The David Knight Show - INTERVIEW Official But Unreported: Petrodollar Ends & Saudi Joins China's CBDC

Episode Date: June 20, 2024

Tony Arterburn, DavidKnight.gold joinsIgnored by both mainstream and vast majority of alt news, including financial news — the foundation of the US dollar's status as the global reserve currency has just been removedIt's unknown how quickly the repercussions will spread but they will come as the government's debt continues to explode exponentiallyAs the Saudis leave the dollar they join the global CBDC being put together by China and the BIS (Bank of International SettlementHow have America's geopolitical goals changed since the creation of the petrodollarTony responds to questions/statements about metal IRAs, metal ETFs (e.g. GLD, SLV)Money 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.

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know i we're talking uh during the break and i've seen a lot of talk lately about the end of the petrodollar and you and i talked about this a couple of weeks ago when uh it was on a sunday that um and we talked about on the following thursday the fact that saudi arabia announced that they were going to be selling directly to china not going through the dollar they were going to just use their local currencies and that type of stuff and we said well that's it it's over and now a lot of people are talking about that the date was june the 9th it was like 50 years almost to the day since they had their agreement the one thing that i wasn't sure of and i'm still not sure if it was actually like a a formal treaty or something or if it was just kind of a de facto agreement a handshake or

something but it went on for 50 years and on the 50th anniversary uh they started selling uh with with china and uh they're also going to be a partner in this new cbdc that is set up on top of the chinese yuan and that's being run through the bank of international settlements this is going to be huge it is and it's absolutely amazing that i mean we've been talking about it for a couple weeks now some of my listeners are probably tired of it but i'm like this is this is huge and the mainstream media almost completely ignored it on my show last week i said i found a lone article just kind of out there in the periphery no one was talking about in the mainstream you know mentioning it and uh like you said it it's hard to really drill down to see if there's a formal agreement i know that we had a lot of communiques with with the saudis and especially 1973 with the oil embargo and the

rest we went off the gold standard in 71 they were looking to do this that's what in my research i think that's kissinger and nixon and uh john connolly who was head of the the treasury you know when we went off the gold standard i think they were looking to do something to peg the dollar to something. But it's interesting that we got, you know, 50 years down the road and there's nothing. Our government completely ignores it. At least that's how I see it. I mean, there's not there's not any talk of it. There's no press releases or anything.

Now, you know, if you look and there there was an article on kitco some of the stats that come out about the petrodollar are absolutely fast not just saudi but 80 percent of all the transactions that go on around the globe in crude if you're buying crude oil are denominated in dollars so if one goes i think it's a domino effect oh yeah and we talk about money velocity and and people are always asking, why don't we have hyperinflation here? How is the dollar still going after all this abuse? Well, it's because it's used around the world. And I know this is, again, people have normalcy bias and then there's the mainstream media who never talks about this. It's always the stock

market. It's always Wall Street wall street's very myopic but really the reason the dollar is has survived as long as this is an experiment literally going off the gold standard in 71 this is an experiment the average lifespan of a fiat currency is 26 years that's what history teaches us so we've doubled that but we're losing all of the things that prop up uh this currency system and it's it's going to i don't you know we don't have uh david and i don't have a uh you know crystal ball we don't know when this is going to to drop and as far as the strength of the dollar and the rest but you can see the uh the storm clouds on the horizon for uh the supremacy of the dollar just not looking good

especially when our government doesn't have any plans to you know they're not brokering any deals here in our favor they're not even trying to make a mistake so it is interesting to watch david and you know the point that you're making about how you just don't hear anything about it anywhere even in most of the alternative media that was the very first thing that brian shulhoff he said he said look it's not even zero hedge is not talking about it you know zero hedge alternative alternative media focused on financial stuff, they're not even talking about it. He said to find more of a discussion on this, he had to go to the Business Standard out of Bangladesh to get a discussion of this because nobody is covering it not even the alternative media everybody is so focused on the uh you know the the reality tv show of this presidential election and all the uh crimes against each other and people being jailed and everything uh nobody's talking about the

financial foundation of this country being rocked and it is a big rocking of the uh foundation of this country with all of this debt. Like I pointed out yesterday, $56 trillion is what the office of management and budget estimates is going to be within 10 years. And that's a very, very conservative estimate, because in that estimate, they're not imagining that the spending is going up and they're not imagining that there's going to be tax cuts. And both of those things are going to be happening. We know that's going to happen regardless of who becomes president well we know one thing uh this government and the central bank when they have a problem what do they do they inflate their way out of it that's what that's what a fake currency does it literally

the welfare warfare state they inflate their way out of a problem so when they do that folks what happens to the purchasing power of your dollar? It continues to go down. And so I think when we look into the future, you see the central banks around the world, which there's some stats coming out from the World Gold Council that's putting out these surveys they're doing with central banks. If you watch the mainstream media financial networks, they don't even talk about central banks buying gold and they surveyed most of the central bank surveys see that there's going to be a continuance of central bank gold demand but 81 81 of the central banks around the world surveyed said they see an increase in that now why isn't that headline news all these analysts across the board are talking about stocks, and they're wondering why gold is up.

Well, it's not only gold is up, but it's breaking its all-time high. As a matter of fact, checking spot prices this morning, silver broke $30 again, which it should have done years ago, but it's at $30.60 a troy ounce, and gold's at $23.58. I mean, a year ago, David, we were and gold's at 23.58 um you know i mean a year ago david we were talking gold was it like 1800. so when we were doing our the same time last year talking you know we were in the 1800s uh below 2000. so you know we we are on our trajectory and again if you're watching this to see about investments it's not that the dollars going up or that gold is going up it's the dollars losing purchasing power and people are making bets around the world on

where the dollar's headed this is uh this is a i think a very sophisticated game of chicken the the central bank here in the united states can't buy gold because it's at war with it if you buy it it's like you increase its power so this is going to be i don't think it's going to end well for the central banksters here we've got a long way to go but i think the groundwork is is being laid for it's not that bricks that brazil russia india china south africa and saudi arabia are going to supplant the dollar they're going to have some bricks currency that's going to supplant the supremacy of the dollar it's that there's going to be a basket of all kinds of things.

And I think gold will be at the top of that. All these countries trading in gold outside of the system, the weaponized dollar system that these countries want to move away from. So I think gold really is the world's reserve currency at this point. It's just that the other countries are moving away from the dollar system is going to i think ultimately crush the dollar's supremacy yeah yeah yeah you've talked many times about how and if we look at it some people are saying well this is 80 years of petrodollar well it's not 80 years of petrodollar but it's 80 years of the dollar as the world's reserve uh standard because we had bretton woods one as you talked about many times right after world war ii that was propping up the the dollar uh with gold and then when that was exposed as an

obvious fraud you had nixon and kissinger say well we'll prop it up with energy because everything was running on oil and and this was um in this article from brianulhavi. I thought it was kind of interesting because he talked about the geopolitics and the maneuvering of Kissinger in this. And how his purpose really was to, you know, the OPEC embargo kicked off because we took the side of Israel in the Yom Kippur War. Right. And yet it didn't hurt America. It hurt Europe because America had a lot of domestic production so they were hurt worse than we were we had gas lines and things like that everybody remembers that and uh you could you know depending on whether your car tag was odd or even you could

get gas on an odd or even day that type of deal so there was a little bit of rationing there's a big spike in the prices but it really hurt europe even worse than it did us, even though Europe was not the target directly of that OPEC embargo. But what his point was is that other people believe that what Kissinger was doing was kind of targeting to make Europe weaker and also targeting to break the influence of these European oil oil companies like bp or shell or other ones like that and to put the united states into that position and uh when i saw that they didn't make the analogy to what's going on in europe right now with the natural gas pipelines from russia but that's many people have said that's maybe the underlying issue with this russian war a big part of it for the biden cartel people you know to break europe again on that energy issue

and so at the time they put this together they got all you know the united arab emirates and qatar and libya iran kuwait, Iraq, all these different ones. They brought this in. It wasn't just the Saudis. They all were doing this. And now, as you pointed out before, Iraq is saying, well, we're not even going to allow the U.S. dollar to be traded here. I mean, they're turning against the dollar with a vengeance because the way it has been weaponized against everybody. Isn't it amazing? weaponized against everybody isn't amazing it reminds me when i look at biden uh that that clip

from star wars where princess leia says to uh uh to darth vader you know the the tighter you squeeze the more this is going to come through your fingers or whatever like you know like water or something it's something to that effect i'm paraphrasing it but you know that's really what is happening the tighter that biden tries to squeeze everybody the more this all slips to his fingers it seems like well it's true and you know the again the calls are coming from inside the house we know that the reach of the world economic forum the globalist really is the deep state here in the united states that's why you talk about kissinger setting up american influence that's kind of bizarre now if you think about it because nobody here in this government's trying to set up

American influence almost anywhere except for places that like Taiwan for example what is that it's schizophrenic we you know we seated Taiwan to the Chinese in 1979 officially we broke diplomatic relations with Taipei that's an official document with Zygmunt Brzezinski and Jimmy Carter. Nixon and Kissinger gave Mao a verbal promise on Taiwan in 1972 saying it's a one China policy. So we abandoned what we used to call Formosa during the Cold War. So it's interesting looking at the agreement that you talked about kissinger setting up you know our really our first relations with the house of sod and american influence goes back to around the times of breton woods and the united states and franklin roosevelt and saying we'll give

american protection for for this uh you know middle eastern oils we've had that that connection for for decades and decades but it's interesting now to watch it wane in the face of losing the petrodollar. And you've got to think about, Kissinger wanted American influence there. What is the issue now that we want? It's complete chaos. It doesn't make any sense unless you're talking about taking America's influence

and destroying it from the inside. That's the only thing I can think of. I mean, this is conspiratorial conjecture. Well, you know, Kissinger was also heavily involved and always there with the Bilderberg Group. And he also opened up, he and Nixon opened up to China. And I think he was trying to have an American dominance, was really kind of a stepping stone for these people,

to then be able to transfer it over to China. All they care about is being in charge. They have no loyalty to anyone or any nation, right? They just want to make sure that they're in charge. And so I think that their concern about making America great was just a transitional period so that they could get what they really wanted out of China. China is the perfect model for them. It's a corrupt, authoritarian, totalitarian regime, slave labor and all the rest of this stuff,

counterfeiting, piracy, all the rest of this. I mean, China is the perfect model for them. When you're talking about, by the way, when you're talking about Taiwan, I think I got an insight into why this is starting to get so important to them. It's been said for quite some time that Taiwan is incredibly important in the semiconductor industry, especially in the high-end chips.

Yesterday, as people were talking about NVIDIA and the fact that it's gone up since the first one on the stock market in 1999, it's gone up by 600,000 uh that nvidia has only one manufacturing facility that makes all of their chips now that it is the world's most valuable company and that one facility is in taiwan so there you go that's why they're gonna protect taiwan i guess well it's a huge pivot you know foreign policy wise you know if you go back to the the 1970s we opened china and again you don't see these kind of moves anymore which is very alarming if you're if you're paying attention to geopolitics we're not making any moves on the grand chessboard except for things that really put us in a a fast track for kinetic warfare which is that's why I'm alarmed by it.

That's why we're talking about it. It makes no sense. And I think you're talking about some of those, the plants there in Taiwan, from what I've read, that they've got like plans to self-destruct. They've got, like they can push a button and all of a sudden it destroys everything,

if that's true. And, you know, is China going to make a move on that? I don't know. That makes me think, I don't know. That makes me think. I don't know if you ever saw the Peter Sellers film, The Party. He's an extra on a movie, and he's like taking his life. He leans, and they've got this one take where they're going to blow up everything. And before they get the camera rolling, he's an extra, and he just pushes the button by mistake and blows everything up.

I hope that doesn't happen in Taiwan. Bring back Peter Sellers. Take the whole thing out. button by mistake and blows everything up I hope that doesn't happen and then Taiwan bring back Peter Sellers take the whole thing you see too that um the Chinese president has been talking about how the U.S. was trying to to goad them into war yeah did you see that was a headline I think on RT a couple of days ago so you know we're this is a really strange time you know whatever is happening with the global markets and everything else and where payment systems are going to be i'm over here i'm watching both the fronts of the the currency war and the actual hopefully not but

that's what looks like a kinetic war that that uh that they're trying to manufacture right now david well you know as part of this uh article to bring it up to the current time, we're talking about the fact that even though the Biden cartel has been unable to sign any deal with the Saudis and they're going with the Chinese on the financial stuff, their fallback position was to try and they still haven't secured even this was to try to make sure that uh militarily we were still going you know that was one part of the petrodollar uh we'll sell you all the advanced military equipment we've got and your part of the deal is that you're going to make sure that the oil is sold in u.s dollars but now what they're saying is well let's still do this military deal uh don't have any chinese bases there and we'll give you access to um all the military stuff because that seems to be our only product anymore is war and i don't know how that's going to continue to uh to operate i mean we're we're at the point where this this country has

become so spoiled with um and soft with all this stuff it's just like boeing i don't know how how long we're going to be able to maintain any technological dominance and even if we have technological dominance in these things is that going to be enough i think that as gerald slenty has always said you know whenever we when people lose everything uh you know they lose it and uh when it gets really bad the government takes us to war well they've already declared that their intention the technocrats intention is to take everything from us so it's therefore uh their intention to take us to war as well i think you're right you know the imf has been warning that uh ai is going to uh is creating massive inequality it's going to create a

unsustainable inequality it'll be the scapegoat yeah it'll be a scapegoat but that's i think they'll blame a lot of things on that it was a tweet i saw on gold telegraph and he said actually it's central banks that are creating inequality and they do that they do that again you know getting back to your point if you really want to you know a thought experiment what saves this system what really props up continues to this is in 80 years on after breton was the end of world war ii you know america was was five percent of the world's population we're still about that at 50 of the world's wealth europe was in ashes japan was in ashes and we were rebuilding the world you know the new economic world order came out of breton woods new hampshire and we've since

broken those agreements. We created an experiment with our currency in 1971. And you mentioned, you know, we mentioned, we talked about the oil embargo in 73, and that's when the petrodollar started. That's also the, you know, you're right, David. It's not, it's not these, these deals that were brokered, whether it's the SALT treaty with Nixon, the Strategic Armed Limitations Agreement, whether it was Reagan with Reykjavik or all this, you don't see these kind of deals made anymore. But it was really just, I think, in a continuation to prop up that system long enough. It's like they can build golden parachutes because 1973 is a very pivotal year. That's the beginning of the Trilateral Commission.

And you know that the technocrats, you're exactly right. There was a pivot towards Asia. That's why China was built up. That's why we brought in NAFTA here in the United States, the North American Free Trade Agreement. Ross Perot said it was going to be a giant sucking sound. Never before in history have you seen, and I've got books on my shelf. I've been fascinated since I was a kid. But Pat Buchanan wrote a book in 1997 called The Great Betrayal. And this was in 97, just watching that manufacturing disappear, watching these multinationals grow richer and richer as they moved away from the United States. That's why multinationals and corporations here don't fight for lower taxes. They don't fight for

lower regulation. They don't care because they can just move around and throw these workers into a Darwinian contest of survival of the fittest within places like China. You're right. It's the perfect model of authoritarianism, dystopian technology combined with the communist state to create a top-down system that the technocrats love. And the globalists, whatever you want to to call them they're all melded together so america was like put on this trajectory put on this chopping block to siphon its wealth away and uh and so you wouldn't notice so they give you all these products and they do bread and circus you know you can put your money in the stock market or what you know generations before that's it wasn't not a lot of people did that. If you were in stocks, it was kind of this, you know, it was a niche deal. That was a business for you.

Now they've got people in all kinds of products. There's, you know, 1974, David, it's the, the, uh, the 401k was born. The IRA was born. They had to do all these things. So you wouldn't quite notice that the fact that you can't save your currency anymore, and they're building this massive debt bomb you mentioned the congressional budget off 56 trillion dollars we're at 130 percent of debt to GDP right now yeah and every 90 to 100 days we go a trillion dollars in debt it took us 200 years to do that so getting back to all of this and what we're talking about like these little warning bells going off whether it's taiwan whether it's ukraine and again the fact that nobody here in this whoever is in charge you got macchiavelli and mike he does look like a little skeeving

little backstabber doesn't he yeah well he acts like one he has actually stabbed us in the back multiple times already but he kind of looks like one you know just actually stabbed us in the back multiple times already. He kind of looks like one, you know, just like he's got that he's got that that look about him. And I just think, you know, this is there's nobody talking about any kind of fiscal sanity. So we the people, if you're paying attention, try not to try not to get so engrossed into the hype, whether it's Hunter Biden's conviction or Trump or what's happening with election. I could care less about the election. Honestly, I don't think any policy will change. I know that upsets people. I lose listeners. I don't see any way that any real policy changes. I mean, you have Trump talking about crypto, but let's not forget, I mean, under Biden, you had the Bitcoin ETFs. Biden doesn't rule that. Larry Fink from BlackRock does, folks. It doesn't matter what

Trump wants on crypto. I'm sorry. I know a lot of my crypto friends and I like crypto and I love Bitcoin. But, you know, policy is dictated by the banking establishment. Policy is not dictated by the president. I mean, unless you actually had a real active president. But I mean, come on, who's really going to do that? It's just like saying I'm going to get rid of the income tax and we'll do all the taxes of the border you and i have talked about that i think that would be uh superior to what we have but there's no way that's going to happen because there's too much vested interest there it'd be too disruptive and of course it's just a campaign promise and we've seen the record of how he handles his campaign promises he's not uh any more interested in and fulfilling his promises

to us that he makes during the campaign than the promises that he made to his wives before he got married to them uh let's talk you mentioned ira i got a question here um i've got a couple questions for you uh this is from colton kimberly uh for tony question can you explain a little bit about the gold ira my employer matches my contributions to my 401k and human resources says i can't change to a gold ira well that's not really true right they may not make matching contributions into it but if they put it into another ira he could always roll it over into a metals IRA, right? Absolutely. If you've got an existing 401k now, because of your employer's procedures or whatever it might be with the company that they're with, the HR system, you may not be able to do much

with the 401k that you've got now. You can ask your 401k manager if you can put it into gold stocks. I've seen that where you can at least get into the silver and gold mining stock arena with with your 401k but what you could do is go ahead and set up your gold and silver precious metals ira now so it's ready to go and when you're ready to roll over like when you eventually you're going to own that 401k i mean if you're going to move jobs or whatever under that print or you can withdraw from it now and put it into a gold and silver ira without penalty yeah if you're if you're vested in it you can if you're vested in it can you roll i don't know i'm not even counting i don't know but maybe if you were vested in your 401k maybe at that point then you can roll it

over into another instrument i guess maybe yeah so if you've got an existing 401k, you just set up a precious metals IRA. And then once you've got that, you can roll it over. Like you can, you don't have to do it from, you know, if you've got the entire balance, you could take portions of it and move that over into a precious metals, physical precious metals IRA. And again, that's the reason you do that. It's from product to product. So you don't incur a tax penalty. It's just going for, it's just like moving an account balance, and it's all above board. We have a company called New Direction Trust that we work with, and you definitely can get all your questions answered there. And I guess really the issue would be is can you, you know, 401k is different than an IRA.

If it's in an IRA, of course you can roll it anywhere you want to do. I don't know if you can get it out of the 401k into some kind of an IRA if you're vested, or if it has to stay there until you separate with them or something. So that would be the question, I think, the central question about it. Junior Barner says, Tony, I want to buy gold. Why don't you take money orders?

I do. Oh, okay. Absolutely. Just mail mail them to me i need to know who you are don't make sure i have a return address and your phone number i'll take money orders that's fine okay good uh atomic dog tony do you see or know of a reason for the recent dip in silver prices that happened over the last month well it's just gone back up again right is that correct yeah it Yeah, it's up over $30. I think this is the highest it's been now. Again, we're matching where we were a couple, three weeks ago. It's just some profit-taking. I mean, that's really what it boils down to.

There were some large entities and some, well, there was some profit-taking. And then a lot of people, they'll hold on to their silver for years if they have to. And silver has been so depressed for so long. David and I have talked about that with, you know, J.P. Morgan getting convicted of suppressing the silver. There's some large entities that have an active role in keeping the price of silver down so they can accumulate. So when it does break through, a lot of silver floods the market. But I would look to see, you know, I would expect silver to continue doing what it's doing right now. I think there's just too many deficits, as we've talked about on this show many times.

You know, I think the deficit last year was close to 200 million ounces that were missing so like the above ground supply had to be eaten into to just just to fill orders for you know not only technology but medicine and monetary issues and all the rest of that jewelry so the the deficits expected to be something like that this year so that cannot go on forever i mean there's hundreds of millions of ounces and deficits can't go on. And the demand only increases, whether you're talking about solar or monetary issues. Yeah, just two days ago, this headline on Kitco, can silver prices sustain slowing momentum in the green energy transition? And so, you know, that's the question. As you look at them being consumed in the, being consumed in the solar panels and things like that,

if that slows a little bit, that might slow silver, but they're continuing to push that pretty hard. So between that and other electronic uses, I think that's going to continue to be a real push on the prices of silver. And then we have a couple of predictions from a couple of different banks. Wells Fargo is saying in terms of gold, gold price will churn for the next six months and then rally back to record highs. That's their take on it.

And if you look at another bank, Saxo Bank is saying gold and silver are caught in a prolonged consolidation, but prices will head higher. I think everybody understands what the fundamentals are. They understand what the fundamental problems are with the American dollar and what is going on in America. And I think that they're looking at gold and silver. That's why they're looking at it after the election, because there's going to be a lot of distraction and manipulation before the election. But I think it'll be after the election that you're going to continue to see this go. Yeah, I think the wheels are off as far as like cheap metals in our lifetime. And you may see maybe one more dip like we saw in the first quarter of 2020 with the lockdowns.

But, you know, that's that's when uh silver went down to like 12 13 an ounce and people were calling me trying to lock in trades and i couldn't lock it in there was there was no silver to be had i mean that when the prices go down like that it's it's not real the same thing with gold with central banks buying david this you know 2300 an ounce gold i think we've reached resistance point you're never going to see i mean unless there's just a massive depression or something something crazy happens in the market two thousand dollar an ounce i mean that's when you know i remember when i was hosting for you filling in four years ago uh august 6 2020 gold broke its all-time high

i was live on air hosting your show in austin and i had gerald cilente on that day as of all things i'm just watching that happen and you know then that they went on for years with dipping under 2000 and all of a sudden you see this year this last this last eight months or so and it's just all-time high after all-time high i i think we're in the age of gold there's the dollars waning all the things that we've talked about and you you know again you turn on the financial networks they have no idea what's happening what's the why is the demand of gold up i mean um my friend charlie robinson host of macroaggressions sent me an article today of the gold bar vending machines

uh in i think south korea they have gold bar vending machines and my brother sent me a video yesterday of an actual gold back atm that they're about to roll out so they're going to put these in like major retailers where you can buy gold backs just with your credit card and they're just going to dispense it out of the atm the the the demand is something i never i didn't think i'd see this soon i i thought it was going to be something I, you know, as I start to retire, you know, there would be this, this awareness, but it's happening a lot faster than I thought. And you're just seeing regular people that have never thought about their currency before starting to pay attention. And that's, that's, and if, if Americans are paying attention, that means that the rest of the world has been paying attention for years, you know? That's right.

Yeah. When we look at this, you stop and think about it, you know, going back to Bretton Woods, too. Right after World War II ended, this has been going on pretty much longer than anybody who's anybody's living memory. You'd have to be way over 80. You're still a child, you know, when this thing was established. So we haven't really lived in a world or in an America where America did not have the dominance. And this is going to be a very different thing. I look at it and it's going to be interesting times, you know, it's going to be, it's going to be an opportunity, plus it's going to be danger. It'll be an opportunity for us to

get a little bit freer, I think, from a federal government, because that's been their superpower to be able to bribe and blackmail people with that money. But it's also going to be a very challenging time for us economically. And one of the things in this article that Brian Shulhavi had, he had a report from a guy with the Atlantic, and he said he actually went to Saudi Arabia, and he talked to a lot of people there about America. Many of these people had been educated in the United States, spent a great deal of time there, maybe got a PhD or whatever. One guy that got a PhD in America, he said, America is just coming apart at the seams.

And I hate to see it happen because I really love the country. But that's the view from the outside. And that really is the view from the inside if we pay attention. And so with that happening, and with the fact that it's not just the loss of the petrodollar but it's this new thing that nobody has ever seen before nobody in living memory has ever you know seen a situation where america is not the reserve currency and none of us have seen anything like what's coming with cbdc that's why i lean toward gold and silver because i want to be i want to have something that is outside of that control system. And I want to have something that's outside of this system that is going to rapidly collapse at some point.

We don't know when it's going to happen, but it's inevitable that it's going to happen. These are two things that we've never lived through. And so we don't really know what's going to happen, but we've got a general idea that's going to be very difficult, especially if your only assets are dollar valued. I think that's right. Gold, silver, Bitcoin, if you're comfortable with that. But, you know, the thing is, is that it's going to happen. And the CBDC stuff, I think one of the most ominous things about it is that not only did Saudi Arabia leave the petrodollar, but they jumped in with the Chinese on a CBDC thing that is attached to the Bank of International Settlements.

The worst case scenario. The central bank of central banks. That's where all the gold went in 1933, folks. These are old institutions. They've been planning this for as long as I can remember. I started researching. The first time I went on your show we talked about the the cover of the econ economist magazine from 1989 says ready for world currency they've been talking

about this for years now they have the technology they got blockchain somebody asked me the other day said don't you think bitcoin um is like a setup to get people interested in in using electronic currency and cryptocurrency and then they're going to transition into the central bank digital currency i said actually if that that was their plan it's going to have a huge backfiring uh and because again the people that like you look at nigeria they rejected the central bank digital currency they they loved bitcoin the banksters rolled out the cbdc they rejected it and what it does i think a lot of this the conversations that we're having now i'm very optimistic i think we have and i i'm glad we have the challenges that

we do i think god has us here for a reason if i can go so in so far as i say i think we i think it's it's pure evil uh that we're up against so know your enemy um but just be thankful that we have an opportunity to show you know an. I think that's the best thing. The elites have no alternative. So if you're talking about central bank digital currency, we've been having this conversation about crypto and gold and silver for so many years now, and especially with the loss of everything with the trust in the dollar system, people are asking questions.

This is good. People should ask questions. It should be a better conversation because when you ask those questions you find out how fake the the whole system is and how evil the central bank it's evil that's what it is it's not it's not economic it's not it's it's not political it's pure satanic that's what it is they want to control everything you do they want to shut down dissent it's the end of politics it's the end of history but the good news is you see people decentralizing all over the world yeah you know how are people going to go from i'm i want to collect gold beans you know for my future and i can sell these on the exchange or i've got something liquid and i'm hedging against inflation

and uncertainty to oh yeah i'll download this and this will be you know this is my social credit score currency i don't see that i mean it's going to be a it's going to be very difficult for them to sell this they can force you they can force you all they want but I don't think that it's going to be something that is going to ultimately be a success in the way that they see it as long as we resist and build the parallel systems you see the states here in the, in this country start to build their own, you know, golden silver vaults and exchange systems and make gold and silver legal tender places like Oklahoma have passed a massive deregulation on

cryptocurrency, which I love to see. And that's real crypto in some places that are even looking at other states. What's it we're talking about last week with Nebraska that, you know, they've made it illegal. They're going to make it illegal for you to have a central bank digital currency. I love this. I love this.

These headlines. And so the awareness is there. I'm not I'm not doom and gloom, but I am. I am vigilant. I think that we've got to we got to continue to fight and build better systems. Yeah, it's going to be very interesting times. It's going to be difficult times, and you need to make some kind of preparation, lots of different things, learn how to grow food, learn skills,

get into something that is not under their control, whether it's gold, silver, Bitcoin, anything like that. The more of these things we've got, the better. I mean, I don't want it to all be in just one thing because it'll focus everything on that one thing. So as long as there's multiple things out there, that's fine. Whatever you're comfortable with. And again, one more comment.

This is from Jason Barker. Gold and silver will never reach their true price until the ETF bubble is exposed. What do you think about that? Well, I think he's 100% accurate on that, and I think that'll be sooner than later. And it's because, you know what i'll make this really short what happened in the 1960s if you look back on it was glaringly obvious now but i don't think

people really saw it what was happening as for its true value i see a lot of commentators starting to pick up on this something i've been saying for years but we took the silver out of our coinage in 1965 and it was something pretty obvious i mean you can tell the difference in the coins um you know so uh dimes quarters half dollars that used to be silver uh they just became debates you know nickel and copper so all that silver you know all that monetary wealth is just transferred out and so other countries started to take notice and we had you know the uh lbj and the great society on the mekong guns and butter all that we were paying for that president de gaulle of france sent his warships over to collect the gold in 1967 because he wanted

to repatriate you know american dollars because we pegged the the dollar to go 35 an ounce at breton woods with where the world's reserve currency and you could always exchange it for gold so de gaulle sent the you know from from France and his warships over to collect it. That was a statement. It's like, we're going to pick it up with our Navy. And the rest of the world started to look around. And so Nixon closed the gold window in 1971. So it's very much akin to what I think will happen with these exchanges and ETFs and the rest,

is that you've had people investing for so long when you cash out of gld and or any etf that's gold back they don't send you a gold coin they send you fiat so you know a lot of us have been saying and you can look up stewart angler's book uh that i've had him on my show called Rigged. It's about this, you know, and there's a whole organization of people in finance and people in the gold industry that have been suing to get more, you know, more of the records and show, you know, where the central banks are colluding with the bullion houses. Because I said earlier in the broadcast, the dollar's at war with gold. That's why we're, all these central banks are buying gold ladies and gents

but we're not we're not buying gold because we would add so china has a vested interest in buying gold because it drives the price of gold up and when you drive the price of gold up you expose what happens what happened to the dollar and you know it's now a gold close to 2400 an ounce again it's glaringly obvious that we've lost control of something. So to answer Jason's question, I think that this will happen, and it could be a gradual thing, or it could be a shock where somebody places an order, and they can't fill it on the comic. So it's going to be something interesting to watch. Yeah, it is.

It is. We are in interesting times. The old Chinese curse. May you live in interesting times. But we're not worried about that. We'll just do what we can. And you've got a program that follows immediately after this program, right? Yes, sir.

Arterburn Radio Transmission. Once a week here on Rockfin. If you're watching on Rockfin on the America Unplugged channel on my Twitter at Tony Arterburn and FreeWorld.fm We'll probably just continue this conversation. That's what i did last week i got some other articles to talk about but uh always love seeing you david david knight dot gold i don't want to keep you forever david knight dot gold uh the wolf pack we've got some great uh deals going on now with the prices going up i'm still i'm kind of even when prices increase david i'll wait a couple

of days on invoices so you can still get yesterday's prices. So you can go check out DavidKnight.Gold and check out Wolfpack. We've got a lot of great deals going on there. And promo code 1776 for constitutional free silver. Thank you, Tony. I really do appreciate what you've done to support the show. And it's always important, just as we're talking about with the ETFs, the paper gold, the paper silver, and so forth. It's important to have somebody that you can trust.

And so I've known Tony for a long time, done business with him for a long time. Thank you so much for what you do, Tony. It's great to have that resource there. DavidKnight.gold, take it to Tony. And right after the show, don't miss his program. Like he said, he's going to continue this discussion let me tell you the david knight show you can listen to with your ears you can even watch it by using your eyes in fact if you can me, that means you're listening to The David Knight Show right now. Yeah, good job.

And you want to know something else? You can find all the links to everywhere to watch or listen to the show at thedavidknightshow.com. That's a website.