Let's welcome Tony Rderman of Whyswolf dot gold and Tony has set up David Night dot gold also take you there. Thank you for joining us, Tony, good to see you. Good to see you, David, Thanks for having me. Well, I tell you we're seeing a lot of things happening very quickly now with crypto, with gold, with interest rates. What do you see in terms of I just talked about these branch banks that are shutting down.
That's my biggest concern, of course, is not just if people look at a time of inflation and we now have a lot of big banks and the economic analysts are saying, yeah, we think there's going to be credit easing. Gerald Celine has said that they're going to do it because of the election year, and of course that is true, and so they're going to ease the interest rates. That's going to cause more inflation. That always causes a gold to go up. They've been fighting gold by raising interest rates and
an amazing amount. But the thing that really concerns me is this push towards CBDC in a cash the society. But what do you see in terms of the economic issues as you're watching it closely well, I think the banking issue is systemic. I think it's worldwide. You just had the CEO of UBS come out and say that they're going to need a rescue and out of Switzerland.
This isn't good. Yeah, you know you saw the crypto banks failing, FTX, Silvergate, Silicon Valley Bank, all that, and how it affected the regional banks across the United States, and that prompted the Janet Yellen to clarify and say that they're not all banks are going to be bailed out in the new order when things do collapse. So I think what you're watching and the financial networks are never going to pick up on this until it's too
late. You're seeing the price of gold arise in the face of the Federal Reserve raising interest rates the fastest rate in history that they've done. That they were able to curtail inflation a bit and cause the perception of a strong dollar I think globally. But gold continues to rise last year going into November day, but I believe the price of gold was just under seventeen hundred dollars an
ounce. China has added hundreds of tons of gold to their holdings. The central banks around the world continue to buy gold at a record pace, and I think this is what's driving gold ultimately, it's demand. The United States and the Federal Reserve is not going to buy gold because the dollar competes with gold and value. And I think what you're watching is this is historic, is a revaluation of currencies, and central banks are going to gold for a
safe haven. That's what the rich and the elite are doing. Because this system has cracks in it. It's very volatile. Yeah, and as you point out, you know they have raised the interest rates and dontern at a very fast rate. That's one of the reasons why banks are under stress is because they got caught with holding banks holding bonds and they couldn't trade them out quickly enough, and so that put them underwater with that stuff. But it's
also created havoc in the real estate market. Goal prices are holding while their value while new home sales have dropped five point six percent in October. And it's not just that you've got cryptocurrency that is going through a correction as it's dipped down to thirty seven thousand dollars. Gold is hanging in there even though they have raised interest rates and the rest of this stuff. And so I think as people look at this and realize that an election year they're going to
cut the interest rates significantly, it's only going to go up. But my key thing again keeps coming back to having it for privacy, having it, having something that is outside of what they're going to control, because who knows what they're going to do. You know, you see all these different branch banks shutting down. They could do anything they want. They could do it
very very quickly. Well, they're going to build, in my opinion, and I think you'd agree with me, they're going to build the central bank digital currency on the backs of the bank that compete the most to audition to be the rollout for that. And I think that's what these big banks are doing, and they'll be buying up the smaller and regional banks. This is a consolidation game. I mean, ultimately the new World order is just about
consolidating. So I think that's what you're going to see. These banks are going to be auditioning, competing to roll that out, and the regional banks are going to suffer. They'll be less and less focused on the individual or a customer service. I mean, we've lost that completely in this economy and the new age of things, with our stock market not based off profit anymore. So we've complained that ship has sailed a long time ago. So I'm
really skeptical of the banking system right now. I don't tell people to not have a bank account, but you definitely need to be skeptical of all your holdings in one place or being in the system. I like having physical gold and silver. There's no counterparty risk. You hold that in your hand. That's something that's real. And you know, we can talk about crypto and
we can talk about bitcoin. I still think bitcoin has a story to tell, there's something there to watch, but it's very volatile as well, So you know, you're right about just being outside of the system. And I think, really, David, it's so counterintuitive because we have to watch these prices. We're always watching the markets. But you know, gold went up two thousand percent from nineteen seventy one in nineteen seventy nine, but that's not
because the gold went up in value. I think that's what you're having to come to terms with here because we're not taught this in school. They're never they're never going to let you in on this secret. The dollar constantly loses purchasing power and the amount of abuse that it's gone on, and just in the last five years unprecedented. You know, you got eighty percent of all
the dollars ever created, We're created the last forty eight months. So yes, Jerome pal can raise interest rates, he can calm a lot of the fears of our global partners and people that use the dollar petro dollar, but
ultimately it loses purchasing power and they're not going to be able to. I don't think they can simultaneously keep a strong dollar and lower interest rates because the economy right now is begging for cheap fiat currency debt and that's these big multinational corporations, these EESG corporations, environmental social governance that they're looking for cheap injections of cash. The FED is going to have to do something, and when they do that, you'll be able to go back and cash out these bonds
with devalue dollars. And it's really going to wrek havoc across the spectrum of what the dollar entails. And I think that's what we're going to have to watch out for, just really putting too much faith in the system, and gold, in my opinion, is a safe haven and silver is a safe haven. Outside of that, well, you know, they've always targeted to
have regulate. Their target. What they would like to see happen is inflation of about two percent, and because that helps them to monetize the debt, you know, they spend it and then they can pay it back with cheaper dollars. As you're pointing out, when you look at what happens with gold, gold is really holding its value. And we've talked about that in the
past. You go back and look at something that somebody bought one hundred years ago, and it's pretty much the same amount of gold as it was one hundred years ago, and it's the dollar that is constantly losing its value. And that's my design. They've wanted that, but now it's kind of getting a little bit out of hand. It's way above two percent, and they're worry that is going to completely get out of hand. And we've seen that
in our lifetime. And as you point out, there's quantitative easing where they increase the monetary supply, they play games with the interest rates. But I had David Stockman on the other day and he was talking about the fact he said, look at the massive stimulus that was put out there, that really does dwarf even their quantitative easing and the money that they threw into the repot markets and this and that. I mean, they're just printing this stuff up
and throwing it at everybody. But the stuff that happened during the lockdown and that stimulus thing, that was a massive shock. And said, so what the central Bank's going to do? They've got themselves kind of over barrel, and what is the Federal Reserve going to do? They've they've gone from like nine hundred million to a nine trillion in a short period of time. Are they going to go from nine trillion to ninety trillion? Is that what they're going to do? And if they do that, what does it do to
their currency? It's crazy, Well, it completely tanks it. I think we're at the end game of post nineteen seventy one currency model. And we went off the gold standard in nineteen seventy one. Goal was thirty five dollars. Announced We Kissinger, who just recently died, you know, he pegged the dollar to crude through the Saudi's That's what's known as the petro dollar. Yeah, he created them. Give him credit for that. They't. They
didn't talk about that. And a either none of the places that's talked about how he created the petro dollar that's falling apart in this now. Oh, they didn't give him credit for that. Or Cambodia or a lot of the coups that took place in South America. Didn't give him credit for that. Bombings, yeah, the secret bombings. Yes, you know, you look at the seventies, David, I think something really interesting happened. I was listening to a podcast the other day with Robert Kiyosaki, a rich dad,
poor dad. He had all these old guys on. I like listening to the old traders. They all got this is back in the seventies when the Hunt family put a run on silver and drove up the physical silver market. Now this was again, this is just off the heels of us coming off the gold standard. Gold was rising. Silver had always been pegged to the dollar as well, and so they started buying up. The Hunt family here in Texas started buying up physical silver. And I'm just in massive quantities.
And you know, if you really look at it, the deep state most likely took out the Hunts. They used the financial system because they were exposing something very really the power structure did not want them to see, which was how weak the dollar was. So you know, you always see a dollar as a silver dollar. It's you know, zero point seventy three five ounces make one dollar. That's how it was from the founding of the country until
we removed silver from our coinage. And so the Hunts were exposing that. And you know, Bunker Hunt said that the price of silver could go with fifty dollars an ounce in mid seventy nine, and of course it did in nineteen eighty went to fifty dollars an ounce, and the deep state came in along with the regulators and really took out and hobbled the Hunts for doing that.
And no one ever again picked up that mantle, no one. I think it was Warren Buffett for a little while became a primary holder of silver, but didn't encourage people to buy us physical was not in that was not trying to drive up the price, just holding the same thing with JP Morgan. I think what we're about to I think this could be another silver boom, just based on the fact that this happened before when we've had a massive
shift in our currency. This is another one of those shifts, except this time, David, I don't think they can put put the genie back in the bottle. I think there's not when you talk about going from nine trillion to ninety trillion on the balance sheet, like you just said, well, there's no more room. They have no more room to play with this. I mean you when the total debt of the US in nineteen eighty was less than a trillion dollars, So it's thirty three trillion in climbing rapid and then
the wheels are completely there's no we don't even have fiscal hawks anymore. We don't talk about budgetary matters. We're one hundred and thirty percent of debt to GDP in this country. So I think this, you know, being outside the system, and I think this is why you know your show is so important. We're not talking about investments, folks, David and I don't really talk about investments. We're really talking about how to protect you and your family
in the coming new order of things, the great reset. Okay, that's what we're talking about. So being outside of the systems is great. But also these are monetary matters, and I think that if you really look at the history here, there's an opportunity for you to protect yourself and your wealth against what's going to happen, a major devaluation and dedollarization the likes of which
we've never seen. I think silver is going to be an important part of that story of just kind of thinking about that what happened in the last cycle, which was the end of the nineteen seventies. Yeah. I like the way that Bill Holter put it. He said, real at what's happening in Switzerland, as you mentioned with ubs, and then you've got credit. Swiss is going to try to go in there and bail them out, but they're not in that strong a position either. And he said, keep an eye
on silver, which is what you're just saying. He said, it may be the pen in the gold grenade. I like the way that we pull out that silver pen. That gold grenade is going to explode. But again, you know, we've never had a situation before where the government is going to try to corral you into complete surveillance state. Just as NICKI Haley saying, to know your name if you're going to get on the internet, I've got to know your name, But when you look at the CBDC, it's
even worse than that. It's like, you buy anything, I want to know your name, and i want to know what you're buying, and I'm going to keep an inventory of everything that you're buying, and I'm going to tell you whether or not you can buy anything in the future or not. I mean, you don't want to live in a situation like that. It may be necessary for us to have to have, you know, some CBDC
credits so we can pay our government taxes. They may require it or something like that, but we don't have to be completely captured into that system. If we've got physical money that's outside of that. That's the key thing. I think you can be surprised I think your audience would be surprised too. I mean, I'm in the business, and I know how liquid gold and silver are. I mean I can trade my gold and silver anytime, day or night pretty much and turn it into fiat currency so to me. And
historically gold is money, but I think you're in silver is money. But I think your audience would be surprised how many people will just trade in gold and silver, people that I use for contracts, people that do work for me. You would be surprised, folks, just how many people will trade directly, and if not, you can find a reputable dealer. You can
find private individuals that will be able to buy from you. It's going to be so important in the future for us to have physical money outside of this system because I think there and I think David has talked about this many many times, they always use a crisis. This will be the perfect opportunity as
an excuse. Never let a good crisis go to waste. They're going to use this coming crisis that they themselves perpetuated to bring in an usher in the central bank digital currency, in my opinion, yeah, oh yeah, And it'd be very easy for them to do that. And then once they get everything online, to think how easy it'll be for them to pull the plug on everything and how long is it going to take for everybody to really freak
out? You know, we had yesterday we were out of electricity for about seven plus hours and the whole area, all the schools shut down, all the businesses shut down. I mean, everything just comes to a screeching halt. They can do that with electricity. They can do it with the internet. You know, if you get everybody is transferring everything on the internet. As they get us more and more under central control, they can pull a
plug on everything so easily. Now. And as you're talking about being able to trade outside of this very vulnerable system that they've got, it's just like
our supply chain, you know, as we saw during twenty twenty. You have this wonderful idea of just in time delivery, and it's working great, and the shelves are full, and then all of a sudden, you put a kink in it and you break part of that chain, and it all falls apart, very very rapidly, because it is so complex, and because they've set up something that has so many different travel components in each length of those chains, and so you break that and now you've got a big crisis
on your hand. So these complex systems that they have designed are very easy to sabotage. They can fall apart on their own, and so it's important to be on the outside of that. And I think about back in the depression, and you probably know some stories about this as well, Tony, some of the cities that would get together and they would create their own local
community currency. You had some of them, They still have some of these and museum pieces where they would make, you know, wooden nickels and other things like that, but it would be local tokens that people would use in a sense kind of a way of doing barter in exchange within that community because you know, the drying up of the money at that point in time.
I don't know, you could argue that it was deliberate or whatever, but the bottom line is it wasn't as structured and planned and deliberate as their move to try to push us into a cashless society is. You know, it's
a lot of bad economic planning that was part of it. May have been some conspiracy as part of that as well, but you know, people had to find a way to exist outside of that financial system of the Federal Reserve because they completely screwed everything up. This is going to be more bi it, and it's going to be really deliberate, and they're going to make this so it's really going to be weaponized. Well, I agree with you and
those Depression era stories. You know, we still were technically tied to a gold standard, so the credit wasn't as elastic as it is now. The problem with now is that we're tethered to nothing. Credits more elastic, but the fiat currency, the dollar itself, loses so much purchasing power every time you do that. This new system is based off of debt. It's based off of currency creation. You know, if you buy a house, that money didn't exist before. So if you want to call it money, that
currency didn't exist before. They create it out of thin air to create that. Loan, credit card transactions are the same way. So with this mountainous sea of debt, and that's it creates new currency units, which expands the money supply, which devalues the currency because it's backed by nothing. So I think that's one of the that's the other. That's a flip side of this. There might be elastic credit, you might be able to get something,
but it doesn't really matter. It's not going to have the same purchasing power that it did, and it's going to constantly lose purchasing power. So that's why you know, gold and silver ways for you to stop the music. You know, like wead some musical chairs and you don't want to get left holding the bag, That's right, Yeah, Deutsche Bank is talking about how they think that they're going to drop interest rates a couple of about two and
seventy five basis points is their protection. Everybody is saying that interest rates are going to ease up because it's an election year. They don't say because it's an election year. Solinity says that we know that it's because it's an election
year. But they're going to do it one way or the other. You know, might be an opportunity for some people to refinance their house if they got something recently, but it's going to be something that is going to be inflationary, and they're playing a very dangerous game when inflation is already this high to do that, it could easily get away from them. Tell us a little bit about what you think is going to happen in Argentina as you've been
looking at this. This is a guy who's going to get rid of their central bank. I mean, is he going to wind up like jfk R. Well, we get away with it. That's a good way to start. You have to, you know, something that flip, that dramatic. You know, because I've gotten so skeptical on elections anymore. I mean, I look at him like, as any of this real. I don't know. I'm skeptical of how all these things turn out. I'm skeptical of people that rise to the top somehow, that maybe have a good idea, and
I'm like, how did you get there? Yeah, so, I guess I'm jaded a little bit cynical, But I like it when even when somebody rises at the top, like the Argentina's new president. I think it's interesting because he's bringing a lot of ideas to the forefront that maybe people never heard before. He's going around with his chains always just fun. I don't know
much about it. I can't endorse him or anything. I don't know much about him, but I think his ideas as an anarchical capitalist, it's time for us to discuss intervention in the state and central planning and what a central bank is. I mean, you have all these financial wizards and masters of the universe running around on Wall Street that don't even agree with free market principles.
Wait a minute, how did you get there? You know, it's the same principle of you know, Carl Mark's the fifth plank of the Communist manifesto is a central bank? Why are we following the communist manifesto and free market. Yeah, so these are good things, you know status you know, it's like we have all we lift up all these entrepreneurs. You put up an Elon Musk, but he's tied to the hip, connected to the hip with the state. Yeah, I don't know if that's really is that
a genius entrepreneur. I met some genius entrepreneurs when I was a kid growing up in Texas watching my dad. I saw some and nobody was coming to bail them out. They didn't have government contracts, you know. They built stuff from the ground up, and they used they were creative, and they had creative financing, and they had to use their brain and had a lot
of courage. I got to see that when I was a kid. So I don't know much about the Argentina president new president, but I like the fact that we're going to discuss not having a central bank exactly had that problems, that's that's a key thing having. And they may not pull something on them, may not pull out JFK because the IMF really wants something done that is radical. So I think, as you point out, we don't really
know who's behind these people. And what they want to have done. But the population is absolutely desperate when they've got one hundred and fifty percent inflation, and so that a lot of times, I think when you've got a large majority, they will find a way to deal with you later if they need to. You know, they won't get in the way of the election and stuff the ballots. We'll just deal with you later. So maybe that'll happen.
But in the meantime, he's perhaps going to educate South Americans in Austrian economics and which he's a fan of. So that's that's good to have that conversation and he is bringing a lot of ideas to them. But it'll be interesting to see what happens down there. Tell us a little bit of what is happening with wise Wolf Gold. Well, we're busy going into the holidays as always, and uh, you know, I'm looking to buy more product.
That's while we have the I set up the second location here in Dennison, Texas here just south of the Red River and on the border of Oklahoma, trying to buy more products so we can put it into wolf Pack and create a convenient location for people for just about an hour or so from the trading floor here in Dallas. So we're busy. We're handling, uh you know, small orders, large orders, and if you've got you know,
needs for precious metals, we can fill that for you. And of course you got it at night dot Gold or you want to support the show, you can click the link that says joined wolf Pack. I really want to get to a thousand members. It's funny because I'll add ten and lose eight and add twelve and lose. It's it's I'm right in this window where I want to grow because the more people that join wolf Pack, the better deals
I can I can buy for everybody. And we've got you know, the gold back notes are going in for we got Christmas rounds for silver, Santa Claus stuff and other Christmas related silver coins are going into the wolf Pack. And I've bought lots of fractional silver and fractional gold. So with these rising prices, I mean, especially with gold and gold got about I think really
right on the edge of breaking its all time high again. I think it was within like ten dollars in the last seventy two hours, and I think this is probably going to be something that just continues and again, I would remind people it's not because gold is going up necessarily in value. The demand is high, not here in the US so much, but the demand is
high worldwide and the dollars losing purchasing power. So look at it more counterintuitively, Yeah, we look at it. We talk about Central Manx accumulating gold lote, but I saw that individual investors in China has gone up by sixteen percent year every year in terms of demand for gold, and looking at this,
they've got economic problems as well. I was showing a ghost mall in San Francisco, but I've shown videos of people walking through big towns like Shanghai and Guangzhou where they have ghosted everybody with their lockdowns and their zero COVID stuff, and now they're starting it again. So these people are hunkering down, they're very concerned about what's happening. They're very conservative about it. And so it's one of the reasons why gold is really going up in China much more
than you see it happening here in the US. The US is kind of complacent about that. A lot of people think that these types of things are not going to be happening here well, and if you really look into the sixteen percent spike in year over year, A lot of those purchases are in smaller quantity so people can fly with them, you know, the one ounce gold bars and so on and so forth. It is an unprecedented time for a currency revaluation likes we've never seen before. And I don't even know how
to use history as a guide, David. We've never really been down this path as a country, as a modern economy, where we're going to lose so much of our world reserve currency status and that's going to spill over into our economy. I don't the repercussions. I don't know how far it will go, but I think it'll be very deep. And I think Americans are
really kind of complacent about this. It's one of the reasons why gold is so much cheaper here than it is in China, and it's actually created kind of an arbitrage opportunity for the bigger investors in China to buy gold up more cheaply here in the US and sell it in China because people, again, people there have seen much shakier situations than we've seen here. Even though we've been through twenty twenty still people just at their gut level, I don't believe
that war's going to come here. They don't believe the economic crisis is going to come here. We haven't seen that in our lifetime or our parents' lifetime, so we just don't think that's really going to happen. But the people in China do. And so there's a big discrepant there with that kind of demand. You know, demand is pulling it up there, but here it's you know, the Fed will take care of it, or maybe Biden and
his geniuses will take care of this, right economic geniuses. Well, it's always great talking to you, Tony, and again wolf Pack is a way that you can set aside and save on a regular basis. And he's got a lot of different levels that are set up there. He's got some uh, he's got a community that is set up as well as being able to take advantage of some discounts in terms of group buys that are there. But of course he'll sell you anything in in quantity large or small. Thank you
so much, Tony for coming on. Always a pleasure talking to you, and thank you for your support of the program as well. Appreciate that. Thank you have a good day and remember David Knight dot gold. We'll take a quick break and we'll be right back. Tell Alexa to add the APS Radio skill and have access to the best channels anywhere, from country to blues, classic hits to news. APS Radio curates incredibly diverse playlists for you to
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