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June 26, 2025 - The David Knight Show
47:15
INTERVIEW: Financial Markets Don’t React — They’ve Seen Trump Blink Before
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Welcome back, folks.
Joining me now is Tony Arderburn of Wise Wolf Gold.
He has, of course, set up DavidKnight.gold.
If you'd like to start accumulating some gold and silver, you can go through us, let Tony know that's where you're coming from.
And he has set up Wolfpack, where you can accumulate gold and silver, or gold or silver, on a monthly basis.
It's a subscription service, and he's got multiple tiers.
Thank you for joining us, Tony.
It's great to be back.
Good to see you.
It's fantastic to have you on.
I'm glad we got those tech issues worked out.
You're back on the full setup.
Isn't technology wonderful?
We're going to put our fate in the hands of robo-taxis because technology is so grand.
I forgot to update terms of service, so now I won't arrive safely to my destination.
Exactly.
You have to accept the end-user license agreement that says they won't be held responsible when this thing plows into an 18-wheeler.
The technocratic nightmare is just over the horizon.
It's alive and well in Austin.
Isn't it great?
That wonderful city we all know and love.
But as I was talking to you in the break, I said I want to talk about what's going on with the markets, what's going on with gold and silver, and as you pointed out, crude oil.
Because after Trump struck Iran, not much happened.
The markets kind of looked at it and went, eh, we'll see.
We'll wait.
We know Trump always chickens out, the whole taco meme.
Trump always chickens out.
He backs off.
He backs down.
And I want to get your opinion on that and see what you think is going to happen with all this.
Well, I thought it was a tragic mix of absolutely insane coupled with something comedy bizarre because, you know, leading up to the strike on Saturday, Trump was telling the people of Tehran to evacuate.
I mean, this is just unprecedented rhetoric from a president.
We've never seen this type of behavior before.
I mean, even in his previous administration, he even tweeted unconditional surrender.
I'm not sure he even knows what that means.
Like if you look at World War II, how catastrophic that policy Germans just decimated.
So I just throwing around those terms.
And of course, I looked at it and thought, well, maybe this is the bend in the river where you've seen the memes where he slowly morphs into George W. Bush.
I just thought, well, maybe this is where he's finally going to do the reveal.
And then the strike happened.
The interesting part about the markets, Travis, is the markets didn't shake at all.
Gold had a little bit of a bump, but they just kept going as if nothing really was.
I mean, it didn't hit another all-time high.
Silver just kept doing its thing.
It's continuing to reset with the gold and silver ratio.
It's around 90 ounces of silver make one ounce of gold today, but it's up.
It's like a 13-year high or more.
And it just didn't do anything.
I thought the most important metric, though, was crude oil.
It actually went down.
I was watching it in real time.
One of my good friends was in the Middle East, and I think it's still there right now, is working a deal.
He works for a major oil company.
And he was texting me and said, it's pretty tense here.
He was giving me a rundown of how it seems on the streets there.
I think he's in Saudi Arabia.
And at the same time, we're just talking about the price of crude.
And the headlines came out that Iran was going to close the Strait of Hormuz and then crude went down.
The markets have not taken this seriously.
And perhaps they know something.
I mean, we're all following the politics of it and have all of our frame of reference in history and what's happened to us before with the lead up of these unnecessary wars.
So it's hard to say.
But I definitely think we're, as far as the rhetoric's concerned, I think we've just with what's just happened, I think, has made us, the loss of credibility is palpable.
And I think that's, again, the market's going on its own.
I don't think the rhetoric from Trump is going to change much now.
Yeah, as you said, people have kind of come to realize that anything Trump does, he will double back on and reverse himself on within a few days.
He gets real fired up.
He talks a big game and shouts from the rooftops.
But very quickly, he moves on to the next topic, the next subject.
So they've stopped kind of reacting to it.
They've stopped acknowledging it.
Or it's just confirmation that the market is a fully controlled bubble and it just does whatever the power players want.
It's possibly that.
I mean, we're just waiting for a reaction.
It's like, am I going to trade?
You know, am I going to buy the dip or sell off at a certain point?
Well, if you, there wasn't much movement at all.
It's like it didn't actually happen.
And perhaps that's just the market not taking him seriously.
And that's, it's truly ridiculous because this is one of the most insane things that has happened in my lifetime.
This just strike on Iran, this unilateral, well, you know, bilateral, I suppose, between the USA and Israel strike where the sitting president just says, yeah, we're going to neutralize their nuclear program.
We're going to send bombers in.
And almost no reaction to it.
This potential for war, this insane policy.
And people just go, eh, well, you know, we'll see.
We'll see what happens.
And you mentioned the memes of him morphing into George W. Bush.
I keep expecting to see Dick Cheney pop out from somewhere and just like, hey, hey, here I am.
Right.
He's back.
Yeah.
It's like he never left.
Isn't it wonderful?
The more things change, the more they stay the same.
And Again, as you said, the most insane thing is that oil didn't react to this.
We get a massive amount of oil through the Strait of Hormuz, and the Middle East supplies just in general a massive amount of oil to countries around the world.
And just, well, you know, who knows?
It's not much movement at all, which is, to me, the most insane thing.
You would expect some fluctuations one way or the other.
That would be the normal standard reaction.
That would be what you expect.
You'd see the market either fly up or fly down, but it's just toodling along as if nothing happened.
Has it impacted Bitcoin at all?
Has anything been going on with crypto after this?
Well, Bitcoin, I think, weathered it pretty well.
Again, that's another indication that nothing much happened with the markets.
Bitcoin, I think, dipped down into like 101,000.
And I can check the spot price here in a sec.
We're still hovering in the 104, 105 range last time I checked.
So Bitcoin didn't really respond to this either, which is interesting.
You just brought up how much crude oil passes through the Strait of Hormuz.
I think it's like 26% of the world's oil supply or something like it, some crazy number.
And then, of course, the entire Middle East accounts for about that.
I mean, so it's like where you get the supply of the crude oil.
I've long since wondered, you know, when there's saber rattling, if you actually look at who benefits, it is Iran, like Iran, Saudi Arabia, because the price of crude goes up.
This didn't happen this time.
I mean, even when Iran was, you know, in the early 2000s or, you know, post-Iraq war, it was on the chopping block.
It just couldn't pull it off at the time.
But the neocon ran out of time, ran out the clock with George W. Bush leaving office.
So they really couldn't get that done.
But during that time, there was a ramp up in the price of crude oil that was always coming from Iran doing some saber rattling.
And I thought, watching that close, like the correlation between their president saying death to America and, you know, wiping Israel off the map and all that stuff.
And then you see the price of crude would bolster from that.
I don't know.
This is something different, Travis.
Whatever we're watching now is something different.
And I'm glad that you noticed the same metrics that I did.
It's like, hey, well, nothing moved here.
So, you know, and the strike and everything, and all the stuff subsequently afterwards looks scripted to me.
So perhaps we avoided this particular trap to get into a long, protracted, kinetic, unnecessary war.
But, you know, as far as markets are concerned, nothing happened.
Yeah.
We've got a question here from my dad.
And he says that, you know, of course, George W. Bush went out and said, mission accomplished in 2003.
He had that gigantic banner behind him.
He gave that speech, like, we've done it.
We won.
And then we were mired there for eight more years.
It just continued and dragged out.
Just how long after Mission Accomplished were you sent to Iraq?
Were you?
I was in Iraq during Mission Accomplished when he landed on that aircraft carrier.
As a matter of fact, the day he did that, I was sitting on top of a Humvee watching tracer fire go off and wondering who was shooting at who.
So it was a great victory.
I'm sure we didn't even know.
Yeah, I'll have to look at the date on that.
I'm pretty sure that that was the day he landed and said, oh, mission accomplished and all the rest.
But there was definitely violence.
That was just the beginning.
The mission accomplished banner was just the beginning of the war.
That's when everything really started to happen.
All those CIA assets flooding in from all over the Middle East and people with Syrian passports.
And matter of fact, the Musha Hedin from Afghanistan, our old friends that killed the Russians and that were in Afghanistan liberating them or whatever from the Taliban, they were there in northern Iraq as well.
So everybody came.
It was a big jamboree.
What was the, if you remember, what was kind of like the feeling on the ground when people like you, people who were enlisted, people who were there in country saw George W. Bush make that speech?
Did anyone kind of roll their eyes and go, ah, yeah, mission accomplished.
We really did it.
I feel like it's something I watched a documentary of Gore Vidal, who served in World War II in the Pacific, you know, and he always, he just kind of bitter about it.
He's like, because his best friend was a Marine that was killed in World War II in the Pacific as well.
And he said, I never heard anyone utter a patriotic thing the entire time I was in the war.
Like, you know, it was make fun of politics.
It just, it just really didn't get brought up that much.
It was, you were just focused on, because you're, you know, if you're the first in or your first wave of troops, I mean, you just got so much on your mind.
And there's no television.
So there's no television.
Maybe you could pick up some short wave, like listen to the BBC or whatever.
I had a little handheld radio.
I try to listen, but you're almost news blackout because all you got is the comms from Mission Command.
That's like all you got, those comms, and you get kind of fed, which is scary.
You get fed what's going on in the world.
You don't know.
For all you know, you're in the middle of World War III, too.
So, I mean, I don't know.
It was a, you know, looking back, I don't have to check the maybe the whistler can check on the date of when that was on when he landed on the aircraft carrier, but I want to say it was May, like the beginning of May.
Good old, you know, as the saying goes, you know, the poor men fight the war, the rich men start the war.
You know, all wars are banker wars.
People on the ground in a media blackout as they're dealing with, as you said, tracer fire, wondering who's shooting at who, as George Bush, you know, sits on his aircraft carrier with his giant banner behind him, we did it, mission accomplished, and then eight more years of pointless death and destruction, and just destroying the Iraqi infrastructure, killing so many of their people, and so many veterans coming home maimed and wounded.
It's absolutely disgusting.
They had a headline last week, you know, this war fever really showing me who people really are.
And that's what I saw last week.
And one of the headlines from Drudge was, and this is just going to stick with me forever.
They had this, I don't know who the guy is, but they had some general, four-star general, supposedly right behind trees in Trump's ear about getting into another war with Iran, wants it really bad.
And his name is Corrilla with a K. And they call him a jacked gorilla.
Okay, so he's this general.
And they started, I read a little bit of his biography, and he was a lieutenant colonel the time that I was in Iraq in Mosul.
And I thought, wow, great job, sir.
You did a magnificent job.
What a utopia you helped to construct.
And I started thinking of all the people that were murdered and the mayhem and the violence and the rise of ISIS that we created.
And then I just looked at the churches, these historical sites that were there, some of the earliest sites of Christendom that I stood in that are gone, that are obliterated.
And I thought, that's what you brought.
You know, that neocon class experiment, which really is just has a...
It's the genesis of neoconservatism is Marxism, which is, and the genesis of that is just Satanism.
So, I mean, really, it's not, if you're a Republican voting for neocons and that's like, cause you love foreign policy hawks, you're just like a click away from Satan.
Like, that's not, it's who those people are.
There's a spirit in it of revolution, like the French Revolution or the Jacobins or the Bolsheviks.
It's that same, it's that same thing.
It's that same embryo.
And I really see that in the spirit of even last week.
It's scary to watch when people lose all reason.
And these armchair warriors, whatever animates these, it's a, and I told my audience, I said, you don't want any part of this, whatever it is, it's a darkness in it.
Stay away.
Don't connect yourself spiritually to whatever this thing is.
And we'll see.
Nothing, I was relieved that I'm not talking about something different this week.
You know, there's not any further escalations.
But, you know, you can't always write that stuff off and say, well, nothing happened.
Well, that's probably a lot of the way it looked in, you know, the summer of 1914.
And it's like, well, you know, the Archduke Ferdinand is murdered and, you know, Austria-Hungary is going to do something.
But yeah, well, the Habsburgs or whatever, what are they going to do?
You know, it has a way.
War has a way, kind of like Jurassic Park, where, you know, life finds a way.
A war finds a way a lot of the time.
Yeah, it's, as you said, it's easy to say, oh, well, nothing happened.
But it's also important to realize that it sometimes takes a long time for these giant ships of state to really kick things into gear.
You generally, you know, you can launch a missile strike fairly rapidly.
They can be over there and back quickly.
But to get the ball rolling on sending troops out and invasion, that's a longer process.
Even with today's, you know, faster troop transports and the technology we have, it still takes a lot longer to mobilize infantry and to get boots on the ground.
So just because things haven't happened yet doesn't mean they aren't prepping things in the background.
They aren't still preparing for something like that.
So like this could just be the first initial, like you said, 1914.
Oh, well, you know, the Archduke got shot, but nothing's happened yet.
So we're all good here.
But we don't know that for certain.
And I know you briefly mentioned the Mujahideen coming in from Afghanistan.
And it just reminds me of the way the propaganda works.
I don't remember which movie it was.
I believe it was one of the Rambo movies.
Opens up or closes with a shot of a desert.
And overlaid on top of it is this film is dedicated to the brave Mujahideen fighters.
Because at that time, they were our allies.
They were our friends.
We had been supporting them.
We'd been giving them money and arms and weapons to fight Russia.
And over time, they had to take that out.
They cut it out of the movie because eventually, oh, well, they're not our friends anymore because America will use and discard anyone, any of these little groups that they use to torment another nation.
You know, these proxy warriors for us will eventually become our enemies.
You know, there are playthings, and we love to set them up to harass others, and then we get to come in and fight them later ourselves.
And it's just, it's funny to me that how quickly they can change the propaganda, even when it's so obvious in your face.
They were our friends, they were our allies, and then immediately, oh, the Mujahideen are bad, the Taliban.
It's just, we have been involved in the Middle East for so long and we have caused so much chaos there.
And yet the average American has no idea about it.
They see this and it's like, oh, well, they're our enemy.
They hate us.
It's like, have you ever wondered why they hate us potentially?
Have you given it any more thought than just, oh, well, they're hateful people, right?
They dislike us for our, they hate us for our freedoms.
That's my favorite.
What freedom would that be?
Would be the freedom to drop bombs on them at any given moment, the freedom to invade their countries and take their oil and destroy their infrastructure, depose their leaders.
It's another one of those things.
Like Saddam Hussein was a terrible human being.
He was a bad man.
His sons were evil and wicked.
But was it worth it to depose him when we caused devastation, when we killed so many innocent civilians?
I don't think any Iraqi would say it was worth it.
I haven't taken a Survey, but I don't imagine.
I imagine that if we could go back and say, all right, you've got the option.
America never invades, but you keep Saddam Hussein.
I imagine they would take that trade 10 times out of 10, 100 times out of 100.
They go, absolutely, it's worth it.
Yeah, do you know the number of suicide bombings that went on in Iraq prior to the U.S. invasion and its history?
I do not.
Zero.
And that's with Saddam Hussein killed a million Iranians.
So there wasn't one jihad against him.
Isn't that interesting?
Like, we supplied him with weapons and other things in support.
There's that famous picture of Rumsfeld going shaking hands with Saddam.
They showed it to him live on CNN, I think.
And he was like, where did you get that?
Isn't that interesting?
Yeah, he was our friend.
And so was Qaddafi.
And so was Tim Osman, which is Osama bin Laden.
So was the Assad family going back into the Cold War.
They were all our friends.
And we throw our friends under the bus when they're no longer...
They become the boogeyman.
I watched that.
That was Rambo 3.
And that was late 80s.
And I watched that in theaters with my dad.
I think I was probably about eight years old or nine years old.
It was late 80s.
And I didn't know that they took that out of the film.
That's sad, you know, because they worked with the Afghans on the border there in Pakistan and filmed that during the Soviet occupation.
It's like an historical little piece of film that's that you should look at the Soviet occupation of Afghanistan as a failed experiment and what came of it.
You know, we assisted the Afghans in Stinger missiles and other things and weaponry and intelligence and training.
And I actually worked with, I met a couple of different special operators when I was in Afghanistan.
Of course, we were the first Army company on the ground after 9-11.
So actually the end of 2001, I was on the ground.
And one of the National Guardsmen was North Carolina National Guard, just this old guy.
They called him old man, but he'd been a Navy SEAL in the 80s.
And he was like, yeah, I was here in 86.
You know, he's just, you know, during the Soviet occupation, like fighting, you know, helping the Musha Hudin, which means holy warriors on the ground, you know, the enemy of my enemy is my friend.
And I don't, I think looking back on it, it's like, well, you know, that really isn't my enemy either.
You know, it's like we created this thing with the Musha Hedin and these people in the Middle East, but I don't have a fight with them.
You know, you tend not to get shot at by them if you're not in their country trying to occupy it.
You tend to be okay.
I mean, that is not to say there's not, you know, there is international terrorism, but mostly it's funded by intelligence agencies, as we've come to find out, unfortunately.
It's not, the world isn't as it seems.
And I'm honestly, Travis, I'm amazed, and I think we've been blessed with this.
The amount of blowback that we didn't receive from doing the just this.
And if you've seen what I've seen on the ground, you know, this is not like these people that think this stuff up, you know, in a think tank.
They have more experience in a think tank than an Abrams tank.
I can tell you that if you go and look at the consequences of their experiment, it's horrifying.
And the mere fact that we've escaped to the last 20 plus years with less, the blowback should have been disproportional.
So we're blessed because of that.
It is someone who's like you who's been on the ground, the average American people like me who've never been over there, we don't have any frame of reference.
We don't understand what Iraq was like before and after.
We don't get to see the carnage and the devastation.
We're fed these clips on places like CNN or Fox News where we see a gunship raining down very precise fire on a specific enemy encampment.
We're shown that it's a very precise tactical.
We're not endangering civilians.
We're taking out these dangerous terrorists.
But the truth is war always has collateral damage.
You don't occupy a country for nearly a decade without harming the civilian population.
And we sort of have this idea that everything we did was beneficial, that we brought democracy to the Middle East.
Isn't it wonderful?
We helped these people.
And I find it sickening that the American population is so cavalier about war.
You know, it's horrible for the countries that we invade.
We have caused millions to billions of dollars in damages.
And that's not even looking at the loss of life.
And even if you're just going to be, you know, despicable about it and say, well, I don't care about the loss of life when it comes to Iraqis.
I don't care how many of them we kill.
I don't care if they're innocent civilians.
I don't care if they're terrorists or whatever.
You can look at the people, the men and women who came back, who have been maimed or killed, or the number people we've lost.
And you should at least care about that as an American.
And it's just, it has been a drain on us financially.
It has been a drain on us spiritually.
It has been truly disheartening to see the number of people that are in comment sections saying, blessings to Israel, praying for Israel after they struck Iran.
I found on YouTube a live stream of some Israeli reporters, and the comment section was just flooded with American Zionists saying, you know, God will bless Israel.
God bless Israel.
I'm praying for Israel.
It's just the utter lack of care for the Iranian civilians, the people who were attacked, the people who suffered the Strike.
The entire comment section was flooded with nothing but people saying that, oh, we unconditionally support Israel.
No matter what they do, we support Israel.
And it's just so incredibly sad to see.
It is heartbreaking that they have such little care for anyone in the Middle East other than Israel.
And if Israel wants to steamroll the entire place, they're fine with it.
And as you said, you were there and you saw these beautiful old churches, these wonderful places that have now been destroyed.
Because I know after the American invasion and occupation, the sentiment towards Christians was not, it dramatically dropped.
They started to hate Christianity and Christians more because they saw that as the religion of the people who were destroying their country.
And we've seen that in Syria now.
After Assad has left power, the attacks on Christians have escalated.
They have, once again, started to attack Christians more frequently.
And I played a clip from Charlie Kirk yesterday, the day before, where he's talking about, you know, I support Israel because when I went there, I saw the Holy Land and I saw all these beautiful, wonderful places that Jesus walked.
It's just, for one, that's, you know, you're close to God wherever you are.
You don't need to be in Israel.
You don't need to walk in a place Jesus may have walked to be close to him.
He's there with you.
But also, there are beautiful, wonderful pieces of history and old churches in all of these countries, in Iran or Iraq or Afghanistan.
They're scattered all over the Middle East.
But they don't care about those.
They don't care about preserving that history.
And it's just, it's so disheartening to see.
It is.
I think we've lost the opportunity, I think, as Christians to bring people to Christ because of this fruit of a poisonous tree, which is Christian Zionism.
I think that it's something that turned me off when I got back from my wars and I'd go to the church.
I hear people talk about turning the places I just left.
Like, we've got to turn it into a parking lot, just hit them with, you know.
And I'm like, you're going to church.
You're supposedly trying to commune with God and his son.
And, you know, that's the Prince of Peace.
Where do you get this ideology?
And if you look at somebody like John Hagee's church in San Antonio, they wave the Israeli flag.
And it's very idolatrous.
I caught onto it, I think, as a young man, just I thought that was incongruent.
I didn't understand it.
And the more that I understood geopolitics and Middle Eastern foreign policy, I started to, oh, I think I understand this better now.
It's mid-20s.
I think I got it.
But it really turned me off from modern Christianity in at least organized way.
And I had to find people like James Perloff, who wrote Truth is a Lonely Warrior, like, tell me this history.
Like, what is the Schofield Bible?
And why did it, who was John Darby?
You know, what is the concept of the rapture?
Where did that come from?
You know, it's kind of like QAnon for the 19th century.
And you get this kind of this mixture.
It's very kind of it's occultic.
And then they get this mixture of things where it's based off of a physical place and political Zionism, which is creating its political, right?
And it's like your dad says, what happens when you mix politics and religion?
You get politics.
And that's what it is.
It's just political.
It's not, you know, and you have all these groups that will silence you and say you're anti-Semitic if you even bring it up.
I mean, I think we're a long way from that.
The good news is, is that the Charlie Kirks of the world and the Ben Shapiros, they hit a high watermark a while ago.
And yeah, I know that the majority of people like MAGA started looking around this last week.
I think maybe become a little bit more self-aware and was like, so we don't have a say in this?
Like this strike?
And no, you don't because you're just window dressing.
You're just used.
You're a tool to get to where, you know, these people, they kind of think the same, don't they, at the top?
It's all the same.
They have the same kind of, they answer to the same handlers and the same people and the same donors, you know, the Sheldon Adelsons of the world who give Trump so much.
And, you know, Netanyahu plays but Netanyahu's first call, by the way, in 2020, the first world leader to congratulate Joe Biden, even why there was question marks hung over everything, was Benjamin Netanyahu.
He made sure to do that, to be the first world leader to call.
And I thought that was because all that, you know, Trump does for Israel.
And it's a thankless expectation.
You're just supposed to do it.
But it is interesting to watch them trying to walk that back.
And I'm glad that these kind of events happen because it does continue to fracture whatever that is.
Like, you know, if you're, you know, this, if you get into conservative commentary, if you're on the so-called right, one of the first things that you get big enough, one of the first things they do, they fly to Israel.
And they want to make sure you're with them.
And you get the news.
Are you going to make sure that you're going to preach about Iran can't be allowed to get a nuclear weapon?
And we have to defend Israel at all costs.
And this is part of the, like, that's the basis of modern conservatism is a Middle Eastern foreign policy-centered system.
Look at Ted Cruz.
Wasn't that wonderful?
Like watching him get dismantled by Tucker Carlton.
One of the most beautiful things I've seen in a long, long time because I've waited for so long because in Texas, that's the way it is.
You know, I always knew, and look what Ted said.
He said, when I was running for United States Senate, I just, my goal was to be the number one advocate for Israel in the United States Senate.
That was his goal as a senator.
And that's where I come from.
And I find that to be just so, like it just, it's a thorn in my mind.
Like I can't get over it.
Like I can't look at the rest of what they want because they're just so fixated on this thing.
But the good news is, is that events like the last week or two have shown where loyalties lie, and I think that it's also showing that the future of constitutional right-centered politics will be it will jettison that.
It just won't be tomorrow, it's happening.
It's happening slow.
The younger generation is going, what?
What do I have to do for this foreign nation?
I don't get that.
Yeah.
And I think that's a good thing that we lose it.
You can't have a truly conservative right-wing party if they are beholden to Israel and we are going to continually go to war or bully and abuse these other countries.
Because a conservative right-wing policy would be, we'll defend ourselves if we're attacked, but we do not go abroad seeking monsters to destroy, not at anyone's behest.
And until, as you said, we jettison this foreign influence, we'll never have that.
It's not possible.
We've talked a lot about what's going on in the Middle East, but I want to get briefly into BIS and how they're claiming that stablecoins are failing.
And, you know, they're calling for strict limits on their role.
So what do you think is going on there?
Well, I think it's the same thing with the IMF.
And I think there's a little bit of an in-fighting competition on who's going to control these digitized settlement systems.
That's my opinion.
I mean, I look at the BIS wants to be the clearinghouse for digitized tokens and world currency, if you will.
I think that's what they've been signaling for a long time.
As a matter of fact, you know, you look at the headlines and the BIS was working closely with the BRICS nations.
And Andy Sheckman asked the question, he goes, wait a minute, isn't the BIS, isn't that a Western institution?
It's just international.
It just morphs.
It does what it does.
He goes, it was created just prior, the BIS, the Bank of International Settlements in Basel, Switzerland, was created just prior to FDR making it illegal for you to own gold as an American citizen before he signed that executive order.
It was created in the 1920s.
And then that gold was repatriated.
A big chunk of that gold, the Americans gave up.
And thankfully, a big chunk of them didn't.
But a giant share of it went to the BIS.
And that's kind of a little side note to history.
That's where it was supposed to go.
International banking cartels and use these institutions like, you know, I think there's this infighting.
You know, the IMF International Monetary Fund was born out of Breton Woods in 1944.
And so was the World Bank.
And I think they have the uni coin, and I think they seek to create their own system of blockchain or digitized stuff.
But it's interesting that you brought that headline up, and I'd read that.
But I think this is all about really who controls the keys to what coins.
And the stable coin market, I think, is still something to watch as kind of the backbone or the back door for the technocratic version of central bank digital currency, CBDC.
And we've got another headline here.
I want to get your opinion on before you have to jump out of here.
I know we're going to go a little bit over if that's all right with you.
Oh, it's okay.
Fantastic.
Strategies, Michael Saylor raises Bitcoin forecasts to $21 million by 2146.
How would that even happen?
How is there enough wealth capital to support that kind of jump in price?
$21 million for Bitcoin.
What do you see happening there?
What do you think?
Do you think that's even possible?
I do think it's possible.
I think that he's continued to be extremely bullish.
I mean, this is a guy who's put everything on the table with, if you look at his strategy now, but formerly MicroStrategy.
He's the first publicly traded Bitcoin treasury company.
So he's putting up offerings, taking the capital, and then housing Bitcoin.
And this company strategy is performed.
I mean, just like it's a massive success.
So you have all these other copycats that are going on right now becoming Bitcoin treasury companies.
I think that it's possible.
And the reason I say that is because if you look at the supposed wealth of the world or whatever it's supposed to be like 400 trillion or something like that, I mean, who really knows what the actual number is?
Because a great deal of that is just currency and things that are redundant or bonds and other things.
But it's hundreds of trillions.
And Bitcoin has a market cap of $2 trillion.
Gold has a market cap of 20 trillion or whatever it was.
I think that what you look at is market caps and it's like a collision, Travis.
There was a tweet up on Gold Telegraph I was looking at earlier this morning for research.
This collision between infinite fiat currency and finite precious metals and commodities is one thing.
And then we know, like with Bitcoin, this digitized system, absolute scarcity with absolute numbers.
Like we know to the last transaction how many Bitcoin there are or ever will be.
And I think that is something when these two things collide, which this space and time, which we're, you know, 50 plus years out of 54 years from Nixon taking us off the gold standard, it really is interesting, you know, to put these kind of metrics on, well, what's the price of X going to be?
It may not even matter.
You know, that's the thing.
We are always pricing things in dollars because we have a stationary idea in our mind of what a dollar is worth.
But if you look at the debasement of the dollar, it's kind of like, well, it's the mere fact that, you know, look at silver.
I mean, silver is something I just, I'm amazed by it.
It's like $36.40 an ounce on spot trade today when, you know, it's nowhere near its all-time high of 45 years ago against a dollar that's been totally destroyed since for the last 45 years.
The debasement and purchasing power of the U.S. dollar has been catastrophic.
So I think all bets are off on these numbers.
I'm not sure what that means, but Saylor could be right.
And let's say he's half right.
It's still an amazing number in 21 years, if that's the case.
I think Bitcoin, if you just look at its potential, it has a lot of upside.
But that's if things stay as they are.
We just don't know.
I mean, it's a new technology.
I definitely have a stake in it.
But, you know, my primary business is always going to be precious metals because of its history.
It has a longer history and I see it differently.
I see metals differently than I do Bitcoin, although they do have similar functions.
Absolutely.
And got one more question.
And we've also got a question from a fan here.
I want to make sure, or from a listener, that we get to.
It says, can you ask Tony, please ask him if he found any old pennies for the Wolf Club packages or if he's going to put some in all Wolf Pack packages?
That's the plan.
We are going to do some...
It's mostly wheat pennies and such.
We'll start, I think we'll just do those for free in the Wolf Cubs.
And I'm going to work on the newsletter.
We've been so busy and it's been such a marketing and everything else.
It's just tough.
We're at this level where I'm like, I can just, I can see growth on the other side and I got to support my team.
So I haven't done a lot of the stuff that I've wanted to do, but we definitely are going to put the pennies in the cubbies.
I think that's a good idea.
And little histories on coins.
That sounds awesome.
That sounds like a lot of fun.
Maybe once our son gets a little bit older, we'll start investing in some of that for him.
Make sure once he's old enough to not try to choke himself on the coins.
That's the reason we did that was the cubs was just an educational thing.
And you save up over time.
Those $35 add up.
Absolutely.
Not a bad thing to have.
Yeah, we've got one more question I want to ask you.
Germany is wanting its gold repatriated from the United States.
It's like, I don't know if we want to keep it here with you guys.
What do you think about that?
What's going on with that?
And do you think we'll be seeing this more in the future?
Are more countries going to start scratching their head and saying, actually, maybe we'll hold our own gold?
Yes.
Because at the foundation of the last economic world order was trust.
And we have eroded the trust.
And we continue to do that.
And it's not just Trump.
I mean, you have the Biden administration, every other administration eroding trust with sanctions.
You know, it's like, why is gold making a comeback as the world's reserve currency?
Why did it surpass the Euro as the second most held reserve asset by central banks?
It's because you can't sanction it, especially if you hold it.
If there's no counterparty risk, if you hold, as a country, you hold your gold, then you've got a leg up on what kind of sanctions are you going to get?
It's hard to do that.
It's harder to do that.
You're not in this currency system where things can be shut down.
So yes, I think this is a growing trend.
I think this gold will be repatriated all over the world.
The Shanghai Gold Exchange is setting up satellite offices and satellite exchanges all over the world to settle in physical gold.
I think just the writing on the wall in general for everything is going back to something that is a more stable bimetallic standard of some kind, especially gold, because it's a monetary metal.
And the countries that have long since relied on the dollar system, we've shown that you can't do that.
We look insane.
I mean, you're telling people to evacuate Tehran.
I mean, seriously, that happened, and that's not a – I thought, well, that's insane.
Yes, we've proven over and over again that we're not trustworthy.
Even I was talking about it yesterday.
Even if Iran were to comply with everything that we're saying, even if they were to unilaterally, unconditionally surrender, they have seen what we did with Iraq, that it lies about WMDs that didn't exist or the babies in the incubators.
They have seen over and over again that America will lie itself into a war.
They have no reason to trust us.
No country does at this point.
And so whether it's surrendering or repatriating your gold, people can look at it and say, I don't trust them to hold to their word.
I don't trust them at all.
Well, we're a bit over time.
We've gone 10 minutes longer.
And I know you've got a lot of stuff on your plate, Tony.
As you said, you're dealing with trying to grow the business and all the other stuff you have on your plate.
Is your show going to be coming up today?
Will you be doing that?
I will be live on my ex, Tony Arterburn on the America Unplugged channel over on Rumble and my YouTube.
I got a YouTube up.
If you can believe that.
Wow.
We'll see how long it lasts at Tony Arterburn on YouTube.
So yeah, come join me.
I'll be live in 50 minutes.
Fantastic.
We'll do an hour on parapolitics and precious metals.
It'll be fun.
Fantastic.
So join Tony there.
We'll do our best to remember to send our viewers over.
Rumble introduced a raid function So, we can just pass the viewers over to your channel once we're done.
So, we'll do that.
And again, thank you, Tony, for everything that you do.
Thank you.
And again, people, he has set up davidknight.gold.
So, if you want to start investing in gold and silver, you can go through us to Tony and start getting and accumulating your own little reserve of it.
So, thank you again, Tony, and we appreciate having you on.
Appreciate your insight on all these things.
You too, sir.
Thanks for having me.
Thank you.
We're going to take a quick break, folks, and we will be right back.
We'll be right back.
The common man.
They created common core to dumb down our children.
They created common past to track and control us.
Their commons project to make sure the commoners own nothing.
And the communist future.
They see the common man as simple, unsophisticated, ordinary.
But each of us has worth and dignity, created in the image of God.
That is what we have in common.
That is what they want to take away.
Their most powerful weapons are isolation, deception, intimidation.
They desire to know everything about us while they hide everything from us.
It's time to turn that around and expose what they want to hide.
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