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Speaker 1: The Supreme Court is in session and they are changing

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Speaker 1: everything as we know. We see globalism right now is

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Speaker 1: literally falling apart, but wef is crumbling and the US

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Speaker 1: is going back to the gold standard or else there

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Speaker 1: could be a civil war. Well, these are some of

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Speaker 1: the topics that we are going to talk about today

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Speaker 1: with returning guest Tom Luongo. Now, Tom is a geopolitical

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Speaker 1: and market analyst. He's the publisher of the Gold, Goats

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Speaker 1: and Guns newsletter, podcast and blog. More importantly, Tom is

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Speaker 1: an out of the box thinker and he's able to

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Speaker 1: connect dots that most people don't see. And of course

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Speaker 1: he backs it all up with a very strong track

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Speaker 1: record of making actionable calls on markets with uncommon accuracy.

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Speaker 1: With a decade of experience as a newsletter editor and

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Speaker 1: a contributor for Newsmax, Tom Lawongo pushes the line between

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Speaker 1: politics and markets with a lot of fun and brutal honesty.

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Speaker 1: So let's go ahead and just jump in with Tom.

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Speaker 1: Let's just jump in Tom Luongo, Gold Goats and Guns Podcast,

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Speaker 1: asked newsletter a wealth of information, someone that I turned

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Speaker 1: to regularly. I read your blogs, subscribe to your stuff,

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Speaker 1: and everyone else should do as well, as we're gonna

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Speaker 1: link to that down below, gold goats and guns. The

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Speaker 1: name sort of tells it all will come back to

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Speaker 1: why he's giving up the goat farming in a sense.

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Speaker 1: But you've been on my channel multiple times, so listeners

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Speaker 1: should know who you are. But let's just jump right

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Speaker 1: into it, because about a year ago, I think it's

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Speaker 1: maybe been since we've caught up. It's been a while.

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Speaker 1: You've been sort of on the front end a lot

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Speaker 1: of these trends. And one of the things that we

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Speaker 1: had talked about was sort of the growing administrative state,

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Speaker 1: deep state, whatever we want to call that, and the

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Speaker 1: tentacles that they've had in and one of these things

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Speaker 1: about this Chevron doctrine, And I think maybe we had

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Speaker 1: seen that the Supreme Court was going to rule on

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Speaker 1: that at some point, and that just happened. Now there's

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Speaker 1: a lot of different takes on this, so let's get

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Speaker 1: your take on this. So the Chevron doctrine, Supreme Court

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Speaker 1: ruled on it. What are your thoughts on that?

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Speaker 2: Well, the Chevrone difference was handed down in nineteen eighty four,

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Speaker 2: and as far as I'm concerned, it's probably the most consequential.

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Speaker 2: This is the repeal of it is probably the most

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Speaker 2: consequential well, okay, the ruling itself was probably the most

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Speaker 2: consequential advancement of the tyrannical state in the United States

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Speaker 2: since marbar versus Madison, or down maybe the dread Scott decision.

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Speaker 2: It was terrible. It literally literally unbalanced the three branches

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Speaker 2: of government such that the officers of the executive branch

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Speaker 2: could tell the officers of the judicial branch of the

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Speaker 2: judges what to do and how to how to adjudicate,

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Speaker 2: and how to interpret laws written by the legislative branch

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Speaker 2: Congress that didn't actually want to take responsibility for the

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Speaker 2: laws that they wrote. So it drove an entire, massive,

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Speaker 2: massive regulatory truck, you know, down right over all of

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Speaker 2: our constitutional rights, and the courts were literally unable to

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Speaker 2: do anything about it. They were forced to defer. And

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Speaker 2: that's not the Sebron doctrine, it's the Chevron deference. You

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Speaker 2: had to defer to the three letter alphabet agencies or

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Speaker 2: the five letter alphabet agencies or whatever, and which you know,

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Speaker 2: then sporify like mushrooms after a rain storm, you know.

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Speaker 2: And that's what we've had for the last forty years.

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Speaker 2: Literally it's the mechanism by which to turn the United

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Speaker 2: States from a constitutional republic into an unlikely technocracy, frankly

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Speaker 2: indistinguishable in the European Union. And like, as far as

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Speaker 2: I'm concerned, good riddance it was. It's always been the

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Speaker 2: thing that this is one of these things that's been

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Speaker 2: sitting around in my back of my head for years.

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Speaker 2: Dexter White and I, you know, we've been friends forever.

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Speaker 2: We've talked about how bad Chevron was. And he's the

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Speaker 2: one who brought it up to me about a year

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Speaker 2: and a half ago that there were court cases winding

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Speaker 2: their way through to make their way to the Supreme Court.

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Speaker 2: Now with thelast time you and I talked about it

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Speaker 2: and I brought it up, I said, you know, you know,

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Speaker 2: the Supreme Court was supposed to adjudicate on this last summer,

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Speaker 2: but they didn't. And I think the most important thing,

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Speaker 2: the most important take on this is not that Chevron

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Speaker 2: wasn't going to be overturned. Okay, it was the when

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Speaker 2: was the Supreme Court going to feel secure enough? And

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Speaker 2: it's you know, in reality, not djure, but you know,

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Speaker 2: in reality, the fact though safe enough to actually you know,

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Speaker 2: hand down decision like that because it's literally going against

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Speaker 2: the entire political juggernaut that is pushing the United States

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Speaker 2: and the entirety of the Western world into this you

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Speaker 2: know shnah of communism, and that's all it is. It's

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Speaker 2: just communism, and it's which is the ultimate technocratic state

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Speaker 2: is My friend Alexander mccuris reminded me of about six

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Speaker 2: years ago. He's like, we were talking about this stuff

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Speaker 2: and he said, you know, I started, you know, going

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Speaker 2: off in the EU, and he just reminded me it's

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Speaker 2: like the original technocratic state was the USSR, and all

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Speaker 2: they're doing in Europe is trying to perfect it and

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Speaker 2: they and all they're trying to do here in the

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Speaker 2: United States is is transported over here to destroy us

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Speaker 2: in the process. And I'm sorry, this is clearly obvious

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Speaker 2: to me from the day the WEF came out during

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Speaker 2: COVID and said you will you know, own nothing and

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Speaker 2: be happy. That was their coming out party. That was

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Speaker 2: their way of saying, we own you and there's nothing

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Speaker 2: you can do to stop it. Now, every conversation that

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Speaker 2: you and I have had, Mark, it's the first time

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Speaker 2: you had me on which was you know, a great

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Speaker 2: which was a great service you did me when you did.

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Speaker 2: And we've had since then, and when I've had you

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Speaker 2: and Alex on my podcast and we've all we've talked

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Speaker 2: about these things. Is that was there or is there

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Speaker 2: the existence of a counter veiling force within the United

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Speaker 2: States power structure that would just say nuts to this

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Speaker 2: and we're and what would be? And all I was

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Speaker 2: thinking thinking about was, well, what would the conditions be,

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Speaker 2: what would have to happen in order to start that process? Well, clearly,

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Speaker 2: the only you know, the the military industrial complex wants this.

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Speaker 2: They love this, Congress loves it, Davos loves it. Everybody

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Speaker 2: loves it. Until you get to a point where you realize, Okay,

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Speaker 2: the only people who can't make any money at under

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Speaker 2: Klaus Schwab's vision of the future are the US banks.

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Speaker 2: And so at some point you had to say to yourself, Okay,

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Speaker 2: everybody's pushing up towards their existential threat. Right. The banks

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Speaker 2: are looking at the destruction of the private formation of capital.

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Speaker 2: The Defense Department FINT is looking at the existential threat

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Speaker 2: of having to fight Russia over Swampland at eastern Ukraine

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Speaker 2: and or other places around the world. And they're not

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Speaker 2: ready for it. We're not ready for it, like the

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Speaker 2: whole country's has been hollowed out, you know, conceptually. And

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Speaker 2: Chevron was the heart of this on not allowing any

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Speaker 2: any deviation from the bureaucratic path and the technocratic path.

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Speaker 2: And I think that's why this is so unbelievably monumental.

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Speaker 2: It starts the process of saying, you know what, no.

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Speaker 2: And this is the interesting thing about what the Supreme

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Speaker 2: courtse that'll turn the micro over in just a second,

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Speaker 2: which is the following, which is it said, Okay, the

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Speaker 2: cases that have been adjudicated under Chevron aren't going to

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Speaker 2: be overturned, but every one of them can now be

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Speaker 2: potentially re litigated, okay, because Chevron should have never been

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Speaker 2: in place in the first place. So it's not going

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Speaker 2: to repeal any of this stuff. What it's going to

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Speaker 2: do is going to force on a case by case basis,

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Speaker 2: all of these all of this thirteen fourteen thousand cases

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Speaker 2: that are out there, they're all going to they can

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Speaker 2: all be realigated because all somebody has to do is

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Speaker 2: find harm of the you know, of that policy, and

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Speaker 2: then the government is going to have to justify what

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Speaker 2: they did without being able to use Chevron as their justification,

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Speaker 2: and they're basically they're they're just saying no card. Okay.

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Speaker 1: So in a constitutional republic, we have a constitution that

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Speaker 1: sort of a lot of people have this mis construed

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Speaker 1: and they think that it sort of gives us freedoms

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Speaker 1: or gives us rights, but instead it actually limits what

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Speaker 1: the government can actually do. And the problem that we've

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Speaker 1: seen escalated over time, but specifically through COVID is we

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Speaker 1: saw the government come in and make all types of

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Speaker 1: rules and regulations. I'm in California. Of course, Newsom tried

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Speaker 1: to be at the forefront of that, and they put

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Speaker 1: all types of crazy mandates, which who knows what that

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Speaker 1: even is right in place, and then you know, I

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Speaker 1: had arguments, and, like most people around the world, maybe

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Speaker 1: lost a lot of friends over this, because all of

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Speaker 1: a sudden you start to see who was on separate sides.

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Speaker 1: And I remember specifically one conversation I had and my

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Speaker 1: neighbor was like, well, this is the way that our

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Speaker 1: government works. I don't think it's against the constitution. You

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Speaker 1: do think it's against the constitution. I was very strong

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Speaker 1: about that, and he was strong in his opinion and

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Speaker 1: he's like, so it goes to the courts, and the

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Speaker 1: courts will tell us is this to the Constitution or not.

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Speaker 1: And what we've seen unfortunately through the COVID stuff. Years later,

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Speaker 1: the court said, hey, what you did was unconstitutional and

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Speaker 1: so you couldn't have done that. Unfortunately, we have a

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Speaker 1: couple of years worth of damages. And in the case

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Speaker 1: of the Chevron doctrine deference here, I'm guessing that's what

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Speaker 1: you're saying is sort of the same thing. The Supreme

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Speaker 1: Court now has basically said, hey, look, you guys don't

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Speaker 1: have this power. This is unconstitutional. You couldn't have done that.

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Speaker 1: You shouldn't have done that, You didn't have the power

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Speaker 1: to do that. However, the damage is done, and so

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Speaker 1: what you're saying is it doesn't unwind all those things.

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Speaker 1: But now a lot of these companies who do have damages.

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Speaker 1: So the case specifically was a small fishing company or

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Speaker 1: something like that. I mean, they had massive monetary damages,

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Speaker 1: and so now they may be able to go sort

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Speaker 1: of come back and relitigate that and maybe get some

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Speaker 1: of that money back.

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Speaker 2: Well, they're definitely going to to have to they should

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Speaker 2: absolutely under Chevron. Uh, the Fisheries Department or whatever. I

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Speaker 2: don't know the exact four letter agency. I don't remember.

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Speaker 2: The acronym doesn't matter. You know this seven hundred dollars

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Speaker 2: a day uh fee that they were charging for monitoring

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Speaker 2: this poor company. Like whatever finds have been racked up,

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Speaker 2: like those go away, they're not gonna pay them. And

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Speaker 2: any finds it or any not fines and you know,

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Speaker 2: or or fees or anything else, they're not gonna pay

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Speaker 2: them because it's been overturned.

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Speaker 1: Uh.

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Speaker 2: And any find and any finds indoor fees that they've

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Speaker 2: paid previously should be paid back to them, including all

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Speaker 2: their legal costs and everything else. Like this is this

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Speaker 2: is the way this is supposed to work. You don't

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Speaker 2: get to you know, it's like we've been living under

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Speaker 2: this this this this this this rubric of they get

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Speaker 2: to people with money, and people and government with power

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Speaker 2: get to just you know, just get to file suit

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Speaker 2: against you for whatever. They just we just indicted Donald

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Speaker 2: Trump on thirty four charges of eating a ham sandwich

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Speaker 2: for all intensive purposes. And yet this is and I

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Speaker 2: make a Murray rothbrog reference when they when I do that,

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Speaker 2: this is you know, they just think, well, this will

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Speaker 2: just pack this, will this overwhelm you with with money,

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Speaker 2: with with law, with legal problems that you can't afford

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Speaker 2: to even face. And that's how we're going to keep you,

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Speaker 2: keep you down. But then not only did they have that,

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Speaker 2: but they also had the deck stacked completely in their

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Speaker 2: favor so that there was no recourse to our rights.

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Speaker 2: Like the constitutional Republic fundamentally ended with Chevron. It was

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Speaker 2: the final like blow when you really stop to think

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Speaker 2: about how uttered, unutterably tyrannical Chevron was. Unelected. Mid wits

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Speaker 2: with power at any random agency could feather their own nest.

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Speaker 2: If it's just if you want to be like like

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Speaker 2: like g nolly evil, you can have some you know,

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Speaker 2: third class functionary over at BHF and just you know,

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Speaker 2: just steal money, just shake people down. Well you know what,

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Speaker 2: it would be a real you know, it's just mafia stuff.

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Speaker 2: It'ld be a real shame if your business went under

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Speaker 2: because we've levy to find against you every day unless

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Speaker 2: you paid me five hundred bucks. Like this is what

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Speaker 2: this That's exactly what this was. And it was so

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Speaker 2: very freaking obvious and so at the very least what

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Speaker 2: this really means to me is the following. As I

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Speaker 2: said at the beginning, what changed to allow the court,

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Speaker 2: who put off this decision for a year? What changed

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Speaker 2: that finally allowed the court to say, you know what,

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Speaker 2: we can rule on this and our children aren't going

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Speaker 2: to be murdered, because that's the reality of the situation. Okay.

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Speaker 2: Like for the last four months, they've been building a

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Speaker 2: public case about why sam Alito and his wife need

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Speaker 2: to be murdered. All right, they were clearly laying out

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Speaker 2: a path to activating Antifa to go after sam Alito

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Speaker 2: and Clarence Thomas. And now after Chevron and the Trump

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Speaker 2: immunity decision, they're all running around going, oh, well, that

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Speaker 2: gives Joe Biden, you the the the power to just

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Speaker 2: off Trump and be done with it, and they can't

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Speaker 2: do anything with it. I'm like, really, have you did you?

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Speaker 2: Did you fail third grade? Reading? Really? Did you? Did

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Speaker 2: you fail? Like reading Article two and article three of

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Speaker 2: the of the of the Constitution where the president's enumerated

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Speaker 2: powers are or whatever whichever article it is I don't

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Speaker 2: quite remember off the top of my head, but like,

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Speaker 2: I don't see that as one of the president's enumerated

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Speaker 2: powers he can just legally, you know, murder American citizens

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Speaker 2: because he disagrees with them. He doesn't have that power.

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Speaker 2: Last I checked, the king had that power. So these

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Speaker 2: people are not only are they evil, they're stupid and

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Speaker 2: evil and it just needs to end. It just we

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Speaker 2: just need to look at them at this point and go,

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Speaker 2: that's enough. You don't get to you literally don't get

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Speaker 2: to speak anymore, and we get to laugh at you

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Speaker 2: and we get to shout you down because you people

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Speaker 2: are done. This is wrong. It's one reason I'm done

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Speaker 2: with the short and I'm done with the struggle session, Mark,

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Speaker 2: I really am. I'm just done with even caring about

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Speaker 2: giving them, you know, the benefit of the doubt on

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Speaker 2: any of this. They're all just sick, evil, twisted, fucking assholes.

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Speaker 2: That's it done.

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Speaker 1: One of the things I've argued with, you know, the

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Speaker 1: attack on freedom of speech, is that you know, they say, well,

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Speaker 1: certain people shouldn't be able to say these things, but

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Speaker 1: it's like we kind of need them to say these

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Speaker 1: things so we can see how evil they really are.

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Speaker 1: And they're sort of showing themselves right now. I'll be honest,

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Speaker 1: I was completely shocked. I told my wife some of

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Speaker 1: the stuff and she shouldn't be shocked either, but I

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Speaker 1: told her some of the stuff that was coming out

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Speaker 1: on Twitter, and she couldn't believe it either. I mean literally,

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Speaker 1: we have like prominent people like head of the BBC

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Speaker 1: call in for like the president, assassinate people, send in

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Speaker 1: sealed Team six I saw right, Like, I mean all

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Speaker 1: of these things, I mean, like what, like where does

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Speaker 1: this even come from? And the fact that they're able

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Speaker 1: to say this stuff out loud is just it's just unbelievable.

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Speaker 1: It's amazing how far and how fast we've come in

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Speaker 1: such a short period of time, especially when this is

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Speaker 1: the group of people that are calling for the censorship

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Speaker 1: of people because you might say things that might offend people,

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Speaker 1: and now they're openly calling for assassination and murder.

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Speaker 2: Yeah, I know, Well that's the thing. It's always been

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Speaker 2: this way and it and you're you're completely right. This

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Speaker 2: is who these people always were, right, And the fact

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Speaker 2: that they're now having to deal with the fact that

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Speaker 2: we disagree with them and we have a little bit

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Speaker 2: of it and we have like the legal standing now

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Speaker 2: and they just say, well, no, we just need to

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Speaker 2: kill you all. Like really, we always knew this is

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Speaker 2: what you wanted to do, something new. We've always known

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Speaker 2: this and we're now thankfully now you're just showing everybody

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Speaker 2: who you actually are. I mean, Keith Overman has been

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Speaker 2: like been telling everybody that just just shoot everybody for

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Speaker 2: years now for all intents and purposes. And same thing

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Speaker 2: with the Nero and all the rest of these is rotten.

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Speaker 3: Up and also you know, threatening to be Anakin singer

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Speaker 3: and like Liz Cheney, and they're all because they're all

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Speaker 3: scared to death of actually being They know that they're guilty,

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Speaker 3: they know that they have now been exposed, and now

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Speaker 3: they're literally freaking out because for the first time they

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Speaker 3: actually have to fight on a level playing field, when

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Speaker 3: before that they always just got this, you know, sit

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Speaker 3: there in virtue signal.

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Speaker 2: They're sagging tits off every day and tell and tell

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Speaker 2: everybody it doesn't matter if they're man, boobs or otherwise,

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Speaker 2: that you know, we are the keepers of the holy

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Speaker 2: and you are not. And you are you know, you

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Speaker 2: are the plorable, outcast and unclean and you just have

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Speaker 2: to take it because we don't have to listen to you.

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Speaker 2: They never had to listen to us. And now you

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Speaker 2: can tell you you can tell that their overreaction. They're historyonic, literal,

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Speaker 2: over the top reaction of oh no, now it's okay

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Speaker 2: to call for the murdering of the presidential Republican presidential candidate,

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Speaker 2: excuse me, or anybody else who is okay, well, just

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Speaker 2: needed to start murdering everybody or pack the cord or

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Speaker 2: everything else. Why Because it's just it is who they've

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Speaker 2: always been, and they're now unbelievably scared because they know

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Speaker 2: the jig is up and they know it's all going

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Speaker 2: to roll against them, and they don't know what else

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Speaker 2: to do now.

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Speaker 1: So we shouldn't be that shocked because I mean, they

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Speaker 1: openly called for everyone who voted for Trump to go

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Speaker 1: through re education camps the majority of Americans or should

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Speaker 1: be go be re educated. I mean, that was that

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Speaker 1: was pretty extreme, So it shouldn't be so shocking, but

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Speaker 1: it is. Some of the theying is that this Chevron

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Speaker 1: doctrine effects, which is basically everything every every one of

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Speaker 1: these government administrative states you mentioned, A few of them

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Speaker 1: are sort of now reeling from the effects, but some

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Speaker 1: of them, specifically in regards to bitcoin, we saw that

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Speaker 1: there has been sort of the Biden administration has been

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Speaker 1: utilizing some of these administrative companies in regards to the

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Speaker 1: way that they use power, demanding bitcoin minors to you know,

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Speaker 1: release information about how much power they use and things

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Speaker 1: like that, and so sort of weaponizing the energy the

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Speaker 1: EPA against bitcoin and weaponizing the sec against it at

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Speaker 1: the same time. So do you think this rollback sort

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Speaker 1: of really pulls back that press they've been put in

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Speaker 1: on bitcoin in regards to a couple of those those agencies.

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Speaker 2: Oh, sure, absolutely, without a doubt. And it's not just bitcoin.

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Speaker 2: Bitcoin's only one aspect of this, but of course it's

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Speaker 2: like everything else. Look, they wanted to They always were

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Speaker 2: going to use climate change as the means by which

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Speaker 2: to beat us into giving up everything that we enjoy

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Speaker 2: about living in the first world. That was always the point, right.

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Speaker 2: Their Their goal is to their goal is literally to

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Speaker 2: replace us with AI and you know, robots and all

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Speaker 2: the rest of it, and then that they can have

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Speaker 2: a nice, simply controlled world and they don't have to

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Speaker 2: deal with you know, the dirty meat space that is,

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Speaker 2: you know, human beings. And that's fine. These are people

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Speaker 2: who are disembodied left brains, if you you know, if

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Speaker 2: you follow email Gilchrist, they believe the model is the world,

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Speaker 2: and then they believe that they can just create whatever

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Speaker 2: reality they want and then impose it on the rest

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Speaker 2: of the world. They won't be able to do that now,

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Speaker 2: So yeah, like they're not going to be able to

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Speaker 2: tell us like we're going to be able to roll

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Speaker 2: back and get light and get light bulbs that don't

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Speaker 2: burn out or make us crazy like the LEDs there.

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Speaker 2: We're going to get toilets that flush and actually get

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Speaker 2: rid of our waist. They're going to we're going to finally,

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Speaker 2: we're going to get cars that don't suck, Like that's

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Speaker 2: the first one. We're going to get car that don't suck,

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Speaker 2: which is in the car industry. I've been ranting about

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Speaker 2: this for years. The car industry was at the epicenter.

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Speaker 2: It was at the nexus point of all of these

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Speaker 2: different mechanisms of control, because without a functioning auto and

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Speaker 2: transport industry, you have no energy transport. Without energy transport,

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Speaker 2: you have no food transport, no commodity transport, no commerce,

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Speaker 2: no this, no that, no bank, no no, no private banking,

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Speaker 2: none of it. It's all rests on the ability to

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Speaker 2: transport goods and services and human beings to and where

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Speaker 2: they need to go in order to turn what is

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Speaker 2: into what will be like this is basic economics. One

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Speaker 2: oh one. I hate to use that term, but you know,

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Speaker 2: we're dealing with communists, so we kind of have to

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Speaker 2: go back to that, to the basics. So yes, so bitcoin,

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Speaker 2: they were absolutely going coming out bitcoin from like four

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Speaker 2: or five different directions, not including the least of which

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Speaker 2: is and And by the way, this is going to

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Speaker 2: sound like a criticism, but for example, as all of

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Speaker 2: this is happening, a guy who I actually really like

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Speaker 2: and would love to see take over as for Ron

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Speaker 2: DeSantis as governor of Florida, Matt Gates putting forth the

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Speaker 2: idea that cute that Americans could pay their taxes in bitcoin.

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Speaker 2: What do you want in your mind? That's like the

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Speaker 2: greatest centralization of the bitcoin ever, because what do they

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Speaker 2: want to do. They want to they want to block

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Speaker 2: off all the whales that we're sitting on, all this

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Speaker 2: bitcoin that the government doesn't control. They're gonna they want

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Speaker 2: Elizabeth Warren to to get past unrealized capital gains tax,

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Speaker 2: force these people to sell, cut off all of their

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Speaker 2: their mechanisms by which to convert them back in the

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Speaker 2: dollars so that they can pay their capital gains tax

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Speaker 2: and pay everything else. No, they just want to No,

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Speaker 2: just give us the big deal, because then and then

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Speaker 2: they control the bitcoin. Then they can start controlling the

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Speaker 2: protocol and every and they can start attempting to control

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Speaker 2: the protocol. Not saying that they can, folks, for all

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Speaker 2: the maxis in the audience, I understand how bitcoin works.

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Speaker 2: What I'm saying is from their perspective, they think that

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Speaker 2: they can control the bitcoin, they can control the value

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Speaker 2: of it, the price of it, and everything else. And

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Speaker 2: in some ways they're not wrong, and you and we

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Speaker 2: all need to make our peace with the fact that

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Speaker 2: these people are evil, and then you have to think

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Speaker 2: like them in order to figure out what they're trying

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Speaker 2: to do. So Bitcoin was being attacked from like multiple angles,

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Speaker 2: and I was like, no, mac As, I'm not paying

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Speaker 2: my Yeah, I don't consider it a privilege to pay

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Speaker 2: my income taxes in bitcoin. I think that's actually the

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Speaker 2: dumbest thing imagining. Yeah.

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Speaker 1: Yeah, but you know, good, good money drives out bad

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Speaker 1: and there's the opposite of that, and so you want

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Speaker 1: to save in the good currency and spend the bad currency.

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Speaker 1: So spend your Fiat's right. It's why pre sixty five

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Speaker 1: nickels or quarters and dimes are no longer in circulation anymore.

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Speaker 1: People have saved those and spend the post.

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Speaker 2: One Well, dimes and quarters were the ones that were

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Speaker 2: quarters that were silver. It was only nickels were actually

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Speaker 2: called nickels because they are seventy five percent nickel in

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Speaker 2: twenty and.

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Speaker 1: They no longer have nickel only for three years.

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Speaker 2: It was only for three years during World War Two

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Speaker 2: that we actually we actually produced silver nickels because we

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Speaker 2: needed the copper and the nickels so bad to fight

429
00:22:57,520 --> 00:22:59,680
Speaker 2: the war that we didn't care about the silver.

430
00:22:59,800 --> 00:23:01,840
Speaker 1: Yeah, it was fast, but nickel or longer nickels are

431
00:23:01,880 --> 00:23:04,280
Speaker 1: no longer nickel either. But I want to come back

432
00:23:04,320 --> 00:23:07,520
Speaker 1: to this point that you said about why are they

433
00:23:07,600 --> 00:23:10,040
Speaker 1: coming out now now? Something I've been talking about since

434
00:23:10,480 --> 00:23:15,640
Speaker 1: twenty twenty one is how we were approaching peak centralization

435
00:23:15,720 --> 00:23:19,359
Speaker 1: and the pendulum is swinging back towards decentralization. And a

436
00:23:19,359 --> 00:23:22,320
Speaker 1: lot of people I talked about the blowoff top of socialism,

437
00:23:22,440 --> 00:23:24,199
Speaker 1: and a lot of people back in twenty twenty one

438
00:23:24,640 --> 00:23:26,119
Speaker 1: and twenty twenty two are like Mark, you're out of

439
00:23:26,160 --> 00:23:27,760
Speaker 1: your mind. I mean, the WEF is getting more power,

440
00:23:27,840 --> 00:23:29,760
Speaker 1: the BIS is getting more power, the IMF is getting

441
00:23:29,800 --> 00:23:32,120
Speaker 1: more power. And it was, but I could already start

442
00:23:32,119 --> 00:23:33,720
Speaker 1: to see the cracks, and that's what I was, looking

443
00:23:33,720 --> 00:23:35,840
Speaker 1: at the cracks. But now it appears the dam is

444
00:23:35,880 --> 00:23:40,240
Speaker 1: completely busting and open. We see the sort of maybe

445
00:23:40,320 --> 00:23:43,520
Speaker 1: the tide turning against klaud Schwab himself. We'll come back

446
00:23:43,520 --> 00:23:47,400
Speaker 1: to that. But coming back to the point, you said why,

447
00:23:47,600 --> 00:23:49,800
Speaker 1: or you said, do you think that the Supreme Court

448
00:23:50,000 --> 00:23:53,520
Speaker 1: now feels secure enough to come out on this? So

449
00:23:53,560 --> 00:23:56,160
Speaker 1: what does that mean? Why are they now secure enough?

450
00:23:57,240 --> 00:23:59,440
Speaker 2: That's a great it's a great question. And yes, the

451
00:23:59,480 --> 00:24:02,119
Speaker 2: whole cloud swab, nuts and slots thing coming out at

452
00:24:02,160 --> 00:24:05,560
Speaker 2: the exact same time even more prima facient evidence that

453
00:24:08,040 --> 00:24:10,960
Speaker 2: I've been saying since twenty twenty one. You know, my

454
00:24:10,960 --> 00:24:12,640
Speaker 2: partner next to White said it to me the other day.

455
00:24:12,760 --> 00:24:14,800
Speaker 2: You called the shot in twenty twenty one that Powell

456
00:24:14,880 --> 00:24:17,439
Speaker 2: was off the reservation. You called the shot, You pointed

457
00:24:17,480 --> 00:24:20,800
Speaker 2: at the you pointed at the at the short porch

458
00:24:20,800 --> 00:24:22,680
Speaker 2: in Yankee Stadium, and then you hit the home run.

459
00:24:24,359 --> 00:24:28,560
Speaker 2: I'm still like, okay, yeah, maybe, okay, but let's play

460
00:24:28,600 --> 00:24:32,440
Speaker 2: this out, we're not here today, if Powell doesn't implement

461
00:24:32,560 --> 00:24:36,960
Speaker 2: SOFUR during the Trump administration, if Trump doesn't put a

462
00:24:37,000 --> 00:24:40,359
Speaker 2: whole bunch of Circuit court judges in that are actually

463
00:24:40,359 --> 00:24:44,880
Speaker 2: half way reasonable during his term. Remember, those are really

464
00:24:44,960 --> 00:24:47,200
Speaker 2: the only two things that Trump did, other than keeping

465
00:24:47,280 --> 00:24:50,040
Speaker 2: us out of war with Russia, which is a secondary point.

466
00:24:50,240 --> 00:24:53,280
Speaker 2: But those two were probably, in hindsight, the most consequential

467
00:24:53,280 --> 00:24:56,160
Speaker 2: things that Trump got done during his first term. During

468
00:24:56,160 --> 00:25:00,439
Speaker 2: the first season of the Trump Show, because the courts

469
00:25:00,480 --> 00:25:04,719
Speaker 2: set up Chevron and SOFER sets up where we are

470
00:25:04,760 --> 00:25:07,359
Speaker 2: today with interest rates and the money and money and

471
00:25:07,359 --> 00:25:12,720
Speaker 2: everything else, and the and the the capital markets. So

472
00:25:13,800 --> 00:25:17,359
Speaker 2: the Democrats have always planned on getting rid of Joe Biden.

473
00:25:17,840 --> 00:25:21,439
Speaker 2: Let's not kid ourselves, Okay, they understood, they've known, like

474
00:25:21,520 --> 00:25:23,560
Speaker 2: we've known for years that Joe was never going to

475
00:25:23,640 --> 00:25:25,800
Speaker 2: run for reelection or that they were going to have

476
00:25:25,800 --> 00:25:27,919
Speaker 2: to figure out a way to get him off, you know,

477
00:25:27,960 --> 00:25:31,240
Speaker 2: off the stage. Biden and his family, of course, don't

478
00:25:31,280 --> 00:25:33,359
Speaker 2: want to leave the stage because they are so corrupt.

479
00:25:33,359 --> 00:25:35,359
Speaker 2: The only thing keeping them out of jail right now

480
00:25:35,880 --> 00:25:39,960
Speaker 2: is the fact that he's president. Okay, So of course

481
00:25:40,040 --> 00:25:42,959
Speaker 2: Joe Biden wants to continue being president of the United States.

482
00:25:44,400 --> 00:25:48,440
Speaker 2: But so they set up this debate for the day

483
00:25:48,600 --> 00:25:53,440
Speaker 2: before the end of Q two in the capital markets, right,

484
00:25:53,560 --> 00:25:55,520
Speaker 2: so Thursday night, Q two is going to end on

485
00:25:55,560 --> 00:25:58,959
Speaker 2: Friday afternoon at five o'clock so that the world can

486
00:25:59,000 --> 00:26:04,400
Speaker 2: see that Joe Biden really is decompensating faster than anybody ever,

487
00:26:04,880 --> 00:26:07,720
Speaker 2: anybody ever thought, and all of a sudden and I

488
00:26:07,760 --> 00:26:13,399
Speaker 2: and I don't for for for for the record, I

489
00:26:13,440 --> 00:26:17,520
Speaker 2: don't think that the trolls at CNN were acting and

490
00:26:17,560 --> 00:26:21,439
Speaker 2: the and the after really a debate pity party. I

491
00:26:21,440 --> 00:26:26,800
Speaker 2: think I think I think that they're only I think

492
00:26:26,840 --> 00:26:29,119
Speaker 2: they're told what they're what they're told what they're supposed

493
00:26:29,160 --> 00:26:31,840
Speaker 2: to do, and they actually don't watch anything. I think

494
00:26:31,840 --> 00:26:35,760
Speaker 2: they see all the same clips that are sanitized and

495
00:26:36,119 --> 00:26:40,159
Speaker 2: given to them. You know, I really do. Because the

496
00:26:40,160 --> 00:26:45,440
Speaker 2: best way to sell the the flip the needle scratch

497
00:26:45,520 --> 00:26:48,440
Speaker 2: of oh my god, Joe Biden is like is insane

498
00:26:49,400 --> 00:26:52,480
Speaker 2: is for them to actually believe it themselves. I mean,

499
00:26:52,520 --> 00:26:54,200
Speaker 2: if I were, if I were scripting this, if I

500
00:26:54,240 --> 00:26:57,760
Speaker 2: were directing this movie, they would not be actors in

501
00:26:57,840 --> 00:27:02,040
Speaker 2: that moment. I would have them be honestly shocked and

502
00:27:02,080 --> 00:27:06,480
Speaker 2: have their me medic collapse and their world completely change overnight.

503
00:27:06,760 --> 00:27:09,719
Speaker 1: Right, Ben Hunt put out a piece I believe it's

504
00:27:10,240 --> 00:27:13,359
Speaker 1: epsilon theory, and put out a piece about common knowledge

505
00:27:13,400 --> 00:27:16,760
Speaker 1: or general knowledge and sort of talked about how everybody

506
00:27:16,800 --> 00:27:19,120
Speaker 1: knows it privately, but nobody wants to talk about it,

507
00:27:19,160 --> 00:27:21,040
Speaker 1: sort of the emperor wears no clothes, so to speak.

508
00:27:21,119 --> 00:27:23,760
Speaker 1: Everyone knew the emperor was naked, but once someone set

509
00:27:23,800 --> 00:27:26,520
Speaker 1: it out loud and then they knew that everybody else

510
00:27:26,600 --> 00:27:28,920
Speaker 1: knew the same thing, that they could start talking about it.

511
00:27:29,119 --> 00:27:31,440
Speaker 1: And that's maybe sort of like this, like everyone sort

512
00:27:31,440 --> 00:27:34,440
Speaker 1: of knew Biden was like that. Obviously some of us

513
00:27:34,640 --> 00:27:36,959
Speaker 1: openly spoke about it, but some of them didn't. But

514
00:27:37,000 --> 00:27:39,320
Speaker 1: once it was out in the open and then everybody

515
00:27:39,359 --> 00:27:41,120
Speaker 1: saw it, there was just no way they couldn't talk

516
00:27:41,160 --> 00:27:42,160
Speaker 1: about it. Something like that.

517
00:27:42,800 --> 00:27:45,000
Speaker 2: Right, So that's the first part of the setup. And

518
00:27:45,080 --> 00:27:47,360
Speaker 2: so we knew this was coming. It was on the schedule,

519
00:27:47,800 --> 00:27:50,399
Speaker 2: And people have been asking me all day and all

520
00:27:50,480 --> 00:27:52,679
Speaker 2: the last couple of days, like why did Trump even

521
00:27:53,320 --> 00:27:55,440
Speaker 2: you know, agree to this debate knowing full well that

522
00:27:55,560 --> 00:27:57,439
Speaker 2: you know this is a setup in order to get

523
00:27:57,480 --> 00:27:59,480
Speaker 2: rid of Biden. I'm like, because the best way for

524
00:27:59,560 --> 00:28:02,760
Speaker 2: him to win is for him to let them show

525
00:28:02,800 --> 00:28:06,760
Speaker 2: Biden for what he is, let them attempt to replace him,

526
00:28:06,920 --> 00:28:10,159
Speaker 2: and then watch the civil war within the Democratic Party

527
00:28:10,280 --> 00:28:13,040
Speaker 2: as all three, four, five, six different factions with the

528
00:28:13,080 --> 00:28:17,000
Speaker 2: Democratic Party, and I think there's at least three you know,

529
00:28:17,520 --> 00:28:19,600
Speaker 2: you know, fight amongst themselves until we figure out what's

530
00:28:19,640 --> 00:28:22,080
Speaker 2: gonna you know, who's gonna gonna win. And this is

531
00:28:22,080 --> 00:28:23,639
Speaker 2: exactly what Dexter White and I talked about in the

532
00:28:23,720 --> 00:28:25,679
Speaker 2: latest issue with the Gold, Goat and Guns podcast. We

533
00:28:25,720 --> 00:28:30,119
Speaker 2: did we did this like on Sunday afternoon, and I

534
00:28:30,160 --> 00:28:35,280
Speaker 2: put it out last night, so I think they knew

535
00:28:35,280 --> 00:28:38,000
Speaker 2: it was coming, they knew what was getting set up.

536
00:28:38,080 --> 00:28:41,080
Speaker 2: And the Supreme Court right at the end of their

537
00:28:41,520 --> 00:28:45,960
Speaker 2: legislation of their session, then dumped everything on the market,

538
00:28:46,640 --> 00:28:49,240
Speaker 2: everything all at once, and then the war the War

539
00:28:49,320 --> 00:28:51,760
Speaker 2: Street Journal puts out the nuts and Smuts campaign against

540
00:28:51,920 --> 00:28:56,200
Speaker 2: Kyles Schwab. It's all coordinated. There are no coincidences here, okay,

541
00:28:56,440 --> 00:29:00,720
Speaker 2: and we've all been focusing on Chevron right and the

542
00:29:00,720 --> 00:29:04,080
Speaker 2: Trump thing. But and I didn't. I didn't catch this.

543
00:29:04,120 --> 00:29:05,760
Speaker 2: One of my patrons caught it, and he called me

544
00:29:05,760 --> 00:29:07,120
Speaker 2: out and he's like, dude, how could you miss this?

545
00:29:07,240 --> 00:29:11,760
Speaker 2: I'm like, because I'm busy, and the life, the life happens.

546
00:29:11,760 --> 00:29:13,959
Speaker 2: Thank you for pointing this out to me. The jacker

547
00:29:14,040 --> 00:29:18,080
Speaker 2: Se case about the SEC is actually more is actually

548
00:29:18,120 --> 00:29:21,600
Speaker 2: almost as consequential because there in that one, you know,

549
00:29:22,040 --> 00:29:25,400
Speaker 2: the SEC brought fraud charges against this hedge fund manager

550
00:29:25,400 --> 00:29:27,360
Speaker 2: ten years ago and then you know, and find the

551
00:29:27,360 --> 00:29:30,880
Speaker 2: crab out of him and claimed that their administrative star

552
00:29:30,960 --> 00:29:35,880
Speaker 2: chamber courts were good enough to you know, adjudicate against

553
00:29:35,880 --> 00:29:38,400
Speaker 2: this guy have and the Supreme Court is like, uh no,

554
00:29:39,680 --> 00:29:44,280
Speaker 2: that's a jury by his peers issue. And the legal

555
00:29:44,320 --> 00:29:47,160
Speaker 2: decision on this is very is actually very interesting because

556
00:29:47,640 --> 00:29:51,080
Speaker 2: the SEC. And I'm not a constitutional scholar, so I'll

557
00:29:51,120 --> 00:29:55,640
Speaker 2: get like the the article and section numbers wrong, but

558
00:29:55,840 --> 00:29:58,880
Speaker 2: they were trying to argue one section of the Constitution,

559
00:29:59,760 --> 00:30:05,200
Speaker 2: the executive branch, versus the another article of the Constitution,

560
00:30:05,520 --> 00:30:08,680
Speaker 2: which was enumerting the you know, which was enumrating like

561
00:30:08,680 --> 00:30:12,000
Speaker 2: the legislative branch. And so they were trying to mix

562
00:30:12,040 --> 00:30:14,200
Speaker 2: those two things together in order to get what they wanted,

563
00:30:14,240 --> 00:30:16,640
Speaker 2: and they got away with it for years, again thanks

564
00:30:16,640 --> 00:30:20,880
Speaker 2: to Chevron. So the two of those things together. Really

565
00:30:22,400 --> 00:30:28,520
Speaker 2: that's the like the Judo esque you know, body slam reversal,

566
00:30:28,560 --> 00:30:31,520
Speaker 2: complete reversal. And so now all of a sudden, we

567
00:30:31,560 --> 00:30:35,640
Speaker 2: actually have the possibility of getting government of buying for

568
00:30:35,800 --> 00:30:39,320
Speaker 2: the people out of the court system because the because

569
00:30:39,600 --> 00:30:42,800
Speaker 2: the administrative state has been you know, literally gutted, and

570
00:30:42,840 --> 00:30:44,880
Speaker 2: now we can go back to a jury by you know,

571
00:30:44,920 --> 00:30:46,600
Speaker 2: we can go back to trial jury and they can't

572
00:30:46,640 --> 00:30:48,360
Speaker 2: just you know, find us and take all of our

573
00:30:48,360 --> 00:30:50,360
Speaker 2: money and bankrupt this all because you know, we looked

574
00:30:50,360 --> 00:30:52,520
Speaker 2: at somebody sideways, or we put out a mean tweet

575
00:30:52,560 --> 00:30:56,080
Speaker 2: about Ursula Vanderline, which this is the funny part about it.

576
00:30:56,080 --> 00:30:57,840
Speaker 2: It's like we're at the point now where if we

577
00:30:57,880 --> 00:31:01,120
Speaker 2: say mean things about European leaders, like they send people

578
00:31:01,120 --> 00:31:02,560
Speaker 2: to our doors, they send the f b I to

579
00:31:02,600 --> 00:31:05,400
Speaker 2: our house, Like fuck is this ship?

580
00:31:05,480 --> 00:31:05,880
Speaker 1: Yeah?

581
00:31:06,000 --> 00:31:10,560
Speaker 2: Seriously, are you kidding me? Like, I'm not allowed to

582
00:31:10,560 --> 00:31:13,400
Speaker 2: say bad things about giebra hofstat I'm like, what, why not?

583
00:31:14,160 --> 00:31:17,160
Speaker 2: He's completely odious. There's nothing, there's not a thing about

584
00:31:17,160 --> 00:31:20,600
Speaker 2: that human being that is in any way mannership before redeemable.

585
00:31:20,640 --> 00:31:22,000
Speaker 2: And yet I'm supposed to sit here and defer to

586
00:31:22,080 --> 00:31:23,080
Speaker 2: him because he's a public figure.

587
00:31:23,120 --> 00:31:25,120
Speaker 1: What do you what do you kidd eat heat from

588
00:31:25,440 --> 00:31:26,120
Speaker 1: the Netherlands.

589
00:31:26,800 --> 00:31:28,760
Speaker 2: Yeah, the Netherlands, that guy with the bad teeth and

590
00:31:28,800 --> 00:31:30,480
Speaker 2: the you know this Hord.

591
00:31:30,560 --> 00:31:32,560
Speaker 1: I want to I want to literally like the like.

592
00:31:32,560 --> 00:31:38,120
Speaker 2: The like like the perfect example of the odious eurocrat. Yeah,

593
00:31:38,520 --> 00:31:40,959
Speaker 2: like he's like he's like like my pinnacle. I gotta like,

594
00:31:41,080 --> 00:31:42,080
Speaker 2: I gotta get Ai to.

595
00:31:42,040 --> 00:31:44,480
Speaker 1: Give me some like Godzilla means I want to come

596
00:31:44,520 --> 00:31:47,160
Speaker 1: back to the Europe and the EU. But just so so,

597
00:31:47,240 --> 00:31:51,000
Speaker 1: you're saying that the Supreme Court finally felt safe enough

598
00:31:51,040 --> 00:31:54,240
Speaker 1: to do this and sort of in the fog of war. Uh,

599
00:31:54,320 --> 00:31:58,200
Speaker 1: sort of at a time when the the Democrat Party

600
00:31:58,240 --> 00:32:02,320
Speaker 1: which has been openly attacking them, threatening them even right

601
00:32:02,320 --> 00:32:04,720
Speaker 1: we saw with an overturn of Roe v. Wade, I

602
00:32:04,720 --> 00:32:07,680
Speaker 1: mean actual physical threats and so forth. So at a

603
00:32:07,680 --> 00:32:10,520
Speaker 1: time when now there's all this dysfunction in fighting, they

604
00:32:10,520 --> 00:32:13,480
Speaker 1: figured now is a safe time because they're too preoccupied

605
00:32:13,480 --> 00:32:14,520
Speaker 1: with themselves. Is that what you're saying.

606
00:32:15,480 --> 00:32:18,120
Speaker 2: No, Actually, when I again get lost in all the

607
00:32:18,160 --> 00:32:20,200
Speaker 2: details and you know, wanting to like stand out my

608
00:32:20,200 --> 00:32:23,880
Speaker 2: soapbox and complain about your bloodless eurocrats. No, the point

609
00:32:23,920 --> 00:32:26,960
Speaker 2: being is that if you believe my argument that the

610
00:32:27,000 --> 00:32:31,640
Speaker 2: FED and our banking system is not down with the

611
00:32:31,720 --> 00:32:35,760
Speaker 2: common turn, then they have finally gotten the things together.

612
00:32:36,040 --> 00:32:37,520
Speaker 2: They've got all their ducks in a row, and they

613
00:32:37,560 --> 00:32:39,760
Speaker 2: finally tapped the scotus on the back of the shoulders

614
00:32:39,840 --> 00:32:42,880
Speaker 2: to John Roberts, don't worry, we have your back. Take

615
00:32:42,880 --> 00:32:47,960
Speaker 2: these people the fuck out. And what happened yesterday The

616
00:32:48,000 --> 00:32:53,040
Speaker 2: State of Florida unleashes all of the Epstein. Yeah, the

617
00:32:53,080 --> 00:32:55,720
Speaker 2: documents that have been sealed for sixteen years. Like, if

618
00:32:55,720 --> 00:32:59,760
Speaker 2: this isn't all a major shot across every bow there is,

619
00:32:59,840 --> 00:33:02,560
Speaker 2: I don't know what else to tell you. I mean, Mark,

620
00:33:02,680 --> 00:33:05,440
Speaker 2: like you, I call peak Davos. Back in twenty twenty one,

621
00:33:05,600 --> 00:33:08,000
Speaker 2: when they tried rolling out Omicron and it failed like

622
00:33:08,040 --> 00:33:10,480
Speaker 2: a went over like a led Zeppelin, I'm like, this

623
00:33:10,520 --> 00:33:12,680
Speaker 2: is over. Yeah, this is only going to get worse

624
00:33:12,680 --> 00:33:15,160
Speaker 2: for them for them from here because they don't because

625
00:33:15,160 --> 00:33:19,000
Speaker 2: they've lost the illusion of that. Everybody's broken the illusion

626
00:33:19,320 --> 00:33:21,560
Speaker 2: and it's collapsed and everybody's like, Okay, I'm just over

627
00:33:21,560 --> 00:33:22,880
Speaker 2: this shit and now I want to get back to work.

628
00:33:23,520 --> 00:33:27,520
Speaker 2: And you know, it was just a matter of watching

629
00:33:27,600 --> 00:33:31,320
Speaker 2: whether or not Powell could continue to drain them of

630
00:33:31,360 --> 00:33:35,320
Speaker 2: their vitality. I either euro dollars that they levered up

631
00:33:35,320 --> 00:33:38,240
Speaker 2: a zero percent for fifteen years, and then they watch

632
00:33:38,320 --> 00:33:40,800
Speaker 2: Jenny Yellen running yield curve control and all this other stuff,

633
00:33:40,840 --> 00:33:42,800
Speaker 2: and it's just all what I've seen for the last

634
00:33:42,840 --> 00:33:45,960
Speaker 2: three years is nothing but reregard actions from them. Yeah,

635
00:33:46,000 --> 00:33:50,400
Speaker 2: and their pivot is war in Ukraine, and war in Taiwan.

636
00:33:50,080 --> 00:33:52,880
Speaker 1: And war everywhere China, and war and war work were

637
00:33:52,920 --> 00:33:57,200
Speaker 1: everywhere one of the only ways out of the situation

638
00:33:57,280 --> 00:34:00,600
Speaker 1: that we're in, moving more towards the macroeconomic lens. Now

639
00:34:01,160 --> 00:34:03,200
Speaker 1: you talk about the FED sort of weaponizing against the

640
00:34:04,240 --> 00:34:06,800
Speaker 1: euro system, if you will, the banking system, And just

641
00:34:06,880 --> 00:34:08,800
Speaker 1: for everybody listening, if you want to know more about

642
00:34:08,840 --> 00:34:10,160
Speaker 1: that whole thing, go back and listen to some of

643
00:34:10,200 --> 00:34:12,160
Speaker 1: our previous interviews. I'm going to link them in the

644
00:34:12,200 --> 00:34:14,240
Speaker 1: in the show notes down below because they're still relevant

645
00:34:14,280 --> 00:34:16,680
Speaker 1: if you want to kind of understand this from a

646
00:34:16,680 --> 00:34:21,240
Speaker 1: better level. But let's just say that in this situation

647
00:34:21,280 --> 00:34:23,240
Speaker 1: that we're in right now, with super high debt to GDP,

648
00:34:24,640 --> 00:34:30,520
Speaker 1: unsustainable debt, fiscal spending is now dominating, you know, whatever,

649
00:34:30,520 --> 00:34:32,759
Speaker 1: the FED and central banks can do, and we're sort

650
00:34:32,800 --> 00:34:35,839
Speaker 1: of the rock and hard place have continued to get

651
00:34:35,840 --> 00:34:38,439
Speaker 1: closer and closer and closer. Maybe the only real way

652
00:34:38,520 --> 00:34:43,200
Speaker 1: out of this is, I mean, super high inflation. Right,

653
00:34:43,280 --> 00:34:46,280
Speaker 1: if we can have enough inflation to push the growth

654
00:34:46,440 --> 00:34:49,040
Speaker 1: level up. So this is what I'm thinking.

655
00:34:49,080 --> 00:34:49,719
Speaker 2: So maybe we have.

656
00:34:51,200 --> 00:34:54,919
Speaker 1: Maybe we have high double digit inflation for three four years.

657
00:34:55,000 --> 00:34:58,399
Speaker 1: We pushed the GDP the productive side up a little bit,

658
00:34:58,440 --> 00:35:01,080
Speaker 1: bring the debt to GDP balance back down a little bit.

659
00:35:01,800 --> 00:35:04,359
Speaker 1: We have Biden talking about and now you know, the

660
00:35:04,400 --> 00:35:07,000
Speaker 1: news media has been saying that if if President Trump

661
00:35:07,080 --> 00:35:10,160
Speaker 1: comes back, we're gonna have this inflation bomb. And knowing

662
00:35:10,160 --> 00:35:12,840
Speaker 1: that we need the inflation bomb, could Trump be the

663
00:35:12,920 --> 00:35:16,800
Speaker 1: scapegoat that it would be put in place? They already

664
00:35:16,840 --> 00:35:18,640
Speaker 1: told us there's going to be an inflation bomb, then

665
00:35:18,680 --> 00:35:21,960
Speaker 1: they unleashed the inflation bomb to bring back balance in there.

666
00:35:22,000 --> 00:35:23,160
Speaker 1: Could that be something.

667
00:35:24,480 --> 00:35:27,560
Speaker 2: I'm gonna I'm going to push back on that. Yeah,

668
00:35:27,719 --> 00:35:29,680
Speaker 2: I think that we're going to continue to have inflation.

669
00:35:30,560 --> 00:35:32,520
Speaker 2: There was a summit this morning at hosted by the

670
00:35:32,520 --> 00:35:35,799
Speaker 2: ECB between Jerome Powell, the head of the Brazilian Central

671
00:35:35,840 --> 00:35:38,120
Speaker 2: banker's name, I don't you can't remember, and I probably

672
00:35:38,160 --> 00:35:40,160
Speaker 2: couldn't pronounce it even if I did remember. And Christina

673
00:35:40,200 --> 00:35:45,440
Speaker 2: Lagard and Powell and his remarks had like Powell like

674
00:35:45,480 --> 00:35:48,120
Speaker 2: he did with the Guard at the green Sea Summit

675
00:35:48,160 --> 00:35:52,040
Speaker 2: back in early June before he you know, used the

676
00:35:52,040 --> 00:35:54,360
Speaker 2: five basis points to change the world when you pushed

677
00:35:54,400 --> 00:35:56,919
Speaker 2: the RP rate, the reverse rebuild rate five basis points

678
00:35:56,920 --> 00:35:59,200
Speaker 2: about the Fed funds rate. Two weeks before that he

679
00:35:59,280 --> 00:36:03,880
Speaker 2: did that. He told everybody at the green Sea Summit. Look,

680
00:36:04,719 --> 00:36:06,080
Speaker 2: I'm the head of the Federal Reserve. I have a

681
00:36:06,120 --> 00:36:09,680
Speaker 2: dual mandate for stable prices and full employment. Climate change

682
00:36:09,719 --> 00:36:13,480
Speaker 2: is not my thing. And Leguard lost her mind and

683
00:36:13,640 --> 00:36:15,520
Speaker 2: was angry, Well, I got news for you this morning.

684
00:36:17,760 --> 00:36:19,959
Speaker 2: My people all got a chance to watch this today.

685
00:36:19,960 --> 00:36:21,839
Speaker 2: I didn't. I was actually busy doing other things and

686
00:36:21,920 --> 00:36:25,440
Speaker 2: all of my patrons were just watching this on CNBC

687
00:36:25,640 --> 00:36:29,000
Speaker 2: and cackling as Powell just said, we don't see inflation

688
00:36:29,080 --> 00:36:32,840
Speaker 2: coming down to blow two percent for until the end

689
00:36:32,880 --> 00:36:37,120
Speaker 2: of twenty twenty six, which is which is a way

690
00:36:37,120 --> 00:36:40,080
Speaker 2: of saying dog whistling. Oh, by the way, fuck, there

691
00:36:40,080 --> 00:36:43,640
Speaker 2: are no rate cuts coming, okay, If anything, there are

692
00:36:43,719 --> 00:36:45,759
Speaker 2: rate hikes coming now.

693
00:36:46,480 --> 00:36:48,560
Speaker 1: I believe the power took it from the now fron angle.

694
00:36:48,600 --> 00:36:51,759
Speaker 2: But go ahead, but oh no, no, absolutely, I know,

695
00:36:51,840 --> 00:36:54,160
Speaker 2: I know the inflation neists want to believe that Powell's

696
00:36:54,239 --> 00:36:55,759
Speaker 2: like trying to wiggle his way out of it. No,

697
00:36:56,040 --> 00:36:58,560
Speaker 2: that was a clear signal we are not going to

698
00:36:58,600 --> 00:37:01,279
Speaker 2: cut interest rates because is no need for us to

699
00:37:01,360 --> 00:37:04,560
Speaker 2: do so. And moreover, he talked about the labor market.

700
00:37:04,560 --> 00:37:07,839
Speaker 2: He said, the labor market is is yeah, it's not good,

701
00:37:07,880 --> 00:37:11,560
Speaker 2: but it's not terrible. And he's like, we're going to

702
00:37:11,600 --> 00:37:16,000
Speaker 2: go through the pain that's necessary. And Leguard was absolutely

703
00:37:17,600 --> 00:37:21,080
Speaker 2: bonkers man. And then when she was asked a whole

704
00:37:21,080 --> 00:37:25,239
Speaker 2: lot of hard questions that she couldn't answer because and

705
00:37:25,320 --> 00:37:27,960
Speaker 2: then Gulesby came out, the Austin Goulsby came out and

706
00:37:28,000 --> 00:37:30,080
Speaker 2: said say, after, well, you know, if we if we

707
00:37:30,160 --> 00:37:34,080
Speaker 2: measured inflation the way the Eurozone does, yeah, we'd be

708
00:37:34,080 --> 00:37:37,359
Speaker 2: at two percent. But we don't. And it's already understated

709
00:37:37,960 --> 00:37:42,040
Speaker 2: an effect. Another way, when when you listen to fed head,

710
00:37:42,080 --> 00:37:44,360
Speaker 2: when you listen to FED people talk, you have to

711
00:37:44,440 --> 00:37:47,440
Speaker 2: understand the bias and the speak. They're never going to

712
00:37:47,480 --> 00:37:49,560
Speaker 2: tell you the truth. Is like any politician it's like

713
00:37:49,600 --> 00:37:53,120
Speaker 2: any hockey general manager. They always talk in you know,

714
00:37:53,880 --> 00:37:56,000
Speaker 2: in platitudes, and you have to understand how to read

715
00:37:56,040 --> 00:37:59,280
Speaker 2: what they say. It's like reading diplomatic cables, which again

716
00:37:59,320 --> 00:38:02,040
Speaker 2: my friend friend Alexander Mercuriz is far better at than

717
00:38:02,080 --> 00:38:08,120
Speaker 2: i am. And that was a clear signal to everybody

718
00:38:08,160 --> 00:38:11,399
Speaker 2: that Penwell's not changed in course unless he absolutely has

719
00:38:11,440 --> 00:38:13,160
Speaker 2: to be. And there's something that breaks within the US

720
00:38:13,160 --> 00:38:17,120
Speaker 2: financial system, and we are not showing any signs whatsoever

721
00:38:17,160 --> 00:38:21,120
Speaker 2: of that happening. What we're seeing is continued movement by

722
00:38:21,239 --> 00:38:25,319
Speaker 2: Janney Allen to attempt to do yield curve control through

723
00:38:25,360 --> 00:38:28,239
Speaker 2: the treasury departments. She just did a POMO thing this

724
00:38:28,360 --> 00:38:33,080
Speaker 2: afternoon and bought back a bunch of treasuries maturing in

725
00:38:33,120 --> 00:38:35,480
Speaker 2: twenty thirty six. So what she's doing, she's buying the

726
00:38:35,520 --> 00:38:37,879
Speaker 2: long end of the curve and she's selling the short

727
00:38:37,960 --> 00:38:40,399
Speaker 2: end of the curve. That's her yield curve control. She's

728
00:38:40,440 --> 00:38:43,440
Speaker 2: been selling tos and buy and tens, or biasing the

729
00:38:43,440 --> 00:38:45,960
Speaker 2: market in terms of buying and selling twos and tens

730
00:38:46,280 --> 00:38:48,959
Speaker 2: for two years now in order to keep the long

731
00:38:49,160 --> 00:38:51,839
Speaker 2: end of the European yield curve from blowing out. Where

732
00:38:51,840 --> 00:38:55,360
Speaker 2: it belongs, because Leguard needs the German ten year to

733
00:38:55,400 --> 00:38:58,240
Speaker 2: stay around one point six to one point eight percent

734
00:38:58,360 --> 00:39:01,200
Speaker 2: below that of the US tenure. So if we start

735
00:39:01,200 --> 00:39:04,000
Speaker 2: getting a bear steepener trade in the uscield curve, Reguard

736
00:39:04,200 --> 00:39:09,480
Speaker 2: is absolutely screwed in every way, matner, shape and form,

737
00:39:09,520 --> 00:39:11,840
Speaker 2: because at the same time, that's going to put downward

738
00:39:11,880 --> 00:39:14,320
Speaker 2: pressure on the euro, which is then going to feedback

739
00:39:14,320 --> 00:39:17,160
Speaker 2: into oil prices and they're gonna have inflation come back

740
00:39:17,239 --> 00:39:19,600
Speaker 2: like you would not believe in Europe, and she's going

741
00:39:19,680 --> 00:39:23,120
Speaker 2: to look like a complete and utter idiot, which she is.

742
00:39:24,040 --> 00:39:26,799
Speaker 2: She is a political animal. She's not an economist. She

743
00:39:26,920 --> 00:39:29,920
Speaker 2: was placed in power in order to affect a particular

744
00:39:30,000 --> 00:39:33,799
Speaker 2: policy because she's ruthless and she's good at it. But

745
00:39:34,880 --> 00:39:39,320
Speaker 2: she's also a moron when it comes to she's gonna

746
00:39:39,320 --> 00:39:42,800
Speaker 2: fight like the world's bond traders. I mean, I already

747
00:39:42,840 --> 00:39:45,040
Speaker 2: know that the central banks are like, try to move

748
00:39:45,160 --> 00:39:47,319
Speaker 2: all the markets all the time. Fine, but at some

749
00:39:47,400 --> 00:39:50,680
Speaker 2: point markets are stronger than that. And what I think

750
00:39:50,880 --> 00:39:54,040
Speaker 2: is the following To go back to your point about inflation,

751
00:39:54,320 --> 00:39:56,720
Speaker 2: I'm not saying we're not going to continue to have inflation.

752
00:39:57,040 --> 00:39:59,120
Speaker 2: We are as a matter of fact, inflations, we're gonna

753
00:39:59,120 --> 00:40:00,920
Speaker 2: have another round of it. It's going to show up

754
00:40:00,920 --> 00:40:03,480
Speaker 2: in energy prices and then move forward. Why because the

755
00:40:03,480 --> 00:40:05,759
Speaker 2: Biden administration is run out of oil to sell out

756
00:40:05,800 --> 00:40:11,520
Speaker 2: of the SBR, to manipulate oil prices. I did a

757
00:40:11,520 --> 00:40:15,000
Speaker 2: podcast with a young man named Ben Kelleran recently and

758
00:40:15,040 --> 00:40:18,040
Speaker 2: we went over the state of the oil industry, and

759
00:40:18,080 --> 00:40:21,960
Speaker 2: he brought up to me the importance of the fact

760
00:40:21,960 --> 00:40:25,120
Speaker 2: that the United States has changed the definition of what

761
00:40:25,360 --> 00:40:28,040
Speaker 2: constitutes a barrel of oil in terms of oil weekly

762
00:40:28,080 --> 00:40:31,439
Speaker 2: oil production statistics, meaning they're more biased now towards natural

763
00:40:31,440 --> 00:40:34,279
Speaker 2: gas and natural gas liquids than actual crude oil. So

764
00:40:34,320 --> 00:40:37,200
Speaker 2: the United States is still nominally producing thirteen million barrels

765
00:40:37,200 --> 00:40:39,799
Speaker 2: of oil a day, but a lot lower proportion of

766
00:40:39,800 --> 00:40:44,600
Speaker 2: that is actual crude oil. Okay, So that's biasing the mind.

767
00:40:44,640 --> 00:40:48,760
Speaker 2: That's again management and perspective economics to bias Brent crude

768
00:40:48,760 --> 00:40:53,200
Speaker 2: traders and WTI crew traders. Now Brent is sitting here,

769
00:40:53,360 --> 00:40:56,399
Speaker 2: opens up Q three and immediately pushes towards eighty seven

770
00:40:56,440 --> 00:40:58,840
Speaker 2: dollars a barrel, while the euro is struggling to maintain

771
00:40:58,920 --> 00:41:01,840
Speaker 2: one of seven. All of these things together point to

772
00:41:01,880 --> 00:41:04,759
Speaker 2: the exact same problem. You have that and you have

773
00:41:05,120 --> 00:41:08,279
Speaker 2: political unrest in Europe. You have the Brits going to

774
00:41:08,280 --> 00:41:10,920
Speaker 2: the polls tomorrow, You've already got the French going in

775
00:41:10,960 --> 00:41:15,480
Speaker 2: the midst of an election. Like the fiction that German

776
00:41:15,560 --> 00:41:22,520
Speaker 2: buns are less risky than American treasuries is ludicrous. It's

777
00:41:23,160 --> 00:41:25,319
Speaker 2: bald face the ludicrous on the face of it. And

778
00:41:25,360 --> 00:41:28,360
Speaker 2: the only reason it's we still accept it is because

779
00:41:29,520 --> 00:41:33,200
Speaker 2: everybody other than Powell, and to a lesser extent, the

780
00:41:33,200 --> 00:41:37,520
Speaker 2: Bank of Japan have been lining up to prop up

781
00:41:37,640 --> 00:41:41,719
Speaker 2: this failing system known as the Euro and maybe they're

782
00:41:41,760 --> 00:41:43,759
Speaker 2: doing it for their own reasons. Maybe that's why the

783
00:41:43,840 --> 00:41:46,759
Speaker 2: ricks Bank, you know, and Sweden cut interest rates. I

784
00:41:46,840 --> 00:41:48,960
Speaker 2: know why the Swiss National Bank cut interest rates because

785
00:41:49,000 --> 00:41:51,880
Speaker 2: the Germans, because the bundes Bank told them to. Okay,

786
00:41:52,360 --> 00:41:55,640
Speaker 2: but when you when you see it this way, you

787
00:41:55,680 --> 00:41:59,319
Speaker 2: can't unsee it. And I think the way out of

788
00:41:59,360 --> 00:42:01,840
Speaker 2: this in the lad long run is a Trump restoration,

789
00:42:03,160 --> 00:42:05,200
Speaker 2: and that's again soil coin flip is the whether he

790
00:42:05,239 --> 00:42:11,600
Speaker 2: makes it to January twentieth or whatever, and a reworking

791
00:42:11,600 --> 00:42:14,480
Speaker 2: at the Federal Reserve Board or the Treasury end or

792
00:42:14,520 --> 00:42:20,000
Speaker 2: the Treasury Department such that gold gets remonetized, and that's

793
00:42:20,040 --> 00:42:23,040
Speaker 2: what's coming. What's gonna come is we are going to

794
00:42:23,160 --> 00:42:26,200
Speaker 2: use the gold reserves as a means by which to

795
00:42:26,200 --> 00:42:30,560
Speaker 2: bring the debt to GDP ratio down nominally. I want

796
00:42:30,560 --> 00:42:34,440
Speaker 2: to remind everybody one hundred and six percent, that's nice, pikers,

797
00:42:34,440 --> 00:42:37,719
Speaker 2: compared to what we did during World War Two. We

798
00:42:37,760 --> 00:42:39,440
Speaker 2: walked out of World War two with a two hundred

799
00:42:39,440 --> 00:42:42,440
Speaker 2: and twenty percent debt to GDP ratio and Institute of

800
00:42:42,440 --> 00:42:43,520
Speaker 2: Bretton Woods.

801
00:42:44,280 --> 00:42:47,440
Speaker 1: We were also on a equity based monetary system and

802
00:42:47,440 --> 00:42:49,239
Speaker 1: on a debt based monetary system.

803
00:42:50,080 --> 00:42:54,120
Speaker 2: Well kind of we were again exactly, we were on

804
00:42:54,160 --> 00:42:56,960
Speaker 2: a gold based monetary system where gold was trading around

805
00:42:56,960 --> 00:42:59,200
Speaker 2: the world at thirty five hours an hours, which was

806
00:42:59,239 --> 00:43:06,200
Speaker 2: a completely lot. So what happened over priced dollars relative

807
00:43:06,239 --> 00:43:10,040
Speaker 2: to everybody else went out into the world to rebuild

808
00:43:10,040 --> 00:43:11,840
Speaker 2: the world after World War two, which is actually what

809
00:43:11,920 --> 00:43:14,880
Speaker 2: built the American Empire. It's what killed our trade deficit

810
00:43:14,920 --> 00:43:17,440
Speaker 2: with Europe, killed our trade surplus with Europe. It caused

811
00:43:17,440 --> 00:43:20,399
Speaker 2: the gold window to be closed in nineteen seventy one.

812
00:43:21,160 --> 00:43:25,719
Speaker 2: It was brilliant. It was an actually brilliant long term

813
00:43:25,719 --> 00:43:29,240
Speaker 2: play by the European globalist to suck all the capitol

814
00:43:29,280 --> 00:43:31,920
Speaker 2: back out of the United States back into Europe. And

815
00:43:32,080 --> 00:43:33,920
Speaker 2: it's worked perfectly. And they thought they were going to

816
00:43:33,920 --> 00:43:35,920
Speaker 2: be able to then keep control of that all reserve

817
00:43:36,600 --> 00:43:39,360
Speaker 2: and keep live or in place, and keep pricing dollars

818
00:43:39,560 --> 00:43:41,719
Speaker 2: to their advantage as opposed to ours, and eventually take

819
00:43:41,800 --> 00:43:46,640
Speaker 2: us over. And we said no, and that's where we are.

820
00:43:47,040 --> 00:43:49,200
Speaker 2: And then you know, now it's just a matter of

821
00:43:49,200 --> 00:43:51,799
Speaker 2: fighting as to who's going to win. Because if we

822
00:43:51,880 --> 00:43:53,919
Speaker 2: don't do this, Mark, and this is the last point,

823
00:43:53,960 --> 00:43:56,360
Speaker 2: and I'll turn the microphone back over. If we don't

824
00:43:56,400 --> 00:43:58,960
Speaker 2: do this, the bricks are going to do it anyway,

825
00:43:59,000 --> 00:44:01,120
Speaker 2: and then we're screwed. And then we're going to be

826
00:44:01,200 --> 00:44:03,480
Speaker 2: forced to do it. So we can either lay the

827
00:44:03,480 --> 00:44:06,239
Speaker 2: ground foundation for it today, getting rid of Chevron, getting

828
00:44:06,320 --> 00:44:08,879
Speaker 2: rid of the SEC's ability to getting rid of all

829
00:44:08,880 --> 00:44:12,520
Speaker 2: of this stuff, and then going to Judy Shelton's gold

830
00:44:12,640 --> 00:44:16,920
Speaker 2: back treasury bonds or gold back tips, basically her plan,

831
00:44:17,160 --> 00:44:19,520
Speaker 2: which is what Trump wanted to do back in twenty seventeen.

832
00:44:19,600 --> 00:44:23,640
Speaker 2: I got blocked by Kamala Harris and John McCain who

833
00:44:23,719 --> 00:44:27,160
Speaker 2: high fived on the Senate for to block her nomination

834
00:44:27,760 --> 00:44:32,640
Speaker 2: to the Federal Reserve Board. If we I've talked about

835
00:44:32,680 --> 00:44:37,480
Speaker 2: this many many times, If we if that's what's in process,

836
00:44:37,520 --> 00:44:41,120
Speaker 2: it's out there. Shelton's already talking about this like no, no, no,

837
00:44:41,400 --> 00:44:43,920
Speaker 2: not twenty twenty four, twenty twenty six, We're going to

838
00:44:44,000 --> 00:44:49,000
Speaker 2: do this. Like the evidence, the circumstantial evidence is all

839
00:44:49,040 --> 00:44:51,359
Speaker 2: there that this is all going to get done, because

840
00:44:51,400 --> 00:44:54,239
Speaker 2: if we don't do it, when Mbridge gets turned on

841
00:44:54,440 --> 00:44:57,040
Speaker 2: and the bricks and the bricks institute, the unit and

842
00:44:57,080 --> 00:44:59,719
Speaker 2: all this other stuff, once that happened, they're not going

843
00:44:59,800 --> 00:45:02,920
Speaker 2: to be able to hold the gold price down. The

844
00:45:02,920 --> 00:45:04,759
Speaker 2: gold price is going to go to seven eight nine

845
00:45:04,760 --> 00:45:07,040
Speaker 2: thousand dollars an ounce over the course of the next decade,

846
00:45:07,440 --> 00:45:11,160
Speaker 2: and that is going to change our relationship of the

847
00:45:11,160 --> 00:45:13,439
Speaker 2: size of the Fed's balance sheet relative to its hard

848
00:45:13,480 --> 00:45:18,200
Speaker 2: asset pool. And I firmly believe that we'll wind up

849
00:45:18,239 --> 00:45:21,560
Speaker 2: in some kind of negotiated settlement and the world breaking

850
00:45:21,600 --> 00:45:25,880
Speaker 2: off into blocks and domestic versus international versions of the

851
00:45:25,920 --> 00:45:28,400
Speaker 2: currencies similar to the yu won everybody's going to go

852
00:45:28,440 --> 00:45:30,000
Speaker 2: to the yuan model. By the time this is over,

853
00:45:30,040 --> 00:45:32,000
Speaker 2: by the way, and then the Europeans are the ones

854
00:45:32,040 --> 00:45:34,520
Speaker 2: who are desperately trying to stop this from happening because

855
00:45:34,520 --> 00:45:38,080
Speaker 2: they understand the having the forcing the world in an

856
00:45:38,080 --> 00:45:43,759
Speaker 2: open capital account with them controlling the primary central bank

857
00:45:43,760 --> 00:45:49,440
Speaker 2: that issues the reserve currency is their superpower. They ran

858
00:45:49,480 --> 00:45:52,040
Speaker 2: it with the Brits, they ran it with us, and

859
00:45:52,080 --> 00:45:55,360
Speaker 2: they want to run it with Europe through the IMF

860
00:45:55,480 --> 00:45:59,200
Speaker 2: and the UN and it's not going to happen. The

861
00:45:59,200 --> 00:46:02,080
Speaker 2: bricks have already walked away from this in the United States,

862
00:46:02,120 --> 00:46:04,560
Speaker 2: and there's there are powerful forces when the United States

863
00:46:04,600 --> 00:46:07,160
Speaker 2: are setting things up to walk away from this as well,

864
00:46:07,280 --> 00:46:09,040
Speaker 2: and all that has to happen that we get political

865
00:46:09,040 --> 00:46:11,080
Speaker 2: control over the United States and we stay out of

866
00:46:11,080 --> 00:46:12,000
Speaker 2: World War three.

867
00:46:12,360 --> 00:46:15,239
Speaker 1: That's interesting that you throw that out there, and I

868
00:46:15,600 --> 00:46:18,080
Speaker 1: want to have you walk us through mechanically how that

869
00:46:18,120 --> 00:46:19,720
Speaker 1: would work. But just to kind of set the stage

870
00:46:19,719 --> 00:46:22,680
Speaker 1: for this, you've mentioned that we're either going to do

871
00:46:22,719 --> 00:46:24,960
Speaker 1: it first or we're going to do it later, and

872
00:46:25,040 --> 00:46:27,040
Speaker 1: so kind of set the stage for this. I've been

873
00:46:27,040 --> 00:46:30,080
Speaker 1: following Luke Grammin's work for a long time and he

874
00:46:30,160 --> 00:46:34,239
Speaker 1: talks about this quite often and and basically what we're

875
00:46:34,239 --> 00:46:38,480
Speaker 1: seeing is this is already happening through and especially the

876
00:46:38,480 --> 00:46:40,840
Speaker 1: big news about Saudi Arabia and whatever, the end of

877
00:46:40,880 --> 00:46:43,480
Speaker 1: the petro dollar, whatever it is that they're doing, certainly

878
00:46:43,520 --> 00:46:46,880
Speaker 1: moving to this m bridge product, this the CBDC bridge,

879
00:46:46,880 --> 00:46:50,720
Speaker 1: if you will, which circumvents the entire you know, dollar,

880
00:46:50,800 --> 00:46:53,839
Speaker 1: swift system, the correspondent banking system, all these things. Why

881
00:46:54,080 --> 00:46:56,680
Speaker 1: people say the dollar can't be replaced, Well, it can't

882
00:46:56,680 --> 00:46:59,239
Speaker 1: be replaced easily because of the corresponded banks and the

883
00:46:59,280 --> 00:47:01,560
Speaker 1: swift system. But we could just build a new system

884
00:47:01,760 --> 00:47:03,400
Speaker 1: that doesn't require that, and that's sort of what this

885
00:47:03,520 --> 00:47:06,640
Speaker 1: m bridge is. But what China's doing is then allowing

886
00:47:06,719 --> 00:47:10,239
Speaker 1: sey Saudi Araba to trade in yuan and then recycle

887
00:47:10,320 --> 00:47:14,240
Speaker 1: those surpluses into gold through their gold markets, and that's

888
00:47:14,280 --> 00:47:16,760
Speaker 1: what's pushing the gold price up in the Shanghai markets,

889
00:47:16,800 --> 00:47:17,240
Speaker 1: et cetera.

890
00:47:17,640 --> 00:47:21,040
Speaker 2: Right, there's a lot, there's a lot to unpack. And

891
00:47:21,600 --> 00:47:25,040
Speaker 2: for those who have not followed the stuff that we've got,

892
00:47:25,160 --> 00:47:27,279
Speaker 2: Vince Launchi and I have done. Vince and I over

893
00:47:27,320 --> 00:47:31,000
Speaker 2: at vbl's Goaldfix have done a series of podcasts on

894
00:47:31,040 --> 00:47:33,880
Speaker 2: my podcast going over a lot of these things. So

895
00:47:33,960 --> 00:47:37,760
Speaker 2: I've got hours of content trying to explain this stuff

896
00:47:37,760 --> 00:47:39,480
Speaker 2: in mechanical terms, and we're not going to be able

897
00:47:39,520 --> 00:47:40,799
Speaker 2: to get unpack that all here.

898
00:47:40,960 --> 00:47:43,400
Speaker 1: I'm just yeah, let's just talk more mechanically as to

899
00:47:43,640 --> 00:47:45,600
Speaker 1: what the US would what it would look like for

900
00:47:45,640 --> 00:47:48,880
Speaker 1: the US to actually remonetize gold. What would that look like?

901
00:47:49,160 --> 00:47:52,480
Speaker 2: Right, Well, it would look like the way I just

902
00:47:52,520 --> 00:47:56,040
Speaker 2: described it, which is that Shelton would Shelton's our argument

903
00:47:56,120 --> 00:48:02,200
Speaker 2: is that, look, we can offer a we can offer

904
00:48:02,239 --> 00:48:05,000
Speaker 2: a treasury bond redeemable and a certain percentage of gold

905
00:48:05,080 --> 00:48:07,320
Speaker 2: or completely in gold. And it could be a thirty

906
00:48:07,400 --> 00:48:09,360
Speaker 2: or fifty year tips. It doesn't have to be a

907
00:48:09,400 --> 00:48:11,400
Speaker 2: you know, a five or two that would be insane,

908
00:48:11,600 --> 00:48:15,280
Speaker 2: that would bankrupt the country. But you offer a long

909
00:48:15,400 --> 00:48:19,800
Speaker 2: dated treasury redeemable in treasury gold, either a five percent

910
00:48:19,880 --> 00:48:21,600
Speaker 2: or ten percent or one hundred percent or whatever. I

911
00:48:21,600 --> 00:48:23,320
Speaker 2: don't know what the what the market is going to

912
00:48:23,360 --> 00:48:25,839
Speaker 2: demand of us, Okay, I don't. I don't care about that.

913
00:48:26,000 --> 00:48:29,320
Speaker 2: I just know that if you offer a two percent

914
00:48:29,440 --> 00:48:33,120
Speaker 2: nomenal coupon, or even in Shelton's argument, you don't even

915
00:48:33,160 --> 00:48:35,480
Speaker 2: offer a coupon. You just say, look, we're gonna give

916
00:48:35,480 --> 00:48:37,920
Speaker 2: you we're gonna give you gold. We're going to it's

917
00:48:37,960 --> 00:48:39,640
Speaker 2: a promise to pay you gold. I don't think that

918
00:48:39,719 --> 00:48:41,200
Speaker 2: would fly with the market. I think you've got to

919
00:48:41,200 --> 00:48:44,040
Speaker 2: offer at least a dollar base, a small dollar based

920
00:48:44,040 --> 00:48:47,440
Speaker 2: coupon payment to give people the cash flow that that

921
00:48:47,600 --> 00:48:52,839
Speaker 2: BONDMST investors would want. And then you know, some kind

922
00:48:52,840 --> 00:48:54,600
Speaker 2: of gold cover clause at the at the at the

923
00:48:54,640 --> 00:48:57,000
Speaker 2: back end, so that when you redeem the bond you

924
00:48:57,040 --> 00:48:59,000
Speaker 2: can take you know, you give the government ten thousand

925
00:48:59,040 --> 00:49:01,719
Speaker 2: dollars and and say ten percent of it is convertible

926
00:49:01,760 --> 00:49:05,440
Speaker 2: in the gold at the at maturation. Okay, great. That

927
00:49:05,480 --> 00:49:07,279
Speaker 2: means you're gonna get nine thousand dollars back on one

928
00:49:07,280 --> 00:49:12,000
Speaker 2: thousand dollars worth of goal. But at the same time,

929
00:49:12,080 --> 00:49:13,879
Speaker 2: the price of gold will have risen. You're gonna when

930
00:49:13,880 --> 00:49:15,880
Speaker 2: you execute the contract, you're gonna get x amount of

931
00:49:15,920 --> 00:49:18,960
Speaker 2: gold back at current prices. You're gonna get that at

932
00:49:19,000 --> 00:49:20,960
Speaker 2: the at the end. So if one thousand dollars of

933
00:49:21,000 --> 00:49:24,719
Speaker 2: gold is roughly say point four ounces, right, then you're

934
00:49:24,719 --> 00:49:26,759
Speaker 2: gonna get nine grand back plus point four ounces of

935
00:49:26,760 --> 00:49:28,919
Speaker 2: gold regardless of what the gold price is. The gold

936
00:49:28,920 --> 00:49:32,160
Speaker 2: price could be twenty thousand dollars an ounce at that point, right,

937
00:49:32,239 --> 00:49:35,520
Speaker 2: and so that adds to your effective bond heield. You

938
00:49:35,560 --> 00:49:37,319
Speaker 2: get say a one or two percent, Say you get

939
00:49:37,320 --> 00:49:40,120
Speaker 2: a two percent coupon rate in dollars payable and ten

940
00:49:40,120 --> 00:49:45,200
Speaker 2: percent gold after thirty years, you know, in actual gold today.

941
00:49:45,600 --> 00:49:49,560
Speaker 2: So you're selling the gold, right unless, of course, you

942
00:49:49,680 --> 00:49:53,279
Speaker 2: call those bonds in. You know, after you've repaired the

943
00:49:53,280 --> 00:49:55,120
Speaker 2: balance sheet. And how do you repair the balance sheet.

944
00:49:55,120 --> 00:49:56,759
Speaker 2: You repair the balance back on the price of gold

945
00:49:56,760 --> 00:49:58,759
Speaker 2: to go from twenty four hundred dollars ounce it's twenty

946
00:49:58,800 --> 00:50:00,920
Speaker 2: four thousand dollars an ounce. That's how you do it,

947
00:50:01,080 --> 00:50:03,680
Speaker 2: and you incentivize everybody to do it. So guess what

948
00:50:03,960 --> 00:50:06,040
Speaker 2: the Chinese are going to do this. The Chinese have

949
00:50:06,080 --> 00:50:08,640
Speaker 2: a massive ship pot of goal, so to the Russians,

950
00:50:08,640 --> 00:50:12,080
Speaker 2: by the way, so to the Turks, so to the Indians.

951
00:50:11,800 --> 00:50:14,720
Speaker 1: And they're they're already and they're it's in process.

952
00:50:14,440 --> 00:50:18,440
Speaker 2: Right there, and they're going to settle their internal trade

953
00:50:18,440 --> 00:50:22,080
Speaker 2: through mbridge in the unit with a forty percent gold back.

954
00:50:23,080 --> 00:50:25,600
Speaker 2: The unit is going to be forty percent gold back.

955
00:50:25,800 --> 00:50:29,080
Speaker 2: Forty freaking percent, not four percent like it is in

956
00:50:29,120 --> 00:50:31,960
Speaker 2: the United States or zero percent is in Canada in

957
00:50:32,280 --> 00:50:37,239
Speaker 2: the UK or five percent is this in in the EU?

958
00:50:38,000 --> 00:50:41,000
Speaker 2: And I'm using that that coverage rate versus M two.

959
00:50:41,120 --> 00:50:43,279
Speaker 2: By the way I'm saying is that like you know,

960
00:50:43,400 --> 00:50:45,840
Speaker 2: or even the Fed's balance sheet doesn't really matter, Like

961
00:50:45,880 --> 00:50:49,080
Speaker 2: they're kind of similar. So you they're going to be

962
00:50:49,120 --> 00:50:51,440
Speaker 2: at forty percent. Meaning what they're going to use the

963
00:50:51,560 --> 00:50:53,240
Speaker 2: unit for is it's not going to be a currency.

964
00:50:53,360 --> 00:50:55,719
Speaker 2: No one's going to trade in units. They're going to

965
00:50:55,760 --> 00:50:58,680
Speaker 2: trade in rupees and yuan and rubles and deer am

966
00:50:58,760 --> 00:51:00,960
Speaker 2: and all the you know, Saudi and all the rest

967
00:51:00,960 --> 00:51:04,479
Speaker 2: of it. But they're going to settle through mbridge their

968
00:51:04,560 --> 00:51:07,279
Speaker 2: trade in the units, and they're going to have and

969
00:51:07,320 --> 00:51:10,520
Speaker 2: they're going to note their trade balances and their accounting

970
00:51:10,560 --> 00:51:13,400
Speaker 2: will be done, and it'll just be a blockchain ledger,

971
00:51:14,160 --> 00:51:16,480
Speaker 2: just like a blockchain. Actually that's all a blockchain actually

972
00:51:16,520 --> 00:51:20,359
Speaker 2: is anyway, it's just a ledger and so for and

973
00:51:20,400 --> 00:51:23,440
Speaker 2: that's how they'll settle up their trade balances versus their

974
00:51:23,480 --> 00:51:26,920
Speaker 2: trade deficits, maybe on a quarterly or annual basis they

975
00:51:26,920 --> 00:51:29,239
Speaker 2: need to so at the end of a year, you know,

976
00:51:29,280 --> 00:51:32,160
Speaker 2: India owes Russia fifty tons of gold and then fifty

977
00:51:32,200 --> 00:51:33,600
Speaker 2: tons of gold because it is on a freaking ship

978
00:51:33,680 --> 00:51:35,400
Speaker 2: or a plane and goes to the and go and

979
00:51:35,440 --> 00:51:37,480
Speaker 2: get sent to Moscow. But they don't settle up on

980
00:51:37,480 --> 00:51:40,480
Speaker 2: a daily basis with this, okay, and then it's under

981
00:51:40,800 --> 00:51:45,200
Speaker 2: it's in India's best interest at that point too, if

982
00:51:45,200 --> 00:51:47,560
Speaker 2: they don't want the gold to leave to invest in

983
00:51:47,640 --> 00:51:49,800
Speaker 2: Russia in such a way that they, you know, the

984
00:51:49,960 --> 00:51:55,439
Speaker 2: route ruble internal trade is closer to balance, and it's

985
00:51:55,480 --> 00:51:59,560
Speaker 2: going to enforce a kind of trade discipline that we

986
00:51:59,600 --> 00:52:03,480
Speaker 2: should and they're gonna do that. It's happening now. In

987
00:52:03,600 --> 00:52:06,080
Speaker 2: order for that to happen, they will need a lot

988
00:52:06,120 --> 00:52:09,080
Speaker 2: more liquidity in the gold market than they currently have.

989
00:52:09,400 --> 00:52:12,359
Speaker 2: Twenty four hundred dollars an ounce is not enough even

990
00:52:12,400 --> 00:52:15,400
Speaker 2: at you know, even if the Chinese actually owned that

991
00:52:15,480 --> 00:52:18,040
Speaker 2: twenty thousand tons that Jim Rigards says they've had, or

992
00:52:18,120 --> 00:52:20,279
Speaker 2: the Russians have twenty thousand dons, which I believe, I'm

993
00:52:20,320 --> 00:52:24,640
Speaker 2: not disagreeing with Jim. Even if all that's true, they

994
00:52:24,719 --> 00:52:27,680
Speaker 2: still need you know, a three or four x the

995
00:52:27,680 --> 00:52:31,919
Speaker 2: gold price in the West, especially in Europe. I don't

996
00:52:31,920 --> 00:52:34,799
Speaker 2: think the feed is fighting the gold price anymore. Okay.

997
00:52:34,840 --> 00:52:37,360
Speaker 2: I don't think mister Slammy works in New York anymore.

998
00:52:37,400 --> 00:52:40,799
Speaker 2: I think he works in Frankfurt. Okay, And I'll tell

999
00:52:40,840 --> 00:52:45,480
Speaker 2: you why I watched the I watched the gold No. Well,

1000
00:52:45,680 --> 00:52:48,160
Speaker 2: mister Slammy being the guy who comes in and beats

1001
00:52:48,160 --> 00:52:50,960
Speaker 2: on the price, beats on the overhead. My friend Eric

1002
00:52:51,000 --> 00:52:53,480
Speaker 2: youung On On on Twitter calls him mister Slammy, and

1003
00:52:53,520 --> 00:52:56,239
Speaker 2: I think it's hilarious and it's a great description. But

1004
00:52:56,400 --> 00:52:58,319
Speaker 2: where you know, all of a sudden, like you know,

1005
00:52:58,920 --> 00:53:01,680
Speaker 2: sixty million tons silver drop on the market in five minutes,

1006
00:53:01,719 --> 00:53:05,080
Speaker 2: that's mister Slammy. Mister Slammy used to show up at

1007
00:53:05,120 --> 00:53:07,960
Speaker 2: eight thirty like cockwork in New York during the last

1008
00:53:08,000 --> 00:53:11,680
Speaker 2: gold bull market, and certainly during the BERNACKI fellon, yelling

1009
00:53:11,800 --> 00:53:17,160
Speaker 2: you fellon that's a great before it had slipped. I'm sorry,

1010
00:53:18,200 --> 00:53:20,600
Speaker 2: so the Bernanchi fell in years. I'm going to use

1011
00:53:20,600 --> 00:53:23,840
Speaker 2: that from here on out. Mister Slammy would show up

1012
00:53:23,840 --> 00:53:26,879
Speaker 2: at eight thirty like conckwork, like during the Asian trade,

1013
00:53:26,920 --> 00:53:29,200
Speaker 2: gold would be up, would be kind of wander around.

1014
00:53:29,280 --> 00:53:31,120
Speaker 2: During the European trade, no one really cared, and an

1015
00:53:31,120 --> 00:53:33,320
Speaker 2: eight thirty would come in and the gold market and

1016
00:53:33,320 --> 00:53:36,160
Speaker 2: the gold price would get bombed on whatever reason we

1017
00:53:36,280 --> 00:53:41,279
Speaker 2: get bombed. And as Bill Murphy and the GADA guys,

1018
00:53:41,280 --> 00:53:44,960
Speaker 2: Bill Murphy and Chris Powell worked out during that entire time.

1019
00:53:45,000 --> 00:53:47,120
Speaker 2: They published a paper after the last gold bull market

1020
00:53:47,120 --> 00:53:48,799
Speaker 2: that if you sold the New York if you bought

1021
00:53:48,800 --> 00:53:51,240
Speaker 2: the New York Open and sold the New York clothes

1022
00:53:51,239 --> 00:53:53,360
Speaker 2: from the beginning of the gold bull market to the

1023
00:53:53,360 --> 00:53:55,600
Speaker 2: peak of twenty eleven, you had a lost seventy percent

1024
00:53:55,600 --> 00:53:58,160
Speaker 2: of your money, even though gold went up six percent,

1025
00:53:58,920 --> 00:54:03,720
Speaker 2: because that's how powerful the New York bearish internal daily

1026
00:54:03,760 --> 00:54:07,839
Speaker 2: trade was. Now I'm seeing that same trade starting at

1027
00:54:07,880 --> 00:54:12,160
Speaker 2: three am. What's three am, Well, three am New York

1028
00:54:12,200 --> 00:54:15,880
Speaker 2: time is Europe. It's the European opener. Three or two

1029
00:54:15,920 --> 00:54:19,040
Speaker 2: o'clock is the European open. And then you see gold,

1030
00:54:19,160 --> 00:54:23,759
Speaker 2: you see US treasury bonds get bid, you see you

1031
00:54:23,800 --> 00:54:27,080
Speaker 2: see all sorts of pinky stuff happening. And then eight

1032
00:54:27,200 --> 00:54:29,920
Speaker 2: thirty happens. The New York markets start to open. Gold

1033
00:54:29,960 --> 00:54:32,920
Speaker 2: and silver catch a bid, oil catches a bid. People

1034
00:54:32,960 --> 00:54:35,040
Speaker 2: start selling treasuries again, and they're like, what in the

1035
00:54:35,080 --> 00:54:38,640
Speaker 2: hell is going on here? It's clearly leguard running and

1036
00:54:39,400 --> 00:54:43,880
Speaker 2: others running an operation there. Mister Slammy, Now this is

1037
00:54:43,880 --> 00:54:46,680
Speaker 2: not to say that at particular times during the month,

1038
00:54:47,200 --> 00:54:49,120
Speaker 2: end of the quarter, when or end of the month,

1039
00:54:49,160 --> 00:54:52,600
Speaker 2: when you know options on op X and futures futures,

1040
00:54:52,600 --> 00:54:55,440
Speaker 2: options on futures expiration that mister Slammy doesn't come out

1041
00:54:55,440 --> 00:54:58,480
Speaker 2: in New York. He does, but it's not the Fed

1042
00:54:58,560 --> 00:55:01,279
Speaker 2: anymore doing it. It may be a bullion bank that's

1043
00:55:01,320 --> 00:55:04,120
Speaker 2: in trouble, it may be BofA, it may be JP Morgan,

1044
00:55:04,560 --> 00:55:08,800
Speaker 2: but it's not the Fed. The Fed is setting everything

1045
00:55:08,880 --> 00:55:12,959
Speaker 2: up for a return of a remodernization of gold. They're

1046
00:55:13,200 --> 00:55:15,359
Speaker 2: gonna allow the price of goal to rise a couple

1047
00:55:15,400 --> 00:55:18,120
Speaker 2: hundred dollars here and then we'll go up two hundred

1048
00:55:18,160 --> 00:55:19,759
Speaker 2: bucks and then down one hundred and up two hundred

1049
00:55:19,760 --> 00:55:21,800
Speaker 2: bucks and down. And you see, this is what's happening

1050
00:55:22,640 --> 00:55:25,719
Speaker 2: China is the demand out of China is enforcing a

1051
00:55:25,760 --> 00:55:29,000
Speaker 2: massive arbitrage on a daily basis between Shanghai price and

1052
00:55:29,040 --> 00:55:31,239
Speaker 2: the New York and the London price, anywhere from five

1053
00:55:31,280 --> 00:55:34,120
Speaker 2: to thirty dollars on any given day. If that doesn't close,

1054
00:55:34,120 --> 00:55:36,239
Speaker 2: that's because they can't source the physical gold. My friend

1055
00:55:36,320 --> 00:55:42,759
Speaker 2: Vinjelachi has gone about at length on multiple podcasts, not

1056
00:55:42,840 --> 00:55:46,200
Speaker 2: just mine but Arcadie Economics Palisadsville Radio. Vince has been

1057
00:55:46,200 --> 00:55:48,560
Speaker 2: doing the rounds. He's been doing a great job so

1058
00:55:49,800 --> 00:55:52,600
Speaker 2: understanding the mechanics of this. The Fed, I don't think,

1059
00:55:52,680 --> 00:55:55,680
Speaker 2: wants a lower gold price anymore. They're not trying to worry.

1060
00:55:55,719 --> 00:55:59,359
Speaker 2: They're not worried that the dollar is being embarrassed by

1061
00:55:59,400 --> 00:56:01,520
Speaker 2: a rising gold price. They're actually worried about the dollar

1062
00:56:01,600 --> 00:56:04,080
Speaker 2: rising too far, too fast while they hold interest rates

1063
00:56:04,120 --> 00:56:07,120
Speaker 2: high because it's setting up capital in flight into the

1064
00:56:07,200 --> 00:56:10,839
Speaker 2: United States. So letting the gold price rise actually helps

1065
00:56:10,920 --> 00:56:15,320
Speaker 2: blunt and allow the strengthening of the dollar to happen,

1066
00:56:15,360 --> 00:56:20,640
Speaker 2: which has been happening, to happen more manageably at the

1067
00:56:20,680 --> 00:56:24,000
Speaker 2: same time, so that that's happening over there. Who's the

1068
00:56:24,000 --> 00:56:28,000
Speaker 2: one that doesn't want to rise in gold price? Europe? Why?

1069
00:56:28,160 --> 00:56:30,759
Speaker 2: And it has not. Europe should want the exact same thing,

1070
00:56:30,800 --> 00:56:33,839
Speaker 2: because they've got twelve thousand tons of gold, they've got

1071
00:56:34,120 --> 00:56:38,760
Speaker 2: an unsustainable debt situation, their central banks are all underwater.

1072
00:56:38,760 --> 00:56:40,560
Speaker 2: They should want the same thing the Fed does, but

1073
00:56:40,600 --> 00:56:43,560
Speaker 2: they don't. And the reason they don't is because they

1074
00:56:43,600 --> 00:56:46,680
Speaker 2: are truly the colonialist powers of old that they've always

1075
00:56:46,719 --> 00:56:51,880
Speaker 2: been listen to them politically, Mark, this is so very important.

1076
00:56:52,000 --> 00:56:55,440
Speaker 2: They're the ones pushing for war with Russia. They're the

1077
00:56:55,520 --> 00:56:59,000
Speaker 2: ones putting the Estonian Prime Minister in as the top

1078
00:56:59,000 --> 00:57:02,440
Speaker 2: diplomat who wants Russia destroyed, humiliated and broken up into

1079
00:57:02,440 --> 00:57:04,960
Speaker 2: two hundred countries. They put Ursula Vanderland and you all

1080
00:57:04,960 --> 00:57:08,840
Speaker 2: freaking Nazi they kept her in charge. Why all the

1081
00:57:08,880 --> 00:57:11,880
Speaker 2: warmongers are in Europe. They're the ones all pushing to

1082
00:57:11,960 --> 00:57:19,120
Speaker 2: create a new effectively like maginal line on the an

1083
00:57:19,160 --> 00:57:23,040
Speaker 2: eastern border between Poland and Baylor, US and Ukraine. They're

1084
00:57:23,040 --> 00:57:25,000
Speaker 2: the ones pushing for this. They're the ones trying to

1085
00:57:25,000 --> 00:57:28,200
Speaker 2: put as many trip wires in place, including the Brits,

1086
00:57:28,200 --> 00:57:31,160
Speaker 2: in place, in order to force NATO in the US

1087
00:57:31,200 --> 00:57:34,439
Speaker 2: to come to their aid after they picked a war

1088
00:57:34,840 --> 00:57:37,880
Speaker 2: ground war with Russia. Why because they expect the United

1089
00:57:37,880 --> 00:57:40,840
Speaker 2: States to come in beat Russia and then they get

1090
00:57:40,880 --> 00:57:42,919
Speaker 2: to run the exact same plan that they ran after

1091
00:57:42,960 --> 00:57:45,800
Speaker 2: World War One and World War Two, which is, if

1092
00:57:45,840 --> 00:57:49,080
Speaker 2: you keep the price of gold down and you humiliate Russia,

1093
00:57:49,280 --> 00:57:53,120
Speaker 2: then you can impose unbelievable reparations on them. Listen to

1094
00:57:53,160 --> 00:57:55,640
Speaker 2: what they say. Russia has to pay for the rebuilding

1095
00:57:55,640 --> 00:57:57,840
Speaker 2: of Ukraine. Russia has to pay for this. Russia has

1096
00:57:57,880 --> 00:57:59,880
Speaker 2: to pay for this. Russia is wrong. Russia is gonna

1097
00:57:59,880 --> 00:58:02,360
Speaker 2: pay pay, pay, pay, pay pay. It's no different than

1098
00:58:02,400 --> 00:58:04,720
Speaker 2: what fucking Churchill did after World War One. And it's

1099
00:58:04,720 --> 00:58:07,120
Speaker 2: no different what Dide what we did with Brett with

1100
00:58:07,160 --> 00:58:10,880
Speaker 2: Breton Woods after World War two. You, after the war's over,

1101
00:58:10,920 --> 00:58:14,360
Speaker 2: you re establish the market rate of gold at the

1102
00:58:14,360 --> 00:58:20,640
Speaker 2: pre war rate and then impose reparations on the aggressive country,

1103
00:58:20,680 --> 00:58:23,680
Speaker 2: the beaten country that has forced to pay back in

1104
00:58:23,880 --> 00:58:28,560
Speaker 2: overvalued currency relative to their goal. It's exactly why they

1105
00:58:28,560 --> 00:58:29,920
Speaker 2: want to set this up. So they don't want the

1106
00:58:29,960 --> 00:58:32,880
Speaker 2: gold prices for five six, seven thousand dollars an ounce.

1107
00:58:33,120 --> 00:58:35,160
Speaker 2: Russia would be able to pay those reparations even if

1108
00:58:35,200 --> 00:58:38,400
Speaker 2: they lost the war. They wanted a two thousand dollars

1109
00:58:38,400 --> 00:58:41,040
Speaker 2: an ounce because they want Russia to pay, and they

1110
00:58:41,120 --> 00:58:44,800
Speaker 2: have not giving up this dream of extending their colonial

1111
00:58:44,880 --> 00:58:47,560
Speaker 2: rule into the twenty first and twenty second century. This

1112
00:58:47,600 --> 00:58:49,600
Speaker 2: is how they believe that they're going to beat us

1113
00:58:49,760 --> 00:58:52,800
Speaker 2: and impose all of this stupid CBDCs and all the

1114
00:58:52,880 --> 00:58:56,120
Speaker 2: rest of their their minority report with more Germans. They're

1115
00:58:56,160 --> 00:58:58,000
Speaker 2: convinced to this. It's still up in the GANT chart

1116
00:58:58,040 --> 00:59:01,000
Speaker 2: at fucking Globalist Central. It's city. You're right there and

1117
00:59:01,040 --> 00:59:04,280
Speaker 2: you watch them every day run the gam chart and

1118
00:59:04,640 --> 00:59:06,720
Speaker 2: they don't realize that they're losing. Going all the way

1119
00:59:06,720 --> 00:59:08,600
Speaker 2: back to what we talked about the being in this conversation,

1120
00:59:09,160 --> 00:59:12,479
Speaker 2: So that's the layout, and now we just talk about,

1121
00:59:12,520 --> 00:59:14,120
Speaker 2: you know how they're going to lose, because they are

1122
00:59:14,120 --> 00:59:14,640
Speaker 2: going to lose.

1123
00:59:15,440 --> 00:59:17,720
Speaker 1: Well, we're certainly seeing kind of back to the points

1124
00:59:17,760 --> 00:59:20,240
Speaker 1: that we both made earlier about sort of the rise

1125
00:59:20,400 --> 00:59:22,760
Speaker 1: or globalism fault starting to crack, starting to fall apart,

1126
00:59:22,760 --> 00:59:25,440
Speaker 1: the WEF Klaus Schwab starting to fall apart, and really

1127
00:59:25,720 --> 00:59:28,400
Speaker 1: all across the world we see this whatever I hate

1128
00:59:28,440 --> 00:59:31,360
Speaker 1: these labels, but for using their terms, this right wing

1129
00:59:31,480 --> 00:59:35,720
Speaker 1: wave sort of speak right where basically the people populism

1130
00:59:35,840 --> 00:59:38,240
Speaker 1: whatever you want to call it, nationalism. You know, they're

1131
00:59:38,280 --> 00:59:41,520
Speaker 1: done with the immigration, they're done with these environmental things,

1132
00:59:41,520 --> 00:59:43,280
Speaker 1: like the people are just done with this. So the

1133
00:59:43,320 --> 00:59:45,640
Speaker 1: appetite is changing really quick if and they can't get

1134
00:59:45,680 --> 00:59:49,280
Speaker 1: the censorship in fast enough to kind of quell that.

1135
00:59:49,400 --> 00:59:51,840
Speaker 1: If you will, I want to kind of start wrapping

1136
00:59:51,840 --> 00:59:54,240
Speaker 1: this up, but let me just ask another question. So

1137
00:59:55,120 --> 00:59:58,960
Speaker 1: that's an interesting take, and I love it so remonetizing gold.

1138
00:59:59,320 --> 01:00:01,200
Speaker 1: The US may want to do that because they realize

1139
01:00:01,240 --> 01:00:03,880
Speaker 1: it's inevitable, which we've already discussed, and I agree it's

1140
01:00:04,000 --> 01:00:07,480
Speaker 1: already happening. And even if Russia goes down, it doesn't

1141
01:00:07,520 --> 01:00:10,880
Speaker 1: stop China and the bricks from doing it, although, but

1142
01:00:11,120 --> 01:00:16,160
Speaker 1: potentially taking down if they if they take down, if

1143
01:00:16,200 --> 01:00:17,760
Speaker 1: they take Russia down, they kind of put China in

1144
01:00:17,800 --> 01:00:19,800
Speaker 1: their place. Maybe that might be a goal.

1145
01:00:20,760 --> 01:00:22,680
Speaker 2: That is that, that is there, that is their thinking.

1146
01:00:22,800 --> 01:00:24,840
Speaker 2: And I will say that moreover it because I know

1147
01:00:24,920 --> 01:00:26,880
Speaker 2: this is primarily a bitcoin podcast, and I do want

1148
01:00:26,880 --> 01:00:28,960
Speaker 2: to I want to. I want to want people to

1149
01:00:29,000 --> 01:00:32,200
Speaker 2: understand I already believe that bitcoin is a tool of

1150
01:00:32,200 --> 01:00:37,560
Speaker 2: the Feds, the Federal Reserve. I mean to underscore the

1151
01:00:37,600 --> 01:00:39,680
Speaker 2: sofa and the treasury market. If you look at if

1152
01:00:39,720 --> 01:00:43,240
Speaker 2: you're listening really carefully, you'll realize that. Look, I always

1153
01:00:43,280 --> 01:00:46,480
Speaker 2: thought Teather was a scam years ago, but today I

1154
01:00:46,480 --> 01:00:48,439
Speaker 2: don't think Tether is a scam. I think Teather works

1155
01:00:48,480 --> 01:00:51,720
Speaker 2: for the Federal Reserve to liquefy the bitcoin market to

1156
01:00:52,040 --> 01:00:54,600
Speaker 2: create the kind of liquidity necessary to keep bitcoin trading

1157
01:00:54,640 --> 01:00:58,240
Speaker 2: properly and to provide a hot money sink and marginal

1158
01:00:58,360 --> 01:01:01,440
Speaker 2: flow into and out of the US treasury market. I

1159
01:01:01,520 --> 01:01:04,720
Speaker 2: think it's a very important thing. Tether now holds one

1160
01:01:04,760 --> 01:01:06,960
Speaker 2: hundred and ten billion dollars with their US treasuries. Yeah.

1161
01:01:07,040 --> 01:01:09,080
Speaker 2: I don't haven't looked at Teather's market cap recently, but

1162
01:01:09,120 --> 01:01:11,479
Speaker 2: it's big well, and most of it is being held

1163
01:01:11,480 --> 01:01:12,440
Speaker 2: in short term For the.

1164
01:01:12,440 --> 01:01:15,560
Speaker 1: US dollar stable coin is certainly a way to spread

1165
01:01:15,600 --> 01:01:17,840
Speaker 1: the strength of the US dollar across the world.

1166
01:01:18,880 --> 01:01:21,080
Speaker 2: Uh, you know, so a lot of maintain it, well,

1167
01:01:21,120 --> 01:01:23,200
Speaker 2: I would say it. Maintain it. Let's just let's see, okay,

1168
01:01:23,200 --> 01:01:23,640
Speaker 2: maintain it.

1169
01:01:23,680 --> 01:01:25,920
Speaker 1: Well, you have a lot of people in these countries

1170
01:01:26,000 --> 01:01:27,840
Speaker 1: dealing with high inflation that aren't able to get to

1171
01:01:27,920 --> 01:01:29,760
Speaker 1: actual US dollars, but they can get the US dollar

1172
01:01:29,760 --> 01:01:31,880
Speaker 1: stable coins. And so we're starting to see the US

1173
01:01:31,960 --> 01:01:34,120
Speaker 1: dollar stable coins kind of filling in the blanks to

1174
01:01:34,160 --> 01:01:36,720
Speaker 1: where the US dollars aren't able to get to, if

1175
01:01:36,760 --> 01:01:38,080
Speaker 1: you will, and then and then to the point that

1176
01:01:38,120 --> 01:01:40,080
Speaker 1: you're making then those US dollars stable coins then get

1177
01:01:40,080 --> 01:01:42,560
Speaker 1: parked in treasuries. Uh, pretty pretty good deal.

1178
01:01:42,640 --> 01:01:45,280
Speaker 2: Well, actually, now that you say that, Mark, that's actually

1179
01:01:45,320 --> 01:01:47,960
Speaker 2: a really really good point, and I'm glad you brought

1180
01:01:47,960 --> 01:01:49,800
Speaker 2: it up because it just popped into my head. Oh,

1181
01:01:49,840 --> 01:01:51,480
Speaker 2: that's what the international version of the dollars is going

1182
01:01:51,520 --> 01:01:54,240
Speaker 2: to look like. It's gonna be tether. Yeah, the domestic

1183
01:01:54,240 --> 01:01:55,640
Speaker 2: dollar is going to be the dollar that you and

1184
01:01:55,680 --> 01:01:58,480
Speaker 2: I use on our daily basis, and eventually we're gonna

1185
01:01:58,480 --> 01:02:01,720
Speaker 2: wind up with some version of Heather being the international

1186
01:02:01,960 --> 01:02:06,480
Speaker 2: the euro dollar dollars sell. Yeah, the euro dollar and

1187
01:02:06,520 --> 01:02:08,480
Speaker 2: it's but it's going to be completely out of control

1188
01:02:08,560 --> 01:02:10,000
Speaker 2: of City of Alongain.

1189
01:02:10,560 --> 01:02:12,560
Speaker 1: So I'm just kind of going back to this. So

1190
01:02:13,560 --> 01:02:16,200
Speaker 1: in order for this to work, in order for the

1191
01:02:16,280 --> 01:02:20,080
Speaker 1: US to sort of preempt this move remonetizing gold, if

1192
01:02:20,320 --> 01:02:22,720
Speaker 1: like I said, it's already happening, Uh, does us want

1193
01:02:22,720 --> 01:02:24,720
Speaker 1: to do it before or after? Is kind of the question.

1194
01:02:25,440 --> 01:02:27,880
Speaker 1: And so I think in order to kind of in

1195
01:02:27,960 --> 01:02:29,720
Speaker 1: order for this to work out the way that you're

1196
01:02:29,800 --> 01:02:34,200
Speaker 1: kind of framing it, then Trump has to win if

1197
01:02:34,240 --> 01:02:37,200
Speaker 1: the if the Democrats are able to hold onto power,

1198
01:02:37,280 --> 01:02:40,040
Speaker 1: then this then uh. And and to frame it up

1199
01:02:40,080 --> 01:02:42,800
Speaker 1: and putting words in your mouth but from our previous conversations,

1200
01:02:43,120 --> 01:02:45,680
Speaker 1: some of the people inside the US government are part

1201
01:02:45,680 --> 01:02:48,720
Speaker 1: of the Eurozone. So the Biden administration, right, and so

1202
01:02:49,240 --> 01:02:51,840
Speaker 1: the goal of the Eurozone with the Bide administration is

1203
01:02:51,960 --> 01:02:54,880
Speaker 1: just keep the Democrat Party in power. If Trump gets

1204
01:02:54,880 --> 01:02:57,560
Speaker 1: into power, then you think this remondtization of gold happens.

1205
01:02:57,720 --> 01:03:00,800
Speaker 1: If it doesn't happen, then this all star to fall apart.

1206
01:03:01,720 --> 01:03:04,520
Speaker 2: Well, what will happen then is that the country will

1207
01:03:04,560 --> 01:03:08,040
Speaker 2: have to break up. And then they win anyway, because

1208
01:03:08,080 --> 01:03:10,040
Speaker 2: then what they get is the fracturing of the US

1209
01:03:10,120 --> 01:03:13,160
Speaker 2: treasury market. Who's responsible for the dead of Florida and

1210
01:03:13,200 --> 01:03:14,960
Speaker 2: Texas and all the states in between.

1211
01:03:15,040 --> 01:03:17,920
Speaker 1: Lee, Well, the red states are going to all be

1212
01:03:18,360 --> 01:03:19,800
Speaker 1: and looking good in the blue states are all going

1213
01:03:19,840 --> 01:03:20,400
Speaker 1: to be bankrupt.

1214
01:03:21,280 --> 01:03:23,760
Speaker 2: Well, but that's the point. It isn't And if you're

1215
01:03:23,840 --> 01:03:27,080
Speaker 2: and if you're just to use the phrase that everybody lives,

1216
01:03:27,120 --> 01:03:30,000
Speaker 2: if you're a eure trash ship bag communist and you

1217
01:03:30,040 --> 01:03:33,440
Speaker 2: don't want the and you don't want capital to flee

1218
01:03:33,560 --> 01:03:37,160
Speaker 2: Europe under this scenario where the European Union is failing

1219
01:03:37,200 --> 01:03:42,840
Speaker 2: politically and financially and morally and culturally and every other way,

1220
01:03:43,480 --> 01:03:45,120
Speaker 2: and that's your job, and that's your goal, and that's

1221
01:03:45,120 --> 01:03:47,720
Speaker 2: what's up on the charted global central Well then yeah,

1222
01:03:47,760 --> 01:03:50,360
Speaker 2: then the ultimate target is the US treasury market. How

1223
01:03:50,400 --> 01:03:54,640
Speaker 2: can you continue to push how can you continue to

1224
01:03:54,760 --> 01:03:58,520
Speaker 2: undermine the validity of the US Treasury bond and the

1225
01:03:58,720 --> 01:04:02,520
Speaker 2: and guarantee the coupon payments? Is the United States? Has

1226
01:04:02,800 --> 01:04:05,880
Speaker 2: I've said it many times though, what's the United States superpower?

1227
01:04:06,000 --> 01:04:08,880
Speaker 2: We've never defaulted on our debt? Well, I don't count

1228
01:04:08,880 --> 01:04:12,680
Speaker 2: the Revolutionary War debt. Sorry I'm not going there, but

1229
01:04:12,840 --> 01:04:16,280
Speaker 2: in modern times, we've never defaulted on debt. Europe's defaulted

1230
01:04:16,320 --> 01:04:19,320
Speaker 2: on a debt many times. The Europe, the British of

1231
01:04:19,360 --> 01:04:22,520
Speaker 2: issued consoles like they've all done it. They've all changed

1232
01:04:22,520 --> 01:04:24,480
Speaker 2: the government and said, you know, that's it, We're done.

1233
01:04:24,640 --> 01:04:26,640
Speaker 2: We don't honor those debts anymore.

1234
01:04:27,040 --> 01:04:30,040
Speaker 1: Whereas not counting nineteen seventy one, obviously.

1235
01:04:30,800 --> 01:04:33,600
Speaker 2: No, I'm not, because we didn't default on our debts.

1236
01:04:33,600 --> 01:04:36,200
Speaker 2: We just decided to not pay them in dollars, pay

1237
01:04:36,240 --> 01:04:39,040
Speaker 2: them and pay them in gold US treasure. We're talking

1238
01:04:39,040 --> 01:04:42,400
Speaker 2: about treasury buns. We have never defaulted on our treasury bonds.

1239
01:04:42,440 --> 01:04:47,320
Speaker 2: We've always paid the coupon payments. Okay, Now, whether we

1240
01:04:47,560 --> 01:04:50,440
Speaker 2: whether the currency was, what the Kurment diustry was redeemable in,

1241
01:04:50,480 --> 01:04:53,760
Speaker 2: and what those current treasury bonds meant and what they

1242
01:04:53,760 --> 01:04:57,760
Speaker 2: were actually claimed for. Okay, fine, fair, you can argue

1243
01:04:57,840 --> 01:05:01,160
Speaker 2: that point. But we've always from a mark player perspective,

1244
01:05:01,240 --> 01:05:07,280
Speaker 2: we've always paid our debts. Now, if you break that

1245
01:05:08,160 --> 01:05:11,640
Speaker 2: trust with the market, it's never coming back. And the current

1246
01:05:11,680 --> 01:05:15,400
Speaker 2: situation with the current clown world thing happening on Capitol

1247
01:05:15,480 --> 01:05:17,440
Speaker 2: Hill and all the and all of this stuff, it's

1248
01:05:17,440 --> 01:05:21,640
Speaker 2: never coming back. So that can't happen. And that's why

1249
01:05:21,680 --> 01:05:25,680
Speaker 2: they that's why they've pushed this secession arguments, why they

1250
01:05:25,720 --> 01:05:28,800
Speaker 2: pushed this irreconcilable differences argument on us. And I got

1251
01:05:28,800 --> 01:05:30,960
Speaker 2: news for you, dude. This is no different than what

1252
01:05:31,040 --> 01:05:33,440
Speaker 2: they did in the twenty years leading up to the

1253
01:05:33,480 --> 01:05:35,400
Speaker 2: war between the States, or what we got down here

1254
01:05:35,400 --> 01:05:38,720
Speaker 2: in the South, like the call the recent unpleasantness. Okay,

1255
01:05:39,040 --> 01:05:41,400
Speaker 2: this is what the British and the French did. They

1256
01:05:42,200 --> 01:05:46,160
Speaker 2: they manipulated the freaking board to get the South and

1257
01:05:46,200 --> 01:05:50,080
Speaker 2: the North to see themselves as mortal enemies when they

1258
01:05:50,120 --> 01:05:52,720
Speaker 2: were the ones doing it, and they were the ones

1259
01:05:52,760 --> 01:05:54,960
Speaker 2: with the treaties signed behind everybody's back, and how they

1260
01:05:55,000 --> 01:05:57,040
Speaker 2: were going to carve the South up and everything else.

1261
01:05:57,120 --> 01:05:59,760
Speaker 2: It was obvious what they were trying to do, and

1262
01:06:00,160 --> 01:06:02,480
Speaker 2: it should be just as obvious to people today when

1263
01:06:02,480 --> 01:06:04,440
Speaker 2: you see what they did. Go back and look at

1264
01:06:04,480 --> 01:06:06,480
Speaker 2: that what was going on back then, and you'll see

1265
01:06:06,480 --> 01:06:11,919
Speaker 2: the exact same thing happening today. And you know it's

1266
01:06:11,920 --> 01:06:14,320
Speaker 2: who they are, it's what they've always done. Their history

1267
01:06:14,400 --> 01:06:19,000
Speaker 2: is on this is very clear, very clear, and you

1268
01:06:19,040 --> 01:06:22,360
Speaker 2: know it's how they operate, it's how they color. If

1269
01:06:22,480 --> 01:06:26,440
Speaker 2: we have the superpower of having never really defaulted on

1270
01:06:26,520 --> 01:06:31,280
Speaker 2: our debt, I'll use it. I'll qualify with really and

1271
01:06:31,720 --> 01:06:35,400
Speaker 2: we have the best legal system for beginning, for starting

1272
01:06:35,400 --> 01:06:37,320
Speaker 2: your government, for starting a business, i e. Were the

1273
01:06:37,320 --> 01:06:41,520
Speaker 2: best offshore tax haven in the world, still right, and

1274
01:06:41,600 --> 01:06:45,280
Speaker 2: all of those things right. If you undermine all of

1275
01:06:45,280 --> 01:06:47,400
Speaker 2: that stuff, then we lose all of our superpowers. Well,

1276
01:06:47,400 --> 01:06:50,640
Speaker 2: what's britain superpower? The Color Revolution. They've been doing it

1277
01:06:50,640 --> 01:06:51,560
Speaker 2: for three hundred years.

1278
01:06:51,440 --> 01:06:54,520
Speaker 1: Folks, superpower, But we got it from Britain.

1279
01:06:54,600 --> 01:06:56,520
Speaker 2: No no, no, no, no no no no no no no no.

1280
01:06:57,240 --> 01:07:01,080
Speaker 2: That is the that's the that is the lie. The

1281
01:07:01,120 --> 01:07:04,240
Speaker 2: British have been doing this for three hundred years. They

1282
01:07:04,360 --> 01:07:07,840
Speaker 2: taught it to us. They've been doing it forever. In

1283
01:07:07,880 --> 01:07:11,360
Speaker 2: a day, I'm go back through British history. It's so

1284
01:07:11,680 --> 01:07:17,160
Speaker 2: unbelievably clear. The British perfected the color Revolution model. They

1285
01:07:17,200 --> 01:07:21,480
Speaker 2: sold it to us. And now we, as conscientious Americans

1286
01:07:21,520 --> 01:07:25,240
Speaker 2: were ashamed of what our country has become, have grafted

1287
01:07:25,280 --> 01:07:29,160
Speaker 2: that shame onto our own country forgetting the fact that yes,

1288
01:07:29,240 --> 01:07:31,600
Speaker 2: that's absolutely correct, and you should feel shamed for what

1289
01:07:31,640 --> 01:07:35,880
Speaker 2: we've become in many ways. But we don't have to

1290
01:07:35,920 --> 01:07:41,120
Speaker 2: go there and that we didn't do. We're not blameless.

1291
01:07:41,440 --> 01:07:45,400
Speaker 2: But we can reform. We know what to do. The

1292
01:07:45,440 --> 01:07:47,840
Speaker 2: Constitution is stole the law. The Supreme Court just gave

1293
01:07:47,920 --> 01:07:52,360
Speaker 2: us a whole bunch of decisions that put that took

1294
01:07:52,360 --> 01:07:57,560
Speaker 2: power away from the administrative state. Yeah, let's do it now.

1295
01:07:57,600 --> 01:07:59,120
Speaker 2: Are you gonna put your big boy pants on and

1296
01:07:59,160 --> 01:08:00,360
Speaker 2: get the work done or are you going to sit

1297
01:08:00,400 --> 01:08:01,120
Speaker 2: and complain about it?

1298
01:08:01,120 --> 01:08:07,360
Speaker 1: That's my Pointyeah, So we have Globalism is cracking apart.

1299
01:08:07,960 --> 01:08:10,960
Speaker 1: We see it from many standpoints. It's even shifting inside

1300
01:08:10,960 --> 01:08:15,760
Speaker 1: the United States as well. And we are the US

1301
01:08:15,800 --> 01:08:18,240
Speaker 1: either is going to return to gold before or after

1302
01:08:18,280 --> 01:08:22,360
Speaker 1: the rest of the world. And if that doesn't happen

1303
01:08:22,520 --> 01:08:25,280
Speaker 1: because of Trump losing the White House or the let's

1304
01:08:25,320 --> 01:08:28,800
Speaker 1: just say the Democrats holding onto power, then civil war

1305
01:08:28,880 --> 01:08:30,200
Speaker 1: becomes the next probable step.

1306
01:08:31,479 --> 01:08:34,880
Speaker 2: Then then some form of dissolution of the US as

1307
01:08:34,920 --> 01:08:39,559
Speaker 2: a fifty cent compact is on the table. Yes, sadly so,

1308
01:08:40,320 --> 01:08:43,280
Speaker 2: and nobody wants that. Nobody should want that. No matter

1309
01:08:43,320 --> 01:08:45,519
Speaker 2: how much of a narco libertarian you are at heart,

1310
01:08:45,560 --> 01:08:47,599
Speaker 2: and I'm one of them, I know you want, like

1311
01:08:48,040 --> 01:08:53,200
Speaker 2: at some point, you want the move towards decentralization of

1312
01:08:53,600 --> 01:08:57,360
Speaker 2: capital markets. You want the restoration of individual rights and

1313
01:08:57,439 --> 01:08:59,719
Speaker 2: sovereignty and all consumer sovereignty and all of these things.

1314
01:08:59,840 --> 01:09:02,000
Speaker 2: Want these things to happen, but they have to happen

1315
01:09:02,040 --> 01:09:07,120
Speaker 2: in a particular order, and you know they have to

1316
01:09:07,120 --> 01:09:09,320
Speaker 2: be done in such a way that they do no harm.

1317
01:09:09,800 --> 01:09:12,400
Speaker 2: I remind everybody when Ron Paul ran for president two

1318
01:09:12,400 --> 01:09:14,040
Speaker 2: thousand and eight and twenty twelve, he's like, We're not

1319
01:09:14,040 --> 01:09:16,280
Speaker 2: going to get rid of Social Security tomorrow. We're not

1320
01:09:16,320 --> 01:09:18,360
Speaker 2: gonna get rid of Medicaid tomorrow. We made promise this

1321
01:09:18,439 --> 01:09:20,040
Speaker 2: to these people, and we're going to hold hold to

1322
01:09:20,080 --> 01:09:23,360
Speaker 2: our promises, but we're going to also promise to sunset

1323
01:09:23,439 --> 01:09:26,760
Speaker 2: these things and get rid of them and restore a

1324
01:09:26,840 --> 01:09:32,479
Speaker 2: constitutional republic, sound money, decentralized power. And you know what

1325
01:09:32,520 --> 01:09:35,599
Speaker 2: the quote unquote founders gave us as our birthright. Yep,

1326
01:09:36,479 --> 01:09:39,520
Speaker 2: they didn't give us anything. They just they just produced

1327
01:09:39,720 --> 01:09:42,680
Speaker 2: a canvas on which we were supposed to maintain it.

1328
01:09:43,160 --> 01:09:45,120
Speaker 2: As as Ben Franklin said, what do we what was

1329
01:09:45,120 --> 01:09:46,080
Speaker 2: birthday a republic?

1330
01:09:46,120 --> 01:09:49,360
Speaker 1: If you can keep it all right, well let's let's

1331
01:09:49,360 --> 01:09:52,559
Speaker 1: wrap it up with that. Tom always such a fun conversation,

1332
01:09:52,640 --> 01:09:55,400
Speaker 1: wealth of information. I remember on one of your podcasts,

1333
01:09:55,720 --> 01:09:57,360
Speaker 1: I forget the name of your guests, but you're going

1334
01:09:57,400 --> 01:10:01,960
Speaker 1: deep into London and the UK, and you know there

1335
01:10:01,960 --> 01:10:05,639
Speaker 1: are tentacles that they've had into Canada. Yes a long time.

1336
01:10:05,840 --> 01:10:06,120
Speaker 2: It was.

1337
01:10:06,200 --> 01:10:09,360
Speaker 1: It was mind blowing to me. Uh okay, Richard Poe.

1338
01:10:09,560 --> 01:10:11,439
Speaker 1: So for everybody listening, if you want to go deeper

1339
01:10:11,439 --> 01:10:14,240
Speaker 1: into these things, check out Tom's podcast, Gold Goats Guns.

1340
01:10:14,560 --> 01:10:16,840
Speaker 1: A ton of good information on all this stuff so

1341
01:10:16,880 --> 01:10:19,040
Speaker 1: you can have a better understanding and a different lens

1342
01:10:19,080 --> 01:10:22,120
Speaker 1: to sort of view the world through. We're gonna link

1343
01:10:22,120 --> 01:10:23,559
Speaker 1: to all his stuff in the show notes down below.

1344
01:10:23,680 --> 01:10:25,280
Speaker 1: And with that Tom, we'll ahead and wrap it up.

1345
01:10:25,280 --> 01:10:25,840
Speaker 1: Thanks so much.

1346
01:10:26,920 --> 01:10:28,680
Speaker 2: Thanks man, it was good talking to you, good catch

1347
01:10:28,760 --> 01:10:32,240
Speaker 2: up with you. As always, enjoy