The David Knight Show - INTERVIEW From Nations & Individuals — Hedging Fed Reserve Mismanagment

Episode Date: August 29, 2024

Tony Arterburn, DavidKnight.gold, joinsDollar backed by gold? Cryptos backed by gold?States are starting to prepare for Fed Reserve mismanagement by creating gold reserves, creating even crypto stable coinsA sign of the times — another large gold depository opening upCentral banks, private banks, and the history of banks and trustworthinessMoney should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

All right, welcome back and joining us now is Tony Arteman. I began the program by talking about the American dream and how it's getting pushed out of our reach by subsidies and welfare magnets to pull people into this country. But Tony Arteman, Wise Wolf Gold, and he's kindly set up DavidKnight.Gold to take you there. And of course, Tony can help you if you want to try to have wealth insurance, if you want to try to preserve your wealth, if you want to try to have privacy. Gold and silver are really the best ways to do that. And he can handle small or large transactions.

And Tony has something that's very unique with Wolfpack. You can determine how much you want to gradually save on a monthly basis. And you can sign up at a particular tier. He's got a lot of different dollar amounts per month and you'll get gold and silver each month and you'll be able to participate in a group by discount. It can also help you if you want to set up a metals IRA, gold or silver IRA. So Tony can help you with all that stuff. Thank you for joining us, Tony.

Always great to be here, David. Thanks for having me. Thank you. What's on your mind? I'm looking at these, should the dollar be backed by gold? I was just talking the other day about, you mention all the time about currency versus money and all the rest of this stuff. And I think that's kind of a rhetorical question that he's putting there you know the the what is the difference between money and a currency and uh so that's one of the things that people need to start to get their perspective right i think they need to understand the difference between those things and um you know we talk about backing a currency by gold some people have started doing

that with cryptocurrency and some other things but um gold is is the thing isn't it i mean that's a you don't really need uh the dollar is there it's not going to be backed by anything and they're not going to make it honest by even putting uh gold behind it are they no we've tried that before yeah and franklin roosevelt made it illegal for you to own gold in 1933 but we still had a quote-unquote gold standard uh until 1971 and you know the rest of the world took notice they realized that we were writing checks you know against uh funds that we didn't have they started cashing in their dollars at the gold window so richard nixon closed the gold window we took the silver out of our coinage starting in 1965 we debased it and again

the rest of the world noticed that so i don't think a gold standard is necessarily what we need however i would point to all the central banks not ours but all the central banks around the world buying gold right now they believe i think that their currencies will be re-monetized against their gold holdings and i i think that's just kind of a trend they got to run the simulation seeing that uh you know the currency creation worldwide is unsustainable they inflate their way out of deficits and bubbles and crashes and it's just going to continue to debase and devalue their own currency so something's got to happen um you know the davos crowd calls it the great reset

that's what they're looking to do so you know the dollar um the dollar is in real trouble we just noticed that the um second uh largest reserve asset in the world is now gold it's supplanted the euro the first is the dollar but we can see that waning um there was an article up in the financial times uh yesterday about um cross-border payments are now at an all-time high between russia and china so all this the weaponization of the dollar over the past many decades but especially in the last five years has accelerated de--dollarization. See, that's the key. It's slow. I mean, we talk every week, and we've mentioned the petrodollar every week.

We're some of the few people talking about it, which is monumental what happened. I mean, it's cataclysmic for loss of purchasing power in the dollar long term, but nobody's talking about it. We're losing the petrodollar, it it's still in a shadow of itself because 80 of the energy payments still go on in dollars but again you can see the trend the trend is to dump the dollar these countries are figuring out a way to do it i think the the key here if you're watching commodities is that gold is the world's reserve currency just figuring out a way because it is physical like figuring out a way to use it as a cross-border payment use it to settle debts um you know and to do that transactionally and that's what's happening

that's what i think people mistake you know the bricks nations and they're you know have a meeting coming out i think they mistake that for them coming out with their own currency and they might come out with something but the goal there will not be to supplant the u.s dollar as some new reserve currency that everyone uses it'll be a way in my opinion for all of them and for countries in their periphery and who they do business with to transact outside of the dollar system it won't necessarily be that it'll be one currency or one thing um which again the cbdc plans that are drawn up um the world economic forum was crowing about that um a couple of months ago that 96 of all countries had a central bank digital currency plan in action or being

implemented that's what really is the, I think the future it's, it's gold and digital currencies and these cross-border payment systems. The dollar is getting shoved out of the way, but it's not happening. It's not happening so fast that the mainstream media is paying attention to it, but we certainly. Yeah, I agree. Yeah. I think that is the goal. They're going to have a CBDCdc it'll be interoperable so they'll be each of the central banks will have a digital currency that'll be there and they'll be interoperable but they see a lot of unrest and

chaos in the interim as we're transitioning to this stuff and so they're gonna they're accumulating gold to help with that chaos and and it kind of reminds me of, you know, we used to go to Williamsburg, Colonial Williamsburg, when the kids were young, and they would have these reenactors that would play different characters like Jefferson or whatever, and say, Where are you from, sir? Oh, I'm from North Carolina, whatever. Oh, well, you know, the banks there are kind of shady.

You know, they don't really have the the money to uh to back uh the reserves that are there and and it used to make me think about that it's like yeah you know there used to not be any central bank during the time of jefferson or any of the rest of the stuff and so it really was a faith in good credit of a particular bank and they would have to have um uh if you're going to write a check or do a draft on that bank um it had to have a good reputation and and it kind of was driven home when we went to hong kong and we changed our money into the hong kong dollars and i was back in the hotel looking at it because they were uh very different in terms of colors anything i noticed that um they had a radically different same denomination it would be radically different colors anything and then i looked closely

and one of them was issued by a bank there in hong kong and then the other one that looked very different was issued by a different bank and so i started looking this up and it's like this is the way it used to be in colonial times you would have the different commercial banks for example would be issuing their own currencies or their own drafts or whatever and that's the way they actually did it in hong kong and so that's really kind of what the central banks are doing as you're pointing out they're they're going to be issuing their currency or their digital currency and in order for people to believe that they're going to be good for it, they're going to have to show that they've got some gold there.

And that's why they're accumulating that. Right. And you see countries like Zimbabwe, who used to be the laughingstock, creating the trillion-dollar notes. They're moving to a gold-backed digital currency. Same with Nigeria. And there's others that are popping up. These are the testing grounds. I think that's what we're really moving to a gold-backed digital currency same with nigeria and there's others that are that are popping up these are the testing grounds i think that's what we're really moving to i think

gold will become uh known as the world's reserve currency if you will but all the digitized uh currencies are in the periphery in these nations will be used for cross-border payments and again there'll be probably a big market share of the chinese yuan and there still will be used for cross-border payments and again there'll be probably a big market share of the chinese yuan and there still will be dollars and all the rest but i think what really needs to be emphasized is that the economic world order that was set up in 1944 at breton woods is crumbling this is part of the you talk about it all the time this is part of the fourth turning where institutions get scrapped and reset and we're really watching that that this is going to bring a lot of economic chaos home those dollars get repatriated something called triffin's dilemma you know what happens when we stocked all these central banks around the world with dollars

and they repatriate them back home to the to its origin which is here in the united states it will further devalue the dollar. It is interesting to watch. I read a lot of economic history, and you're absolutely right. In the 19th century, we didn't have inflation. Now, there was problems with different banks. When you have decentralization and a free market, there's always going to be problems, but nothing like the corruption of controlling the money supply through the Federal Reserve. The life of J.P. Morgan, he was born in 1837, which was year one of us not having a central bank. Andrew Jackson killed the second bank of the United States. He wanted that on his tombstone, by the way. He wanted,

I killed the bank on his tombstone. But J.P. Morgan was born in 1837. He died in 1913. His life was the exact span of the United States not having a central bank. And again, they called it a Federal Reserve. They met at Jekyll Island on November 22, 1910. Three years later, they had the Federal Reserve enacted. Of course, you've talked about that many times. It's a wonderful lie because it was based off the time frame going into Christmas. So we really, I think taking a step back, what we're watching is the decline of the dollar. D-dollarization is real.

It's happening. It's happening faster than I had anticipated. I've been talking about this for years, but especially since the invasion of Ukraine by Russia and the sanctions placed on that, other countries have taken notice, and they're just dumping the system altogether and moving on. And that's why gold right now is over $2,500 an ounce, David. I really didn't think I'd see these prices either.

And I'm in this business. I haven't been crowing about, you know, $2,500 gold that I can remember. I thought, well, we do certainly break 2,000, 2,100, certainly, certainly, you know, but these are prices that even territory that I had not anticipated. At least this soon. I still think it's cheap, by the way. I mean, just for all intents and purposes, I still think it's cheap. But really what this is a reflection of is loss of confidence in the dollar itself as a reserve asset.

That's why gold has now supplanted the euro. I'll say again, it supplanted the euro as the second largest reserve asset. You've got to remember the Bank of International Settlements in Basel, Switzerland, made it a tier one asset a few years ago, gold itself. And it hadn't been for a long time. So we're really witnessing something historic here. Yeah. And so, you know, we've got, we had the meeting in Jackson Hole. A lot of people call it J-Hole, and I call them the A-Holes in J-Hole,

deciding what they're going to do with money. Are they going to increase the supply? Are they going to charge more or less for interest rates and things like that? And everybody's expecting they're going to change the interest rates in September. Then, of course, in October, we have the BRICS Summit. That'll be all about de-dollarization and having multipolar financial centers and that type of thing, breaking away from the dollar. So yeah, at $2,500 and it's gone up and set several new all-time highs in the last

couple of weeks and it'll retrench and it'll bounce around. But I think a long-term we're looking at something not even long-term, you know, by next year. And certainly after the election, I think we're looking at it going even long-term you know by next year and certainly after the election i think we're looking uh at it going up quite a bit higher uh and that's just really as as you point out all the time it's really the dollar that is going down and that's what we're seeing we're seeing the crash of uh this fiat currency out of washington uh as they want to tell everybody worldwide what to do now i got a question though did. Did they put that I killed the bank on his tombstone? No, unfortunately, no.

But there's a lot of great history. Andrew Jackson just despised the banksters. He said they're a den of vipers and thieves, and he's going to route them out. And in theory, you look at the conspiracy conspiracy theory is that uh the his would-be assassin who he caned by the way he they misfired the pistol misfired he caned the man in public uh supposedly that person was a rothschild's agent you never know uh but definitely he was an enemy of international finance and uh the last person to really stand up to that cartel. And it lasted a long time.

Because of his opposition to a central bank and talking to the people, it took that long. It took decades. It took the lifespan of J.P. Morgan to put a central bank back in place in the United States, and they knew not to call it that. That's why the language is very important. It's not federal, but they call it a federal reserve, and there's no reserves there. It's just a scheme to control the money supply, and somebody like Andrew Jackson understood that. Yeah, it was interesting. I saw an article that that pistol that had misfired. I don't know if it was maybe one or two pistols that the guy had or whatever.

But you point out that it misfired and he caned the guy and they got the guy. But they put those pistols in a museum. And in recent times, they took them out and they fired. So I don't know. that's it's kind of interesting you know uh god is sovereign and uh different things whatever he does but uh when we look at miss speaking of misfires we have the commercial real estate issues we have 557 billion dollars worth of value that is evaporated from u.s. offices. And again, when we look at the overall, when we're looking at chaos, we're looking at the decline of the dollar, the decline of the financial system,

especially the banks that are in jeopardy of this. I mean, where did this $557 billion worth of value evaporate? Well, it's really kind of evaporated from the banks because these people are going to walk away and the banks are going to be holding the um the empty bag that was money before we've got uh office buildings one of them recently sold at um and it worked out to 12 a square foot i mean that's how the office crash has really uh come on and uh it's really going to be the small and medium-sized banks that are holding the bag with all this stuff as it's all evaporated so this i think this is a direct correlation to not suffering the pain the true pain of 0809 you know the tarp funds and the injection of liquidity into the system to keep it from having a total crash.

They just put a Band-Aid on a sucking chest wound. And now we're going to experience, unfortunately, I don't think they can inflate their way out of it. I don't think they can print their way out of it. You're talking about a massive psychological loss of confidence as well in the market. But just we change patterns, you know, through the lockdowns and being not essential. And you can't go into the office and these companies outsourced and did everything over Zoom. You got to remember, every time there's a commercial real estate loan, every time there's a residential real estate loan, that's currency creation. So where did it go?

Into the ether, into the nowhere. It's gone. And this is why I keep going back to, if you look at the chart of actual so-called wealth around the world, it's estimated like what, 400 trillion? And you see in these big blocks of all these sovereign wealth funds or currencies or stock markets and then you look at the market cap of gold and it's 16 trillion how is that even possible how is it possible that gold the only thing really known as money in the history of the world is only a 16 trillion market cap in a world where the suppose there's hundreds of trillions of assets that doesn't make any sense to me and i think what you're watching again's just something, it's a bubble of all bubbles.

I don't think we can wrap our minds around what's going to happen when that collapses, because it'll be systemic. It'll be a malignancy that gets into everything. We just saw a flash crash on August 5th across the markets, markets and people have short memories they just forgot about it already but it looked bad you know it looked like there was going to be um you know a greater fallout than there actually was but i think that's just a stress test that's just a little burp on the radar but it's coming and uh and i think you'll see a rush to assets and there'll be revaluations everywhere um and and there'll be revaluations everywhere.

And it'll be, you know, to quote the Rothschilds, blood in the streets. Yeah, when that happened, I said, it's not even October yet, you know, because you see this kind of stuff happening in October, the major stock market crashes. So it might just come back in October. But as that was happening you saw gold go up significantly and uh so many different uh banks uh bank of america jp morgan many others and of course um as that was happening um you had weekly reports coming out zero hedge picked up report from a gold fix and said yeah three thousand dollar goal,000 gold, that's looking pretty reasonable at this point, just a few months out.

And if you go back and you look at how much it has gone up in just the last year, it truly is astounding, as you were saying before. But it is something that is kind of a harbinger of, I think, what is going to be happening this fall and certainly after the election. And that's why i think we're seeing these all-time highs with gold and it's not really when it pulls back as it always does you know you always have people taking profits with anything going up uh it hasn't pulled back all that much it's continually just slowly moving up i've heard a lot of analysts say that the price in gold is a reflection on future predictions of a Harris win in November.

But I disagree. I think the price of gold keeps moving regardless of who's elected. This is macro. This is geopolitical. This is about what we're talking about. Like total debt worldwide is estimated 350 trillion. So you've got a debt to gross domestic product worldwide. That's rivaling itself.

These things are unsustainable. And I, you know, there's, there's a sense in the market that, that that's coming, but these are still cheap prices. Silver's just over 30 bucks.

Let me check that. I'll check a gold price. Don't over it's 2959 on the spot price right now for the white metal. $52.50 in 1980, David. Yeah. $52.50 in 1980. This is cheap. And what do you think?

Gold was, when I was born, gold was headed up to $800 an ounce. Beginning of the 70s, it was $35 an ounce. Into the 70s, it was $800 an ounce, roughly. So, you know, what's $800 an ounce in 1980, David? Is it more than $2,500? You bet. You bet it is. You know what you could get for $800 in 1980.

So, really, we're denominating precious metals in dollars, and there will come a time when we don't, they'll be denominated in a different way, maybe, you know, in other commodities, there'll be a different chart, because, you know, the dollar in and of itself, we give psychological value to it's something I study all the time. And it is weird that we do that. because that's not part of our history can you imagine if we were founded we america would have never made anything of itself it was founded on a fiat currency yeah the country they don't they they don't they go and decline uh you know with fiat currencies you know that's the same thing with uh with our trade

policies we weren't founded on these free trade agreements we were founded on strategic manufacturing and uh and economic nationalism and countries decline on free trade they decline on fiat currency and we can see that and i think you know in large part what's happening to the u.s is done on purpose it's done on the inside it's an inside job i'm literally watching the petrodollar agreement lapse watching uh these cross-border payments increase not having anything not no intervention whatsoever to bolster the dollar and then everybody looks to jerome powell to ask when you know please daddy can we have some more inflation i know it's just crazy it's insane

times and and you you know you talked about the office stuff with the commercial real estate that Gerald Salente is absolutely right. That's where it will begin. It won't begin in the, in the residential market. This time it'll be in the commercial. That's right. Yeah. And as my, this is something I briefly mentioned. I don't know if you know any more about this, but Wyoming is going to launch a stable coin next year. And they said they did it because they're very concerned about the Fed's policy

and stability because they know that they're going to support the too-big-to-fail banks. We know they're going to throw the small and medium-sized banks to the wolves when this commercial real estate thing busts. But they will try to save the big banks and bail that out. And so there's a lot of different states that are looking at various ways to to kind of have a a fallback position a hedge against the the bad policies of the federal reserve and what may happen with the dollar what may happen with the overall economic system uh some of the states here like tennessee and senator nicely was trying to get uh the state to put more gold in you

know to buy more gold and hold it because um as kind of a hedge against what the federal reserve was going to do there's several different southern states that are looking at that and then of course there's um wyoming which is talking about doing a stable coin but the you know they're just going to put it into a crypto um thing rather than having uh gold that they accumulate there but still it's everybody's concerned about what the federal reserve is going to do what the economic system is going to be how the um the bank some banks will be saved but everybody else is just going to be left to die uh what have you heard about wyoming or have you heard anything about that what is the what are they doing with their stable coin

do you know i've heard a little about it. And I think this is a trend that will just continue to increase all over the place. I mean, just, you know, whether it's states doing it. You look into something like Tether. You know, Tether did this with the U.S. dollar and have been quite successful with it. I don't own any Tether. But I think there's going to be more of this popping up. And you're absolutely right. The states are decentralizing, setting up their own reserves

and allowing for gold and silver to be legal tender. I applaud all this. Oklahoma recently just passed some massive legislation being very friendly to crypto, very friendly to Bitcoin. I'd love to see it. That's what you need on a state and local level recognizing uh currency recognizing gold and silver as legal tender anytime that anything that pops up that competes with the fed i love it uh so i i'm i'm a fan uh because decentralization promotes freedom centralization detracts from freedom it's as simple as that and we're watching some history happen and when the bricks nations continue to do what they're doing with cross-border payments and

recognizing golden commodities the dollar continues to wane there'll be less influence from the fed um and that's great that's a good thing it's some pain there'll be some short-term pain but i like the idea of you being your own bank. I do that every week for myself. And I practice what I preach. I started buying, I started getting some smaller gold coins. I talk about this all the time. I put them in Wolfpack. I buy my own. And I set them aside.

Even with the premiums, I'm like, well, I know that 10 years from now, this won't matter. Five years from now, this premium won't matter. Psychologically, I'm saying, well, I'm paying, what, $2 2600 an ounce to get this uh 10 ounce coin as opposed to you know buying an ounce well it won't matter on a long enough timeline because i'm still giving you i'm taking this this dollar that's not backed by anything and i'm you know i'm putting it against the goal get the gold have something that's yours don't rely too much on third parties, you know, whether it's a bank, whether it's a crypto in an exchange, you know, learn how to do something yourself. And I would start with precious metals. That's where I start. We're still going to have a wise wolf Bitcoin

coming up very soon. And I have some, there's going to be some really neat stuff that I'm going to be able to announce on that, but it is a lot of work. I'm working on it. I'm kind of buried here in my office, been working on all of this stuff and you should see the paperwork stacked up behind me i've been trying to get all this stuff in action but yeah it's of course they've been thinking about how they can multiply the paperwork out there to make it difficult which is you were snubbing with that i mean they've been pretty successful if they can produce anything they can produce paperwork out of Washington, can't they? It's bad.

Yeah. Well, you know, that's what we're talking about in terms of the stable coin in Wyoming or, you know, adding gold to the state treasury in southern states and other places like that. People just understand the shaky situation that we're in with the Federal Reserve. And so you see, you know, Costco out thereco out there saying well you know we're going to offer gold or whatever or there's that reflects a general understanding of um what is um the kind you know the value of gold and and the risk that we're in right now this is another one uh this is a uh an idaho-based gold depository that's going to have more gold in it than Fort Knox will be able to do. It's called Money Metals. It's opening up. That's another example of, you know, we talk about bringing it home,

and a lot of these large central banks in other countries are bringing it home. They're bringing it home in terms of gold. They can't just divorce themselves from the dollar all at once because it'd be absolutely worthless if they did that so they got to do it in a controlled way but they're trying to bring home wealth insurance into their into their country and that's what individuals are doing you know you bring it home but you don't necessarily want to keep it in a at home this is a recognition of that that so many people are starting to accumulate gold that there's a market out there for a very large very expensive investment somebody's made 30 37 000 square foot vault for people to keep gold in that tells you something about the awareness of the importance

of having gold by individuals and you know some high net worth individuals or some businesses or institutions i guess well to be fair your local pawn shop might have more gold than fort knox i and some high net worth individuals or some businesses or institutions, I guess. Well, to be fair, your local pawn shop might have more gold than Fort Knox. I don't know. We haven't audited it. That's true. That's just kind of a metaphor, I guess, at this point. I know.

It's an estimation. Right. I send product to Money Metals all the time with my customers who use that depository for their IRAs. And Money Metals does a good job. So this is the private accumulation of gold. And I like to see people doing that. And depositories are the way to go when you've got a large amount. I mean, the super wealthy are not going to keep that at home. That's right.

You don't want to tell people, I own a lot of gold and it's at my house uh you might have a venezuelan gang that shows up you know it's that's right the home invasion that's right you don't you it's a it's a good hedge and if you listen to people like robert kiyosaki i mean all of his gold is in depositories and so um i i i support those i and i use money metals for sure. Yeah, yeah. But their expansion, 37,000 square feet they're adding, and they said they can expand it up to 60,000 square feet. So they're very bullish on people being bullion-ish, I guess. That certainly is the zeitgeist. Everybody is picking up on what the risks are,

and everybody kind of instinctively knows what the solution is. Well, anything else you want to tell us about what's going on at Wise Wolf? I know you're working on trying to get the crypto stuff on the side. What else is happening there? Well, we're definitely working on that with the Bitcoin. We're working on a new master website, just because it's the confusion between the two locations and working on some new projects. A lot of great stuff we're announcing soon.

Wolfpack is growing. And thank you for the plug at the beginning of the show. And, you know, definitely a huge portion of Wolfpack are David Knight Show listeners. And we so appreciate that. Well, that's great. We've got some amazing products. I think it's such a great idea that you're doing,

you know, nobody else does that, that I know of. And I know it's a lot of work and a lot of overhead for you to do that, but it also helps for people to be able to take advantage of, you know, a group buy and to, and the value of just being able to set aside something on a regular,

you know, monthly basis and to gradually start to accumulate, that's the whole point of it. It's not a get-rich-quick thing. Gold is not a roller coaster, which is what I like about it. But the race goes to the tortoise, not to the hare, necessarily. Right, and it should be that way. The prices of the stock market going up and down and the cryptocurrency going up and down you can get rich quick or you can get poor quick depending on uh sometimes you're forced to um get off the roller coaster you know and you might have to

get off the roller coaster when it's down so well if anybody that knows me and i've always been honest but i like crypto and i i do use bitcoin and i like bitcoin and we're going to have more to say about that very soon but if you really press me and say tony what are you going to if you had if you had to turn some fiat currency into something what would you do it would be gold and silver and depending on if i how fast i needed to move or go somewhere or how mobile i needed to be it would be either gold you know that would depend on what i bought but at the end of the day it's going to be precious metals because they exist in the real world um it's more and you're right it the a lot of people in the crypto space complain about gold complain about silver it really doesn't go up that fast it's not parabolic well that's

because it's money it's not supposed to um it's not these other speculative assets, especially when they're still figuring themselves out. You know, what does it mean to own Bitcoin? What does it mean for markets? It's still in its infancy. These are going to be swinging all over the place wild. Gold has been around since for all of recorded history. We talk about this all the time. You can go you know, go back a hundred

years. It's basically the buys about the same amount of land, crude oil, food, clothing than it did. You know, it's not, it's just that the dollar amount changed because of a free floating fiat currency and not being tethered by it. So I like the fact that it is a more stable and I would tell people I didn't expect $2,500 an ounce gold. Yeah. I did not expect this. And it's not coming from the average person wanting gold. There is some of that.

It's coming from, and you need to watch this closely, it's coming from central bankers. What do they know that you don't? What are they planning that you don't know about? Yes, they're planning something. Yeah, that really is true. When you look at it, I think of it as wealth insurance and just trying to preserve what you've got. That's probably going to be the most important thing that we can do coming up into these turbulent times,

and it's going to be very turbulent times the next four years. No question about it, change is going to really be accelerating, and it may not be for the better. And so you need to have something that you can fall back on. Saving is always good, but you want to make sure that you save money and not the pieces of paper. And I would include that with a paper gold that we've talked about so many times. It's one of the reasons why a method that they can use to manipulate the price of gold.

And of course, now they're doing derivatives on cryptocurrency as well. That's always the way that they can manipulate these markets with it. But the reality is, is if you go back and you look at the price of things in gold, that really tells you how it is a store of wealth and how it is solid versus the price of gold in dollars. That doesn't really tell you anything at all.

So it's always great talking to you tony and thank you so much for supporting the program it really is important to us i appreciate that appreciate you sir thank you and again david knight dot gold take you to tony at wise wolf dot gold and check out wolf pack 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. thedavidknightshow.com Thank you.