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Speaker 1: Hey, everyone, welcome to another episode of the Market Disruptor Show,

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Speaker 1: and today I am sitting down with Lynnette Zang. She

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Speaker 1: is a very big requested guest one I've been excited

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Speaker 1: to sit down with for a while. So we have

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Speaker 1: a lot to dig into day. I'm excited to thank

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Speaker 1: so much for joining us today's I'm really happy to

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Speaker 1: be here, Mark, thank you for having me. Yeah. So, um,

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Speaker 1: I'm a fan. I've been watching a bunch of your

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Speaker 1: content and uh a lot of good stuff, which just

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Speaker 1: brings up more questions. I'm excited to dig through those today.

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Speaker 1: But not everybody is probably familiar with your work, so

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Speaker 1: I'll just give us a little bit of background on

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Speaker 1: on what you've been working on or what you're working

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Speaker 1: on now. Okay, Well, I've been working on understanding the

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Speaker 1: markets basically my entire life. But in the past, I've

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Speaker 1: been a banker, I've been a stockbroker and as chief

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Speaker 1: market analysts. I started studying actually before that, I started

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Speaker 1: studying currencies in and so I'm really all about currency

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Speaker 1: life cycles. I started seeing the repeatable patterns and I

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Speaker 1: went to I t M in two thousand and two

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Speaker 1: after my formulas, well not I mean, the general formulas

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Speaker 1: confirm that we were at the end of this currency's

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Speaker 1: life cycle. So you know, that's really what I focus on,

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Speaker 1: is UM reset. You know, I've been watching the reset

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Speaker 1: occur and the system died in two thousand and eight,

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Speaker 1: so that's what I've been working on ever since then,

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Speaker 1: really paying attention as we transition into a new really

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Speaker 1: social economic and financial system. You know latest changes. Of course,

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Speaker 1: they don't change behavior, they change the rules. So you

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Speaker 1: know that's what I really focus on and what I'm

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Speaker 1: focusing on right now as well, is all the rule

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Speaker 1: changes that are happening. Yeah, that's eight and and uh

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Speaker 1: for people watching my channel, they know that's what I

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Speaker 1: kind of focused on too. Um. Yeah, I forgot to

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Speaker 1: say that you are. You are the chief market announced

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Speaker 1: at I t M, so I forgot to plug that,

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Speaker 1: so make sure you go follower there will make sure

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Speaker 1: to link that down below. But UM, you know, you

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Speaker 1: said that you've been studying currencies much longer than me. Um,

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Speaker 1: that's interesting, and you said you, um, you know, following

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Speaker 1: these currency life cycles cycles is something that I'm pretty

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Speaker 1: big in and I have some questions to ask you

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Speaker 1: about that. But you talked about um, the day the

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Speaker 1: currency died was two thousand and eight. Now, um, there's

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Speaker 1: a lot of days that it died, right, Like, I mean,

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Speaker 1: so yes, but but I mean like maybe maybe the

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Speaker 1: dollar died in thirteen when the Federal Reserve was born,

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Speaker 1: or maybe it died in nineteen four when the Breton

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Speaker 1: Woods agreement, or maybe it died in seventy one when

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Speaker 1: Nixon took it off the standard, or or oh wait,

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Speaker 1: so why do you say? Oh eight, Hey, guys, let

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Speaker 1: me just interrupt this interview real quick, just to plug

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Speaker 1: the show sponsor, and that is Block five. Now. Block

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Speaker 1: five is doing amazing things in the bitcoin and finance space.

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Speaker 1: As a matter of fact, they've cracked some really big

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Speaker 1: news by bringing on the x c f TC UM

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Speaker 1: chair Chris gian Carlo Um. And they are one of

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Speaker 1: the most transparent, most heavily regulated UM companies inside the

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Speaker 1: United States, which gives me a lot of trust into

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Speaker 1: what their services are. Now, I've recently did a video

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Speaker 1: talking about how to retire off bitcoin, and you can

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Speaker 1: do that by leveraging debt and interest against bitcoin. And

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Speaker 1: Block five is the number one company in the United

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Speaker 1: States or maybe in the world to go to and

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Speaker 1: use um. They are leading the charges are paying interest

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Speaker 1: on your bitcoin if you park it with them, or

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Speaker 1: you can borrow against it. Now, as I broke down

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Speaker 1: in that video, you can borrow against your bitcoin, and

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Speaker 1: when you take debt against it, it's not taxable. It's

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Speaker 1: not a taxable event. You can use that debt for

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Speaker 1: anything that you want, including to live off of, to

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Speaker 1: leverage up and buy more, or roll it into another asset.

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Speaker 1: UM you can do something like I've done recently, like

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Speaker 1: sell some real estate put that money into bitcoin. Now

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Speaker 1: as that bitcoin price has risen, I'm able to borrow

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Speaker 1: against it and go back and buy the same real

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Speaker 1: estate or something similar, and I still own the bitcoin,

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Speaker 1: and I also owned the new asset as well. Lots

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Speaker 1: of ways you can do this UM and Block five

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Speaker 1: is the company that I recommend. Down in the description,

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Speaker 1: I have a link that you can click on. If

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Speaker 1: you choose to use that link, you can earn up

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Speaker 1: the two fifty dollars in bitcoin just for using that link.

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Speaker 1: So check out block fine Now. Well, I say oh eight,

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Speaker 1: because that's when they really ran out of tools and

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Speaker 1: the only thing that they had left our interest rates

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Speaker 1: and just creating more money, and and you're absolutely right,

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Speaker 1: because it's been dying in slow deaths since they brought

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Speaker 1: in the Federal Reserve and started to remove you know, gold,

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Speaker 1: something real from backing our currency. But yeah, two thousand

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Speaker 1: and eight is when they dropped interest rates to zero,

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Speaker 1: which is their biggest tool, and they've not been and

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Speaker 1: I'm talking about global central banks, so it's not just

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Speaker 1: the FED, but it's globally. Uh, And they've not been

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Speaker 1: able to raise them. Of course they can't. So really

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Speaker 1: all they have left is printing money, de valuing the currency,

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Speaker 1: and getting set up to take us into a new system.

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Speaker 1: So that's why. And also Christine Lagard in two thousand

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Speaker 1: and nine in a Bloomberg interview which has gone now,

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Speaker 1: but use the word reset about twenty seven times in

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Speaker 1: that half an hour interview, which you caught my attention. Yeah,

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Speaker 1: that's interesting. You know, I think about it in terms

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Speaker 1: of playing a board game, right, where like we're playing

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Speaker 1: scrabble or whatever, and at some point you're out of moves,

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Speaker 1: and when you're out of moves, what do you do?

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Speaker 1: Like you reset the game kind of a thing, And

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Speaker 1: so that kind of comes to mind when you talk

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Speaker 1: about that, Um, you know, one thing, going back to

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Speaker 1: that currency a little bit further. Uh, I kind of

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Speaker 1: rattled off a couple of days, so you know, the

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Speaker 1: data Federal Reserve was created, they started printing more currency obviously, UM,

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Speaker 1: the Brenton Woods Agreement maybe I don't know, kind of

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Speaker 1: brought it back into a peg at least. And then

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Speaker 1: a lot of people talk about like that seventy one

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Speaker 1: when Nixon took us off of that gold standard. Um.

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Speaker 1: But you know, another way that I've been thinking about

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Speaker 1: this just recently, really maybe in the last month or two,

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Speaker 1: is that we never actually came off of a gold standard.

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Speaker 1: What he did is removed the peg. Right, the dollars still,

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Speaker 1: I mean, gold still priced in dollars at the end

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Speaker 1: of the day. The market has just repriced gold, uh,

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Speaker 1: and the dollar exchange. Right. Maybe he just removed the peg.

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Speaker 1: We never got off the gold standards. Is that a

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Speaker 1: way to look at it? Um. I wouldn't really look

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Speaker 1: at it quite like that, because while you are right,

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Speaker 1: and I mean and gold is is valued in terms

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Speaker 1: of any fiat currency anywhere in the world, what created

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Speaker 1: the gold standard were the restrictions that having gold backing

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Speaker 1: the currency created, So it really required fiscal responsibility. In

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Speaker 1: seventy one, Nixon handed what what really what that really

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Speaker 1: happened in in seventy one was that Nixon handed over

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Speaker 1: full control of inflation to the central banks to the

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Speaker 1: private banks. And what do banks know? They know debt

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Speaker 1: and they know interest. But um, so you could say

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Speaker 1: that it really it's been dying since nineteen thirteen. But no,

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Speaker 1: we're not still on the gold standard as a government

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Speaker 1: or as a country or around the world. But I

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Speaker 1: personally am absolutely on the gold and silver standard. Yeah standard,

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Speaker 1: you run your account on those, Yeah, I guess it's

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Speaker 1: just like a little bit of a I love to

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Speaker 1: look at things from different angles and different perspectives, and

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Speaker 1: sometimes it gives me, you know, more clarity, um, you know.

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Speaker 1: To to your point though, like you said, well, when

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Speaker 1: we got off the gold stender, it took away the restraint,

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Speaker 1: but like I could also say, we never had restraint.

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Speaker 1: I made a video recently and I was refuting Ray

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Speaker 1: Dalio's point. Um. He said that the government would make

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Speaker 1: bitcoin illegal because they because the same reason they made

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Speaker 1: gold illegal, which was they didn't want a competing form

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Speaker 1: of money. That's what he said, And I refuted that,

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Speaker 1: and I said, well, I don't think his understanding of

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Speaker 1: the events in history are correct, because in thirteen the

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Speaker 1: Federal Reserve was created, and they printed way too many dollars,

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Speaker 1: and by nine thirty three, so back to that restraint,

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Speaker 1: they didn't have restraint. They printed way too many dollars.

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Speaker 1: And so by nineteen thirty three the government owed gold.

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Speaker 1: They owed gold to creditors, and so they didn't owe dollars,

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Speaker 1: they owed gold, and so they took the gold to

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Speaker 1: pay the creditors. And it wasn't, at least in my understanding,

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Speaker 1: it wasn't that they didn't want to compete in for

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Speaker 1: the money. They owed the gold and they needed the gold,

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Speaker 1: um and so. And then then of course they will

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Speaker 1: go ahead and talk about it. Can I kind of

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Speaker 1: jump in there, because you know, really what happened during

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Speaker 1: this I love that period of time, and I feel

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Speaker 1: like we're living through that again with the Roaring twenties.

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Speaker 1: But when we were on the gold standard, and you're right,

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Speaker 1: they owed the gold, so if an individual did not

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Speaker 1: like what the government was doing, then they had the

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Speaker 1: ability to walk into a bank and convert their dollars

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Speaker 1: into gold, hold the gold out of the system and

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Speaker 1: create greater restrictions. So um a competing currency or just

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Speaker 1: taking away the public's power, because that was a public

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Speaker 1: power that if you had enough people that did it,

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Speaker 1: you know, then you have a run on the banks, etcetera.

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Speaker 1: So they did own the gold. You're absolutely right about that,

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Speaker 1: but it was too more to the citizens. In seventy

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Speaker 1: one it was to the other government's global governments. But

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Speaker 1: thirty three they had to take that control away from

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Speaker 1: the citizens. So you think it was more about taking

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Speaker 1: away control than it was paying the creditors because they

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Speaker 1: didn't want to default on the creditors. Okay, interesting. I

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Speaker 1: value your opinions, and I want to say I love too.

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Speaker 1: I love what you said earlier about looking at things

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Speaker 1: from a different point of view, because when you do that,

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Speaker 1: it is amazing what you see. So I definitely love

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Speaker 1: to debate because it opens everybody's eyes. Years ago I

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Speaker 1: worked with I had a company I was running, and

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Speaker 1: I brought in like this fortune one hundred consultant, one

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Speaker 1: of the smartest guys ever, and he would look at

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Speaker 1: a problem and he taught me this, and he's like,

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Speaker 1: you can't do that, Like there's nothing in the world

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Speaker 1: like if I had a magic wand like I couldn't

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Speaker 1: create a solution, Well, of course you could, okay, so

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Speaker 1: then we can write and it just opens up your

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Speaker 1: mind to things you wouldn't think so anyway. Um So

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Speaker 1: then if I was chasing that conclusion, so let's see

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Speaker 1: where this goes. So then I was chasing that conclusion

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Speaker 1: to like why the government wouldn't make gold illegal today

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Speaker 1: or bitcoin illegal? And and well either right and uh,

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Speaker 1: and I was saying, well, the differences. They don't owe

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Speaker 1: anyone gold today, they don't own any one bitcoin today.

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Speaker 1: What they owe people are dollars, and they could just

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Speaker 1: print more of those. Um So that was kind of

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Speaker 1: my conclusion. I guess what's your thought there, Well, you know,

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Speaker 1: both gold and the new digital currencies. I think it's

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Speaker 1: going to be really interesting to see what happens when

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Speaker 1: the central banks really come out with their digital currency.

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Speaker 1: Because when you look at the Bank for International Settlements

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Speaker 1: money Flower, there is a small space on there for

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Speaker 1: private cryptocurrencies, but there's that actually larger space for commodity money,

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Speaker 1: so gold and silver and then all the rest is

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Speaker 1: under the central bank's control. But so I think that

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Speaker 1: they are going to you know, allow a certain amount

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Speaker 1: of it, but I think it will be very controlled

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Speaker 1: and heavily taxed. And um, I don't think they're going

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Speaker 1: to allow any competition to their money monopoly. But it

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Speaker 1: will be interesting to say the battle has begun and

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Speaker 1: it will be very interesting too. So I don't want

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Speaker 1: to I don't want to dig in too much on

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Speaker 1: that right there, because that's gonna be like the end game,

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Speaker 1: which we're gonna get to at the end here. So

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Speaker 1: let's kind of build this story up a little bit.

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Speaker 1: So the currency died No. Eight. The FED has two tools,

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Speaker 1: interest rates and money creation. Interest rates are basically gone,

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Speaker 1: they're at zero, their negative whatever, um. But money creations

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Speaker 1: almost kind of gone to we're kind of maxed out

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Speaker 1: on how much money we can create. And really I've

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Speaker 1: been talking about like the Feds really, you know, kind

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Speaker 1: of stuck where like, um, if they keep printing the

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Speaker 1: currencies dies, um if if they pull back like the

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Speaker 1: bond they have to save the bonds with the currency.

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Speaker 1: Right now, like it seems like one or the other. Right,

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Speaker 1: they're trying to keep bond rates from going up too

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Speaker 1: high so they could do the yield curve control. But

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Speaker 1: by printing more currency, they're going to ruin the currency,

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Speaker 1: so like do they streak like? And so they're kind

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Speaker 1: of stuck here. Um, but I heard you say something

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Speaker 1: in an interview that really stuck with me, and I

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Speaker 1: want to get your opinion on this. So it seems

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Speaker 1: like we've heard this since oh eight, kicking the can

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Speaker 1: down the road, right, instead of doing the hard thing,

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Speaker 1: peeling the band aid off or making the hard decisions, today,

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Speaker 1: they keep kicking the can down the road. But you

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Speaker 1: said at one point that maybe they're not trying to

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Speaker 1: save the system, maybe they're just trying to keep the

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Speaker 1: system alive until they're ready to go in a new system.

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Speaker 1: Tell tell us about that. Well, first of all, I

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Speaker 1: just got goose bumps, so it's absolutely accurate. But look,

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Speaker 1: the very foundation of the Fiat system, the government based

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Speaker 1: money system, is inflation, which guarantees loss of value over time.

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Speaker 1: Even though nominally, you know, you had a twenty dollar

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Speaker 1: built ten years ago, you got a twenty dollar built today,

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Speaker 1: it's still a twenty dollar built, so nominally exact, but

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Speaker 1: what it buys you. So, I mean, these guys are smart,

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Speaker 1: they know the system is dying, and so yeah, I

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Speaker 1: I definitely think that kicking the can has been going

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Speaker 1: on since that's not actually something that's new. But I

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Speaker 1: think they know that we're at the end game because

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Speaker 1: every currency, actually everything has a life cycle. I'm definitely

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Speaker 1: at a different point at sixty six than I am

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Speaker 1: at my granddaughter at six years old, and currencies are

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Speaker 1: no different. And really, you know, if you if you

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Speaker 1: look at the monetary velocity chart, what you see is

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Speaker 1: that in the M two, so a little bit broader

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Speaker 1: base of money, it peaked in and so then they

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Speaker 1: did financial engineering and they jury rigged this, and they

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Speaker 1: jury rigged that to create more money in the system,

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Speaker 1: but it still did not increase the speed at which

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Speaker 1: money changes hands. And you know, really good point. All

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Speaker 1: they have left is money printing. And you know, I've

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Speaker 1: been I pay a lot of attention to the monetary

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Speaker 1: velocity chart, and what I'm seeing is that it's declining again.

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Speaker 1: We got a little teeny bump up. I said, we

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Speaker 1: have to see, this has to be pervasive, and it's not.

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Speaker 1: It has not been pervasive. It's the most current graph.

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Speaker 1: I was just looking at it earlier. Today it's declining again.

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Speaker 1: So all of the rule changes. Um, you changing reg D,

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Speaker 1: which they did in again to create that velocity by

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Speaker 1: allowing banks you make a deposit into your account, and

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Speaker 1: I think this is critical for people really to understand.

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Speaker 1: You make a deposit into your account at a bank,

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Speaker 1: they sweep those funds into sub accounts for the bank.

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Speaker 1: They can then use that equity to borrow for their

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Speaker 1: benefit and do anything they want to with it. But

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Speaker 1: really importantly that means they don't have to hold as

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Speaker 1: much in reserve. Okay. Now, currently there is another regime

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Speaker 1: shift that just went to final on I think February

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Speaker 1: one of this year, but they put it in place

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Speaker 1: in March of last year. A change in reg D

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Speaker 1: where savings deposits and money markets, which are considered sticky

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Speaker 1: in other words, you put the money in there and

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Speaker 1: you're going to keep it in there for a long time,

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Speaker 1: have been shift did into the same area as checkable deposits,

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Speaker 1: so you're right to check. So that again reduces the

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Speaker 1: bank's requirement to hold reserves. But what does that really

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Speaker 1: do to the money that you are holding in the

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Speaker 1: bank thinking that it's safe. It makes it less safe.

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Speaker 1: It's more leveraged out for sure. Yeah, especially with everything

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Speaker 1: that's happening with the banks with derivatives, you know, and

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Speaker 1: the and the tools that they've used to hide the

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Speaker 1: value at risk, but your deposits aren't safe. Yeah, yeah,

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Speaker 1: that's interesting. Um, it seems like this whole system, I mean,

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Speaker 1: we're built, as you said, on an inflationary system. It's

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Speaker 1: all artificially. It's a debt based system. And so it

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Speaker 1: seems like I like to I always like to take

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Speaker 1: these very complex subjects and like try to break them

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Speaker 1: down super simple, like first principles. I feel like if

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Speaker 1: I can understand them there, then I can understand at

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Speaker 1: a higher level. And I look at things like natural law,

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Speaker 1: like gravity. I don't care, you know, as I get

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Speaker 1: more money and more technology, I can defy gravity a

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Speaker 1: little bit, but I'm always going to have to, um,

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Speaker 1: you know, be bound by that law. And we have

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Speaker 1: another law that's like um sewing and reaping. We must

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Speaker 1: produce before we consume things like that, and so like um,

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Speaker 1: another natural law I believe is that human ingenuity always

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Speaker 1: leads to deflation. We create a room bus so it

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Speaker 1: sweeps the floor. I don't have to sweep it. Now

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Speaker 1: I wanted a robot so I don't have to clean

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Speaker 1: in the house, like you know what I mean. We

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Speaker 1: I used to buy DVD s and now I stream

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Speaker 1: all my music for my my movies from five bucks

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Speaker 1: a month. So it's like natural deflation. So that's like

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Speaker 1: natural law is like deflationary, but like we live in

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Speaker 1: an inflationary monetary system. That's like fighting against natural laws.

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Speaker 1: And it almost seems like the world or I should say,

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Speaker 1: the markets know this, and they're always trying to de leverage,

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Speaker 1: and then the FED keeps trying to pump it back up. Well,

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Speaker 1: I would say that that's really, um, really a good

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Speaker 1: and accurate assessment, because inflation and deflation. You know, people

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Speaker 1: think they're two different things, but they're really not. They're

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Speaker 1: just the flip side of the same coin. And the

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Speaker 1: only way that you can fight deflation is with inflation.

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Speaker 1: And at the end of the day, when you look

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Speaker 1: at what they're doing, whether we go to negative rates,

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Speaker 1: which would really be hyper deflationary, right, you're gonna go

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Speaker 1: out and spend if it's visible to you that the

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Speaker 1: balance in your bank account is going down and you

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Speaker 1: know you're not spending any money just because of the

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Speaker 1: negative rates, So that will encourage you to go out

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Speaker 1: and buy anything that you think is going to hold

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Speaker 1: its value better. And the same thing happens in hyperinflation,

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Speaker 1: where you see the value declining because the price in

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Speaker 1: nominal terms is going up so rapidly. So you're gonna

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Speaker 1: push again that consumption forward. So you know when I

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Speaker 1: get that question, I get that question a lot. Well,

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Speaker 1: what about deflation versus it's really at the end of

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Speaker 1: the day, it's going to both of them are going

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Speaker 1: to push the consumers to consume, to just attempt to

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Speaker 1: maintain value because the dollars don't or the euros, or

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Speaker 1: the end or any government money by design, it does not,

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Speaker 1: but it does enable that massive amount of income and

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Speaker 1: wealth and equality, which is something else that has become

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Speaker 1: very very visible to most people. And I don't know,

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Speaker 1: maybe create a revolution, maybe there's a revolution that's already started.

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Speaker 1: You know, I don't think they understood what they were

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Speaker 1: fighting for and occupy Wall Street after acial crisis that

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Speaker 1: happened in two thousand and seven and eight. They don't

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Speaker 1: understand it. Yeah, they don't know. They didn't understand it,

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Speaker 1: so they didn't really have a foundation. I don't know

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Speaker 1: that people really fully understand it now. But I think

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Speaker 1: I think more do going back to your bitcoin. Yeah.

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Speaker 1: Well A good point of this is I just I

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Speaker 1: just did a video on YouTube, I think yesterday, and

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Speaker 1: I talked about UM. I was talking about how Wall

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Speaker 1: Street and institutions have started taking over rental real estate

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Speaker 1: across the company. And then I turned it into a

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Speaker 1: Twitter thread, and um, I got all these comments and

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Speaker 1: some people were like, we need to make this illegal.

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Speaker 1: We need to make it where institutions can't buy no, no,

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Speaker 1: investors should build to buy single family homes and all

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Speaker 1: those things. And I'm like, look, that's not the problem.

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Speaker 1: The problem is there's a money printer, and the money

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Speaker 1: printer is giving it to the banks and they're getting

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Speaker 1: free money and buying this up. Shut the money printer off.

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Speaker 1: And so I think that's exactly what we're saying here,

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Speaker 1: Like people see the problem like, wow, the American dream,

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Speaker 1: it's the great American real estate heights. That's what I

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Speaker 1: called it. Um. But I watched that video. It was excellent,

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Speaker 1: by the way, Okay, thank you, UM. But but it's

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Speaker 1: it's not about making new laws turn the money printer off, right, right,

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Speaker 1: you know That's what I said, that they don't change

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Speaker 1: behavior they just change the rules that make that okay

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Speaker 1: legal hidden what have you. The financial engineering. Yeah, the problem.

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Speaker 1: The problem are the people at the top that created

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Speaker 1: this system that is specifically designed to have just a few.

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Speaker 1: I mean, it's kind of like we're going back to

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Speaker 1: the feudal system. Just have a few at the top

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Speaker 1: that own everything. Hey, you will own you will own nothing,

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Speaker 1: and you will be happy. Yeah, so happy, so happy,

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Speaker 1: and gets who gets to dictate everything? But yes, and

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Speaker 1: we saw that right after two and eight. Yeah, and

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Speaker 1: that's some corporations, Blackstone Estate, and that's exactly that's exactly right.

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Speaker 1: It goes back to a feudal system where the surf

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Speaker 1: just rent the l end right from from those. So

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Speaker 1: that's that's that's a that's a good segue. So let's

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Speaker 1: go ahead and transition into that. Obviously, the own nothing,

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Speaker 1: be happy, great, reset, currency, reset, you know, whatever we

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Speaker 1: want to call those things. Um, it seems that the NGOs,

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Speaker 1: the three letter organizations, they have this agenda for us.

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Speaker 1: Um one that I'm not happy and I'm not going

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Speaker 1: to be content with letting happen, so I've been working

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Speaker 1: against that. But um, they have this agenda of of

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Speaker 1: own nothing, and be happy, which means, of course, well,

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Speaker 1: if we don't own anything, then who owns it? Right?

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Speaker 1: We just talked about that, that serfdom um and this

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Speaker 1: currency reset that's kind of happening, and it seems like

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Speaker 1: through these booms and bus we get these wealth transfers.

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Speaker 1: So that's what I made the case in that video. Hey,

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Speaker 1: they suck everybody into real estate and then they crash

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Speaker 1: it and then the bank's own it. Um, And maybe

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Speaker 1: that's kind of the way that we get to that

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Speaker 1: right uh maybe right right now, the stock markets sucking

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Speaker 1: everybody in at all time highs. Everybody's bailing the currency

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Speaker 1: to get into stocks. But then what happens when that crashes? Um?

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Speaker 1: What do you see as like I mean you said,

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Speaker 1: and again I asked you that question, like maybe they're

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Speaker 1: not trying to save it, they're trying to wait until

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Speaker 1: it's ready, um, so ready for what? Like what do

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Speaker 1: you think the plan is or how does this kind

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Speaker 1: of unfold? Is it crashing the markets where people lose

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Speaker 1: everything and then they're forced to rent and then they

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Speaker 1: introduce a new form of money. Do you have like

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Speaker 1: a kind of a working thesis on that? Well, you know,

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Speaker 1: absolutely never let a good crisis go to waste, right,

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Speaker 1: And I think that they've taken the pandemic. You know,

428
00:23:35,440 --> 00:23:38,160
Speaker 1: I hesitated only because I've read a lot of the

429
00:23:38,200 --> 00:23:41,960
Speaker 1: Wuhan lab notes. Yeah, so they've known about it for

430
00:23:42,000 --> 00:23:44,480
Speaker 1: a long time. But it and and we're on YouTube,

431
00:23:44,480 --> 00:23:50,680
Speaker 1: so right right, So, but but they've taken that opportunity

432
00:23:50,760 --> 00:23:54,199
Speaker 1: to squash a lot of the revolutions that started, you know,

433
00:23:54,320 --> 00:23:57,639
Speaker 1: right around the Great Recession when the income and wealth

434
00:23:57,680 --> 00:24:02,119
Speaker 1: and equality really occurred. So just interrupt, interrupt you. I

435
00:24:02,119 --> 00:24:03,760
Speaker 1: hate to interrupt you. But for most people, they don't

436
00:24:03,760 --> 00:24:07,280
Speaker 1: know before that happened. I believe there was eight countries

437
00:24:07,520 --> 00:24:10,520
Speaker 1: in the world with like a million people each marching

438
00:24:11,320 --> 00:24:15,480
Speaker 1: and then it was gone exactly. So you know, we

439
00:24:15,680 --> 00:24:19,680
Speaker 1: use they they use these crisis We can use them too.

440
00:24:20,200 --> 00:24:23,840
Speaker 1: But they use this crisis to transfer the wealth because

441
00:24:24,080 --> 00:24:27,119
Speaker 1: who's going to complain if they can get you to volunteer,

442
00:24:27,200 --> 00:24:29,560
Speaker 1: which is what we're seeing in the stock market right

443
00:24:29,600 --> 00:24:32,439
Speaker 1: and the real estate market to some degree, because there

444
00:24:32,440 --> 00:24:36,119
Speaker 1: are people that are bidding up individuals that are you know,

445
00:24:36,160 --> 00:24:42,679
Speaker 1: paying way above market current market which is inflated anyway. Um,

446
00:24:42,720 --> 00:24:47,480
Speaker 1: But what I see is a huge crisis, then everybody

447
00:24:47,520 --> 00:24:50,240
Speaker 1: going help me, help me, help me, and then they

448
00:24:50,280 --> 00:24:54,520
Speaker 1: agree to whatever they have to agree to to survive.

449
00:24:54,680 --> 00:24:57,840
Speaker 1: So I definitely see U B I coming in universal

450
00:24:57,840 --> 00:25:02,560
Speaker 1: basic income because the whole entire your social structure is changing.

451
00:25:02,920 --> 00:25:05,800
Speaker 1: I mean, it absolutely is, and I think we've already

452
00:25:05,840 --> 00:25:10,080
Speaker 1: begun that transition to it. But they've built a consumer

453
00:25:10,240 --> 00:25:15,600
Speaker 1: driven economy, so the consumers have to consume. I just

454
00:25:15,720 --> 00:25:19,240
Speaker 1: looked at it again this morning. We have right now

455
00:25:19,480 --> 00:25:22,920
Speaker 1: a savings rate of about twenty seven I think it's

456
00:25:22,920 --> 00:25:28,159
Speaker 1: twenty seven point three percent right now. Before the Great Recession,

457
00:25:28,720 --> 00:25:31,879
Speaker 1: it was the lowest that it had been going all

458
00:25:31,960 --> 00:25:34,800
Speaker 1: the way back to when they started tracking it. Now

459
00:25:35,000 --> 00:25:38,720
Speaker 1: it's really high because of all of this money, that

460
00:25:38,960 --> 00:25:44,080
Speaker 1: taxpayer money, I might say, that is being given away,

461
00:25:44,200 --> 00:25:48,160
Speaker 1: and you know necessarily, I mean they couldn't. They couldn't

462
00:25:48,160 --> 00:25:50,480
Speaker 1: do what they did in two thousand and eight in

463
00:25:51,480 --> 00:25:54,600
Speaker 1: by giving it just to the banks and the upper echelon.

464
00:25:55,200 --> 00:25:58,399
Speaker 1: So they had to spread that out so people feel

465
00:25:58,440 --> 00:26:02,280
Speaker 1: like they're getting something. But I'm hearing lots of stories

466
00:26:02,359 --> 00:26:07,520
Speaker 1: about businesses having trouble hiring because of all of those

467
00:26:07,560 --> 00:26:12,879
Speaker 1: added benefits. It would cost them more too, uh go

468
00:26:12,960 --> 00:26:15,439
Speaker 1: to work than it does to stay home and collect

469
00:26:15,440 --> 00:26:19,200
Speaker 1: the benefits. So you know, I see lots of free

470
00:26:19,240 --> 00:26:23,120
Speaker 1: lunches so that people go along and they don't revolt

471
00:26:23,200 --> 00:26:27,080
Speaker 1: against it. And I also see you know, I think

472
00:26:27,200 --> 00:26:31,800
Speaker 1: right now is like a twenty nine twenties position. You know,

473
00:26:31,920 --> 00:26:34,399
Speaker 1: don't worry, be happy because of all of the money

474
00:26:34,440 --> 00:26:38,480
Speaker 1: printing as they were kicking off this whole system, and

475
00:26:38,920 --> 00:26:42,240
Speaker 1: that that's where we are. So ultimately there will be

476
00:26:42,280 --> 00:26:45,320
Speaker 1: a crash because they need to have that crash when

477
00:26:45,359 --> 00:26:49,359
Speaker 1: they take that money, spick it away, um, and then

478
00:26:49,720 --> 00:26:52,560
Speaker 1: people will accept. I mean, I hope this is not true.

479
00:26:52,760 --> 00:26:55,080
Speaker 1: I really hope this is not true. That's what your

480
00:26:55,119 --> 00:26:58,120
Speaker 1: work is about. That's what my work is about. But

481
00:26:58,840 --> 00:27:02,399
Speaker 1: for most p bull not paying any attention at all

482
00:27:02,920 --> 00:27:06,600
Speaker 1: and thinking things are just normal. Well, we're about to

483
00:27:06,600 --> 00:27:11,320
Speaker 1: see a major rash of inflation that is transitory, but

484
00:27:11,400 --> 00:27:18,280
Speaker 1: amition is never really transitory. Can vary, but it's constantly

485
00:27:18,359 --> 00:27:21,760
Speaker 1: eroding the value that you and I work for, the

486
00:27:21,800 --> 00:27:26,760
Speaker 1: purchasing power value. That's why I convert any excess into

487
00:27:26,800 --> 00:27:29,879
Speaker 1: gold and into silver immediately so that I'm back on

488
00:27:29,960 --> 00:27:33,960
Speaker 1: that gold standard. Hey, sorry to interrupt this video just

489
00:27:34,040 --> 00:27:36,479
Speaker 1: one more time. I'm not running Google ads, so it's

490
00:27:36,520 --> 00:27:38,840
Speaker 1: actually way less interruption than I normally would have on

491
00:27:38,880 --> 00:27:41,399
Speaker 1: a video. UM and that's because it's sponsored by block

492
00:27:41,440 --> 00:27:44,920
Speaker 1: five UM. They are opening up the world of bitcoin

493
00:27:44,960 --> 00:27:48,640
Speaker 1: and financial products offering to pay you interest on your bitcoin.

494
00:27:49,040 --> 00:27:51,000
Speaker 1: Um better than own in a rental property that you

495
00:27:51,040 --> 00:27:52,840
Speaker 1: have to manage and control and have the risks. You

496
00:27:52,840 --> 00:27:55,280
Speaker 1: can just earn interest on it, or you can leverage

497
00:27:55,280 --> 00:27:58,119
Speaker 1: against it. Now, I plan to hold my bitcoin forever

498
00:27:58,200 --> 00:28:01,080
Speaker 1: and literally never sell my bitcoin. So how do you

499
00:28:01,119 --> 00:28:03,400
Speaker 1: do that? Well, if I need money, I don't want

500
00:28:03,400 --> 00:28:05,360
Speaker 1: to sell that bitcoin. I'm gonna pay tax on it,

501
00:28:05,640 --> 00:28:07,359
Speaker 1: all right, I'm gonna end up with less, and I

502
00:28:07,359 --> 00:28:09,720
Speaker 1: don't have the bitcoin anymore. So a better way to

503
00:28:09,760 --> 00:28:12,440
Speaker 1: do it is to borrow against the bitcoin. So I've

504
00:28:12,480 --> 00:28:14,560
Speaker 1: put all my money into bitcoin. If I want to

505
00:28:14,560 --> 00:28:16,359
Speaker 1: buy a car, or I want to buy a house,

506
00:28:16,480 --> 00:28:20,080
Speaker 1: I can borrow against it at very very low competitive rates.

507
00:28:20,240 --> 00:28:22,240
Speaker 1: Get my house, get my car, whatever that may be,

508
00:28:22,440 --> 00:28:24,880
Speaker 1: and get to keep the bitcoin. I've done a whole

509
00:28:24,920 --> 00:28:27,240
Speaker 1: video on this. You can find it. I'll link it

510
00:28:27,240 --> 00:28:29,440
Speaker 1: down to the description below. How to retire off a

511
00:28:29,440 --> 00:28:31,840
Speaker 1: bitcoin without paying taxes, and you can do that with

512
00:28:32,000 --> 00:28:34,480
Speaker 1: block fight services. A link to the video down below.

513
00:28:34,480 --> 00:28:36,040
Speaker 1: I'm also going to put a link to block fight.

514
00:28:36,119 --> 00:28:37,760
Speaker 1: If you choose to click on that link to check

515
00:28:37,800 --> 00:28:39,920
Speaker 1: them out, you can earn up to two fifty dollars

516
00:28:40,120 --> 00:28:42,480
Speaker 1: in free bitcoin just for using that link. And that's it.

517
00:28:42,560 --> 00:28:44,520
Speaker 1: Let's go ahead and get back to the interview. I

518
00:28:44,560 --> 00:28:47,440
Speaker 1: don't mind the restrictions. I kind of like them. Yeah,

519
00:28:47,720 --> 00:28:50,600
Speaker 1: now I want to talk about this. You you studied,

520
00:28:50,720 --> 00:28:54,960
Speaker 1: uh currency cycles, and I believe there's a new currency.

521
00:28:55,200 --> 00:28:57,920
Speaker 1: I made a video I called it the Secret Money Layer,

522
00:28:58,360 --> 00:29:01,000
Speaker 1: and uh, I'm talking about the I M right. Um,

523
00:29:01,040 --> 00:29:04,040
Speaker 1: before we get into that, though, you you brought up derivatives,

524
00:29:04,560 --> 00:29:07,000
Speaker 1: and I watched a video from you, I think months ago,

525
00:29:07,600 --> 00:29:11,480
Speaker 1: and you were talking about, um, a reset of the

526
00:29:11,520 --> 00:29:17,040
Speaker 1: derivatives market or or shifting the index, the libor index

527
00:29:17,640 --> 00:29:22,240
Speaker 1: over into the software index, and how that's an unknown

528
00:29:22,240 --> 00:29:28,000
Speaker 1: amount of money, a quadrillion dollars potentially whatever even that means, whatever,

529
00:29:28,080 --> 00:29:32,680
Speaker 1: whatever even that means, and uh, like anything could go wrong, right,

530
00:29:32,720 --> 00:29:34,400
Speaker 1: we don't know, and and if it does, I mean

531
00:29:34,440 --> 00:29:37,360
Speaker 1: that that's a quadrillion dollars that could like crashed and

532
00:29:37,440 --> 00:29:40,240
Speaker 1: they were working on a test, and then like things

533
00:29:40,320 --> 00:29:43,560
Speaker 1: kind of went dark on that. What phill Us in

534
00:29:43,600 --> 00:29:47,440
Speaker 1: on that a little bit, Well, last October, you know,

535
00:29:47,520 --> 00:29:51,480
Speaker 1: the the originally the end date for the libar, which

536
00:29:51,560 --> 00:29:55,520
Speaker 1: is an interest rate index against which all contracts have

537
00:29:55,680 --> 00:29:59,680
Speaker 1: been well, the eyeboars have been written, and last August

538
00:29:59,760 --> 00:30:03,960
Speaker 1: the number was nominal number was six forty trillion, which

539
00:30:04,000 --> 00:30:08,479
Speaker 1: means nobody knows the true value at risk. It just

540
00:30:08,760 --> 00:30:13,920
Speaker 1: what they agreed the contracts were worth. And but it

541
00:30:14,040 --> 00:30:17,760
Speaker 1: once it was leaked that this was a stated number,

542
00:30:18,080 --> 00:30:22,200
Speaker 1: so that was during the Great Financial Crisis. Well, then

543
00:30:22,240 --> 00:30:25,440
Speaker 1: they had to change that. So they ran a test

544
00:30:25,640 --> 00:30:30,040
Speaker 1: in this country on eighty trillion of those derivative contracts

545
00:30:30,080 --> 00:30:34,000
Speaker 1: to convert them into SOFA, which is the new benchmark

546
00:30:34,080 --> 00:30:37,480
Speaker 1: that the US Federal Reserve has created, other central banks

547
00:30:37,480 --> 00:30:41,520
Speaker 1: have created some other ones. And and like you said,

548
00:30:41,560 --> 00:30:44,480
Speaker 1: it went dark. There was absolutely no mention of it.

549
00:30:44,760 --> 00:30:48,040
Speaker 1: And then about three weeks ish something like that, they

550
00:30:48,080 --> 00:30:51,440
Speaker 1: came out and said, well, we're gonna postpone this until

551
00:30:52,440 --> 00:30:58,360
Speaker 1: three which is interestingly enough and coincidentally enough, the same

552
00:30:59,080 --> 00:31:04,760
Speaker 1: date that the FED anticipates having the fed coin ready

553
00:31:04,840 --> 00:31:09,280
Speaker 1: for distribution. So I think they did the test. I

554
00:31:09,320 --> 00:31:13,800
Speaker 1: think the test failed, and so they had to try

555
00:31:13,800 --> 00:31:16,640
Speaker 1: to buy more time. But it's a big experiment because

556
00:31:16,680 --> 00:31:20,640
Speaker 1: it's never been done before. Yeah, and and one wrong

557
00:31:20,720 --> 00:31:23,400
Speaker 1: move could trigger the biggest crash we've ever seen in

558
00:31:23,440 --> 00:31:28,840
Speaker 1: the history of mankind. And it could just be an accident, Yes, exactly.

559
00:31:28,920 --> 00:31:31,800
Speaker 1: I mean, you know, just look at I think two

560
00:31:31,800 --> 00:31:36,200
Speaker 1: thousand and eight was just a little taste of what

561
00:31:36,280 --> 00:31:39,880
Speaker 1: we have in the future to the destruction of the

562
00:31:40,120 --> 00:31:44,680
Speaker 1: entire current system. Justification then, because you never let a

563
00:31:44,720 --> 00:31:48,600
Speaker 1: good crisis go to waste. For all the new systems

564
00:31:48,680 --> 00:31:51,040
Speaker 1: that they're wanting to put in place. But if we

565
00:31:51,080 --> 00:31:54,400
Speaker 1: have the same people running the new systems as the

566
00:31:54,440 --> 00:31:57,840
Speaker 1: old systems, then you have to wonder whose benefit they

567
00:31:57,840 --> 00:32:00,280
Speaker 1: will be run for because it's not going into b

568
00:32:00,440 --> 00:32:03,920
Speaker 1: or is some mind? Yeah? Now, um, going back now,

569
00:32:03,960 --> 00:32:06,680
Speaker 1: switching back to that currency a little bit. So we

570
00:32:06,760 --> 00:32:09,480
Speaker 1: have obviously, you know, the the US dollar reserve currency

571
00:32:09,520 --> 00:32:12,280
Speaker 1: of the world meeting the end of its life cycles

572
00:32:12,400 --> 00:32:16,480
Speaker 1: as you're saying, um, and and and the FED running

573
00:32:16,480 --> 00:32:20,520
Speaker 1: out of tools left what to do. Um, but a

574
00:32:20,560 --> 00:32:22,400
Speaker 1: lot of people, I mean, I'm sure you're familiar with

575
00:32:22,400 --> 00:32:26,560
Speaker 1: with the Triffins Triffin's dilemma, and maybe having the reserve

576
00:32:26,600 --> 00:32:29,080
Speaker 1: currency of the world isn't such a good thing, especially

577
00:32:29,080 --> 00:32:31,400
Speaker 1: for the American people. It benefited for a little while,

578
00:32:31,440 --> 00:32:33,840
Speaker 1: probably got us through the eighties, but right now it

579
00:32:33,880 --> 00:32:36,480
Speaker 1: seems to be actually the weight around our neck pulling

580
00:32:36,520 --> 00:32:39,120
Speaker 1: us to the bottom of the ocean. Um. And so

581
00:32:39,280 --> 00:32:42,280
Speaker 1: maybe getting and we see the world is de dollarizing.

582
00:32:42,320 --> 00:32:44,120
Speaker 1: I mean it's been de dollarizing pretty fast at a

583
00:32:44,200 --> 00:32:46,640
Speaker 1: rapid rate right now between Russia, China, Iran, et cetera,

584
00:32:46,720 --> 00:32:51,200
Speaker 1: Golden oil um. So it's de dedollarizing really quickly. Um.

585
00:32:51,280 --> 00:32:53,560
Speaker 1: And then we have this I m F s DR

586
00:32:53,760 --> 00:32:59,640
Speaker 1: thing starting a six fifty billion dollar SDR allocation um,

587
00:32:59,800 --> 00:33:02,520
Speaker 1: Like is do you see? And I think that benefits China.

588
00:33:02,600 --> 00:33:05,360
Speaker 1: I think China probably benefits from going to a SDR

589
00:33:05,440 --> 00:33:08,160
Speaker 1: and they're probably working with the I m F. UM.

590
00:33:08,280 --> 00:33:11,000
Speaker 1: Do you think there's a sort of maybe a transfer

591
00:33:11,080 --> 00:33:14,440
Speaker 1: from the US dollar reserve currency over to like an

592
00:33:14,440 --> 00:33:17,120
Speaker 1: I m F SDR basket in the near future or

593
00:33:17,200 --> 00:33:19,959
Speaker 1: in the future. That is exactly what I've been talking

594
00:33:19,960 --> 00:33:23,440
Speaker 1: about since two thousand and nine. And China was actually

595
00:33:23,440 --> 00:33:25,160
Speaker 1: the first one to bring it up and say what

596
00:33:25,240 --> 00:33:28,800
Speaker 1: about the SDR. And the SDR was created to take

597
00:33:28,920 --> 00:33:31,880
Speaker 1: over back in sixty nine to take over as the

598
00:33:32,000 --> 00:33:36,320
Speaker 1: world reserve currency from the US dollar. So yeah, they

599
00:33:36,360 --> 00:33:39,400
Speaker 1: have a substitution fund that is set up so if

600
00:33:39,400 --> 00:33:43,120
Speaker 1: you're holding any dollar denominated assets, you just deposit them

601
00:33:43,120 --> 00:33:46,440
Speaker 1: in there. And then at least in theory, the I

602
00:33:46,680 --> 00:33:49,840
Speaker 1: m f can regulate the speed at which the dollars

603
00:33:49,880 --> 00:33:53,880
Speaker 1: come back to the US. So can it keep inflation,

604
00:33:55,160 --> 00:33:59,040
Speaker 1: you know, at bay or at a reasonable level so

605
00:33:59,080 --> 00:34:02,760
Speaker 1: that people don't realize what's happening. But I definitely the

606
00:34:02,880 --> 00:34:07,320
Speaker 1: SDR makes sense to be the world reserve currency run

607
00:34:07,320 --> 00:34:10,440
Speaker 1: by the I m f M. I'm not saying I

608
00:34:10,560 --> 00:34:13,080
Speaker 1: like this, mind you, but I'm just saying it really

609
00:34:13,200 --> 00:34:17,080
Speaker 1: is logical because it's a basket of currencies, and they

610
00:34:17,080 --> 00:34:21,480
Speaker 1: can expand that basket to include every currency in the

611
00:34:21,520 --> 00:34:23,239
Speaker 1: world if they want to. I mean, we've got a

612
00:34:23,320 --> 00:34:26,360
Speaker 1: hundred and eighty nine members. They are hundred and nineties countries,

613
00:34:26,880 --> 00:34:30,200
Speaker 1: so you know, um, so therefore you could have a

614
00:34:30,239 --> 00:34:34,319
Speaker 1: global currency, the SDR, and then you could have that

615
00:34:34,560 --> 00:34:40,280
Speaker 1: easily translate into local currencies. But the other part of that,

616
00:34:40,520 --> 00:34:45,080
Speaker 1: and in this new digital world revolution that we're going into.

617
00:34:45,880 --> 00:34:48,640
Speaker 1: The goal is really and I mean it's a double

618
00:34:48,719 --> 00:34:52,239
Speaker 1: edged sword. The goal is to hold title to all

619
00:34:52,400 --> 00:35:00,160
Speaker 1: wealth on these transferable and you know coins that can

620
00:35:00,239 --> 00:35:03,000
Speaker 1: also travel around the world. So if you have equity

621
00:35:03,000 --> 00:35:06,360
Speaker 1: in your house, for example, and we go through another

622
00:35:06,920 --> 00:35:10,400
Speaker 1: crash in the real estate market and people are desperate

623
00:35:10,440 --> 00:35:12,680
Speaker 1: like they were back in two thousand and eight and

624
00:35:12,760 --> 00:35:17,839
Speaker 1: accepted really crappy terms, um, you know, then maybe one

625
00:35:17,920 --> 00:35:20,440
Speaker 1: of those terms is that we'll okay, we'll give this

626
00:35:20,520 --> 00:35:23,480
Speaker 1: to you, but you have to hold title on these coins.

627
00:35:23,760 --> 00:35:27,040
Speaker 1: And by the way, they're all broken down into dollar amounts.

628
00:35:27,080 --> 00:35:29,120
Speaker 1: So now and this is from the I m F,

629
00:35:29,200 --> 00:35:31,200
Speaker 1: that's not from me. So now you can go to

630
00:35:31,280 --> 00:35:36,440
Speaker 1: the mall and you can see that that suit that

631
00:35:36,520 --> 00:35:39,640
Speaker 1: you want or something that you want. Because we're thought

632
00:35:39,680 --> 00:35:43,800
Speaker 1: to we're taught to think short term and spend your equity,

633
00:35:43,880 --> 00:35:47,359
Speaker 1: and somebody in China or elsewhere in the world can

634
00:35:47,440 --> 00:35:51,280
Speaker 1: easily own the equity in your house. And if you've

635
00:35:51,360 --> 00:35:57,279
Speaker 1: chosen to spend it, who A, you're gonna blame so

636
00:35:58,200 --> 00:36:01,520
Speaker 1: um and and all of that would be under the

637
00:36:01,560 --> 00:36:05,000
Speaker 1: control of the I m F, which are Treasury secretaries

638
00:36:05,239 --> 00:36:10,239
Speaker 1: and central bank chiefs, unelected officials that I don't even

639
00:36:10,239 --> 00:36:13,440
Speaker 1: have to pay taxes anywhere, Yeah, because they're part of

640
00:36:13,480 --> 00:36:17,359
Speaker 1: the I m F. Yeah, it seems like maybe one

641
00:36:17,400 --> 00:36:20,080
Speaker 1: of these these game plans would be as well. Where like,

642
00:36:20,400 --> 00:36:23,680
Speaker 1: you know, banking is sort of sent decentralized in a

643
00:36:23,719 --> 00:36:26,560
Speaker 1: sense where I have my local bank and regional banks

644
00:36:26,560 --> 00:36:29,040
Speaker 1: and commercial banks and they all work under the Federal Reserve,

645
00:36:29,040 --> 00:36:32,799
Speaker 1: which is a US bank, and then other countries have

646
00:36:33,040 --> 00:36:35,719
Speaker 1: the same set kind of set up with a central bank, um,

647
00:36:35,760 --> 00:36:37,000
Speaker 1: and then we have the B I S or the

648
00:36:37,000 --> 00:36:38,879
Speaker 1: I m F above that kind of the central bank

649
00:36:38,920 --> 00:36:41,399
Speaker 1: above central banks. So it's like this the stack, right,

650
00:36:41,800 --> 00:36:45,480
Speaker 1: And you know, I go to my local bank and say, hey,

651
00:36:45,520 --> 00:36:48,000
Speaker 1: I want to set up an avocado stand, and he's like, Mark,

652
00:36:48,400 --> 00:36:50,600
Speaker 1: avocados don't grow here. That's a stupid idea. I'm not

653
00:36:50,600 --> 00:36:52,600
Speaker 1: going to loan you the money. Or that's a great idea.

654
00:36:53,120 --> 00:36:55,320
Speaker 1: And so there's kind of like that local knowledge and

655
00:36:55,320 --> 00:36:58,479
Speaker 1: and that's that decentralization, right. But the central bank digital

656
00:36:58,520 --> 00:37:01,600
Speaker 1: currency allows the central bank to basically send money directly

657
00:37:01,640 --> 00:37:04,799
Speaker 1: to the depositor, and so you could you could go

658
00:37:04,920 --> 00:37:06,880
Speaker 1: in theory. I think this is what you're saying, the

659
00:37:07,000 --> 00:37:10,840
Speaker 1: I m F could issue a SDR CBDC directly to

660
00:37:11,000 --> 00:37:15,759
Speaker 1: me bypassing the whole stack, getting rid of that. Is

661
00:37:15,800 --> 00:37:18,320
Speaker 1: that kind of what you were saying or you're seeing, Well,

662
00:37:18,360 --> 00:37:21,280
Speaker 1: then they definitely could do that, and they're definitely talking

663
00:37:21,320 --> 00:37:24,600
Speaker 1: about doing that. Um. I think what they're trying to

664
00:37:24,640 --> 00:37:28,080
Speaker 1: figure out right now. Like your local bank or your

665
00:37:28,120 --> 00:37:31,839
Speaker 1: regional or wherever you bank, you have a sticky relationship

666
00:37:31,920 --> 00:37:33,800
Speaker 1: with them. I mean, you don't go and change banks

667
00:37:33,840 --> 00:37:36,839
Speaker 1: all the time, and so they kind of know who

668
00:37:36,960 --> 00:37:42,279
Speaker 1: you are with the technology, they know your habits. The

669
00:37:42,360 --> 00:37:46,799
Speaker 1: central bank unless these two merge the scent and and

670
00:37:47,200 --> 00:37:50,480
Speaker 1: they're under the auspices of the central bank, they don't

671
00:37:50,600 --> 00:37:52,279
Speaker 1: They don't know who you are and they don't know

672
00:37:52,280 --> 00:37:55,319
Speaker 1: what your habits are. But they need all of that information,

673
00:37:55,719 --> 00:38:00,719
Speaker 1: which they'll get. They will, they will definitely get the information.

674
00:38:01,520 --> 00:38:05,279
Speaker 1: And and therefore, you know, for governments, they love it

675
00:38:05,360 --> 00:38:08,960
Speaker 1: because hey, they can do lifetime taxes, right, they can

676
00:38:09,000 --> 00:38:12,600
Speaker 1: just follow that whole string. But the central banks then

677
00:38:12,719 --> 00:38:18,279
Speaker 1: have immediate control of your of their policy and to

678
00:38:18,360 --> 00:38:21,520
Speaker 1: know whether or not that policy is working and if

679
00:38:21,520 --> 00:38:24,360
Speaker 1: they want you to consume. They just push those interest

680
00:38:24,480 --> 00:38:29,600
Speaker 1: rates deeper into negative territory and inspire that. So while

681
00:38:29,680 --> 00:38:33,839
Speaker 1: they can go direct to consumer, I think it's a

682
00:38:33,880 --> 00:38:36,680
Speaker 1: little bit more challenging for them to do that, to

683
00:38:36,800 --> 00:38:39,880
Speaker 1: have all of the data, you know, I mean, what

684
00:38:39,920 --> 00:38:42,480
Speaker 1: would they do absorb all of the data. I mean,

685
00:38:42,480 --> 00:38:47,400
Speaker 1: you're seeing the mergers between thin tech and traditional banking.

686
00:38:47,600 --> 00:38:50,480
Speaker 1: We've been watching that for a while because of those

687
00:38:50,480 --> 00:38:54,239
Speaker 1: two dynamics. The banks have the long term sticky relationship,

688
00:38:54,719 --> 00:38:59,799
Speaker 1: but the internet companies have all the data and no no,

689
00:39:00,040 --> 00:39:04,200
Speaker 1: all your habits. So bringing those two together is really powerful.

690
00:39:04,560 --> 00:39:06,960
Speaker 1: You layer on the five G and and the AI

691
00:39:07,160 --> 00:39:08,920
Speaker 1: and next thing you know, they have all the data

692
00:39:08,920 --> 00:39:10,480
Speaker 1: and they can sift through it and sort it all.

693
00:39:10,520 --> 00:39:13,840
Speaker 1: You know. Ah, man, that's a lot of stuff, and

694
00:39:13,880 --> 00:39:16,759
Speaker 1: it's a it's a scary world. I think. Uh. One

695
00:39:16,800 --> 00:39:18,520
Speaker 1: thing you had started out in the beginning and you

696
00:39:18,560 --> 00:39:23,600
Speaker 1: talked about, um, you study currency cycles, and then you

697
00:39:23,640 --> 00:39:27,720
Speaker 1: mentioned social economic and financial system. I have this working

698
00:39:27,760 --> 00:39:30,920
Speaker 1: thesis I'm working on about cycles converging, and I'm looking

699
00:39:30,960 --> 00:39:33,320
Speaker 1: at them. I like to always pull history into my

700
00:39:33,320 --> 00:39:37,400
Speaker 1: my videos because I love I love the historical lessons

701
00:39:37,400 --> 00:39:40,120
Speaker 1: there and I've been looking at like a like a

702
00:39:40,200 --> 00:39:44,239
Speaker 1: political cycles, economic cycles, and technology cycles, and like it's

703
00:39:44,239 --> 00:39:48,640
Speaker 1: interesting how they're all converging right now. UM. One of

704
00:39:49,520 --> 00:39:54,080
Speaker 1: in the political or societal cycles, UM, one of them.

705
00:39:54,480 --> 00:39:57,000
Speaker 1: There's several of them that are in that bucket. One

706
00:39:57,040 --> 00:39:59,479
Speaker 1: of them might be like the fourth turning, UM, where

707
00:39:59,520 --> 00:40:01,400
Speaker 1: like every years you kind of have the cycle. And

708
00:40:01,400 --> 00:40:03,600
Speaker 1: in that fourth turning, which a lot of people think

709
00:40:03,600 --> 00:40:06,920
Speaker 1: we're there right now, we see massive change happening in

710
00:40:06,920 --> 00:40:09,320
Speaker 1: a very short amount of time. And so it seems

711
00:40:09,360 --> 00:40:11,600
Speaker 1: like that's kind of what we have this decade. Here

712
00:40:11,640 --> 00:40:13,160
Speaker 1: we are, you know, one year in the decade and

713
00:40:13,160 --> 00:40:15,799
Speaker 1: by nine years from now, you want nothing to be happy. UM.

714
00:40:15,880 --> 00:40:18,719
Speaker 1: We do know that there's massive change in front of us,

715
00:40:18,800 --> 00:40:23,160
Speaker 1: and the the NGOs, the non not elected, the elites

716
00:40:23,280 --> 00:40:26,480
Speaker 1: have one you know path for us. Hopefully we have

717
00:40:26,560 --> 00:40:28,840
Speaker 1: a different path, UM, and we know we know that

718
00:40:28,880 --> 00:40:30,880
Speaker 1: it's going to be turbulent, whatever is going to happen.

719
00:40:31,280 --> 00:40:34,799
Speaker 1: So I'm curious what your kind of thoughts of your

720
00:40:34,880 --> 00:40:38,040
Speaker 1: game plan are for that. UM. I heard you earlier

721
00:40:38,320 --> 00:40:40,440
Speaker 1: talking about I think it was with our our mutual

722
00:40:40,440 --> 00:40:44,440
Speaker 1: friend Jake, UM kind of talking about maybe you know,

723
00:40:44,520 --> 00:40:46,319
Speaker 1: taking some of your wealth, which I think you're kind

724
00:40:46,320 --> 00:40:49,239
Speaker 1: of storing in this hard assets, maybe putting some into

725
00:40:49,280 --> 00:40:51,880
Speaker 1: cash flow assets, trying to kind of time that at

726
00:40:51,880 --> 00:40:54,680
Speaker 1: different stages. Maybe could you walk us through some of

727
00:40:54,680 --> 00:40:58,280
Speaker 1: that what you're thinking, absolutely, because looking at the cycles,

728
00:40:58,280 --> 00:41:01,239
Speaker 1: there are just repeatable pattern and so even though you

729
00:41:01,239 --> 00:41:04,319
Speaker 1: can't guarantee the future, the most likely outcome, if the

730
00:41:04,360 --> 00:41:08,080
Speaker 1: same thing happens, then you want to be in that position.

731
00:41:08,239 --> 00:41:12,400
Speaker 1: So it's it's good to understand them. So personally, what

732
00:41:12,480 --> 00:41:15,320
Speaker 1: always happens at the end of a currency's life cycle,

733
00:41:15,360 --> 00:41:18,840
Speaker 1: when all confidence in the government and the currency is lost,

734
00:41:19,200 --> 00:41:23,360
Speaker 1: is they bring a component of gold into the new currency.

735
00:41:23,520 --> 00:41:27,520
Speaker 1: Then that gets people to trust it again and and

736
00:41:27,520 --> 00:41:29,839
Speaker 1: then over time they will go ahead and remove it.

737
00:41:30,480 --> 00:41:33,840
Speaker 1: So for me, I want to be in the currency

738
00:41:33,920 --> 00:41:37,000
Speaker 1: that they're going to reset the fiat money too, which

739
00:41:37,080 --> 00:41:41,200
Speaker 1: is gold, and then gold goes to its fundamental or

740
00:41:41,239 --> 00:41:45,040
Speaker 1: its true value, which is really Again you know, you're

741
00:41:45,080 --> 00:41:48,520
Speaker 1: about history. So what is the most important function that

742
00:41:48,560 --> 00:41:51,120
Speaker 1: gold performs. It can perform a lot because it's used

743
00:41:51,120 --> 00:41:57,480
Speaker 1: across the entire UH global economic system, But in my opinion,

744
00:41:57,760 --> 00:42:00,799
Speaker 1: the single most important function of goal old is to

745
00:42:00,920 --> 00:42:04,960
Speaker 1: hold its purchasing power intact. And that goes back to

746
00:42:05,239 --> 00:42:07,720
Speaker 1: what you were talking about. Why you've got gold somewhere

747
00:42:07,719 --> 00:42:14,920
Speaker 1: around eighteen hundred or so at the moment it's breaking out. Yeah, yeah,

748
00:42:15,120 --> 00:42:20,000
Speaker 1: it's still extremely suppressed. So what I'm in is I'm

749
00:42:20,040 --> 00:42:25,399
Speaker 1: in my accumulation phase where I accumulate silver for day

750
00:42:25,440 --> 00:42:29,040
Speaker 1: to day barter ability. That's its functionality for me, and

751
00:42:29,080 --> 00:42:34,080
Speaker 1: I accumulate different kinds of gold for UH to do

752
00:42:34,160 --> 00:42:37,840
Speaker 1: different functions. Like we're talking about real estate, and the

753
00:42:37,880 --> 00:42:41,960
Speaker 1: biggest threat for most people are number one the mortgage

754
00:42:41,960 --> 00:42:44,759
Speaker 1: and number two the property taxes. And we've certainly been

755
00:42:44,760 --> 00:42:48,520
Speaker 1: seeing a massive rise of property taxes. That's how governments

756
00:42:48,560 --> 00:42:51,680
Speaker 1: get them money, municipalities, etcetera. And I expect that trend

757
00:42:51,680 --> 00:42:57,200
Speaker 1: to continue. I absolutely agree with you. Um So I'm

758
00:42:57,239 --> 00:43:04,320
Speaker 1: I'm just accumulating as well as puting in food, water, energy, security, community,

759
00:43:04,360 --> 00:43:08,319
Speaker 1: and shelter. So that's that's the whole mantra. Now, when

760
00:43:08,320 --> 00:43:11,640
Speaker 1: I see a confirmation, I mean, right now, you've got

761
00:43:12,200 --> 00:43:15,480
Speaker 1: income producing real estate here just as an example, and

762
00:43:15,600 --> 00:43:18,600
Speaker 1: you have gold and silver down here and value. But

763
00:43:19,320 --> 00:43:23,200
Speaker 1: this will flip flop, and then my intention is to

764
00:43:23,360 --> 00:43:27,680
Speaker 1: grab some of some of the gold and converted into

765
00:43:28,160 --> 00:43:32,440
Speaker 1: income producing assets or even the cryptocurrencies that are going

766
00:43:32,440 --> 00:43:35,839
Speaker 1: to survive this because I don't think anybody knows. I mean,

767
00:43:35,880 --> 00:43:40,600
Speaker 1: Wall Street is clearly chosen Bitcoin, and you're seeing a

768
00:43:40,640 --> 00:43:44,000
Speaker 1: wider and wider adoption, so that could certainly be the

769
00:43:44,040 --> 00:43:50,040
Speaker 1: one that survives. Isn't that little flower that's allowed, but um,

770
00:43:50,080 --> 00:43:54,160
Speaker 1: that doesn't really generate income, but the income producing assets

771
00:43:54,200 --> 00:44:01,239
Speaker 1: like rights, water rights, mineral rights, um, income producing assets,

772
00:44:02,200 --> 00:44:06,600
Speaker 1: real estate, etcetera. So that's my personal game plan that

773
00:44:06,680 --> 00:44:12,160
Speaker 1: then will generate income that I can never outlive. And

774
00:44:12,200 --> 00:44:15,680
Speaker 1: then it's also a foundation if it's set up properly,

775
00:44:16,239 --> 00:44:20,920
Speaker 1: to transfer the wealth to my family, my children, my grandchildren, etcetera,

776
00:44:21,160 --> 00:44:25,359
Speaker 1: who hopefully will take good care of Yeah, what I've accomplished. Yeah,

777
00:44:25,760 --> 00:44:28,319
Speaker 1: So I I the way that I kind of see

778
00:44:28,320 --> 00:44:30,960
Speaker 1: that from a big picture, and this is exactly the

779
00:44:31,000 --> 00:44:32,360
Speaker 1: way that I see it as well. But kind of

780
00:44:32,400 --> 00:44:34,239
Speaker 1: what you're saying is that we want to put our

781
00:44:34,280 --> 00:44:37,439
Speaker 1: money or our income on whatever, our money into a

782
00:44:37,480 --> 00:44:41,600
Speaker 1: good storehold of wealth that because we see massive turmoil

783
00:44:41,640 --> 00:44:44,879
Speaker 1: ahead and probably a massive crash ahead, right, a big

784
00:44:44,880 --> 00:44:48,560
Speaker 1: crash ahead. Lots of economists, and it seems pretty easy

785
00:44:48,560 --> 00:44:51,160
Speaker 1: to see that maybe a market drops in front of us.

786
00:44:51,520 --> 00:44:54,200
Speaker 1: So we put our wealth into a storehole that can

787
00:44:54,280 --> 00:44:56,799
Speaker 1: hold that through that drop, and then we take that

788
00:44:56,880 --> 00:44:58,880
Speaker 1: and buy at the at the cell of a lifetime.

789
00:44:59,400 --> 00:45:01,600
Speaker 1: And now we can buy assets that are that are

790
00:45:01,600 --> 00:45:03,680
Speaker 1: super cheap because we've been able to preserve our wealth.

791
00:45:03,680 --> 00:45:05,840
Speaker 1: And so we talked about in that video I just

792
00:45:05,880 --> 00:45:07,600
Speaker 1: did kind of how they used the two thousand eight

793
00:45:07,600 --> 00:45:10,520
Speaker 1: crash to transfer the wealth from homeowners to banks. Well,

794
00:45:10,719 --> 00:45:12,680
Speaker 1: if you would, if you were able to hold your

795
00:45:12,719 --> 00:45:15,280
Speaker 1: wealth and buy at two thousand nine, ten eleven twelve,

796
00:45:15,800 --> 00:45:18,200
Speaker 1: you also made a lot of money. So it's about

797
00:45:18,200 --> 00:45:20,160
Speaker 1: being able to keep that wealth to buy in at

798
00:45:20,160 --> 00:45:24,719
Speaker 1: that cell print price. Right, So exactly right. Um what

799
00:45:24,840 --> 00:45:27,880
Speaker 1: I'm and I'm a real estate investor twenty years, have

800
00:45:27,960 --> 00:45:30,440
Speaker 1: been investing in real estate. Um. What scares me a

801
00:45:30,440 --> 00:45:32,160
Speaker 1: little bit though, is then we go to a little

802
00:45:32,160 --> 00:45:35,640
Speaker 1: political stuff where you see you know, obviously the rent

803
00:45:35,920 --> 00:45:41,040
Speaker 1: you know, moratoriums or eviction moratoriums. We see uh some

804
00:45:42,520 --> 00:45:45,759
Speaker 1: you know, Rashida whatever her name, and you know, uh

805
00:45:45,960 --> 00:45:51,600
Speaker 1: senators you know, calling for an end to payments into rent. Um.

806
00:45:51,840 --> 00:45:53,560
Speaker 1: So then you kind of and as you know, you've

807
00:45:53,560 --> 00:45:56,000
Speaker 1: been studying this long enough, like throughout times like this,

808
00:45:56,080 --> 00:45:59,000
Speaker 1: you have this populist uprising, right, and so it's easy

809
00:45:59,040 --> 00:46:01,879
Speaker 1: to see how that so well, it's it's hard to see, like, man,

810
00:46:01,920 --> 00:46:04,120
Speaker 1: how does real estate hold up if the government says

811
00:46:04,120 --> 00:46:06,319
Speaker 1: you can't collect rent anymore and by the way, you

812
00:46:06,360 --> 00:46:10,000
Speaker 1: can't kick people out. Um, that's gonna be pretty difficult. Well,

813
00:46:10,640 --> 00:46:16,359
Speaker 1: you know, it's not just this one little piece. It's

814
00:46:16,480 --> 00:46:20,160
Speaker 1: all of the products, the Wall Street products that have

815
00:46:20,239 --> 00:46:24,440
Speaker 1: been sold into the pension plans and and other retirement plans,

816
00:46:24,880 --> 00:46:28,640
Speaker 1: the income from that rent that have been you know,

817
00:46:28,680 --> 00:46:31,640
Speaker 1: turned into products and sold. So it's kind of like

818
00:46:31,719 --> 00:46:35,600
Speaker 1: this massive domino effect. And you're right, it is hard

819
00:46:35,680 --> 00:46:39,760
Speaker 1: to see. The other piece is with Wall Street buying

820
00:46:39,800 --> 00:46:42,799
Speaker 1: up all the real estate? Are they they're doing it?

821
00:46:42,960 --> 00:46:47,239
Speaker 1: Um borrowed money and at some point that debt has

822
00:46:47,280 --> 00:46:50,360
Speaker 1: to well, number one, it has to restructure unless the

823
00:46:50,440 --> 00:46:54,120
Speaker 1: language is in there. And what I also found really

824
00:46:54,160 --> 00:46:57,960
Speaker 1: interesting with the transition from libor too in this country

825
00:46:58,040 --> 00:47:01,680
Speaker 1: so far is that they were having trouble getting adoption

826
00:47:02,440 --> 00:47:05,319
Speaker 1: and when they had, when Powell had the opportunity with

827
00:47:05,360 --> 00:47:09,840
Speaker 1: all the debt that they were issuing to force that market.

828
00:47:09,880 --> 00:47:13,359
Speaker 1: He did not. He fell back on libor. So that

829
00:47:13,520 --> 00:47:18,000
Speaker 1: even goes to these contracts. What's the fall back language

830
00:47:18,000 --> 00:47:19,879
Speaker 1: and the contracts. I'm sure it's in there that they

831
00:47:19,880 --> 00:47:23,560
Speaker 1: can transfer from libor to so to so far because

832
00:47:23,600 --> 00:47:28,360
Speaker 1: it's too close to call. But um, if all of

833
00:47:28,400 --> 00:47:32,360
Speaker 1: that leverage is in the real estate market and interest

834
00:47:32,440 --> 00:47:35,760
Speaker 1: rates move up and that debt has to be either

835
00:47:36,600 --> 00:47:39,200
Speaker 1: well you have to service it, roll it over, or

836
00:47:39,280 --> 00:47:41,120
Speaker 1: default on it, I think there's going to be a

837
00:47:41,160 --> 00:47:44,120
Speaker 1: tremendous amount of real estate that comes on the market.

838
00:47:45,000 --> 00:47:48,560
Speaker 1: And and once all the moratoriums are lifted, but hey,

839
00:47:48,640 --> 00:47:51,960
Speaker 1: let's make a permanent. They can't make a permanent because

840
00:47:52,040 --> 00:47:56,239
Speaker 1: right now they're subsidizing the rents and the mortgages that

841
00:47:56,280 --> 00:48:00,920
Speaker 1: aren't getting paid. I mean, and we never hear anybody

842
00:48:01,000 --> 00:48:03,440
Speaker 1: talk about that, but they have to because of the

843
00:48:03,480 --> 00:48:09,760
Speaker 1: products that are created from these things. I want to uh,

844
00:48:09,800 --> 00:48:11,640
Speaker 1: I want to start transitioning. We'll kind of close our

845
00:48:11,640 --> 00:48:13,120
Speaker 1: closing this out. I have a kind of a question

846
00:48:13,200 --> 00:48:16,080
Speaker 1: I want to ask you, but before we do, I uh,

847
00:48:16,360 --> 00:48:18,480
Speaker 1: I want to take a second just to address the

848
00:48:18,520 --> 00:48:22,480
Speaker 1: cryptocurrency part. UH, you watch my channel, so you know

849
00:48:22,520 --> 00:48:24,360
Speaker 1: I'm a I'm a bitcoin guy. The one thing I

850
00:48:24,400 --> 00:48:27,160
Speaker 1: would just draw your attention to is that, uh I was.

851
00:48:27,680 --> 00:48:30,040
Speaker 1: I became a very big gold gold bug, and I

852
00:48:30,080 --> 00:48:32,920
Speaker 1: still talk about gold quite a bit on my channel. Um.

853
00:48:33,040 --> 00:48:35,799
Speaker 1: What I realized after a while, it's because we need

854
00:48:35,840 --> 00:48:39,680
Speaker 1: sound money, right like we we can't have money. Money

855
00:48:39,760 --> 00:48:43,120
Speaker 1: is communication. Money is what what coordinates the entire world,

856
00:48:43,160 --> 00:48:46,399
Speaker 1: the entire economy. And when they start pumping fake money

857
00:48:46,400 --> 00:48:48,520
Speaker 1: and it messes up communication, we end up bubbles and

858
00:48:48,560 --> 00:48:51,600
Speaker 1: everything everywhere. Right. Um. But after being a gold bug

859
00:48:51,600 --> 00:48:52,719
Speaker 1: for a long time, I found out really what I

860
00:48:52,719 --> 00:48:54,840
Speaker 1: am is on a sound money advocate. I'm definitely advocate

861
00:48:54,840 --> 00:48:58,359
Speaker 1: for sound money, yeah, um, and having that restraint, right,

862
00:48:58,360 --> 00:49:00,680
Speaker 1: we can't just artificially create that. Um. The one thing

863
00:49:00,719 --> 00:49:02,440
Speaker 1: I would just point out to you since you have

864
00:49:02,520 --> 00:49:05,600
Speaker 1: me and maybe you have a question, but um, what

865
00:49:05,680 --> 00:49:10,120
Speaker 1: I believe that the real innovation, the technological revolution is

866
00:49:10,120 --> 00:49:15,000
Speaker 1: is um censorship resistance. And so from the beginning of

867
00:49:15,080 --> 00:49:17,200
Speaker 1: time I had a problem. I had to build a

868
00:49:17,280 --> 00:49:19,400
Speaker 1: kingdom because your your kingdom was gonna come attack me

869
00:49:19,400 --> 00:49:21,920
Speaker 1: and take my goat chickens and my gold from the

870
00:49:21,920 --> 00:49:24,000
Speaker 1: beginning of time, we've had to protect our wealth. The

871
00:49:24,040 --> 00:49:28,080
Speaker 1: government is here to protect the wealth from other countries. Um.

872
00:49:28,120 --> 00:49:30,600
Speaker 1: But now I have I can store my wealth and

873
00:49:30,640 --> 00:49:34,280
Speaker 1: a censorship resistant way that nobody can take cryptographically security

874
00:49:34,280 --> 00:49:35,880
Speaker 1: twelve words in my head. Nobody can take it, not

875
00:49:35,920 --> 00:49:39,160
Speaker 1: even a government. Now there's not one of the other

876
00:49:39,200 --> 00:49:42,319
Speaker 1: eight thousand cryptocurrencies that have that ability. There's only one,

877
00:49:42,840 --> 00:49:45,359
Speaker 1: and it's because of the network that's been built out.

878
00:49:45,400 --> 00:49:47,480
Speaker 1: And to me, that is what changes the game. And

879
00:49:48,040 --> 00:49:50,000
Speaker 1: I love gold, and I, like I said, I talked

880
00:49:50,000 --> 00:49:52,760
Speaker 1: about it, I recommended I own it. Um. The problem

881
00:49:52,800 --> 00:49:54,760
Speaker 1: is that gold didn't make the jump into the Internet.

882
00:49:54,840 --> 00:49:57,719
Speaker 1: So you and I are zooming from across the world. Um,

883
00:49:57,760 --> 00:49:59,680
Speaker 1: but I can't send you gold, but I could send

884
00:49:59,680 --> 00:50:01,640
Speaker 1: you bit in right now, and so like there's there's

885
00:50:01,640 --> 00:50:04,080
Speaker 1: an advantage there, But really it's that censorship resistance. So

886
00:50:04,120 --> 00:50:05,400
Speaker 1: I guess the point that I just want to make

887
00:50:05,520 --> 00:50:07,719
Speaker 1: is that when you talk about crypto, and you talked

888
00:50:07,719 --> 00:50:09,920
Speaker 1: about maybe the one flower that makes it out of

889
00:50:09,920 --> 00:50:12,440
Speaker 1: the eight thousand or whatever they're there, there's only one

890
00:50:13,440 --> 00:50:15,239
Speaker 1: that has the property. It's kind of like gold is

891
00:50:15,239 --> 00:50:16,520
Speaker 1: the only one that has the property. Is there's a

892
00:50:16,560 --> 00:50:18,600
Speaker 1: bunch of other metal, but there's only one gold. And

893
00:50:18,640 --> 00:50:20,560
Speaker 1: so there's a there's eight thousand cryptos, but there's only

894
00:50:20,600 --> 00:50:23,200
Speaker 1: one that's censorship resistant, and there will never be another

895
00:50:23,239 --> 00:50:26,240
Speaker 1: one there. There can't ever be another one. So anyway,

896
00:50:26,320 --> 00:50:28,359
Speaker 1: I thought i'd throw that out there for you. Well,

897
00:50:28,400 --> 00:50:32,279
Speaker 1: I appreciate it because I really learn as much as

898
00:50:32,280 --> 00:50:34,719
Speaker 1: I can, and I learn from everybody that's out there,

899
00:50:34,760 --> 00:50:37,240
Speaker 1: and I I don't you know, I'm not an engineer,

900
00:50:37,320 --> 00:50:40,760
Speaker 1: so I don't really understand how all of that works.

901
00:50:40,800 --> 00:50:43,400
Speaker 1: But I do know that bitcoin. They even said it

902
00:50:43,440 --> 00:50:47,440
Speaker 1: on CNBC where it used to be outside of the system,

903
00:50:47,520 --> 00:50:49,840
Speaker 1: and that's the way it was sold. Now it is

904
00:50:49,880 --> 00:50:54,279
Speaker 1: completely inside the system, so and they can trace you know,

905
00:50:54,360 --> 00:50:58,600
Speaker 1: you may have that where they can't get it from you. Um, however,

906
00:50:59,040 --> 00:51:03,040
Speaker 1: they know when you're spend thing end so UM, I

907
00:51:03,080 --> 00:51:07,000
Speaker 1: think there's uh, there's two things there. One bitcoin is anonymous,

908
00:51:07,160 --> 00:51:09,600
Speaker 1: but it's not private, so the whole blockchain is open.

909
00:51:09,640 --> 00:51:12,960
Speaker 1: But that's the whole point, right, So the currency system

910
00:51:13,040 --> 00:51:15,319
Speaker 1: is permissioned. When I moved to Puerto Rico, took me

911
00:51:15,400 --> 00:51:18,920
Speaker 1: twenty six days to get permission to open a bank account.

912
00:51:19,080 --> 00:51:20,920
Speaker 1: Two billion adults in the world aren't on the banking

913
00:51:20,920 --> 00:51:23,560
Speaker 1: system because they don't have permission, but anybody could download

914
00:51:23,560 --> 00:51:25,560
Speaker 1: a bitcoin wallet and beyond the bitcoin system, so it's

915
00:51:25,560 --> 00:51:28,880
Speaker 1: permission list, and it's also trust list. With gold, we

916
00:51:28,960 --> 00:51:30,360
Speaker 1: have to trust or with the dollars, I have to

917
00:51:30,400 --> 00:51:33,000
Speaker 1: trust the FED not to just create a bunch more money. Uh,

918
00:51:33,040 --> 00:51:35,000
Speaker 1: if they have gold on the glos intero to trust

919
00:51:35,000 --> 00:51:37,719
Speaker 1: they have the Golden vault um. But bitcoin is is

920
00:51:37,800 --> 00:51:40,400
Speaker 1: trust list because it's an open network, so anybody can

921
00:51:40,440 --> 00:51:42,719
Speaker 1: see it. But that also causes anybody to be able

922
00:51:42,719 --> 00:51:44,239
Speaker 1: to see it, So it's it's it's a it's a

923
00:51:44,320 --> 00:51:47,400
Speaker 1: pleasant coin, but it is it is, but it but

924
00:51:47,480 --> 00:51:49,680
Speaker 1: it isn't but it is anonymous, so we can see

925
00:51:49,719 --> 00:51:51,520
Speaker 1: that this wallet has these coins, but we don't know

926
00:51:51,560 --> 00:51:54,000
Speaker 1: who it is. They do have like AI software where

927
00:51:54,000 --> 00:51:56,160
Speaker 1: they can start to kind of like try to draw lines,

928
00:51:56,640 --> 00:52:00,840
Speaker 1: but there's there's dissident tech where there's privacy blocking things,

929
00:52:00,840 --> 00:52:02,760
Speaker 1: and there's upgrades and whatever. But I think the point

930
00:52:02,840 --> 00:52:06,640
Speaker 1: isn't um to evade taxes and to like you can't

931
00:52:06,680 --> 00:52:08,960
Speaker 1: ever know I have money. I'm still gonna file my taxes.

932
00:52:09,000 --> 00:52:12,120
Speaker 1: The point is back to the gold thing. You can't

933
00:52:12,160 --> 00:52:14,919
Speaker 1: take it from me, right, And so I think that's

934
00:52:14,960 --> 00:52:17,279
Speaker 1: the that's the killer feature, and there's like I said,

935
00:52:17,280 --> 00:52:18,719
Speaker 1: there's just not another one. The other thing that's a

936
00:52:18,760 --> 00:52:21,200
Speaker 1: killer feature is it's the only one. Well it's not

937
00:52:21,239 --> 00:52:24,640
Speaker 1: the only one, but has a fixed supply cap, right,

938
00:52:24,640 --> 00:52:27,200
Speaker 1: so it cannot be inflated past twenty one million, and

939
00:52:27,239 --> 00:52:29,879
Speaker 1: so that's a pretty big deal. Um So, between those two,

940
00:52:30,080 --> 00:52:32,640
Speaker 1: like I said, just when we talk about cryptocurrencies, there's

941
00:52:32,680 --> 00:52:35,799
Speaker 1: only one that has those attributes. Um So I thought

942
00:52:35,840 --> 00:52:37,880
Speaker 1: I just draw it to your attention. I would defer

943
00:52:37,920 --> 00:52:40,040
Speaker 1: to you because I think you probably know a lot

944
00:52:40,080 --> 00:52:43,480
Speaker 1: more about it than I do, so I'll say, okay,

945
00:52:43,600 --> 00:52:45,680
Speaker 1: but I just always just love to share that. I

946
00:52:45,760 --> 00:52:49,200
Speaker 1: appreciate that. I appreciate that, but I know that if

947
00:52:49,239 --> 00:52:53,399
Speaker 1: I hold it, I own it. And you know, there

948
00:52:53,440 --> 00:52:56,640
Speaker 1: are some good things about the cryptocurrencies. But I again,

949
00:52:56,760 --> 00:52:59,120
Speaker 1: I think we've got battle lines that are being drawn

950
00:52:59,200 --> 00:53:02,520
Speaker 1: between the central banks and the corporations and even some

951
00:53:02,600 --> 00:53:06,200
Speaker 1: of the governments that are municipalities that are starting to

952
00:53:06,239 --> 00:53:09,919
Speaker 1: adopt this, and it'll just be an interesting battle to see. Yeah.

953
00:53:10,480 --> 00:53:13,799
Speaker 1: So all's out. Yeah, So but we're all fighting the

954
00:53:13,800 --> 00:53:16,920
Speaker 1: same fight sound money stop stop doing this money printing?

955
00:53:17,320 --> 00:53:20,000
Speaker 1: Um so transition a little bit. I'm just curious your

956
00:53:20,040 --> 00:53:21,600
Speaker 1: take on this is something I kind of think about,

957
00:53:21,760 --> 00:53:26,799
Speaker 1: right where like, um, we have these global elites and

958
00:53:26,840 --> 00:53:30,120
Speaker 1: like they're running these you know, they have these plans

959
00:53:30,160 --> 00:53:32,600
Speaker 1: whatever they have and uh, you know, you'll own nothing

960
00:53:32,600 --> 00:53:34,520
Speaker 1: and you'll be happy in the libelar and all these

961
00:53:34,520 --> 00:53:38,359
Speaker 1: things are doing. But like, don't they want to live

962
00:53:38,360 --> 00:53:40,520
Speaker 1: in a nice world too? Don't they still need people

963
00:53:40,560 --> 00:53:44,120
Speaker 1: to build their yachts in their their artificial intelligence software?

964
00:53:44,200 --> 00:53:47,040
Speaker 1: Like don't they still want the world to function pretty

965
00:53:47,120 --> 00:53:51,680
Speaker 1: much as it is? You know, I can't really answer

966
00:53:51,760 --> 00:53:53,840
Speaker 1: that because I think when you get to that level

967
00:53:54,520 --> 00:53:57,520
Speaker 1: that it's really more of a game than it is

968
00:53:57,600 --> 00:54:01,440
Speaker 1: anything else, and power more than the money or or

969
00:54:01,520 --> 00:54:03,640
Speaker 1: anything else. But yeah, I mean you would think that

970
00:54:03,680 --> 00:54:06,960
Speaker 1: they would want that, but maybe the vision gives them

971
00:54:07,080 --> 00:54:11,640
Speaker 1: more power because really, if they own everything, whoever owns

972
00:54:11,680 --> 00:54:14,560
Speaker 1: it collects the rent on it and can dictate how

973
00:54:14,640 --> 00:54:17,000
Speaker 1: much you're gonna pay. But who's going to invent Who's

974
00:54:17,040 --> 00:54:18,920
Speaker 1: gonna invent the yacht? And who's going to invent the

975
00:54:18,960 --> 00:54:21,200
Speaker 1: new sports car and build the resort for them to

976
00:54:21,239 --> 00:54:25,120
Speaker 1: go to it all that well, I don't think, you know,

977
00:54:25,239 --> 00:54:29,600
Speaker 1: you're still going to have those different levels in there,

978
00:54:30,080 --> 00:54:34,399
Speaker 1: but the opportunities I think are going to be very restricted. Yeah,

979
00:54:35,080 --> 00:54:39,040
Speaker 1: you know, unfortunately that that's my concern. And it's not

980
00:54:39,080 --> 00:54:42,319
Speaker 1: such a concern for me because I'm sixty six, I'm

981
00:54:42,800 --> 00:54:45,640
Speaker 1: got a third left of my life. But I'm more

982
00:54:45,680 --> 00:54:49,160
Speaker 1: concerned about my grandchildren and my children. And that's the

983
00:54:49,200 --> 00:54:53,719
Speaker 1: same question that everybody asks. And because you can envision it,

984
00:54:54,040 --> 00:54:58,880
Speaker 1: you can't imagine that somebody else can envision it. But honestly,

985
00:54:59,080 --> 00:55:02,280
Speaker 1: up at that level, you know, I mean they hire

986
00:55:02,360 --> 00:55:06,480
Speaker 1: to sociopaths because they cannot the people that are making

987
00:55:06,520 --> 00:55:08,360
Speaker 1: the people of the I m F, the B I

988
00:55:08,600 --> 00:55:12,759
Speaker 1: S all of these financial decisions that have really a

989
00:55:12,840 --> 00:55:18,080
Speaker 1: negative impact on everybody. They cannot care how their decisions

990
00:55:18,640 --> 00:55:23,480
Speaker 1: have a global impact. And since you're not a sociopath,

991
00:55:24,160 --> 00:55:26,960
Speaker 1: it would be hard for you to imagine. It's howig

992
00:55:27,080 --> 00:55:32,200
Speaker 1: you are. You know, you don't present as one anyway, Um,

993
00:55:32,400 --> 00:55:35,879
Speaker 1: but that's why it's hard to imagine the game that's

994
00:55:35,920 --> 00:55:38,960
Speaker 1: being played with all of our lives. But to me,

995
00:55:39,000 --> 00:55:43,600
Speaker 1: it's disgusting, And you know, I also want to just

996
00:55:43,600 --> 00:55:48,279
Speaker 1: just say that everybody has to do what it is

997
00:55:48,360 --> 00:55:52,239
Speaker 1: that they are comfortable doing. Since I've been studying currencies

998
00:55:52,280 --> 00:55:57,480
Speaker 1: since you know, I'm comfortable with this because I've I've

999
00:55:57,680 --> 00:56:02,120
Speaker 1: had this experience for most of my life. I think

1000
00:56:02,600 --> 00:56:08,840
Speaker 1: a truly balanced portfolio. You've got some intangibles by cryptocurrencies,

1001
00:56:09,040 --> 00:56:12,279
Speaker 1: but you have the tangibles to balance that out so

1002
00:56:12,320 --> 00:56:15,520
Speaker 1: that it really doesn't matter if you're right if you're wrong,

1003
00:56:16,560 --> 00:56:18,880
Speaker 1: you know. I mean, that's kind of what I ask myself.

1004
00:56:19,320 --> 00:56:22,160
Speaker 1: What if I'm right and what if I'm wrong? And

1005
00:56:22,200 --> 00:56:26,040
Speaker 1: if I can come up with choice or choices that

1006
00:56:26,120 --> 00:56:28,400
Speaker 1: make it so it doesn't matter if I'm right or wrong,

1007
00:56:30,320 --> 00:56:32,880
Speaker 1: you know, then that's where I'm gonna be. So I

1008
00:56:33,280 --> 00:56:36,880
Speaker 1: think balance in there is a key, not one maybe

1009
00:56:36,880 --> 00:56:40,239
Speaker 1: not one, maybe not the other, you know. And I'm

1010
00:56:40,280 --> 00:56:43,160
Speaker 1: not a speculator either, that's not that's kind of not

1011
00:56:43,200 --> 00:56:47,040
Speaker 1: the nature of the beast. Well, we covered a lot

1012
00:56:47,040 --> 00:56:48,919
Speaker 1: of ground. I'm gonna go ahead and wrap it up here,

1013
00:56:48,920 --> 00:56:51,920
Speaker 1: but I do just want to just tell everybody, um,

1014
00:56:52,160 --> 00:56:55,480
Speaker 1: remind everybody how we started this out, which is um,

1015
00:56:55,520 --> 00:56:59,200
Speaker 1: you know, there is turbulence ahead and unfortunately a lot

1016
00:56:59,239 --> 00:57:01,160
Speaker 1: of it is is very scary, but as we talked

1017
00:57:01,200 --> 00:57:03,880
Speaker 1: about in the beginning, if you're if you're skilled, if

1018
00:57:03,880 --> 00:57:06,719
Speaker 1: you're educated, if you're paying attention, if you're watching, could

1019
00:57:06,719 --> 00:57:09,720
Speaker 1: actually be massive opportunity. So this is not a message

1020
00:57:09,719 --> 00:57:12,080
Speaker 1: of doom and gloom, but this is a message that

1021
00:57:12,440 --> 00:57:15,480
Speaker 1: there's trouble ahead, um, but if you're skilled and you're

1022
00:57:15,480 --> 00:57:18,760
Speaker 1: paying attention, you can navigate and potentially come out ahead better.

1023
00:57:19,440 --> 00:57:22,400
Speaker 1: And I'd also like to encourage people just to if

1024
00:57:22,440 --> 00:57:24,560
Speaker 1: that's not a world that you like and you don't

1025
00:57:24,600 --> 00:57:26,080
Speaker 1: want to see that happen, then you should be doing

1026
00:57:26,120 --> 00:57:28,200
Speaker 1: something to make sure that doesn't happen as well. So

1027
00:57:28,200 --> 00:57:29,800
Speaker 1: I always you like to give people that that hope

1028
00:57:29,800 --> 00:57:31,920
Speaker 1: and give them that power. But is there anything that

1029
00:57:31,920 --> 00:57:34,760
Speaker 1: you'd like to end it with? Yes, you know, I

1030
00:57:34,800 --> 00:57:37,960
Speaker 1: really feel like we need to be as self sufficient

1031
00:57:38,040 --> 00:57:42,080
Speaker 1: and independent as possible to walk through this. And I

1032
00:57:42,120 --> 00:57:44,240
Speaker 1: think we got a little sip of what that looked

1033
00:57:44,280 --> 00:57:47,480
Speaker 1: like a year ago, when the grocery store shelves were

1034
00:57:47,520 --> 00:57:51,000
Speaker 1: bare and you couldn't get toilet paper. So, you know,

1035
00:57:51,080 --> 00:57:54,920
Speaker 1: I would encourage everybody to look at what their personal

1036
00:57:54,960 --> 00:57:59,280
Speaker 1: experience was during that period of time and see where

1037
00:57:59,320 --> 00:58:04,040
Speaker 1: you were most uncomfortable and then start to plug those holes.

1038
00:58:04,040 --> 00:58:08,480
Speaker 1: But understand that inflation is here, it's ever present, and

1039
00:58:08,520 --> 00:58:12,800
Speaker 1: it's going to heat up even more. We'll see what

1040
00:58:13,000 --> 00:58:20,120
Speaker 1: happens into this transition. Food, water, energy, security, barter ability,

1041
00:58:20,360 --> 00:58:25,800
Speaker 1: wealth preservation. Community is key as well as shelter. These

1042
00:58:25,800 --> 00:58:28,160
Speaker 1: are the things that we need. And if we can

1043
00:58:28,200 --> 00:58:31,680
Speaker 1: come together in community, then you know, you have a

1044
00:58:31,680 --> 00:58:34,520
Speaker 1: different skill set that I have, and and he has

1045
00:58:34,560 --> 00:58:37,960
Speaker 1: a different skill set than she has. And if we

1046
00:58:38,080 --> 00:58:43,600
Speaker 1: come together, then we can all be independent and help

1047
00:58:43,680 --> 00:58:45,880
Speaker 1: each other, because that's what we really need to do now.

1048
00:58:46,240 --> 00:58:49,160
Speaker 1: We have to come together and and support each other

1049
00:58:50,120 --> 00:58:54,120
Speaker 1: with our different skill sets. No one's coming to save you.

1050
00:58:54,320 --> 00:58:56,200
Speaker 1: Learn how to save yourself, organized with people that can

1051
00:58:56,240 --> 00:59:00,920
Speaker 1: help you on Central Bank. Yeah, exactly, exactly good stuff.

1052
00:59:00,920 --> 00:59:03,200
Speaker 1: I'm gonna make sure we're gonna link to um your

1053
00:59:03,400 --> 00:59:05,760
Speaker 1: YouTube channel and I t M trading down below in

1054
00:59:05,760 --> 00:59:07,360
Speaker 1: the show notes for everybody else. Is there anyhere else

1055
00:59:07,360 --> 00:59:09,280
Speaker 1: that people should follow you? Or? Those are two best places.

1056
00:59:09,560 --> 00:59:13,440
Speaker 1: Those are the two best places and Twitter, right, and

1057
00:59:13,520 --> 00:59:17,360
Speaker 1: so I mean there are all those normal places as well. Yeah,

1058
00:59:17,400 --> 00:59:19,880
Speaker 1: if you start there, you'll get to the rest of them.

1059
00:59:19,920 --> 00:59:22,560
Speaker 1: All right lad, thanks so much my pleasure, Thank you,

1060
00:59:24,680 --> 00:59:24,720
Speaker 1: Y