The David Knight Show - Interview: The Treasury Is Quietly Preparing for Gold’s Return

Episode Date: August 27, 2026

Scott Bessent just called gold a sanctionable asset — the first time the Treasury has said that since 1971 — while Trump simultaneously classified gold as a strategic mineral and the Treasury bought back $4 billion in long-term bonds in what Tony Arterburn of Wise Wolf Gold calls a roundabout QE the Fed didn't authorize. Gold has moved from $4,000 to $4,600 in 60 days, silver is back near $70, and the Volcker option that stopped the last gold spike is off the table: U.S. debt-to-GDP is at 144%, and quintupling interest payments to fight inflation would make debt service larger than Social Security and defense combined. 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.

Back and joining us now is Tony Ardabin of Wise Wolf, Gold, and Silver. And you can find Tony if you go to David Knight.cold, I'll take you to him and let him know that you came through us. And it's always great to talk to Tony. And boy, this has been a busy couple of weeks since we've talked to you, Tony. A lot of things have happened with gold. What is it that you think is most interesting that's happened with gold? We've got the Fed is going to be meeting in Jackson Hole later today and make some pronouncements. from on high about interest rates. I guess they call it Jackson Hole because that's where they go

to bury their debt, right? Right. I think that's probably less interesting than some of the statements that come out of the Treasury, which, you know, Scott Besant in an interview and actually a statement coming out saying that gold is now sanctionable. They classify that as a sanctionable asset along with aviation, crypto, other things that, you know, Iran is evading sections and has been for a while through petroleum and trading that for other assets like gold and staying off of the SWIF system. So it's really interesting. I don't think that's ever been said before. So now, you know, because we've since 1971, the U.S. Treasury has not classified gold as money. and it's it's been a side asset or an asset held by central banks.

So it's really interesting. Another thing that happened, the executive order that came out where they classified gold as a strategic mineral. And that's never happened before either. That's something that President Trump just did in the last week or so. So a lot of these things are pointing towards my thesis, which, and I'm not alone on this, that the world is moving back towards gold as a standard,

as a world's resumed currency in a way. And I think the U.S. Treasury is getting out in front of that. You know, he also mentioned, Scott Besson mentioned the gold in Fort Knox. You don't think he was prompted about it. He mentioned it and he valued the gold not only in Fort Knox, which is about half of our supposed holdings. We have about a little over 8,000 tons. He mentioned that the gold had been audited and that we have about a little over a trillion

and gold holdings, but that's not official. You remember when we went off the gold standard, there was a brief moment where we didn't catch that runaway gold price, and then we locked it in at $42 an ounce. And then it stayed there on the balance sheet of the U.S. Treasury, not moving with the markets. So I think that's something that the Treasury, they're playing a game here.

It's a long game, especially with buying the long-term bonds back. I'm sure you've been covering that. That's an unprecedented. You know, $4 billion in long-term bonds being bought back by the Treasury in a weird roundabout QE moment, a quantitative easing by the Treasury, which is, again, something's moving. Power is centralizing, not that the Fed and the Treasury are really separate, but these moves are coming from the White House and not necessarily the Federal Reserve right now

when it comes to monetary policy. Yeah, and just print more bonds to, pay off your other bonds. Take out another credit card. It's also signaling something too, which is something you and I've talked about. I mean, in 1980, when gold was, you know, looked like it was just going parabolic and they, they stopped that with really high interest rates with Paul Volker and interest rates in the teens. And you and I have talked about you can't do that anymore because of the sheer size of the debt and liabilities of the United States.

It's now $40 trillion. I mean, in 1980, it was a trillion. And then unfunded liabilities were nothing like they are today. So you can't raise interest rates like you used to be able to. So I think the markets are responding to that. That's why Bitcoin's up 20%. You know, gold went up from, you know, it was trading right at the 4,000 level about 60 days ago.

And we've broken into 4,600 and beyond Silver's backup close to 7%. and that threshold again. It's the debasement trade, David. That's what's going on. It's funny that the debasement trade is not larger to me because that's all I focused on. I don't know how we've even considered this market. Well, you know, it's kind of interesting because I remember the 70s. I remember stagflation and all the rest of this stuff.

And their hands are really tied because, you know, they've got a couple little things that they do to manipulate. But if they were to play with interest rates and things like that back in the 1970s, it's like, well, okay, that's going to kind of strangle the economy, which are already stagnant or recession. And if you lower the interest rates, try to aid the economy, now you're going to stoke inflation.

But now they've got something else, as you point out, this massive debt that's there. And I think that's one of the reasons why that was so important. I talked yesterday about one economist, who was really the first one to be the earliest and the most accurate in terms of picking the top of the real estate securitization fraud market.

And he was saying, I think they're looking at the wrong debt. They're looking at the government debt rather than the private debt. But I think it is important to look at the government debt because that takes away one of their very important manipulation tools. Imagine if we had interest rates that were four or five times what they are today. Instead of a trillion dollar interest payment, we'd have five or six trillion dollars. It's crazy. And they couldn't handle that, right?

Because that would be by far and away. Right now, they're about the, about, the size of Social Security or in the defense budget. And so can you imagine interest that's five times the cost of Social Security or the defense budget, each of those? So it would be by far and away the largest thing. They don't have really the tools that they need to fight inflation. And yet Trump is pushing for the Congress to go ahead and raise the debt ceiling again.

He said, do it now before you lose your majority. That's the confidence he has about the midterm elections. Do it now so we don't have a fight. And Tony, he wants to raise it $5 trillion more. He's already responsible for about a third of the debt that we've accumulated in 250 years was done under Trump. Now he wants to add another $5 trillion. Yeah, I mean, a trillion here, a trillion there. Sooner or later, you're talking about real money.

It is interesting that the... Pretty certain you're not talking about any money that's real. No money at all. That's right. I think that's the logic here. I mean, you have Scott Besson also saying, well, 40 trillion, there's no magic number. There's no magic in that, except there is, except that there actually is. And if you look at the standard wisdom of modern economics, not that there's a lot of it,

but I think it's pretty much agreed upon that debt to GDP ratio, that's, see, that's the issue. It's not just the debt itself. It's the debt to the gross domestic product. And if you go and compare the financial and monetary moves that you're able to make, again, going back to 1980, which I think is a great snapshot, you can't raise interest rates anymore. So you can't, I mean, you can, but you can't go to the levels that were done to really stop gold's parabolic moves in the late 1970s. So you have this issue of debt to GDP. And most economists believe it's about 90 percent. You know, debt to GDP is where you have a.

a breaking point where you're past a red line and there's going to have to be some real strategic moves made in order to save the economic health of a nation. We're at 144%. As I've mentioned, you know, I think the last appearance we talked about Japan, Japan has a debt to GDP of 250%. And the U.S. Treasury is now partnering with Japan and selling euros, by the way, to prop up the yet. Yeah, yeah. We bought it. Let's buy into that. This is a failing country. Let's buy into that that and make it our failure. It's just like we can't see a warning where that we don't have to get

involved in. We can't see a failing government that we don't have to prop up and subsidize. Yeah, I think that's that's truly the issue, though, David, is that we can't make the moves that we used to. I mean, Scott Bess can say it's not a magic number, but it is. I mean, the larger the debt goes up, the larger the service on the debt goes. I think there's a reason they're testing the waters and seeing on the market responds with these long-term bond buybacks. Which, you know, if you look at it, it'd make Bernie Madoff blush. I think he even said that when he was like, I'm not the crook. But you look at the financial system itself.

The real criminals are running it. I mean, it's nothing compared to, you know, what the standard system does to the everyday taxpayer, everyday America, every day citizen of not only this country, but the entire plan. And we have a massive sovereign debt crisis. I think it's like $325 or $350 trillion, some crazy number. And global debt to GDP is way skewed. That's why you've been hearing this for many, many years where they float the Great Reset and all this stuff. Monetarily, the whole system is imploding on itself.

And it's being reset whether or not we like it or we have a say in it. they're doing that. I'm not sure, you know, any of this stuff with the treasury means anything to strengthen the treasury or if it's just a way to give golden parachutes to those in the know. I mean, just to buy more time. This isn't about strengthening the U.S. financial system. Yeah, I agree. Yeah. When you talk about, you mentioned Scott Besson claimed. Yeah, we've audited the gold at Fort Knox. And we had Rand Paul come out and say, I've been there. I saw it all. I was like, really? Did you go through and do you assay this stuff and make sure that it was real stuff? just gold paint.

Did you count all the bricks, Rand? I just couldn't believe it when I saw that. It's like, no, really? You're going to try

to pretend that that's for real? I mean, we don't audit Fort Knox. We don't audit the Pentagon. Nobody does any real audits within this stuff.

I think it's one of the reasons why you got a guy who is the investment advisor for State Street says that, and again, this is one of the big three. You know,

you got Vanguard State Street and the one of everybody knows, Black Rock. He says, $5,000, gold is back in play well it's getting really close to that isn't it and he said 10,000 is a matter of when not if right well I agree with that I mean long enough timeline which is crazy to me because always people ask me where do you think gold's going to go and I'm like have you just looked at

the charts in the last you know five years per se or even 10 years when I bought my first ounce of gold it was you know $300 an ounce this back I was 22 I'm 46 now I mean it I think you can just set your watch to it because you're looking at a long-term debasement of the U.S. dollar in the U.S. financial system. And they really have one, they can classify it as, you know, really smart and they're above it all. And, you know, they have all these scientific theories. Really, it's just an expansion of the money supply. They hit the print button. I mean, to put it in the simplest of terms, they're going to expand the money supply to prop up the system as long as it'll be propped up.

And then, you know, they may, you look at other countries, they may be looking to revalue their currencies and denominated in something gold back. Certainly, it would interest the Chinese or the BRICS nations to do that. I think it's one of the reasons why China's been accumulating so heavily and even off the books since the beginning of this century, massively stockpiling gold. I think that's one of the reasons they'd like to not only be outside of the U.S. system, but reclassify their holdings in gold. And I think the rest of the world will follow.

It's, and it's going to be dealt, I think, a lot in the physical form, David. We're in a post-trust financial era. And I think that's where the rest of the world is just looking on and saying, okay, well, if I'm going to be trading in something, it needs to be something, I can verify, you know, trust, but verify. That's why these storage facilities are popping up in places like Hong Kong. in order to trade the physical trade. That's a lot of people ask about.

ETF inflows are net positive right now on both gold and Bitcoin. They have been for the last 30 or 60 days. There's a lot of inflows into the exchange traded funds for both of those assets. And I think it's a reason for that. And that's just a small portion of the retail sector. If you look at the rest of the world and their appetite for finite assets or, you know, know, sound money or, you know, strategic assets, it is massive. And I think that's, that should be your indicator aware of the rest of the world's heading. And meanwhile, we're buying back our own bonds,

which is something, something isn't right. And, you know, devaluing those and not signaling to the markets that we really can't tolerate higher interest rates or bond yields. Yeah, it's kind of interesting. You know, you're talking about the flows into ETS. for gold and Bitcoin. I understand an ETF for something that's physical like gold. Somebody doesn't, they trust these institutions, which I don't trust. And something that they don't get involved with actually physical delivery of it, but it's something that they can trade quickly or whatever. I don't, as you pointed out before, I don't really understand why somebody would get an ETF of cryptocurrency. You know, Bitcoin, why not just buy the Bitcoin yourself? I don't

understand that at all. I mean, it's a, again, you're talking about an electronic transaction rather than having something that is physical. But I don't understand the Bitcoin ETFs. And I don't understand when you look at what is happening with the paper gold with the ETF stuff. I started buying gold that way until gold started moving. And when gold started moving, I realized that the ETFs were not moving along with the gold. I thought, what's going on with that? And a little bit more investigating, I found out that you're not actually buying gold.

What you're doing is you're buying shares into a fund that says that they own gold, but you're not actually buying gold when you get the ETF. And, of course, you don't have any claim that you can get any physical delivery of it. It's not like some kind of a commodity future out of Chicago border trade. Not that you want to have a whole bunch of porkbellies show up on your doorstep at any point in time. But still, theoretically, you could get that, but you can't get that from these ETFs of GLD and S&HR. V. Yeah, the ETFs allow you to basically lock in a trade at the spot price. Is it backed by gold?

Probably mostly, but at some level, you're never going to get paid gold. If you cash out your gold ETFs, they send you Fiat. Yeah. It gives people the ability to trade in the gold market without actually having to store it, without having to worry about shipping or any of those logistical things. I would prefer to worry about it because I don't like counterparty risk and I like the tradeability. And I think people underestimate how liquid gold actually is. If people knew how liquid gold was, especially if you have a trusted dealer or a source to turn it into Fiat, you probably wouldn't keep a lot of cash in the future.

I mean, it's something like for me. I mean, honestly, I would hold most of my holdings in gold or silver physical rather than any sort of paper. I don't have any paper, I don't think. Maybe some mining stocks. But the reason people do that the ETFs and Bitcoin, David, mostly it's older generations. They're only people that have money in this country anymore. And they don't understand Bitcoin. It gives them a chance to expose some of their capital to the Bitcoin markets without having to hold it.

And that's unfortunate because Bitcoin was meant to be held by individuals and to be an asset that without counterparty risk. and you have that through your wallet and the keys that you have your wallet. And unfortunately, we have stories that come out like the cold card wallets that hit about a month ago where they were hacked. Like these are cold storage wallets that, you know, they lost a, I think it was like a billion dollars or some crazy number.

It was a lot of Bitcoin that was taken off people. That's the thing that bothers me about all that stuff. It's like if I've got a wallet, this is something like, so you've got a safe, okay, and you've got a safe that's on Main Street in New York or something. And you've got millions of people walking by this thing every day. And you're just hoping that there's not a safe cracker that's going to walk by there. And when you put something out there like Bitcoin, you've got the criminals

of the world can have eyes on that. And they can take a crack at that. That's the thing that concerns me about it. It certainly always is a risk. You know, a lot of the bitcointers, and I'm a Bitcoin or I mean, you can classify me as that will tell you, oh, it's, it's, it's, uh, you can't, uh, hack into it. It's, it's, it's completely safe. Well, it's not. I mean, there are things that, there are back doors and ways and you got to really know about the wallet that you're holding your Bitcoin and the things that I, I've done is, uh, I borrow against my Bitcoin, um, every so often with a, with a third party company that lends against it, get about 50% of the LTV, a loan to value. And I, I think it's pretty safe in there because first you've got to pay off my loan.

So that's one of the reasons I'll have my Bitcoin held over there sometimes. I'll just borrow against it. But that is an issue. And so, you know, as far as all assets are concerned, right now, I mean, if you look at silver, it's probably the dark horse. It has the most room to move. We saw it in January at, you know, $120 an ounce up from its all-time high of $52 in 1980. It's breaking records.

And there was a sell-off, and then you had the Iran war start. So now you get a gold-to-silver ratio is about 67 to 1. So it's down right now. But futures, if you look at all the demand, if you look at even sovereign buyers like China, India, the rest of the planet that runs on silver, it's massive. We've already got millions of ounces of deficits that are going to be on the books this year. where you have to take from the above ground supply. Mining hasn't caught up yet.

In the long term, silver is the best, I think, financial play. And again, this isn't an investment advice. This is more or less like talking about where we're going to be denominated in dollars. Gold's more liquid, faster to get access to. And then Bitcoin, I think, is another long-term play. But you always have that risk. I mean, when you don't hold it in your hand and you can't put it in your own safe

or store it somewhere completely. You know, everything has a risk. all of these assets do. But I think the number one risk of all is just sticking to the standard, you know, some economic system we grew up with thinking that the dollar will be like it was yesterday because it is today. And clearly you can see the writing on the wall. They're moving into a different era with the dog.

Maybe error, like you always point out, maybe it's not an error. It's a completely different system. And those telltale signs are there. I mean, with the strategic metal move on the executive order, classifying gold as a sanctionable asset because that props it up and puts it into a category as money. So we're signaling that again. And then the Treasury Secretary, Scott Bessent, reclassifying gold as, you know,

the $1.2 trillion number when it's not valued on that on the Treasury's books. It's $42 in that. Yeah, that's interesting. And when we look at the gold-a-s silver ratio, that's about 67 now. Isn't it historically about 13 or so? Do I remember that correctly? What was the historical number?

You're right. It's historically, it's between 10 and 20, the highest being about 20. The United States, when it was founded, classified silver to gold at 16 to 1. And that stayed that way until 1933. And, you know, we all know, Franklin Roosevelt's executive order had the gold turned in, people turned in their gold, and then he raised the price from, $20.67 an ounce for gold to $35 an ounce and increase the money supply. After that, the ratios have been a bit off and because that's an artificial system.

But I think is even if you look at geologically, David, it's 17 to 1. So for every ounce of gold in the earth is about 17. That's what geologists say about silver. So historically, geologically, all based on reality and real economics, we're looking at between 10 and 20 to 1. There's times, and I mean, we've been live on air with you when it's broken over 100 to 1. Yeah. And that's been, by the way, that's been in the last year. Gold was like $3,500 an ounce and silver was $35 an ounce.

And so at times it's even been 125 to 1. So these are completely, these numbers are completely skewed and not based off reality. I don't think that the silver suppression trade can be done the way that it used to. I think once we broke that all-time high, all bets are off and the shorts and everything else that they had that was suppressing silver for so long and the buybacks that they did and the shorting of the market, you don't see that anymore. I think silver has a lot of room to run. And it's not like we're not going to have another 1980 moment, David. I mean, it has to do with the economics that we've discussed earlier, which is the debt, the ability to manipulate market. the debt to GDP, interest rates, all of that.

Monetary metals are back in a big way and they're not going away. They're not going to be shelved because it benefits the dollar or the system, the debt basis that we have. I think we're only going to see increases in price denomination. I agree. Yeah. You know, when you go back and you talk, I've got a comment here about gold banks because you're talking about how people don't realize just how liquid. gold is. It's a comment from Hatchcar 61. He goes, question for Tony, will you be providing

additional choices for goldbacks in the future? I love the Wolfpack, he said. Of course, for people are just tuning in, the Wolfpack, if you don't know, that's the ability to be able to tell Tony, I want to save X amount of dollars per month from 50 on up to, I don't know what the top limit is. Maybe you can tell people what that is. But, you know, you just set it up for a monthly purchase that is a planned thing so you can gradually accumulate gold and silver and you can dollar cost average that way yeah the the question is a great one because i i love the goldback company that one of their representatives comes by and visits me in texas about every couple of months and has been gracious to give us lines of credit like we because we buy a lot of goldbacks i i got

on the radar a couple of years ago because we started putting the the goldbacks in to Wolfpack. And the great thing about goldback is if you go to their website, they have a chart and it shows you in real time what each gold back is worth and their tradeability. And it shows you locations and businesses that accept goldbacks as payments. And they go by those charts. So it stays very stable.

That's another great thing about the goldbacks. There's a stable price denomination. So when you ever you purchase a gold back, it's going to be pretty standard. and that network is only growing. I mean, in five years, I don't know. I mean, I assume they would double or triple or quadruple where they are right now and businesses that accept goldbacks.

And the longer that we see this debasement trade and the decline in the supremacy of the dollar, goldbacks will play a large role. It's one of the reasons I put them in to Wolfpack. And so, yes, we will carry whatever goldback has available, we've stick, uh, to the smaller denominations. It kind of limits us. You can always order from us direct. Because of gold back,

we try to, because of the Wolfpack and the way that the dollar system is, like how much they cost, it helps us round out the smaller goldbacks. I think we put goldbacks and everything up to the 250 range. And after that, it's just a physical gold bullion. Now,

I've got some of this from you. Do they put a dollar denomination value on it or something? I know the value is really going to be, fluctuating all the time you find that on the on the website chart but do what do they put the number of ounces on it how do they denominate that i forget yeah there's a ratio that it's like for each unit it's like how many like meltable uh not ounces but the measurement of meltable like the ratio and how it's divisible um so it's not actually based off a dollar it's just based off their unit of measurement and so if you have like a one gold back it's not necessarily

supposed to be a dollar you can go to the gold back website and it'll show you like a one gold back is worth so many dollars and that's that's the standard trade or what they value it at at the time and again that stays pretty steady i i like them for a lot of reasons they're physical which you know outside of that counterporty risk i mean nobody can hack your gold back wallet which is really good and if you're going to be you know trading or something like that they're very recognizable i would assume it would be pretty hard to counterfeit those. I mean, you'd have to go out of your way because of the intricacy of the artwork and just how it looks and how it feels. So I really like goldbacks. I think they're a good hedge against the dollar system. And they're not expensive. They don't,

you know, I mean, obviously the meltable gold doesn't really trunk necessarily with the, the dollar denomination. But you get the, you get the stamp, you get the certification of it, which I think is it's better than having a dollar in your pocket. That's right. That's right. And the reason I ask that question is because they would always put out, well, here we've got a dollar gold coin. But because of physical content, it may be worth a lot more than that or a lot less than that.

Here they've contaminated it. But it also takes away this issue that you have. If you go with a gold coin or something and you want to go to a store to buy something, how do you handle that? Well, that's the answer. There with the gold bags. I mean, you don't have to. If somebody was in a store, it's like, unless they're Rand Paul running the store, you don't just say, hey, look, this is gold.

Oh, yeah, I believe that. You know, because it's gold colored. They would have to do some kind of an assay against it to make sure that it was pure gold and have to weigh it and all this other stuff. But, no, that's what's taken care of with the goldbacks. That's a great idea. And, you know, when you go back and you were talking about Bitcoin, always think about it when there was this particular instance where a guy who was kind of monitoring. big transactions in terms of Bitcoin. And that in and of itself, I thought, was significant. The people, that people can see when there's big transactions, while they talk about a whale

does something, right? So he sees this transaction going through $900,000. And that's kind of interesting. I wonder why somebody did nearly a million dollars. He tracks it down, and he's able to figure out who it belongs to. And he calls the guy that did the transaction. And he asked him, you know, why did you sell a million dollars worth of Bitcoin? The guy's a billionaire. He didn't even know it was gone. It was news to him. As I said, okay, that tells me a lot of things about Bitcoin that I wanted to know to avoid actually getting any serious money into it.

Because it's visible to everybody and it can be stolen from you and you don't even know it. It's very possible and not likely, though. Most of the time, if you know, even if you're somewhat educated on how to keep a wallet in good standing and not share your past keys, you're going to be okay. So it has some pitfalls and those should be recognizable. And I think quantum computing also shows there's a threat that some of those older wallets held by Satoshi that have set out there for, you know, since the inception of Bitcoin since 2009 could be hacked and that Bitcoin could flood the market.

Even so, the issue with Bitcoin, I think it's not perfect. And so I think you can get a lot of the Bitcoin space, which I've been in the space. which I've been in the space for 10 years. You can get people that are kind of cultish about it. It's the only asset. It's going to demonetize everything else. It'll demonetize gold and silver. I don't believe that.

But I think it's going to play a large role, mainly because it's the antithesis of what the dollar is, Dave. You look at the scarcity of it. We've got to take a quick break, and we're going to be right back with Tony. We're going to talk about the other scam, which is the Federal Reserve. Excellencies, ladies and gentlemen,

Here Klaus, your annual global risk report makes for a stunning and sobering read. For the global business community, the top concern for the next two years is not conflict or climate. It is disinformation and misinformation. Followed closely by polarization within our societies. societies. In a world of deceit, telling the truth is a revolutionary act. You are listening to the David Knight Show. We're back with Tony Ardabon of Wisewolf Gold, and again you get to Tony through David Knight.gold. The Federal Reserve is meeting today in Jackson Hole, and everybody is focused on this, and I think it's just another example, Tony. We talked about so many other

indicators and harbingers that we see out there of things that are coming. And yet, everybody is so laser focused, not so much on quantitative easing, not so much on the, you know, circular debt nonsense that's going on, but about what are they going to do with the interest rates, even though this is just minutia when you talk about what would actually have to be done and the fact that their hands are tied, they can't raise it like Volker did. But we see the markets reacting to this kind of nonsense, just like they react to every kind of statement from Trump about the Iran war, what's going to happen with the Strait of Hormuz. This is yet another example of that, is it what do you think this is going to do in terms of

there's already rumors that the PCE data that has come out is going to give them some wiggle room to maybe do something with interest rates that's going to affect inflation. But when we look at the inflationary indicators to me, it really is things like Trump wanting to raise a debt ceiling by fine. trillion dollars it tells me they're not serious at all about doing anything fundamental well would it surprise anyone if in the next two or three years they just passed a bill where there is no there's a permanent removal of a debt ceiling because it doesn't matter anymore i mean dick cheney said deficits don't matter that's the thinking by the ruling elite um there is i mean the mathematics they don't care about that

math doesn't matter logic doesn't matter the reason that the markets move is a very short-term myopic look it's based off of these like vulture capitalism, people like Mitt Romney that are just trading off, feeding off the system itself. They're not long-term holders of value or building anything. So that's a lot of these things are just numbers on a screen. So, you know, what is the Fed going to do? Is it going to stay put? Is it going to lower rates?

Is it going to raise rates? I mean, all of that stuff is probably completely irrelevant in a one to two-year timeline. For five years, it's 100% irrelevant. it won't matter because you're talking about a completely different reality. So I try not to get sucked into that where I just go, well, it's probably going to move the price of the gold. Whenever I see the market respond, oh, happy days are here and everything's great. And they're going to either lower rates or raise rates or, you know, whatever Warsh is going to do, which is interesting, Warsh was brought in under the guise that everybody really thought, you know, because Trump pushed so hard to get rid of Powell and to demonize Powell, you know, even like the building.

It's like the criminal inquiry that they did on his expansion of the Federal Reserve building, all that stuff that's never really happened before. And you think, well, the first thing Warsh is going to do is going to come in and just, you know, take the governor off of the mechanism and lower interest rates and just print a lot of cash. They didn't do that. One of the reasons I think why is because of the Iran war and the raising of the price of crude, which affects everything which can create. inflation itself, not just the expansion of the money supply. But he's been like this head fake. I think it's between, you know, Warsh and Scott Besson, they both have a way of just head faking. They're both playing a game and had nothing to do with the prosperity of the American people or the dollar system. I agree. Who benefits? You know, it's the insiders are going to benefit. And I always tell people,

you can minimize all this garbage just by boiling it down. Like, do you believe in five years that the dollar is going to be worth the same more or less. You know, if you look at the metrics and the math from 1913 when the U.S. financial system was hijacked by the international banking cartels, the debasement of the dollar is 99%. So, you know, I'm going to bet on debasement. Well, Ray Dalio said three years just this last week. And he said, I think we're going to have a massive deficit crisis in just three years. And so Trump then says, well, let's raise the debt ceiling by $5 trillion. Let's add another 12.5%

just like that, you know? And so, yeah, they're not paying any attention or taking you that seriously. And, of course, it's not just Ray Dalio who's saying that. There's a lot of people who are saying that. He's not alone. And, you know, I think one of the most apt prognostications would be Larry Leopard, who wrote the book, The Big Print. And the thesis is that basically things become so overwhelming, not just for the U.S.,

but the entire world financial system because it's fiat-based, debt-based. We don't have the monetary order that we had post-World War II is completely destroyed, you know, from 1971 onwards. We're no longer on a standard or a gold standard where there's a set price and a currency. So they're going to have to print and they're going to do a huge print. I mean, it'll be something that's unprecedented. And then they'll go for the reset. And maybe that's a digitized system. the banking system itself will most likely be consolidated, David.

That's really what we've witnessed in the last 10 years or 20 years. What they'll do is tokenize all these natural resources that we've got and the things that the government claims that it owns, which they don't really own constitutionally. But maybe something like that. It seems to me like that's kind of been in the cards from day one of this trumpet regime that's here. Yeah, they will figure out a way and what's best for them and their holdings and, you know, those that don't play ball will be left by the wayside. And I, and that's something for the average person.

That's one of the reasons I'm still on air and I talk about. I think it's, it's important to understand the monetary system and it's important to understand that it's going to be manipulated. There will be debasement. There will be devaluation, not only of currency, but of stocks, you know, IRAs, 401Ks, all these things that are tied to the system that relies on that debt-based injection is, I think, very vulnerable. Hard assets in this, especially this decade and beyond, will be very important. I agree.

I agree. And if you want to get some hard assets like gold and silver, the place to get it is with Tony. He can handle large transactions. He can handle small transactions. He can help you to save on a monthly basis and dollar cost average that stuff out at Wolfpack. And again, you can find it at David Knight. Gold. Is there anything else that you want to tell people?

Do you have your broadcast today at the end of after mine? I do. I wasn't able. I'm sorry last week. I was meeting with my accountants in Las Vegas. And my website had an issue. And we're still working some of the bugs out. You know, you put something out on the internet anymore.

I mean, we've been there for four years with Wolfpack. There was an issue. None of the customers' data was in jeopardy ever. But it was people were having a hard time. checking out. And if you ever have an issue with Wolfpack, please email me if there's anything on Wolfpack.govol that you see that needs improvement. We will definitely respond to it very quickly. But you can go to David Knight.orgol if you've got any questions on precious metals. Again, no. The reason we set up Wise Wolf and Wolfpack was for everyday people. I mean,

we don't have a minimum. We don't have a call center where you're going to be treated like a number. And you can dollar cost average, which nobody does like we do. I mean, you can, started even with a kid's package as low as $35 a month. And promo code David, by the way, gets you some free constitutional silver. And the limit is $5,000 on the returns. But after that, it just behooves you to go direct with us, so you don't have to pay a credit card fee. Yeah, that's great.

That's great. I really like what you do there. And, of course, you know, we're in a situation right now. You need to think of this as not a way to get rich quick, but a way to protect the value of your money that you work so hard to earn. That's really what gold and silver do for you. They keep that value there. Dollars going all over the place and it looks to me like it's got one direction it's going to be going in the near future. And you don't want to, you don't want to be on that train.

So there is one way that you can distance yourself from this insane government that we have. And that is with a physical gold and silver. You can find that at Davidnight.gold and use the code David to get some extra goodies there from Tony. Thank you so much for doing that, Tony. Appreciate it. Thank you, Dan. The common man. They created common core and dumbed 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. Their most powerful weapons are isolation, deception, intimidation. They desire to know everything about us while they hide everything from us. It's time to turn that around and expose what they want to hide. Please share the information and links you'll find at the Davidnight Show.com. Thank you for listening. Thank you for sharing. If you can't support us financially, please keep us in your prayers.

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