WEBVTT - World Chaos Isn’t an Accident… It’s Their Strategy | Tom Luongo

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<v Speaker 1>Ninety percent of the criticism of the United States GATS

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<v Speaker 1>comes from only looking at the liability side of the

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<v Speaker 1>balance sheet. They never look at the asset side of

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<v Speaker 1>the balance sheet. We're the ones draining the LBMA. Right now,

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<v Speaker 1>I turned to the ten year US Treasury bond. It

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<v Speaker 1>is going to close this week under four percent. We're

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<v Speaker 1>moving into a stagflationary environment. Is if the flation ers

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<v Speaker 1>it inflation. It's both asset based deflation commodity price inflations.

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<v Speaker 2>And I want to get back on the conversation of

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<v Speaker 2>your plan that you laid down twenty nineteen. That's all

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<v Speaker 2>coming true. Go ahead and lay out the rest of

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<v Speaker 2>the plan for us from there. Well, all right, Tom Luongo,

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<v Speaker 2>what a pleasure to have you back on the show.

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<v Speaker 3>You know this has been scheduled for a while, and I.

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<v Speaker 2>Would just say that there's probably no one else that's

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<v Speaker 2>better to talk to today.

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<v Speaker 3>On what's going on.

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<v Speaker 2>So Tom, let me let me frame this up. And

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<v Speaker 2>I want to see where you want to take this,

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<v Speaker 2>because I had like one agenda and now the week

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<v Speaker 2>we're recording this on actually nine to elevenst for recording

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<v Speaker 2>this on nine to eleven, twenty twenty five, I feel

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<v Speaker 2>almost like that moment in nine eleven and twenty twenty

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<v Speaker 2>five where it's like, Wow, the world just changed. But

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<v Speaker 2>I just got back from England. They're blowing out over there.

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<v Speaker 2>The guilt market is blowing out, their bond market. They've

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<v Speaker 2>lost control. The BOE keeps cutting rates, and yet the

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<v Speaker 2>long end of the curve is running away.

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<v Speaker 3>The political system.

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<v Speaker 2>Is being completely overrun by immigrants. You have it's like

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<v Speaker 2>a powder keg where they have this like operation raised

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<v Speaker 2>the colors, so like Englishmen are raising the English flag

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<v Speaker 2>and it's like racism, which is kind of crazy. On

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<v Speaker 2>the other side, we have what I thought was really

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<v Speaker 2>interesting in Nepal. Supposedly they banned social media. They burned

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<v Speaker 2>the parliament building down. They're like killing the leaders over

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<v Speaker 2>there in Nepaul. In France, you have I'm just framing

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<v Speaker 2>this up for everybody and then we'll see who it's

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<v Speaker 2>going to jump in. In France we have mccrone's government

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<v Speaker 2>failed to survive.

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<v Speaker 3>There's no confidence vote. I think it's the fourth PM

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<v Speaker 3>in like twelve months. They've run out.

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<v Speaker 2>They have this massive, growing debt crisis, and it's kind

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<v Speaker 2>of the same thing as everywhere. You know, they wanted

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<v Speaker 2>to try to bring austerity in. People aren't for that.

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<v Speaker 2>Now they have this block everything movement left and right

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<v Speaker 2>seemed to be joining together on that. So that's kind

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<v Speaker 2>of like what's happening in maybe like the West. And

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<v Speaker 2>then and then I just got back from China. I

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<v Speaker 2>was there as they were preparing for this landmark military parade,

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<v Speaker 2>and you have the leaders of Russia and North Korea

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<v Speaker 2>there with g g Is saying that humanity is once

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<v Speaker 2>again faced with critical choices peace or war, dialogue or confrontation.

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<v Speaker 2>And then Trump goes on to say, you know, well

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<v Speaker 2>I lost. I guess we lost Indian and Russia to China.

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<v Speaker 2>You know, good regards to Kim Jong yu and Vladimir

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<v Speaker 2>Putin conspiring against the USA.

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<v Speaker 3>So this is like this whole world seems like a

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<v Speaker 3>powder KEG. And then here in the United States we.

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<v Speaker 2>Had this brutal, brutal killing that just happens way too

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<v Speaker 2>often on in North Carolina on public transit. Yep, Irena,

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<v Speaker 2>a Ukrainian woman who came here seeking safety and unfortunately

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<v Speaker 2>didn't find it. And then we had Charlie Kirk yesterday.

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<v Speaker 3>Yep.

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<v Speaker 2>I mean, the world is just a powder cake everywhere,

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<v Speaker 2>and I'm gonna I'm gonna do one more quote and

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<v Speaker 2>then I'm gonna see where you want to jump in here, sure,

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<v Speaker 2>because we mainly talk about finance, but finances related to

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<v Speaker 2>all of this. And actually there was a there was

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<v Speaker 2>a video clip I saw of Charlie Kirk saying that

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<v Speaker 2>his number one focus was deradicalization. And he said, what

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<v Speaker 2>do you think happens when you own nothing and there's

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<v Speaker 2>no hope and your money's losing purchasing power? Mm hm,

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<v Speaker 2>you turn to radicalization and he said that I that's

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<v Speaker 2>my single focus. And so we typically talk about money here,

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<v Speaker 2>but I'm gonna end with one more quote. You retweeted

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<v Speaker 2>a post from vbl Ghost and you said, if the

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<v Speaker 2>woke movement is a Marxist revolution, it is in parentheses.

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<v Speaker 2>And if that's true, then we are in the process

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<v Speaker 2>of approaching a nineteen sixty seven Shanghai Storm moment when

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<v Speaker 2>the monster they've created on the left is out.

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<v Speaker 3>Of their control needs to be put down.

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<v Speaker 2>So these are these are these are political, these are societal,

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<v Speaker 2>and these are financial revolutions that all seem to converge

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<v Speaker 2>at the same time.

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<v Speaker 1>Yep, yeah, I mean you you're picking out my uh

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<v Speaker 1>my retweet of my good friend Vince Launchi. You know,

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<v Speaker 1>gota like that because Vince has been it's interesting like

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<v Speaker 1>it was. It was funny, Vince actually admitted the other day.

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<v Speaker 1>And I whenever I do a thing with Vince, but

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<v Speaker 1>I'll well, I'll read into all together stept you just

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<v Speaker 1>talked about in a second. But you know, whenever Vince

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<v Speaker 1>and I get together to do a podcast together, we

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<v Speaker 1>chat for forty five minutes before we record, then we

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<v Speaker 1>record for an hour and a half, and then we

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<v Speaker 1>chatted forty five minutes afterwards. Yeah, and you know the

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<v Speaker 1>Vince's cue because yesterday, yesterday day before on Twitter, he

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<v Speaker 1>finally said, you know, somebody said, dude, it's really interesting

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<v Speaker 1>that you're starting to talk.

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<v Speaker 3>Like this and go right there. And he's like, yeah,

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<v Speaker 3>well you got that.

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<v Speaker 1>You got Tom Wata to think for that, because you know,

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<v Speaker 1>we usually talk about this stuff behind the scenes, but

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<v Speaker 1>he draws it out of me.

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<v Speaker 3>I can't help it.

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<v Speaker 1>I'm like, yeah, I know I do that to people,

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<v Speaker 1>and I I just remember my heart on my sleep mark.

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<v Speaker 3>You know you know how that is?

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<v Speaker 1>Okay, So yes, you're not wrong that it feels like

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<v Speaker 1>the whole world is trying to spin out out of control.

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<v Speaker 1>And I'll be honest with you, as far as I'm

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<v Speaker 1>concerned that that's a feature, not a bug of the

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<v Speaker 1>system that we have that we're watching collapse, and it's

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<v Speaker 1>it's collapsing, and they know it's collapsing. So they need

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<v Speaker 1>to try and create as much chaos as possible because

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<v Speaker 1>they really do believe that during the chaos, they can

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<v Speaker 1>set all the people against each other, fighting amongst themselves, black, white, red, blue,

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<v Speaker 1>you know, Iranian Is, you know, Israeli, I don't care, Brits, Muslims,

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<v Speaker 1>it doesn't matter. Set everybody else in motion while the

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<v Speaker 1>elite move you know, while the elite make movements, scott

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<v Speaker 1>free in the background, create the next architecture for whatever

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<v Speaker 1>they're going to put together next, and then you know,

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<v Speaker 1>send in the then overpay the gendarme for all lack

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<v Speaker 1>of a better term, to come in and assholes and

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<v Speaker 1>elbows and take care of and whack everybody and restore order.

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<v Speaker 1>Now at the same time, the reason that this is

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<v Speaker 1>going on, and I firmly believe this, and you have to,

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<v Speaker 1>and I'm gonna stick to my guns on this, is

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<v Speaker 1>because Donald Trump has told them no. Now is the

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<v Speaker 1>United States going to be some bastion of libertarian freedom

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<v Speaker 1>of No, it's not. But what Donald Trump has told

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<v Speaker 1>them is absolutely not. We're not following that path. This

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<v Speaker 1>is our independence from the old colonial powers of Europe.

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<v Speaker 1>And if you look at the way he's treated the

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<v Speaker 1>European leaders when they came to Washington and fortunim the

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<v Speaker 1>struggle session for peace while they machinate for war. If

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<v Speaker 1>you watch the way he's struggle sessioned everybody, I mean

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<v Speaker 1>he invited and or sorry, he entertained here Starmer, the

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<v Speaker 1>sitting Prime Minister of the United Kingdom, in his castle,

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<v Speaker 1>Trump's castle in Scotland on that is nominally owned or

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<v Speaker 1>en ruled by Kir Starmer.

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<v Speaker 3>I keep wanting to call him here Salom, because it's true,

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<v Speaker 3>it's about the same.

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<v Speaker 1>I have an even worse term for him than that,

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<v Speaker 1>but I'll keep it relatively clean today. So and just

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<v Speaker 1>remember that mister Starmer got off of Trump's US Navy helicopter.

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<v Speaker 1>He pump wouldn't even allow the RAF to bring him

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<v Speaker 1>to Scotland, okay, I And then that was right after

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<v Speaker 1>he brought in Nursul of Bonderland and gave her terms

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<v Speaker 1>of EU's financial surrender, which is what he forced him to,

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<v Speaker 1>which is he forced her to sign. Of course, Bonderland thought,

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<v Speaker 1>you know, sign whatever it is that she wanted to,

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<v Speaker 1>because she's thinking to herself, like the rest of these

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<v Speaker 1>Dabogian catamites, that well, we're gonna force Trump into war,

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<v Speaker 1>and we're gonna waig him out, and we're just gonna

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<v Speaker 1>do what we want in two years anyway, it doesn't matter,

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<v Speaker 1>because we're gonna kill all the support system around him.

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<v Speaker 1>They're acting exactly the same way they did last summer

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<v Speaker 1>before they tried to shoot him, or where they did

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<v Speaker 1>shoot him and missed, But they were all running around

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<v Speaker 1>like not a care in the world right last summer

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<v Speaker 1>and even this summer, watching Starmer on his government collapsing

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<v Speaker 1>around him, and you know, home secretary resigns over something

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<v Speaker 1>they bring, they bring somebody else and who's even worse,

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<v Speaker 1>right losing in the polls. They don't care about any

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<v Speaker 1>they don't care about public support, doubling down on every

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<v Speaker 1>bad policy. This is not accidental. These people aren't incompetent.

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<v Speaker 1>They're hyper competent at being vandals. If you and I've

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<v Speaker 1>been saying this for years, as long as you and

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<v Speaker 1>I have been, you know, chatting on and off for

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<v Speaker 1>the you know what, three or four years we've known

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<v Speaker 1>each other.

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<v Speaker 3>Yep.

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<v Speaker 1>I think it's the biggest, probably be four now, Christ

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<v Speaker 1>it's been that long. They're vandals, they know exactly what

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<v Speaker 1>they're doing, and so Vince's tweet that you quoted earlier

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<v Speaker 1>is exactly correct. Right, They've been building this for years.

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<v Speaker 1>They are now just in burn it all down mode.

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<v Speaker 1>And they were in they were in maintain everything mode

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<v Speaker 1>last summer, in the weeks leading up to Butler Pennsylvania, Right,

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<v Speaker 1>Biden Trump debate. This is what we're gonna use as

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<v Speaker 1>a cat as the inciting incident. They get rid of Biden,

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<v Speaker 1>they called for snap elections. In France, they call for

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<v Speaker 1>snap elections, and in the Great in Great Britain they

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<v Speaker 1>get they put the people in power they want there.

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<v Speaker 1>They start the process of liquidating book countries, and then

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<v Speaker 1>we're gonna kill Trump and then we're gonna have Nicki

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<v Speaker 1>Haley versus Kamala Harris.

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<v Speaker 3>That was their plan, and then Trump lived. Yep.

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<v Speaker 1>Now they've been in scramble mode ever since then. So

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<v Speaker 1>the reality of the situation is of course very simple.

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<v Speaker 1>It's if we can't have it, nobody can. So No,

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<v Speaker 1>Donald Trump, you're not gonna come and save England and

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<v Speaker 1>the rest of the Commonwealth. You're not gonna save Canada.

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<v Speaker 1>We're gonna put our We're gonna put our high priests

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<v Speaker 1>of Debogeian, ecumenically, environmentalism in charge of Canada, and then

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<v Speaker 1>we're going to destroy what's the left of Canada because

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<v Speaker 1>we can see you cutting us off from well, we

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<v Speaker 1>cut ourselves off from Russian gas. We can see you

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<v Speaker 1>cutting us off from Saudi gas and Azari gas in

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<v Speaker 1>North Africa and everything else. So we cut ourselves off

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<v Speaker 1>from British gas and British oil off the North Slope.

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<v Speaker 1>This is why De liz Trust was deposed three years ago.

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<v Speaker 1>Like they can see what's happening. So Canada is their

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<v Speaker 1>last refuge. But Canada has always been their refuge. It's

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<v Speaker 1>always been the antipode to undermine the United States from

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<v Speaker 1>the north. As you know, my friend Matt Eric said

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<v Speaker 1>to me the other day on a podcast we did together,

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<v Speaker 1>Canada's is the insurrection against the United States from the

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<v Speaker 1>north that won as opposed to the secession against the

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<v Speaker 1>United States from the South that lost. Okay, when you

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<v Speaker 1>think about the history of the nineteenth century, the whole

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<v Speaker 1>world's being set on fire on purpose because Donald Trump

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<v Speaker 1>has made it abundantly clear We're not going to fight

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<v Speaker 1>a war for Israel in the Middle East, and we're

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<v Speaker 1>not going to fight a war for the British and

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<v Speaker 1>the French in Ukraine to destroy Russia. The problem for

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<v Speaker 1>Trump is that he also wants to see Israel survive,

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<v Speaker 1>and so what the British are now doing is allowing

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<v Speaker 1>is Now they've turned on their their Israeli partners or

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<v Speaker 1>you know, subsidiary, whatever you want to call them. As

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<v Speaker 1>far as I'm concerned, they're cutting off Israeli subsidiary. Net

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<v Speaker 1>Yahoo is going around and liquidating all the assets around

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<v Speaker 1>the region that are a threat to Israel, because I

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<v Speaker 1>think he realized after ten seven. I'm going back now,

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<v Speaker 1>I reframing in the last couple of years of Netanyaha's behavior.

0:11:58.679 --> 0:12:01.840
<v Speaker 1>And I feel dirty saying anything positive about that man,

0:12:01.880 --> 0:12:03.520
<v Speaker 1>because I despise him.

0:12:03.640 --> 0:12:05.920
<v Speaker 3>Okay, with the core.

0:12:05.800 --> 0:12:08.320
<v Speaker 1>Of my being, I know he's a sinister, ugly man,

0:12:08.679 --> 0:12:13.320
<v Speaker 1>but and I know that everything after the butt is

0:12:13.360 --> 0:12:14.400
<v Speaker 1>what's true.

0:12:14.440 --> 0:12:15.319
<v Speaker 3>This is what I'm getting at.

0:12:15.480 --> 0:12:19.000
<v Speaker 1>That was the past, this is now the present, and

0:12:19.080 --> 0:12:25.439
<v Speaker 1>the present is that ten seven was a Katari Hamas

0:12:25.880 --> 0:12:33.959
<v Speaker 1>operation against Israel, probably created and organized by m I six,

0:12:36.440 --> 0:12:40.520
<v Speaker 1>to radicalize the Israelis and start the conflict and to

0:12:40.520 --> 0:12:42.960
<v Speaker 1>start the spiral down that we have, and to get

0:12:43.000 --> 0:12:46.040
<v Speaker 1>the Israelis to go freaking bananas and want to wipe

0:12:46.040 --> 0:12:49.120
<v Speaker 1>out every Palestinian on the planet. Of course, the reaction

0:12:49.280 --> 0:12:51.719
<v Speaker 1>is over the top, of course the reaction is disgusting,

0:12:51.840 --> 0:12:55.600
<v Speaker 1>But focusing on their reaction is missing the inciting incident

0:12:55.600 --> 0:12:58.400
<v Speaker 1>and the causes belli and missing the modus operandee of

0:12:58.400 --> 0:13:00.520
<v Speaker 1>the people that take, as my friend Alyx Craner likes

0:13:00.520 --> 0:13:02.720
<v Speaker 1>to put it, take the two types. Take the black

0:13:02.760 --> 0:13:04.640
<v Speaker 1>antswer the red ants, put them in their drummers, shake.

0:13:04.480 --> 0:13:05.040
<v Speaker 3>Them up together.

0:13:05.559 --> 0:13:09.600
<v Speaker 1>Yeah, okay, And the Israelis are part of that process, okay,

0:13:09.720 --> 0:13:12.800
<v Speaker 1>And then that's gonna set everything in motion to then

0:13:12.920 --> 0:13:16.679
<v Speaker 1>set them against Iran. Shake the antjar again. Now it's

0:13:16.720 --> 0:13:19.400
<v Speaker 1>against Turkey. Shake the anjar again. But one of the

0:13:19.440 --> 0:13:22.560
<v Speaker 1>things you can say about the kind of unfocused aggression

0:13:22.559 --> 0:13:26.040
<v Speaker 1>that we're seeing in recent days from Natan Yahoo was

0:13:26.080 --> 0:13:29.559
<v Speaker 1>that these are very targeted strikes against other British backed

0:13:29.600 --> 0:13:33.439
<v Speaker 1>assets like Turkey and the and the radical Islamists that

0:13:33.480 --> 0:13:38.480
<v Speaker 1>are in charge in Damascus, like the Kataris in Doa Okay,

0:13:39.640 --> 0:13:41.640
<v Speaker 1>because that's where City of London wants to move to.

0:13:42.160 --> 0:13:44.960
<v Speaker 4>Every day we see headlines about inflation and dead and

0:13:45.080 --> 0:13:48.520
<v Speaker 4>diminishing control over our own money. That's why I always

0:13:48.520 --> 0:13:51.199
<v Speaker 4>come back to bitcoin, because it's built for generations, it's

0:13:51.200 --> 0:13:54.480
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0:13:54.520 --> 0:13:58.320
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0:13:58.360 --> 0:14:02.000
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0:14:02.200 --> 0:14:05.960
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0:14:06.000 --> 0:14:10.000
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0:14:10.240 --> 0:14:13.720
<v Speaker 4>Now Signature, you're paired with your own dedicated account manager,

0:14:13.920 --> 0:14:17.440
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0:14:17.440 --> 0:14:19.840
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0:14:19.920 --> 0:14:23.359
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0:14:23.000 --> 0:14:25.360
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0:14:25.040 --> 0:14:26.840
<v Speaker 2>To exclusive events and features.

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<v Speaker 4>Unchained Collaborative Custody model is designed to provide the same

0:14:31.040 --> 0:14:34.280
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0:14:34.640 --> 0:14:37.160
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0:14:37.400 --> 0:14:40.480
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0:14:40.640 --> 0:14:42.800
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0:14:42.880 --> 0:14:45.080
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0:14:49.880 --> 0:14:52.080
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0:14:52.360 --> 0:14:55.240
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0:14:56.000 --> 0:14:59.320
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0:14:59.520 --> 0:14:59.840
<v Speaker 2>it's for.

0:15:00.840 --> 0:15:05.480
<v Speaker 1>So you you can almost see that, like at the

0:15:05.560 --> 0:15:10.040
<v Speaker 1>last moment, Nat in Yahoo saw that Israel was going

0:15:10.080 --> 0:15:12.560
<v Speaker 1>to be completely betrayed and said, oh no, we're not

0:15:12.600 --> 0:15:16.880
<v Speaker 1>going there because like Netan, Yahoo don't like Netanyahu and

0:15:16.920 --> 0:15:20.600
<v Speaker 1>I don't, but I can understand his mindset if you're

0:15:20.640 --> 0:15:23.240
<v Speaker 1>willing to like put yourself into his mind for a minute,

0:15:23.240 --> 0:15:25.360
<v Speaker 1>which is that this guy, at the end of the day,

0:15:25.520 --> 0:15:28.320
<v Speaker 1>remember his brother died at Antebbe. As my friend Dexter

0:15:28.400 --> 0:15:30.800
<v Speaker 1>Lighteweaxer remind me all the time, he's got a certain

0:15:30.800 --> 0:15:35.360
<v Speaker 1>ethos and that ethos is Israel for better or for worse.

0:15:35.920 --> 0:15:40.200
<v Speaker 1>Right now, Israel has always been a British construct but

0:15:41.440 --> 0:15:47.000
<v Speaker 1>you know, the last ten years worth of behavior in

0:15:47.040 --> 0:15:51.680
<v Speaker 1>relations between Israel, the EU, Britain and the region have

0:15:51.800 --> 0:15:55.600
<v Speaker 1>been very complicated, right, and there were forces in Israel

0:15:55.640 --> 0:15:59.320
<v Speaker 1>and the Israeli government system and the Israeli political system.

0:15:59.360 --> 0:16:03.760
<v Speaker 1>They're clearly against YAH and they're backed by Europe, all

0:16:03.880 --> 0:16:07.640
<v Speaker 1>naphtally Bennett. So when you start getting into the things,

0:16:07.640 --> 0:16:08.920
<v Speaker 1>and when I'm getting on here, so I'm not trying

0:16:08.920 --> 0:16:12.040
<v Speaker 1>to absolve Israel of anything. Obviously they're committing whatever you

0:16:12.080 --> 0:16:14.120
<v Speaker 1>want to call it genocide or whatever. I don't care

0:16:14.160 --> 0:16:17.120
<v Speaker 1>call it what you want, the eradication of the Palestinians

0:16:17.120 --> 0:16:21.680
<v Speaker 1>in Gaza, Okay, I don't care. And we can have

0:16:22.120 --> 0:16:25.480
<v Speaker 1>and and and we can all feel horror a shame

0:16:25.560 --> 0:16:28.880
<v Speaker 1>at all of it. But when you but you look

0:16:28.880 --> 0:16:33.320
<v Speaker 1>at the why this is creating up while we're getting

0:16:33.320 --> 0:16:36.480
<v Speaker 1>to the powder Keg moment is exactly this. Everybody's being

0:16:36.600 --> 0:16:40.920
<v Speaker 1>radicalized on some irrational bit of violence that's being paraded

0:16:40.960 --> 0:16:42.560
<v Speaker 1>in front of us on a day to day basis,

0:16:42.680 --> 0:16:46.080
<v Speaker 1>whether it is Israel's you know, attacks on the Gosins,

0:16:46.080 --> 0:16:48.680
<v Speaker 1>whether it's some whether it's that poor girl on the

0:16:49.000 --> 0:16:52.800
<v Speaker 1>bus uh in Charlotte or Charlie Kirk or this or

0:16:52.960 --> 0:16:56.120
<v Speaker 1>the insanity that's happening in the in the streets you know,

0:16:56.200 --> 0:16:59.440
<v Speaker 1>all over England or in Ireland or in you know,

0:17:00.920 --> 0:17:04.080
<v Speaker 1>in the United States, like it's happening everywhere, and all

0:17:04.119 --> 0:17:08.639
<v Speaker 1>of this is a market is all this is policy?

0:17:09.320 --> 0:17:13.359
<v Speaker 3>The question is whose policy? Who benefits from this?

0:17:13.440 --> 0:17:15.320
<v Speaker 1>So you ask yourself the basic quite best, and who

0:17:15.320 --> 0:17:18.840
<v Speaker 1>benefits from No, it's the people that who are literally.

0:17:18.560 --> 0:17:20.080
<v Speaker 3>In the process of losing all their power.

0:17:20.960 --> 0:17:25.080
<v Speaker 1>Because if Donald Trump, Vladimiprut and Ajijin Ping get together

0:17:25.400 --> 0:17:29.119
<v Speaker 1>and recarve up the world, who does not see at

0:17:29.119 --> 0:17:32.000
<v Speaker 1>the table it's the same thing I've been saying for

0:17:32.000 --> 0:17:35.200
<v Speaker 1>four years, and I'm sorry, but that heuristic works better

0:17:35.320 --> 0:17:37.600
<v Speaker 1>than everybody else. Is heuristic like it's all the Jews,

0:17:37.680 --> 0:17:39.880
<v Speaker 1>or it's all this or none of that, Like it's

0:17:39.920 --> 0:17:44.160
<v Speaker 1>fully explanatory. And for you know, then for people who

0:17:44.240 --> 0:17:46.760
<v Speaker 1>want to see a better world, you have to understand

0:17:46.760 --> 0:17:49.800
<v Speaker 1>the game board, understand the players and the motivations so

0:17:49.880 --> 0:17:52.000
<v Speaker 1>you can see that where we're gonna wind up on

0:17:52.000 --> 0:17:54.760
<v Speaker 1>the other side because we have to be able to

0:17:54.800 --> 0:17:58.439
<v Speaker 1>predict their moves. It doesn't matter whether we hate the

0:17:58.480 --> 0:18:00.720
<v Speaker 1>moves that were that they're making we hate the game

0:18:00.720 --> 0:18:04.280
<v Speaker 1>that we're playing. Don't hate the play I hate the game.

0:18:04.800 --> 0:18:07.840
<v Speaker 2>Yeah, right, So who doesn't have a seat England and

0:18:07.880 --> 0:18:08.280
<v Speaker 2>the EU?

0:18:08.800 --> 0:18:11.120
<v Speaker 3>Yeah, I mean do they have any collateral?

0:18:11.200 --> 0:18:13.280
<v Speaker 1>Do they have any energy? Do they have any innovation?

0:18:13.480 --> 0:18:15.840
<v Speaker 1>Do they have any people? Do they have a birth rate? No,

0:18:16.480 --> 0:18:17.080
<v Speaker 1>they have nothing.

0:18:17.200 --> 0:18:21.159
<v Speaker 3>You know what they have? They have bureaucracy and shame. Yeah,

0:18:21.160 --> 0:18:25.639
<v Speaker 3>that's what they've got. And violence. Yeah.

0:18:25.720 --> 0:18:28.359
<v Speaker 2>Now, obviously this is culminated right now, and you mentioned

0:18:28.400 --> 0:18:31.040
<v Speaker 2>all these players from Trump and bb et cetera. But

0:18:31.200 --> 0:18:33.800
<v Speaker 2>a lot of this seems to be decades in the making.

0:18:33.920 --> 0:18:35.800
<v Speaker 2>So as I kind of started out by saying, you know,

0:18:35.840 --> 0:18:38.560
<v Speaker 2>we're sort of at this maybe long end of this

0:18:38.640 --> 0:18:41.480
<v Speaker 2>eighty year credit cycle where now the bond markets across

0:18:41.480 --> 0:18:44.240
<v Speaker 2>the developed world are all blowing out. I mean, obviously

0:18:44.280 --> 0:18:46.399
<v Speaker 2>with England, as I said, right, the guilt market's blowing

0:18:46.400 --> 0:18:49.120
<v Speaker 2>out while the BOE keeps trying the lower rates. We're

0:18:49.119 --> 0:18:51.840
<v Speaker 2>seeing this kind of across the board. So I mean,

0:18:51.960 --> 0:18:54.320
<v Speaker 2>how much of this is just sort of this culmination

0:18:54.480 --> 0:18:58.600
<v Speaker 2>of this long term destruction of the monetary system versus

0:18:58.640 --> 0:19:01.560
<v Speaker 2>this game board catalyst of like or maybe they're they're

0:19:01.600 --> 0:19:03.240
<v Speaker 2>realizing the game is almost up, so now we have

0:19:03.280 --> 0:19:06.480
<v Speaker 2>to reshuffle the deck real quickly to kind of figure

0:19:06.480 --> 0:19:07.680
<v Speaker 2>out who gets that seat next.

0:19:07.880 --> 0:19:09.920
<v Speaker 1>Well, yeah, that's what they're doing, like and they look

0:19:10.119 --> 0:19:13.359
<v Speaker 1>the you know, every time the British Empire gets in trouble,

0:19:13.400 --> 0:19:15.159
<v Speaker 1>they wanted to fault on their debt and sort over

0:19:15.160 --> 0:19:18.200
<v Speaker 1>again or the or in Europe or whatever. Remember, as Martin,

0:19:18.240 --> 0:19:20.679
<v Speaker 1>I'm Storing likes to point out all the time, and

0:19:20.680 --> 0:19:22.199
<v Speaker 1>I've had the great pleasure getting the no marety over

0:19:22.200 --> 0:19:22.880
<v Speaker 1>the past two months.

0:19:22.920 --> 0:19:23.920
<v Speaker 3>So it's been fun.

0:19:24.320 --> 0:19:26.080
<v Speaker 1>Bouncing a lot of these ideas off and then actually

0:19:26.119 --> 0:19:27.679
<v Speaker 1>bouncing on a lot of his ideas back off of

0:19:27.760 --> 0:19:31.119
<v Speaker 1>him and being which is to say that that what

0:19:31.200 --> 0:19:31.760
<v Speaker 1>is the America?

0:19:31.840 --> 0:19:34.480
<v Speaker 3>What is America's superpower? It's the fact that we've never

0:19:34.480 --> 0:19:35.400
<v Speaker 3>defaulted on our debt.

0:19:36.560 --> 0:19:38.679
<v Speaker 1>Sure, always paid our debts, even if we've gone to

0:19:38.720 --> 0:19:41.520
<v Speaker 1>inflations and we've you know, paid it. We've never ever

0:19:41.600 --> 0:19:45.880
<v Speaker 1>default on an acusip. We've always paid our posts, paid our.

0:19:45.760 --> 0:19:47.960
<v Speaker 3>We did default on the gold. We did default on

0:19:48.000 --> 0:19:49.520
<v Speaker 3>paying back the gold in nineteen seventy one.

0:19:49.560 --> 0:19:52.199
<v Speaker 1>Well yeah, but but you know, did we or or

0:19:52.240 --> 0:19:54.600
<v Speaker 1>where the fun or where the freaking French running an

0:19:54.640 --> 0:19:57.719
<v Speaker 1>operation using our trade deficit and our our tax dollars

0:19:57.760 --> 0:20:00.040
<v Speaker 1>that were going to France through the Marshall Plan to

0:20:00.040 --> 0:20:02.080
<v Speaker 1>take all of our freaking gold because the gall hated

0:20:02.160 --> 0:20:04.960
<v Speaker 1>us more than Matchrone does.

0:20:05.000 --> 0:20:06.280
<v Speaker 3>Because that's what they did.

0:20:06.680 --> 0:20:10.120
<v Speaker 1>Mark, I'm gonna reframe that whole argument by the Libertarians

0:20:10.160 --> 0:20:12.880
<v Speaker 1>and who I used to be by saying, oh, by

0:20:12.920 --> 0:20:14.919
<v Speaker 1>the way, that was our tax money, that was the

0:20:15.000 --> 0:20:17.720
<v Speaker 1>Marshall Plan that created a trade that could have created

0:20:17.720 --> 0:20:21.000
<v Speaker 1>a durable trade advantage to a trade positive trade flow

0:20:21.160 --> 0:20:23.800
<v Speaker 1>towards France. Who then, the gall who hated the United

0:20:23.800 --> 0:20:26.960
<v Speaker 1>States was then draining our money. Who's then, so we're

0:20:27.000 --> 0:20:32.000
<v Speaker 1>rebuilding France and he's redeeming his trade sort of plus

0:20:32.040 --> 0:20:35.359
<v Speaker 1>which we paid for by stealing our gold.

0:20:36.040 --> 0:20:38.520
<v Speaker 3>Yeah. No, no, you don't get anymore.

0:20:38.680 --> 0:20:42.960
<v Speaker 1>I'm over it, Like I'm over that whole argument, Like, yes,

0:20:43.000 --> 0:20:44.639
<v Speaker 1>do we need to go back on a gold standardism

0:20:44.680 --> 0:20:45.240
<v Speaker 1>form or another?

0:20:45.320 --> 0:20:48.160
<v Speaker 3>Yes? And are we in the process of doing so? Yes?

0:20:48.400 --> 0:20:50.200
<v Speaker 3>And you know who's gonna do that, Who's gonna lead

0:20:50.240 --> 0:20:50.679
<v Speaker 3>that charge?

0:20:50.760 --> 0:20:53.000
<v Speaker 1>It ain't the Chinese, it ain't the Russians, it ain't

0:20:53.040 --> 0:20:55.480
<v Speaker 1>the Indians, it ain't bricks and anybody else, it's us

0:20:55.560 --> 0:20:57.840
<v Speaker 1>because we're the ones draining in the LBMA right now,

0:20:58.160 --> 0:21:01.480
<v Speaker 1>We're the ones knocking down city of London. They're the

0:21:01.520 --> 0:21:04.000
<v Speaker 1>ones that ran the gold scam for fifty years to

0:21:04.040 --> 0:21:05.919
<v Speaker 1>prop up the quote unquote prop up.

0:21:05.920 --> 0:21:08.880
<v Speaker 3>The dollars of the world's reserve currency. And they did it.

0:21:08.880 --> 0:21:12.399
<v Speaker 1>It's ninety percent of the of the of the entire

0:21:12.480 --> 0:21:15.680
<v Speaker 1>gold manipulation system was run out of the LBMA and

0:21:16.280 --> 0:21:19.280
<v Speaker 1>the COMACS. But it all starts at the LBMA and

0:21:19.359 --> 0:21:21.159
<v Speaker 1>also there and being there in Zurich.

0:21:22.800 --> 0:21:24.080
<v Speaker 3>That's interesting that you say that.

0:21:24.119 --> 0:21:26.440
<v Speaker 2>I mean, to the point about the revaluing gold or

0:21:26.480 --> 0:21:29.119
<v Speaker 2>going back to this gold system. I mean, certainly a

0:21:29.119 --> 0:21:30.720
<v Speaker 2>lot of people see this. I like to follow Luke

0:21:30.720 --> 0:21:32.919
<v Speaker 2>Grammin pretty closely, and he's been talking about this for

0:21:32.960 --> 0:21:35.600
<v Speaker 2>quite a while. And how he says it's really China

0:21:35.600 --> 0:21:37.280
<v Speaker 2>and the bricks that are starting to kind of course

0:21:37.280 --> 0:21:39.239
<v Speaker 2>he to push push the price of gold back up.

0:21:39.240 --> 0:21:41.840
<v Speaker 1>Of course he does because Lucas never met, Because Lucas

0:21:41.840 --> 0:21:45.200
<v Speaker 1>never met a talking point about finance that has ever

0:21:45.240 --> 0:21:47.600
<v Speaker 1>been positive towards the United States.

0:21:48.760 --> 0:21:51.160
<v Speaker 3>I've told Luke this on Twitter.

0:21:51.200 --> 0:21:54.040
<v Speaker 2>I'm like, dude, come on, well, he has told me

0:21:54.119 --> 0:21:55.480
<v Speaker 2>in his defense, I mean, he's not here and I

0:21:55.520 --> 0:21:56.800
<v Speaker 2>don't want to words in his mouth, and he has

0:21:56.840 --> 0:21:59.920
<v Speaker 2>told me that he sees that there's the US also

0:22:00.080 --> 0:22:01.800
<v Speaker 2>sees this coming to a head, and if they don't

0:22:01.840 --> 0:22:04.520
<v Speaker 2>preempt the move by China, then they kind of have

0:22:04.600 --> 0:22:06.920
<v Speaker 2>that last mover advantage. So you know, potentially he sees

0:22:06.960 --> 0:22:07.439
<v Speaker 2>a chance or the.

0:22:08.240 --> 0:22:10.520
<v Speaker 1>First mover advantage because we're the ones draining the LBMA,

0:22:10.800 --> 0:22:13.960
<v Speaker 1>We're the ones. I said this four years ago when

0:22:14.000 --> 0:22:16.439
<v Speaker 1>we started raising interest rates. I said, it's what's going

0:22:16.440 --> 0:22:19.000
<v Speaker 1>to bake everybody's noodles, that the United States is going

0:22:19.040 --> 0:22:21.040
<v Speaker 1>to be the one that wants to seize the gold

0:22:21.040 --> 0:22:24.200
<v Speaker 1>price rise. And what's gonna make everybody's noodle is watching

0:22:24.200 --> 0:22:26.040
<v Speaker 1>the Fed put bitcoin on their balance sheet.

0:22:26.040 --> 0:22:29.040
<v Speaker 3>Well that didn't quite come true, but that the United States, like.

0:22:29.240 --> 0:22:32.560
<v Speaker 1>Ice, crypto is a means by which to collateralize their debt.

0:22:33.160 --> 0:22:38.879
<v Speaker 3>Yeah, it's coming same thing. Yeah, Luke didn't say that

0:22:38.920 --> 0:22:40.320
<v Speaker 3>four years ago. I did.

0:22:41.960 --> 0:22:44.320
<v Speaker 1>Gluke goes on Tucker Carlson for forty five minutes and

0:22:44.400 --> 0:22:48.159
<v Speaker 1>does nothing but complain no solutions to the problem. I

0:22:48.240 --> 0:22:50.399
<v Speaker 1>gave you the broad pamp to the solution, and I

0:22:50.440 --> 0:22:51.959
<v Speaker 1>hate the bike too, my own horny here, but I'm

0:22:52.000 --> 0:22:55.400
<v Speaker 1>going to do so. I gave everybody the the ancherse

0:22:55.400 --> 0:22:57.200
<v Speaker 1>I'm really angry about this this stuff, not because I

0:22:57.240 --> 0:22:57.920
<v Speaker 1>didn't get the credit.

0:22:58.400 --> 0:23:01.040
<v Speaker 3>Put the credit. I care about to fix the problem,

0:23:01.200 --> 0:23:02.840
<v Speaker 3>and I gave everybody to the roadmap. They all called

0:23:02.840 --> 0:23:04.840
<v Speaker 3>me crazy. Fine, I don't care about being called crazy.

0:23:05.119 --> 0:23:06.320
<v Speaker 3>Next lay it about is.

0:23:06.240 --> 0:23:08.440
<v Speaker 1>That the fact that like the roadmap is now being

0:23:08.480 --> 0:23:10.639
<v Speaker 1>laid out in front of us, and people are still

0:23:10.840 --> 0:23:16.200
<v Speaker 1>arguing like it's twenty nineteen, staring you in the face,

0:23:16.240 --> 0:23:20.920
<v Speaker 1>that that is not what's happening. Brent Johnson is more

0:23:20.920 --> 0:23:24.240
<v Speaker 1>correct about all of this in the long run, and

0:23:24.280 --> 0:23:26.639
<v Speaker 1>we all kind of agreed, Yes, is there a problem

0:23:26.640 --> 0:23:29.000
<v Speaker 1>in the United States in terms of the physical position,

0:23:29.080 --> 0:23:31.160
<v Speaker 1>in terms of the debt, in terms of all these things.

0:23:31.320 --> 0:23:33.400
<v Speaker 3>Yes, But has anybody looked as.

0:23:33.200 --> 0:23:35.080
<v Speaker 1>I as I have at the end of the day, Mark,

0:23:35.160 --> 0:23:36.879
<v Speaker 1>this is one of the things that really bothers me

0:23:37.280 --> 0:23:39.359
<v Speaker 1>because and I've said it many times. I don't think

0:23:39.400 --> 0:23:41.000
<v Speaker 1>I've said it to you personally in the life, because

0:23:41.000 --> 0:23:42.280
<v Speaker 1>you know, and I haven't talked on this a year,

0:23:42.720 --> 0:23:46.720
<v Speaker 1>But think about this, I always said, Look, ninety percent

0:23:46.880 --> 0:23:49.840
<v Speaker 1>of the criticism of the United States gets comes from

0:23:50.320 --> 0:23:52.840
<v Speaker 1>only looking at the liability side of the balance sheet.

0:23:53.000 --> 0:23:54.760
<v Speaker 3>Sure they never look at.

0:23:54.640 --> 0:23:58.679
<v Speaker 1>The asset side of the balance sheet. Okay, And the

0:23:59.160 --> 0:24:00.959
<v Speaker 1>and the only ass and only asked that anybody ever

0:24:01.000 --> 0:24:03.000
<v Speaker 1>wants to look at is of course the tax flow,

0:24:03.240 --> 0:24:07.640
<v Speaker 1>because that's the system, right, This system is we issue taxes.

0:24:07.880 --> 0:24:10.119
<v Speaker 1>We issued debt and pay for them, pay for the

0:24:10.160 --> 0:24:12.679
<v Speaker 1>interest on the on it with taxes, and that's how

0:24:12.720 --> 0:24:15.040
<v Speaker 1>we fund the liquidity system. And that's how this that's

0:24:15.040 --> 0:24:16.760
<v Speaker 1>how the system is supposed to work, as other credit

0:24:16.800 --> 0:24:20.359
<v Speaker 1>system says running right, Well, that's the British model of

0:24:20.440 --> 0:24:27.960
<v Speaker 1>central banking, debt, feudalism, slavery, tariffs. Oh and by the way,

0:24:28.080 --> 0:24:31.600
<v Speaker 1>and we were operating where everybody else was terriffing us,

0:24:31.680 --> 0:24:33.520
<v Speaker 1>but we weren't allowed to tariff them back.

0:24:34.119 --> 0:24:36.159
<v Speaker 3>Well, well this is not fear because you're got a

0:24:36.200 --> 0:24:37.199
<v Speaker 3>better economy than us.

0:24:37.359 --> 0:24:43.520
<v Speaker 1>Like shut up, loser, Yeah, like I think off, Like

0:24:43.600 --> 0:24:46.120
<v Speaker 1>I'm serious, Like this is They've all been sitting here

0:24:46.119 --> 0:24:49.280
<v Speaker 1>like freeom welfare quas for eighty five friggin years complaining

0:24:49.280 --> 0:24:53.160
<v Speaker 1>about this, and we had the we we built their societies.

0:24:53.880 --> 0:24:54.640
<v Speaker 3>But most people have.

0:24:54.600 --> 0:24:56.800
<v Speaker 2>No idea that those countries tariff US or why those

0:24:56.800 --> 0:24:58.320
<v Speaker 2>tariffs were given to them in the first place.

0:24:58.640 --> 0:25:00.600
<v Speaker 3>I mean, and some of these terriffs, like the stuff

0:25:00.640 --> 0:25:03.640
<v Speaker 3>between US and Canada, go back well before World War

0:25:03.640 --> 0:25:08.159
<v Speaker 3>Two and the Marshall Plan. Right, Okay, So understand that.

0:25:09.520 --> 0:25:12.159
<v Speaker 1>Understand that when you start to really think about the

0:25:12.200 --> 0:25:14.120
<v Speaker 1>balance sheet of the United States, you start thinking about

0:25:14.119 --> 0:25:17.480
<v Speaker 1>the assets, and you look at the way we've had

0:25:17.520 --> 0:25:20.800
<v Speaker 1>to deal with environmental regulations and you know, cars and

0:25:20.840 --> 0:25:25.520
<v Speaker 1>transportation and this and that, and all this managerial bureaucracy.

0:25:25.400 --> 0:25:26.400
<v Speaker 3>That we all hate.

0:25:27.359 --> 0:25:29.880
<v Speaker 1>What is that that's a means by which to write

0:25:29.920 --> 0:25:33.919
<v Speaker 1>the assets down behind those regulations to zero, so that

0:25:33.960 --> 0:25:36.520
<v Speaker 1>you can't bring them to bear and put them against

0:25:36.760 --> 0:25:39.160
<v Speaker 1>and put them against the liability. So all you're doing

0:25:39.200 --> 0:25:41.400
<v Speaker 1>is you're saying, well, yeah, I mean, the United States

0:25:41.480 --> 0:25:43.560
<v Speaker 1>is thirty seven trillion dollars in debt and some number

0:25:43.560 --> 0:25:47.520
<v Speaker 1>of unfunded liabilities and trillions in debt. But that's only

0:25:47.560 --> 0:25:52.440
<v Speaker 1>if you take as good in everything else. The regulations

0:25:52.440 --> 0:25:55.560
<v Speaker 1>aren't going to change the burden on the middle class,

0:25:55.560 --> 0:25:57.440
<v Speaker 1>tax burden in the middle class, the regulatory burden on

0:25:57.440 --> 0:25:58.760
<v Speaker 1>the middle class and all that stuff is not going

0:25:58.840 --> 0:26:04.320
<v Speaker 1>to change. But now is it happening fast enough for

0:26:04.400 --> 0:26:06.840
<v Speaker 1>the for the radicals in the audience. Of course not,

0:26:07.000 --> 0:26:09.200
<v Speaker 1>because the radicals in the audience are not grown ups

0:26:09.200 --> 0:26:13.159
<v Speaker 1>who wear pants. You know why, because they understand. They

0:26:13.160 --> 0:26:15.320
<v Speaker 1>don't understand that they can look at see. Well, Donald Trump,

0:26:15.480 --> 0:26:16.920
<v Speaker 1>you have he has a majority in the House.

0:26:16.920 --> 0:26:18.040
<v Speaker 3>In the Senate, No, he doesn't.

0:26:20.480 --> 0:26:24.240
<v Speaker 1>He won the biggest landslide and modern electoral history, but

0:26:24.280 --> 0:26:28.080
<v Speaker 1>he only won a three seat majority in the House. No,

0:26:28.320 --> 0:26:30.200
<v Speaker 1>he won a forty seat majority in the House. They

0:26:30.240 --> 0:26:32.600
<v Speaker 1>stole thirty seven of them. He won a nine seat

0:26:32.600 --> 0:26:38.359
<v Speaker 1>majority in the Senate and they sold six of them.

0:26:36.680 --> 0:26:38.960
<v Speaker 3>Because they were still ballid. They were still ballad harvesting

0:26:39.000 --> 0:26:42.480
<v Speaker 3>in December. Yeah. Crazy, that's all being rebrune, right.

0:26:42.760 --> 0:26:44.679
<v Speaker 1>So he winds up in the same situation he has now,

0:26:44.680 --> 0:26:47.119
<v Speaker 1>which is his biggest tail risk is a is a

0:26:47.200 --> 0:26:49.639
<v Speaker 1>Congress that doesn't want to go along with his plans

0:26:49.720 --> 0:26:51.240
<v Speaker 1>either because they're bought and paid.

0:26:51.000 --> 0:26:53.280
<v Speaker 3>For, their corrupt or all of the above.

0:26:55.440 --> 0:26:59.320
<v Speaker 1>So until that changes, he can only make certain moves.

0:27:01.000 --> 0:27:02.840
<v Speaker 1>You know, he can only make certain moves at the

0:27:02.920 --> 0:27:07.920
<v Speaker 1>edges of the process. Now, take that one step further.

0:27:08.280 --> 0:27:10.640
<v Speaker 1>He also had to go tap th and verse through

0:27:10.680 --> 0:27:16.000
<v Speaker 1>the entire process of reasserting the Article two powers of

0:27:16.040 --> 0:27:18.520
<v Speaker 1>the President of the United States and the Article three

0:27:18.560 --> 0:27:22.440
<v Speaker 1>powers of the Supreme Court. And you do that by well,

0:27:22.480 --> 0:27:25.359
<v Speaker 1>we're gonna do this thing that we know. They're going

0:27:25.400 --> 0:27:28.399
<v Speaker 1>to issue an injunction against some lower court and then

0:27:28.440 --> 0:27:29.840
<v Speaker 1>it's gonna roll up to the Supreme Court and the

0:27:29.840 --> 0:27:32.200
<v Speaker 1>Supreme Court's gonna knock it down. Okay, Well that part

0:27:32.200 --> 0:27:35.760
<v Speaker 1>of the Article two has been re established. Okay, next thing,

0:27:35.880 --> 0:27:37.880
<v Speaker 1>next thing, next thing, next thing, next thing. I saw

0:27:37.920 --> 0:27:39.960
<v Speaker 1>something the other day. I think it was like Trump

0:27:40.040 --> 0:27:42.440
<v Speaker 1>is won eighteen or nineteen times in the Supreme Court

0:27:42.520 --> 0:27:44.240
<v Speaker 1>so far this summer. It was like Amy Coney Barrett

0:27:44.280 --> 0:27:47.160
<v Speaker 1>finally came out and said, we're not rubber stamping his

0:27:47.160 --> 0:27:51.560
<v Speaker 1>his agenda. We're just interpreting the Constitution as written. These

0:27:51.640 --> 0:27:56.439
<v Speaker 1>judges are insane. Okay, So this is the art. This

0:27:56.480 --> 0:28:00.800
<v Speaker 1>is what Article two means. And all of these lower

0:28:00.800 --> 0:28:04.359
<v Speaker 1>courts don't really exist if the Congress says they go

0:28:04.400 --> 0:28:05.200
<v Speaker 1>away tomorrow.

0:28:06.240 --> 0:28:10.320
<v Speaker 3>So Congress is Trump's biggest tail risk. They know it.

0:28:11.160 --> 0:28:13.840
<v Speaker 3>And so that's why. So that's why their whole extend

0:28:13.840 --> 0:28:16.640
<v Speaker 3>to pretend thing has been running. So what I think

0:28:16.720 --> 0:28:20.520
<v Speaker 3>is about ready to give way. This fall is going

0:28:20.560 --> 0:28:23.480
<v Speaker 3>to be once the Supreme Court gets through the last

0:28:23.640 --> 0:28:26.400
<v Speaker 3>few of these cases that are going to the big

0:28:26.400 --> 0:28:28.640
<v Speaker 3>ones that are going to re establish that Donald Trump

0:28:28.720 --> 0:28:31.560
<v Speaker 3>no can actually fire just about everybody under the purview

0:28:31.600 --> 0:28:34.480
<v Speaker 3>of the executive branch with stroke of the penela of

0:28:34.480 --> 0:28:37.560
<v Speaker 3>the land. Okay, same thing for all the money and

0:28:37.600 --> 0:28:40.000
<v Speaker 3>everything else. And we're nearly there. We're about eighty five percent.

0:28:40.120 --> 0:28:42.040
<v Speaker 3>There like three or four more cases that need to

0:28:42.040 --> 0:28:45.240
<v Speaker 3>be settled. I think I believe something like that. And

0:28:45.280 --> 0:28:47.920
<v Speaker 3>then once that happens done, you're going to watch it occur.

0:28:48.080 --> 0:28:50.040
<v Speaker 3>I've been speaking to guys over like ONBA you have

0:28:50.040 --> 0:28:51.720
<v Speaker 3>a couple other departments, and they're all like, oh, yeah,

0:28:52.000 --> 0:28:55.480
<v Speaker 3>we're just waiting. When you saw when you saw John

0:28:55.480 --> 0:28:58.160
<v Speaker 3>Thune the other day finally say hey, we're done. We're

0:28:58.400 --> 0:29:01.880
<v Speaker 3>we're pushing through all of trump'upport evens it was like

0:29:01.960 --> 0:29:03.680
<v Speaker 3>forty eight or yeah, I saw that.

0:29:04.160 --> 0:29:07.040
<v Speaker 1>I mean, these are all important department heads and people

0:29:07.880 --> 0:29:11.160
<v Speaker 1>that are necessary to run these agencies and to clean

0:29:11.200 --> 0:29:15.440
<v Speaker 1>them up. And so when the totality of all that

0:29:16.240 --> 0:29:22.360
<v Speaker 1>excuse me is to say Trump's writing up the value

0:29:22.400 --> 0:29:25.680
<v Speaker 1>of these assets that are on the balance sheet. Once that,

0:29:25.880 --> 0:29:29.680
<v Speaker 1>once that's been done, now let's recalculate what the United

0:29:29.720 --> 0:29:32.720
<v Speaker 1>States fiscal position is. And if anybody has a question

0:29:33.320 --> 0:29:37.800
<v Speaker 1>about whether or not they're being successful to write those

0:29:38.520 --> 0:29:42.120
<v Speaker 1>assets up in value. I turned to the ten year

0:29:42.240 --> 0:29:43.400
<v Speaker 1>US Treasury bond.

0:29:43.840 --> 0:29:46.080
<v Speaker 3>You're the one who brought it up, Mark, Thank you.

0:29:46.160 --> 0:29:48.920
<v Speaker 2>Just had a record a record auction, just had a

0:29:48.960 --> 0:29:49.440
<v Speaker 2>record oction.

0:29:49.560 --> 0:29:51.720
<v Speaker 1>Go look at it like the ten year is going

0:29:51.800 --> 0:29:53.920
<v Speaker 1>to close today, is going to close this week under

0:29:53.920 --> 0:29:54.440
<v Speaker 1>four percent.

0:29:55.280 --> 0:29:55.560
<v Speaker 3>Yep.

0:29:56.360 --> 0:29:58.600
<v Speaker 1>And Powell's probably only got a cut by twenty five

0:29:58.640 --> 0:30:00.400
<v Speaker 1>do more because of the CPI that came out today.

0:30:01.040 --> 0:30:03.960
<v Speaker 1>And this started well before Jackson Hole when he changed

0:30:03.960 --> 0:30:06.880
<v Speaker 1>the monetary policy. He got rid of the two percent

0:30:06.920 --> 0:30:10.120
<v Speaker 1>inflation mandate, which, by the way, Powell never liked.

0:30:10.480 --> 0:30:12.240
<v Speaker 3>Oh by the way, he was a.

0:30:12.160 --> 0:30:13.840
<v Speaker 1>Critic of it from the time that Bernaki put it

0:30:13.880 --> 0:30:15.720
<v Speaker 1>in place when he was a junior member of the FOMC.

0:30:16.600 --> 0:30:21.080
<v Speaker 1>So it was only the greatest thing that ever that's

0:30:21.080 --> 0:30:23.960
<v Speaker 1>occurred in the last year other than Trump getting.

0:30:23.880 --> 0:30:26.000
<v Speaker 2>Why would he only cut by twenty five though, because

0:30:26.200 --> 0:30:28.440
<v Speaker 2>I thought, with the record jobs blowout that we just

0:30:28.480 --> 0:30:32.440
<v Speaker 2>had the revision and the jobs report, the economy looks

0:30:32.520 --> 0:30:33.240
<v Speaker 2>much worse than it is.

0:30:33.280 --> 0:30:34.160
<v Speaker 3>And I thought, he's going to.

0:30:34.720 --> 0:30:36.960
<v Speaker 1>I'm not going to complain, and I wanted him to

0:30:36.960 --> 0:30:39.440
<v Speaker 1>coup by I literally as of this morning, before the

0:30:39.480 --> 0:30:43.640
<v Speaker 1>CPI report. I have two reasons why I'm now moving

0:30:43.640 --> 0:30:45.760
<v Speaker 1>back toward twenty five. And it's all because of the

0:30:45.800 --> 0:30:48.280
<v Speaker 1>last six hours, because we're doing this in the day of.

0:30:48.240 --> 0:30:49.800
<v Speaker 3>The CBI came out. And I'll explain why in just

0:30:49.800 --> 0:30:50.160
<v Speaker 3>a second.

0:30:50.320 --> 0:30:52.440
<v Speaker 1>So yesterday I said I was doing my market report

0:30:52.480 --> 0:30:54.360
<v Speaker 1>for my patrons, which I do on every Wednesday and

0:30:54.360 --> 0:30:57.120
<v Speaker 1>every Sunday, And on Wednesday morning, I said, okay, well,

0:30:57.360 --> 0:31:03.200
<v Speaker 1>tomorrow's the CBI report. I've been charting the the monthly

0:31:03.240 --> 0:31:05.920
<v Speaker 1>close of the price of gasoline futures price of gasoline

0:31:06.160 --> 0:31:09.200
<v Speaker 1>versus the four month rolling average of the month of

0:31:09.240 --> 0:31:10.280
<v Speaker 1>over month change in.

0:31:12.480 --> 0:31:13.000
<v Speaker 3>The CPI.

0:31:13.240 --> 0:31:15.920
<v Speaker 1>So take the last four months of the CPI, roll

0:31:16.000 --> 0:31:19.000
<v Speaker 1>that up and and chart that against the same closing

0:31:19.040 --> 0:31:23.360
<v Speaker 1>months reported, you know, the same months closing the.

0:31:23.320 --> 0:31:26.440
<v Speaker 3>Price of gasoline. And I ran, you know, the last nine.

0:31:26.320 --> 0:31:29.560
<v Speaker 1>Years of that and since COVID, since or really since

0:31:29.720 --> 0:31:32.720
<v Speaker 1>Powell sort of tightening, we've been in a commodity cost

0:31:32.760 --> 0:31:36.320
<v Speaker 1>pushing place and environment where the directionally the two move

0:31:36.400 --> 0:31:39.440
<v Speaker 1>and lockstep. A couple of months here or there where

0:31:39.440 --> 0:31:41.600
<v Speaker 1>that okay, they weren't quite in lockstep, but for the

0:31:41.600 --> 0:31:44.880
<v Speaker 1>most part they've been in lockstep directionally. I mean, price

0:31:44.920 --> 0:31:47.440
<v Speaker 1>of gasoline goes up, the CPI, the four month rolling

0:31:47.440 --> 0:31:52.600
<v Speaker 1>average of the CPI goes up. So this month for August,

0:31:52.960 --> 0:31:54.520
<v Speaker 1>the clos was like it you know, it was down

0:31:54.800 --> 0:31:57.120
<v Speaker 1>fifteen cents over the year of the over July July

0:31:57.120 --> 0:31:59.400
<v Speaker 1>I was like two eleven a gallon monthly closing aciline

0:31:59.440 --> 0:32:04.520
<v Speaker 1>was like one ninety seven. Like my prediction CPI is

0:32:04.560 --> 0:32:06.360
<v Speaker 1>going to come in at about point one percent, meaning

0:32:06.400 --> 0:32:10.760
<v Speaker 1>it's gonna roll over, you know, proportionately with the with the.

0:32:10.800 --> 0:32:12.479
<v Speaker 3>With the price of gasoline.

0:32:12.440 --> 0:32:16.760
<v Speaker 1>Right came up point four. But I did say if

0:32:16.760 --> 0:32:20.000
<v Speaker 1>it doesn't do that, two things. One, it's either removing

0:32:20.000 --> 0:32:24.200
<v Speaker 1>into a stagflationary environment or potentially a demand pull environment

0:32:24.760 --> 0:32:29.640
<v Speaker 1>or the price of electricity from all these data centers

0:32:30.040 --> 0:32:33.600
<v Speaker 1>that are coming online to run AIS are now the

0:32:33.640 --> 0:32:37.520
<v Speaker 1>commodity or now the component of commodity cost push inflation right,

0:32:38.040 --> 0:32:41.040
<v Speaker 1>because gasoline prices year over year were down six point

0:32:41.120 --> 0:32:45.120
<v Speaker 1>six percent, but electricity prices year over Europe thirteen percent.

0:32:45.240 --> 0:32:47.600
<v Speaker 1>Piped natural gas was up nine percent. That was like

0:32:47.680 --> 0:32:50.880
<v Speaker 1>nine That was like most of the CPI rise, whereas gasoline.

0:32:50.920 --> 0:32:53.720
<v Speaker 1>So if it was just the gasoline story like it

0:32:53.760 --> 0:32:56.600
<v Speaker 1>has been up for the last four years, yeah, I

0:32:56.600 --> 0:32:59.600
<v Speaker 1>would have been correct. So because the CPI is blowing

0:32:59.600 --> 0:33:02.960
<v Speaker 1>out and the price of gasoline is falling or at

0:33:03.040 --> 0:33:05.520
<v Speaker 1>least is flat at around two dollars a gallon, that

0:33:05.640 --> 0:33:08.120
<v Speaker 1>tells you that we're maybe if we get two or

0:33:08.120 --> 0:33:11.080
<v Speaker 1>three months worth of data, that's that confirms this trend.

0:33:11.240 --> 0:33:14.360
<v Speaker 3>It's not a trend yet, just a data point that

0:33:14.440 --> 0:33:14.800
<v Speaker 3>we're in a.

0:33:14.760 --> 0:33:18.760
<v Speaker 1>Different environment and we have much less likelation than we

0:33:18.800 --> 0:33:22.280
<v Speaker 1>have forty five as opposed to fifty. Because when you

0:33:22.320 --> 0:33:24.040
<v Speaker 1>said we're gonna play the they're just still gonna play

0:33:24.040 --> 0:33:24.720
<v Speaker 1>the inflation game.

0:33:25.120 --> 0:33:26.880
<v Speaker 2>When you say we're in a much different environment, does

0:33:26.920 --> 0:33:29.080
<v Speaker 2>that mean that we actually have less environment than what

0:33:29.120 --> 0:33:30.600
<v Speaker 2>the CBI tells us or we have more.

0:33:31.720 --> 0:33:35.520
<v Speaker 1>What I mean is that we're moving into a different

0:33:36.760 --> 0:33:39.880
<v Speaker 1>environment from the purpose, from the standpoint of the credit

0:33:39.920 --> 0:33:44.240
<v Speaker 1>and and and in place meaning what I mean is

0:33:44.720 --> 0:33:48.480
<v Speaker 1>I think the most likely thing. But again I can

0:33:48.720 --> 0:33:52.960
<v Speaker 1>I can make two hypotheses here that we're moving into

0:33:53.000 --> 0:33:55.360
<v Speaker 1>what I would call it a stackflationary define environment. Now

0:33:55.360 --> 0:33:58.400
<v Speaker 1>I define staculation differently than the rest of the world does,

0:33:58.440 --> 0:34:03.240
<v Speaker 1>because well, the Phillips curve was always bullshit, which is

0:34:03.280 --> 0:34:06.680
<v Speaker 1>how we defined the cyclation of the seventies, high unemployment

0:34:06.680 --> 0:34:09.920
<v Speaker 1>with high inflation, because that the Canesian model said that

0:34:09.960 --> 0:34:12.439
<v Speaker 1>can't possibly be true because the Phillips curve blah blah

0:34:12.440 --> 0:34:14.480
<v Speaker 1>blah blah. I'm like, the Phillips curve is always nonsense.

0:34:15.040 --> 0:34:18.440
<v Speaker 1>We're in a different environment today. I've always said, whenever

0:34:18.480 --> 0:34:20.240
<v Speaker 1>we get to a moment like this is like post

0:34:20.280 --> 0:34:24.840
<v Speaker 1>two thousand and eight, right, I remember, like Petership versus

0:34:24.840 --> 0:34:26.399
<v Speaker 1>Harry Dent debates from that back time.

0:34:26.880 --> 0:34:29.560
<v Speaker 3>Is if deflation or is it inflation? I'm like, it's both.

0:34:29.840 --> 0:34:34.319
<v Speaker 1>It's a red asset based deflation. It's commodity it's commodity

0:34:34.480 --> 0:34:37.520
<v Speaker 1>price inflation. The two are going to meet one. You've

0:34:37.560 --> 0:34:40.520
<v Speaker 1>got You've got, you know, a reorganization of the economy

0:34:40.560 --> 0:34:43.799
<v Speaker 1>out of the hyper financialized into the real economy. As

0:34:43.840 --> 0:34:46.240
<v Speaker 1>you do that, you're now going to put upward pressure

0:34:46.280 --> 0:34:49.239
<v Speaker 1>on commodity prices. Going to supply chains take time to

0:34:49.239 --> 0:34:52.279
<v Speaker 1>build out. Therefore, you know, the commodity cycles were always

0:34:52.320 --> 0:34:53.280
<v Speaker 1>out of phase with the price.

0:34:53.680 --> 0:34:55.960
<v Speaker 3>Therefore, you should start to see both of these.

0:34:55.960 --> 0:34:58.000
<v Speaker 1>You should start to see kind of a reversion, a

0:34:58.080 --> 0:35:02.240
<v Speaker 1>mean reversion, and that period is best then, and because

0:35:02.280 --> 0:35:04.560
<v Speaker 1>of that, you're going to have high unemployment. You might

0:35:04.600 --> 0:35:08.920
<v Speaker 1>have rising inflation, price inflation overall for the things that

0:35:08.960 --> 0:35:11.239
<v Speaker 1>matter to people. People will complain about food inflation and

0:35:11.239 --> 0:35:16.880
<v Speaker 1>housing inflation and whatnot. But you know, but home prices

0:35:16.920 --> 0:35:19.000
<v Speaker 1>may fall, you know what I mean?

0:35:19.560 --> 0:35:24.240
<v Speaker 2>Or yeah, you know, I see on trueflation today they're

0:35:24.280 --> 0:35:26.160
<v Speaker 2>calling inflation at two percent.

0:35:28.080 --> 0:35:30.160
<v Speaker 3>And it was that's right over it seven a couple

0:35:30.200 --> 0:35:30.800
<v Speaker 3>of weeks ago.

0:35:31.000 --> 0:35:33.480
<v Speaker 1>I watched trueflation every once in a while, I check

0:35:33.520 --> 0:35:36.480
<v Speaker 1>in with it so at interesting moments in time. So

0:35:37.320 --> 0:35:39.120
<v Speaker 1>I think it's a good model, but I don't think

0:35:39.120 --> 0:35:40.799
<v Speaker 1>it's perfect. But I think it's a better model than

0:35:40.800 --> 0:35:42.320
<v Speaker 1>the CPI certainly.

0:35:42.760 --> 0:35:45.080
<v Speaker 2>Yeah, okay, So I want to take you back, and

0:35:45.120 --> 0:35:47.040
<v Speaker 2>I want to get back on the conversation of your

0:35:47.200 --> 0:35:49.880
<v Speaker 2>plan that you laid down twenty nineteen. That's all coming true.

0:35:50.040 --> 0:35:53.400
<v Speaker 2>So if I'm recapping this plan. Part of this is

0:35:53.440 --> 0:35:55.920
<v Speaker 2>all based off of we've only heard about the liabilities

0:35:55.920 --> 0:35:58.040
<v Speaker 2>of the US government. We haven't heard about the asset base.

0:35:58.680 --> 0:36:00.480
<v Speaker 3>So the first time I had heard that was.

0:36:00.400 --> 0:36:03.279
<v Speaker 2>Howard Lutnik who came on the Trump administration on All

0:36:03.320 --> 0:36:05.560
<v Speaker 2>In podcasts, and he was talking about how, you know,

0:36:05.840 --> 0:36:07.719
<v Speaker 2>through his fund, he's you know, taken over all these

0:36:07.760 --> 0:36:10.000
<v Speaker 2>different businesses, and when he comes and looks at these businesses,

0:36:10.040 --> 0:36:12.200
<v Speaker 2>he looks at all the different assets and the balance sheets,

0:36:12.200 --> 0:36:14.480
<v Speaker 2>and he's like, we all hear about the debt of

0:36:14.160 --> 0:36:16.799
<v Speaker 2>the country, but we never once have heard about the

0:36:16.880 --> 0:36:17.560
<v Speaker 2>asset base.

0:36:18.080 --> 0:36:19.680
<v Speaker 3>And so I thought that was very interesting.

0:36:19.719 --> 0:36:22.239
<v Speaker 2>And so what you're saying is since twenty nineteen, you've

0:36:22.239 --> 0:36:24.160
<v Speaker 2>been sort of looking at this. Now this is coming true.

0:36:24.200 --> 0:36:27.200
<v Speaker 2>I heard Howard Lutnik talk about it. You're talking about

0:36:27.440 --> 0:36:30.120
<v Speaker 2>ways that they could start to revalue some of these

0:36:30.160 --> 0:36:33.360
<v Speaker 2>assets and come up with whatever that valuation is. Sure,

0:36:34.320 --> 0:36:36.920
<v Speaker 2>and so anyway, go ahead and lay out the rest

0:36:36.920 --> 0:36:38.440
<v Speaker 2>of the plan for us from there, Well.

0:36:38.480 --> 0:36:40.520
<v Speaker 1>Yeah, let's let's just start out there. Like you this

0:36:40.560 --> 0:36:41.960
<v Speaker 1>is when you start to and this is when you

0:36:41.960 --> 0:36:46.120
<v Speaker 1>start to open up federal lands for physical export exploitations

0:36:46.120 --> 0:36:48.160
<v Speaker 1>when you used to rebuild the infrastructure of the country

0:36:48.320 --> 0:36:52.040
<v Speaker 1>so that it's you improve the comparative our productive capacity of.

0:36:51.520 --> 0:36:52.600
<v Speaker 3>Of individual workers.

0:36:52.719 --> 0:36:55.600
<v Speaker 1>You also have to recapitalize the middle class, and you've

0:36:55.600 --> 0:36:59.120
<v Speaker 1>got to do that by opening up the small and

0:36:59.120 --> 0:37:01.840
<v Speaker 1>medium banking regime. And that's where I think stable the

0:37:01.840 --> 0:37:07.839
<v Speaker 1>stable coin bills come in, and and the but the

0:37:07.880 --> 0:37:10.239
<v Speaker 1>big one is that you've got to open up the

0:37:10.239 --> 0:37:12.319
<v Speaker 1>cash flow of the middle class. And how you do

0:37:12.360 --> 0:37:14.600
<v Speaker 1>that is you get you've got to get Fanning and

0:37:14.600 --> 0:37:15.920
<v Speaker 1>Freddy A out of conservatorship.

0:37:16.000 --> 0:37:17.239
<v Speaker 3>You've got to get them moving again.

0:37:17.320 --> 0:37:20.200
<v Speaker 1>The libertarians are going to hate this, but unfortunately this

0:37:20.239 --> 0:37:23.280
<v Speaker 1>is the truth. The thirty year more fixed rate mortgage

0:37:23.480 --> 0:37:26.880
<v Speaker 1>is one of the greatest inventions in American history. The

0:37:26.920 --> 0:37:29.480
<v Speaker 1>government back thirty year fixed rate mortgage is one of

0:37:29.480 --> 0:37:32.359
<v Speaker 1>the great inventions of human history because what it did

0:37:32.480 --> 0:37:34.520
<v Speaker 1>was it opened up the productive capacity of the middle

0:37:34.600 --> 0:37:37.640
<v Speaker 1>class to get a fixed costs and however much their

0:37:37.680 --> 0:37:40.040
<v Speaker 1>mortgage was going to be, and then use that to

0:37:40.160 --> 0:37:43.960
<v Speaker 1>then build businesses that created a higher return on investment

0:37:44.040 --> 0:37:45.799
<v Speaker 1>over the course of the life and the loan, and

0:37:45.840 --> 0:37:48.560
<v Speaker 1>thereby they were paying them. They were paying back their

0:37:48.560 --> 0:37:51.680
<v Speaker 1>mortgage with appreciating money because they were making five percent

0:37:51.680 --> 0:37:53.200
<v Speaker 1>of their business, was growing five percent of the year,

0:37:53.200 --> 0:37:54.560
<v Speaker 1>and they were paying three three and a half percent

0:37:54.600 --> 0:37:59.040
<v Speaker 1>on their mortgages. Now, we could argue about the suppression

0:37:59.040 --> 0:38:00.640
<v Speaker 1>of interest rates and risks and everything else, but the

0:38:00.680 --> 0:38:02.920
<v Speaker 1>truth of the matter is is that Fanny and Freddie

0:38:02.960 --> 0:38:09.640
<v Speaker 1>were an unbelievably successful project until the weirdness of the

0:38:09.680 --> 0:38:12.160
<v Speaker 1>early two thousands. And I've gotten to the point now

0:38:12.200 --> 0:38:13.719
<v Speaker 1>where I honestly believe.

0:38:13.480 --> 0:38:15.480
<v Speaker 3>That that was an operation.

0:38:16.719 --> 0:38:19.520
<v Speaker 1>That the entire financial crisis of the year of two

0:38:19.560 --> 0:38:21.759
<v Speaker 1>thousand and eight was designed from the ground up to

0:38:21.800 --> 0:38:25.640
<v Speaker 1>destroy the thirty year mortgage and strip people of the

0:38:25.680 --> 0:38:28.640
<v Speaker 1>ability to be able to buy a home, and then

0:38:29.080 --> 0:38:31.520
<v Speaker 1>create a massive inflation that raised the price of a

0:38:31.560 --> 0:38:36.799
<v Speaker 1>home to way beyond what anybody could afford. And you know,

0:38:36.960 --> 0:38:39.919
<v Speaker 1>the terms were so onerous, twenty five thirty percent down,

0:38:40.320 --> 0:38:42.680
<v Speaker 1>massive changes to underwriting rules.

0:38:42.719 --> 0:38:43.160
<v Speaker 3>I'm fighting.

0:38:43.200 --> 0:38:45.680
<v Speaker 1>I've been fighting with Wells Fargo for a couple of

0:38:46.160 --> 0:38:50.560
<v Speaker 1>months now, practically as a small business owner, because I

0:38:50.560 --> 0:38:53.239
<v Speaker 1>don't because I'm not on a W two and so underwriting,

0:38:53.560 --> 0:38:55.880
<v Speaker 1>you know, literally wants to sniff up my ass all

0:38:55.920 --> 0:38:58.480
<v Speaker 1>the way back to you know, the time I was

0:38:58.480 --> 0:39:01.440
<v Speaker 1>in my mom's womb and order to get a fucking mortgage,

0:39:01.440 --> 0:39:04.120
<v Speaker 1>and I'm like, no, you know, I mean and I

0:39:04.120 --> 0:39:07.359
<v Speaker 1>mean everything, and like it's I'm like, no, I make

0:39:07.440 --> 0:39:09.440
<v Speaker 1>this much money, it's more than enough. I'm not asking

0:39:09.480 --> 0:39:10.840
<v Speaker 1>for a lot. Give me the freaking note, and they

0:39:10.840 --> 0:39:13.719
<v Speaker 1>won't do it. And some of that is because of

0:39:13.800 --> 0:39:17.120
<v Speaker 1>the way Sarbine's Oxley was written and the way God

0:39:17.200 --> 0:39:20.200
<v Speaker 1>Frank was written. It was all written with the purpose

0:39:20.320 --> 0:39:24.520
<v Speaker 1>of making it nearly impossible for small business owners to

0:39:24.640 --> 0:39:29.960
<v Speaker 1>get mortgages in a reasonable time frame if they had

0:39:30.000 --> 0:39:34.279
<v Speaker 1>any kind of complications in their in their income stream, whatsoever.

0:39:34.800 --> 0:39:37.520
<v Speaker 1>And so we overcorrect it to the point of creating

0:39:37.680 --> 0:39:40.520
<v Speaker 1>this nightmare. And so the only way people and then

0:39:40.600 --> 0:39:42.520
<v Speaker 1>let's not even get into the fact that you know,

0:39:42.560 --> 0:39:44.759
<v Speaker 1>now we're talking about loan to value ratios and you

0:39:44.800 --> 0:39:46.759
<v Speaker 1>know how much money they have to put down and

0:39:46.800 --> 0:39:48.640
<v Speaker 1>blah blah blah blah blah. When you start to really

0:39:48.680 --> 0:39:50.759
<v Speaker 1>look at like all of this stuff, like who the

0:39:50.760 --> 0:39:52.240
<v Speaker 1>hell's got twenty percent to put.

0:39:52.120 --> 0:39:52.800
<v Speaker 3>Down on a house?

0:39:53.640 --> 0:39:56.440
<v Speaker 2>If if I'm not mistaken, I believe it was Bill Clinton.

0:39:56.600 --> 0:39:58.239
<v Speaker 2>Maybe it was under Reagan, but I think it was

0:39:58.280 --> 0:40:00.600
<v Speaker 2>under Bill Clinton that they also really wanted to kind

0:40:00.640 --> 0:40:02.560
<v Speaker 2>of push for this home ownership, which sort of led

0:40:02.560 --> 0:40:03.880
<v Speaker 2>to that that housing bubble.

0:40:04.080 --> 0:40:06.160
<v Speaker 3>But part of it was because they felt.

0:40:05.880 --> 0:40:09.000
<v Speaker 2>Like Americans should own property and there should be that

0:40:09.040 --> 0:40:10.560
<v Speaker 2>sort of pride of ownership there.

0:40:10.920 --> 0:40:13.880
<v Speaker 1>I mean, pride of ownership is I mean ownership, property

0:40:13.880 --> 0:40:17.759
<v Speaker 1>ownership is how you build generational wealth and expid about

0:40:17.760 --> 0:40:20.320
<v Speaker 1>property taxes. So that's another thing that's that's nass in

0:40:20.400 --> 0:40:22.200
<v Speaker 1>here that we finally get rid of property taxes in

0:40:22.239 --> 0:40:26.000
<v Speaker 1>the the thousand year old feudalism brought in by William

0:40:26.040 --> 0:40:30.439
<v Speaker 1>the Conqueror to England and to the West, Like.

0:40:30.520 --> 0:40:31.280
<v Speaker 3>This is evil.

0:40:31.680 --> 0:40:34.359
<v Speaker 1>We're still we're still like we should not be paying

0:40:34.360 --> 0:40:37.279
<v Speaker 1>rent to the government when we own our own right

0:40:37.280 --> 0:40:39.080
<v Speaker 1>like that. I mean, like, I mean, you know, I'm

0:40:39.080 --> 0:40:41.600
<v Speaker 1>still libertarian enough to believe that taxes are theft. I'm

0:40:41.600 --> 0:40:44.800
<v Speaker 1>not like you're not gonna lie idea, but like property

0:40:44.840 --> 0:40:47.640
<v Speaker 1>taxes are still the original Senate government, Like you should

0:40:47.680 --> 0:40:50.280
<v Speaker 1>not you should not have to pay rent to the government.

0:40:50.440 --> 0:40:55.360
<v Speaker 3>That's feudalism, folks, Yeah, like it is. It's not paying

0:40:55.440 --> 0:40:58.680
<v Speaker 3>for the fucking school system. It's feudalism.

0:41:00.160 --> 0:41:03.120
<v Speaker 2>Yeah, it takes me back to the video piece I

0:41:03.160 --> 0:41:06.839
<v Speaker 2>was talking from Charlie Kirk where he said that happy people,

0:41:06.880 --> 0:41:09.880
<v Speaker 2>grateful people, don't get behind Vladimir Lenin or Chavez or Castro.

0:41:10.200 --> 0:41:13.239
<v Speaker 2>People that own nothing, that feel like their property is diminishing.

0:41:13.320 --> 0:41:15.839
<v Speaker 2>They don't own property or their dollars diminishing value, they

0:41:15.880 --> 0:41:19.000
<v Speaker 2>start to look for alternatives. And so that was Charlie

0:41:19.040 --> 0:41:20.720
<v Speaker 2>Kirk saying that, and so kind of to your point,

0:41:20.760 --> 0:41:23.759
<v Speaker 2>it's like giving them home, so they have that ownership

0:41:23.840 --> 0:41:26.520
<v Speaker 2>and then the other side is taking that away. I

0:41:26.520 --> 0:41:28.640
<v Speaker 2>want to continue with this plan that you've laid out

0:41:28.640 --> 0:41:30.360
<v Speaker 2>because I have a couple questions about that, and so

0:41:30.560 --> 0:41:32.480
<v Speaker 2>I want to talk about Trump's ability to get this done.

0:41:32.520 --> 0:41:34.640
<v Speaker 2>You were talking about, you know, some of these things

0:41:34.680 --> 0:41:37.799
<v Speaker 2>you do with the Supreme Court. But before I ask

0:41:37.880 --> 0:41:42.120
<v Speaker 2>you that question again, this week China had this landmark

0:41:42.200 --> 0:41:44.600
<v Speaker 2>military parade. A lot of quotes and stuff were coming

0:41:44.600 --> 0:41:47.280
<v Speaker 2>out of that. One thing I saw in Political Magazine

0:41:47.280 --> 0:41:51.560
<v Speaker 2>is said that the Pentagon's plan is now changed and

0:41:51.600 --> 0:41:56.960
<v Speaker 2>now they're prioritizing homeland over the China threat.

0:41:57.680 --> 0:42:01.600
<v Speaker 1>It's deeper than that. So is this the game board

0:42:02.040 --> 0:42:05.000
<v Speaker 1>I believe fundamentally that the name change around the Department

0:42:05.080 --> 0:42:07.759
<v Speaker 1>of Defense to the Department of War is in order

0:42:07.800 --> 0:42:11.440
<v Speaker 1>to literally use the legalese to say, the Department of Defense,

0:42:11.480 --> 0:42:14.479
<v Speaker 1>which no longer exists, no longer has to operate under

0:42:14.480 --> 0:42:18.040
<v Speaker 1>the twenty eighteen National Defense Authorization Act, which was re

0:42:18.080 --> 0:42:20.959
<v Speaker 1>uped in twenty twenty two. The name, the name change

0:42:21.000 --> 0:42:22.719
<v Speaker 1>is important. It's like, you know, it's like all the

0:42:22.719 --> 0:42:25.200
<v Speaker 1>contracts that were written against the golf of all the treaties,

0:42:25.239 --> 0:42:27.600
<v Speaker 1>is that they were issued against the Gulf of Mexico.

0:42:27.640 --> 0:42:29.280
<v Speaker 3>Well we changed the name of the Gulf of America,

0:42:29.360 --> 0:42:32.200
<v Speaker 3>so you know what I mean. Like you two can

0:42:32.239 --> 0:42:33.840
<v Speaker 3>play the legalese game, folks.

0:42:33.920 --> 0:42:36.480
<v Speaker 1>And you know, and I hadn't thought about that this

0:42:36.520 --> 0:42:38.880
<v Speaker 1>has like Stephen Miller written all over it, folks. Like

0:42:38.920 --> 0:42:41.440
<v Speaker 1>I'm that serious when I say this is like Miller

0:42:41.560 --> 0:42:43.560
<v Speaker 1>is like clear of the clearly the guy who's in

0:42:43.600 --> 0:42:46.840
<v Speaker 1>charge of the chart over Trump Central, which is opposing

0:42:46.880 --> 0:42:50.560
<v Speaker 1>the Gan chart over at Evil Corpse Central, right the

0:42:50.680 --> 0:42:53.120
<v Speaker 1>you know Microsoft project files of all this stuff that

0:42:53.200 --> 0:42:55.840
<v Speaker 1>you know, while they advanced their plans, the Trump is

0:42:55.840 --> 0:42:57.960
<v Speaker 1>advancing is and you know, they're playing their games and

0:42:57.960 --> 0:43:00.560
<v Speaker 1>every and you know, sometimes they win one and sometimes

0:43:00.560 --> 0:43:01.200
<v Speaker 1>Trump wins one.

0:43:01.280 --> 0:43:01.839
<v Speaker 3>This is the way.

0:43:01.960 --> 0:43:03.920
<v Speaker 1>It's the way war works, folks. And if it's you're

0:43:03.960 --> 0:43:07.640
<v Speaker 1>uncomfortable with it, oh well, like you know, it's a foxhole.

0:43:07.840 --> 0:43:09.560
<v Speaker 1>Like you can dig it deeper if you want, but

0:43:10.239 --> 0:43:11.439
<v Speaker 1>eventually you're gonna have to fight.

0:43:13.080 --> 0:43:14.520
<v Speaker 3>What does the name change mean?

0:43:15.400 --> 0:43:17.000
<v Speaker 1>So the main so the name change and it gives

0:43:17.040 --> 0:43:19.040
<v Speaker 1>them the state they really they don't have to follow

0:43:19.040 --> 0:43:23.480
<v Speaker 1>the NDAA and the NDA said the Department Offense must

0:43:23.560 --> 0:43:25.920
<v Speaker 1>prepare to fight a two front war against Russian and China.

0:43:27.880 --> 0:43:30.040
<v Speaker 3>That's not what we're doing anymore. Now.

0:43:30.160 --> 0:43:33.920
<v Speaker 1>We are prioritizing walking down the Western hemisphere.

0:43:34.440 --> 0:43:39.120
<v Speaker 3>Now. I said back in November when.

0:43:39.040 --> 0:43:44.120
<v Speaker 1>Marco Rubio was nominated to be Secretary of State, everybody's like,

0:43:44.120 --> 0:43:46.600
<v Speaker 1>ahy that Neo Conree's and Aralis first, they're not and

0:43:46.680 --> 0:43:49.279
<v Speaker 1>they focus on all that stuff and they forget the

0:43:49.280 --> 0:43:54.520
<v Speaker 1>phone party. Marco is really well liked around Central and

0:43:54.520 --> 0:43:55.240
<v Speaker 1>South America.

0:43:56.600 --> 0:43:57.839
<v Speaker 3>And that was.

0:43:58.040 --> 0:44:02.239
<v Speaker 1>Quite an open political geopolitical statement to the Chinese and

0:44:02.280 --> 0:44:07.040
<v Speaker 1>the Russians that we are getting prepared to extricate ourselves

0:44:07.280 --> 0:44:14.800
<v Speaker 1>from the British mackinderesque tall poppy syndrome. Problem of keeping

0:44:14.880 --> 0:44:20.320
<v Speaker 1>all of of of keeping all of a a mess

0:44:20.440 --> 0:44:24.600
<v Speaker 1>so that nobody can rise and retrenching and refocusing our

0:44:24.640 --> 0:44:29.560
<v Speaker 1>efforts to creating fortress North and you know, the western hemisphere.

0:44:29.600 --> 0:44:33.240
<v Speaker 1>It's like, this is our area. Y'all have your area.

0:44:33.560 --> 0:44:35.400
<v Speaker 1>I don't care what and we don't care what happens

0:44:35.440 --> 0:44:38.919
<v Speaker 1>to Europe. We want out of NATO, we want out

0:44:38.960 --> 0:44:41.399
<v Speaker 1>of the un Like, but we can't say any of that.

0:44:41.560 --> 0:44:45.040
<v Speaker 1>He can't do that directly while you've got these old guards,

0:44:45.280 --> 0:44:49.080
<v Speaker 1>when you've got Mitchell McConnell's and Lisa Murkowski's and the Senate,

0:44:49.520 --> 0:44:51.879
<v Speaker 1>they will, they will get together and they will impeach him.

0:44:52.400 --> 0:44:54.839
<v Speaker 1>They but they can't impeach him if he doesn't state

0:44:54.880 --> 0:44:56.880
<v Speaker 1>the state that that's what he's gonna do. You know

0:44:56.880 --> 0:44:58.799
<v Speaker 1>what I mean, Like you have to play the game

0:44:58.840 --> 0:45:02.520
<v Speaker 1>of what's said or what's being done and what's said.

0:45:03.080 --> 0:45:07.160
<v Speaker 1>That's politics. And there's no way that Chuck Shuwery company

0:45:07.160 --> 0:45:10.799
<v Speaker 1>can impeach Trump over what not wanting to go to

0:45:10.880 --> 0:45:14.160
<v Speaker 1>war with Ukraine, with Russia over Ukraine, not wanting to

0:45:14.880 --> 0:45:18.560
<v Speaker 1>you know, make the American people unsafe and the targets

0:45:18.560 --> 0:45:22.160
<v Speaker 1>of the potential in Russian nuclear weapon or seventy. Really

0:45:22.520 --> 0:45:24.719
<v Speaker 1>you want to impeach him for that? How about No,

0:45:25.400 --> 0:45:27.920
<v Speaker 1>it's what we voted for. They keep asking us over

0:45:27.960 --> 0:45:29.560
<v Speaker 1>and over and over again, did you vote for this?

0:45:29.640 --> 0:45:33.680
<v Speaker 1>I'm like, yeah, kinda, no, actually I voted really voted

0:45:33.760 --> 0:45:39.440
<v Speaker 1>for that. And so that's the game. And when we

0:45:39.640 --> 0:45:42.680
<v Speaker 1>when you understand the game. And I thought people understood

0:45:42.680 --> 0:45:46.560
<v Speaker 1>politics better than this, but apparently not, Like I mean,

0:45:46.760 --> 0:45:50.200
<v Speaker 1>I don't know, I'm not This isn't this isn't bogus

0:45:50.200 --> 0:45:52.239
<v Speaker 1>to you, Mark. This is like in general, I watch

0:45:52.320 --> 0:45:54.360
<v Speaker 1>people on a day to day basis. I watch people

0:45:54.360 --> 0:45:58.200
<v Speaker 1>who are supposed to be astute political commentators not get

0:45:58.239 --> 0:46:02.360
<v Speaker 1>this basic concept. Like we used to have reasonable political

0:46:02.400 --> 0:46:04.120
<v Speaker 1>debate in this country. I used to watch cross Talk

0:46:04.120 --> 0:46:06.040
<v Speaker 1>with them, and I used to watch the maclauchlin group

0:46:06.080 --> 0:46:07.440
<v Speaker 1>with Buchanan and the rest.

0:46:07.320 --> 0:46:10.120
<v Speaker 3>Of them, and yeah, you know, half of them were morons.

0:46:10.120 --> 0:46:12.160
<v Speaker 3>So especially that Elean or whatever the hell her name was,

0:46:12.160 --> 0:46:12.600
<v Speaker 3>not Elbert.

0:46:13.640 --> 0:46:16.359
<v Speaker 1>She was terrible, but at the very least they knew shit.

0:46:17.400 --> 0:46:20.279
<v Speaker 1>Yeah right, she could hold her own against Buchanan even

0:46:20.320 --> 0:46:23.279
<v Speaker 1>if she was hot. She was hateful, but you know,

0:46:23.320 --> 0:46:25.479
<v Speaker 1>watching the Maconaqulin group today, We've got nothing.

0:46:25.480 --> 0:46:28.319
<v Speaker 3>We've got a bunch of you know, talking monkeys.

0:46:28.760 --> 0:46:31.359
<v Speaker 2>You know, so we get back if if we get

0:46:31.360 --> 0:46:33.920
<v Speaker 2>back to the plan, we're talking about revaluing the US's assets,

0:46:34.480 --> 0:46:36.719
<v Speaker 2>which would I guess potentially then lead to revaluing the

0:46:36.719 --> 0:46:41.239
<v Speaker 2>gold talking about changing the structure of the game board

0:46:41.239 --> 0:46:43.240
<v Speaker 2>of the U S sort of retrenching back to the west,

0:46:43.600 --> 0:46:48.120
<v Speaker 2>the western hemisphere. You talked about Trump's sort of narrow

0:46:48.200 --> 0:46:51.279
<v Speaker 2>margin of victory in the House, in the Senate. A

0:46:51.360 --> 0:46:53.719
<v Speaker 2>lot of that could be maybe resolved through this new

0:46:53.760 --> 0:46:59.240
<v Speaker 2>Senate census that's being pushed through and sort of redistish.

0:46:57.520 --> 0:46:59.320
<v Speaker 3>Stream all those lines.

0:47:00.040 --> 0:47:03.040
<v Speaker 2>But I guess my question is, I mean, that's a

0:47:03.080 --> 0:47:05.440
<v Speaker 2>pretty tall order to get done in the next three years.

0:47:05.680 --> 0:47:06.000
<v Speaker 3>It is.

0:47:06.160 --> 0:47:07.880
<v Speaker 1>It's a lot to get done. Because you think not

0:47:07.960 --> 0:47:09.759
<v Speaker 1>everything is going to get done in next three years. No,

0:47:10.560 --> 0:47:12.640
<v Speaker 1>you've got to get through the midterms. You get through

0:47:12.680 --> 0:47:16.720
<v Speaker 1>the midterms with a durable with a real durable majority

0:47:16.760 --> 0:47:18.719
<v Speaker 1>in the House of the Senate, and a lot a

0:47:18.719 --> 0:47:20.319
<v Speaker 1>lot of stuff can get done in the next two years.

0:47:20.400 --> 0:47:23.160
<v Speaker 1>You set what Trump can do before he leaves is

0:47:23.160 --> 0:47:27.720
<v Speaker 1>to set the foundation in place bestin is clearly setting

0:47:27.719 --> 0:47:30.759
<v Speaker 1>the foundation in place to overhaul bring the Treasury more

0:47:31.520 --> 0:47:36.440
<v Speaker 1>central to the monetary transmission system, sidelining the FED to

0:47:36.920 --> 0:47:39.840
<v Speaker 1>some extent. I think that I think he and Powell

0:47:39.880 --> 0:47:43.360
<v Speaker 1>are both agreed in in the long run that the

0:47:43.360 --> 0:47:45.560
<v Speaker 1>FED has to be returned to its pre Banking Act

0:47:45.600 --> 0:47:49.800
<v Speaker 1>of nineteen thirty five routes right, or the very least,

0:47:50.000 --> 0:47:52.880
<v Speaker 1>If not to that, then to a version of the

0:47:52.880 --> 0:47:54.840
<v Speaker 1>FED that is not involved.

0:47:55.800 --> 0:47:58.920
<v Speaker 3>It only safeguards the treasury.

0:47:58.560 --> 0:48:01.480
<v Speaker 1>Market from the international person effective, but the domestic treasury

0:48:01.520 --> 0:48:04.040
<v Speaker 1>market is under the purview of the Treasury and how

0:48:04.080 --> 0:48:08.000
<v Speaker 1>the and how that demand is maintained. And then the

0:48:08.480 --> 0:48:11.520
<v Speaker 1>Fed's job is to backstop the commercial paper market domestically,

0:48:12.200 --> 0:48:16.319
<v Speaker 1>backstop the international value of the dollar internationally, and walk

0:48:16.360 --> 0:48:18.840
<v Speaker 1>away from all of its other responsibilities.

0:48:20.560 --> 0:48:22.120
<v Speaker 3>That would be a perfectly.

0:48:21.680 --> 0:48:25.960
<v Speaker 1>Reasonable, you know, situation for the Federal Reserve for the

0:48:26.000 --> 0:48:29.120
<v Speaker 1>next transition period, for the next decade or generation or

0:48:29.120 --> 0:48:32.280
<v Speaker 1>whatever after that. You and I can have a conversation.

0:48:32.320 --> 0:48:34.600
<v Speaker 1>But if I'm not dead of a heart attack, so

0:48:35.719 --> 0:48:37.400
<v Speaker 1>you know, because I don't think that's I don't know

0:48:37.480 --> 0:48:39.480
<v Speaker 1>how long much longer I'm going, we'll say I mean,

0:48:39.880 --> 0:48:41.960
<v Speaker 1>I just don't. I don't see myself living the past

0:48:41.960 --> 0:48:43.279
<v Speaker 1>seventy five, seventy seven years old.

0:48:43.320 --> 0:48:47.000
<v Speaker 3>I just don't. So I think it's but that's the timeline.

0:48:47.080 --> 0:48:48.719
<v Speaker 1>So what you're doing now is you're setting up the

0:48:48.800 --> 0:48:52.920
<v Speaker 1>durable political advantage through two things. You redistrict like states

0:48:53.000 --> 0:48:56.680
<v Speaker 1>left and right. The Democrats lose, you know, lose people

0:48:56.760 --> 0:48:59.200
<v Speaker 1>left and right. This is I think, what's I think

0:48:59.239 --> 0:49:05.960
<v Speaker 1>if Charlie Kerr and Arena Zarutzka, I think that's how

0:49:06.000 --> 0:49:09.800
<v Speaker 1>you pronounce your name. If they have any staying power

0:49:10.320 --> 0:49:15.600
<v Speaker 1>as symbols, it will be for everybody to stand up

0:49:15.640 --> 0:49:20.000
<v Speaker 1>and go, Okay, that's enough, no more. We have work

0:49:20.040 --> 0:49:22.880
<v Speaker 1>to do and it's time to move on. You know,

0:49:23.080 --> 0:49:24.640
<v Speaker 1>yesterday when I was again when I was doing the

0:49:24.680 --> 0:49:27.040
<v Speaker 1>market report yesterday, right before I sat down the hit record,

0:49:27.360 --> 0:49:29.960
<v Speaker 1>so I was popping through my Slack server and somebody

0:49:29.960 --> 0:49:33.600
<v Speaker 1>had posted this AI. I was clearly an AI picture

0:49:34.040 --> 0:49:38.480
<v Speaker 1>of a mural of of Arena up on a tenement wall,

0:49:38.520 --> 0:49:41.200
<v Speaker 1>and you know, imagine like Baltimore or whatever.

0:49:41.640 --> 0:49:44.200
<v Speaker 3>Yep. And I took one look at.

0:49:44.080 --> 0:49:47.400
<v Speaker 1>That, and it was in service of the tweet that

0:49:47.440 --> 0:49:49.560
<v Speaker 1>went out by some guys that I'm gonna raise I

0:49:49.600 --> 0:49:52.360
<v Speaker 1>want to raise five hundred thousand dollars to do block

0:49:52.680 --> 0:49:55.879
<v Speaker 1>art block grants to paint murals of Irena all over

0:49:55.920 --> 0:49:56.600
<v Speaker 1>the United States.

0:49:56.600 --> 0:49:58.160
<v Speaker 3>And then Elon Musk comes in and says, I pledge

0:49:58.160 --> 0:50:00.520
<v Speaker 3>a million dollars. Yeah, I saw that, and I went,

0:50:01.880 --> 0:50:03.560
<v Speaker 3>that's how you handle this?

0:50:04.360 --> 0:50:07.640
<v Speaker 1>Oh yeah, Oh no, No, you absolutely beat the living

0:50:07.719 --> 0:50:11.040
<v Speaker 1>shit out of anybody that is going to treat another

0:50:11.080 --> 0:50:15.840
<v Speaker 1>woman like anywhere close to what that animal treat how

0:50:15.880 --> 0:50:19.120
<v Speaker 1>that animal treated her like. We have to step up

0:50:19.200 --> 0:50:21.880
<v Speaker 1>as men and say we're willing to protect our women

0:50:22.080 --> 0:50:25.359
<v Speaker 1>and we're not, and we're no longer going to indulge

0:50:25.760 --> 0:50:31.319
<v Speaker 1>in the erasure of women and the erasure of men

0:50:32.840 --> 0:50:36.319
<v Speaker 1>from our society by blending them into some you know,

0:50:37.480 --> 0:50:41.200
<v Speaker 1>non binary milange of purple hairs and tattoos. Fuck off, No,

0:50:41.320 --> 0:50:43.360
<v Speaker 1>we're not doing that. That is not the world that

0:50:43.360 --> 0:50:45.080
<v Speaker 1>any of us want to live in. And what that

0:50:45.160 --> 0:50:49.799
<v Speaker 1>means is it's like it's like that, I don't know,

0:50:50.200 --> 0:50:52.200
<v Speaker 1>when's the last time you saw you watch shindlows List.

0:50:53.560 --> 0:50:58.160
<v Speaker 3>You remember in the end of shindoors List, No tell.

0:50:58.000 --> 0:51:00.000
<v Speaker 1>Me during the know as we get to the left

0:51:00.280 --> 0:51:02.439
<v Speaker 1>after the movie is over, and we move forward into

0:51:02.440 --> 0:51:05.279
<v Speaker 1>the future, and we move into the present, and all

0:51:05.320 --> 0:51:08.759
<v Speaker 1>the surviving Shindler Jews come walking over and and they

0:51:08.920 --> 0:51:11.759
<v Speaker 1>just still in them, you know, paying their respects it

0:51:11.800 --> 0:51:16.680
<v Speaker 1>as a grave. There's one one old woman every freaking

0:51:16.719 --> 0:51:18.480
<v Speaker 1>time I watch this, and I haven't watched it in years,

0:51:18.480 --> 0:51:20.040
<v Speaker 1>because that movie like destroys me.

0:51:20.600 --> 0:51:21.520
<v Speaker 3>She always walks by.

0:51:21.560 --> 0:51:23.160
<v Speaker 1>I can just watch that scene over and over again,

0:51:23.280 --> 0:51:25.959
<v Speaker 1>and she just walks by and she pats the grave

0:51:26.080 --> 0:51:29.920
<v Speaker 1>a couple of times, and and it breaks me up

0:51:29.920 --> 0:51:32.960
<v Speaker 1>every time. That's kind of what we have to do

0:51:33.000 --> 0:51:39.240
<v Speaker 1>and acknowledge and use this. Like those murals of Arena,

0:51:39.320 --> 0:51:42.840
<v Speaker 1>if they do get painted around the country.

0:51:42.280 --> 0:51:43.640
<v Speaker 3>Gonna get some of the're gonna getainted over.

0:51:44.200 --> 0:51:46.960
<v Speaker 1>But if we use those and we protect those and

0:51:47.000 --> 0:51:49.560
<v Speaker 1>everybody and every day we take the we take the

0:51:49.719 --> 0:51:52.399
<v Speaker 1>opportunity to say to ourselves, we walk by them, those

0:51:52.400 --> 0:51:56.920
<v Speaker 1>who walk by them, take a moment, nod, say silent

0:51:57.400 --> 0:51:59.880
<v Speaker 1>prayer or whatever you know that's between you and what

0:52:00.040 --> 0:52:00.399
<v Speaker 1>for God.

0:52:00.480 --> 0:52:04.680
<v Speaker 3>You may or may not worship Patta reverently once.

0:52:04.600 --> 0:52:06.480
<v Speaker 1>Or twice, and they go, enough is enough, and you

0:52:06.560 --> 0:52:08.680
<v Speaker 1>move and you're not gonna let that happen again.

0:52:08.920 --> 0:52:12.080
<v Speaker 3>If we all do that, this fixes itself in the

0:52:12.120 --> 0:52:13.919
<v Speaker 3>long run. Yep.

0:52:14.480 --> 0:52:19.400
<v Speaker 1>It's we have to be both firm, be willing to

0:52:19.440 --> 0:52:22.040
<v Speaker 1>put violence on the table, use the threat of violence,

0:52:22.640 --> 0:52:28.640
<v Speaker 1>and to say that's it no more. Everybody's talking about

0:52:28.640 --> 0:52:33.520
<v Speaker 1>this freaking communist Mandami in New York. Me. If I

0:52:33.560 --> 0:52:35.760
<v Speaker 1>was in New York, I'd be voting for Curtis Sliwa

0:52:36.360 --> 0:52:40.400
<v Speaker 1>of the Guardian Angels. I remember when that guy, I

0:52:40.440 --> 0:52:43.319
<v Speaker 1>remember when we both had hair. That guy has done

0:52:43.360 --> 0:52:49.880
<v Speaker 1>yeomen's work for New York for forty years. So you know,

0:52:49.960 --> 0:52:54.920
<v Speaker 1>from my perspective, that's kind of our mindset. It's where

0:52:54.960 --> 0:52:59.120
<v Speaker 1>it has to be. We have to be both. We

0:52:59.239 --> 0:53:06.080
<v Speaker 1>have to be resolute, willing to forgive if necessary, and

0:53:06.160 --> 0:53:08.560
<v Speaker 1>willing to beat people and put them now like a

0:53:08.640 --> 0:53:09.560
<v Speaker 1>rabbit dog if they're not.

0:53:10.480 --> 0:53:12.719
<v Speaker 3>That's where we need to be. We need to be

0:53:12.800 --> 0:53:15.560
<v Speaker 3>prepared to do all of those things at the same

0:53:15.640 --> 0:53:18.600
<v Speaker 3>time and do it this passionately.

0:53:19.440 --> 0:53:21.320
<v Speaker 1>And then if it's Charlie, and if it's an image

0:53:21.320 --> 0:53:23.200
<v Speaker 1>of Charlie Kirk, or if then it was Irena or

0:53:23.239 --> 0:53:27.040
<v Speaker 1>whoever it is mine, whatever gets you, whatever motivates you

0:53:27.160 --> 0:53:27.640
<v Speaker 1>to get up.

0:53:27.520 --> 0:53:30.759
<v Speaker 3>For the game that day. I'm good.

0:53:30.800 --> 0:53:34.279
<v Speaker 1>I'm good with it because they use George Floyd to

0:53:34.320 --> 0:53:36.960
<v Speaker 1>burn our cities to the freaking ground and make us pay.

0:53:36.760 --> 0:53:44.880
<v Speaker 3>For it as a humiliation ritual. Never forgive that ever. Ever.

0:53:46.800 --> 0:53:51.920
<v Speaker 1>Now let's move forward. So you know the assets are

0:53:52.040 --> 0:53:55.520
<v Speaker 1>right here, Mark, it's how we use those assets. But

0:53:55.560 --> 0:53:57.960
<v Speaker 1>we got to get all of the bullshit out of

0:53:57.960 --> 0:53:59.560
<v Speaker 1>our way so that we could actually go out there

0:53:59.600 --> 0:54:00.800
<v Speaker 1>and and create.

0:54:01.160 --> 0:54:02.840
<v Speaker 3>And they don't want us to create.

0:54:02.960 --> 0:54:04.719
<v Speaker 1>They want us weak, they want us to bite it,

0:54:04.760 --> 0:54:07.040
<v Speaker 1>they want us afraid, they want us angry at some

0:54:07.160 --> 0:54:09.719
<v Speaker 1>other guy. I'm not angry at black people. I ain't

0:54:09.760 --> 0:54:16.480
<v Speaker 1>angry at no. I know exactly who I'm angry at. Yeah,

0:54:16.520 --> 0:54:18.800
<v Speaker 1>and they woke up a lot of people yesterday.

0:54:19.280 --> 0:54:21.080
<v Speaker 3>Yeah they did. Yeah they did.

0:54:21.960 --> 0:54:24.960
<v Speaker 2>And they're all going one direction. Yep, they're all going

0:54:25.000 --> 0:54:27.560
<v Speaker 2>one direction. And so I think we're gonna wrap it

0:54:27.640 --> 0:54:27.960
<v Speaker 2>up with that.

0:54:28.000 --> 0:54:28.280
<v Speaker 3>Tom.

0:54:28.320 --> 0:54:30.040
<v Speaker 2>That was a great way to sort of put a

0:54:30.040 --> 0:54:33.040
<v Speaker 2>pin in it. He laid out the case. You gave

0:54:33.120 --> 0:54:37.000
<v Speaker 2>us the catalyst, and uh yeah, hopefully this momentum will

0:54:37.040 --> 0:54:39.719
<v Speaker 2>keep going. Tom, You're a wealth of information. Like I

0:54:39.719 --> 0:54:42.759
<v Speaker 2>said when we first started, as fate would have it.

0:54:42.800 --> 0:54:46.520
<v Speaker 2>You're probably the perfect person to talk to today. Gold Goats

0:54:46.560 --> 0:54:49.480
<v Speaker 2>and Guns is your podcast. Everyone should go download that.

0:54:49.719 --> 0:54:51.680
<v Speaker 2>You have the newsletter. We're gonna link to that down below.

0:54:51.760 --> 0:54:53.520
<v Speaker 2>Anything else people should be paying attention.

0:54:53.200 --> 0:54:55.600
<v Speaker 1>To, just my twitter feed. We're are the worst version

0:54:55.640 --> 0:54:58.319
<v Speaker 1>of me will show up every day. I promise, because

0:54:58.320 --> 0:55:03.400
<v Speaker 1>I'm in charge of it. T all right, Tom, We're

0:55:03.440 --> 0:55:05.840
<v Speaker 1>gonna test the TfL seventeen twenty eight on Twitter.

0:55:06.400 --> 0:55:08.520
<v Speaker 2>Yeah, TfL. All right, We'll link to that down the

0:55:08.560 --> 0:55:11.080
<v Speaker 2>show notes down below. Thanks so much, Tom, Thank you, Mark.

0:55:11.120 --> 0:55:12.600
<v Speaker 3>Have a great day. It was It was good catching

0:55:12.640 --> 0:55:13.080
<v Speaker 3>up with you man.