The David Knight Show - INTERVIEW Reports of Inflation's Death: Greatly Exaggerated

Episode Date: December 14, 2023

Tony Arterburn, DavidKnight.gold. Is it time for champagne or are the markets drinking Kool-Aid? With all the manipulation what's real?Find 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 is only what YOU hold: 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.

and joining us now is tony artaban of wise wolf gold there's been a lot of development in the financial markets i want to talk to tony about that thank you for joining us tony that's good to see you david thanks for having me thank you yeah what do you think about this you got the powell pivot uh was it really a surprise did they bake this up we had a stock market jumped up on it but we already had some people who said well you know, we think they're going to lower interest rates earlier than we originally thought. But everybody knows they're going to lower it because of the election stuff. But how has that affected gold? Well, you know, you have a lot of the fake paper markets and it's I think it's helping drive the price right now, especially in those those sectors.

But that's really not what the issue with gold is right now. And it's funny, I was looking at the headlines like Santa Pal is driving the markets and happy days are here again. It reminded me of something, you know, he used the word transitory. Him and Janet Yellen is about inflation. It was transitory. It was transitory. And then he became very hawkish. And then he raised rates faster than any rate in history.

But I like what they described now as the rate that they're holding. They called it the terminal rate. And I thought terminal really describes it better, doesn't it? It's a terminal rate now, David. And so they've decided they're going to raise rates or lower rates three times starting in 2024 and perhaps into 2025 another four times. That's what they say. And really, they don't have a lot of choice. If you're going to prop up the domestic economy, you're going to have to goose it with cheap fiat currency debt. That's what it loves. It survives off of that. So I think that's the plan right now. You're so

right. It's an election year that has nothing to do with sound economics or actually uh saving the dollar or anything like that i think i think you're just watching this play out where they're they're hand in glove with the federal government and the uh sitting administration that's this is the deal yeah and if they can do moves that are going to cause the stock market to pick up then everybody looks at their portfolio value going up well i'm happy with this you know so uh yeah it's funny they call him santa paul i saw a cartoon of uh somebody had klaus schwab and had a uh a person sitting on his knee and they called it santa klaus and he says to the person he says uh you'll get nothing and you'll be happy basically what santa klaus is the grinch who stole everything from us

yeah zero hedge has got a thing quoting powell and they call it the powell pivot they said so on december the first he said this he said it'd be premature to speculate on when policy might ease then on december the 13th he said rate cuts are something that begins to come into view and clearly is a topic of discussion so i guess there's been a lot of economic change or political change, is it, probably, is what we're looking at there, right? Well, it's very malleable. It's transitory, David. All policy is transitory. But I think Terminal better describes it because what you're watching is the collapse of a system. And, you know, it's funny to watch the commentators and everything across the twitter

sphere or the x sphere or whatever it is now we'll get into a couple of tweets here in a little while there there's so much faith in the this the fake stock market it's really unbelievable yeah especially when you realize you know you have so much of the popular culture is looking at inflation now because it's just it's so evident i mean yeah you know it's gradually over your lifetime things start to increase in price and you kind of get used to that because you hear your parents talk about oh it used to it only cost a dime a gallon for gasoline and all you know i can go to the movies for for a nickel you hear all that stuff well i think even with the the memes like home alone where the the price has increased 247% and people are taking notice of

that. Well, what's interesting to have the side-by-side thinking is that on one hand, you have pop culture realizing inflation is real, that the dollar is fake. And on the other hand, they say, well, I think we have a soft landing. I think everything's going to be fine now. Well, if the trend is always to lose, the dollar loses value, then how can you have any faith in that system where you're investing? It's rigged against you. The mere fact that you're dealing in something that constantly loses value isn't in and of itself theft.

So it's funny, David, I was just doing some calculations before we did the show and I have this two and a half dollar gold Indian. Okay. And I have this $2.50 gold Indian, okay? I know you can't see it. I'm holding up to the camera. But it's about the size of a dime. This was $2.50 prior to 1933. I did the math on it. Just the meltable gold value, not just the coin value.

$247 today. Wow. Wow. $2.50, $247 in meltable gold. Yeah. Yeah. If you want to see a side-by-side comparison of what happened to the dollar, that's a great example. Yeah.

That's where we are now. And 10 years, 20 years from now, it's going to be even further away. So really, I think you're watching two separate things happen. The old system and people are still running back to it because they have either familiarity with it and normalcy bias, very dangerous because on the horizon, you've got a complete reshuffling, I believe, of the global currency system. Central banks are buying gold at a record pace. We talk about that all the time. I think that's really what's behind the gold price you'll have these fluctuations and you'll have some profit taking but we're on a trend this is not the the last part of a bull market or they oh this is something totally different in my opinion and i'm not it's

this isn't this isn't about investment this is about watching history happen and as a matter of fact i was listening to um a couple different podcasts and i got on robert kiyosaki's twitter and i was thinking this is what i'm watching and especially with some of the gold analysis this is like the twilight zone when they when he says in the opening there's a sign post on the road ahead we're watching the signpost and the outer limits where we control the vertical we control the horizontal we are completely in control of everything and we're going to manipulate it and we'll have our media come in i'm looking at this headline where it says uh this is from the hill fed keeps rates at a 22 year high as inflation

retreats yeah i guess all the inflation retreated between december the 1st and december the 13th right they it all just went away so we can completely change that and it has nothing to do with an election year right nothing nothing whatsoever it it it's very malleable very transitory actually it's terminal and i think this is what we're going to keep watch this is going to be ugly i had somebody comment on my uh my ex and i i get so i don't know what i'm supposed to call the thing anymore it's twitter you know somebody uh at mentioned me and and uh off of one of our interviews and they was talking about uh you know gold is manipulated and uh you don't talk enough about btc and it wasn't a it was

a friendly tweet and i said well actually i love btc um but there's going to be a revaluation soon i don't know when it's maybe not tomorrow or next week or this year but it's coming and it's going to be a revaluation soon. I don't know when it's maybe not tomorrow or next week or this year, but it's coming and it's going to be ugly. It's not going to be a pretty thing, you know, because you have a year decades of manipulation behind the gold price versus the dollar. And it's funny. I want to, there's a tweet up on gold telegraph. I don't have anything to do with this account, but I find it interesting. And it's, it's pretty on point

uh you can find him on x and uh he asked uh uh why doesn't um let me find the tweet is talking about jerome powell and it asked him why why hasn't a journalist asked jerome powell why central banks are buying gold he says it's just a pet rock right because the central bank of the united states at the federal reserve is are buying gold. He says it's just a pet rock, right? Because the central bank of the United States and the Federal Reserve is not buying gold. I think this is a huge tell of what's happening in the world and where we're headed. And again, almost no major financial network is talking about it.

I think it's like you talk about, it's the Sherlock Holmes, the dog that didn't bark. Why aren't you talking? Why are we focusing so much on these rate cuts? You know, it really is. It really is amazing, David. I mean, we're watching history happen and there's just so few, there's a niche group of people that are an analyst that are looking at this. And wow, I just, I get goosebumps thinking about it. We're really watching. And this is happening faster than I haven't even anticipated. Because you and I, we talked about them lowering rates. We didn't see it possibly till getting closer to the election, summertime 2024. No, they're already doing it. Because I

think there's so many economic indicators that aren't talked about, like the Mises Institute, talking about the contraction of the actual money supply, contracting faster since any time since the Great Depression. Those are indicators of an economy that's dying. And you have hundreds, hundreds of zombie corporations that are left over not only from 2008, but from the scandemic from 2020. They're propped up you know you were just you were just hinting and talking about esg and environmental social governance and how that all of those those policies are linked to the federal reserve and the central bank those relationships are what keep these zombie corporations alive you have so you have possibly hundreds of systemic failures that could be going on simultaneously in the economy if the dollar loses its grip anywhere and so i

it's not good i wouldn't be i wouldn't find this a christmas rally yeah i would i would i would think of it as a good time to exit uh in my opinion yeah yeah you know you look at the establishment press like i said the hill of washington post oh yeah we've we've uh we've beaten inflation now it's like like, are you serious? And when you talk about that policy of gradual inflation, which has now accelerated significantly, you held up that coin. When was that? You said it was from the 1930s, that coin? It's a 1909.

Oh, 1909. I wish we had a better camera. It's a 1909, $2.50 gold Indian. So that's before the creation of the Federal Reserve. And what the Federal Reserve has done is get rid of 99% of the value of the dollar. It's not a way for us, it keeps people from being able to really accumulate wealth

because they are anxious to be able to pay this back, to monetize the debt by saying, well, with inflation, we can pay it back with cheaper dollars. But then you have to worry about that as long as they've got this fiat currency they can just keep printing. And so when you tell people, don't worry, the Federal Reserve is going to rearrange the deck chairs on the Titanic, and everybody just parties on.

And so you see the drudge report. There's a big champagne glass up at the top. Let's party on. It's like it's 1999. There's absolutely no concern about these people going to bring down inflation without triggering a recession says washington post well good luck with that hope that hope that's true but my concern again is you know when you look at the long-term value you look at what the goal does hold its value long term but the other thing about it is that we've got to get out of the dollar system because of the CBDC.

Now, you mentioned Bitcoin. I've talked earlier this week about how focused they are on Bitcoin. And in terms of manipulating markets, they can manipulate, and they do, the gold, the silver market. But they also manipulate the Bitcoin market as well. It's got a small market cap for these people. It's very easy for these people to come in and manipulate it. And they've got all kinds of tools at their disposal. It could be anything that they're going to do.

But Elizabeth Warren is flat out focused on getting rid of cryptocurrency. And she's got the Biden administration focused on that with her as well. And if we're not careful, they're going to come after cash. They'll come after anything that is outside of their dollar. And so it is important to push back against that, but it's also important to have a variety of things that are going to be something that's going to keep you out of this system as they redesign it. And I like to physically have something in my possession because I'm just too concerned about what can be done with crypto and with manipulation. So, well, you have Jamie Demon testifying before Elizabeth Warren, and he's done this many times. I do not trust this man.

He goes out and he'll he'll say something counter to Bitcoin, something derogatory. He'll dismiss it. And then you find out later that his bank and entities associated with JP Morgan are buying it. So he's dropping the price. And I don't know how much of that is built into his testimony, but it's pretty disgusting. And you talked about that, the argument that a lot of crypto people will say, well, actually it's the dollar and it's cash. Yeah. So we should ban that, you know, but that's not the answer either. I totally, totally get that. Yeah. There's another tweet from a gold telegraph. I thought it was interesting. The federal reserve force forecast three rate cuts next year as inflation is still

way above the target of 2%. The economic machine is broken. It's starting to make sense why CBDCs are coming so fast. Yeah. See, this is the controlled demolition to bring in the central bank digital currency. And they're going to go after Bitcoin. I don't know how much damage they can do to Bitcoin, but always look, this is a sleight of hand. Whenever they're going to release something new into the ecosystem, whether it's a spot Bitcoin ETF or whatever, through the security exchange commission, getting all the approvals for the mainline financial behemoth to buy in, always watch for them to try to bring it down first. And I don't know what that's what they're

doing, but it's, it makes sense to me. It's an old trick. They use it all the time. They get their clients in and then they go out and they cheerlead for it. Bitcoin is, it can be manipulated. It's actually harder to do than gold, in my opinion, because of the, there can't be any new Bitcoin put into the system. They do manipulate it. They do it through the public relations. They do it through like the testimony in front of Elizabeth Warren, in my opinion. And I don't know what that means. I do like Bitcoin. We talk about it. There's a lot of, I loved crypto. I like crypto technology, David. But again, there's so much volatility over there. I'm not telling anybody to go get into it. I think it's good to understand. But the reason that you and I talk every week is because we're not really talking about investments. We're talking about the

overall historical implications of a dying dollar. And we don't want that. You and I don't want that to happen because it's going to hurt people. But we're trying to get people that are listening and are tuning in, that are aware that getting outside of the system is the answer. Because having physical things that you trade that are outside of the system is the answer. Because having physical things that you trade that are outside of the banking system, because the banking system is very volatile. I never tell people to close out their accounts, but you need to be aware that there's things

that could happen in this country, like bail-ins, freezing your account. There is a little known bit of history after the 2008, 2009 crash, the debacle, where we had TARP funds. Just after that, David, I watched, this was on 60 Minutes, and it just didn't get a lot of coverage, but you would have teams of people from the FDIC that would go in at night and take over a bank, wear the uniforms, they would let everybody go and they would have the uniforms on. They would take over the bank. Those banks were repatriated, basically nationalized

by the FDIC, major banks all over the country. And they did this quietly as to not cause a banking panic. This happened all over the, they would secretly, so you would go and your bank would still be open and you think you're talking, but there was all the tellers and everybody operating there were fdic employees wow wow that's amazing well you know it is interesting because when we look at um we look at jamie demon and of course he's the ceo of jp morgan but he's acting exactly like the namesake of it you know like jp morgan himself as he's manipulating these things and lying to people as people pointed out that oh okay so uh uh crypto is for criminals is is that why you got your own uh coin and um and as far as criminals look at the billions of dollars that you've had to pay in in criminal uh fines and other things like that but in this at the same time when you look at the way jp morgan his namesake

manipulated the financial system got us um the federal reserve and everything there's now this thing i don't know if you this is the first time i saw this uh tony they started talking about this in july the basil 3 in-game regulations i thought wow does that sound like that's something from the bank of international settlements and yeah it is and it's under this the guise tony of saying we're going to take care of we've got to control these big banks because they're dangerous. Right. And so we've got to have if you've got assets of 100 billion dollars or more, we're going to put some other capital, some additional capital requirements on you. So people who are pushing this new stuff, Daily Caller's got an article about it. The people who are pushing it are the people like Elizabeth Warren, J.P. Morgan, these other people. They keep saying, well, we've got to get these big banks under control, and so we're going to create the Consumer Financial Protection Board. And yet, what did that do? That made it impossible for the small and medium-sized banks to do business.

It made it harder for small businesses to get loans and things like that. This is, they call it endgame. That's what they call it, Basel III endgame regulations. And the endgame is I think they want to end small business and small banks because that's what this is going to do. They're going to double the capital requirements for that, which means that they're going to go up in interest rates for everybody. And it's going to put some of these smaller banks out of business. So just arbitrarily raise the regulations and the capital requirements. Sorry you don't meet that anymore,

and that's the way they bring in the FDIC goons to shut them down. Well, it's just like to go back to history. The crash of 1907 was orchestrated to help the public opinion turn towards a new central bank. Of course, they didn't call it that. They had the meeting at Jekyll Island on November 22nd, 1910. Funny thing about J.P. Morgan, too, is something I noticed. His lifespan, he was born in 1837.

His lifespan was the exact amount of time that we didn't have a central bank. He died in 1913. So from year one of not having a central bank, Andrew Jackson said, I killed the bank. He wanted that on his tombstone. I called him a den of vipers and thieves and got rid of the bank. And we didn't have one from 1837 to 1913.

And always a crisis was used to precipitate the will to do that. And they actually, they had some real skullduggery setting that up, too, David. I mean, you know, I know your documentary. It's a wonderful lie. It's coming up on that time of year again. I did it through on Christmas Eve, actually, December 20, going into the 23rd, 24th, when Congress went home. They used a lot of skull and they actually opposed it.

Those who had written the bill, like Aldridge, opposed that sort of it's too strong. It's too regulatory. It's very, very brilliant the way that they did that. And I think this is what you're more and more consolidation. And if you study, you know, conspiracy, if you want to call it that, if you want to study the conspiracy theory of history, it's all about consolidation. So it would make sense that the the bank international bank of banks is the bis and as a matter of fact a little known fact the uh the gold that was turned in in 1933 when franklin roosevelt said turn in your gold you know had the price of gold at 20 an ounce and once he accumulated all that he figured he was

going to get they raised the price of 35 an ounce well that gold went to basel switzerland to the bank of international settlements yeah they put it in a seal train with uh vladimir lennon that they're waiting for waited a few more years yeah that's right they had to fund communism uh that's that's true yeah it truly is amazing you know what it really is a den of vipers and thieves and andrew jackson was right about that wasn't he and it is amazing you know david stockman when i talked to him and he's written subsequent articles about this as well the destruction of the american middle class if you divide it out we just had a congressman say well you know it's a it divides out to a hundred thousand dollar debt per american that we've got out here and he says when you look at the fact that uh you

had this massive quantitative easing the lowering of interest rates and all the rest of this stuff and uh look at how that transferred money to the upper uh smallest percentage the one percent or the one percent of the one%, the 0.1%, and how much wealth they gained at the expense of other people because they're in the stock market. It's one of the reasons, I guess, that Trump and Biden constantly talk about the stock market. That is their metric for success. That's a big part of the wealth transfer when they pump that up.

But as he's pointing out, this is destroying the middle class, and it's not just um the quantitative easing and the interest rates and other things like that but it was also uh the um the trump trillions that were put in there with the covid stuff that's what david stockman talked about when he came on here talking about that and he's got a book coming out in january talking about how um you know trump Trump disrupted the economy and he calls it the war on capitalism. And it truly was a war on capitalism because you're not even going to really be a good

thing for the economy, even through the stock market. It's just a temporary sugar high. What they're doing is by laying this kind of debt across society, they really are enslaving us and taking away everything out of the society and so this is something that's going to continue and and we've seen with all of the debt policies we've seen how gold is kind of hung in there but again the thing i keep coming back to is the completely restructure the financial system and to um you know uh completely restructure that with cbdc so my instinct is to hang on to something that is physical and traditional and that has um really

been there for a long time talk a little bit about silver you know everybody keeps talking about how silver is down at such a small ratio has there been any move in silver recently or any indication of a silver changing we saw some uh we saw bitcoin go up we saw gold go up in response to this news and interest rates were going to go down because everybody saw that as being inflationary what about silver is that moved at all not like it should yeah i mean looking at uh goldprice.org right now and so i can keep the spot prices rotating uh 24 dollars and 17 cents so 24 17 luciferian bankster notes make one troy ounce of silver on the spot the global spot price that is cheap and historically uh i'm gonna have to get my calculator out but i think we're probably

like eight it takes like 87 or so ounces of silver to make one ounce of gold. And all throughout human history, that number has been completely different. So even going back to ancient Rome and the Egyptians, it's usually 10 to 15 to maybe sometimes 20 to one at the most. And only in our era where you have maybe error, only in our error when we when we have a central banking and the markets are so skewed and value so skewed and we really don't know what houses any value do you jump to crazy numbers like 87 ounces of silver to make one ounce of gold that makes no sense i mean even geologically david it takes uh it's there's 17 ounces of silver for every one ounce of gold estimated in the ground.

So why would you have in the third dimension, like, right, you know, a developed mind and process? How can it be 87? During the crash and scandemic, the beginning of the first quarter of 2020, it was 125 ounces to one ounce of gold so it doesn't make any sense when you have you know the i was uh one years old and it was a fifty dollars an ounce not again wow 40 almost 44 years ago wow it was it was uh fifty dollars an ounce that makes no sense knowing what we know about the debasement of the dollar the debt of the us at the time was less than a trillion. We're at $33.5 trillion and climbing rapidly. We have 130% debt to GDP ratio.

Why is silver so cheap? These are open, especially when it's the most thermoconductive metal. I'm a cheerleader for silver, not even as an investment, but just look how crazy that number is. It's so cheap right now. But you still won't find mainstream analysts talking about it because it there's something wrong with it and i do know that you talk about jamie demon who's the largest holder of silver in the world it's jv morgan he's waiting for something to happen isn't he and they're accumulating the physical yeah that's right yeah that's interesting um i guess uh maybe we should start looking at what he accumulates rather than looking at what nancy pelosi's been a good bellwether her husband you know his portfolio

you know if you mirrored him in the stock market you'd do pretty well but just hammering away exactly he's hammering away at it so yeah maybe it's a jp morgan that you to look at. Tell us a little bit about what is happening as we run up into Christmas. We talked a little bit about it last week when you were on. You got some commemorative things there, perhaps, and some other gifts. What kind of gift ideas do you have at wisewolf.gold? Well, definitely anything that you need for gold and silver a week, you can buy direct through davidknight.gold. But we also have our membership program.

And as little as $35 a month or just one-time purchase, you can get Wolf Cub, and that's for kids. And Melissa put together a great newsletter, actually, and the team helped too. We have a newsletter for Wolf Cub, and it tells a story. It has some crossword puzzles. Yours truly did the questions for the crosswords like fiat is, you know,

fake. You can look that up. I don't want to ruin the crossword, but you can, and it's good for, it's fun for kids. And we're going to be putting next year. I got a lot of attention.

I'm going to pay to, to the Wolf Cub for, you know, just history, different types of coins, even stuff like, you know, the Indian head pennies and things that are neat,

because those are still copper. Copper is gonna be in the news, I promise you next year, folks. All the precious metals will be, the resources will be there, but we're focusing on gold and silver. Wolfpack has so many great things happening right now. I'm gonna be putting in some Christmas rounds.

I know those are already going out, one ounce Christmas commemorative silver rounds and fractional coins. And we stayed ahead of the market. We bought some gold early, so we've still got supply on some of the fractional stuff. But the plan is, and we're really thankful, is to grow next year, continue to add members so we can buy collectively for everyone better deals and better supply. So that's my goal right now. I'm kind of floating back between Branson and North Texas with our two locations and just keeping the supply chain open. It's not as easy as it may sound.

There's not a lot of availability in product like there used to be when I started this business. All right. I imagine so. Well, it's always great to talk to you and again david knight dot gold tony has set that up to take you to wisewolf.gold and he's got some great programs there where you can do this gradually where you can train kids with a wolf pack and we can also get information because he's building a little community there you get, exchanging it with other people as well as gradually saving. But, of course, he can get you gold and silver in any quantity, large or small.

And that's one of the key things about that. Tony, it's always great talking to you. And, again, nobody knows what the future is going to be, but we need to do what we can. The older I get, the more conservative I get because, you know, when you're young, you make a lot of mistakes, don't you? And so it's, uh, I've had experiences with, uh, some of the, uh, some of the more speculative investments. That's why I get more conservative as I get older. Uh, it is so good to talk to you. And, uh, again, David Knight, I goal to take you to Tony and let him know that you came

through us. Thank you so much, Tony. Appreciate it. 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. Please do your part and try not to spread it. Financial support or simply telling others about the show causes this dangerous information to father. People have to trust me. I mean, trust the science. Wear your mask. Take your vaccine. Don't

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