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Sept. 25, 2025 - The David Knight Show
41:50
Gold Always Wins, Fiat Always Goes To Zero
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Joining us now is uh Tony Arteman and uh we're gonna talk a little bit about the Shanghai Gold Exchange and what's happening last time you were on, Tony, you talked about the Hong Kong gold exchange, I think.
And um so China is making a huge move to accumulate gold.
That's been one of the many driving factors.
I mean, we have we're into record territory we've passed in terms of real terms when gold shot up to eight hundred dollars an ounce.
But it's because there are so many different things that are driving it simultaneously.
And one of those is as you've been talking about for the longest time, the push by a lot of central banks to accumulate gold, but nobody is pushing it like China.
As a matter of fact, um they're trying to de westernize the global bullion market, says uh Zero Hedge.
Uh London and New York have been places where gold has been stored in the past.
China's trying to place that with Shanghai, perhaps Hong Kong as well.
Uh what's your take on that?
I thought the story last week about uh the Hong Kong play was really important because we already have the Shanghai gold exchange, and it it just highlights the the move that China's making, as well as the BRICS nations to make the move of of commodity pricing eastward.
There's another headline up that's up on Zero Hedge, and then just uh I mean really putting some emphasis on what's going on with the West, and Canada has no gold reserves, David.
Did you know that?
I didn't know zero gold reserves.
And uh well that but they've got a central banker as uh as uh their prime minister or whatever, so I guess they're covered, right?
You don't need gold if you got a central banker.
I think that's uh that's a key indicator of of where we're headed uh in this in this decade and especially in this century is that everything is flowing out of the hands of of the West.
And they had an interview with with Ray Dalio, and he was talking about you know the the juxtaposition of 1945 when the un United States had about eighty percent of the world's money.
You know, we were about five percent of the world's population, about fifty percent or more of the wealth, and then that's completely dissipated and uh it's flowing eastward and is being decentralized uh out of our hands for sure.
So dollar domination is is really uh I think in in this timeline uh is real in danger of of losing uh more and more market share.
Yes.
Uh Zero Hedge had a headline said nobody is hedged for the real gold panic.
That hasn't even started yet.
No.
No, I don't I don't think it has.
Matter of fact, it's interesting.
I've every day I start calculating the uh the ratios, and not only the the gold to silver ratios, but the bitcoin to gold ratios.
And uh Bitcoin has slipped a little bit um off of uh I think AI expansion and other things that have happened since the rate cut, and that's probably temporary.
But it went from 31 uh ounces of gold to make one big coin to about 29.
And so that slipped a little bit, but the the real metric to watch is the gold to silver ratio.
That's starting to uh come back to normal or at least somewhat normal levels.
I mean, we got up to past a hundred ounces of silver to make one ounce of gold, not too long ago when it was thirty-five dollars an ounce for gold and thirty-five hundred dollars an ounce or thirty five hundred dollars an ounce in gold and thirty-five dollars an ounce for silver, David.
And uh now we're at eighty-three to one because uh silver passed the forty-four dollar mark.
Wow.
Wow.
Yeah, it truly is amazing.
We we're hitting one all-time high after the other.
But as I said, there's a lot of different reasons, uh especially for us as individuals.
I mean, look at the rise of stable coin.
Uh there was an article from Zero Hedge talking about a hundred billion dollar a year battle that is shaping up between credit cards and stable coins.
But I guess though really a stable coin would be more like a debit card.
You know, you it lets you pay for things instantaneously.
But um we live in a credit card society, don't we, where people are borrowing from the future.
So I don't know really how much of that is really going to be um over the credit cards versus that.
I think you you see the the credit card companies are merging with the stable coin companies as Visa merged with the biometric uh company they want to be there for the uh for the for the um uh surveillance so I imagine you know they could process a transaction and still put it on a credit card account for you and charge you 30 or 40 percent interest as long as we're gonna continue to allow that to happen.
Yeah.
I think what makes the stable coin battle between uh credit card processing and stable coins is is the fees it's merchant fees.
Mm-hmm.
I think that'll be their selling point.
As a matter of fact I I saw it was I think a Coinbase commercial about a year ago and it was highlighting how small business could you know open up a Coinbase account and if they were if they took crypto that their fees would be lower than if they just took credit cards.
Which I thought it was interesting.
And then if you enter in stable coins now I I've been looking into stable coins because I thought well if you're gonna deal if you're gonna have uh Bitcoin or something you should have stable coins.
That's a whole other like to actually deal in stable coins is a lot harder to to deal in than it is Bitcoin.
At least right now you have to go through a third party which I think that's probably how it's going to be it's not going to be it's gonna be the third parties that are connected to Trump like uh Lutnik and others.
Yeah.
Right.
It'll be something else.
So the it's not you know uh meet the the new boss same as the old boss it's uh probably the lot of the same entities or interest except it's a different vehicle and they can uh be competitive because for the longest time you know the hidden cost of credit card fees and I know this from being in the gasoline business my entire life and uh you know three percent at the pump and how that looks on your balance sheet when you're selling gasoline at the retail level that the credit card companies make more than the retailer most of the time.
You know if it's that's right over three dollars a gallon that's nine cents a gallon that and the retailer usually makes about a nickel.
So that's right.
Um that'll be a interesting I think all the the infrastructure that's being put in right now with stable coins you and I both know that it's not for it's not to save the merchant it's not to save the retailer or the the operator fees or anything like that.
It's another transfer as well.
Oh, yeah.
Yeah.
But I imagine people, a lot of retailers would give it a chance because it is a really expensive thing to take credit cards.
I remember when we had our retail stores, video stores, it was such a big bite that I said, well, we have the ability to, you know, with the system that I had written, we had the ability if somebody had late fees that they'd accrued because they turned something in late.
You know, we could have balances on a customer's account so they could pay it off later.
So we tried it as an experiment.
It was a very short experiment because what happened was we said, well, if you're going to use a credit card for the small amount, let's just defer it.
Next time you come in, you can pay it, you know, with a check or a cash.
cash or something like that and it it that did not work because people wanted to use credit cards and we as a store didn't have any club over them in terms of if they don't pay the bill they're not going to get a hit on their credit rating and that type of thing.
So we had to stop that very quickly.
But um it is really a high fee.
And as we look at the banks and you're talking about how stablecoin is set up centrally controlled, just like a central bank except that uh it's a crony system.
Uh they have a way that they are going to know their customer and all the rest of these so-called anti-money laundering laws that are out there.
Vietnam is showing the pattern talked about this last week I think they just immediately closed 86 million bank accounts uh because people did not sign in and give them their biometric data.
And it's like okay well if you we don't have your biometric data we're closing your account right now.
I think we could see that type of thing happening in the West.
That's the way that they're going to roll this thing out.
Do we lose you?
Yeah I think unfortunately that's that's the future especially as everything continues to get more and more digitized.
Yeah that's right.
They're gonna force our hands coming through okay David?
Yeah you're coming through now yes.
So um I I think that's the direction that they're going to go without a doubt.
And I think that's why there's as an individual we're looking not only at the general economy and at the price of gold but we're also looking at the control that's coming through with all this the World Economic Forum has got a plan to overhaul the global financial system by monetizing nature, don't they?
This is an article from LifeSite.
And we've talked about this before how uh Bessant as well as Lutnik, as well as Bergum, who Trump put ahead and as head of the Interior Department has all the different parks and public lands in it.
They've talked about how, yeah, we need to monetize and put to work our natural resources.
And so I think that they will monetize nature.
They'll come up with some kind of derivative system to do that.
And uh that's one of the ways that we will wind up owning nothing, and they will have everything.
Uh people like Larry Fink at BlackRock and uh Hoffman and others, uh, that's exactly what the World Economic Forum wants, isn't it?
Well, unfortunately, I think this is a natural outcropping of what happens when you have fiat currency.
When you demonetize your currency, you monetize everything else.
And they're looking for value in everything.
It's that's the reason a civilization is built on sound money.
When that's the that's the whole point of having a medium of exchange, and if you lose that, then there's chaos, and then you go back to I mean, you're in a sense a bartering economy, but there's you find value in everything else.
It's the reason why we have such a massive uh housing bubble.
It's why we have a debt crisis, a debt of debt time bomb around the world.
It's having to borrow against assets and everything to outpace the loss of purchasing power in the currencies.
And the reason why you're seeing it.
Yeah, that's a good point.
You gotta have some pretense that your fiat currency is linked to something that's real.
I mean, first with first Bretton Woods it was gold, and then with the second one, they made it with oil or with energy, right?
And so now what's left, you know, they're going to monetize it with the real estate that's here in the United States, and that may very well be what they're going to do.
They'll monetize everything.
And it'll be it's still a fiat currency.
Then I if even if we move to a digitized system, uh like a stable coin back system, it's still going to be based off of uh ethereal, you know, uh blue sky.
It's gonna be based off of nothing.
It's gonna be based off of GDP and economic growth and all the rest of that.
That unfortunately we're seeing the the end game here where you the you can't inflate your way out, you can't print your way out of economic downturns.
And a lot of the things the metrics are going backwards used to when you l lower interest rates and there would be sell-offs and precious metals because people would be taking uh you know getting liquid in positions to buy into the market.
Now you're just seeing gold just continue to go up.
It is every time I come on the show, it's breaking its another all-time high.
Yeah.
Uh I think silver is about to do the same thing, and I don't want to, you know, give investment advice, but I'm looking at silver having a big breakout here in uh probably this this year, going into the final quarter of 2025.
And uh as of right now, I'm stockpiling.
If I if I can get silver and keep it, I'm holding it.
If I can financially afford to keep it on the books, I'm doing that because I think there's going to be a squeeze, even with uh the amount that's being sold right now is really interesting.
Buyers aren't necessarily there, but the price keeps going up.
So you have to take it to the wholesalers, and I just don't like that game.
I think there's something inherently wrong with the price rising and retail has slowed down.
And we still have you know, the smaller buyers are there, but not like they used to be, where the people are buying big chunks at a time on the retail level.
I'm watching that very closely because those two things don't go together.
The retail slowing down and the price going up.
That means institutions and governments are buying, and uh they're signaling something I think that we need to pay attention to.
Yeah, they've been heavily manipulating silver as we said before, you know, it was just a few months ago.
I remember uh seeing a YouTube video.
It was somebody sent it to me as a listener and said, Look at this.
And it was uh a small show of precious metals, and the guys that were there that were dealers, you know, the guy went around and talked to them.
He said, Yeah, uh everybody uh wants to sell silver, but they're not buying it.
So look at the ratio here, uh how low silver is.
It's a great deal, and so we're buying all that we can.
But the retail people are not for whatever reason they're selling their silver instead of buying it.
So there's a lot of manipulation going on for that for quite some time.
Um we got the sh the shop in in Denison uh yesterday in Texas my my uh my old my old new bank the the branch bank that I took over I'll have to send you some pictures of the signage it's uh a little bit of an experiment where wise wolf gold silver bitcoin and I rebranded it I even have the I'll have the drive through uh operational probably be sometime by the end of the year but I was there just working the counter for my son and I from uh from eleven a to one p.m and
And I did six transactions buying silver bullion.
And that was all I bought.
It was a silver bullion.
There wasn't any gold.
It was six transactions of different silver bullion buys and probably about $5,000 worth or more.
But that's just kind of indicative of the steady pace.
So the retail trade is still selling it when they're buying it then?
Yeah, well, the public is selling to me.
And then I'm having to figure out how am I going to either get it to the trading house and make a small margin and liquidate it off my books, find a way to keep it on inventory and sell it out slowly.
It's a very strange position to be in because I love silver.
I think it's a bargain right now.
It's hard to always keep it on your books with cash flow, as you know from small business, David.
You can't just continue to accumulate inventory and survive.
So I have to make that decision, but I still think I'm buying it it cheap and the reason is is from what you mentioned you know with the the repricing of everything I don't think that we've factored in the true destruction of the dollar the dollar's lost forty percent of its purchasing price compared to gold in the last year alone.
Yeah that's right it's amazing just in the last 12 months yeah yeah and silver went from uh what was the last year David about 29 dollars at this time somewhere in there and now we're at 44 dollars and climbing I I think that's in direct correlation to the loss of purchasing power in the dollar and where we're headed with the repricing of commodities.
So yeah it's uh eventually and I think you know there was an article up on Zero Hedge about the FOMO.
I mean I think a lot of people are gonna look back and and think this was this was the time and they you know ended up not being able to buy uh unfortunately I think silver is going to surprise everyone because it's been lying in weight for 45 years.
And everybody's been waiting for Silverwood to do its thing since 1980.
And you mentioned earlier, adjusted for inflation, you're absolutely right.
So in 1979, gold went, or the end of 79 and 80, gold went to over $800 an ounce.
So it went from $35 an ounce in 1971 to over $800 an ounce in the end of 1979.
And that was based off of, it seemed to be that the Fed and the Treasury's goal of, you know, whip inflation now and all the rest of that didn't happen.
And people were just, and gold doubled from first quarter of 79 all the way down to the end.
And then there was some easing.
You know, Paul Volcker raised interest rates to the teens, and we've discussed this many times.
So there was a contraction in the money supply, and eventually there was a, you know, an easing of perceived inflation.
So silver took, you know, went down from $52 an ounce down to, gosh, you know, almost nothing.
And then gold went from $800 an ounce down to about $300.
So you're right, pricing for inflation, if you looked at $800 an ounce gold in 79, we just crossed that line.
So that priced into inflation, $35, I think $3,600 an ounce or something like that, is about the adjusted for inflation mark of where we were in 79 with, $800 an ounce gold but we've not even gotten close with silver if I said many times you know $52 an ounce in $80 was like $300 today in purchasing power.
Yeah that's as that's an estimation.
So I think we got a lot of room to run and uh all commodities I mean look at what's happening with platinum palladium.
Palladium's up I think uh 500% over the past uh uh many like five years I think it's uh real actually I got Mr. Yeah Mr. Prom uh 1011 says silver is up five dollars per ounce just in September and he says thank you mist thank you Tony so uh appreciate that.
And um again, you know, we go back and we look at the inflation that was happening in the 70s.
You mentioned it, you know, the whip inflation now, the little win buttons that uh Gerald Ford wanted people to put on their lapel.
What are we supposed to do to stop inflation, right?
Uh it's uh they didn't know what to do to stop inflation.
I'll get right on it, Mr. Ford.
Yeah, that's right.
I mean, they they would really just talk to us as if we were children.
It's the same administration that came out with a this is your brain on drugs thing, you know, the egg and a frying pan.
It's like they really do think that we're children, and maybe they're right.
I don't know, but um uh say no to inflation, David.
Yeah, that's right.
So when you go in, it's like, no, I can't afford that.
None for me, thanks.
Yeah.
Yeah.
I never figured out what my responsibility in inflation was.
I knew what his was, but I didn't know what mine was.
Yeah, it's pretty crazy.
That that's the that really is the crux of the matter is the the fiat currency, once you've untethered from value, and you mentioned earlier, you know, we've talked about the the petrol dollar.
We had uh a seemingly gold backed dollar until nineteen seventy-one.
It wasn't legal for you to own gold.
Uh Gerald Ford made that legal, I think in in December of nineteen seventy-four, you could finally own gold again legally in this country.
So we really didn't have uh the the dollar w had the perceived backing of something.
And we went off the petrodollar uh pretty much officially last year, and uh you've seen the world start moving away from using that pricing it into energy.
Yes.
So the what's left I think is the the stable coin models that we've discussed, and I don't know how that's gonna work out for the dollar or what's going to go on, but in the meantime, everything's getting repriced.
Yeah, that's right.
That's right.
Uh speaking of that, uh, we got a couple of comments here.
Three Little Birds says, Ask you, Tony, um, who will buy gold or silver when it becomes so highly valued.
I think you'll be buying things with gold and silver.
I think is what you'll be doing.
Uh right.
Well, it's kind of like I'm sorry, uh go back and look at the stories about the Weimar Republic.
You know, when the paper money became worthless and people were using wheel bearers full of it.
Uh one guy became incredibly wealthy because early on he got out of the currency and got into gold, and then he could basically buy whatever he wanted to on the cheap.
Right.
Well, the hardest money wins.
Yeah.
And uh those stories about the Weimar Republic with the meltdown uh where somebody bought a hotel for a twenty dollar gold piece, you know, because the the current priced in a currency, and that's the uh this gets complicated.
If you've priced in the your debt models based off of currency, say you have uh you know, have a promissory note, uh you have uh a mortgage, uh that's priced into the the currency at the time.
It's one of the reasons why uh you know, you had William Jennings Bryan at the end of the the nineteenth century with the cross of gold speech, the currency had become so hard, like the United States was deflationary, it was harder and harder for the farmers to uh you know get liquid and pay off their their notes.
And so that's why they called for free silver.
It's we're really it the whole allegory of the wizard of oz is all about that with the yellow brick road and yeah uh you know, Dorothy's slippers were originally silver, you know.
She's she tapped them to go back home and all the rest of that.
There's a there's an allegory there, but that was the that was the the inverse.
That was the opposite problem.
We had a currency that was so uh rigid and hard and like it was deflationary that it was harder to get out of debt.
Now if you you know if you free up capital for a while, it looks pretty good.
Like, oh you you can pay off debt a lot easier, but then you start um everything gets repriced, and so you know, an ounce of gold will go a lot far farther.
And you talk about that in in relation to what's known as Gresham's Law, and I don't want to get too technical because I don't think I'm the the guy to explain it, but it's Gresham's law is simply states that uh when bad money enters a system then good money goes into the hiding.
and so I always you know I try to figure out well what's the what's the end game of Gresham's Law.
Well how do you how does it end up?
Well good money comes back and and that's the you know the the proper money always reasserts itself.
Gold always wins.
If you look at history, gold always comes back.
Silver comes back and it can be pushed out for a while and I think that period between when they put down the gold and silver rebellion, because I really think that's what it was in 1980, as I look back and you realize what happened with the Hunt family, they were deep stated,
you know they can't I th I think they were uh punished for exposing something that was wrong with the dollar and making silver go up to fifty two dollars an ounce and and you know the rest is history with that because silver was nothing throughout the the eighties and the nineteen nineties.
Warren Buffett for a while um seem like seemingly cor cornered the silver market but nothing really happened.
That's why he called it a pet rock.
You know it said gold was like a a pet rock or it didn't do anything and it just sits there.
Um well that's the whole point.
It's uh it's not supposed to it's supposed to sit there.
It's supposed to house value.
It's supposed to be a monetary thing.
Whereas the dollar, again, the dollar with fiat currency loses purchasing power.
So we had that interim period between the 80s and 90s and early 2000s where it looked like fiat currency had at least stabilized enough.
But that's all $300 an ounce gold, David, in 2003.
And I remember that because I was going into Iraq.
I bought my first gold coins.
And I remember the dealer that I called put me in some.
I didn't know what I was doing.
he put me in numismatic collectibles that I never could get any value out of.
But if I just bought gold bullion I'd I'd have been way way up.
I wish I'd have had wish I'd had that that if I invested three thousand dollars in uh in two thousand three I could have got ten ounces of gold I'd be looking a lot better right now.
Well you know when we talk about uh these different scenarios you know one of the scenarios is like uh the Weimar Republic where the entire financial system collapses and the currency collapses and that type of thing and that's where you pay for where you buy the hotel for a twenty dollar gold piece type of thing.
But then you also have what happened in the 70s and eighties where because of uh bad government policy a number number of different ways inflation got out of hand and eventually uh when they got that under control then gold came back down for a while.
But I think we're looking at something that is more like the Weimar scenario.
And this fourth turning these institutions everything is being changed.
The international financial system is being reengineered um all of these different things are happening.
So I think when you look at exploding debt in the West and you look you know that's looking Weimar like you've got the desire by the uh Russians and the Chinese to completely change the financial system this is something unlike what we have seen before.
And we could very well be pushed into a worldwide depression especially with Trump's capricious and arbitrary tariffs that are happening out there.
So um you know that's that's really I think more the scenario that we're looking at and and as you pointed out Tony when you have a collapse of that order people are looking for real money for real for hard money for real assets.
And it falls back to that, and the fiat currency becomes like Confederate dollars.
So I think maybe that's the answer.
That's exactly right.
That's the one that I would give.
And history shows us, you know, it's that old maximum of the golden rule.
He who has the gold makes the rules.
And I mentioned earlier about where we were in 1945, especially, you know, post-World War II, how much wealth that the United States held.
the the rules that it was able to make because of that.
And that's dissipated and flowed out and um because of our monetary policy and you look at places like I mean Canada again that's another they fell it fall into that fiat trap well we've got all this currency we've got a central bank.
Well so what?
You know do you have assets to back it up?
And that's the the rest of the world's moving away and has been moving away rapidly and I think when I was on last week and I was pointing out that the Hong Kong gold depository I thought that was big news.
It didn't get a lot of play but you know the next week uh Bloomberg's running a story on on China leveraging the Shanghai gold exchange and Hong Kong um to usher in a new um you know commodity pricing system.
And I think that's really important to watch as the the outflows continue to happen in these uh especially the BRICS nations accumulate more and more uh monetary metal.
And they're doing that again, you know, the centers have been London and New York, but um there's been some scandals involved in that.
A lot of people wanted to get their money out of New York as well as out of London and uh some difficulty in getting that.
So I think uh China sees an opportunity there.
Well they're right.
Yeah.
And uh the the backbone of all of this is trust.
Mm-hmm.
And uh I believe the West has uh eroded its trust and especially the the dollar system and the the weaponization of the dollar uh was very it's mismanaged on purpose.
It's like I was uh reading uh an old uh book by Jim Mars on the plane yesterday and was uh uh coming out here to to LA and it was uh Rule by Secrecy and it talked about James Forrestall, that famous quote from James Forrestal,
you know, who uh uh was uh I think uh murdered, you know, pushed out of a window at Bethesda Nabal Hospital for his views as um he was the first secretary of of defense under under Truman, but he had that famous quote.
He said, you know, if they if they were just uh stupid, then every once in a while they'd err in our favor.
You're talking about the ruling elite, and he said they never do.
You know, that's how you know that it's uh that it's pretty brilliant, it's a plan.
Except for, you know, the the the control demolition of the dollar, we have to really ask the question in the controlled demolition of this current monetary system, Subono, who benefits?
Really who benefits because we're watching the destruction of our monetary system in real time and uh the vacuum that's going to leave.
Uh you just look at places like China, which I don't think is a good thing.
That's right.
Absolutely.
Well, um you know, we've talked always talk about um the economic system and I think let me get your take on war because we had uh real quickly before we leave the economic system.
We've got a comment from three little birds who wants to know, Tony, do you think the future could hold two separate economies?
Do I do I think the future will have two separate economies?
Yes.
That is a question.
Maybe a financial system.
There uh example is a metals-based one and an energy-based one.
But you know, will there be two separate ways of doing business?
You know, like the established method and then something other than that, say, you know, gold, silver, I think that's entirely possible.
Um it's gonna take a while.
Not nothing like this happens rapidly.
Well, maybe it's more gradually than uh than suddenly, probably, but I don't think people are exactly ready for that yet.
But uh I think there will be you know uh different ways to conduct business and parallel economies that we discussed for many years, especially with decentralized tokens um and through crypto, and then um things like gold and silver that are physical in the real world that you can actually trade and hold in your hand.
I think that will make a that will make parallel economies.
I think naturally people want to have the best money.
And if the if the money in from the established order is constantly in flux or in danger, or you've got to deal with social credit scores or anything like that, you're gonna naturally gravitate towards something that's outside of that.
It may not happen in a day, but uh it it will happen.
That's I think that's a natural human condition.
History shows us that.
You can't you can't debase your way out of uh economic downturns.
The Romans learned that uh uh many times, by the way.
They did it more than once.
We've had the the coin clipping and other things when debasing the currency and then bringing it back.
We always see that nations rise on sound money, uh civil you know, empires rise on sound money and economic nationalism, and they decline on on fiat currency and free trade.
Yes.
And I I think you know, what once you get this dominant fiat currency out of the way, uh you're gonna have uh the market trying a lot of different things, many of them probably simultaneously until they settle on maybe something or one system.
But I wanted to ask you about war, because you know, war is always a part of these fourth turnings.
You know, it begins with financial issues, then they take us to war, as Gerald Slante said.
And we've had um Trump do a complete 180 at the U.N. Now he's all in for Ukraine.
They're going to take back all their land, and maybe even some of Russia, he says.
Uh what do you what do you think is happening with this?
And it wasn't even, I think, uh a full twenty-four hours before we have uh Denmark saying, Well, we've got drones at our airports again.
This has got to be the Russians.
Let's go to war.
What do you think?
They're gonna take us to war pretty quickly.
I think this is the most volatile situation that the world has been in since 1962, since the Cuban Missile Crisis, honestly, and it's a sad thing to watch if you followed uh history or geopolitics like I have uh and been interested in it been and been part of the instrument of failed foreign policy.
I was a tiny cog in that machine as a young man watching some disastrous uh decisions unfold.
Uh this is this is really uh unnerving.
And I I've I've warned against it for a long time, and it seems to kind of go away, and then it'll come back.
You know, the dressing down of Zelensky at the White House, I wondered uh how much of that was theater.
Uh because it seemed like, oh, we're making a move here, we're gonna uh finally put this thing to bed, uh, which was you know, the established order wants that war.
They want NATO and Russia locked in some sort of kinetic conflict, um it's ideological reasons, it's territorial reasons, it's it's uh financial reasons, uh all of that's baked into that.
And uh that's something that I thought was so myopic, it's so uh I think it's psychotic at the same time.
And they're focusing on one or two things, but it the the wider picture is that the West is sleepwalking into a cataclysm.
You look at somebody like Zelensky, he said uh earlier, uh I think in the last couple of days, he said uh that they that Russia either makes peace or they make bomb shelters.
Wow.
That's the kind of rhetoric of a madman.
Yeah, it is.
And yet we're seeing that from uh European countries now.
We've seen it from Poland, uh, you're seeing it now from Denmark.
They're all jumping into this, and you got the Germans just calmly saying, Well, we're gonna have to be able to take care of a couple of thousand casualties a day here in our hospitals.
That's what's coming in.
And they're setting up their their military, they're looking at how they're going to get a larger army, all these different things.
They're just doing it uh as kind of a matter of fact, it isn't like uh uh there's not any panic about it.
It's just like, well, this is what we're gonna do now.
And they're kind of telling everybody what they're going to do.
And for what?
Yeah.
What is the point here?
What would be the point of the sacrifice other than some sort of ritualistic Luciferian agenda?
I mean, I don't see the point here.
What is the point that they're trying to make?
What what is the security threat uh to Europe by Russia if you leave it alone?
I mean, I don't really understand.
It's since the the fall of the Soviet Union, we've done everything to expand NATO to uh interfere with even like you look at the uh was it 2014 we had the CIA back coup in Ukraine, the democratically elected leader fled to to Russia uh the inner the orange revolution in 2007.
We've done everything to to get us to this point is really on the West.
Um Russia uh I'm I'm not a rusophile, and I don't uh I don't pretend to think that Vladimir Putin's a great guy or that uh you know he's a sane actor, but at the same time, we just look psychotic and schizophrenic.
I mean, it's NATO.
And we've broken our our promise.
NATO was set up to fight Russia when Soviet Union collapses.
It's like, oh, now what do we do, right?
And we've had in the Yeah, what's the Warsaw Pact?
Yeah, yeah, exactly.
In the past we've had NATO do Operation Gladio, where they staged terrorist attacks, kidnapped Prime Minister, killed him, all that type of thing.
Uh these are people who are satanic and insane.
They have uh operated uh literally as terrorists in Italy and in Germany for their political agenda.
And these are the people who are looking to do anything that they can in order to preserve this institution.
Mark Ruta, who tried to destroy all farming in the Netherlands, gets booted out, and where do they put him as head of NATO?
Because he's their kind of guy.
I mean, it's almost funny, except that it's so serious.
Because they're trying to drag us, they're determined to drag us into World War III, no matter how flimsy the excuse is.
I mean, we'll be drug into World War III over some drones harassing an airport.
I mean, that that sounds like getting drugged into a world war because some archduke was assassinated somewhere in a place that we've never heard of before.
Some place you've never heard of that makes no sense.
Yeah.
You run into people.
I remember I was at a in Washington, DC in 2014, and uh I went up there to to speak uh at an event for Congressman Ralph Hall at the Capitol Grill.
And before that they had a uh a little luncheon, and somebody, some kid from the uh the Heritage Foundation was uh this was again right on the heels of the Ron Paul Hall revolution, and there was a lot of libertarian thought that was entering into conservatism, which I thought was a great thing, and I was one of those people, and they said we've got to uh instruct people, you know, about even things like World War One, you know, World War One was worth fighting, and it was the reason why we fought it.
And I remember looking at this luncheon, and I'm like, am I am I on a different planet?
Like what can you explain to me what that was?
I mean, modern historians really can't say why we fought this, you know, uh have Buchanan called it the Great Civil War of the West, which was World War One and II.
Just this bloodletting, uh, other than some ritualistic bankers' war is what was the security measure?
What was what was that threat here other than the uh the wealth and control of the very few?
Yeah, I agree.
Yeah, one one of my favorite movies, the first half of it is Sergeant York.
They gaslight him and get him to go full, you know, in this war.
And it's like, no, you're right the first time.
Don't let them trick you.
You know, uh war is when they tell us who to fight revolutions when we figure it out for ourselves.
Uh so you got a program that's coming up after this uh show, don't you?
Are you doing that in California?
You're still gonna do today's show?
I'm still gonna do today's show, uh live from the from the green room here in Thousand Oaks.
I'm gonna do the Heart of Burn Radio transmission, so yeah, we'll be live on Rumble on the American Unplugged channel and live on my ex at Tony Artberb.
And I can't believe I still have a YouTube.
Uh me and Jimmy Kemel, we both got YouTube now.
Uh I'll be over at uh at Tony Artiburn.
How about did they never take you off?
They just they just missed it or something, the censors or well, a long time I I've had other channels gone, but I just this time I just used my name.
Just said I'm I'm Tony Arterburn at Tony Arterburn, and we'll see how long they may take to figure out that's me over there.
They'll just maybe you got on there after Linda left.
Uh she was the one the uh Yakarino or whatever.
Susan Work.
What's that?
Susan Wojicki.
Uh yeah, that's right.
Yeah, the Linda Yakarina, she was at uh X. But uh well, that's great.
So you're gonna be on uh uh X and YouTube right after this uh program, right?
Doing a live broadcast.
Right at uh uh twelve twelve Eastern, eleven AM Central time, we'll be will be live.
So uh come join us over there.
And I I still want to reiterate too on uh David Knight.gold, if you if anybody's in your listeners, there's uh there's a special down running.
It's just for David Knight listeners and my listeners.
Uh we've got some in-house silk silver deals, and it's a hodgepodge stuff.
Like I said yesterday, we we're buying a lot of silver, so take advantage of that.
If there's in-house pricing, uh we can beat a lot of the major retailers right now and give you a pass on a great deal.
Can't promise exactly melt on everything, but we can get really close to spot.
Wow.
And it could be, you know, 10 ounce coins, uh, five-ounce bars and uh pre-1965 U.S. silver, but um I'd even hate to sell it, honestly.
Uh I love I love selling it.
Uh, make a little bit, but I I'm trying to stockpile right now because I think that price is going to keep moving because the dollar, you know, it's the the the saying goes, uh uh gold and silver and you know have no no top because fiat has no bottom.
That's a good saying, and very true.
Thank you so much for joining us, Tony.
Really do appreciate it.
Again, folks, uh, go to David Knight.gold, they'll take you to Tony's wise wolf gold.
Let him know that she came through us.
Thank you so Common Man.
They created common core to dumb down our children.
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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.
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