The David Knight Show - INTERVIEW Record Flight From the Dollar

Episode Date: March 14, 2024

Like rats jumping off a sinking ship, everyone is heading for the exits on the dollar as consumers and institutions join central banks, sending Bitcoin, Gold, Silver to new heights as 500 bank failures loom in the near future according to a Fed Reserve member and commercial real estate CEOTony Arterburn, DavidKnight.gold, on why it's not going to stop but accelerateMoney is only what YOU hold: 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.

joining us now is tony arteman thank you for joining us tony oh thanks for having me back david i was uh i was enjoying the show no no worries at all on the delay sorry about that you know what i mean they're now openly talking about this we've got a guy who is on the federal reserve board in new york saying i think we're probably going to have 500 banks fail this year you've got the fd saying, I think it'll be at least 52. But then they assuage everybody's fears and say, don't worry, it's not going to be the big banks. It's going to be the small and medium-sized banks. Well, that's right.

I mean, it's the small and medium-sized banks. We saw that really spill over from FTX. And, of course, they were able to plug that leak. Janet Yellett stepped in. And, of course, the Federal Reserve. And then when she Janet Yellett stepped in and and and of course, the Federal Reserve. And and then when she was asked by Congress if she would step in and save the all banks, if all banks were had the ability to be saved by the Federal Reserve or the Treasury, she said no. And she wasn't she wasn't going to leave that on the table. So I think that's what you're seeing in small and medium sized regional banks.

Those are going to be in the chopping block first for the consolidation. The bigger banks are going to uh to bring in these bank failures and the bigger banks are going to be poised to buy up uh all of them and that's that's really really we've been talking about this for a couple of years now that's the backbone of the central bank digital currency yeah yeah when you go back and you look at what kicked all this stuff off you know everybody talked about the removal of glass stegall so banks could get into speculative things. And they create all these derivatives and the real estate derivatives that, you know, and the mergers that happened to create the really big banks. And so all this stuff happened. But it was really the mergers that really kicked all this stuff off.

And both the repeal of the Glass-Steagall Act and the mergers happened with Bill Clinton. And it only took about 10 years for stuff to blow up but then the aftermath of that we saw for several years i remember matt drudge when he was um uh doing conservative news he would talk about how many banks had failed every year and it would be between 150 to 200 banks failing every year for several years in a row um after they had bailed out the big banks they let these other banks twist in the wind and fail. And now we're seeing here now another decade later, they're getting ready to rinse and repeat.

And as they're talking about it, this guy who has, first of all, he's on the Federal Reserve Board of New York, but he's also got a large commercial real estate organization there. And he says, I don't think this is going to be a systemic problem for real estate, he said. And he says, and for the large systemically important too-big-to-fail banks. He said, they're going to protect these guys. He said, however, for the regional banks around the country, they have a significant allocation of their loans to commercial real estate,

a lot of it to multifamily developers that are going to go have loans that are upside down. And, of course, this is what we've been talking about for quite some time. And now it's coming to fruition. They're saying these banks are going to fail, and they're just fine with that because it fits their long-term plan. And, again, this is 30 years now. They've been working on creating just a handful of banks and then they're going to be their partners to centralize the central bank digital currency i think well let's not forget glass steagle was a remnant of the 1930s that was a

bill passed in the 1930s after the great depression or during the height of the great depression you have massive bank failures and a lot of these And a lot of these regulations were used to keep these other banks from consolidating and buying them up and then making the problem worse. And that's what was in the 1990s. That was the repeal of Glass-Steagall. And so you had what ran up to the dot-com bust. And we just see more and more consolidation. And let's not forget, too, these regional banks, smaller banks are the ones that lend.

Those are the banks that lend to real people, which are the backbone of the U.S. economy, small business, all of that. The non-essentials out there, those of us who were non-essential during the lockdowns. And so that's that's who they're going after. They're going to all the stress test and all the mistakes that have been made by the central bank and the debt. David, I just read earlier today, the U.S. debt increases $1 trillion now every 90 days. Yes. Okay, so all of that, the fiscal irresponsibility, the cancer, the financial cancer that they've unleashed on on not only the united states but the west in general the entire world and that's all going to fall on the back of these small and

regional banks because that's the all of the economic blowback all the consequences uh of this unlimited money printing and everything they've done uh for the last many years and especially in the last four years that's who's going to feel the pain first. So I think what you're watching really is a plan to dump it in the laps of those who have the most leverage or the most exposed. Look at the cash positions of these banks. Remember after TARP, and this was unprecedented, Ben Bernanke came out and that was a 2011 if you look at the the price for precious metals you can go back and see that the you know gold was reaching 2000 back in 2011 it was really close it was a high 19 hundreds and then silver hit fifty dollars uh Ben Bernanke came in and calmed everybody down and said, you don't have to go into precious metals.

You know, the Federal Reserve bailed out these banks. It's unprecedented. We won't do that again. Yeah, well, you know, what was the debt of the U.S. in 2010? It was 10 trillion dollars. Right. So now we're at 30, 35 trillion and climbing again every 90 days the u.s uh government adds one trillion to the debt balance so this is all unsustainable i think they're just i think they're just clearing the path for more consolidation by the multinationals and this is esg right this is those who are close to the central banking hub uh the multinationals the the consortiums and that that is what's going to be you know again that's that's the protected class but the bank balances of those who were who took part in the bailouts in 2008 and 2009 they just hoarded cash they didn't lend that money out that's right that's right and they were able to they said oh we paid it all back you paid

it back with a zero interest uh you know i mean it's like you you held it for a while you made a lot of money off of it and then you gave some of it back you didn't have to pay any interest on it at all yeah what you're talking about these small and medium-sized banks uh as you mentioned they're the ones that are lending the um individuals and small businesses the money and that's the real concern here because what they're going to do is they're going to freeze up the financial machinery and that's one of the reasons why nicely is looking at this and saying you know what if anything can we do about this at the state level looked at what happened in north dakota and keeping those small and medium-sized banks alive during the great

depression and things like that so that's why they're looking at things and saying even at the state level you know we got to get into gold because we don't want to be completely dependent on the fiat currency coming out of Washington. So the state needs to have some gold so the state can keep machinery going. They need to be able to backstop some of these banks and we got to be able to keep this flowing. But these people are looking at throwing one monkey wrench in the machinery after the other to shut everything down to lock everything up that's really what's uh what is on and what they're trying to do i believe well you played that clip earlier of a man on the street and asking people about central bank digital currency and those who even had some clue of it's well i'll

vote you know i'll vote my way out of it. I'll vote against it. That's not how you stand up to central bank digital currency, because it is a fait accompli. They're going to bring it into existence. The question is, do you have another system outside of it? That's right. And that's what, that's why it's so important. These state and regional banks looking into bullion houses and how, how to, you know, set up gold and silver as legal tender through the legislation. This is imperative. We have to do that. The parallel system is the way to stand up to central bank digital currency

because they're not going to be given a choice. This isn't going to be on a ballot. Remember, Jared Kushner is the one pushing central bank digital currency. Do you think Jared Kushner is no longer part of the Trump, going to not be a part of the trump administration if he's uh selected um they're going to have this and then biden i mean biden's uh pushing the central bank digital these are the same masters yes and central bank digital currency is just the future you have to look to the future and what we have to do is plan around it and that's the uh the parallel system the state banks, things outside of the systems we

talk about every week. And of course, it'd be great if we have states that are going to do that. But again, that may not happen at the state level, but you can still prepare at the individual level. And so I mentioned, you know, what are the what is China doing? Well, they're they're getting gold. You know what? What do we have the forward looking people at state government looking at? Well, let's get some gold for our state organization. Well, as an individual, you need to start looking ahead and how you're going to prepare for yourself because it may not happen at the state level.

It may not happen at the state that you live in either. But you can still prepare as an individual for this stuff. Well, the Chinese people certainly are. People in India are. Massive gold reserves being sent to to india uh china's keeping its gold uh not not a net exporter and like i said uh i think a couple weeks ago we talked about china 60 000 gold mines um so they're ramping up their their gold and i think it's something interesting going on in the global economy and david is crazy

we talked about gold uh and bitcoin hitting their all-time high together last week bitcoin just surpassed silver in market cap yesterday wow so it actually surpassed it surpassed silver in market cap i think one point uh 1.4 a trillion so a lot of people are going to look at this and say, well, I need to get into Bitcoin. It's like, well, silver's on sale right now. It's on absolute. So the headline on Kitco is silver surpassed by Bitcoin in market cap, but the gray metal has begun its long awaited move. And there's a lot of things going on because it's not just one thing. you're talking about a complete revaluation of currency and as the dollar loses the world's reserve currency status and you see all these

reports coming out inflation's worse than they thought they try to paper over this as best they can but the world is moving away from the dollar so there's just this shrinking demand which is shrinking value again it's psychological, but people around the world are starting to dump dollars and they're going into other areas. But the dollar represents our markets. It represents the stock exchange. All that fake and all that tied to that's political, everything around Wall Street. And so the dollar itself king dollar represents that and people are moving away these the bitcoin etfs david and i'm not a fan of the etfs i'm not pushing for that when you got larry fink from blackrock appraising bitcoin i start questioning my own my own sanity or what

where my loyalties lie but again they're pushing that one1 billion in inflows yesterday. Wow. Yesterday, $1 billion inflows in the ETFs and the Bitcoin. All that money moving in there. Why is that? That's because the dollar is losing purchasing power, and that reflects all of the uncertainty in every market. So this is a complete revaluation of things. So when you say, well, is it going to be gold?

Is it going to be Bitcoin? Is it silver? My answer is yes. It's all those things. People are looking for something that's not going to be unlimited, right? There's some checks to it. There's going to be some way to hedge against the loss of purchasing power and the loss of not only that, but the loss of value in these markets that are so tied to it. And yeah, they're going to cut rates. We know that they're going to do QE. They're signaling that. And the reason gold is moving and Bitcoin is moving is because they're talking about cutting interest rates on top of high inflation data.

So these two things can't go together. Yeah, well, they're political, so they have to do it. It doesn't really matter. I mean, they can manipulate the inflation stuff as much as they want and even after they manipulate the inflation rate and and bump it down so dramatically uh it's still much it's still twice what their target rate is but they're gonna raise uh rates anyway but it's still much higher than what they're saying it is but you know when you look at this uh you know, Powell is saying the same kind of stuff. He says, yeah, there's going to be a lot of disruption and there's going to be a lot of failures.

But don't worry. It's just the small banks and regional banks. And so it's manageable is what he said. And we don't have to worry about the big banks because that's all they're worried about. But when you look at and I think the trigger for this and i think this is what a lot of people are seeing which is why they're moving into bitcoin and etf or anything that is away from the dollar they see this whole thing is just uh you know freezing up and we've got to get something that is outside of this uh we just had on monday on the 11th this program that they had put together to

help some of these banks that were in trouble, they just brought it to an abrupt end. And so interestingly enough, on the fourth anniversary of the World Health Organization declaring a global pandemic when there wasn't one, these people are pulling out the rug from, you know, that these banks have been relying on. It's one of the reasons why they know there's going to be 500 banks failing because they're ending that program. They're not worried about it, but it's going to create massive unrest. As you point out, people are looking for any kind of a haven outside of the dollar. Well, you know, I looked at some of that intel and we discussed last week there might

be an issue on the 11th because that program was ending. And I woke up early on the 11th and I wired out every single invoice that I needed to pay. Everybody who paid me, I got to the trading floor. I got it off my balance sheets by 9 a.m. I wasn't taking any. I'm not going to be left holding the bag, especially for my customers. I've sent everything out to the trading floor, paid every single invoice and got it to zero because we don't know. We have indeed. These are very uncertain times. And so building something outside of the system, absolutely imperative. And of course, they're going to they're always going to blame this on every day.

You know, the the small business, the regional banks, and they're going to say, well, we we need more regulation. And the more regulation is just we need to help these bigger banks they're your friend you know they're not they're not lending to people and that's the thing this the way to control is more and more consolidation they're going to continue to back these big banks and leave these uh smaller and regional banks out to dry yes yeah absolutely as a matter of fact there was one article I saw where they're talking about Javier Malai in Argentina. He said, okay, so he says he's tying it all to the dollar. He had said when he was running, he said, yeah, I understand the problem with the American Central Bank, the Federal Reserve. But he said our central bank is even worse.

And this is just a pivot move or temporary move or something like that. But they said, so what is everybody else going to do? What are Americans going to do when there's no other currency that we can go to to prop it up? That's a bigger thing. And he said, that's why everybody is moving into the ETF, Bitcoin ETFs and Bitcoin and gold and silver and things like that, because that is everybody is getting very afraid of this system that is teetering on collapse and is imminent, even according to the people who are running the system and pulling the levers. But, you know, it's also interesting, I think, to see how all of this is focusing people towards the CBDC. In New South Wales, where we had Gladys Berjiklian,

one of the worst of the COVID tyrants, and her party, to remind everybody, her party presented itself as a libertarian party. They call them liberals, but we use the term libertarian here because the liberals stole that word. But they were the liberal party, and so they were supposed to be about individual liberty. And they were the ones who were some of the worst tyrants.

Now they're pushing to consolidate payments even more so in New South Wales into a central currency. And in Nigeria, where they've been struggling to impose this CBDC thing as one of the first countries you and I have talked about that many times, they're now really leaning on Binance. And they're saying, you've got to give us all the information on your top 100 customers. And we want you to turn over all the transactions from the last six months. What do you think is going to happen with this army of IRS agents that Biden and the Republicans want to send against us in the next couple of years?

Well, they're building an army for a war. That's right. I mean, it's a war on the American people. It's a war on people all around the world from their governments. They want to control all financial transactions. Don't look at what BlackRock's doing or these multinationals or any of these Wall Street criminals. Don't look at what they're doing. We don't follow the money there. We only follow your $600 Venmo transactions. That's what that army of IRS, the income tax was never about a fair share or anything. It was built by the wealthy. I don't know. When you know history, it's like living in the twilight zone. You realize as a progressive that the world's richest people, they made their foundations and they exempted themselves and they gave you the 16th amendment, which is the income tax. And it's a, it's a way for the rich, the most powerful to control you. So they

use, and you know, it's funny the same way they built these platforms for speech, David, like, you know, you've been kicked off YouTube. I've been kicked off YouTube. You know, you go to you, but it used to be websites or Facebook, you know, you go, you go same thing, Facebook, Twitter, all that used to be websites and they draw you into these things and it's all free. And it looks like it's working really well and you're connecting and all of a sudden, no, you're, you're curated, you know, like, like Tim Cook says, you know, we're going to cure, we're a curator system for podcasts. And so they curate, but they're doing the same thing with crypto in a lot of ways. I love the crypto space, but you know, when it, when it becomes more mainstream, when

these websites start, you know, bowing down and we're going to be regulated and we're going to look at the SEC and whatever, whatever regulatory agency, and they're not standing up for freedom because this is a, you know, a token system is, is just meant to be peer to peer. It has nothing to do with, you know to peer. It has nothing to do with the government. It has nothing to do. Well, that's what they're being built to bring you in there. And then they're going to bring the hammer down if you don't comply.

And so not everything in crypto is equal. Not everything is built on the same system or the same philosophy of the cypherpunks and the cryptography that was built to make things like Bitcoin. So again, that's not, it's not all the same ecosystem, but they're going to use that.

And I think that, you know, the same thing with FTX and all that, it was a test balloon to see how people would react. They shut down the silver gate bank. There was nothing wrong with it. We've talked about that. There was nothing wrong with, I used to wire about that. There was nothing wrong with it.

I used to wire Silvergate for my Bitcoin. And they were completely solvent. They were completely solvent. There was nothing wrong with it. But it touched something. And if you look at it, the same Sam Bankman fried stuff. I mean, this looks so much like a setup. How did that guy ever have the amount amount of funds that he supposedly have you know

and it all funnels back to ukraine all these things but they use that i think that's the same thing with some of these larger uh crypto exchanges and something when they have political ties um again people get involved with it it crashes there this isn't this is a problem in the crypto space right now there's meme coins that are going up. I mean, they have Joe Bowden, the coin. They have Trump coin is up 400% or some crazy thing, which is a meme coin. They have a coin based on Elizabeth Warren that I won't say what the name of it is on air, but they have a whole bunch of these things. And they don't mean anything. But people are excited because of the Bitcoin ETFs. It appears, if you watch the financial networks, that everything's great and there's lots of liquidity. But watch out. When they pull the plug, who gets blamed?

Especially as Bitcoin's driving up, and I'm a believer in Bitcoin, but if Bitcoin keeps driving up, if people get hurt, if there is a collapse in some way and all this inflow and outside, you know, these retirement funds, if this is a collapse of the total crypto ecosystem, which it could be in the even in the short run. Well, there's going to be a blame and the blame will be on crypto. And how do we fix that? How do we fix all your money problems? Well, we give you a central bank digital currency. We need the adults in charge. We need somebody with a regulatory mind to come in and fix all this. And we'll make up for it.

That's what I'm afraid of. Whether it's a banking crisis or a crypto crisis or economically, they'll fuse it together and use it. They've trained people with that. It's like, remember when the Wu flu hit us and how we helped you out with the stimulus checks? That's just what this is now, except it's going to be a little bit easier for us to get you this money.

We can do it faster with a CBDC and all of that. So just take the number. They got everybody accustomed to all of that stuff. And when we look at, like you said, Bitcoin can crash regardless of whether or not that's real. Look at the dot-com bust, right? All of that stuff was, the internet was a real thing. And just as we see now also with AI.

We've got AI, we've got Bitcoin. Those are things that people are going to be able to leverage. You know, the Bitcoin is going to be there and people can make a lot of money from AI, whatever. But the bottom line is that that was all there with dot com. You know, you knew that the Internet was coming, that it was going to be big, but it got out of it, got out ahead of itself turned into a bubble and they used that to get people afraid of it and to all jump out of the market at the same time and people that's what i'm afraid of yeah exactly i'm afraid because it

brings in regulation it it allows the those who have innovated and put their lives and fortunes on the line to to bring something to market who truly believed in something uh they're gonna be vulnerable and they're gonna be vulnerable to be bought up that's what happened with the dot-com revolution and the internet and again it got consolidated into what we see now which is uh kind of a hellscape a dystopia that we're you know slowly the gears turning down speech uh throttling anybody that can be seen that wants to just have, you know, have their own opinion. Again, curating like Tim Cook says. That's the same thing. I'm a firm believer in the crypto space.

I've been in it since 2016. I'm also a gold and silver guy. I believe I'm precious metals first. But I think in technology and where we're headed, if you wanted to have any innovation at all it's the energy is in crypto it's it's the future it's the future if and that's there's a there's a question question mark hanging over all of this and that's why um i'm i'm not a pessimist per se but i am skeptical when there's so much going on and things that don't make sense uh i i call attention to it i don't want to just call attention to it I don't

want to just be an outright cheerleader and say all of its good it's you know and there's that phrase in the crypto space it's just number go up you know number go up and that's what that's what people look to and I'm not sure that's really the the purpose of it is not really number go up the purpose of is to build something outside of the corrupt fiat system yeah and that that was the goal from the beginning it's the same thing that gold bugs have always talked about or silver bugs we don't want to be part of this and you know if if richard nixon hadn't taken us off the gold standard in 1971 would there be a bitcoin would that really be a thing well i mean i wouldn't

have a business there would be there what would gold be? It would be $35 an ounce. And we'd have a completely different looking country. We have a different world. It's a thought experiment. I'd love to see what it would look like, you know, just for curiosity's sake. But none of these things would exist if we had any semblance of real money. And we do not. I agree.

Yeah, I talked to Aaron Day day about uh his you know he ran briefly for president so he could try to bring attention to the cbdc issue and he says you know get into gold coin gold and silver and bitcoin and other things like that but he said you know with bitcoin he was early adopter of it he said we turned that corner at one point it was all set up to be what you were just talking about, uh, an alternative system and alternative payment system. And then he said it turned into a speculative asset and, you know, the big banks and other people that had a big part to play in that.

Now they're doing that with steer on steroids. I mean, when you look at the CTF thing, that's turning it into a speculative asset on steroids and uh yeah i don't know what happens with it in terms of um you know some kind of a an alternative currency uh but uh going forward with all this looking at the debt you know there's an article this week this was uh from reason magazine the white house says they're going to borrow 16 trillion dollars over the next decade yeah isn't that ridiculous as you point out they're going up every 90 days by a trillion dollars and you're talking about over the next decade are you serious uh that is it's going to be way way

more than that it's going to explode and implode long before that happens but they they really don't care and and just take a look at the IRS and the fact that they're going up a trillion dollars in the cumulative debt every 90 days. They're not anywhere close to funding the government with taxes of any sort, including the income tax. It's simply there to keep us from being able to accumulate any wealth to keep us in our place. That's why the income tax is there. It's not there to fund the government, as most people think.

It's there to saw off the rungs of the ladder that you can't climb up. It's the curse of 1913. You had to put the 16th Amendment in place, which is the income tax completely outside of our our heritage our constitution the intent of our founding fathers i mean and it's and it's ridiculous it doesn't make sense the income tax is is there just to punish you it's just to make sure that you cannot compete with the world's richest people who really run everything you know you look at uh paul warburg uh who that's the they based the character daddy Warbucks off in Little Orphan Annie, you know, and if you watch the movie or watch the play,

you know, he calls up Franklin Roosevelt and tells him what to do. And that was, you know, people back in that time frame, they really knew things, didn't they? They really understood who these people were. You know, the Warburgs, his brother uh max warburg was the head of the central bank in germany the same time we're supposed to be mortal enemies in world war one yeah and they put these things in place and things like the income tax max gave uh uh vladimir lenin 10 million dollars in gold and put him on a steel train to start the russian revolution yeah

that's exactly right same thing in this country we had leon trotsky was a newspaper reporter in new york and they loaded him down with gold and woodrow wilson as a matter of fact pushed his passport make sure he got out of canada he was able to get through and get get on to russia to start the revolution this because he was had a banker handler you know a colonel mandel house who lived with him in the white house kind of like harry hop Hopkins did with Franklin Roosevelt. So, no, they built these. This is a system built by the world's most powerful, richest people to make sure that you're a debt slave. The 16th Amendment was there to make sure that you never are able to compete with them.

Again, who has reached the pinnacles of anybody like a warburg in this country i can't think of anybody that's you know these uh j who's our jp morgan it's not elon musk you know who who is it you know that we haven't reaped there hasn't been nobody to reach these heights of wealth and power and like they did in that time frame those who met at Jekyll Island, the Rockefellers, who's our Rockefeller? Nobody, you know, that we just have these, uh, these puppets like Bill Gates and, and Elon Musk and others that nobody reaches these types of the types of wealth. And because that's what this income tax was designed to do. It's just slow you down, grind you down. Uh, you can't, you can't, uh, you know, the regulation who understands it,

you know, what's taxable, what's not. They don't even, they'll admit they don't understand it. So we're all, you know, it's one of the reasons I have my, one of my sponsors in my show is Legal Shield. I've been with them for 20 plus years. They've got audit protection built into their membership. You get audited, you got a law firm on your side. But again, this is coming with 87,000.

Did the Republicans slow that down at all? I forgot, David. I know they're busy banning TikTok. That's right. You can ban TikTok, but not that, right? That's right. In and of itself. I mean, that's a very dangerous thing.

You know, we've had, this is a new thing for Congress to essentially go out and ban some application or website or business or whatever over and above the free speech issues that are there. But so what is on your purview in terms of last week? We're talking about record highs and we're still seeing some record highs, I guess, for for a Bitcoin. Things kept pushing up with gold, got close uh 2200 didn't it before it fell back it did and i think we might see a dip and some sell-off uh in both metals uh you know in the short run but in the long run that's what we're moving to a revaluation of commodities the brics nations uh they're pushing for new the new pricing and commodities because they get that

there's uh suppression in the precious metals markets because the dollar has been at war with gold since we went off the gold standard in 1971. I mean, it's a natural enemy. Gold was up 2,000% in the 70s, not because it went up in value, but because the dollar lost purchasing power. Again, when you reach the end of a currency, and I'm not sure we've ever seen anything quite like what we're watching right now. We talk about every 90 days, the debt going up a trillion dollars. It reminds me of something that a speechwriter for Nixon, Herbert Stein, they call it Herbert Stein's law. He said, when something cannot go on forever, it will stop. Well, this will stop because it cannot go on forever.

So I think we're going to see more and more. And again, when I go to the Bitcoin ETF, and I listen to a lot of podcasts, and those are in the crypto space are really excited. I don't want to rain on your parade because I'm early adoption of Bitcoin for me in my life. I've been a fan. I just have a problem when Larry Fink of BlackRock comes out. There's only one or two possibilities. Either he's giving it its blessing to kill it it and he wants you to just take this thing like because that's where our mind naturally goes with these type of people it's like are you is it a

poison pill we want to wreck the whole thing so we can replace it with something else kind of a creative destruction like we bless it it blows up and now we give you the central bank digital currency because those who control the money supply, like Mayor Amschel Rothschild said, I care not who sits on the British throne. The person who controls the British empire is the person who controls the British money supply. I control the British money supply. That was in the 19th century. So you wonder, with the BlackRock's ties to the fed because of trump uh this was i mean the reality is these these big banks have ties to the federal reserve and help manage it and all the intricacies of it so you wonder why would they be for something that's outside of that i have questions there's either the possibility he's trying to blow it up or he's a true believer i don't know

uh i'm just color me skeptical. I'm going to be skeptical on that forever. And so I'm never going to truly believe that these people have seen the light and they believe in sound money or even just having a finite based commodity system for payments. I don't really buy it because they're born out of fiat. Everything that goes that's created these new markets and these mega banks, David, is all fiat fake currency. That's why if you look at the consolidation by the wealthy since the 1970s, it's massive. And the working class in this country and the middle class is shrinking and declining in wealth. So there's something inherently wrong with it. I'm watching that very closely. I'm also things like you know we talked about the market cap of of silver being surpassed by Bitcoin I'm

not concerned about that at all because when you see more and more of the outflows and things coming from people just around the world getting out of their own currencies and getting into commodities and getting into things like gold and silver there's, there's a place at the table for all commodities, you know, copper land in this, this whole era that we're in, or you could call it an error. Like you usually do. It's an error. There's all of this is Fiat and it's fake and it's coming to an end. I don't, it's not going to be tomorrow, but I think you're going to see more and more consolidation in the, in the commodities markets. So I'm just preparing on my side of the business is just to have supply. That's one of the reasons I have two locations. I needed a supply chain. What's going to happen to my membership program

when I call like the first quarter of 2020 after March, if you called and locked in silver with me, it was six weeks out and people couldn't believe it. I'm like, well, I can't help that. That's just all the resources that I have everywhere in wholesalers. It would be four to six weeks out for most products. So luckily we're not in that time timeframe anymore and you can still get supply. It's not as great as it was before all of this happened before 2019 or so. Uh, but that's the, the key is going to be supply. I know that the metal dealers that I respect that are in this business, that's their number one priority is to make sure people have supply. So I've asked that question, you know, what happens to my Wolfpack members when I have delays? You know, will I even be able to continue that program? I hope so. We're working on that

right now because I do see it just takes a little push. I mean, we're just right on the edge of something really historic. And some of it can be good. Some of it can be bad. You know, we're watching the banking issues. And I tell you that story. Like I woke up early in the morning on the 11th. I had my wire set on both banks and I emptied both bank accounts.

And did I really, did I think there was going to be a banking crisis? I just have a question. It's not, it's not that I know, I just have a question and I'm not going to be hopefully not caught flat footed because I have responsibilities to people who are my customers or my clients. And so that's what, that's what I'm looking towards right now, David, it's just having supply. I like your, you've got a lot of experience. You've got a lot of insight into all this as, Um, so that's what, that's what I'm looking towards right now. David's just having supply. I like your, uh, you've got a lot of experience. You've got a lot of insight into all this as, as people can hear. And when we go back and we look at it, as everybody says, history doesn't repeat, but it rhymes of course.

Right. And it just seems to me like we saw this massive wealth destruction with real estate that so many of the middle-class had in terms of wealth destruction, uh, wealth destruction because of this pump and dump that they did in the mid-2000s. And a large component of that that allowed them to do it was this derivative instrument that they created. And so I look at this, and I've seen for the longest time people saying, well, you know, the younger generations, they find it difficult to get into real estate and housing and get the capital to get started in that. A lot of them are building wealth on crypto, especially Bitcoin.

Oh, OK. So we're going to do a derivative on Bitcoin. It's like I don't know if that's what that's about or not, but it's just I look at it and it's like, so they're going to try to, is this a big rope-a-dope thing to destroy people's wealth? You know, by bringing in this derivative stuff, because that just allows them to manipulate things to, you know, an amazing degree. As you and I have talked about for the longest time, the ETFs for gold and silver, allowing them to manipulate prices for that, bringing in this massive rush into Bitcoin with these ETFs. That really just, I don't know, my spidey senses are tingling. Mine too.

Yeah, yeah. And I think you feed the old system by doing it. I mean, you go look at something R. Buckminster Fuller talked about. It said, don't fight the old system. You just give it energy. Just go build the new one. You know, and that's a lot of the innovators and the futurists and people that you know want to create a better tomorrow that's the people that have followed our buckminster fuller you know the the

uh i'll have to talk about him sometime he's he's an interesting figure you know he had to he created the bucky the buckyball you know uh the the geodesic dome and all that. He's a genius. But he talked a lot about finances. And he wrote a book right before he passed away in the 80s called Grunch of Giants. And it was the gross universal cash heist. And he talked about how the richest people were stealing the wealth through the money supply. Right.

This guy was a genius. He was selling, you know, just talking about concepts to try and explain it to the everyday person, because you can't see it. You can't see your slavery is built by these same people. So when you're absolutely right, my spidey sense is when you know history and you have some of these same people saying, well, the Bitcoin is great. We're going to make an ETF out of it. And I say, well, well, that's interesting. This should be your, like, why would you feed it? And I, so I have questions and, you know, again, not always right with our pessimism, but it is something to be cautious about. And I would be absolutely, because this really tracks back to something that could be a controlled demolition. We know that they like to

control the demolish things, don't they, David? Yeah, that's what it looks like. They are hell-bent to do everything in our society. It's always great talking to you, Tony. And as you're pointing out, you know, in terms of supply, that is going to really, I think you're right. That's going to be the key thing. It's good that you are on top of that. Any specials or anything like that you want to talk about at Wise Wolf? Well, we got the 1776 promo over on Wolfpack.gold,

but go to DavidKnight.gold and click the link so you can support David through there. We always support David through Wise Wolf and Wolfpack and 1776 promo for free silver. I have some announcements here in the next couple of weeks. We've got some great stuff going on at Wolfpack and some new specials and we added a new tier uh it's called zen wolf i don't think i've announced that over here we

zen wolf is the highest level i'm not making any more wolves that we got we we reached i thought sage wolf would be the uh the last year which was a thousand a month and people started buying multiple sages and i'm like well okay well i okay, well, I'll go to another tier up. And so what we do is we have Zen Wolf. It's treated a little bit differently. Sometimes if people can select, we've made it to where they can select all gold, all silver. It's not as, we have to create these other invoices in bulk. But Zen Wolf's interesting.

If you're interested, if you've got, you know, if you're looking at dollar cost average over the next two or three months or six months you should check out zen wolf because you can go all the way up to 5 000 it doesn't mean you have to make it automatic you can do one-time purchases but that's a you know if you just want to have me go buy it for you then that's one way to do it and so uh we're just trying to make some make it easier for people over on on wolf pack and you can do direct purchases all the way down to, even if you want to buy somebody a gift and buy them a Wolf Cup at $35, you can do it one time. You don't have to do a membership.

That's great. That's great. I like the original thinking, and you're doing everything that you can to try to help customers. Make sure you've got supply. Make sure that you've got a lot of different programs to feed different levels. That's something I've always liked about what you do with wolf pack it's always great to have you on tony thank you so much for coming on and again people can get to wise wolf goal by going to david

knight on goal let tony know that i sent you so thank you and i would say too thank you david and my show will be live we're going to be live on the rockfin channel on america unplugged uh on that channel here at 11 a.m central time so here in like uh what is it 41 minutes uh we'll we'll be live and freeworld.fm so come check out the show i had a lot of your listeners uh come over uh last time so we'll be talking about this topics and and more come see good good good match good match so right after this show again you can um check out tony's show and uh thank you again tony for your support i've been here for a long time and really do appreciate it thank you so much thank you david The David Knight Show is a critical thinking super spreader. If you've been exposed to logic by listening to The David Knight Show,

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