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Dec. 12, 2024 - The David Knight Show
43:25
INTERVIEW Tony Arterburn: One Person is Responsible for 42% of USA Debt
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Alright, welcome back and joining us now is Tony Ardeman, 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.
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 and Federal Reserve Chair.
Absolutely unbelievable.
We've been talking about this like it's every 90 to 100 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 $1 trillion, and now we do it every 90 to 100 days.
These are unsustainable numbers, and if 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 Morgan Stanley saying, it's time to sell the U.S. dollar.
It really is.
Regardless of what you put it in, it's time to sell it.
It's absolutely crazy.
But there are also...
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.
So I guess if you do enough mushrooms, the trillion dollars don't matter.
Something disturbed her neural pathways in some way.
She's presided over this massive debt creation, a total failure of the U.S. dollar.
I mean, it looks to me, you know, when you look at the conspiracy theory of history, you look at the inside job, 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 Fed Chair, but then transferred over to the Treasury to finish off the job that she did as Fed Chair.
That's right.
Yeah, Ray Dalio, a billionaire investor, came out and said, there's going to be a global debt crisis.
Yeah, that's...
It'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, you know, government bonds and all this stuff.
Stay away from debt.
And he followed up on this and said, Bitcoin is still speculative.
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've got the Trump administration talking about setting up Bitcoin as a reserve.
You've got Russia talking about that.
But, of course, Russia is looking for alternatives to the weaponized dollar.
But when Trump and the Americans are talking about, well, what else can we put in here as a 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 trillion.
And now there's Bitcoin at $1.9 trillion.
Well, there's hundreds of trillions of dollars supposedly floating around in these markets and bonds and, you know, 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 happens, David, as you know, the purchasing power goes down.
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 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.
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.
Mm-hmm.
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 there'll 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 private banking sector, as things like...
you know 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 um all the stuff when you talk about the mining of the the gold and everything and of course bitcoin adopted that in terms of talking about mining right as they 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 $2 sign thing.
Or they'll just have the B and they'll put the B in some kind of three-dimensional gold, you know.
But it's not physical, and that's the key thing.
And as you're talking about the maximalists looking at this and when are the nation-states going to jump into it, we have...
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 you can trust these people who are going to operate this software to keep track of all your things.
And they're hoping that they can use that as a replacement for nation-states keeping gold reserves.
It remains to be seen, though.
Tony, it was just this last week, and I haven't covered it on the show this week yet, but Google claims they had a major breakthrough in quantum computing.
And they talked about how they could...
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, if that becomes...
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, it puts that all at risk.
Is it like Praetorian Guard?
Is that the way that it's listed on the CASA? That's the way it is.
Exactly, like Praetorian Guard.
And we know how that worked out, don't we?
That's interesting.
That's interesting.
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. Mm-hmm.
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 A conspiracy or something out there to get me, you know, 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 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.
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 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 would be gold and silver because they exist in this dimension.
They exist and you can hold them in your hand.
There's no counterparty risk.
It's physical.
And it's part, if you read anything, a lot of the Bitcoin maximalists I find it fascinating.
They give up on precious metals.
They'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, you know, the industrial value of both precious metals, gold and silver.
I mean, was it 90%, David?
I think of all the gold is used for things like jewelry and electronics and other things.
It's not used, you know, it's like 10% in central banks and stored value and currency, you know, backing up the currencies of nations around the world.
So it's not exactly...
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.
It's not going to help you to have gold.
I agree with you on that.
All these things are bets that tomorrow there will be a functioning economy at some level.
But history is my guide, and history tells me that precious metals will always exist.
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 in their 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, 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 $3 fee to withdraw cash.
And we're not talking about an ATM. You know, they've established that.
People say, okay, I 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, you know, 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 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 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 If quantum computing comes along, well, Bitcoin is going to have to adjust to that in some way.
Technology is not going to be necessarily static on the Bitcoin side either.
But 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 stopped the imports of the dollars that are being repatriated, which really was the tell for me that something else was going on here, but much deeper in the financial sector that they're trying to set up.
We're 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, 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, existing in the real world, 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 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 coinage, We can look to examples like Venezuela after their fiat currency collapsed.
And of course, their stock market was booming.
So, you know, 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 gold.
Jewelry and things like that.
People had ways to test it, or there 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.
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...
We have no bottom.
And of course, gold and silver and Bitcoin really have no top wins.
That's because these are diametrically opposed things.
You have infinite versus finite.
And for me, in 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 when we were much younger, my sister was like, oh, look, they got this collectible whatever, you know, doll.
And then later my kid's looking at Pokemon stuff.
Oh, 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 fiat currency is a manufactured collectible.
Yes.
It's too little mania.
Yeah.
It's like a doll or it's like Pokemon cards, you know?
It's...
Beanie Babies.
That's right.
Beanie Babies.
Another one.
Yeah, another one of those.
Well, you know, Israel is always at the forefront of all these globalist agendas, and now they're making moves towards eliminating cash.
They're stopping the 200 shekel bill.
And Netanyahu is saying that he's doing this to advance the fight against crime and In the Arab sector, it's always about, you know, you'll never use crypto, central bank digital currencies.
That'll never be used for crime.
No, it's only the cash, and that's why we've 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 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 BUIDL.
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, you 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 this psychological value that we're giving to the Trump administration going into 2025, you see the bubble inflating for the crypto market.
You see all these mean coins popping up and things that...
Very risky.
What value do they actually have?
What purpose do they serve?
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.
That's Bitcoin.
That's because 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 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 it.
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.
Steve Mnuchin, yeah.
Yes.
The two of them.
They were the ones who kicked it off the first time we got any indication of the 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.
And so it just goes in cycles like that.
If it had been Biden boy, they would have been, we've got to buy our gun now because he's going to ban it and so forth.
But now we're seeing that with the crypto stuff.
It's like, oh, he's going to lay everything down.
And of course, 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, I felt it was pretty clear that if 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, 50-something thousand per Bitcoin because of the hill that they're going to have to climb up with the perceived regulation and the hostility that the Biden administration had towards crypto.
And if Trump won, the opposite.
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 were going to hit $100,000 probably regardless in some time frame in the next six months, but now we've done that before the end of the year.
I really think that gold would have already crossed the $3,000 threshold had Trump lost the election, but we're in a different world.
And so none of the fundamentals changed 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 a 100% tariff on all their incoming goods they won't be able to sell in the U.S. 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 to pay for things across borders and not use the SWIFT system and not use the US dollar.
I see that because in 2021, the Bank of International Settlements at Basel III took gold from a Tier 3 asset to a Tier 1, which is on par with cash.
So these central banks started, you know, 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, we're reaching this.
Look, I mean, the whole thing with Janet Yellen adding 42% 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 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 Ann Arcapulco 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 in 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 you know, 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 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 unto 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, you know, I saw some article.
I forget who it was that wrote that.
But it said...
We're looking at the biggest change in 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 Uniparty wants to completely redesign the financial system, and it's interesting to see how that's going.
Yeah, that's their marching orders from Davos.
You know, we're gonna do the Great Reset.
It's filtering down.
Remember, Klaus Schwab said he penetrated the cabinets.
We certainly are doing that.
I mean, our so-called leaders are carrying out the Agenda 2030 right before our eyes and disguising it with what we would consider our politics.
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.
What we ought to be doing is inviting other companies and countries to build here, to build factories, to invest here, making our tax code more friendly to investing and maybe just completely eliminating the income tax altogether, replacing making our tax code more friendly to investing and maybe just completely eliminating the 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 just put out a response to the money that was seized, 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.
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.
And instead, the European Union, maybe they're more afraid of Russia.
They said, no, no, no.
We won't touch the principal.
We'll just freeze the principal.
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 a loan and, you know, they can have a line of credit that's up to $20 billion 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, again, talking about it 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 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 mean, just 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.
I'm 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.
It should help you, too, when they get rid of some of this regulation.
You know, I mean, 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.
When did it come out?
I don't know.
Maybe it was this last weekend.
I didn't see it either.
I don't typically keep up with 60 Minutes.
I imagine it's probably the same type of hit piece.
It's only people like Ross Ulbricht that are using it to kill people and do illegal things on the internet.
It's probably that type of thing.
Same type of stuff they say about cash, of course.
I'm ignoring Sun Tzu's maxim of know your enemy by ignoring the mainstream media these days.
So many of the outlets and things that I go to from my wheelhouse, they just aren't in that sphere, so I don't see them as much as I used to.
THX 1138 322. I don't know what the 322 is about, unless that's 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 the Shanghai Gold Exchange and 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.
And the Texas Depository, they're looking at ways where they can make it to where you can fractionalize and digitize your gold.
Use a debit card.
Basically, it'll be in real time.
Whatever gold you have in your holdings, you can swipe it and it'll deduct from that.
I think there's some great technology they're working on with it.
But again, don't put all your eggs in one basket.
Again, 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 in the next many years, especially if they are crypto-friendly, that you're going to be skeptical of and make sure it's tried and true before you use it.
I agree.
Especially because you see Lucky Lutnik is going to be a commerce secretary.
I guess that's where...
The Commerce Secretary seems to be where Trump puts his crooked bankers, and that's where he put the Rothschild guy, Wilbur Ross, right?
Yes.
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 would 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, and this 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 that's not here in the U.S. So if they wanted to stop what was Robert Triffin's dilemma for all the repatriation of Yeah, is null and void.
And, you know, the rest of the world's really holding it.
It's 80% of all the $100 bills ever made aren't in this country.
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, 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 is 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...
And what he did was he pretended that, well, that's not really prohibited.
You know, you said he 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 Peace was on Sunday.
They had XRP CEO, I think that's Ripple, right?
Brad Darlinghouse accusing him of buying elections.
Right?
Maybe they ought to have Elon Musk on and accuse him of buying the election.
His wealth has nearly doubled.
There's the top of Drudge Report today.
He's like the $400 billion man.
I mean, he's well on his way to a trillion dollars and becoming the first trillionaire.
And, of course, you've got Trump, who gave another gift to him this last week.
Somebody invest a billion dollars, we're going to waive all this other stuff.
And he's like, oh, this is wonderful.
And it's like, yeah, wonderful for you.
You bought the White House.
Thank you.
I think in this time in history, it's just an opportunity for 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, but don't get too comfortable.
I hate to be that guy, but don't get too comfortable because there's all the metrics That were threatening us 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 term irrational exuberance seems to echo.
Yes.
I remember when that was put out there.
Was it Greenspan that said that?
Irrational exuberance?
Yeah.
Well, you've got your program is coming up 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 Arterburn, and Rumble on the America Unplugged channel.
Same thing on Rockfin will be live.
I'm going back to broadcasting on WWCR, Worldwide Christian Radio.
Oh, good.
I've since canceled all my contracts with traditional talk radio, and I'm just not doing that anymore.
I just don't think I'm related to that anymore.
I'm just...
Much more on the alternative side and the financial side.
So that'll be my debut on WWCR back again today.
And Wise Wolf, we're looking to fill all the orders for the holidays.
And 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.
You can buy one time, by the way.
You can buy just one 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 DavidKnightDoggold, I send that out ASAP. I've got a great crew in Branson that is very efficient, and we get those packages out.
So if 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. Um, and we've got some holiday merch I'll be putting out.
Well, I say holiday.
I've got some smirks.
It's going to be, you know, announced during the holidays, but we got some cool t-shirts and sweatshirts I'm putting out, uh, hopefully in the next week or so on the website.
Uh, so I'm working on that as well.
And, uh, Yeah, and I wanted to tell people too, I know it's 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 and 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 Wolfpack, 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 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 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 medals with fiat dollars before they come to their sense is.
Go to davidknight.gold to get in touch with the wise wolf himself, Tony Arterburn.
He knows where to look to find silver and gold.
Yark!
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