WEBVTT - Nixon Shock On The Dollar, Afghanistan and Broken Financial System | Max Keiser 0:00:13.760 --> 0:00:16.080 The one and only Max Kaiser were sitting down doing 0:00:16.079 --> 0:00:19.279 this and uh so we're in Phoenix and we are 0:00:19.480 --> 0:00:26.440 on your flon tour tour. Um, I think that came 0:00:26.480 --> 0:00:28.800 from because that came from Bitcoin Miami, and it's kind 0:00:28.840 --> 0:00:30.720 of a continuation or how did that, how did that 0:00:30.760 --> 0:00:33.160 come up? Come apart? Right? The Bitcoin Miami have been 0:00:34.200 --> 0:00:37.000 When I came on stage to do the Michael Saylor chat, 0:00:37.000 --> 0:00:39.280 it just kind of burst out. You know, Ellen was 0:00:39.320 --> 0:00:42.199 in the news and uh he got a lot of 0:00:42.440 --> 0:00:45.840 bitcoiners kind of on the wrong wrong side, and so 0:00:46.080 --> 0:00:48.680 it burst out and a lot of people found it 0:00:48.760 --> 0:00:52.440 interesting or controversial and become now a pretty interesting name. 0:00:52.520 --> 0:00:54.680 Show me name the tour after this. Yeah, well you're 0:00:54.720 --> 0:00:58.959 no stranger to controversy, controversy, sales, I guess well, we've 0:00:59.000 --> 0:01:02.840 been doing journalism for almost twenty years now, and because 0:01:02.920 --> 0:01:06.360 we did do journalism for outlets like Al Jazeera, English 0:01:06.400 --> 0:01:12.000 Press TV, which is Iranian, RT, which is Russian, BBC, 0:01:12.800 --> 0:01:15.960 which is communist, we we we have a lot of 0:01:16.160 --> 0:01:19.200 controversy that blows us around, just because the journalists tend 0:01:19.280 --> 0:01:23.520 to attract controversy if they're doing journalism. Yeah, well they should. 0:01:23.560 --> 0:01:25.959 Well they used to do journalism not so much anymore. Right, 0:01:26.040 --> 0:01:30.360 journalism is a lost heart. Yeah, it's a lost art. So, um, 0:01:30.440 --> 0:01:33.920 what do you mean he got people on the wrong side. Well, 0:01:34.000 --> 0:01:36.800 he he initially got folks interested in you know that 0:01:36.920 --> 0:01:39.320 he was taking a look at bitcoin and buying bitcoin, 0:01:39.520 --> 0:01:42.200 but he immediately did the rookie mistake of getting involved 0:01:42.200 --> 0:01:44.679 in the ship points and number one, and then in 0:01:44.760 --> 0:01:47.440 subsequent interviews he was kind of making fun of Al 0:01:47.480 --> 0:01:51.960 Salvador as being kind of a backwater. Uh country wasn't 0:01:52.000 --> 0:01:56.240 going anywhere. That was very rude. He was talking about 0:01:56.240 --> 0:02:00.840 bitcoin note operators. It's not really essential or even look them. 0:02:00.880 --> 0:02:02.800 So he didn't do the homework. I like Michael Sailor, 0:02:02.920 --> 0:02:05.080 it did the homework, has done the homework, really understand 0:02:05.120 --> 0:02:08.320 it got into it. Elon is a dileton, just flew. 0:02:08.440 --> 0:02:10.440 He's a fly by guy. He's like, oh, this looks 0:02:10.480 --> 0:02:14.400 cute and he's like an area. Yeah, that's a great point. 0:02:14.440 --> 0:02:17.919 Now you are like the o G in the space. 0:02:18.040 --> 0:02:19.919 I saw something from you the other day, like two 0:02:19.919 --> 0:02:22.160 thousand and eleven. You were like saying, like I want 0:02:22.200 --> 0:02:24.079 to get a million people into bitcoin back in two 0:02:24.080 --> 0:02:25.919 dozen eleven, So you've been around a long time. I'm 0:02:25.919 --> 0:02:28.320 curious to get your take on this because now I've 0:02:28.320 --> 0:02:30.679 been in since which is all long day but not 0:02:30.680 --> 0:02:33.440 not near as you. But um, I had my own 0:02:33.480 --> 0:02:35.520 path down the all coins, and it seems like the 0:02:35.560 --> 0:02:38.720 more research you do roads come back to bitcoin. And 0:02:38.800 --> 0:02:41.000 I don't know anybody, and I'm curious from your viewpoint, 0:02:41.040 --> 0:02:43.359 like it seems like the more work that somebody puts 0:02:43.360 --> 0:02:47.320 in to do the research, nobody, nobody decides it doesn't work. Right. 0:02:47.360 --> 0:02:49.399 It's almost like once you've done the work, like you're 0:02:49.440 --> 0:02:52.280 bought in um if you if your service level like Elon, 0:02:52.360 --> 0:02:55.359 maybe right, But have you seen that the more even 0:02:55.400 --> 0:02:57.360 more to put the work you put in the bitcoin, 0:02:57.440 --> 0:03:01.120 the more your conviction increases, and the morning you become 0:03:01.240 --> 0:03:04.200 bitcoin maximum? Right, So nobody nobody puts the work in 0:03:04.240 --> 0:03:06.679 and understands and goes, oh, this is never gonna work. 0:03:06.840 --> 0:03:09.320 It's never seen it. It's the opposite that. Ever in 0:03:09.560 --> 0:03:11.960 ten years, I've never seen anybody who put in a 0:03:11.960 --> 0:03:14.600 lot of work and it was decided that it actually 0:03:15.400 --> 0:03:18.320 was something that they weren't interested in and then never happened. Yeah, 0:03:18.400 --> 0:03:22.399 it's never happened. So I thought that was an interesting viewpoint. Now, 0:03:22.919 --> 0:03:26.839 I'm super interested in your take on like some international things, 0:03:26.840 --> 0:03:28.480 because I know you've lived all around the world and 0:03:28.520 --> 0:03:30.120 as you said, you kind of do news for these 0:03:30.120 --> 0:03:34.920 different outlets. Um. I've always thought that, you know, specifically 0:03:34.960 --> 0:03:37.440 around bitcoin, that at some point it's going to be 0:03:37.440 --> 0:03:39.880 the battle for the ages, because the world doesn't want 0:03:39.880 --> 0:03:41.640 to give up their grip on fiat specifically, the dollar 0:03:41.640 --> 0:03:43.440 doesn't want to give up the grip on the dollar 0:03:43.520 --> 0:03:46.280 reserve asset. But that's a that's a US centric view. 0:03:47.360 --> 0:03:49.720 What about from other parts of the world that maybe 0:03:49.720 --> 0:03:51.760 doesn't have the dollar reserve asset? Do you think there's 0:03:51.760 --> 0:03:55.080 a difference there. No, you know, starting in the the n 0:03:55.880 --> 0:03:58.320 we just had the fiftieth anniversary of the Nixon Shock, 0:03:59.040 --> 0:04:01.640 the Sunday ninth, you know, you must closed the gold window, 0:04:01.680 --> 0:04:04.000 and we went on this massive global experiment for the 0:04:04.040 --> 0:04:06.760 first time, all fiat money, no Fiat money backed by 0:04:06.800 --> 0:04:10.280 anything another fiat money. And then during the fifty years, 0:04:10.320 --> 0:04:12.680 you know, you've had collusion. No mean, prints wrote an 0:04:12.680 --> 0:04:15.680 excellent book Collusion. The central banks kind of worked together 0:04:16.160 --> 0:04:20.600 in keeping interest rates artificially low by keeping the money's 0:04:20.640 --> 0:04:23.159 big gets pumped and pouring out all this fiat money 0:04:23.680 --> 0:04:28.320 and by essentially making it easier to commit financial fraud, 0:04:28.400 --> 0:04:32.839 because financial fraud is financial ultimately by borrow of money. 0:04:32.960 --> 0:04:35.520 And if the cost of borrowing money is near zero, 0:04:36.640 --> 0:04:40.280 you are allowing and condoning all that financial fraud to 0:04:41.440 --> 0:04:43.880 just become rampant throughout the globe. And this is what 0:04:43.920 --> 0:04:46.360 we've seen, and this is the problems. I'm just about 0:04:46.360 --> 0:04:48.920 every single problem you can point your finger at has 0:04:48.960 --> 0:04:53.600 its root in too much free money. Yeah. I I 0:04:54.000 --> 0:04:55.840 just did a video on that fiftieth anniversary that Nick 0:04:56.000 --> 0:04:58.359 Nixon shock, and I grabbed a clip of his his 0:04:58.400 --> 0:05:01.240 address when he announced that, and uh, there was a 0:05:01.279 --> 0:05:03.320 lot of things that are that are important to talk about, 0:05:03.320 --> 0:05:05.400 but one of them was he was saying, we have 0:05:05.600 --> 0:05:10.360 to protect the dollar from the speculators, because the speculators 0:05:10.360 --> 0:05:12.320 will one the country's were demanding goal. We don't want 0:05:12.320 --> 0:05:15.680 the fake currency, but to the speculators, like uh, kind 0:05:15.680 --> 0:05:19.039 of the famous A Story of Sorrows how he broke 0:05:19.040 --> 0:05:21.360 the bank gaming un speculating. So everybody knew that they 0:05:21.400 --> 0:05:23.400 had printed too many dollars and they would do it. 0:05:23.400 --> 0:05:25.640 And I just thought if they never printed the dollars, 0:05:25.680 --> 0:05:27.640 they wouldn't have had to protect it from the speculators. 0:05:28.520 --> 0:05:31.000 Hey guys, let me just interrupt this interview real quick, 0:05:31.080 --> 0:05:34.600 just to plug the show sponsor, and that is block Fi. Now. 0:05:34.640 --> 0:05:38.440 Block five is doing amazing things in the bitcoin finance space. 0:05:38.600 --> 0:05:40.360 As a matter of fact, they've cracked some really big 0:05:40.360 --> 0:05:43.919 news by bringing on the x cftc UM chair Chris 0:05:44.040 --> 0:05:47.640 gian Carlo UM and they are one of the most transparent, 0:05:47.760 --> 0:05:50.920 most heavily regulated UM companies inside the United States, which 0:05:50.960 --> 0:05:54.000 gives me a lot of trust into what their services are. Now, 0:05:54.000 --> 0:05:56.799 I've recently did a video talking about how to retire 0:05:56.880 --> 0:05:59.960 off bitcoin, and you can do that by leveraging debt 0:06:00.000 --> 0:06:03.360 at an interest against bitcoin. And Block five is the 0:06:04.040 --> 0:06:06.080 number one company in the United States or maybe in 0:06:06.120 --> 0:06:08.839 the world to go to and use UM. They are 0:06:08.960 --> 0:06:11.200 leading the charges or paying interest on your bitcoin if 0:06:11.200 --> 0:06:13.720 you park it with him, or you can borrow against it. Now, 0:06:13.760 --> 0:06:15.799 as I broke down in that video, you can borrow 0:06:15.839 --> 0:06:18.880 against your bitcoin, and when you take debt against it, 0:06:18.880 --> 0:06:21.080 it's not taxable. It's not a taxable event. You can 0:06:21.160 --> 0:06:22.960 use that debt for anything that you want, including to 0:06:23.000 --> 0:06:25.160 live off of to leverage up and buy more or 0:06:25.320 --> 0:06:27.799 roll it into another asset. UM you can do something 0:06:27.800 --> 0:06:30.360 like I've done recently, like sell some real estate put 0:06:30.400 --> 0:06:33.480 that money into bitcoin. Now as that bitcoin price has risen, 0:06:33.480 --> 0:06:35.600 I'm able to borrow against it and go back and 0:06:35.640 --> 0:06:38.040 buy the same real estate or something similar, and I 0:06:38.080 --> 0:06:41.160 still own the bitcoin, and I also own the new 0:06:41.200 --> 0:06:43.200 asset as well. Lots of ways you can do this 0:06:43.520 --> 0:06:46.200 um and block five is the company that I recommend. 0:06:46.360 --> 0:06:48.200 Down in the description, I have a link that you 0:06:48.200 --> 0:06:49.920 can click on. If you choose to use that link, 0:06:49.960 --> 0:06:51.560 you can earn up the two d fifty dollars in 0:06:51.600 --> 0:06:54.400 bitcoin just for using that link. So check out block fine. 0:06:54.400 --> 0:06:58.920 Now all right, well, you know speculators are when policy 0:06:59.040 --> 0:07:03.159 fails of capitalism. It's made up of free markets, and 0:07:03.160 --> 0:07:06.520 you have buyers and sellers, and regulators regulate these markets 0:07:06.560 --> 0:07:10.800 so that price discovery is piquin immius throughout the entire system. 0:07:10.840 --> 0:07:12.400 And I just butchered that work. But I'm not going 0:07:12.440 --> 0:07:17.760 to buy repronounce it nevertheless. Uh, when you have a 0:07:17.760 --> 0:07:21.120 situation like Nixon had in nineteen seventy one where America 0:07:21.280 --> 0:07:23.600 went too far into debt to pay for the Vietnam 0:07:23.600 --> 0:07:26.040 War and they effectively defaulted on their gold obligations to 0:07:26.120 --> 0:07:28.960 Great Britain by saying we're gonna send you our goal, 0:07:28.960 --> 0:07:32.240 We're gonna send you more paper money. So the speculator 0:07:32.280 --> 0:07:35.520 in this case was Nixon and speculating that Great Britain 0:07:35.520 --> 0:07:38.400 would take paper and not go to war. And I 0:07:38.400 --> 0:07:41.480 think Great Britain would have justifiably sent like France sent 0:07:41.560 --> 0:07:44.680 today a worship to uh to New York. I guess 0:07:44.720 --> 0:07:47.760 it was to pick up their goal. So they thought 0:07:47.760 --> 0:07:50.320 it was an active war to try to monkey around 0:07:50.320 --> 0:07:53.760 with their money. Great Britain should have done the same thing. Really, 0:07:53.960 --> 0:07:56.560 But so that's what the speculation. He was speculating on 0:07:56.600 --> 0:08:00.840 the spinelessness of the British people, and he he correctly 0:08:00.880 --> 0:08:05.760 bet that they would be jellyfish and not respond. Yeah, so, um, 0:08:05.760 --> 0:08:08.000 that's fifty It's been fifty years. So we had, you know, 0:08:08.160 --> 0:08:10.640 are five thousand years of gold as a monetary standard 0:08:10.640 --> 0:08:13.840 an hour fifty years in this monetary experiment of fiat currency. 0:08:14.160 --> 0:08:15.600 And it just seems like when you look at the 0:08:15.640 --> 0:08:17.480 world you kind of mentioned a minute ago, like interest 0:08:17.520 --> 0:08:22.360 rates are at zero umrillion dollars of debt, Like how 0:08:22.560 --> 0:08:24.800 fast and how far it's come. It just seems like 0:08:25.560 --> 0:08:27.440 how much longer can I go for it? Man? Have 0:08:27.480 --> 0:08:30.800 they pushed it to the max? Right? The swing vote 0:08:31.000 --> 0:08:36.080 is China. So China has been a huge beneficiary of 0:08:36.240 --> 0:08:38.760 the monetary system in the last twenty or thirty years. 0:08:38.760 --> 0:08:42.280 They elevated themselves from their world status up to being 0:08:42.320 --> 0:08:44.920 a superpower. So the question is at what point is 0:08:44.960 --> 0:08:48.439 trying to open the trapdoor in the US dollar in conjunction. 0:08:48.520 --> 0:08:51.840 Probably will move on Taiwan. They have to feel comfortable 0:08:51.840 --> 0:08:53.679 that they can do that, and to do that, they 0:08:53.720 --> 0:08:57.679 have been hoarding gold quite voluminously, un hundreds of tons. 0:08:57.679 --> 0:09:01.720 They've got the one bout one road initiative that ties China, Russia, 0:09:01.960 --> 0:09:06.520 it ran Um and now Afghanistan will probably join that quartet. 0:09:07.360 --> 0:09:11.440 So uh, they I think believe that they're close to 0:09:11.520 --> 0:09:13.640 being in a position to make a move on Taiwan. 0:09:13.679 --> 0:09:17.360 They had a trial one of Hong Kong. They co 0:09:17.520 --> 0:09:22.280 opted Um annexed Hong Kong without any pushback. Really no 0:09:22.440 --> 0:09:25.800 no problem there. So I think it's all go, all 0:09:25.840 --> 0:09:30.400 go ye for Taiwan. Yeah, and what do you think 0:09:31.120 --> 0:09:37.679 the significance of Taiwan, Well, it would the chips are 0:09:37.760 --> 0:09:41.720 manufacturing in Taiwan. It's a hugely strategic asset for China 0:09:41.800 --> 0:09:45.040 from the technology side, technology side, So it's uh they 0:09:45.040 --> 0:09:48.440 wanted so UM. I think that they're going to get it, 0:09:48.600 --> 0:09:50.760 you know, and they've already told everybody they're gonna get it. 0:09:50.840 --> 0:09:53.080 They took that Japan said, if you tempt it, we're 0:09:53.080 --> 0:09:55.280 gonna step in. And they said if you even where 0:09:55.280 --> 0:09:57.040 they say, if you even show one soldier, We're going 0:09:57.080 --> 0:10:00.079 to nuke your whole island, I think they said. And 0:10:00.280 --> 0:10:03.559 they have great allies, you know. I mean, Japan is 0:10:03.720 --> 0:10:06.640 entirely depended on for an oil and they on domestic oil. 0:10:06.640 --> 0:10:09.600 And also that would mean that there they would be 0:10:10.000 --> 0:10:15.760 UM easily defeated. UM and UM. I think also another 0:10:15.760 --> 0:10:17.880 major swing player and this whole thing would be Germany, 0:10:18.000 --> 0:10:21.080 because Germany, I think, is gonna leave essentially need lead 0:10:21.160 --> 0:10:25.040 NATO and side with Russia, China, Ran Afghanistan go east 0:10:25.440 --> 0:10:27.880 for the pipeline. They already had that. The nord Tream too, 0:10:28.000 --> 0:10:31.040 is already going right from Russia right to Germany. Uh 0:10:31.080 --> 0:10:32.760 and they've got like thirty or forty percent of their 0:10:32.840 --> 0:10:36.280 energy directly comes from Russia now and the US can't 0:10:36.320 --> 0:10:39.760 compete on that front. And uh so I think that 0:10:39.800 --> 0:10:43.040 will kind of tip the balance to a new century, 0:10:43.640 --> 0:10:45.920 a new alliance, and a new The biggest trades on 0:10:46.120 --> 0:10:48.480 the world would be the one road, one about one road. 0:10:48.480 --> 0:10:50.920 It wouldn't be the he used currently number one that 0:10:51.000 --> 0:10:56.000 I think overtaken by this new mass. And to your point, 0:10:56.320 --> 0:10:58.320 China has done that all with the dollar, because they've 0:10:58.320 --> 0:11:01.160 weaponized the dollar against us and kind built this empire, 0:11:01.240 --> 0:11:05.360 this this whole Eurasian land mask. Um. So you talk 0:11:05.440 --> 0:11:07.680 about it like being oil, which is kind of interesting 0:11:07.679 --> 0:11:10.080 because obviously the dollars switched from gold back to this 0:11:10.120 --> 0:11:12.840 kind of petro dollar. But now today we have like 0:11:12.840 --> 0:11:15.040 this whole E. S G narrative going around and like 0:11:15.360 --> 0:11:18.440 now we have activist shareholders taking over Exxon, and like 0:11:18.520 --> 0:11:20.439 now they're not even gonna be in the oil business anymore. 0:11:20.800 --> 0:11:23.160 Germany seems to want to be getting rid of all 0:11:23.200 --> 0:11:26.719 their fossil fuels and even nuclear. So you still think 0:11:26.800 --> 0:11:31.400 that has a lot of weight. Well, let me make 0:11:31.440 --> 0:11:33.880 sure I understand the question. So E s G. Well, 0:11:33.920 --> 0:11:35.640 it seems like the labor of the month, at least 0:11:35.640 --> 0:11:38.600 to call it social responsible investing, and that's murphed and 0:11:38.760 --> 0:11:42.360 morphed into E. S G. And this is a talking 0:11:42.400 --> 0:11:45.760 point in the talking shops around the world like Davos 0:11:45.800 --> 0:11:49.440 and things like that. So what do you exactly, Well, 0:11:49.480 --> 0:11:51.400 it just seems like you're saying, like, tie all this 0:11:51.480 --> 0:11:53.040 together with the oil. But it seems like at the 0:11:53.040 --> 0:11:54.520 same time, all these countries are trying to get rid 0:11:54.559 --> 0:11:57.400 of the use of oil, get rid of fossil fuels altogether. 0:11:58.559 --> 0:12:00.640 So it didn't seem like could be the thing to 0:12:00.760 --> 0:12:02.960 unite everybody when everybody seems to be trying to get 0:12:03.000 --> 0:12:04.800 off of it. I guess was my point right there, 0:12:04.800 --> 0:12:10.320 trying to move to renewables as opposed to fossil fuels. UM. 0:12:10.440 --> 0:12:13.320 The oil business isn't going wet, right, you know, the 0:12:13.360 --> 0:12:15.719 supply made the window, but the demand is not going 0:12:15.800 --> 0:12:18.640 to Chinese cult capacity like they just went up again. 0:12:18.640 --> 0:12:27.160 It's quite sharply UM and UM. Renewables are it's it's 0:12:27.280 --> 0:12:31.720 it's UM. It's not really it's gonna be a factor 0:12:32.280 --> 0:12:35.400 if you if you look at even the way as 0:12:35.440 --> 0:12:37.800 you mentioned the petrol dollar. Right, so the entire banking 0:12:37.840 --> 0:12:42.199 system is tied entirely to the oil industry because it's 0:12:42.280 --> 0:12:48.000 extremely capital intensive and UM, so they're they're also not 0:12:48.040 --> 0:12:53.920 gonna be on board with with a switch out of oil. Um, 0:12:54.080 --> 0:12:59.720 so E s G. It's it's a lugeon that is 0:12:59.800 --> 0:13:05.240 you used to kind of, um have a way to 0:13:05.280 --> 0:13:07.559 frame the narrative. You know, people would use that E 0:13:07.760 --> 0:13:12.480 s G. To somehow, um shape news and shape the 0:13:12.600 --> 0:13:16.000 narrative and things like that. But it's it's it's purely cosmetic. 0:13:16.000 --> 0:13:21.079 There's absolutely no no basis. There's no no, no, no 0:13:21.120 --> 0:13:24.760 reason to think that this is a factor at all. Yeah. Yeah, 0:13:24.960 --> 0:13:26.559 like I said, I mean it's definitely I agree with you. 0:13:26.600 --> 0:13:29.319 It's definitely a way to control companies and countries even 0:13:29.400 --> 0:13:32.840 and uh it may limit the supply, but the demands 0:13:32.880 --> 0:13:34.760 not going away, right, so we're still going to have that. 0:13:34.840 --> 0:13:37.839 So um, I guess all this just kind of feeds 0:13:37.880 --> 0:13:41.920 into the bigger narrative. Obviously we're bitcoiners, um, and you know, 0:13:42.000 --> 0:13:44.600 going from the Nixon shock, Um, it's almost like these 0:13:44.600 --> 0:13:46.839 are just ripples that have been sent out, Like all 0:13:46.880 --> 0:13:50.160 these are kind of like effects. Um. The Afghanistan piece, 0:13:50.160 --> 0:13:52.360 what you mentioned we were talking about before recording is 0:13:52.440 --> 0:13:55.679 kind of a big turn of events. Um, what's happened there, 0:13:55.720 --> 0:13:58.120 and and uh there's probably a bunch of opinions on 0:13:58.160 --> 0:14:02.440 that but it's like as bad as that was, like 0:14:02.520 --> 0:14:04.320 maybe that would have always been avoided if we didn't 0:14:04.320 --> 0:14:06.719 have the feet currency from the Nixon Shock. Would you 0:14:06.760 --> 0:14:10.319 say that, you know, if you have money allows you 0:14:10.400 --> 0:14:14.640 to go in Afghanistan's for twenty years without any objective, 0:14:15.280 --> 0:14:21.680 without any plan um, and to just funnel trillions to 0:14:22.120 --> 0:14:25.520 defense contractors right to your buddies down the street in Washington. 0:14:25.680 --> 0:14:31.400 That's all. It is a pastrough mechanism to channel printonalized cantellent. Yeah, 0:14:31.520 --> 0:14:34.960 there was as a war game. There was someone put 0:14:35.000 --> 0:14:40.800 on Twitter post from from Julian Assans from two thousand eleven, 0:14:41.720 --> 0:14:44.040 twenty years ago, a decade ago, and he was saying, 0:14:44.560 --> 0:14:46.840 Afghanistan is going to be a way to funnel money 0:14:46.920 --> 0:14:50.440 from the taxpayers to these multinational companies. And then you 0:14:50.440 --> 0:14:52.160 see it today and it's like, exactly what you're saying, 0:14:52.200 --> 0:14:54.240 exactly what happened? You know, it's the same thing. Yeah, 0:14:54.760 --> 0:14:57.200 essentially the same thing, you know, I kind of I'm 0:14:57.320 --> 0:15:00.840 I'm surprised that America, after spending two twenty two trillion 0:15:00.920 --> 0:15:04.840 dollars in twenty years, couldn't find Saudi Arabia on a map, right, 0:15:05.000 --> 0:15:08.640 we went in there after nine eleven because to reprise 0:15:08.760 --> 0:15:13.200 the attackers, and they for some you know, for twenty 0:15:13.280 --> 0:15:14.760 nine cents you go to the gas station and buy 0:15:14.800 --> 0:15:18.840 a world map and then their Saudi Arabia here, okay gas, 0:15:19.000 --> 0:15:21.400 and that's not the same, right, So after twenty years 0:15:21.440 --> 0:15:24.360 they finally figured that out. They're like, you know, we've 0:15:24.440 --> 0:15:26.760 made a wrong turn. We went a little bit too 0:15:26.800 --> 0:15:29.920 far the side. Well that happened. It's like in the 0:15:30.000 --> 0:15:32.280 GPS in your car, okay, you know, the parking lot 0:15:32.360 --> 0:15:34.040 for thirty minutes, because they keeps sending it round in 0:15:34.040 --> 0:15:36.400 the round and round. That's American food policy. They're completely 0:15:36.400 --> 0:15:38.760 stuck on stupid, right. But they're spending trillions of dollars. 0:15:38.680 --> 0:15:40.720 If you have money, there's never any penalty, but they 0:15:40.760 --> 0:15:42.360 just keep it in their pocket and they go buy 0:15:42.400 --> 0:15:45.520 stocks and inside our training and Nancy Pelosi sixty seventy 0:15:45.520 --> 0:15:47.560 million dollars at the time in Washington just trading an 0:15:47.600 --> 0:15:50.120 inside information. Yeah, that's what we're paying for. Yeah, just 0:15:50.120 --> 0:15:55.480 because list goes on and on. How money it breeds leprosy. Yeah, 0:15:55.560 --> 0:15:59.280 And the politicians are essentially fiat lepers. They think they 0:15:59.320 --> 0:16:01.320 live in a cave where they're just gregging all this 0:16:01.440 --> 0:16:04.000 fee on money showing upon them from the febuaries are 0:16:04.040 --> 0:16:07.920 banking the Treasury Department, and they're drug trolls under a bridge. 0:16:09.160 --> 0:16:11.560 There's all the fat pigs, right, and that's what we 0:16:11.640 --> 0:16:16.760 feat that's our taxes go. It's a pigsty vermin yea. Yeah, 0:16:16.800 --> 0:16:19.720 you mentioned the accountability piece. So there's no accountability. So 0:16:19.800 --> 0:16:21.600 of course if they if they're not gonna get in trouble, 0:16:21.600 --> 0:16:23.440 they're not gonna lose their jobs, is not gonna get whatever, 0:16:23.480 --> 0:16:25.120 then they're going to keep doing it. You know, they 0:16:25.200 --> 0:16:28.560 just dropped palates of hundred dollar bills in to Afghanistan 0:16:28.840 --> 0:16:31.400 and hope that it's all gonna work out well. Right, 0:16:31.440 --> 0:16:33.280 the guy just made up at the hundred fifties hundred 0:16:33.320 --> 0:16:36.600 sixty million dollars of our tax money. Right, I was 0:16:36.680 --> 0:16:39.160 hoping to buy a gold fish or something for my house, 0:16:39.600 --> 0:16:42.040 you know, put some life in the quarter, you got it? 0:16:42.120 --> 0:16:44.600 Like now it's like no, it's over in Dubai or 0:16:44.880 --> 0:16:48.640 where he's living large as a good uh you know, 0:16:49.000 --> 0:16:51.680 out law worshiping Muslim, you know, down at the bar 0:16:51.840 --> 0:16:55.360 five o'clock every night, washed on my money. Yeah, okay, 0:16:55.920 --> 0:16:58.400 you know, at least like read the crime don't be 0:16:58.480 --> 0:17:02.840 an assholes like chapter one. Yeah, so under a sound 0:17:02.920 --> 0:17:07.000 money standard, under bitcoin standard, under a gold standard previous 0:17:07.040 --> 0:17:10.159 to FIAT, countries would go to war and if they 0:17:10.200 --> 0:17:14.320 calculated wrong, if they lost, then they go bankrupt, and 0:17:14.359 --> 0:17:16.800 then there's real consequences. Wars would end, and then there 0:17:16.800 --> 0:17:19.720 would be consequences. They'd go bankrupt and the country would fall. Right, 0:17:20.240 --> 0:17:23.240 that's right, Well, that's exactly right. You're you're limited to 0:17:23.720 --> 0:17:25.359 That's why you had to be strategic. You know, you 0:17:25.359 --> 0:17:28.639 had like Napoleon or whoever, you know, great generals because 0:17:28.680 --> 0:17:31.280 they were able to win war is given the constraints 0:17:31.320 --> 0:17:34.960 of their budgets. Yeah, but if you have no budgetary 0:17:35.000 --> 0:17:38.320 constraints and you can just like sitting somewhere in Delaware 0:17:38.359 --> 0:17:41.040 behind a video console and start killing civilians like a 0:17:41.119 --> 0:17:43.720 video game and con tail yourself millions of dollars and 0:17:43.880 --> 0:17:46.120 just watch dead people pile up on the street and 0:17:46.160 --> 0:17:48.480 like give yourself a Budweiser at five o'clock. There's no 0:17:48.880 --> 0:17:51.520 there's no reason to stop. Why would you stop? There's well, 0:17:51.640 --> 0:17:56.240 human life has no value in that scenario. So I mean, 0:17:56.320 --> 0:17:58.920 if Karma's coming back, you know, as Malcolm X said 0:17:58.960 --> 0:18:02.520 that chickens are coming home to roost. Yeah. Now there's 0:18:02.560 --> 0:18:05.120 one parallel that we both have drawn that I want 0:18:05.160 --> 0:18:08.520 to discuss real quickly, and that was in regards to Afghanistan. 0:18:09.040 --> 0:18:11.440 Um Well, I started out saying that, you know, we've 0:18:11.440 --> 0:18:13.280 always kind of known that the powers that be are 0:18:13.320 --> 0:18:15.760 not gonna want bitcoin because it's going to take away 0:18:15.760 --> 0:18:20.400 their feat control. Um and with with with Afghanistan, we 0:18:20.400 --> 0:18:23.720 were warned Omar warrened Bush like, hey, come out of 0:18:23.760 --> 0:18:25.080 the bush, that we're gonna come out with everything, and 0:18:25.160 --> 0:18:27.840 nowhere you can hide, and he said, we'll wait you out. 0:18:28.600 --> 0:18:31.840 And so Afghanistan is notoriously has been called the graveyard 0:18:31.840 --> 0:18:33.600 of empires. Right, so everyone that goes there it gets 0:18:33.640 --> 0:18:36.320 defeated and then the empire falls apart. And there's something 0:18:36.359 --> 0:18:40.159 about Afghanistan. It's just hard to kill. And so just 0:18:40.840 --> 0:18:43.000 they don't wait everybody out. It's the Bitcoin of countries. 0:18:43.040 --> 0:18:46.639 It's the Bitcoin of countries. It's decentralized, so you can 0:18:46.680 --> 0:18:49.840 knock out one tribe or one hill or one group 0:18:49.920 --> 0:18:52.800 and it doesn't matter because it's infinitely replicated throughout this 0:18:53.000 --> 0:18:57.359 entire region and there's no way to to kill it. 0:18:57.480 --> 0:18:59.959 For that reason, it's totally decentralize, the same reason why 0:19:00.000 --> 0:19:03.280 a big cooin is unkillable. It's unconfiscatable, it's immutable, it's 0:19:03.359 --> 0:19:06.600 unstoppable PDP file swapping. They've been trying to get rid 0:19:06.640 --> 0:19:08.280 of that for decades. They can get rid of it 0:19:08.280 --> 0:19:14.120 because it's totally distributed centralized. So that's that's what Afghanistan has. 0:19:14.240 --> 0:19:17.960 So um, that was predictable that the US would do 0:19:18.040 --> 0:19:22.000 exactly what they did. I think that going into Afghanistan, 0:19:22.640 --> 0:19:25.320 if there was any game plan, it was that we 0:19:25.400 --> 0:19:29.280 know at ultimately that we could probably blow two trillions 0:19:29.359 --> 0:19:31.800 or more in this unwinnable war for our friends. Sound 0:19:32.160 --> 0:19:34.960 down at the Pentagon, right, that was the plan, Like 0:19:35.040 --> 0:19:38.840 they did say it worked out beautifully because it worked 0:19:38.880 --> 0:19:42.159 out exactly because you know, the network of these guys 0:19:42.240 --> 0:19:46.359 has shot up absolutely dramatically. That the wealth in America 0:19:46.520 --> 0:19:50.440 is increased by trillions of dollars, and that's the trillions 0:19:50.480 --> 0:19:53.080 that have been printed show up on the cap table 0:19:53.119 --> 0:19:55.760 of the network of those people who are benefiting from 0:19:55.760 --> 0:19:59.560 the genocide little maniacs that are running the show in 0:19:59.600 --> 0:20:02.560 the same amount. It's like, here's here's five dollars over here. 0:20:02.560 --> 0:20:04.800 Hold now, it's over there. How did you get there? Well, 0:20:04.960 --> 0:20:07.439 we pretended like we had. We were looking for a 0:20:07.480 --> 0:20:09.240 song and been longing. If I can get to stand 0:20:09.280 --> 0:20:12.520 there eleven, then he was responsible for all that tragedy, 0:20:12.840 --> 0:20:15.000 even though it was not them. But we won't say 0:20:15.000 --> 0:20:18.320 nothing because Americans too stupid, and they're like, it's a 0:20:18.359 --> 0:20:22.280 monetization of the mass stupidity of an entire nation, a 0:20:22.359 --> 0:20:26.720 million morons being wrapped in the boat Fiat money ties 0:20:26.960 --> 0:20:31.800 and putting the part thank you very much, Fox, Yeah, yeah, yeah. 0:20:31.800 --> 0:20:33.240 I mean, if you have spent two and a half 0:20:33.240 --> 0:20:36.280 trillion dollars, where do you think it went? Where did 0:20:36.280 --> 0:20:38.080 they spend it? It went to those people, right to 0:20:38.119 --> 0:20:41.240 those contracts, the stock market, the bond market, park, avenue 0:20:41.280 --> 0:20:46.280 of apartments and houses in the Hampton's, Medigliani's van goes 0:20:46.720 --> 0:20:52.040 right wineries in France. That's hey, sorry to interrupt this 0:20:52.119 --> 0:20:54.840 video just one more time. I'm not running Google ads, 0:20:54.840 --> 0:20:57.280 so it's actually way less interruption than I normally would 0:20:57.280 --> 0:20:59.639 have on a video. And that's because it's sponsored by 0:20:59.680 --> 0:21:03.000 block five Um. They are opening up the world of 0:21:03.040 --> 0:21:06.439 bitcoin and financial products, offering to pay you interest on 0:21:06.560 --> 0:21:09.439 your bitcoin um better than owning a rental property that 0:21:09.480 --> 0:21:11.320 you have to manage and control and have the risks. 0:21:11.359 --> 0:21:13.440 You can just earn interest on it, or you can 0:21:13.520 --> 0:21:16.360 leverage against it. Now, I plan to hold my bitcoin 0:21:16.400 --> 0:21:19.560