The David Knight Show - INTERVIEW Tony Arterburn: Why is "Free Trade" Globalist Biden Pushing Tariffs?

Episode Date: May 23, 2024

Trump is pushing MUCH higher tariffs in the name of nationalism/populism which will dramatically raise prices, but why would Biden also be raising tariffs now and proposing more in the future as well?...  What does it signify? Also LIVE questions from listeners for Tony aboutGold storage options against confiscationIRAsJewelry as an investmentAnd moreMoney 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: @DavidKnightShow@protonmail.comCash 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.

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Starting point is 00:01:01 It's always great talking to Tony. He has Wise, Wolf, Gold, and Silver. and he has also set up DavidKnight.Gold. That will take you to his website, and he sells gold and silver, small or large quantities. Also, you can sign up for Wolf Pack, and you can get a large or small quantity on a monthly basis and get the advantages of a group buying discount. So all that stuff is there at a wise wolf. You can find it again with David Knight dot gold. Let him know that you came to us.
Starting point is 00:01:29 Good to have you on Tony. Thanks for joining. Thanks for having me back, David. Always good to see you. Uh, we were talking off air and, uh,
Starting point is 00:01:36 he said, we can start by picking up where I was just talking about tariffs. Uh, what's your take on the tariff stuff here? Should we just add 10 or 60 as that reason magazine said you know people can see the price of stuff going up does it really make any difference to them whether it's inflation or whether it's extra taxes i mean the bottom line is everything is more expensive right right and and i was listening to the show great show by the
Starting point is 00:02:00 way it thank you this subject matter and nobody's talking about it seems it's just appeared out of nowhere which is the most bizarre thing and the the tariffs are like a fun house mirror version of what they actually were intended to be if you know anything about the history united states i mean the second act out of congress was the tariff act you know all four presidents on mount rushmore all the figures on our paper currency all supported tariffs there's no free traders in there this is a 20th century concoction you know especially post world war ii to open up our markets after we destroyed japan and europe was in ruins and we opened up our markets so there's always been an argument against protectionism protectionism was isolationism and isolationism was well it was racist and it's all these horrible things. You can't be an economic nationalist.
Starting point is 00:02:45 And it's something that Pat Buchanan talked about running for president in the 1990s. I started picking up as a teenager. I started looking into economic nationalism. I was fascinated by this. I'm like, is it really? Is so much of the majority, they abandoning what worked? And over time, I came to the conclusion that they had. They abandoned what had built the country what's so bizarre david i know a lot about this because when i ran for
Starting point is 00:03:10 office i did look i was a pariah to the establishment and i'd go on talk radio even like the conservatives who i was on talk the crop of conservatives i was with on talk radio they've all gone on to syndication but when i would talk about you know uh economic nationalism tariffs they said that's lib stuff you're doing lib stuff like that's what that's what liberals do i'm like no that's that's part of our history but i think the most fascinating part about it now is that you've got joe biden who is an absolute free trader nafta guy was forgot uh you know the general agreement on trade and tariffs uh a caFTA, the Central American Free Trade Agreement, TPP. This was Barack Obama's deal.
Starting point is 00:03:49 Remember the Trans-Pacific Partnership was so good, you couldn't even read the bill. Paul Ryan wouldn't let you. You had to go into a secure basement at the Capitol, and you couldn't take pictures of it or leave with any paperwork if you were a member of Congress, but you were supposed to pass it because free trade works. So my big question now is Joe Biden is talking about these tariffs. I mean, Trump put on some tariffs when he was president. And I think, I thought that was kind of a natural extension of where the country was going, but now I'm just totally uncertain because it seems it it's targeted it has nothing to do with like it you know i think one of the the main things about free trade is is that if if you can't make it here then it should be free if it can't be made here then there should be no import
Starting point is 00:04:37 uh taxes at all so but if it can be made here then it needs to be strategic but what are these people doing because these the the the establishment has always uh reflexively shot down any sort of argument for tariffs this has been this has always been the establishment's goal is to make sure that that isolationism and protectionism is dead but now they're saying it's good so i think this is where this is the the signpost, the red flags that I look for in the headlines that are, to me, signaling that there's much more to this story. Obviously, I mean, I go back to just 10 years ago, my friend Congressman Ralph Hall, who I worked for, I ran against him and I worked for him for a little while. He was the lone voice in Congress that was standing up for American steel workers. He was one of the only members of Congress while at the same time the South Koreans were dumping in these giant swaths of steel into our market and aluminum.
Starting point is 00:05:37 And I remember him being, there was nobody talking about putting tariffs on anywhere. There was, again, it was supposed to be a throwback now i think the red flag david and i'd love to get your take on this what is happening you have you know i saw biden giving this press conference today talking about tariffs i know there's a trade war it starts with a currency war you know again we're we're in a fourth turning as you talk about there's massive shifts geopolitically going on, and the headlines don't necessarily mean what the mainstream media thinks they mean. So I'm looking at this totally differently. When you've got an establishment that has abandoned their own playbook in its silence, it's like you say, the Sherlock Holmes, the dog that didn't bark.
Starting point is 00:06:22 No, I have not seen one talking head come out and condemn biden for tariffs i've not seen one there might be i but i have not seen one headline one pushback from all of the voices that when you know if you 10 years ago 15 years you talk about this and you were oh that's just uh that's just a bygone era you know we live in a modern global economy now you would get that you don't know what you're talking about that would but now they're just throwing tariffs out there so again i'm for tariffs well i think that there's a i agree and you know i as we've talked about this in the past you know jefferson in his second inaugural address said um by eliminating useless offices uh and shrinking sides of the government i'm paraphrasing it here we have Congressional Congressional Congressional Congressional Congressional Congressional right that allowed him to cut the taxes but then the taxes were at the border and america was a
Starting point is 00:07:26 free free of taxes except for what would happen at the state and local level and then everything changed in 1913 when you had um the uh the federal reserve and the income tax and then they started making this stuff a free trade and and all that that. And that was a big change right there. And I think we're in for another change. I think the common thing that I see is that both Trump and Biden are using these tariffs as an attack. This is not an economic argument about what would be best for the economy. They don't care what is best for the economy. They're using it to attack China, right? Trump says 10% across the board because, hey, we're
Starting point is 00:08:10 Americans. I'm going to show you that I'm going to put America first. And then 60% for China, these goods. And Biden is using the tariffs and he's using sanctions and things like that as a prelude to war. And I think that's what that's really about. And, you know, so to me, I look at it, you're talking about steel. We can't have steel if you're going to shut down energy, right? And that's what happened. They just had the last steel plant in the UK shut down. Why? Because they can't compete with anything in China.
Starting point is 00:08:42 China's got cheap energy because they can build as many and as dirty coal-powered plants as they want. But they're shutting all that down in Europe and the United States. So we can't compete with the Chinese because that's one of the biggest cost factors going into the making of steel. So steel is going to shut down whether or not you put any tariffs at the border. You put tariffs at the border, you're still going to have no steel if you've got all kinds of restrictions on energy production. You're still not going to be able to make steel effectively. And if you do, it's going to be incredibly expensive.
Starting point is 00:09:16 But then they'll put taxes on any steel that's coming across the border as well. It's just a way of strangling us, I think. I think both of these presidents, their policies are not about putting American interests and saving the American economy. I think it's about war. I think it's about pushing war. I think it's about going to war with other countries. I think it's about going to war with the American people as well. I agree with you 1000%. These tariffs are acts of war. They have nothing to do with strengthening the economy. That's right.
Starting point is 00:09:45 I remember when Trump was running for president the first time and he said, I'm going to build the wall and Mexico is going to pay for it. And I said, he can absolutely do that. He just has to put you put a five percent tariff on non-agricultural goods coming across the border. You pay for the wall over a five year period or something. He never made that argument. I kept wondering why his team didn't just tell him to say that because the media would say, you can't do that. Mexico is not going to pay for it. They never made that argument. I kept wondering why his team didn't just tell him to say that. Because the media would say, you can't do that. Mexico is not going to pay for it. They never made the argument.
Starting point is 00:10:09 It was bizarre. And now you've got these, you're talking about 60% some odd tariffs. I will say China already has. They used our old playbook, kind of like the Smoot-Hawley tariffs in the 1930s. They have 50% tariffs on a lot of stuff, like incoming goods. You can't hardly get things into china they they propose free trade um but they don't practice it necessarily but these this is you're exactly we didn't set the conditions either or to give incentives to these companies to
Starting point is 00:10:38 build things here to make things that we don't we don't have these tax-free zones so we're not creating so it's really it's just an act of war. Exactly. It's an exercise. They're not doing anything to help our economy or to help our manufacturing whatsoever. If they want to do that, they would start reducing imposed costs and imposed regulations,
Starting point is 00:10:56 prohibitions and bans and all the rest of the stuff. But no, they keep layering those on. So it's like, okay, what's the real agenda here? Real agenda is to make us poor is to go to war with us and to go to war with other countries via these economic measures because that's the way the wars always start.
Starting point is 00:11:09 I got some questions for you. A lot of people put some questions on here for you, Tony. On Rockfan, a Syrian girl says, please ask Tony where he suggests people keep their metals. Seems like after CBDC hits, the government will raid the big custodial houses. Huge hit there. And certainly all safety deposit boxes. What do you think? When you're not weighed down by high interest rates, life lightens up.
Starting point is 00:11:33 MBNA TrueLine MasterCards have low interest rates on balance transfers and purchases to give your finances a lift. Find the credit card that's right for you. Visit mbna.ca slash TrueLineCards. Give your finances a lift. Find the credit card that's right for you. Visit mbna.ca slash truelinecards. Give your finances a lift. Well, first of all, safety deposit box is a bad idea. Just a bad idea across the board. You got your name or your company's name on a safety deposit box in the bank. You might have a great relationship with your bank, but those are all on the record. And you just don't want to do that. I think there's some good storage houses, but you're right. I mean, um, I use the storage house IDS and other places, Dylan Gage in Dallas and, and, um, their networks. I use them for,
Starting point is 00:12:16 and that's where the rich, you know, they don't keep their metals at home. Uh, they're very wealthy. They, they have a offsite storage. Um, you know you know but again unless you hold it in your hand and you've secured it that's about the the only true way to know I've got this gold or silver so I mean nothing I would never say that's a 100 safe over here I mean you've got degrees of safety and I think that if it's a custodial storage facility that's outside of the banking system which if you store your metals with me like with the gold and silver IRAs it's outside of the banking system, which if you store your metals with me, like with the gold and silver IRAs, it's outside of the banking system. It's not linked to a bank. That's a good place to start. If you can secure them at home with a fireproof safe and you feel pretty good about having somebody watch it if you leave or anything like that that that's a good way to to store it as well that's a great
Starting point is 00:13:05 question i think the degrees of safety you know as you as you depart away from you holding it in your hand securely um those are going to change and then i think you have to do your own research and whichever you're comfortable with and especially how much you have yeah yeah buried in the yard that's that's not there's way but you can look that up. There's ways to do that. Make sure, make sure that you know where it is. There's a lot of safes that are out there like that. I had some friends who did that back in North Carolina. So, uh, and, uh, you know, that's the first time I saw that on rock fan, Jason Barker.
Starting point is 00:13:38 Good to see you, Jason. Ask Tony if a precious metal IRA will be taxed when it is drawn out. Many States have done away with taxing metals. Well, I think that's two different things, right? You got sales tax, which a lot of them are getting rid of. But then, of course, the IRA, depending on what kind of IRA you got, you know, if you've deferred the taxes on it, yes, whenever you take money out in any form, they're going to tax it, right? Right. Well, that's per the regulations of the ira themselves and it wouldn't
Starting point is 00:14:05 matter if it's precious metals or you got it tied to mutual funds or just paper or what or just in a savings account it's all tied to the same taxing system and it's whether or not it's matured and of course the state you're living in that's a good question like i think what he's referring to is the income tax of those states um that would be that would pertain to the same thing again with this with the paper ira just regular i that would be the same system of taxation so you'd ask your cpa on that but i'm not 100 sure on the states that actually tax income on precious metals yeah there's like a roth ira where you can pay the taxes in the year that you make the money and then you can uh you can put it in this ira and then you don't have to pay on the compounded
Starting point is 00:14:49 gain. I think, I don't know. I'm not an accountant, but you know, standard one, you deduct whatever you put into the IRA that year against your income taxes. So then you have to pay,
Starting point is 00:14:58 uh, when you take it out. Uh, and as you said, that is, uh, there, regardless of,
Starting point is 00:15:04 um, you know, whether you've got stocks or bonds or metals or, you metals or cash or whatever you've got in your IRA. That's a function of the IRA. On Rumble, AP Rumble Seat says, can you ask Tony if he thinks they'll attempt taking the system down this year for digital currency? Taking the entire financial system down to us year in cbdc yeah this year this year uh i hope not i think it's always a possibility i think the further we uh the closer we get uh to any sort of kinetic war with an outside entity and i'm praying that we don't
Starting point is 00:15:40 do that like if if you see all that that's why i was talking at the beginning of our interview here about how strange it is on these tariffs i mean if you if you don't know that. Like if, if you see all that, that's why I was talking at the beginning of our interview here about how strange it is on these tariffs. I mean, if you, if you don't know history, if you haven't paid close attention to the financial history of the last couple of hundred years, then it doesn't seem all that out of sorts, but it is out of sorts. It's very strange. So these are kind of the signposts and things that are alarming me. So if we stay out of the box of having any sort of kinetic conflict that's major i think we can continue a a while i think they'd like to i think they'd like to have a smoother transition into cbdc i think it'd be like oh and then it will be precipitated by i believe a banking
Starting point is 00:16:19 crisis and it'll be a way for you to for for your safety, for you to opt into it. That's right. Uh, I don't know. Stimulus check, some kind of stimulus money. That's going to be tied to you accepting it because that's the plan that they use. The gates push that in India with their odd horse system. Uh, they got all the poor people sign on it because, you know, Hey, you want to get your, you want to get welfare, you want to get, um, you know, uh, medical care. Uh, you got to take a number and wait you know
Starting point is 00:16:46 but you take the mark of the beast and wait that type of thing so it'll be they'll bust stuff and then oh but we're here to help you but you're gonna have to get the id that's the only way you can process this right yeah i agree i agree with that totally it'll be more of a soft thing than a than a you know a complete demolition of the grid itself and then ordering you to you have to accept it i think it's part of part of this is a on a spiritual level like you were talking earlier about uh the spiritual entities really that that guide the conspiracy it's not like one family or two families i mean i think there are some uh linkages and bloodlines and things like that but i i think it's i think this is all spiritual yeah yeah and of course you know people do pass their spirituality
Starting point is 00:17:29 along good or bad to their kids in many ways uh and you know we're talking about the grid down scenario right one of the things we looked at this and we say well you know um they're not gonna take the grid down because they really need to have that grid for their own purposes and everything but now we start to see that with artificial intelligence and with these other things as they're destroying our grid uh you got sam altman you got um bezos all these uh uh you know these uh artelike uh villains they're setting up their own personal power stuff you know they're gonna have their own nuclear reactors and things like that so they're setting up a parallel grid and of course the government's got its own as well so they could very easily come in and say,
Starting point is 00:18:06 you know, I'm really sorry, but you know, we've just been hacked by the Russians and they've completely destroyed the grid that y'all use. It's a good thing that we thought about having our own separate grid out here and we're just fine. Thank you. And they'll keep their internet and they'll keep their surveillance stuff and they'll keep all the things that they're doing, but they'll shut down the power to us. That's why that's one of the things that people need to think about in terms of preparing, you know, what are you going to do?
Starting point is 00:18:29 How are you going to live without it? Can you come up with some kind of yourself power generation? Because they're setting up their own power generation that is off of the grid as well. So useless eaters of the world unite. That's right. That's where we are. We should set up a club, the useless eaters of the world unite that's right we should set up a club the useless eaters club
Starting point is 00:18:48 parallel economies, parallel systems we set up our own we set up our own, they want their own thing all these bond villains globalists, satanists they set up their own, fine but they still have to have people to run them you know, the world economic economic forum klaus schwabian live in your pod you'll own nothing and be happy
Starting point is 00:19:10 here's some bugs from greta i i that future that they're proposing nobody wants it yeah what do you want it's it's it's dead on arrival nobody wants it and i you know i love that the you know he's uh he's finally stepped down and of course the world economic forum is just the same age as is our fiat currency dollar you know they kind of go together 1971 is this they're on the same path you know and it's fiat is fake and and again that's what what they've proposed nobody wants it's the the the world that they've created is a hell hole. It's unstable. It's schizophrenic. It is it's dirty, right? We don't, we don't have the Jetsons future that we were promised.
Starting point is 00:19:50 There's no flying cars. There's, you know, um, and it doesn't look good. They they've done their best to suppress, uh, the imagination and ingenuity and spirit of people in the United States, especially to make sure that we're just kind of like, uh, we got this one one one class of people that's our two classes of people at the super elite and then us the rest of us and there's almost no middle class they've done a pretty good job at that although make sure they've got their flying cars they just to make sure we don't have any access to them and i'm not necessarily certain that i would want to be on one of their
Starting point is 00:20:22 flying cars either uh if we take a look at the cyber truck, for example, but, uh, another quick, another couple of questions here on a rock fan, Michelle Obama. And thank you for the tip says I might be five kinds of wolf in six months, depending on how much extra cash I'm working with. I change it all the time. Once you sent me a little gold coin, I carry it sometimes and show people. Occasionally people inspect, hold it as if it's a medieval sailing navigation apparatus. all the time once you sent me a little gold coin i carry it sometimes and show people occasionally people inspect hold it as if it's a medieval sailing navigation apparatus they have no idea
Starting point is 00:20:51 what is going on or if it's real so much fun if not for uh wwg wise wolf gold i would not be holding uh and he says uh airborne and then he also i guess he was in airborne as well as you were in that right uh tony absolutely yeah so i guess both of you were airborne um on rock fan michelle obama also writes he says tony regarding the color uh wise wolf gold flash sales how does that work why isn't there ever any of those crazy cool space looking chinese coins from wolf classes flash uh what is that salad okay so i don't know why do you understand i'm not sure i understand the question i think i well first of all thank you and i'm so i'm proud when i hear you know that that really uh that gives me fuel to continue what i'm doing and try to find great products for people when you say well i really love what you sent us because we again i i search weekly you know everywhere and all the nooks and
Starting point is 00:21:51 crannies to get the best deals so i can put those in wolf pack and give them the variety i'm very cognizant of every single item that goes in every invoice so thank you for appreciating that um it's been interesting the last 10 days, silver has gone up the highest it's been in the last 11 years. And it's broke $32 an ounce. We had a large silver buy the other day. And as I was building the lone wolf packages,
Starting point is 00:22:21 I realized that I couldn't, with shipping and everything else, I couldn't give them just a regular silver round. I had to make something different. So what I did was I had bought giant thing of, uh, it was one of the largest things I've, I've ever bought of silver dollars pre 1900 Morgan silver dollars. So if you're a lone wolf, you gotta, you gotta real Morgan. I was able to buy them for a good amount uh where i saved enough i could pass it on to the customer and we looked them up some of them are going to be worth more than even i
Starting point is 00:22:49 thought they were going to be worse so you're going to get a collectible if you're a lone wolf member so uh and that's going to last until i run out of these silver dollars so everything is is is very uh thought out when it comes to wolfpack and um the reason there's no the flash sales and the website um you're echoing my frustration if i just had if i just had another me now i'm not proposing cloning or anything i don't want to get i don't want to get on a uval harari world economic forum thing about that i'm hackable um but i wish i had more more of you know, my style of thinking and I could duplicate that, but I'm just running into the wall every week. I mean, I'm just like every day is kind of bleeding into the next now.
Starting point is 00:23:32 Can it only get so far ahead, but we are going to do, um, more flash sales and, and, uh, you know, there's going to be, there's going to be more updates to the website. So stand by on that. It's not going to be stagnant. I won't leave it there. Okay, great. Yeah. I remember the movie multiplicity with michael keaton he kept making copies of himself and it would just get one aspect of his personality or if they did a copy of a copy it got kind of uh blurry you know not too not too bright kind of i don't think the world needs any more of me either it was a funny movie i don't know about the science involved in it but uh it was it was a lot of fun um and uh let's see another
Starting point is 00:24:12 question here um uh and uh it's uh n-a-y-t would that be uh night let's just say well i'm sorry if i mispronounce it anyway hey tony is that why is to invest in silver and gold jewelry if you can if you understand the purity of the jewelry you're looking at and one of the things i would recommend is you understand like 10 carat gold is 39 14 carat gold is 59 and so on and so forth. Look at 18 karat. It's 72%. Know the purity of the item that you're buying, how much it weighs in grams and do the math. You know, there's 31.1 grams. I know I'm giving you a lot of math here, which is, this is great to get all these questions, David.
Starting point is 00:24:56 If I, if I will add on Saturday at 3 PM, I, I have to record a show that's a, or a firm that I'm going to, I'm going to be doing podcasts with. They wanted me to do like an infomercial type show, not necessarily for my company, but to answer questions. So 3 p.m. on Saturday on all my channels, pretty much you can come find me, whether it's on Rockfin or even on YouTube. I have a Wise Wolf YouTube for now. And we're going to do questions from the audience and questions that are already submitted so 3 p.m central time if you want to join us for that um great definitely do that that's on saturday and of course you said you're on youtube for now i guess when they push
Starting point is 00:25:37 cbdc through it'll be illegal to talk about gold it'll be the it'll be the financial equivalent of ivermectin i guess i don't put any i just always assume when I'm going to log in that it's gone because it happened to two of my other channels. I just assume. I'm like, oh, wow, it's still streaming. But to answer the question on gold and silver jewelry, just know how much weight you're looking at and know about the purity. Sterling silver is 92.5%. So just go by that. Just don't overpay too much there's some beautiful jewelry out there that you can get some jewelry value for but the more that
Starting point is 00:26:10 you do that it's kind of like watches yeah watches are great rolex watches are great but you have to know exactly what you're doing you have to you have to know what the re what's the store of value in that item and uh like a there's a lot of people that do 24 carat gold jewelry. You can get that from me. Actually, if you, you could get bracelets and necklaces and they're not, they're not stylish per se, but you can get them from me. And that's the stuff that you could wear out of the country or wear somewhere. And that's just housing your wealth. Another thing you can do, the ladies do, you could put them, you know, you could get a $20 gold piece, put it in a bezel. You don't want a 14 carat gold chain, you know, that's $3,000 right there or more, you know,
Starting point is 00:26:49 of, of just meltable value. So the jewelry can be a good investment, but you have to know what you're doing when, as far as how much it weighs versus the price of the metal. Yeah. That'd be one way to travel with it. And of course, uh, you know, as you point out, you know, just, just ordinary, um, uh, necklace or something like that. Some people will pay extra because the aesthetics of it, and then you get into a more of an issue is somebody else going to be willing to pay for the aesthetics like you paid for it. Uh, just keeping it there on the weight amount and the purity amount. That's a, that's a smart way to do that. You know, I was looking at this and of course we've had the, um, interest's a smart way to do that. You know, I was looking at this, and of course, we've had the interest rates. The Fed came out, and they got hawkish.
Starting point is 00:27:29 And so that drove down stocks, bonds, gold, and oil. And I thought, well, that's kind of interesting. And I looked at gold versus oil. And look at this chart, folks. The orange one there, I know you can't see this, Tony, but the orange is gold and you can see that and the blue one is oil. And so you can see that occasionally there's been some spikes up or down with either gold or with oil, but they've pretty much tracked each other. And they're being priced and that's their price in the dollar. And so they pretty much go along.
Starting point is 00:28:03 So what we're talking about is really whether or not the Fed's going to try to boost the dollar. And so they pretty much go along. So what we're talking about is really whether or not the Fed's going to try to boost the dollar. That's what I find interesting about all this. But when we look at it, what made me look at this, Tony, was somebody said, get ready for $100 oil, $100 a gallon oil at the pump someday, and maybe maybe 130 if you want premium. And I thought, yeah, let me look and see how oil and gold have tracked. And they track each other pretty closely because they're real versus the dollar, which is a fiat, and it's not real. And so what is happening with the hawkish Fed and how they're manipulating these other
Starting point is 00:28:43 financial instruments is simply about them boosting the dollar. Because as you were talking about, the Chinese have been moving their stuff out of the dollar significantly. They said in April, the Chinese boosted their gold holdings. They bought enough gold that is roughly equivalent to 5% of what they publicly said they had. So that's pretty significant. And they're dumping American financial instruments coming out of the Federal Reserve.
Starting point is 00:29:10 So the question is this. What do you think, Tony? We've always suggested and thought that they would be lowering interest rates, sacrificing having inflation in order to support Biden. And of course, Biden has just completely emptied out one aspect of the strategic petroleum reserve to try to give an artificial high to the economy. But is the Fed going to support that? Or is the Fed's primary mission, you think, supporting this dollar,
Starting point is 00:29:40 which is really under attack by China now moving away from this china and russia because it's weaponized by biden or you know they're going to do whatever they need to do to support that regardless of what happens to biden and politics what do you think well that is the question that you go back to interviews that we've had over the last couple of years and as they've been raising interest rates faster than any time in history i've often said i think the economy is secondary to them always i don't think you think the central banksters care uh that deeply about the economy no they care about the supremacy of the currency they traffic in and the way that they you keep that supreme is you keep value in it the way you keep value is you
Starting point is 00:30:21 keep interest rates how you keep what what they would refer to as a strong dollar. And these moves that are being made by the Biden administration, these tariffs, which I think are just crazy, if you know anything. Again, I find it just so hard to believe. These are dyed-in-the-wool free traders just throwing out that we're going to do tariffs. So something is afoot. Something is not right. And I would say that at the end of the day, they would sacrifice. Because you and I both know whoever wins in November, we lose. That's right. It doesn't really matter.
Starting point is 00:30:53 That's right. The establishment goes on. You're going to get a warp speed. You're going to get a foreign war. You're going to have open borders. You might get some interesting tweets. If Orange Man wins, you might get something like that. But you're not going to get policy that's going to help the country.
Starting point is 00:31:08 You're just not because we've already done this before, which is even the weirder part because we have to do it again. And people, the same people that live through day, if it comes down to it, if they know that if they lower rates, that it'll goose the economy and give them a sugar high, but that will hurt their standing as the world's reserve currency and their ability to project power will wane. I think they'll choose high interest rates. I think they'll choose raising rates. I think they'll step away from quantitative easing. Again, because I think no matter what happens in November, they need to continue. rates i think they'll step away from quantitative easing and it's like i it's because i again because i think no matter what happens in november they will they need to continue uh that's how that's how they reign supreme uh the pentagon you know i said this many times the pentagon was what three
Starting point is 00:31:56 years ago ran a gen z bitcoin revolt scenario on how to combat uh the younger generation moving away from the dollars. So they know where their lifeblood comes from. The lifeblood of the military industrial complex is the United States dollar. I agree. Yeah. And I think, I think Biden is, is expendable, non-essential in that regard. Now his job has been declared non-essential and Trump as well, you know, because they,
Starting point is 00:32:22 like you said, they don't care about the economy. They care about their dollar, which is their superpower. And I don't think that they care about Biden. Typically, they would do things to make him look good. But I don't think they care about that either. So I'm not quite so sure they're going to be doing any interest rate cuts before. But the bottom line is you get into gold because uh it's insurance against what they're going to do it's insurance against their economic policies which and the chaos that they want to
Starting point is 00:32:50 create and it's insurance against their cbdc trap and and so for all those reasons you get out of their system have some things out of their system just like we're talking about how they're creating their own uh power grid and all the rest of the, which they're not going to share with us. I'm sorry. There's not enough power. We've got to run the artificial intelligence and the surveillance stuff. So we don't have any left for you. So make sure you got your stuff on your own, your food production,
Starting point is 00:33:16 all the rest of this stuff. We're going to have to do as much as we can to get as far away from their locked in system as we can. I think that's true of the money as well. I think so. Gold and silver are money. Honestly, I'm not in the investment game, but I do trade fake Luciferian Bankster notes and turn those and transmute those into real money,
Starting point is 00:33:36 and that's gold and silver. Always a good idea to have physical. That's part of, I think, what's happening, the revolution in currency that we're seeing, this big shift that's going. Even Steve Forbes put out an article about how the world's reserve currency is going to be gold again. It's just going to shift away from the dollar. It's not going to be like the bricks. It's not going to be the Chinese yuan.
Starting point is 00:33:57 It's not going to be any of that. It'll be gold again. That'll be the world's reserve currency. I agree, yeah. And troubled in certain crisis times. That's what's going to happen. Mm-hmm. That'll be the world's reserve currency. I agree. Yeah. And troubled uncertain crisis times. That's what's going to happen. He understands it. And I think some people are starting to get it outside of the levers of power in the central banks.
Starting point is 00:34:15 Thank you so much for coming on, Tony. Thank you for what you do to support the show. And folks, again, you can get to Tony's Wise Wolf through davidknight.gold. Wait a minute. There's a couple more questions. Have you got a moment? Wise Wolf through DavidKnight.Gold. Wait a minute. There's a couple more questions. Have you got a moment? You got it. Go ahead.
Starting point is 00:34:29 Okay. On Rumbled, Texas JFK Mindset. Can you guys talk about the real estate investment predictions, both residential and commercial? Well, I think you can see where inflation is. It's in the home prices. I was in real estate for many years. I had a real estate brokerage when I got out of the military. It was one of the first things I got interested in.
Starting point is 00:34:50 I love real estate, but I think that we're in a – it's so fake, it's hard to see where the value is, what's up or down, what's the true value of any of these things, especially the housing market. And I think Gerald Cilente is right. I mean, you start looking at the vacancy rates of these major cities with these office buildings yeah you want to see like a bomb that's about to go off that's going to be so i don't i think that we're going to see lower prices like if if you can hold for a while like if you're going to go pick up some there's going to be a in my opinion there'll be a housing crisis of some kind with with with uh not only you know availability uh but the ability to to obtain the homes um and that's just it's going to be it's going to be bad for for values i agree when you look at it we're really entering
Starting point is 00:35:38 another one of these financializations of the residential marketplace again like we did before but in a different way. You know, it's not exactly repeating, but it does rhyme with it because what are we seeing now? We're seeing that only these Wall Street and hedge fund people have the liquidity to buy houses at this price. They don't have to worry so much about the interest rates because they're paying cash for it.
Starting point is 00:36:01 So they've got the money to buy this stuff. But then, you know, what do we do with that? So that's the real big issue. because they're paying cash for it. So they've got the money to buy this stuff, but then what do we do with that? So that's the real big issue, and then there's the generational issues with it. After Tony goes, I've got something to say about the financialization of farmlands as part of the war on food and on farming, because now the big real estate people are getting in,
Starting point is 00:36:20 it's not just commercial real estate, which is going belly up and a threat to the banking industry, as Gerald says, because of the lockdowns and things like that. And it's not just because of the inflation and housing and the high interest rates that's causing financialization of homes where they want to make sure that all of us are renters, but it's also the financialization of farmland. So we'll talk about that when we come back as well. Let's see. Comment from Northwest Free Zone. Bricks will destroy the dollar.
Starting point is 00:36:49 Yeah, I think so. And on Sprumford yesterday, Massey was on Sirius Patriot Channel being interviewed by Ron DeSantis. As soon as Massey brought up ending the Fed, because he introduced a bill to end the Fed. Good guy, Massey. DeSantis went to a commercial brought to you by pfizer no wait the federal reserve uh also why does the government only put 50 value on a gold eagle when they're obviously worth way more yeah what does that uh does that value mean anything why they hide their shame that's that it's it's wishful thinking they've already waved right across that threshold you know they went from 20 an ounce and of course
Starting point is 00:37:33 franklin roosevelt made it 35 an ounce after he told you to turn turn the gold in i have a lot of those 20 gold pieces here in the shop uh so they moved to the 35 now so 50 you know under reagan that's when they came back with the the the relaunch of the one ounce gold eagle and the in the silver eagle um that was just a way of kind of giving a wink and a nod to to the way things used to be when there was value in our parents that's all that is wishful thinking yeah yeah it's uh just a nostalgic uh engraving that's on it isn't it i guess they put, if they put the actual value of dollars on there, that'd be a different ball game, wouldn't it?
Starting point is 00:38:09 It would look really strange to the average person. That's right. Uh, Chevron three 21, where would gold and silver be considered legal tender? Lots of states here in the union, for sure. Um, there's other countries that, that also also have gold as legal, gold mostly as legal tender, but all over the United States. That's a question. We've had a lot of these states now, several of them, I've talked about it, have said through the UCC code they've said that they would recognize cryptocurrency, not recognize a central bank digital currency, foreign or domestic. Do they ever say anything in the UCC about gold and silver?
Starting point is 00:38:56 Not that I'm aware of. Interesting. I'm not sure of that. I do know a lot of these states have just gone ahead and said gold and silver are legal tender. You can use the American Gold Eagle and the American Silver Eagle. But you have to remember, too, that gold and silver are very liquid. So if you've got a dealer like me or a gold and silver exchange or just putting it out to the public, you can sell it yourself. It's very easy to get in and out of gold and silver.
Starting point is 00:39:24 So gold and silver just really, to to me are a better form of money. Yeah. And of course, you know, we get into a situation where we've got a gray markets or black markets or something like that, which I, I'm assuming that's, what's going to be in the future. Um, then that, uh, all, uh, is going to work its way out, you know, cause people figured out, uh, and they will do it pretty quickly. How to, uh, uh, determine the value of the gold coins. Of course, we used to have people who would shave off the edges. That's why they've got the ridges on there, you know, just shave a little bit off so they could, uh, gradually accumulate it, but it's better way to
Starting point is 00:39:59 gradually accumulate and an honest way to graduate, accumulate by going to a Wolfpack at wise Wolf gold, uh, through David night dot gold. Thank you so much for coming on Tony. Do you have a program today following this show? Or I do, I have the Arterburn radio transmission 11 AM central time. So if you want to join it, join me over on rock Finn or, or on my Twitter at Tony Arterburn, we'll be broadcasting live.
Starting point is 00:40:21 Great. Great. Thank you. Questions. All right. Yeah. Yeah. Yeah.
Starting point is 00:40:24 We'll continue the questions there. Thank you so much, Tony. Uh, thanks for coming on and thanks for all that you do to support the broadcast. We really do appreciate it. Thank you.
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