INTERVIEW What Happens to Money in 2025?

impossible for them to know who hacked them. It could have been any state actor that could have made it look like the Chinese if in fact they did that, or it could be any individuals. It could be any criminals who wanted to do that. So we don't know. So they've obviously got an agenda to say that it was a Chinese who did it. And of course that's the other thing that's worrying about twenty twenty five, that is a war with China.

going to continue to lose purchasing power. And I know this because Trump's calling for the removal of the debt ceiling thirty six trillion dollars in debt that only increases about every one hundred days. You see another addition of about a trillion, So the dollar is going to have to be weakened in order to inflate their way out of all the fiscal damage that's been done over many decades. And that's again all accelerating the same thing with gold.

Gold's going to continue against the dollar, will continue to rise in price. But these are all things that I think, I think, you know, we step back every week and we talk about this. It's not necessarily the gold is the best investment on earth or something. It's just money against something that is fake. Gold is always going to retain some sort of value, and we talk about that just relative to what it was purchasing power one hundred

years ago. I mean, gold buys the same amount of land, crude, oil, clothing, and groceries that it did relative to you know, again price of inflation or you know, any statistical anomaly. Gold is going to buy about the same amount of product that it did one hundred years ago. And looking at the markets and everything that we're seeing now, there's no reason to think that we're going to get fiscally responsible. Even if you bring in something like the Doge thing

with Elon Musk and Vivt. When I'm Aswami, you're still going to see even if they are able to lay off people and cut government spending, it's going to cause damage to the GDP. We are reliant on debt, We are reliant on the creation of cheap fiat currency to maintain this system, that system, and that's the fatal flaw in the fiat currency system, in the central banking system is in order to do anything, you have to create

more currency. You know, that is the truth if you really boil it down, because we have a central bank, the way it works, if you were ever to try to pay off the debt, you would have to create more currency to do it. That's the snaky in its own tail. That was you know, the Federal Reserve itself. So we're not going to get out of that trap.

And that's why I think things that are finite gold, silver, bitcoin against our modern you know, fiat currency monetary system, we're always going to be doing well.

course Congress won't act on it. So yeah, it isn't going to really make any difference with that well, you were you know, I guess the last week or so I talked about the fact that there was there was an article saying that for every dollar that the government spends, it takes five dollars out of the GDP in many cases, but I'm sorry for taxes, should say every dollar in taxes,

it takes five dollars out of the GDP. But E said for every bureaucrat job, that one bureaucrat destroys one hundred and thirty eight jobs with regulations, and.

music and I had some fond memories of it. We had a little bit of time with the holiday, and so we watched a TV production of it that was done by Robert Goulay that really focused more on the music then on the sets and things like that. They didn't thing, so I thought, well, that was pretty good, and I thought, and at the very end of it, it was the whole thing was sponsored by Armstrong. Andy said, well, you can pick up this album for one dollar at

the Armstrong store. And I thought, I wonder if anybody's got that album. And I found it on the internet and it only costs four dollars, and I said, I wonder how much that one dollar in nineteen sixty six would be. Well, of course, you know, they use these inflation calculators, use the government's calculation, so it's it's under reported. But it said that that one dollar album would cost ten dollars today, nine to ninety five. And Whistler said, well,

look at that. Look at all the money you save just by waiting for sixty years. But that's the whole reason we get gold, isn't it Because gold appreciate some of those period of time because the dollar is depreciating against it, it's still staying the same.

of these metrics, I don't even think they're real. I mean, look at the price of silver. I don't think the price of silver should be what it is today. I think it should be much higher. Just given the fact of the deficits and silver that are in the two hundred million ounces a year that were short and have to take from the above ground supply. The gold silver ratio is completely off historically, We're way off the mark

for that. So I watch all kinds of things like that, David, that lead me to continue to be bullish on whatever that means for pricing on gold and silver. But the world's moving away from the dollar. That's certainly going to change all of our perceptions of of what the dollar means and what our financial situation is here in the United States. That's going to continue to be precarious, It's going to be up in the air. Because the world's

dumping it, and it's dumping it rapidly. I mean, I saw a metric the other day it was like world usage of the dollar in foreign reserves was seventy three percent or so in two thousand and one, and it's under fifty five percent today in dwindling and of course the second most held reserve asset in the world after Basel three and a few years ago, back in twenty twenty one, the Bank of International Settlements made gold a Tier one asset on the books instead of a Tier

three and so that's basically on par with currency. And it's now supplanted the Euro. So it used to be the dollar and then the euro and world reserve currency assets, and now it's the dollar and gold. And I've said many times already this last few months that I think gold's already taken the dollar is the world's reserve currency.

Given what BRICKS is trying to do. It's not that Bricks is trying to create a different currency, it's just cross border payment systems and ways for them to trade based on something backed by gold.

worth of gold at a time. So he got rid of that with his executive order, which again is another thing we see Trump all the time saying he can't do this or can't do that. And he asked the Supreme Court if he can get rid of the executive orders from the previous presence. No, no, no, you can't do that. But of course you can't. But that was fifty years ago. That didn't happened.

the historical significance of the time that we're in. You've got to remember the average lifespan of a fiat currency is twenty six years, so we've doubled that and now we're on the edge, I think the knife's edge of a real change when it comes to the financial system. And I mean I saw something of the day corporate debt, David it is eight trillion. Wow, corporate debt eight trillion.

There's this, all these metrics that are showing us that all these things are unsustainable because you know, every time we get into a problem, especially in the last twenty and thirty years, they just decided will inflate our way

out of this. Yeah, whether it's too big to fail in jail or just you know, unnecessary unconstitutional wars, you know, the welfare state, the entrenched deep state, whatever the programs and things they need to fund the two point three trillion dollars that Donald RUMs couldn't find on September tenth, two thousand and one. All these things come back to the fake currency. And so we're going to see I think, just continual bad policy from the federal government and emanating

from all central banks around the world. That's why I'm looking at what money used to be. And I think history will I think history will treat us pretty kindly.

That's what they wanted to make sure that, you say. They called it anti hoarding, which is an interesting word. They didn't want you to be able to use it for your wealth.

going to take a while for that to happen. What is your opinion about that, about whether night it'll be a reserve and how is that going to affect You know, everybody's looking at the deregulation aspect of it, but that was also a part of the calculation I think of people getting into bitcoin as well. What is your take on where that's going to go next year.

we deal with that. It's not you know, outline and anything that we do just any and he took a while before he as he took a pause. I think it was like three or four seconds, maybe five seconds, just sit there and looked at the guy. So there's a don't get you know.

And that's the way history works, ladies and gentlemen. It's the way there's always power brokers behind the scenes. And especially in a world of central banking control and fiat currency, it's even worse because you can hide and cover up so much. There doesn't have to be, you know, fiscal debates anymore in this country. We don't really have that. We're going to be that will be the future. But

it's not right now. So I think that the opposition of bitcoin coming from central banksters is going to be very strong. It'll filter into our politics, and you know, we saw that through the first Trump administration. That's why I didn't get excited about this one. People want me to have selective amnesia and forget that there was a

twenty seventeen through twenty twenty one. I remember those years, and I remember the promises that were made and weren't kept, and I remember the fiscal House that was set on fire. You know again, Wilbur Ross. Everybody remember WILBURH. Ross and who he was, and you know it was he Commerce Secretaries of who he was, David, I mean he came in, yeah, and he was a Ross Child's agent. He's what Bill Trump out in the nineties.

think in the long term bitcoin has its place. It's probably far too far too long out of it. It's inception to put it back. I mean, it can't go anywhere. There will be smaller nation states that do something, but the United States still may put it on some sort of balance sheet or anything. But there's there's a lot of momentum in Congress and for that, and there's a political i think political will to do something with bitcoin.

So we'll see. I just try to keep that out of my focus for what I think bitcoin is, and I think, you know, it's whether it's a you know, I said last year at the beginning of the year, hey really watch bitcoin because you know it was picked up by the ETFs, you know, Larry Fink, Blackrock, we're pushing and I thought, well, that's a huge departure you guys paying attention. I think bitcoin was like twenty nine thousand, and I was saying, this is and I started buying

it on a daily for my company's reserves. So you know, that was a good decision because here we are, you know, a year later, and it's already surpassed at one time one hundred and eight thousand. It's down to ninety eight thousand when I checked Spot before the broadcast. So I think that'll be a trend that continues. But it's not going to I don't think we're unless something huge happens.

It's not going to go parabolic, like we're going to see half a million dollar bitcoin in the next you know, eight months or something.

On the side. They got everybody looking at bitcoin, and they're using bitcoin, I think to get people excited about digital money and about the blockchain and stuff like that. While they do something very nefarious on the side with this stuff and kind of come in as a de facto CBDC. Now the Bank of International Settlements is talking about the fact they're going to continue on with their CBDC.

But I think that the way that it's going to roll out in the US UK, the Five Eyes that already said, you know, a couple of months ago, they said, well, we're not going to do anything called CBDC, but they will do the functions of CBDC, I think, and I think part of what is happening with a bitcoin and the the regulation around crypto currency is to pave the way for that that de facto CBDC that's going to be like a public private partnership, and people like Larry

Lutnik are going to make a lot of money off of this, and many people and the Trump administration are connected to that. That's That's what I'm looking at. So I'm still looking at gold as a hedge against that type of stuff.

I made an announcement on tenfoil hat that you know, we're going to be the first no fee broker in America. If you want to turn your bitcoin into gold or silver, you can get with us directly and there's no fee. That's the there's no other golden silver company that does that and we're going to be able to do that because we're going to make a symbiotic relationship between the two. So I am an advocate of bitcoin. However, I don't

get on these hype trains. I think that's a dangerous thing to promise people what the price is going to be, because I do agree with you that they can pump and dump, especially when they've got the ETFs now and the inflows. They get the price really, you know when because most the sad part about investing is that what I've watched is that when the price starts to go up, really go up on anything, that's when people jump in.

They don't fear of missing out. They got to get in there, and they want to ride the way at the top. It's for the wrong time to get in. And you've got to look at things when you know, and again use use your own research and your own you know, background, and the things that you find viable. If you want to get into something, you know, that needs to be a personal choice. But that's what's going to happen when the thing implodes. That's when they always

come in with the regulation. You know, it's problem reaction solution, and that's what I fear with the CBDC. However, the mixed bag on that, the double edge of the sword is that bitcoin created a culture, which I've found fast. I've been in bitcoin for you know, since twenty sixteen. The fascinating part about bitcoin is that the people around it, especially the podcasters and the young folks, they really you know, they're skeptical of central banking. They don't like they talk

about fiat currency. So selling them on a CBDC because they use bitcoin as a moot, it's not going to work. They already don't like CBDC, and I think it's you know, something that we should be I feel thankful for is the fact that the term CBDC now is dangerous and it wasn't it three years ago. And I've been talking about it for years. I mean, long before anybody knew

what it was. I mean the first broadcast I ever did with you, we were talking about world currency, and I think it was like the end of twenty eight nineteen going into a twenty twenty. So yeah, we've come a long way with that. They've got to rebrand a lot of it. But the danger lies in the volatility of the markets themselves. What goes on with crypto, especially these stable coins, we don't really know. I trust bigcoins network, but I don't trust the people that are trying to hijacket.

And that's the thing that we got to differentiate on.

and so I think that's the key thing. And you're right, everybody has caught onto the term CBDC. So I've said, you know, we need to focus on what the characteristics of CBDC that are negative were and try to get because you got all these legislatures now that are starting to several different states have got pending legislation to ban CBDC. But it's it's not just that, it's the privacy. It's having a digital ID, it's having programmability where you can

manipulate it. It's those types of things that need to be banned, not the term CBDC. They'll call it something else and they'll come at it from a different angle. And that's what I think is really concerning, especially because with Trump, everybody just shuts down and says, well, it's okay, we're fine, we don't need to buy guns, we don't need to buy gold. He's got it covered. We're all doing great now because we've got a Republican and even better, we got Trump in.

look in one of two ways. You know, if there's a Trump win, and gold and silver will take a hit, Bitcoin will go up in the opposite if there's a Harris win. So that's where we're seeing. There's a lot of profit taking it in the year. But going in the fundamentals, what drove the price of gold the last few years? What has been that, Well, it's the decline dedollarization.

The supremacy of the dollar is waning, the American empire is in trouble, the geopolitical tensions are heating up, and central banks are buying gold because they're going to remonetize their dead. They're going to going to reset. They call it a great reset. A matter of fact, we're this is halftime show for the decade of the Reset, folks, and that's this is what we're watching. The powers that be, the Davos set, they've already decided the future. You're just

playing ketchup. We're all just playing ketchup. Looking at what's happening with our currency system, which again massive change is going to happen because of the damage done and gold and silver, bitcoin, these things will hold their value, I believe, going into the next five years.

very rapidly. And now we've got something that I think is going to be a real economic bomb that he's ready to throw in, and that's going to be the tariff stuff, because in a sense, what he's doing is he's weaponizing the US's position. You know, well, we got the we got the petro dollars, so let's use that as a weapon. And now Trump is saying, well, we're buying so much stuff, let's use that as a weapon. When you start doing this, it's going to create all

kinds of secondary and tertiary effects. It's going to just

be a big bomb in the global economy. I played a clip from China I couldn't believe the other day Tony, and it was a lot of people taking independent people in China taking videos and posting them up of how empty the trains going into Beijing were, how empty the streets were, how nobody was shopping or buying anything, how the stores and the malls were empty, and the restaurants, and it truly was amazing, because that was one of the things when we were there, just a sea of

people everywhere you would go, especially in the retail areas. Everything was a ghost town. And so if you're going to throw tariffs into that, you're going to create a real bomb of a financial system. And then everything is up for grabs now going and that's their crisis, and they're going to come of all kinds of radical solutions if they create a radical crisis, and I think the trigger for that may be the tariffs that's just the way I'm seeing it.

It was given away through free trade programs that the corporations were given a backdoor exit and said, hey, you can take your factories and moving them over to Mexico or moving them to China, and we'll just let you in, you know, without a tax, completely free. You can get away with lower wages, no environmental regulations. You don't have to fight the good fight here. And it really backs up what Thomas Jefferson said about merchants have no country.

They don't fight for lower taxes or fight for the American way or prosperity here. What's good for GM is good for America. Used to be the slogan thatamics no sense anymore, as we're in a global economy, and so I think it's become a consumer nation. And even Paul Volker said that it was former head of the Federal Reserves, So what's wrong with you? You know, they was being interviewed in Congress in the early eighties, and so what's the problem with the US economy? So well, we become

a consumption economy on a production economy. And what Trump's talking about, Well, first of all, he wants two things that are diametrically opposed. He wants a weaker dollar and then he wants to have high tariffs. Well that doesn't work. I mean, you have to have a strong dollar in a production economy if you want to build that. That's economic nationalism. But you can't say, well, we've got to

have massive amounts of debt. We're going to print our way out of this, We're going to have a massive liquidity, you know, a roaring stock market, all that stuff. And at the same time, we're going to charge you one hundred percent tariff if you don't use the dollar to help us continue our Ponzi scheme, because that's what it is.

It's using the dollar after nineteen seventy one is making sure that we don't have, you know, fiscal armageddon, because if it's not backed by anything, then you have to continue to use it through something called money velocity in order to It's like tinker Bell if you don't clap, tinker Bell died, right. The same thing with currency and the problem with Trump's that's just an incoherent, schizophrenic economic policy to say that we want a weaker dollar, but

we want high tariffs that you know. Buchanan wrote a book that I read Nick. It was one of the inspirations to get me to get back into politics, so I get into politics in general and actually go run for office and start a radio show. It's called Suicide of a Superpower. And the subtitle of that book was

can America Survived to twenty twenty five? And it was written in twenty eleven, and I was reading that at the end of twenty eleven, around the same time, you know, the Christmas New Year's season, and one of the chapters in there was about the Federal Reserve, and it talked about how the Federal Reserve was responsible for the Great Depression and the Smoot Holly Act were framed. Smut and Holly were framed. It was the actual because that's Smoot

and Holly's the tariffs. So the of the Great Depression that were so high. You know, you see that famous scene from Faris Bueller Ye Ferispuele's Day off of ben Steins blaming Smut and Holly. Anyone, anyone, right, Bueler, That's exactly right. And so but that's just think about that. Take a step back for a second and think about how incoherent we've become. I didn't think we'd be talking about tariffs in my lifetime. I didn't think that I

was just a I thought it was a rogue. You know, America first or before that was a term that was acceptable to use again back in twenty thirteen. But now that doesn't make any sense to me. I mean, these are just these aren't This is not economic nationalism, that's weaponization of the dollar by other means.

going to is the determining thing. And Trump pretended that we're in the Paris climate A Court and all the Republicans pretended that we're in it, and there was never a vote on that as a treaty. And so you know, when you look at that, you know that they're not going to address the problems. Guard's got a comment, Guard Goldsmith. He says, I like the idea directly turning crypto into gold or silver then moving to Siberia.

just me or or what it's age? Is it age?

you know. I've had trouble with those networks, by the way, Yeah, they're not the you know, if you're trusting them, it's a little bit of roll in the dice. So with me, you won't have to do that, and we will have a pretty symbiotic network between the precious metals and crypto. And I say crypto, I mean bitcoin. I'm really not indeed the other coins. We might be able to help you do that, but it's it's not going to be our primary focus. It'll just be bitcoin to gold and

silver and vice versa. If you want to sell some silver and buy some bigcoin and be able to help you do that. That's that's really what we're adding. And it'll be a coherent, you know, network integrated to what we do.

and you've got a honeymoon. Well they're already having spats before the wedding even takes place, so forget about a honeymoon. Always great to have you on, Tony. And you got a program that is following up right after, sir.

and bears and the world of bulls and bears. Be the wolf, that's right, Be the Wolf.