The David Knight Show - Interview: The Controlled Demolition of the American Financial System

Episode Date: September 10, 2026

The Trump family just received the only stable coin bank charter in existence — one day after Scott Bessent threatened foreign countries over interest rates — while M2 money supply growth hit a 59-month high and the true money supply is up 226% since 2009. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Welcome back and joining us now is Tony Arderman of Wise Wolf Gold. Always great to have Tony on and there is a lot of financial news, just like there's a lot of news about war and oil and all the rest of stuff. There's a lot of news about gold and the dollar especially. A lot of shenanigans have been happening in the last week or so. And again, you can get to Wisewil Gold. If you go to David Knight.gov, I'll take you to Tony. And he has an excellent system that is set up. Of course, you can buy any quantity of gold or silver that you want there.

He operates at a very reasonable profit margin. It's always a good price there. But he will also let you take advantage of a group buy if you get into Wolfpack. And you can start to save on a monthly basis. And you can set up as little or as much as you wish, really, to start accumulating gold and silver as an insurance policy. to start converting your rapidly evaporating fiat money into something that has always held its value. And so that's an excellent program. I don't know if anybody else that does that.

Thank you for joining us, Tony. What's on your radar this last week? We've had so much happening. It's great to be back, David. Yeah, last week towards Labor Day, I took off and I went to just, it's not something I regularly do, but I took a break. I went to Colorado. Good.

And while I was out there, there was a story that came across. I tried to stay off the news feeds, but there was a story that came across, and I thought, is this really have? I thought it was a parody, but I found an outlet that actually covered. That's the world we live in. Yeah, I thought it was a parody. I couldn't quite tell because I was like, let me, I read it four times. And I like, that can't be right.

But it was. Trump went on true social. And the independent and UK put out the headline that actually covered what he actually said. Trump threatened to stop trade with other countries. if the U.S. doesn't lower its own interest rates. He went on truth. This is on the fourth. So it was like, you know, towards the Labor Day holiday.

This is the synopsis of it. Trump threatened to halt trade with every country that runs a surplus with the United States unless the Federal Reserve cuts interest rates, tying together two things that are not connected by any mechanism of American economic policy. Well, because it's a temper tantrum, right? It's like if they don't lower interest rates, it's going to make me so mad, I'm going to do this to you, right? And it really is insane, except that there seems to be a plan. I think one of the things I covered last week, Tony, was a substack called Leophiles.

And she's somebody, she said she used to be a CIA analyst. And she came up with a sequence of events that have happened in the Trump administration. First of all, the big win that Maga will tout that Trump prohibits CBDC and said, well, when that happened, if you remember, we talked about that and said, yeah, that's just a head fake. They're going to set up a private digital currency. I call it a CCDC, which comes after a CBDC. It is the crony capitalist version of it. And then we see who the crony capitalists that are going to benefit from this are going to be.

To me, it was kind of up in the air. Well, is this something that's going to be set up to benefit Lutnik and his Tether, a stable coin that he already has had up there for a while? He's highly connected to that. And, of course, Tether gets it. Federal Reserve notes that supposedly make it a stable coin. They get that through his Cantor Fitzgerald Company. And so they pass legislation saying that stable coins are going to have to have a pretty

high percentage of treasury bills there. And you and I have talked about that, how they are having trouble selling the T-bills and the bonds. And so what they're going to do is fold that into a stable coin and sell it to people a little bit at a time. You know, it's like it's kind of like the fluoride in the water, right? You got all this industrial waste, and it's going to cost you a lot of money to get rid of this hazardous stuff. So let's just sell it to the people, and they can drink it a little bit at a time.

And we'll have to worry about getting rid of this stuff. So that kind of toxic monetary waste, they're going to sell that out and dole it out to us bit by bit as they enact controls. But there's always, when you look at the Trump administration, there's always going to be one aspect of it that's going to benefit him personally and or the people around. around him. And so now we can see that unfolding as well. As Trump is threatening other countries, so was Scott Bessent, just a day after they gave a bank charter to the Trump family. So now the Trump family has the only stable coin out there that has a charter. So they're trying to kick people out the dollar system, and Trump's going to have the only alternative there. It looks like these people are setting themselves up to be the new Rockefellers or the Rothschilds, doesn't it? I think it's just a

coincidence, David. It can't be any grift inside this administration. You know, you go back to the first Trump administration and you and I covered this. It was Jared Kushner that was talking about the blueprints of CBDC. It wasn't the Biden administration. They didn't start that. It was the Trump administration. And Biden put out the executive order that all branches of government should start looking to implement CBDC or a report back of how it could be implemented. And it finally caught on into the consciousness politically that, you know, the term CBDC and I was talking about it.

It was interesting how fast it caught on. Yeah. The Trump campaign used it as a weapon. I was in Nashville when he went there in 24 during the campaign to say that there will be no CBDC when he was at the Bitcoin conference. And I thought, well, that's interesting

because, you know, it was Kushner that pushed it. What will be the alternative here? They're not going to scrap the digitized dollar system. No, they're going to make it worse. It's a public-private partnership, as you mentioned, which is the definition of fascism. That's what they're going to implement or in some direct way to benefit themselves. And if you look at something like Tether, Tether is acting like a central bank.

It's not merely a staple coin, David. It's got a $187 billion market cap. Well, that's three months ago. So I don't know what it is now, but it buys gold just like a central bank. bank. So something I your thesis I think is 100% correct and they're going to do something and it's maybe

like a valve like you know with the current system imploding and who knows where we're going to go with that I mean you've got the Fed talking about raising rates in September and the reason the raising rates is because inflation is bad inflation is worse because

of what we've done in the Middle East than the price of energy. The price of crude is driving that. So it's like we expanded the money supply through quantitative easing and we're going to have to raise rates. No, the damage that's being done from energy prices is causing them to have to raise rates. But that will also create the need for intervention. So again, it's, it's this creative destruction or a control demolition of the financial system that will give rise to these off ramps and new systems that will enrich the very few. And again, it's not, and it's not a pleasant thing.

It's not something that's going to benefit the American people or the people of the world with these new stable coin systems that they're going to do. But I think that is where it's headed. I agree. Yeah, they're going to profit off of this stuff like Larry Silverstein profited off of 9-11. It's a lucky. You know, it is an inside job. It is a controlled demolition. And so lucky Silverstein and lucky Lutnik, they made a lot off of that situation.

But, you know, the Wall Street Journal said, look at what Besson is doing. He said he's a one-man Federal Reserve. He's setting himself up to do this. And when you go back and look at his history, that's one of the other things that Leah was talking about in the Leophiles. And again, it's her tying the stuff together. I agree with what she has to say. But she said, look at his history.

And I've said this as well from the very beginning, anybody that is connected to Soros, you typically would have the alt-stream media, the right, the people who cheer Trump, would come out and say, oh, this guy is absolutely unacceptable, right? Acceptable. And yet they look the other way when it comes to Scott Besant. They don't care about his association with Soros.

And what did he do with Soros? Well, they broke the Bank of England. He made like a billion dollars in one day doing that. And then he made over $3 billion doing the same thing again against Japan. And so when we got this guy there, if you want somebody who is like taking somebody who has a long history of doing building demolitions and putting them in charge of security of the World Trade Center towers. And that's what we've got.

We've got a guy who specializes and controlled demolitions of countries that have overextended themselves like we have. So he's got the right personnel in place for this. And I think we're going to see this expanding rapidly. And, of course, you've talked many times, Tony, about how rapidly the money supply is growing. there was a new article that came out yesterday from Mises talking about money supply growth has accelerated in July to a 59 month high. As a matter of fact, they are rapidly growing the money supply rate. Shortly after we come in the new Fed chair, Kevin Warsh said, well, we're going to

take care of inflation, except everybody looks at the interest rates and nobody really pays much attention to the money supply growth. And what he is doing is as inflationary, if not more so than if he would take the interest rates down back down to zero, I think. Year over-year growth in the money supply was 8.62%, Tony, up from June's year-over-year increase of 8.59%. Prior to that, the previous year-to-year growth of the money supply was 1.4%. So they're ramping this thing up rapidly. And as they point out, it's very strange to see this type of thing being done when you look at other economic indicators. When you look at the price of many things and the jobs, we look at regular inflation and the core

inflation measures that they have, it's very unusual for them ramp up money supply in this fashion. And they talk about the fact that there's a couple of different measures for it. One of them is the true money supply measure, the TMS, which came out with Murray Rothbard and Joe Slearno. But then, of course, a traditional one of M2 was actually outpacing even the true money supply, and both of them are up significantly. So the TMS money supply is up more than 226%. M2 has grown by more than 170% since 2009.

And so what's going to happen with that? You know, don't you? Well, to me, the head fake, know, Warsh, who's now head of the Federal Reserve, was supposed to come in and lower rates. And it was, he was expected to be doveish. And that was the sentiment because Trump, you know, again, even threatening Jerome Powell with an indictment or for the cost overruns on the wing of the Federal Reserve. But like unprecedented criticism and pressure from the executive branch on the Fed. And that created Warsh. And then Warsh came in and said, oh, no, we're going to either hold rates or raise rates. And it's very confusing because, then you see somebody like Scott Besson, who we're 10 billion now in long-term bond buybacks, which is guanatea vizing.

So the Treasury is now getting in it on this game in currency creation. And looking at Scott Besson, too, it reminded me of Fauci. You remember Fauci said, you know, when you criticize me, you're criticizing science. And it's something that Fauci said, well, this last week, Scott Besson came out and talked about not only the intervention in Japan, but the long-term bond buybacks. And he said, I am the house now. I don't know if you caught that. When you bet against the house, I am the house.

So go ahead and do that if you want to. So that sort of egotism, I guess, fits right in. But it definitely is an inside job. And we're not privy to everything that really the mechanisms of the plan that is unfolding. But it's not what it seems. I mean, I don't even, you know, if you look at the end game, for what they would have to do in order to maintain interest rates or keep the money supply in a stasis and not expanding and not creating more inflation,

it wrecks the entire economy. Because we're on a debt-based system now. And currency creation and easy liquidity, and the first people to be affected, the most would be just average everyday workers and small business people, which are going to get hit the hardest when they either, continue to keep rates where they are or if they raise them, which is, that's where the smart money is putting the bets on raising rates in this month. I don't, you know, again, David,

I think there is a consensus among the elites that the American financial system is going to be reset. And those who are in the know, we're going to get their golden parachutes. And those who are watching the old playbook, which I think is going to be very detrimental at this point, because I don't I think you can use history as your guide to what's going on in the past. We've discussed many times. You just don't have the maneuverability of like a Paul Volcker like in the 1970s and 80s to mess with interest rates or do anything about the money supply from the Fed. So this is going to come from, I think, something looking like what Scott Besson is actually

doing, which this Treasury's never done, which is buying its own bonds back and buying long and liquidating those in direct intervention. And you mentioned, too, the financial D-Day, which is because of the war with Iran, which is, I guess, not a war, right? Which is so insulting. When people say, when you, people fighting, I heard people say that about Afghanistan. Oh, it's not really a war. I just got back from there.

You could have fooled me that it's not a war. But, you know, it's interesting. They got this financial D-day. and I started watching like some of the trends that have happened six months ago with the with the Hong Kong gold exchanges and things that are going on you know not just the the Shanghai gold exchange but Hong Kong I thought was really important get a hundred tons of Russian gold flow into Hong Kong and those those storage facilities that they're building. China especially is the key here because if if Bessent and the Trump administration are going to create a financial. D-Day and all these countries that trade are going to get sanctioned and gold is a sanctionable asset. What are you going to do about that gold in Hong Kong? You know, what are you going to do about the, are you going to sanction the Chinese because they're dealing with countries that are

dealing with Iran? I mean, give me a break. You're not going to be able to do anything. Nothing is too stupid for Trump to try. Whether or not he can actually pull it off, that's another question, but he might be stupid enough to try that. I mean, look at, look at a ways to know with Canada, for example. I mean, it's insane what he's doing. It is truly insane. I guess I had to read that article and the true social post that he put out just before Labor Day. We're threatening other countries because of what the Federal Reserve may or may not do with interest rates. Threatening ourselves, to unpack that logic is you have to speak clown.

I know we live in the clown world order now. Like I've gotten pretty good at doing this, but I have to filter through and make sure, is this even real? Like, are we that dumb? Like, we're really doing that. The movie airplane, you know, where they got these two bike guys, they go back and they're going back and forth and stewardess can't understand them. And the old lady stands up and says, wait a minute, I speak, jive. You got to be able to speak clown here, I guess. It's getting more and more difficult, David.

I mean, you know, trying to use, and I read a lot of books on economic history and, you know, history of gold and things, which always learned something. is always fascinating. Monetary history is so closely tied to, you know, the philosophical and sociological history of mankind. So that's my wheelhouse. And it's interesting as we get closer and closer to this new economic world order and closer to the Great Reset, it gets blurry because you don't exactly know what is happening because it doesn't make any sense. I mean, you know, you and I discussed over the last two years, we lost the Petro dollar because of, our inability to sign another deal or to, you know, get an agreement. We just let the agreement lapse with the Saudis that was in place for 50 years.

And slowly, you know, and then suddenly we've had all these countries stop using the dollar to denominate the purchases of crude oil, which was the whole point of having a petrol dollar post the Nixon shock of, you know, 1971. we were supposed to have this linkage of energy and the dollar, and we just let it lapse. But now we're back in this region trying to create dollar supremacy. Is that what we're doing? I hang a question mark over because we're certainly hurting ourselves. It doesn't make it.

There's not a lot of logic in it. That's the plan. You've got to understand it's about hurting ourselves. It's just like our educational system is not about educating kids. It's about deliberately dumbing them down. These plans that Trump has out there are really about. harming America, I believe. It's part of a great reset. And unfortunately, I agree with you and something that, I mean, you and I've been talking about

this for years. It gets worse, progressively worse. Each quarter, each quarter, each financial quarter, it looks less and less reasonable. There's less and less logic in it. And so the only thing you can point to is that there's a controlled demolition of the American financial system going on. Anybody could clearly see, like, what we could have done in the last two years where we could be economically, there was a lot of opportunities for growth. There was a lot of, I mean, we, again, it's, it's the tragedy of all of this is the, is the stab in the back. It's the betrayal of everyday voters and, you know, people that are grassroots and people that put Donald Trump in office a second time, by the way,

which is unprecedented. Like, a lot of history has happened. And unfortunately, it's happened, and it's been detrimental to the American experiment and to, uh, to, the American people, and now to the world. So dangerous times, I think it's why the underlying wisdom in the financial sector right now is the debasement trade. I don't know if you've heard that term, it's gold, silver, Bitcoin. That's the debasement trade. It's just, you know, infinite printing of currency, the ever-expanding worldwide debt, not just the 40 trillion, which is, you know, not counting the unfunded liabilities of the United States. So just 40 trillion.

But you're looking at like 350, 360 trillion dollars worldwide. And it's expanding rapidly. It's reaching that critical mass stage where that's what the great reset is all about. So we're in an interesting time. So the debasement trade is what I study. And, you know, you don't have to be a genius to figure out that finite, limited resources that hold value. are going to be infinite fake resources that are put into the system. I think in an expanding rate, the likes of which we've never seen before.

I mean, that's the thesis of the big print from Larry LaPard. I think I've read his book. I think it's spot on. Eventually, regardless of rates or what the feds function, and they want to keep inflation around 2%. Well, that's crazy. It's way outpace that. We're so far removed from any sort of like sane fiscal policy.

So they can talk about raising rates all they want. They can't. Not really. Not any significant way. So there will come this intervention. And that's what I think is on the horizon. So regardless of the prices of, you know, gold and silver or Bitcoin or something,

I don't even watch that mostly unless there's a, I mean, when there's a downturn, I think it's great because I buy more inventory. because I think, you know, I'm not going to lose this, by the way. I'm not going to five years from now, we're not going to look back and go, well, you know, we lost all that equity in gold. It's not going to happen. It's not like going to.

Because I lost all that equity in the dollar is what we lost. That's exactly right. Yeah. It is truly amazing. And when you look at, as you point out, it's the printing in it, the Austrian economists, and of course, that's what Mezes is focused on here. They'll always tell you that inflation is always the money supply and the price. printing of it. And this is what they say about. They said, you know, it takes a while for this stuff to show up. It's like the tariffs, right? We all said the tariffs are going to be passed on.

Well, they weren't passed on immediately, you know, the same day. It takes a while for it to work its way through the system. The same thing is true of this massive increase in the money supply. They point out, they said the absence of monetary inflation, rising prices in some areas will require falling prices in other areas. And yeah, we're seeing massive right away, the increase, even though even the increases of the pump were delayed a bit because there was a lot of oil that was already in transit that was already on the water being brought to places. It took a while to see that didn't go up exactly the same day. But it said only in the presence of a growing monetary supply can there be a general increase in prices. And that is what we're seeing now.

Even as energy prices are rising thanks to Trump's wars and his trade barriers, we continue to see rising prices in most other areas as well. including food, real estate, even apparel. This is made possible by relentlessly rising money supply that's engineered by the Federal Reserve and, of course, by Scott Bessent. And that is really the Austrian perspective of this. And when you look at everybody trading on the increase of the lowering of interest rates by a quarter of percent

or something like that, that is not a meaningful policy, as you just point out. And they can't make any meaningful changes in terms of fighting inflation. by raising the interest rates because the debt is too big with a 40 trillion dollar debt. As you pointed out, they don't have the kind of flexibility of Paul Volker did. So they can't really do anything like that as it shouldn't really affect anything when they talk about what they're going to do with the interest rates.

But it's just like they trade on Trump's pronouncements about his victories with Iran. It's all pure fantasy. And I think they know that. And I think they use those pronouncements, those headlines and, oh, look, he changed interest. rate by a quarter percent one way or the other. They use that to manipulate the markets and to manipulate the people who participate in the markets. I think that's really the only significance of that stuff. I think so, too. It's vulture capitalism, not venture capitalists. It's vulture capitalists and just making money or making currency. I don't know we even have. We call it money anymore,

but they're just skimming the market through these insider deals that don't create anything. If you go back to the movie Wall Street in the 80s made by Oliver Stone, and there's a character called Gordon Gecko, you know, and Michael Douglas plays Gordon Gecko, and greed is good. And he says something in that movie that if you follow the logic of the Wall Street types, he's like, I don't make anything. I own. I create nothing.

I own. That's what he keeps saying. And I thought about that for years. Like you create nothing. And that's what this is. There's not a creation of anything. So while you're watching the hell, headlines of what the Fed may do or a quarter interest rate, whatever it is, 25 basis points,

and all that insider stuff to skim the reactions. It's not about making anything. Meanwhile, what you should be looking at is, oh, the Netherlands is moving their gold out of the United States. Oh, the French are moving their gold out of the United States. Oh, and again, like Russia is putting 100 tons of gold in Hong Kong. Like all of the, where is the, where's the wealth flowing? and where is the because that's going to give you the snapshot on what happens tomorrow or for a year from now, which is really important. All this other stuff is short term nothingness. It has nothing to do with production.

And I think that's the sickness of where that's, you know, the other aspect of having a fiat currency. And you can see the timeline when we went off the gold standard. And you know this by better than anybody. We went off the gold standard. We still had that remnants and muscle memory. of creating some sort of fiscal stability. Like there was for a long time people in Congress, the presidency, whenever there was a run for office,

it was always talking about fiscal responsibility and doing something about the debt. When we reached about 2010, nobody talked about it anymore. Like there wasn't after that last wave where John Boehner was elected to the House. And there was a few things about Obamacare and some budget back and forth. was the birth of the tea party.

And then you just never heard anybody talk about, besides Thomas Massey or somebody, you know, like, but it wasn't in the popular lexicon. It wasn't in our discourse. Yeah, we just do whatever we want, right? It's like Trump said about his personal corruption. He said, I was really very careful the first time. Then I realized nobody really cares.

So it's just, in your face, corruption, grifting, and graft all the time from this guy. And it's just like, I like the term that you use muscle memory. It really is like that, isn't it? It's like, well, you know, we really can't do this. Can we go? Well, why do you say we can't do it?

Of course, we can do whatever we want to. We can get away with it, too. Yeah, it's something like, you know, akin to the French encyclopedist when they came out like the during the Enlightenment. And, you know, none of them would dare leave, you know, Christian values, but they didn't want to be Christian. You know, they, and they, I think it was Will Durant that wrote, they lived in a shadow of a shadow. So we're like, we're in like a multifaceted shadow of our, you know, our ancestors

and people that built the United States as the manufacturing marvel of mankind, this financial powerhouse. And we don't even talk about fiscal responsibility anymore. And we don't talk about the deficits. We don't talk about the consequences of that because it's too hard. It's the exactitude. You know, you have to, then you'd have to be rational. I absolutely agree. We've got to take a quick break here at the top of the hour. We're going to come back. And when we come back, Tony, I want to talk a little bit about what's going on in states like Missouri and Texas in terms of making moves toward gold and silver as legal tender because I think that's a very important issue and it underscores what you've been saying. We'll be right back, folks. All right, welcome back and we have Tony Ardabon of

Wise Wolf Gold with us. And of course, you can get to Tony through David Knight.Gold. We've got some questions here for Tony. Hatchcar 61 says a question for Tony, or rather his comment on the recent bill passed in Missouri making gold and silver legal tender. I've heard there's lots of other good provisions in it as well. What do you know about that, Tony? What do you think about that? Well, I've been paying attention to that and what's happened in Texas. And of course, it was set to go into law, I think, in the last couple of weeks. And so I think both these are very positive moves, especially, I think Texas, too, because they've made it to where, you know, businesses can accept golden silver. You don't have to, but gold and silver are legal

tender. I believe the Missouri bill is very similar. And I think this is so positive. Just going back to a system where you recognize that gold and silver are money legally in the legal system, I think, sets a lot of precedents that are all positive. You know, from a standpoint of like my own business, I've worked out like, how could I help people? And especially if you're a small business, I'm thinking, well, if you want to take gold and silver's payment, you're going to have to figure out how to verify buy it. That's the one thing about, you know, gold and silver being in this business for as long as I've been in it. I realize, like, there's a lot of great fake gold and silver coins that come out of places like China. There's some stuff that'll fool the tester because it has enough, you know,

actual metal on it, you know, not to draw a magnet and to pass inspection. So I've had to be really careful over the years. And we've been, thank goodness, we've been very successful at keeping the fake out of the system. So I think that will be a little bit of a drawback having, it's your small business if you're operating in that sphere and you want to take gold and silver as payment. You probably will need a third party verification source if you're not skilled in it. Like I would be like I can tell if, and I've been in this so long, David, and this is my

life. So if you hand me a coin, generally know if it's real, if you put it in my hand. Sometimes I can, as I have people come in and they'll put stuff on the counter and I'll just look at it. I go, oh, that's not real. I'm so sorry. And they're like, oh, it's not, you know, a lot of the, it's the markings or the texture. And I don't know, just the way that the, the fakes look, but they've got some really good fakes now.

So I think all that's positive, setting precedents, getting that into the minds of everyday people that. That's the key, I think. Yeah. Yeah. You don't have to ride the Fiat train. You know, we've gone a long way, haven't we, from the situation where it's like, it's taxed as a, like his jewelry or collectible or something like that. Then they started changing that.

And now we have states they're enacting legal tender laws. And that was what Senator Nicely was trying to do here in Tennessee. And, you know, unfortunately, I don't know what the status is of that anymore now that he's gone. But that is, there are a lot of different states that are working on that. But we've seen that right there in your backyard in Texas and in Missouri. And like you said, I think that's a positive thing. If people realize that, you know, gold, has value and it can be used for these transactions and people start to work out the nuts and bolts of it.

And of course, you offer the goldbacks, which is an excellent way. If you're a small independent merchant, you can look up with the app that they've got there. You can see exactly what that is worth based on the current price and dollars of gold. So if you want to try to bridge that gold to Fiat system there, you've got that app that'll give you what that current Fiat value, Viat dollar value of the actual gold thing that you're holding in your hand, which is like a physical piece of paper, but it's much more than just a physical piece of paper. It's got a certain amount of gold embedded into it.

I love gold packs. I think that's one of those items that's come along in the last five, six years that is more and more used by people, which I think is very positive. We carry them. I sell a lot of goldbacks. I got on Goldbacks radar. They actually sent a rep down to talk about who is this guy?

Because I put Goldbacks into the Wolfpack. You know, we've got, you know, 13,400 members. It was in the Wolfpack, yeah. Yeah, we love Goldback. Great company. And I think in five years, we'll have even more businesses and individuals taking them because it makes a stable physical currency. You can just go by their metrics.

It's very easy to verify them. It'd be hard to fake them the way that they feel. There's a certain. elasticity to gold the way you can spread. That's why gold is such a special element. And that's one of the reason you can make it thin. You can make it into those, you know, actual notes. You have a certain amount of meltable gold. You can eat it. You can eat it. You can eat it. A lot of people think there's the health benefits to it. I haven't consumed. I don't know about that. I saw the deconance benefit of it. I remember years and years ago, there was some French restaurant and they would put this real

thin layer of gold in the top of like this chocolate cake thing that they had and people were eating and thought, what in the world? I guess that's when you, when you're so ridiculously wealthy, you know, you do that type. Maybe that's what Trump and Lutnik do. I don't know. Well, you know, people have thought that there's health benefits to it and they perhaps are right. I think colloidal silver is another aspect of using metals for health. And we saw that, especially during, uh, during COVID-1984. So, no, I think all that stuff is, positive for, you know, the states. And it's interesting. You mentioned the timeline. I mean, you go back to 2019. Nobody was talking about this. I mean, the reason that I put a shop in Missouri

instead of our, I have land in Arkansas, is I put it across the border in Branson because Missouri didn't have a sales tax on gold or silver bullion, but Arkansas did. And of course, you couldn't, I mean, nobody's going to open a gold and silver shop that does somebody has to pay, you know, sales tax on a $2,000 item. It's not going to happen. So there was. no gold and silver shop. But Arkansas repealed that. And then they're working on gold and silver as legal tender as well. So a lot of

things have accelerated on the time. I think mainly because of what happened in 2020 and then debasement. I mean, you talk about metrics. We used to talk about this, but nobody says it anymore. But 80% of all the dollars ever created. We're created in 2020 to like 2022.

So it's just like in a couple of years, we made more dollars than it ever been made. And it's going up in a record amount now, you know, and your growth is just under 10%. It's crazy what's happening. Even after that. Yeah. It's, I think that's what's giving rise to it. We're at the beginning of something. And I think it's positive that a lot of this stuff is happening. Even in our strangely controlled, you know, political system of the duopoly of the right left. And, you know, we know what they agree on. They love, they love the, the, the, uh, national security state.

They love their surveillance state. They love both parties, and they love endless wars and all the rest of that. And the entitlement systems, they need to want to want to do anything to downgrade that. But sometimes you get a win. So, hey, I'll take it. Missouri gave us legal tender, gold, and silver, Texas. And because there are a few that will benefit from this, you know, and it's fine. You know, I don't mind if somebody benefits for freedom, you know, that's fine.

but there's going to be large institutions that benefit from, you know, the passage of what the Fiat system was and whatever it's going to become to back to a metallic system, which I think that will be, it'll do more for freedom and liberty, the people going back to using gold and silver than almost any political decisions we could have made in the last 50 years. I agree. Guard Goldsmith, though, Liberty Conspiracy's got a comment here, Tony. He says, the Texas move. it was a little bit slippery because the gold and silver have to be deposited in the state's repository, then the state issues digital cards to use so the government can manipulate the value and hide the amount in storage. Yeah, that's an aspect of it too that I've talked about. And, you know, there was a time not too long ago, the last couple years where Texas tried to create their own gold digital currency. And that failed. But then it's gone to the depository system. So the guards absolutely right. I would never do that. What they're talking about

is, you know, you deposit with the state and then the state will, you know, you have an open account and you can use a debit card against that. It's, it's not something that I want to entertain for myself or my customers or, you know, again, I don't like the state getting involved in monetary issues or holding or anything like that. But I do think that the aspect, you know, the aspect of using it as legal tender and there are some provisions in there that it's not all gold and silver they don't recognize like

foreign coins. That's something that's interesting. They do recognize just generics though, which I thought was I didn't understand that, but they do recognize like just private minted silver rounds but not like an Austrian Philharmonic which I thought was interesting. But no, guard is right though. And it's something

that there always is again, that's the somebody's going to benefit it's not just like for the people you know that this is not it's not the reason we get these deals we also got hatch car 61 says the Missouri bill makes it illegal for the state to help the feds and confiscating any precious metal that's a big plus there and they understand i think what if that's it coming from uh history uh we hope doesn't repeat itself but they confiscate everything they can get their hands on um but you'd have to think like you couldn't do 1933 again. I mean, this was a, it's a different country.

The American people were in some ways a lot smarter in 1933, a lot more, I think, well-read and versed in history. Sadder but wiser. Yes. They were, they were wiser in so many ways, but there was a loyalty to the governance and the way that the system worked. And a trust. And a trust, right?

There was a trust. No. I don't think that if there was an edict today, something like akin to Franklin Roosevelt's executive order in 1933, I think people, there'll be some, but it'd be the bulk of them would just say, yeah, whatever, you know, like, I don't think it would, I don't think it would happen that way. And I don't see it happening that way, because then the government would have to recognize that gold is a superior money. And they're just not going to do that in this system. That's right. And then, of course, is the experience of,

the war on drugs. How is that drug confiscation working out for you? Oh, yeah. You talk about price, like on the world market. If the United States did that, especially with everything that we've done to weaponize the dollar. I mean, it was the series of events, which is not work out like they did in 33, not at all. That's right. Got another comment here. This is from DGA. He said, David, Tony brings up a valid point. Does he think we should only buy eagles and maple leaves or Are rounds still a good thing to use as currency? I like all of them. You know, you pay a little bit more for eagles on the premiums.

If you just, if your goal is to like almost never sell them, then buy Eagles, you know. I buy a lot of Canadian stuff. It's North American, you know. I buy a lot of Canadian products, especially for IRAs. I think they're in long-term holdings and things that are good for just paying less premium, holding long-term. But anything is good. I mean, if you can get verifiable silver or gold, you know, something from a recognizable place,

you know, look at what the spot price is and get a good deal. I mean, I don't differentiate and don't discriminate between, you know, gold and silver bullion 99% of the time. And that's just me. I have a ton of different holdings. So it depends on what you like. Good advice. Yeah.

We'll close on this one, I guess. Gold at 15,000. This is a Kitko article. I imagine you saw. Is it a fantasy, a forecast, or a warning? And they point out, you know, if you want to look at the dollar price of gold, you should start not with gold, but you should look at the dollar, you know, because what we're talking about is you mentioned so many times.

It's not that gold is changing value. It's that the dollar changes value. And we can see that in terms of experiments that people have looked at going back a century. You know, how much did it cost to buy this, this and this, and then go to Europe and so forth, the same amount of gold approximately. And you can look at so many different items and you can see that gold retains its value. But as he says, you know, what would it really take to get to $15,000? He said, well, it's really not that much if you start to think about something over a period of three to five years or something. So across 10 years, it'd have to actually go up about 13%.

And he says, and you think about what's happened with gold in terms of reaction to the current situation that there, that's not much of a stretch, is it? No, it's not. I mean, there's two things happening at once. If you look at the, what you've got to do is look at the market cap of gold. Okay, it's like $3 trillion or something like that. It's compared to the world financial market, which is hundreds of trillions, it doesn't make any sense that the actual money is such a small number. I mean, Bitcoin, I think, is $1.2 trillion or something like that.

Silver's. That was always the argument for Bitcoin as well. We're going to have a finite supply of it. And so that is why the value is going to increase relative to the dollar, which are constantly making more of that, you know, growing it right now at about a 10% rate. So that's not happening with any of these alternatives. And I think Bitcoin helped to kind of drive that understanding home to the general public. But gold is the real deal, I think. Well, you're right.

I mean, I don't know where the dollar amount is going to go and denominating in the price. On a long enough timeline, you know, what is it? Gold has no top because fiat has no bottom. I mean, that's where we are. I mean, you're really trying to measure something that has intrinsic value and historical by thousands of years of understanding embedded in human understanding and history

versus what happened in 1971. you know, and what's happened since. So, you know, I'm going to bet on history. I'm going to bet on thousands of years of gold being money against something that is just recently in the, in the spectrum of time in the last 50 plus years, you know, dominated the world's financial system and is clearly wrecking itself. I mean, we weaponized the dollar and it's been detrimental to us more than anybody else. And the new systems that are being built, that's what I focus on is, you know, when the world,

And by the way, all these other countries have a massive incentive for gold to go up because they need to re-value all of their currencies. That's right. So it's not just the U.S. So long term, who knows, I've heard some crazy price predictions. And maybe if there was no Bitcoin or other alternatives that gold would, I'm sure, would be even higher right now. And there's a lot of fake out there. There's a lot of things that, you know, we talk about the vulture capitalism. and just trading on things that are short term.

We're very myopic and very short term here in the West, whereas the East, and you can see what they're building that infrastructure, whether it's Belt and Road, or whether it's the new way to trade metals in the monetary system. It's all eastward. It's not happening here, unfortunately. Yeah, we just don't build anything anymore. I mean, we don't, you know, a Hoover Dam or something like that.

And we don't even do that with our institutions, our structures either. Well, tell us a little bit about what's happening at Wise Wolf. Are you building anything there right now? You know, it's funny every week. I think I'm going to have like new promotion and then the weeks pass. And then I'm just, I'm just maintaining right now. Yeah.

I think that's the wisest thing to do, wise wolf right now. And it's just, just see what tomorrow brings. I mean, we have a great customer base with Wolfpack and so many of your listeners. And I mean, it's one of the great privileges of what I get to do is pick out all the stuff that I put in these packages and we ship them out of our brand.

location. And we've got thousands of people that just love it. So like we've had thousands of five star reviews and I really appreciate it. So it's, I'm going to keep that rolling as long as I can. And we've kept the supply chains open and we've got our physical locations. And I don't know, I'm right now, I'm just kind of buffering. Let's see what's next. I haven't launched any new projects. But I think of, you know, the next couple, three weeks or times that I see you will have

something new on promotions. but you can always go to David Knight.govold and promo code David or promo code 1776. You can get you some free constitutional silver. That's great. And again, I think Wolfpack is one of the most innovative things I've seen out there. It is a great thing. It's a win-win situation. You get the buyer group discount and you also have a way to gradually save over a period of time.

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