The David Knight Show - INTERVIEW If Your Savings Are in Paper Money, Your Money Will Retire But Not You

Episode Date: July 3, 2024

Tony Arterburn, DavidKnight.gold, joinsnew site, WTF Happened in 1971, 75 charts showing the devastation of the middle by inflation and manipulationNigeria moves to repatriate its goldNow 85% of investors have gold as part of their portfolioOne African country is CRIMINALIZING the use of the dollarMoney 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 and joining us now is tony arturban of wise wolf gold and tony has kindly set up david knight dot gold he supports this program and if you go there that'll that's a link to tony where you can get gold and silver small or large he can handle either one of those and he's also done something not too many people have done i don't know if anybody else has done it, actually. He's setting up a buying group. And you can, on a fixed amount each month, you can determine how many fiat dollars you want to convert into gold or silver. And he'll do that for you and get you the quantity discounts.

He calls it Wolfpack. So joining us now is Tony Argerman. Coming up close to 4th of July, so I'll just wish you an early happy fourth well happy fourth to you my friend i appreciate you having me on again well thanks yeah we can all hope that uh uh for for a brighter year with uh perhaps more of a fourth of july uh environment to live in than we don't although we might wind up getting the Revolutionary War is what we might wind up with. Well, I mean, it's something, you know, I think that is underlying in the American character. Somewhere in there, I know very deep within us in our society is the same people that threw the tea in the harbor. Yeah.

The same people that didn't want the, you know, the British Empire to rule over us without representation. Somewhere in there is the America that I love. And we always need to remember that. It's not just backyard barbecues and fireworks and things like that. There's a reason we celebrate this independence. And we need that spirit today. That's right. And that's what they want to replace.

They want to replace the remnant of those people that still care about that, still have that spirit in them. And while tomorrow we'll be talking about, I guess, what happened in 1776, there was an interesting article on Zero Hedge from Michael Meharry. What happened in 1971? You talked about that many times, of course. What happened in 1971? But it's an interesting article, isn't it? Yeah, absolutely. There was actually two articles up to this last 24 hours on Zero Hedge, and I brought both of them here to bring up because they flow together. They're not really

related, but the Epoch Times put out an article that says three in four Americans say they're not financially secure. A new report shows in the study by YouGov Americans said they need to make 186 000 on average to feel financially secure more than twice the 79 209 the Census Bureau reported that the average full-time worker made in 2022. so you can see you know just society-wide people are the dollars losing purchasing power this is because of inflation and we'll talk about you know what wtf what happened in 1971 that website that's out there michael moherry put out but it says uh the end of the article says many americans are stuck somewhere between the continued sticker shock from elevated prices a lack of income gains and

a feeling that their hopes and dreams are out of touch with their financial capabilities this is from bank rate but if you go to you go to the michael meharry article and he's talking about some bullet points of what what did happen in 1971 what happened that uh that break in history says africAmerican incomes virtually stopped catching up to white incomes in 1971. Median male income has flatlined compared to real GDP per capita since 1971. The number of two-income families has surged since 1971. Price inflation has surged since 1971. A can of Campbell's tomato soup has undergone significant shrinkflation since 1971 and housing prices have skyrocketed since 1971. now what two things happened uh you're playing

cloud Schwab earlier the the our our modern day real life Bond villain uh the World Economic Forum uh was founded in 1971 and course, we talk about this all the time, but it's probably the most important story, I think, of the last 100 years is that is going off the gold standard, Richard Nixon removing the gold linkage to our currency, closing the gold window on Augustust 15 1971 and everything that follows and again this is kind of the magic trick that we we talk about and just for a side note you were talking about uh the tower of babel and nation tongue and tribes and when i was in iraq in northern iraq there was uh supposedly they took us to the site of nimrod's palace where there was

like the tower of babel that That's where that supposedly, right. This is what one of the scholars there was done. This is the side of the tower of Babel. And I was reading years later, I would read Joseph P. Farrell's Babylon's banksters. And supposedly the Rothschild family believes they stem from Nimrod. Like they come from the line of Nimrod, which is kind of really weird. It all flows back to the same kind

of mindset of creating this one world government, new world order, all that stuff, the World Economic Forum people. That's where they're raised on debt. That's their whole reason for everything that they do.

Yeah, most normal people if they thought they were descended from them rod they would not want to talk about it it's something of a reveal that they would say it or even want it to be true you know well and again the reason i bring that up is because all these things you know they they flow together there is there is a an underlying uh what they call babylonian money magic you call it the magic money tree for the modern monetary theory the consequences of that is all the fake and the corruption and everything but it starts with the economic consequences of taking out the middle class and that's what we've seen

you know there was another report out uh in the last And that's what we've seen. There was another report out in the last day that the trade deficit for the United States is as large as it's been since 2022, and it's growing. Well, again, these things are really just the same consequence of removing all checks and balances from our currency and then the free floating of it all the moving of manufacturing all that since 1971 it's been catastrophic and you know a lot of people are i was listening to an interview with peter schiff and he was talking about people are trying to set

up their retirements you know he's like if you're saving dollars uh you're not going to retire your money is your your uh your paper currency not going to retire. Your money is. Your paper currency is going to retire. I thought that was a good line because that's really what's happened. I think it's caught a lot of people by surprise. If you go back and look at the first article I was talking about, the three and four Americans, the older generation is the one that's actually a lot more skeptical because they've lived through, I think, different times and said, wow, this is something clearly wrong with this. The younger generation says, well, it's bad right now, but I think I can get out of this. Well, no, you can't. I mean, unfortunately, if you do the same things and you practice the same kind of financial, you know, if you have the same financial disciplines as your parents, you will lose. You know,

Robert Kiyosaki says that savers are losers, and you clearly are in this paper currency downturn that we have, this fiat currency. Yeah, it is interesting. As Michael Meharry says, he was talking about what happened in 1971. The reason he mentioned it was because he said that there's a website that went up. The website is called WTF Happened in 1971. He says he's got 75 charts on that website. One of them, Travis, see if you can pull it up.

It's the one that's labeled, it's from Fred, and it shows the 50-year decline in wages as a share of the economy's total income. And it is straight down the trend line. It absolutely is amazing. And I think that pretty much says it all, that real wages have just gone straight down. And it's really, you talk about the evisceration of the middle class, Tony. It's inflation, isn't it?

That's the key weapon. Right, because it's hidden its stealth and for for a long time i think the you know they managed it quite well after the shock of the 1970s inflation shock with paul volcker and you could see like through the 1980s and 90s david you lived through this gold was pretty flat you know it didn't move a lot i think they were able to with you know the economists like art laffer and all those they just really put a lot of emphasis on wall street there was growing stock market and all the rest they had the 90s with the dot-coms but really that that's all come crashing down and everything that's built into the system

is debt you know the debt of the us in 2000 david was five trillion dollars by 2010 it was 10 trillion dollars and of course we know the story you go to 2020 you know and it's it's 20 plus trillion now it's 30 plus tricks 34 and a half trillion dollars and we talk about this every week but it's growing by a trillion dollars every 100 days so you're just massive acceleration debt to gdp and these all these things are unsustainable. And it really doesn't matter what the stock market's doing. If you recall Venezuela during the crash of their currency and the implosion of their economy, their stock market was doing great.

And I think some people are taking away the same numbers here, looking at our stock market and what's happening on Wall Street. I think really what we're seeing— That's the only metric that Trump cares about, you know, because he wants to please Wall Street. So how's the stock market? See how great the stock market was? See how we pumped it up? But what people don't see is that that debt that's there, it's covered over by the reserve status of the dollar. And that's now a phantom.

You know, that's a dead man walking right now the dollar's reserve status and when that disappears completely that's when we're going to see the effect of that massive debt uh come home to all of us so it's setting there's like this this sort of damocles over our head and um and it's um you know the the saudis have been gnawing at that rope and it's it it's about to drop on us, I think. Well, you're absolutely right. And, and what's funny about that is Trump used when he ran in 2015, 2016, that candidate Trump was totally opposed to the, he thought the stock market was inflated.

You know, you talked, you talked about the, the fed, uh, overreach and needing to audit the fed and even talked about gold back currency all that stuff and that's completely out the window and you're you sort of damocles is absolutely right yeah and the strange thing that you know we you and i've discussed with uh loss of the petrodollar which made almost no headlines and i'm you know it's it's bizarre that that didn't it wasn't earth shattering news because it actually is. Once the world figures out that they don't have to use dollars and then when there's another available system, especially with the BRICS nations, it's unlikely that BRICS really will create some sort of dominating competing currency to oppose the United States. But I think what they will do is they're going to create payment systems where they can trade amongst themselves and other nations that want

to friendly nations that want to trade with them. And I think that's what's really going to bring the dollar to its knees. That's what's going to create the dollar collapse, because you and I both know, I mean, the mismanagement of of our country the only reason that we've been able to get away with it uh this this sheer stupidity and of course i think most of it's on purpose in this controlled demolition yeah i think the one of the reasons we're able to get away with it is because the world uses dollars and there's a demand for them whether it's uh even with the saudis uh ending the petrodollar agreement on j 9th, 80% of all the petroleum that's purchased through the energy systems and markets is done in dollars. Well, that's slowly going away as we've seen the usage of dollars, the collapse of the usage of dollars over the last 20 years.

It's gone from 75% of usage in dollars, you know, around the world and financial transactions to the low 40s. I just, we're going to see a continued decline in that, David, and it's going to, those dollars will come home, they'll be repatriated. This is what the economist Robert Triffin talked about in the 1960s, it's known as Triffin's dilemma. When you lose the world's reserve currency status, the repatriatedated currency we're inside a real lifetime experiment you know and you know going back to the the website that maheri brought up and i've heard about it before but it's interesting you know a lot of the economists at the time uh david they believe that uh that the only thing propping up the price of gold was the dollar.

They thought it was the inverse. They thought that if you took the dollar off the gold standard, that the price of gold would drop and nobody would want it. That's the kind of people that make it to the upper echelons of Washington, D.C. That's funny. You talk about the day, the Triffin's dilemma made me think of uh when i was a very young child i think it's before i started school they they had um a movie they were really hyping science fiction movie called day of the triffids and they even handed out like sunflower seeds it's like triffid seeds and stuff like that and so i was really eager to go see that film but

it was absolutely nothing it was just but you know it makes me think the day of the uh triffins i guess is coming it's all going it's going to be like an invasion from outer space and the um uh the the wreck to the economy you know we talk about wall street and uh so you know what does wall street think about gold well they had a survey of 525 north american investors that they do on a regular basis six years ago when they surveyed them 69 of them owned gold now the most recent survey that's gone up to 85 percent uh so they're hedging uh in terms that's not that they're only holding gold i mean they're still investing in the stock market and other things, perhaps Bitcoin or whatever, but they are still, you now got 85% of them have some gold.

And that's the same thing the central banks are doing, of course, as we always talk about how they're accumulating gold. And I think it's going to be not BRICS. That's not going to be Russia and China. As you point out, it's going to be the, they're going to create an alternative system to SWIFT and other things like that so they can actually do trading. But I think everybody, including Russia and China, I think everybody is going to be trying to go to this Bank of International Settlements project, Rialto, their central bank digital currency thing that they're in the process of implementing.

Well, I think you're right. And that's why I believe the central banks are buying so much gold. This is breaking the record since the 1950s. If you recall, at the end of 2009, the rate of central bank gold buying was near zero. They did not buy gold. Their holdings had been pretty stagnant for the previous decades. But now that's absolutely off the charts accelerated there is going to be a currency reset that's why they call it that they floated that the term is the great reset they put that out there all the time there's going to be a reset of all valuation and currencies and commodities and i think the the loser will be the u.s dollar for sure uh that's that system you know it's funny biden's about as old as the uh as the

breton woods agreement uh and uh that you know the end of world war ii that turning that uh 80 years ago and that's what we're looking it's really i think a great representation of the faltering of what he called the liberal new world order that they set up and the dollar is part of that um so there will be i think with the sanctions and everything we've accelerated all you know this the power moves that happened uh you know all great powers come to an end all empires decline we know that through history but all of our moves have been accelerated by either sheer stupidity or sabotage you know when we talk about weaponizing the dollar, you know, 40 different sanctions on 36 different countries, David, we've alienated so much of the rest of the world with our financial system. We've made it very complicated. We made it very risky.

You look at what happened to Russia's assets. You know, they were being redistributed, and I think gleefully by europe and uh in the united states redistributed to ukraine so i mean these are acts of war that are that are going on and we talked about you know a couple weeks ago we talked about the the the tariffs um you and i are both people that agree with that and i think in theory or even in practice uh but not this time i think these are weird things that are happening uh these tariffs that they want to put on both trump and and biden so the system itself uh is is being rejected and that's why it's important for people to understand you

know you're talking about holding dollars what happened since 1971? What's it going to look like in the next five to 10 years? Well, we can see that the loss of purchasing power is real. I'm not watching gold go up, folks. I'm watching your dollar lose purchasing power. We're predicting the price of gold. It's kind of silly. And I you know fortunes can be made on this i don't really play the markets that way i buy for the long term i invest in my business so i don't really play the markets as you know you can do well i know people that do but i i really look at this as an inverse chart of you know this the more the government goes into debt which they will and they're going to increase. That's the only solution that they have is to print their way out of their disasters. And so the

money supply will increase, the purchasing power will wane, and commodities like gold, like silver, things like Bitcoin, I believe, and real estate and other things will hold value while the dollar declines so this is you know the era of of declining value for fiat currency this experiment i think is uh i don't think i wouldn't say coming to an end but we're reaching a a reckoning yeah oh yeah absolutely yeah you're saying uh uh biden is about as old as bretton, I guess, challenging, channeling Monty Python, you know, this kind of voodoo witchcraft that they're doing. When they tested to see if this woman was a witch, they decided she was made of wood. Maybe that's Biden's issue.

Maybe he's made of wood. But I don't think that this whole thing is, the currency is not going to be able to float too much longer. And we've got Nigeria is planning to bring their gold reserves home. They don't trust the U.S. dollar anymore. And they specifically said that to, quote, mitigate risks associated with a weakening U.S. economy. And they don't, you know, compared to the big countries like the U.S. and China who have thousands of tons of gold, they've got 21 tons of gold, but whatever they've got, they want to keep it. They don't want to have it in dollars.

They don't want to lose it, so they're going to have a gold repatriation. And we saw some of this stuff happening a few years ago. Some of this stuff began where you started having some countries say, you know, I'd like to get my gold back that you say that you're holding for me. And this is trickling down even to small countries like nigeria well they want a place at the table and that's the place at the table is going to be secured by gold in the 21st century uh the the era of fiat currency the era of the reign of king dollar is coming to an end so yeah you you get out. You better fly away from that system. You know, I really subscribe.

This is, I have no real tangible evidence to say this, but some of the journalism that's gone on at Kitco and other places that I've researched, I think China actually has more gold reserves in the United States. Yeah. I really do believe that. Uh, we haven't, uh, displayed our gold reserves. Uh, we haven't had a real accounting since the 1950s supposedly we have somewhere around upwards of 8 000 tons or so there's been some great journalism that's gone on and showed the by the way that this is real the chinese bought gold off

the books beginning in the this century they started buying gold in massive quantities off the books now why would a country secretly buy gold? You'll notice every once in a while, Zero Hedge and others will publish an article, somebody bought all this gold, and then it'll trace back to, it'll be a holding company that goes back to the Chinese government. The Chinese are buying gold at a rapid clip. So, I think this has already begun, the scramble to get gold. And what has hamstrung the United States is that being the world's reserve currency, once it went off the gold standard, it's actually at war with gold. If it buys gold, it decreases the supply.

The price goes up. It has to readjust everything. And I think that's just a dangerous game. And again, they, this is pretty clear in evidence, you know, whether it's the bullion exchanges and the central banks working together to kind of slide of hand, you know, as far as the price and the suppression of price. But I don't think there's any way now that we're going back to, you know, below $2,000 gold or anything like that. I think we're way past that. The price has been set.

And so every time that price moves, David, the dollar hurts. And we can see it's bleeding. When the price of gold is going up, the dollar is dying. Yeah, absolutely. And it's not just countries that are wanting to repatriate and get out of the dollar. Zambia, the nation of Zambia, is actually going to criminalize the use of dollars. This is on RT.

Of course, Russia wants to talk about this. But on Saturday, they had a draft document from the bank, the central bank of zambia and um if they catch individuals using u.s dollars they could face up to 10 years in prison or substantial fines so they're going to have um they want people using this is i've never even heard of their currency before tony the zambian quacha and its subunit the negui i guess ngwee i don't't those people are not going to be able to even use foreign currencies especially the dollar uh they want to criminalize it you go to jail for 10 years if you use the dollar interesting isn't it well i remember uh 21 years ago i was in iraq and uh the only currency that was accepted at the time was the U.S. dollar on the ground.

If you wanted to go out and buy something, they accepted U.S. dollars. And the first place they sent me to, and I've told this story before on your show, the first place they sent me to when Mosul fell was the bank. And the people were running out with boxes of Iraqi dinar, and it was pandemonium, but nobody wanted the Iraqi dinar anymore. I got to see a currency die in real time. What's interesting, since Ari Fleischer walked out to that podium and said that Operation Iraqi Liberation had begun, by the way, he did say that, Operation Iraqi Liberation, that spells oil. Somebody had to send him a note. Actually, the acronym is oil. You should probably not do that. But since

that time, the Iraqi parliament has made it illegal for the banks to traffic in the U.S. dollar. They are moving away from the U.S. dollar. Look at that. As far as a slide in power and projection of the American empire, that is a swift decline just 21 years ago that was the only currency that was accepted on and again we you know we ruled over iraq and now um all the all that iraqi liberation and they reject the u.s dollar and you know it's um zimbabwe look at that look at that currency david we talked about this before. That used to be the joke. They had the trillion dollar notes. Well, they've scrapped that and gone to a gold backed currency. And the IMF has actually praised them and said, well, this is really good. It's bringing stability to the country. You don't say. A gold backed currency and then they're able to

have a lot more stability so i think this is really the way of the future is going to be something a commodity-based uh currency for stability uh because this whole the entire you know breton wood system and the dollar is uh is absolutely collapsing before our eyes and and not that our leaders or so-called leaders are doing anything to prevent it no no no they don't care uh as a matter of fact they're doing everything they can to push it forward i just look at what biden has done nobody has done more to take the dollar down faster than he did with his sanctions you know he he essentially um uh destroyed all credibility that was um that

anybody might have had in the swift system or in the u.s dollar by his sanctions against russia no question about that doing exactly the opposite of what the central bank has done in the past with paul volcker where he sacrificed the u.s economy and its well-being in order to prop up the dollar uh what uh biden did was just uh the biden uh collective i'll call him the biden c i don't know he doesn't know what he's doing but uh the people who are calling the shots there uh what they did was to sacrifice the dollar for their geopolitical ambitions and i really do think that they they want to push us into war but um what's going on now for people who want to exchange their fiat currency that is

evaporating before our eyes into gold what do you have going on there at weisswolf well that's always been my goal to uh to get you out of fake fiat currency put you into a real asset and uh we've you know set up david knight dot gold really easy way to do that if you want a dollar cost average and get a variety of metals is to join wolfpack you can go to david knight dot gold really easy way to do that if you want a dollar cost average and get a variety of metals is to join wolfpack you can go to david knight dot gold click the join wolfpack tab we have membership starting as low as fifty dollars going all the way up to five thousand to automatic purchases uh we source all your metals for you i go over these invoices meticulously and uh of course uh yeka who helps me does a great job in sourcing metals and talking to

customers. And we're just really passionate about it. I think I've got close to 1200 members now and it's growing. So the more people that join the better prices I can get everybody. I'm actually going to the trading floor in Dallas today to pick up some metals and I'll be taking them back to to branson soon that's where we ship out as our branson location in missouri but yeah we've got uh promo code 1776 it's a good time to join you can do one-time purchases too from wolfpack uh through the same

site through david knight dot gold but as i mentioned earlier if you're if you're saving paper uh assets and like the u.s they're backed by the u.s dollar um you may not retire it's going to be your money that retires i like that line from peter's ship so we've got you know 401ks iras you can roll those over into physical uh gold and silver as well through david knight dot gold but yeah it was this is a an interesting time david i'm very thankful i happen to been working for years to position myself where I make sure I always get supply. This was my worry two years ago, as I told you on air many times. My worry is about when things start to really turn, am I going to be able to fill orders?

And so far, so good. I've made a lot of inroads in the last uh two or three years on getting supply and making sure that we fill all the orders and everybody who's ordered from us gets their product uh so i'm really i'm really proud of the the team that i have and uh working with shows like yours and and your listeners and so if anybody has any gold or silver needs uh give us a call and i will say i'll be announcing soon, we're going to have a crypto option. If you want to buy Bitcoin, I'm going to be setting up to where you can do that directly through me. Again, I have to build up some infrastructure for it. There's a lot of

regulation and red tape. I have to do all the things, but we'll be able to do that as well. So just be looking forward to something dropping soon on soon on that yeah i'm sure you got a lot to uh look at because they keep changing those rules too they just added a whole bunch of crypto stuff as well to try to to make that but you know that that you're growing at a at a great pace there it was just uh it wasn't that long ago that you crossed the thousand mark now you're up to 1200 members of wolfpack that's great news it's really good now we're very thankful it just it makes it a lot i think there's probably a certain number, and this has been an interesting journey in entrepreneurism too,

because I realize now why the big people don't do it because it's the moving parts and the logistics and all the rest, but I love it. I think it's great. We've got our database of people that we talk to. They're like family. We have like close to 800 five-star reviews.

I have almost no cancellations. Most people will upgrade so it's it's been it's been really neat and a lot of that's because of the quality of the people like your listeners i mean that's the people there for the long term to stick around we have uh they'll work with us you know we if there's something's wrong i'll fix it immediately uh so it's been great well it's a great innovation and it's a win-win situation for everybody. I actually like that a lot. Well, it's always great talking to you, Tony. Have a great Fourth of July, and I know you're going to be really busy stuffing those envelopes and everything, getting that stuff out there.

Shipping that much of all these little things, that's got to be a real logistical challenge to try to get all that. Not only to get it now in this environment to get the gold and silver, but also to get it distributed to everybody. I'm sure that's quite a task. So it's pretty impressive that you get that out to everybody every month. So we're going to take a quick break. Wait a minute. I've got one question here. This is on Rumble.

Emulated Void said, I look forward to my wolf pack coins every month. Well, that's great. That's great. That's awesome. Um, thank you again, Tony. Have a great 4th of July weekend and we'll talk to you next week, I guess. You too, David. Thank you very much.

All right. Great. Thank you. And, uh, so folks, we're going to take a quick break and we'll be right back. Sous-titrage ST' 501 You're listening to The David Knight Show.