1 00:00:00,080 --> 00:00:01,800 Speaker 1: The government has said, well, you don't have to pay 2 00:00:01,800 --> 00:00:03,400 Speaker 1: your mortgage and you don't have to pay your rent. 3 00:00:03,680 --> 00:00:06,920 Speaker 1: So people incomes go up, their expenses go down. But 4 00:00:07,080 --> 00:00:11,200 Speaker 1: let's say, and the government is paying them to stay 5 00:00:11,240 --> 00:00:13,960 Speaker 1: home and not produce goods and services, which I saw 6 00:00:14,120 --> 00:00:19,400 Speaker 1: Biden signed another I think the hundred and first executive action, 7 00:00:20,120 --> 00:00:26,200 Speaker 1: not order but action. He declared emergency over the Russian 8 00:00:26,280 --> 00:00:28,880 Speaker 1: medalling in the election. It's going to be a huge 9 00:00:29,120 --> 00:00:31,560 Speaker 1: super spreader event and the next thing you know, you're 10 00:00:31,560 --> 00:00:34,199 Speaker 1: gonna walk outside and there's gonna be body bags. If 11 00:00:34,240 --> 00:00:37,000 Speaker 1: it was really a pandemic, they wouldn't have to tell you. 12 00:00:37,040 --> 00:00:39,320 Speaker 1: And they can do all these stimulus bill bills and 13 00:00:39,360 --> 00:00:41,920 Speaker 1: whatnot because the Fed will just sit back and monetize 14 00:00:41,960 --> 00:00:44,879 Speaker 1: the debt and they don't really have to worry about 15 00:00:45,000 --> 00:00:48,000 Speaker 1: interest rates. I also think that if they didn't have 16 00:00:48,159 --> 00:00:51,360 Speaker 1: unlimited money printing at their disposal, we might not have 17 00:00:51,520 --> 00:00:54,240 Speaker 1: seen the whole global economy shut down either. I mean, 18 00:00:54,280 --> 00:00:59,160 Speaker 1: it's it's it's it's impossible to calculate how distorted our 19 00:00:59,200 --> 00:01:02,960 Speaker 1: economy is as a result of artificially low interest rates. 20 00:01:03,280 --> 00:01:06,960 Speaker 1: Before the Federal Reserve, we actually saw deflation, but if 21 00:01:06,959 --> 00:01:09,440 Speaker 1: you look at the difference between you three U six 22 00:01:10,000 --> 00:01:12,679 Speaker 1: and then how those things are calculated. No one in 23 00:01:12,720 --> 00:01:15,560 Speaker 1: their right mind would say that the U three numbers 24 00:01:15,600 --> 00:01:18,479 Speaker 1: the actual unemployment breaks in Wine of the perfect example, 25 00:01:18,480 --> 00:01:20,840 Speaker 1: because they were one of the richest countries in the world, 26 00:01:20,880 --> 00:01:23,960 Speaker 1: one of the richest Latin American country, I believe they have. 27 00:01:24,080 --> 00:01:27,920 Speaker 1: They have massive amounts of natural resources. But when they 28 00:01:27,959 --> 00:01:30,080 Speaker 1: decided to put the chrony buddies in to run the 29 00:01:30,160 --> 00:01:33,039 Speaker 1: natural resources, the production went down. So we see the 30 00:01:33,080 --> 00:01:36,479 Speaker 1: financial economy growing and growing and drawing, and you created 31 00:01:36,560 --> 00:01:40,280 Speaker 1: derivative you can rehypothecated treasury, and you can make all 32 00:01:40,319 --> 00:01:42,959 Speaker 1: this FIAT money as a result of that, then actually 33 00:01:43,000 --> 00:01:46,760 Speaker 1: buy real good You can buy property, you can buy commodities, 34 00:01:46,800 --> 00:01:49,880 Speaker 1: things that are tangible. While at the same time, the 35 00:01:49,960 --> 00:01:53,920 Speaker 1: real economy is shrinking and shrinking and shrinking. But we 36 00:01:53,960 --> 00:01:56,720 Speaker 1: live in a We live in a debt based system today, 37 00:01:56,760 --> 00:01:59,160 Speaker 1: which means they have to constantly inflate the money supply. 38 00:01:59,320 --> 00:02:02,480 Speaker 1: A lot of people think that fractional reserve banking in 39 00:02:02,520 --> 00:02:07,360 Speaker 1: and of itself leads to runaway inflation and there's no 40 00:02:07,400 --> 00:02:09,720 Speaker 1: getting away from it. But that's not true. What we 41 00:02:09,800 --> 00:02:14,200 Speaker 1: had in the early prior to the Civil War is 42 00:02:14,240 --> 00:02:17,040 Speaker 1: something called free banking. I used to watch as a 43 00:02:17,120 --> 00:02:18,880 Speaker 1: kid the Jetsons, and like we dreamed of having a 44 00:02:18,960 --> 00:02:21,440 Speaker 1: robot cleaning the house for us. Like that's deflationary. So 45 00:02:21,720 --> 00:02:25,160 Speaker 1: it seems like natural law, human ingenuity is leadd to 46 00:02:25,280 --> 00:02:29,200 Speaker 1: deflation and it goes exactly against the system they're trying 47 00:02:29,200 --> 00:02:31,519 Speaker 1: to create, which is inflationary. So it's like they're trying 48 00:02:31,600 --> 00:02:36,520 Speaker 1: to define natural law. In two thousand nine, after the 49 00:02:36,639 --> 00:02:40,160 Speaker 1: Great Financial Crash, when the banksters wrecked the entire global 50 00:02:40,200 --> 00:02:43,440 Speaker 1: financial system, Ron Paul put out a book titled In 51 00:02:43,840 --> 00:02:46,800 Speaker 1: the Fed, and it was a rally cry to explain 52 00:02:47,120 --> 00:02:49,919 Speaker 1: what was going on with the central banks, how money 53 00:02:49,960 --> 00:02:52,560 Speaker 1: printing was going to ruin the world. And it brought 54 00:02:52,600 --> 00:02:55,160 Speaker 1: a lot of attention and it brought a lot of action. 55 00:02:55,200 --> 00:02:57,320 Speaker 1: And now today people are focused on what the central 56 00:02:57,320 --> 00:03:01,000 Speaker 1: Bank is doing and they understand the manipulation. Now there's 57 00:03:01,040 --> 00:03:04,040 Speaker 1: somebody else picking up that torch and continuing on with 58 00:03:04,240 --> 00:03:06,680 Speaker 1: the attack or the press back on the Federal Reserve, 59 00:03:06,960 --> 00:03:09,360 Speaker 1: and that is my good friend George Gammon, who we're 60 00:03:09,400 --> 00:03:11,720 Speaker 1: sitting down with today. We're gonna talk about what the 61 00:03:11,760 --> 00:03:14,200 Speaker 1: Federal reserve does with printing money and what kind of 62 00:03:14,280 --> 00:03:17,680 Speaker 1: problems that leads to in society. We're gonna talk about 63 00:03:18,040 --> 00:03:20,640 Speaker 1: how they're able to do this or even how they're 64 00:03:20,639 --> 00:03:23,600 Speaker 1: getting away with it, and what he is doing, what 65 00:03:23,720 --> 00:03:26,880 Speaker 1: regular people can be doing right now to make sure 66 00:03:26,960 --> 00:03:29,880 Speaker 1: this does not continue. We talk about so much on 67 00:03:29,880 --> 00:03:33,000 Speaker 1: the macroeconomic scale. Um, you do not want to miss 68 00:03:33,000 --> 00:03:35,360 Speaker 1: this conversation. I'm excited for it. Let's quite just jump 69 00:03:35,440 --> 00:03:37,920 Speaker 1: right into it with George. Hey, everyone, welcome to another 70 00:03:37,920 --> 00:03:40,520 Speaker 1: episode of the Market Disruptor Show. And today I am 71 00:03:40,600 --> 00:03:43,160 Speaker 1: sitting with one of my good buddies, George Gammon. Uh. 72 00:03:43,320 --> 00:03:45,240 Speaker 1: You have probably seen him before, either on his videos 73 00:03:45,320 --> 00:03:48,120 Speaker 1: or of course on my channel, and uh we we 74 00:03:48,120 --> 00:03:50,160 Speaker 1: were going so deep before we started going, but we 75 00:03:50,200 --> 00:03:51,920 Speaker 1: need to get recorded now. We have so much to 76 00:03:51,920 --> 00:03:54,480 Speaker 1: talk about. It's an exciting show and uh, so much 77 00:03:54,480 --> 00:03:56,440 Speaker 1: to talk about. But anyway, George, thanks for taking the 78 00:03:56,440 --> 00:03:58,720 Speaker 1: time to sit down with me today. Thanks for having 79 00:03:58,720 --> 00:04:02,640 Speaker 1: me Mark. I always enjoy talking to you. Yeah, so, um, 80 00:04:02,680 --> 00:04:05,880 Speaker 1: you know, I, uh, you hardly need any introduction. You've 81 00:04:05,880 --> 00:04:07,160 Speaker 1: been on my show a couple of times, and I'm 82 00:04:07,160 --> 00:04:09,720 Speaker 1: sure most of my audience already watches your show, But 83 00:04:10,400 --> 00:04:12,080 Speaker 1: why don't you just kind of tell us what you're 84 00:04:12,080 --> 00:04:14,440 Speaker 1: focusing on right now? I know, um, you've been moving 85 00:04:14,480 --> 00:04:16,680 Speaker 1: around a lot, you're kind of there's there's there's a 86 00:04:16,680 --> 00:04:18,600 Speaker 1: couple of big things that are on your mind. While 87 00:04:18,720 --> 00:04:19,919 Speaker 1: just kind of give us what you're doing and what 88 00:04:19,960 --> 00:04:23,720 Speaker 1: you're thinking about. Well, usually I talked about macro economics 89 00:04:23,720 --> 00:04:26,560 Speaker 1: and I still love that. That's my passion and I've 90 00:04:26,600 --> 00:04:29,040 Speaker 1: i've still been talking about that extensively on my channel, 91 00:04:29,400 --> 00:04:33,640 Speaker 1: and investing in gold and bitcoin and stocks and foreign 92 00:04:33,720 --> 00:04:37,880 Speaker 1: stocks and crisis investing, you know, the Jim Rogers types 93 00:04:37,960 --> 00:04:41,200 Speaker 1: of things, and kind of Austrian economics and breaking down 94 00:04:41,200 --> 00:04:43,880 Speaker 1: what the FETE is doing with the repo market, quantitative 95 00:04:43,920 --> 00:04:48,000 Speaker 1: easing and whatnot. But um, the last couple of weeks especially, 96 00:04:48,800 --> 00:04:52,920 Speaker 1: I've I haven't shifted my focus, but I've my thinking 97 00:04:53,440 --> 00:04:57,160 Speaker 1: has been really around personal freedom and liberty, and that 98 00:04:57,240 --> 00:05:00,440 Speaker 1: was always a main driver of mine. But it's right 99 00:05:00,440 --> 00:05:03,200 Speaker 1: in the forefront right now. I was in Phoenix for 100 00:05:03,240 --> 00:05:05,839 Speaker 1: the last six months, which is rare, so I don't 101 00:05:05,839 --> 00:05:08,039 Speaker 1: spend that much time in the United States. But the 102 00:05:08,120 --> 00:05:11,360 Speaker 1: last few weeks I had to go down to Tucson, 103 00:05:12,040 --> 00:05:17,040 Speaker 1: and Tucson is just a complete ghost town. I mean 104 00:05:17,080 --> 00:05:22,240 Speaker 1: it's unbelievable downtown Tucson. I mean there's no students. All 105 00:05:22,279 --> 00:05:24,920 Speaker 1: the shops and restaurants that I used to go to 106 00:05:25,080 --> 00:05:26,800 Speaker 1: when I was there maybe three or four years ago 107 00:05:27,080 --> 00:05:29,440 Speaker 1: are all boarded up. And I mean it's it's like 108 00:05:29,520 --> 00:05:32,320 Speaker 1: something out of Atlas Shrugged if you read the book 109 00:05:32,400 --> 00:05:35,360 Speaker 1: or watched those those films where you know, the ply 110 00:05:35,480 --> 00:05:39,239 Speaker 1: would across the front door says, you know, Tucson, thanks 111 00:05:39,279 --> 00:05:42,520 Speaker 1: for forty years in business. Hey guys, let me just 112 00:05:42,640 --> 00:05:45,720 Speaker 1: interrupt this interview real quick, just to plug the show sponsor, 113 00:05:45,800 --> 00:05:48,719 Speaker 1: and that is Block five. Now. Block five is doing 114 00:05:48,800 --> 00:05:52,080 Speaker 1: amazing things in the bitcoin finance space. As a matter 115 00:05:52,120 --> 00:05:54,200 Speaker 1: of fact, they've cracked some really big news by bringing 116 00:05:54,240 --> 00:05:58,320 Speaker 1: on the x cftc UM chair Chris gian Carlo Um 117 00:05:58,360 --> 00:06:01,520 Speaker 1: and they are one of the was transparent, most heavily 118 00:06:01,520 --> 00:06:04,359 Speaker 1: regulated UM companies inside the United States, which gives me 119 00:06:04,400 --> 00:06:07,080 Speaker 1: a lot of trust into what their services are. Now, 120 00:06:07,120 --> 00:06:09,880 Speaker 1: I've recently did a video talking about how to retire 121 00:06:10,000 --> 00:06:13,200 Speaker 1: off bitcoin, and you can do that by leveraging debt 122 00:06:13,440 --> 00:06:17,440 Speaker 1: and interest against bitcoin. And block fi is the number 123 00:06:17,440 --> 00:06:19,320 Speaker 1: one company in the United States or maybe in the 124 00:06:19,320 --> 00:06:22,280 Speaker 1: world to go to and use UM. They are leading 125 00:06:22,320 --> 00:06:24,400 Speaker 1: the charges, are paying interest on your bitcoin if you 126 00:06:24,400 --> 00:06:26,840 Speaker 1: park it with them, or you can borrow against it. Now, 127 00:06:26,839 --> 00:06:28,880 Speaker 1: as I broke down in that video, you can borrow 128 00:06:28,920 --> 00:06:32,000 Speaker 1: against your bitcoin, and when you take debt against it, 129 00:06:32,000 --> 00:06:34,200 Speaker 1: it's not taxable. It's not a taxable event. You can 130 00:06:34,279 --> 00:06:36,039 Speaker 1: use that debt for anything that you want, including to 131 00:06:36,080 --> 00:06:38,279 Speaker 1: live off of, to leverage up and buy more, or 132 00:06:38,400 --> 00:06:40,880 Speaker 1: roll it into another asset. UM you can do something 133 00:06:40,920 --> 00:06:43,479 Speaker 1: like I've done recently, like sell some real estate put 134 00:06:43,480 --> 00:06:46,560 Speaker 1: that money into bitcoin. Now as that bitcoin price has risen, 135 00:06:46,600 --> 00:06:48,680 Speaker 1: I'm able to borrow against it and go back and 136 00:06:48,720 --> 00:06:51,120 Speaker 1: buy the same real estate or something similar, and I 137 00:06:51,200 --> 00:06:54,279 Speaker 1: still own the bitcoin, and I also own the new 138 00:06:54,320 --> 00:06:56,279 Speaker 1: asset as well. Lots of ways you can do this 139 00:06:56,640 --> 00:06:59,320 Speaker 1: UM and Block five is the company that I recommend. 140 00:06:59,440 --> 00:07:01,280 Speaker 1: Down in the description, I have a link that you 141 00:07:01,279 --> 00:07:03,040 Speaker 1: can click on. If you choose to use that link, 142 00:07:03,040 --> 00:07:05,120 Speaker 1: you can earn up the two fifty dollars in bitcoin 143 00:07:05,440 --> 00:07:07,520 Speaker 1: just for using that link. So check out block fine 144 00:07:07,520 --> 00:07:14,000 Speaker 1: ow now, yeah, exactly, and uh and then everyone is 145 00:07:14,080 --> 00:07:16,880 Speaker 1: just over the top with this. Uh. We'll call it 146 00:07:16,880 --> 00:07:21,720 Speaker 1: the Surveys of sickness hysteria. You know, people walking outside 147 00:07:21,760 --> 00:07:24,800 Speaker 1: just with no one within a hundred yards of them, 148 00:07:24,800 --> 00:07:28,280 Speaker 1: and they're wearing two masks in a face shield. People 149 00:07:28,640 --> 00:07:30,600 Speaker 1: driving their car down the street with no one in 150 00:07:30,640 --> 00:07:34,119 Speaker 1: the car, you know, wearing a mask and a face shield, 151 00:07:34,120 --> 00:07:36,440 Speaker 1: and you're just like, what is going on here? This 152 00:07:36,520 --> 00:07:40,200 Speaker 1: is just totally bizarre. And then I went to uh 153 00:07:40,240 --> 00:07:43,600 Speaker 1: Idaho to visit a family member, and that was really 154 00:07:43,680 --> 00:07:47,240 Speaker 1: the straw that broke the camels back, because prior to 155 00:07:47,840 --> 00:07:50,080 Speaker 1: uh you know, when I was in Phoenix, it was 156 00:07:50,120 --> 00:07:51,520 Speaker 1: a little bit of an issue to wear in the 157 00:07:51,560 --> 00:07:54,360 Speaker 1: grocery store, in the gym. I was like, I don't 158 00:07:54,400 --> 00:07:58,000 Speaker 1: like this, but it's not the focus of my attention. 159 00:07:58,600 --> 00:08:01,040 Speaker 1: Uh So. But then when I went to Idaho, I 160 00:08:01,080 --> 00:08:03,000 Speaker 1: went to Sandpoint. I don't know if you've been there, 161 00:08:03,320 --> 00:08:07,240 Speaker 1: but I was no one. I mean, as soon as 162 00:08:07,280 --> 00:08:11,120 Speaker 1: you crossed the border from Washington into Idaho, it's like 163 00:08:11,400 --> 00:08:14,960 Speaker 1: night and day difference. I my driver took me to 164 00:08:15,000 --> 00:08:17,520 Speaker 1: a gas station there and I went inside to use 165 00:08:17,560 --> 00:08:19,920 Speaker 1: the restroom, and I was just about ready to put 166 00:08:19,960 --> 00:08:21,880 Speaker 1: on the mask. You know, it's almost like a habit. 167 00:08:22,040 --> 00:08:23,760 Speaker 1: But when you go into a place and you see 168 00:08:23,760 --> 00:08:25,840 Speaker 1: the sign on the front there, so I reached into 169 00:08:25,880 --> 00:08:28,680 Speaker 1: my pocket. He's like, oh no, no, Mr Gammon or 170 00:08:28,720 --> 00:08:31,680 Speaker 1: in Idaho right now. He said, well, okay, what does 171 00:08:31,680 --> 00:08:33,680 Speaker 1: that mean? He goes, now, you don't need a mask here, 172 00:08:34,200 --> 00:08:36,320 Speaker 1: and these are the good old boys. So you go 173 00:08:36,360 --> 00:08:40,600 Speaker 1: in and sure enough, no restaurants, no uh, convenience stores. 174 00:08:40,720 --> 00:08:43,600 Speaker 1: Just the workers aren't wearing a mask. The chef isn't 175 00:08:43,640 --> 00:08:47,800 Speaker 1: wearing the waitress. Nobody that I saw wearing a mask. 176 00:08:47,840 --> 00:08:50,320 Speaker 1: And I went up to Sandpoint. It's the exact same 177 00:08:50,400 --> 00:08:52,280 Speaker 1: thing there. Even when you go to a coffee shop, 178 00:08:52,800 --> 00:08:55,960 Speaker 1: the people weren't wearing a mask, which is genever were 179 00:08:55,960 --> 00:08:58,320 Speaker 1: those people hanging out? And so I was talking to 180 00:08:58,360 --> 00:09:02,520 Speaker 1: my family members that evening and telling them that that 181 00:09:02,800 --> 00:09:04,160 Speaker 1: you know, not only do you have to wear a 182 00:09:04,160 --> 00:09:06,120 Speaker 1: mask on the plane in the airport, but you go 183 00:09:06,200 --> 00:09:08,800 Speaker 1: to an airport and every five minutes that they've got 184 00:09:08,840 --> 00:09:12,960 Speaker 1: that that script on like a loop, just barking at you. 185 00:09:13,320 --> 00:09:15,160 Speaker 1: Not only were your masks, but make sure it's over 186 00:09:15,200 --> 00:09:17,640 Speaker 1: your nose and all these and its federal regulation and 187 00:09:17,640 --> 00:09:19,880 Speaker 1: you're gonna be kicked out of the airport and every 188 00:09:19,880 --> 00:09:22,440 Speaker 1: single time you're in a plane, now the gal can't 189 00:09:22,480 --> 00:09:25,400 Speaker 1: come on and wish you a safe flight or you know, 190 00:09:25,520 --> 00:09:28,800 Speaker 1: welcome you. It's just barking instructions at you to make 191 00:09:28,840 --> 00:09:31,680 Speaker 1: sure that you wear a mask NonStop. And so I 192 00:09:31,760 --> 00:09:33,920 Speaker 1: was telling my family members. I was telling them that 193 00:09:34,000 --> 00:09:38,040 Speaker 1: people uh in Arizona, as an example, are wearing them outside, 194 00:09:38,320 --> 00:09:40,920 Speaker 1: are wearing them in grocery source. They didn't believe me. 195 00:09:42,240 --> 00:09:44,560 Speaker 1: They didn't believe me because they haven't been out of 196 00:09:44,640 --> 00:09:49,880 Speaker 1: Sandpoint since March of They literally thought I was joking 197 00:09:50,640 --> 00:09:53,480 Speaker 1: or exaggerating, And I said, no, this, this is this 198 00:09:53,559 --> 00:09:55,600 Speaker 1: is real, and it just goes to show you how 199 00:09:55,640 --> 00:09:59,080 Speaker 1: important it is the local environment and the people that 200 00:09:59,120 --> 00:10:02,000 Speaker 1: are in the culture of the people around you. But 201 00:10:02,040 --> 00:10:04,800 Speaker 1: then you start to ask a question. You know, I 202 00:10:04,800 --> 00:10:07,199 Speaker 1: had done the research and even uh, you know, I 203 00:10:07,320 --> 00:10:10,640 Speaker 1: look at the John Hopkins website and looked at the 204 00:10:10,760 --> 00:10:13,920 Speaker 1: data even from the World Health Organization, and trying to 205 00:10:14,040 --> 00:10:17,600 Speaker 1: just decipher through everything, right, trying to be as objective 206 00:10:17,640 --> 00:10:20,000 Speaker 1: as I possibly could, you see that this is something 207 00:10:20,320 --> 00:10:24,240 Speaker 1: from a fatality rate that really only affects people under 208 00:10:24,280 --> 00:10:28,640 Speaker 1: the age of let's say sixty, are overweight or sixty 209 00:10:28,920 --> 00:10:31,880 Speaker 1: all right, I'm sorry over the age of sixty or 210 00:10:31,960 --> 00:10:36,760 Speaker 1: people under that, uh you know, health issues somehow overweight, 211 00:10:36,920 --> 00:10:41,280 Speaker 1: or they have long issues, breathing issues and even and 212 00:10:41,360 --> 00:10:46,240 Speaker 1: so if you're healthy, it's really barely it's basically on 213 00:10:46,320 --> 00:10:47,959 Speaker 1: par with the flu. I mean, it's a little bit 214 00:10:48,000 --> 00:10:50,800 Speaker 1: worse if you look at the statistics, but but not 215 00:10:50,880 --> 00:10:53,920 Speaker 1: that much. And now all of a sudden, you've got 216 00:10:54,320 --> 00:10:56,479 Speaker 1: a vaccine. So if you want to get the vaccine, 217 00:10:56,559 --> 00:10:58,600 Speaker 1: if that's your thing, then you can go do it, 218 00:10:58,640 --> 00:11:01,280 Speaker 1: and uh, you know, more power to you. But then 219 00:11:01,320 --> 00:11:06,400 Speaker 1: you start to kind of scratch your head and and say, okay, 220 00:11:06,600 --> 00:11:11,560 Speaker 1: well I'm in idol. How bad can this possibly be? 221 00:11:12,280 --> 00:11:15,240 Speaker 1: If my family members who have lived in Sandpoint by 222 00:11:15,240 --> 00:11:18,199 Speaker 1: the Way for forty years, so it's not like they 223 00:11:18,200 --> 00:11:20,880 Speaker 1: don't know people there, they just moved there, they've been 224 00:11:20,920 --> 00:11:24,040 Speaker 1: there for forty they know everyone in the community. So 225 00:11:24,160 --> 00:11:26,680 Speaker 1: how is it this community of say ten to fifteen 226 00:11:26,679 --> 00:11:32,120 Speaker 1: thousand people that has tons of tourism, right, how is 227 00:11:32,160 --> 00:11:34,480 Speaker 1: it that they don't even know about how how is 228 00:11:34,520 --> 00:11:37,360 Speaker 1: it that the service of sickness is such a non 229 00:11:37,600 --> 00:11:42,760 Speaker 1: issue up here? With zero compliance, I mean zero compliance 230 00:11:43,600 --> 00:11:45,840 Speaker 1: and then you start to just thinking, you're like, well, wait, 231 00:11:46,080 --> 00:11:47,959 Speaker 1: what are we doing here? Like like, what is this 232 00:11:48,000 --> 00:11:50,360 Speaker 1: all about? Then I went to Puerto Rico, and then 233 00:11:50,440 --> 00:11:53,040 Speaker 1: that was you know, that was tough. That was a 234 00:11:53,040 --> 00:11:56,040 Speaker 1: short trip. Yeah, I was planning on staying there for 235 00:11:56,080 --> 00:11:58,160 Speaker 1: a couple of months and hanging out with you and 236 00:11:58,160 --> 00:12:00,640 Speaker 1: and Maloney and Schiff and you know, all the guys, 237 00:12:01,120 --> 00:12:03,920 Speaker 1: and that didn't pan out because of how strict the 238 00:12:04,000 --> 00:12:06,960 Speaker 1: regulations are there. They're really really over the top. So 239 00:12:07,000 --> 00:12:09,240 Speaker 1: then it really starts to dawn on you that, yes, 240 00:12:09,320 --> 00:12:12,360 Speaker 1: you want to understand the economic environment around you, you 241 00:12:12,360 --> 00:12:14,920 Speaker 1: want to understand the world. You want to make more. 242 00:12:17,720 --> 00:12:23,160 Speaker 1: But if you don't have personal freedom, it doesn't matter 243 00:12:23,160 --> 00:12:25,719 Speaker 1: how much bitcoin you own, It doesn't matter how much 244 00:12:25,760 --> 00:12:27,840 Speaker 1: gold you it doesn't matter how what the value your 245 00:12:27,840 --> 00:12:31,640 Speaker 1: stock portfolio or your real estate or the commodities. If 246 00:12:31,720 --> 00:12:35,680 Speaker 1: you can't walk outside, if you're being locked in your house, 247 00:12:36,400 --> 00:12:41,199 Speaker 1: um what what you know? You're not wealthy, You're you're 248 00:12:41,240 --> 00:12:46,079 Speaker 1: still dirt poority, So no quality of life, that's right. 249 00:12:46,200 --> 00:12:48,839 Speaker 1: So then I started to really focus on, Okay, at 250 00:12:48,920 --> 00:12:51,880 Speaker 1: least for the next six months, where can I go 251 00:12:52,200 --> 00:12:56,079 Speaker 1: that has the most amount of freedom and liberty, so 252 00:12:56,200 --> 00:13:01,080 Speaker 1: I can continue to to focus on the building wealth 253 00:13:01,120 --> 00:13:03,679 Speaker 1: and economics and all the good things that we always 254 00:13:03,679 --> 00:13:07,600 Speaker 1: love to talk about. So I I did a Google search, 255 00:13:07,679 --> 00:13:10,240 Speaker 1: and um, you know, Florida was an obvious choice because 256 00:13:10,280 --> 00:13:12,000 Speaker 1: I was right there in Puerto Rico. And then I 257 00:13:12,160 --> 00:13:18,000 Speaker 1: googled the counties in Florida that have that have not 258 00:13:18,200 --> 00:13:21,880 Speaker 1: had a masked mandate the longest for uh, you know, 259 00:13:21,960 --> 00:13:24,520 Speaker 1: the places that got rid of it the earliest. So 260 00:13:25,080 --> 00:13:30,760 Speaker 1: Sarasota County I saw got rid of it back in January. 261 00:13:31,000 --> 00:13:33,320 Speaker 1: So I'm like, Okay, that's good, let's go there and 262 00:13:33,400 --> 00:13:36,160 Speaker 1: just kind of try to get my bearings. So that's 263 00:13:36,200 --> 00:13:39,160 Speaker 1: where I've been, and I can tell you I'm really 264 00:13:39,200 --> 00:13:44,200 Speaker 1: really happy with Florida. Relatively speaking. It is a fantastic 265 00:13:44,280 --> 00:13:47,480 Speaker 1: place to be, but it is there are little micro 266 00:13:47,679 --> 00:13:52,520 Speaker 1: cultures or micro ecosystems or environments, um, just like there 267 00:13:52,520 --> 00:13:56,720 Speaker 1: are everywhere. As an example, in Miami, it's it's pretty 268 00:13:56,960 --> 00:14:02,680 Speaker 1: draconian there for sure, like Kelllifornia, but you come out 269 00:14:02,760 --> 00:14:05,760 Speaker 1: here and it's it's pretty good. And Sarah, so you 270 00:14:05,760 --> 00:14:09,320 Speaker 1: go down to Naples and it's like Idah. In Naples, 271 00:14:09,440 --> 00:14:13,760 Speaker 1: it's like two thousand nineteen, where it's just uh, it's 272 00:14:13,920 --> 00:14:16,080 Speaker 1: just pure freedom. You know, there's a few people wearing 273 00:14:16,080 --> 00:14:20,080 Speaker 1: a mask, but you're you have the liberty. They leave 274 00:14:20,160 --> 00:14:23,920 Speaker 1: the decision making up to you as to whether you 275 00:14:23,960 --> 00:14:26,320 Speaker 1: want to wear one or not, whether you want to 276 00:14:26,320 --> 00:14:30,040 Speaker 1: close your business, whether you want to stay inside. And again, 277 00:14:30,400 --> 00:14:35,600 Speaker 1: oddly enough, no, everyone's out, everyone's enjoying themselves. Everyone's going 278 00:14:35,640 --> 00:14:39,040 Speaker 1: to the beach. I mean, if you listen to the 279 00:14:39,080 --> 00:14:45,000 Speaker 1: mainstream media, if you went outside just one time without 280 00:14:45,320 --> 00:14:48,280 Speaker 1: a mask, or heaven forbid, you go into a grocery store, 281 00:14:48,560 --> 00:14:50,440 Speaker 1: or if you have more than two or three people 282 00:14:50,520 --> 00:14:53,280 Speaker 1: meet up in the same venue at the same time, 283 00:14:53,320 --> 00:14:55,960 Speaker 1: that are that are you know that aren't six ft 284 00:14:55,960 --> 00:14:59,240 Speaker 1: apart or whatever. It's gonna be a huge, super spreader event. 285 00:14:59,520 --> 00:15:01,480 Speaker 1: And the next thing you know, you're gonna walk outside 286 00:15:01,480 --> 00:15:05,600 Speaker 1: and there's gonna be body bags blinding the streets everyone. 287 00:15:05,680 --> 00:15:08,240 Speaker 1: If if it was really a pandemic, they wouldn't have 288 00:15:08,320 --> 00:15:11,720 Speaker 1: to tell you. If you would see it everywhere right 289 00:15:11,840 --> 00:15:13,920 Speaker 1: like there would be bodies piled up like in in 290 00:15:14,000 --> 00:15:17,520 Speaker 1: China the original videos, like people were dropping dead everywhere 291 00:15:17,600 --> 00:15:20,160 Speaker 1: right down the street, So they wouldn't have to tell 292 00:15:20,240 --> 00:15:22,760 Speaker 1: us with the media, we would know. Yeah. And it's 293 00:15:22,800 --> 00:15:26,520 Speaker 1: the same thing with the vaccine thing. And I mean again, 294 00:15:26,560 --> 00:15:28,280 Speaker 1: I think that's something that if you want to take 295 00:15:28,280 --> 00:15:31,000 Speaker 1: a vaccine, that's fine, go ahead and do it. I'm 296 00:15:31,000 --> 00:15:33,840 Speaker 1: not going to criticize you. It's your decision, it's your body. 297 00:15:34,200 --> 00:15:37,080 Speaker 1: It should be up to you, just like taking any drug, 298 00:15:37,440 --> 00:15:40,560 Speaker 1: it should be up to you. I personally, I'm gonna 299 00:15:40,600 --> 00:15:43,360 Speaker 1: hold off because I don't really see the value in 300 00:15:43,400 --> 00:15:46,600 Speaker 1: it for someone who's who's healthy and and forty eight 301 00:15:46,720 --> 00:15:52,000 Speaker 1: years old and is probably a little too thin anything. 302 00:15:52,520 --> 00:15:56,440 Speaker 1: So the risk reward just isn't there for me when 303 00:15:56,440 --> 00:15:59,480 Speaker 1: you look at it. But um, you know you have. 304 00:15:59,640 --> 00:16:02,080 Speaker 1: It's this any type of question mark where I see 305 00:16:02,120 --> 00:16:06,760 Speaker 1: all of these campaigns by celebrities and politicians where they're 306 00:16:06,800 --> 00:16:11,480 Speaker 1: taking selfies of themselves getting the shot of course with 307 00:16:11,560 --> 00:16:15,320 Speaker 1: a mask on. They're getting paid. They're getting paid for that. Oh, 308 00:16:15,440 --> 00:16:18,400 Speaker 1: I didn't even realize that. But then you it begs 309 00:16:18,440 --> 00:16:22,200 Speaker 1: the same question that listen, if this thing was that bad, 310 00:16:22,320 --> 00:16:26,320 Speaker 1: I mean, people would be lining up to get a 311 00:16:26,440 --> 00:16:31,000 Speaker 1: vaccine even if there was a significant downside in a 312 00:16:31,080 --> 00:16:34,120 Speaker 1: vaccine that really hasn't been tested that much. Again, it's 313 00:16:34,200 --> 00:16:37,240 Speaker 1: risk reward, right, If if there's a fifty percent chance 314 00:16:37,720 --> 00:16:41,720 Speaker 1: you're gonna die from the surveasis sickness, well listen, if 315 00:16:41,760 --> 00:16:47,120 Speaker 1: that vaccine is a good example, that is chemotherapy, right, 316 00:16:47,720 --> 00:16:51,160 Speaker 1: you know, chemotherapy has a lot of downside, Like if 317 00:16:51,160 --> 00:16:54,680 Speaker 1: your only other option is just to deal with whatever 318 00:16:54,760 --> 00:16:57,720 Speaker 1: cancer you have, well you're gonna get the chemotherapy, right, 319 00:16:57,760 --> 00:17:01,280 Speaker 1: And you don't have to pay people to get the chemotherapy. 320 00:17:01,320 --> 00:17:04,679 Speaker 1: You don't need a political campaign or a camp of 321 00:17:05,080 --> 00:17:09,159 Speaker 1: a media campaign with celebrities, right in order to convince 322 00:17:09,280 --> 00:17:13,400 Speaker 1: people to get radiation therapy. Or Yeah, that's a that's 323 00:17:13,520 --> 00:17:15,440 Speaker 1: that's a really good point. I think in the last 324 00:17:15,480 --> 00:17:18,080 Speaker 1: stimulus build there was like a billion dollars set aside 325 00:17:18,160 --> 00:17:21,600 Speaker 1: for marketing kind of promotion of this. Um. I mean 326 00:17:21,720 --> 00:17:23,600 Speaker 1: crazy that they have to spend that kind of money, 327 00:17:24,400 --> 00:17:26,639 Speaker 1: But those are all good points. I don't want to 328 00:17:26,640 --> 00:17:28,480 Speaker 1: I don't want to dive so deep into that. But 329 00:17:28,600 --> 00:17:30,760 Speaker 1: what I would like to do, though, is I'd like 330 00:17:30,840 --> 00:17:33,560 Speaker 1: to kind of take that and pivot a little bit, 331 00:17:34,000 --> 00:17:36,760 Speaker 1: and so UM, I want to end up talking about 332 00:17:36,760 --> 00:17:39,960 Speaker 1: the Federal Reserve because there's some big news there. But 333 00:17:40,320 --> 00:17:42,280 Speaker 1: I think this is a good point that we can 334 00:17:42,400 --> 00:17:45,119 Speaker 1: use kind of this conversation and segue into that, because 335 00:17:45,680 --> 00:17:48,960 Speaker 1: it seems like what the the FED has done by 336 00:17:49,160 --> 00:17:51,679 Speaker 1: creating all this money, they've created fiat money, which has 337 00:17:51,760 --> 00:17:56,399 Speaker 1: now created this entire ecosystem of Fiat food and feat health, 338 00:17:56,880 --> 00:18:00,439 Speaker 1: and it's made everybody very shortsighted. Right every there's no 339 00:18:00,480 --> 00:18:04,600 Speaker 1: longer saving, no longer sewing before you reap, and so 340 00:18:04,720 --> 00:18:08,080 Speaker 1: it's created this whole culture of like instant gratification, Like 341 00:18:08,400 --> 00:18:11,120 Speaker 1: I don't need to worry about my immune system. Who 342 00:18:11,760 --> 00:18:13,480 Speaker 1: when was the last time I even heard that mentioned 343 00:18:13,520 --> 00:18:16,560 Speaker 1: on the news the media, your immune system? But instead 344 00:18:16,560 --> 00:18:18,399 Speaker 1: I just want I just want a shot. I just 345 00:18:18,440 --> 00:18:21,600 Speaker 1: want the magic pill. UM and I see that. But 346 00:18:21,760 --> 00:18:23,520 Speaker 1: also something that I'm worried about that I want to 347 00:18:23,520 --> 00:18:26,399 Speaker 1: talk about for a minute is um fiat money again 348 00:18:26,760 --> 00:18:30,879 Speaker 1: giving the government unlimited power to do whatever they want UM. 349 00:18:30,920 --> 00:18:35,120 Speaker 1: And now everything is an emergency, so they're operating under 350 00:18:35,160 --> 00:18:38,919 Speaker 1: emergency acts, which they believe gives them the power to 351 00:18:39,359 --> 00:18:46,040 Speaker 1: bypass the Constitution. I suppose. So we're operating this an emergency, uh, NonStop, 352 00:18:46,119 --> 00:18:48,359 Speaker 1: so they can basically do whatever they want. Yesterday I 353 00:18:48,400 --> 00:18:51,919 Speaker 1: saw Biden signed another I think the hundred and first 354 00:18:51,960 --> 00:18:59,160 Speaker 1: or executive action, not order, but action. He declared emergency 355 00:18:59,520 --> 00:19:07,000 Speaker 1: over the Russian meddling in the in the election. So 356 00:19:07,080 --> 00:19:13,719 Speaker 1: now there's emergency powers over the internet and communications, and 357 00:19:13,760 --> 00:19:17,440 Speaker 1: this is all Fiat money problems in my opinion, I 358 00:19:17,480 --> 00:19:19,880 Speaker 1: don't know if you just kind of see the same thing. Well, 359 00:19:20,000 --> 00:19:22,720 Speaker 1: they can only do that insofar as we don't have inflation. 360 00:19:24,000 --> 00:19:27,800 Speaker 1: Once we get significant inflations where people see the prices 361 00:19:28,040 --> 00:19:30,919 Speaker 1: of gas go up every single time they go to 362 00:19:30,960 --> 00:19:34,400 Speaker 1: the gas station, and they see the prices of groceries 363 00:19:34,440 --> 00:19:37,000 Speaker 1: go up every single time they go to the grocery store, 364 00:19:37,680 --> 00:19:41,000 Speaker 1: then that's kind of their kryptonite. But yeah, I mean, 365 00:19:41,080 --> 00:19:44,440 Speaker 1: until we get to that point in time, then they 366 00:19:44,560 --> 00:19:47,760 Speaker 1: they've kind of they've got the power of the of 367 00:19:47,920 --> 00:19:50,639 Speaker 1: the printer or the printing press, and they can do 368 00:19:50,680 --> 00:19:53,680 Speaker 1: all these stimulus bills and whatnot because the FED will 369 00:19:53,720 --> 00:19:56,480 Speaker 1: just sit back and monetize the debt and they don't 370 00:19:56,480 --> 00:19:59,560 Speaker 1: really have to worry about interest rates. But do you 371 00:19:59,600 --> 00:20:02,200 Speaker 1: see do you see that there? Do you see maybe 372 00:20:02,200 --> 00:20:04,440 Speaker 1: like I do, that their ability to print this unlimited 373 00:20:04,440 --> 00:20:07,920 Speaker 1: amount of money starts creating all these types of distortions 374 00:20:07,920 --> 00:20:09,320 Speaker 1: and problems in the market. Do you think these are 375 00:20:09,359 --> 00:20:12,159 Speaker 1: symptoms of their ability to continue to print trillions of 376 00:20:12,200 --> 00:20:15,679 Speaker 1: dollars or now? Absolutely, I mean, if you want to 377 00:20:15,680 --> 00:20:18,560 Speaker 1: go down the list, I mean, it's it's it's it's 378 00:20:18,600 --> 00:20:23,600 Speaker 1: impossible to calculate how distorted our economy is as a 379 00:20:23,640 --> 00:20:30,600 Speaker 1: result of artificially low interest rates, quantitative easing, money printing, right, stimulus. Uh, 380 00:20:30,960 --> 00:20:34,359 Speaker 1: You've got the distortions in the economy, you've got the malinvestment, 381 00:20:34,920 --> 00:20:38,480 Speaker 1: you've got a misallocation of resources. I mean, just think 382 00:20:38,520 --> 00:20:40,680 Speaker 1: about what's happening right now. I just did a video 383 00:20:40,720 --> 00:20:45,200 Speaker 1: the other day where I studied the income levels for 384 00:20:45,320 --> 00:20:48,520 Speaker 1: the average American across the United States. And this was 385 00:20:48,560 --> 00:20:53,280 Speaker 1: not some libertarian website or Austrian website. This was straight 386 00:20:53,320 --> 00:20:56,480 Speaker 1: from the Bureau of Economic Analysis, so a government website. 387 00:20:56,480 --> 00:20:59,720 Speaker 1: And they showed that from two thousand, excuse me, from 388 00:20:59,720 --> 00:21:03,800 Speaker 1: to thousand nineteen to two thousand twenty, average incomes in 389 00:21:03,800 --> 00:21:06,600 Speaker 1: the United States went up by six point one percent, 390 00:21:07,760 --> 00:21:12,640 Speaker 1: and that that's a huge increase. That is a massive increase, 391 00:21:12,840 --> 00:21:16,840 Speaker 1: especially when you contrast that to the to the fact 392 00:21:17,280 --> 00:21:21,800 Speaker 1: that the unemployment rate that we had jumped higher than 393 00:21:21,840 --> 00:21:25,320 Speaker 1: it did in its very worst point during the GFC 394 00:21:25,800 --> 00:21:29,879 Speaker 1: Global Financial Crisis, So how can incomes be going up? 395 00:21:30,200 --> 00:21:33,879 Speaker 1: And if we have a fifteen percent unemployment rate and 396 00:21:33,960 --> 00:21:36,919 Speaker 1: I realized the headline number has come down what they 397 00:21:36,960 --> 00:21:40,360 Speaker 1: call you three. But if you look at the difference 398 00:21:40,359 --> 00:21:43,440 Speaker 1: between you three U six and then how those things 399 00:21:43,480 --> 00:21:46,720 Speaker 1: are calculated, no one in the right mind would say 400 00:21:46,760 --> 00:21:49,840 Speaker 1: that the U three numbers the actual unemployment rate. So 401 00:21:49,920 --> 00:21:54,080 Speaker 1: now it's still let's say at twelve percent fift I mean, 402 00:21:54,119 --> 00:21:58,320 Speaker 1: you've got millions and millions of Americans that are not working, 403 00:21:58,680 --> 00:22:03,560 Speaker 1: so by by definitely, and we have fewer goods and services, 404 00:22:03,600 --> 00:22:07,200 Speaker 1: but we have six percent higher income rates. The savings 405 00:22:07,280 --> 00:22:09,600 Speaker 1: rates have gone through the roof. Well, at the same time, 406 00:22:10,240 --> 00:22:11,960 Speaker 1: the government has said, well, you don't have to pay 407 00:22:12,000 --> 00:22:13,560 Speaker 1: your mortgage and you don't have to pay your rent. 408 00:22:13,880 --> 00:22:17,119 Speaker 1: So people's incomes go up, their expenses go down. But 409 00:22:17,280 --> 00:22:21,000 Speaker 1: let's say thirty and the government is paying them to 410 00:22:21,119 --> 00:22:24,639 Speaker 1: stay home and not produce goods and services. The only 411 00:22:24,920 --> 00:22:28,160 Speaker 1: path that puts you on is not only the road 412 00:22:28,200 --> 00:22:31,760 Speaker 1: to serve them talking about personal freedom, but it also 413 00:22:31,920 --> 00:22:35,600 Speaker 1: takes you straight to the path of inflation and and 414 00:22:35,880 --> 00:22:41,199 Speaker 1: and society as a whole becoming poorer. So why do 415 00:22:41,240 --> 00:22:45,280 Speaker 1: I say that because one of the I don't know 416 00:22:45,280 --> 00:22:46,760 Speaker 1: if it's a technique. I don't know if this was 417 00:22:46,800 --> 00:22:51,920 Speaker 1: done on purpose, who knows. But unfortunately, majority of Americans 418 00:22:52,080 --> 00:22:56,800 Speaker 1: believe the amount of currency units you have in your 419 00:22:56,800 --> 00:22:59,359 Speaker 1: bank account, which, by the way, your bank account is 420 00:22:59,400 --> 00:23:01,399 Speaker 1: just an eye owe you from the bank saying that 421 00:23:01,480 --> 00:23:04,879 Speaker 1: they owe you I O U s because the dollar 422 00:23:04,960 --> 00:23:07,400 Speaker 1: is just an I O U, so it's an electronic 423 00:23:07,440 --> 00:23:11,160 Speaker 1: I OU four and I O U. But most people 424 00:23:11,280 --> 00:23:15,400 Speaker 1: think that that that number is wealth. And so if 425 00:23:15,440 --> 00:23:20,200 Speaker 1: that number increases for society at large, well, therefore we 426 00:23:20,320 --> 00:23:24,919 Speaker 1: are wealthier because we have more currency units. That that 427 00:23:25,080 --> 00:23:27,359 Speaker 1: is complete nonsense. And if you just take it to 428 00:23:27,440 --> 00:23:30,600 Speaker 1: its extreme. If you and I were stranded stranded on 429 00:23:30,640 --> 00:23:33,720 Speaker 1: an island, as an example, and we had a chest 430 00:23:33,800 --> 00:23:37,520 Speaker 1: full of a billion dollars, but there's just some coconuts 431 00:23:37,520 --> 00:23:42,919 Speaker 1: and salt water, we're extremely poor because there's no stuff there. 432 00:23:43,200 --> 00:23:46,399 Speaker 1: There's just no stuff. And therefore, you don't measure the 433 00:23:46,440 --> 00:23:49,359 Speaker 1: wealth of a society by how many currency units it has. 434 00:23:49,560 --> 00:23:53,640 Speaker 1: You measure it by the amount of goods and services 435 00:23:54,080 --> 00:23:57,720 Speaker 1: it is producing. Efficiently, and we it's obvious that we're 436 00:23:57,720 --> 00:24:01,240 Speaker 1: producing a lot fewer goods and services. I mean, just 437 00:24:01,480 --> 00:24:02,919 Speaker 1: for what do you mean? We have all kinds of 438 00:24:02,960 --> 00:24:06,800 Speaker 1: financial services, don't those count? And that's a good point. 439 00:24:06,920 --> 00:24:10,080 Speaker 1: So we see the financial economy growing and growing and 440 00:24:10,119 --> 00:24:13,920 Speaker 1: growing that you can create a derivative, you can rehypothecated treasury, 441 00:24:14,000 --> 00:24:16,199 Speaker 1: and you can make all this FIAT money as a 442 00:24:16,320 --> 00:24:19,159 Speaker 1: result of that and then actually buy real goods. You 443 00:24:19,160 --> 00:24:22,560 Speaker 1: can buy property, you can buy commodities, things that are tangible. 444 00:24:22,920 --> 00:24:26,399 Speaker 1: While at the same time the real economy is shrinking 445 00:24:26,520 --> 00:24:29,760 Speaker 1: and shrinking and shrinking. But at some point there's no 446 00:24:29,800 --> 00:24:34,160 Speaker 1: more good there's no more goods and services. Venezuela would 447 00:24:34,200 --> 00:24:36,359 Speaker 1: be a great example of that. You know, the last 448 00:24:36,359 --> 00:24:39,000 Speaker 1: time that I went to a grocery, like a normal 449 00:24:39,040 --> 00:24:43,000 Speaker 1: grocery store, I went in to buy a toothbrush, and 450 00:24:43,040 --> 00:24:45,959 Speaker 1: this was like just like a smith's or something like that, 451 00:24:46,080 --> 00:24:48,080 Speaker 1: or a safe way what most people would you know, 452 00:24:48,119 --> 00:24:53,040 Speaker 1: there's a main stream grocery store, and um, usually when 453 00:24:53,080 --> 00:24:55,480 Speaker 1: you go into a grocery store, you're accustomed to seeing 454 00:24:55,560 --> 00:25:00,399 Speaker 1: just an unlimited supply of toothpaste and toothbrushes. I'm either's. 455 00:25:00,440 --> 00:25:04,520 Speaker 1: It's like a paradox of choice. There's so many of them. Barren, 456 00:25:05,320 --> 00:25:08,320 Speaker 1: completely barren. There was just like three or four little 457 00:25:08,359 --> 00:25:11,520 Speaker 1: toothbrushes hanging on there. It looked like they just got 458 00:25:11,560 --> 00:25:16,840 Speaker 1: done with an off sale of toothbrushes. But you see, 459 00:25:16,880 --> 00:25:20,040 Speaker 1: my point is, obviously I'm someone that can afford a toothbrush, 460 00:25:20,400 --> 00:25:24,080 Speaker 1: but it doesn't matter there's none available. I would challenge 461 00:25:24,200 --> 00:25:26,240 Speaker 1: any of your viewers or listeners who are living in 462 00:25:26,280 --> 00:25:29,720 Speaker 1: the United States, especially areas like Phoenix and Tucson, try 463 00:25:29,760 --> 00:25:32,720 Speaker 1: to get an uber. Good luck with that. Good luck 464 00:25:32,760 --> 00:25:35,479 Speaker 1: with that. Back in the day, as most of us know, 465 00:25:35,720 --> 00:25:39,760 Speaker 1: it would take you maximum five minutes to get an uber. 466 00:25:40,119 --> 00:25:43,080 Speaker 1: Now you're lucky if you can get one in forty 467 00:25:43,119 --> 00:25:45,359 Speaker 1: five minutes. Try going to a nice restaurant. Yeah, I 468 00:25:45,400 --> 00:25:47,000 Speaker 1: just I just had that problem in I was in 469 00:25:47,080 --> 00:25:49,840 Speaker 1: Jacksonville last weekend and and I couldn't get it, couldn't 470 00:25:49,840 --> 00:25:51,399 Speaker 1: get a ride, and I actually had to book it 471 00:25:51,440 --> 00:25:52,840 Speaker 1: a couple of days in advance to make sure I 472 00:25:52,840 --> 00:25:56,480 Speaker 1: could get a ride. Exactly same thing with restaurants, same thing. 473 00:25:56,560 --> 00:26:00,600 Speaker 1: So yes, maybe people are getting richer if they own assets, 474 00:26:00,640 --> 00:26:04,360 Speaker 1: if they own stocks, but their quality of life is deteriorating. 475 00:26:04,720 --> 00:26:07,080 Speaker 1: And that just goes back to what I'm saying that 476 00:26:07,080 --> 00:26:10,320 Speaker 1: that we've got to try to get people to think 477 00:26:10,359 --> 00:26:13,160 Speaker 1: of wealth in terms of goods and services and not 478 00:26:13,440 --> 00:26:17,399 Speaker 1: in fiat currency, currency units or the number that's on 479 00:26:17,440 --> 00:26:20,520 Speaker 1: your bank account. Because if wealth was measured by the 480 00:26:20,640 --> 00:26:24,480 Speaker 1: number that's on in people's bank account, then Venezuela would 481 00:26:24,480 --> 00:26:27,040 Speaker 1: be the wealthiest country on the planet Earth because everyone 482 00:26:27,040 --> 00:26:30,679 Speaker 1: in the trillionaire. Right. But you wouldn't want to move 483 00:26:30,720 --> 00:26:34,000 Speaker 1: to Venezuela, right, Yeah, And some of that though, two 484 00:26:34,280 --> 00:26:36,000 Speaker 1: and and and I think that's why, you know, we 485 00:26:36,080 --> 00:26:38,680 Speaker 1: spent a lot of time talking about that first conversation 486 00:26:38,800 --> 00:26:40,840 Speaker 1: just about freedom and being able to you know, have 487 00:26:40,920 --> 00:26:43,119 Speaker 1: freedom of choice and things like that, and why that 488 00:26:43,160 --> 00:26:46,159 Speaker 1: conversation is important. Even when we talk about economics, a 489 00:26:46,200 --> 00:26:47,680 Speaker 1: lot of times people like, hey, shut up, just talk 490 00:26:47,680 --> 00:26:49,760 Speaker 1: about money, right, that's you guys talk about. But these 491 00:26:49,800 --> 00:26:52,320 Speaker 1: are so intertwined, right, you can't really have one without 492 00:26:52,320 --> 00:26:55,520 Speaker 1: the other. You mentioned the road to served them high 493 00:26:55,880 --> 00:26:58,840 Speaker 1: Uh seminal work. I recommend everybody go read that book 494 00:26:58,960 --> 00:27:03,600 Speaker 1: because it really is that case out right how economics 495 00:27:03,720 --> 00:27:07,600 Speaker 1: and and policy social economics. It's all intertwined. You can't 496 00:27:07,600 --> 00:27:10,240 Speaker 1: have one without the other, because, as to your point, 497 00:27:10,600 --> 00:27:12,720 Speaker 1: wealth is goods and services. And if I don't have 498 00:27:12,760 --> 00:27:16,080 Speaker 1: freedom to move and freedom to choose and freedom to create, 499 00:27:16,200 --> 00:27:19,520 Speaker 1: then I don't create goods and services. And so um, 500 00:27:19,920 --> 00:27:21,399 Speaker 1: I'm sure you see it on your comments all the 501 00:27:21,400 --> 00:27:23,080 Speaker 1: time people say, stay in your lane. You don't know 502 00:27:23,080 --> 00:27:26,000 Speaker 1: anything about I did a video about the Paris Accord Agreement, 503 00:27:26,080 --> 00:27:28,240 Speaker 1: not about not about the science, but about the agreement. 504 00:27:28,280 --> 00:27:30,720 Speaker 1: And you don't know anything about science. I'm like, I 505 00:27:30,760 --> 00:27:33,840 Speaker 1: know about the agreement and and and it's all intertwined, right. 506 00:27:34,240 --> 00:27:37,080 Speaker 1: I know about common sense. Yeah, that's one thing I 507 00:27:37,520 --> 00:27:42,240 Speaker 1: know a lot about its common sense. So I definitely 508 00:27:42,240 --> 00:27:45,480 Speaker 1: respond to those Yeah, exactly. So you have you have 509 00:27:45,800 --> 00:27:48,720 Speaker 1: h and and you mentioned Argentina or Venezuela. I think 510 00:27:48,760 --> 00:27:50,760 Speaker 1: and if it's Venezuela is a perfect example because they 511 00:27:50,800 --> 00:27:52,919 Speaker 1: were one of the richest countries in the world, one 512 00:27:52,920 --> 00:27:56,119 Speaker 1: of the richest Latin American country. I believe me. They 513 00:27:56,119 --> 00:28:01,280 Speaker 1: have massive amounts of natural resources. Um. But um, when 514 00:28:01,280 --> 00:28:03,480 Speaker 1: they decided to put the crony buddies in to run 515 00:28:03,520 --> 00:28:06,639 Speaker 1: the natural resources, the production went down. Now they can't 516 00:28:06,680 --> 00:28:09,679 Speaker 1: even get their oil out of the ground anymore. And 517 00:28:09,720 --> 00:28:13,480 Speaker 1: so while they have the resources, they can't even produce 518 00:28:13,600 --> 00:28:16,239 Speaker 1: them or whatever. Um. And so to your point, right, 519 00:28:16,280 --> 00:28:19,879 Speaker 1: the good the real valuable goods and services are just gone. 520 00:28:19,880 --> 00:28:23,560 Speaker 1: And what do they have left. Yeah, that's right, and 521 00:28:23,600 --> 00:28:27,520 Speaker 1: they made some horrible mistakes, but you know, we're going 522 00:28:27,600 --> 00:28:29,919 Speaker 1: down the same path. I mean, I say that and 523 00:28:29,960 --> 00:28:32,040 Speaker 1: people kind of laugh it off. But if you think 524 00:28:32,040 --> 00:28:35,360 Speaker 1: about what happened with Venezuela and their hyper inflation, they 525 00:28:35,400 --> 00:28:39,240 Speaker 1: built their entire economy around the production of oil, and 526 00:28:39,280 --> 00:28:42,080 Speaker 1: then they nationalized it, and then they just took all 527 00:28:42,080 --> 00:28:44,720 Speaker 1: the profits and distributed it. And that's when you know 528 00:28:44,720 --> 00:28:48,440 Speaker 1: people like Sean pen and Bernie Sanders and they're all 529 00:28:48,440 --> 00:28:51,240 Speaker 1: going down there and you know, getting their selfies taken 530 00:28:51,240 --> 00:28:54,640 Speaker 1: with Hugo Shavez saying that this was the greatest economic 531 00:28:54,760 --> 00:28:57,000 Speaker 1: miracle for the poor and middle class that the world 532 00:28:57,080 --> 00:29:01,520 Speaker 1: has ever seen. Okay, fine, but again, you're you're putting 533 00:29:01,600 --> 00:29:05,840 Speaker 1: all your economic eggs in one basket. So what happens 534 00:29:06,040 --> 00:29:08,719 Speaker 1: when the price of oil goes from a hundred dollars 535 00:29:08,920 --> 00:29:14,120 Speaker 1: barrel down to your economy implodes and the only thing 536 00:29:14,160 --> 00:29:17,320 Speaker 1: that you can do is print money, because you've got 537 00:29:17,360 --> 00:29:21,960 Speaker 1: dollar denominated debt or or whatever, and then you you 538 00:29:22,000 --> 00:29:26,320 Speaker 1: get this hyper inflation type of scenario. So let's think 539 00:29:26,360 --> 00:29:30,440 Speaker 1: about what's happening right now in the United States. We're 540 00:29:30,640 --> 00:29:36,680 Speaker 1: just spending trillions of dollars per year in stimulus quote unquote, 541 00:29:37,080 --> 00:29:40,080 Speaker 1: and this is this, this deficit spending that I don't 542 00:29:40,120 --> 00:29:42,479 Speaker 1: see the government stopping. I think you have to go 543 00:29:42,560 --> 00:29:47,400 Speaker 1: back in the right Look at QUE. When ben Burnanky 544 00:29:47,600 --> 00:29:51,800 Speaker 1: first came out and announced quantitative easy, he didn't say, hey, guys, 545 00:29:51,840 --> 00:29:55,840 Speaker 1: this is QUE one. He said, hey, this is QUE, 546 00:29:56,880 --> 00:30:00,920 Speaker 1: meaning we only need one. So but sure enough we 547 00:30:00,960 --> 00:30:03,720 Speaker 1: have HUE two, QUE three, QUE four. Now we have 548 00:30:03,800 --> 00:30:06,880 Speaker 1: quwe infinity. Just think what would happen right now to 549 00:30:06,960 --> 00:30:10,800 Speaker 1: the United States economy if the Fed just stopped quie, 550 00:30:11,040 --> 00:30:14,760 Speaker 1: just stopped done, and then they start doing quantitative tightening 551 00:30:15,000 --> 00:30:17,120 Speaker 1: just to reduce their balance sheet back down to eight 552 00:30:17,200 --> 00:30:20,840 Speaker 1: hundred billion where it was prior to the GFC. I mean, 553 00:30:21,400 --> 00:30:25,960 Speaker 1: your viewers who are are relatively sophisticated or that watch 554 00:30:26,040 --> 00:30:28,600 Speaker 1: your show a lot, they know that that would just 555 00:30:28,680 --> 00:30:32,480 Speaker 1: completely implode the US economy. There would be just this 556 00:30:32,640 --> 00:30:36,520 Speaker 1: domino effect. Well, it's it's a lot like you know, 557 00:30:36,600 --> 00:30:40,320 Speaker 1: Shift always uses the term monetary heroine, and I think 558 00:30:40,360 --> 00:30:43,400 Speaker 1: that's a great way to describe it. What happens is 559 00:30:43,440 --> 00:30:47,680 Speaker 1: you give the drug addict more and more heroin, and 560 00:30:47,720 --> 00:30:51,000 Speaker 1: in order to achieve the same effect, they have to 561 00:30:51,040 --> 00:30:53,959 Speaker 1: take more and more of the drug, and heaven forbid, 562 00:30:54,000 --> 00:30:57,360 Speaker 1: they stopped taking the drug. Their body just can't deal 563 00:30:57,400 --> 00:31:00,760 Speaker 1: with it and they most likely pass away it. And 564 00:31:00,800 --> 00:31:03,560 Speaker 1: I think it's the exact same thing now with the economy. 565 00:31:03,600 --> 00:31:06,440 Speaker 1: We've done it with quantitative eavening, and now we're doing 566 00:31:06,480 --> 00:31:09,040 Speaker 1: it with stimulus. Just think what would have happened to 567 00:31:09,120 --> 00:31:13,080 Speaker 1: the US economy in if we would not have had 568 00:31:13,120 --> 00:31:17,160 Speaker 1: the stimulus, if we did not take people to stay home, well, 569 00:31:17,280 --> 00:31:21,280 Speaker 1: we would have got all of that malinvestment in misallocation research, 570 00:31:21,360 --> 00:31:24,520 Speaker 1: We would have got all that bad um, all those 571 00:31:24,560 --> 00:31:27,600 Speaker 1: distortions out of the market would have been washed away. 572 00:31:27,840 --> 00:31:30,320 Speaker 1: We would have had to taken the we would have 573 00:31:30,920 --> 00:31:33,760 Speaker 1: we would have taken the economic medicine, but it would 574 00:31:33,760 --> 00:31:37,760 Speaker 1: have been extremely, extremely We would have for two or 575 00:31:37,760 --> 00:31:41,400 Speaker 1: three years, but it would have built a solid foundation 576 00:31:41,880 --> 00:31:45,760 Speaker 1: for us to continue to grow on. Instead of just 577 00:31:45,880 --> 00:31:50,880 Speaker 1: going to rehab Using that heroin analogy, we just decided 578 00:31:50,960 --> 00:31:53,120 Speaker 1: to take more and more heroin. We said, okay, we're 579 00:31:53,120 --> 00:31:56,560 Speaker 1: taking one shot a day. Now, let's just take ten 580 00:31:56,640 --> 00:31:58,920 Speaker 1: shots a day, and oh my gosh, we feel so 581 00:31:59,040 --> 00:32:02,120 Speaker 1: much better. We yeah, we do feel better for a time, 582 00:32:02,560 --> 00:32:04,000 Speaker 1: for the next year, for the next two years. But 583 00:32:04,000 --> 00:32:05,400 Speaker 1: now all of a sudden, we're gonna need to take 584 00:32:05,400 --> 00:32:08,520 Speaker 1: twenty shots of heroin, thirty shots of heroin until a 585 00:32:08,640 --> 00:32:14,040 Speaker 1: point where the heroin kills the heroin added, Yeah, and 586 00:32:14,040 --> 00:32:16,040 Speaker 1: it's the exact same thing that's going to happen to 587 00:32:16,080 --> 00:32:19,480 Speaker 1: the economy now as a result of the decisions we've made, 588 00:32:19,720 --> 00:32:23,280 Speaker 1: or the government has made in and continue to make 589 00:32:23,360 --> 00:32:28,120 Speaker 1: worse today. Yeah, it's it's uh, it's it's two sides, right, 590 00:32:28,160 --> 00:32:30,760 Speaker 1: it's it's the proverbial ripping the band aid off. Right, 591 00:32:30,760 --> 00:32:33,560 Speaker 1: it hurts, but but it's but it's better. Um. But 592 00:32:33,600 --> 00:32:36,760 Speaker 1: I also think that if they didn't have unlimited money 593 00:32:36,800 --> 00:32:39,720 Speaker 1: printing at their disposal, we might not have seen the 594 00:32:39,720 --> 00:32:43,080 Speaker 1: whole global economy shut down either, Right, So they if 595 00:32:43,120 --> 00:32:45,280 Speaker 1: they didn't know they could reinflate it, maybe they never 596 00:32:45,280 --> 00:32:46,680 Speaker 1: would have shut it down in the first place. So 597 00:32:46,680 --> 00:32:49,160 Speaker 1: there's those policies kind of drive each other one thing 598 00:32:49,200 --> 00:32:53,760 Speaker 1: I'd like to ask about is, um, it seems that 599 00:32:53,800 --> 00:32:55,720 Speaker 1: and and I know you've talked about this, right that 600 00:32:56,400 --> 00:32:59,640 Speaker 1: the you know, before the Federal Reserve, we actually saw 601 00:32:59,720 --> 00:33:02,920 Speaker 1: d relation, right, But we live in a we live 602 00:33:02,920 --> 00:33:05,440 Speaker 1: in a debt based system today, which means they have 603 00:33:05,520 --> 00:33:08,920 Speaker 1: to constantly inflate the money supply because money is created 604 00:33:08,920 --> 00:33:13,840 Speaker 1: off of debt. But what I think about is that, Um, 605 00:33:13,880 --> 00:33:17,640 Speaker 1: you know, these economists can make these these complex arguments, 606 00:33:18,080 --> 00:33:20,480 Speaker 1: but I like to break things down to the most basic, 607 00:33:20,560 --> 00:33:23,760 Speaker 1: first principal levels, right, And we have natural laws of 608 00:33:23,800 --> 00:33:26,560 Speaker 1: the universe, like gravity can you can you can defy 609 00:33:26,640 --> 00:33:29,120 Speaker 1: gravity for so long, but it eventually stamps back. And 610 00:33:29,200 --> 00:33:31,280 Speaker 1: one of the natural laws of the universe, I believe, 611 00:33:31,320 --> 00:33:35,480 Speaker 1: just human ingenuity is deflationary. Right, So like I used 612 00:33:35,520 --> 00:33:37,640 Speaker 1: to carry one brick at a time, but I invented 613 00:33:37,680 --> 00:33:40,520 Speaker 1: a will barrel, Right, that was deflationary. I used to 614 00:33:40,520 --> 00:33:42,480 Speaker 1: watch as a kid the Jetsons, and like we dreamed 615 00:33:42,480 --> 00:33:44,160 Speaker 1: of having a robot clean the house for us, Like, 616 00:33:44,240 --> 00:33:48,240 Speaker 1: that's deflationary. So it seems like natural law human ingenuity 617 00:33:48,480 --> 00:33:52,360 Speaker 1: is leads to deflation and it goes exactly against a 618 00:33:52,400 --> 00:33:54,880 Speaker 1: system they're trying to create, which is inflationary. So it's 619 00:33:54,920 --> 00:33:58,280 Speaker 1: like they're trying to define natural law, which of course 620 00:33:58,360 --> 00:34:01,600 Speaker 1: leads to distortions, and I think eventually, just like gravity fails. 621 00:34:01,640 --> 00:34:03,920 Speaker 1: What what do you think about that? Yeah, I think 622 00:34:03,960 --> 00:34:08,120 Speaker 1: that's interesting. I mean, you're using deflations anonymously with productivity, 623 00:34:08,280 --> 00:34:11,960 Speaker 1: and so it's more ingenuity, right, be more and more productive. 624 00:34:12,080 --> 00:34:15,080 Speaker 1: You're just using a wheelbarrow instead of your hands. You're 625 00:34:15,120 --> 00:34:17,520 Speaker 1: being more productive. It reminds me of the story of 626 00:34:17,520 --> 00:34:21,040 Speaker 1: Milton Friedman when he went to this location I believe 627 00:34:21,080 --> 00:34:24,160 Speaker 1: it was in Asia and he was there with his 628 00:34:24,200 --> 00:34:28,799 Speaker 1: wife on vacation and one of the local politicians took 629 00:34:28,880 --> 00:34:32,719 Speaker 1: him to show off this new jobs program that they had, 630 00:34:33,520 --> 00:34:36,719 Speaker 1: and all these people, all these guys were out there 631 00:34:36,960 --> 00:34:39,640 Speaker 1: digging these holes to build this building or something like that, 632 00:34:39,680 --> 00:34:44,600 Speaker 1: to build a foundation, and they're all using shovels. Hey, 633 00:34:44,600 --> 00:34:47,040 Speaker 1: sorry to interrupt this video just one more time. I'm 634 00:34:47,080 --> 00:34:49,880 Speaker 1: not running Google ads, so it's actually way less interruption 635 00:34:49,880 --> 00:34:52,000 Speaker 1: than I normally would have on a video. And that's 636 00:34:52,040 --> 00:34:55,600 Speaker 1: because it's sponsored by block five um. They are opening 637 00:34:55,680 --> 00:34:58,520 Speaker 1: up the world of bitcoin and financial products, offering to 638 00:34:58,560 --> 00:35:01,759 Speaker 1: pay you interest on to your bitcoin um better than 639 00:35:01,800 --> 00:35:03,640 Speaker 1: own in a rental property that you have to manage 640 00:35:03,640 --> 00:35:05,319 Speaker 1: and control and have the risks. You can just earn 641 00:35:05,400 --> 00:35:07,920 Speaker 1: interest on it, or you can leverage against it. Now, 642 00:35:08,200 --> 00:35:11,399 Speaker 1: I plan to hold my bitcoin forever and literally never 643 00:35:11,719 --> 00:35:13,719 Speaker 1: sell my bitcoin. So how do you do that? Well, 644 00:35:13,960 --> 00:35:16,160 Speaker 1: if I need money, I don't want to sell that bitcoin. 645 00:35:16,200 --> 00:35:18,319 Speaker 1: I'm gonna pay tax on it, all right, I'm gonna 646 00:35:18,360 --> 00:35:20,600 Speaker 1: end up with less and I don't have the bitcoin anymore. 647 00:35:20,719 --> 00:35:22,760 Speaker 1: So a better way to do it is to borrow 648 00:35:22,920 --> 00:35:25,800 Speaker 1: against the bitcoin. So I've put all my money into bitcoin. 649 00:35:26,040 --> 00:35:27,680 Speaker 1: If I want to buy a car, or I want 650 00:35:27,680 --> 00:35:30,279 Speaker 1: to buy a house, I can borrow against it at 651 00:35:30,480 --> 00:35:33,400 Speaker 1: very very low competitive rates, get my house, get my car, 652 00:35:33,520 --> 00:35:36,320 Speaker 1: whatever that may be, and get to keep the bitcoin. 653 00:35:36,360 --> 00:35:38,840 Speaker 1: I've done a whole video on this. You can find it. 654 00:35:38,840 --> 00:35:40,799 Speaker 1: I'll link it down to the description below how to 655 00:35:40,960 --> 00:35:43,319 Speaker 1: retire off a bitcoin without paying taxes, and you can 656 00:35:43,360 --> 00:35:46,120 Speaker 1: do that with Block five Services' link to the video 657 00:35:46,120 --> 00:35:47,600 Speaker 1: down below. I'm also going to put a link to 658 00:35:47,640 --> 00:35:49,480 Speaker 1: block five if you choose to click on that link 659 00:35:49,520 --> 00:35:51,040 Speaker 1: to check them out. You can earn up to two 660 00:35:51,400 --> 00:35:53,799 Speaker 1: fifty dollars in free bitcoin just for using that link. 661 00:35:54,120 --> 00:35:55,680 Speaker 1: And that's it. Let's go ahead and get back to 662 00:35:55,760 --> 00:35:59,799 Speaker 1: the interview. And Milton Friedman says, that's weird. Why why 663 00:36:00,160 --> 00:36:05,120 Speaker 1: you using a bulldozer or a big machine to do that? 664 00:36:05,560 --> 00:36:08,359 Speaker 1: And the guy said, oh no, Mr Freedman, No, no, no, 665 00:36:08,400 --> 00:36:11,120 Speaker 1: we can't do that because see, this is a jobs 666 00:36:11,200 --> 00:36:14,959 Speaker 1: program and in order to if we did that, we'd 667 00:36:15,000 --> 00:36:17,919 Speaker 1: only have three or four jobs, but now we've got 668 00:36:18,040 --> 00:36:21,640 Speaker 1: forty or fifty jobs. He said, okay, well, if that's 669 00:36:21,680 --> 00:36:26,839 Speaker 1: your objective, then why don't you just use spoons? Yeah, 670 00:36:27,440 --> 00:36:30,080 Speaker 1: because then you'd have a whole ton of jobs. But see, 671 00:36:30,239 --> 00:36:32,959 Speaker 1: but most people would laugh that off because of how 672 00:36:33,400 --> 00:36:36,080 Speaker 1: unproductive it would be and how long it would take you. 673 00:36:36,120 --> 00:36:39,319 Speaker 1: But it's the exact same thing. And from the year 674 00:36:39,440 --> 00:36:44,200 Speaker 1: eighteen hundred to nineteen hundred, prices in the United States 675 00:36:44,239 --> 00:36:48,839 Speaker 1: due to productivity and in productivity gains went down by 676 00:36:48,880 --> 00:36:54,200 Speaker 1: fift over a hundred year period. And I would like 677 00:36:54,320 --> 00:36:57,400 Speaker 1: to point out that this was during a time of 678 00:36:57,520 --> 00:37:01,920 Speaker 1: fractional reserve banking. A lot of people think that fractional 679 00:37:02,000 --> 00:37:06,160 Speaker 1: reserve banking in and of itself leads to runaway inflation 680 00:37:06,640 --> 00:37:09,440 Speaker 1: and there's no getting away from it. But that's not true. 681 00:37:09,880 --> 00:37:13,160 Speaker 1: What we had in the early prior to the Civil 682 00:37:13,200 --> 00:37:18,560 Speaker 1: War is something called free banking. And this is where 683 00:37:19,000 --> 00:37:20,800 Speaker 1: and it's not where you get a free checking account. 684 00:37:20,840 --> 00:37:23,879 Speaker 1: It's basically where the banks are lending at at will. 685 00:37:24,080 --> 00:37:27,640 Speaker 1: They set up their own reserve requirements and they they 686 00:37:27,680 --> 00:37:30,120 Speaker 1: are lending out more than they have. You know, it's 687 00:37:30,160 --> 00:37:34,160 Speaker 1: it's it's fractional reserve. But the government isn't involved. The 688 00:37:34,200 --> 00:37:37,080 Speaker 1: government didn't get involved until the Civil War, and of 689 00:37:37,120 --> 00:37:39,480 Speaker 1: course we didn't have a central bank. But if you 690 00:37:39,520 --> 00:37:42,200 Speaker 1: think about what was happening back then, is if you 691 00:37:42,280 --> 00:37:45,160 Speaker 1: owned a bank and you had all of these people 692 00:37:45,200 --> 00:37:48,680 Speaker 1: depositing their gold with you based money, and then you 693 00:37:48,719 --> 00:37:53,000 Speaker 1: were creating currency units and io us based on that gold, 694 00:37:53,040 --> 00:37:55,560 Speaker 1: and then you're creating additional ones to lend those out. 695 00:37:55,920 --> 00:37:58,839 Speaker 1: But you were responsible. It was your bank, and if 696 00:37:58,840 --> 00:38:02,560 Speaker 1: the bank goes bust, that means you go bust, which 697 00:38:02,640 --> 00:38:05,480 Speaker 1: they did all the time. Yeah, So what you do 698 00:38:05,719 --> 00:38:09,520 Speaker 1: is you'd say, Okay, well, my lending standards are gonna 699 00:38:09,520 --> 00:38:12,799 Speaker 1: be really high. I'm only gonna lend to someone that 700 00:38:13,000 --> 00:38:16,520 Speaker 1: I know can pay me back, so they've got to 701 00:38:16,560 --> 00:38:19,040 Speaker 1: have a great job. Or most likely what you would 702 00:38:19,040 --> 00:38:22,600 Speaker 1: do is you would lend to businesses that are that 703 00:38:22,760 --> 00:38:27,399 Speaker 1: want to grow their business and want to create more efficiencies. Right, 704 00:38:27,440 --> 00:38:31,160 Speaker 1: they want to use that money for capital investment, Why 705 00:38:31,239 --> 00:38:33,680 Speaker 1: create more goods and so that's right there, you go 706 00:38:33,960 --> 00:38:36,440 Speaker 1: to create. So what you had is you had the 707 00:38:36,480 --> 00:38:41,279 Speaker 1: amount of goods and services in the economy actually expanding 708 00:38:41,520 --> 00:38:45,319 Speaker 1: faster than the rate of money growth, even though we 709 00:38:45,360 --> 00:38:49,080 Speaker 1: had this fractional reserve system. So it's not about really 710 00:38:49,120 --> 00:38:52,480 Speaker 1: the rate of money growth. And for I mean, it 711 00:38:52,880 --> 00:38:56,399 Speaker 1: sounds crazy, but I'd actually agree with the people the 712 00:38:56,520 --> 00:38:59,600 Speaker 1: m M tears when it comes to that. It isn't 713 00:38:59,719 --> 00:39:02,960 Speaker 1: nest necessarily the rate of money growth in and of itself. 714 00:39:03,320 --> 00:39:07,080 Speaker 1: It's the rate of growth in goods and services relative 715 00:39:08,080 --> 00:39:10,520 Speaker 1: to the rate of money growth. And if you have 716 00:39:10,640 --> 00:39:14,719 Speaker 1: goods and services increasing at the same rate or a 717 00:39:14,800 --> 00:39:18,120 Speaker 1: higher rate than, that's going to give you a price 718 00:39:18,480 --> 00:39:23,000 Speaker 1: stability or to your earlier point of price deflation over 719 00:39:23,040 --> 00:39:27,480 Speaker 1: the long term, which ironically enough, really benefits not the rich, 720 00:39:28,120 --> 00:39:30,880 Speaker 1: but it benefits them too, but it benefits the poor 721 00:39:31,400 --> 00:39:36,640 Speaker 1: and the middle class, and it creates at a society 722 00:39:36,680 --> 00:39:42,160 Speaker 1: that really is incentivized to save money. Because as an 723 00:39:42,160 --> 00:39:45,440 Speaker 1: example back in the late eighteen hundreds, you could get 724 00:39:45,480 --> 00:39:49,160 Speaker 1: a seven percent real return on your money because deflation 725 00:39:49,239 --> 00:39:51,040 Speaker 1: was about two or three percent, and you could get 726 00:39:51,040 --> 00:39:54,359 Speaker 1: about four or five just by putting your your money 727 00:39:54,360 --> 00:39:57,120 Speaker 1: in a savings account. So you could get a seven 728 00:39:57,120 --> 00:40:01,120 Speaker 1: percent return just by putting your money and a savings account. 729 00:40:01,480 --> 00:40:05,640 Speaker 1: Why on earth would you want to buy stocks? Like, 730 00:40:05,680 --> 00:40:08,200 Speaker 1: why on earth would you want to? Well you might 731 00:40:08,640 --> 00:40:10,600 Speaker 1: some people might still want to to get a better return, 732 00:40:10,600 --> 00:40:13,279 Speaker 1: but you're not forced to, that's right. And it would 733 00:40:13,280 --> 00:40:16,239 Speaker 1: be a very small portion of the population. It would 734 00:40:16,280 --> 00:40:19,759 Speaker 1: be just the professionals, you know, and guys that like, 735 00:40:19,760 --> 00:40:22,080 Speaker 1: like the Jim Rodgers of the day. You know, those 736 00:40:22,120 --> 00:40:24,279 Speaker 1: guys I'm sure would still do it, But just the 737 00:40:24,400 --> 00:40:27,799 Speaker 1: average Joe and Jane. They would have no desire whatsoever. 738 00:40:28,440 --> 00:40:29,959 Speaker 1: And let me let me, let me chase that down 739 00:40:29,960 --> 00:40:32,839 Speaker 1: for a second, George, because um, really, what happened with 740 00:40:32,920 --> 00:40:36,120 Speaker 1: money is it allowed for specialization. So I used to 741 00:40:36,160 --> 00:40:38,040 Speaker 1: have to raise my own cows and my own chickens, 742 00:40:38,040 --> 00:40:39,799 Speaker 1: and make my own clothes and so might make my 743 00:40:39,800 --> 00:40:41,640 Speaker 1: own food. All that, right, But when we had money, 744 00:40:41,680 --> 00:40:43,640 Speaker 1: it allowed us to just be the best cow grower 745 00:40:43,719 --> 00:40:45,160 Speaker 1: in the world. The best crop grower in the world 746 00:40:45,200 --> 00:40:49,400 Speaker 1: and allowed specialization. I believe we've lost a massive amount 747 00:40:49,440 --> 00:40:53,520 Speaker 1: of ingenuity, a brain drain, if you will, because of this. Right, So, 748 00:40:53,680 --> 00:40:55,600 Speaker 1: instead of just being the best brain surgeon in the 749 00:40:55,640 --> 00:40:59,319 Speaker 1: world and focusing on the best groundbreaking things, I also 750 00:40:59,360 --> 00:41:01,520 Speaker 1: have to be an invest two. So I can't be 751 00:41:01,520 --> 00:41:05,759 Speaker 1: a focused on saving human lives with brain surgery. I 752 00:41:05,800 --> 00:41:07,520 Speaker 1: have to worry about my portfolio at the same time. 753 00:41:07,760 --> 00:41:09,520 Speaker 1: And you know, right, if I focus on one thing, 754 00:41:10,200 --> 00:41:11,799 Speaker 1: that's good. But what if I only put half of 755 00:41:11,840 --> 00:41:14,680 Speaker 1: my focus there, And so imagine the brain drain that 756 00:41:14,719 --> 00:41:16,960 Speaker 1: we've lost because of the problem that you're saying. Most 757 00:41:16,960 --> 00:41:20,080 Speaker 1: people can't just put their money there right there. They 758 00:41:20,080 --> 00:41:22,640 Speaker 1: have to be forced to be this investor. Anyway, it's 759 00:41:22,640 --> 00:41:25,320 Speaker 1: an interesting concept. I thought about it. Let's let's unpack 760 00:41:25,440 --> 00:41:28,759 Speaker 1: that because it's a very very important concept that you 761 00:41:28,840 --> 00:41:31,759 Speaker 1: just talked about. Let's just take things back to extremely 762 00:41:31,840 --> 00:41:34,759 Speaker 1: simple economy. It's just you and I and maybe a 763 00:41:34,800 --> 00:41:37,160 Speaker 1: couple other people, and we all have our little plot 764 00:41:37,200 --> 00:41:40,800 Speaker 1: of land, and we're growing the corn, the wheat, the cattle, 765 00:41:40,840 --> 00:41:43,480 Speaker 1: and maybe the cotton. We need to make our own 766 00:41:43,520 --> 00:41:45,920 Speaker 1: clothes or something like that, and it's really but we 767 00:41:45,960 --> 00:41:49,640 Speaker 1: can only make enough to where we're just feeding and 768 00:41:49,680 --> 00:41:52,800 Speaker 1: providing for our own family. Then all of a sudden, 769 00:41:53,200 --> 00:41:56,080 Speaker 1: we we both go out and we have the ability 770 00:41:56,080 --> 00:41:59,120 Speaker 1: to make a tool. Well, now all of a sudden, 771 00:41:59,400 --> 00:42:03,919 Speaker 1: I creating double what I need. So then you can 772 00:42:04,000 --> 00:42:06,880 Speaker 1: go and you don't have to create. You don't have 773 00:42:07,000 --> 00:42:09,319 Speaker 1: to grow all this cotton, you don't have to grow 774 00:42:09,360 --> 00:42:12,000 Speaker 1: all this wheat or cattle or whatever. You can go 775 00:42:12,080 --> 00:42:14,319 Speaker 1: do something else. You can become a doctor, or maybe 776 00:42:14,360 --> 00:42:17,000 Speaker 1: you can specialize in being a construction worker and start 777 00:42:17,040 --> 00:42:19,879 Speaker 1: to build homes. Right, and then the other guy down 778 00:42:19,920 --> 00:42:22,560 Speaker 1: the street can do the same thing. And as I 779 00:42:22,760 --> 00:42:26,280 Speaker 1: increase my productivity, now all of a sudden, I can 780 00:42:26,360 --> 00:42:30,759 Speaker 1: grow because I I'm producing more than I consume. I'm 781 00:42:30,960 --> 00:42:34,279 Speaker 1: growing enough stuff or producing enough stuff for the whole 782 00:42:34,440 --> 00:42:37,960 Speaker 1: entire community to go do other things to where they 783 00:42:38,000 --> 00:42:41,320 Speaker 1: don't have to specialize, or they don't have to focus 784 00:42:41,360 --> 00:42:42,880 Speaker 1: on just their own little plot of land. And to 785 00:42:42,920 --> 00:42:46,920 Speaker 1: your point, they can be a specialist, which benefits society, 786 00:42:46,960 --> 00:42:51,319 Speaker 1: makes society wealthier. And now what we've done, as we 787 00:42:51,560 --> 00:42:56,680 Speaker 1: forced everyone into being speculators, because you you can't grow 788 00:42:56,719 --> 00:42:59,319 Speaker 1: your effect, you're gonna lose purchasing power if you put 789 00:42:59,320 --> 00:43:01,880 Speaker 1: your money in the bank, because the rate of inflation 790 00:43:02,200 --> 00:43:05,200 Speaker 1: is going to vastly exceed the interest rates that you're 791 00:43:05,239 --> 00:43:07,560 Speaker 1: going to get in a in a bank, and therefore 792 00:43:07,880 --> 00:43:10,880 Speaker 1: it's going to take your time and energy away from doctoring. 793 00:43:11,080 --> 00:43:13,520 Speaker 1: It's going to take time and energy away from farming, 794 00:43:13,840 --> 00:43:17,880 Speaker 1: from teaching, from from constructing homes, because you have to 795 00:43:17,920 --> 00:43:21,319 Speaker 1: do all these other things. And therefore we're producing less 796 00:43:21,360 --> 00:43:25,839 Speaker 1: stuff where if we just left it in a bank, done, 797 00:43:26,040 --> 00:43:28,719 Speaker 1: I got my seven percent return, you know, because we've 798 00:43:28,719 --> 00:43:31,880 Speaker 1: got two percent in deflation and interest rates are at 799 00:43:31,960 --> 00:43:36,000 Speaker 1: five percent. Now I can spend a hundred percent of 800 00:43:36,040 --> 00:43:39,759 Speaker 1: my time and energy on being productive at what I'm 801 00:43:39,920 --> 00:43:44,040 Speaker 1: best for what I enjoyed doing the most. For your point, 802 00:43:44,080 --> 00:43:46,600 Speaker 1: then we create more goods and services, were more productive, 803 00:43:46,719 --> 00:43:49,840 Speaker 1: and we're richer as a society. Yeah, And and I 804 00:43:50,280 --> 00:43:53,680 Speaker 1: just want to just put a punctuation bark on that. Um. 805 00:43:53,719 --> 00:43:57,520 Speaker 1: What that entails is me going out and solving problems, right, 806 00:43:57,560 --> 00:44:00,640 Speaker 1: That's that's providing value. I'm I'm I'm a irvant. I'm 807 00:44:00,640 --> 00:44:04,520 Speaker 1: out there trying to serve you, create, solve your problems 808 00:44:04,520 --> 00:44:08,040 Speaker 1: that you have and so like that's the ultimate and productivity. 809 00:44:08,239 --> 00:44:10,840 Speaker 1: Um right, So, um, it's it's a big it's a 810 00:44:10,840 --> 00:44:14,359 Speaker 1: big difference. It's it's we could we could sit here 811 00:44:14,360 --> 00:44:17,560 Speaker 1: and talk for days about all the little ways that 812 00:44:17,640 --> 00:44:22,960 Speaker 1: this fiat money system just destroys. Uh. I mean the 813 00:44:23,000 --> 00:44:26,719 Speaker 1: world is everything, right, from from relationships to personal productivity 814 00:44:26,800 --> 00:44:30,040 Speaker 1: to ingenuity. I mean all these things. It's not just fiat. 815 00:44:30,160 --> 00:44:32,640 Speaker 1: It's not just fiat. It's it's it's also the Federal 816 00:44:32,719 --> 00:44:37,480 Speaker 1: Reserve and UH, and trying to micro manage the economy 817 00:44:37,640 --> 00:44:41,239 Speaker 1: and create these inflation targets. I mean, even back when 818 00:44:41,239 --> 00:44:44,400 Speaker 1: we had we're on the kind of a quasi gold 819 00:44:44,440 --> 00:44:48,600 Speaker 1: standard prior to the nine we still had significant inflation 820 00:44:48,680 --> 00:44:52,400 Speaker 1: because of government and the FED micro managing in the 821 00:44:52,440 --> 00:44:56,040 Speaker 1: forties and the fifties and the sixties, which still started 822 00:44:56,080 --> 00:44:59,120 Speaker 1: to push people out the risk curve to try to 823 00:44:59,200 --> 00:45:02,960 Speaker 1: get that return and um, you know, and and at 824 00:45:02,960 --> 00:45:05,400 Speaker 1: the end of the day, the little guy, the average 825 00:45:05,480 --> 00:45:08,680 Speaker 1: Joe and Jane, they're the ones that get screwed. I 826 00:45:08,719 --> 00:45:11,200 Speaker 1: was listening to a video the other day of Milton Friedman. 827 00:45:11,520 --> 00:45:13,080 Speaker 1: He was one of my favorites. I was doing some 828 00:45:13,160 --> 00:45:17,520 Speaker 1: research for a video and he was talking about freedom 829 00:45:17,520 --> 00:45:20,600 Speaker 1: of speech. This interviewer was saying, well, Milton, I know 830 00:45:20,719 --> 00:45:22,960 Speaker 1: you're kind of a little hard on the United States, 831 00:45:22,960 --> 00:45:24,960 Speaker 1: but isn't it still the best country in the world. 832 00:45:25,000 --> 00:45:27,400 Speaker 1: I mean, we have freedom of speech here, I mean 833 00:45:27,400 --> 00:45:30,600 Speaker 1: any list of these things. Freedman said, Listen, I totally 834 00:45:30,600 --> 00:45:33,360 Speaker 1: agree with you that this place is is the best 835 00:45:33,360 --> 00:45:37,480 Speaker 1: place on earth, but I would push back a little 836 00:45:37,840 --> 00:45:41,320 Speaker 1: on some of the things you said. First, freedom of speech, 837 00:45:41,680 --> 00:45:43,960 Speaker 1: he goes, yes, we have freedom of speech, that's written 838 00:45:43,960 --> 00:45:49,040 Speaker 1: into our constitution, but in practice, do we really have 839 00:45:49,280 --> 00:45:52,520 Speaker 1: the ability to say what we want? And he used 840 00:45:52,520 --> 00:45:56,239 Speaker 1: the example, uh, and this was probably in the seventies, 841 00:45:56,840 --> 00:46:01,720 Speaker 1: this interview, and he used it example of the nineteen forties, fifties, 842 00:46:01,719 --> 00:46:08,520 Speaker 1: and sixties, owning treasuries was the worst investment possible because 843 00:46:09,160 --> 00:46:12,680 Speaker 1: because you had, uh, you know, inflation much higher than 844 00:46:12,719 --> 00:46:15,120 Speaker 1: the rate of return on the treasure you're getting. So 845 00:46:15,160 --> 00:46:17,759 Speaker 1: you're losing person part. But yet, and I didn't even 846 00:46:17,760 --> 00:46:21,920 Speaker 1: know this, but yet, there every single day on the 847 00:46:21,920 --> 00:46:25,560 Speaker 1: Wall Street Journal, all these banks would come out with 848 00:46:25,600 --> 00:46:30,960 Speaker 1: these full page ads trying to push people to buy treasuries. 849 00:46:32,320 --> 00:46:33,880 Speaker 1: Oh it's a great investment. You gotta do this. You 850 00:46:33,920 --> 00:46:36,200 Speaker 1: gotta do this, you gotta do this. So Milton said 851 00:46:36,239 --> 00:46:39,479 Speaker 1: that he would call some of his buddies that were 852 00:46:40,000 --> 00:46:43,560 Speaker 1: head and CEOs of some of these banks, like JP 853 00:46:43,760 --> 00:46:47,440 Speaker 1: Morgan or whatever, and he'd say, listen, I just saw 854 00:46:47,480 --> 00:46:50,480 Speaker 1: the Wall Street Journal. You've got another full page ad 855 00:46:51,200 --> 00:46:55,000 Speaker 1: trying to push people in your clients into buying treasuries. 856 00:46:55,920 --> 00:46:58,920 Speaker 1: He said, do you buy treasuries? And the guy would say, 857 00:46:58,920 --> 00:47:03,640 Speaker 1: oh no, are you gidding me? No way? And He's like, well, 858 00:47:03,640 --> 00:47:06,400 Speaker 1: why not, And he said, because that's a that's a 859 00:47:06,400 --> 00:47:10,680 Speaker 1: losing trade, that's a losing investment, because inflation is going 860 00:47:10,760 --> 00:47:12,640 Speaker 1: to run a lot higher than the interest rate the 861 00:47:12,680 --> 00:47:14,840 Speaker 1: government is willing to pay you. And he said, okay, 862 00:47:14,840 --> 00:47:16,800 Speaker 1: well why are you pushing it? Why are you taking 863 00:47:16,800 --> 00:47:20,759 Speaker 1: out these full page ads? And they said, because we 864 00:47:20,800 --> 00:47:25,239 Speaker 1: want to stay in good favor with the government and 865 00:47:25,320 --> 00:47:29,120 Speaker 1: the trade all the way back then, Yeah, yeah, absolutely. 866 00:47:29,120 --> 00:47:32,680 Speaker 1: I mean this is and that's one thing that over 867 00:47:32,680 --> 00:47:34,680 Speaker 1: the last couple of weeks when I talked about all 868 00:47:34,800 --> 00:47:37,360 Speaker 1: these all this crazy stuff going to Puerto Rico and 869 00:47:37,400 --> 00:47:39,759 Speaker 1: all trying to find a little bit of freedom, and 870 00:47:39,800 --> 00:47:42,000 Speaker 1: I'm sure a lot of your viewers and listeners can 871 00:47:42,040 --> 00:47:44,960 Speaker 1: relate to this. It kind of feels like you're you're 872 00:47:45,000 --> 00:47:47,560 Speaker 1: living in a world that's just been turned upside down 873 00:47:47,680 --> 00:47:53,239 Speaker 1: and there's no rational thinking whatsoever. People have been completely 874 00:47:53,360 --> 00:47:55,840 Speaker 1: lost their mind. It's like living in a twilight zone. 875 00:47:56,719 --> 00:47:58,840 Speaker 1: You really can't make heads or tails of it. You 876 00:47:58,880 --> 00:48:02,560 Speaker 1: don't know what's gonna happens. Very difficult to predict the 877 00:48:02,560 --> 00:48:07,759 Speaker 1: future or even understand the probabilities. And I found myself 878 00:48:08,000 --> 00:48:14,880 Speaker 1: in the same thought pattern. But the solution to just 879 00:48:15,040 --> 00:48:18,400 Speaker 1: go back in history because what we're seeing today. Although 880 00:48:18,440 --> 00:48:21,680 Speaker 1: we like to think it's unprecedented, and it seems like 881 00:48:21,840 --> 00:48:25,120 Speaker 1: that because we haven't seen anything like this in our lifetimes, 882 00:48:25,480 --> 00:48:29,520 Speaker 1: trust me, this is not unprecedented. If you read Miss 883 00:48:30,040 --> 00:48:35,760 Speaker 1: Hyak Freedman, Dr Thomas Soul, you see that this these 884 00:48:35,800 --> 00:48:39,360 Speaker 1: things have happened in the past, and even with conservative sickness, 885 00:48:39,440 --> 00:48:42,000 Speaker 1: going back to the Spanish flu. I did a lot 886 00:48:42,040 --> 00:48:44,920 Speaker 1: of research on that, and then you go back to 887 00:48:45,239 --> 00:48:47,560 Speaker 1: all of this, the things that we're seeing that we 888 00:48:47,640 --> 00:48:50,560 Speaker 1: talked about, I think before we start started recording, with 889 00:48:50,640 --> 00:48:52,920 Speaker 1: the mainstream media and how they're trying to push this 890 00:48:53,000 --> 00:48:55,959 Speaker 1: narrative and you can't even watch a star Wars movie 891 00:48:56,160 --> 00:48:59,520 Speaker 1: for it sakes anymore without just getting this woke narrative 892 00:48:59,640 --> 00:49:04,160 Speaker 1: jam down your throat constantly. The just ridiculous. It's like, 893 00:49:04,520 --> 00:49:07,120 Speaker 1: just time out for a second, give me a break 894 00:49:07,160 --> 00:49:09,760 Speaker 1: from this for just five minutes and let me enjoy 895 00:49:09,760 --> 00:49:13,440 Speaker 1: a movie. And you but you do the research, and 896 00:49:13,480 --> 00:49:16,200 Speaker 1: you see that this has been done many, many times. 897 00:49:16,239 --> 00:49:18,959 Speaker 1: This is nothing new. They're just taking a playbook right 898 00:49:19,200 --> 00:49:22,520 Speaker 1: out of Nazi Germany. And I'm not saying I'm not 899 00:49:22,600 --> 00:49:27,400 Speaker 1: saying that the globally lead and the central planners are Nazis. 900 00:49:27,480 --> 00:49:29,719 Speaker 1: That is not what I'm saying. But what I am 901 00:49:29,760 --> 00:49:35,399 Speaker 1: saying is they are using the exact same tactics. Whether 902 00:49:35,440 --> 00:49:39,880 Speaker 1: they're doing them intentionally or inadvertently, I'll leave that up 903 00:49:39,960 --> 00:49:43,080 Speaker 1: to you to make to decide and to have your 904 00:49:43,080 --> 00:49:46,080 Speaker 1: own opinion. But it's the when you study it, when 905 00:49:46,120 --> 00:49:49,520 Speaker 1: you study what the well, I don't know if this 906 00:49:49,600 --> 00:49:50,880 Speaker 1: is gonna be on YouTube, so I can try to 907 00:49:50,960 --> 00:49:53,760 Speaker 1: keep it YouTube friendly. What what the Germans did prior 908 00:49:53,840 --> 00:49:57,560 Speaker 1: to World War Two as far as their propaganda, they 909 00:49:58,000 --> 00:50:01,120 Speaker 1: really took kind of a three or four wronged approach. 910 00:50:01,920 --> 00:50:05,000 Speaker 1: First and foremost, what they did is they tried to 911 00:50:05,040 --> 00:50:11,640 Speaker 1: get people away from thinking rationally and put the priority 912 00:50:11,760 --> 00:50:17,120 Speaker 1: on feelings. They they they really had this campaign to say, 913 00:50:17,120 --> 00:50:21,040 Speaker 1: you know what, this rational thinking, it's it's overrated because 914 00:50:21,040 --> 00:50:23,279 Speaker 1: at the end of the day, it's really about how 915 00:50:23,360 --> 00:50:27,240 Speaker 1: we feel, and therefore we should take the priority away 916 00:50:27,239 --> 00:50:32,440 Speaker 1: from thinking and put it on feelings and emotions, soul familiar. 917 00:50:33,040 --> 00:50:35,000 Speaker 1: And then what they did in addition to that, then 918 00:50:35,000 --> 00:50:39,240 Speaker 1: what they would do is they engineered this very inexpensive radio, 919 00:50:39,520 --> 00:50:41,799 Speaker 1: which is kind of a novelty back in that time. 920 00:50:42,000 --> 00:50:45,640 Speaker 1: So almost every household in Germany had a radio, and 921 00:50:45,680 --> 00:50:47,680 Speaker 1: then they put them in all the schools. And it 922 00:50:47,760 --> 00:50:52,880 Speaker 1: wasn't just to hear, you know, the politicians talk and 923 00:50:52,920 --> 00:50:55,719 Speaker 1: all these things. It was for entertainment. It was to 924 00:50:55,800 --> 00:51:00,480 Speaker 1: listen to plays, cultural events, music, thing like this. But 925 00:51:00,560 --> 00:51:03,520 Speaker 1: what they would do is they would intertwine kind of 926 00:51:04,400 --> 00:51:09,080 Speaker 1: the propaganda, narrative the message, and it was very subtle 927 00:51:09,239 --> 00:51:12,640 Speaker 1: in the early nineteen thirties, and then it became more 928 00:51:12,800 --> 00:51:16,400 Speaker 1: and more and more extreme, to the point where I 929 00:51:16,520 --> 00:51:21,120 Speaker 1: read stories in the late thirties about people going into 930 00:51:21,120 --> 00:51:24,280 Speaker 1: the movie theater just like watching in Star Wars movie today, 931 00:51:24,520 --> 00:51:27,080 Speaker 1: and the propaganda at certain points in the movie was 932 00:51:27,120 --> 00:51:30,160 Speaker 1: so ridiculous. Even during a serious film, the crowd would 933 00:51:30,160 --> 00:51:33,719 Speaker 1: start laughing because it was so blatantly obvious that this 934 00:51:33,880 --> 00:51:37,400 Speaker 1: was propaganda, and it would actually piss off, you know, 935 00:51:37,440 --> 00:51:40,239 Speaker 1: the theater owner would tell the propaganda leader, and the the 936 00:51:40,440 --> 00:51:44,319 Speaker 1: propaganda leader would tell Hitler, and you know, he used 937 00:51:44,360 --> 00:51:49,080 Speaker 1: to get really really agitated because the people were laughing 938 00:51:49,080 --> 00:51:50,560 Speaker 1: at it. And another thing I want to point out 939 00:51:50,640 --> 00:51:54,560 Speaker 1: too that when they won the political party and then 940 00:51:54,600 --> 00:51:58,520 Speaker 1: they turned it into a dictatorship. This was nineteen I 941 00:51:58,520 --> 00:52:02,480 Speaker 1: believe thirty three or they only one with like a 942 00:52:02,560 --> 00:52:06,880 Speaker 1: thirty seven percent vote. It's just there was multiple parties, 943 00:52:06,960 --> 00:52:09,680 Speaker 1: so they actually won with thirty seven percent of the 944 00:52:09,680 --> 00:52:11,920 Speaker 1: people voting for them. So a lot of people and 945 00:52:11,960 --> 00:52:14,239 Speaker 1: even in the late thirties, you know, a lot of 946 00:52:14,280 --> 00:52:17,120 Speaker 1: people like to think that all of Germany was just 947 00:52:17,239 --> 00:52:21,880 Speaker 1: out there, you know, gung ho about about Nazi Germany. 948 00:52:22,040 --> 00:52:26,120 Speaker 1: Not true, not true. It was just a vocal minority 949 00:52:26,520 --> 00:52:30,520 Speaker 1: that was able to take over the entire thing. And uh. 950 00:52:30,600 --> 00:52:32,200 Speaker 1: And then what they did is they had to create 951 00:52:32,200 --> 00:52:36,600 Speaker 1: a boogeyman, which we we know who the boogeyman was 952 00:52:36,640 --> 00:52:40,280 Speaker 1: in Germany. Now, what's what's so you see this playing 953 00:52:40,280 --> 00:52:42,879 Speaker 1: out with the emotion. You see this playing out with 954 00:52:42,920 --> 00:52:46,839 Speaker 1: the this propaganda, this constantly. But you can't even watch 955 00:52:46,880 --> 00:52:50,239 Speaker 1: a basketball game anymore. You can't watch the more, you 956 00:52:50,280 --> 00:52:52,879 Speaker 1: can't watch anything without this being jammed on your throw. 957 00:52:53,080 --> 00:52:55,360 Speaker 1: So they're doing the same thing. But now the question 958 00:52:55,400 --> 00:52:58,600 Speaker 1: becomes who is their boogeyman going to be? And when 959 00:52:58,640 --> 00:53:01,080 Speaker 1: I say they, a lot of people kind of use 960 00:53:01,120 --> 00:53:04,160 Speaker 1: that as an abstract term, but they means the central 961 00:53:04,160 --> 00:53:08,640 Speaker 1: planners that the the World Economic Forum, the you know, 962 00:53:08,680 --> 00:53:12,200 Speaker 1: the global elite, the I m F, the politicians and 963 00:53:12,360 --> 00:53:17,680 Speaker 1: the corporate c e o s that have drank this 964 00:53:17,680 --> 00:53:20,879 Speaker 1: this kool aid. They're the ones that are are really 965 00:53:20,920 --> 00:53:26,360 Speaker 1: pushing this narrative and trying to create this um again propaganda. 966 00:53:26,719 --> 00:53:28,839 Speaker 1: And who their boogeyman is going to be? I don't know. 967 00:53:29,000 --> 00:53:31,640 Speaker 1: But as long as you know what's the power, I 968 00:53:31,640 --> 00:53:33,440 Speaker 1: think we I think we see who that boogeyman is, 969 00:53:33,480 --> 00:53:36,920 Speaker 1: but we won't say that right now. Yeah, the powerful 970 00:53:36,960 --> 00:53:39,440 Speaker 1: thing here is that people realize that this is just 971 00:53:39,560 --> 00:53:42,680 Speaker 1: a story in history and this is uh, We've seen 972 00:53:42,760 --> 00:53:45,279 Speaker 1: this play before and we know how it ends, but 973 00:53:45,400 --> 00:53:47,680 Speaker 1: doesn't have to end that way. One of the great 974 00:53:47,719 --> 00:53:49,920 Speaker 1: things of the road to serve them, which you know 975 00:53:50,400 --> 00:53:53,960 Speaker 1: is that Hiak wrote this for one reason because he 976 00:53:54,320 --> 00:53:59,520 Speaker 1: felt as though after the World War two that countries 977 00:53:59,800 --> 00:54:04,720 Speaker 1: would be incentivized or motivated to use more central planning 978 00:54:04,880 --> 00:54:08,360 Speaker 1: because the rationale would be, Okay, well, it works great 979 00:54:08,480 --> 00:54:13,200 Speaker 1: in war, so why wouldn't it work great in the economy. 980 00:54:13,280 --> 00:54:16,400 Speaker 1: So he wanted to make sure there was a counter 981 00:54:16,600 --> 00:54:19,960 Speaker 1: narrative there, so he wrote that road to serface. But 982 00:54:20,000 --> 00:54:23,120 Speaker 1: then if you look at the path that Russia went 983 00:54:23,200 --> 00:54:26,279 Speaker 1: down as an example, the path of Britain and the 984 00:54:26,320 --> 00:54:29,560 Speaker 1: path of the United States, they were all completely different paths. 985 00:54:29,880 --> 00:54:34,279 Speaker 1: Although at the end of the war all uh three countries, 986 00:54:34,880 --> 00:54:41,160 Speaker 1: the mainstream narrative in society really truly believed that socialism 987 00:54:41,520 --> 00:54:45,799 Speaker 1: was the path to economic prosperity. So obviously you had 988 00:54:45,840 --> 00:54:48,839 Speaker 1: Russia go one extreme way, in the United States kind 989 00:54:48,840 --> 00:54:51,760 Speaker 1: of a little bit went that way but not too bad, 990 00:54:52,040 --> 00:54:54,840 Speaker 1: and then the UK was kind of right down the middle. 991 00:54:55,200 --> 00:54:59,360 Speaker 1: So my point is, if we can understand history, we 992 00:54:59,400 --> 00:55:02,600 Speaker 1: can understand and better what's happening today, and we can 993 00:55:02,680 --> 00:55:07,479 Speaker 1: better educate our fellow citizens and make decisions that will 994 00:55:07,480 --> 00:55:12,480 Speaker 1: prevent us from going down that path and staying on 995 00:55:12,520 --> 00:55:15,839 Speaker 1: the road to serve them. Yeah, great points. I try 996 00:55:15,920 --> 00:55:18,600 Speaker 1: to almost every video I do, I try to pull 997 00:55:18,600 --> 00:55:21,000 Speaker 1: in a historical narrative to kind of give that give 998 00:55:21,040 --> 00:55:25,160 Speaker 1: that perspective on that. And um, I also think that's 999 00:55:25,160 --> 00:55:28,160 Speaker 1: one reason why, um, whatever you want to call it, 1000 00:55:28,200 --> 00:55:32,040 Speaker 1: the progressives, the left, whatever, are trying to destroy history. One, 1001 00:55:32,440 --> 00:55:36,040 Speaker 1: so we don't know it. But uh two two things. One, 1002 00:55:36,400 --> 00:55:38,600 Speaker 1: they don't want us to know how many times it's 1003 00:55:38,600 --> 00:55:43,080 Speaker 1: been tried and failed. Right. Um Too, they don't want 1004 00:55:43,160 --> 00:55:45,920 Speaker 1: us to remember how good things were in the past. Right, 1005 00:55:45,920 --> 00:55:49,239 Speaker 1: so they want to repaint America as being evil. It 1006 00:55:49,360 --> 00:55:52,200 Speaker 1: was founded on on evil and the slavery or whatever. Um. 1007 00:55:52,239 --> 00:55:54,960 Speaker 1: So we don't yearn or dream of going back to 1008 00:55:55,000 --> 00:55:58,080 Speaker 1: the way things were. We have to dream of going forward. 1009 00:55:58,320 --> 00:56:00,200 Speaker 1: So two things. And so I would I would incurge 1010 00:56:00,200 --> 00:56:03,160 Speaker 1: everyone to go back and study history road to serve them. 1011 00:56:03,160 --> 00:56:04,600 Speaker 1: As you said, I mean, that's that's a that's a 1012 00:56:04,680 --> 00:56:08,720 Speaker 1: must read for sure. Um. Also, you talked about them 1013 00:56:08,800 --> 00:56:14,000 Speaker 1: transferring from rational to feelings too, emotions, and I think 1014 00:56:14,040 --> 00:56:19,239 Speaker 1: that's postmodernism maybe. Um. Jordan Peterson talks a lot about that. Um. 1015 00:56:19,280 --> 00:56:21,560 Speaker 1: I would encourage people just to go and search out 1016 00:56:21,600 --> 00:56:26,080 Speaker 1: postmodernism Jordan Peterson and learn more about that is really cool. UM. 1017 00:56:26,200 --> 00:56:27,440 Speaker 1: And then I want to I want to I want 1018 00:56:27,440 --> 00:56:30,240 Speaker 1: to transition into something else. Now you just mentioned something 1019 00:56:30,280 --> 00:56:33,960 Speaker 1: about UM. In Nazi Germany, it was only a small minority, 1020 00:56:34,040 --> 00:56:37,280 Speaker 1: vocal minority that really changed things. And there's been studies 1021 00:56:37,280 --> 00:56:38,440 Speaker 1: that have been done and I don't know the numbers 1022 00:56:38,440 --> 00:56:40,520 Speaker 1: off top of my head, but it only takes a 1023 00:56:40,640 --> 00:56:45,000 Speaker 1: very small minority to actually make change a revolution in 1024 00:56:45,000 --> 00:56:47,520 Speaker 1: a country, or even just to say that we don't 1025 00:56:47,520 --> 00:56:50,080 Speaker 1: want hormones in our milk. I mean just a few people, 1026 00:56:50,239 --> 00:56:52,160 Speaker 1: a few percentage points of people say don't want hormones 1027 00:56:52,160 --> 00:56:54,520 Speaker 1: and milk. And now all the milk the market had responded, 1028 00:56:54,640 --> 00:56:57,839 Speaker 1: or or kosh or food or whatever it may be. UM, 1029 00:56:57,920 --> 00:57:00,239 Speaker 1: and so UM, I want to take that piece. I 1030 00:57:00,239 --> 00:57:02,000 Speaker 1: don't want to transition into into one more thing because 1031 00:57:02,000 --> 00:57:03,520 Speaker 1: you've got a big thing going on and we don't 1032 00:57:03,520 --> 00:57:04,680 Speaker 1: have a lot of time and probably left to talk 1033 00:57:04,680 --> 00:57:07,640 Speaker 1: about it. But um, it only takes a small minority 1034 00:57:07,719 --> 00:57:10,600 Speaker 1: to make a change, and so UM it doesn't take 1035 00:57:10,600 --> 00:57:13,760 Speaker 1: a lot um. I think it's fifteen or eighteen percent 1036 00:57:13,880 --> 00:57:15,680 Speaker 1: something like that is what the rule was and then 1037 00:57:16,080 --> 00:57:18,240 Speaker 1: UM in the Road to Servedom, I think it was 1038 00:57:18,320 --> 00:57:20,280 Speaker 1: chapter six, because I've gone back and gone through a 1039 00:57:20,280 --> 00:57:23,000 Speaker 1: few times. He talks about rules, the rule of law, 1040 00:57:23,360 --> 00:57:26,680 Speaker 1: and how rules and law have to be arbitrary. They 1041 00:57:26,680 --> 00:57:29,800 Speaker 1: have to be set in advance, so UM, it's not 1042 00:57:29,960 --> 00:57:31,520 Speaker 1: up to who goes through it. It's kind of like 1043 00:57:31,680 --> 00:57:34,720 Speaker 1: a basketball game, right, or or a game of poker. Um. 1044 00:57:34,760 --> 00:57:38,120 Speaker 1: Regardless of the hand I draw, the rules are there, um. 1045 00:57:38,160 --> 00:57:41,360 Speaker 1: And when rules are made arbitrarily, they change them at 1046 00:57:41,400 --> 00:57:43,520 Speaker 1: their whim or for different people than It creates all 1047 00:57:43,600 --> 00:57:45,960 Speaker 1: kinds of problems. He goes deep into that, Um, but 1048 00:57:46,440 --> 00:57:49,080 Speaker 1: um the small minority and that that there's a segue 1049 00:57:49,120 --> 00:57:52,360 Speaker 1: there and tie all this together, which UM, a lot 1050 00:57:52,400 --> 00:57:54,640 Speaker 1: of this maybe, as you said, it's not fractional reserve banking, 1051 00:57:54,680 --> 00:57:57,080 Speaker 1: it's not even the fiat money system, but it's really 1052 00:57:57,120 --> 00:58:00,320 Speaker 1: the federal reserve. And a lot of what the federal 1053 00:58:00,320 --> 00:58:04,320 Speaker 1: reserve is creating all these problems from um, well, it 1054 00:58:04,360 --> 00:58:06,200 Speaker 1: starts with the money, but it creates all these social 1055 00:58:06,200 --> 00:58:08,800 Speaker 1: problems and societal problem every everything I think stems from that, 1056 00:58:08,840 --> 00:58:11,880 Speaker 1: even the response we've had to this pandemic. Um. And 1057 00:58:11,920 --> 00:58:14,880 Speaker 1: so if we can go back and change that. Now. Again, 1058 00:58:14,920 --> 00:58:18,480 Speaker 1: to your point, it takes a very small minority, um 1059 00:58:18,840 --> 00:58:22,200 Speaker 1: to do that. And um, a lot of people they 1060 00:58:22,280 --> 00:58:24,400 Speaker 1: focus on the problem so much. In you and I 1061 00:58:24,680 --> 00:58:27,000 Speaker 1: and our videos. We we do talk about the problems 1062 00:58:27,040 --> 00:58:30,040 Speaker 1: because we're trying to alert that, but people don't always 1063 00:58:30,040 --> 00:58:33,440 Speaker 1: have good action of what they can do, right and uh, 1064 00:58:33,480 --> 00:58:36,320 Speaker 1: and you're doing something. You're doing something about that. UM, 1065 00:58:36,360 --> 00:58:38,520 Speaker 1: So maybe let's just talk about that. Maybe there's something 1066 00:58:38,520 --> 00:58:40,560 Speaker 1: that at least people can cheer for, right. We all 1067 00:58:40,560 --> 00:58:43,360 Speaker 1: want that hope, that optimism and a small minority, So 1068 00:58:43,360 --> 00:58:45,560 Speaker 1: while you talk about what you're actually doing to maybe 1069 00:58:45,600 --> 00:58:48,560 Speaker 1: try and fix that. Yeah, we're taking legal action against 1070 00:58:48,640 --> 00:58:52,040 Speaker 1: the FED. And it goes right back to what you're saying. 1071 00:58:52,080 --> 00:58:55,760 Speaker 1: We have become a nation of men and not of 1072 00:58:55,880 --> 00:58:58,640 Speaker 1: law and it and it and it's got to be 1073 00:58:58,680 --> 00:59:01,560 Speaker 1: the ops that we need to the focus has to 1074 00:59:01,640 --> 00:59:04,720 Speaker 1: be on the law and the men abiding by the law. 1075 00:59:05,400 --> 00:59:08,240 Speaker 1: The sports analogy, it was just absolutely perfect. You know, 1076 00:59:08,360 --> 00:59:10,800 Speaker 1: if you've got a baseball game, you've got the same 1077 00:59:11,040 --> 00:59:14,040 Speaker 1: rules over and over and over again, and no matter 1078 00:59:14,080 --> 00:59:17,120 Speaker 1: how much someone would want to change the rules, you 1079 00:59:17,160 --> 00:59:20,320 Speaker 1: don't do them. It's still three strikes and you're out. Well, 1080 00:59:20,440 --> 00:59:23,400 Speaker 1: what we've been doing is we've been ignoring those rules. 1081 00:59:23,440 --> 00:59:26,919 Speaker 1: Those rules are the Constitution and the Federal Reserve Act, 1082 00:59:26,960 --> 00:59:30,320 Speaker 1: and we've just been you know, whatever politician, whatever they 1083 00:59:30,360 --> 00:59:32,160 Speaker 1: feel like doing when they wake up in the morning, 1084 00:59:32,160 --> 00:59:34,080 Speaker 1: Well that's what we're doing. Whatever they feel is going 1085 00:59:34,120 --> 00:59:37,600 Speaker 1: to buy them or get them the most votes. Then 1086 00:59:37,720 --> 00:59:41,200 Speaker 1: that all of a sudden becomes instant policy. And that's 1087 00:59:41,240 --> 00:59:44,240 Speaker 1: how you get to a dictatorship. Right, that's how we 1088 00:59:44,320 --> 00:59:46,840 Speaker 1: get to the road of servedom. That's how we get 1089 00:59:46,840 --> 00:59:50,160 Speaker 1: a Stalin, that's how we get a Mussolini. That that's 1090 00:59:50,200 --> 00:59:55,640 Speaker 1: how this these things happen. So my point is I 1091 00:59:55,680 --> 00:59:59,040 Speaker 1: wanted to push back on this and say, listen, no, 1092 00:59:59,280 --> 01:00:03,439 Speaker 1: we we've got at least stand up for what's right, 1093 01:00:03,800 --> 01:00:06,120 Speaker 1: and we've got to stand up for the law to 1094 01:00:06,280 --> 01:00:11,920 Speaker 1: make sure that it's constraining the people who are in power, 1095 01:00:12,320 --> 01:00:14,200 Speaker 1: because at the end of the day, that's the only 1096 01:00:14,320 --> 01:00:18,400 Speaker 1: thing that's protecting us from them, right, It's it's the law, 1097 01:00:18,560 --> 01:00:21,680 Speaker 1: it's the Constitution, and in this case, it's the Federal 1098 01:00:21,720 --> 01:00:25,720 Speaker 1: Reserve Act. So, but the Constitution is only as only 1099 01:00:25,800 --> 01:00:29,800 Speaker 1: good if someone actually uses it to restrain them. Right there, 1100 01:00:29,840 --> 01:00:31,600 Speaker 1: They're gonna run away as much as they can, so 1101 01:00:31,760 --> 01:00:34,400 Speaker 1: we some we the people have to use that Constitution 1102 01:00:34,440 --> 01:00:37,400 Speaker 1: to somehow restrain them, I guess yeah. And and that's 1103 01:00:37,800 --> 01:00:39,440 Speaker 1: not to go off on a tangent, but whenever you 1104 01:00:39,480 --> 01:00:42,640 Speaker 1: hear someone talk about the Constitution being a living and 1105 01:00:42,760 --> 01:00:46,880 Speaker 1: breathing document, that is just utter nonsense. That's just that's 1106 01:00:46,960 --> 01:00:49,640 Speaker 1: just complete nonsense. And that just means they want to 1107 01:00:49,920 --> 01:00:52,880 Speaker 1: ignore it so they can do whatever they think is right, 1108 01:00:52,960 --> 01:00:57,760 Speaker 1: which is the road to hell that's paved with good intentions. 1109 01:00:57,800 --> 01:01:02,040 Speaker 1: But going back to the FED, when in you know, 1110 01:01:02,120 --> 01:01:04,680 Speaker 1: I'd always been critical of the Fed as you are, 1111 01:01:05,040 --> 01:01:08,640 Speaker 1: but what they did in March in April was so 1112 01:01:09,120 --> 01:01:14,240 Speaker 1: blatantly a violation of the law of the Fed Reserve. 1113 01:01:14,640 --> 01:01:19,320 Speaker 1: They cannot buy corporate debt, they can't buy junk debt. 1114 01:01:19,960 --> 01:01:22,440 Speaker 1: And people say, well, they said of a special purpose vehicle. 1115 01:01:23,240 --> 01:01:26,720 Speaker 1: Come on, come on, that's like me hiring some me 1116 01:01:26,840 --> 01:01:34,120 Speaker 1: hiring a hit man, right, yeah, exactly exactly, And it 1117 01:01:34,280 --> 01:01:37,040 Speaker 1: really pissed me off. And I'm like, wait a minute, 1118 01:01:37,080 --> 01:01:39,520 Speaker 1: this is we're ignoring the law, and this is what 1119 01:01:39,680 --> 01:01:43,400 Speaker 1: protects us from them. But nobody mentioned it I mean, 1120 01:01:43,440 --> 01:01:45,640 Speaker 1: you and I were talking about it, but I mean nobody. 1121 01:01:45,640 --> 01:01:48,120 Speaker 1: I'm talking about the mainstream media. You would think that 1122 01:01:48,240 --> 01:01:53,320 Speaker 1: CNBC would be shouting it from the rooftops, saying, hey, 1123 01:01:53,360 --> 01:01:56,160 Speaker 1: wait a minute, we'll time out here. You can't buy 1124 01:01:56,200 --> 01:01:59,120 Speaker 1: corporate debt. That's completely against the futter. But they didn't 1125 01:01:59,160 --> 01:02:02,960 Speaker 1: utter a word. Bloomberg, same thing. And I'm like, have 1126 01:02:03,120 --> 01:02:06,760 Speaker 1: we gotten to the point where as a society, if 1127 01:02:06,800 --> 01:02:10,520 Speaker 1: we just think something is good, then we're just gonna 1128 01:02:10,680 --> 01:02:14,520 Speaker 1: turn our back on the law and ignore it and say, well, 1129 01:02:14,560 --> 01:02:19,480 Speaker 1: we'll give a past this time. That's a slippery slope. 1130 01:02:19,840 --> 01:02:23,040 Speaker 1: So I was having dinner a few months ago with 1131 01:02:23,080 --> 01:02:27,640 Speaker 1: my good friend Robert Barnes, who was a high profile lawyer, 1132 01:02:27,800 --> 01:02:33,160 Speaker 1: constitutional free speech lawyer. He represented some of the not all, 1133 01:02:33,200 --> 01:02:36,960 Speaker 1: but some of the Covington kids. He represented Alex Jones 1134 01:02:37,040 --> 01:02:41,440 Speaker 1: when Jones uh sued Twitter, and he's represented Wesley Snipes 1135 01:02:41,680 --> 01:02:43,360 Speaker 1: and the you know, the tax thing and whatnot, so 1136 01:02:43,360 --> 01:02:45,800 Speaker 1: a lot of these high pro cop file cases. And 1137 01:02:45,840 --> 01:02:49,760 Speaker 1: he's a real, real smart guy and he really does 1138 01:02:49,840 --> 01:02:53,600 Speaker 1: know history well, great lawyer. So I I just had 1139 01:02:53,640 --> 01:02:56,560 Speaker 1: this crazy idea. I said, Robert, is there any way 1140 01:02:56,600 --> 01:03:01,960 Speaker 1: that we could push back against the d if we could, uh, 1141 01:03:02,280 --> 01:03:05,040 Speaker 1: you know, not sue the FED, but if we could, 1142 01:03:05,240 --> 01:03:07,360 Speaker 1: you know, just get them to abide by the law. 1143 01:03:07,400 --> 01:03:10,200 Speaker 1: He says, well, there is something called the FOY, which 1144 01:03:10,200 --> 01:03:13,560 Speaker 1: is the Freedom of Information Act, and it's been used 1145 01:03:13,760 --> 01:03:18,320 Speaker 1: successfully against the FED before some Most people are very 1146 01:03:18,360 --> 01:03:21,320 Speaker 1: positive about this campaign, but a few people push back said, oh, 1147 01:03:21,320 --> 01:03:23,560 Speaker 1: you're just wasting your time because the FED is got 1148 01:03:23,560 --> 01:03:28,120 Speaker 1: immunity or whatever. No, not true. There's been Bloomberg In fact, 1149 01:03:28,240 --> 01:03:31,920 Speaker 1: in two thousand nine ten, there's some Bloomberg reporters that 1150 01:03:32,040 --> 01:03:36,440 Speaker 1: actually use the Freedom of Information Act to uh, to 1151 01:03:36,560 --> 01:03:40,040 Speaker 1: use the law to their advantage to force the FED 1152 01:03:40,360 --> 01:03:43,920 Speaker 1: to disclose certain documents documents. So he said, you can 1153 01:03:43,960 --> 01:03:46,960 Speaker 1: do this. I said, great, let's let's let's figure out 1154 01:03:46,960 --> 01:03:49,560 Speaker 1: how to make this thing happen here. So the stage 1155 01:03:49,640 --> 01:03:55,520 Speaker 1: one is you request documents from the FED and basically 1156 01:03:55,520 --> 01:03:57,600 Speaker 1: they tell you to pound Sam. Now they give you 1157 01:03:57,640 --> 01:04:00,360 Speaker 1: the information, and then great, then then we don't need 1158 01:04:00,400 --> 01:04:04,120 Speaker 1: to take legal action. But they most likely won't. So 1159 01:04:04,120 --> 01:04:07,000 Speaker 1: assuming they don't give you all the documents you request, 1160 01:04:07,520 --> 01:04:10,840 Speaker 1: then you go after them or sue them, whatever you want, 1161 01:04:10,880 --> 01:04:13,240 Speaker 1: whatever word you want to use. Using the Freedom of 1162 01:04:13,280 --> 01:04:17,920 Speaker 1: Information Acts. So that Stage one. So that costs about 1163 01:04:17,960 --> 01:04:21,040 Speaker 1: a hundred thousand dollars in legal fees. It takes about 1164 01:04:21,040 --> 01:04:23,880 Speaker 1: a year to do this, and so I said, Robert, 1165 01:04:23,880 --> 01:04:25,800 Speaker 1: I'll put up the first twenty five thousand out of 1166 01:04:25,800 --> 01:04:27,760 Speaker 1: my pocket and then let's just set up a Go 1167 01:04:27,920 --> 01:04:29,880 Speaker 1: fund of meat campaign because I know a lot of 1168 01:04:29,880 --> 01:04:31,920 Speaker 1: people would want to be a part of this movement. 1169 01:04:32,600 --> 01:04:35,120 Speaker 1: And I with the go fund Me campaign, I said, 1170 01:04:35,160 --> 01:04:37,640 Speaker 1: for every dollar that people put in above and beyond 1171 01:04:37,680 --> 01:04:39,560 Speaker 1: the first twenty five that I put it in a pocket, 1172 01:04:39,720 --> 01:04:41,760 Speaker 1: I'll match it dollar to dollars. So when we get 1173 01:04:41,800 --> 01:04:45,160 Speaker 1: to our hundred thousand dollar goal, I'll put in sixty 1174 01:04:45,200 --> 01:04:48,280 Speaker 1: two five and everyone else the community will put in 1175 01:04:48,640 --> 01:04:51,080 Speaker 1: thirty seven five. And that's what we use for this 1176 01:04:51,280 --> 01:04:54,439 Speaker 1: Stage one. And we reached our go fund Me goal 1177 01:04:54,720 --> 01:04:58,880 Speaker 1: within an under thirty six hours, and it was you know, 1178 01:04:58,960 --> 01:05:02,880 Speaker 1: people were really on word, and uh, I'm I'm excited 1179 01:05:02,920 --> 01:05:05,520 Speaker 1: to move forward. It's uh, a lot of people have 1180 01:05:05,560 --> 01:05:10,320 Speaker 1: been warning me that, oh, I'm I'm you're gonna end 1181 01:05:10,400 --> 01:05:13,760 Speaker 1: up like JFK. Yeah. I didn't want to say it, 1182 01:05:13,800 --> 01:05:17,480 Speaker 1: but yeah, yeah, they've been doing. Hey listen, I don't 1183 01:05:17,520 --> 01:05:20,000 Speaker 1: know if you said this when we were recording or before, 1184 01:05:20,080 --> 01:05:24,200 Speaker 1: but someone has got to stand up for what is right, 1185 01:05:24,400 --> 01:05:27,640 Speaker 1: and someone's got to stand up for the law that 1186 01:05:27,840 --> 01:05:31,040 Speaker 1: protects us from them. Someone's got to stand up for 1187 01:05:31,080 --> 01:05:34,440 Speaker 1: the Constitution, someone's got to stand up for the Federal 1188 01:05:34,480 --> 01:05:39,040 Speaker 1: Reserve Act. And at the very least, uh, you know, 1189 01:05:39,080 --> 01:05:42,640 Speaker 1: to get at the very least, if people if this 1190 01:05:42,720 --> 01:05:46,400 Speaker 1: creates awareness that people that didn't know about the FED, 1191 01:05:46,480 --> 01:05:49,560 Speaker 1: didn't know about inflation, or didn't understand any of the 1192 01:05:49,600 --> 01:05:52,080 Speaker 1: things that we've talked about in this video, if they 1193 01:05:52,120 --> 01:05:53,960 Speaker 1: just kind of wake up to that, like, oh, well, 1194 01:05:54,040 --> 01:05:56,000 Speaker 1: wait a minute, what what is this? What is this 1195 01:05:56,160 --> 01:05:58,840 Speaker 1: FED thing? What is this George guy? That's crazy guy? 1196 01:05:58,880 --> 01:06:02,160 Speaker 1: What's this? What's going on here? Maybe that puts them 1197 01:06:02,240 --> 01:06:07,040 Speaker 1: on the path to economic enlightenment. Let's say maybe that 1198 01:06:07,200 --> 01:06:10,120 Speaker 1: from that they read the road to serve them. Maybe 1199 01:06:10,120 --> 01:06:14,240 Speaker 1: from that they start they get interested in gold or 1200 01:06:14,320 --> 01:06:18,600 Speaker 1: bitcoin or some sort of real money that doesn't have 1201 01:06:18,720 --> 01:06:22,880 Speaker 1: this this counter party risk involved. Its something that's deflationary, right, 1202 01:06:23,000 --> 01:06:25,240 Speaker 1: maybe they start to do And that was one of 1203 01:06:25,240 --> 01:06:29,080 Speaker 1: the main drivers, in addition to just putting our foot 1204 01:06:29,200 --> 01:06:33,760 Speaker 1: down U that led to this campaign that um, we're 1205 01:06:33,760 --> 01:06:36,000 Speaker 1: in the middle of now. Well, it definitely worked with 1206 01:06:36,120 --> 01:06:37,760 Speaker 1: Ron Paul. I mean Ron Paul started that in the 1207 01:06:37,760 --> 01:06:40,200 Speaker 1: FED campaign and wearing the shirt and the FED and um, 1208 01:06:40,240 --> 01:06:42,920 Speaker 1: it brought a lot of attention. I mean it brought 1209 01:06:42,920 --> 01:06:44,600 Speaker 1: me in. You know, I'm sure it probably brought you. 1210 01:06:45,000 --> 01:06:46,920 Speaker 1: It brought a lot of attention, brought a lot of people. 1211 01:06:47,280 --> 01:06:49,360 Speaker 1: I always like the reference a quote from Henry Ford 1212 01:06:49,400 --> 01:06:51,680 Speaker 1: a hundred years ago and he said, I'll paraphrase it, 1213 01:06:51,720 --> 01:06:53,600 Speaker 1: but he said, if the if the people knew how 1214 01:06:53,600 --> 01:06:56,520 Speaker 1: the banking system worked, there would be a revolution before morning. 1215 01:06:56,960 --> 01:07:00,080 Speaker 1: That's right. And so it's just about letting people know 1216 01:07:00,200 --> 01:07:02,480 Speaker 1: how this works. And so yeah, I guess even if 1217 01:07:02,480 --> 01:07:04,640 Speaker 1: you fail, you win hopefully by getting them the media 1218 01:07:04,680 --> 01:07:07,479 Speaker 1: attention that you need. And and to to your point, 1219 01:07:07,520 --> 01:07:10,439 Speaker 1: we did talk about off offline. I mean it's time 1220 01:07:10,480 --> 01:07:13,120 Speaker 1: for somebody to stand up. The conscertion Constitution is only 1221 01:07:13,120 --> 01:07:15,920 Speaker 1: good if someone uses it to restrain these people. And 1222 01:07:15,920 --> 01:07:18,000 Speaker 1: and uh, you're you're putting your money where your mouth 1223 01:07:18,080 --> 01:07:20,640 Speaker 1: is literally, um, and so so I love to see it. 1224 01:07:20,720 --> 01:07:22,840 Speaker 1: So about a year, I guess, is the time frame 1225 01:07:22,920 --> 01:07:25,680 Speaker 1: that you're looking at to see anything real big happen, 1226 01:07:26,280 --> 01:07:30,040 Speaker 1: yeah right now. In fact, I just spoke with Robert yesterday. 1227 01:07:30,360 --> 01:07:33,720 Speaker 1: He said, anything that you want as far as documents, 1228 01:07:33,720 --> 01:07:37,000 Speaker 1: go ahead and email them to me, because I'm getting 1229 01:07:37,000 --> 01:07:40,520 Speaker 1: a list of of what I'm going to initially request 1230 01:07:41,160 --> 01:07:44,280 Speaker 1: from the FED. So what's kind of cool is I'm 1231 01:07:44,280 --> 01:07:47,840 Speaker 1: actually gonna email everyone that through go fund me, you 1232 01:07:47,880 --> 01:07:51,280 Speaker 1: can do like bulk emails, to email everyone that contributed 1233 01:07:51,360 --> 01:07:55,200 Speaker 1: the campaign and ask them what they would like to 1234 01:07:55,280 --> 01:07:58,280 Speaker 1: request as far as documents from the FEDS. Well kind 1235 01:07:58,280 --> 01:08:01,480 Speaker 1: of crowdsource that as well. And then I'm reaching out 1236 01:08:01,520 --> 01:08:04,000 Speaker 1: to some of our good friends to ask them if 1237 01:08:04,000 --> 01:08:06,520 Speaker 1: there was anything they'd like to to throw into the mix. 1238 01:08:06,600 --> 01:08:09,000 Speaker 1: I've reached i won't name any names, but a lot 1239 01:08:09,040 --> 01:08:14,680 Speaker 1: of the macro big shots on on finn Twitch where 1240 01:08:14,880 --> 01:08:18,599 Speaker 1: everyone would recognize their names, and guys and gals that 1241 01:08:18,680 --> 01:08:22,240 Speaker 1: are the smartest people in this business. I've reached out 1242 01:08:22,280 --> 01:08:24,160 Speaker 1: to them and we'll be reaching out to them more 1243 01:08:24,479 --> 01:08:26,439 Speaker 1: and say, hey, if there's anything that you'd like us 1244 01:08:26,479 --> 01:08:28,760 Speaker 1: to request, just let me know. Yeah, there's a few 1245 01:08:28,840 --> 01:08:33,519 Speaker 1: vocal um uh former FED insiders, so definitely reach out 1246 01:08:33,520 --> 01:08:35,519 Speaker 1: to those people. They probably know where the bodies are buried. 1247 01:08:36,000 --> 01:08:38,600 Speaker 1: I will know it's you know, said a lot of it. 1248 01:08:38,640 --> 01:08:40,479 Speaker 1: A lot of it was stuff, right, So a lot 1249 01:08:40,520 --> 01:08:42,840 Speaker 1: of it's a lot of its newer stuff. That's that's 1250 01:08:42,840 --> 01:08:44,720 Speaker 1: really cool. So where do people go to keep up 1251 01:08:44,720 --> 01:08:48,400 Speaker 1: on this? Do you have a website set up? Um, 1252 01:08:48,439 --> 01:08:52,400 Speaker 1: it's I think it's George Gammon dot com, Forward Slash 1253 01:08:52,680 --> 01:08:56,400 Speaker 1: and the FED I believe that's that's We've just got 1254 01:08:56,439 --> 01:08:58,880 Speaker 1: it under my U r L. But we we hit 1255 01:08:58,920 --> 01:09:01,360 Speaker 1: our goal so quickly, people want to keep up with it, 1256 01:09:01,479 --> 01:09:03,600 Speaker 1: right and pay attention. Yeah, Well, what we're gonna do 1257 01:09:03,640 --> 01:09:06,280 Speaker 1: for that mark is I'm just gonna interview Robert like 1258 01:09:06,360 --> 01:09:09,479 Speaker 1: once every six months on my channel so he can 1259 01:09:09,479 --> 01:09:12,200 Speaker 1: give us an update as to what he's doing legally 1260 01:09:12,560 --> 01:09:15,640 Speaker 1: and how that's uh, you know, the exact things that 1261 01:09:15,720 --> 01:09:18,320 Speaker 1: he's doing, and how the game plan is being executed 1262 01:09:18,479 --> 01:09:21,320 Speaker 1: and kind of where we are along the timeline. And 1263 01:09:21,360 --> 01:09:23,360 Speaker 1: now that segues into the next thing that we're going 1264 01:09:23,400 --> 01:09:26,240 Speaker 1: to talk about, and that's, uh, the live show that 1265 01:09:26,240 --> 01:09:30,040 Speaker 1: we're doing. And this isn't live like over zoom or Skype. 1266 01:09:30,120 --> 01:09:36,040 Speaker 1: This is actually real people face to face enjoying each 1267 01:09:36,040 --> 01:09:41,599 Speaker 1: other's company. Imagine that. Yeah, it's it's a live event 1268 01:09:41,640 --> 01:09:46,200 Speaker 1: I'm doing called Rebel Capitalist Live, and it's a conference, 1269 01:09:46,200 --> 01:09:50,280 Speaker 1: a weekend conference where I've got people like you're gonna 1270 01:09:50,280 --> 01:09:56,000 Speaker 1: be a yeah zang. We're gonna have uh Jeff Snyder. 1271 01:09:56,560 --> 01:10:01,360 Speaker 1: We've got Brent Johnson, several people like that. I've got 1272 01:10:01,360 --> 01:10:03,760 Speaker 1: a few more people that have committed to it that 1273 01:10:03,960 --> 01:10:07,040 Speaker 1: everyone would recognize, but I don't want to say their 1274 01:10:07,120 --> 01:10:09,519 Speaker 1: names yet. One is a very good friend of ours 1275 01:10:09,640 --> 01:10:14,840 Speaker 1: who uh we visited in Phoenix. That's all I'll say. 1276 01:10:15,360 --> 01:10:19,320 Speaker 1: That's good. People are really gonna love the lineup we 1277 01:10:19,400 --> 01:10:22,240 Speaker 1: have and you can go to Rebel Capitalist uh live 1278 01:10:22,360 --> 01:10:24,920 Speaker 1: dot com to check that out that June eleven through 1279 01:10:26,080 --> 01:10:29,640 Speaker 1: in Miami. So really looking forward to that. But my 1280 01:10:29,720 --> 01:10:32,360 Speaker 1: point was Barnes is going to be there as well, 1281 01:10:32,920 --> 01:10:35,760 Speaker 1: and he's gonna speak for an hour and the whole 1282 01:10:35,800 --> 01:10:40,000 Speaker 1: topic is gonna be this for uh legal action that 1283 01:10:40,040 --> 01:10:43,240 Speaker 1: we're taking against the Fed. Yeah nice. I'll make sure 1284 01:10:43,320 --> 01:10:46,080 Speaker 1: to put the links of both the Rebel Capitalists Live 1285 01:10:46,160 --> 01:10:48,200 Speaker 1: and UM just for the in the Fed stuff in 1286 01:10:48,240 --> 01:10:51,120 Speaker 1: the show notes here, so anybody's listening or watching you 1287 01:10:51,120 --> 01:10:53,439 Speaker 1: can make sure to get those links. But that that's 1288 01:10:53,439 --> 01:10:56,759 Speaker 1: so cool. George, I think, uh, like in my experience, 1289 01:10:56,760 --> 01:10:58,760 Speaker 1: and I'm sure the same. I mean, like I said, 1290 01:10:58,760 --> 01:11:00,439 Speaker 1: we spend so much time talking about the problems, and 1291 01:11:00,479 --> 01:11:02,600 Speaker 1: I see the comments, five thousand comments a week, and 1292 01:11:02,640 --> 01:11:04,400 Speaker 1: everyone's just like, what do we do? What do we do? 1293 01:11:04,760 --> 01:11:08,960 Speaker 1: And so giving somebody something actual, tangible, UM is super 1294 01:11:09,080 --> 01:11:12,240 Speaker 1: super important. And putting together the rebel capitist live is 1295 01:11:12,280 --> 01:11:16,600 Speaker 1: also really important because we want to you know, we 1296 01:11:16,640 --> 01:11:18,320 Speaker 1: want to we want to understand the problems. We don't 1297 01:11:18,320 --> 01:11:20,320 Speaker 1: want to be an Austrie with our head in the sand. Um. 1298 01:11:20,360 --> 01:11:22,240 Speaker 1: But at the same time, we want to have something 1299 01:11:22,240 --> 01:11:24,040 Speaker 1: tangible that we can do right, something we can take 1300 01:11:24,080 --> 01:11:27,920 Speaker 1: action on. Um. And so UM, I'm planning on bringing 1301 01:11:27,960 --> 01:11:30,799 Speaker 1: some heat when I'm they're talking, and hopefully you know, everybody, 1302 01:11:30,800 --> 01:11:33,519 Speaker 1: everybody that comes, we'll we'll walk away with more knowledge. 1303 01:11:33,600 --> 01:11:37,639 Speaker 1: But um, not just knowledge that uh almost Uh. Sometimes 1304 01:11:37,680 --> 01:11:40,360 Speaker 1: ignorance is bliss. I guess um. I think that only 1305 01:11:40,400 --> 01:11:43,800 Speaker 1: actionable knowledge is power, right, Um, otherwise you're head with 1306 01:11:43,840 --> 01:11:47,200 Speaker 1: a bunch of crap. It's about actionable knowledge. You're gonna 1307 01:11:47,200 --> 01:11:49,439 Speaker 1: be getting tons of that and a lot of things 1308 01:11:49,520 --> 01:11:52,160 Speaker 1: that you that people haven't heard, a lot of real estate. 1309 01:11:52,160 --> 01:11:54,400 Speaker 1: I didn't mention the real estate guys Kenny and Hartman 1310 01:11:54,439 --> 01:11:57,160 Speaker 1: are gonna be there as well, Ken McElroy and Jason Hartmann. 1311 01:11:57,479 --> 01:11:59,760 Speaker 1: But you're gonna get a lot of investment thing. I mean, 1312 01:11:59,760 --> 01:12:01,639 Speaker 1: this is to absolutely blow your mind, But I think 1313 01:12:01,680 --> 01:12:05,040 Speaker 1: what might even be more valuable than that mark it's 1314 01:12:05,080 --> 01:12:10,280 Speaker 1: just a group of like minded, liberty loving people coming 1315 01:12:10,320 --> 01:12:16,200 Speaker 1: together and enjoying each other's company, networking and learning as 1316 01:12:16,200 --> 01:12:21,280 Speaker 1: a group and really feeding off the everyone's positivity. Right. 1317 01:12:21,680 --> 01:12:24,080 Speaker 1: I know that you know, you're you're kind of in 1318 01:12:23,840 --> 01:12:25,479 Speaker 1: a in a hide out there in a bunker and 1319 01:12:25,840 --> 01:12:29,200 Speaker 1: pr and I'm in you know, my little airbnb as 1320 01:12:29,240 --> 01:12:31,559 Speaker 1: you can see, I'm I'm traveling around trying to rent 1321 01:12:31,600 --> 01:12:34,280 Speaker 1: a house here in Florida, and we're all kind of 1322 01:12:34,280 --> 01:12:36,880 Speaker 1: in our own little world. But I know, if I'm 1323 01:12:36,920 --> 01:12:39,439 Speaker 1: ever just like, man, what is going on with the 1324 01:12:39,439 --> 01:12:41,639 Speaker 1: world right now? If I can just get on an 1325 01:12:41,680 --> 01:12:46,120 Speaker 1: hour conversation with someone like you or someone like Shift 1326 01:12:46,280 --> 01:12:48,600 Speaker 1: or something like that, you at the end of the 1327 01:12:48,640 --> 01:12:52,439 Speaker 1: conversation you come away like kind of recharged, like a 1328 01:12:52,600 --> 01:12:55,840 Speaker 1: right there there's someone else there that that gets it. Man, 1329 01:12:55,920 --> 01:12:59,040 Speaker 1: That that was such an awesome conversation I just had 1330 01:12:59,080 --> 01:13:02,439 Speaker 1: with Mark, and it gives you that that energy, right, 1331 01:13:02,760 --> 01:13:06,320 Speaker 1: And I think that there's gonna be five hundred attendees there. 1332 01:13:06,600 --> 01:13:10,960 Speaker 1: We've got kind of like twelve or fourteen speakers lined up, 1333 01:13:11,439 --> 01:13:14,679 Speaker 1: and I think that's where the real value is, above 1334 01:13:14,720 --> 01:13:19,200 Speaker 1: and beyond the investment, knowledge and the wisdom, and and 1335 01:13:19,200 --> 01:13:21,000 Speaker 1: then it's a big social event too. We've got a 1336 01:13:21,000 --> 01:13:23,360 Speaker 1: couple of cocktail parties where we do meet and great 1337 01:13:23,400 --> 01:13:26,599 Speaker 1: where and you know, of course everyone's want to want 1338 01:13:26,640 --> 01:13:30,599 Speaker 1: to get their picture taken with Mark Moss. He'll he'll 1339 01:13:30,720 --> 01:13:34,000 Speaker 1: be there taking selfies and you know, having a good 1340 01:13:34,000 --> 01:13:37,840 Speaker 1: stiff drink with everybody. Yeah. Yeah, that's that's such an 1341 01:13:37,880 --> 01:13:40,200 Speaker 1: important point. I mean back to kind of recapping kind 1342 01:13:40,240 --> 01:13:42,160 Speaker 1: of what we said, right, just a small minority to 1343 01:13:42,200 --> 01:13:44,320 Speaker 1: create change, and so obviously we're both doing that through 1344 01:13:44,360 --> 01:13:47,760 Speaker 1: the messaging. But getting together, Um, I believe that to 1345 01:13:47,840 --> 01:13:50,320 Speaker 1: your point, I mean, having these conversations, it really sharpens 1346 01:13:50,680 --> 01:13:53,720 Speaker 1: your viewpoints and um, so to go and hear the 1347 01:13:53,800 --> 01:13:55,680 Speaker 1: stuff and then be able to hang out with like 1348 01:13:55,800 --> 01:13:59,520 Speaker 1: minded people and then discuss it deeper, um, asking questions, 1349 01:13:59,600 --> 01:14:03,200 Speaker 1: bounce ideas, and it leaves you with a whole another 1350 01:14:03,320 --> 01:14:05,720 Speaker 1: level of understanding that you just couldn't get, you know, 1351 01:14:05,800 --> 01:14:07,960 Speaker 1: just watching YouTube videos and and and to your point 1352 01:14:07,960 --> 01:14:09,800 Speaker 1: as well, right, I think the saying is something like 1353 01:14:10,040 --> 01:14:12,160 Speaker 1: to go fast, go alone, but to go fargo with 1354 01:14:12,200 --> 01:14:15,760 Speaker 1: the team. And so to have that community, um, I've 1355 01:14:15,800 --> 01:14:18,599 Speaker 1: found Uh. I use this analogy and some trainings I do. 1356 01:14:18,840 --> 01:14:21,639 Speaker 1: UM like a crab of a bucket full of crabs, 1357 01:14:21,920 --> 01:14:23,639 Speaker 1: and when a when a crab is trying to crawl 1358 01:14:23,680 --> 01:14:25,800 Speaker 1: out of the bucket, the other crabs are pulling it 1359 01:14:25,840 --> 01:14:27,680 Speaker 1: back down. And you know, if you go out with 1360 01:14:27,720 --> 01:14:29,360 Speaker 1: your friends and you're trying to get on a diet 1361 01:14:29,400 --> 01:14:31,240 Speaker 1: and they're like, oh, you can skip your diet tonight, 1362 01:14:31,280 --> 01:14:33,640 Speaker 1: you know, or you're training for whatever marathon and you 1363 01:14:33,640 --> 01:14:36,720 Speaker 1: can take the day off tomorrow, you catch up Monday, right, Um. 1364 01:14:36,760 --> 01:14:38,400 Speaker 1: And so you need to be with like minded people 1365 01:14:38,439 --> 01:14:40,000 Speaker 1: that aren't that aren't trying to pull you back and 1366 01:14:40,200 --> 01:14:42,479 Speaker 1: not intentional. Um, they're just not the same, right, And 1367 01:14:42,520 --> 01:14:44,600 Speaker 1: so we need people um that push us and so 1368 01:14:44,760 --> 01:14:48,400 Speaker 1: great stuff. So yeah, I'm definitely looking forward to that. Yeah, 1369 01:14:48,439 --> 01:14:51,919 Speaker 1: I I totally agree with that analogy. And you're what's 1370 01:14:51,920 --> 01:14:54,519 Speaker 1: some total of the five people you spend like that, 1371 01:14:55,280 --> 01:14:58,280 Speaker 1: like that, I totally agree. Cool. Well man, this has 1372 01:14:58,320 --> 01:15:00,200 Speaker 1: been a great talk. We took it a all the 1373 01:15:00,240 --> 01:15:03,600 Speaker 1: way from the beginning, real world problems that we're all 1374 01:15:03,680 --> 01:15:06,479 Speaker 1: trying to work on. Um. You mentioned Atlas Shrugged. That 1375 01:15:06,560 --> 01:15:08,160 Speaker 1: was kind of talking to my wife about that the 1376 01:15:08,200 --> 01:15:12,720 Speaker 1: other day. Um, because in Atlas Shrugged, everybody kept well, 1377 01:15:12,800 --> 01:15:16,639 Speaker 1: the productive people kept disappearing, uh and not not being 1378 01:15:16,640 --> 01:15:20,640 Speaker 1: taken out. They were going somewhere right, um and uh right. 1379 01:15:20,720 --> 01:15:22,519 Speaker 1: And then you mentioned I'm in my height out over 1380 01:15:22,560 --> 01:15:24,720 Speaker 1: here in in pr with a few people, and and 1381 01:15:24,720 --> 01:15:27,080 Speaker 1: it's a shame that we're seeing these productive people all 1382 01:15:27,120 --> 01:15:29,680 Speaker 1: trying to go and find places. But but we'll be 1383 01:15:29,720 --> 01:15:31,800 Speaker 1: in Miami. So with that, I think we'll go ahead 1384 01:15:31,800 --> 01:15:33,080 Speaker 1: and sign it off. I'll, like I said, I'll put 1385 01:15:33,120 --> 01:15:34,760 Speaker 1: all those down there and anything else you want to 1386 01:15:34,760 --> 01:15:38,360 Speaker 1: say closing it out. No, I just appreciate having me, 1387 01:15:39,080 --> 01:15:41,000 Speaker 1: you having me on your show, and I just loved 1388 01:15:41,040 --> 01:15:43,679 Speaker 1: the conversation. It was awesome. Yeah, thank thanks so much. 1389 01:15:43,840 --> 01:15:44,719 Speaker 1: All right, thanks Ge,