a problem. That's one of the reasons I opened up the North Texas location. David, I have a location now in Denison, Texas.

They're on Main Street, longest Main Street in Texas. You can go to Denison, check it out. Doc Holliday had a dentist office there, and it's the birthplace of Dwight Eisenhower. You can go check out Denison. There's probably a lot of gold transactions happening there at that dentistry office as well. I imagine so.

That's true. I didn't think of that. But yeah, I actually bought a gold tooth in Denison, I think. So yeah, we've got Wise Wolf Gold and Silver. Denison is open, and that's great. I'm basically doing a week there and a week here in Branson. So I'm flip-flopping. I'm trying to build both locations, keep the supply chain open.

And we're just servicing. Anybody who's going to DavidKnight.gold, we're helping with IRAs, 401k rollovers right now, and getting people into direct sales. There's no minimum. You can go to DavidKnight.gold, check that out. And of course, Wolfpack is always a way just to set a monthly membership and forget it. And we take care of it for you and send you a detailed invoice. I, I won't tell you how many members I have, but, uh, it's, it's in the,

it's in the hundreds. We're hoping we get to a thousand very soon. We're going to celebrate. We get to a thousand. I think that's a pretty stable number. Um, but, uh, very, very low cancellation rate, almost not noticeable. Um, so I think once people get in there, they like it. Most of the time they upgrade. So go to David and I. Certainly appreciate the help that you've been to this program. And I tell you, I know how busy you've been as everybody is starting to look at gold and

realizing what is happening financially with the dollar and everything else. And to lose McKenzie. So yeah, we'll keep McKenzie and her, it was her niece who drowned, right? Yes, it was her. We'll keep that family in our prayers. And the information about the GoFundMe, where will people find that at your site? I just retweeted it at Tony Arterburn on Twitter. And at Fringe News, you can go to Kenzie's Twitter.

You'll see that GoFundMe there. I'll retweet it again. Okay. I may put it on the Wise Wolf Gold Twitter as well. It's been a kind of discombobulating week for social media and everything. Just really the Wise Wolf family has been rallying around Kenzie. Yes, I understand. Well, a difficult time.

And so we'll keep the family in prayers. We'll take a look for that. I'll see if I can find it on Twitter, and I'll retweet it if I can find it there. So thank you for joining us. Thank you for taking the time. As I said, I know how busy you are and I've always been a real blessing to this show. Thank you, Tony. Appreciate it.

Thanks. Tony Arterman, wise wolf dot gold. And again, you can find it at David Knight dot cold as well. 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.

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