INTERVIEW De-Dollarization, BRICS — and Silver - podcast episode cover

INTERVIEW De-Dollarization, BRICS — and Silver

Aug 17, 202326 min
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We're just days away from BRICS conference. Will they introduce a new gold-backed currency? Whether they do or not, its clear that the world, INCLUDING BIDEN ADVISORS, want to move away from the dollar (for Biden as apart of move to CBDC) Tony Arterburn, DavidKnight.gold, joins
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Transcript

All right, joining us now it's Tony Ardaban of wise Wolf Gold. And of course you can also find wise Wolf if you go to David Knight Gold, which Tony has set up. It'll take you to his website. Let him know that you came through us. But I want to get Tony on today to talk about what is coming up. He's mentioned it in the past several times. Next week we're gonna have the Big Bricks conference, and everybody's talking about whether or not they're going to introduce some kind of a currency.

But either way, I think it's going to be very important. Isn't it to me whether they do or not? Right, I do. I think it's going to be an important milestone on the way to dedollarization. And I sent you an article yesterday from Robert Kiyosaki talking about how they're gonna announce a digital goldback currency. And there's some dispute here because you get spokes people from the Bricks saying no, no, no, we just want to talk about

regional currencies and we want to get away from the dollar. That's obvious that's their stated goal. But I don't know that there's going to be some earth shattering announcement here, But I think the momentum is on the side of the bricks. I mean, again, forty percent of the world's population just Brazil, Russia, India, China, South Africa alone, and then they're adding Saudi Arabia, which is huge. Mexico, Japan has is looking to join.

So these are again, these are just the things that are adding up to a dethroned king dollar, and it's going to have massive implications on the US economy. And of course one of the reasons that Robert Kiyosawa is saying that and other people are saying that, was because Russian embassy said that, so we're gonna have a gold back bricks currency. But then a few weeks after that you had South Africa, which is the s and the bricks bricks

is was Brazil, Russia, India, China and South Africa. So the South African government spokesperson said, no, it's not going to be a gold back currency. We're not going to do a bricks currency. But this is a way for us to settle things on a local level. We just had this last week, this happening yet again, an agreement between the UAE, the United Arab Emirates and India so they could settle their petroleum transactions not using

the petro dollar, but using India's currency. And this is what's going to really multiply with this man. And that's why, as you point out, so many people are trying to join bricks. Now forty was at forty seventy. I don't remember what the number was all these different countries applying to join bricks. It used to be just five of them, and now they've got you know, several dozen. Well, I mean you didn't hear them much

about bricks two three years ago. I mean it would show up. I mean, if you're if you're a gold bug like me, you would see it, but not in the mainstream. And now it's everywhere. You know. You look at something Joe Biden did, David and uh, look at the announcement he made to Saudi Arabius say we're going green and we're supposed to

be the petro dollar. Yea. Again, this is why you know, what was it the liquid natural gas exchange that the China did on the Shanghai Exchange, the first one to use that you want, this is about four or five months ago. Again, the creating in dollars is slowing down. And I'm not an economist. I'm not a scientist or anything, but I know that there's something called money velocity. It's the amount of currency units in circulation, you know, minus demand. And again the demand is shrinking,

and it's not shrinking catastrophically. Well. I mean, if you count, you know, twenty twenty one, fifty six percent of all the world's financial transactions went on in dollars. Twenty twenty two is forty six percent. It's pretty bad. And I think it's it's shrinking still. So what we're looking at, David, I think is a long road to d dollarization. It's giving people I think there's a blessing here, giving people time to prepare.

But we're we're not going to remain the world's reserve currency for much longer. And I sent you an article yesterday from Kitko and it's an interview with Annie Schickman from Miles Franklin, and I think he thinks a lot like we do. He's noted that there's an economic advisor. I think the chairman of the Economic Advisory Board for Joe Biden has written op eds about why we should not be the world's reserve currency. Why we should have the dollars should be dethroned

from king dollar. And again you wonder why would they do that, Well, Andy points out, I think that's pretty apt. In what we've been talking about from years now is they want to bring in the central bank digital currency. It's easier to do if you've got an economic crisis. If you're not having to facilitate those those dollar units and trade all around the world, it makes it a lot easier for them to do so. Again, I think the some of the elite are rooting for this, maybe some are,

Maybe there's different factions. I know that. You know, we've talked about many times how the Federal Reserve has raised rates in spite of that hurting the US economy, and I the only thing I could take away from that is they wanted to remain wrong it. Sorry's purchasing power in the world, that's what That's how you keep a strong dollars by raising interest rates. The headline on Drudge today is like housing interest rates mortgage rates to eight percent. Yeah,

that's in direct correlation to what the Feds doing. So I think there's there's multiple things going on here, but one thing's for certain, the dollars not looking good long term. And of course you know they've already illustrated over and over again how they are willing to destroy our lives in order to preserve their power. That's what the Federal Reserve is going to do to preserve their dollar as much as they can. That's why they're talking about eight percent interest

on home mortgage loans. The first home lown we had when we got we got married in nineteen eighty, moved to Texas. Interest rates are sky high there. They kept going up even after we got our interest rate, but our first interest rate was thirteen percent fixed. That was disastrous. You know, Well then, you know, do you moved to Well, my dad was building houses back in nineteen eighty and I always hear the stories about how hot it was, because that was the year that they still haven't broken the

record yet. They would just bite all the global warming and the global boiling or whatever they have now going on. There was I talked when when I was on with Guard about this. They had what was it, fifty two days straight of one hundred plus temperatures in nineteen eighty, So that you're a veteran of that Oh yeah, I know. That's why I don't believe this stuff. People lying, And I've seen temperatures all over the place in the last fifty sixty years, so yeah, it is. It's pretty crazy.

But yeah, the temperatures are high. So were the interest rates, right, So you know, the temperatures didn't get any higher yet, but the interest rates did go up higher. And then you had this massive crash in Houston because at that point in time, the rest of the country was really suffering economically because the massive inflation. But things were booming in Houston. You know, your dad's they're building stuff because the oil industry and other things like

that. And then when the rest of the country started to recover, Houston went into a big crash. You couldn't get rid of a house. You were stuck with that stuff. And so it was a really horrible situation. And they're willing to do that again to us in order to preserve their power. You were talking about these economic advisors. You know, this is a he's got a couple of economic advisors. You know, this kit Co article

talks about it. His op ed piece back in twenty fourteen, we need to dethrone the king dollar and so they want to get rid of the dollar, and then the other economic advisor wants to push in CBDC. And they see that these are two of his key economic advisors. And it's interesting this article doesn't even talk about the fact that that's when Biden put out his order last March. He said, well, we got to redesign the financial systems first thing, he said. Then we got to find out how we're going

to enforce it. Then we got to write the code. And then the fourth thing is how we're going to sell to people and tell them it's to protect the world from climate change. But they're looking at redesigning the entire financial

system. That was their number one objective and all of that. Yes, And what's confusing about all of this to anybody who's studied history and looked at geopolitics and foreign policy is that the current ruling regime is not making moves to make the United States stronger, even if you're even if you're misguided on your philosophies, they're not doing that. They're doing everything they can to, I think, bring about some kind of controlled demolition. And if you're in the

know, you're going to profit. But it looks like all of this is geared towards bringing us to the point where people accept a central bank digital currency. They're not trying to really save the dollars. They're not. They're not doing anything economically to profits back up. They're not bringing jobs back, they're not stopping they're not. There's no inroads to peace in Ukraine or Taiwan or anything. This would more tension and more economic disastrous news for the dollar.

That's right. And the guy who did this article, that's the way he ends it. He says, does anybody want to give up their privacy? Does anybody want to go into this control system of CBDC. Now you said there's going to be some kind of event, as you point out some kind of controlled demolition, you'll watch this stuff just go into freefall, just like the inside Job of nine to eleven. And then they're going to have something

that they're going to offer you. Just as they started putting us into this police state, the surveillance States, Homeland Security TSA stuff right after that was already planned. And you know we've seen the second shoe of that to drop with all this pandemic stuff. So they've got their plans that are there and the good news is is that there's some things that we can do, even

on an individual level, to isolate ourselves somewhat from this. If we understand that this is what's coming, and that's the gold and silver stuff, and of course silver is looking. It's just amazing what the multiples are about. That, isn't it. Well, you know, we just talked about nineteen eighty. That's interesting because that's the highest silver's ever been. It went to fifty dollars an ounce because of the Hunt Brothers. They drove the silver market

up. They tried to corner the silver market. I think that they were somewhat taken out. I think that the powers that be saw what happened to gold and silver during the seventies. And by the way, that's why your mortgage rates were high when you bought your first home in nineteen eighty, because the Paul Volker, who's the head of the Federal Reserve, had to raise interest rates to the teams to quell inflate. We had to run away inflation

in the nineteen seventies. People didn't really know what was happening because we never had that before. We always had a dollar as good as gold. I mean, even even when you couldn't own gold, it was theoretically peg to gold. You know, Franklin Roosevelt took your gold twenty dollar gold pieces, which is basically announced of goal, gave you twenty dollars, and then raised

the price of gold of thirty five dollars an ounce. And that's where it was from nineteen forty four at Bretton Woods until Nixon took us off the gold standards. So there's been a correlation there between interest rates and inflation. And at the same time, you had silver being riven up by the Hunt brothers up until nineteen eighty fifty dollars an ounce in nineteen eighty, David, that's like, I don't know. I mean, I'm just estimating two hundred dollars

in purchasing power today, maybe maybe more. But we have cheap silver. The gold silver ratio is skewed. It's never it's like eighty three or eighty four ounces of silver to make one ounce of gold. It's always been ten to sixteen to twenty. It's never been like this, And I think this is just part of the fake market that we have, you know, the paper trading, the bullion houses, and I think the collusion between central banks and those who hold the most silver, Like you look at JP Morgan.

They they're the largest, i think, private holder of silver in the world. They have a vested interest in keeping silver low, do they not, because they need to continue to acquire physical silver. Silver is used in it's the most thermal conductive metal. It's used in solar, using an electric using medicine. It's an industrial metal. And again, only twenty four percent of the output for silver is from silver mines. The rest of it is just

accidents, like people are guarding people. It's entities finding silver and gold mines or zinc mines or copper mines. So there's not enough supply to meet the demand for silver. And that's why you hear things like it's going to take a kilogram or more of silver for each electric car. I'm not a fan of electric cars, but you have, you know, new government mandated electric vehicle laws, and then you've got I just found out I bought the last

of the Dodge Challengers because they weren't gonna make it anymore. I mean, it's such it's and it's such a sign of the times. You know, it's like, oh, we're gonna make it electric. I'm like, oh, so it's not gonna be good at all. It's just gonna be this I'm driving a golf cart. I'm not really I'm not really into that.

So no, I think silver's got a huge upside. David, I sent you that article yesterday, and we're not you know, we don't you know, I don't give an investment advice and I don't even think of gold and silver as investments. But I think their true value has not been It's really it's really not showing right now. You've got gold dip below nineteen hundred, and that's silly knowing where you know, I was hosting your show when it broke. It's all time high. I'm breaking into the two thousand and sixty

range back in August or twenty twenty. How much damage has been done to the dollars since then, I mean massive damage. So we know the purchasing power of the dollar is waning, and gold and silver are They are a function of housing, energy, and work. They're a representation of that the dollar is not. Yeah, and just remember the rich rarely horde cash.

They almost never do. There's a reason for that. Yeah, Yeah, you go back in nineteen eighty and you look at various benchmarks salaries in the field where I worked, you know, they're like three and a half to four times higher. Price of how is there about five times high? The

medium price of houses is about four or five times higher. So yeah, it truly I think your figure of two hundred dollars silver is conservative, especially considering the fact that we were not in the nineteen eighties looking at the big industrial uses that you talked about with evs and other things like that. And Kira sawas he's talking about it, he says, you know, gold and silver, he's you know, doom and gloom. He thinks this is going

to really collapse. But he was especially talking about silver. And then of course it's also a bitcoin. He's got big projections for what's going to happen with a bitcoin. But he's not the only one. I saw this article from this is from Seeking an Alpha one hundred dollars pronounces of silver as well possible. And you know that would again if you go back and you look at what silver was in the nineteen eighties, and there were other things that

were happening to distort stuff at that point in time. But yeah, that is still pretty conservative based on historical prices, isn't it right? You've got fifty dollars in nineteen eighty, then you had again, it reached nearly fifty dollars in twenty and eleven, and then Ben Bernanki came out and said that don't worry, we won't do tarp again. That was a mistake. We won't bail out the too big to fail and too big to jail. We're

going to be very conservative. This isn't gonna happen. So people started selling off their medals because people run to gold and silver in times of fear especially. There was an article Simon Black of the Sovereign Man on zero hedge today. It was like, I'm rooting for gold to zero, he said, but that's not going to happen. And the reason he root for gold to

zero is because gold is where you go in times of uncertainty. So it'd be okay with them if things were just great, but they're not going to be you know, he's talking about it's not gonna it's not gonna be good because you've got the rise of socialism, the rise of kinetic warfare, psychological warfare, the rise of CBDC. You know, the totalitarian and push from the from the top, and I think I'm with him. You know,

physical metals, and that's where I would go first. You know, Robert Kiyosaki is somebody that I've listened to for many, many, many years. I've learned a lot from him. He taught, he's been talking about bitcoin. I mean I read about him talking about bitcoin in twenty fourteen. I bought my first bitcoin ATM in twenty sixteen. I think bitcoin was like three hundred and some dollars. I remember buying them to stock my ATMs. I should have just bought bitcoin, but I happen to agree with him first on

the physical metal side. Never buy paper. You want it in your hand. You want to be able to physically hold it because you don't want any counterparty risk. And there's gonna be there's a huge disparity, ladies and gentlemen between the paper price and the physical price. That's got I'm a dealer. I deal in the real world. If you want announce is silver, I have to source it up to find it, and there's a premium on that. It's not because I made it, it's because that's what the that's the

economics of it. Same thing for cryptocurrency. People, you know, are again they've been led to believe that the cryptocurrency is basically a central bank digital currency. No, no, no, cryptocurrency is about you holding the keys. It's about you having your own wallet, it's about you being able to control that, not tied to an exchange. And the waters get pretty muddy here. So I'm not advocating across the board crypto. I do think it's

an option. I do like bitcoin, and I'm pretty bullish on bitcoin. I think that there's there's still a lot of room for adoption, and it's one of them. You know, he talks about that article I sent you that gold silver bitcoin in that order. I agree with that, and you know, again, you don't have to hold bitcoin, but I think it's something that is going to play a role here in the future. We're just

we're just getting warmed up. This is a this is going to be a strange time when you see the loss of the dollars, the world's reserve currency. David, Yeah, yeah, And what you were saying about paper gold and paper silver, I experienced that when I had put my my ira in that and I saw gold and silver going up and it was just going horizontal. It's like, what's going on? Why aren't these things moving? And

I started looking at it. It's like, oh, okay, it's just an ETF and they don't have to have anything there to back this up. That's what it's doing, its own thing, and it's detached from the actual spot prices of the physical metal. That was a real tell. So anyway, I got out of that stuff, but it is kind of interesting. There was also Tony an interview with a Congressional Budget Offices director on CNBC's squawk Box, and the guy said to him said, well, why not use

the strength of the dollar. We know we can do as much as we want. We're always going to be able to borrow, So let's just really ramp it up. You know, canes in and let's just engender five percent GDP growth from government spending. Damn the torpedoes will worry about it later. People think you can do that. It's called MMT. So the Congressional Budget Office director, who unfortunately doesn't set policy, but they kind of look at what the Congress is doing. He says, yeah, I think we've seen

the downsides of that. Over the last few years. But that's really what has been happening. And that's one of the reasons why we're going to feel the shock of this move away from the dollar as reserve currency. And that is going to happen even regardless of what happens is next week with bricks, regardless of whether there is ever a bricks currency next week or after that, everybody's moving away from it. And that's what we're going to feel in this

country. Is that kind of that loss of being able to detach ourselves from physical reality. I think gravity is going to come back, come roaring back on the US politicians in Washington, don't you think, Well, you talk about psychedelics, so you'd have to have me on some strong psychedelics. I don't know where these people went school, but they must have had a library devorde of history. You don't have any fiat currency that's ever lasted through history,

not not one. You started with the Chinese, it went to the Greeks and the Romans, and all throughout history. Whoever has adopted a fiat paper currency, it goes to zero. I mean, the philosopher of Voltaire said that about paper currency, it always returns to its natural state and value, which is zero. That's where that's I don't know that we're headed to

zero, David, I've always said we're headed to digital. Uh, there's there's too there's too much evidence to point to the fact that they're doing it

on purpose. I mean, you could see this coming a mile away, you think so, I just I just want to caution everyone that you would want to look out for what the the aftermath of of the dollar losing its world's reserve currency status, and it's going to mean myer consequences for purchasing power, the the the economics of the United States is going to be under pressure for that, and so be prepared. We've set up David Night dot gold. You can get the physical precious metals. We don't have a minimum.

You can go there anytime, send us an email or a text, day or night. We'll get back to you. We can roll over four oh one k's IRA is very easy into physical precious metals. And we've also set up Wolfpack, which again David Night dot Gold click on the links as joined Wolfpack. If you think you can't afford precious metals, you can. We set up the lone Wolf package fifty dollars a month as the lowest tier. We also have a wolf Cub which is for kids. It's thirty five dollars.

And what we've been putting, you know, explanations of coins and different types of fractionals in there. The studs a learning tool. So we've got all the options available out of the dollar. And I'm not this isn't it's not an investment advice. It's protection advice. Get out of the dollar, get physical precious metals in your hand. It's a way to set up the

parallel economy and you'll be empowered by it. That's the key thing. We know that SEBDC is coming, and we know that many of the downside risk we don't know the financial risk and how they're going to play out with this loss of the petro dollar. The loss of the dollar is a reserve. But the key thing is, and you know we're talking about paper before.

One of the reasons that people will get into paper silver and paper goal is because they can get into it in small amounts and do it incrementally and things like that. But you know, they can get physical goal with the program that you set up. They can do it on a regular basis and buy into it and very small amounts, and you will sell people whatever they want, big or small, even outside of the wolf Pack program. And so you've got a way that you can gradually do this without noticing it, a

way that you can get into it at any level that you want. So there's really not any upside to the paper stuff that is really kind of divorced from the reality of it, and it's something that you get to hold yourself. That's the key thing. You know, it's real money, and it's real money that you hold yourself, and that's that's the key thing. Thank you so much for joining us, Tony, and it's always good to talk

to you. And it's always good for people to have something that they can do to prepare and if you want to prepare for a financial unrest and risk, and not just that, but also the surveillance and the control that they're trying to prepare for us, the key thing to pay attention to is gold and silver, and perhaps to a bitcoin as well. I'm just not comfortable

with that myself, but that's why I like the physical stuff. It's real simple for somebody that is starting to get disaffected from technology, as I am Thank you so much for being on Tony again. Wiswolf dot gold and people can find that with David dot Gold. We're gonna take a quick break and we will be right back with our guest, who is going to talk to us about artificial intelligence and how that is impacting and also about inflation, how

that is impacting wages and causing strikes in many different industries. Will be right back. Stay with us, the common man. They created common Core and dumbed down our children. They created common Past to track and control us, their Commons project to make sure the commoners own nothing, and the communist future. They see the common man as simple, unsophisticated ordinary. But each of us has worth and dignity created in the image of God. That is what

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