The David Knight Show - Interview: The Iran War Is Triggering a Monetary Reset

Episode Date: May 21, 2026

Tony Arterburn of Wise Wolf Gold and David Knight walk through what's coming after the Iran war shockwave — and Arterburn's assessment is that most of the pain hasn't arrived yet. Turkey and India a...re already feeling it: Turkey selling central bank gold reserves, India trying to discourage citizens from buying gold while silver premiums inside the country have skyrocketed due to import backlogs. With global central banks facing an estimated $50 trillion printing requirement just to cover debt service, and the Fed's new chair brought in specifically to cut rates regardless of inflation, Arterburn argues the monetary system is being deliberately transitioned — not reformed. 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: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Transcript
Discussion (0)
Starting point is 00:00:00 Welcome back and joining us now just a little bit late and I apologize Tony. I let the clock get away from me. I've got kind of sloppy on the clock. When I was on radio, it was a really rigid discipline. Now I'm just kind of relaxed and I ramble on. Another case of that right now. But joining us now is Tony Arderman of Wise Wolf Gold. And folks, you need to do something to prepare for you. You may not be able to build a ballroom bunker, but you can set aside some gold. and silver that is a real goal that you can start stacking now, and you can do that gradually. Tony will work with real people who don't have a $2 billion trust fund that they just gave themselves at taxpayers' expense. So if you don't have that kind of money, you can work with Tony, and you can gradually accumulate and dollar cost average your gold and silver purchases, and that's a good way to do it. because the market is reacting to the lies and the actions and inactions of Trump. And so it is volatile, but in the long term, we know what these trends are and where they're headed.
Starting point is 00:01:12 So you can bank on that. You may not be able to bank on the day-to-day fluctuations of gold and silver because the fluctuation of the value of the dollar and what Trump is doing to the stock market and other things because of his pronouncements. you can dollar cost average this and you can look with confidence at the trends. And he has set up David Knight. Gold to help you to get there and let him know that you're coming through us. Thank you for joining us, Tony. Oh, always a pleasure, David.
Starting point is 00:01:41 And you know, I ever have to apologize for going a little long. I listen to the show every day anyway. And loving your breakdown of Ritter and, yeah, that disgusting episode. And more needs to be talking about. That's certainly true. And I think you may have just coined a new financial instrument, the bunker trade. Like when the government starts building more bunkers or billionaires or building bunkers, like, hey, what are you guys doing?
Starting point is 00:02:09 You know, you tell us to everything's okay and nothing's wrong. That's one of my favorite things to watch. Now, I've been a contrarian, most all in my life, but hard lessons learned. I remember 2008 going into, you know, going into 09 and all the financial radio. and systems and all the news channels were so optimistic about the market. And I remember thinking, this can't be right. This can't be right. Well, I was only 28.
Starting point is 00:02:34 And I remember, I remember thinking, well, maybe they are right. And as soon as it turned, that's why I was feeling that. It wasn't. You know, there was something inherently broken about it. And I was running, you know, a couple of different businesses at the time. One of them was a fuel station. And I understood the, you know, the rising cost of fuel and what was happening to people at the hump, you know, what was happening to their financial situation.
Starting point is 00:02:59 It's just paying out. Right. Right. I remember what happened. It was a cascading event. Like all the dominoes start to fall when one of those things increases. That's like the cost of energy, you know, and that's directly in proportion to the price of crude. And we've seen this with these, you know, the Iran war and the closer of the Strait of Hormuz.
Starting point is 00:03:25 I don't even think that we've really started to completely feel the shock that's been set in the motion. I don't think it's... That's right. I don't think that timeline has actually upon us yet. So, I mean, there is some pain, but I think it's just anticipation of what actually is coming. It's kind of like the lightning strikes, but you don't feel the thunder for a bit. And I think that's what we're witnessing. And when we were talking off air, one of the things I'm watching,
Starting point is 00:03:55 right now, it's really interesting because we think of the Federal Reserve or the creature from Jekyll Island. We think of it as like this monolithic mind, but it has all these academics and they have a massive payroll. And they're not of one mind. And, you know, even Jerome Powell stayed on as one of the board of governors there. I think that seat is like up for another year and a half. So Jerome Powell will stick around, even with Warsh being confirmed. But there's, they're facing something that I'm not sure that we've really ever truly faced before with it's the amount of debt to GDP and then you have to factor in inflation. And then you factor in economic turmoil or uncertainty and having to cover that.
Starting point is 00:04:43 And then you factor in the price of energy, which is, I mean, we can talk about being manufactured. If it isn't on purpose, they sure want you to think it is. I mean, and they're getting that price and pricing people out of the market. So there's all these things, you call them the centrifugal forces if you want to. And then, of course, there's tariffs as well. I mean, you know, Trump started throwing all the wrenches. You hit through all these wrenches into the economy and the world back in 2020. And then when he comes back in for a second term, he starts out right away, throwing more of them in.
Starting point is 00:05:19 So, yeah, it's amazing. That's exactly right. the tariffs are another thing. So all of these factors, and they're not all in the same page, some are dovish, some are hawkish. Worse was certainly brought in to be dovish and to cut rates and, you know, let the good times roll. I mean, I think that's what this administration is all about. I don't think it's for economic health either. It's for, this is a transition of some kind, you know, and there's a transfer of wealth going on.
Starting point is 00:05:49 this is a high level, high stakes, behavioral changes that they're that they're structuring through the finance monetary system. So I'm just, you know, this is something I want to talk to you about because I'm watching this. I don't know what they're going to do because they're certainly faced with all these issues. At the end of the day, I think the quantitative easing and the rate lowering will win out. The market right now is responding like they're going to be rationalized. but I think if you just lay out the scenario, you war game this out.
Starting point is 00:06:25 What you find is they have to print. As a matter of fact, there was another article up on KitCo. There was an analyst talking about this and it said, look, if you just add up the global debt of the central banks and everything else, what they're going to have to do with the prices of energy and deflationary issues because the prices are rising. And so they have all these depletionary issues. They're going to have to print like $50 trillion around the world. That explains something I've been seeing over the last week, of course,
Starting point is 00:07:00 and I thought it was kind of interesting. I've seen report after report on YouTube brought up to me saying, they're getting ready to cancel your mortgage. It's like, what? You know, what is this angle that they're twisting here? I looked at a couple of them and what they're all saying is that the government's got this massive $40 trillion balloon note that's about to pop on them. And really, you know, how are they going to cover even the interest payments of this as it's escalating so quickly? They do it by monetizing the debt.
Starting point is 00:07:36 How do you monetize the debt? Like you said, they print more money. They lower interest rates. They drive inflation up. And so what these people are saying, you know, this is their little, clickbait title, you know, they're going to cancel your mortgage. What they're saying was, if you got a fixed mortgage, and hopefully you don't have a variable rate mortgage, but if you got a fixed mortgage as this big inflation that is building
Starting point is 00:08:00 up to kick in, as that kicks in, your mortgage is going to get cheaper and cheaper, but of course, you know, you're going to be making more money and all the rest. Well, not if you're on a fixed income. You're not. That's why inflation always hits people on a fixed income. So, yeah, if you're retired, if you've worked your entire life and you've set money, aside to provide for yourself. The government comes in and destroys that.
Starting point is 00:08:20 I saw that happen in the 70s when we had the opaque oil embargo that kicked off all kinds of price inflation and energy inflation. And so that's one aspect of it. But they were saying, you know, so get yourself into real estate. Well, most people, if they're not in the housing market right now, it's so already inflated so much and with high interest rates that you can't get in. So what can you do? You can start to put money into gold and silver.
Starting point is 00:08:44 Now, they don't tell you this. but you can start to put money into gold and silver. That's one of your only real protections against inflation, and you can do it as much as you can afford, but you can do it piecemeal. You don't have to have some kind of a major commitment to a home mortgage to get into that. You can do it piecemeal with, again, wise wolf in Wolfpack.
Starting point is 00:09:03 You can do it on a dollar cost averaging basis, but that is really what they're looking at. And so their argument was the government has to cancel its debt, has to cancel its mortgage. And when they do that, it's going to have the effect of canceling your mortgage effectively because of inflation. The other issue, however, is that unlike your real estate or your home, the gold and silver don't have any kind of a tax on them. Because they don't know where it is if you got physical. They don't know where it is or how much you've got.
Starting point is 00:09:32 But they do know that about your home. And that's why I think a big fight is going to be over property taxes at the state and local level coming up. Because that's what's going to drive people out of their homes. Oh, I totally agree. One of the most disgusting unconstitutional, un-American things, is property tax. Yes. I mean, it's so bizarre that it's not a part of our founding principles. It's not a part of the American experiment up until recently.
Starting point is 00:09:58 This is like when the urbanization of America kicked in and all the rest of that you get these ridiculous property. In Texas, it's insane. Oh, yeah. The property tax. I mean, you never own your home. That's right. Never escape the state. It's absolutely bizarre.
Starting point is 00:10:15 It's just like when I talked to Donald Rainwater, who was running as a libertarian in Indiana, he had a great approach to it. Basically, just look at it as a sales tax. Treat it that way. It'd be a one-time event when you buy your home, and then you're done. You pay it one and done. You pay the 7% when you buy the house. You could fold in your mortgage if you want, or you could pay it 1% a year for seven years, and you're done.
Starting point is 00:10:39 And all this stuff about going out and reevaluating the price of the home and everything, I saw that, I've seen that game played my entire life. They come out and, you know, there's two ways that they can jack up the property taxes every year. One of them is by reevaluation. The other one is by changing the rates. So when they go out and they do a revaluation, they defend that by saying, well, you know, the real price of houses have gone up quite a bit. You should be happy about that.
Starting point is 00:11:04 And we haven't changed the rate. It's like, yeah, that's right. You'll do that next year. So next year, they change the rate. but they don't change the valuation, and they tell us we should be grateful for that as well. But that's the way this whole thing is going to roll out, isn't it? It reminded me when I first set up Wise Wolf in Dennis and Texas,
Starting point is 00:11:25 I went and I had a, I got my own Google address, but I was inside the antique mall that my mom owns in the Main Street Mall. And it was just a booth. You know, there's literally just like a booth, a counter in it, and a little display case. and the county came in and evaluated that more than the entire mall. They evaluated more than my mom, all the boost, all everything combined, the entire building was, it was, my business was valued more. And it was really hard to fight this.
Starting point is 00:11:57 As a matter of fact, I have the bill right here. Who did you get angry? And I just go, what is this? And I kept wondering, what is this bill? And then you look into it. I'm going to take it to my mom. And I said, what it? So, yeah, it's more than the entire.
Starting point is 00:12:10 They like, I mean, it's all arbitrary. It's made up. It is. Totally bizarre. And I was thinking of this whole thing about made up. And I saw an article the other day about Warren Buffett. And it said, Warren Buffett, you know, he cashed out of the market. So he's sitting on cash.
Starting point is 00:12:29 And I thought about that. And it's, think of how bizarre that is. You know, if you had a pile of cash in 2005, you know, and gold was 400, 500 bucks. you know, and you just set on that pile of cash waiting to enter the market, are you going to wait till gold's $5,000 an ounce to buy gold? It's so, that's weird to me. We have all these ideas in our mind about what commodities are worth, you know, based in dollars, but we never really think about the dollar.
Starting point is 00:13:00 You know, like, is the dollar the same as it was last year or two years ago or five years? Of course it's not. It doesn't buy the same amount of goods. That's right. But it's weird. we just have this mental fixation on what, like the dollar, uh, you know, denomination is. Like, what, what, what are these commodities denominated in dollars for anyway? If the dollar's not fixed.
Starting point is 00:13:22 Mm-hmm. So it's interesting that we have this, uh, this delusion. And as you've pointed out many times, you go back and, you know, go back for decades, even a century or whatever, and look at what, you know, a certain amount of gold would buy. And it's basically the same thing. If we look at something that is a lot of these things, if it's not highly regulated, the price has actually gone down a little bit because the production sophistication goes up. And so they can make it a little bit more efficiently. However, most things are about the same.
Starting point is 00:13:56 It's the dollar that is changing. So it's your frame of reference. If you stand on the dollar and you stand on the gold and you look at the dollar, you can see how that is moving. vice versa. Most people will stand on the dollar and I think that that gold is moving when it's actually fixed because they're going back and forth. Well, that's right. If you, we go back to 1971 and gold is $35 and that's what we went off the gold standard, which was, you know, I was reading an article this last week and it called it out as an experiment. We went on into a real life experiment, monetary experiment. It was based on trust. Well, even if you take into account the amount of gold that was in circulation at the time, and I remember I had the author Alan Estrada on my show about a year ago, and he wrote a book called The History of Gold, and it's fascinating.
Starting point is 00:14:51 He really went in-depth with gold. But he had some figures for me. He was throwing out. He said, you know, from 1990 to now, they've had basically the, they doubled the gold. that was in all known above ground gold was put into circulation. Like they doubled it. So there's this, I mean, and so you think about that even relative to the price that we have now. And so it's hard to do any kind of real price discovery on gold with fiat currency because it's,
Starting point is 00:15:22 and especially with manipulation and how much do governments actually hold and all the rest of that. But I find that to be interesting that we continue to denominate things in the, dollars and then we get really myopic on what the dollar does. And meanwhile, in the background, because we built this thing on trust, David, we built all this on, and then we have all trust is diminishing. So that's why there's de-dollarization going on everywhere. This is not talked about in the news. I mean, the mainstream news is not covering just how much the rest of the globe is pulling
Starting point is 00:15:55 away from the dollars. They don't want any part of that system. You can see it. I mean, you know, the Iranians have set up. up like an insurance fund that is made of Bitcoin. Did you see this for the straight of Hormuz for the vessels there?
Starting point is 00:16:11 Because that's a non-confuscatable unsanctionable currency that you can be used right now. So all this new technology that's on and the stable coins that are backed by gold and all the rest that's happening under
Starting point is 00:16:26 in the periphery of what's happening with the United States and our dollar. So I just This is something I think we need to communicate to people that, you know, prices, it's funny, when you watch the price of gold like I did this morning, and I noticed that it fell below $4,500. So me, what I immediately did was I went and I bought some gold combi bars, you know, the little tiny bars for the. It's on sale. That's what I do.
Starting point is 00:17:00 As soon as I go, okay, good. So I'll go buy another one. because that's just inventory. And I already know that gold is at base level without the Iran war, we're at 5,000 plus an ounce, base level, based off of, just based off fundamentals. It's very much like what we saw when Trump got elected, there was all this hype about cryptocurrency and everything.
Starting point is 00:17:25 He's saying that he's going to have an announcement about the Bitcoin Reserve and stuff like that as well. We must keep that hype going. But everybody got interested in that. They lost interest in gold and it went on sale. And this is the same type of thing. This is a temporary situation. It is a distortion of reality.
Starting point is 00:17:41 It's the Trump distortion syndrome. I guess that's what the real TDS is. And it's a temporary thing because the long term, all these fundamentals that drove gold up so much before the Iran war are still in place. And actually, they've been exacerbated by his actions. You mentioned that and there was a massive sell-off. So gold worked and it functioned as money. It's very liquid. You can get in and out of it really easy.
Starting point is 00:18:10 That's what it did after the Iran war kicked off. And the fundamentals still exists. So we're still, we just become, I think, desensitized to how insane it is. The gold is the price that it is right now. I mean, for years and years, you and I talked and it was, you know, 2000 or below 2000, even into, you know, 2022. I still remember when it crossed the 2000 mark. It was like, whoa, you know.
Starting point is 00:18:39 Yeah, it's been stuck below 2000. August 6, 2020. And I was hosting your show down in Austin. When it crossed, that's the first time it hit 2000. And then pull back from, you know, different times pulling back. But all the all-time highs that we hit in the last year, do you remember that? I mean, just 30 or 40, all-time high as new price discovery because the monetary system based off trust and old institutional trust is falling apart. And it's being rebuilt.
Starting point is 00:19:13 They're rebuilding it on gold, David. I mean, that's – and there will be some, I think, room for silver in the monetary system, probably room for Bitcoin, too. There was an interesting analysis. I don't know if you saw this, but – There's a theory that a lot of the tech is about to be sold off, a lot of the tech stock. And tech is going to be sold off and silver will be purchased physically. Physical silver will be the next tech stock or it will be, it will receive the lion's share of the liquidation of a lot of this tech stock. because I think the economy, especially tech and other things, are in real trouble.
Starting point is 00:20:02 Because there is no, this isn't a, the environment is not one of trust. It's not one of certainty, you know, innovation, all that stuff. Yeah, you have the AI data centers and that's another thing. But I'm talking about just tech in general is in real trouble. And I think there's a lot of that stuff's going to be. overpriced. Yeah. So why does it work well? 100 times earnings. The insidification of all of it because it seems like the more they tinker with it, the worst things get. It's like we're not seeing any big useful revolution
Starting point is 00:20:39 in the technology. No. And we've definitely stalled out in a lot of areas. Other things seem, you know, there is some improvements in something, but most of it in general, there's entropy. You know, that's the second law of thermodynamics, you know. So things, you know, run down. And I think there's entropy there. And, you know, there will be a renaissance in it someday. But right now with the environment of the entire global environment economically looks bizarre. And I just start looking at where is everything going?
Starting point is 00:21:16 The trends to me look like, okay, we're going to shift away from the dollar. The world's going to reset the monetary system. It's going to be backed by something. That's probably going to be gold or silver or it would be bi-metallic. It'll be something based off that because you can see it and hold it. They're building facilities to do just that. And it won't be paper anymore. It has to be a reinstitution of sound money and trust in order for the economic engine of the world to keep running.
Starting point is 00:21:48 And when you look at what they are focusing on, they are so hell-bent on making sure they've got a digital ID for everybody. So hell-bent, I'm making sure they've got eyes on everybody. They want to be omniscient and omnipresent and omnipotent. They want to be God. And people are going to realize this big brother society that they're putting out there. One of the things that you're going to have to have in order to be able to survive is something that is physical and outside of their control. And so come to that realization. sooner because as soon as you realize that and start preparing for that, the better, because
Starting point is 00:22:22 everybody is eventually going to get to that point. I mean, we look at the prohibition of privacy, right? They can't prohibit it. What they'll do is they'll create a black market for privacy, just like the drug war. They couldn't get rid of drugs. They created a black market for drugs. And so you're going to get a black market for privacy. So start preparing for that right now. I remember talking to a sheriff out in Arizona, and he was talking. talking about how he had worked in law enforcement in other countries. And he said, Americans just don't understand how common black markets are everywhere, except in the United States.
Starting point is 00:22:58 You know, we haven't had a black market because we haven't had the kind of corruption that is now coming, the kind of control and totalitarian government that is now coming. But he goes, pretty much in most of the world, the majority of the world, there is a thriving black market and people have to be able to operate in that black market in order to be are able to survive and that's what's really coming and it's going to be priced i think and physical gold physical silver and things of that nature i agree uh 100 percent and uh you know we're just not there yet it's it's on the horizon and i think it's going to be an outcropping and a consequence of the financial decisions that are being made right now at the top which are disastrous
Starting point is 00:23:41 yes i mean it's going to create and that definitely they want a surveillance state they want to use that the excuse of a bank meltdown, a bank run to usher in some sort of, you know, surveillance currency. And, you know, you and I've talked about this. It's maybe it's not a CBDC per se, but it's, you know, a public-private partnership with the stable coin system. And, you know, they got the Clarity Act, it's supposedly going to be passed soon. I know it's out of committee.
Starting point is 00:24:13 I haven't got an update on that. And there's probably some good things in there too. But that to me is the path that they want to take. And they're certainly not doing anything to bolster the current system, which I always, I'm going to bet on chaos. And I look at the Fed has all these academics like we discussed. You know, I think a lot of them are living in the past and they've got normalcy bias. And they're institutionalized. And they're going to be looking at, you know, rebalstering the influence.
Starting point is 00:24:45 I don't know. I think it's all creative destruction at this point. I think they're going to just turn on the printer. And it's some eventual timeline. We're just going to see, like Larry Lippard wrote the book, the big print. I think it's going to be the biggest injection of cash and currency in the history of the world. And it'll come here very soon. I mean, I think probably before the end of the decade, in order to usher in something else. And, you know, it won't be the dollar you grew up with.
Starting point is 00:25:15 It's going to be something else, and that will create parallel systems, which is great. I might be operating in a parallel system. I had a guy coming yesterday. He goes, well, I guess you probably won't be in business, you know, in a few years. Eventually they'll come in and just take all the gold and silver. And I think, well, maybe, you know, I'm definitely not going to give it up willingly. I don't think I'll go quietly. But maybe, but maybe not.
Starting point is 00:25:42 You know, there's, in different states have, you know, I just saw Alaska put gold and silver as legal tender. So, I mean, there's stuff happening on local and state levels that are, I think, very helpful. So it's not all just one thing. And we've seen how incompetent our rulers are. I don't know. I mean, they can have some pretty scary technology. Yeah, when you look at what they're doing, it is not in their best interest. You know, I'm looking at this and I'm looking at the influence and the,
Starting point is 00:26:12 the power of the American Empire, which I do not support. And Trump is burning that in the same way that Biden burned the American hegemony on the financial system. And so by using these levers in a wicked way, they're basically burning this stuff. And they don't have control over other countries like they've got control over people domestically. So there's some things that they're used to getting away with doing whatever they want. And how many times we've heard Trump say that? I can do whatever I want. But they can't do whatever they want and get away with it when there's other countries out there that are going to react to that. And so they're burning their own power base now. Yeah. You get like this monster, monstrous empire, militaristic police state that does DEI.
Starting point is 00:26:57 You know, it's like, well, you've got all these bad intentions. You've got a tyranny state, but you just can't find the people to do it. I mean, you think the people at TSA are going to be able to really create the perfect police state? I don't think so. Yeah. Yeah, these are people who invade Iran and don't think that they're going to close the straight of Hormuz. They're not playing chess at all, not even one dimension.
Starting point is 00:27:25 It's so true. I remember I've talked to you about this before, but I mean, I go back to the 90s and just having, I remember just driving with my dad talking to him about foreign policy and he would say, well, if you hit Iran, you know, they're going to close the straight of Wormuz. I mean, I knew this in just 97,
Starting point is 00:27:40 just like talking to the old man. I don't know, you know, and they have all these warped, and we didn't even get into the fact that, you know, the Secretary of War just went into campaign against the sitting congressman. Yeah. That's never happened. Because he's one of the few people to stand up to these undeclared wars, eternal wars and all the rest of stuff.
Starting point is 00:28:03 So, yeah, it is unprecedented, isn't it? And War Pete is a piece of work. He truly is. Yeah, I keep thinking as you were talking about, you know, what has happened to the dollar. I think the really interesting eye-opener was I played with, I saw this article about the very first Jeopardy winner. And she won only $345. And that was back in 1960. So they were talking about how much this recent winner got, he got like $19,000 or something.
Starting point is 00:28:32 And said, well, you know, because of the value of the dollar, she was paid, she won that in 64. And so today that would be worth about $3,900. right, because the way they calculate inflation, I thought, well, how do you calculate the inflation in terms of gold? And so I looked at it because in 1964, we'd not had the Bretton Woods 2. So it was fixed at 35. And so if she had taken that $345 and bought that equivalent amount of gold, it worked out she would have today about $45,000. So they're not even, when they tell you the inflation numbers, it's like everything else they do. whether they're talking about the labor statistics and the unemployment rate or the inflation, it's all a lie, as Audi says of a modern retro radio, it's all a lie.
Starting point is 00:29:18 And every government statistic has a lie like that. So the devaluation of the dollar has been far more severe than they say in their CPI. Well, it's the same statistics in the minimum wage, David. To go back to 1964, I think the minimum wage was like a buck 25 or something like that. Yeah. If you take $1.25 in silver quarters, that's about, let's see, that's about $60. Or more, right? I should have my dad pay me in silver dollars back then, I guess.
Starting point is 00:30:00 I remember working for $1 an hour for my dad in his business. He paid me minimum wage. And I guess I was overpaid. How little. I had the same thing. I used to go work from my dad at his stores, you know, the convenience stores.
Starting point is 00:30:16 And he paid me less than the people that work there. But that's okay. You know, I'd get a check. Would it be less than that? I still got a check. But I learned a lot. Of course,
Starting point is 00:30:27 there were some fringe benefits. He did give me a house and food. So he didn't get that to the other people as well. there's that you know so thanks dad appreciate that uh but uh yeah it is it's good to learn the value of a dollar isn't it but a lot of people still understand what the value of the dollar is because it's evaporating so quickly well that's true and and uh you know this is part of the cycle of history that we're in we're not going to be able to escape this there's nobody that's going to come and and fix this current system um in any meaningful way it's up to us
Starting point is 00:31:02 I mean, we, at the end of the day, we are in charge of our own financial destiny. There's always these outside forces and there's going to be pain at the pump and there's going to be pain at the grocery store and all the rest of that stuff. And I've even noticed, you know, we don't have the same kind of volume. People are selling to us, but then the same kind of volume people buying. I think people are just right now and it's completely understandable, not sure what to do. Or they're just, their capitals tied up and, you know, they're unsure. of the next move. And we've had so much
Starting point is 00:31:34 volatility in the metals markets too. There's just a you know, the fallout from that is still going on. But ultimately at the end of the day, we're in charge of this. And only us, you know, there's nobody's coming to save
Starting point is 00:31:50 any of us. That's right. What Washington is doing. Yeah, there's an interesting bill that's been put in in Canada. You've got a conservative MP and the Conservative Party of Canada. Very concerned about Central Bank digital currency. This is an article from LifeSight News. I looked at that and I thought,
Starting point is 00:32:06 uh-oh, do they not realize the danger of stable coin, the private version of this? But they do. They do understand that. But as they point out in this article, it's got basically no chance of being passed. So don't look to politicians to do the right
Starting point is 00:32:22 thing. Don't look at them to preserve even cash. And this guy sees it there. We've had people like Frank Nicely here in Tennessee used to be a senator and he understood it. He understood what this is going. He was trying to set up structures to make it easy for people to use gold and silver as legal tender and to try to get the state to have some gold reserves so they'd be able to continue to do business when it all hits the fan. But those types of people
Starting point is 00:32:52 are few and far between and they're gone for the most part. When I look at this, you know, Tony, I made a note to myself that, you know, yeah, it's not really going to be the Federal Reserve that's going to be manipulating this stuff. It's really going to be Lutnik and Trump. They have figured out that rather than having a central bank digital currency, they could do the digital currency themselves and they could make money with it. And so I suggest that what we call it is instead of the Federal Reserve, we could have it called the Epstein Reserve. Because that's really what we're going to wind up getting from this Epstein crowd of Lutnik and Trump. They're going to set up a new monetary system that will surveil us, that will block us from doing things they don't want us to do, and it will make them rich at the same time, the Epstein Reserve. I like that.
Starting point is 00:33:41 That's, I think, more apt. And let's let's name things what they should actually be called. I'm in agreeance with that, David, finally. Yeah, maybe instead of billions of dollars to renovate the Federal Reserve building, maybe they're they could just take over the former home of Jeffrey Epstein and Lutnik. They're right next to each other. It's probably you combine them. It's pretty big probably in terms of square footage.
Starting point is 00:34:07 I mean, we should just put Epstein on the 100 and just get it over with at this point. Remember to the coin. Or put Epstein on that trillion dollar platinum coin that the treasury was going to make. You remember they were going to make a platinum coin that was and just nominated a trillion and just give it to the just to pay off the debt. That would be fun. Yeah, absolutely. Well, anything that's changing at Wise Wolf in terms of any activities or specials or anything of that that are going on there?
Starting point is 00:34:39 No, no specials or anything, really. I've neglected to do that the last few weeks. I'm just trying to get a handle on this market, as I've discussed. It's a crazy volatility. And figuring out our next move, I think, really just keeping supply open. But always the same deals, you know, for David Knight.org, and you can put in promo code David, or you can put in promo code 1776 and get some free silver with any Wolfpack purchase. And then we also have, for anyone who's interested, we have an affiliate program.
Starting point is 00:35:14 We'll pay, we pay 1%. So if you've got an affiliate link and you share that, you get 1% on every sale, but you get that every time they renew as well. So I don't just pay one time. So if somebody's got a membership through your link, and it takes only like five minutes to sign up. So I've got that available. You can email us through David9.gold,
Starting point is 00:35:36 and we'll send you an affiliate link. And I haven't pushed that really hard. We pay out like once a month or so, I think. And so if you wanted to make some extra money, and it's easy. You know, we make it easy for you to share the link. And people can go to Wolfpack and purchase and we'll know it came from you. Anything like that is, I think, valuable for a little extra money, especially in the face of rising prices everywhere.
Starting point is 00:36:05 Oh, yeah, yeah. And we didn't even get to India and Turkey. Turkey is having some issues. And both of them are, we talked about the fact that this slow-moving train that has headed towards us has really not arrived yet, but it has for them. Both of them are heavy exporters of energy of fuel and their fuel. feeling this already. And so in India, they are the second largest buyer of gold. And most of that is being done by individuals. And so the Indian government is basically telling them, don't do it.
Starting point is 00:36:39 And I don't know if they've made any prohibitions about that or not, but they have, Turkey has been selling their central bank gold. And India is trying to do everything they can to make it at least discourage, if not prohibit the purchasing of gold in India. So this is working out to our advantage in terms of dropping the price of gold temporarily. And so I think it's yet another one of these buying opportunities for the long term, I think. Well, it is crazy. And I think it might have something to do with their national currency. But right before this, about a year ago, they made it to where you could use silver in India as collateral for home loans and other things and for business loans, which they hadn't before. You could use gold. But, you could use gold,
Starting point is 00:37:25 not silver. And then they put a tariff on it. So there's, I think the last time I checked, it was like six weeks or so of customs has held up medals for individual pires in India. So the premiums internally in India have a skyrocketed.
Starting point is 00:37:44 Yeah, because they don't produce any internally. So all of the gold is imported, just like all their oil is imported. And a lot of their food as well. Yeah, I think it's, it's probably a good indicator of, you know, you fast forward the clock, you know, 60 months from now in the West is probably going to be looking very similar to that as people scramble to get
Starting point is 00:38:05 out of Fiat and into metals. And when it happens here, that event will show just how fragile the metal system is in the United States of America. People don't realize. They can just, they can pick up the phone and get whatever you want and you can't. You know, I mean, it's, you know, Right now, I think I can get just about anything, but it's the buying pressure is not there. Yes. So you add, you know, another two or three or four percent of the population. We're in some real trouble. There's not enough real to house all the fake.
Starting point is 00:38:42 Yeah. Let's put that way. That's right. Everything is fake and everything is pretty much a lie that they tell us, isn't it? It truly is. But again, I've known Tony for a very long time. I would highly recommend him. He's always been great to deal with.
Starting point is 00:38:57 And it's good to know the person that you are trusting to give you a backup system here. He's the guy packing your parachute. So I would trust him for that. Thank you so much, Tony. I appreciate it. Always great to have you on. And thank you for supporting the program. Really do appreciate that.
Starting point is 00:39:16 The common man. They created common core to dumb down our children. They created common past to track and control us. their commons project to make sure the commoners own nothing and the communist future. They see the common man as simple, unsophisticated, ordinary. But each of us has worth and dignity created in the image of God. That is what we have in common. That is what they want to take away.
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