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March 6, 2025 - The David Knight Show
49:31
INTERVIEW Trump’s Shocking Bitcoin Reserve Twist
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all right and uh we have tony arvin of wise wolf goal joining us and tony has kindly set up david knight gold to take you there as well A little bit easier to remember.
It lets him know that you're coming through us.
And it's always a pleasure to have Tony on.
We were just talking during the break, and he's got some interesting updates to the Sovereign Wealth Fund.
But I want to begin with the Bitcoin Reserve.
Which was something that Trump dropped at that Nashville thing that you went to last summer, I guess it was.
And now it's come to fruition, and they're going to have their first meeting tomorrow.
And we had a surprise announcement earlier this week with some strange things added to it.
He didn't even mention Bitcoin.
And everybody's going, what's going on?
Is this a Bitcoin reserve?
I mean, what do you think about these other cryptocurrencies, the ADA, the SOL, the XRP? What is your take on that?
Well, if you wanted to tank the idea of a Bitcoin strategic reserve, this is the way to do it.
What you do is you throw these other coins in there that really I don't have any idea why they'd be included like Cardano.
Why is ADA in there?
XRP, you know, this is...
Well, they do have some connections to Trump.
You know, if you look at this stuff, some of his meme coins and other things like that, there's some connections there that...
You know, it looks like we're starting to see a pattern of just in-your-face graft and corruption.
It's just the worst ideas that could be tagging along with what, you know, when I was at the Bitcoin conference in July, you know, you had RFK Jr. speaking, and he actually is very strategic with his plan, you know, for if he was going to be elected.
That he would have the Treasury order to buy 500 Bitcoin a day to put us on parity where we hold about 18% of the world's Bitcoin, roughly like we do the percentage of the world's gold.
And that made sense to me.
I don't even know what this looks like.
I mean, you're talking, these are private companies.
The thing about Bitcoin that, you know, again, if you're not really into crypto like I am or haven't been in the space since 2016, it's the only crypto out there that is decentralized, truly.
And you can talk about its origin story or what it was meant to do or some of the coding that got put in in 2017. And that's a side argument.
But all these other cryptos lead back to a company, a board of directors, venture capital.
So it doesn't make any sense at all.
The United States, it holds gold reserves and it has some foreign currencies that it holds.
But to my knowledge, it doesn't hold stocks or anything like that.
I mean, this would be a complete departure.
These other cryptos are not like Bitcoin.
And of course, even the Bitcoin argument itself, I'm happy to talk about that.
Maybe it's not the best idea in the world, but charging the American taxpayer to buy something that is a decentralized electronic currency.
Perhaps that's not a good idea.
I mean, we can argue that.
But you add all these other entities in, and I just shake my head.
I'm like, where did this even come from?
Because, you know, after the inauguration, Bitcoin went to 108,000.
It's all-time high so far.
It's dipped back down into the almost low 80s, I believe.
In the last few weeks, because where's our Bitcoin strategic reserve?
Where's the BSR? And the momentum in crypto has happened.
They just dropped the R. They just dropped the R. It's now just BS. You know, to your point of these things being privately held and everything, the XRP, the Ripple, you know, it's attached to Ripple, and they still have 80% of the tokens.
You know, the tokens are created all up front.
They're not mined.
And they have 80% of those under their control.
And, you know, it was Angry Tiger who said, if you look at these things, they're all about transactions.
All three of these cryptocurrencies are about transactions.
And so I went back and I looked at it in detail.
I talked about it yesterday.
They're all based on proof of stake.
They're all based on, you know, just because I say so, right?
We're not doing any...
If the government was going to hold stocks, that's a good analogy, Tony, what you said.
If the government was going to hold stocks, should they go out and buy stocks that are 80% owned by that company?
You know, it doesn't make any sense.
And yet, when you look at the transactional status of this, and what...
XRP and these others were set up to do.
Some of them are about smart contracts.
Some of them are about NFTs.
They're all proof of stake.
They're all privately owned and centrally controlled and all the rest of this stuff.
And as I start looking at this, what it looks like, and you know I've said this from the very beginning, that yeah, CBDC is out.
They know that people aren't going to fall for that in the United States.
So let's do it in a different way.
And they look at it and say, okay, let's rebrand this and let's do it in a way where we can make a I think?
Personnel or policy?
I think their policy is for these guys to make a lot of money with their stablecoins, with their pump-and-dump stuff.
And I look at this, with this being focused on transactions between institutions and transactions across countries and stuff like that, to me, this looks like the step number one of CBDCs.
They would always do it as a wholesale basis, right?
So we had, they'd already started that in the U.S. They said, we're going to have FedNow.
And that's going to be how we're going to process transactions between banks.
And then, after everybody gets involved in that, we'll go to FedCoin.
We'll take it to the retail level, where there'll be a digital currency for you and I to use.
But it begins with FedNow, which is a wholesale thing out there.
I mean, is this like a public-private partnership for FedNow?
I think you're right, David.
What other argument could you make at this point?
This has nothing to do with the strategic reserve.
This is a hijacking of technology, in my opinion.
You look at what they're trying to do is have a public-private partnership with the technology of crypto.
They just listed all the major cryptos, and that makes no sense whatsoever.
This was supposed to be an administration that was going to deregulate crypto, not take it over.
This was supposed to be about the Bitcoin presidency and perhaps make Bitcoin a strategic reserve because of Bitcoin's nature and what Bitcoin is supposed to be.
These other coins, I mean, there's some functionality there.
There's smart contracts, XRP, you know, we're delivering financial transactions between financial institutions, all that stuff that could be argued that it has functionality.
But that has nothing to do with what...
The whole premise behind the Trump announcement in Nashville, these other coins weren't mentioned.
And he did say in Nashville, I watched him, he said, there'll never be a CBDC as long as I'm president.
I thought about that, you know, because I know Gary Kushner's role.
Steve Mnuchin, yeah.
Right, and I'm not looking at Trump the way the other people in the crowd are either.
And so this starts to make more sense.
I wondered what was going to happen.
And now I think that's why a lot of the steam has run out of this euphoria.
We can call it Trump euphoria.
After the election and people selling off their gold and silver and getting into the crypto markets and Bitcoin did go up and it went up to 108,000.
And I think it will start to slow climb again, but that has almost nothing to do with the Trump presidency.
I think it's just more and more adoption worldwide.
And I think maybe the two things can get confused.
But the adding of these cryptos certainly is a red flag.
Even those are cheerleaders in the crypto space.
I listen to a lot of podcasts, and even they're going, what is happening?
This is not good for the industry, this collusion between government and the private sector.
Of course, it wasn't good for the industry when Trump made so much money off of his Trump coin and his Melania coin either.
I mean, that started to make the whole thing stink like a pump-and-dump scam, which when I talked to Catherine Austin Fitz this week, she said she's absolutely convinced it's what it all is, is a pump-and-dump.
And to, you know, to keep this thing rolling, you know, the end game for a lot of these people was to always try to get governments involved.
That was the next stage.
We can get the governments to hold Bitcoin or whatever.
And so, you know, that's the ultimate, you know, dump it over to the government and then we all sell out at the top and that type of thing.
That has always been my concern as well when I look at this.
But, you know, getting back to the fact that you were just talking about how he's going to throw in all these different cryptos and who knows how many they're going to put in, right?
And to me, it looks very much like what he's doing with all this tariff stuff.
You know, I talked about the tariff.
I said, you look at it historically, you look at the tariffs, and they're either there to protect specific industries.
No, that's not what this is about.
Or they're there to raise revenue, which is what Jefferson did.
He cut the size of government.
He said, now we're just going to run the government off of tariff revenue.
No, it's not about that.
Instead, it's targeting...
And he's got to roll it back within a day or two because of the total chaos and damage that was going to be done to the automobile industry because things were going back and forth, back and forth over the border.
Because why?
Because he had already set that up in his first administration, the USMCA approach.
Yeah, put your stuff through Mexico, Canada, and the US. USMCA. So they start doing that.
Now he's going to come in and he's going to create chaos with that.
It's like a pattern, Tony.
That either they don't know what they're doing or they're deliberately trying to sabotage.
I mean, we're at the point now, is he deliberately trying to create a recession, say some people?
Is he deliberately trying to sabotage this stuff?
There's no focus on this Bitcoin reserve, just like there's no focus on the tariff stuff.
Creative destruction.
It comes to mind.
So, while you were talking, I just remembered going back to 2015, and I got invited to see Trump speak in Dallas.
This was at the American Airlines Center, and he had just hired Katrina Pearson, and we ran for Congress at the same time in different districts, and I knew who she was.
Anyway, I got tickets.
I was in the front row.
Trump came out, and I'd been running on economic nationalism.
I understood it, and I thought, this is really revolutionary.
He came out, and I've got it on my phone still.
I recorded him saying it.
He said that, you know, if I'm elected, I'll just call up the CEO of Ford Motor Company, and if you don't bring those factories back to the United States, I'm just going to slap a 35% tariff on any Ford F-150 or anything that you send over the border from Mexico.
To the United States.
And he goes, and I'll do that with a phone call.
It won't even be that hard.
Well, we're a long way from that.
We've had the previous Trump presidency and we have this one.
You're right.
Economic nationalism is either about protecting, having protectionism, which was the later goal in the 19th century.
But early on, it was about raising revenue, as you mentioned earlier with Jefferson.
There was always a strategy there.
There is no strategy here.
And it's not about either or, because those, and you mentioned the USMCA, and it really was a codifying of NAFTA with a bunch of new tech stuff put into it.
I remember because I was filling in for you back in 2019, 2020, and they were talking about this as it ramped up at the end of his first presidency.
This is a really strange time, and it's hard to figure out what the actual goal is.
Weaponization of the dollar, by other means, with threatening BRICS, with 100% tariffs.
This is like, again, the recipe for an economic downturn if you wanted to do that.
If you want to shock the system, and that would create maybe the opportunity for price controls, David, or something, or the seizure of different aspects of the economy, because, hey, things are shaky, and this is a national security.
Mm-hmm.
There's something to this.
I don't even see any sort of patterns for why this would create a robust production economy.
Because all you're causing is uncertainty.
Now, if you were to say, you could announce tariffs on certain things.
And, you know, Pat Buchanan covered this a lot in his work, and I've studied it for years and years.
I mean, and I know these numbers by heart.
If you put a 25% tariff across the board on manufacturing products, and you don't, you don't, you know, seek out countries, and you don't, you know, take, play favorites.
It creates basically the same amount of revenue generation as the corporate income tax.
So you could abolish the corporate income tax and then you could incentivize companies from around the world to move here and build things and avoid the tariff.
And, of course, not pay taxes.
Well, he's not going to do that because they've already...
That's not what they're talking about.
And they've already agreed.
You know, they had the agreement, the Biden administration and the U.S. government and all these different countries got together.
G7 said, we're not going to have anybody do less than a 15% income tax rate.
So he's not going to push against the globalists.
He's going to abide by their scheme there.
So he's not going to get rid of the corporate income tax.
I mean, that's one of the things I think is interesting.
Mav 2022 says...
Bitcoin isn't a coin.
Let's start there.
It's a reward for a machine to complete a task.
And that's one of the things that Catherine Austin Fitz was saying.
She said, you know, I get having a gold reserve.
I get having a petroleum reserve.
But, you know, why do you need to have a Bitcoin reserve?
It's speculation.
You know, it's like a stock.
And it just doesn't make any sense that you would make a reserve out of that.
Well, I mean, I... For my own philosophy, when Texas tried to create a digitized gold-backed token, I oppose that because I always ask the question, why does the state need to be involved in money?
I look at the Bitcoin.
Now that Trump has announced this dilution of what would be a strategic Bitcoin reserve, I no longer support any of that.
I don't understand it.
Especially on the people who came up with the idea, maybe good intention, but they were long past that.
So this is something completely different, and there's something else going on here that has nothing to do with stabilizing our economy, clearly.
I mean, this is just...
A funhouse mirror version of that.
There's no strategy in this.
Well, I think there's probably strategy just not for, you know, to prop up the U.S. economy.
Oh, I agree.
I mean, you look at Lucky Lutnik and you look at Scott, the Besant guy, you know.
One of them is involved in coming after the British Brown with George Soros.
And then the other guy and all of his financial background, it's one scam after the other.
I've got a question here from DG8 for you, Tony.
He says, Please ask Tony about XRP, the Ripple thing, being the only crypto listed as a business partner of the World Economic Forum.
Was the whole SEC case against XRP, Ripple, a fraud?
Well, the SEC in and of itself and its war on crypto.
Yeah, I mean, and this may have be a way that you can control it from inside and make sure that the price stays stabilized for accumulation or whatever.
I mean, these are ways that they pump and dump and are they, you know, they'll have a like Jamie Demon's done this before of JP Morgan, where he's come out and bad mouthed, you know, all of Bitcoin.
I remember this 2018 timeframe.
He came out and just in his daughter for having it.
Yeah.
Yes.
I mean, just went and he's done this a few times.
And then, you know.
The next day it'll tank and then they'll see some accumulation and all of a sudden it'll come back up.
They do this kind of stuff.
They have ways to create this narrative for you and I because we're not the insiders.
Like George Carlin said, it's a big club and you ain't in it.
I follow a lot of stuff with crypto, obviously, but I look at some of these other trading platforms and things and people that are trying to make money and get rich with it.
And it is interesting because it's all about the pump and dump.
The functionality and the coins aren't really there for the most part, especially the meme stuff.
I was on with Angry Tiger last night and I said, if you ever see me promoting a meme coin, that's not me.
It's a clone and don't trust that person.
That's not me.
I just wanted, for the record, I would never do that.
Because again, what purpose does it serve?
I have a Bitcoin company.
And the reason I've been in Bitcoin since 2016, do I know everything about it?
No, it's impossible.
I don't know everything that I could know.
I just have, from everything I've researched, I believe that it's a functional mechanism for economic growth, at least for an individual, where you could have a way to hedge against inflation and uncertainty.
It's not exactly precious metals.
They're different things.
But I'm not touting any of these other coins because of what I mentioned earlier.
It's like these insider deals and who knows who has ties to the World Economic Forum or Davos or whatever, or government.
And now all the lines have been completely blurred.
The conference is tomorrow, David.
They're doing it to watch.
I think the crypto...
This explosion of interest and all the hope and everything that was in the...
It's dimming because of this.
And maybe that's on purpose, too.
I think we're starting to see what could be the blueprint for the CBDC, the way that they would do it in a public-private partnership.
Which, if I remind people, that is fascism.
Yeah.
Oh, yeah, absolutely.
Yeah, you know, it's not any coincidence that when you look at things to come or, you know, based on the book, The Shape of Things to Come, that they come across as kind of fascist because that is, you know, economically they are fascist and they want to tell everybody they're elitist and they're fascist if you look at these technocrats.
But, you know, when we talk about the corruption that is there, yesterday I talked about the fact...
That this one guy, his name is Justin Sun, S-U-N, 34 years old.
He was the guy that famously went to Hong Kong and some artist had put a banana on the wall.
Remember that?
With duct tape.
He bought it for $6 million and then with everybody taking pictures of him, he took it off the wall and ate the banana.
And then he put a lot of money into Trump's world financial thing or something, this other crypto scheme that Trump has personally going.
And immediately the SEC, which is investigating him on multiple pump and dump issues, immediately stopped.
And I guess my question is, are we going to a banana republic?
I'm going to eat that banana.
Is this based on crypto?
And are we going to be eating the crypto banana republic when this pump and dump thing goes sideways on his...
Or maybe we could call them banana republicans.
I don't know.
That's good.
I think a lot of this is...
Perhaps it's a sideshow.
Because the rest of the world...
If you look at who's crypto-focused...
It's not the rest of the world.
I mean, there's other countries popping up, and I do.
Again, this is a mixed bag for me, but if you look at Bitcoin, like El Salvador, they recently bowed to the IMF, and yeah, it's still a legal tender there, but the IMF said, you're not going to do this the way that they'd had Bitcoin set up previously, and they backed off.
And why would the IMF threaten them over the Bitcoin stuff?
I mean, is it because the IMF is so heavily involved with it?
What's your take on that?
Why would they do that?
Well, because it's outside of their control.
And this kind of goes back to what we were talking about.
Why list all these other coins?
Well, it's interesting because you can control all those other coins absolutely easily.
I mean, it's because you know the founders, you know the people on the board, you know everything.
Bitcoin is, you can't.
But if you want to control the Bitcoin, what you do is...
You create this environment where BlackRock buys the supply, and then you can own it through these ETFs.
And then you start regulating how the wallets work.
Then you start saying, oh, your own keys?
Well, we don't really support that.
That's more money laundering and things.
And so that's how you hijack Bitcoin from the inside.
And you say, well, we're so crypto-friendly, we put all these other cryptos.
And I'm starting to think this is how that plays out.
You know, a lot of people would just argue that Bitcoin itself is fake, and I'm not there.
I don't see that.
But this is the caution in that.
I mean, it's really to add all these other things.
That, to me, is the threatening part.
And the IMF, you know, again, this is why Bitcoin, I believe, is still an enemy to the bankster class, because they don't have control of it quite yet.
And so if this gets away from them, if other...
That's what's called game theory in the crypto space for Bitcoin, is that once it gets nation-state adoption at some level, it'll just be a rush to who can control the supply, and mining will be strategic, which could very well turn out to be true, but we live in an upside-down where it's not a free market anymore at all.
I mean, these are contrived things.
I mean, we have central banks.
You know, the oligarchs and all the things that have infiltrated our politics and reality.
So it would be hard to, you know, in a perfect world, obviously, this libertarian thought, you know, you're a libertarian.
Well, I used to be.
I'm pretty close, but they lose me on some things, especially when you get into the fantasy of this is how people act, because that's not how reality works.
I mean, it's a good theory.
But I think that's what's playing out right now is that we've, We've still got the Bitcoin technology, but how do they wrap their tentacles around it?
It looks like they're doing a pretty good job so far.
And even got a few things past me.
I really thought they were going to have a Bitcoin strategic reserve until they threw this out there.
It's really...
Bizarre, these other coins.
I keep going back to that.
My mind just can't get away from that, that they added those other coins.
And just nonchalantly, by the way.
Oh, yeah.
And didn't mention Bitcoin until everybody complained about it.
He goes, oh, yeah, Bitcoin and Ethereum, they're going to be the heart of it.
I wonder, though, Tony, you mentioned BlackRock and their ETF stuff and everything.
You know, now BlackRock is good.
It's amazing to see Alex Jones and all these other people cheering this because they bought two out of six of the ports down in Panama.
Now it's American-owned and all the rest of the stuff.
And it's owned by BlackRock.
Aren't we happy about that?
I was saying yesterday that BlackRock and Larry Fink is kind of like the Moriarty of everything that these people hate.
All the different lines of the web go back to this guy.
And now he's the hero that Trump has put out there.
You think BlackRock's going to be managing?
The Bitcoin reserve?
Should we make a prediction?
Will it be BlackRock that gets to manage all the Bitcoin reserve?
Yeah, we're going to get rid of Monsanto.
Here's IG Farben.
We hope you enjoy.
I mean, it's just...
Yeah, is Trump going to do that, or is he going to put BlackRock in charge, or is he going to put Bill Gates in charge?
Either way, if he does it, it'll be a great thing.
People have short memories.
This is the team sport.
It causes brain damage.
Partisanship politics causes brain damage.
I can't remember a year ago when people were putting out memes of BlackRock buying up all the housing in the United States and outfitting first-time homebuyers and just offering cash and all this other stuff, just accumulating residential properties.
Why is that?
It's the same thing that I don't have this...
When I hear Larry...
Fink talk from BlackRock.
I don't think, oh, that's my ally.
He really wants a free market.
I just listen to what he says, and a lot of times he's talked about changing behavior.
This is something he's done many times.
He's at the center of all this ESG. Through the financial system.
That's ESG, folks.
That's right.
And he's at the epicenter of all that, but it's a good thing now that Trump has, and of course it's the Trump pressure.
You know, I was talking to Mark Hall, who lives down there most of the year.
He said, you know, they had already, their internal revenue equivalent, had already started auditing that Hong Kong company in order to put pressure on them to sell.
And so this is a pressure campaign conducted by Trump and Rubio and his administration against Panama to put pressure on this company to get them to sell for the benefit of BlackRock.
And now this is a big win.
Oh, it's America first and all the rest of the stuff.
It's like, what is...
Thomas Jefferson said it best.
He said, merchants have no country.
That's right.
That's right.
You know, and if you're an entrepreneur and you're into, you know, you take a company or take something global, I completely understand that.
But don't be confusing the two.
There used to be the saying was, you know, what's good for America is good for GM and vice versa, for General Motors.
That's not true anymore.
Yeah, that's right.
You know, bringing those factories back to Detroit, is that good for GM? Is that good for America?
The GM's profits would go down.
If you look and you correlate the amount of profits, or if you want to call it that, whatever it is anymore that these companies make, the accumulation of wealth from NAFTA on, the wages of Americans have gone down, and these corporations are just off the charts.
It's a record intake of capital.
So it's not...
Something good for America is not good for them at this point.
So I don't think we're...
I don't want to...
This has gotten way out of hand with this partisan politics.
That's where we are.
And we're marching straight into...
The Great Reset remains.
Have you ever seen the movie Independence Day, you know, where they finally use a nuke on one of the flying saucers, you know, the big mothership?
And then they come out and they say, oh, we think we got it.
And then it's no target remains.
I think that's the same thing after this election.
And we just we're still in it's just other by other means.
It's not coming at you directly.
You're right.
There's something with I'm wondering when they're going to announce the the Fed now crypto system or something, you know, through these banks.
You're absolutely right.
I think it was way ahead of the ball.
I think, I said the other day, I said maybe they'll call it, instead of CBDC, maybe they'll call it PPPDC, you know, Public-Private Partnership Digital Currency.
But let's talk about the Sovereign Wealth Fund.
You know, when I talked to Catherine Austin Fitch, she said, well...
You know, this looks like a pump and dump that they're going to do to pump this thing up.
And then when everything goes bust or, you know, it may be the crypto stuff or more likely it's just, you know, going bust with the economy.
And they say, well, we've got to use our resources.
They claim that they own the land.
They'll sell the land to these other people.
Everything is for sale.
Citizenship is for sale, all the rest of the stuff.
But the Sovereign Wealth Fund, when we were talking during the break before you came on, you said you noticed something about the Sovereign Wealth Fund.
Let's talk about that.
What did you see?
Well, the article came out from Jim Rickards, and he worked with CISA to the CIA and did these...
Deep dives into the financial wars and currency wars that are going on that's kind of behind the scenes in this nonlinear, you know, asymmetrical war that goes on.
So I've read him for years and he said something in an article and he kind of just went through and I was going to bring it up because it was so huge.
It put an alarm bell off in my head.
I didn't know this.
Well, you know, Scott Bessett putting together this idea of the Sovereign Wealth Fund, and Trump signed the executive order to the Exploratory Committee on that and to lay that out and what it would look like.
Well, we all talk about Fort Knox with the gold there, and we talk about what the United States supposedly has, about 8,133 tons of gold bullion to back up its, well, not more technically back up our currency, but to back up our economy.
It's part of our It's part of our balance sheet.
Well, something that Rickard said, and I didn't know I'm going to cover a little bit more in my show here in the next hour or so.
Apparently, in 1934, FDR had the Treasury of the United States write a certificate to the Federal Reserve giving them holdings for the gold that the Fed had to give up During that executive order.
So supposedly the Fed had to give up a certain amount of gold, right?
Well, if you actually re-denominate that in ounces, those certificates are more than the 8,133 tons that we have in our own reserve for the United States government itself that we technically owe the Fed.
And Rickards didn't cover it in the way that I would have if I thought...
I didn't know that.
Yeah.
And that's because I've often heard, you know, we had, you know, like 18,000 tons before or right at the end of World War II, and then all of a sudden there's this reallocation and all this stuff that went on, and we opened up with free trade.
There's a whole stuff that happened after World War II. There's a lot of financial maneuvering.
So this is another of those clues.
As the world continues to go towards resources, that's where we are.
I mean, you know, you can look at, I think, After Basel III in 2021, when gold was taken from a Tier 3 to a Tier 1, the rest of the world is just already scrambling to get the gold.
And I think that's just gold is already the world's reserve currency again.
It's just, you know, we're talking about time and getting off systems and other things.
So they have to know that here in the U.S. So I think the future is going to be who has what and the assets and all the rest.
It's not that the U.S. isn't going to sell its gold.
Or anything like that.
I don't see that happening.
Or putting into a particular fund, I don't think.
But I do think that there's going to be a lot of exposure.
This is what we have.
A lot of cards are going to be put on the table because we're in the Great Reset.
We're still watching a meltdown of the financial system and the debt.
Worldwide is systemic.
It's malignant.
And there's no way out of that.
I mean, the sheer numbers of it all, David, as you know, are just so gargantuan, you can't come back.
There has to be a new system put in place.
And this may be the creative destruction that we're watching, because there's nothing to do with strategy, whether it's the tariffs or the crypto fund or anything.
It doesn't make any sense.
And perhaps it doesn't make any sense for a reason.
This is just chaos for chaos' sake to see where things end up.
And now, some of that unintended consequence, I'm watching very closely, is these bullion banks, they can't fulfill contracts.
They're starting to, the cracks in the system, it's going to be all over the place.
And we're just at the tip of the iceberg.
I don't know what it's going to do to prices.
But I looked up before we went live, and I'll just mention this, to look at silver, this should be covered on the nightly news, what's not going to be, our financial sector.
215 million ounce deficit last year.
So that means all the orders, they had to find 215 million ounces of the above ground supply.
And so this is happening year on year, and the prices remain because of the paper and all the stuff that's covered up.
The world is rushing to assets.
And I think that's why you see so much pressure put on these supplies and the things of metals.
And we shall see.
Those little nuggets of history, I find out every day when I look into this stuff, it's pretty amazing where we stand.
Especially, I didn't know that the Fed is owed more gold than we have.
And so that kind of brings in this whole dog and pony show about going into Fort Knox and looking at this stuff, which is going to be like Al Capone's vault with Geraldo Rivera.
It's going to be one of those types of deals.
There's no way that they're going to audit this thing and make it meaningful.
I mean, are those real gold bars or what is it?
And so my question is, what is the intention with all of this stuff?
Is it to move everybody?
To change public opinion, that's the whole purpose of it, is to change public opinion.
But to what purpose and to what end?
Is it going to be to get everybody afraid that...
Yeah, we just got this big speculative bubble, and we got paper gold, and we got paper silver, and we got these other ETFs and derivatives, and there's nothing there, you know, kind of like which caused the real estate crash.
Is that their intention for destruction?
And then do they use that to move us over to the kind of great taking, you know, where they say, yeah, but we got all this land, and we can now put those assets to work.
That was what Besant said.
And Doug Burgum, who is in on all this stuff as well.
They put him in as Interior Secretary.
What did he say during his confirmation hearings?
He said, well, we got $200 trillion worth of land in the United States.
So they're going to somehow put that into work, put that into a sovereign wealth fund or something, and say, we're going to move now from the fiat currency or even pretending that we got gold backing.
Now we're going to back it all with the land, and maybe we implode everything.
What do you think is, I mean, it's pure speculation at this point.
You got any idea where they're going with this sovereign wealth fund?
It really concerns me.
It turns me to hear Bessent and to hear Burgum making the kind of comments of the ring.
Of course, in every one of these things, they got Lucky Lutnik standing beside them.
The three-card Monty guy.
He's a huckster of the nth degree.
33rd degree huckster.
How about that?
I like that.
I read an article earlier this week that Deutsche Bank is putting out some notices and saying, hey, you know, the dollar may not be a safe haven in the future.
It may be losing its safe haven status.
And I thought about Deutsche Bank.
And if you look into the insider trading that went on prior to 9-11, these shell corporations and kind of in the periphery of Deutsche Bank was some of these entities that.
Shorted airline stocks and other things right prior to 9-11, and they had ties.
If you really drill down, it ties to intelligence and goes back to Mossad and others.
There's millions that never got claimed, by the way.
I think to touch it would be to expose yourself.
There were some that they didn't secure just right.
But this is a controlled demolition, whatever it is.
Going into the Trump presidency with the meme coin, and I'm just shaking my head.
You can make money on it, and that's only insider stuff, but it's going to leave the regular folk holding the bag, losing 90%.
You know that going in.
Why would you do it?
Well, it's the same thing you could do with a sovereign wealth fund or something like that.
We're in a post-trust era.
That's another thing.
These institutions lose trust.
That's why Things like gold and commodities and other things in this era that we're in becomes even more important because that's why the United States, we're losing and de-dollarizing is so rapid.
It probably would have took another hundred years had we just been a good steward.
We could have kept the world running on our currency for a long, long time, but we got arrogant.
We have to nightstick people like a drunk cop or something.
That's what we do around the world.
40 different sanctions.
It's probably more than that.
I haven't been saying that for three years, but it's 40 sanctions on 36 countries.
So we weaponize all that stuff.
So we already know the cause.
We do cause and effect, so that's apparent that it's not working, but we continue to do it.
So there's an open question whether, you know, they just want to accelerate this thing or want to do a pump and dump.
Maybe they'll create a United States meme coin itself, like, just for the country.
Get in early, you know, for the rest of the world.
So I don't trust anything that, you know, this is why I think we lean too heavily to say, well, the United States needs to go on a gold standard.
Go yourself on a gold standard.
That's right.
We have the opportunity to do that.
Thank you, Gerald Ford, 1974, for making it legal for me to own gold.
You know, I just don't need them.
And that's why I oppose the Texas setting that up.
I don't need the state involved with that.
That's right.
You see, what happened this last week is there's all this uncertainty about the tariffs and everything.
Stock market goes down.
Bitcoin gets shaky as well as, you know, because Bitcoin's pump was based on all the stuff about the Bitcoin reserve thing.
So, you know, you look at that and what does that do?
You see gold is still hanging in there strong.
How is the situation right now?
I mean, you were the first one to talk about that I heard.
And long before I saw anything in the press, you were talking about the massive movement of metal back to the U.S. and how it was creating problems in London and other places like that.
How is the supply looking now?
Oh, it's slowed some as far as the clearing out of vaults and other things that's happened around the world.
I think the next shoot or drop is just the fallout from a lot of these companies and countries and funds that will be asking for physical delivery.
And I think not all of it, but it'll be a big chunk that won't show up and it'll create a cascading effect of other orders.
One of the reasons like, you know, FDR had a banking holiday.
You remember that?
And from when he took over in 1933, he had a banking holiday.
And that was just for him to get control of the financial system because people were going to do a run on the banks.
You know, so I think that's probably going to have a There's a physical gold and silver.
There's a hidden time bomb, I believe, of just people being able to get access to it.
And I watch it very closely.
I think supply is okay right now.
I'm never back to the 2018-2019 supply levels that I would find.
I've never recovered from that.
I can still get things.
And that's one of the reasons we have this.
Multiple locations now for me to supply my membership stuff for Wolfpack.
I need to buy from the public.
I can't necessarily get the same kind of products even from the wholesalers anymore in the time frame that I need.
Right now, I'd say it's relatively calm, but I think we're on the cusp of another shoot or drop, hitting another level.
Of the real physical versus the paper.
And this will, I think, be even more exposed in the currency and trade wars that are afoot and are going on right now behind the scenes as the world continues to lurch towards gold.
2024, David, was another year where central banks, they ordered 1,048 tons or so.
And before that, it was another 1,000.
And before that, it was another 1,000.
This trend continues.
Well, they're concerned about the instability as well.
You know, it's very unstable, very unpredictable.
There's a lot of chaos that's being sown in here.
And when you see that kind of stuff, everybody runs to gold.
Yeah, everybody runs to gold.
It's the way that history shows us that that's what it's always been for.
And even in Rickard's article today, it was like...
Gold is not just, you know, you could have said, well, it's a safe haven against inflation.
He goes, well, inflation was what, you know, 10% or whatever, and gold went up 80% in the last three years.
You know, so what's driving that?
Well, fear, uncertainty, doubt, geopolitical tension, and the reset of the monetary system, the growing debt.
And this isn't whatever this is that's coming out of Washington.
It's not strategy.
Well, not strategy for building the economy.
It's something completely different.
That's right.
It's chaos, and they're accelerating it.
And so that's why I look at this, and it's like, I want to get off of this train.
As you point out, you can get on a gold standard yourself.
You can do that on a regular basis.
I love what you do with Wolfpack, where people can set up an amount that they want to...
You have different tiers there that people can subscribe to on a monthly basis and gradually accumulate this.
Of course, you handle any transactions.
It can be small or large or whatever, but you can also do that savings program.
What else is going on at Wolfpack that you'd like to tell us about?
We've got a big announcement next week.
I can't announce it yet, but we're going to be adding another tier to Wolfpack.
It's the final one, and I've decided we're going to put something between the Wise Wolf level and the Sage Wolf, so between $5,000 and $100,000.
I'm going to have some new incentives that I'm throwing in.
We've got a lot of stuff.
By next week, when I come on the show, I'll have a lot of stuff to announce.
There are going to be some deals.
Some other things.
I'm trying to make it just even more streamlined for people's budgets.
And if they want to beef it up a little bit, like, again, I understand how tight things are.
So we're going to be adding some free shipping and other things and then some variety.
I did a conference call with the team yesterday, and I said, look, I'm going to be making some changes.
You're going to have to roll with it.
We've got a lot of stuff.
We're going to have to be manually checking some things for customers.
But I want to have the most variety, the easiest ordering, all the stuff in that price range.
And I think people will like what we have going on next week.
And of course, you know, we got Bitcoin.
You can buy and sell Bitcoin with us now.
We're fully operational.
So if you want to buy Bitcoin, you want to sell Bitcoin, we'd love to buy it.
We can sell it to you.
We can help you with that.
It's a white glove service, you know, so it's hands-on.
We have people walk you through it.
And if you want to use your Bitcoin to buy precious metals through me, absolutely no fee.
We're the only no-fee broker in America.
That's great.
And in the world.
And, of course, you can help them.
You said the White Glove Service helps somebody if they want to figure out how to maintain a private wallet, that type of thing.
I've got a question.
Yeah, that's good.
I've got a question here from Cecilia14.
David, can you ask him what he thinks of Trump wanting rich foreigners to buy their way in to this country?
The $5 million gold card.
I'm wondering what he's going to get with a platinum card.
That's what I'm waiting for.
Sam Tripoli said, yeah, you can do that.
Sell it to them, but they've got to move to Detroit.
They've got to go to the Rust Belt.
They can't live in LA. They can't go to Miami.
I said, you know what?
I'm fine with that.
You've got to rebuild something inside the U.S. Make it contingent on you.
Doing something for us.
That's right.
I'm fine with that.
That was what they were doing with the HB5 thing or something.
And, you know, it's like a million dollars and you get your green card.
Only $800,000 if you go into a distressed area, you know, like Detroit or something like that.
And yet that's been just riddled with fraud.
And, of course, the amazing thing to me was when you go through the numbers and you've got Lucky Lutnik says, we've got 250,000 people right now who want to sign up for this.
And somebody said, no, if you look at this, we know how many people there are in the world that have a net worth of, let's say, 30 million.
You know, just set it there.
If they can afford to spend $5 million for this.
And of all those, it's about 400 and some thousand people.
And there was about 264 something thousand outside the U.S. So they have to be basically everybody.
With a net worth of over $30 million that's outside the U.S. would want to buy into that.
That's absolutely ludicrous.
But the thing that bothered me about it when I saw it, I thought, what is the difference with this?
Well, they don't have to do anything.
They don't have to build anything.
They don't have to invest in a company or anything.
They just give $5 million to Washington.
And they have then superior rights to American citizens, which you would expect out of something like this from Trump.
They don't have to pay taxes on income that they get outside of the United States, which American citizens have to pay that.
And so he's giving them special privileges.
Isn't that interesting?
Isn't that disgusting?
This is like the plot to Lethal Weapon 2 or something with the South African guys.
Look, I'm for a moratorium on immigration, and I was just being silly, you know, buying your way in.
We don't need that.
If you want to attract companies, we would be laying the groundwork for deregulation, as you mentioned earlier in the show.
We'd be incentivizing production and investment and things like that because trust inspires that.
We're not doing that.
We need a complete moratorium on all immigration to have some breathing room to figure out what just happened because we've had an unprecedented amount of...
I don't care what people say.
The great waves of immigration never even touched the numbers that we've done post-immigration.
The Immigration Act of 1965, Teddy Kennedy, and even the post-Fall of the Berlin Wall, David, as you know, massive, the most heaviest immigration we've ever seen in this country by many, many factors.
You can go watch a presentation called Gumball Immigration if you want to learn more about that.
I'll just show you this year.
It's called Numbers, you know, the Numbers USA. Go check that out.
Now, I did like Gumball Rally, but I'm assuming that this would not be...
No.
That's another grift, you know.
It's all that stuff.
You're right, they're not going to invest.
It has nothing to do with that.
We desperately need investment and all the rest, but we're not setting the groundwork for that.
I just think it's so characteristic of everything that Trump and Lutnik do.
They're so focused on billionaires, and they really don't give a whip.
About everybody else.
It's a Make America Grift Again movement is really what this is truly about.
And we've got to get in more rich people.
Maybe he can offer them special benefits at Mar-a-Lago trial membership or something.
But it's not about us.
But it's always great having you on, Tony.
Love your innovative programs there at Wise Wolf, and thank you for sending up davidknight.gold to take people there.
Thank you for your support of the program.
And you're going to be talking more about this FDR gold scam coming up at the end of this program.
Tell people where they can find it.
Go to America Unplugged channel over on Rockfin or Rumble, and then on my X, it's at Tony Arterburn.
We'll be live there, so come find us.
That's great.
Thank you so much.
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.
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