The David Knight Show - INTERVIEW Tony Arterburn: One Person is Responsible for 42% of USA Debt

Episode Date: December 12, 2024

One single person has created 42% of ALL of the USA's debt.  Who is it?Not only the USA but Russia is talking about a Bitcoin Reserve and one company is setting up a way for nations to do it called "Praetorian"Israel makes more moves to ban cashAustralian bank gets pushback for charging for cashBlackrock leads the way to tokenization with tokenized money market fundTrump's tariffs and inflationStates moving to prohibit CBDC and more importantly make gold and silver legal tenderLIVE questions from the audienceMoney should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver 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: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

All right, welcome back and joining us now is Tony Arteman, the wise wolf himself. And it's great to have you on, Tony. What's on your radar here that's happening with money? You've got some breaking stories that you said. Yeah, well, it's great to be here, David, as always. Yeah, I saw a headline on Zero Hedge just came out. Janet Yellen, outgoing Treasury Secretary, is sorry for her performance. In other words, she presided over $15 trillion in debt creation, 42% of the total debt of the United States ever created in four years.

So she's sorry, David. I don't know. Yeah. She is one sorry Treasury Secretary in Federal Reserve, Joe. Yeah.'s sorry, David. I don't know. Yeah. She is one sorry treasury secretary and federal reserve chair. Yeah. Absolutely unbelievable. And that's, we've been talking about this, like it's every 90 to a hundred days, a trillion dollars in debt creation. And a lot of people don't realize it took us 200 years plus to get there the first time to get to, to get to $1 trillion. And now we do it every 90 to 100 days these are unsustainable numbers and you throw them out there it really is sobering

oh yeah yeah and how can that be sustained it can't be sustained you know i talked the other day about um morgan stanley saying it's time to sell the u.s dollar you know and it's like it really is you know regardless of what you put it in, it's time to sell it. It's absolutely crazy. But there are also, when you look and we can talk about what people are looking at in terms of Bitcoin, in terms of gold. But both of them are very bullish in terms of everybody's projections. Why? Because you've got to get out of this currency that is being literally destroyed. When I think of Janet Yellen, I can never lose the image of this little woman who goes to China, and she just kept bowing to them after she had done all the mushrooms in that one place.

I guess if you do enough mushrooms, the trillion dollars don't matter. Something disturbed her neural pathways in some way uh yeah she she's presided over a this massive debt creation a total failure of the u.s dollar i mean and it it looks to me you know when you look at the conspiracy theory of history you look at the inside job that's what's going on the controlled demolition of the american empire this would make sense to have her at the helm not only at the head of the federal reserve as a fed chair but then transferred over to the treasury and to finish off the job that she did as a fed chair that's right yeah ray dalio is a billionaire investor come out and said um there's going to be a global debt crisis yeah Oh, that's not rocket science to predict that.

And so he's backing Bitcoin and gold. But then in terms of the two of them, he later came out and said, he said, stay away from bonds, stay away from government bonds and all this stuff, stay away from debt. And he followed up on this and said, Bitcoin is still speculative. He says, and he says, it won't work as a reserve. He says, I prefer gold as a reserve. The Russians are talking about setting up a Bitcoin reserve now. That's one of the reasons why he's talking about it. So you got the Trump administration talking about setting up Bitcoin as reserve. You got Russia setting, talking about that. But of course, Russia is looking for

alternatives to the weaponized dollar. But when Trump and the Americans are talking about what else can we put in here as reserve, that's because they know the dollar is being destroyed. It absolutely is. And you look at the chart of finance around the world. Michael Saylor did a great job with this at the Bitcoin conference in Nashville in July. If you look at the board, if you look at the overall assets around the world, you talk about the debt ratios. Supposedly, there's about $350 trillion in worldwide debt.

That's both government and private. But if you look at the actual projections of what wealth is, it goes up to about 400 trillion. And if you go in the top left-hand corner of that chart, there's gold at $16 trillion market cap or so. There's silver at 1.4, and now there's Bitcoin at 1.9. Well, there's hundreds of trillions of dollars supposedly floating around in these markets and these bonds and and uh you know uh again stock exchanges and all the rest I don't buy that I think that where we're headed with you know there's 52 times more currency on Earth today than when I was born the currency and the money

supply continues to expand and when that when that happens David as you know the purchasing power goes down because defying all logic Fiat currency somehow still trades with value. I mean, you and I look at it and go, well, I'm really skeptical of it. It doesn't have any value because it has again, it's it's it's infinite. It's on demand. They print it whenever they have a problem. They run into an issue. They bail themselves out, expanding the money supply. So that's what inflation is. It inflates the currency supply. And so when I look at the future, I'm seeing a lot of, again, Russia's turning to even adding silver as a strategic reserve asset. Platinum, palladium

is another thing they're adding. The Bitcoin, the game theory is the Bitcoin maximalist call is where governments start utilizing Bitcoin as a reserve asset, much like Trump's discussed in Nashville in July as well, because Bitcoin is finite. We know how many Bitcoin there are. And same thing with gold. And if you know anything about gold mining and how hard it is to obtain and how hard it is to refine and just how precious it actually is i mean there's 151 000 tons that have ever been mined in the history of mankind that we know of and more steel is poured in one hour on this earth than all the gold that's ever been mined so it's again it's a precious commodity we don't know how much gold there actually is or how much silver there actually is but we do know there is a finite number of it.

And I think in the future, because we've lived since 1971 in this real-time experiment of fiat currency, I think the trend in the future will be shifting back towards things that are, well, the hardest money wins, to put it that way. Something in the sound money and a finite resource to house value. I think that will be a scramble for that in an age of fake. We're just seeing, I think, the end game. And it's not tomorrow, but it's coming where a lot of these markets and bubbles start popping as you're seeing in things like the commercial real estate market or the bank, the private banking sector is things like stocks and things start losing their value based off earnings and start to implode. I think things will turn around in a big way for Bitcoin, gold, and silver. Yeah, it is.

All this stuff when you talk about the mining of the gold and everything, and, of course, Bitcoin adopted that in terms of talking about mining, right, as they earn Bitcoins for processing transactions and things like that. And when you look at the way Bitcoin is always depicted in the illustrations that accompany the articles, they'll always have like a gold coin with the Bitcoin, you know, the B with a two dollar sign thing. So or they'll just have the B with the two and they'll put the B in uh some kind of three-dimensional gold you know but it's not physical and that's the key thing and you're talking about the maximalist looking at this and when are the nation states going to jump into it we have um uh we have a crypto custody company called casa as in house i guess and they've unveiled a self-custody service for nation states they call it praetorian and so what they're trying to do is set up something that nation states can trust

and and you can trust these people going to operate the software to keep track of all your things and and um you know they're hoping that they can use that uh to as a replacement for nation states keeping gold reserves it remains to be seen though you know tony i it was just this last week and i haven't covered it on the show this week yet but um google claims they had a major breakthrough in quantum computing and they talked about how um they could um do something in a very i forget what it was where there's a minute or something like that something that would have taken a septillion number of time units to accomplish the same thing without quantum computing saying that was that big of a leap

in terms of computational power well if that becomes implemented that becomes um you know widespread if the governments get that it seems to me like that puts the whole issue of some kind of a blockchain or encryption thing that puts that all at risk is it like praetorian guard is that the the way that it's listed on the casa like the praetorian that's the way it is praetorian like exactly like praetorian guard yeah yes that the way that it's listed on the CASA? That's the way it is. Exactly, like Praetorian Guard, yeah. And we don't have that worked out, do we? That's interesting.

That's interesting. So it's something to ponder. Well, I've always thought of it like this. I think that the Bitcoin story in the network is pretty amazing. It's fascinating and resilient because there's nothing like it that has ever existed. Something that's decentralized. And I know I get a lot of people writing me like, oh, it's an NSA creation. They wanted you to use Bitcoin to get used to that. So you buy the CBDC. But that's such a terrible idea because Bitcoiners don't want a CBDC. You've woken up an entire generation of people that would otherwise probably just been more techish and not focused on currency. I think you've woken up millions and millions of younger people in that space that are just aware of what fiat currency is.

And they're reading the creature from Jekyll Island, stuff that I don't think they would have done had it not been for Bitcoin. So it's probably going to be a mixed bag if it is a conspiracy or something out there to get me excited about a CBDC. It failed. But I would say that you're right. I mean, eventually technology catches up. So that's the Bitcoin network going to have to outpace anything that could disturb it or take it down. So when you're looking at Bitcoin, I think what you're, and I'm bullish on Bitcoin in some ways, because I know, I look at the world a lot differently through headlines, as do you, than I think somebody that would be considered mainstream.

We don't look at it that way because we have a different viewpoint of history and we've learned different things. We have different data points when it comes to looking at reality. So I do, you know, I have, part of me is optimistic about the future because I see the end game for fiat currency, but the danger is the great reset. The danger is agenda 2030 and agenda 21 and all the, you know, the sustainability projects and the technocracy. That's the danger there. So if there is an opportunity, it's for decentralization. I think Bitcoin can play a role.

So you're basically betting that civilization will continue or that it will be better than it is today with Bitcoin. And so I have a partial bet on that. but i think at the end of the day the next level down if you're you know would be gold and silver because they exist in this dimension um you know they exist and you can hold them in your hand there's no counterparty risk it's physical um and it's part if you read anything a lot of the bitcoin maximalists i find it fascinating they they give up on precious metals they're're like, there's no value there. Bitcoin will demonetize gold. It'll demonetize silver.

There's no evidence to that. There's plenty of room in this giant financial global market for value. And you've got to think about not only just the monetary value, but the industrial value of both precious metals, gold and silver. I mean, that was a 90%, David, I think of all the gold is used for things like jewelry and electronics and other things. It's not used, it's like 10% in central banks and stored value and currency, backing up the currencies of nations around the world. So it's not exactly all used for monetary assets. And so I think that, again, there's a bet you're making with any of this stuff, because even you get past those layers and people ask me, well, what are you going to do with gold coins if there's no government

and you're having to defend your home? I'm like, well, then you're going to need storable food and ammo. I have no, I have, it's not going to help you to have gold. I agree with you on that. So it's kind of a, all these things are bets that, you know, tomorrow there'll be a functioning economy. So at some level, but history is my guide and history tells me that, you know, precious metals will always have some relevance in the human story.

I don't care, you know, really what the future holds for anything. If there is a future and there's civilization, gold and silver will play a part in it. And of course, you know, when you look at it, there's a whole spectrum of different results that could happen. I mean, we could have a complete societal collapse in which only food and ammunition matter. Or on the other side, we could have it so that everything continues on as it is, and they're not weaponizing any of this crypto stuff against us, and they're not creating stable coins

and tokenization and everything to kind of bring in a backdoor of this. But when you look at it, let's say beyond those two extremes there uh something in the middle we're just concerned about privacy you know and that's why we've had a lot of stuff coming in australia the largest bank there just tried to charge everybody three dollars uh a fee to withdraw cash and we're not talking about an atm you know they've established that people say okay understand this is a convenience and they got the expense of a machine here or whatever. Whether or not that is justified, you can argue that. But still, if you walked into the bank and got cash from them, they're going to charge you $3.

And it was the biggest bank. And they got a huge pushback from the public. And they backed off of that. And so that is really, I think, people wanting to keep cash. There is no intrinsic value in any of this fiat stuff. But the value for the cash is that it is private. And I think that's a key thing. And that's one of the key things that sells me on gold and silver versus some of these crypto things. I've had Aaron Day on.

We've talked about, you know, he's working on this really hard. How do I, you know, have crypto, gold and hard how do i you know have crypto gold and silver he's opened all of these things how do i keep this stuff and how do i keep it safe how do we keep it private and it gets very very complicated and he's constantly having to adapt it because they're constantly shutting things down and and changing stuff and so he's constantly changing you know i talked to him a couple months apart and now everything has changed again. I don't have the ability to keep up with that kind of complexity. You know, he's made a full-time job out of it, and he's telling other people how to do it. And that's great, but it's that constant thing. Just as you're talking about,

if quantum computing comes along, well, Bitcoin is going to have to adjust to that in some way. You know, technology is not going to be necessarily static on the Bitcoin side either. But, you know, that's the thing is that it gets really complicated. I like the simplicity of physical stuff. I'm starting to value it more and more all the time. And we saw after COVID-1984 that there was, I mean, immediately there was a war on cash and they you know they stopped the imports of the dollars that are being repatriated which really was the the tell for me that something else was going on here um much deeper in the financial sector that they're trying

to set up uh trying to condition you for a cashless society because you saw after that story that oh we can't accept the bills that have been circulating around the world, especially U.S. currency that's come from China because it may have the virus on it. Then you stop seeing deposits of coins. And people were asking me, well, Tony, there's a coin shortage. Do you have any idea what this means? I'm like, well, it's because they shut down, you know, hundreds of thousands of businesses and those businesses aren't making daily deposits. So the banks are short on deposits. That's a simple explanation for that. But that was welcome. They didn't want the coins.

They didn't want the, you know, and certain retailers stopped taking the cash, complying with the overlords, you know, trying to create this cashless society, which that's where it starts. The pesky thing, I think for them will be because there is a war on cash, folks, and they're going after the cash as fast as they can. I think a lot of it's been put on the back burner because the economy and the political backlash for everything that they did in 2020 onwards is really heated up. I think a lot of it's blown up in their face. So I think there's probably some things on the back burner. But make no mistake, if there's the right crisis, an opportunity presents itself, they will put the cash in the trash, I promise you, they will get rid of your cash. And the thing that will be left will be gold and silver. And of

course, you know, existing in the in the real world, I mean, crypto is one thing outside of the financial spectrum. But you're right. Existing in the real world, gold and silver will be left standing. I saw that Florida is exploring making gold and silver legal tender as well as many other states. So this is the future. You're seeing the trends and the headlines are showing that, you know, we're going to have some sort of role for gold and silver as legal tender in this country, especially as the economic conditions continue to worsen. And I'll remind you, even if gold and silver aren't necessarily legal tender and like coinage, we can look to examples like Venezuela after their fiat currency collapsed. And of course, their stock market was booming. So pay attention to that, folks. Their stock market was booming and their currency was dying.

And they started using scrap gold and silver like I buy at my physical locations, like pieces of jewelry and things like that. People had ways to test it or they would just be recognized. Things like the Chinese right now, they're not coining things. They're putting gold into the size of a little bean and they're having gold beans and things like that in India, China. You'll see stuff like that, I think, in the coming years. The fiat currencies have no bottom. And of course, gold and silver and Bitcoin really have no top wind. So, you know, that's because there's two different, these are diametrically opposed things.

You have infinite versus finite. And for me and my reading of history and economics, I'm going to things that are scarce. I'm not going to be putting all of my effort in chasing things that are ubiquitous forever. Yeah. Oh, yeah. It's like the manufactured collectibles market i remember um much younger my sister was like oh look they got this collectible whatever you know doll and then later my kids looking at pokemon stuff you know this is really rare and it's so valuable it's like it's manufactured

they can make more of this stuff and that's what it is the the fiat currency is a manufactured collectible yes it's like a dollar it's like pokemon cards you know it's oh beanie babies that's right beanie babies another one yeah another one of those um well you know israel is always at the forefront of all these globalist agendas and now they're making moves towards eliminating cash they are stopping the 200 shekel bill and netanyahu is saying that he's doing this to advance the fight against crime in the arab sector it's always about you know uh you'll never use a crypto their their central bank digital currencies that'll never be used for crime uh no it's only the cash and that's why we got to get rid of the cash and you know you look at what he did in terms of pushing the vaccines and pushing the vaccine passports and all the rest of the stuff and now

he's at the forefront of pushing elimination of cash but it's not just him it's also blackrock they're expanding tokenized money market fund. I talked about this earlier this week. You know, this thing they got, I guess it's build, it's B-U-I-D-L, and so they move the L to the N. But, you know, they're adding more and more blockchains to start tokenizing things. And I think that's going to be the big trend in the Trump administration. When you've got Lutnik and these other people who are already into tokenization. And he has appointed a lot more people who are involved in that as well. Just this last week, he got David Sachs. He put on there to push this crypto stuff. He's surrounding himself with all these crypto billionaires. And that's what everybody's seeing. I think that's

really what is getting everybody excited in the marketplace about crypto because it looks like he's going to fall off the other side and that's the danger, I think. That is the real danger. And what happens when the psychological value that we're giving to the Trump administration going into 2025, you see the bubble inflating for the the crypto market you see all these mean coins

popping up and things that um very risky what value do they actually have what what purpose do they serve you know I mean there's there's certain coins I think that could serve a purpose outside of Bitcoin but that's still an open question for me I really only own one cryptocurrency uh that's Bitcoin and that's because i i understand the finality of it and it has the you know again the 21 million built into it the decentralized network things like that but you start talking about these other coins and the expansion of the crypto market so here's the danger you get to a something like a dot-com bubble bursting. You get a housing market type situation, an 08, 09.

Well, what happens? Well, we have to have regulation, David. We have to stop this. So much speculation that's going on. We have to, maybe we'll make one centralized tokenization. We'll make these through central banks. They will use a crisis to precipitate

the introduction, the normalization of central bank digital currency. And now that we've got, you know, this is the danger, too. This is what we saw in 2017 to 2020, 2021, is that, oh, we have Trump, so we don't have to worry about, you know, any of the government tyranny. We're good, you know, 4D chess, all the stuff that you cover and I've covered, and we understand that this is the danger. People will go to sleep. Well, he said he wasn't going to do the central bank digital currency so that won't happen i heard him say that in nashville which is kind of weird because jared kushner was working on that during the trump administration and so steve mnuchin yeah yes two of them they were the ones

who kicked it off the first time we got any indication of the government american government doing it it was those criminals yeah when you look at it, I talked about, I think the company was Smith & Wesson. You know, their sales are really hurting because people don't think they need guns now that Trump is president, you know? And so it just goes in cycles like that, you know? If it had been Biden boy, they would have been,

you know, we got to buy our gun now because he's going to ban it, you know, and so forth. But now we're seeing that with the crypto stuff. It's like, oh, he to ban it, you know, and so forth. But now we're seeing that with the crypto stuff. It's like, oh, he's going to, you know, lay everything down. And, of course, you know, Biden has been at war. And now you've got an SEC guy that Trump has nominated, Paul Atkins. He's somebody who's heavily into tokenization. David Sachs that I mentioned before, that billionaire, you know,

he's been anointed as a new position of crypto czar. It's like, crypto czar? Doesn't that sound like centralized control? I mean, it's like, what is going on with the... There's kind of a cognitive dissonance there to the term crypto czar. I just can't get my head around it. But everybody that's around Trump, if they have anything to do with anything that's part of the financial system or financial regulation, they're all crypto guys. It truly is amazing to see what's happening there. But what do you see happening with gold and silver? I mean, a lot of people I've seen, you know, still people are talking about, you know, Bank of America and others are still looking at their $3,000 gold, you know, next year. And that silver would actually outperform

gold. Many are still saying that. So what are you reading? What are people projecting? I know you don't have any predictions about what the exact price is going to be, but there's a lot of people out there who are making those projections. What do you see? Well, when you and I talked right before the election, you know, I felt it was pretty clear that, you know, if it went with a Harris administration was going to happen in 2025, that gold and silver

would go up. They'd probably see some new record highs for gold, possibly even silver, and that Bitcoin would take a temporary hit, maybe fall back into the high 50s uh 50 something thousand uh for per bitcoin because of the the hill that they're gonna have to climb up with the you know the perceived regulation and and the hostility that the biden administration had towards crypto and if trump won you know the opposite uh gold and silver would fall bitcoin would rise and of course it has and bitcoin's broken its all-time high It's still over 100,000. You know, and I anticipated that we're going to hit 100,000 probably regardless in some time frame with the next six months. But now we've done that before the end of the year. I really

think that gold would already cross the $3,000 threshold had Trump lost the election. But we're in a different world. And so none of the fundamentals change, though, David. And the central banks are still buying gold. It's funny. He tweeted after the election that if countries don't use our dollar, if the BRICS nations create a competing currency, that he'll put 100% tariff on all their incoming goods. They won't be able to sell in the U.S. And I

find that to be silly. One, the BRICS nations aren't creating a competing currency that I've seen. What they're doing is they're creating payment systems where they can use commodities across borders. I hate to break it to everybody, but I'm pretty sure at this point that gold is already the world's reserve currency supplanting the dollar they're just using technology now to use their gold and other commodities uh to pay for things across borders and not use the swift system and not use the u.s dollar um i i see that because in 2021 uh the the bank of International Settlements in Basel III took gold from a tier three asset to a tier one, which is on par with cash.

So these central banks started, and banks around the world started putting gold as a cash reserve on their reserve balances. And I think that's really what's changed. And so we were probably entering a world where this is like the end game for Gresham's law, which is when bad money enters a system, good money goes into hiding. Well, you know, we're reaching this. Look, I mean, we're the whole thing with Janet Yellen adding 42 percent of the total debt of the U.S. in four years, that's the end game for the experiment that we've been in since 1971. You have a free-floating fiat currency with no fiscal responsibility. They don't even talk about

balancing the budget anymore. They don't talk about deficits anymore. It's just a foregone conclusion that we're off the rails. Honestly, David, I just did a presentation for Anarchapoco for the dollar vigilante. They asked me for 35 minutes to just break down what's happening on gold. And I said, I think gold is already the world's reserve currency. It's just going to be used in different ways and technology for cross-border payments. The dollar will just start fading. And I think it won't fade overnight. But you're watching the de-dollarization happen in real time. You can't put that toothpaste back in the tube. I don't care what tariffs you have.

That's right. Yeah, and when Trump says he's going to put 100% tariffs on the BRICS nations, what he's fundamentally doing is the same thing that Biden did. He's weaponizing the financial system that the U.S. is dominating, and he's going to get the same results. It's only going to drive the dollar down. It's only going to drive the dollar down. It's only going to drive the financial system down. But I think he's okay with that

because I think these people really do intend to create a different type of financial system. It's going to be something that is going to be an Overton window that is going to be moving people towards something that is digital, whatever that's going to be. And it's going to be malleable.

It'll be voluntary under them. They'll make a lot of money. And then at some point in the future it'll become mandatory i think that's what we're looking at with this and um you know i saw some article i forget who it was that wrote that but uh said um we have um uh we're looking at the biggest change the financial system since nixon it's like oh okay so you're going to completely redesign it and that was what biden had said in march of 2022 let's talk about how we're going to completely redesign the financial system i think the uni party wants to completely redesign the financial system and it's interesting to see how it's going yeah that's their marching orders from davos you know we're going to we're going to do the great reset it's filtering down remember klaus schwab said he penetrated the cabinets well they're certainly doing that i mean our our

so-called leaders are carrying out the uh agenda 2030 right before our eyes and it's disguising it with uh what we could would consider our politics i don't think i don't think we're truly paying attention as much as we should i mean it's nice to believe that you know they have our best interests, but I don't think so. I think you're right about that. I mean, it's looking at, it's so over the top. I mean, that tweet alone about 100% tariffs, I'm an economic nationalist. I like tariffs. I didn't think we'd be talking about tariffs 10 years ago. I didn't think this would even be in the national discourse, but it certainly is. It's pretty shocking. But at that point, it's just weaponization of the dollar. It's not smart. It's not strategic. making our tax code more friendly to investing and maybe just completely eliminating the income tax altogether, replacing it with something else.

You could do that. I mean, that's the kind of change for the 21st century that you would need to be a true competitor in the global market. That kind of weaponization of our currency, which, by the way, you know, it's no fault of these countries that want to get off the dollar system but russia it just put out a a response to the money that was seized the the u.s dollars that were seized after they invaded ukraine in 2022 that money was filtered back to the ukrainians they were able to use it to borrow against and russia said that's an act of war yeah they just responded their finance minister was calling that an act of war. I agree with that.

It's like $20 billion or something and they're taking that. The U.S. was holding out to just take all the money and split it up amongst ourselves. They're a bunch of pirates. Instead, the European Union, maybe they're more afraid of Russia. They said, no, no, no. We won't touch

the principle. We'll just freeze the principle but then we'll take the interest and we'll do this and so that's where this money they're going to make them alone and you know they can have a line of credit that's up to 20 billion dollars or whatever but it's theft it's just piracy absolutely yeah it's amazing but you know you mentioned earlier we got some states that are talking about making gold and silver legal tender. There's a bill in Missouri for that. We've got, and again, talking about it as a and prohibiting the use of CBDC. Also in Michigan, a bill to do that. I'm just concerned.

That's all good stuff. I'm just concerned that it's going to be de facto, that it's going to be a public-private partnership, that it's going to be done in a subtle way. And if you want to know, you know, if Trump is on the side of liberty, I mean, just look at his temper tantrums. It's like, eventually, it comes back what his real position is. And it's no different when he says, well, I'm going to give you 100% tariff. I'm going to shut it down, shut down all trade with you. That's no different than Lala Harris saying, well, I'm going to give Congress 100 days to ban guns, and if they don't do it, I'll do it myself. And that's where these people are.

It's like, well, okay, let's talk about it. But when push comes to shove, they're going to force you, and they're going to do the most authoritarian stuff that is out there, because that's really what they're all about. That's exactly right. And it's just, again, we have a window of opportunity, I think, here to learn about the difference between currency and money, to do your own research and to figure out, you know, again, I support things like decentralized Bitcoin wallets,

learning how to trade that. I think something outside the system, not linked to an exchange, is a good thing. I'll be making an announcement soon where we're going to have a website where you can buy Bitcoin just like we do with Wolfpack. You can put it on a monthly subscription service. I'm working on that. It's moving very slow, but I've got a lot of good things in the works. Well, it should help you, too, when they get rid of some of this regulation you know i mean that as you're looking at this stuff

and you're looking at tons and tons of regulation some of it's coming from the sec and other places that's going to make it easier for you to get that up and running and i've got a question about that here for you as well dg8 says david can you ask tony what he thought about the hit piece on 60 minutes on crypto i didn't get to see that yet um when did it come out uh i don't know maybe it's this last weekend i didn't see it either i don't uh typically keep up with 60 minutes i imagine it's probably the same type of hit piece you know it's only the it's the it's it's only uh you know people like ross ulbrich that are using it to kill people and do illegal things on the internet that's probably that type of the same type of stuff they say about cash of course right anything they want to do i'm

ignoring sun sue's maxim of know your enemy by ignoring the mainstream media these days i don't i so many of the outlets and things that i you know go to for my wheelhouse they just aren't in that that sphere so i don't see them as much as i used to yeah yeah uh thx 1138 uh 322 i don't know what the 322 is about unless that's uh skull and bones but anyway the claim will be bitcoin will be backed by gold except it won't it'll be backed by a piece of paper and you'll never see that go kind of like uh you know the shanghai gold exchange and the um you know the the paper gold that we talk about all the time they could come up with a bitcoin gold right well they could and um you know the the paper gold that we talk about all the time they could come up with a bitcoin gold right well they could and then you know they have other cryptos that are

linked to gold in the texas uh depository there's you know they're looking at ways where they can make it to where you can fractionalize and digitize your gold use a debit card it basically it'll be in real time whatever gold you have in your holdings you can swipe it and it'll deduct from that um i think there's some great technology they're working on with it but again you know don't put all your eggs in one basket and then uh be have again know know who you're dealing with and all this stuff because there's going to be a lot of these financial products that come out uh in the next you know many years especially as they if they are crypto friendly that you're going to be skeptical of and

and uh make sure it's tried and true before you use it i agree you know especially because you see lucky lutnik um is going to be commerce secretary i guess that's where uh the commerce secretary seems to be where trump puts his crooked bankers and that's where he put the ross child guy wilbur ross right yes uh so now he's put Lucky Lutnik there. And of course, he's involved with Tether and other stable coins and things like that. So I'd imagine these things are saying they're stable coins because they're linked to the dollar or something like that. They'd be a lot more stable if you linked them to gold.

So I can imagine we could see some stable coins that were supposedly linked to gold as well. That might be the way that they will approach that. Nancy Chambers said, I went to the bank to get $100 bills to pay a contractor and was told they didn't have many $100 bills, so I had to take it in small bills. That's one way to get rid of it.

You can just do it by fiat like Netanyahu, or you can just start slowing down the printing of those even as you add zeros digitally to the currency. You can slow down the printing of actual big bills, I guess. Well, I think it's another, and this is just me. It isn't coming from anywhere else that I've read or anything I've studied. But if you look at the actual metrics of how much currency has been created in the paper in the physical realm, the majority of's not here in the u.s so if they if they wanted to stop uh what was you know robert triffin's dilemma you know for all the repatriation of dollars hitting the u.s shores they could basically just say cash is a is null and void and uh you know the the rest of the world's really holding it it's 80 of all the hundred

dollar bills ever made aren't in this country um 65 of the all paper currency is not in this country it's used as the world's reserve you know you go used to you go to places like iraq where i saw their currency die in real time when i was told to go to the bank after the republican guard fell in mosul in may of 2003 um i was able to use dollars. They very much welcomed that. But now it's illegal to trade in dollars in Iraq. The Iraqi parliament's made more, I don't know if it's on the streets, but definitely between banks and using it as a reserve asset. So they're already, and they've applied to BRICS and joining that block as well.

So the dollar's on its way out, whether we like it or not, because of the weaponization and the arrogance. And I think, again, the calls are coming from inside the House. They're doing it to us on purpose. Our leadership is so-called is doing this to us. Yeah, when you look at the way that they do the cash, I remember when Obama sent pallets of cash to iran okay and what he did was he pretended that well that's not really prohibited you know you said you couldn't

send him any dollars or something so he does it all in foreign currency you know it's like these people everything that they accuse everybody else of they are just projecting all that dga came back and said david 60 minutes piece was on sunday they had xrp ceo i think that's ripple right uh brad darling house accusing him of buying elections oh maybe they ought to have elon musk on and accuse him of buying the election his wealth is nearly doubled he's at the top of drudge report today he's like the the 400 billion dollar man i mean he's well on his way to a trillion dollars and becoming the first trillionaire and uh and of course um you got uh trump who um said you know just they gave another gift to him uh this last week in terms it's like you know somebody invest a billion dollars we're

going to waive all this other stuff and he's like oh this is wonderful it's like yeah wonderful for you you bought the white house i think in this time in history it's like, yeah, wonderful for you. You bought the White House. I think in this time in history, it's just an opportunity for us, a little bit of a window here, but we still have to be very cautious. I'm not buying and drinking the Kool-Aid of where we're headed into 2025 with the euphoria or anything like that,

but there's some opportunity there, I think, to prepare and to make better decisions. Again, I think it's a blessing, uh, but, uh, don't get too comfortable. Uh,

so I hate, I hate to be that guy, but, uh, don't get too comfortable because there's all the metrics that were threatening us, uh, are still there. Yes.

All the things that financially, all the weakness of the dollar and the debt and everything else. And the geopolitical uncertainty is still there. Yeah. The, uh, the term irrational exuberance seems to echo. Yes.

I remember when that was put out there by the Fed chair. Was it Greenspan that said that, irrational exuberance? I think so, I think Greenspan. Well, your program is coming out following this one. Tell us a little bit about what's happening at Wise Wolf as well. Yes, sir. We've got 11 a.m. Central Time, Arterburn Radio Transmission. You can find it on my Twitter, at Tony Arterburnburn and Rumble on the America Unplugged channel. Same thing on Rockfin. We'll be live. I'm going back to broadcasting on WWCR, Worldwide Christian Radio.

Oh, good. canceled all my contracts with traditional talk radio and i'm just not doing that anymore i just don't think the talk i don't think we're i don't think i'm related to that anymore i'm just uh much more on the alternative side and the financial side so uh that'll be my debut on wwcr back again today and uh wise wolf we're looking you know to fill all the orders for the holidays and um you've got promo code 1776. If you look at Wolfpack, if you go into Wolfpack, go to DavidKnight.Gold, little is $50 and goes all the way up to $5,000. And you can buy one time, by the way.

You can buy just one if you want to for Christmas. Wolfpack's a great Christmas present. And we send out those packages. I do not hold your funds. If you buy a Wolfpack and you've gone through DavidKnight.Gold, I send that out those packages. I do not hold your funds. If you buy a wolf pack and you've gone through David night dog gold, I send that out ASAP. I got a great crew in Branson, uh,

that, uh, is very efficient and we get those packages out. So we still have time for the holidays. You can buy them, uh, you know, individually,

you don't have to do the membership or the recurring. Uh, and if you use promo code 1776, get some free silver in there. Uh, if you upgrade to free silver, just use the promo code 1776. And we've got some holiday merch I'll be putting out. Well, I say holiday.

I've got some merch that's going to be announced during the holidays. But we've got some cool T-shirts and sweatshirts I'm putting out, hopefully in the next week or so, on the website. So I'm working on that as well. And, yeah, I wanted to to tell people too, it's been a, I know it's a kind of a slow season. If you want to work with us on IRAs or 401k rollovers, then it's a good time to do it because we're just working on Wolfpack, our direct sales. I think people are just kind of traveling and doing other things for the holidays. So if you wanted to, if you need help with paperwork or anything like that, you want to roll over and

get some of your fiat currency switched over into actual money in some of the markets, we can do that for you. Just go to DavidKnight.gold. That's great. Yeah, I've got a comment here from Spencer Long. Thank you for the tip. He says, my Alpha Wolf package is out for delivery today. Don't forget everyone to sign up for Wolf Pack. DavidKnight.gold.

Thank you, David and Tony, for everything you do. God bless. Well, thank you, Spencer. It's great to know that it's there. And as you point out, we've got Christmas coming, a great gift pack for somebody if they want to go in and do a one-time purchase at Wolfpack. And so thank you for joining us, Tony. Thank you for everything that you do. Thank you for supporting the program.

And we're going to go out with a recommendation from Yukon Cornelius here. That's right, boys and girls. There's a post-election sale on silver and gold. Trump euphoria has caused a dip in silver and gold. It's time to buy some metals with fiat dollars before they come to their sense. Go to DavidKnight.go to get in touch with the wise wolf himself Tony Arterburn he knows where to look to find silver and gold York Fiat