The David Knight Show - INTERVIEW Real Money vs Fake Jobs, Fake Economy

Episode Date: August 22, 2024

Every quarter govt lies about jobs, revising previous quarter down and inflating the current quarter.  But this time was nearly a record.  This revision will be used to justify lower interest rates a little for dragflation. But what happens next in the US?  The global financial system is changing at a whirlwind pace.  Tony Arterburn, DavidKnight.gold joinsFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

all right welcome back and joining us now is tony arteman of wise wolf gold and tony has kindly set up david knight dot gold that'll take you directly to him and let him know that you're coming through us and of course you can buy gold and silver from tony and you can small or large amounts you can also set up a regular savings program to start buying gold and silver. You can become part of the Wolfpack. Pick an amount that you want to. He's got different levels there. You pick one of those levels and you save that much each month

and he sends that directly to you and you get the advantage of a buying group. So he'll send that directly to you. A lot of, I've got a lot of experience with Tony over the years, a great guy to deal with. I highly recommend him. And we're going to talk a little bit about economics and things that are happening from the government and the outsized footprint of the government

on us. Thanks for joining us, Tony. Oh, it's always great to be here, David. Thanks for having me. Yeah, economics or lack thereof. That's right. It's hard to call it economics, right? It's anything but. Well, of course, they pretend that modern monetary theory is economics, but it's not at all. And, you know, this is

one of these things, it's kind of interesting to see how much they lied to us last quarter about the uh jobs that were the new jobs that were created and um zero hedge is really excited because they called the lie uh when it was first put out by the government back in march they called it almost to the dot they said they've over inflated this by 800 000 jobs and now here we are a couple months later they're getting ready to release the new figures they revise the previous quarters figures and they say we over reported that by 818 000 zero had said see we told you 800 000 we almost got it precisely the amount and they but they do this every quarter don't they tony they will always put out

labor numbers and then that look better than they really are in this particular case this is the second biggest revision in u.s history the other one happened in the midst of the great recession in 2009 so that tells us something as well but they always put out these numbers that make everything look really good and then the next quarter they revise those down to make this quarter's numbers look even better as they're lying to us about this quarter's numbers as well well that's right they always do that yeah and that's the the mockingbird press is the same thing with uh headlines and then they get it wrong and then they'll bury it with a retraction. But these numbers support the fake markets. That's why they're used and abused like this.

And they throw these things out there. They'll use that to borrow against or put futures on something or short something else. So it's really, it's not even about the truth. As a matter of fact, it always reminded me when I saw that report come out do you remember uh during the the height of the biden mandates uh for operation warp speed when all these corporations were laying people off for not getting the jab and they came out i think about two months later and said look millions of jobs have been created and almost no one got the correlation i thought well you're watching you know, these same people that told these corporations, you got to lay these people off.

This is mandatory. So they were laying people off and there was millions of job openings. They said, look at all the jobs we created. You fired people. And they use that, those statistics to show that they had a strong economy. That's how fake it is.

Oh, it just, it never ends. As a matter of fact, it said, you know, back in 2009, it was just barely bigger than this lie. There they said it was 824,000 jobs that didn't exist, and they had to walk it back. And they said this time it's 818,000. So it was almost exactly the same. And, of course, that was with obama and um you know it was obama who famously said you know we had this many jobs created or saved and everybody said or saved what does that mean that you can you measure the jobs that you saved they're just making everything

up are they it's totally all made up yeah all the numbers yeah i mean we're waiting for i mean it's it's really bizarre david if you if you boil it down you know the the fed uh the federal reserve has such influence on our economy we're all waiting to see what's going to happen with jerome powell jackson hole but if you really stop and think about it take all the hype out of it you're just waiting to tell it's for a bankster to tell you when they're going to have more inflation that that's what the markets are cheering for these these uh three uh rate cuts that are supposed to be announced here at jackson hall and supposed to be i think october november december uh rate cuts of 25 basis points but that what that is ladies and gentlemen that's inflation they're

gonna they're gonna create currency they're going to devalue your currency, and the markets and the establishment are cheering that on. You talk about how they manipulate the economy. That was one of the points of the Zero Hedge article. They said, well, how would the stock market be different today? If back in March, five months ago, they would have told you the truth about the jobs actually, you know, a million less jobs created. The stock market would have been much different than it is right now. So that's one way they can manipulate it. I remember a friend of mine who we had a we had a party at our house and he came over and his brother was visiting him and came and he introduced me to his brother and and who was a vice president at a bank

which is typically the title that you've got if you're a branch manager they call you a vice president and he says so my brother is in banking he says you got it all wrong about the the federal reserve he says tell him he goes yeah the federal reserve doesn't do anything except clear checks i said seriously it doesn't manipulate the economy with the information that it puts out or with the interest rates with quantitative eating easy you know he just he didn't know and stuff i mean i didn't argue with him it's just oh okay well i guess i was wrong um it's so easy for them to manipulate the the economy one way or the other and that was some of the things that were being said by the senators who opposed the

creation of the Federal Reserve back in 1913, saying that it's going to be able to manipulate and create boom and bust cycles. It can put out false information. They can trade on that and make money. I mean, I wonder if Nancy Pelosi made some stock moves when the Federal Reserve was lying. But I'm sure that the people inside the Federal Reserve who knew better and the people inside the Department of Labor who knew better putting out these false job reports, I'm sure they all knew that.

Traded on it. It's amazing how many people in the banking industry don't know about the origins of the Federal Reserve, what the Federal Reserve actually does and controls the money supply. I've had bank presidents do business with me, and usually they're just selling to me they're not buying from me that's it that's another interesting thing like people in the establishment banking order they're just getting rid of stuff like oh i got this these silver dollars i've you know this is something the banks had for a while or i got this gold that i inherited they're getting rid of it and then i'll say what do you do and they'll to be in. And this has happened to me more than once.

And I'll start talking to them about this, about CBDC. They don't know about that. They don't know. They don't know about that. Well, they might know now it's become more headline, but this has been over the last few years. I run into those people all the time. You were mentioning the nineties and Newt Gingrich earlier in the show.

And it reminded me of conversations I had with my dad at the time. We were talking about the stock market right before the dot-com bust. And he started talking to me about how the stock market actually works and about how his business would be compared to the stock market because he had convenience stores and real estate and did some banking. And he said, if my business was valued at a thousand times earnings, it'd be in the billions. So look, and he was telling me, he's like, look, this is how these, these businesses are measured on wall street. He's I don't have nothing in stocks. So I've always learned from my dad. I don't, I don't get into the stock market. I don't buy paper.

I invest in things that I can control and I can see. So I learned that lesson early on. And these statistics and all this stuff that comes out from labor, it's really irrelevant because so much of the business that goes on in Wall Street, it's hard to determine what is actually real. You're talking about, again, a thousand times earnings for valuations. This is nuts. And they've been doing this for and it's worse now i think a lot of the companies in the 90s were a lot stronger especially after the the 08 debacle you still have hundreds of zombie corporations literal little zombies that they should have died in 08 09 but

they're propped up because of all the the financial infrastructure that flows through them for the banks that they chose uh to keep around you know the ones that were too big to fail not like lehman right lehman and some of the others that were on the chopping block and um i think there was something i laughed about years ago there was uh people say well the banking industry is too big to fail i go well some some of them some of them failed because there's you know i remember there's an old washington mutual they got turned into a chicken joint uh there in north texas where i used to live well for several years after they created this um you know it was uh dodd frank i

think or barney frank the dodd frank bill but it was also um elizabeth warren who got involved and they created the consumer financial protection board and after that it made it that made it even more difficult for the small and medium-sized banks and I remember Drudge before he went to the dark side he was talking about every year you know several hundred banks he would at the end of the year he'd talk about how many banks and he'd link to an article about how many banks had gone out of business that year. Of course, not the big banks. It was all small and medium-sized banks. And for the most part, they were regulated out of a lot of these businesses

and then pushed into commercial real estate where they could make a loan. And now they're going to be slammed with that. It truly is amazing to see how this whole thing has rolled out i thought it was also interesting that nicole shanahan you know the running mate of rfk jr uh was talking about that this week talking about how they fake uh every quarter how they fake the labor the statistics but of course everything is fake i used to always use the labor uh jobs reports as another example of how the government lies to us when i was talking about all the covid cases i said everything they tell you is a lie you can't depend on any of it and yet the stock market is such a bubble and and so much of the bubble has been poured into these ai companies the magnificent seven or whatever and especially around ai and um and that you talk

about something that is um trading it at unbelievable multiples of what it's actually worth that is the big bubble right now it's going to be the ai bubble it's going to burst absolutely yeah it's all a bubble i mean in the news what's so interesting is these headlines coming out about Jackson Hole, the rate cuts, what's happening with the markets. That's a distraction. The actual news is what's happening between countries like Saudi Arabia, China, Russia, Iran. What's happening in energy? Venezuela looking to join the BRICS or their financial networks. If you're paying attention attention you see what happened

to the petrodollar which was not on the mainstream radar it is fat it's approaching fast the downfall and decline de-dollarization of the world's reserve currency also known as the dollar we're losing the petrodollar system we We lost the agreement. And 80% of all the energy transactions that go on around the world when involved in crude oil are done in dollars. These countries, they're brokering deals right now for cross-border payments. Countries like China, countries like Saudi Arabia, they're doing it now. Of course, Saudi Arabia joined BRICS. So it's not going to be tomorrow. But that's the headline.

And what you should be paying attention to is not the rate cuts. And it's definitely not the stock market in here in the U.S. It's not Wall Street. It's what's happening with our currency. Because all of that will get, all those dollars will be repatriated. You know, the Chinese are selling off U.S. debt. They're buying gold. It's debatable how much gold the the chinese actually have as a

matter of fact their uh their former province and maybe uh future um province taiwan uh they just announced they're going to be doing a a gold back currency with their gold reserve they got about 400 tons of gold they started buying gold in the 1970s and they're resetting their own currency and getting away from the dollar even taiwan yeah and so this is happening around the world that that's the news that's what to watch uh everything else is a distraction and the clock's running out and of course it's how incredibly suicidal and stupid our government is because you talked about how uh look um you know uh moving oil and moving energy around and how we're losing the ability to do that with a petrodollar we've got a government doesn't care about the dollar and it doesn't care about petro and it

doesn't care about energy it doesn't care about manufacturing therefore and it doesn't care about us even being able to afford to heat and cool our homes because it's just the utter contempt uh for energy that is shown by this government and it's just part of that is reflected in their contempt and disregard for the petrodollar who needs it right we're just going to manufacture what we need out of out of thin air i think it is deliberate i don't think it is uh stupidity i think they're absolutely trying to sabotage this country in every way they can especially when look you look at the the energy stuff now they're all jumping on the bandwagon of nuclear energy uh but that's just

going to make things more expensive they they want to they want to ban what we have shut down the plants that we've got build something completely different and it's going to mean that even if we get these things built and we don't have a shortfall which i think we will but even if we didn't it's still going to put us at a disadvantage to china who's going to be able to use cheap uh coal and other things like that and they're they're building more and more coal plants they can do as much as they want that's what the paris climate accord is about it's about transferring uh the manufacturing there. So we're looking at some really hard economic times as they're throwing away both petro and the dollar at the same time with both fists as much as they can shovel it out.

Yeah. Well, as Klaus Schwab said, they penetrated the cabinets with World Economic Forum members all over the world. They penetrated the cabinet. They certainly have. And, of course, before you got there, Klaus, we had the Council on Foreign Relations and of course, the Trilateral Commission, all of these internationalists have infiltrated the United States government. And yeah, that's what they're bringing it down from the inside. They did nothing to stop the petrodollar agreement that lapsed, nothing, just stood by and watched it

happen and you're exactly right about uh i think this is a head fake but we'll build the new cleaner nuclear power plant no you won't what you'll do is you'll just disable the grid in anticipation of just not having as much power or having rolling blackouts or having to uh you know ration power it's the same thing for the electric grid with the electric cars as uh you know buddha jizz was called out on uh by thomas massey so you had the the cars it's 25 refrigerators right to every household and they don't have the grid to support it but but by all means go get your electric car It's about you not going anywhere. It's about you not having upward mobility, not being able to live in comfort,

taking down your quality of life. That's what this is. And again, it's happening from the inside. We do it iteratively, right? We do this from the inside. That's right. And already you see in Texas, as hot as it is right now, people are running their conditioning.

We used to never have all of this nail-biting and pearl-clutching about, are we going to have enough electricity to get through the summer? Are we going to have enough electricity to get through the winter? That type of thing. But when I went to Texas back in 2012, they were dismantling coal power plants at that time. It's like, this is crazy. They're not building anything new. They're just taking down what's already paid for,

what already works, and what has the cheaper fuel. And as you point out, when they put in these nuclear power plants, it's just going to be for their AI. They're not going to have any capacity that they're going to put back into the grid, I don't think. And if they do, they're going to charge us an amazing amount of money. Same thing you see them doing with food and everything else. You're going to charge us an amazing amount of money the same thing you see them doing with food and everything else you're going to have to stop what you're doing and we're going to ban

that and then you're going to buy the new uh brand new shiny expensive thing from us you talk about planned obsolescence this is much worse than refrigerators and automobiles uh this is about everything systemically you know across the across the board. That's right. And that's why I think they've opposed things like Bitcoin so much, because Bitcoin relies on a cheap energy grid, a sufficient cheap energy grid. It will move to where it can be cheap and where they can get that power easily. And it also helps innovate. A lot of these Bitcoin miners have taken old power plants and turned them around like old hydroelectric plants and turned them around and refitted them to do Bitcoin mining.

Those are innovations that, you know, I guess why I support things like Bitcoin, especially because that because energy, if you look at the worldwide map of the most prosperous countries they use the most energy there's a correlation between energy usage and of course energy supply and a sufficient grid and prosperity and when you start taking that away you become a third world country well that's exactly what's that's being done to us yeah and these things aren't even on the ballot you know for whatever this election is uh now you know it's in it yeah the vital issues like that are not even being really discussed they're not being discussed at all you know trump will give a uh a head fake nod to uh well we need to have more energy and all this other kind of stuff he left the paris climate accord in the entire time and the uh you know pretending that it had been legitimately put in and it never been legitimately put in.

And it never was legitimately put in. But it's the Paris Climate Accord that says that China can build as many and as dirty power plants as they want, India as well. And that's what is causing the fundamental inability of Western countries to be able to compete with Chinese goods now. That's one of the biggest new parts of the China price. You've got factories in the UK being shut down because they they can't uh compete they can't make metal they can't make anything um that to to compete with the chinese because um everything is

energy wise is so expensive for manufacturing because it's all energy intensive they've been given that as a monopoly if you will and that And that is fundamental to making us poor and taking everything that we've got. It's not just even the standard of living, having energy. It's also about life expectancy. We used to always make that point with a group that I was in about 15 years ago. We'd tell people, you know, this is everybody knows can tell pretty easily that having cheap available energy is going to have a positive effect on your quality of life. But it's also going to have a big effect on how long you live. And you can show that from statistics around the world.

That's right. And I was on a podcast yesterday and they asked me about Kamala Harris's financial plan or economic plan or whatever, lack thereof, whatever it is. Communism, yeah. Straight up communism. I said, what you're watching is the Hegelian dialectic. What you want,

because they'll say, this is what we want. And it'll be outrageous. And then the republicans will somewhat run against it but their job is to get about halfway there and then preserve it so the conservatives actually concern like we've talked about this before but that's really what that's the sad part about whatever this election is uh none of those it the hypocrites you know into kamala harris is putting forth and it's just outright you know uh tax on unrealized gains you know like just taxing just your assets before you even move them before there's an off-ramp into anything that's right putting a tax on that's that's just

insanity that's a wealth tax and that's about redistribution and that's what her dad wrote a book on as an economics professor redistribution well Well, how do you do that? You come after wealth. And it's the Biden administration, which is just going to carry over into a Lala wants to raise an additional $4.3 trillion over 10 years. And as zero hedge said in the worst possible way, opposing imposing minimum taxes of 25%. And then starting to tax stuff that people have not sold.

You don't know if it's a gain. You don't know if it's a loss. And there's, so they're going to start taxing that. Um, and, and of course it only be for the super rich Tony, because,

um, uh, they'll never bother the middle class, except that's the way it always works. Right. Just like the income tax. Yeah. Just like the income tax.

It was only going to be for the super rich. And so they should be taxed because, you know, that's part of the basis of socialism and communism is envy you don't look at this and say you know one day i remember reading my dad's business week when i was in school and there was a guy who was talking about he was in europe and he was taught they were talking about what they called eurosclerosisosis another fact that European economy could not grow and the guy says well you know it's because this ingrained socialism and envy that's there he said if you have a nice car and in France for example you have to worry about somebody just coming along and keying it because they don't

like it they resent it they hate it but he says if you have a nice car in America people will look at it and I take pictures hate it but he says if you have a nice car in america people will look at it might take pictures of it or whatever something really extravagant and they might kind of think well maybe someday i can have something like that you know he says that's the difference between america and europe well that's the difference really between uh what we a free market and this envy of socialism and communism it's about taking everybody down to the least common denominator based on envy and hatred. Not on aspiration.

Yeah. Well, the first they use, you know, through cultural Marxism, they went after us on, on race lines to try to break up our, our culture.

Yeah. And now that they've taken away the free market for so long and their wealth disparity is so vast, you're going to start seeing that class envy again. You're going to start seeing it's so hard to talk to these young entrepreneurs that to even start a business today with all the regulations, especially crossing state lines. If you've got something that you're shipping out, it can get really, really complicated and costly and stressful.

And it makes you not even want to attempt anything. But these large corporations, and I wish I could talk to, I don't know if you can even get through to the left or whatever operating system they're on in their mind, but I'd like to say, all of the things that you're supporting, you think you're taxing the rich, eat the rich, all this, the rich are supporting those candidates, like the richest people. If they were worried about themselves getting taxed or losing their wealth, they're not.

They've already offshored everything. They have loopholes and foundations and trust that you'll never be able to penetrate. But they don't care. They want to make sure that you don't compete with them. They're using envy against you. I wish I could talk to them instead of us having a an open playing field and allowing the best in the meritocracy to work again here in this country which would be wonderful because america has such a great spirit there's a lots of young entrepreneurs out there i see

them all the time on social media they want to make it they want to build something and in my heart's with them and this is hard work whether you're doing it whether you're doing your own show whether you're having your own business you or you've got a couple of shops. It doesn't matter. It's all hard work. It can be worth it. I guess at the end of the day, we like to do what we do. But they're making it harder on us, for sure.

And they want to create that UBI, that whole, I think, culture of the universal basic income of just giving up, which is really satanic. Yes. And I think it needs of the universal basic income of just giving up, which is really satanic. Yes. And I think it needs to be above. And it's just like the interview I had yesterday with the lady who had, she and her husband had a business for 30 years. And then the lockdown came along and Tim Waltz came along, right? And after they'd been locked down for quite some time, they said, well, it's it. We're going to lose everything if we don't open up again. And, you know, so there was about there was only about 200 businesses in the state that were going to open up in defiance of it. And 95 percent of them caved with the first letter from the state.

So they didn't stand together. They hung separately and they actually sent her to jail over this stuff. And that's what they wanted to do. They want to take the hardest working people who had set up a business typically in the service economy and destroy their life and then offer people universal basic income. Oh, here's a little small little handout. And do we talk about basic? That's what these stimulus checks were, but we're going to put everybody on unemployment. We'll give you some stimulus checks and some other things, but we're not going to allow you to work. Not at all. And we'll punish you. stimulus checks and some other things but we're not going to allow you to work not at all and we'll punish you we'll even put you in jail if you open up and work that's the thing that is so disgusting about it and that was bipartisan oh absolutely

yeah and it's really sad to watch the cult around our politics now i just tuned out because people can't even hear i remember being at the Bitcoin conference and one of the speakers brought up things that Trump had said in the past about Bitcoin. And I was with my son, my son Houston, and the crowd started booing. And then we realized, Houston turned to me and said, I think that they're booing not because of what Trump said, but because the guy brought it up. Yes, that's right. That's when I knew. I'm like, wow, I am in the thick of things. Even at the Bitcoin conference, you could hear that's right that's when i knew i'm like wow i am in the thick of things even at

the bitcoin conference you could hear that's that's where we are in our politics the partisanship is where logic goes to die that's right and uh that's where we're as broadcasters you and i are both in this thing and i'm just looking around going wow this is insane and uh when you look at what they did and and you tell people this and you hear it over and over again, well, it was it wasn't Trump. It was the bad Democrat governors. They won't even give credit to the bad Republican governors like DeWine and Brad Little and on and on. You know, it's just it drives me crazy. I've heard that so many times.

It just I'm starting to have a really quick reflex reaction to that, which is not good when I hear that excuse. It wasn't, it wasn't Trump and it wasn't the Republican governors. It was only the Democrat governors. It's like, man, I don't know. We have very unserious people for serious times. Yeah. Very unserious people involved in the political process because you won't really take a look into the behaviors and the decisions made by these politicians over the last four years, where they stood. Did they lock you down?

Did they mask you up? You know, you look at Texas busing those illegal aliens up to Martha's Vineyard, those kind of political stunts, but not closing the border. That's what I pay attention to. That's right.'s right yeah that's not that doesn't help anything at all i mean those people you're gonna spend the money to send them somewhere else the united states are gonna come back if they want uh it's absolutely insane you're not gonna protect the borders but you're gonna do a stunt like that you're absolutely right on rumble atomic dog says hi tony precious metals are way down today have you heard about the increased demand on silver with samsung's new silver battery for evs i hear demand will be more than current

world production i'd not heard of that have you heard of that i've heard of that battery and i'll also add that uh i mean silver's so cheap compared to reality even regardless of the EV batteries or solar or what the demand is. There was a 200 million ounce deficit last year. The year before that, it was 180 million. So they have to take from the above ground already produced supply of silver just to meet the needs. So 200 million ounces and it's growing. There's not enough mining going on. Matter of fact, most, I think it's like 70% of all this new silver added to the inventories comes from mining of other metals, whether it's copper or gold or zinc or something else.

So they're pulling that out as just like an ancillary side show. They're not even going and directly looking for silver. So no, the silver markets are completely skewed we learned that in the 1970s with the hunt family and uh their their empire being taken out by the deep state in my opinion because of their exposing the weakness of the dollar in the late 70s uh going into 1980 with silver at 52..50 an ounce. I was listening to a podcast yesterday. They talked about gold at the end of the 70s, you know, $35 an ounce in 1971.

It's 1980, $850 an ounce of gold. Now it sounds like, wow, gold's gone up $850 in 1980, David. Yeah. I mean, that's way more than 22,500 today by a long shot. And so we're not even at the beginning of the revaluation of these commodities, folks, because I dig into this every single day. I go into different pay sites of Intel and what's happening in commodities around the world and looking at graphs. We're not even close. If you look at the total financial market around the world, it's about $450 trillion. Gold has a $16 trillion market cap. Bitcoin, $1.1 trillion. Again, it's 450 trillion in so-called assets around the world. Most of that's in fake fiat. A big portion of that's in sovereign wealth

funds and paper. So where does all that, where did all those funds go? I'm not saying gold's going to go to $10,000 an ounce, but right, we're not even close. You look at the damage done to the dollar over the last four plus years, which is, that's when it really accelerated. 80% of all the dollars ever created in the last 48 to 50 months or so. So no, I mean, we're not even close. Silver, who knows what it's actually worth? I don't know. I just know it's cheap right now. I was at the gold and silver trading floor on Friday, turning in some stuff in Dallas, and I walked out and got in my car. I saw gold hit $2, big story is these fiat currencies, you know, denominated against gold are going down. That's the story.

Here's a good example of that. This is off of Kitco. Gold price supported. This is three days ago, the 19th. Gold price is supported at $2,500 an ounce as the U.S. dollar drops 2% this month. And that was on the 19th of August. So already, you know, you're like three weeks through and it's down by 2%, the dollar is. So as you're pointing out, it's the dollar that's dropping in value.

Yeah, it's happening rapidly. I think it's happening faster. Well, let's just do a thought experiment in some of these elites. Okay, say that we never put sanctions on russia say we didn't go russia into invading ukraine but just take that off the table say there's no sanctions uh is it is gold at 2500 an ounce say we didn't do the massive trillions and trillions of money printing through covid 1984 or the lockdowns is gold at 2500 now you could start going through,

say about the rate cuts. You know, all the rate did, if we didn't do all the rate cuts that we did, would gold be at $2,500 an ounce? Again, gold at 2,500 because of the damage done to the dollar. Not because gold somehow people just, you know, finally realized that gold's a great asset.

That's not how any of this works matter of fact the west and our markets aren't even what's driving gold it's the foreign it's foreign nations and people in in places like india and china and around the world uh but it's not us yeah we're not we're not the western even western retail gold demand is not, it's not up. So yeah, you're seeing people buy gold at Costco and stuff. You hear those headlines every once in a while, but really overall, it's not up. That's right. Yeah. America is not really doing the saving.

They're, they're going further into debt. As a matter of fact, it's a point made by a Radis bro on rumble. Thank you. Thank you for the tip, by the way. He says, uh, Americans with credit cards and their personal wealth creation are also contributing to inflation, which is never talked about. Americans just want to keep putting it on the credit card. I mean, whether it's the government or whether it's individual consumers, it's just like charge it and kick it down the road. Well, it's become very systemic inside our society. Unfortunately, we've borrowed from our children and our children's children for this particular present.

And it's not good. I mean, look at our foreign policy and the foreign aid and stuff that we've done, the damage we've done to our economy by just not taking care of our infrastructure and giving all of our funds away to places like Ukraine. I mean, it's unforgivable at some level. And I mean, that's why you got to become your own bank folks. The government's not coming to save you financial institutions, bailouts, whatever that means to you start investing in yourself, protecting yourself, be your own bank. I agree. Yeah. And when you look at all this stuff about, you know, taxing capital gains, you haven't sold anything. As this one person points out capital gains, you haven't sold anything. As this one person points out, said, yeah, if you really wanted to address the problem of inequality and fairness and all the rest of the stuff,

you would have focused on what happened during COVID, where they hand out to the public $600. But he says, when I did the math during COVID, the total amount spent to bail the country out, when we decided to shut down the economy, well, it's just really shutting down Main Street. That's what they shut. They didn't shut down the Wall Street. To shut down the economy and have the Federal Reserve

replace it with a fiat house of cards, that amounted to something like $17,500 for every citizen in the United States. But we got those $600 stimulus checks. That's great. So they rob us for $17,500 for every citizen in the United States. But we got those $600 stimulus checks. That's great. So they rob us for $17,500, and they give us a small check. And that's what people don't even realize. And they're still cheering these people who did this to us.

That's what's amazing to me. Yeah, we haven't quite felt the repercussions to the damage done. And I don't want them to happen i love this country and the people in it but there's going to be some hard times ahead and uh it'll i think it'll make 1929 look like a picnic in my opinion just just given the sheer number of it you know i saw a tweet from robert kiyosaki earlier today and he said does anybody know how how long ago a trillion seconds was it's almost 32 000 years ago i mean just a number trillion we're throwing that around every hundred days we go a trillion

dollars into debt again it took us 200 years to get there the first time that's just where we are in this kind of these numbers are unsustainable and really you know it's fake and we know that like it's fake money we don't owe it's fake money. We don't owe it, I guess, because you could just, you know, again, you could just throw that out and just start over. But the problem is, is the financial system that we're built on, it runs against the debt to the gross domestic product as far as the strength of the currency. And that our debt to GDP is like 140 percent. That's like running, you know, like we were at world war ii except it's been going on that way for gosh decades yeah uh and and accelerating so there has to be an end game and unfortunately um i think that the elite are going to do their golden parachutes they're doing

this controlled demolition of the dollar you can see that they're not stopping it i think they know where it's headed they want to make the moves on their chessboard. You're not supposed to know what's around the corner. You're supposed to pay attention to the politics and the personality and all that stuff. And it's your own detriment. That's right. Yeah, if you want a golden parachute, there's not too many options available to those of us in the middle class. You can start to build a golden parachute by accumulating gold and silver and getting out of that system. And know it's not even the economic stuff that we've talked about this entire time it's also the

surveillance uh and the um you know the cbdc as you mentioned earlier you know we we've just briefly talked about that but it's that control grid uh that is what i want to escape uh even as much if not more so than the inflation that is there. But I think it is going to be really, really bad in these next four years. We're right at the tail end of this fourth turning. And as you point out, everything is really accelerating. Tell us, you got your program is coming out following this one. Is that correct?

Right after. Yes, sir. Try to do every Thursday. Last week, we couldn't do it because of the system that I had at the hotel i was in los angeles for a podcast but every every thursday following uh your interview i do the art of burn radio transmission on rockfin and uh on my ex at tony arterburn you can find me there we do a live stream it's uh it's an hour long so if you're you're tuning in please come find me sure we'll have a nice time and anything else you want to tell us about uh what's going on at Wise Wolf?

Anything else new? Well, we're continuing to get supply, and we're gaining new members, and I appreciate everybody who's joining Wolfpack. If you haven't looked at Wolfpack, go to davidknight.gold and just check that out. It's easy to join. We make it really easy. If you want to cancel, upgrade, whatever you want to do, we don't give you a runaround. You can just email us or text us or give us a call.

I make it really easy for folks. And you can start stacking gold and silver to those $50 a month. We have a kids program at 35. The more people that join, the better off we are because I can do better buy-ins. I got some really interesting products that I'm putting in this month and next month. And so we're already, already planning that. So just appreciate all of your listeners. And of course we do any, anything, there's no minimums at, at Wise Wolf. I have the inverse of most gold and silver companies. I'm talking to real everyday people because I'm, I, when I started this business, I'm not wealthy. You know, again, I do fine, but I, you know, if I called one of the these uh 1-800 numbers uh they'd be disappointed what i had you know to give them so um yeah anytime anytime we can help david knight dot gold and just really appreciate your audience thank you so much tony and we really do appreciate your help and again uh right after this program you can find tony on rockfin and on twitter or

x i i guess i'll always call it twitter i might as well since they've frozen me i'm going to freeze their name so they've frozen my followers I'm going to freeze their name. So they've frozen my followers. I'm going to freeze their name at Twitter because, uh, uh, but, uh, thank you so much for joining us. Thank you for what you do to support the program, Tony. Uh, folks are gonna take a quick break and we'll be right back. Thank you. Thank you. You're listening to The David Knight Show.