The David Knight Show - INTERVIEW Federal Reserve is LOSING MONEY

Episode Date: September 14, 2023

The Federal Reserve creates money, but they're LOSING money themselves…so why would you trust their fiat currency?Also, Argentina's hyperinflation, poverty, and questions about precious metal IRAs. Tony Arterburn, DavidKnight.gold, joins.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.

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Vehicle owners can pay or dispute online. Learn more at toronto.ca.aps. All right, and joining us now is Tony Ardaban of Wise Wolf Gold, and Tony has been a big supporter of this show. Really do appreciate that. He's set up davidknight.go knight gold so he knows if you're coming from this show uh but um yeah i'm looking at and talked last week tony to an economist from argentina you know they're depending on how they you know if it's the government counting the inflation if it's other people they're at 125 to 150 a year inflation i mean things are just out of control there, but we were talking as you came on and you said this interesting story about the Federal Reserve and they put themselves in something

of a bind. Tell us about that. Thank you for joining us. Well, it's great to be here, David. Yeah, the Federal Reserve is losing money, which is, it's kind of akin to like if you're Trump and you own a casino, but you go bankrupt, that's really hard to do. Michael Meharry put out an article on zero hedge from Schiff Gold. And apparently in the charter of the Federal Reserve, if they make money on interest, they have to pay the United States Treasury. But if they lose, the Treasury has to cover their losses.

And right now, the Treasury of the United States is covering the Federal Reserve's losses because of raising interest rates. And this is going to continue because inflation is not going away. They're not able to raise rates enough to stop this because of the trillions and trillions that were printed. David talked about devaluation and inherently you know talking about argentina inflation in general um if you have a currency is evil yeah you know i mean we we laugh about it and we talk about hyperinflation and wheel barrels full of of your deutsch marks you know in the 1920s 1930s and weimar republic germany but it it hurts people and destroys lives. And of course, enriches the most powerful because they control the money supply.

I was talking to a friend of mine last week and I said, you know, fiat currency is a lot like Tinkerbell. If you stop clapping, it dies. You know, the same thing with the same thing with with our world's reserve currency status. And, you know know it is crazy i had a friend uh send me a link uh yesterday to miles franklin andy sheckman over there miles franklin who i follow and um he said is this real and it would the headline was that the wholesalers and trading houses are running out of gold and silver and i said well you should have listened to my show i've been

saying this for quite a while they're quietly a lot of the larger uh capital holders are quietly buying up the supply because they see the writing on the wall you know inherently you can't save your way out of this crisis because fiat currency is always losing value and the dollar is slower to lose than others but you know again the fed the fed itself is losing money that that's a huge that's a huge headline that should be everywhere i mean that that is you would think it how do you lose money when you make the money you are the money yeah and you lose it don't know where they put it i guess at this point that is truly amazing and um and when i was talking about what was going on in argentina one guy was talking about

how this whole idea of the fiat currency, doing it for sovereignty control. And yet, as you see the situation in Argentina, they have lost control of the situation and they're losing their sovereignty now as well. And so all these, it just blew up and backfired in their face. But there's something else that's going on with gold. I want to get your comments about this. This is a piece on Zero Hedge from Gold Fix. And saying the Comix pricing is a lie. Why is China's price higher than the Comix exchange?

And they talk about the Shanghai Gold Exchange. They said gold was approximately $2,004 per ounce, whereas on ComEx it was $1,935. So why is this spread happening? And we see that kind of spread happening, as you've talked about many times before, with the ETFs of GLD and SLV, gold and silver ETFs. What is going on with that kind of rigging? Is that part of the uh shortages i think it does correlate to that i think what you're witnessing whether it's the

european central bank or the federal reserve the west itself i think colludes with the bullion houses and the paper markets to keep the price of gold and silver suppressed whereas you see the brics nations trying to break away create their own currency backed by gold and silver suppressed whereas you see the brics nations trying to break away create their own currency backed by gold and especially china they want the price of gold to go up they're not at war with gold what the west is uh the federal reserve especially is the world's reserve currency status and you you you know david better than anybody look at the 1970s we talk about this all the time you know when gold was was taken when the dollar was detethered from gold, the price of gold shot up.

And they had throughout the 70s, they didn't know what to do. I mean, they had Paul Volcker at the end of the 70s raising interest rates to the teens because inflation was out of control. They really, really tried to put that genie back in the bottle. And they did that really by getting people to turn away from gold by trying to crash the price. And again, I think that's indisputable. You look at what the Federal Reserve has a massive interest in keeping the price of gold suppressed. This country, the United States of America, hasn't bought gold since the 1950s. We haven't added to our gold reserves.

Every other country on earth has. Again again, that since 2009, all central banks around the world are net gold buyers, except one. And that's the United States. Yeah. Well, why do that when we just print paper money? And that's the key, you know, when we, we look at it and it's all relative. Um, but, but it is kind of interesting to see how people are actually operating in that, uh, black market. They're still hanging on to cash. They understand how important it is to have something physical in Argentina, even though people are going nuts. I mean, the prices are going up over 12% each month on everything.

And they said they're going up so fast, sometimes they're going crazy, running from place to place, trying to find the place where they haven't raised it yet so they can buy the commodity there before they can raise it and then run to another location uh to get it so it's like that that inflation that is impoverishing everybody um about half of the people are below poverty right now because of this inflation and because of the marxist economics that are there and so everybody is focused on economics especially in latin america that is focused on economics, especially in Latin America. That is their central thing. They're not out there fighting over social justice or the climate

change. They're just trying to stay alive. And one of the things that he was talking about, they call it, interestingly enough, when we talk about blue states, they call it instead of a black market, they call it a blue market. I thought, well, we might as well adopt that as well, because that maybe fits better with the economic misery and austerity inflicted on us by a Democrat states, a blue market. But, uh, he was talking about how they would have people come in with suitcases full of money. You can go to a nice hotel and you want to pay for it in cash. Then you call up this service and they come in with suitcases full of money and hand it

discreetly to the person behind the desk and and they take it back there, and they've got money counters like a casino to do that. I mean, that's the way that people are coping with this, trying to cope with it by keeping cash. But they're too poor, for the most part, to be able to afford getting into gold or silver at this point now uh and that's the the point they've waited too late yeah they're on the other end of money velocity yeah that's the debt the death of money when money dies that's what it looks like i talk about this all the time i remember going into iraq when mosul fell they sent us to the bank because people were taking all the dinar, the Iraqi dinar out of the bank, but no one was stopping that box full of Iraqi dinar with Saddam Hussein's

picture on. Nobody wanted them. The currency died in one day, and people were trading U.S. dollars. You have to remember, too, what was it, the fifth plank of the Communist Manifesto, David, is a central bank, the end game of Marxism. If you want to destroy a country, you first debauch its currency. That's quoting Lenin.

I think that's really what this is. You mentioned being able to get into gold or silver. Your currency, I don't care what country you're in, is constantly losing value. And the dollar is losing purchasing power. It's a really deadly game of musical chairs losing value. Yeah. And the dollar is losing purchasing power. It's a game of, it's a really deadly game of musical chairs with value. No one's going to tell you that you need to get out of the fiat currency.

They're going to tell you to get into the markets that the fiat currency props up. And this is, I think this is another thing we'll talk about before I, I know you have to, you have an interview coming up, but I wanted to mention something about 401ks and IRAs. Yeah. But this is, this is really a, is really an opportunity for people to look at what happens. This is the end game of fiat currency, Argentina, something like that. We don't have that here yet because we're the world's reserve currency. And that is money velocity. The demand for our currency is very high. The tradeability is very high.

80% of all the paper currency in the US is outside of the continental United States. So people are still using, but that is dying. I mean, we've mentioned this before, 2001, 75% of all the transactions went on in dollars around the globe. 2021, 56%. 2022, 46%. And it's declining because of our sanctions. We have 40 sanctions on 36 different countries. So the dollar is on its way out. And again, it's not happening tomorrow. You're looking at the slow decline and it may happen one of those gradually then suddenly kind of things that tends to happen in the modern era. But I would pay attention to what's happening. And I noticed there's some things going on in my business.

I know people need money. I'm watching my purchase ratios go way up, like the people trying to sell their gold and silver holdings, raising capital. And I totally understand that. And I make money either way. It's part of what I do, but I hate to understand that. And I start, you know, I, I make money either way. It's, it's, it's part of what I do, but I hate to see that, uh, because I know people are going to need that,

especially when the, the, you see the loss of the purchasing power. And I was a part of that, uh, panel. I spoke in, uh,

in New York city last week, uh, on near the anniversary of nine 11, uh, with Richard gauge and Charlie Robinson and Wayne McCroy for, uh, and Don Jeffries for FreeWorld.fm. And I was talking to my friend, Charlie Robinson, and he said, how's the 401ks and IRAs doing? And I said, you know, it kind of went really quiet. He said, that's shocking.

Like, I can't believe that more people aren't doing that. I said, I know. Right now, there is a calm in the storm. You still get supply. It's really easy to do that. It's kind of alarming. He mentioned it. I said, I hadn't thought about that, but a lot of that has dried up. I think people, take a second look. If you're looking at this market and studying it like David and I do and saying,

I don't think this is going to have a good outcome. If you're tied into the fiat system, which in and of itself is 401ks and the stock markets, IRAs, all of that's tied to paper. You might want to take a look and give us a call through davidknight.gold because I can easily put you into real value. there's another article that came out today on kitco and it talked about how gold was not affected by the european central bank raising rates it's another example of why the gold price has remained high or higher in the face of them raising rates which usually drives it lower because that is the way that they show that their fiat currency has a strength, you know, the strong dollar, uh, European central bank raises rates.

Gold doesn't do anything. Uh, that should tell you a lot because the gold demand is so high with the central banks around the world, uh, buying it. Yes. Yes, that is true. And, you know, when you think about an IRA or something, the key thing that you want to have, uh, with your retirement is preservation of capital. A lot of people say, well, at your age, you need to be conservative.

Well, you need to be conservative at any age. You get into a situation where if you speculate a lot when you're young, then you don't have it later on either. So you want to preserve your capital, and that's going to be one of the things to do it. I think it's a very safe, uh, Haven to have a gold there. Uh, but, you know, as you're, as you're talking about the looking at Argentina, what it looks like, how, um, you know, people are still going for the dollar, but you can see the weakness in it. One of the stories that I was looking at, they were talking about the fact that Javier Malay, who has finished in first place, a political newcomer, beat the other parties. And now he is still strongly in the lead for the coming election. And he wants to just completely get rid of the Argentine peso.

He said nobody wants it. They can't use it for trade with get rid of the Argentine peso. He said, nobody wants it. They can't use it for trade with anybody outside of the country. And so you can't, China won't take it. The U.S. isn't going to take it. Nobody is going to take it for goods. And then within the country, it is rapidly losing its value at like 12% a month. And so he said, they looked at it and they considered, well, you know, would it be the dollar?

Would it be China? They said, China's got a lot of strings attached, but I thought it was interesting that it wasn't, you know, that they did consider the Chinese yuan instead of only looking at the U S dollar. And that's a warning sign. As you point out the fact that the dollar's dominance because of what Biden has done, the way he's weaponized it and so forth, it's taken a big hit. And who knows what they will do? I mean, who would have thought a decade ago that they would have done to our central energy grid the types of things that they've done to make it vulnerable and fragile?

And look at what they're doing in the financial way as well, the central control of finances. Same type of thing is happening with the central banks that's happening with a central grid. Uh, they're working, uh, over time to try to make everything fail. It seems like well, for one of Biden's economic advisors, one of the top advisors has written op-eds on why we should lose the world's reserve currency status. Uh, as that's, that's insane to But, you know, the calls are coming from inside the house. I mean,

this is a controlled demolition of the American empire. It's a great book by our friend, Charlie Robinson. I mean, you look at it across the board. You know, we talked about 9-11 this past week. I mean, what was that all about? I mean, you look at the cash heist that happened, the debt that was added, you know, to the year 2000, David, the debt of the US was 5 trillion. It's 30 trillion now and climbing. These numbers are unsustainable. But again, who benefited? Who bono? Just the elites that look like they're they're looting the treasury. They're going to bring themselves in for a soft landing you know you look at the 2019 the largest mass exodus of ceos ever in in recorded history uh right before uh coped 1984. so you know and these this class of people the ruling elite uh especially tied into the banking houses and the multinational corporations, have no interest in the United States being a strong economy or a free market or anything like that.

And so you're watching that decline. It's directly correlated to the world's reserve currency status of the dollar. This is unfortunate for, and there's a great quote from R. Buckminster Fuller. He said, people cannot get out of the way of what they don't see coming that's right yeah that's the key thing that's what we're trying to do is to show people what is coming uh show people what's coming with the lockdown and the you know the vaccine mandates are on the way and the vaccines are on the way if you don't understand what the game is if you don't understand what they what they understand and i played it again yesterday it was back in

march of 2022 biden said you know what one of those times it happens about every four generations and it's going to change everything. We're going to have a new world order and all the rest of this stuff. It's like, yeah, they know this. We need to see what's coming. We need to see what they, that the train that they have running down the track, straight on, head-on collision with us, that they have put on that track. Tell us a little bit, Tony, about what is happening at Wise Wolf.

Well, as I mentioned earlier, we're looking at options for folks who want to turn their IRAs, 401ks, you want to roll that into physical precious metals. I know we're looking at supply and different deals. I mean, right now, and I learned over over the years of doing those that you want to put people in the most amount of metals for their dollar because that's the way it's going to because of the fees and the things rolling over so we're looking at uh how to get people into the most you know quality metal for for their dollar and something like that same thing goes with just direct purchases david you go to davidknott.gold you're going to be able to get

in touch with us really easy. You can even text us. And I've got a team that, you know, Branson, Missouri and Denison, Texas. We'll source product for you and there's no minimum. That's one of the reasons I built my business. We don't have a guessing game. It's not a magic trick. We don't want to know how much you know. We're just going to tell you this is how much metal we can get you.

These are the quality products. And, of course, Wolfpack. I really want to get Wolfpack uh to a thousand members i'm really close uh and a lot of those are david knight listeners and we've had some cancellations because i know the economy's tough but if you think you can't afford precious metals you go to davidknight.gold you click on join wolf pack it is easy we direct ship the uh precious metals directly from uh the branson location i source them from from all over the country uh but especially the trading floor in dallas and we got a lot of variety there but you can start as little as 50 and we have a lot

of new things being added to wolfpack i have some specials coming up uh there's flash sales it's just a good if you're if you're looking to get out of the dollar which i think you should yeah i don't think you should save all the rich don't save dollars ladies and gentlemen the rich don't hoard cash uh maybe a little bit for you know again like david talked about you have a little bit on hand a little variety to trade but look at precious metals we send you a variety through wolfpack and uh again there's lots of incentives there's going to be uh there's going to be some more flash sales coming up i know kenzie's working on a buy-in on on small fractional gold uh so you look for that if you join wolfpack you'll get a text and we'll have some some of that and so lots going on and and we definitely want to uh continue

to support you and uh we appreciate your listeners there, it's a weird time in the economy and I understand that. Uh, and I'm seeing that I'm on the front lines of it and there is a shift going on. Bidenomics doesn't work. Uh, I'm here to report because my business is totally different this year than it was last year. Yes. Yes, absolutely. Let me ask you a technical question before, cause we do have to break off a little bit early so we can establish a contact with Dr. Kaufman. But let me ask you about the IRA thing. When you have to take withdrawals, can you take the withdrawals in the form of the metal itself

or does it have to be converted over to our cash? No, it's your metal. Okay. You would take that. Yeah, we'd have to calculate. You have to go through New Direction Trust and have to do all the legal stuff. But when you withdraw, that's your metal.

If you buy, you know, 10, one ounce gold, American Eagles, those are your American Eagles. They go into your vault. You pay. It's $179 a year fee, but that's your metal. Uh, it's not paper. It's not, it's not on a ledger somewhere. It's yours. Yeah.

And that's, that's the difference between buying physical precious metals and buying something in paper it's not in shanghai you're not going to get shanghai'd with that so no that's good enough and that's a very important thing you know that you'll be able to preserve it that way uh without the additional exchange fees with it thank you so much tony appreciate you coming on and thank you for all that you do for the program. It's a great program, folks, especially the Wolfpack, where you can set up a regular savings program there and also a community that he's got there. It's a great program, and as we start to look at this,

as things start to get tight, understand that on the backside of this, one of the safest places that you can be is going to be in gold and silver. Uh, I really do believe that. So do your own research and, um, you know, don't take my advice as a, as an expert, but we do know how dangerous, uh, the, the paper currency is. Thank you so much. Uh, Tony Ardaban, Wise Wolf Gold, and you can get there at davidknight.gold. Thank you, Tony. Appreciate it. Thank you so much, Tony Arterburn, Wise Wolf Gold, and you can get there at davidknight.gold. Thank you, Tony. Appreciate it. Thank you, Dave. The common man. They created common core to dumb down our children.

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