All right, and joining us now is Tony Ardeman of Wise Wolf Golden. Tony has been a big supporter of this show. Really to appreciate that. He's set up David Knight on gold so he knows if you're coming from this show. But yeah, I'm looking at and talk last week Tony to an
economist from Argentina. You know, they're depending on how they you know, if it's the government counting and the inflation for its other people, they're at one hundred and twenty five percent to one hundred and fifty percent a year inflation. I mean, things are just out of control there. But we were talking as you came on, and you said, there's an interesting story about the Federal Reserve and they put themselves in something of a buy and tell us
about that. Thank you for joining us. Well, it's great to be here, David. Yeah. The Federal Reserve is losing money, which is it's kind of akin to look if you're trumping. You own a casino, but you bankrupt. That's really hard to do. Michael Mherry put out an article on zero Hedge from Shift Goal and apparently in the charter of the Federal Reserve, if they make money on interest they have to pay the United States Treasury, but if they lose, the treasury has to cover their losses.
And right now the Treasury of the United States is covering the reserves losses because of raising interest rates. And this is going to continue because inflation is not going away. They're not able to raise rates enough to stop this. I
mean, because the trillions and trillions that were printed day. We talk about devaluation and inherently, you know, talking about Argentina inflation in general, if you got the currency is evil, you know, I mean, we laugh about it, and we talk about hyperinflation and wheel barrels full of of deutsch marks, you know in the nineteen twenties and nineteen thirties and WYMI Republic Germany. But it hurts people and destroys lives, and of course enriches the most
powerful because they control the money supply. Was talking to a friend of mine last week and I said, you know, Fiat currency is a lot like tinker bell. If you stop clapping, it dies, you know, the same thing with the same thing with our world's reserve currency status, and you know, it is crazy. I had a friend send me a link yesterday to Miles Franklin, Andy Shekman over there in Miles Franklin, who I follow, and is it? Is this real? And what the headline was that
the wholesalers and trading houses are running out of gold and silver. And I said, well, you should have listened to my show. I've been saying this for quite a while. They're quietly a lot of the larger capital holders are quietly buying up the supply because they see the riding on the wall. You know, inherently you can't save your way out of this crisis because fiat currency is always losing value, and the dollars slower to lose than others.
But you know, again the Fed, the Fed itself is losing money. That that's a huge that's a huge headline that should be everywhere. I mean that is you would think it. How do you lose money when you make the money? You are the money, Yeah, and you lose it. Don't know where they put it? I guess at this point that is truly amazing. And when I was talking about what was going on in Argentina, one guy was talking about how you know this whole idea of the Fiat currency,
you know, doing it for sovereignty control. And yet as as you see the situation in Argentina, they have lost control of this situation and they're losing their sovereignty now as well. And so all these it just blew up and backfired in their face. But there's something else that's going on with gold. I want to get your comments about this. This is a piece on zero hedge from gold Fix and saying the comics pricing is a lie. Why
is China's price higher than the comics exchange? And they talk about the Shanghai Gold Exchange. They said gold was approximately two thousand and four dollars per ounce, whereas in comics it was nineteen hundred and thirty five. So why is this spread happening? And we see that kind of spread happening as you've talked about many times before with the ETFs of GLD and SLB gold and silver ETFs. You know what is going on with that kind of rigging? Is that
part of the shortages. I think it does correlate to that. I think what you're witnessing, whether it's the European Central Bank or the Federal Reserve the West itself, I think callus with the bullion houses in the paper markets to keep the price of gold and silver suppressed, whereas you see the bricks nations trying to break away create their own currency back by gold, and especially China, they want the price of gold to go up. They're not at war
with gold. But the West is the Federal Reserve, especially is the world's reserve currency status. And you, you know David better than anybody. Look at the nineteen seventies. We talked about this all the time. You know, when gold was taking when the dollar was d tethered from gold, the price of gold shot up, and they had throughout the seventies they didn't know
what to do. I mean, they had Paul Volker at the end of the seventies raising interest rates to the teams because inflation was out of control. They really really tried to put that genie back in the bottle. And they did that really by getting people to turn away from gold, by trying to crash the price. And that's again, that's I think that's indisputable. You look at what the Fiddle Reserve has a massive interest in keeping the price of
gold suppressed. This country, the United States of America, hasn't bought gold since the nineteen fifties, we haven't added to our gold reserves. Every other country on earth has again that since two thousand and nine, all central banks around the world are net gold buyers except one, and that's the United States. Yeah, well why do that wing just print paper money? And that's the key, you know, when we look at it and it's all relative.
But it is kind of interesting to see how people are actually operating in that black market. They're still hanging on to cash. They understand how important it is to have something physical. In Argentina, even though people are going
nuts. I mean, the prices are going up over twelve percent each month on everything, and they so they're going up so fast sometimes you know, they're going crazy, running from place to place trying to find the place where they haven't raised it yet so they can buy the commodity there before they can raise it and then run to another location to get it. So it's that
that inflation that is impoverishing everybody. You know, about half of the people are below poverty rate now because of this inflation and because of the Marxist economics that are there, and so everybody is focused on economics, especially in Latin America, that is their central thing. They're not out there fighting over social
justice or the climate changer, and they're just trying to stay alive. And one of the things that he was talking about, they call it, interestingly enough, when they talk about blue states, they call it, instead of a black market, they call it a blue market. I thought, well, we might as well adopt that as well, because that maybe fits better with the economic misery and austerity inflicted on us by Democrat states, a blue market. But he was talking about how they would have people come in with
suitcases full of money. You could go to a nice hotel and you want to pay for it in cash. Then you call up this service and they come in with suitcases full of money and hand it discreetly to the person behind the desk, and they take it back there, and they've got money counters like a casino to do that. I mean, that's the kind of that. That's the way the people are coping with this by keeping trying to cope
with it by keeping cash. But they're too poor for the most part to be able to afford getting into gold or silver at this point now, and that's the point they've waited too late. You know, they're on the other end of money velocity. Yeah, that's death, the death of money. When money dies, that's what it looks like. I don't know, I talk about this all the time. I remember going into Iraq when Mozol fell. They sent us to the bank because people were taking all the the dinar.
The actually the bank, but no one was stopping that boxes bull of Iraqi dinar with Saddam who saints picture on. Nobody wanted them. The currency has died in one day and people were trading US dollars. And you have to remember, too, what was it the fifth plank of the Communist manifesto, David is a central bank and the end the end game of Marxism, right is and to if you want to destroy a country, you first debauch its currency. That's quoting Lenin, and I think that's that's really what this
is. You mentioned being able to get into gold or silver. Yeah, this your fiat currency, I don't care what country you're in, is constantly losing value, and the dollar is losing purchasing power. It's it's a game of it's a really deadly game of musical chairs with value. The knock. No one's going to tell you that you need to get out of the fiat Currency're gonna tell you to get into the markets that the fiat currency props up. And this is I think this is another thing we'll talk about before.
I know you don't have to give an interview coming up, but I wanted to mention something about four oh one ks and I raish, but this is this is really a being opportunity for people to look at what happens. This is the endgame of fiat currency Argentina something like that. We don't have that here yet because we're the world's reserve currency and that is money velocity that the
demand for our currency is very high, the tradeability is very high. Eighty percent of all the paper currency in the US is outside of the continental United States, so people are still using but that is dying, you're I mean, we've mentioned this before. Twenty one seventy five percent of all the transactions went on in dollars around the globe, twenty one fifty six percent, twenty twenty two forty six percent, and it's declining because of our sanctions. We
have forty sanctions on thirty six different countries. So the dollar is on its way out. And again it's not happening tomorrow. It's it's you're look. You look at the slow decline, and it may happen one of those gradually then suddenly, you know, kind of things that tends to happen in the modern era. But I would pay attention to what's happening. And I noticed there's some things going on in my business. I know people need money.
I'm watching my purchase ratios go way up, the people trying to sell their gold and silver holdings, raising raising capital, and I totally understand that, and I start, you know, I make money either way. It's it's it's part of what I do. But I hate to see that because I know people are going to need that, especially when you see the loss of
the purchasing power. And I was part of that panel. I spoken in New York City last week on near the anniversary of nine to eleven with Richard Gage and Charlie Robinson and Wayne mccroy for and Don Jeffries for Freeworld dot NFM. And I was talking to my friend Charlie Robinson and he said, how's the four oh one ks and IRA's doing? And I said, you know, it kind of went really quiet. He said, that's shocking, like,
I can't believe that more people aren't doing that. I said, I know it is right now there is a calm and the storming still get supply. It's really easy to do that, but it's kind of alarming. I mean, I said, he mentioned it. I said, I hadn't thought about that, but a lot of that has dried up, and I think people take a second look. If you're looking at this market and the studying it like David and I do and saying don't. I don't think this is
going to have a good outcome. If you're tied into the to the fiat system, which in and of itself before one case, and the stock markets I raised, all of that's tied to paper. You might want to take a look and give us a call through David Night dot gold, because I can easily put you into real value. There's another article that came out today on Kitko and it talked about how gold was not affected by the European Central
Bank raising rates. It's another example of why the gold price has remained high or higher in the face of them raising rates, which usually drives it lower, because that is the way that they show that their fiat currency has strength, a strong dollar, European central Bank raises rates. Gold doesn't do anything that should tell you a lot because the gold demand is so high with the central banks around the world buying it. Yes, yes, that is true.
And you know when you think about an ira or something, the key thing that you want to have with your retirement is preservation of capital. Uh. You know a lot of people say, well, you know at your age you need to be concerned. Well, you need to be conservative at any age you don't want to. Uh, you get into a situation where if you speculated a lot when you're young, then you don't have it later on either. So you know, you want to preserve your capital and that's
going to be one of the key things to do it. I think it's a very safe haven to have gold there. But you know, as you're as you're talking about the looking at Argentina, what it looks like. How you know people are still going for the dollar, but you can see the
weakness in it. One of the stories that I was looking at they were talking about the the fact that you know, Javier Malai, who is finished in first place, a political newcomer beat the other parties and now he is still strongly in the lead for the coming election, and he wants to just completely get rid of the Argentine peso. He said, nobody wants it. They can't use it for trade with anybody outside of the country, and so you can't. China won't take it, the US isn't going to take it,
nobody is going to take it for goods. And then within the country it is rapidly losing its value at like twelve percent a month. And so he said, they looked at it and they considered, well, you know it, would it be the dollar, would it be China? They said, China's got a lot of strings attached. But I thought it was interesting that it wasn't that they did consider the Chinese you want, instead of only
looking at the US dollar. And that's a warning sign as you point out the fact that or the dollar's dominance because of what Biden has done, the way he's weaponized it and so forth, it's taken a big hit. And who knows what they will do. I mean, who would have thought a decade ago that they would have done to our central energy grid the types of things that they've done to make it vulnerable and fragile. And look at what they're doing in the financial way as well, the central control of finances.
Same type of thing is happening with the central banks, that's happening with a central grid. They're working over time to try to make everything fail. It seems like one of Biden's economic advisors, one of the top advisors, has written op eds on why we should lose the world's reserve currency status. Ass that's insane to me. But yeah, the calls are coming from inside the house. I mean, this is a controlled demolition of the American Empire.
It's a great book by French Charlie Robinson. I mean, you look at it across the board. You know, we talked about nine to eleven this past week. I mean what was that all about. I mean you look at the cash heiightst that happened, the debt that was added. You know two the year two thousand, David the dead of the US was five trillion. It's thirty trillion now and climbing. These numbers are unsustainable. But again, who benefited Kubono? Just the elites that look like they're they're looting the
treasury. They're going to bring themselves in for a soft landing. You know, you look at the twenty nineteen the largest mass exodus of CEOs ever in recorded history, right before COVID nineteen eighty four. So you know, again, these this class of people, the ruling elite, especially tied into the banking houses and the multinational corporations, have no interest in the United States being
a strong economy or a free market or anything like that. And so you're you're watching that decline and it's it's directly correlated to the world's reserve currency status of the dollar. This is unfortunate for There's a great quote from our Buckminster Fuller. He said, people cannot get out of the way of what they don't see coming. That's right. Now, that's the key thing. That's
what we're trying to do, is to show people what is coming. Show people what's coming with the lockdown and the you know, the vaccine mandates on the way, and the vaccines are on the way. If you don't understand what the game is, if you don't understand what they what they understand. And I played it again yesterday. It was back in March of twenty twenty two. Biden said, you know, one of those times it happens about
every four generations and it's going to change everything. We're gonna have a new world order and all the rest of stuff. It's like, yeah, they know this. We need to see what's coming. We need to see what they The train that they have running down the track straight on head on collusion with us that they have put on that track tell us a little bit tony
about what is happening at wise Wolfs. I mentioned earlier, we're looking at options for folks who want to turn their you know, IRA spot one case, you want to roll that into physical precious metals. I know, we're looking at supply and different deals I mean right now, and I've learned over the years of doing those that you want to put people in the most out of medals for their dollar because that's the way it's going to because of the
fees and then things rolling over. So we're looking at how to get people into the most you know, quality metal for their dollar and something like that. Same thing goes with just direct purchases. David, you go to David Nott dot Gold. You're gonna be able to get in touch with us really easy. You can text us and I've got a team that you know Branson, Missouri and Dennis and Texas. We'll we'll source product for you and there's no minimum. That's one of the reasons I built my business. We don't
have a we don't have a guessing game. It's not a magic trick. We don't want to know how much you know. We're just going to tell you this is how much metal we can get you. These are the quality products. And of course Wolfpack I really, I really want to get Wolfpack to a thousand members. I'm really close, and a lot of those are David Night listeners. And we've had some cancelations because I know the economy is tough. But if you think you can't afford precious medals, you got to
David dot Gold. You click on join Wolfpack. It is easy. We direct ship the precious metals directly from the brands in location. I sourced them from from all over the country, but especially the trading floor in Dallas, and we got a lot of variety there. But you can start as little as fifty dollars and we have a lot of new things being added to Wolfpack. I have some specials coming up. There's flash sales. It's just a good if you're if you're looking to get out of the dollar, which I
think you should. I don't think you should save the rich. Don't save dollars, ladies and gentlemen, the rich, don't hoarde cash. Uh, maybe a little bit for you know, again, like David talked about, you have a little bit on hand, a little variety to trade. But look at precious metals. We send you a variety through Wolfpack. And again there's lots of incentives. There's gonna be there's gonna be some more flash sales coming up. You know, Kinsey's working on a buy in on small fractional
gold, so you look for that. If you join Wolfpack, you'll get a text and we'll have some some of that and so lots going on, and we definitely want to continue to support you and we appreciate your listeners. There's it's a weird time in the economy, and I understand that I'm seeing that I'm on the front lines of it, and there is a shift going on. Vidonomics doesn't work. I'm here to report because my business is totally
different this year than it was last year. Yes, yes, absolutely, let me ask you a technical question before because we do have to break off a little bit early so we can establish contact with doctor Kaufmann. Well, let me ask you about the IRA thing. When you have to take withdrawals, do you can you take the withdrawals in the form of the metal itself or doesn't have to be converted over to a cash. Now it's your metal,
Okay, you would take that. Yeah, we'd have to calculate it to go through new direction trust and have to do all the legal stuff. But when you would draw that's your metal. If you buy you know, ten one ounce gold American eagles, those are your American Eagles. They go into your vault. You pay it's a one hundred and seventy nine dollars a year fee. But that's your metal. It's not paper, it's not it's not an alledger somewhere. It's it's yours. And that's that's the difference between
buying physical precious metals and buying something in It's not in Shanghai. You're not gonna get in Shanghai or that. So that's good enough, and that's a very important thing. You know that you be able to preserve it that way without the additional exchange fees with it. Thank you, So much, Tony, appreciate you coming on and thank you for all that you do for the
program. It's a great program, folks, especially the wolf Pack where you can set us on, you know, set up a regular savings program there and also a community that he's got there. It's a great program. And as we start to look at this, you know, as things starts to get tight, understand that on the back side of this, one of the safest places that you can be is going to be in gold and silver.
I really do believe that. So do your own research and you know, don't take my advice as as an expert, but we do know how dangerous the paper currency is. Thank you so much, Tony Ardavan Wise Wolf Gold and you can get there at David Night dot Goal. Thank you, Tony, appreciate it. The common man, they created common Core and dumbed down our children. They created common Pass to track and control us, their Commons project to make sure the commoners own nothing and the communist future. They see
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