WEBVTT - The Supreme Courts Are Changing Everything! And It’s Worse Than You Thought… | Tom Luongo

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<v Speaker 1>The Supreme Court is in session and they are changing

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<v Speaker 1>everything as we know. We see globalism right now is

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<v Speaker 1>literally falling apart, but wef is crumbling and the US

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<v Speaker 1>is going back to the gold standard or else there

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<v Speaker 1>could be a civil war. Well, these are some of

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<v Speaker 1>the topics that we are going to talk about today

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<v Speaker 1>with returning guest Tom Luongo. Now, Tom is a geopolitical

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<v Speaker 1>and market analyst. He's the publisher of the Gold, Goats

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<v Speaker 1>and Guns newsletter, podcast and blog. More importantly, Tom is

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<v Speaker 1>an out of the box thinker and he's able to

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<v Speaker 1>connect dots that most people don't see. And of course

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<v Speaker 1>he backs it all up with a very strong track

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<v Speaker 1>record of making actionable calls on markets with uncommon accuracy.

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<v Speaker 1>With a decade of experience as a newsletter editor and

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<v Speaker 1>a contributor for Newsmax, Tom Lawongo pushes the line between

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<v Speaker 1>politics and markets with a lot of fun and brutal honesty.

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<v Speaker 1>So let's go ahead and just jump in with Tom.

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<v Speaker 1>Let's just jump in Tom Luongo, Gold Goats and Guns Podcast,

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<v Speaker 1>asked newsletter a wealth of information, someone that I turned

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<v Speaker 1>to regularly. I read your blogs, subscribe to your stuff,

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<v Speaker 1>and everyone else should do as well, as we're gonna

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<v Speaker 1>link to that down below, gold goats and guns. The

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<v Speaker 1>name sort of tells it all will come back to

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<v Speaker 1>why he's giving up the goat farming in a sense.

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<v Speaker 1>But you've been on my channel multiple times, so listeners

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<v Speaker 1>should know who you are. But let's just jump right

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<v Speaker 1>into it, because about a year ago, I think it's

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<v Speaker 1>maybe been since we've caught up. It's been a while.

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<v Speaker 1>You've been sort of on the front end a lot

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<v Speaker 1>of these trends. And one of the things that we

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<v Speaker 1>had talked about was sort of the growing administrative state,

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<v Speaker 1>deep state, whatever we want to call that, and the

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<v Speaker 1>tentacles that they've had in and one of these things

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<v Speaker 1>about this Chevron doctrine, And I think maybe we had

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<v Speaker 1>seen that the Supreme Court was going to rule on

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<v Speaker 1>that at some point, and that just happened. Now there's

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<v Speaker 1>a lot of different takes on this, so let's get

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<v Speaker 1>your take on this. So the Chevron doctrine, Supreme Court

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<v Speaker 1>ruled on it. What are your thoughts on that?

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<v Speaker 2>Well, the Chevrone difference was handed down in nineteen eighty four,

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<v Speaker 2>and as far as I'm concerned, it's probably the most consequential.

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<v Speaker 2>This is the repeal of it is probably the most

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<v Speaker 2>consequential well, okay, the ruling itself was probably the most

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<v Speaker 2>consequential advancement of the tyrannical state in the United States

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<v Speaker 2>since marbar versus Madison, or down maybe the dread Scott decision.

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<v Speaker 2>It was terrible. It literally literally unbalanced the three branches

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<v Speaker 2>of government such that the officers of the executive branch

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<v Speaker 2>could tell the officers of the judicial branch of the

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<v Speaker 2>judges what to do and how to how to adjudicate,

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<v Speaker 2>and how to interpret laws written by the legislative branch

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<v Speaker 2>Congress that didn't actually want to take responsibility for the

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<v Speaker 2>laws that they wrote. So it drove an entire, massive,

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<v Speaker 2>massive regulatory truck, you know, down right over all of

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<v Speaker 2>our constitutional rights, and the courts were literally unable to

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<v Speaker 2>do anything about it. They were forced to defer. And

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<v Speaker 2>that's not the Sebron doctrine, it's the Chevron deference. You

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<v Speaker 2>had to defer to the three letter alphabet agencies or

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<v Speaker 2>the five letter alphabet agencies or whatever, and which you know,

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<v Speaker 2>then sporify like mushrooms after a rain storm, you know.

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<v Speaker 2>And that's what we've had for the last forty years.

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<v Speaker 2>Literally it's the mechanism by which to turn the United

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<v Speaker 2>States from a constitutional republic into an unlikely technocracy, frankly

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<v Speaker 2>indistinguishable in the European Union. And like, as far as

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<v Speaker 2>I'm concerned, good riddance it was. It's always been the

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<v Speaker 2>thing that this is one of these things that's been

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<v Speaker 2>sitting around in my back of my head for years.

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<v Speaker 2>Dexter White and I, you know, we've been friends forever.

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<v Speaker 2>We've talked about how bad Chevron was. And he's the

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<v Speaker 2>one who brought it up to me about a year

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<v Speaker 2>and a half ago that there were court cases winding

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<v Speaker 2>their way through to make their way to the Supreme Court.

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<v Speaker 2>Now with thelast time you and I talked about it

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<v Speaker 2>and I brought it up, I said, you know, you know,

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<v Speaker 2>the Supreme Court was supposed to adjudicate on this last summer,

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<v Speaker 2>but they didn't. And I think the most important thing,

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<v Speaker 2>the most important take on this is not that Chevron

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<v Speaker 2>wasn't going to be overturned. Okay, it was the when

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<v Speaker 2>was the Supreme Court going to feel secure enough? And

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<v Speaker 2>it's you know, in reality, not djure, but you know,

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<v Speaker 2>in reality, the fact though safe enough to actually you know,

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<v Speaker 2>hand down decision like that because it's literally going against

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<v Speaker 2>the entire political juggernaut that is pushing the United States

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<v Speaker 2>and the entirety of the Western world into this you

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<v Speaker 2>know shnah of communism, and that's all it is. It's

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<v Speaker 2>just communism, and it's which is the ultimate technocratic state

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<v Speaker 2>is My friend Alexander mccuris reminded me of about six

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<v Speaker 2>years ago. He's like, we were talking about this stuff

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<v Speaker 2>and he said, you know, I started, you know, going

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<v Speaker 2>off in the EU, and he just reminded me it's

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<v Speaker 2>like the original technocratic state was the USSR, and all

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<v Speaker 2>they're doing in Europe is trying to perfect it and

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<v Speaker 2>they and all they're trying to do here in the

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<v Speaker 2>United States is is transported over here to destroy us

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<v Speaker 2>in the process. And I'm sorry, this is clearly obvious

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<v Speaker 2>to me from the day the WEF came out during

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<v Speaker 2>COVID and said you will you know, own nothing and

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<v Speaker 2>be happy. That was their coming out party. That was

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<v Speaker 2>their way of saying, we own you and there's nothing

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<v Speaker 2>you can do to stop it. Now, every conversation that

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<v Speaker 2>you and I have had, Mark, it's the first time

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<v Speaker 2>you had me on which was you know, a great

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<v Speaker 2>which was a great service you did me when you did.

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<v Speaker 2>And we've had since then, and when I've had you

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<v Speaker 2>and Alex on my podcast and we've all we've talked

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<v Speaker 2>about these things. Is that was there or is there

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<v Speaker 2>the existence of a counter veiling force within the United

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<v Speaker 2>States power structure that would just say nuts to this

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<v Speaker 2>and we're and what would be? And all I was

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<v Speaker 2>thinking thinking about was, well, what would the conditions be,

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<v Speaker 2>what would have to happen in order to start that process? Well, clearly,

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<v Speaker 2>the only you know, the the military industrial complex wants this.

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<v Speaker 2>They love this, Congress loves it, Davos loves it. Everybody

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<v Speaker 2>loves it. Until you get to a point where you realize, Okay,

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<v Speaker 2>the only people who can't make any money at under

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<v Speaker 2>Klaus Schwab's vision of the future are the US banks.

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<v Speaker 2>And so at some point you had to say to yourself, Okay,

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<v Speaker 2>everybody's pushing up towards their existential threat. Right. The banks

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<v Speaker 2>are looking at the destruction of the private formation of capital.

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<v Speaker 2>The Defense Department FINT is looking at the existential threat

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<v Speaker 2>of having to fight Russia over Swampland at eastern Ukraine

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<v Speaker 2>and or other places around the world. And they're not

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<v Speaker 2>ready for it. We're not ready for it, like the

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<v Speaker 2>whole country's has been hollowed out, you know, conceptually. And

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<v Speaker 2>Chevron was the heart of this on not allowing any

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<v Speaker 2>any deviation from the bureaucratic path and the technocratic path.

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<v Speaker 2>And I think that's why this is so unbelievably monumental.

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<v Speaker 2>It starts the process of saying, you know what, no.

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<v Speaker 2>And this is the interesting thing about what the Supreme

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<v Speaker 2>courtse that'll turn the micro over in just a second,

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<v Speaker 2>which is the following, which is it said, Okay, the

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<v Speaker 2>cases that have been adjudicated under Chevron aren't going to

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<v Speaker 2>be overturned, but every one of them can now be

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<v Speaker 2>potentially re litigated, okay, because Chevron should have never been

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<v Speaker 2>in place in the first place. So it's not going

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<v Speaker 2>to repeal any of this stuff. What it's going to

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<v Speaker 2>do is going to force on a case by case basis,

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<v Speaker 2>all of these all of this thirteen fourteen thousand cases

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<v Speaker 2>that are out there, they're all going to they can

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<v Speaker 2>all be realigated because all somebody has to do is

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<v Speaker 2>find harm of the you know, of that policy, and

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<v Speaker 2>then the government is going to have to justify what

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<v Speaker 2>they did without being able to use Chevron as their justification,

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<v Speaker 2>and they're basically they're they're just saying no card. Okay.

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<v Speaker 1>So in a constitutional republic, we have a constitution that

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<v Speaker 1>sort of a lot of people have this mis construed

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<v Speaker 1>and they think that it sort of gives us freedoms

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<v Speaker 1>or gives us rights, but instead it actually limits what

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<v Speaker 1>the government can actually do. And the problem that we've

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<v Speaker 1>seen escalated over time, but specifically through COVID is we

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<v Speaker 1>saw the government come in and make all types of

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<v Speaker 1>rules and regulations. I'm in California. Of course, Newsom tried

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<v Speaker 1>to be at the forefront of that, and they put

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<v Speaker 1>all types of crazy mandates, which who knows what that

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<v Speaker 1>even is right in place, and then you know, I

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<v Speaker 1>had arguments, and, like most people around the world, maybe

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<v Speaker 1>lost a lot of friends over this, because all of

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<v Speaker 1>a sudden you start to see who was on separate sides.

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<v Speaker 1>And I remember specifically one conversation I had and my

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<v Speaker 1>neighbor was like, well, this is the way that our

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<v Speaker 1>government works. I don't think it's against the constitution. You

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<v Speaker 1>do think it's against the constitution. I was very strong

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<v Speaker 1>about that, and he was strong in his opinion and

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<v Speaker 1>he's like, so it goes to the courts, and the

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<v Speaker 1>courts will tell us is this to the Constitution or not.

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<v Speaker 1>And what we've seen unfortunately through the COVID stuff. Years later,

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<v Speaker 1>the court said, hey, what you did was unconstitutional and

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<v Speaker 1>so you couldn't have done that. Unfortunately, we have a

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<v Speaker 1>couple of years worth of damages. And in the case

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<v Speaker 1>of the Chevron doctrine deference here, I'm guessing that's what

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<v Speaker 1>you're saying is sort of the same thing. The Supreme

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<v Speaker 1>Court now has basically said, hey, look, you guys don't

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<v Speaker 1>have this power. This is unconstitutional. You couldn't have done that.

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<v Speaker 1>You shouldn't have done that, You didn't have the power

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<v Speaker 1>to do that. However, the damage is done, and so

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<v Speaker 1>what you're saying is it doesn't unwind all those things.

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<v Speaker 1>But now a lot of these companies who do have damages.

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<v Speaker 1>So the case specifically was a small fishing company or

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<v Speaker 1>something like that. I mean, they had massive monetary damages,

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<v Speaker 1>and so now they may be able to go sort

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<v Speaker 1>of come back and relitigate that and maybe get some

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<v Speaker 1>of that money back.

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<v Speaker 2>Well, they're definitely going to to have to they should

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<v Speaker 2>absolutely under Chevron. Uh, the Fisheries Department or whatever. I

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<v Speaker 2>don't know the exact four letter agency. I don't remember.

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<v Speaker 2>The acronym doesn't matter. You know this seven hundred dollars

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<v Speaker 2>a day uh fee that they were charging for monitoring

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<v Speaker 2>this poor company. Like whatever finds have been racked up,

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<v Speaker 2>like those go away, they're not gonna pay them. And

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<v Speaker 2>any finds it or any not fines and you know,

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<v Speaker 2>or or fees or anything else, they're not gonna pay

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<v Speaker 2>them because it's been overturned.

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<v Speaker 1>Uh.

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<v Speaker 2>And any find and any finds indoor fees that they've

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<v Speaker 2>paid previously should be paid back to them, including all

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<v Speaker 2>their legal costs and everything else. Like this is this

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<v Speaker 2>is the way this is supposed to work. You don't

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<v Speaker 2>get to you know, it's like we've been living under

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<v Speaker 2>this this this this this this rubric of they get

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<v Speaker 2>to people with money, and people and government with power

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<v Speaker 2>get to just you know, just get to file suit

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<v Speaker 2>against you for whatever. They just we just indicted Donald

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<v Speaker 2>Trump on thirty four charges of eating a ham sandwich

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<v Speaker 2>for all intensive purposes. And yet this is and I

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<v Speaker 2>make a Murray rothbrog reference when they when I do that,

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<v Speaker 2>this is you know, they just think, well, this will

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<v Speaker 2>just pack this, will this overwhelm you with with money,

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<v Speaker 2>with with law, with legal problems that you can't afford

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<v Speaker 2>to even face. And that's how we're going to keep you,

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<v Speaker 2>keep you down. But then not only did they have that,

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<v Speaker 2>but they also had the deck stacked completely in their

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<v Speaker 2>favor so that there was no recourse to our rights.

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<v Speaker 2>Like the constitutional Republic fundamentally ended with Chevron. It was

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<v Speaker 2>the final like blow when you really stop to think

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<v Speaker 2>about how uttered, unutterably tyrannical Chevron was. Unelected. Mid wits

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<v Speaker 2>with power at any random agency could feather their own nest.

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<v Speaker 2>If it's just if you want to be like like

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<v Speaker 2>like g nolly evil, you can have some you know,

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<v Speaker 2>third class functionary over at BHF and just you know,

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<v Speaker 2>just steal money, just shake people down. Well you know what,

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<v Speaker 2>it would be a real you know, it's just mafia stuff.

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<v Speaker 2>It'ld be a real shame if your business went under

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<v Speaker 2>because we've levy to find against you every day unless

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<v Speaker 2>you paid me five hundred bucks. Like this is what

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<v Speaker 2>this That's exactly what this was. And it was so

0:12:23.000 --> 0:12:25.560
<v Speaker 2>very freaking obvious and so at the very least what

0:12:25.600 --> 0:12:29.360
<v Speaker 2>this really means to me is the following. As I

0:12:29.400 --> 0:12:33.800
<v Speaker 2>said at the beginning, what changed to allow the court,

0:12:33.840 --> 0:12:37.920
<v Speaker 2>who put off this decision for a year? What changed

0:12:38.080 --> 0:12:41.600
<v Speaker 2>that finally allowed the court to say, you know what,

0:12:43.200 --> 0:12:46.560
<v Speaker 2>we can rule on this and our children aren't going

0:12:46.640 --> 0:12:52.080
<v Speaker 2>to be murdered, because that's the reality of the situation. Okay.

0:12:52.360 --> 0:12:55.160
<v Speaker 2>Like for the last four months, they've been building a

0:12:55.440 --> 0:12:58.680
<v Speaker 2>public case about why sam Alito and his wife need

0:12:58.679 --> 0:13:03.360
<v Speaker 2>to be murdered. All right, they were clearly laying out

0:13:03.400 --> 0:13:07.280
<v Speaker 2>a path to activating Antifa to go after sam Alito

0:13:08.559 --> 0:13:13.440
<v Speaker 2>and Clarence Thomas. And now after Chevron and the Trump

0:13:13.679 --> 0:13:17.080
<v Speaker 2>immunity decision, they're all running around going, oh, well, that

0:13:17.200 --> 0:13:20.360
<v Speaker 2>gives Joe Biden, you the the the power to just

0:13:20.600 --> 0:13:22.480
<v Speaker 2>off Trump and be done with it, and they can't

0:13:22.480 --> 0:13:25.440
<v Speaker 2>do anything with it. I'm like, really, have you did you?

0:13:25.640 --> 0:13:28.719
<v Speaker 2>Did you fail third grade? Reading? Really? Did you? Did

0:13:28.760 --> 0:13:32.520
<v Speaker 2>you fail? Like reading Article two and article three of

0:13:31.640 --> 0:13:34.800
<v Speaker 2>the of the of the Constitution where the president's enumerated

0:13:34.840 --> 0:13:36.760
<v Speaker 2>powers are or whatever whichever article it is I don't

0:13:36.800 --> 0:13:38.640
<v Speaker 2>quite remember off the top of my head, but like,

0:13:38.840 --> 0:13:41.319
<v Speaker 2>I don't see that as one of the president's enumerated

0:13:41.360 --> 0:13:45.319
<v Speaker 2>powers he can just legally, you know, murder American citizens

0:13:45.720 --> 0:13:48.880
<v Speaker 2>because he disagrees with them. He doesn't have that power.

0:13:49.000 --> 0:13:52.920
<v Speaker 2>Last I checked, the king had that power. So these

0:13:52.920 --> 0:13:56.320
<v Speaker 2>people are not only are they evil, they're stupid and

0:13:56.440 --> 0:14:00.440
<v Speaker 2>evil and it just needs to end. It just we

0:14:00.600 --> 0:14:02.640
<v Speaker 2>just need to look at them at this point and go,

0:14:03.080 --> 0:14:06.360
<v Speaker 2>that's enough. You don't get to you literally don't get

0:14:06.360 --> 0:14:08.640
<v Speaker 2>to speak anymore, and we get to laugh at you

0:14:08.800 --> 0:14:11.440
<v Speaker 2>and we get to shout you down because you people

0:14:11.520 --> 0:14:15.000
<v Speaker 2>are done. This is wrong. It's one reason I'm done

0:14:15.040 --> 0:14:16.880
<v Speaker 2>with the short and I'm done with the struggle session, Mark,

0:14:16.880 --> 0:14:19.960
<v Speaker 2>I really am. I'm just done with even caring about

0:14:20.000 --> 0:14:23.000
<v Speaker 2>giving them, you know, the benefit of the doubt on

0:14:23.080 --> 0:14:27.520
<v Speaker 2>any of this. They're all just sick, evil, twisted, fucking assholes.

0:14:27.840 --> 0:14:29.280
<v Speaker 2>That's it done.

0:14:30.200 --> 0:14:31.800
<v Speaker 1>One of the things I've argued with, you know, the

0:14:32.080 --> 0:14:34.480
<v Speaker 1>attack on freedom of speech, is that you know, they say, well,

0:14:34.480 --> 0:14:36.320
<v Speaker 1>certain people shouldn't be able to say these things, but

0:14:36.320 --> 0:14:38.400
<v Speaker 1>it's like we kind of need them to say these

0:14:38.400 --> 0:14:41.000
<v Speaker 1>things so we can see how evil they really are.

0:14:41.440 --> 0:14:45.480
<v Speaker 1>And they're sort of showing themselves right now. I'll be honest,

0:14:45.560 --> 0:14:48.240
<v Speaker 1>I was completely shocked. I told my wife some of

0:14:48.240 --> 0:14:50.120
<v Speaker 1>the stuff and she shouldn't be shocked either, but I

0:14:50.160 --> 0:14:51.600
<v Speaker 1>told her some of the stuff that was coming out

0:14:51.640 --> 0:14:54.320
<v Speaker 1>on Twitter, and she couldn't believe it either. I mean literally,

0:14:54.360 --> 0:14:57.760
<v Speaker 1>we have like prominent people like head of the BBC

0:14:58.360 --> 0:15:03.760
<v Speaker 1>call in for like the president, assassinate people, send in

0:15:03.880 --> 0:15:06.800
<v Speaker 1>sealed Team six I saw right, Like, I mean all

0:15:06.840 --> 0:15:09.440
<v Speaker 1>of these things, I mean, like what, like where does

0:15:09.440 --> 0:15:11.040
<v Speaker 1>this even come from? And the fact that they're able

0:15:11.080 --> 0:15:16.320
<v Speaker 1>to say this stuff out loud is just it's just unbelievable.

0:15:16.320 --> 0:15:19.320
<v Speaker 1>It's amazing how far and how fast we've come in

0:15:19.360 --> 0:15:22.480
<v Speaker 1>such a short period of time, especially when this is

0:15:22.520 --> 0:15:25.160
<v Speaker 1>the group of people that are calling for the censorship

0:15:25.160 --> 0:15:27.240
<v Speaker 1>of people because you might say things that might offend people,

0:15:27.440 --> 0:15:30.920
<v Speaker 1>and now they're openly calling for assassination and murder.

0:15:32.120 --> 0:15:35.520
<v Speaker 2>Yeah, I know, Well that's the thing. It's always been

0:15:35.560 --> 0:15:41.040
<v Speaker 2>this way and it and you're you're completely right. This

0:15:41.120 --> 0:15:45.560
<v Speaker 2>is who these people always were, right, And the fact

0:15:45.640 --> 0:15:48.840
<v Speaker 2>that they're now having to deal with the fact that

0:15:48.880 --> 0:15:50.760
<v Speaker 2>we disagree with them and we have a little bit

0:15:50.800 --> 0:15:53.720
<v Speaker 2>of it and we have like the legal standing now

0:15:53.800 --> 0:15:55.120
<v Speaker 2>and they just say, well, no, we just need to

0:15:55.160 --> 0:15:57.560
<v Speaker 2>kill you all. Like really, we always knew this is

0:15:57.600 --> 0:16:00.800
<v Speaker 2>what you wanted to do, something new. We've always known

0:16:00.840 --> 0:16:04.240
<v Speaker 2>this and we're now thankfully now you're just showing everybody

0:16:04.320 --> 0:16:06.320
<v Speaker 2>who you actually are. I mean, Keith Overman has been

0:16:06.400 --> 0:16:09.600
<v Speaker 2>like been telling everybody that just just shoot everybody for

0:16:09.720 --> 0:16:12.520
<v Speaker 2>years now for all intents and purposes. And same thing

0:16:12.560 --> 0:16:15.240
<v Speaker 2>with the Nero and all the rest of these is rotten.

0:16:15.000 --> 0:16:20.280
<v Speaker 3>Up and also you know, threatening to be Anakin singer

0:16:20.480 --> 0:16:23.440
<v Speaker 3>and like Liz Cheney, and they're all because they're all

0:16:23.480 --> 0:16:26.920
<v Speaker 3>scared to death of actually being They know that they're guilty,

0:16:27.320 --> 0:16:30.760
<v Speaker 3>they know that they have now been exposed, and now

0:16:30.800 --> 0:16:33.640
<v Speaker 3>they're literally freaking out because for the first time they

0:16:33.720 --> 0:16:36.840
<v Speaker 3>actually have to fight on a level playing field, when

0:16:37.560 --> 0:16:39.160
<v Speaker 3>before that they always just got this, you know, sit

0:16:39.200 --> 0:16:40.040
<v Speaker 3>there in virtue signal.

0:16:40.080 --> 0:16:43.000
<v Speaker 2>They're sagging tits off every day and tell and tell

0:16:43.040 --> 0:16:45.640
<v Speaker 2>everybody it doesn't matter if they're man, boobs or otherwise,

0:16:46.800 --> 0:16:51.320
<v Speaker 2>that you know, we are the keepers of the holy

0:16:51.440 --> 0:16:53.600
<v Speaker 2>and you are not. And you are you know, you

0:16:53.640 --> 0:16:55.880
<v Speaker 2>are the plorable, outcast and unclean and you just have

0:16:56.000 --> 0:16:59.240
<v Speaker 2>to take it because we don't have to listen to you.

0:16:59.520 --> 0:17:04.040
<v Speaker 2>They never had to listen to us. And now you

0:17:04.119 --> 0:17:09.400
<v Speaker 2>can tell you you can tell that their overreaction. They're historyonic, literal,

0:17:09.520 --> 0:17:12.719
<v Speaker 2>over the top reaction of oh no, now it's okay

0:17:12.960 --> 0:17:19.360
<v Speaker 2>to call for the murdering of the presidential Republican presidential candidate,

0:17:19.640 --> 0:17:23.120
<v Speaker 2>excuse me, or anybody else who is okay, well, just

0:17:23.119 --> 0:17:25.240
<v Speaker 2>needed to start murdering everybody or pack the cord or

0:17:25.320 --> 0:17:32.760
<v Speaker 2>everything else. Why Because it's just it is who they've

0:17:32.760 --> 0:17:36.879
<v Speaker 2>always been, and they're now unbelievably scared because they know

0:17:37.000 --> 0:17:39.199
<v Speaker 2>the jig is up and they know it's all going

0:17:39.240 --> 0:17:41.639
<v Speaker 2>to roll against them, and they don't know what else

0:17:41.760 --> 0:17:43.280
<v Speaker 2>to do now.

0:17:43.359 --> 0:17:46.280
<v Speaker 1>So we shouldn't be that shocked because I mean, they

0:17:46.400 --> 0:17:48.959
<v Speaker 1>openly called for everyone who voted for Trump to go

0:17:49.040 --> 0:17:53.680
<v Speaker 1>through re education camps the majority of Americans or should

0:17:53.720 --> 0:17:56.000
<v Speaker 1>be go be re educated. I mean, that was that

0:17:56.040 --> 0:17:59.000
<v Speaker 1>was pretty extreme, So it shouldn't be so shocking, but

0:17:59.040 --> 0:18:01.000
<v Speaker 1>it is. Some of the theying is that this Chevron

0:18:01.040 --> 0:18:04.399
<v Speaker 1>doctrine effects, which is basically everything every every one of

0:18:04.440 --> 0:18:07.920
<v Speaker 1>these government administrative states you mentioned, A few of them

0:18:08.119 --> 0:18:10.800
<v Speaker 1>are sort of now reeling from the effects, but some

0:18:10.880 --> 0:18:15.080
<v Speaker 1>of them, specifically in regards to bitcoin, we saw that

0:18:15.080 --> 0:18:17.320
<v Speaker 1>there has been sort of the Biden administration has been

0:18:17.800 --> 0:18:21.280
<v Speaker 1>utilizing some of these administrative companies in regards to the

0:18:21.320 --> 0:18:25.520
<v Speaker 1>way that they use power, demanding bitcoin minors to you know,

0:18:25.600 --> 0:18:27.920
<v Speaker 1>release information about how much power they use and things

0:18:27.960 --> 0:18:31.879
<v Speaker 1>like that, and so sort of weaponizing the energy the

0:18:32.040 --> 0:18:37.560
<v Speaker 1>EPA against bitcoin and weaponizing the sec against it at

0:18:37.560 --> 0:18:41.080
<v Speaker 1>the same time. So do you think this rollback sort

0:18:41.119 --> 0:18:44.000
<v Speaker 1>of really pulls back that press they've been put in

0:18:44.040 --> 0:18:46.520
<v Speaker 1>on bitcoin in regards to a couple of those those agencies.

0:18:47.160 --> 0:18:50.439
<v Speaker 2>Oh, sure, absolutely, without a doubt. And it's not just bitcoin.

0:18:50.480 --> 0:18:52.440
<v Speaker 2>Bitcoin's only one aspect of this, but of course it's

0:18:52.440 --> 0:18:55.520
<v Speaker 2>like everything else. Look, they wanted to They always were

0:18:55.520 --> 0:18:57.680
<v Speaker 2>going to use climate change as the means by which

0:18:58.000 --> 0:19:03.240
<v Speaker 2>to beat us into giving up everything that we enjoy

0:19:03.280 --> 0:19:06.760
<v Speaker 2>about living in the first world. That was always the point, right.

0:19:07.200 --> 0:19:10.800
<v Speaker 2>Their Their goal is to their goal is literally to

0:19:11.160 --> 0:19:15.280
<v Speaker 2>replace us with AI and you know, robots and all

0:19:15.320 --> 0:19:16.520
<v Speaker 2>the rest of it, and then that they can have

0:19:16.560 --> 0:19:19.480
<v Speaker 2>a nice, simply controlled world and they don't have to

0:19:19.480 --> 0:19:21.919
<v Speaker 2>deal with you know, the dirty meat space that is,

0:19:22.280 --> 0:19:26.359
<v Speaker 2>you know, human beings. And that's fine. These are people

0:19:26.359 --> 0:19:28.560
<v Speaker 2>who are disembodied left brains, if you you know, if

0:19:28.560 --> 0:19:32.000
<v Speaker 2>you follow email Gilchrist, they believe the model is the world,

0:19:32.080 --> 0:19:36.080
<v Speaker 2>and then they believe that they can just create whatever

0:19:36.119 --> 0:19:38.160
<v Speaker 2>reality they want and then impose it on the rest

0:19:38.200 --> 0:19:40.160
<v Speaker 2>of the world. They won't be able to do that now,

0:19:40.240 --> 0:19:43.439
<v Speaker 2>So yeah, like they're not going to be able to

0:19:43.440 --> 0:19:45.040
<v Speaker 2>tell us like we're going to be able to roll

0:19:45.080 --> 0:19:47.120
<v Speaker 2>back and get light and get light bulbs that don't

0:19:47.119 --> 0:19:50.760
<v Speaker 2>burn out or make us crazy like the LEDs there.

0:19:50.760 --> 0:19:52.840
<v Speaker 2>We're going to get toilets that flush and actually get

0:19:52.880 --> 0:19:55.720
<v Speaker 2>rid of our waist. They're going to we're going to finally,

0:19:55.800 --> 0:19:58.600
<v Speaker 2>we're going to get cars that don't suck, Like that's

0:19:58.640 --> 0:20:00.840
<v Speaker 2>the first one. We're going to get car that don't suck,

0:20:01.080 --> 0:20:04.280
<v Speaker 2>which is in the car industry. I've been ranting about

0:20:04.280 --> 0:20:07.480
<v Speaker 2>this for years. The car industry was at the epicenter.

0:20:07.560 --> 0:20:09.520
<v Speaker 2>It was at the nexus point of all of these

0:20:09.520 --> 0:20:15.240
<v Speaker 2>different mechanisms of control, because without a functioning auto and

0:20:15.240 --> 0:20:19.680
<v Speaker 2>transport industry, you have no energy transport. Without energy transport,

0:20:19.920 --> 0:20:23.760
<v Speaker 2>you have no food transport, no commodity transport, no commerce,

0:20:24.000 --> 0:20:27.000
<v Speaker 2>no this, no that, no bank, no no, no private banking,

0:20:27.200 --> 0:20:30.040
<v Speaker 2>none of it. It's all rests on the ability to

0:20:30.119 --> 0:20:33.200
<v Speaker 2>transport goods and services and human beings to and where

0:20:33.240 --> 0:20:35.479
<v Speaker 2>they need to go in order to turn what is

0:20:35.480 --> 0:20:38.400
<v Speaker 2>into what will be like this is basic economics. One

0:20:38.400 --> 0:20:41.000
<v Speaker 2>oh one. I hate to use that term, but you know,

0:20:41.160 --> 0:20:43.359
<v Speaker 2>we're dealing with communists, so we kind of have to

0:20:43.359 --> 0:20:49.160
<v Speaker 2>go back to that, to the basics. So yes, so bitcoin,

0:20:49.600 --> 0:20:52.080
<v Speaker 2>they were absolutely going coming out bitcoin from like four

0:20:52.160 --> 0:20:54.960
<v Speaker 2>or five different directions, not including the least of which

0:20:55.000 --> 0:20:56.560
<v Speaker 2>is and And by the way, this is going to

0:20:56.640 --> 0:21:00.840
<v Speaker 2>sound like a criticism, but for example, as all of

0:21:00.840 --> 0:21:03.199
<v Speaker 2>this is happening, a guy who I actually really like

0:21:03.320 --> 0:21:05.360
<v Speaker 2>and would love to see take over as for Ron

0:21:05.400 --> 0:21:08.919
<v Speaker 2>DeSantis as governor of Florida, Matt Gates putting forth the

0:21:09.000 --> 0:21:13.840
<v Speaker 2>idea that cute that Americans could pay their taxes in bitcoin.

0:21:14.160 --> 0:21:16.199
<v Speaker 2>What do you want in your mind? That's like the

0:21:16.240 --> 0:21:19.600
<v Speaker 2>greatest centralization of the bitcoin ever, because what do they

0:21:19.600 --> 0:21:21.240
<v Speaker 2>want to do. They want to they want to block

0:21:21.280 --> 0:21:23.600
<v Speaker 2>off all the whales that we're sitting on, all this

0:21:23.640 --> 0:21:26.640
<v Speaker 2>bitcoin that the government doesn't control. They're gonna they want

0:21:26.640 --> 0:21:30.120
<v Speaker 2>Elizabeth Warren to to get past unrealized capital gains tax,

0:21:30.160 --> 0:21:32.840
<v Speaker 2>force these people to sell, cut off all of their

0:21:34.119 --> 0:21:36.080
<v Speaker 2>their mechanisms by which to convert them back in the

0:21:36.119 --> 0:21:38.880
<v Speaker 2>dollars so that they can pay their capital gains tax

0:21:38.880 --> 0:21:40.359
<v Speaker 2>and pay everything else. No, they just want to No,

0:21:40.480 --> 0:21:42.840
<v Speaker 2>just give us the big deal, because then and then

0:21:42.880 --> 0:21:44.720
<v Speaker 2>they control the bitcoin. Then they can start controlling the

0:21:44.720 --> 0:21:47.080
<v Speaker 2>protocol and every and they can start attempting to control

0:21:47.119 --> 0:21:50.000
<v Speaker 2>the protocol. Not saying that they can, folks, for all

0:21:50.000 --> 0:21:52.840
<v Speaker 2>the maxis in the audience, I understand how bitcoin works.

0:21:52.960 --> 0:21:56.720
<v Speaker 2>What I'm saying is from their perspective, they think that

0:21:56.800 --> 0:21:59.800
<v Speaker 2>they can control the bitcoin, they can control the value

0:21:59.800 --> 0:22:01.679
<v Speaker 2>of it, the price of it, and everything else. And

0:22:01.720 --> 0:22:04.119
<v Speaker 2>in some ways they're not wrong, and you and we

0:22:04.160 --> 0:22:05.960
<v Speaker 2>all need to make our peace with the fact that

0:22:06.000 --> 0:22:08.080
<v Speaker 2>these people are evil, and then you have to think

0:22:08.200 --> 0:22:10.800
<v Speaker 2>like them in order to figure out what they're trying

0:22:10.840 --> 0:22:13.480
<v Speaker 2>to do. So Bitcoin was being attacked from like multiple angles,

0:22:13.520 --> 0:22:15.119
<v Speaker 2>and I was like, no, mac As, I'm not paying

0:22:15.160 --> 0:22:18.200
<v Speaker 2>my Yeah, I don't consider it a privilege to pay

0:22:18.240 --> 0:22:20.879
<v Speaker 2>my income taxes in bitcoin. I think that's actually the

0:22:20.960 --> 0:22:22.080
<v Speaker 2>dumbest thing imagining. Yeah.

0:22:22.119 --> 0:22:24.359
<v Speaker 1>Yeah, but you know, good, good money drives out bad

0:22:25.240 --> 0:22:28.240
<v Speaker 1>and there's the opposite of that, and so you want

0:22:28.280 --> 0:22:30.639
<v Speaker 1>to save in the good currency and spend the bad currency.

0:22:30.680 --> 0:22:33.640
<v Speaker 1>So spend your Fiat's right. It's why pre sixty five

0:22:33.920 --> 0:22:37.080
<v Speaker 1>nickels or quarters and dimes are no longer in circulation anymore.

0:22:37.160 --> 0:22:40.280
<v Speaker 1>People have saved those and spend the post.

0:22:40.080 --> 0:22:41.959
<v Speaker 2>One Well, dimes and quarters were the ones that were

0:22:42.280 --> 0:22:45.680
<v Speaker 2>quarters that were silver. It was only nickels were actually

0:22:45.720 --> 0:22:47.879
<v Speaker 2>called nickels because they are seventy five percent nickel in

0:22:47.920 --> 0:22:48.280
<v Speaker 2>twenty and.

0:22:48.240 --> 0:22:50.359
<v Speaker 1>They no longer have nickel only for three years.

0:22:50.560 --> 0:22:52.320
<v Speaker 2>It was only for three years during World War Two

0:22:52.320 --> 0:22:55.480
<v Speaker 2>that we actually we actually produced silver nickels because we

0:22:55.560 --> 0:22:57.440
<v Speaker 2>needed the copper and the nickels so bad to fight

0:22:57.520 --> 0:22:59.680
<v Speaker 2>the war that we didn't care about the silver.

0:22:59.800 --> 0:23:01.840
<v Speaker 1>Yeah, it was fast, but nickel or longer nickels are

0:23:01.880 --> 0:23:04.280
<v Speaker 1>no longer nickel either. But I want to come back

0:23:04.320 --> 0:23:07.520
<v Speaker 1>to this point that you said about why are they

0:23:07.600 --> 0:23:10.040
<v Speaker 1>coming out now now? Something I've been talking about since

0:23:10.480 --> 0:23:15.640
<v Speaker 1>twenty twenty one is how we were approaching peak centralization

0:23:15.720 --> 0:23:19.359
<v Speaker 1>and the pendulum is swinging back towards decentralization. And a

0:23:19.359 --> 0:23:22.320
<v Speaker 1>lot of people I talked about the blowoff top of socialism,

0:23:22.440 --> 0:23:24.199
<v Speaker 1>and a lot of people back in twenty twenty one

0:23:24.640 --> 0:23:26.119
<v Speaker 1>and twenty twenty two are like Mark, you're out of

0:23:26.160 --> 0:23:27.760
<v Speaker 1>your mind. I mean, the WEF is getting more power,

0:23:27.840 --> 0:23:29.760
<v Speaker 1>the BIS is getting more power, the IMF is getting

0:23:29.800 --> 0:23:32.120
<v Speaker 1>more power. And it was, but I could already start

0:23:32.119 --> 0:23:33.720
<v Speaker 1>to see the cracks, and that's what I was, looking

0:23:33.720 --> 0:23:35.840
<v Speaker 1>at the cracks. But now it appears the dam is

0:23:35.880 --> 0:23:40.240
<v Speaker 1>completely busting and open. We see the sort of maybe

0:23:40.320 --> 0:23:43.520
<v Speaker 1>the tide turning against klaud Schwab himself. We'll come back

0:23:43.520 --> 0:23:47.400
<v Speaker 1>to that. But coming back to the point, you said why,

0:23:47.600 --> 0:23:49.800
<v Speaker 1>or you said, do you think that the Supreme Court

0:23:50.000 --> 0:23:53.520
<v Speaker 1>now feels secure enough to come out on this? So

0:23:53.560 --> 0:23:56.160
<v Speaker 1>what does that mean? Why are they now secure enough?

0:23:57.240 --> 0:23:59.440
<v Speaker 2>That's a great it's a great question. And yes, the

0:23:59.480 --> 0:24:02.119
<v Speaker 2>whole cloud swab, nuts and slots thing coming out at

0:24:02.160 --> 0:24:05.560
<v Speaker 2>the exact same time even more prima facient evidence that

0:24:08.040 --> 0:24:10.960
<v Speaker 2>I've been saying since twenty twenty one. You know, my

0:24:10.960 --> 0:24:12.640
<v Speaker 2>partner next to White said it to me the other day.

0:24:12.760 --> 0:24:14.800
<v Speaker 2>You called the shot in twenty twenty one that Powell

0:24:14.880 --> 0:24:17.439
<v Speaker 2>was off the reservation. You called the shot, You pointed

0:24:17.480 --> 0:24:20.800
<v Speaker 2>at the you pointed at the at the short porch

0:24:20.800 --> 0:24:22.680
<v Speaker 2>in Yankee Stadium, and then you hit the home run.

0:24:24.359 --> 0:24:28.560
<v Speaker 2>I'm still like, okay, yeah, maybe, okay, but let's play

0:24:28.600 --> 0:24:32.440
<v Speaker 2>this out, we're not here today, if Powell doesn't implement

0:24:32.560 --> 0:24:36.960
<v Speaker 2>SOFUR during the Trump administration, if Trump doesn't put a

0:24:37.000 --> 0:24:40.359
<v Speaker 2>whole bunch of Circuit court judges in that are actually

0:24:40.359 --> 0:24:44.880
<v Speaker 2>half way reasonable during his term. Remember, those are really

0:24:44.960 --> 0:24:47.200
<v Speaker 2>the only two things that Trump did, other than keeping

0:24:47.280 --> 0:24:50.040
<v Speaker 2>us out of war with Russia, which is a secondary point.

0:24:50.240 --> 0:24:53.280
<v Speaker 2>But those two were probably, in hindsight, the most consequential

0:24:53.280 --> 0:24:56.160
<v Speaker 2>things that Trump got done during his first term. During

0:24:56.160 --> 0:25:00.439
<v Speaker 2>the first season of the Trump Show, because the courts

0:25:00.480 --> 0:25:04.719
<v Speaker 2>set up Chevron and SOFER sets up where we are

0:25:04.760 --> 0:25:07.359
<v Speaker 2>today with interest rates and the money and money and

0:25:07.359 --> 0:25:12.720
<v Speaker 2>everything else, and the and the the capital markets. So

0:25:13.800 --> 0:25:17.359
<v Speaker 2>the Democrats have always planned on getting rid of Joe Biden.

0:25:17.840 --> 0:25:21.439
<v Speaker 2>Let's not kid ourselves, Okay, they understood, they've known, like

0:25:21.520 --> 0:25:23.560
<v Speaker 2>we've known for years that Joe was never going to

0:25:23.640 --> 0:25:25.800
<v Speaker 2>run for reelection or that they were going to have

0:25:25.800 --> 0:25:27.919
<v Speaker 2>to figure out a way to get him off, you know,

0:25:27.960 --> 0:25:31.240
<v Speaker 2>off the stage. Biden and his family, of course, don't

0:25:31.280 --> 0:25:33.359
<v Speaker 2>want to leave the stage because they are so corrupt.

0:25:33.359 --> 0:25:35.359
<v Speaker 2>The only thing keeping them out of jail right now

0:25:35.880 --> 0:25:39.960
<v Speaker 2>is the fact that he's president. Okay, So of course

0:25:40.040 --> 0:25:42.959
<v Speaker 2>Joe Biden wants to continue being president of the United States.

0:25:44.400 --> 0:25:48.440
<v Speaker 2>But so they set up this debate for the day

0:25:48.600 --> 0:25:53.440
<v Speaker 2>before the end of Q two in the capital markets, right,

0:25:53.560 --> 0:25:55.520
<v Speaker 2>so Thursday night, Q two is going to end on

0:25:55.560 --> 0:25:58.959
<v Speaker 2>Friday afternoon at five o'clock so that the world can

0:25:59.000 --> 0:26:04.400
<v Speaker 2>see that Joe Biden really is decompensating faster than anybody ever,

0:26:04.880 --> 0:26:07.720
<v Speaker 2>anybody ever thought, and all of a sudden and I

0:26:07.760 --> 0:26:13.399
<v Speaker 2>and I don't for for for for the record, I

0:26:13.440 --> 0:26:17.520
<v Speaker 2>don't think that the trolls at CNN were acting and

0:26:17.560 --> 0:26:21.439
<v Speaker 2>the and the after really a debate pity party. I

0:26:21.440 --> 0:26:26.800
<v Speaker 2>think I think I think that they're only I think

0:26:26.840 --> 0:26:29.119
<v Speaker 2>they're told what they're what they're told what they're supposed

0:26:29.160 --> 0:26:31.840
<v Speaker 2>to do, and they actually don't watch anything. I think

0:26:31.840 --> 0:26:35.760
<v Speaker 2>they see all the same clips that are sanitized and

0:26:36.119 --> 0:26:40.159
<v Speaker 2>given to them. You know, I really do. Because the

0:26:40.160 --> 0:26:45.440
<v Speaker 2>best way to sell the the flip the needle scratch

0:26:45.520 --> 0:26:48.440
<v Speaker 2>of oh my god, Joe Biden is like is insane

0:26:49.400 --> 0:26:52.480
<v Speaker 2>is for them to actually believe it themselves. I mean,

0:26:52.520 --> 0:26:54.200
<v Speaker 2>if I were, if I were scripting this, if I

0:26:54.240 --> 0:26:57.760
<v Speaker 2>were directing this movie, they would not be actors in

0:26:57.840 --> 0:27:02.040
<v Speaker 2>that moment. I would have them be honestly shocked and

0:27:02.080 --> 0:27:06.480
<v Speaker 2>have their me medic collapse and their world completely change overnight.

0:27:06.760 --> 0:27:09.719
<v Speaker 1>Right, Ben Hunt put out a piece I believe it's

0:27:10.240 --> 0:27:13.359
<v Speaker 1>epsilon theory, and put out a piece about common knowledge

0:27:13.400 --> 0:27:16.760
<v Speaker 1>or general knowledge and sort of talked about how everybody

0:27:16.800 --> 0:27:19.120
<v Speaker 1>knows it privately, but nobody wants to talk about it,

0:27:19.160 --> 0:27:21.040
<v Speaker 1>sort of the emperor wears no clothes, so to speak.

0:27:21.119 --> 0:27:23.760
<v Speaker 1>Everyone knew the emperor was naked, but once someone set

0:27:23.800 --> 0:27:26.520
<v Speaker 1>it out loud and then they knew that everybody else

0:27:26.600 --> 0:27:28.920
<v Speaker 1>knew the same thing, that they could start talking about it.

0:27:29.119 --> 0:27:31.440
<v Speaker 1>And that's maybe sort of like this, like everyone sort

0:27:31.440 --> 0:27:34.440
<v Speaker 1>of knew Biden was like that. Obviously some of us

0:27:34.640 --> 0:27:36.959
<v Speaker 1>openly spoke about it, but some of them didn't. But

0:27:37.000 --> 0:27:39.320
<v Speaker 1>once it was out in the open and then everybody

0:27:39.359 --> 0:27:41.120
<v Speaker 1>saw it, there was just no way they couldn't talk

0:27:41.160 --> 0:27:42.160
<v Speaker 1>about it. Something like that.

0:27:42.800 --> 0:27:45.000
<v Speaker 2>Right, So that's the first part of the setup. And

0:27:45.080 --> 0:27:47.360
<v Speaker 2>so we knew this was coming. It was on the schedule,

0:27:47.800 --> 0:27:50.399
<v Speaker 2>And people have been asking me all day and all

0:27:50.480 --> 0:27:52.679
<v Speaker 2>the last couple of days, like why did Trump even

0:27:53.320 --> 0:27:55.440
<v Speaker 2>you know, agree to this debate knowing full well that

0:27:55.560 --> 0:27:57.439
<v Speaker 2>you know this is a setup in order to get

0:27:57.480 --> 0:27:59.480
<v Speaker 2>rid of Biden. I'm like, because the best way for

0:27:59.560 --> 0:28:02.760
<v Speaker 2>him to win is for him to let them show

0:28:02.800 --> 0:28:06.760
<v Speaker 2>Biden for what he is, let them attempt to replace him,

0:28:06.920 --> 0:28:10.159
<v Speaker 2>and then watch the civil war within the Democratic Party

0:28:10.280 --> 0:28:13.040
<v Speaker 2>as all three, four, five, six different factions with the

0:28:13.080 --> 0:28:17.000
<v Speaker 2>Democratic Party, and I think there's at least three you know,

0:28:17.520 --> 0:28:19.600
<v Speaker 2>you know, fight amongst themselves until we figure out what's

0:28:19.640 --> 0:28:22.080
<v Speaker 2>gonna you know, who's gonna gonna win. And this is

0:28:22.080 --> 0:28:23.639
<v Speaker 2>exactly what Dexter White and I talked about in the

0:28:23.720 --> 0:28:25.679
<v Speaker 2>latest issue with the Gold, Goat and Guns podcast. We

0:28:25.720 --> 0:28:30.119
<v Speaker 2>did we did this like on Sunday afternoon, and I

0:28:30.160 --> 0:28:35.280
<v Speaker 2>put it out last night, so I think they knew

0:28:35.280 --> 0:28:38.000
<v Speaker 2>it was coming, they knew what was getting set up.

0:28:38.080 --> 0:28:41.080
<v Speaker 2>And the Supreme Court right at the end of their

0:28:41.520 --> 0:28:45.960
<v Speaker 2>legislation of their session, then dumped everything on the market,

0:28:46.640 --> 0:28:49.240
<v Speaker 2>everything all at once, and then the war the War

0:28:49.320 --> 0:28:51.760
<v Speaker 2>Street Journal puts out the nuts and Smuts campaign against

0:28:51.920 --> 0:28:56.200
<v Speaker 2>Kyles Schwab. It's all coordinated. There are no coincidences here, okay,

0:28:56.440 --> 0:29:00.720
<v Speaker 2>and we've all been focusing on Chevron right and the

0:29:00.720 --> 0:29:04.080
<v Speaker 2>Trump thing. But and I didn't. I didn't catch this.

0:29:04.120 --> 0:29:05.760
<v Speaker 2>One of my patrons caught it, and he called me

0:29:05.760 --> 0:29:07.120
<v Speaker 2>out and he's like, dude, how could you miss this?

0:29:07.240 --> 0:29:11.760
<v Speaker 2>I'm like, because I'm busy, and the life, the life happens.

0:29:11.760 --> 0:29:13.959
<v Speaker 2>Thank you for pointing this out to me. The jacker

0:29:14.040 --> 0:29:18.080
<v Speaker 2>Se case about the SEC is actually more is actually

0:29:18.120 --> 0:29:21.600
<v Speaker 2>almost as consequential because there in that one, you know,

0:29:22.040 --> 0:29:25.400
<v Speaker 2>the SEC brought fraud charges against this hedge fund manager

0:29:25.400 --> 0:29:27.360
<v Speaker 2>ten years ago and then you know, and find the

0:29:27.360 --> 0:29:30.880
<v Speaker 2>crab out of him and claimed that their administrative star

0:29:30.960 --> 0:29:35.880
<v Speaker 2>chamber courts were good enough to you know, adjudicate against

0:29:35.880 --> 0:29:38.400
<v Speaker 2>this guy have and the Supreme Court is like, uh no,

0:29:39.680 --> 0:29:44.280
<v Speaker 2>that's a jury by his peers issue. And the legal

0:29:44.320 --> 0:29:47.160
<v Speaker 2>decision on this is very is actually very interesting because

0:29:47.640 --> 0:29:51.080
<v Speaker 2>the SEC. And I'm not a constitutional scholar, so I'll

0:29:51.120 --> 0:29:55.640
<v Speaker 2>get like the the article and section numbers wrong, but

0:29:55.840 --> 0:29:58.880
<v Speaker 2>they were trying to argue one section of the Constitution,

0:29:59.760 --> 0:30:05.200
<v Speaker 2>the executive branch, versus the another article of the Constitution,

0:30:05.520 --> 0:30:08.680
<v Speaker 2>which was enumerting the you know, which was enumrating like

0:30:08.680 --> 0:30:12.000
<v Speaker 2>the legislative branch. And so they were trying to mix

0:30:12.040 --> 0:30:14.200
<v Speaker 2>those two things together in order to get what they wanted,

0:30:14.240 --> 0:30:16.640
<v Speaker 2>and they got away with it for years, again thanks

0:30:16.640 --> 0:30:20.880
<v Speaker 2>to Chevron. So the two of those things together. Really

0:30:22.400 --> 0:30:28.520
<v Speaker 2>that's the like the Judo esque you know, body slam reversal,

0:30:28.560 --> 0:30:31.520
<v Speaker 2>complete reversal. And so now all of a sudden, we

0:30:31.560 --> 0:30:35.640
<v Speaker 2>actually have the possibility of getting government of buying for

0:30:35.800 --> 0:30:39.320
<v Speaker 2>the people out of the court system because the because

0:30:39.600 --> 0:30:42.800
<v Speaker 2>the administrative state has been you know, literally gutted, and

0:30:42.840 --> 0:30:44.880
<v Speaker 2>now we can go back to a jury by you know,

0:30:44.920 --> 0:30:46.600
<v Speaker 2>we can go back to trial jury and they can't

0:30:46.640 --> 0:30:48.360
<v Speaker 2>just you know, find us and take all of our

0:30:48.360 --> 0:30:50.360
<v Speaker 2>money and bankrupt this all because you know, we looked

0:30:50.360 --> 0:30:52.520
<v Speaker 2>at somebody sideways, or we put out a mean tweet

0:30:52.560 --> 0:30:56.080
<v Speaker 2>about Ursula Vanderline, which this is the funny part about it.

0:30:56.080 --> 0:30:57.840
<v Speaker 2>It's like we're at the point now where if we

0:30:57.880 --> 0:31:01.120
<v Speaker 2>say mean things about European leaders, like they send people

0:31:01.120 --> 0:31:02.560
<v Speaker 2>to our doors, they send the f b I to

0:31:02.600 --> 0:31:05.400
<v Speaker 2>our house, Like fuck is this ship?

0:31:05.480 --> 0:31:05.880
<v Speaker 1>Yeah?

0:31:06.000 --> 0:31:10.560
<v Speaker 2>Seriously, are you kidding me? Like, I'm not allowed to

0:31:10.560 --> 0:31:13.400
<v Speaker 2>say bad things about giebra hofstat I'm like, what, why not?

0:31:14.160 --> 0:31:17.160
<v Speaker 2>He's completely odious. There's nothing, there's not a thing about

0:31:17.160 --> 0:31:20.600
<v Speaker 2>that human being that is in any way mannership before redeemable.

0:31:20.640 --> 0:31:22.000
<v Speaker 2>And yet I'm supposed to sit here and defer to

0:31:22.080 --> 0:31:23.080
<v Speaker 2>him because he's a public figure.

0:31:23.120 --> 0:31:25.120
<v Speaker 1>What do you what do you kidd eat heat from

0:31:25.440 --> 0:31:26.120
<v Speaker 1>the Netherlands.

0:31:26.800 --> 0:31:28.760
<v Speaker 2>Yeah, the Netherlands, that guy with the bad teeth and

0:31:28.800 --> 0:31:30.480
<v Speaker 2>the you know this Hord.

0:31:30.560 --> 0:31:32.560
<v Speaker 1>I want to I want to literally like the like.

0:31:32.560 --> 0:31:38.120
<v Speaker 2>The like like the perfect example of the odious eurocrat. Yeah,

0:31:38.520 --> 0:31:40.959
<v Speaker 2>like he's like he's like like my pinnacle. I gotta like,

0:31:41.080 --> 0:31:42.080
<v Speaker 2>I gotta get Ai to.

0:31:42.040 --> 0:31:44.480
<v Speaker 1>Give me some like Godzilla means I want to come

0:31:44.520 --> 0:31:47.160
<v Speaker 1>back to the Europe and the EU. But just so so,

0:31:47.240 --> 0:31:51.000
<v Speaker 1>you're saying that the Supreme Court finally felt safe enough

0:31:51.040 --> 0:31:54.240
<v Speaker 1>to do this and sort of in the fog of war. Uh,

0:31:54.320 --> 0:31:58.200
<v Speaker 1>sort of at a time when the the Democrat Party

0:31:58.240 --> 0:32:02.320
<v Speaker 1>which has been openly attacking them, threatening them even right

0:32:02.320 --> 0:32:04.720
<v Speaker 1>we saw with an overturn of Roe v. Wade, I

0:32:04.720 --> 0:32:07.680
<v Speaker 1>mean actual physical threats and so forth. So at a

0:32:07.680 --> 0:32:10.520
<v Speaker 1>time when now there's all this dysfunction in fighting, they

0:32:10.520 --> 0:32:13.480
<v Speaker 1>figured now is a safe time because they're too preoccupied

0:32:13.480 --> 0:32:14.520
<v Speaker 1>with themselves. Is that what you're saying.

0:32:15.480 --> 0:32:18.120
<v Speaker 2>No, Actually, when I again get lost in all the

0:32:18.160 --> 0:32:20.200
<v Speaker 2>details and you know, wanting to like stand out my

0:32:20.200 --> 0:32:23.880
<v Speaker 2>soapbox and complain about your bloodless eurocrats. No, the point

0:32:23.920 --> 0:32:26.960
<v Speaker 2>being is that if you believe my argument that the

0:32:27.000 --> 0:32:31.640
<v Speaker 2>FED and our banking system is not down with the

0:32:31.720 --> 0:32:35.760
<v Speaker 2>common turn, then they have finally gotten the things together.

0:32:36.040 --> 0:32:37.520
<v Speaker 2>They've got all their ducks in a row, and they

0:32:37.560 --> 0:32:39.760
<v Speaker 2>finally tapped the scotus on the back of the shoulders

0:32:39.840 --> 0:32:42.880
<v Speaker 2>to John Roberts, don't worry, we have your back. Take

0:32:42.880 --> 0:32:47.960
<v Speaker 2>these people the fuck out. And what happened yesterday The

0:32:48.000 --> 0:32:53.040
<v Speaker 2>State of Florida unleashes all of the Epstein. Yeah, the

0:32:53.080 --> 0:32:55.720
<v Speaker 2>documents that have been sealed for sixteen years. Like, if

0:32:55.720 --> 0:32:59.760
<v Speaker 2>this isn't all a major shot across every bow there is,

0:32:59.840 --> 0:33:02.560
<v Speaker 2>I don't know what else to tell you. I mean, Mark,

0:33:02.680 --> 0:33:05.440
<v Speaker 2>like you, I call peak Davos. Back in twenty twenty one,

0:33:05.600 --> 0:33:08.000
<v Speaker 2>when they tried rolling out Omicron and it failed like

0:33:08.040 --> 0:33:10.480
<v Speaker 2>a went over like a led Zeppelin, I'm like, this

0:33:10.520 --> 0:33:12.680
<v Speaker 2>is over. Yeah, this is only going to get worse

0:33:12.680 --> 0:33:15.160
<v Speaker 2>for them for them from here because they don't because

0:33:15.160 --> 0:33:19.000
<v Speaker 2>they've lost the illusion of that. Everybody's broken the illusion

0:33:19.320 --> 0:33:21.560
<v Speaker 2>and it's collapsed and everybody's like, Okay, I'm just over

0:33:21.560 --> 0:33:22.880
<v Speaker 2>this shit and now I want to get back to work.

0:33:23.520 --> 0:33:27.520
<v Speaker 2>And you know, it was just a matter of watching

0:33:27.600 --> 0:33:31.320
<v Speaker 2>whether or not Powell could continue to drain them of

0:33:31.360 --> 0:33:35.320
<v Speaker 2>their vitality. I either euro dollars that they levered up

0:33:35.320 --> 0:33:38.240
<v Speaker 2>a zero percent for fifteen years, and then they watch

0:33:38.320 --> 0:33:40.800
<v Speaker 2>Jenny Yellen running yield curve control and all this other stuff,

0:33:40.840 --> 0:33:42.800
<v Speaker 2>and it's just all what I've seen for the last

0:33:42.840 --> 0:33:45.960
<v Speaker 2>three years is nothing but reregard actions from them. Yeah,

0:33:46.000 --> 0:33:50.400
<v Speaker 2>and their pivot is war in Ukraine, and war in Taiwan.

0:33:50.080 --> 0:33:52.880
<v Speaker 1>And war everywhere China, and war and war work were

0:33:52.920 --> 0:33:57.200
<v Speaker 1>everywhere one of the only ways out of the situation

0:33:57.280 --> 0:34:00.600
<v Speaker 1>that we're in, moving more towards the macroeconomic lens. Now

0:34:01.160 --> 0:34:03.200
<v Speaker 1>you talk about the FED sort of weaponizing against the

0:34:04.240 --> 0:34:06.800
<v Speaker 1>euro system, if you will, the banking system, And just

0:34:06.880 --> 0:34:08.800
<v Speaker 1>for everybody listening, if you want to know more about

0:34:08.840 --> 0:34:10.160
<v Speaker 1>that whole thing, go back and listen to some of

0:34:10.200 --> 0:34:12.160
<v Speaker 1>our previous interviews. I'm going to link them in the

0:34:12.200 --> 0:34:14.240
<v Speaker 1>in the show notes down below because they're still relevant

0:34:14.280 --> 0:34:16.680
<v Speaker 1>if you want to kind of understand this from a

0:34:16.680 --> 0:34:21.240
<v Speaker 1>better level. But let's just say that in this situation

0:34:21.280 --> 0:34:23.240
<v Speaker 1>that we're in right now, with super high debt to GDP,

0:34:24.640 --> 0:34:30.520
<v Speaker 1>unsustainable debt, fiscal spending is now dominating, you know, whatever,

0:34:30.520 --> 0:34:32.759
<v Speaker 1>the FED and central banks can do, and we're sort

0:34:32.800 --> 0:34:35.839
<v Speaker 1>of the rock and hard place have continued to get

0:34:35.840 --> 0:34:38.439
<v Speaker 1>closer and closer and closer. Maybe the only real way

0:34:38.520 --> 0:34:43.200
<v Speaker 1>out of this is, I mean, super high inflation. Right,

0:34:43.280 --> 0:34:46.280
<v Speaker 1>if we can have enough inflation to push the growth

0:34:46.440 --> 0:34:49.040
<v Speaker 1>level up. So this is what I'm thinking.

0:34:49.080 --> 0:34:49.719
<v Speaker 2>So maybe we have.

0:34:51.200 --> 0:34:54.919
<v Speaker 1>Maybe we have high double digit inflation for three four years.

0:34:55.000 --> 0:34:58.399
<v Speaker 1>We pushed the GDP the productive side up a little bit,

0:34:58.440 --> 0:35:01.080
<v Speaker 1>bring the debt to GDP balance back down a little bit.

0:35:01.800 --> 0:35:04.359
<v Speaker 1>We have Biden talking about and now you know, the

0:35:04.400 --> 0:35:07.000
<v Speaker 1>news media has been saying that if if President Trump

0:35:07.080 --> 0:35:10.160
<v Speaker 1>comes back, we're gonna have this inflation bomb. And knowing

0:35:10.160 --> 0:35:12.840
<v Speaker 1>that we need the inflation bomb, could Trump be the

0:35:12.920 --> 0:35:16.800
<v Speaker 1>scapegoat that it would be put in place? They already

0:35:16.840 --> 0:35:18.640
<v Speaker 1>told us there's going to be an inflation bomb, then

0:35:18.680 --> 0:35:21.960
<v Speaker 1>they unleashed the inflation bomb to bring back balance in there.

0:35:22.000 --> 0:35:23.160
<v Speaker 1>Could that be something.

0:35:24.480 --> 0:35:27.560
<v Speaker 2>I'm gonna I'm going to push back on that. Yeah,

0:35:27.719 --> 0:35:29.680
<v Speaker 2>I think that we're going to continue to have inflation.

0:35:30.560 --> 0:35:32.520
<v Speaker 2>There was a summit this morning at hosted by the

0:35:32.520 --> 0:35:35.799
<v Speaker 2>ECB between Jerome Powell, the head of the Brazilian Central

0:35:35.840 --> 0:35:38.120
<v Speaker 2>banker's name, I don't you can't remember, and I probably

0:35:38.160 --> 0:35:40.160
<v Speaker 2>couldn't pronounce it even if I did remember. And Christina

0:35:40.200 --> 0:35:45.440
<v Speaker 2>Lagard and Powell and his remarks had like Powell like

0:35:45.480 --> 0:35:48.120
<v Speaker 2>he did with the Guard at the green Sea Summit

0:35:48.160 --> 0:35:52.040
<v Speaker 2>back in early June before he you know, used the

0:35:52.040 --> 0:35:54.360
<v Speaker 2>five basis points to change the world when you pushed

0:35:54.400 --> 0:35:56.919
<v Speaker 2>the RP rate, the reverse rebuild rate five basis points

0:35:56.920 --> 0:35:59.200
<v Speaker 2>about the Fed funds rate. Two weeks before that he

0:35:59.280 --> 0:36:03.880
<v Speaker 2>did that. He told everybody at the green Sea Summit. Look,

0:36:04.719 --> 0:36:06.080
<v Speaker 2>I'm the head of the Federal Reserve. I have a

0:36:06.120 --> 0:36:09.680
<v Speaker 2>dual mandate for stable prices and full employment. Climate change

0:36:09.719 --> 0:36:13.480
<v Speaker 2>is not my thing. And Leguard lost her mind and

0:36:13.640 --> 0:36:15.520
<v Speaker 2>was angry, Well, I got news for you this morning.

0:36:17.760 --> 0:36:19.959
<v Speaker 2>My people all got a chance to watch this today.

0:36:19.960 --> 0:36:21.839
<v Speaker 2>I didn't. I was actually busy doing other things and

0:36:21.920 --> 0:36:25.440
<v Speaker 2>all of my patrons were just watching this on CNBC

0:36:25.640 --> 0:36:29.000
<v Speaker 2>and cackling as Powell just said, we don't see inflation

0:36:29.080 --> 0:36:32.840
<v Speaker 2>coming down to blow two percent for until the end

0:36:32.880 --> 0:36:37.120
<v Speaker 2>of twenty twenty six, which is which is a way

0:36:37.120 --> 0:36:40.080
<v Speaker 2>of saying dog whistling. Oh, by the way, fuck, there

0:36:40.080 --> 0:36:43.640
<v Speaker 2>are no rate cuts coming, okay, If anything, there are

0:36:43.719 --> 0:36:45.759
<v Speaker 2>rate hikes coming now.

0:36:46.480 --> 0:36:48.560
<v Speaker 1>I believe the power took it from the now fron angle.

0:36:48.600 --> 0:36:51.759
<v Speaker 2>But go ahead, but oh no, no, absolutely, I know,

0:36:51.840 --> 0:36:54.160
<v Speaker 2>I know the inflation neists want to believe that Powell's

0:36:54.239 --> 0:36:55.759
<v Speaker 2>like trying to wiggle his way out of it. No,

0:36:56.040 --> 0:36:58.560
<v Speaker 2>that was a clear signal we are not going to

0:36:58.600 --> 0:37:01.279
<v Speaker 2>cut interest rates because is no need for us to

0:37:01.360 --> 0:37:04.560
<v Speaker 2>do so. And moreover, he talked about the labor market.

0:37:04.560 --> 0:37:07.839
<v Speaker 2>He said, the labor market is is yeah, it's not good,

0:37:07.880 --> 0:37:11.560
<v Speaker 2>but it's not terrible. And he's like, we're going to

0:37:11.600 --> 0:37:16.000
<v Speaker 2>go through the pain that's necessary. And Leguard was absolutely

0:37:17.600 --> 0:37:21.080
<v Speaker 2>bonkers man. And then when she was asked a whole

0:37:21.080 --> 0:37:25.239
<v Speaker 2>lot of hard questions that she couldn't answer because and

0:37:25.320 --> 0:37:27.960
<v Speaker 2>then Gulesby came out, the Austin Goulsby came out and

0:37:28.000 --> 0:37:30.080
<v Speaker 2>said say, after, well, you know, if we if we

0:37:30.160 --> 0:37:34.080
<v Speaker 2>measured inflation the way the Eurozone does, yeah, we'd be

0:37:34.080 --> 0:37:37.359
<v Speaker 2>at two percent. But we don't. And it's already understated

0:37:37.960 --> 0:37:42.040
<v Speaker 2>an effect. Another way, when when you listen to fed head,

0:37:42.080 --> 0:37:44.360
<v Speaker 2>when you listen to FED people talk, you have to

0:37:44.440 --> 0:37:47.440
<v Speaker 2>understand the bias and the speak. They're never going to

0:37:47.480 --> 0:37:49.560
<v Speaker 2>tell you the truth. Is like any politician it's like

0:37:49.600 --> 0:37:53.120
<v Speaker 2>any hockey general manager. They always talk in you know,

0:37:53.880 --> 0:37:56.000
<v Speaker 2>in platitudes, and you have to understand how to read

0:37:56.040 --> 0:37:59.280
<v Speaker 2>what they say. It's like reading diplomatic cables, which again

0:37:59.320 --> 0:38:02.040
<v Speaker 2>my friend friend Alexander Mercuriz is far better at than

0:38:02.080 --> 0:38:08.120
<v Speaker 2>i am. And that was a clear signal to everybody

0:38:08.160 --> 0:38:11.399
<v Speaker 2>that Penwell's not changed in course unless he absolutely has

0:38:11.440 --> 0:38:13.160
<v Speaker 2>to be. And there's something that breaks within the US

0:38:13.160 --> 0:38:17.120
<v Speaker 2>financial system, and we are not showing any signs whatsoever

0:38:17.160 --> 0:38:21.120
<v Speaker 2>of that happening. What we're seeing is continued movement by

0:38:21.239 --> 0:38:25.319
<v Speaker 2>Janney Allen to attempt to do yield curve control through

0:38:25.360 --> 0:38:28.239
<v Speaker 2>the treasury departments. She just did a POMO thing this

0:38:28.360 --> 0:38:33.080
<v Speaker 2>afternoon and bought back a bunch of treasuries maturing in

0:38:33.120 --> 0:38:35.480
<v Speaker 2>twenty thirty six. So what she's doing, she's buying the

0:38:35.520 --> 0:38:37.879
<v Speaker 2>long end of the curve and she's selling the short

0:38:37.960 --> 0:38:40.399
<v Speaker 2>end of the curve. That's her yield curve control. She's

0:38:40.440 --> 0:38:43.440
<v Speaker 2>been selling tos and buy and tens, or biasing the

0:38:43.440 --> 0:38:45.960
<v Speaker 2>market in terms of buying and selling twos and tens

0:38:46.280 --> 0:38:48.959
<v Speaker 2>for two years now in order to keep the long

0:38:49.160 --> 0:38:51.839
<v Speaker 2>end of the European yield curve from blowing out. Where

0:38:51.840 --> 0:38:55.360
<v Speaker 2>it belongs, because Leguard needs the German ten year to

0:38:55.400 --> 0:38:58.240
<v Speaker 2>stay around one point six to one point eight percent

0:38:58.360 --> 0:39:01.200
<v Speaker 2>below that of the US tenure. So if we start

0:39:01.200 --> 0:39:04.000
<v Speaker 2>getting a bear steepener trade in the uscield curve, Reguard

0:39:04.200 --> 0:39:09.480
<v Speaker 2>is absolutely screwed in every way, matner, shape and form,

0:39:09.520 --> 0:39:11.840
<v Speaker 2>because at the same time, that's going to put downward

0:39:11.880 --> 0:39:14.320
<v Speaker 2>pressure on the euro, which is then going to feedback

0:39:14.320 --> 0:39:17.160
<v Speaker 2>into oil prices and they're gonna have inflation come back

0:39:17.239 --> 0:39:19.600
<v Speaker 2>like you would not believe in Europe, and she's going

0:39:19.680 --> 0:39:23.120
<v Speaker 2>to look like a complete and utter idiot, which she is.

0:39:24.040 --> 0:39:26.799
<v Speaker 2>She is a political animal. She's not an economist. She

0:39:26.920 --> 0:39:29.920
<v Speaker 2>was placed in power in order to affect a particular

0:39:30.000 --> 0:39:33.799
<v Speaker 2>policy because she's ruthless and she's good at it. But

0:39:34.880 --> 0:39:39.320
<v Speaker 2>she's also a moron when it comes to she's gonna

0:39:39.320 --> 0:39:42.800
<v Speaker 2>fight like the world's bond traders. I mean, I already

0:39:42.840 --> 0:39:45.040
<v Speaker 2>know that the central banks are like, try to move

0:39:45.160 --> 0:39:47.319
<v Speaker 2>all the markets all the time. Fine, but at some

0:39:47.400 --> 0:39:50.680
<v Speaker 2>point markets are stronger than that. And what I think

0:39:50.880 --> 0:39:54.040
<v Speaker 2>is the following To go back to your point about inflation,

0:39:54.320 --> 0:39:56.720
<v Speaker 2>I'm not saying we're not going to continue to have inflation.

0:39:57.040 --> 0:39:59.120
<v Speaker 2>We are as a matter of fact, inflations, we're gonna

0:39:59.120 --> 0:40:00.920
<v Speaker 2>have another round of it. It's going to show up

0:40:00.920 --> 0:40:03.480
<v Speaker 2>in energy prices and then move forward. Why because the

0:40:03.480 --> 0:40:05.759
<v Speaker 2>Biden administration is run out of oil to sell out

0:40:05.800 --> 0:40:11.520
<v Speaker 2>of the SBR, to manipulate oil prices. I did a

0:40:11.520 --> 0:40:15.000
<v Speaker 2>podcast with a young man named Ben Kelleran recently and

0:40:15.040 --> 0:40:18.040
<v Speaker 2>we went over the state of the oil industry, and

0:40:18.080 --> 0:40:21.960
<v Speaker 2>he brought up to me the importance of the fact

0:40:21.960 --> 0:40:25.120
<v Speaker 2>that the United States has changed the definition of what

0:40:25.360 --> 0:40:28.040
<v Speaker 2>constitutes a barrel of oil in terms of oil weekly

0:40:28.080 --> 0:40:31.439
<v Speaker 2>oil production statistics, meaning they're more biased now towards natural

0:40:31.440 --> 0:40:34.279
<v Speaker 2>gas and natural gas liquids than actual crude oil. So

0:40:34.320 --> 0:40:37.200
<v Speaker 2>the United States is still nominally producing thirteen million barrels

0:40:37.200 --> 0:40:39.799
<v Speaker 2>of oil a day, but a lot lower proportion of

0:40:39.800 --> 0:40:44.600
<v Speaker 2>that is actual crude oil. Okay, So that's biasing the mind.

0:40:44.640 --> 0:40:48.760
<v Speaker 2>That's again management and perspective economics to bias Brent crude

0:40:48.760 --> 0:40:53.200
<v Speaker 2>traders and WTI crew traders. Now Brent is sitting here,

0:40:53.360 --> 0:40:56.399
<v Speaker 2>opens up Q three and immediately pushes towards eighty seven

0:40:56.440 --> 0:40:58.840
<v Speaker 2>dollars a barrel, while the euro is struggling to maintain

0:40:58.920 --> 0:41:01.840
<v Speaker 2>one of seven. All of these things together point to

0:41:01.880 --> 0:41:04.759
<v Speaker 2>the exact same problem. You have that and you have

0:41:05.120 --> 0:41:08.279
<v Speaker 2>political unrest in Europe. You have the Brits going to

0:41:08.280 --> 0:41:10.920
<v Speaker 2>the polls tomorrow, You've already got the French going in

0:41:10.960 --> 0:41:15.480
<v Speaker 2>the midst of an election. Like the fiction that German

0:41:15.560 --> 0:41:22.520
<v Speaker 2>buns are less risky than American treasuries is ludicrous. It's

0:41:23.160 --> 0:41:25.319
<v Speaker 2>bald face the ludicrous on the face of it. And

0:41:25.360 --> 0:41:28.360
<v Speaker 2>the only reason it's we still accept it is because

0:41:29.520 --> 0:41:33.200
<v Speaker 2>everybody other than Powell, and to a lesser extent, the

0:41:33.200 --> 0:41:37.520
<v Speaker 2>Bank of Japan have been lining up to prop up

0:41:37.640 --> 0:41:41.719
<v Speaker 2>this failing system known as the Euro and maybe they're

0:41:41.760 --> 0:41:43.759
<v Speaker 2>doing it for their own reasons. Maybe that's why the

0:41:43.840 --> 0:41:46.759
<v Speaker 2>ricks Bank, you know, and Sweden cut interest rates. I

0:41:46.840 --> 0:41:48.960
<v Speaker 2>know why the Swiss National Bank cut interest rates because

0:41:49.000 --> 0:41:51.880
<v Speaker 2>the Germans, because the bundes Bank told them to. Okay,

0:41:52.360 --> 0:41:55.640
<v Speaker 2>but when you when you see it this way, you

0:41:55.680 --> 0:41:59.319
<v Speaker 2>can't unsee it. And I think the way out of

0:41:59.360 --> 0:42:01.840
<v Speaker 2>this in the lad long run is a Trump restoration,

0:42:03.160 --> 0:42:05.200
<v Speaker 2>and that's again soil coin flip is the whether he

0:42:05.239 --> 0:42:11.600
<v Speaker 2>makes it to January twentieth or whatever, and a reworking

0:42:11.600 --> 0:42:14.480
<v Speaker 2>at the Federal Reserve Board or the Treasury end or

0:42:14.520 --> 0:42:20.000
<v Speaker 2>the Treasury Department such that gold gets remonetized, and that's

0:42:20.040 --> 0:42:23.040
<v Speaker 2>what's coming. What's gonna come is we are going to

0:42:23.160 --> 0:42:26.200
<v Speaker 2>use the gold reserves as a means by which to

0:42:26.200 --> 0:42:30.560
<v Speaker 2>bring the debt to GDP ratio down nominally. I want

0:42:30.560 --> 0:42:34.440
<v Speaker 2>to remind everybody one hundred and six percent, that's nice, pikers,

0:42:34.440 --> 0:42:37.719
<v Speaker 2>compared to what we did during World War Two. We

0:42:37.760 --> 0:42:39.440
<v Speaker 2>walked out of World War two with a two hundred

0:42:39.440 --> 0:42:42.440
<v Speaker 2>and twenty percent debt to GDP ratio and Institute of

0:42:42.440 --> 0:42:43.520
<v Speaker 2>Bretton Woods.

0:42:44.280 --> 0:42:47.440
<v Speaker 1>We were also on a equity based monetary system and

0:42:47.440 --> 0:42:49.239
<v Speaker 1>on a debt based monetary system.

0:42:50.080 --> 0:42:54.120
<v Speaker 2>Well kind of we were again exactly, we were on

0:42:54.160 --> 0:42:56.960
<v Speaker 2>a gold based monetary system where gold was trading around

0:42:56.960 --> 0:42:59.200
<v Speaker 2>the world at thirty five hours an hours, which was

0:42:59.239 --> 0:43:06.200
<v Speaker 2>a completely lot. So what happened over priced dollars relative

0:43:06.239 --> 0:43:10.040
<v Speaker 2>to everybody else went out into the world to rebuild

0:43:10.040 --> 0:43:11.840
<v Speaker 2>the world after World War two, which is actually what

0:43:11.920 --> 0:43:14.880
<v Speaker 2>built the American Empire. It's what killed our trade deficit

0:43:14.920 --> 0:43:17.440
<v Speaker 2>with Europe, killed our trade surplus with Europe. It caused

0:43:17.440 --> 0:43:20.399
<v Speaker 2>the gold window to be closed in nineteen seventy one.

0:43:21.160 --> 0:43:25.719
<v Speaker 2>It was brilliant. It was an actually brilliant long term

0:43:25.719 --> 0:43:29.240
<v Speaker 2>play by the European globalist to suck all the capitol

0:43:29.280 --> 0:43:31.920
<v Speaker 2>back out of the United States back into Europe. And

0:43:32.080 --> 0:43:33.920
<v Speaker 2>it's worked perfectly. And they thought they were going to

0:43:33.920 --> 0:43:35.920
<v Speaker 2>be able to then keep control of that all reserve

0:43:36.600 --> 0:43:39.360
<v Speaker 2>and keep live or in place, and keep pricing dollars

0:43:39.560 --> 0:43:41.719
<v Speaker 2>to their advantage as opposed to ours, and eventually take

0:43:41.800 --> 0:43:46.640
<v Speaker 2>us over. And we said no, and that's where we are.

0:43:47.040 --> 0:43:49.200
<v Speaker 2>And then you know, now it's just a matter of

0:43:49.200 --> 0:43:51.799
<v Speaker 2>fighting as to who's going to win. Because if we

0:43:51.880 --> 0:43:53.919
<v Speaker 2>don't do this, Mark, and this is the last point,

0:43:53.960 --> 0:43:56.360
<v Speaker 2>and I'll turn the microphone back over. If we don't

0:43:56.400 --> 0:43:58.960
<v Speaker 2>do this, the bricks are going to do it anyway,

0:43:59.000 --> 0:44:01.120
<v Speaker 2>and then we're screwed. And then we're going to be

0:44:01.200 --> 0:44:03.480
<v Speaker 2>forced to do it. So we can either lay the

0:44:03.480 --> 0:44:06.239
<v Speaker 2>ground foundation for it today, getting rid of Chevron, getting

0:44:06.320 --> 0:44:08.879
<v Speaker 2>rid of the SEC's ability to getting rid of all

0:44:08.880 --> 0:44:12.520
<v Speaker 2>of this stuff, and then going to Judy Shelton's gold

0:44:12.640 --> 0:44:16.920
<v Speaker 2>back treasury bonds or gold back tips, basically her plan,

0:44:17.160 --> 0:44:19.520
<v Speaker 2>which is what Trump wanted to do back in twenty seventeen.

0:44:19.600 --> 0:44:23.640
<v Speaker 2>I got blocked by Kamala Harris and John McCain who

0:44:23.719 --> 0:44:27.160
<v Speaker 2>high fived on the Senate for to block her nomination

0:44:27.760 --> 0:44:32.640
<v Speaker 2>to the Federal Reserve Board. If we I've talked about

0:44:32.680 --> 0:44:37.480
<v Speaker 2>this many many times, If we if that's what's in process,

0:44:37.520 --> 0:44:41.120
<v Speaker 2>it's out there. Shelton's already talking about this like no, no, no,

0:44:41.400 --> 0:44:43.920
<v Speaker 2>not twenty twenty four, twenty twenty six, We're going to

0:44:44.000 --> 0:44:49.000
<v Speaker 2>do this. Like the evidence, the circumstantial evidence is all

0:44:49.040 --> 0:44:51.359
<v Speaker 2>there that this is all going to get done, because

0:44:51.400 --> 0:44:54.239
<v Speaker 2>if we don't do it, when Mbridge gets turned on

0:44:54.440 --> 0:44:57.040
<v Speaker 2>and the bricks and the bricks institute, the unit and

0:44:57.080 --> 0:44:59.719
<v Speaker 2>all this other stuff, once that happened, they're not going

0:44:59.800 --> 0:45:02.920
<v Speaker 2>to be able to hold the gold price down. The

0:45:02.920 --> 0:45:04.759
<v Speaker 2>gold price is going to go to seven eight nine

0:45:04.760 --> 0:45:07.040
<v Speaker 2>thousand dollars an ounce over the course of the next decade,

0:45:07.440 --> 0:45:11.160
<v Speaker 2>and that is going to change our relationship of the

0:45:11.160 --> 0:45:13.439
<v Speaker 2>size of the Fed's balance sheet relative to its hard

0:45:13.480 --> 0:45:18.200
<v Speaker 2>asset pool. And I firmly believe that we'll wind up

0:45:18.239 --> 0:45:21.560
<v Speaker 2>in some kind of negotiated settlement and the world breaking

0:45:21.600 --> 0:45:25.880
<v Speaker 2>off into blocks and domestic versus international versions of the

0:45:25.920 --> 0:45:28.400
<v Speaker 2>currencies similar to the yu won everybody's going to go

0:45:28.440 --> 0:45:30.000
<v Speaker 2>to the yuan model. By the time this is over,

0:45:30.040 --> 0:45:32.000
<v Speaker 2>by the way, and then the Europeans are the ones

0:45:32.040 --> 0:45:34.520
<v Speaker 2>who are desperately trying to stop this from happening because

0:45:34.520 --> 0:45:38.080
<v Speaker 2>they understand the having the forcing the world in an

0:45:38.080 --> 0:45:43.759
<v Speaker 2>open capital account with them controlling the primary central bank

0:45:43.760 --> 0:45:49.440
<v Speaker 2>that issues the reserve currency is their superpower. They ran

0:45:49.480 --> 0:45:52.040
<v Speaker 2>it with the Brits, they ran it with us, and

0:45:52.080 --> 0:45:55.360
<v Speaker 2>they want to run it with Europe through the IMF

0:45:55.480 --> 0:45:59.200
<v Speaker 2>and the UN and it's not going to happen. The

0:45:59.200 --> 0:46:02.080
<v Speaker 2>bricks have already walked away from this in the United States,

0:46:02.120 --> 0:46:04.560
<v Speaker 2>and there's there are powerful forces when the United States

0:46:04.600 --> 0:46:07.160
<v Speaker 2>are setting things up to walk away from this as well,

0:46:07.280 --> 0:46:09.040
<v Speaker 2>and all that has to happen that we get political

0:46:09.040 --> 0:46:11.080
<v Speaker 2>control over the United States and we stay out of

0:46:11.080 --> 0:46:12.000
<v Speaker 2>World War three.

0:46:12.360 --> 0:46:15.239
<v Speaker 1>That's interesting that you throw that out there, and I

0:46:15.600 --> 0:46:18.080
<v Speaker 1>want to have you walk us through mechanically how that

0:46:18.120 --> 0:46:19.720
<v Speaker 1>would work. But just to kind of set the stage

0:46:19.719 --> 0:46:22.680
<v Speaker 1>for this, you've mentioned that we're either going to do

0:46:22.719 --> 0:46:24.960
<v Speaker 1>it first or we're going to do it later, and

0:46:25.040 --> 0:46:27.040
<v Speaker 1>so kind of set the stage for this. I've been

0:46:27.040 --> 0:46:30.080
<v Speaker 1>following Luke Grammin's work for a long time and he

0:46:30.160 --> 0:46:34.239
<v Speaker 1>talks about this quite often and and basically what we're

0:46:34.239 --> 0:46:38.480
<v Speaker 1>seeing is this is already happening through and especially the

0:46:38.480 --> 0:46:40.840
<v Speaker 1>big news about Saudi Arabia and whatever, the end of

0:46:40.880 --> 0:46:43.480
<v Speaker 1>the petro dollar, whatever it is that they're doing, certainly

0:46:43.520 --> 0:46:46.880
<v Speaker 1>moving to this m bridge product, this the CBDC bridge,

0:46:46.880 --> 0:46:50.720
<v Speaker 1>if you will, which circumvents the entire you know, dollar,

0:46:50.800 --> 0:46:53.839
<v Speaker 1>swift system, the correspondent banking system, all these things. Why

0:46:54.080 --> 0:46:56.680
<v Speaker 1>people say the dollar can't be replaced, Well, it can't

0:46:56.680 --> 0:46:59.239
<v Speaker 1>be replaced easily because of the corresponded banks and the

0:46:59.280 --> 0:47:01.560
<v Speaker 1>swift system. But we could just build a new system

0:47:01.760 --> 0:47:03.400
<v Speaker 1>that doesn't require that, and that's sort of what this

0:47:03.520 --> 0:47:06.640
<v Speaker 1>m bridge is. But what China's doing is then allowing

0:47:06.719 --> 0:47:10.239
<v Speaker 1>sey Saudi Araba to trade in yuan and then recycle

0:47:10.320 --> 0:47:14.240
<v Speaker 1>those surpluses into gold through their gold markets, and that's

0:47:14.280 --> 0:47:16.760
<v Speaker 1>what's pushing the gold price up in the Shanghai markets,

0:47:16.800 --> 0:47:17.240
<v Speaker 1>et cetera.

0:47:17.640 --> 0:47:21.040
<v Speaker 2>Right, there's a lot, there's a lot to unpack. And

0:47:21.600 --> 0:47:25.040
<v Speaker 2>for those who have not followed the stuff that we've got,

0:47:25.160 --> 0:47:27.279
<v Speaker 2>Vince Launchi and I have done. Vince and I over

0:47:27.320 --> 0:47:31.000
<v Speaker 2>at vbl's Goaldfix have done a series of podcasts on

0:47:31.040 --> 0:47:33.880
<v Speaker 2>my podcast going over a lot of these things. So

0:47:33.960 --> 0:47:37.760
<v Speaker 2>I've got hours of content trying to explain this stuff

0:47:37.760 --> 0:47:39.480
<v Speaker 2>in mechanical terms, and we're not going to be able

0:47:39.520 --> 0:47:40.799
<v Speaker 2>to get unpack that all here.

0:47:40.960 --> 0:47:43.400
<v Speaker 1>I'm just yeah, let's just talk more mechanically as to

0:47:43.640 --> 0:47:45.600
<v Speaker 1>what the US would what it would look like for

0:47:45.640 --> 0:47:48.880
<v Speaker 1>the US to actually remonetize gold. What would that look like?

0:47:49.160 --> 0:47:52.480
<v Speaker 2>Right, Well, it would look like the way I just

0:47:52.520 --> 0:47:56.040
<v Speaker 2>described it, which is that Shelton would Shelton's our argument

0:47:56.120 --> 0:48:02.200
<v Speaker 2>is that, look, we can offer a we can offer

0:48:02.239 --> 0:48:05.000
<v Speaker 2>a treasury bond redeemable and a certain percentage of gold

0:48:05.080 --> 0:48:07.320
<v Speaker 2>or completely in gold. And it could be a thirty

0:48:07.400 --> 0:48:09.360
<v Speaker 2>or fifty year tips. It doesn't have to be a

0:48:09.400 --> 0:48:11.400
<v Speaker 2>you know, a five or two that would be insane,

0:48:11.600 --> 0:48:15.280
<v Speaker 2>that would bankrupt the country. But you offer a long

0:48:15.400 --> 0:48:19.800
<v Speaker 2>dated treasury redeemable in treasury gold, either a five percent

0:48:19.880 --> 0:48:21.600
<v Speaker 2>or ten percent or one hundred percent or whatever. I

0:48:21.600 --> 0:48:23.320
<v Speaker 2>don't know what the what the market is going to

0:48:23.360 --> 0:48:25.839
<v Speaker 2>demand of us, Okay, I don't. I don't care about that.

0:48:26.000 --> 0:48:29.320
<v Speaker 2>I just know that if you offer a two percent

0:48:29.440 --> 0:48:33.120
<v Speaker 2>nomenal coupon, or even in Shelton's argument, you don't even

0:48:33.160 --> 0:48:35.480
<v Speaker 2>offer a coupon. You just say, look, we're gonna give

0:48:35.480 --> 0:48:37.920
<v Speaker 2>you we're gonna give you gold. We're going to it's

0:48:37.960 --> 0:48:39.640
<v Speaker 2>a promise to pay you gold. I don't think that

0:48:39.719 --> 0:48:41.200
<v Speaker 2>would fly with the market. I think you've got to

0:48:41.200 --> 0:48:44.040
<v Speaker 2>offer at least a dollar base, a small dollar based

0:48:44.040 --> 0:48:47.440
<v Speaker 2>coupon payment to give people the cash flow that that

0:48:47.600 --> 0:48:52.839
<v Speaker 2>BONDMST investors would want. And then you know, some kind

0:48:52.840 --> 0:48:54.600
<v Speaker 2>of gold cover clause at the at the at the

0:48:54.640 --> 0:48:57.000
<v Speaker 2>back end, so that when you redeem the bond you

0:48:57.040 --> 0:48:59.000
<v Speaker 2>can take you know, you give the government ten thousand

0:48:59.040 --> 0:49:01.719
<v Speaker 2>dollars and and say ten percent of it is convertible

0:49:01.760 --> 0:49:05.440
<v Speaker 2>in the gold at the at maturation. Okay, great. That

0:49:05.480 --> 0:49:07.279
<v Speaker 2>means you're gonna get nine thousand dollars back on one

0:49:07.280 --> 0:49:12.000
<v Speaker 2>thousand dollars worth of goal. But at the same time,

0:49:12.080 --> 0:49:13.879
<v Speaker 2>the price of gold will have risen. You're gonna when

0:49:13.880 --> 0:49:15.880
<v Speaker 2>you execute the contract, you're gonna get x amount of

0:49:15.920 --> 0:49:18.960
<v Speaker 2>gold back at current prices. You're gonna get that at

0:49:19.000 --> 0:49:20.960
<v Speaker 2>the at the end. So if one thousand dollars of

0:49:21.000 --> 0:49:24.719
<v Speaker 2>gold is roughly say point four ounces, right, then you're

0:49:24.719 --> 0:49:26.759
<v Speaker 2>gonna get nine grand back plus point four ounces of

0:49:26.760 --> 0:49:28.919
<v Speaker 2>gold regardless of what the gold price is. The gold

0:49:28.920 --> 0:49:32.160
<v Speaker 2>price could be twenty thousand dollars an ounce at that point, right,

0:49:32.239 --> 0:49:35.520
<v Speaker 2>and so that adds to your effective bond heield. You

0:49:35.560 --> 0:49:37.319
<v Speaker 2>get say a one or two percent, Say you get

0:49:37.320 --> 0:49:40.120
<v Speaker 2>a two percent coupon rate in dollars payable and ten

0:49:40.120 --> 0:49:45.200
<v Speaker 2>percent gold after thirty years, you know, in actual gold today.

0:49:45.600 --> 0:49:49.560
<v Speaker 2>So you're selling the gold, right unless, of course, you

0:49:49.680 --> 0:49:53.279
<v Speaker 2>call those bonds in. You know, after you've repaired the

0:49:53.280 --> 0:49:55.120
<v Speaker 2>balance sheet. And how do you repair the balance sheet.

0:49:55.120 --> 0:49:56.759
<v Speaker 2>You repair the balance back on the price of gold

0:49:56.760 --> 0:49:58.759
<v Speaker 2>to go from twenty four hundred dollars ounce it's twenty

0:49:58.800 --> 0:50:00.920
<v Speaker 2>four thousand dollars an ounce. That's how you do it,

0:50:01.080 --> 0:50:03.680
<v Speaker 2>and you incentivize everybody to do it. So guess what

0:50:03.960 --> 0:50:06.040
<v Speaker 2>the Chinese are going to do this. The Chinese have

0:50:06.080 --> 0:50:08.640
<v Speaker 2>a massive ship pot of goal, so to the Russians,

0:50:08.640 --> 0:50:12.080
<v Speaker 2>by the way, so to the Turks, so to the Indians.

0:50:11.800 --> 0:50:14.720
<v Speaker 1>And they're they're already and they're it's in process.

0:50:14.440 --> 0:50:18.440
<v Speaker 2>Right there, and they're going to settle their internal trade

0:50:18.440 --> 0:50:22.080
<v Speaker 2>through mbridge in the unit with a forty percent gold back.

0:50:23.080 --> 0:50:25.600
<v Speaker 2>The unit is going to be forty percent gold back.

0:50:25.800 --> 0:50:29.080
<v Speaker 2>Forty freaking percent, not four percent like it is in

0:50:29.120 --> 0:50:31.960
<v Speaker 2>the United States or zero percent is in Canada in

0:50:32.280 --> 0:50:37.239
<v Speaker 2>the UK or five percent is this in in the EU?

0:50:38.000 --> 0:50:41.000
<v Speaker 2>And I'm using that that coverage rate versus M two.

0:50:41.120 --> 0:50:43.279
<v Speaker 2>By the way I'm saying is that like you know,

0:50:43.400 --> 0:50:45.840
<v Speaker 2>or even the Fed's balance sheet doesn't really matter, Like

0:50:45.880 --> 0:50:49.080
<v Speaker 2>they're kind of similar. So you they're going to be

0:50:49.120 --> 0:50:51.440
<v Speaker 2>at forty percent. Meaning what they're going to use the

0:50:51.560 --> 0:50:53.240
<v Speaker 2>unit for is it's not going to be a currency.

0:50:53.360 --> 0:50:55.719
<v Speaker 2>No one's going to trade in units. They're going to

0:50:55.760 --> 0:50:58.680
<v Speaker 2>trade in rupees and yuan and rubles and deer am

0:50:58.760 --> 0:51:00.960
<v Speaker 2>and all the you know, Saudi and all the rest

0:51:00.960 --> 0:51:04.479
<v Speaker 2>of it. But they're going to settle through mbridge their

0:51:04.560 --> 0:51:07.279
<v Speaker 2>trade in the units, and they're going to have and

0:51:07.320 --> 0:51:10.520
<v Speaker 2>they're going to note their trade balances and their accounting

0:51:10.560 --> 0:51:13.400
<v Speaker 2>will be done, and it'll just be a blockchain ledger,

0:51:14.160 --> 0:51:16.480
<v Speaker 2>just like a blockchain. Actually that's all a blockchain actually

0:51:16.520 --> 0:51:20.359
<v Speaker 2>is anyway, it's just a ledger and so for and

0:51:20.400 --> 0:51:23.440
<v Speaker 2>that's how they'll settle up their trade balances versus their

0:51:23.480 --> 0:51:26.920
<v Speaker 2>trade deficits, maybe on a quarterly or annual basis they

0:51:26.920 --> 0:51:29.239
<v Speaker 2>need to so at the end of a year, you know,

0:51:29.280 --> 0:51:32.160
<v Speaker 2>India owes Russia fifty tons of gold and then fifty

0:51:32.200 --> 0:51:33.600
<v Speaker 2>tons of gold because it is on a freaking ship

0:51:33.680 --> 0:51:35.400
<v Speaker 2>or a plane and goes to the and go and

0:51:35.440 --> 0:51:37.480
<v Speaker 2>get sent to Moscow. But they don't settle up on

0:51:37.480 --> 0:51:40.480
<v Speaker 2>a daily basis with this, okay, and then it's under

0:51:40.800 --> 0:51:45.200
<v Speaker 2>it's in India's best interest at that point too, if

0:51:45.200 --> 0:51:47.560
<v Speaker 2>they don't want the gold to leave to invest in

0:51:47.640 --> 0:51:49.800
<v Speaker 2>Russia in such a way that they, you know, the

0:51:49.960 --> 0:51:55.439
<v Speaker 2>route ruble internal trade is closer to balance, and it's

0:51:55.480 --> 0:51:59.560
<v Speaker 2>going to enforce a kind of trade discipline that we

0:51:59.600 --> 0:52:03.480
<v Speaker 2>should and they're gonna do that. It's happening now. In

0:52:03.600 --> 0:52:06.080
<v Speaker 2>order for that to happen, they will need a lot

0:52:06.120 --> 0:52:09.080
<v Speaker 2>more liquidity in the gold market than they currently have.

0:52:09.400 --> 0:52:12.359
<v Speaker 2>Twenty four hundred dollars an ounce is not enough even

0:52:12.400 --> 0:52:15.400
<v Speaker 2>at you know, even if the Chinese actually owned that

0:52:15.480 --> 0:52:18.040
<v Speaker 2>twenty thousand tons that Jim Rigards says they've had, or

0:52:18.120 --> 0:52:20.279
<v Speaker 2>the Russians have twenty thousand dons, which I believe, I'm

0:52:20.320 --> 0:52:24.640
<v Speaker 2>not disagreeing with Jim. Even if all that's true, they

0:52:24.719 --> 0:52:27.680
<v Speaker 2>still need you know, a three or four x the

0:52:27.680 --> 0:52:31.919
<v Speaker 2>gold price in the West, especially in Europe. I don't

0:52:31.920 --> 0:52:34.799
<v Speaker 2>think the feed is fighting the gold price anymore. Okay.

0:52:34.840 --> 0:52:37.360
<v Speaker 2>I don't think mister Slammy works in New York anymore.

0:52:37.400 --> 0:52:40.799
<v Speaker 2>I think he works in Frankfurt. Okay, And I'll tell

0:52:40.840 --> 0:52:45.480
<v Speaker 2>you why I watched the I watched the gold No. Well,

0:52:45.680 --> 0:52:48.160
<v Speaker 2>mister Slammy being the guy who comes in and beats

0:52:48.160 --> 0:52:50.960
<v Speaker 2>on the price, beats on the overhead. My friend Eric

0:52:51.000 --> 0:52:53.480
<v Speaker 2>youung On On on Twitter calls him mister Slammy, and

0:52:53.520 --> 0:52:56.239
<v Speaker 2>I think it's hilarious and it's a great description. But

0:52:56.400 --> 0:52:58.319
<v Speaker 2>where you know, all of a sudden, like you know,

0:52:58.920 --> 0:53:01.680
<v Speaker 2>sixty million tons silver drop on the market in five minutes,

0:53:01.719 --> 0:53:05.080
<v Speaker 2>that's mister Slammy. Mister Slammy used to show up at

0:53:05.120 --> 0:53:07.960
<v Speaker 2>eight thirty like cockwork in New York during the last

0:53:08.000 --> 0:53:11.680
<v Speaker 2>gold bull market, and certainly during the BERNACKI fellon, yelling

0:53:11.800 --> 0:53:17.160
<v Speaker 2>you fellon that's a great before it had slipped. I'm sorry,

0:53:18.200 --> 0:53:20.600
<v Speaker 2>so the Bernanchi fell in years. I'm going to use

0:53:20.600 --> 0:53:23.840
<v Speaker 2>that from here on out. Mister Slammy would show up

0:53:23.840 --> 0:53:26.879
<v Speaker 2>at eight thirty like conckwork, like during the Asian trade,

0:53:26.920 --> 0:53:29.200
<v Speaker 2>gold would be up, would be kind of wander around.

0:53:29.280 --> 0:53:31.120
<v Speaker 2>During the European trade, no one really cared, and an

0:53:31.120 --> 0:53:33.320
<v Speaker 2>eight thirty would come in and the gold market and

0:53:33.320 --> 0:53:36.160
<v Speaker 2>the gold price would get bombed on whatever reason we

0:53:36.280 --> 0:53:41.279
<v Speaker 2>get bombed. And as Bill Murphy and the GADA guys,

0:53:41.280 --> 0:53:44.960
<v Speaker 2>Bill Murphy and Chris Powell worked out during that entire time.

0:53:45.000 --> 0:53:47.120
<v Speaker 2>They published a paper after the last gold bull market

0:53:47.120 --> 0:53:48.799
<v Speaker 2>that if you sold the New York if you bought

0:53:48.800 --> 0:53:51.240
<v Speaker 2>the New York Open and sold the New York clothes

0:53:51.239 --> 0:53:53.360
<v Speaker 2>from the beginning of the gold bull market to the

0:53:53.360 --> 0:53:55.600
<v Speaker 2>peak of twenty eleven, you had a lost seventy percent

0:53:55.600 --> 0:53:58.160
<v Speaker 2>of your money, even though gold went up six percent,

0:53:58.920 --> 0:54:03.720
<v Speaker 2>because that's how powerful the New York bearish internal daily

0:54:03.760 --> 0:54:07.839
<v Speaker 2>trade was. Now I'm seeing that same trade starting at

0:54:07.880 --> 0:54:12.160
<v Speaker 2>three am. What's three am, Well, three am New York

0:54:12.200 --> 0:54:15.880
<v Speaker 2>time is Europe. It's the European opener. Three or two

0:54:15.920 --> 0:54:19.040
<v Speaker 2>o'clock is the European open. And then you see gold,

0:54:19.160 --> 0:54:23.759
<v Speaker 2>you see US treasury bonds get bid, you see you

0:54:23.800 --> 0:54:27.080
<v Speaker 2>see all sorts of pinky stuff happening. And then eight

0:54:27.200 --> 0:54:29.920
<v Speaker 2>thirty happens. The New York markets start to open. Gold

0:54:29.960 --> 0:54:32.920
<v Speaker 2>and silver catch a bid, oil catches a bid. People

0:54:32.960 --> 0:54:35.040
<v Speaker 2>start selling treasuries again, and they're like, what in the

0:54:35.080 --> 0:54:38.640
<v Speaker 2>hell is going on here? It's clearly leguard running and

0:54:39.400 --> 0:54:43.880
<v Speaker 2>others running an operation there. Mister Slammy, Now this is

0:54:43.880 --> 0:54:46.680
<v Speaker 2>not to say that at particular times during the month,

0:54:47.200 --> 0:54:49.120
<v Speaker 2>end of the quarter, when or end of the month,

0:54:49.160 --> 0:54:52.600
<v Speaker 2>when you know options on op X and futures futures,

0:54:52.600 --> 0:54:55.440
<v Speaker 2>options on futures expiration that mister Slammy doesn't come out

0:54:55.440 --> 0:54:58.480
<v Speaker 2>in New York. He does, but it's not the Fed

0:54:58.560 --> 0:55:01.279
<v Speaker 2>anymore doing it. It may be a bullion bank that's

0:55:01.320 --> 0:55:04.120
<v Speaker 2>in trouble, it may be BofA, it may be JP Morgan,

0:55:04.560 --> 0:55:08.800
<v Speaker 2>but it's not the Fed. The Fed is setting everything

0:55:08.880 --> 0:55:12.959
<v Speaker 2>up for a return of a remodernization of gold. They're

0:55:13.200 --> 0:55:15.359
<v Speaker 2>gonna allow the price of goal to rise a couple

0:55:15.400 --> 0:55:18.120
<v Speaker 2>hundred dollars here and then we'll go up two hundred

0:55:18.160 --> 0:55:19.759
<v Speaker 2>bucks and then down one hundred and up two hundred

0:55:19.760 --> 0:55:21.800
<v Speaker 2>bucks and down. And you see, this is what's happening

0:55:22.640 --> 0:55:25.719
<v Speaker 2>China is the demand out of China is enforcing a

0:55:25.760 --> 0:55:29.000
<v Speaker 2>massive arbitrage on a daily basis between Shanghai price and

0:55:29.040 --> 0:55:31.239
<v Speaker 2>the New York and the London price, anywhere from five

0:55:31.280 --> 0:55:34.120
<v Speaker 2>to thirty dollars on any given day. If that doesn't close,

0:55:34.120 --> 0:55:36.239
<v Speaker 2>that's because they can't source the physical gold. My friend

0:55:36.320 --> 0:55:42.759
<v Speaker 2>Vinjelachi has gone about at length on multiple podcasts, not

0:55:42.840 --> 0:55:46.200
<v Speaker 2>just mine but Arcadie Economics Palisadsville Radio. Vince has been

0:55:46.200 --> 0:55:48.560
<v Speaker 2>doing the rounds. He's been doing a great job so

0:55:49.800 --> 0:55:52.600
<v Speaker 2>understanding the mechanics of this. The Fed, I don't think,

0:55:52.680 --> 0:55:55.680
<v Speaker 2>wants a lower gold price anymore. They're not trying to worry.

0:55:55.719 --> 0:55:59.359
<v Speaker 2>They're not worried that the dollar is being embarrassed by

0:55:59.400 --> 0:56:01.520
<v Speaker 2>a rising gold price. They're actually worried about the dollar

0:56:01.600 --> 0:56:04.080
<v Speaker 2>rising too far, too fast while they hold interest rates

0:56:04.120 --> 0:56:07.120
<v Speaker 2>high because it's setting up capital in flight into the

0:56:07.200 --> 0:56:10.839
<v Speaker 2>United States. So letting the gold price rise actually helps

0:56:10.920 --> 0:56:15.320
<v Speaker 2>blunt and allow the strengthening of the dollar to happen,

0:56:15.360 --> 0:56:20.640
<v Speaker 2>which has been happening, to happen more manageably at the

0:56:20.680 --> 0:56:24.000
<v Speaker 2>same time, so that that's happening over there. Who's the

0:56:24.000 --> 0:56:28.000
<v Speaker 2>one that doesn't want to rise in gold price? Europe? Why?

0:56:28.160 --> 0:56:30.759
<v Speaker 2>And it has not. Europe should want the exact same thing,

0:56:30.800 --> 0:56:33.839
<v Speaker 2>because they've got twelve thousand tons of gold, they've got

0:56:34.120 --> 0:56:38.760
<v Speaker 2>an unsustainable debt situation, their central banks are all underwater.

0:56:38.760 --> 0:56:40.560
<v Speaker 2>They should want the same thing the Fed does, but

0:56:40.600 --> 0:56:43.560
<v Speaker 2>they don't. And the reason they don't is because they

0:56:43.600 --> 0:56:46.680
<v Speaker 2>are truly the colonialist powers of old that they've always

0:56:46.719 --> 0:56:51.880
<v Speaker 2>been listen to them politically, Mark, this is so very important.

0:56:52.000 --> 0:56:55.440
<v Speaker 2>They're the ones pushing for war with Russia. They're the

0:56:55.520 --> 0:56:59.000
<v Speaker 2>ones putting the Estonian Prime Minister in as the top

0:56:59.000 --> 0:57:02.440
<v Speaker 2>diplomat who wants Russia destroyed, humiliated and broken up into

0:57:02.440 --> 0:57:04.960
<v Speaker 2>two hundred countries. They put Ursula Vanderland and you all

0:57:04.960 --> 0:57:08.840
<v Speaker 2>freaking Nazi they kept her in charge. Why all the

0:57:08.880 --> 0:57:11.880
<v Speaker 2>warmongers are in Europe. They're the ones all pushing to

0:57:11.960 --> 0:57:19.120
<v Speaker 2>create a new effectively like maginal line on the an

0:57:19.160 --> 0:57:23.040
<v Speaker 2>eastern border between Poland and Baylor, US and Ukraine. They're

0:57:23.040 --> 0:57:25.000
<v Speaker 2>the ones pushing for this. They're the ones trying to

0:57:25.000 --> 0:57:28.200
<v Speaker 2>put as many trip wires in place, including the Brits,

0:57:28.200 --> 0:57:31.160
<v Speaker 2>in place, in order to force NATO in the US

0:57:31.200 --> 0:57:34.439
<v Speaker 2>to come to their aid after they picked a war

0:57:34.840 --> 0:57:37.880
<v Speaker 2>ground war with Russia. Why because they expect the United

0:57:37.880 --> 0:57:40.840
<v Speaker 2>States to come in beat Russia and then they get

0:57:40.880 --> 0:57:42.919
<v Speaker 2>to run the exact same plan that they ran after

0:57:42.960 --> 0:57:45.800
<v Speaker 2>World War One and World War Two, which is, if

0:57:45.840 --> 0:57:49.080
<v Speaker 2>you keep the price of gold down and you humiliate Russia,

0:57:49.280 --> 0:57:53.120
<v Speaker 2>then you can impose unbelievable reparations on them. Listen to

0:57:53.160 --> 0:57:55.640
<v Speaker 2>what they say. Russia has to pay for the rebuilding

0:57:55.640 --> 0:57:57.840
<v Speaker 2>of Ukraine. Russia has to pay for this. Russia has

0:57:57.880 --> 0:57:59.880
<v Speaker 2>to pay for this. Russia is wrong. Russia is gonna

0:57:59.880 --> 0:58:02.360
<v Speaker 2>pay pay, pay, pay, pay pay. It's no different than

0:58:02.400 --> 0:58:04.720
<v Speaker 2>what fucking Churchill did after World War One. And it's

0:58:04.720 --> 0:58:07.120
<v Speaker 2>no different what Dide what we did with Brett with

0:58:07.160 --> 0:58:10.880
<v Speaker 2>Breton Woods after World War two. You, after the war's over,

0:58:10.920 --> 0:58:14.360
<v Speaker 2>you re establish the market rate of gold at the

0:58:14.360 --> 0:58:20.640
<v Speaker 2>pre war rate and then impose reparations on the aggressive country,

0:58:20.680 --> 0:58:23.680
<v Speaker 2>the beaten country that has forced to pay back in

0:58:23.880 --> 0:58:28.560
<v Speaker 2>overvalued currency relative to their goal. It's exactly why they

0:58:28.560 --> 0:58:29.920
<v Speaker 2>want to set this up. So they don't want the

0:58:29.960 --> 0:58:32.880
<v Speaker 2>gold prices for five six, seven thousand dollars an ounce.

0:58:33.120 --> 0:58:35.160
<v Speaker 2>Russia would be able to pay those reparations even if

0:58:35.200 --> 0:58:38.400
<v Speaker 2>they lost the war. They wanted a two thousand dollars

0:58:38.400 --> 0:58:41.040
<v Speaker 2>an ounce because they want Russia to pay, and they

0:58:41.120 --> 0:58:44.800
<v Speaker 2>have not giving up this dream of extending their colonial

0:58:44.880 --> 0:58:47.560
<v Speaker 2>rule into the twenty first and twenty second century. This

0:58:47.600 --> 0:58:49.600
<v Speaker 2>is how they believe that they're going to beat us

0:58:49.760 --> 0:58:52.800
<v Speaker 2>and impose all of this stupid CBDCs and all the

0:58:52.880 --> 0:58:56.120
<v Speaker 2>rest of their their minority report with more Germans. They're

0:58:56.160 --> 0:58:58.000
<v Speaker 2>convinced to this. It's still up in the GANT chart

0:58:58.040 --> 0:59:01.000
<v Speaker 2>at fucking Globalist Central. It's city. You're right there and

0:59:01.040 --> 0:59:04.280
<v Speaker 2>you watch them every day run the gam chart and

0:59:04.640 --> 0:59:06.720
<v Speaker 2>they don't realize that they're losing. Going all the way

0:59:06.720 --> 0:59:08.600
<v Speaker 2>back to what we talked about the being in this conversation,

0:59:09.160 --> 0:59:12.479
<v Speaker 2>So that's the layout, and now we just talk about,

0:59:12.520 --> 0:59:14.120
<v Speaker 2>you know how they're going to lose, because they are

0:59:14.120 --> 0:59:14.640
<v Speaker 2>going to lose.

0:59:15.440 --> 0:59:17.720
<v Speaker 1>Well, we're certainly seeing kind of back to the points

0:59:17.760 --> 0:59:20.240
<v Speaker 1>that we both made earlier about sort of the rise

0:59:20.400 --> 0:59:22.760
<v Speaker 1>or globalism fault starting to crack, starting to fall apart,

0:59:22.760 --> 0:59:25.440
<v Speaker 1>the WEF Klaus Schwab starting to fall apart, and really

0:59:25.720 --> 0:59:28.400
<v Speaker 1>all across the world we see this whatever I hate

0:59:28.440 --> 0:59:31.360
<v Speaker 1>these labels, but for using their terms, this right wing

0:59:31.480 --> 0:59:35.720
<v Speaker 1>wave sort of speak right where basically the people populism

0:59:35.840 --> 0:59:38.240
<v Speaker 1>whatever you want to call it, nationalism. You know, they're

0:59:38.280 --> 0:59:41.520
<v Speaker 1>done with the immigration, they're done with these environmental things,

0:59:41.520 --> 0:59:43.280
<v Speaker 1>like the people are just done with this. So the

0:59:43.320 --> 0:59:45.640
<v Speaker 1>appetite is changing really quick if and they can't get

0:59:45.680 --> 0:59:49.280
<v Speaker 1>the censorship in fast enough to kind of quell that.

0:59:49.400 --> 0:59:51.840
<v Speaker 1>If you will, I want to kind of start wrapping

0:59:51.840 --> 0:59:54.240
<v Speaker 1>this up, but let me just ask another question. So

0:59:55.120 --> 0:59:58.960
<v Speaker 1>that's an interesting take, and I love it so remonetizing gold.

0:59:59.320 --> 1:00:01.200
<v Speaker 1>The US may want to do that because they realize

1:00:01.240 --> 1:00:03.880
<v Speaker 1>it's inevitable, which we've already discussed, and I agree it's

1:00:04.000 --> 1:00:07.480
<v Speaker 1>already happening. And even if Russia goes down, it doesn't

1:00:07.520 --> 1:00:10.880
<v Speaker 1>stop China and the bricks from doing it, although, but

1:00:11.120 --> 1:00:16.160
<v Speaker 1>potentially taking down if they if they take down, if

1:00:16.200 --> 1:00:17.760
<v Speaker 1>they take Russia down, they kind of put China in

1:00:17.800 --> 1:00:19.800
<v Speaker 1>their place. Maybe that might be a goal.

1:00:20.760 --> 1:00:22.680
<v Speaker 2>That is that, that is there, that is their thinking.

1:00:22.800 --> 1:00:24.840
<v Speaker 2>And I will say that moreover it because I know

1:00:24.920 --> 1:00:26.880
<v Speaker 2>this is primarily a bitcoin podcast, and I do want

1:00:26.880 --> 1:00:28.960
<v Speaker 2>to I want to. I want to want people to

1:00:29.000 --> 1:00:32.200
<v Speaker 2>understand I already believe that bitcoin is a tool of

1:00:32.200 --> 1:00:37.560
<v Speaker 2>the Feds, the Federal Reserve. I mean to underscore the

1:00:37.600 --> 1:00:39.680
<v Speaker 2>sofa and the treasury market. If you look at if

1:00:39.720 --> 1:00:43.240
<v Speaker 2>you're listening really carefully, you'll realize that. Look, I always

1:00:43.280 --> 1:00:46.480
<v Speaker 2>thought Teather was a scam years ago, but today I

1:00:46.480 --> 1:00:48.439
<v Speaker 2>don't think Tether is a scam. I think Teather works

1:00:48.480 --> 1:00:51.720
<v Speaker 2>for the Federal Reserve to liquefy the bitcoin market to

1:00:52.040 --> 1:00:54.600
<v Speaker 2>create the kind of liquidity necessary to keep bitcoin trading

1:00:54.640 --> 1:00:58.240
<v Speaker 2>properly and to provide a hot money sink and marginal

1:00:58.360 --> 1:01:01.440
<v Speaker 2>flow into and out of the US treasury market. I

1:01:01.520 --> 1:01:04.720
<v Speaker 2>think it's a very important thing. Tether now holds one

1:01:04.760 --> 1:01:06.960
<v Speaker 2>hundred and ten billion dollars with their US treasuries. Yeah.

1:01:07.040 --> 1:01:09.080
<v Speaker 2>I don't haven't looked at Teather's market cap recently, but

1:01:09.120 --> 1:01:11.479
<v Speaker 2>it's big well, and most of it is being held

1:01:11.480 --> 1:01:12.440
<v Speaker 2>in short term For the.

1:01:12.440 --> 1:01:15.560
<v Speaker 1>US dollar stable coin is certainly a way to spread

1:01:15.600 --> 1:01:17.840
<v Speaker 1>the strength of the US dollar across the world.

1:01:18.880 --> 1:01:21.080
<v Speaker 2>Uh, you know, so a lot of maintain it, well,

1:01:21.120 --> 1:01:23.200
<v Speaker 2>I would say it. Maintain it. Let's just let's see, okay,

1:01:23.200 --> 1:01:23.640
<v Speaker 2>maintain it.

1:01:23.680 --> 1:01:25.920
<v Speaker 1>Well, you have a lot of people in these countries

1:01:26.000 --> 1:01:27.840
<v Speaker 1>dealing with high inflation that aren't able to get to

1:01:27.920 --> 1:01:29.760
<v Speaker 1>actual US dollars, but they can get the US dollar

1:01:29.760 --> 1:01:31.880
<v Speaker 1>stable coins. And so we're starting to see the US

1:01:31.960 --> 1:01:34.120
<v Speaker 1>dollar stable coins kind of filling in the blanks to

1:01:34.160 --> 1:01:36.720
<v Speaker 1>where the US dollars aren't able to get to, if

1:01:36.760 --> 1:01:38.080
<v Speaker 1>you will, and then and then to the point that

1:01:38.120 --> 1:01:40.080
<v Speaker 1>you're making then those US dollars stable coins then get

1:01:40.080 --> 1:01:42.560
<v Speaker 1>parked in treasuries. Uh, pretty pretty good deal.

1:01:42.640 --> 1:01:45.280
<v Speaker 2>Well, actually, now that you say that, Mark, that's actually

1:01:45.320 --> 1:01:47.960
<v Speaker 2>a really really good point, and I'm glad you brought

1:01:47.960 --> 1:01:49.800
<v Speaker 2>it up because it just popped into my head. Oh,

1:01:49.840 --> 1:01:51.480
<v Speaker 2>that's what the international version of the dollars is going

1:01:51.520 --> 1:01:54.240
<v Speaker 2>to look like. It's gonna be tether. Yeah, the domestic

1:01:54.240 --> 1:01:55.640
<v Speaker 2>dollar is going to be the dollar that you and

1:01:55.680 --> 1:01:58.480
<v Speaker 2>I use on our daily basis, and eventually we're gonna

1:01:58.480 --> 1:02:01.720
<v Speaker 2>wind up with some version of Heather being the international

1:02:01.960 --> 1:02:06.480
<v Speaker 2>the euro dollar dollars sell. Yeah, the euro dollar and

1:02:06.520 --> 1:02:08.480
<v Speaker 2>it's but it's going to be completely out of control

1:02:08.560 --> 1:02:10.000
<v Speaker 2>of City of Alongain.

1:02:10.560 --> 1:02:12.560
<v Speaker 1>So I'm just kind of going back to this. So

1:02:13.560 --> 1:02:16.200
<v Speaker 1>in order for this to work, in order for the

1:02:16.280 --> 1:02:20.080
<v Speaker 1>US to sort of preempt this move remonetizing gold, if

1:02:20.320 --> 1:02:22.720
<v Speaker 1>like I said, it's already happening, Uh, does us want

1:02:22.720 --> 1:02:24.720
<v Speaker 1>to do it before or after? Is kind of the question.

1:02:25.440 --> 1:02:27.880
<v Speaker 1>And so I think in order to kind of in

1:02:27.960 --> 1:02:29.720
<v Speaker 1>order for this to work out the way that you're

1:02:29.800 --> 1:02:34.200
<v Speaker 1>kind of framing it, then Trump has to win if

1:02:34.240 --> 1:02:37.200
<v Speaker 1>the if the Democrats are able to hold onto power,

1:02:37.280 --> 1:02:40.040
<v Speaker 1>then this then uh. And and to frame it up

1:02:40.080 --> 1:02:42.800
<v Speaker 1>and putting words in your mouth but from our previous conversations,

1:02:43.120 --> 1:02:45.680
<v Speaker 1>some of the people inside the US government are part

1:02:45.680 --> 1:02:48.720
<v Speaker 1>of the Eurozone. So the Biden administration, right, and so

1:02:49.240 --> 1:02:51.840
<v Speaker 1>the goal of the Eurozone with the Bide administration is

1:02:51.960 --> 1:02:54.880
<v Speaker 1>just keep the Democrat Party in power. If Trump gets

1:02:54.880 --> 1:02:57.560
<v Speaker 1>into power, then you think this remondtization of gold happens.

1:02:57.720 --> 1:03:00.800
<v Speaker 1>If it doesn't happen, then this all star to fall apart.

1:03:01.720 --> 1:03:04.520
<v Speaker 2>Well, what will happen then is that the country will

1:03:04.560 --> 1:03:08.040
<v Speaker 2>have to break up. And then they win anyway, because

1:03:08.080 --> 1:03:10.040
<v Speaker 2>then what they get is the fracturing of the US

1:03:10.120 --> 1:03:13.160
<v Speaker 2>treasury market. Who's responsible for the dead of Florida and

1:03:13.200 --> 1:03:14.960
<v Speaker 2>Texas and all the states in between.

1:03:15.040 --> 1:03:17.920
<v Speaker 1>Lee, Well, the red states are going to all be

1:03:18.360 --> 1:03:19.800
<v Speaker 1>and looking good in the blue states are all going

1:03:19.840 --> 1:03:20.400
<v Speaker 1>to be bankrupt.

1:03:21.280 --> 1:03:23.760
<v Speaker 2>Well, but that's the point. It isn't And if you're

1:03:23.840 --> 1:03:27.080
<v Speaker 2>and if you're just to use the phrase that everybody lives,

1:03:27.120 --> 1:03:30.000
<v Speaker 2>if you're a eure trash ship bag communist and you

1:03:30.040 --> 1:03:33.440
<v Speaker 2>don't want the and you don't want capital to flee

1:03:33.560 --> 1:03:37.160
<v Speaker 2>Europe under this scenario where the European Union is failing

1:03:37.200 --> 1:03:42.840
<v Speaker 2>politically and financially and morally and culturally and every other way,

1:03:43.480 --> 1:03:45.120
<v Speaker 2>and that's your job, and that's your goal, and that's

1:03:45.120 --> 1:03:47.720
<v Speaker 2>what's up on the charted global central Well then yeah,

1:03:47.760 --> 1:03:50.360
<v Speaker 2>then the ultimate target is the US treasury market. How

1:03:50.400 --> 1:03:54.640
<v Speaker 2>can you continue to push how can you continue to

1:03:54.760 --> 1:03:58.520
<v Speaker 2>undermine the validity of the US Treasury bond and the

1:03:58.720 --> 1:04:02.520
<v Speaker 2>and guarantee the coupon payments? Is the United States? Has

1:04:02.800 --> 1:04:05.880
<v Speaker 2>I've said it many times though, what's the United States superpower?

1:04:06.000 --> 1:04:08.880
<v Speaker 2>We've never defaulted on our debt? Well, I don't count

1:04:08.880 --> 1:04:12.680
<v Speaker 2>the Revolutionary War debt. Sorry I'm not going there, but

1:04:12.840 --> 1:04:16.280
<v Speaker 2>in modern times, we've never defaulted on debt. Europe's defaulted

1:04:16.320 --> 1:04:19.320
<v Speaker 2>on a debt many times. The Europe, the British of

1:04:19.360 --> 1:04:22.520
<v Speaker 2>issued consoles like they've all done it. They've all changed

1:04:22.520 --> 1:04:24.480
<v Speaker 2>the government and said, you know, that's it, We're done.

1:04:24.640 --> 1:04:26.640
<v Speaker 2>We don't honor those debts anymore.

1:04:27.040 --> 1:04:30.040
<v Speaker 1>Whereas not counting nineteen seventy one, obviously.

1:04:30.800 --> 1:04:33.600
<v Speaker 2>No, I'm not, because we didn't default on our debts.

1:04:33.600 --> 1:04:36.200
<v Speaker 2>We just decided to not pay them in dollars, pay

1:04:36.240 --> 1:04:39.040
<v Speaker 2>them and pay them in gold US treasure. We're talking

1:04:39.040 --> 1:04:42.400
<v Speaker 2>about treasury buns. We have never defaulted on our treasury bonds.

1:04:42.440 --> 1:04:47.320
<v Speaker 2>We've always paid the coupon payments. Okay, Now, whether we

1:04:47.560 --> 1:04:50.440
<v Speaker 2>whether the currency was, what the Kurment diustry was redeemable in,

1:04:50.480 --> 1:04:53.760
<v Speaker 2>and what those current treasury bonds meant and what they

1:04:53.760 --> 1:04:57.760
<v Speaker 2>were actually claimed for. Okay, fine, fair, you can argue

1:04:57.840 --> 1:05:01.160
<v Speaker 2>that point. But we've always from a mark player perspective,

1:05:01.240 --> 1:05:07.280
<v Speaker 2>we've always paid our debts. Now, if you break that

1:05:08.160 --> 1:05:11.640
<v Speaker 2>trust with the market, it's never coming back. And the current

1:05:11.680 --> 1:05:15.400
<v Speaker 2>situation with the current clown world thing happening on Capitol

1:05:15.480 --> 1:05:17.440
<v Speaker 2>Hill and all the and all of this stuff, it's

1:05:17.440 --> 1:05:21.640
<v Speaker 2>never coming back. So that can't happen. And that's why

1:05:21.680 --> 1:05:25.680
<v Speaker 2>they that's why they've pushed this secession arguments, why they

1:05:25.720 --> 1:05:28.800
<v Speaker 2>pushed this irreconcilable differences argument on us. And I got

1:05:28.800 --> 1:05:30.960
<v Speaker 2>news for you, dude. This is no different than what

1:05:31.040 --> 1:05:33.440
<v Speaker 2>they did in the twenty years leading up to the

1:05:33.480 --> 1:05:35.400
<v Speaker 2>war between the States, or what we got down here

1:05:35.400 --> 1:05:38.720
<v Speaker 2>in the South, like the call the recent unpleasantness. Okay,

1:05:39.040 --> 1:05:41.400
<v Speaker 2>this is what the British and the French did. They

1:05:42.200 --> 1:05:46.160
<v Speaker 2>they manipulated the freaking board to get the South and

1:05:46.200 --> 1:05:50.080
<v Speaker 2>the North to see themselves as mortal enemies when they

1:05:50.120 --> 1:05:52.720
<v Speaker 2>were the ones doing it, and they were the ones

1:05:52.760 --> 1:05:54.960
<v Speaker 2>with the treaties signed behind everybody's back, and how they

1:05:55.000 --> 1:05:57.040
<v Speaker 2>were going to carve the South up and everything else.

1:05:57.120 --> 1:05:59.760
<v Speaker 2>It was obvious what they were trying to do, and

1:06:00.160 --> 1:06:02.480
<v Speaker 2>it should be just as obvious to people today when

1:06:02.480 --> 1:06:04.440
<v Speaker 2>you see what they did. Go back and look at

1:06:04.480 --> 1:06:06.480
<v Speaker 2>that what was going on back then, and you'll see

1:06:06.480 --> 1:06:11.919
<v Speaker 2>the exact same thing happening today. And you know it's

1:06:11.920 --> 1:06:14.320
<v Speaker 2>who they are, it's what they've always done. Their history

1:06:14.400 --> 1:06:19.000
<v Speaker 2>is on this is very clear, very clear, and you

1:06:19.040 --> 1:06:22.360
<v Speaker 2>know it's how they operate, it's how they color. If

1:06:22.480 --> 1:06:26.440
<v Speaker 2>we have the superpower of having never really defaulted on

1:06:26.520 --> 1:06:31.280
<v Speaker 2>our debt, I'll use it. I'll qualify with really and

1:06:31.720 --> 1:06:35.400
<v Speaker 2>we have the best legal system for beginning, for starting

1:06:35.400 --> 1:06:37.320
<v Speaker 2>your government, for starting a business, i e. Were the

1:06:37.320 --> 1:06:41.520
<v Speaker 2>best offshore tax haven in the world, still right, and

1:06:41.600 --> 1:06:45.280
<v Speaker 2>all of those things right. If you undermine all of

1:06:45.280 --> 1:06:47.400
<v Speaker 2>that stuff, then we lose all of our superpowers. Well,

1:06:47.400 --> 1:06:50.640
<v Speaker 2>what's britain superpower? The Color Revolution. They've been doing it

1:06:50.640 --> 1:06:51.560
<v Speaker 2>for three hundred years.

1:06:51.440 --> 1:06:54.520
<v Speaker 1>Folks, superpower, But we got it from Britain.

1:06:54.600 --> 1:06:56.520
<v Speaker 2>No no, no, no, no no no no no no no no.

1:06:57.240 --> 1:07:01.080
<v Speaker 2>That is the that's the that is the lie. The

1:07:01.120 --> 1:07:04.240
<v Speaker 2>British have been doing this for three hundred years. They

1:07:04.360 --> 1:07:07.840
<v Speaker 2>taught it to us. They've been doing it forever. In

1:07:07.880 --> 1:07:11.360
<v Speaker 2>a day, I'm go back through British history. It's so

1:07:11.680 --> 1:07:17.160
<v Speaker 2>unbelievably clear. The British perfected the color Revolution model. They

1:07:17.200 --> 1:07:21.480
<v Speaker 2>sold it to us. And now we, as conscientious Americans

1:07:21.520 --> 1:07:25.240
<v Speaker 2>were ashamed of what our country has become, have grafted

1:07:25.280 --> 1:07:29.160
<v Speaker 2>that shame onto our own country forgetting the fact that yes,

1:07:29.240 --> 1:07:31.600
<v Speaker 2>that's absolutely correct, and you should feel shamed for what

1:07:31.640 --> 1:07:35.880
<v Speaker 2>we've become in many ways. But we don't have to

1:07:35.920 --> 1:07:41.120
<v Speaker 2>go there and that we didn't do. We're not blameless.

1:07:41.440 --> 1:07:45.400
<v Speaker 2>But we can reform. We know what to do. The

1:07:45.440 --> 1:07:47.840
<v Speaker 2>Constitution is stole the law. The Supreme Court just gave

1:07:47.920 --> 1:07:52.360
<v Speaker 2>us a whole bunch of decisions that put that took

1:07:52.360 --> 1:07:57.560
<v Speaker 2>power away from the administrative state. Yeah, let's do it now.

1:07:57.600 --> 1:07:59.120
<v Speaker 2>Are you gonna put your big boy pants on and

1:07:59.160 --> 1:08:00.360
<v Speaker 2>get the work done or are you going to sit

1:08:00.400 --> 1:08:01.120
<v Speaker 2>and complain about it?

1:08:01.120 --> 1:08:07.360
<v Speaker 1>That's my Pointyeah, So we have Globalism is cracking apart.

1:08:07.960 --> 1:08:10.960
<v Speaker 1>We see it from many standpoints. It's even shifting inside

1:08:10.960 --> 1:08:15.760
<v Speaker 1>the United States as well. And we are the US

1:08:15.800 --> 1:08:18.240
<v Speaker 1>either is going to return to gold before or after

1:08:18.280 --> 1:08:22.360
<v Speaker 1>the rest of the world. And if that doesn't happen

1:08:22.520 --> 1:08:25.280
<v Speaker 1>because of Trump losing the White House or the let's

1:08:25.320 --> 1:08:28.800
<v Speaker 1>just say the Democrats holding onto power, then civil war

1:08:28.880 --> 1:08:30.200
<v Speaker 1>becomes the next probable step.

1:08:31.479 --> 1:08:34.880
<v Speaker 2>Then then some form of dissolution of the US as

1:08:34.920 --> 1:08:39.559
<v Speaker 2>a fifty cent compact is on the table. Yes, sadly so,

1:08:40.320 --> 1:08:43.280
<v Speaker 2>and nobody wants that. Nobody should want that. No matter

1:08:43.320 --> 1:08:45.519
<v Speaker 2>how much of a narco libertarian you are at heart,

1:08:45.560 --> 1:08:47.599
<v Speaker 2>and I'm one of them, I know you want, like

1:08:48.040 --> 1:08:53.200
<v Speaker 2>at some point, you want the move towards decentralization of

1:08:53.600 --> 1:08:57.360
<v Speaker 2>capital markets. You want the restoration of individual rights and

1:08:57.439 --> 1:08:59.719
<v Speaker 2>sovereignty and all consumer sovereignty and all of these things.

1:08:59.840 --> 1:09:02.000
<v Speaker 2>Want these things to happen, but they have to happen

1:09:02.040 --> 1:09:07.120
<v Speaker 2>in a particular order, and you know they have to

1:09:07.120 --> 1:09:09.320
<v Speaker 2>be done in such a way that they do no harm.

1:09:09.800 --> 1:09:12.400
<v Speaker 2>I remind everybody when Ron Paul ran for president two

1:09:12.400 --> 1:09:14.040
<v Speaker 2>thousand and eight and twenty twelve, he's like, We're not

1:09:14.040 --> 1:09:16.280
<v Speaker 2>going to get rid of Social Security tomorrow. We're not

1:09:16.320 --> 1:09:18.360
<v Speaker 2>gonna get rid of Medicaid tomorrow. We made promise this

1:09:18.439 --> 1:09:20.040
<v Speaker 2>to these people, and we're going to hold hold to

1:09:20.080 --> 1:09:23.360
<v Speaker 2>our promises, but we're going to also promise to sunset

1:09:23.439 --> 1:09:26.760
<v Speaker 2>these things and get rid of them and restore a

1:09:26.840 --> 1:09:32.479
<v Speaker 2>constitutional republic, sound money, decentralized power. And you know what

1:09:32.520 --> 1:09:35.599
<v Speaker 2>the quote unquote founders gave us as our birthright. Yep,

1:09:36.479 --> 1:09:39.520
<v Speaker 2>they didn't give us anything. They just they just produced

1:09:39.720 --> 1:09:42.680
<v Speaker 2>a canvas on which we were supposed to maintain it.

1:09:43.160 --> 1:09:45.120
<v Speaker 2>As as Ben Franklin said, what do we what was

1:09:45.120 --> 1:09:46.080
<v Speaker 2>birthday a republic?

1:09:46.120 --> 1:09:49.360
<v Speaker 1>If you can keep it all right, well let's let's

1:09:49.360 --> 1:09:52.559
<v Speaker 1>wrap it up with that. Tom always such a fun conversation,

1:09:52.640 --> 1:09:55.400
<v Speaker 1>wealth of information. I remember on one of your podcasts,

1:09:55.720 --> 1:09:57.360
<v Speaker 1>I forget the name of your guests, but you're going

1:09:57.400 --> 1:10:01.960
<v Speaker 1>deep into London and the UK, and you know there

1:10:01.960 --> 1:10:05.639
<v Speaker 1>are tentacles that they've had into Canada. Yes a long time.

1:10:05.840 --> 1:10:06.120
<v Speaker 2>It was.

1:10:06.200 --> 1:10:09.360
<v Speaker 1>It was mind blowing to me. Uh okay, Richard Poe.

1:10:09.560 --> 1:10:11.439
<v Speaker 1>So for everybody listening, if you want to go deeper

1:10:11.439 --> 1:10:14.240
<v Speaker 1>into these things, check out Tom's podcast, Gold Goats Guns.

1:10:14.560 --> 1:10:16.840
<v Speaker 1>A ton of good information on all this stuff so

1:10:16.880 --> 1:10:19.040
<v Speaker 1>you can have a better understanding and a different lens

1:10:19.080 --> 1:10:22.120
<v Speaker 1>to sort of view the world through. We're gonna link

1:10:22.120 --> 1:10:23.559
<v Speaker 1>to all his stuff in the show notes down below.

1:10:23.680 --> 1:10:25.280
<v Speaker 1>And with that Tom, we'll ahead and wrap it up.

1:10:25.280 --> 1:10:25.840
<v Speaker 1>Thanks so much.

1:10:26.920 --> 1:10:28.680
<v Speaker 2>Thanks man, it was good talking to you, good catch

1:10:28.760 --> 1:10:32.240
<v Speaker 2>up with you. As always, enjoy