The David Knight Show - INTERVIEW Saudis Flee Petrodollar, Embrace CBDC From BIS

Episode Date: June 13, 2024

Tony Arterburn, DavidKnight.goldInternational sentiment continues to move away from the dollar despite interest rates held highThree more US states move to block CBDC and facilitate gold & silverSaudis continue to move away from the dollar, this time towards BIS' CBDCTony answers questions about gold ETFs and how to best hold your physical goldMoney should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Happiness. We all know what it feels like, but sometimes it doesn't come easy. 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. All right, joining us now is Tony Ardaban of Wise Wolf Gold,

and Tony has set up DavidKnight.Gold. That'll take you to his site. Let him know that you came from us. You can get gold or silver, small or large transactions. He can handle anything. And of course, he's also done something that's a bit different. He's set up a group buying plan. He calls it Wolfpack. And you can get in there at various levels and gradually set aside and save in gold and

silver. You decide from actually he's got like a kid's version of it that I think goes down to 35, but the regular one goes from $50 up in increments and you can sign up for whatever you want under a given month. And you get that group discount because there's over a thousand people in it now. So it's a great way to accumulate gold. If you want to do a metal IRA, he can help you with that as well. If you want to put some or all of your IRA into metal, he can help you with that as well. Joining us now is Tony Arderman. Thank you, Tony, for coming on. It's always great to see you. It's good to see you too, sir. Thanks for having me. Oh, it's great to have you. We had some interesting things happen

in the last week or so since we last talked and of course the federal reserve made their decision about interest rates talk about that how's that going to affect gold they decided not to lower them uh you know so everything's just fine isn't it everything's it's all transitory day everything's just fine uh i saw a a tweet uh from gold teleraph that made me laugh the other day. It said, we're almost to the point where Jerome Powell is going to come out and say, everything is OK. That's when that's when you hit the panic button. When you hear Janet Yellen or Jerome Powell saying everything's just fine. It's we're just it's all transitory.

And, you know, now we're hawkish and they raise rates faster than any time in history. It's interesting because you and I were talking off air and the European Central Bank has already lowered rates and people are looking to the United States to lower rates because even Jerome Powell saying, well, we realize that lower income people are hurting because of not just inflation, but stagflation, a downturn in the economy, lack of production, all that. Well, we're not doing that. We're not lowering rates, David. And I think, you know, you've hit on something. We've been having this discussion for a couple of years now. What's going on with the, what are they ultimately going to do with the rate lowering? Because yes, it does help the U.S. economy domestically, but we also have this issue of the dollar being the world's reserve currency at least that's the

that's what props it up you know jerome powell must be facing you know it's not just political pressure from an administration or the ruling class to lower rates to assuage the the people of the united states but he also has to contend with the loss of the world's reserve currency status. And again, the petrodollar, that agreement lapsed, as we talked about last week. 50-year agreement with the United States and Saudi Arabia just lapsed. David, it's amazing. You can't even find many stories about it on mainstream. It's a huge blow to not just our economy, but our ability to project power geopolitically. And so Jerome Powell, I think, is not just facing pressure domestically, but he's looking at what could be hyperinflation.

If the BRICS plus nations continue to dump the dollar and crude oil is no longer denominated in dollars. What's the whole point of valuing things in dollars in the first place? So we really have an existential crisis facing our currency. And it is truly amazing that mainstream is just not covering it. I mean, it's glaring right here in front of us. But you see people like Jerome Powell, and it's again's glaring right here in front of us um but but you see you see people like jerome powell and it's again when they come out and tell you everything's going to be okay that's when you hit the panic button oh yeah yeah well we'll talk about gold but let's continue

talking about the dollar because you mentioned the uh fact that um nobody's talking about the petrodollar and nobody's talking about the dollar being the reserve currency and of course that was all tied up with the agreements we had with saudi arabia saudi arabia has just joined the bank of international settlements cbd project that they call m bridge and this is something if we go back to 2022 they put out the bank of international settlements back in 2022 put out a blog post defining what Project M-Bridge was. I said it's a collaboration between the Bank of International Settlements Innovation Hub, Hong Kong Center, the Hong Kong Monetary Authority, the Bank of Thailand, the Digital Institute of the People's Bank of China,

and the Central Bank of the United Arab Emirates. And now here we are two years later, and Saudi Arabia is no longer doing its oil transactions exclusively in dollar amounts. They're now doing it in other currencies. And Saudi Arabia has now joined this CBDC project being put out there by the Bank of International Settlements. It seems like every country has got a CBD project. And then you've got the Central Bank of Central Banks, the Bank of International Settlements, setting up its own CBD thing.

And it looks like Saudi Arabia wants to get into that instead of being connected to the dollar. What do you make of that? Well, you're right. The Bank of International Settlements in Basel, Switzerland, that is the central bank of central banks that was set up indeed to do what it's doing, which, again, is to be a clearinghouse for all currencies and commodities. And, of course, that's where the for those who really study history, that's if you want to know where our gold went in 1933,

after Franklin Roosevelt signed the executive order for you to turn your gold in, they went to the Bank of International Settlements, ladies and gents. And, of course, the House of Saud is a very authoritarian regime. That'd be a perfect testing ground with not only just their transactions and crude, but Saudi Arabia is heavily investing in commodities around the world and partnering with China, which is also authoritarian so that seems to me uh the the perfect place yeah to to if you got cameras everywhere you know currency system they got their religious police and if they don't like the way a woman is dressed they send the religious police out to beat her on the street right well you know that can we can do that a

little bit more subtly right we can watch these women if we don't like the way that they're dressed um you know you don't have the full job on covering your face and everything. Well, we know exactly who you are now and probably can identify them from the way that they walk. But that may be a bit different with the flowing clothes and all the rest of the stuff. But if you violate it, you don't have those flowing clothes. And so you can immediately get a financial penalty. That might be so much more effective than sending the religious police out there to just beat you on the sidewalk.

They're almost authoritarian enough for Justin Trudeau to love them. But maybe just a few more lurches towards totalitarianism. Yeah, but you're absolutely right. That's their version of the social credit score. All bets are off in a world post-dollar. It's a post-Americanican empire world and we're watching this rapidly unfold again you see the uh the moves that are being made on the grand chessboard david i don't think if you study geopolitics it's unprecedented the the uh

russian rubles and that are denominated in dollars that were seized by the international community, really the United States, are being repatriated. And what, 50 billion some odd dollars are being repatriated supposedly and just given to Ukraine. Yeah. Countries are taking notice. And not only just the sanctions, but unprecedented moves to steal your country country's wealth um without a hearing without any sort of due process at all i wonder what lindsey graham's cut is on that

does he get one gold bar or something like that he's sticking his closet like his pal menendez he's got to get the 10 for the big guy um that's what's happening. And I think countries are looking around and they're saying, look, why would I want to risk the old Bretton Woods systems? It's clearly dying. And we've broken our own agreements, not just, I mean, Nixon in 71 broke the Bretton Woods agreement by taking the dollar off the gold standard that was set in 1944. So we've long since abandoned the Bretton Woods system. The world's taken notice. And I believe gold truly is the world's reserve currency as it stands right now. And we're seeing more moves by the BRICS nations

and the BRICS plus nations to have their own clearing currency and cross-border payment systems away from the United States. This is really, really bad news for the dollar but we keep accelerating uh its downfall david well i'm saying our leaders do yeah exactly yeah yeah once i was just thinking what uh i don't know what saudi arabia is going to call their cbdc but maybe they could call the wahhabi uh because it's this radical strain of islam even more radical than the Sunnis and the Shias. It is one way to enforce their rules on people as thoroughly as they wish. Let's talk about the other side of this, gold. I saw an interesting article on RT talking about how gold is getting a lot harder to find, says an industry body.

That's the World Gold Council. That was cited by CNBC. You've been talking about how this is coming, and you're starting to see the preliminaries of it for quite some time. But now it's official because CNBC has said it. So tell us what is new. Is there something new? Is why they're talking about this,

or is it just that they see this happening for the first time? Well, I think what people need to understand is that there's always been a supply issue with precious metals, especially gold. Eighty percent of all the gold that's available has been mined and is above ground right now. It's a finite commodity. And it's the reason it's a precious metal. It's hard to get, it's hard to manufacture, it's hard to mine. And again, it's the countries that keep their gold under more lock and key and

strategic and secret than their nuclear weapons, as we've discussed before. So what I'm saying now, and I think this is going to be... Happiness. We all know what it feels like, but sometimes it doesn't come easy. 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.

A continuing trend is that certain types of gold, the lower denominations and some of the things from the mints are starting to be less and less available. People haven't quite caught up yet, David, that physical gold is totally different than paper gold. Because I think a lot of people, they say, well, I can just go buy GLD right now. I can use my Schwab account and I can go and lock in so much spot gold ETF. Well, that may be true that you can lock in an ETF and you can lock in value against what should be the spot price for gold, but you're not buying physical gold bullion. It's the reason Costco runs out. That's the reason that they price gold bars in a certain way and then they run out.

Well, there's not an infinite supply. If we're talking about a fraction of people, that's a very small percentage of people that are buying precious metals, okay? This hasn't hit mainstream yet. And the reason it hasn't is because generationally, we just moved away from that. We've had the dollars, the world's reserve currency. It's been somewhat stable until the last five or six years. There's loss of value, but it happens gradually over time.

You don't notice it as much. It becomes a generational thing like, well, I paid so much for a house, but that's okay because it's inflation and you just accept it. But when it happens, it happens happens in these accelerating patterns people take notice well what what i believe david is that there's going to be a moment where there's going to be whether you call it a tipping point you call it whatever you want that people are going to be looking to place orders for precious metals and it's just not going to be there the time to do that whether it's you know rolling over a 401k or getting

getting out of the traditional systems if that's what you want to do or just making a purchase you need to think about that in the coming months there's there's going to be a shift away from the traditional markets at some point i don't know if it's going to be after this election year this is what i this is just my gut you know when I'm looking at the headlines and following trends. Being on the front lines, ordering though, I'll give you an example. We have to place orders for Wolfpack, and now we've got close to 1,200 people all over the US

that are automatic, not to count the one-time purchases for all of the tiers that we have, because it's a really neat thing if it's a you know 50 to 250 dollars you can just see those one-time things and people will go get them one at a time instead of when they can afford it well in the starting in the 250 at the alpha wolf level i put in a gram bar of gold we get these 100 gram bar sheets from Valcambi. Well, I was three weeks out. I had to place it three weeks out and pay for it before I can even get the product now. Because that's just how far out things are.

The fractionalized ability to break it apart and trade in that, as far as a denomination that is not an ounce is getting harder to find. At least that's what I'm seeing on my level. So that what that is, David, it's kind of like what we talked about with the the beans in China on the Shanghai exchange. And it's going into mainland China with with people using little gold beans about this, you know, for for trading and for for measurement. That's what I think is going to be a big strain on the system is people trying to get fractionalized. Yeah, it is interesting that in that bean function and you're going to see that, you

know, when there's demand, you'll see the gold appearing in smaller units and that type of thing as well. Michael Meharry is talking about the fact that ETFs are now having big inflows of gold. In other words, they're out there trying to buy gold, even though, you know, we know that there is no real careful auditing of this stuff. And as a derivative, they can, you know, say they've got stuff when they don't have stuff. And we know that they're manipulating this because you can see that these things are not going, they're not tracking gold um that was my first clue uh when i had uh paper gold i looked at it's like that doesn't make any sense why is that not going up or going down when gold is and i started

looking further it's like oh okay so this is the shanghai gold exchange we don't know if they've got any gold there they're just telling us like the federal reserve yeah we got that stuff here no problem well michael maheri says it's been a two percent increase so you got the central banks you got the chinese public you got the gold etfs starting to accumulate gold in a big way european funds as well yeah absolutely the central banks around the world are accumulating gold and we've seen this at a breakneck pace uh starting in the last months. They're breaking all sorts of records. I just think that's going to increase and continue. China's been buying off the books the beginning of the century. There's an argument to be made that the Chinese actually have more gold than the United States, who we haven't seen a balance of our gold holding since the 1950s.

Supposedly, we have all this gold in fort knox but again the the issue and the problem that the united states has is it's put itself in this predicament where if it buys gold and it goes on the market and it says it starts ordering to supply itself it makes the price go up and it weakens the dollar because the fake dollar is at war with gold so it's it's going to be a tough road ahead you know you have uh you have uh trump and rfk jr talking about bitcoin now and suppose i read an article this is uh on forbes and this came out in the last few hours supposedly the bite administration is going to start i guess doing something to ease up on its uh its uh reputation for being anti-crypto so this is whole you know

crypto argument going on in the presidential race and i think that it's not too far from them actually talking about precious metals that's going to be because precious metals don't go parabolic you don't really see them you know in the headlines as much i mean people get frustrated with silver as we've often talked about like why is silver so cheap and you know they kind of give up on it well that's what they want you to do because the elites are accumulating massive amounts of silver there was a 200 million ounce deficit last year with the above ground supply i mean they you know they needed so much more out of the earth they didn't get it they had to take it from the above ground supply so there's an issue with silver it hasn't done you know all these predictions with

gold bugs have usually with silver or gold it hasn't done that but just look at the look at the moves that gold has made and you know again know, again, what's it up? 30 something percent in the last three, four months. It's a crazy, crazy time to own gold. And but it doesn't again, it doesn't do what Bitcoin has done. So you probably see more headlines with things like that. But it's the same argument. And I think people are starting to go, well, if I can take these dollars that are not worth anything, really the psychological value that we give them, and you can just inflate your way out of a mistake, you know, they can inflate their

way out of liabilities. And when they do that, it's going to devalue all of your savings and holdings. So people, you know, even on a, just a surface level, even if they're watching mainstream media are starting to question all of it you know because it's it's showing up in our everyday lives david so it's it's going to be an interesting it's going to be an interesting rest of the year especially with the election but i start i'm starting to think that the loss of petrodollar uh bricks plus these sanctions i think we're hitting i'm going to hit a tipping point very soon and there's going to be a run, uh, on the, our, what, what our gold supply is. So that's, I think it's something to, to actually be aware of.

It's very interesting. We are in interesting times. And, uh, especially when you look at, uh, financial stuff, the foundations are shaking and cracking and, and moving underneath us. In response to that, we've had three States. We've talked in the past a lot about Tennessee and Texas and things that they have done. We've got three states that have also started doing things like saying,

we're not going to tax gold and silver as capital gains. We're not going to allow CBDC to be used as currency. And Nebraska, Alabama, Louisiana are starting to pass laws to accumulate gold and silver or to protect it or to double down and restate what the Constitution says about it being lawful tender. So I think that's a very, very positive move that is happening there as well. You know, I think the states certainly have an argument constitutionally to challenge the Federal Reserve on that level, just CBDC in general, the Federal Reserve Act itself.

I mean, no one's ever really taken that on. The states could do that, and you want to stop CBDC, that's how you would do it. You would actually start arguing in the Supreme Court over the validity of the Federal Reserve itself, constitutionally. That was never amended. The Constitution says that only Congress has the power to coin money, and it must be gold and silver specie. That's in the Constitution. So, again, I think we might see more and more of those types of arguments. But you love to see this kind of stuff, David. The state's making gold and silver legal tender taking off the sales tax people want to

trade in it yeah it's coming back you know we had we had a pause for you know many decades in this country not using gold coins or silver coins i see a return in that people are starting to take notice and that's because of the decisions made by people like jerome powell and the administration the deep state you know they've inflated their way out of all these mistakes and all this corruption, and now we're reaching the point where we're going a trillion dollars in debt every hundred days. It's an unsustainable system. It is. So people, I think, just naturally, if you're even somewhat paying attention,

you're going to start looking into precious metals as a trade. And that's true. You know, when you look at the state houses, they're not typically on the cutting edge of what these concerns are. And of course, the concerns about CBDC have been floating around now for several years. But I think that, you know, we're starting to get more of a response. And certainly many people are going there as activists and trying to awaken these legislators on that. I think that's a positive move, but I think it reflects the reality of what is involved here. People are looking at this. They see CBDC, for example, in Nebraska, the term money includes all kinds of coin, all kinds of paper issued by or under authority of the United States circulating as money. Money does not include CBDC. So, um you know they put that in there they they they gave a hat tip to the federal

reserve implicitly there uh but they they came after uh you know the cbdc specifically that's got a lot of people's concern and so um you know interestingly they did not mention anything about any cryptocurrency in that either uh so it's uh it's something people are starting to be very concerned about, even to the extent that you now have at least five, maybe more states that are passing legislation to address what they see as a changing landscape and the threat from CBDC. I got a couple of comments and questions for you here. Michelle Obama, and thank you for the

tip says alpha wolf baby i think michelle obama man is uh and on that and uh jason barker has a question for today again jason barker knights of the storm uh question for tony when will the metals etfs bubble pop when will somebody find out that the emperor has no clothes and the Shanghai gold exchange maybe has no gold? Well, that's a great question, Jason. And again, shout out to Knights of Storm and Jason Barr. All he does for FreeWorld.fm. Thank you so much for doing that. You know, I have, that's my question.

When does all of this get exposed? Um, I think, you know, on the other side of, of re valuating commodities, as we look the petrodollar it's lapsed, it's gone. I mean, it's in Saudi Arabia doesn't want to trade in dollars. They're doing the Chinese yuan and they're using gold. There's other things that they're moving towards. They want to get away from that system when things stop being denominated in dollars gonna have a real problem i don't know that it'll happen all in one day like it'll be a big reveal but i got to see this firsthand how fake that was at the beginning of 2021 there was a big run on silver you guys can go look up the timeline the same people who did game stop and they said, let's just make the physical silver market pop. Let's go, you know, let's do this just kind of like the Hunt family did in the 70s. And it was a big, I mean, I've never seen so many orders. They cleared me out.

I had to make future trades just to fill the orders that were happening. And again, had cleared me out of physical silver. I know pretty much every shop that I knew was out of physical silver. This is February of 2021. And the next day, the price went down. And so how can you be out in the real world in the third dimension? How can you not have physical silver to give people and be two or three or six weeks out at the trading floor, but somehow the price goes down. And they sold off 1.5 times the annual supply. And that's, I'm talking about the trading houses, 1.5 times the annual supply in one day to make sure that it looks like there was just a bunch

of sell-offs. So, you know, David, you and I have talked about- And where did it go? It just went into the ether i guess or something it went goes into the ether but there's something that they're protecting with all of this i mean if you really want to get in um stewart angler who i who wrote the book rigged on this and he's been digging into the rig gold market for you know many many many years as an organization to look into it. I've had him on my show. You just really think about it. The powers that be have a vested interest in keeping the price of gold stabilized because we saw what happened in the 1970s. It was $35 an ounce.

By the end of the 70s, it was $800 an ounce in some places. So it's up like 2,000%. Well, they have to put a stop to that because you're talking about runaway inflation and the powers that be are going to, it exposes the dollar being worth nothing. So there's a constant war going on with the establishment, not to get you to keep you away from precious metals. They really put a stop to that silver run, just like they did the hunts at the end of the 1970s. I mean in the 1980 was 52.50 an ounce that's like two or fifty or three hundred dollars in purchasing power today who really knows how

much purchasing power it is uh and because i don't think the true i don't think our our true reckoning of what what damage has been done to the dollar has really showed up yet even from the the last you know uh three or four years because we're looking at 80 of all the the dollars ever made were made in the last 60 months so i don't think that's all come to fruition so we really don't know the the the true timeline uh i think is accelerating because all these things are happening at once i mean just these big moves it's almost like it's almost like it's a plan David it's like they're they're not doing anything in our favor and they're doing all these arrogant

moves that clearly anybody paying attention geopolitically it's all going to blow up in your face again 50 billion or so of the seized Russian assets from around the world of course the the United States is the head of that It's just going to be given to Ukraine. When, when has that ever happened before without any sort of do just repatriated funds. So it doesn't mean a thing if it doesn't have that tea there, you know, I mean, unless it's a trillion, there's no point in even talking about it anymore. That's what it used to be with never Dirksen's I'd well, you know, million

here and a million there pretty soon. You're talking about real money. No, you're not. You're not talking about real money until you get into the trillions now, because now that's become the new currency, I guess. Uh, and, and that right there tells you something about, uh, corruption as well as inflation. I've got another question from Michelle Obama. And again, thank you for a tip.

It says, Tony, how can I protect against break-ins to protect my gold? And guard wants to know, he says says he's asking for a friend guard goldsmith i guess so uh yeah how do we protect that is the uh this the sixty thousand dollar question the sixty four that whatever it is now with inflation i think it's the hundred and eighty000 question, whatever it is now, David. But yeah, protecting your gold, protecting your silver. The first thing you need to do if you're going to guard that yourself is get something that's fireproof. You know, you can get one of those safes. You can go to a tractor supply and get you a decent gun safe for under $700. And that's, again, that's not cheap.

But you can get something pretty decent that will fire rated for about an hour. So you'd want that first. If you can hide it, that's also a good thing. If you can bolt it down, that's another good thing. But again, you can't, unless even if you have it, you know, the wealthy, they never have a bunch of gold or silver at home. They mostly are going to be in, you know, third-party storage vaults. That's what the super wealthy do. But if you're just a regular person like me, you want to keep your gold and silver at home or in a safe place that,

you know, something you own. Well, fireproof safe is the first thing. And, you know, the heavier, the better. Really what you're trying to do with things like that is just slow people down. Yeah. Oh, that's important. Jason Barker says ETFs are violating the law of supply versus demand. That's right.

They have tells you who's involved in it, doesn't it? If you can kind of there's got to be some government involvement in there at some level. If you can just of, there's got to be some government involvement in there at some level. If you can just suspend all that stuff. It's like the macroeconomics I would study in school. It's like, okay, so this is kind of like the physics of Looney Tunes where, you know, the rock is really dangerous and heavy. But if you get a big enough rock, it just floats. So, you know, you got to, you can really worry about, uh, keeping things balanced. If you're talking about your,

your own home budget or your business or something like that, but Hey, if it's a government, they don't have to balance anything. If it's such a big debt, it just floats. Um, it, it doesn't sink on its own weight. Well, that's right. And it has this, everything that's tracking back to gold and silver and finite and money and the changes that are going on you got the the deep state and those who rule over us they rely on the fake system everything tracks back to that if you you can't have any true reforms without having sound money first that's because the founding fathers knew that as well they they

saw what happened with the continental, you know, worthless as a continental. Again, that's fiat currencies all throughout history. They all go to zero and they really just prop up the ruling order while they print out the fake notes. So I think this is something that, you know, generationally, we're going to have a shift. People are starting to look. I mean, again, I see this all the time when I ran for office and I've been on the air for 11 years now. The people's attitudes have changed over this. They actually understand what I'm talking about when I'm talking about the Federal Reserve. You know, going around saying I want to audit and in the Fed. What does that even mean? You know, that was that was 10, 10 years ago. Now it's just I think it's mainstream and people are moving away from from believing in the almighty dollar.

And that's really because the the establishment did my job for me by making it so over the top. But, you know, by making it so obvious that you can't trust them. but again that's what they they need uh they need something that is unlimited without value and it cannot be tracked and cannot be accounted for they need that and of course in order to have any semblance of liberty you need sound money because you have to have accountability so there's two opposing things happening at the same time and it's going to be interesting you know what is it gresham's law right gresham's law states that when bad money enters the system, good money goes into hiding. Well, when bad money finally tanks the system, good money comes back in. Right.

So I think you'll see an inflow of things in parallel systems coming up with people trading amongst themselves. Cryptocurrency is very important to watch all of that as we watch this not even slow process anymore, David, of the decline of the dollar. Yes, yes. One of the listeners here says precious metals. Besides I said before that there'll be bullets, guns, water, food, shelter, gear, etc. Even your skills. There'll be barter issues and things like that, but it'll also be something if you have wealth like that, if you have it in different forms.

It's one of the reasons I like the goldbacks that you have. You know, something that's going to break it down into a smaller denomination. And gold just seems to have a psychological advantage over silver in most people's minds. Not that there's any real real advantage but it just seems to have that i think uh and so um you know when we we look at this and as you're saying once uh they they press this to they've done your work for you by making this so ridiculous uh that's what i was just talking about with um chat, chat. She PT in China, right?

He makes it such an absurd propaganda piece that nobody wants to use it. And so, uh, once they make this, uh, I guess we could have a, uh, a Fiat GPT, uh, when, when they have their CBDC, uh, we call it Fiat GPT. We could call it, uh, uh, that when, can call it that when they're printing all this money. But at a certain point, when they become so over the top in your face about this kind of stuff, people finally catch on and they move on. They move on to something else. And so I think we're at that moment now.

Everything truly is shifting and it's starting to shift more rapidly. To see all this plethora of legislation, even at the state level, that tells you that broadly people are losing faith in this Federal Reserve system. So that's why I think that they're not worried about fighting inflation. As Gerald Slinty has pointed out many times, if they wanted to fight inflation, they would raise interest rates above the rate of inflation, which they've not come close to doing. They don't even give you an accurate number on inflation. They don't give you an accurate number on jobs and unemployment or any of this stuff.

Everything they do is a lie, just like the cases during the pandemic was a lie. And so we don't really have any government metrics that we can look at. It's just what is their agenda and as you and i have pointed out many times i think they're more interested in protecting the federal reserve system than they are in protecting biden as an incumbent for example right uh they're they're content to let him twist in the wind by not lowering interest rates or maybe now people are saying well maybe they'll do one interest rate cut before uh the. But, you know, we'll see what they do afterwards. It's still not clear to me, you know, who they really want to win. They're doing things to help both of them, quite frankly, that none of which makes any

sense. So, you know, who have they picked? I just know that it isn't me that has any say over any of this stuff. But tell us what's going on at Wise Wolf. What do you have happening there? Well, you're absolutely right about, and I want to get to that. The World Economic Forum, the elite, the establishment, the Federal Reserve, they don't offer any sort of future or great alternative for anybody.

Nobody believes in that anymore. I mean, really, is anybody getting behind that, that wants something better for themselves? So they've already, and again, I don't think that the Federal Reserve is fighting inflation, David. I think what they're actually worried about is hyperinflation.

They're not, you're not, Gerald Cilente is right. They're not going to put interest rates higher above the rate of inflation to stop that. I think they're just trying to keep the system in place long enough. Maybe it's for people to get their golden parachutes or the establishment to make transitions into other things. But, yeah, they're not really concerned with the economy. Anybody who was truly concerned with the economy wouldn't have done what they've done to it. And continue to do with all the bans and mandates and everything you

know even about home appliances it's ridiculous absolutely and so i don't i don't i think their actual concern is uh losing control of the monetary system itself through hyperinflation i think that's really the issue it's that they know that there's going to be inflation they know there's loss of purchasing power it says how long can they sustain it that's my opinion but as far as a wise wolf is concerned just keeping the supply line open i'm in texas right now i'll be back up in missouri uh here in a couple of days uh to check on the shop in branson but it's just about you know i'm going to the trading floor a little bit later today and turning in some product for people and picking up some things um picking up some of that fractional

gold because I need it for Wolfpack. It really is going to be more and more. I'm up to the challenge. It's kind of an adventure to see how I can, especially if you join the Wolfpack. I did that because I've been in this business long enough to know that the big companies, folks, nothing wrong with them, but they have a they have a mission in mind and they really don't care if you have 500 bucks uh they want you to have 50 000 okay and that's they make their you know wolf pack is a lot of moving parts for me and my crew and everything to handle for not a lot of money at the if really in the scheme of things you know the gross amount of it at the in during the month is that's why the bigs don't

do this they don't target people at 50 125 250 even a thousand that's really not what they do and so we've taken that and turned it on its head which i'm really proud of and and again because everybody deserves the ability, if you've done, you know, for your work, to be able to put it into something that houses value. And gold and silver do that. You know, I read your Bible. You know, I read a little bit of the Bible every morning. I try to do some Bible study, a couple of pages at least. And mentions of gold and silver all over the place you know i didn't remember that when i was a kid you know just looking back through it you know especially in proverbs and

in the wisdom books they're all it's it's filled with that so you know again they've they're going to be part of our if there is a future and god willing you know there's a future then uh then gold and silver will be a part of it and fiat currency will too but it i think it's reached a point where it's no longer trusted we've had this experiment since 1971 of a free floating currency backed by nothing and we've seen how that ends up so you know the average lifespan of a fiat currency is 20 26 years david so we're uh we that and, uh, we're going to see how this all turns out. So I'm, I'm excited about helping people, uh, get out of the dollar, get into something physical. Uh, you're always welcome to contact me through David Knight dot gold and happy to,

to support this show and give, give you credit and, uh, and the crew, uh, the, the Knight family, which I, which I, uh uh so appreciate what you do and the message you bring here three hours a day guys you don't know how hard this is support david if you can't see not you can support him outside of what i do as well i mean you can go direct and go to the david knight show.com i'm plugging for you david because you hardly ever do it i'm the same way i don't plug for my yeah plug for myself. Yeah, it does get wearing at times. But yeah, and I appreciate what you do. I've been in a situation having a small business.

And how do you compete against the big guys that are on Wall Street, right? Well, you do it by trying to offer better product, better service, and that type of thing. And so that's one of the reasons why you go that extra mile, do that extra work that has a smaller payoff to help people with Wolfpack and things like that. And I think that's really important. And it says a lot about your business and what your focus is on. The fact that you're trying to help the little guys. You're one of us and you're out there trying to help people to get into this and provide some security and some privacy

and some anonymity for them. And we're at a situation now, we've had situations that many of us have been through with high inflation, and we've seen things get shaky with the dollar. But we've never had a situation where that is there plus CBDC. You know, it's like this time that we've got so many different factors that are happening all at once. And it truly is very unpredictable. As Gerald Slinty talks about, he says, well, I'm talking about trends. I don't make predictions. I don't know when something is going to happen.

But I can certainly identify the trend and see where that's going in terms of the exact speed or when it's absolutely going to happen. We can't make that prediction. But we see where the trend and see where that's going as in terms of the exact speed or when it's absolutely going to happen we can't make that prediction but we see where the trend is headed and so we just want to be on the side of privacy liberty and uh and keeping uh keeping what you've got as these people trying to steal everything you've got and the eats the bugs thing has become everybody says that now that message has gone out and i think even to that extent you know they got to roll out klaus schwab and at least pretend to put somebody else there in charge uh and so this is uh you know what is happening things are rapidly changing and um you need to to find things that have been around we need to go back back and reexamine the foundations, as you pointed out,

as these ancient books, gold and silver were money then. They're still money now. They're going to continue to be money. Why? Because money is what you really trust. And nobody trusts the dollar anymore than they trust Klaus Schwab. That's right. It's all in the same category.

Well, you got a program that is coming up after this show ends. Tell people about that, where they can find it, where they can find your shows, as well as of course, David Knight that takes you to Wise Wolf Gold. But what about your shows? David Knight Yes, Arterburn Radio Transmission. I reschedule it every Thursday. So I come on your show. We talk a little bit about the markets, gold and silver and geopolitics, and you can follow me 11 a.m. central time. So here in what, uh, uh, 50 minutes or so we'll be, we'll be live on rockfin.com and the America unplugged channel and, uh, on my Twitter at Tony Arterburn, uh, and free world.fm.

So be sure and be sure and tune in and, uh, say hi in the comments. Anybody's welcome from, from this show for sure. That's great. Free world, uh, free world.fm, uh, where it's where people can find you as well as on rock fan. And, um, all right. So, uh, again, thank you, Tony. Thank you for all your support.

And, uh, it's always great talking to you and seeing you every week. It's the only time we get to talk really when you come on here. So I do enjoy the times that you do come on. Thank you so much for all of your help. We really do appreciate it. I appreciate you and happy Father's Day. Well, thank you. Looking forward to it. When is that, by the way? Sunday. What's that? It's this Sunday. Sunday. Okay. Well, okay.

I got to exercise my privilege here and try to get something there. That's interesting. I remember one Father's Day that sticks out and will stick out my entire life was how depressed I was in 2020, looking at how foolish the people of this country were to believe the panic and the lies about pandemic stuff. It was so depressing. I'll never forget that. I thought, we're done. Yeah, nobody's ever going to wake up to this stuff. But things are starting to turn around. And, you know, when you have a situation like that, there's no place to turn to but God. And so that was a very memorable time. But we're going to talk about the pandemic when we come back,

because they, they're still, there's a lot of people out there that you can fool them once, fool them twice, and you can keep fooling them forever. And, we'll talk about the methods that they're using to fool people and what they're now telling us when we come back.

Thank you again, Tony, uh, David Knight, die gold. Take you to Tony Arteman. Don't forget to tune in after this show. Thank you, Tony.

Appreciate it. Thank you, Dave. 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

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