Speaker 1: Hey, everyone, welcome to another episode of the Market Disruptor Show,
Speaker 1: and today I am sitting down with Lynnette Zang. She
Speaker 1: is a very big requested guest one I've been excited
Speaker 1: to sit down with for a while. So we have
Speaker 1: a lot to dig into day. I'm excited to thank
Speaker 1: so much for joining us today's I'm really happy to
Speaker 1: be here, Mark, thank you for having me. Yeah. So, um,
Speaker 1: I'm a fan. I've been watching a bunch of your
Speaker 1: content and uh a lot of good stuff, which just
Speaker 1: brings up more questions. I'm excited to dig through those today.
Speaker 1: But not everybody is probably familiar with your work, so
Speaker 1: I'll just give us a little bit of background on
Speaker 1: on what you've been working on or what you're working
Speaker 1: on now. Okay, Well, I've been working on understanding the
Speaker 1: markets basically my entire life. But in the past, I've
Speaker 1: been a banker, I've been a stockbroker and as chief
Speaker 1: market analysts. I started studying actually before that, I started
Speaker 1: studying currencies in and so I'm really all about currency
Speaker 1: life cycles. I started seeing the repeatable patterns and I
Speaker 1: went to I t M in two thousand and two
Speaker 1: after my formulas, well not I mean, the general formulas
Speaker 1: confirm that we were at the end of this currency's
Speaker 1: life cycle. So you know, that's really what I focus on,
Speaker 1: is UM reset. You know, I've been watching the reset
Speaker 1: occur and the system died in two thousand and eight,
Speaker 1: so that's what I've been working on ever since then,
Speaker 1: really paying attention as we transition into a new really
Speaker 1: social economic and financial system. You know latest changes. Of course,
Speaker 1: they don't change behavior, they change the rules. So you
Speaker 1: know that's what I really focus on and what I'm
Speaker 1: focusing on right now as well, is all the rule
Speaker 1: changes that are happening. Yeah, that's eight and and uh
Speaker 1: for people watching my channel, they know that's what I
Speaker 1: kind of focused on too. Um. Yeah, I forgot to
Speaker 1: say that you are. You are the chief market announced
Speaker 1: at I t M, so I forgot to plug that,
Speaker 1: so make sure you go follower there will make sure
Speaker 1: to link that down below. But UM, you know, you
Speaker 1: said that you've been studying currencies much longer than me. Um,
Speaker 1: that's interesting, and you said you, um, you know, following
Speaker 1: these currency life cycles cycles is something that I'm pretty
Speaker 1: big in and I have some questions to ask you
Speaker 1: about that. But you talked about um, the day the
Speaker 1: currency died was two thousand and eight. Now, um, there's
Speaker 1: a lot of days that it died, right, Like, I mean,
Speaker 1: so yes, but but I mean like maybe maybe the
Speaker 1: dollar died in thirteen when the Federal Reserve was born,
Speaker 1: or maybe it died in nineteen four when the Breton
Speaker 1: Woods agreement, or maybe it died in seventy one when
Speaker 1: Nixon took it off the standard, or or oh wait,
Speaker 1: so why do you say? Oh eight, Hey, guys, let
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Speaker 1: So check out block fine Now. Well, I say oh eight,
Speaker 1: because that's when they really ran out of tools and
Speaker 1: the only thing that they had left our interest rates
Speaker 1: and just creating more money, and and you're absolutely right,
Speaker 1: because it's been dying in slow deaths since they brought
Speaker 1: in the Federal Reserve and started to remove you know, gold,
Speaker 1: something real from backing our currency. But yeah, two thousand
Speaker 1: and eight is when they dropped interest rates to zero,
Speaker 1: which is their biggest tool, and they've not been and
Speaker 1: I'm talking about global central banks, so it's not just
Speaker 1: the FED, but it's globally. Uh, And they've not been
Speaker 1: able to raise them. Of course they can't. So really
Speaker 1: all they have left is printing money, de valuing the currency,
Speaker 1: and getting set up to take us into a new system.
Speaker 1: So that's why. And also Christine Lagard in two thousand
Speaker 1: and nine in a Bloomberg interview which has gone now,
Speaker 1: but use the word reset about twenty seven times in
Speaker 1: that half an hour interview, which you caught my attention. Yeah,
Speaker 1: that's interesting. You know, I think about it in terms
Speaker 1: of playing a board game, right, where like we're playing
Speaker 1: scrabble or whatever, and at some point you're out of moves,
Speaker 1: and when you're out of moves, what do you do?
Speaker 1: Like you reset the game kind of a thing, And
Speaker 1: so that kind of comes to mind when you talk
Speaker 1: about that, Um, you know, one thing, going back to
Speaker 1: that currency a little bit further. Uh, I kind of
Speaker 1: rattled off a couple of days, so you know, the
Speaker 1: data Federal Reserve was created, they started printing more currency obviously, UM,
Speaker 1: the Brenton Woods Agreement maybe I don't know, kind of
Speaker 1: brought it back into a peg at least. And then
Speaker 1: a lot of people talk about like that seventy one
Speaker 1: when Nixon took us off of that gold standard. Um.
Speaker 1: But you know, another way that I've been thinking about
Speaker 1: this just recently, really maybe in the last month or two,
Speaker 1: is that we never actually came off of a gold standard.
Speaker 1: What he did is removed the peg. Right, the dollars still,
Speaker 1: I mean, gold still priced in dollars at the end
Speaker 1: of the day. The market has just repriced gold, uh,
Speaker 1: and the dollar exchange. Right. Maybe he just removed the peg.
Speaker 1: We never got off the gold standards. Is that a
Speaker 1: way to look at it? Um. I wouldn't really look
Speaker 1: at it quite like that, because while you are right,
Speaker 1: and I mean and gold is is valued in terms
Speaker 1: of any fiat currency anywhere in the world, what created
Speaker 1: the gold standard were the restrictions that having gold backing
Speaker 1: the currency created, So it really required fiscal responsibility. In
Speaker 1: seventy one, Nixon handed what what really what that really
Speaker 1: happened in in seventy one was that Nixon handed over
Speaker 1: full control of inflation to the central banks to the
Speaker 1: private banks. And what do banks know? They know debt
Speaker 1: and they know interest. But um, so you could say
Speaker 1: that it really it's been dying since nineteen thirteen. But no,
Speaker 1: we're not still on the gold standard as a government
Speaker 1: or as a country or around the world. But I
Speaker 1: personally am absolutely on the gold and silver standard. Yeah standard,
Speaker 1: you run your account on those, Yeah, I guess it's
Speaker 1: just like a little bit of a I love to
Speaker 1: look at things from different angles and different perspectives, and
Speaker 1: sometimes it gives me, you know, more clarity, um, you know.
Speaker 1: To to your point though, like you said, well, when
Speaker 1: we got off the gold stender, it took away the restraint,
Speaker 1: but like I could also say, we never had restraint.
Speaker 1: I made a video recently and I was refuting Ray
Speaker 1: Dalio's point. Um. He said that the government would make
Speaker 1: bitcoin illegal because they because the same reason they made
Speaker 1: gold illegal, which was they didn't want a competing form
Speaker 1: of money. That's what he said, And I refuted that,
Speaker 1: and I said, well, I don't think his understanding of
Speaker 1: the events in history are correct, because in thirteen the
Speaker 1: Federal Reserve was created, and they printed way too many dollars,
Speaker 1: and by nine thirty three, so back to that restraint,
Speaker 1: they didn't have restraint. They printed way too many dollars.
Speaker 1: And so by nineteen thirty three the government owed gold.
Speaker 1: They owed gold to creditors, and so they didn't owe dollars,
Speaker 1: they owed gold, and so they took the gold to
Speaker 1: pay the creditors. And it wasn't, at least in my understanding,
Speaker 1: it wasn't that they didn't want to compete in for
Speaker 1: the money. They owed the gold and they needed the gold,
Speaker 1: um and so. And then then of course they will
Speaker 1: go ahead and talk about it. Can I kind of
Speaker 1: jump in there, because you know, really what happened during
Speaker 1: this I love that period of time, and I feel
Speaker 1: like we're living through that again with the Roaring twenties.
Speaker 1: But when we were on the gold standard, and you're right,
Speaker 1: they owed the gold, so if an individual did not
Speaker 1: like what the government was doing, then they had the
Speaker 1: ability to walk into a bank and convert their dollars
Speaker 1: into gold, hold the gold out of the system and
Speaker 1: create greater restrictions. So um a competing currency or just
Speaker 1: taking away the public's power, because that was a public
Speaker 1: power that if you had enough people that did it,
Speaker 1: you know, then you have a run on the banks, etcetera.
Speaker 1: So they did own the gold. You're absolutely right about that,
Speaker 1: but it was too more to the citizens. In seventy
Speaker 1: one it was to the other government's global governments. But
Speaker 1: thirty three they had to take that control away from
Speaker 1: the citizens. So you think it was more about taking
Speaker 1: away control than it was paying the creditors because they
Speaker 1: didn't want to default on the creditors. Okay, interesting. I
Speaker 1: value your opinions, and I want to say I love too.
Speaker 1: I love what you said earlier about looking at things
Speaker 1: from a different point of view, because when you do that,
Speaker 1: it is amazing what you see. So I definitely love
Speaker 1: to debate because it opens everybody's eyes. Years ago I
Speaker 1: worked with I had a company I was running, and
Speaker 1: I brought in like this fortune one hundred consultant, one
Speaker 1: of the smartest guys ever, and he would look at
Speaker 1: a problem and he taught me this, and he's like,
Speaker 1: you can't do that, Like there's nothing in the world
Speaker 1: like if I had a magic wand like I couldn't
Speaker 1: create a solution, Well, of course you could, okay, so
Speaker 1: then we can write and it just opens up your
Speaker 1: mind to things you wouldn't think so anyway. Um So
Speaker 1: then if I was chasing that conclusion, so let's see
Speaker 1: where this goes. So then I was chasing that conclusion
Speaker 1: to like why the government wouldn't make gold illegal today
Speaker 1: or bitcoin illegal? And and well either right and uh,
Speaker 1: and I was saying, well, the differences. They don't owe
Speaker 1: anyone gold today, they don't own any one bitcoin today.
Speaker 1: What they owe people are dollars, and they could just
Speaker 1: print more of those. Um So that was kind of
Speaker 1: my conclusion. I guess what's your thought there, Well, you know,
Speaker 1: both gold and the new digital currencies. I think it's
Speaker 1: going to be really interesting to see what happens when
Speaker 1: the central banks really come out with their digital currency.
Speaker 1: Because when you look at the Bank for International Settlements
Speaker 1: money Flower, there is a small space on there for
Speaker 1: private cryptocurrencies, but there's that actually larger space for commodity money,
Speaker 1: so gold and silver and then all the rest is
Speaker 1: under the central bank's control. But so I think that
Speaker 1: they are going to you know, allow a certain amount
Speaker 1: of it, but I think it will be very controlled
Speaker 1: and heavily taxed. And um, I don't think they're going
Speaker 1: to allow any competition to their money monopoly. But it
Speaker 1: will be interesting to say the battle has begun and
Speaker 1: it will be very interesting too. So I don't want
Speaker 1: to I don't want to dig in too much on
Speaker 1: that right there, because that's gonna be like the end game,
Speaker 1: which we're gonna get to at the end here. So
Speaker 1: let's kind of build this story up a little bit.
Speaker 1: So the currency died No. Eight. The FED has two tools,
Speaker 1: interest rates and money creation. Interest rates are basically gone,
Speaker 1: they're at zero, their negative whatever, um. But money creations
Speaker 1: almost kind of gone to we're kind of maxed out
Speaker 1: on how much money we can create. And really I've
Speaker 1: been talking about like the Feds really, you know, kind
Speaker 1: of stuck where like, um, if they keep printing the
Speaker 1: currencies dies, um if if they pull back like the
Speaker 1: bond they have to save the bonds with the currency.
Speaker 1: Right now, like it seems like one or the other. Right,
Speaker 1: they're trying to keep bond rates from going up too
Speaker 1: high so they could do the yield curve control. But
Speaker 1: by printing more currency, they're going to ruin the currency,
Speaker 1: so like do they streak like? And so they're kind
Speaker 1: of stuck here. Um, but I heard you say something
Speaker 1: in an interview that really stuck with me, and I
Speaker 1: want to get your opinion on this. So it seems
Speaker 1: like we've heard this since oh eight, kicking the can
Speaker 1: down the road, right, instead of doing the hard thing,
Speaker 1: peeling the band aid off or making the hard decisions, today,
Speaker 1: they keep kicking the can down the road. But you
Speaker 1: said at one point that maybe they're not trying to
Speaker 1: save the system, maybe they're just trying to keep the
Speaker 1: system alive until they're ready to go in a new system.
Speaker 1: Tell tell us about that. Well, first of all, I
Speaker 1: just got goose bumps, so it's absolutely accurate. But look,
Speaker 1: the very foundation of the Fiat system, the government based
Speaker 1: money system, is inflation, which guarantees loss of value over time.
Speaker 1: Even though nominally, you know, you had a twenty dollar
Speaker 1: built ten years ago, you got a twenty dollar built today,
Speaker 1: it's still a twenty dollar built, so nominally exact, but
Speaker 1: what it buys you. So, I mean, these guys are smart,
Speaker 1: they know the system is dying, and so yeah, I
Speaker 1: I definitely think that kicking the can has been going
Speaker 1: on since that's not actually something that's new. But I
Speaker 1: think they know that we're at the end game because
Speaker 1: every currency, actually everything has a life cycle. I'm definitely
Speaker 1: at a different point at sixty six than I am
Speaker 1: at my granddaughter at six years old, and currencies are
Speaker 1: no different. And really, you know, if you if you
Speaker 1: look at the monetary velocity chart, what you see is
Speaker 1: that in the M two, so a little bit broader
Speaker 1: base of money, it peaked in and so then they
Speaker 1: did financial engineering and they jury rigged this, and they
Speaker 1: jury rigged that to create more money in the system,
Speaker 1: but it still did not increase the speed at which
Speaker 1: money changes hands. And you know, really good point. All
Speaker 1: they have left is money printing. And you know, I've
Speaker 1: been I pay a lot of attention to the monetary
Speaker 1: velocity chart, and what I'm seeing is that it's declining again.
Speaker 1: We got a little teeny bump up. I said, we
Speaker 1: have to see, this has to be pervasive, and it's not.
Speaker 1: It has not been pervasive. It's the most current graph.
Speaker 1: I was just looking at it earlier. Today it's declining again.
Speaker 1: So all of the rule changes. Um, you changing reg D,
Speaker 1: which they did in again to create that velocity by
Speaker 1: allowing banks you make a deposit into your account, and
Speaker 1: I think this is critical for people really to understand.
Speaker 1: You make a deposit into your account at a bank,
Speaker 1: they sweep those funds into sub accounts for the bank.
Speaker 1: They can then use that equity to borrow for their
Speaker 1: benefit and do anything they want to with it. But
Speaker 1: really importantly that means they don't have to hold as
Speaker 1: much in reserve. Okay. Now, currently there is another regime
Speaker 1: shift that just went to final on I think February
Speaker 1: one of this year, but they put it in place
Speaker 1: in March of last year. A change in reg D
Speaker 1: where savings deposits and money markets, which are considered sticky
Speaker 1: in other words, you put the money in there and
Speaker 1: you're going to keep it in there for a long time,
Speaker 1: have been shift did into the same area as checkable deposits,
Speaker 1: so you're right to check. So that again reduces the
Speaker 1: bank's requirement to hold reserves. But what does that really
Speaker 1: do to the money that you are holding in the
Speaker 1: bank thinking that it's safe. It makes it less safe.
Speaker 1: It's more leveraged out for sure. Yeah, especially with everything
Speaker 1: that's happening with the banks with derivatives, you know, and
Speaker 1: the and the tools that they've used to hide the
Speaker 1: value at risk, but your deposits aren't safe. Yeah, yeah,
Speaker 1: that's interesting. Um, it seems like this whole system, I mean,
Speaker 1: we're built, as you said, on an inflationary system. It's
Speaker 1: all artificially. It's a debt based system. And so it
Speaker 1: seems like I like to I always like to take
Speaker 1: these very complex subjects and like try to break them
Speaker 1: down super simple, like first principles. I feel like if
Speaker 1: I can understand them there, then I can understand at
Speaker 1: a higher level. And I look at things like natural law,
Speaker 1: like gravity. I don't care, you know, as I get
Speaker 1: more money and more technology, I can defy gravity a
Speaker 1: little bit, but I'm always going to have to, um,
Speaker 1: you know, be bound by that law. And we have
Speaker 1: another law that's like um sewing and reaping. We must
Speaker 1: produce before we consume things like that, and so like um,
Speaker 1: another natural law I believe is that human ingenuity always
Speaker 1: leads to deflation. We create a room bus so it
Speaker 1: sweeps the floor. I don't have to sweep it. Now
Speaker 1: I wanted a robot so I don't have to clean
Speaker 1: in the house, like you know what I mean. We
Speaker 1: I used to buy DVD s and now I stream
Speaker 1: all my music for my my movies from five bucks
Speaker 1: a month. So it's like natural deflation. So that's like
Speaker 1: natural law is like deflationary, but like we live in
Speaker 1: an inflationary monetary system. That's like fighting against natural laws.
Speaker 1: And it almost seems like the world or I should say,
Speaker 1: the markets know this, and they're always trying to de leverage,
Speaker 1: and then the FED keeps trying to pump it back up. Well,
Speaker 1: I would say that that's really, um, really a good
Speaker 1: and accurate assessment, because inflation and deflation. You know, people
Speaker 1: think they're two different things, but they're really not. They're
Speaker 1: just the flip side of the same coin. And the
Speaker 1: only way that you can fight deflation is with inflation.
Speaker 1: And at the end of the day, when you look
Speaker 1: at what they're doing, whether we go to negative rates,
Speaker 1: which would really be hyper deflationary, right, you're gonna go
Speaker 1: out and spend if it's visible to you that the
Speaker 1: balance in your bank account is going down and you
Speaker 1: know you're not spending any money just because of the
Speaker 1: negative rates, So that will encourage you to go out
Speaker 1: and buy anything that you think is going to hold
Speaker 1: its value better. And the same thing happens in hyperinflation,
Speaker 1: where you see the value declining because the price in
Speaker 1: nominal terms is going up so rapidly. So you're gonna
Speaker 1: push again that consumption forward. So you know when I
Speaker 1: get that question, I get that question a lot. Well,
Speaker 1: what about deflation versus it's really at the end of
Speaker 1: the day, it's going to both of them are going
Speaker 1: to push the consumers to consume, to just attempt to
Speaker 1: maintain value because the dollars don't or the euros, or
Speaker 1: the end or any government money by design, it does not,
Speaker 1: but it does enable that massive amount of income and
Speaker 1: wealth and equality, which is something else that has become
Speaker 1: very very visible to most people. And I don't know,
Speaker 1: maybe create a revolution, maybe there's a revolution that's already started.
Speaker 1: You know, I don't think they understood what they were
Speaker 1: fighting for and occupy Wall Street after acial crisis that
Speaker 1: happened in two thousand and seven and eight. They don't
Speaker 1: understand it. Yeah, they don't know. They didn't understand it,
Speaker 1: so they didn't really have a foundation. I don't know
Speaker 1: that people really fully understand it now. But I think
Speaker 1: I think more do going back to your bitcoin. Yeah.
Speaker 1: Well A good point of this is I just I
Speaker 1: just did a video on YouTube, I think yesterday, and
Speaker 1: I talked about UM. I was talking about how Wall
Speaker 1: Street and institutions have started taking over rental real estate
Speaker 1: across the company. And then I turned it into a
Speaker 1: Twitter thread, and um, I got all these comments and
Speaker 1: some people were like, we need to make this illegal.
Speaker 1: We need to make it where institutions can't buy no, no,
Speaker 1: investors should build to buy single family homes and all
Speaker 1: those things. And I'm like, look, that's not the problem.
Speaker 1: The problem is there's a money printer, and the money
Speaker 1: printer is giving it to the banks and they're getting
Speaker 1: free money and buying this up. Shut the money printer off.
Speaker 1: And so I think that's exactly what we're saying here,
Speaker 1: Like people see the problem like, wow, the American dream,
Speaker 1: it's the great American real estate heights. That's what I
Speaker 1: called it. Um. But I watched that video. It was excellent,
Speaker 1: by the way, Okay, thank you, UM. But but it's
Speaker 1: it's not about making new laws turn the money printer off, right, right,
Speaker 1: you know That's what I said, that they don't change
Speaker 1: behavior they just change the rules that make that okay
Speaker 1: legal hidden what have you. The financial engineering. Yeah, the problem.
Speaker 1: The problem are the people at the top that created
Speaker 1: this system that is specifically designed to have just a few.
Speaker 1: I mean, it's kind of like we're going back to
Speaker 1: the feudal system. Just have a few at the top
Speaker 1: that own everything. Hey, you will own you will own nothing,
Speaker 1: and you will be happy. Yeah, so happy, so happy,
Speaker 1: and gets who gets to dictate everything? But yes, and
Speaker 1: we saw that right after two and eight. Yeah, and
Speaker 1: that's some corporations, Blackstone Estate, and that's exactly that's exactly right.
Speaker 1: It goes back to a feudal system where the surf
Speaker 1: just rent the l end right from from those. So
Speaker 1: that's that's that's a that's a good segue. So let's
Speaker 1: go ahead and transition into that. Obviously, the own nothing,
Speaker 1: be happy, great, reset, currency, reset, you know, whatever we
Speaker 1: want to call those things. Um, it seems that the NGOs,
Speaker 1: the three letter organizations, they have this agenda for us.
Speaker 1: Um one that I'm not happy and I'm not going
Speaker 1: to be content with letting happen, so I've been working
Speaker 1: against that. But um, they have this agenda of of
Speaker 1: own nothing, and be happy, which means, of course, well,
Speaker 1: if we don't own anything, then who owns it? Right?
Speaker 1: We just talked about that, that serfdom um and this
Speaker 1: currency reset that's kind of happening, and it seems like
Speaker 1: through these booms and bus we get these wealth transfers.
Speaker 1: So that's what I made the case in that video. Hey,
Speaker 1: they suck everybody into real estate and then they crash
Speaker 1: it and then the bank's own it. Um, And maybe
Speaker 1: that's kind of the way that we get to that
Speaker 1: right uh maybe right right now, the stock markets sucking
Speaker 1: everybody in at all time highs. Everybody's bailing the currency
Speaker 1: to get into stocks. But then what happens when that crashes? Um?
Speaker 1: What do you see as like I mean you said,
Speaker 1: and again I asked you that question, like maybe they're
Speaker 1: not trying to save it, they're trying to wait until
Speaker 1: it's ready, um, so ready for what? Like what do
Speaker 1: you think the plan is or how does this kind
Speaker 1: of unfold? Is it crashing the markets where people lose
Speaker 1: everything and then they're forced to rent and then they
Speaker 1: introduce a new form of money. Do you have like
Speaker 1: a kind of a working thesis on that? Well, you know,
Speaker 1: absolutely never let a good crisis go to waste, right,
Speaker 1: And I think that they've taken the pandemic. You know,
Speaker 1: I hesitated only because I've read a lot of the
Speaker 1: Wuhan lab notes. Yeah, so they've known about it for
Speaker 1: a long time. But it and and we're on YouTube,
Speaker 1: so right right, So, but but they've taken that opportunity
Speaker 1: to squash a lot of the revolutions that started, you know,
Speaker 1: right around the Great Recession when the income and wealth
Speaker 1: and equality really occurred. So just interrupt, interrupt you. I
Speaker 1: hate to interrupt you. But for most people, they don't
Speaker 1: know before that happened. I believe there was eight countries
Speaker 1: in the world with like a million people each marching
Speaker 1: and then it was gone exactly. So you know, we
Speaker 1: use they they use these crisis We can use them too.
Speaker 1: But they use this crisis to transfer the wealth because
Speaker 1: who's going to complain if they can get you to volunteer,
Speaker 1: which is what we're seeing in the stock market right
Speaker 1: and the real estate market to some degree, because there
Speaker 1: are people that are bidding up individuals that are you know,
Speaker 1: paying way above market current market which is inflated anyway. Um,
Speaker 1: But what I see is a huge crisis, then everybody
Speaker 1: going help me, help me, help me, and then they
Speaker 1: agree to whatever they have to agree to to survive.
Speaker 1: So I definitely see U B I coming in universal
Speaker 1: basic income because the whole entire your social structure is changing.
Speaker 1: I mean, it absolutely is, and I think we've already
Speaker 1: begun that transition to it. But they've built a consumer
Speaker 1: driven economy, so the consumers have to consume. I just
Speaker 1: looked at it again this morning. We have right now
Speaker 1: a savings rate of about twenty seven I think it's
Speaker 1: twenty seven point three percent right now. Before the Great Recession,
Speaker 1: it was the lowest that it had been going all
Speaker 1: the way back to when they started tracking it. Now
Speaker 1: it's really high because of all of this money, that
Speaker 1: taxpayer money, I might say, that is being given away,
Speaker 1: and you know necessarily, I mean they couldn't. They couldn't
Speaker 1: do what they did in two thousand and eight in
Speaker 1: by giving it just to the banks and the upper echelon.
Speaker 1: So they had to spread that out so people feel
Speaker 1: like they're getting something. But I'm hearing lots of stories
Speaker 1: about businesses having trouble hiring because of all of those
Speaker 1: added benefits. It would cost them more too, uh go
Speaker 1: to work than it does to stay home and collect
Speaker 1: the benefits. So you know, I see lots of free
Speaker 1: lunches so that people go along and they don't revolt
Speaker 1: against it. And I also see you know, I think
Speaker 1: right now is like a twenty nine twenties position. You know,
Speaker 1: don't worry, be happy because of all of the money
Speaker 1: printing as they were kicking off this whole system, and
Speaker 1: that that's where we are. So ultimately there will be
Speaker 1: a crash because they need to have that crash when
Speaker 1: they take that money, spick it away, um, and then
Speaker 1: people will accept. I mean, I hope this is not true.
Speaker 1: I really hope this is not true. That's what your
Speaker 1: work is about. That's what my work is about. But
Speaker 1: for most p bull not paying any attention at all
Speaker 1: and thinking things are just normal. Well, we're about to
Speaker 1: see a major rash of inflation that is transitory, but
Speaker 1: amition is never really transitory. Can vary, but it's constantly
Speaker 1: eroding the value that you and I work for, the
Speaker 1: purchasing power value. That's why I convert any excess into
Speaker 1: gold and into silver immediately so that I'm back on
Speaker 1: that gold standard. Hey, sorry to interrupt this video just
Speaker 1: one more time. I'm not running Google ads, so it's
Speaker 1: actually way less interruption than I normally would have on
Speaker 1: a video. UM and that's because it's sponsored by block
Speaker 1: five UM. They are opening up the world of bitcoin
Speaker 1: and financial products offering to pay you interest on your bitcoin.
Speaker 1: Um better than own in a rental property that you
Speaker 1: have to manage and control and have the risks. You
Speaker 1: can just earn interest on it, or you can leverage
Speaker 1: against it. Now, I plan to hold my bitcoin forever
Speaker 1: and literally never sell my bitcoin. So how do you
Speaker 1: do that? Well, if I need money, I don't want
Speaker 1: to sell that bitcoin. I'm gonna pay tax on it,
Speaker 1: all right, I'm gonna end up with less, and I
Speaker 1: don't have the bitcoin anymore. So a better way to
Speaker 1: do it is to borrow against the bitcoin. So I've
Speaker 1: put all my money into bitcoin. If I want to
Speaker 1: buy a car, or I want to buy a house,
Speaker 1: I can borrow against it at very very low competitive rates.
Speaker 1: Get my house, get my car, whatever that may be,
Speaker 1: and get to keep the bitcoin. I've done a whole
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Speaker 1: If you choose to click on that link to check
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Speaker 1: in free bitcoin just for using that link. And that's it.
Speaker 1: Let's go ahead and get back to the interview. I
Speaker 1: don't mind the restrictions. I kind of like them. Yeah,
Speaker 1: now I want to talk about this. You you studied,
Speaker 1: uh currency cycles, and I believe there's a new currency.
Speaker 1: I made a video I called it the Secret Money Layer,
Speaker 1: and uh, I'm talking about the I M right. Um,
Speaker 1: before we get into that, though, you you brought up derivatives,
Speaker 1: and I watched a video from you, I think months ago,
Speaker 1: and you were talking about, um, a reset of the
Speaker 1: derivatives market or or shifting the index, the libor index
Speaker 1: over into the software index, and how that's an unknown
Speaker 1: amount of money, a quadrillion dollars potentially whatever even that means, whatever,
Speaker 1: whatever even that means, and uh, like anything could go wrong, right,
Speaker 1: we don't know, and and if it does, I mean
Speaker 1: that that's a quadrillion dollars that could like crashed and
Speaker 1: they were working on a test, and then like things
Speaker 1: kind of went dark on that. What phill Us in
Speaker 1: on that a little bit, Well, last October, you know,
Speaker 1: the the originally the end date for the libar, which
Speaker 1: is an interest rate index against which all contracts have
Speaker 1: been well, the eyeboars have been written, and last August
Speaker 1: the number was nominal number was six forty trillion, which
Speaker 1: means nobody knows the true value at risk. It just
Speaker 1: what they agreed the contracts were worth. And but it
Speaker 1: once it was leaked that this was a stated number,
Speaker 1: so that was during the Great Financial Crisis. Well, then
Speaker 1: they had to change that. So they ran a test
Speaker 1: in this country on eighty trillion of those derivative contracts
Speaker 1: to convert them into SOFA, which is the new benchmark
Speaker 1: that the US Federal Reserve has created, other central banks
Speaker 1: have created some other ones. And and like you said,
Speaker 1: it went dark. There was absolutely no mention of it.
Speaker 1: And then about three weeks ish something like that, they
Speaker 1: came out and said, well, we're gonna postpone this until
Speaker 1: three which is interestingly enough and coincidentally enough, the same
Speaker 1: date that the FED anticipates having the fed coin ready
Speaker 1: for distribution. So I think they did the test. I
Speaker 1: think the test failed, and so they had to try
Speaker 1: to buy more time. But it's a big experiment because
Speaker 1: it's never been done before. Yeah, and and one wrong
Speaker 1: move could trigger the biggest crash we've ever seen in
Speaker 1: the history of mankind. And it could just be an accident, Yes, exactly.
Speaker 1: I mean, you know, just look at I think two
Speaker 1: thousand and eight was just a little taste of what
Speaker 1: we have in the future to the destruction of the
Speaker 1: entire current system. Justification then, because you never let a
Speaker 1: good crisis go to waste. For all the new systems
Speaker 1: that they're wanting to put in place. But if we
Speaker 1: have the same people running the new systems as the
Speaker 1: old systems, then you have to wonder whose benefit they
Speaker 1: will be run for because it's not going into b
Speaker 1: or is some mind? Yeah? Now, um, going back now,
Speaker 1: switching back to that currency a little bit. So we
Speaker 1: have obviously, you know, the the US dollar reserve currency
Speaker 1: of the world meeting the end of its life cycles
Speaker 1: as you're saying, um, and and and the FED running
Speaker 1: out of tools left what to do. Um, but a
Speaker 1: lot of people, I mean, I'm sure you're familiar with
Speaker 1: with the Triffins Triffin's dilemma, and maybe having the reserve
Speaker 1: currency of the world isn't such a good thing, especially
Speaker 1: for the American people. It benefited for a little while,
Speaker 1: probably got us through the eighties, but right now it
Speaker 1: seems to be actually the weight around our neck pulling
Speaker 1: us to the bottom of the ocean. Um. And so
Speaker 1: maybe getting and we see the world is de dollarizing.
Speaker 1: I mean it's been de dollarizing pretty fast at a
Speaker 1: rapid rate right now between Russia, China, Iran, et cetera,
Speaker 1: Golden oil um. So it's de dedollarizing really quickly. Um.
Speaker 1: And then we have this I m F s DR
Speaker 1: thing starting a six fifty billion dollar SDR allocation um,
Speaker 1: Like is do you see? And I think that benefits China.
Speaker 1: I think China probably benefits from going to a SDR
Speaker 1: and they're probably working with the I m F. UM.
Speaker 1: Do you think there's a sort of maybe a transfer
Speaker 1: from the US dollar reserve currency over to like an
Speaker 1: I m F SDR basket in the near future or
Speaker 1: in the future. That is exactly what I've been talking
Speaker 1: about since two thousand and nine. And China was actually
Speaker 1: the first one to bring it up and say what
Speaker 1: about the SDR. And the SDR was created to take
Speaker 1: over back in sixty nine to take over as the
Speaker 1: world reserve currency from the US dollar. So yeah, they
Speaker 1: have a substitution fund that is set up so if
Speaker 1: you're holding any dollar denominated assets, you just deposit them
Speaker 1: in there. And then at least in theory, the I
Speaker 1: m f can regulate the speed at which the dollars
Speaker 1: come back to the US. So can it keep inflation,
Speaker 1: you know, at bay or at a reasonable level so
Speaker 1: that people don't realize what's happening. But I definitely the
Speaker 1: SDR makes sense to be the world reserve currency run
Speaker 1: by the I m f M. I'm not saying I
Speaker 1: like this, mind you, but I'm just saying it really
Speaker 1: is logical because it's a basket of currencies, and they
Speaker 1: can expand that basket to include every currency in the
Speaker 1: world if they want to. I mean, we've got a
Speaker 1: hundred and eighty nine members. They are hundred and nineties countries,
Speaker 1: so you know, um, so therefore you could have a
Speaker 1: global currency, the SDR, and then you could have that
Speaker 1: easily translate into local currencies. But the other part of that,
Speaker 1: and in this new digital world revolution that we're going into.
Speaker 1: The goal is really and I mean it's a double
Speaker 1: edged sword. The goal is to hold title to all
Speaker 1: wealth on these transferable and you know coins that can
Speaker 1: also travel around the world. So if you have equity
Speaker 1: in your house, for example, and we go through another
Speaker 1: crash in the real estate market and people are desperate
Speaker 1: like they were back in two thousand and eight and
Speaker 1: accepted really crappy terms, um, you know, then maybe one
Speaker 1: of those terms is that we'll okay, we'll give this
Speaker 1: to you, but you have to hold title on these coins.
Speaker 1: And by the way, they're all broken down into dollar amounts.
Speaker 1: So now and this is from the I m F,
Speaker 1: that's not from me. So now you can go to
Speaker 1: the mall and you can see that that suit that
Speaker 1: you want or something that you want. Because we're thought
Speaker 1: to we're taught to think short term and spend your equity,
Speaker 1: and somebody in China or elsewhere in the world can
Speaker 1: easily own the equity in your house. And if you've
Speaker 1: chosen to spend it, who A, you're gonna blame so
Speaker 1: um and and all of that would be under the
Speaker 1: control of the I m F, which are Treasury secretaries
Speaker 1: and central bank chiefs, unelected officials that I don't even
Speaker 1: have to pay taxes anywhere, Yeah, because they're part of
Speaker 1: the I m F. Yeah, it seems like maybe one
Speaker 1: of these these game plans would be as well. Where like,
Speaker 1: you know, banking is sort of sent decentralized in a
Speaker 1: sense where I have my local bank and regional banks
Speaker 1: and commercial banks and they all work under the Federal Reserve,
Speaker 1: which is a US bank, and then other countries have
Speaker 1: the same set kind of set up with a central bank, um,
Speaker 1: and then we have the B I S or the
Speaker 1: I m F above that kind of the central bank
Speaker 1: above central banks. So it's like this the stack, right,
Speaker 1: And you know, I go to my local bank and say, hey,
Speaker 1: I want to set up an avocado stand, and he's like, Mark,
Speaker 1: avocados don't grow here. That's a stupid idea. I'm not
Speaker 1: going to loan you the money. Or that's a great idea.
Speaker 1: And so there's kind of like that local knowledge and
Speaker 1: and that's that decentralization, right. But the central bank digital
Speaker 1: currency allows the central bank to basically send money directly
Speaker 1: to the depositor, and so you could you could go
Speaker 1: in theory. I think this is what you're saying, the
Speaker 1: I m F could issue a SDR CBDC directly to
Speaker 1: me bypassing the whole stack, getting rid of that. Is
Speaker 1: that kind of what you were saying or you're seeing, Well,
Speaker 1: then they definitely could do that, and they're definitely talking
Speaker 1: about doing that. Um. I think what they're trying to
Speaker 1: figure out right now. Like your local bank or your
Speaker 1: regional or wherever you bank, you have a sticky relationship
Speaker 1: with them. I mean, you don't go and change banks
Speaker 1: all the time, and so they kind of know who
Speaker 1: you are with the technology, they know your habits. The
Speaker 1: central bank unless these two merge the scent and and
Speaker 1: they're under the auspices of the central bank, they don't
Speaker 1: They don't know who you are and they don't know
Speaker 1: what your habits are. But they need all of that information,
Speaker 1: which they'll get. They will, they will definitely get the information.
Speaker 1: And and therefore, you know, for governments, they love it
Speaker 1: because hey, they can do lifetime taxes, right, they can
Speaker 1: just follow that whole string. But the central banks then
Speaker 1: have immediate control of your of their policy and to
Speaker 1: know whether or not that policy is working and if
Speaker 1: they want you to consume. They just push those interest
Speaker 1: rates deeper into negative territory and inspire that. So while
Speaker 1: they can go direct to consumer, I think it's a
Speaker 1: little bit more challenging for them to do that, to
Speaker 1: have all of the data, you know, I mean, what
Speaker 1: would they do absorb all of the data. I mean,
Speaker 1: you're seeing the mergers between thin tech and traditional banking.
Speaker 1: We've been watching that for a while because of those
Speaker 1: two dynamics. The banks have the long term sticky relationship,
Speaker 1: but the internet companies have all the data and no no,
Speaker 1: all your habits. So bringing those two together is really powerful.
Speaker 1: You layer on the five G and and the AI
Speaker 1: and next thing you know, they have all the data
Speaker 1: and they can sift through it and sort it all.
Speaker 1: You know. Ah, man, that's a lot of stuff, and
Speaker 1: it's a it's a scary world. I think. Uh. One
Speaker 1: thing you had started out in the beginning and you
Speaker 1: talked about, um, you study currency cycles, and then you
Speaker 1: mentioned social economic and financial system. I have this working
Speaker 1: thesis I'm working on about cycles converging, and I'm looking
Speaker 1: at them. I like to always pull history into my
Speaker 1: my videos because I love I love the historical lessons
Speaker 1: there and I've been looking at like a like a
Speaker 1: political cycles, economic cycles, and technology cycles, and like it's
Speaker 1: interesting how they're all converging right now. UM. One of
Speaker 1: in the political or societal cycles, UM, one of them.
Speaker 1: There's several of them that are in that bucket. One
Speaker 1: of them might be like the fourth turning, UM, where
Speaker 1: like every years you kind of have the cycle. And
Speaker 1: in that fourth turning, which a lot of people think
Speaker 1: we're there right now, we see massive change happening in
Speaker 1: a very short amount of time. And so it seems
Speaker 1: like that's kind of what we have this decade. Here
Speaker 1: we are, you know, one year in the decade and
Speaker 1: by nine years from now, you want nothing to be happy. UM.
Speaker 1: We do know that there's massive change in front of us,
Speaker 1: and the the NGOs, the non not elected, the elites
Speaker 1: have one you know path for us. Hopefully we have
Speaker 1: a different path, UM, and we know we know that
Speaker 1: it's going to be turbulent, whatever is going to happen.
Speaker 1: So I'm curious what your kind of thoughts of your
Speaker 1: game plan are for that. UM. I heard you earlier
Speaker 1: talking about I think it was with our our mutual
Speaker 1: friend Jake, UM kind of talking about maybe you know,
Speaker 1: taking some of your wealth, which I think you're kind
Speaker 1: of storing in this hard assets, maybe putting some into
Speaker 1: cash flow assets, trying to kind of time that at
Speaker 1: different stages. Maybe could you walk us through some of
Speaker 1: that what you're thinking, absolutely, because looking at the cycles,
Speaker 1: there are just repeatable pattern and so even though you
Speaker 1: can't guarantee the future, the most likely outcome, if the
Speaker 1: same thing happens, then you want to be in that position.
Speaker 1: So it's it's good to understand them. So personally, what
Speaker 1: always happens at the end of a currency's life cycle,
Speaker 1: when all confidence in the government and the currency is lost,
Speaker 1: is they bring a component of gold into the new currency.
Speaker 1: Then that gets people to trust it again and and
Speaker 1: then over time they will go ahead and remove it.
Speaker 1: So for me, I want to be in the currency
Speaker 1: that they're going to reset the fiat money too, which
Speaker 1: is gold, and then gold goes to its fundamental or
Speaker 1: its true value, which is really Again you know, you're
Speaker 1: about history. So what is the most important function that
Speaker 1: gold performs. It can perform a lot because it's used
Speaker 1: across the entire UH global economic system, But in my opinion,
Speaker 1: the single most important function of goal old is to
Speaker 1: hold its purchasing power intact. And that goes back to
Speaker 1: what you were talking about. Why you've got gold somewhere
Speaker 1: around eighteen hundred or so at the moment it's breaking out. Yeah, yeah,
Speaker 1: it's still extremely suppressed. So what I'm in is I'm
Speaker 1: in my accumulation phase where I accumulate silver for day
Speaker 1: to day barter ability. That's its functionality for me, and
Speaker 1: I accumulate different kinds of gold for UH to do
Speaker 1: different functions. Like we're talking about real estate, and the
Speaker 1: biggest threat for most people are number one the mortgage
Speaker 1: and number two the property taxes. And we've certainly been
Speaker 1: seeing a massive rise of property taxes. That's how governments
Speaker 1: get them money, municipalities, etcetera. And I expect that trend
Speaker 1: to continue. I absolutely agree with you. Um So I'm
Speaker 1: I'm just accumulating as well as puting in food, water, energy, security, community,
Speaker 1: and shelter. So that's that's the whole mantra. Now, when
Speaker 1: I see a confirmation, I mean, right now, you've got
Speaker 1: income producing real estate here just as an example, and
Speaker 1: you have gold and silver down here and value. But
Speaker 1: this will flip flop, and then my intention is to
Speaker 1: grab some of some of the gold and converted into
Speaker 1: income producing assets or even the cryptocurrencies that are going
Speaker 1: to survive this because I don't think anybody knows. I mean,
Speaker 1: Wall Street is clearly chosen Bitcoin, and you're seeing a
Speaker 1: wider and wider adoption, so that could certainly be the
Speaker 1: one that survives. Isn't that little flower that's allowed, but um,
Speaker 1: that doesn't really generate income, but the income producing assets
Speaker 1: like rights, water rights, mineral rights, um, income producing assets,
Speaker 1: real estate, etcetera. So that's my personal game plan that
Speaker 1: then will generate income that I can never outlive. And
Speaker 1: then it's also a foundation if it's set up properly,
Speaker 1: to transfer the wealth to my family, my children, my grandchildren, etcetera,
Speaker 1: who hopefully will take good care of Yeah, what I've accomplished. Yeah,
Speaker 1: So I I the way that I kind of see
Speaker 1: that from a big picture, and this is exactly the
Speaker 1: way that I see it as well. But kind of
Speaker 1: what you're saying is that we want to put our
Speaker 1: money or our income on whatever, our money into a
Speaker 1: good storehold of wealth that because we see massive turmoil
Speaker 1: ahead and probably a massive crash ahead, right, a big
Speaker 1: crash ahead. Lots of economists, and it seems pretty easy
Speaker 1: to see that maybe a market drops in front of us.
Speaker 1: So we put our wealth into a storehole that can
Speaker 1: hold that through that drop, and then we take that
Speaker 1: and buy at the at the cell of a lifetime.
Speaker 1: And now we can buy assets that are that are
Speaker 1: super cheap because we've been able to preserve our wealth.
Speaker 1: And so we talked about in that video I just
Speaker 1: did kind of how they used the two thousand eight
Speaker 1: crash to transfer the wealth from homeowners to banks. Well,
Speaker 1: if you would, if you were able to hold your
Speaker 1: wealth and buy at two thousand nine, ten eleven twelve,
Speaker 1: you also made a lot of money. So it's about
Speaker 1: being able to keep that wealth to buy in at
Speaker 1: that cell print price. Right, So exactly right. Um what
Speaker 1: I'm and I'm a real estate investor twenty years, have
Speaker 1: been investing in real estate. Um. What scares me a
Speaker 1: little bit though, is then we go to a little
Speaker 1: political stuff where you see you know, obviously the rent
Speaker 1: you know, moratoriums or eviction moratoriums. We see uh some
Speaker 1: you know, Rashida whatever her name, and you know, uh
Speaker 1: senators you know, calling for an end to payments into rent. Um.
Speaker 1: So then you kind of and as you know, you've
Speaker 1: been studying this long enough, like throughout times like this,
Speaker 1: you have this populist uprising, right, and so it's easy
Speaker 1: to see how that so well, it's it's hard to see, like, man,
Speaker 1: how does real estate hold up if the government says
Speaker 1: you can't collect rent anymore and by the way, you
Speaker 1: can't kick people out. Um, that's gonna be pretty difficult. Well,
Speaker 1: you know, it's not just this one little piece. It's
Speaker 1: all of the products, the Wall Street products that have
Speaker 1: been sold into the pension plans and and other retirement plans,
Speaker 1: the income from that rent that have been you know,
Speaker 1: turned into products and sold. So it's kind of like
Speaker 1: this massive domino effect. And you're right, it is hard
Speaker 1: to see. The other piece is with Wall Street buying
Speaker 1: up all the real estate? Are they they're doing it?
Speaker 1: Um borrowed money and at some point that debt has
Speaker 1: to well, number one, it has to restructure unless the
Speaker 1: language is in there. And what I also found really
Speaker 1: interesting with the transition from libor too in this country
Speaker 1: so far is that they were having trouble getting adoption
Speaker 1: and when they had, when Powell had the opportunity with
Speaker 1: all the debt that they were issuing to force that market.
Speaker 1: He did not. He fell back on libor. So that
Speaker 1: even goes to these contracts. What's the fall back language
Speaker 1: and the contracts. I'm sure it's in there that they
Speaker 1: can transfer from libor to so to so far because
Speaker 1: it's too close to call. But um, if all of
Speaker 1: that leverage is in the real estate market and interest
Speaker 1: rates move up and that debt has to be either
Speaker 1: well you have to service it, roll it over, or
Speaker 1: default on it, I think there's going to be a
Speaker 1: tremendous amount of real estate that comes on the market.
Speaker 1: And and once all the moratoriums are lifted, but hey,
Speaker 1: let's make a permanent. They can't make a permanent because
Speaker 1: right now they're subsidizing the rents and the mortgages that
Speaker 1: aren't getting paid. I mean, and we never hear anybody
Speaker 1: talk about that, but they have to because of the
Speaker 1: products that are created from these things. I want to uh,
Speaker 1: I want to start transitioning. We'll kind of close our
Speaker 1: closing this out. I have a kind of a question
Speaker 1: I want to ask you, but before we do, I uh,
Speaker 1: I want to take a second just to address the
Speaker 1: cryptocurrency part. UH, you watch my channel, so you know
Speaker 1: I'm a I'm a bitcoin guy. The one thing I
Speaker 1: would just draw your attention to is that, uh I was.
Speaker 1: I became a very big gold gold bug, and I
Speaker 1: still talk about gold quite a bit on my channel. Um.
Speaker 1: What I realized after a while, it's because we need
Speaker 1: sound money, right like we we can't have money. Money
Speaker 1: is communication. Money is what what coordinates the entire world,
Speaker 1: the entire economy. And when they start pumping fake money
Speaker 1: and it messes up communication, we end up bubbles and
Speaker 1: everything everywhere. Right. Um. But after being a gold bug
Speaker 1: for a long time, I found out really what I
Speaker 1: am is on a sound money advocate. I'm definitely advocate
Speaker 1: for sound money, yeah, um, and having that restraint, right,
Speaker 1: we can't just artificially create that. Um. The one thing
Speaker 1: I would just point out to you since you have
Speaker 1: me and maybe you have a question, but um, what
Speaker 1: I believe that the real innovation, the technological revolution is
Speaker 1: is um censorship resistance. And so from the beginning of
Speaker 1: time I had a problem. I had to build a
Speaker 1: kingdom because your your kingdom was gonna come attack me
Speaker 1: and take my goat chickens and my gold from the
Speaker 1: beginning of time, we've had to protect our wealth. The
Speaker 1: government is here to protect the wealth from other countries. Um.
Speaker 1: But now I have I can store my wealth and
Speaker 1: a censorship resistant way that nobody can take cryptographically security
Speaker 1: twelve words in my head. Nobody can take it, not
Speaker 1: even a government. Now there's not one of the other
Speaker 1: eight thousand cryptocurrencies that have that ability. There's only one,
Speaker 1: and it's because of the network that's been built out.
Speaker 1: And to me, that is what changes the game. And
Speaker 1: I love gold, and I, like I said, I talked
Speaker 1: about it, I recommended I own it. Um. The problem
Speaker 1: is that gold didn't make the jump into the Internet.
Speaker 1: So you and I are zooming from across the world. Um,
Speaker 1: but I can't send you gold, but I could send
Speaker 1: you bit in right now, and so like there's there's
Speaker 1: an advantage there, But really it's that censorship resistance. So
Speaker 1: I guess the point that I just want to make
Speaker 1: is that when you talk about crypto, and you talked
Speaker 1: about maybe the one flower that makes it out of
Speaker 1: the eight thousand or whatever they're there, there's only one
Speaker 1: that has the property. It's kind of like gold is
Speaker 1: the only one that has the property. Is there's a
Speaker 1: bunch of other metal, but there's only one gold. And
Speaker 1: so there's a there's eight thousand cryptos, but there's only
Speaker 1: one that's censorship resistant, and there will never be another
Speaker 1: one there. There can't ever be another one. So anyway,
Speaker 1: I thought i'd throw that out there for you. Well,
Speaker 1: I appreciate it because I really learn as much as
Speaker 1: I can, and I learn from everybody that's out there,
Speaker 1: and I I don't you know, I'm not an engineer,
Speaker 1: so I don't really understand how all of that works.
Speaker 1: But I do know that bitcoin. They even said it
Speaker 1: on CNBC where it used to be outside of the system,
Speaker 1: and that's the way it was sold. Now it is
Speaker 1: completely inside the system, so and they can trace you know,
Speaker 1: you may have that where they can't get it from you. Um, however,
Speaker 1: they know when you're spend thing end so UM, I
Speaker 1: think there's uh, there's two things there. One bitcoin is anonymous,
Speaker 1: but it's not private, so the whole blockchain is open.
Speaker 1: But that's the whole point, right, So the currency system
Speaker 1: is permissioned. When I moved to Puerto Rico, took me
Speaker 1: twenty six days to get permission to open a bank account.
Speaker 1: Two billion adults in the world aren't on the banking
Speaker 1: system because they don't have permission, but anybody could download
Speaker 1: a bitcoin wallet and beyond the bitcoin system, so it's
Speaker 1: permission list, and it's also trust list. With gold, we
Speaker 1: have to trust or with the dollars, I have to
Speaker 1: trust the FED not to just create a bunch more money. Uh,
Speaker 1: if they have gold on the glos intero to trust
Speaker 1: they have the Golden vault um. But bitcoin is is
Speaker 1: trust list because it's an open network, so anybody can
Speaker 1: see it. But that also causes anybody to be able
Speaker 1: to see it, So it's it's it's a it's a
Speaker 1: pleasant coin, but it is it is, but it but
Speaker 1: it isn't but it is anonymous, so we can see
Speaker 1: that this wallet has these coins, but we don't know
Speaker 1: who it is. They do have like AI software where
Speaker 1: they can start to kind of like try to draw lines,
Speaker 1: but there's there's dissident tech where there's privacy blocking things,
Speaker 1: and there's upgrades and whatever. But I think the point
Speaker 1: isn't um to evade taxes and to like you can't
Speaker 1: ever know I have money. I'm still gonna file my taxes.
Speaker 1: The point is back to the gold thing. You can't
Speaker 1: take it from me, right, And so I think that's
Speaker 1: the that's the killer feature, and there's like I said,
Speaker 1: there's just not another one. The other thing that's a
Speaker 1: killer feature is it's the only one. Well it's not
Speaker 1: the only one, but has a fixed supply cap, right,
Speaker 1: so it cannot be inflated past twenty one million, and
Speaker 1: so that's a pretty big deal. Um So, between those two,
Speaker 1: like I said, just when we talk about cryptocurrencies, there's
Speaker 1: only one that has those attributes. Um So I thought
Speaker 1: I just draw it to your attention. I would defer
Speaker 1: to you because I think you probably know a lot
Speaker 1: more about it than I do, so I'll say, okay,
Speaker 1: but I just always just love to share that. I
Speaker 1: appreciate that. I appreciate that, but I know that if
Speaker 1: I hold it, I own it. And you know, there
Speaker 1: are some good things about the cryptocurrencies. But I again,
Speaker 1: I think we've got battle lines that are being drawn
Speaker 1: between the central banks and the corporations and even some
Speaker 1: of the governments that are municipalities that are starting to
Speaker 1: adopt this, and it'll just be an interesting battle to see. Yeah.
Speaker 1: So all's out. Yeah, So but we're all fighting the
Speaker 1: same fight sound money stop stop doing this money printing?
Speaker 1: Um so transition a little bit. I'm just curious your
Speaker 1: take on this is something I kind of think about,
Speaker 1: right where like, um, we have these global elites and
Speaker 1: like they're running these you know, they have these plans
Speaker 1: whatever they have and uh, you know, you'll own nothing
Speaker 1: and you'll be happy in the libelar and all these
Speaker 1: things are doing. But like, don't they want to live
Speaker 1: in a nice world too? Don't they still need people
Speaker 1: to build their yachts in their their artificial intelligence software?
Speaker 1: Like don't they still want the world to function pretty
Speaker 1: much as it is? You know, I can't really answer
Speaker 1: that because I think when you get to that level
Speaker 1: that it's really more of a game than it is
Speaker 1: anything else, and power more than the money or or
Speaker 1: anything else. But yeah, I mean you would think that
Speaker 1: they would want that, but maybe the vision gives them
Speaker 1: more power because really, if they own everything, whoever owns
Speaker 1: it collects the rent on it and can dictate how
Speaker 1: much you're gonna pay. But who's going to invent Who's
Speaker 1: gonna invent the yacht? And who's going to invent the
Speaker 1: new sports car and build the resort for them to
Speaker 1: go to it all that well, I don't think, you know,
Speaker 1: you're still going to have those different levels in there,
Speaker 1: but the opportunities I think are going to be very restricted. Yeah,
Speaker 1: you know, unfortunately that that's my concern. And it's not
Speaker 1: such a concern for me because I'm sixty six, I'm
Speaker 1: got a third left of my life. But I'm more
Speaker 1: concerned about my grandchildren and my children. And that's the
Speaker 1: same question that everybody asks. And because you can envision it,
Speaker 1: you can't imagine that somebody else can envision it. But honestly,
Speaker 1: up at that level, you know, I mean they hire
Speaker 1: to sociopaths because they cannot the people that are making
Speaker 1: the people of the I m F, the B I
Speaker 1: S all of these financial decisions that have really a
Speaker 1: negative impact on everybody. They cannot care how their decisions
Speaker 1: have a global impact. And since you're not a sociopath,
Speaker 1: it would be hard for you to imagine. It's howig
Speaker 1: you are. You know, you don't present as one anyway, Um,
Speaker 1: but that's why it's hard to imagine the game that's
Speaker 1: being played with all of our lives. But to me,
Speaker 1: it's disgusting, And you know, I also want to just
Speaker 1: just say that everybody has to do what it is
Speaker 1: that they are comfortable doing. Since I've been studying currencies
Speaker 1: since you know, I'm comfortable with this because I've I've
Speaker 1: had this experience for most of my life. I think
Speaker 1: a truly balanced portfolio. You've got some intangibles by cryptocurrencies,
Speaker 1: but you have the tangibles to balance that out so
Speaker 1: that it really doesn't matter if you're right if you're wrong,
Speaker 1: you know. I mean, that's kind of what I ask myself.
Speaker 1: What if I'm right and what if I'm wrong? And
Speaker 1: if I can come up with choice or choices that
Speaker 1: make it so it doesn't matter if I'm right or wrong,
Speaker 1: you know, then that's where I'm gonna be. So I
Speaker 1: think balance in there is a key, not one maybe
Speaker 1: not one, maybe not the other, you know. And I'm
Speaker 1: not a speculator either, that's not that's kind of not
Speaker 1: the nature of the beast. Well, we covered a lot
Speaker 1: of ground. I'm gonna go ahead and wrap it up here,
Speaker 1: but I do just want to just tell everybody, um,
Speaker 1: remind everybody how we started this out, which is um,
Speaker 1: you know, there is turbulence ahead and unfortunately a lot
Speaker 1: of it is is very scary, but as we talked
Speaker 1: about in the beginning, if you're if you're skilled, if
Speaker 1: you're educated, if you're paying attention, if you're watching, could
Speaker 1: actually be massive opportunity. So this is not a message
Speaker 1: of doom and gloom, but this is a message that
Speaker 1: there's trouble ahead, um, but if you're skilled and you're
Speaker 1: paying attention, you can navigate and potentially come out ahead better.
Speaker 1: And I'd also like to encourage people just to if
Speaker 1: that's not a world that you like and you don't
Speaker 1: want to see that happen, then you should be doing
Speaker 1: something to make sure that doesn't happen as well. So
Speaker 1: I always you like to give people that that hope
Speaker 1: and give them that power. But is there anything that
Speaker 1: you'd like to end it with? Yes, you know, I
Speaker 1: really feel like we need to be as self sufficient
Speaker 1: and independent as possible to walk through this. And I
Speaker 1: think we got a little sip of what that looked
Speaker 1: like a year ago, when the grocery store shelves were
Speaker 1: bare and you couldn't get toilet paper. So, you know,
Speaker 1: I would encourage everybody to look at what their personal
Speaker 1: experience was during that period of time and see where
Speaker 1: you were most uncomfortable and then start to plug those holes.
Speaker 1: But understand that inflation is here, it's ever present, and
Speaker 1: it's going to heat up even more. We'll see what
Speaker 1: happens into this transition. Food, water, energy, security, barter ability,
Speaker 1: wealth preservation. Community is key as well as shelter. These
Speaker 1: are the things that we need. And if we can
Speaker 1: come together in community, then you know, you have a
Speaker 1: different skill set that I have, and and he has
Speaker 1: a different skill set than she has. And if we
Speaker 1: come together, then we can all be independent and help
Speaker 1: each other, because that's what we really need to do now.
Speaker 1: We have to come together and and support each other
Speaker 1: with our different skill sets. No one's coming to save you.
Speaker 1: Learn how to save yourself, organized with people that can
Speaker 1: help you on Central Bank. Yeah, exactly, exactly good stuff.
Speaker 1: I'm gonna make sure we're gonna link to um your
Speaker 1: YouTube channel and I t M trading down below in
Speaker 1: the show notes for everybody else. Is there anyhere else
Speaker 1: that people should follow you? Or? Those are two best places.
Speaker 1: Those are the two best places and Twitter, right, and
Speaker 1: so I mean there are all those normal places as well. Yeah,
Speaker 1: if you start there, you'll get to the rest of them.
Speaker 1: All right lad, thanks so much my pleasure, Thank you,
Speaker 1: Y