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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 Tony Ardeman.
And we're going to 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 so China is making a huge move to accumulate gold.
That's been one of the many driving factors.
I mean, we're into record territory we've passed in terms of real terms when gold shot up to $800 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, they're trying to de-westernize the global bullion market, says Zero Hedge.
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.
What's your take on that?
I thought the story last week about the Hong Kong play was really important because we already have the Shanghai Gold Exchange, and it just highlights the move that China is making, as well as the BRICS nations, to make the move of commodity pricing eastward.
There's another headline up that's up on Zero Hedge.
And then just, 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 did.
Zero gold reserves.
But they've got a central banker as their prime minister or whatever.
So I guess they're covered.
You don't need gold if you've got a central banker.
I think that's a key indicator of where we're headed in this decade and especially in this century is that everything is flowing out of the hands of the West.
And they had an interview with Ray Dalio, and he was talking about the juxtaposition of 1945 when the United States had about 80% of the world's money.
We were about 5% of the world's population, about 50% or more of the wealth.
And then that's completely dissipated and it's flowing eastward and is being decentralized out of our hands for sure.
So dollar domination is really, I think in this timeline, it's really in danger of losing more and more market share.
Yes.
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 think it has.
Matter of fact, it's interesting.
Every day I start calculating the ratios and not only the gold to silver ratios, but the Bitcoin to gold ratios.
And Bitcoin has slipped a little bit off of, I think, AI expansion and other things that have happened since the rate cut.
And that's probably temporary.
But it went from 31 ounces of gold to make one Bitcoin to about 29.
And so that slipped a little bit.
But the real metric to watch is the gold to silver ratio.
That's starting to come back to normal, or at least somewhat normal levels.
I mean, we got up to past 100 ounces of silver to make one ounce of gold not too long ago when it was $35 an ounce for gold and $3,500 an ounce or $3,500 an ounce in gold and $35 an ounce for silver, David.
And now we're at 83 to 1 because silver passed the $44 mark.
Wow.
Wow.
Yeah, it truly is amazing.
We're hitting one all-time high after the other.
But as I said, there's a lot of different reasons, especially for us as individuals.
I mean, look at the rise of stablecoin.
There was an article from Zero Hedge talking about a $100 billion a year battle that is shaping up between credit cards and stablecoins.
But I guess, though, really, stablecoin would be more like a debit card.
It lets you pay for things instantaneously.
But 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 over the credit cards versus that.
I think you see the credit card companies are merging with the stablecoin companies as Visa merged with the biometric company.
They want to be there for the surveillance.
So I imagine 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 going to continue to allow that to happen.
Yeah.
I think what makes the stablecoin battle between credit card processing and stablecoins is the fees.
It's merchant fees.
I think that'll be their selling point.
As a matter of fact, I saw, it was, I think, a Coinbase commercial about a year ago, and it was highlighting how small business could open up a Coinbase account.
And 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 as you enter in stablecoins, now I've been looking into stablecoins because I thought, well, if you're going to deal, if you're going to have Bitcoin or something, you should have stablecoins.
That's a whole other, like to actually deal in stablecoins is a lot harder 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 going to be the third parties that are connected to Trump, like Lutnik and others.
Yeah.
Right.
It'll be something else.
So it's not, you know, meet the new boss, same as the old boss.
It's probably a lot of the same entities or interest, except it's a different vehicle, and they can 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, you know, 3% at the pump, 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 over $3 a gallon, that's $0.00 a gallon.
And the retailer usually makes about a nickel.
So that'll be an interesting, I think all the infrastructure that's being put in right now with stablecoins.
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 operator fees or anything like that.
It's another transfer of wealth.
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 cash or something like that.
And 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 it is really a high fee.
And as we look at the banks, you're talking about how stablecoin is set up, centrally controlled, just like a central bank, except that it's a crony system.
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 because people did not sign in and give them their biometric data.
And it's like, okay, well, if 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 the future, especially as everything continues to get more and more digitized.
Yeah, that's right.
They're going to force our hands.
Is that coming through, okay, Dave?
Yeah, you're coming through now, yes.
So 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 LifeSight.
And we've talked about this before, how Besant, as well as Lutnik, as well as Bergham, who Trump put ahead 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 that's one of the ways that we will wind up owning nothing and they will have everything.
People like Larry Fink at BlackRock and Hoffman and others, 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.
That's the reason civilization is built on sound money.
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, in a sense, a bartering economy, but you find value in everything else.
It's the reason why we have such a massive housing bubble.
It's why we have a debt crisis, a debt, a 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 that's another reason why you're seeing.
Yeah, that's a good point.
You're saying you've got to 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 still a fiat currency.
Even if we move to a digitized system, like a stablecoin-backed system, it's still going to be based off of ethereal, you know, blue sky.
It's going to be based off of nothing.
It's going to be based off of GDP and economic growth and all the rest of that.
Unfortunately, we're seeing the endgame here where 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 lower interest rates and there would be sell-offs and precious metals because people would be taking, you know, getting liquid in positions to buy into the market.
Now you're just seeing gold just continue to go up.
Every time I come on the show, it's breaking its another all-time high.
I think silver is about to do the same thing.
And I don't want to give investment advice, but I'm looking at silver having a big breakout here probably this year going into the final quarter of 2025.
And as of right now, I'm stockpiling.
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 the amount that's being sold right now, it's 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 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 they're signaling something I think that we need to pay attention to.
Yeah, they've been heavily manipulating silver.
As we said before, it was just a few months ago.
I remember seeing a YouTube video.
Somebody sent it to me as a listener and said, look at this.
And it was a small show of precious metals.
And the guys that were there that were dealers, the guy went around and talked to them.
He said, yeah, everybody wants to sell silver, but they're not buying.
He said, look at the ratio here, 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 that's been going on for that for quite some time.
I worked the shop in Denison yesterday in Texas.
My old new bank, the branch bank that I took over.
I'll have to send you some pictures of the signage.
It's a little bit of an experiment.
We're wise wolf gold, silver, bitcoin, and I rebranded it.
I even have the, I'll have the drive-through operational probably sometime by the end of the year.
But I was there just working the counter for my son, and I, from 11 a.m. to 1 p.m., and I did six transactions buying silver bullion.
And that was all I bought.
It was a silver bullion.
There wasn't any gold.
There's 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.
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 or 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 day, but you can't just continue to accumulate inventory and survive.
So I have to make that decision, but I think I'm buying, I still think I'm buying it cheap.
And the reason is, is what you mentioned, you know, with the repricing of everything, I don't think that we've factored in the true destruction of the dollar.
The dollar's lost 40% 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 what was it last year, David, about $29 an ounce at this time, somewhere in there.
And now we're at $44 an ounce and climbing.
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 eventually, and I think there was an article up on Zero Hedge about the FOMO.
I mean, I think a lot of people are going to look back and think this was the time, and they ended up not being able to buy.
Unfortunately, I think silver is going to surprise everyone because it's been lying in wait for 45 years.
And everybody's been waiting for silver 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 into 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 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.
Paul Volcker raised interest rates to the teens, and we've discussed this many times.
So there was a contraction of the money supply.
And eventually there was 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've said many times, you know, $52 an ounce in 80 was like $300 today in purchasing power.
That's an estimation.
So I think we've got a lot of room to run.
And all commodities, I mean, look at what's happening with platinum, palladium.
Palladium is up, I think, 500% over the past many, like five years, I think.
What's anything that's real, actually?
Anything that's real.
Yeah, Mr. Prom 1011 says silver is up $5 per ounce just in September.
And he says, thank you, Tony.
So I appreciate that.
And again, 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 Gerald Ford wanted people to put on their lapels.
What are we supposed to do to stop inflation, right?
They didn't know what to do to stop inflation.
Don't get right on it, Mr. Ford.
Yeah, that's right.
I mean, 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 in a frying pan.
It's like they really do think that we're children, and maybe they're right.
I don't know.
But I know that.
I 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.
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 really is the crux of the matter is the fiat currency.
Once you've untethered from value, and you mentioned earlier, you know, we've talked about the petro dollar.
We had a seemingly gold-backed dollar until 1971.
It wasn't legal for you to own gold.
Gerald Ford made that legal.
I think in December of 1974, you could finally own gold again legally in this country.
So we really didn't have, you know, the dollar had the perceived backing of something.
And we went off the petro dollar pretty much officially last year.
And you've seen the world start moving away from using that, pricing it into energy.
So what's left, I think, is the stable coin models that we've discussed.
And I don't know how that's going to 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.
Speaking of that, we got a couple of comments here.
Three Little Birds says, ask you, Tony, 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 that's what you'll be doing.
Right.
I'm sorry.
Go back and look at the stories about the Weimar Republic.
You know, when the paper money became worthless and people were using wheelbearers full of it, 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.
And there's stories about the Weimar Republic, the meltdown, where somebody bought a hotel for a $20 gold piece.
Because the current priced in the currency, and that's the, this gets complicated.
If you've priced in your debt models based off of currency, say you have a promissory note, you have a mortgage, that's priced into the currency at the time.
It's one of the reasons why you had William Jennings Bryan at the end of the 19th 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 get liquid and pay off their notes.
And so that's why they call it for free silver.
Really, the whole allegory of The Wizard of Oz is all about that with the Yellow Brick Road.
And Dorothy's slippers were originally silver.
She tapped them to go back home and all the rest of that.
There's an allegory there, but that was the inverse.
That was the opposite problem.
We had a currency that was so rigid and hard and like it was deflationary that it was harder to get out of debt.
Now, if you free up capital for a while, it looks pretty good.
Like, oh, you can pay off debt a lot easier, but then you start, everything gets repriced.
And so, you know, an ounce of gold will go a lot farther.
And you talk about that 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 guy to explain it.
But Gresham's Law simply states that when bad money enters a system, then good money goes into hiding.
And so I always, you know, I try to figure out what's the end game of Gresham's Law.
Well, how does it end up?
Well, good money comes back.
And that's the, you know, 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.
I think they were punished for exposing something that was wrong with the dollar and making silver go up to $52 an ounce.
And the rest is history with that because silver was nothing throughout the 80s and the 1990s.
Warren Buffett, for a while, seemingly cornered the silver market, but nothing really happened.
That's why he called it a pet rock.
He said gold was like a pet rock or it didn't do anything.
It just sits there.
Well, that's the whole point.
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 is 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 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, you know, the dealer that I called put me in some, I didn't know what I was doing.
So he put me in numismatic collectibles that I never could get any value out of.
But if I just bought gold bullion, I'd have been way, way up.
I wish I'd had that.
If I invested $3,000 in 2003, I could have got 10 ounces of gold.
I'd be looking a lot better right now.
Well, you know, when you talk about these different scenarios, one of the scenarios is like 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 it, where you buy the hotel for a $20 gold piece type of thing.
But then you also have what happened in the 70s and 80s, where because of bad government policy, a number of different ways, inflation got out of hand.
And eventually, 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.
In this fourth turning, these institutions, everything is being changed.
The international financial system is being re-engineered.
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.
And then you've got the desire by the 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, you know, that's really, I think, more the scenario that we're looking at.
And as you point out, Tony, when you have a collapse of that order, people are looking for real money 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 maxim 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 and the rules that it was able to make because of that.
And that's dissipated and flowed out.
And because of our monetary policy, you look at places like, I mean, Canada, again, that's another, they fall into that fiat trap.
Well, we've got all this currency and we've got a central bank.
Well, so what?
You know, do you have assets to back it up?
And that's the rest of the world is 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 next week, Bloomberg's running a story on China leveraging the Shanghai Gold Exchange and Hong Kong to usher in a new commodity pricing system.
And I think that's really important to watch as the outflows continue to happen in these, especially the BRICS nations accumulate more and more monetary metal.
And they're doing that again.
The centers have been London and New York, but 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 some difficulty in getting that.
So I think China sees an opportunity there.
Well, they're right.
And the backbone of all of this is trust.
And I believe the West has eroded its trust, and especially the dollar system and the weaponization of the dollar.
It's mismanaged on purpose.
I was reading an old book by Jim Mars on the plane yesterday.
I was coming out here to L.A. and it was rule by secrecy.
And it talked about James Forrestal, that famous quote from James Forrestal, who was, I think, murdered, pushed out of a window at Bethesda Naval Hospital for his views.
He was the first Secretary of Defense under Truman.
But he had that famous quote.
He said, if they were just stupid, then every once in a while they'd err in our favor.
You're talking about the ruling elite.
He says, they never do.
That's how you know that it's pretty brilliant.
It's a plan.
Except for the controlled demolition of the dollar, we have to really ask the question in the controlled demolition of this current monetary system, su bono, who benefits?
Really, who benefits?
Because we're watching the destruction of our monetary system in real time.
And the vacuum that's going to leave, you just look at places like China, which I don't think is a good thing.
That's right.
Absolutely.
Well, you know, we've always talked about the economic system and everything.
Let me get your take on war, because we had a… Real quickly, before we leave the economic system, we've got a comment from Three Little Birds.
He 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.
The financial systems are.
Their example is a metals-based one and an energy-based one.
But, you know, will there be two separate ways of doing business?
Like the established method and then something other than that, say, you know, gold, silver, centralized.
I think that's entirely possible.
It's going to take a while.
Nothing like this happens rapidly.
Well, maybe it's more gradually than suddenly, probably.
But I don't think people are exactly ready for that yet.
But I think there will be, you know, different ways to conduct business in parallel economies that we discussed for many years, especially with decentralized tokens through crypto and then 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 money 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 going to naturally gravitate towards something that's outside of that.
It may not happen in a day, but it will happen.
I think that's a natural human condition.
History shows us that.
You can't debase your way out of economic downturns.
The Romans learned that many times, by the way, they did it more than once.
We've had the coin clipping and other things when debasing the currency and then bringing it back.
We always see that nations rise on sound money.
Empires rise on sound money and economic nationalism and they decline on fiat currency and free trade.
Yes.
And I think once you get this dominant fiat currency out of the way, you're going to have 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 war is always a part of these fourth turnings.
It begins with financial issues, then they take us to war, as Gerald Sunti said.
And we've had Trump do a complete 180 at the UN.
Now he's all in for Ukraine.
They're going to take back all their land and maybe even some of Russia, he says.
What do you think is happening with us?
And it wasn't even, I think, a full 24 hours before we have 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 going to 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 history or geopolitics like I have and been interested in it 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 decisions unfold.
This is really unnerving.
And I've warned against it for a long time, and it seems to kind of go away, and then it'll come back.
The dressing down of Zelensky at the White House, I wondered how much of that was theater because it seemed like, oh, we're making a move here.
We're going to finally put this thing to bed, which was, you know, the established order wants that war.
They want NATO and Russia locked in some sort of kinetic conflict.
It's ideological reasons, it's territorial reasons, it's financial reasons.
All of that's baked into that.
And that's something that I thought was so myopic.
I think it's psychotic at the same time.
And they're focusing on one or two things.
But the wider picture is that the West is sleepwalking into a cataclysm.
You look at somebody like Zelensky.
He said earlier, I think in the last couple of days, he said that Russia either makes peace or they make bomb shelters.
That's the kind of rhetoric of a madman.
Yeah, it is.
And yet we're seeing that from European countries now.
We've seen it from Poland.
You're seeing it now from Denmark.
They're all jumping into this, and you got the Germans just calmly saying, well, we're going to 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 military.
They're looking how they're going to get a larger army.
All these different things.
They're just doing it as kind of a matter of fact.
It doesn't like there's not any panic about it.
It's just like, well, this is what we're going to 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 is the security threat to Europe by Russia if you leave it alone?
I mean, I don't really understand.
Since the fall of the Soviet Union, we've done everything to expand NATO, to interfere with even like you look at the, what was it, 2014, we had the CIA-backed coup in Ukraine.
The democratically elected leader fled to Russia.
The Orange Revolution in 2007.
We've done everything to get us to this point is really on the West.
Russia, I'm not a Russophile.
I don't pretend to think that Vladimir Putin's a great guy or that he's a sane actor.
But at the same time, we just look psychotic and schizophrenic.
Well, it's NATO.
And we've broken our promise.
NATO was set up to fight Russia.
When the Soviet Union collapses, it's like, oh, now what do we do, right?
And we've had in the past.
Yeah, it'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.
These are people who are satanic and insane.
They have operated 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 Ruda, 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.
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.
I mean, we'll be drugged into World War III over some drones harassing an airport.
I mean, that sounds like getting drug 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.
You run into people.
I remember I was in Washington, D.C. in 2014, and I went up there to speak at an event for Congressman Ralph Hall at the Capitol Grill.
And before that, they had a little luncheon, and somebody, some kid from the Heritage Foundation, was, this was, again, right on the heels of the Ron Paul 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 instruct people about even things like World War I. World War I 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 on a different planet?
Can you explain to me what that was?
I mean, modern historians really can't say why we fought this, you know, Pat Buchanan called it the Great Civil War of the West, which was World War I and II.
Just this bloodletting.
Other than some ritualistic bankers' wars, what was the security measure?
What was the threat here other than the wealth and control of the very few?
Yeah, I agree.
Yeah, one of my favorite movies, the first half of it, is Sergeant York.
They gaslight him and get him to go full in this war.
It's like, no, you're right the first time.
Don't let them trick you.
War is when they tell us who to fight revolutions when we figure it out for ourselves.
So you've got a program that's coming up after this show, don't you?
Are you doing that in California?
You're still going to do today's show?
I'm still going to do today's show live from the green room here in Thousand Oaks.
I'm going to do the Arterburn Radio transmission.
So yeah, we'll be live on Rumble on the America Unplug channel and live on my ex at Tony Arperburn.
And I can't believe I still have a YouTube.
Me and Jimmy Kimmel, we both got YouTube now.
I'll be over at Tony Arderburn.
How about YouTube?
Did they never take you off?
They just missed it or something, the sensors?
Well, I've had other channels gone, but this time I just used my name.
I just said, I'm Tony Arderburn at Tony Arderburn, and we'll see how long they take to figure out that's me over there.
Maybe you got on there after Linda left.
She was the Yakarino or whatever.
Susan Artemis.
What's that?
Susan Wojicki.
Yeah, that's right.
Linda Yakarina.
She was at X. But well, that's great.
So you're going to be on X and YouTube right after this program, right?
During a live broadcast?
Yes, sir.
At 12 Eastern, 11 a.m. Central Time will be live.
So come join us over there.
And I still want to reiterate, too, on DavidKnight.gold.
If anybody's, any of your listeners, there's a special that I'm running.
It's just for David Knight listeners and my listeners.
We've got some in-house silver deals, and it's a hodgepodge of the stuff.
Like I said yesterday, we're buying a lot of silver, so take advantage of that.
If there's in-house pricing, 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 on some items.
And it could be, you know, 10-ounce coins, five-ounce bars, and pre-1965 U.S. silver.
But I'd even hate to sell it, honestly.
I love selling it.
I'll make a little bit, but I'm trying to stockpile right now because I think that price is going to keep moving because the dollar, you know, the saying goes, build in silver and have 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, go to DavidKnight.gold.
I'll take you to Tony's Wise Wolf Gold.
Let him know that you came through us.
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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.
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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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