The David Knight Show - INTERVIEW Tony Arterburn - War & Gold, What's Next?

Episode Date: October 26, 2023

With oil, energy, and war shocks on the way, what should we expect. Audience questions about CBDC and other issuesTony Arterburn, DavidKnight.goldMoney is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

All right. Joining us now is Tony Artaban of Wise Wolf Gold. And Tony has set up a very kind of him to do this. He supports the program. He set up DavidKnight.Gold. And so if you go there, he knows that he came through this program. And he's got, again, Tony can lock in the price for things as it's happening now. And they're seeing a lot of volatility because of the wars, because of concern about what's going to happen with oil and the price of energy.

But he can lock in the price for you, and he can handle transactions, small or large. And if you want to, you can even set up something to save on a regular basis. So joining us now is Tony. Thanks for joining us, Tony. It's good to see you, David. Always great to be here. I'm back in my Branson office. I've got my David Knight mug.

Oh, that's good. What's going on? It must be pretty crazy now because we're seeing, you know, seeing some jumps. And of course, you know, when I look at this,

they were saying that back in 2020, when all the lockdown was happening and that kind of economic unrest, it wasn't uncommon to see gold jump in one direction or the other $100 a day. You haven't seen that kind of volatility yet, have you? No, but the tweets and the prognostications from the mainstream didn't age well over the last few weeks with the war between Israel and Hamas, which is really a war between Israel and Iran. And of course, gold was headed down to the low 1800s. It's back at 1979 as of this morning when I woke up. And I still think that's absolutely cheap. A lot of the so-called experts have wondered why the rising interest rates by Jerome Powell haven't pushed gold down further.

It's because gold demand is at an all-time high, and it's an all-time high mainly from central banks. But it's becoming a demanded product from the people around the world, especially in places like China. So that's why I think you're seeing the gold price continue to rise. And I mean, we don't know what's going to happen around the corner, but fear, uncertainty and doubt is the order of the day, I believe. Oh, yeah, that's always there. And when we talk about China, there's no question that they're trading their dollars for gold very rapidly.

The only question about it is, what is their motivation? Is there some kind of a geopolitical strategy to it, or is it just that because they're having problems in China? China's got a 300% debt-to-GDP ratio because they've had a centrally planned economy, and they've been misallocating resources like Biden wants to. But they have the power to be able to do that right away as Trudeau and George W. Bush have always envied China's ability to just be a dictatorship. So they've mal-invested this money. We're at about, I think, 130% above our debt ratio is 130% of our GDP, but they're 300%. And so they need to prop up their currency as well.

And so they've been trading in their dollars to try to do that, but it also may have a geopolitical move. But the key thing behind it is that they're moving to gold. That's where they're moving. Yeah, the rest of the world is moving there too. I mean, we see the loss of the purchasing power of the dollar. It's one of the reasons I think you too. I mean, we see the loss of the purchasing power of the dollar. It's one of the reasons I think you and I have spoken about this for months and months now,

wondering what Jerome Powell's doing. And you see the cascading effect by raising interest rates by the Federal Reserve. You're starting to see other central banks needing bailouts by their own governments. The Bank of England needed a bailout recently. And I just read an article up on Zero Hedge by, quote, The Raven. The world's oldest central bank, the Bank of Sweden, is needing a $7 billion bailout from Parliament, from the Swedish Parliament. I've discussed with you on the show, and somehow, I don't know how they always seem to get this in these charters that no one ever talks about, especially the origin story of the Federal Reserve. The Federal Reserve's charter, if they make money, the Federal Reserve, this privately owned central bank, if they make money off their interest rate schemes, then they get to keep it.

But if they lose money, the United States Treasury has to bail them out. And so the Federal Reserve, our Federal Reserve, is losing money right now because they've raised interest rates and their return and the bonds and all of that, the cumulative funding is at a loss. It's in the red. So this is a phenomenon going on around the world. I think you're seeing the implosion of the fiat currency central banking system, David. And again, I'm just a paratrooper who likes books and history I don't claim to be an economic expert um but the so-called smart set the Keynesians I I don't think they're going to be proven right and I think they're going to be uh weighed in the balance and found wanting

at the end of all this I think the writings on the handwriting is on the wall when it comes to gold uh getting out of the traditional system and i think people instinctually know that and especially when you start seeing the numbers the true numbers of what central banks are ordering and there's going to be a currency revaluation i mean if we're going to get down to brass tax david what's all this and we finally got a goldilocks war you know we got the new speaker of the house i was listening to your commentary this morning. It's so disappointing. It is. You get somebody who considers himself a Christian constitutional conservative, and yet they want hyper-interventionist Israeli first foreign policy. Something that I've been fighting against since I got home from Iraq and going back to my hometown church and hearing people talk about this this insane uh foreign policy of

putting israel first this christian zionism stuff and i i found it to just be an abomination it's it's so warlike so hawkish and so out of the american character i don't think george washington or thomas jefferson or or john quincy adams would be supporting these wars this is out of our out of our tradition that's right but yet it's again it's like you know somebody saying i'm a teetotaler but i have some wine every night for the antioxidants i mean it's not they're saying i'm a constitutional conservative but yes they're they're lurching us towards war so we finally found a war for the right and of course the left has ukraine so this is coming together but i think these are these two wars actually um flow together i think

they i think they touch in a way and because it has to do with iran and it has to do with iran's relationship to russia these are both uh oil-rich uh countries their their economies are built on energy whenever the price of oil goes up uh they benefit and so iran is always saber rattled you know whenever there's been sanctions or or whenever there's been a a um talk of of doing something about their nuclear program uh somehow their price of oil goes up they get the windfall there's something more to this you know the mainstream is focusing on hamas which you know the israel the Israelis and the Americans propped up until it wasn't convenient anymore. But I think Hamas really ties back to Iran. So this is a bigger picture geopolitical struggle. And at the root of it, at the heart of it, is the currency wars. I think

that's what we're seeing play out right now. And it has to do with the sanctions and it has to do with energy. Oh, I agree. Yeah. When you you look at the connection as you're right to point out between russia and iran the oil but also a defense connection iran's been sending lots of drones for russia to use and that type of thing they've been working with hezbollah and they're just you know they're this close to engaging with hezbollah and everybody there's no question about. But they've also been saying in the news that Hamas was doing their training in Iran for this attack and other things like that. So they continue to tie it back. And if you go back, you look at every single one of these wars. Netanyahu has tried to use that to push us into a war with Iran.

And so have all the U.S. warmongers have been trying to do that as well. And so Nuki Haley and Lindsey Graham and, um, John McCain and Netanyahu, all of them have been pushing for a war with Iran, uh, for, you know, uh, more than two decades. And, um, you're right to say that this is, uh, the Iran war that they're really pushing us towards. And it's really sad to see that happening. But they've kind of got a war now that, like you point out, one war for the left and one war for the right.

It's kind of like what we saw happening with Ronald Reagan and the budget deficit. You give me money for the military and I'll give you money for social programs. And we'll get this exploding deficit. But now we're going to get a war that's going to explode in our face. Well, the consequences of this, David, are high energy prices. I mean, aside from blood and treasure, and that may be the war that bankrupts and finally ends the United States empire. Yes. Has anybody just stepped back for a minute and asked the question,

has Hamas really thought this through? I mean, the handlers of Hamas and have they run the simulation? If so, then they concluded that their risk was worth it. What does that lead to? Do they think they're going to be obliterated or do they think they're going to drag the West and Israel into a cataclysm? Is that their goal? Because they're succeeding if that's the case because we are ramping up there's again no off ramps for peace so i'm a pessimist when it comes to what's going to happen with the global economy what's going to happen with uh you know with peace and and free commerce and trade and all it doesn't look good yeah these are these are perilous times times of war you know there's a meme floats around that says, go ahead, David. I was just going to say, the U.S. has repeatedly shut down any interest with Ukraine in terms of having peace talks. And, of course, they don't want peace this time. They've been pushing for this for decades, and they don't want peace in this. And when you look at what Petraeus said, and other people have said it as well, I don't like David Petraeus, but certainly he's right when he says this is going to be a mogadishu on steroids.

They've had all this time to create these tunnels. They knew exactly what the reaction was going to be, that they were going to attack Gaza, that they were going to come into Gaza. And I understand these guys are suicidal lunatics to a large degree, but they certainly, there's a method to their madness. And these tunnels are going to be just um it's going to be unlike anything they've seen in urban warfare before uh this is all the aspects we saw in vietnam how effective the tunnels were for the vietcong and how a saturating saturation bombing they couldn't

do anything about it really uh but now you add to that urban warfare and you combine those two things together uh we haven't really seen anything like that before anywhere. And it really is going to be a meat grinder, and that's going to be the magnet that pulls in the U.S. and many others in addition to what's going on with Hezbollah. So I agree. I think it's only going to escalate. And as you and I have talked about many times, you want to kick off massive inflation and economic unrest. You do it by messing with the price of energy. And that has been Biden's agenda from day one. And this is just escalating it and also taking us to war as a distraction.

Well, it solves lots of problems for them. You know, they've got their favorite. They got population controls, kind of the Malthusian trifecta, famine, pestilence and war. But you also get to stop mobility becomes uh unaffordable to move you can't put gas in the car that just keeps the economy just grinds it to a halt you know keeps it from growing uh and creates a you know again fear is a a recipe for control and that's what they're going to use and of course you know people like us they're going to use and of course you know people like

us they're going to be speaking out and being skeptical of the war uh we're going to be aiding the evildoers are you yeah yeah i mean another reason to cancel so you're with the terrorists yeah you know when when these when israel starts rolling in and bulldozing and going through and like you talk about the tunnels really i think in that in that instance what they're going to be seeing is this activation of uh sleeper cells all over the world and then governments you know like iran stepping in and uh backing uh hezbollah backing hamas you got a then you got a much much wider war and of course uh iran uh being in the sphere of influence of russia these these this goes together this ties in with what's what happened in ukraine and of course the the global reset uh the you know the reshuffling of the grand chessboard all of that and this this could be where

you know gerald cilente's right when all else fails they take you to war when you see the loss of the purchasing power of the dollar the the waning American empire, are they looking for some creative destruction? This is an open question. I was saying earlier, there's a meme that always floats around and it says, look how much Iran wants war. They put their country right next to our military bases and it has all the American military bases. And I remember seeing this as at 22, David, I was in Afghanistan. And they said, you're going to be security for for somebody high level. Go out to the tarmac and in Kandahar.

So I walked out and it was only six of us. I walked out and I'm getting on the back end of a C-130 and I turn around and I see a beret with four stars and it's Tommy Franks. And I'm standing there just, you know, just a E four specialist on the tarmac. There's nobody else around. And you can't salute him. Uh, because I mean, cause that's draw a sniper fire. You're told not to salute your officer.

So I just stand there. This is Tommy Franks. He says, well, okay, young man. He says, where are you from? I said, I'm from Texas. And he says, I am too. And he says, okay, we're going to fly around a bit. So I flew around with Tommy Franks and we went to all of these different outposts.

You know what? I started to see a common thread. They were all bordering on Iran and coming up near Iran, you know? So I started putting the puzzle together at 22 saying, I think, I think we've got interests here that are beyond Afghanistan and it was beyond Iraq as well. It's always the goal for the neocons. The, the, the crown jewel has always been Iran. Yeah, that's right.

Right. Right. It's setting up the show and setting up the show, you know, that people don't, uh, the collective memory of Americans goes back to the, the rise of the Ayatollah and the takeover of the U S embassy, but they don't understand what happened before that for 20 years, uh, that created that kind of insanity and and they don't realize just how big iran is iran is is not a tiny little country and uh so they're they're they're biting off a lot with that but that that is a big part of why we're in syria as well right i, they're, uh, how did we get into Syria? And, uh,

again, this, uh, this new speaker, uh, Mike Johnson has, uh, supported our engagement in Syria as well. So, you know, he may be a Ukraine skeptic, but he is certainly all in on everything in the Middle East. I think I was wanting to get, I think last week when we spoke and we were talking about Syria and we're talking about the CIA involvement. And before I got off air, I think last week when we spoke and we were talking about Syria and we're talking about the CIA involvement. And before I got off air, I remember a story. I talked to this very, very old, you know, insider for the oil industry. You know, what you call a wildcat or it was those guys that were just internationals go around and would drill and work for oil companies. And he had a really interesting life.

And I remember just having conversations with him years ago. And he said, well, you know what? They all have these oil pipelines in all these different areas, especially Syria. This is back in 2013. So you know what they have in common? You know who owns those pipelines? He goes, the CIA. And he knew that the CIA owns, through subsidiaries uh these oil pipelines and wells all throughout

syria because he was trying to get drilling rights through one of his companies to go in there so i i think these these things all track back to the military industrial complex and of course intelligence run through international banking what we see is surface level we're not really included in what's happening we just you know we see an attack from hamas on israel it's terrorism you're supposed to be very frightened the images are horrible and we got to go to war but you're not watching all of the peripheral all the all the bigger picture items that are happening and this is about energy this is about control so we're about to be thrust into a much wider war if we're not careful and God help us. I mean,

we have, you looked at the Congress. I mean, what was there? How many, how many votes dissented? Was there, you said 11,

there were 10 people. They're all radical Democrats who hate Israel and Thomas Massey. And then Thomas Massey. I mean, we're in real trouble that somebody can't see through this. I know. I know. It's almost unanimous. It's almost, you know, they had somebody can't see through this. I know.

I know. It's almost unanimous. It's almost unanimous. They had six people abstain. I don't know what that was about. But again, you know, really, Thomas Massey was the only one who gave his reasons, and he had good reasons for not doing it. But, yeah, it is absolutely crazy. And I remember years ago, at least five years ago, back in 2018, I think it was, um, as things were happening with Syria on a regular basis.

And I remember, uh, Gerald Santee and I were, we're talking about, uh, you mentioned the CIA owning the pipelines and it's like, look, there's this pipeline that's running. One of the reasons we're in Syria is because this pipeline that's running across there and the Russians are running their pipeline in this other area. They don't want the Russian pipeline. And that's what this war is about. Well, since then, the Russians have blown up those other pipelines, you know, the natural gas pipelines and things like that. I mean, not the Russians, but the Americans, the CIA has blown it up.

And so, you know, they've blown up those pipelines and they're there to stop the other ones from going through. That's one of the reasons why Syria and Russia were working together. So it really is about the pipelines. It really is about CIA wanting to have a monopoly on these pipelines. I think it's kind of interesting that they work so hard over this, and they have the wars over this, and they keep telling us, oh, we're going to get all of our power from windmills and solar panels for the grid. They obviously don't believe it. It's kind of like watching Obama

buy his mansions on the seashore. He doesn't believe we're going to have global warming that's going to flood those areas. And I don't think that these people believe that there's any such thing as peak oil or that we're going to be moving away from oil either. We're not. And then somebody's done the calculations somewhere

foregoing volume and and cheap energy and economic growth for the price of a barrel of crude i mean i think that they say well if we can get 200 barrel oil or higher it's actually better for us we have less exploration less overhead we make more money and of course we get to create the economic circumstances for uh universal basic income which sets the stage for cbdc i think those things these all flow together i mean the top one percent of one percent is not interested in lower prices not interested in lower taxes they're not interested in free markets i think that's pretty clear so it doesn't matter to them that there's higher prices and they're going to drive they're going to drive the american economy

into the ditch but again the last what year two years um the economy uh has been held hostage by high interest rates yeah they don't care at all about the american economy they care about the the strength of the dollar is being used as the world's reserve currency because this is a currency war beginning with currency wars started with and of course into trade wars and into actual kinetic warfare that's what we want to avoid but the reason i'm in the precious metals business and i'm so adamant about people taking a second look at the system itself you know the stock market you know there's an article up from nbc it was like three reasons to that you might want to own gold or it might outperform the the stock market you know and it's yeah it's going to outperform a lot of things the system itself is built on fake yes and it's

not built on production anymore it's not built on profit anymore so i think that the the world is about to see a massive shift in value the the transvaluation of actual real value into something else i think gold will be the winner uh there'll be things like bitcoin i mean bitcoin's uh back up to close to 35 000. there's lots of rumors of etfs and things coming down i don't know really what that's going to do, but I do think just the ability to have the outside of the fiat currency central bank system in a time of war is something people ought to take a look at. Well, you know, Jamie Dimon, the biggest bank, JP Morgan, is taking a look at what is going on. And when he talked about interest rates as well as what else is happening, he kind of downplayed. He says, well, the whole curve goes up by hundred basis points, which would be a full 1% interest

rate, he said, I would be prepared for it. He says, I don't know if it's going to happen, but I look at what we're seeing today and it's more like the 1970s. He said, we got a lot of spending and a lot of this is going to be wasted. But the other thing about the 1970s was the energy shock that went through the country for whatever reason. And so that's what he's looking at. He's looking at massive spending and whatever the Fed is going to do with this stuff.

He says massive spending, it's the energy shock. He said, I support ESG principles, but criticize the government playing whack-a-mole. He said there's no concerted strategy for what? For energy. He said you can't build pipelines to reduce coal emissions they shut that down you can't get the permits to build solar and wind and things like that so we better get our act together but of course the plan is that we own nothing we go nowhere we have no energy we have no food we have no travel we have no manufacturing i mean this is really the plan

this is really what they want to do isn't it it? Well, yes. And I found it odd. I think I brought this up about a year ago. It's like anybody else noticed that the head of the largest bank in the United States keeps saying there's going to be an economic superstorm? Yeah. Have you ever heard a banker or a bankster, have you ever heard somebody that high level not cheerlead for the economy? Something's up with Jamie Damon. Every time he does it every time he speaks that he does that yeah yes and it's over and over again i and i wonder he seems to be a lone voice

on this i don't know again i most of this is some kind of psyop you know and he might just have some sort of inside view or taking care of select clients or letting them play the market you know he uh also early on in bitcoin in 2018 i think you know he said that bitcoin was basically said something like uh buffett said that it was rat poison and then like the next day that there was a sell-off and then i think a lot of his traders bought it up yeah um so i don't really this could be an inside deal and just using his rhetoric and his position. But he's right. And there's something to this, you know, it's baked into the system that we're not supposed to go anywhere or have mobility. They're bringing about Agenda 2030.

They're bringing about Agenda 21. This is the sustainability program, United Nations, Great Reset, whatever you want to call it, New World Order. This is about consolidation. And how do you have to, you get world order this is about consolidation and how do you have to you get consolidation through creative destruction it's built back better right in order something to build be built back better it has to be destroyed first that's right this is really what this is all about um you know i pray that we're not headed towards some sort of kinetic conflict and you know lines being drawn but it certainly looks that way.

Where do you turn to economically when there's so much fear, uncertainty, and doubt, when there's warfare? Again, people turn to gold. I think that's what we're watching. I mean, the bigger story here is what's going to happen to the dollar, what's going to happen economically, the price of oil. And I think we're going to see nothing but higher prices moving forward and there's going to be again the 70s were a a testing ground a proving ground for for what happens in a fiat currency environment i mean nixon took us off the gold standard in august of 1971 a gold was 35 an ounce i know i

talk about this all the time but you know again in the end of the 1970s gold's close to35 an ounce. I know I talk about this all the time, but again, end of the 1970s, gold's close to $800 an ounce. But is that because the gold was a massive great investment? Well, somewhat. And we couldn't even legally own gold until Gerald Ford took office in 1974. So again, it was illegal to own gold. Franklin Roosevelt signed that into law in April of 1933. But gold went from $35 an ounce in 1971 to $800 an ounce at the end of the 1970s. And that's because of the loss of purchasing power of the dollar. It's inflation. And the 1970s were massive inflation.

And you had Paul Volcker, who was head of of the federal reserve rates interest rates to the teens interest rates generally are brought in and and used as a way to counter inflation but what we're seeing now and i think people ought to pay attention to david and i talk about this every week gold isn't really going anywhere when they raise rates yeah this is the first time even the mainstream starting to pick up on this why is it not moving downward and the reason it is isn't is because the world is moving on and we're starting to see the loss of the world's reserve currency status the united states and that could change there could be a reshuffling because of war but even that won't i don't i don't think prop it up indefinitely i think we're talking about very short-term boost in whatever the dollar is.

I think the smart money right now and those who are really looking at this with a skeptical eye are trying to park somewhere with whatever wealth they have into assets that can sustain this. I agree. Let me read a couple of comments uh people put here about uh about wise wolf here's a paleo armory he said i ordered a one ounce silver credit card to keep in my wallet and you can cut it with scissors yeah that's really cool i like those things where you can break the silver break that you got same type of thing with gold as well don't you yeah we those are you can get a what are are called Combi bars from us and Valcambi

makes them or Swiss. You can get them in little one gram break apart bars. So they're called Combi bars and we do that with Wolfpack. I buy them by the 100 gram sheet. So instead of the, when you join Wolfpack, instead of you paying the premium,

the too high of a premium for just one gram gold in a package, we do the heavy lifting and buy it in bulk for you. So we actually save you money by doing it that way. So you get the one gram, we repackage it for you, but you don't have to pay the premium. We'll usually save you a pretty significant amount over buying it individually. That's great. That's great.

Jason Barker. Thank you for the tip, Jason. I appreciate that. He says, I love Tony and his amazing staff. Is there anywhere to get wise wolf apparel? Yes. Yes, Jason. I'm actually, I got a meeting today on that. We're, uh, we're about to launch a new store and I've got, uh, I've got, uh, uh, a lot

of designs and I've got some help with that. So within the next, by the holidays, I promise on by the holidays, we'll have all kinds of great gear and hoodies and beanies and T-shirts and all kinds of cool stuff. And Wolfpack stuff. I'm having a new Wolfpack logo drawn up right now. Oh, that's cool. That's cool. And I've got a question for you. Well, it actually was a question sent to me, but I think I'd like to hear your answer to it as well.

This is for, this is from, for love of the road. He says, what do you, what do we do if they outlaw all forms of currency besides their precious CBDC? Is that even a possibility in your opinion? I don't know. Seems like that would be a step too far my opinion uh better take the guns before they take the cash i'm thinking but i i think that they will eventually do that they'll do i think that's the plan i mean they want to get there iteratively right do it from the inside do it with chaos and disruption you do it iteratively and so

i think that is the end goal that they want to try to get rid of everything. What's your opinion about that? I think that would be the goal on an eventual timeline. Lucky for us, a lot of the grassroots is a lot more awake to these issues than they ever have been. Local and state level, as you've talked to many people in that area, are already starting to work on state banks that control precious metals. I think it's going to be very hard for them. What makes it easier and the worry should be just how easy it is to get people pushed into war. You go and look on the threads on Twitter right now, and those people who should be on our side and awake to being skeptical of government power are cheerleading in this bloodlust for war,

that could help the Fed or the federal government continue to consolidate power. So centralization is really the enemy here. If they can continue to consolidate power and override the states and bring in CBDC, then we're in real trouble. Although I would say Franklin Roosevelt signed that Anti-Gold Hoarding act, whatever that meant, to turn in your gold coins. And if you know anything about the history of the United States and the gold coins, that gold went to Basel, Switzerland, to the Bank of International Settlements, if you didn't know. That was always the bankster plan, was to get the gold out of the hands of the American people. And of course, they raised the price of gold after that.

But it's kind of interesting, David. I buy those coins all the time they didn't go all go to basel switzerland i have tons here um you could buy them you can buy them by the bag full so people didn't turn them in i mean some did um but not everybody and i would say you know they still left it um for dentists and jewelers and all gold was still around even in communist countries i mean the the commies would you know say they hated gold like especially in mao's china but they would go out and try to find it so even the communists know they have to use gold eventually uh for some kind of wealth or to pull off an operation so it's never going to be completely out of civilization.

They can't totally outlaw it. I mean, they've done a great job with fentanyl and cocaine and heroin, right? They're never going to be able to keep everything out of the marketplace and with people. It may not be legal, but you'll have people trading in it, in my opinion. And, of course, here in our country, as you point out, out the war on drugs for 50 years they haven't been able to stamp out anything and um uh that's the only experience we've had really in a black market uh but in other countries it's very common for there to be black markets and money and all the rest of this stuff. I was talking to the economist from Chile

who's friends with Javier Malai in Argentina, and he wrote the book, I think, 15 Lessons in Street Economics or something like that. But anyway, Axel was talking about how they use cash there when they've got rampant inflation. They've got 138% inflation is the official number, and the bank has raised interest rates to 133%. I mean, still, they're not raising the interest rates above the inflation rate,

but it's crazy, and people have already gone to the American dollar as cash, and they call people up, and they have them show up, you know, special couriers who will show up to get you to check into a nice hotel and he shows up with this metal box, you know, and they have a guards around them to carry the stuff there's that's a more formalized thing, but in most third world countries, there's a big black market that's there. They call it a blue market in Argentina, but there's a big black market always has been for a lot of different things.

And it can be for there for money. I know during the Depression, you still had a lot of local communities created their own currency. And they would stamp some local currency. Some of them did it with wood. And people were using that as a means of exchange and barter and that type of deal. And so there's going to be solutions like that. They're not going to be able to completely handcuff us with all of this stuff unless they can round us up at the point of a bayonet and put us into a 15-minute city. And that's when things get really bad when they do that. But I think they're going to try to do things.

They're going to gradually narrow this. We see that already with crypto, they got to get crypto out as well. It's not just gold. And they're really more focused on crypto right now in terms of coming after it. And so the way that's looking is you've got the IRS has got 300 pages of regulations about how they want everybody to do this, know your customer stuff and dox us to the government if we get involved in cryptocurrency a million different ways and so the question is um is that going to go through what was passed by congress and and the irs is putting in the devilish details on this but that's the the question you know what are they going to do they're preparing that they're doing it step by step

they want to shut down crypto and they'll eventually try to shut down gold but they won't be able to do as you pointed out. I don't think. Well, you know, in this regulation, you were talking to Eric Peters yesterday about the auto industry. You can't really start a car company, not really, because of the massive regulation. Where did that regulation come from? It came from car companies. They want to keep anybody from competing with them. And that's, I mean, I don't know my history like Eric does, but i'm pretty sure that's where it would come from the same thing with with crypto i got into it i was we're part

of the some of the first bitcoin atms i don't own them anymore the reason i don't own them anymore is because the regulation got so steep and you had to pay for so much just even just to even bank yeah it was a fortune and so you can't do That's, this is coming from the bigger banks who want to control the crypto space. Uh, and so, yeah, the crypto will get more and more consolidated into the hands of at least being able to buy it will be in consolidate in the hands of the big banks. But I don't think they can totally control that either. David. I've got a comment here from, uh, Dukekem says tony's stocking up on wolfpack for a year has been my best financial move since amc mooned because maybe he bought amc stock and

shorted them or something but um or shorted or something like that uh great to hear that that's good yeah uh alan vj says i got the wise wolf mini flashlight so yeah yeah i got some really cool keychains um they have a little magnifying glass and they have a little led light and you can also check i don't know if you guys know this you can look at it you can check the the validity of diamonds that way with a little led the way it refracts back and check it out online but i got those little keychains for everybody and we're just we're adding little things like that it's just a kind of a personalized touch for the experience of wolfpack but yeah if you haven't joined wolfpack go to david knight dot gold click the tab it says uh join wolfpack

and check it out we've got anybody that upgrades or joins free constitutional silver i've got a list in here that uh my staff's keeping of anybody in the last month and i'm about to to repackage and resend out a lot of constitutional silver that's your your dollars uh half dollars uh quarters and dimes anything before 1965 so let's go check out wolfpack we need we need more members the more people to join the better prices i can get that's right that's right yeah strength in numbers and that's uh the way this with liberty and many other things um well thank you so much for joining us uh tony i know you got to get going and and we've enjoyed talking to you a little bit longer today than we usually do, but that's great. And it is a very difficult time that we're looking at right now, no doubt about it.

And so you need to be making moves on your own to defensive moves. And I think one of the best things you can do is gold and silver. And the best guy to do that with is tony arteman at wise wolf gold and thank you so much for setting up david knight dot gold thank you tony appreciate it thank you appreciate you unlike most revolutions where the people rise against a real economic oppression in our case here in boston we are fighting for purely an abstract principle it is however not nearly so abstract as the young gentleman supposes. The issue involved here is one of monopoly.

Today, the British government will monopolize the sale of tea in our country. Tomorrow, it will be something else. © BF-WATCH TV 2021 Liberty. It's your move. You're listening to The David Knight Show.