The David Knight Show - INTERVIEW Russia Goes for Silver

Episode Date: October 10, 2024

Tony Arterburn, DavidKnight.goldRussia bets heavily on silverCentral banks continue to move to gold with Poland's reserves now greater than UKFoundations of financial systems are shiftingMoney should ...have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverIf 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: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

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Starting point is 00:00:18 If you have questions or concerns about your gambling or someone close to you, please contact Connex Ontario at 1-866-531-2600 to speak to an advisor, free of charge. But MGM operates pursuant to an operating agreement with iGaming Ontario. Happiness. We all know what it feels like, but sometimes it doesn't come easy.
Starting point is 00:00:37 I'm Garvey Bailey, the host of Happy Enough, a new podcast from The Globe and Mail about our pursuit of happiness. We know people want to live more fulfilling and positive lives, but how do we actually do that? Is there a happiness code to crack? From our relationship with technology to whether money can really buy you happiness, we'll hear from both real people and experts to demystify this thing we're all searching for and hopefully find ways to be happy enough. You can find Happy Enough wherever you listen to podcasts.
Starting point is 00:01:22 All right, joining us now is Tony Arterburn of Wise Wolf Gold, and Tony has kindly set up DavidKnight.Gold. That'll take you to Wise Wolf and let him know that you came through us. It's a great place to get gold and silver. Now is a great time to accumulate gold and silver, as we've been talking about. We're going to talk a little bit more about that now, what is happening economically. And, of course, Wolfpack, which is something unique that Tony offers. It's a large buying group that helps you to get a discount and also sign up for a fixed amount
Starting point is 00:01:53 each month, lets you do cost averaging and gradually save and gradually start to get outside of this fiat system. Thanks for joining us tony it's great to be here david good to see you good to have you on let you know i i saw this the other day and i mentioned this to you when we're off air bablin b said ron paul has decorated for halloween by putting up the spooky national debt counter in his front yard someone said i have trouble walking by his house alone anymore i almost fainted when i saw the $35 trillion a couple hours ago this evening. And it's added even more while I've been standing here talking. It's scaring all the neighborhood kids.
Starting point is 00:02:32 Well, they're the ones who are going to have to pay for it, aren't they? That's exactly right. It's the looming demonic ghost of Christmas future. That's right. Like a Christmas carol, you know. That's the final ghost, the ghost of Christmas future. And, you know, you look at statements from people like Dick Cheney. Remember the deficits don't matter.
Starting point is 00:02:52 Remember that statement back, I think circa 2004 or so. One of the pioneers of modern monetary theory right there, Dick Cheney, who knew that he was such a genius, right? We're going to test all of the Keynesian models we're testing that right now i mean we've been in an experiment a live experiment since 1971 when we went off the gold standard free floating fiat currency the lifespan of those currencies is generally 26 years we've doubled it because we're the world's reserve currency but again every week we come on we talk about the dollarization and that's happening rapidly.
Starting point is 00:03:25 We're losing that status. So that won't go on forever. Yeah, yeah, that's right. And, of course, since we weaponized it, it isn't just, I think things are going to accelerate because after Biden weaponized our financial system against his enemies, they're not my enemies, but against his enemies, since he did did that they have been very focused on coming after our financial system because that is the federal government superpower that's how they manipulate us here domestically and it's how they manipulate things globally and
Starting point is 00:03:55 so that is um you know these people understand uh how vital that is to american power and they're going to do everything they can to shut that down i talked yesterday about somebody who went through um hyperinflation in lebanon and what a horrific experience that was from a personal standpoint i'm afraid we're looking at something like that in that particular article the guy who wrote it was a Bitcoin aficionado. But, you know, gold and silver, that is a physical way to get outside of a fiat system. And as he pointed out, as you said so many times, all fiat systems are essentially going to go to zero at some point in time. It's just a question of when.
Starting point is 00:04:42 In 2022, it seems to be the tipping point. If you look back through the timeline uh russia invades ukraine um you can argue if you know anything about history that it was provoked that's what we that nato wanted the western powers wanted as soon as they did that the west moves with even more sanctions and seizing russian assets and that saw the dip of the ruble and the ruble dipped for a while looked like looked like their currency was going to break. And then all of a sudden they made some announcements. One, their finance minister said they would no longer take dollars.
Starting point is 00:05:11 They said it was candy wrappers. And then they said they were going to back the ruble with so many grams of gold or some sort of gram gold system where you could turn it in for that. The ruble rebounded and after that really you saw the massive acceleration in d dollarization which was i mean went from like 55 percent of global usage down to like 42 percent of global uses for the dollar and it was very quick uh and that cross-border payments increased uh with using gold using crude oil uh since then, we've seen Saudi Arabia join BRICS, the United Arab Emirates, Ethiopia, several others, and there's like 25 other countries that are in the periphery to join BRICS.
Starting point is 00:05:53 And that's because of the sanctions that were placed on countries like Russia. But it's like 40 different sanctions on 36 different countries. That's probably increased since I used that figure. I've been throwing it around for 18 months, so it's probably increased since then. And we've given billions and billions of seized Russian assets to Ukraine. You know, this is supposed to be settled in an international court and they're supposed to be due process. And that's all out the window. So the other countries took notice. And that's why they're forming these coalitions, even inside BRICS, which, you know, India and China, not friends.
Starting point is 00:06:26 No, that's right. The enemy of my enemy is my friend. I think the bullying by the United States, the weaponization of the dollar has major blowback and the consequences. We lost the petrodollar recently, which you and I have discussed. It didn't get a lot of coverage. It should have. If Saudi is not going to exclusively take payment in the dollar that's it it's done and they've started taking payment in other currencies and so the petrodollar is dead and
Starting point is 00:06:54 so is biden's policies you know the biden cartel uh with their sanctions and things like that russia responded as you point out by taking payment in gold. And then they said, and oh, by the way, you know, we will cut prices by 30%. And they still wound up making a lot more money, an additional $300 billion more than they would have made over a very short period of time. Because the price of oil skyrocketed because of the U.S.'s actions. So they could cut their price 30%, take payment in gold instead of american dollars and still have a windfall profit and essentially the same thing has happened with natural gas even though they blew up those two pipelines going into germany there is still more natural gas coming from russia than it is from the u.s it's been an absolute failure everything that the american
Starting point is 00:07:42 empire has done has failed militarily and economically. And and yet it's going to have tremendous blowback on us domestically. You know, the rest of the world isn't buying what we're selling. You know, buy and sell under our system. If you deviate, we punish you and you have to use this debt ridden U.S. dollar that we continue to expand the money supply with to pay for our bloated empire the rest of the world said no and that's what that's what brix is all about and you really see i think the underlying current and what doesn't get talked about a lot is the massive move to commodities just in general whether we're talking about gold or silver about crude oil energy copper
Starting point is 00:08:23 uh you know mining all this uh and that's what the belt and road initiative really was about silver, crude oil, energy, copper, mining, all of this. And that's what the Belt and Road Initiative really was about, natural resources. But that's what the other countries are doing. They're moving towards commodities. We continue to try to dominate hegemonic dominance with the U.S. dollar and the American military, and that is waning. It's really happening faster than, than I thought, David, I thought we had some years and years left. I don't think we do. I mean, it's especially after losing the petro dollar and there's something to that because
Starting point is 00:08:55 nobody put up a fight in Washington. There was no like summit or can we fix this or, you know, an extension or anything. It just literally just let it lapse. And you see the rest of the world, they continue to grab up, you know, commodities. And that's really in the face of what's happening with fiat currency worldwide. And especially the dollar, there's just a change.
Starting point is 00:09:14 There's a change on the horizon. I think these other countries, obviously they know that they're running the simulation. Yeah. Well, you know, all these Western countries that kind of collectively comprise NATO,
Starting point is 00:09:23 the group of seven and all the rest of them, you know, the U.s is uh nothing but a kleptocracy anymore they wanted to steal all the russian stuff and even the european country said no no no we're not going to disconfiscate all that we'll take we'll take the interest that's being earned and give that to ukraine but we're not going to take all those hundreds of billions of dollars out of that but um you know the criminal u.s government as we have seen with all of these European countries, is weaponized against its own people and against its own system.
Starting point is 00:09:52 You can look at it and say, this doesn't make any sense unless you realize what the bigger agenda is for the globalists, and that is to take down Western civilization, to return us back to some kind of a feudal system that is under the technocracy. That is what makes sense. That's why they're not doing anything to try to
Starting point is 00:10:10 stop this. And that's why you need to get out of their system. They're pushing everybody towards a system of austerity, poverty, and total surveillance and control. That's why I like have physical, something that's physical like gold and silver that's outside of their system we have to have a little bit of that at least can't get 100 100 yeah and i think where we all get in trouble is we have normalcy bias all of us do i don't care how much you know about this or how much you research because you you you've got muscle memory from living and you know the decades past unfortunately all that's off the table and we have to be a lot more nimble a lot to have the ability to adapt faster uh you know my friend charlie robinson wrote a
Starting point is 00:10:51 book called the controlled demolition of the american empire along with jeff berwick uh i've read that book and i mean very astute very prescient because it was written a few years ago and just see the acceleration of everything going on with the american empire the american dollar the american economy and so you know we have to uh to channel our buckminster fuller said people cannot get out of the way of what they don't see coming it doesn't look you know if you if you're following mainstream it just seems like well you know the the stock market continues to be all-time highs and we've lowered interest rates, so there's cheap money out there and happy days are here again.
Starting point is 00:11:30 I think what we have is that they continue to inflate these bubbles larger and larger. There was an interview up on lewrockwell.com with Doug Casey. He said the same thing. At the end of the day, just continue to inflate this bubble so that when it pops,
Starting point is 00:11:45 with all of these metrics and models based off of earnings and all these things that I don't think are real, when that pops and when it collapses in on itself, we're going to see a real problem economically here in this country. It's going to start. I mean, it's probably going to start in the periphery, and then it's going to come home. And a lot of those dollars will be repatriated. We'll continue to lose purchasing power in the dollar. That's just a given. And again, the world's moving to commodities and we're still pumping up the stock market.
Starting point is 00:12:14 I think there's going to be a reckoning sooner or later. Yeah. And when you look at it, you talk about, I don't believe these things are real. Just take a look at the jobs report, which is supposedly the basis for them saying, well, even though the Fed cut interest rates, we're going to raise mortgage rates. Actually raise mortgage rates. How do they justify it? Well, you know, we've got this Bureau of Labor Statistics. I think the L doesn't stand for labor.
Starting point is 00:12:38 I think it stands for lying. and the Bureau of Lying Statistics, the people who told us that, just told us that they had inflated the report by over 800,000 jobs, the second largest false report that they've ever had. And of course, they're always doing it as a false report and revising everything the next quarter to make trends look good. But they put out this jobs report and Wall Street is so excited about all of it.
Starting point is 00:13:04 Zero Hedge says, if you look at this jobs report, and Wall Street is so excited about all of it. Zero Hedge says if you look at the jobs report, you find that there's a record surge of government workers. So it's not even real growth. This is parasitic growth, and it's a record growth of government workers, if that's even real. They can lie about that and put that in there. But that's what they're lying about. And now, you know, banks raise the interest rates yet again, even though we've got this big spread in which they're as the Fed drops their interest rates, they keep raising the rates that they charge other people. And then you got Wall Street all excited about this. It's absolutely fake to try to get people to think that Bidenomics works. And, you know, it's all just a stack of lies.
Starting point is 00:13:47 It's absolutely amazing that it's having this effect. Well, maybe they'll bring back, wasn't it FDR had the NRA, the National Relief Authority, or was it agency? I forget which one of the A stood for, but that's where they just had all these shovel ready jobs. And, you know, they increased the money supply because franklin roosevelt said turn in your gold and uh we'll replace it we'll give you this you know twenty dollars turn in your your twenty dollar gold piece we'll give you twenty dollars in fiat
Starting point is 00:14:12 currency yeah and then they sold all the gold or they got rid of it and went to basel switzerland and they raised the price of gold from twenty dollars an ounce to thirty five dollars an ounce so that's what happened to the money supply in 1933 into the great depression uh how'd that work out um well that didn't didn't bose again they uh prolonged the depression uh it went in until uh world war ii you know they had basically inflated their way out of it so you know again um i think that's what the lessons learned by governments and you know keynesian and then the modern monetary theory is we'll just inflate our way out. If you don't understand, especially now that we don't, it's not even technically backed by anything like it was technically backed by in 1933 to 1971 was gold.
Starting point is 00:14:58 The dollar is going to lose massive purchasing power in all of these moves, these austerity moves, because they're going to have to keep. Remember what Bloomberg said? going to lose massive purchasing power in all of these moves these austerity moves because they're going to have to keep remember what bloomberg said um we got to figure out a way to keep them from putting this to be taking us to the guillotine you know they know that they have to do something because there's going to be a massive loss of wealth here in the in the west we're talking about fdr having shovel ready jobs i think that's basically what's going on with these government workers and you know what they're shoveling don't you uh government workers sword is most on record uh and we've never seen anything like that um and so uh you know when you look at what is happening as these things are starting to come back there are things uh that are solid there are ways that we can get um make some preparations outside of this.
Starting point is 00:15:51 And just as we see with the weather storms, these kind of financial storms, the wars, and also going back to what is happening with CBDC and other things like that. Russia, Israel, others are still manically pursuing this cashless society, CBDC. But you talked about Russia and the fact that they're looking towards silver now more. Talk a little bit about that. I think this is a major story. I find all these little stories. I go, wow, I can't believe this is in on every network. The Jerusalem Post put it out. But Russia is set to boost silver reserves and major precious metals strategy shift.
Starting point is 00:16:28 Russia shifts its precious metals strategy, adding silver to state reserves alongside gold, platinum and palladium. By the way, they're buying all of those things, not just silver. But this is this has not happened in a very long time. David, if you read the history of precious metals like I do, you you know at one time um china was really the world's leader in silver i mean mexico produces the most uh but china was the world's leader in silver they you know they imported it uh they use it as currency it was very big and then of course after the communist takeover that a lot of that went out the window and even gold was banned for a for a long time in china i mean they still wanted it at the government but it was banned but used to the people and used in the economy so this is a
Starting point is 00:17:08 major shift in my opinion uh they must be looking obviously looking at the future like a lot of us look at you know the just the metrics of silver itself it doesn't make any sense the way it's priced right now i mean just given ge historically, even the market caps of gold and silver don't make any sense. It takes, what, 85 ounces of silver to make one ounce of gold. At BetMGM, Ontario's best casino action is just a click away. Play thrilling games like Premium Blackjack Pro, the dazzling MGM Grand Emerald Knights, or try to score in Gretzky Gold Lucky Tap. It's all here at BetMGM. Visit BetMGM.com for terms and conditions.
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Starting point is 00:17:57 BetMGM operates pursuant to an operating agreement with iGaming Ontario. You go and look at another metric, which I think is even more interesting, which is about 824 million ounces are mined in silver this year. So that's what it's estimated. That's down 1% over last year. So, you know, and most of silver mining is, it just happens to be that they're mining copper and they pull silver. They're mining gold. They're not going just after silver. And it's so cheap that it's
Starting point is 00:18:26 not profitable to mine. So you have a certain amount that hits the market every year. But what's been happening year after year is you have hundreds of millions of ounces that are deficits. So it's estimated this year, it's going to be over 200 million ounces again of deficit. So everything that's ordered on the market, they have to take 200 million ounces out of the above ground supply. It's not coming out of new mining or new refining. So there's a reckoning happening. Even that article talks about that.
Starting point is 00:18:55 I mean, just over and over again, you see the repetition that something's off about the silver market. So it looks like Russia is positioning to to reap the harvest of that i mean not only is of course there's the green aspect or whatever you want to call it with uh you know being used in solar electric cars evs all that stuff uh you know silver is the most thermo conductive metal it's also used in well the military industrial complex we talked about 500 ounces being in each tomahawk missile, but it's used in medicine. It's just across the board.
Starting point is 00:19:27 Silver has so many uses and it's super cheap. So I think, you know, if I'm a sovereign wealth fund, that sounds like a good idea to me. Russia's leading the way. What say the U.S.? How's our reserves doing? Is the government doing anything in the realms of precious metals? It doesn't look that way yeah when you look at what our governments are doing you know the u.s the uk uh european governments they are not doing anything that is to the advantage of their people unlike russia
Starting point is 00:19:56 and china i mean they're trying to make themselves more powerful militarily geopolitically economically even though they're making some really bad decisions like we see in China. They're still trying to do things in their own interest, if not in the interest of their people, certainly the interest of the central committee that has got a vested interest in all of it. But our government is absolutely turned against us. It's kind of interesting to see that Poland now has more gold reserves than the UK. Again, Poland is not really a part of this globalist takedown thing because it's a fairly
Starting point is 00:20:33 young government that just got out of, after the Cold War, they got out of the, from under the thumb of the Russians. And so there is so they're starting to move in that direction in terms of being puppets of the globalists. But they are proud of the fact that they've accumulated more gold than the U.K. has now. That truly is amazing, isn't it? But, of course, the U.K. has the most expensive energy in the world. They've shut down their manufacturing.
Starting point is 00:21:01 The country that got wealthy off of the Industrial Revolution is just eviscerating itself politically this is happening to them yeah well poland knows a thing or two about crisis uh it knows about world wars it knows it knows about economic hardship so of course they would i think they navigate uh towards gold uh yeah that's a re you see, these are really interesting metrics. You know, the dollar supplanted the British pound sterling after, you know, World War II and something Gore Vidal said that the British Empire and Great Britain basically became an aircraft carrier for United States of America. But that's what happened. It was the 19th century.
Starting point is 00:21:42 The gold standard was the British really held that title as being the world's reserve currency. That's really what you went to. And the gold standard really served, I think, to bolster the Industrial Revolution and sound money and budgeting. I think there was a lot of stability that was brought by the gold standard. And really, all that went off the rails with world war one um then they you know a lot of governments especially england you know made it uh stop trading in gold you couldn't uh you know get your notes redeemable and precious metals anymore other countries followed they tried returning to the gold standard uh you know after world war uh won and uh winston churchill that was
Starting point is 00:22:22 he was chancellor of the exchequer, and that blew up in his face. It was another political failure. They just couldn't do it. They'd expanded their money supply. They couldn't match it to their reserves of actual wealth. So again, they were really in decline after World War I, and then not being able to go back on the gold standard. And eventually, it was the United states that supplanted their currency you know the british pound sterling was right up until you know 1939 going into uh 1940 as you know was was
Starting point is 00:22:50 uh really used uh more than the dollar and now that just that was uh supplanted so interesting to see history you know move and i don't think you know we talk every week about the bricks and so i don't know that they're going to come with some unifying currency i just think all these countries are are decentralizing and using commodities and now we have new you know sophisticated cross-border payment systems the dollar's just being phased out i mean like it or not i don't like it by the way because i love my country i think people that they they don't know better and i think it'll hurt them you know that something's going to be something's done being done to their currency. It's going to be a horrific transition, but on the other end of it, if we can break this superpower of the Federal Reserve and their fiat currency, that would be something that long-term would benefit Americans, I think. But as Brian and Deb McCartney point out, going from a debt based economy to an asset based.
Starting point is 00:23:46 And that's why they're making these disasters in order to steal resources. And I think that's that's true. I mean, we we look at all the stuff and how they've leveraged it. Even in Poland, as they said, you know, symbolically, we've passed what the Bank of England gold is and said that's always been kind of our point of reference. And our goal is to have 20% of our currency reserves in gold. And we're just about there. So I guess the question is, what do they know? And why are they doing that? And why aren't you as an individual doing that type of thing?
Starting point is 00:24:20 You know, we look at what the central banks are doing. These are the people that got the fiat currencies everywhere. And they're moving away from all that stuff towards gold maybe we ought to do that individually as well well i think it's a good idea if you look at those who control the world's wealth i mean that's what they're doing and they're not telling you to do that you can always watch what they do not what they say at the same time that these central banks and the banksters are accumulating record amounts of gold they're also continuing to expand their tentacles into the reach of central bank digital currency these two things are going on simultaneously i would watch that closely because
Starting point is 00:24:57 they have a plan i mean and i think a lot of this is bailing out golden golden parachute, whatever you think. Again, whatever your phrase du jour to describe the controlled demolition or them knowing before everything crashes, I think they've run the simulations and the math, and we talked about $350 trillion worth of debt worldwide. Is the $350 trillion worth of assets really? I mean, they estimated it's $400 or whatever. And then I look and I see the market cap of gold is $350 trillion worth of assets really? I mean, they estimated it's 400 or whatever. And then I look and I see the market cap of gold is 16 trillion. David, that doesn't make any sense. I mean, I'm not an economist, but how can you have hundreds of trillions in
Starting point is 00:25:35 supposed wealth when the market cap of gold is 16? That doesn't make any sense. I think what you're looking at is there's going to be, again, they say they call it a great reset. They're going to reset all currencies and commodity pricing. And that's what the U.S. is in store for. I don't know what that means for the dollar, but it doesn't look good. Yeah, and of course, you know, the great taking and all this leverage of derivatives and all the rest of this stuff. I mean, you look at what happened in 2008. Those derivatives were really weaponized against us. Paleo Armory.
Starting point is 00:26:06 So silver is the way to go. I can't afford that much gold at a time anyway. And silver outperformed gold from 2008 to 2011 anyway. And it will this time too. The supply of silver goes down every year. That's what you were saying. There's just an article on Zero Hedge about silver could be huge they said yeah yeah so silver just mathematically doesn't make any sense and again i don't give investment advice
Starting point is 00:26:32 i just look at history i'm telling people um you know geologically it's 17 ounces of silver to one ounce of gold that's geologically estimated history shows us 10 to 20 to 1 maximum i mean all the way back to the egyptians um so even the romans the greeks you know the british empire ever even the american we were 16 ounces of silver to make one ounce of gold now it's 85 ounces uh but here's another tell if you actually look at the market cap which i just mentioned of gold's $16.4 trillion or whatever it is. Silver is $1.4 trillion. So that's $16 trillion. So Hamilton had it right after all.
Starting point is 00:27:12 Alexander Hamilton. That's what he pegged it to at the end of the 18th century. So I think we're looking at a reckoning. So I think it's across the board. It's not just precious metals i think all commodities the way that we've been pricing and what what truly represents wealth in the world is what i'm interested in because i see so much of it built on hype and fake and fiat and it's hard to know i mean you can still use a lot of that fake stuff to buy real things at least for now so that's uh that's what i'm looking towards david is is a pricing. I don't know when it's going to be, but that's the trend, especially with news like Russia using its silver as a reserve asset.
Starting point is 00:27:51 Well, and of course, you know, the other part of this that we've never seen before is CBDC and the surveillance state. They made no secret about the fact that they intend to watch everything that we do and control everything that we're allowed to do and to purchase and so forth. That in and of itself is something that we've never seen before. When you look at gold and silver, all of the economic pointers are pointing to instability for the long term. But we've never seen that kind of stuff with the CBDC that we've seen before. So you've got to have something as a hedge, not just against the financial unrest and this house of cards that they built, but you've got to have some kind of a hedge against what they're trying to enact, the surveillance state, and this kind of mark of the beast type of system.
Starting point is 00:28:42 That really is, to me, the overriding thing when I look at all this stuff. So right now, silver, rather gold, I don't know what silver has done this last week, but I know that gold has gone down in the low 2600s now, I think. And again, these things go up and down, but all the fundamentals show that um you know there's nothing fundamentally okay about any of the fiat currency so we can expect to see where that's happening one of the things i've talked about this last week tony was the fact that uh instead of pricing everything in terms of the dollar which is heavily manipulated a lot of people gone in and looked at the price of gold and a whole bunch of different foreign currencies including switzerland
Starting point is 00:29:25 other places and that um you know they're seeing a steady trend up you see much more manipulation and volatility if you look at gold priced in dollars but if you look at it in these other foreign currencies it's a much more consistent upward trend than even we've seen in the dollar but the fundamentals are there everywhere, it seems like. Oh, absolutely. I mean, it's across the board. I've mentioned before there's 52 times more currency on Earth today than when I was born. It's probably increased.
Starting point is 00:29:54 That's a metric from 24 months ago. So this is only going to get worse. And basically gold against every fiat currency. Gold wins over time. And there was a period, I think, that gave people a false sense of reality. Usually, looking back at 1980 to 1999, it was like a dead space for gold and silver. It's because you had Reaganomics, the dollar dominating the world. There was the collapse of the soviet empire there was a lot of uh you know globalization that was happening um what is it frank frank spookiyama said that uh he wrote the book is the end of history like the liberal democracy had triumphed
Starting point is 00:30:37 and all these markets were raging at the dot-com bubbles and gold and silver were flat i mean i think warren buffett uh took uh silver for a while and then you know decided not to go full hunt family and leave that alone he probably got the call uh don't do that because it exposes what's wrong with the dollar so they didn't go anywhere and um you know after the opening of the 21st century and especially 9 11 and the global war on terror all the stuff that the move the move to to make the Chinese most favored trading status, opening the WTO to them on December 11th, 2001. We've just seen a massive decline in the dollar.
Starting point is 00:31:15 That's really what this is all about. It's about money velocity, usage of the dollar, and purchasing power. We used to back that up with our markets. The world's just taken notice again 2009 david the net purchasing of gold by central banks wasn't zero but it was as close as you can get to it yeah they weren't buying they were they were stocking their reserves in their banks with dollars and now you fast forward to 2024, gold is second. It used to be the dollar, and there was about 70%, and then it was the euro, and then way down the bottom, precious metals, gold, commodities. And after Basel III, when the Bank of International Settlements made gold a tier one asset again, um, that's when everything changed in central banks started buying,
Starting point is 00:32:05 uh, gold at a record clip, uh, following 2009 and the great recession and TARP funds and all that. You know, Ben Bernanke said, well, they wouldn't do that again. Whatever is massively printed into oblivion. So that's the trend. Um, you want to look at the trend line, the trend is, is a race towards who has the gold and commodities and value in a world of fiat. And that's where I'm going. I'm not sticking with the fake. Yeah. Oh, absolutely.
Starting point is 00:32:33 Yeah. Privacy is important, and physical is important. And when we look at the house of cards that they've created, it truly is amazing. And it is all about eviscerating the West and empowering China. That's what the globalists have been doing since Kissinger opened up the path to them, and they've just been a steady progression,
Starting point is 00:32:58 iteratively moving in that direction, whether it's energy, manufacturing, and all the rest of this stuff. And, of course, energy is going to drive the manufacturing if they've got it at a big advantage. But even in China, they are getting very concerned. And you've got articles talking about the China doom loop. So we're looking at some very uncertain times. And we know what the long-term trend is. We can't predict the price at any given point.
Starting point is 00:33:20 But we know what this trend is going to be pretty clearly. Tell us a little bit about what's coming up. You've got your programs going to be uh pretty pretty clearly uh tell us a little bit about what's coming up you got your programs going to be following immediately following this one on thursday tell people about that and and give us an idea what's happening with um with wise wolf gold yeah every thursday art of burn radio transmission i used to do a daily show and i can't i can't do what you do and uh i've filled in for you one time and i remember telling you um like filling in on your show is like i'm gonna borrow your car it's a cadillac i'll bring it back it's even nicer than when i borrowed it i fill up the tank with gas i clean it and that's how i handle your show
Starting point is 00:33:53 yeah my show if you want to come watch it's like the duke's a hazard car we're just gonna we get a new one every week i crash it we'll see what happens uh but yeah i've got it's parapolitics and precious metal kind of a hodgepodge stream of consciousness and uh it's it's been fun i try to be consistent with it so yeah come come check us out at 11 a.m central time on rock fan on america unplugged channel and you're on twitter as well uh right i'm all yes i'm on twitter at tony arterburn you can find me there and go find me on facebook and friend me i you know i'm i got a little little meta blue check marks you know i make maybe it'll make it harder on them to cancel me i don't know i've had it for years i really you know go find me over there it's a good place to network uh for now anyway i haven't been
Starting point is 00:34:32 bothered that much in the recent years so uh yeah please do that we stream over there i have a really cool announcement i just it's only half of the announcement. Next week, I'll have something even cooler. But we have a new setup on Wolfpack. And so if you go to davidknight.gold and you just hit the tab that says Join Wolfpack, you'll take you to wolfpack.gold. I wanted to thank Yeka. Yeka, who works for me, she's my head trader. She put together, and this has been my idea for a while,
Starting point is 00:35:05 there's two separate tiers. So one is for gold, one is for silver. That's how we're starting. It's called Wolf Picks. Okay. It's just called Wolf Picks. And what it is, is every morning we set the price of gold and the price of silver. And if you go on there, it's no fees, free shipping. So you can't use a card, but you have to basically give us an email. We send you a payment link for a check, but we set the price of gold to the most competitive. We can do it. We look across the board, uh, at all our competitors. We set a set price in the morning and then we take it down in the evening and the same thing for silver. So if you want to get the best possible, now we don't know what that's going to be
Starting point is 00:35:40 because a lot of stuff comes into the shop. I might buy a bar. I might buy a coin. You could get a graded American Eagle long as it's a long as it's a specified i want one ounce of gold tony or i want you know it's it's a minimum of 10 ounces of silver so if you lock the price like right now we just set the price at 35 an ounce on silver silver bullion you could get american eagles you could get sovereign coins we don't know we're going to fill those 10 ounces with free shipping now you can go all the way up to 10 000. so it's a way for you to lock in trades like the best possible deal and then we take the prices down in the evening and reset them in the morning sometimes we may not it may be too volatile even listed but it's one of the ways that you can kind
Starting point is 00:36:20 of a surprise too you know it may be a maybe a bar it may be two bars it may be something that i have to fill your order give you an ounce that's what i'm going to do so uh it's it's a way that because we buy so much from the public you know like and a lot of that stuff doesn't go into wolf pack because it's too expensive yeah um like no there's not a tier really for an ounce of golf wolf pack so i just made one you can you can do do it's not automatic but you just go and buy one at a time so that's cool that's cool i like what you do you are constantly thinking of different ways that that you can help people and so now in addition to wolfpack we got wolf pick uh on a daily basis setting a price for gold and silver based on the kind of things that you're you're
Starting point is 00:37:00 bringing in in terms of buying gold and silver from people that's a great idea i really like that well um just want to i've got a comment here but we'll talk about that when i come back it's not you're bringing in in terms of buying gold and silver from people. That's a great idea. I really like that. Well, I've got a comment here, but we'll talk about that when I come back. It's not about gold or silver. Always great to have you on, Tony. And again, folks, right after this show, you can find the Artaban radio transmission and join Tony there. And he's going to talk to you some more about politics and about metals and all the rest of the stuff.
Starting point is 00:37:25 And that's something that we really need to focus on, especially when we look at how this is a plan. This is a plan to take everything down. So you've got to try to get outside of their plan. It's not like they're just incompetent. No, they're unfortunately a bit too much competent combined with their plans. So it's always great to have you on tony uh folks go to david knight dot gold and i'll take you to tony arteman's wise wolf thank you tony appreciate it thank you david of biased and false news has become all too common on social media Some media outlets publish these things as if they are true without checking facts first.
Starting point is 00:38:06 Unfortunately, some members of the media use their platforms to push their own personal bias and agenda to control exactly what people think. And this is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy.
Starting point is 00:38:33 This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. Break free from the usual script with The David Knight Show, a fresh perspective bringing you genuine insights on current events. But if the show is going to stay on the air, we'll need your continued support, sharing the show, subscribing, and even just hitting the like button all help. And if you found our show helpful, please consider donating and becoming a part of a community that values the truth because independent listener funded news untouched by corporate globalist agendas is extremely important to our liberties.

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