INTERVIEW Bank Failures & Inflation Rises - podcast episode cover

INTERVIEW Bank Failures & Inflation Rises

Oct 05, 202329 min
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Episode description

New central bank TARGET for inflation is TWICE what it was and nearly a thousand banks are on death watch.
Tony Arterburn, DavidKnight.gold, joins to talk about what's happening with economy and hard money.

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Transcript

All right, welcome back and joining us now is Tony Ardban Why is Wolf Gold? Of course he's kindly set up David Knight dot gold to direct you there and to let him know that you're coming from this programs. Good to have you, Tony, Welcome, good to see you, David, thanks for having me. I think SPF's dog. Maybe the password is audit. Perhaps he lost he lost the keys to his own dog, like people lose

their keys to their bitcoin wall, you know, isn't that funny? That is the how many people we've seen lost the keys to something that is worth millions of dollars and they can't find it anywhere, or they threw away the disk drive that had all the stuff, you know, that that type of thing. And of course this is a real world consequence. Audit sounds kind of German, doesn't it. Or maybe it's just the association with the I R S and uh, these these neo Nazis or whatever that that's a double

N word. I guess, the neo Nazis. But I guess that's why I associated with something I don't know. But yeah, tell us what is on your mind. As we were talking in the break, you said there's a lot of banks that have been put on a death watch. Tell us a little bit about that. Yeah, I was looking at a tweet from Robert Kiyosaki from back on the first of October, and I wanted to read it. I was not too retweet it on the wisewolf Gold Twitter account,

but I was going over this morning. It says the FDIIC has over seven hundred and twenty five US banks on a death watch list. Says, what does that mean? It means America does not need enemies. America has bankers, our criminal bankers, start with Jerome Powell the Fed, Janet Yelling of the Treasury, and Jamie demon of our banks. God help us. USA does not need criminals. We hire them as our bankers. So said Robert

Kiyosaki on his Twitter account. Well that's so true. This is I think the biggest story of our time, David, is going to be the collapse of this financial system, this fake financial system that really has accelerated since nineteen seventy one, since Richard Nixon took us off the gold standard. And I wanted to talk with you a little bit today about you. You opened up.

You're talking about Sam Bankman Fry. But the crypto, there's been so much movement there and so many things going on with bitcoin and crypto, and it's global. We see Bank of America has launched its own crypto. We've talked about CBDC. All of that, the private sector and the decentralized market is a response to the collapsing Fiat system. This is all going on at the same time. And I mean, we're watching gold, We're watching central

banks buying gold at record pace. Shift Gold put out an article today on zero Hedge. So there's so much happening all at once, you know, and the powers that be are trying to capture that momentum by creating CBDC. Honestly, David, I'm watching this and I'm just I'm wondering if they can. I wonder if it's gotten out of the control at this point. Yeah, yeah, who knows. It is amazing how many different times I've seen these articles that we talked about this, you know before, you and I

about Costco selling gold and being sold out and everything. You know, this is not about central banks collecting gold anymore. This is about the public starting to realize what's going on here, and they've got a new inflation floor. They're saying the this is Mark Spiegel of Standfull Capital says, the new inflation floor is going to be three to four percent. They're not even trying to get back to the magic standard has always been, let's get inflation down to

two percent. You know, they want to inflate, they want to have inflation, but they don't want it to be any higher than two percent. Now they've just doubled that goal, which tells you that there's something else going on. And of course you're seeing people going through Costco and other places showing snapshots that they took a few months ago or a year ago of what prices are and how things are not up just a few percent. There may be

double or triple what they were. Well, the the U input out a notice asking governments to stop the two percent goal of inflation because it's hurting the economies by not being more inflationary. And wait a minute, I thought this was supposed to be transitory. I thought that's what Jerome Palle said. This was all transitory, and Janet Yellen's used that word transitory, that this wasn't going to be an issue. After they printed eighty percent of all the dollars

ever created. Everything about the financial markets worldwide is fiat. It's fake, it's built into the system, and it's unsustainable. I mean, we're talking about trillions upon trillions upon trillions. None of this is going to be able to be reeled in. And as we start to see in the market in the US, it's schizophrenic. As we've talked about every week on your show, we're watching the price of gold go down. At the same time, it's a lot of the traders are saying, well, we're fearful of the

future. Why aren't you buying gold? But they're saying, well, it's because the Fed has raised rates, and of course they have raised rates faster than any time in history. We don't have entr rates to the teams yet, but they're believing that. And that's why I think you're seeing the numbers in precious metals. They're believing in the supremacy of king dollar. I think that's very short sighted. I don't think they understand what has happened to the

system. This itself is in decline, and I think that's what we're watching here. Yeah, you know, it's we went back and rewatched recently the big short and it was that same author who was doing the biography of SBF and the common thing as I was looking at it this time, I was thinking, you know, they came up with these financial derivatives that they had, securitized mortgages and everything. We just mix it all together, put it in a blender, and you know, you get this whole slush slush fund

thing essentially. But you know, they've always got a different angle, and everybody always thinks that it's something that is different, and yet there is a fundamental similarity there. You know, tistory doesn't repeat itself, but it wrung times and this financial history rhymes. They come up with these new schemes that are out there, but the fundamental thing is you got to look at it and say is this real or not? And you've got to get back to

what is real. And that was the thing about the two characters, the central characters in his book. There's a couple of them that saw that, you know, this whole securitized mortgage thing was going to go really bad and that it was not real at all, and they saw that this was, you know, whatever you make the financial instrument, the thing that remains is that it is some way for them to remove you from reality, and you've got to get back to something that is sound and that is real. And

I think there's nothing that's more sound and more real than physical gold. That's the key thing. And you know you can't when you try to evaluate all these different games and tricks that they play. They're always going to have a different game and different tricks. But again, your question always has to be is this something that is solid and is it real? Yeah, the term hard money it comes from the actual hardness of the asset and how hard it

is to produce. Every time when you talk about the subprime mortgage market or just credit itself after nineteen seventy one, every time that you create a loan, when you create a mortgage, that's new currency that's being created into the

system. So if you have this bonanza, this market that's looking at something like the mid two thousands, where there you have low interest rates in the government is creating the environment to say no, you have to write these loans, and you can get the ninja loans, the no income, no job loans, and just again, over and over, these subprimes built into this giant bubble that is built to crash, whereas something that is backed by gold.

We have a currency system that has to have checks and balances. That's where you can have a safe environment. There's an economy that you can build something on, you can have savings. All that's been taken away from us. So we're in this free fall where you know, the rich get richer and the poor get poor because of that system. That's why the elites built the Federal Reserve, and it's the money supply is the issue. You go

back to nineteen thirteen, you have a dollar as good as gold. You know, again, a twenty dollars gold piece is roughly an ounce of gold. By nineteen thirty three, because the Federal Reserve had taken control of the money supply, which is really the banksters, they took control of it,

they crashed this system. You know, they had people were borrowing funds, they had liquidity to borrow against stocks, and then margin call happened, so you know, you have the Great Depression, and FDR made it illegal for you to own gold so they could get the gold out of the hands of the American people. He said turn your gold in, and people did, and all of that gold. David went to the Bank of International Settlements.

And once those twenty dollars gold pieces were turned into all those gold coins, Franklin Roosevelt raised the price of gold to thirty five dollars an ounce. So they got the gold and they got the higher prices, and they were able to offset whatever their losses were. They caught the Great Depression. So it's an end. It's a club, and you ain't in it. You're not going to win this game. So you got to look and see what the elites do and what the banksters do, and not what they say they want

you in their fiat system. And I was reading an article yesterday and I didn't even know this. It just a little bit of history, but it was on zero hedge by the International Man and they were talking about in the nineteenth century, aluminum was very sought after. It's very rare. It doesn't occur naturally that often, and now we just think of it's ubiquitous. It's like twenty cents a pound or whatever it is, because we have the ability through chemistry to make it in masks. But back then, I mean,

Napoleon had his utensils. When you go to his parties, people the poor staff ate off the gold and the silver, and the rich had the aluminum, which is funny to us now, but it was so much more expensive and by you know, the Industrial Revolution, it just the price crater, but people were getting their hands on aluminum. And so what the article cool was saying was, if something is rare, something cannot be reproduced easily, it becomes an asset. And again it's another example of hard asset. Well,

gold has stayed steady. I mean, we see what's happened to illuminum. Gold and silver have states that he especially gold, you know, silver I think is manipulated beyond the point where I can even explain it. And we've talked about this many times, where you know, even the paper price. You look and it's estimated that for every ounce of silver that they sell in paper, you know, two hundred and forty times one ounce exists in

the real world. We don't really know what they're doing, but I look at these these prices right now are just absolutely ridiculous, and I think it has to do with that's the schizophrenia in the financial system, and we really haven't reached a point where reality is rearing its ugly head. But I think that that day is coming. You know, look at this tweet by Robert

Kiyosaki. You mean the damage done and again inside job controlled demolition FTX, silver Gate Bank, Silicon Bank, and all the regional pressure that was put on. We're watching, David. I think the auditioning of the major banks to roll out the central bank digital currency. It's going to come after a crisis. So oh yeah, well, I mean the long way of saying, you need to look at what value is in the future, not your dollar. And that's true. And you know they're they're how come you've got

so many banks that are on the death watch list? Now, Well, it's because they manipulated them with what with their bonds and their treasury bonds and anything, rapidly changing the rates on these things to you know, make those bonds worthless, and they couldn't adjust their position quickly enough. So you know, now people are saying, hey, you bonds are really good investment. It's like, seriously, it was only just a few months ago that we

saw that as the weapon to destroy these banks. You know, when you've got something that's like a manufactured collectible or something, you know, yeah, everybody go get the beanie babies. Because their value is only going to go up. And it's like, you're kidding me, right, They're just making this stuff up all the time, and it's not anything that's going to have any lasting value. We see seven hundred twenty of them on the watch list.

And you know, as I mentioned earlier in this court case that went before the Supreme Court about the consumer protection financial Consumer Protection and Financial Board or whatever that was put in place supposedly to protect consumers and put in a lot of new rules about what banks could how they could do mortgages, right, and that was what was driving these banks out of business at the rate of a couple hundred a year. And drudge doesn't import on that again, you

know, but again that was a couple hundred a year. Now we're looking at seven hundred and twenty five based on the actions of the Federal Reserve and their rate manipulation in just this last year. And the ridiculous commentary from mainstream media was it was Vox who said, oh, yeah, we don't want to get rid of the consumer financial Consumer Protection Financial Board, and all the banking industry is telling us they didn't want to get rid of it because those

are the guys, the big guys who were profited from these rules. They made it impossible for small and medium sized banks to home loans anymore, and that put a lot of them out of business. And they want to keep that thing going. But that's that's the insider a game. And when we talk about silver and the paper silver and paper gold, I mean that that is essentially the same game that they were playing with securitized mortgages. You know, what do you really have here? Well, do you really have a

do you really have a valuable mortgage here? Is there anything of any value here? No, we just put this all together and then you can buy shares in it. And that's what they're doing with the silver and goal and they're doing it in Shanghai, China. You want to get your you want to get yourself shanghaied, you know, buy into the paper gold and the paper silver shares. It's easy to buy into them. You know, you just go on to into the stock market and they'll sell you this stuff.

But does it have any real value? I don't think it does. I think that there's another scam, just like the securitized mortgages. It's funny when history, when governments pick up on that before, long before the people do. And you look at what happened in the nineteen sixties, after the assassination and murder of John F. Kennedy by the deep state. We took the

silver out of our coin. It's something JFK didn't want to do. He actually signed an executive order on silver and had you know, printed five dollars bills and notes direct from the Treasury, the only president since Lincoln to do that. Well, you look at the debasement of the currency. It happened post nineteen sixty four. The governments around the world started to take notice because we were technically on a gold standard. We you know, had the Breton

Woods Agreement in nineteen forty four. Gold was thirty five dollars announce and these countries would come over and take their notes that they collected US dollars and get go to the gold window. Well, after we started debasing the currency, countries took notice. As matter of fact, the president of France, the Gaul, he sent warships over from France to pick up his gold. And

again I think they started to understand that. So there's a there's a hint here that you know, when you start debasing things, and especially since we've done this with the massive amount of printing historical that's you know, we don't these numbers even fathom them that we delved into post twenty twenty. And that's why I think this, everything that's based off dollars right now is really a skew and it doesn't make any sense. And this may be a time when

they're accumulating. You really just don't know, but these numbers aren't reflecting reality. I mean, the price of goal broke. It's all time high in August of twenty twenty, David, as you know, and what's happened since then. We've had a massive debasement of our currency since then, and even the amount of dollars used in financial transactions has dropped close to fifteen percent globally since that time. I mean, again, unprecedented. So I don't think.

I don't think the financial eleads and the mainstream media they're never going to talk about this until it's too late. And from what I'm seeing, these stress tests and other things, you have talking about the banks going out of business, and were talking about bonds and other things. The countries that are dumping us rapidly and it's happening even going into gold or going to the Chinese. You want this is this is historic and it's happening rapidly. Oh yeah.

And you know in an article where they're talking about how the use of the euro has really collapsed in the last nine months again because of this Ukraine stuff. Their economy is on the ropes, and they point out that the share of transactions in the euro has dropped from thirty eight percent in January to twenty three percent at the end of August, and they said, what is unusual about all this is the fact that it hasn't happened to the US yet.

That is right now is just in the Eurozone economy. But you know, they continue to be able to suspend reality with their manipulations. And the question is, you know, how long can they play this con game. That's another thing I noticed from the Big short You know, these guys are going around and saying, you know, look, this is what's being done,

and this is totally criminal and there's absolutely no value here. And they're going to the regulators, and they're going to the people who do the the rating of the bonds and the ratings of the investments and stuff like that, and they said, yeah, okay, well so what I'm not going to do anything about it. And this one character is like, I just can't believe that the system is this corrupt. I mean, he just could not get his head around the fact that these people are knowingly doing this. But

you know, that's where we are right now. There's many of us who understand that, and that's really what is happening. But in spite of all that, there's a zero hydraunical talking about how gold is held up extremely well in September, even against rising real rates, even as the home mortgages are starting to go up to eight percent, and everybody is TOI, oh, now you need to get into bonds and things like that. No, actually, gold is holding its own Yeah, and it always will. I mean

again, there's the charts. If you look at the actual supply of gold, I mean, right now, you know the annual supply is not well, it's not in flux. There's not a lot of volume based off of what's happened in history. Most of the gold right now has already been mine and then it's come from the centuries and centuries of mining. So this isn't something that you can't just go and and create a new stock of gold. They're not going to hit some mother load anymore. This is not going to

happen. This is any new exploration, Any new mining is very well crafted, very well planned. It takes years, it takes lots of work. So you just can't create it out of thin air. And again that's why governments are accumulating it. Well. And as we look at you know, this this mess in the Civil War and the House Gop and I I was looking at that, somebody came up with about ten or twelve possible candidates.

You know, you've already had Jim Jordan throw his hat in the ring, then Steve Scalise officially, there's other people they think may run, like the house whipped Tom Emmer. I thought, well, that'd be interesting. I don't know anything about most of these guys. I learned yesterday that mckenry, who is you know, the secret speaker pro tem? You know, they don't tell people who it is until the speaker's taken away for some reason.

Then that's like, you know, well, let's open up the sealed and find out who the replacement is. So the temporary replacement McHenry, somebody who's been involved with the World Economic form speaking there many times, just like McCarthy as well. But when you look at Emmer, I don't know his background except for the fact that he has for several years running it's been a big

issue for him to oppose this CBDC thing. And to me, you know, when we talk about all the different things happening and the economic uncertainty, inflation rearing its head, and all the rest of this stuff, and getting something that is real physical money, to me, it still goes back to

the CBDC thing. One of the reasons why I don't think that emer would get it because I think the powers it be would want to keep somebody away from the House speakership who is that that's strongly in opposition to CBDC, because that is a big push for both Trump and for Biden and for the establishment to get that through. But I think that is the key thing, is what is going to happen with the CBDC. That's always what I look at in terms of the gold stuff. Yeah, and it's going to be interesting

because economic pressure is really where the rubber meets the road in politics. You know, it goes back to the economy. Stupid, you know, but that's really what it comes down to it. Right now, we're still floating. There's a lot of i mean psychological but the economy, despite what Robert Reich and Paul Krugman say, the economy is not doing well. I know that because I have almost inverted my business where I'm buying more instead of selling.

And that's fine because we're here, that's what we do. We're a professional gold and silver exchange. But I can tell people are raising money, and I know people and you know that are experiencing harder economic conditions and having a harder time getting liquidity, and some sectors are really hurting, especially lending.

So it's it's not good. And you look at what happened when when you have a financial system that's on the ropes like ours, and when we reach some sort of calamity, candidates like Robert F. Kennedy Junior are going to be a lot more attractive. And he's talked about uh, the bill to hold bitcoin being being sovereign and having your own keys and your own wallet.

That's good and I think people are going to start turning turning to golden Look at you talked about the Costco story and you can't find gold there, Well, you can get gold from me, I can. You can lock in the trade. You can go for me anytime if if the trading floor is open, I'll lock it in for you. But people, I think again, this is this is the beginning of the end of the end result

of what's called Gresham's law. And Gresham's law is when bad money enters a system, good money goes into a hot into hiding, and that goes into hiding until this system is complete. It when it runs out of everything. It's you know again, Richard Nixon took us off the gold standard seventy one. You got to know this history because that's when our money became completely fake. And then other countries all over the world started to follow. So it's

a complete worldwide financial fake system. And they just print it's Canesian, you know. And I think even Nixon said, we're all canes In's now. Well, good luck with that, you know. John Mayner Kaine said that gold was a barbarous relic. Well, okay, then I guess I guess. I guess I'm a barbarian because I like value and I don't want to take part in your fake fiat system which has created so much evil around the world. So I think this people need to understand there's going to be a

shift in our perception of what value is. And especially even the average consumer. If you're selling out of gold at costco, that's a tell. Yeah, yeah, yeah. I think Knes in economics is a cane that people are going to lean on that's going to pierce their hand. You know. It's kind of the and as you're talking about, you know, the Gresham's law as a system runs through its completion now the words, you go through a cycle whereverybody realizes what a minute this is, this is garbage, and

we're in that right now. That's what the fourth turning is really about. People realizing that, hey, you know, Congress doesn't work. Even the congressmen in Congress understand Congress doesn't work. The federal government doesn't work. None of these institutions work. Schools don't work. They're weaponized against us. And and and you know, when people look at the financial system, they see

how it's not working and how it is also weaponized against us. That is all part of a fourth turning, fourth turning, key thing in all of them has been economics. They know, you don't always have a war, but you always do have massive economic unrest because of these institutionals, institutional things that are feeling. Tell us a bit about what's going on at Wisewolf and you know, how how are you doing personally there and with a store that's

opened up now in Texas physical presence there as well as in Arkansas. But you know, tell us a little bit about Wisewolf. What's going on? Well, this morning, I'm in Branson, Missouri, and here at this shop for the for the next week or so. I've got a great team up here, and we got Dennis and Texas running it's it's it's doing well, which is kind of one customer at a time, and it's proximity to the trading floor. And we did that on purpose to create a supply chain.

Really, David, I mean, I think that's all goal. Dealers will be defined by their ability to source product in the future. So that's what I'm doing here and we have for your listener is if you're listening live.

We haven't announced it yet, but I did a big silver buy in for ninety percent, so all those coins I was talking about pre pre John F. Kennedy nineteen sixty four or nineteen sixty three and before ninety percent quarters half dollars, and we have some ten ouns silver bars and about I think about forty thousand dollars worth. So we're going to be putting that on a flash sale for all wolf Pack members, and that's going to go out probably a little bit later today. I've had it for a couple of days.

We're giving away Constitutional Silver or anybody who joins wolf Pack or upgrade some wolf packet. If they're a David Night listener, you can go and just make sure you give David Knight credit and we'll put your name aside, and that's we're going to send you free Constitutional Silver, or if you recommend somebody to join. That's to me. Wolf Pack has been put out front because it's the community I want to build and the network, the purchasing power, all

that I'm able to do buy ins. It's it's a good good way to save, it's a good way to stack uh in kind of the face of dollar cost averaging and the loss of purchasing power of the dollars, whether gold's up or down, you can just kind of set it and we'll let us go out and source your product for you. So go to David Knight dot gold and check out the tab that says join wolf Pack. We have a lot going on there, and like I said, there's a flash sale going

on today. If you want to go ahead and email us or go to Davidnight dot gold and just let us know you come from here. We haven't put it out anywhere, so this is the first time anybody's really hearing about it. I had a David Night listener call me yesterday and I actually sold him some. I said, well you get to you get the first crack at it because I have it sitting over here to the shelf. So lots going on. We definitely want to make gold and silver affordable. Uh,

and that's why we developed wolf Pack. So every call is important to us, doesn't matter how much you have. So go to David Knight dot gold. We want you to be a part of our of our pack. Well, it's a great thing, you know that you set this up to help people be able to exchange information with each other and and learn as well as you know the flash sales like you're talking about, and then provide for you

a maiins to save on a regular basis. You know, that's the key thing for any kind of an investment program, just doing it gradually and repetitively, and that really does accumulate. And so all those things are just indicative I think of the way that you view the business, Tony. You do a great job of a service for people. And Tony I've known him for years, a great, great guy, trustworthy and all of that is very important. But you know, it's we're now starting to see that shift there.

That's why you're seeing the talk about you know, people can't find this stuff at retail, but Tony has got access to the stuff there at the trading floor and you know he'll eventually he can lock in that price and eventually get that for you. And that's the key thing. So thank you so much for joining us Tony again Wise Wolf Gold and you can find it. David Knight, Nott Gold. We'll take you there and let Tony know that we sent you. Thank you so much, Tony, Thank you, David,

appreciate it. Have a good day. The common Man. They created common Core and dumbed down our children. They created common past track and control us. They're 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. Please share the information and links you'll find at the Davidnightshow dot com. Thank you for listening, Thank you for sharing. If you can't support us financially, please keep us in your prayers. Ddavidnightshow dot com

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