The Big Gold & Crazy Crypto
The Big Gold & Crazy Crypto
John Truman Wolfe Financial Hour 05/14/2026
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Ladies and gentlemen, it's time for the John Truman Wolf Financial Hour. Now, here's John Truman Wolf.
SPEAKER_20Hi folks, John Truman Wolf here. For the John Truman Wolf Financial Hour. Broadcasting to you live from the beautiful Los Padros National Forest. It's a glorious spring day up here. Uh blue skies, lots of sun, not too hot. Uh absolutely gorgeous. Um well let's take a look at the uh investment sectors. Uh the uh uh Dow up uh a few hundred points. Um precious metals um uh have not been doing well as the dollar strengthens. Um it's hard not to imagine the dollar uh strengthening uh as uh DJT, Donald J. Trump um you know, puts deals together around the planet. Um this trip to Beijing uh has been quite something. He brought, if if the news that I read is correct, 16 of the top CEOs in the United States to uh uh to Beijing with him to make deals. Uh one article I read a little bit earlier was that uh um uh China had ordered I forget the number the number was, I think 16 Boeing jets. It may have been higher than oh 200. I was just about to say it may have been higher than that, and uh our producer Mike says it was 200. 200, I mean that's a big that's a big purchase order. I don't know how much those things are a piece, but 200 of them it's gotta be a a huge uh huge uh number. Um and uh, you know, other uh CEOs were there, uh I'm sure making deals. Uh uh you know, Elon Musk was there, uh Tim Scott from uh Apple, um who is, I mean, it's an interesting trip for Tim Scott who has uh uh basically retired or announced his retirement. Um uh he has uh, you know, to his credit, uh done a hell of a job with Apple. Um, you know, since Jobs left, uh Tim Scott's really done a great job. Anyway, there were a bunch of other CEOs there. Uh I watched the um uh the whole affair last night. I was up uh till 3-4 in the morning uh uh watching the the landing, the reception of uh for Trump, uh the dinner, the speeches. It was historic, folks. I mean these things happened, but this was historic. Um and of course the press spins it uh as negatively as they can. It just made me oh, I watch this thing, and these guys uh say what you will about China. Uh I've been there, I've said a lot negative, there's a lot they could uh improve, but to Trump's credit, um, I mean, these guys are uh, you know, there's a bromance there. They they like each other. And um uh they had a great uh uh evening and uh a lot of business uh got done. Uh as far as the cryptos are concerned, they are they continue to edge up with uh Bitcoin in the low 80s. So um uh Bitcoin up, metals down, equities up. And uh I'm John Drumman Wolf, and we'll be back in just a moment, uh, right after these messages. Stay with us, folks.
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SPEAKER_20All right, folks, we are back. Uh John Truman Wolf here with the John Truman Wolf Financial Hour. Uh back with our good friend Mike Letz. Um Mike, we've got so much we could talk about, but um uh I'm I'm curious to get your feedback on this uh story that hit that uh the last year the CIA went in and and took boxes uh from uh Tulsi Gabbard on the Kennedy Associate uh assassination and um on MK Ultra. Have you followed that at all?
SPEAKER_21Oh yeah, I'm uh Tulsi's a good friend. And it poses a very serious, very significant problem. First of all, let me tell you the official story. The official version uh from the CIA in August 89, I think we would say, it never occurred. And let me tell you what reality is. It did occur. And uh the CIA, you know, the CIA was known for some time before a rule of agency. You say, does that mean the director's doing a bad job? No, what it means is shows how depth the corruption runs in that agency. And here is the problem, John, that you have for decades. They have understood how to take overt operations and turn them into money-making ventures. And do they give that money back to the treasury? Of course not. And so do they follow their commander in chief? If they convenient, yes. If they have all three or different motives, they blow it off. They put it from their own sources and mechanism. So that's trees of the entrepreneur. Who has the wherewithal to shut it down? Because it's not one or two people you can fire and get rid of. It's deep seated in the agency itself. The agency is divided, by the way. I want to make that very clear to earlier the agency itself is not bad. The agency is divided. But right now, the division is those who have the courage uh voted seem to be more powerful and more adept in getting things done than the other side of the aisle, those. And that's a very fearful thing for this country.
SPEAKER_20Yeah, it is. Um these guys, I think, have been uh responsible for uh uh very negative uh aspects of U.S. reputation as they have uh, you know, executed assassinations and so forth. I mean, you go back to Chile uh uh and come and come forward. Um and to um uh you know, I don't know if they if this action in Tulsi Gabbard's uh uh office was authorized. I don't know.
SPEAKER_21Um it was it was not authorized by channels, by protocol, but obviously it was planned and carried out by that segment with the agency that does its own thing.
SPEAKER_20Yeah, I mean those are two very different uh two very different things. Uh I've studied the Kennedy assassination at some length. I'm actually gonna talk about it uh later in the show. Uh MKUltra, uh on the other hand, is a very different uh uh uh project, as I'm sure you know, which it was basically uh trying to create program killers um uh by uh drug, you know, drugs, hypnosis, and so forth and so on.
SPEAKER_21Um and they say that the program has been shut down. No, I didn't work with it at that agency. I can tell you that uh everything you hear about what's been shut down or when the lover doing that, just have to mean to change the name.
SPEAKER_20Yeah. Yeah. Well, um I uh yeah, I you know, the the current head of the CIA seems like a decent man.
SPEAKER_21Um John's trying to get his his his arms around it, but I gotta tell you, that's like putting your arms around a greased pig.
SPEAKER_20Well um I I I think I'm uh I'm I'm interested to see if the president uh addresses this when he when he returns from Beijing.
SPEAKER_21Uh we've already had discussion along those lines. My recommendation is very clear, John. That we've talked about on other issues we need to do on this one uh as well. Uh the uh CEA has strong elements within the military. We need to flush all that out. It needs to be a military tribunal. And it all needs to be flushed out, and they're the only ones with enough power to get it done.
SPEAKER_20Well, uh you have my my vote for that. Um Trump is uh I think headed back to uh today. Uh from uh from an excellent uh trip. I happened to stay up last night. I watched um uh the speeches and the dinner and so forth. These guys, this is a bromance. I mean, these guys like each other. Um and uh you know there's a lot negative one can say about China, and I have said uh a lot, but um uh this current effort to um uh uh work together, I think it's very positive.
SPEAKER_21Uh the old saying we uh had for years, John, you're very familiar with it. Know your keep your friends close, keep your enemies closer. And it works very well. It always has, if you know how to play your cards correctly. And uh there can be great things accomplished by doing that. Just always be have your guard up to know what's going on behind the scenes, and you can make things work to your advantage if you do it that way.
SPEAKER_20Yeah, yeah. Well, yeah, well, he's he's doing it, and he's got uh, you know, he's got the top of the American industry with him from from from Elon Musk to Tim Scott um uh and uh uh Boeing. I I said earlier that uh I I knew that uh there was a a deal for some Boeing airlines, and uh the producer had to correct me that two 200 uh uh a deal for 200 uh Boeing airplanes, that's gotta be a lot of money.
SPEAKER_21Um it is a lot of money. You just have to uh to be you have to be the dog wagging the tails the other way around. We have that right at the moment. It's amazing how far we can get with it.
SPEAKER_20Yeah. Well, um I I I think it's been a uh a terrific uh uh trip over there. I've w I've what you know, I watched uh, as I say, I watched the whole thing stayed up till about four. And um the speeches that these guys gave uh uh for each other at this dinner was um uh it was something. It was it was a step beyond the the traditional foreign policy uh blather that you hear. And um uh I think it's a real plus.
SPEAKER_21Um well, you know, John, there's never been a foreign leader treated the way Trump has been treated all this one rounds. No predecessors have ever received this kind of treatment.
SPEAKER_20Right. And and and and he deserves it because he you know he's got all kinds of things in his back pocket. I mean, uh the the U.S. uh the U.S. economy is about as strong as it's ever been, I think. Um yeah.
SPEAKER_21You know, it's interesting. Uh go ahead and let's partner together on Iran and finish this thing.
SPEAKER_20Yeah, I'm uh listen, uh I'm with you. It's it kind of they took it up to this point, and then they're trying to settle it with diplomacy. And uh these idiots in uh in Iran, the leadership, um uh uh it's um uh you know it's disgusting. I he'll wrap it up. I think when he gets home, he'll he'll uh wrap it up. Folks, we've been talking to Mike Letz, a CEO of InvestUSA.org. This is uh uh, ladies and gentlemen, this is a nonprofit that helps men and women in blue uh by providing bulletproof vests for our police. Uh it's a wonderful nonprofit. Investusa.org. Um Mike, we'll look forward to talking to you next week. I'm John Truman Wolf. This is the John Trumanwolf Financial Hour. We'll be right back.
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SPEAKER_20We're back, folks. John Truman Wolf. John Truman Wolf Financial Hour. It's just now hitting the press because there was testimony. I guess what brought this to the press was there was testimony yesterday by a CIA offer uh officer who went, I guess you'd say went rogue, he went whistleblower, and was talking about this raid. And they uh the CIA went in and took apparently a large number of boxes that contained uh files on the JFK assassination and on MKUltra. These are two very different subjects. Um let's talk a little bit about, let me talk a little bit about the JFK assassination, a subject um uh uh about which I have studied in some depth, and the answer uh to who killed JFK is it was not the uh it was uh was not the government. Um it was not the um the CIA, it was who? It was the mafia. Uh the story is this the um uh French Connection, uh those of you that saw the the great Gene Hackman movie, uh The French Connection, I think there was a French Connection 2, and there may have been three, I don't know, there was at least two of those movies. Um and they were running drugs, they the French Connection was running drugs out of southern France uh into the United States, um and uh they landed uh in uh Tampa uh where the main mafia Don was a guy named Sam Trofacante. Uh Trofacante took his share of the drugs and he forwarded them on uh to the main mafia Don in uh he was actually in Louisiana, um uh uh but oversaw Dallas. Keep that in mind. Um his name was Carlos Marcelo, um and uh he oversaw uh the mafia activities in uh uh New Orleans and in Dow Dallas. Um uh had uh you know there were underlings there like Jack Ruby. Um uh and uh Marcelo um is a fascinating character. Um he then took his share of the drugs and sent uh the remainder up to Johnny Rosselli in Chicago. Uh Rosselli um worked for uh Sam Giancana, uh the head of the mafia in Chicago. Uh and so you had this uh uh cocaine heroin uh uh a train of drugs coming out of France. Um uh and they probably uh I don't know this is a fact, but I would guess that the uh the the the drugs out of France came from Afghanistan. That's a guess. Um uh at any rate, um uh uh uh Traficante uh as I say got the drugs and sent them along. Sam G. Connor, by the way, just as a as a an a side note, uh uh had an occasional affair with a woman named uh Judith Campbell, who was JFK's uh one of JFK's um mistresses for lack of a better word. Um so anyway, you had this active drug line uh from France into the US and um Bobby Kennedy um uh uh broke uh One shipment um and then a second one, costing the mafia huge amounts of money. Big dollars. Big dollars. And the mafia uh had a meeting in um uh in Tampa where uh uh Sam Treff uh Sam Trefficante's office was, and the discussion was the purpose of the meeting was how they were gonna take how they were gonna take out RFK, how they were gonna assassinate um uh Robert Kennedy Jr. Um and it turned out that the uh subject changed from RFK to JFK. So we'll talk a little bit more about this when we come back. Um uh much of this is known because uh J. Hoover taped the meeting in uh Tampa. Uh uh and uh we'll come back and discuss what uh the Hoover did with that tape. I'm John Truman Wolf. This is the John Truman Wolf Financial Hour. We'll be right back.
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SPEAKER_20All right, folks, we're back. John True and Wolf. John True and Wolf Financial Hour. We're not talking finances right this minute. We're talking about the assassination of JFK. So uh if you followed me, the the um uh drug shipments out of the south of France were coming into the U.S. Uh Robert F. Kennedy um uh broke two of those shipments, cost the mafia a great deal of money. Uh mafia chieftains met in Tampa uh at the uh quote offices of Sam Trofacante uh to plan how to take out RFK because he was costing them big dollars. Uh the uh, as I said just before the break, uh Jay Egar Hoover taped that meeting uh and did nothing with it because uh JFK was gonna fire him, and that was common knowledge. So he did not, he didn't tell anybody. Uh uh one could talk about Hoover at some length. At any rate, um they decide this group in uh in Tampa the the conclusion is you know, if we take out RFK, JFK will come after us. So let's let's go to the top. So the assassination of John F. Kennedy was conducted, conducted by the mafia, overseen by Carlos Marcello. The four shooters on the grassy knoll were not uh were uh mafia shooters, folks. Mafia shooters. Um four people up there. Um and uh that's uh that's what happens, I guess, when you when you cross the mafia. Uh as far as the other uh uh set of boxes that the CIA took out of uh Tulsi Gabbard's office, uh I I can understand that because uh MKUltra is one of the most um uh what's a good adjective, I don't know, uh uh gruesome uh uh experiments conducted by uh the CIA uh or any organization that uh uh I'm aware of. I mean uh uh they would drug uh uh drug drug uh uh guys and uh you know program them when they were on drugs, program their minds to be assassins. Um uh it's a it's uh Project uh uh MKUltra, Project Bluebird, um, and there's a third one if I can I can't remember the name of it right this second. But um uh this grows out of the uh the the uh uh uh Dulles, who was the head of the CIA, uh who brought it from uh uh the um the you know the intelligence work at the end of the Second World War, uh and it was uh you know established in 47 um along with uh the Air Force. Uh at any rate, it's a it's a it's a fascinating and um uh terrifying story to know that a government agency should do this stuff, could do this stuff, and the fact that they went in there and took the boxes of that kind of crime, criminal conduct, doesn't surprise me. Uh that they took the boxes on JFK uh does surprise me because the uh CIA did not have that much to do, didn't really have much to do at all with the uh Kennedy assassination. They were aware, there are few people in the CIA that were aware uh that um uh there was going to be an effort to take out uh Kennedy because they were working with uh members of the mafia, believe it or not, folks, were working with the White House on a plan to assassinate Fidel Castro. Uh true story. And that doesn't it wouldn't take you much research to find that out. So uh there was uh kind of cross-intelligence uh at that time. Um fascinating time in American history. Um okay, so let me go back. Uh I want to go back to uh the the point that I was talking, the subject that I was talking to uh Mike Letz about, um which is this uh what uh Donald Trump is doing in the matter of foreign policy. I I watched this um uh I was gonna call it a meeting. It was much more than a meeting uh that occurred in Beijing. Um and Trump, you can see it in you can see it in their face. Trump and uh Xi uh like each other. I mean, they they're it's a brom, it's a bromance. Um the speeches that were given um were uh, I mean, these are politicians, so they're gonna, you know, say what they're gonna say, but these were sincere, heartfelt uh reaches from one side to another uh to work together. Uh here are the two the two biggest nations, uh most powerful nations on the planet. We you know, we're number one, they're down the road, number two, but they're number two. Um and uh it's uh it's nothing but good news. The fact that the stock market only went up 300 points today, um uh I think uh uh is a result of the press. When I I watched this uh whole thing uh yesterday from Trump's arrival uh through the meetings and the dinners and so forth. I mean, it was a very powerful uh get-together. And and what does the American press do, folks? Uh the headlines is that uh uh the attitude in Taiwan uh uh you know messed up the meeting. Well, clearly Taiwan is a issue, is the issue. Uh, but uh trust me, if you watch this um uh activity uh by Trump and uh you know the others uh there, Rubio, uh Bissett, um uh you can see that this was an effort for the two largest economies on planet Earth uh to get together and start making some deals. Um as I've uh stumbled over at the beginning of the show and have corrected was corrected, uh just as an example, but Boeing got a deal for 200 planes. Um, but you can bet that these other guys, the 16th, 16 top CEOs in the United States, you can bet uh uh billions of dollars of deals have been being made in the last uh uh 24 hours. Okay, I'm John Truman Wolf. This is the John Truman Wolf Financial Hour, folks. Uh we're gonna be right back. Take a short break. We'll be right back after this. Hang on, we'll be right back.
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SPEAKER_20All right, folks, we're back, John Truman Wolf back with you with the John Truman Wolf Financial Hour. Um uh and we've been talking about uh some politics and some uh secret politics and dirty politics and and and and so forth uh with the Kennedy assassination, the mafia uh behind the Kennedy assassination. Uh the reason that it stayed quiet for a long time is that um uh there was an effort dur while uh right before uh Kennedy was assassinated, there was an effort by John and Robert Kennedy to they they had um uh engaged some uh mafiosos to assassinate uh uh uh Castro, um uh which kind of would kind of surprise me, but uh it's it's well documented. Um anyway, the history of the country has its ups and downs. We have the 250th anniversary uh coming up, and uh uh we keep focused on the on the good of this country, you know, as as um uh you know, as much as I've traveled the planet, um, there is no country like the United States. I mean, I've I've I've I've traveled uh for business and for human rights work from from the you know Russia to England to Germany to to to Australia to Tokyo. Um and uh I always enjoyed uh those cultures. Uh it's fascinating to see how other cultures approach different things and have to but when you w the when you get when I when I get home, uh it's all there's always some uh I don't know if relief is the right word, but there's some appreciation of uh of of this being home.
SPEAKER_02Um and uh I don't travel so much anymore, but but uh, it looks like perhaps the CIA was listening to this uh today's broadcast, or perhaps the mafia for that matter, is John Truman Wolf were working to get here as a connection re-established. But it's a fascinating discussion he was having earlier today about the assassination of John F. Kennedy November 22nd, 1963. And I wholeheartedly agree with his viewpoint. I've read about this uh extensively as well, and uh I think people should really realize that the mafia at 1963 is that's a complete, is an absolute nadir. It was never been more powerful before and since. They had control over multiple unions, specifically the Chicago outfits, because uh that uh they controlled the Teamsters Union and were burgeoning into Las Vegas, running the skim out of Las Vegas, not to mention the fact that the the Mafia blamed the Kennedys uh for losing their casinos in uh Cuba right before, right after the revolution of 1959. That was a big cash cow for the mafia, of course. And uh I I never really put too much stock in that this great government cabal between multiple different agencies came together to assassinate the commander-in-chief because first of all, I don't believe that uh that anybody that secret that big can be held by so many different people in so many different organizations. And uh I think that the uh mafia had uh pretty much the most most to gain from assassinating President Kennedy to get rid of Robert F. Kennedy. And don't forget, folks, one thing that the Mafia was instrumental and uh in getting John F. Kennedy elected. They delivered uh both West Virginia and they delivered both Illinois in the general election. And uh that they felt that they were owed some favors for that. And right after John F. Kennedy was uh was elected, he sicked his little brother on the mafia. And so there's a definite sense of betrayal. And the one thing that you don't want to do is you want you don't want to make the mafia angry when they're at the absolute nadir of their power. And uh that that's the the the fact that that Shaq Ruby was a known man, a known uh associate of the mafia who killed Oswald shortly after. I mean, and we're not gonna get into the mechanics here of actually what happened on that day, and you know, as as some have said, that uh that's just scenery. But really, it's um you have to think about all the who the mafia had to gain, perhaps getting back their casinos uh in Cuba and having a safe harbor and a friendly government just uh 90 miles away. And so uh I I think that uh it it's it's John makes a lot of great points here. It's uh the not only did Robert F. Kennedy was there going after their new heroin business, which of course, you know, if anybody's seen The Godfather, that was the business of the future. And uh the the absolute betrayal that's uh here you have the mafia at great expense and great uh you know personal pride uh delivering West Virginia in the primaries and then delivering Chicka, Illinois in the uh general election, and to have to be stabbed in the back by that same administration in the absolute hypocrisy, where, as uh John mentioned, there's multiple girlfriends being shared between the mafia and the Kennedy brothers. And uh it should be noted too that Johnny Roselli and uh Sam Giakana right before the church committee, which is the uh House investigation and assassinations in the late 70s. Guess what happened to Johnny Roselli? He was found floating in a barrel in the Miami Bay. Like literally days before the hearings. And what happened to Sam Gene Conn? He was under police protection and he was mysteriously shot while grilling sausages in his basement kitchen. So very interesting stuff there from John Truman Wolf. Welcome to Atlantis, where luxury meets excitement, right in the heart of northern Nevada. Step onto the casino floor and feel the energy of hundreds of slots, table games, and nonstop action. Hungry? Atlantis is home to award-winning dining, from fresh sushi and steakhouse classics to indulgent buffets and handcrafted cocktails. Need to unwind, float into the relaxation of the spa, soak in the indoor or outdoor pools, or simply take in the breathtaking Sierra views from your beautifully appointed room. And with world-class entertainment, shopping, and easy access to Lake Tahoe Adventure, Atlantis is more than a resort. It's the experience you've been waiting for. For reservations, call 775-825-4700. That's 775-825-4700. Or visit AtlantisCasino.com, AtlantisCasino.com.
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SPEAKER_20John Truman Wilf here back with you after a minor uh minor technical glitch. Let me wrap up today's show by uh focusing on the positiveness of the economy. We've been talking about some precious metals, uh uh, including copper, um, gold, silver, copper. Uh very very strong. The stock market uh today is over 50,000. Uh who would have believed that a few years ago? Uh, but it's uh trading above 50,000. So the equities are strong. Uh the um uh precious metals are are are kind of hanging out. This is after a uh a bull run uh for both gold and silver. Uh both of them have gone up handsomely and are now just kind of hanging out. Silver hanging out higher than than gold is proportionally. Um, and crypto is starting to return. Um I had a conversation. Um, who was it with? Oh yeah. Um uh George Nori, who is uh uh uh does a show called Coast to Coast AM. I was a guest uh last night on the show. Was it last night or Tuesday night? And uh we were talking about about crypto, and uh George has his questions about Bitcoin. I don't have any questions at all about it. Uh I think the crypto uh universe is here to stay. Um the fact that various governments are buying crypto and storing it as part of their treasury is a very strong indicator that has not only happened uh in the U.S. uh and various states in the U.S., but countries around the world. Uh uh buying uh uh Bitcoin, in some cases Ethereum, in some cases uh other other cryptos. Um and if you're looking for for a good crypto buy, I would recommend uh uh you you should have uh you should have some Bitcoin and Ethereum. Those are the two big ones. But uh there are thousands of cryptos and getting away from or getting uh in addition to uh Bitcoin and Ethereum, I'd buy some XRP. Um this is a uh company that has uh a unique um uh I guess it's software that facilitates banks from transferring from transferring uh money internationally much easier, faster, swifter than the so-called SWIFT system. Uh XRP is down, uh it was higher, it's been down, kind of hanging out, I think, at about a buck fifty. Um so I think that would be a very strong buy. XRP um for those of you that listen to me from time to time, I'm a big fan of a crypto called Tron T R O N. So there's four cryptos for you. Um uh Bitcoin, Ethereum, XRP, and Tron. Um, and I and uh I you know in time I think people will look back at uh uh Bitcoin uh uh and it'll be uh well into six figures. Uh it's currently trading in the low 80s, uh, but um uh down the road a bit, uh several hundred thousand dollar uh Bitcoin would not surprise me. So um precious metals, uh crypto, um, and some some real estate. Those are my three recommendations. Um and uh those are those will do you well in uh as you as we move forward here. All right, I'm gonna uh sign off here for this week. We're here every week at this time, same time, same station. I'm John Truman Wolf. This is a John Truman Wolf Financial Hour, and we'll look forward to seeing you next week. So long, folks.