1 00:00:13,760 --> 00:00:16,880 Speaker 1: You wouldn't put all of your money into a single stock, 2 00:00:16,920 --> 00:00:20,599 Speaker 1: would you. Well, why would you have your entire life 3 00:00:21,079 --> 00:00:24,439 Speaker 1: in one single country. Why would you have all of 4 00:00:24,480 --> 00:00:28,800 Speaker 1: your risk into one jurisdiction that could potentially work against you. 5 00:00:29,120 --> 00:00:31,360 Speaker 1: Now a year ago this might have seemed like a 6 00:00:31,360 --> 00:00:35,240 Speaker 1: crazy question, but today we're seeing governments around the world 7 00:00:35,320 --> 00:00:38,960 Speaker 1: shut down lock in their citizens. Many countries around the 8 00:00:39,000 --> 00:00:41,479 Speaker 1: world are doing this right now. And if you haven't 9 00:00:41,520 --> 00:00:44,640 Speaker 1: taken the time to think through what it takes to 10 00:00:44,720 --> 00:00:47,879 Speaker 1: be a sovereign man, or actually say a sovereign individual, 11 00:00:48,000 --> 00:00:51,120 Speaker 1: sovereign woman, to really be free, to be able to 12 00:00:51,600 --> 00:00:54,840 Speaker 1: direct your life as you see fit without a government 13 00:00:55,320 --> 00:00:58,160 Speaker 1: locking you down, without a government tracking you or trapping 14 00:00:58,160 --> 00:01:00,000 Speaker 1: you in, then you need to take time to think 15 00:01:00,040 --> 00:01:03,960 Speaker 1: about that. Now. Somebody who's probably the most instrumental in 16 00:01:04,080 --> 00:01:07,800 Speaker 1: really shaping my worldview over the last decade is someone 17 00:01:07,880 --> 00:01:10,200 Speaker 1: by the name of Sovereign Man. Writes a newsletter called 18 00:01:10,200 --> 00:01:12,440 Speaker 1: Sovereign Man, and I've been reading it for over a decade, 19 00:01:12,440 --> 00:01:15,160 Speaker 1: and I have him on the show today to talk 20 00:01:15,200 --> 00:01:18,600 Speaker 1: to us about what we can do to become more 21 00:01:18,720 --> 00:01:21,920 Speaker 1: sovereign to protect our freedom. Um, so we can have 22 00:01:22,000 --> 00:01:23,640 Speaker 1: more freedom in our life, things that we can do, 23 00:01:23,760 --> 00:01:25,880 Speaker 1: think through as far as in our own state, our 24 00:01:25,880 --> 00:01:28,520 Speaker 1: own country, out of the country, ways that we can 25 00:01:28,560 --> 00:01:31,039 Speaker 1: protect our own sovereignty and freedom. Like I said, this 26 00:01:31,120 --> 00:01:33,160 Speaker 1: is this is the guy that's really helped shape my 27 00:01:33,200 --> 00:01:35,840 Speaker 1: worldview over the last decade. I'm so happy to sit 28 00:01:35,840 --> 00:01:38,400 Speaker 1: down with him today. We have so many good topics, 29 00:01:38,400 --> 00:01:40,800 Speaker 1: so many questions that I had to dig through with him. 30 00:01:40,800 --> 00:01:44,560 Speaker 1: So don't miss it. Let's just jump right in. Hey, everyone, 31 00:01:44,600 --> 00:01:46,840 Speaker 1: welcome to another episode of the Market Instructor Show, and 32 00:01:46,880 --> 00:01:49,760 Speaker 1: today I am joined by Simon Black. He's the founder 33 00:01:49,800 --> 00:01:52,880 Speaker 1: of Sovereign Man, which is a newsletter in service that 34 00:01:52,920 --> 00:01:57,280 Speaker 1: I've been subscribed to for about a dozen years. Highly recommended. Um, 35 00:01:57,680 --> 00:01:59,920 Speaker 1: I've really been looking forward to this interview. So Simon, 36 00:02:00,000 --> 00:02:03,600 Speaker 1: thanks so much for joining us. Thanks very much. So, 37 00:02:04,200 --> 00:02:06,520 Speaker 1: you know, for whatever a decade or a dozen years, 38 00:02:06,560 --> 00:02:08,480 Speaker 1: how long we've been doing you've been writing this newsletter 39 00:02:08,960 --> 00:02:13,280 Speaker 1: Sovereign Man, and uh, it's really about being a sovereign man. 40 00:02:13,320 --> 00:02:15,239 Speaker 1: Why don't you just kind of give us a background 41 00:02:15,320 --> 00:02:17,880 Speaker 1: on on what you're doing and what the Sovereign Man 42 00:02:18,040 --> 00:02:21,200 Speaker 1: is about. Uh, well, I mean you you know, we 43 00:02:21,200 --> 00:02:23,360 Speaker 1: were gonna talk about it earlier. You joked, maybe I 44 00:02:23,400 --> 00:02:26,920 Speaker 1: was ten years ahead of my time, but the whole 45 00:02:26,960 --> 00:02:30,200 Speaker 1: concept really was. At a certain point, I think a 46 00:02:30,280 --> 00:02:33,200 Speaker 1: rational person has got to look around and say, this 47 00:02:33,360 --> 00:02:36,560 Speaker 1: is something doesn't feel right here about a lot of things. 48 00:02:36,600 --> 00:02:40,080 Speaker 1: I think when you whether you're looking at um the 49 00:02:40,120 --> 00:02:43,400 Speaker 1: way you were personally living your life, are now allowed 50 00:02:43,440 --> 00:02:46,239 Speaker 1: to live your life, or if you look at financial 51 00:02:46,280 --> 00:02:48,520 Speaker 1: markets or just a lot of things that don't make 52 00:02:48,520 --> 00:02:50,120 Speaker 1: any sense. I mean, I think you could look at 53 00:02:50,160 --> 00:02:55,440 Speaker 1: everything from stocks that trade at times earnings or um 54 00:02:55,800 --> 00:02:58,400 Speaker 1: bonds that have negative interest rates, or banks that have 55 00:02:58,480 --> 00:03:01,800 Speaker 1: negative interest rates, or the fact that you know, you 56 00:03:01,840 --> 00:03:04,880 Speaker 1: have governments that for months and months and months were 57 00:03:04,880 --> 00:03:06,840 Speaker 1: telling people you weren't allowed to leave your house and 58 00:03:06,880 --> 00:03:09,320 Speaker 1: go outside, or that you have to you know, you 59 00:03:09,360 --> 00:03:11,240 Speaker 1: were going to take away your freedom unless you go 60 00:03:11,320 --> 00:03:14,600 Speaker 1: and take get this injection. Um uh and all these 61 00:03:14,600 --> 00:03:16,640 Speaker 1: sorts of things. Now we're going to go and you know, 62 00:03:16,680 --> 00:03:18,520 Speaker 1: now we're going to tell this. You know, we're going 63 00:03:18,560 --> 00:03:21,280 Speaker 1: to tell the school children that you know, kids as 64 00:03:21,280 --> 00:03:23,840 Speaker 1: young as four years old, that you're either a victim 65 00:03:23,960 --> 00:03:26,560 Speaker 1: or you're an oppressor. And at a certain point, I 66 00:03:26,639 --> 00:03:28,520 Speaker 1: think any rational person has got to step back, go 67 00:03:28,600 --> 00:03:31,760 Speaker 1: this just something is wrong here, something is seriously wrong. 68 00:03:31,800 --> 00:03:35,520 Speaker 1: And I think really what we try to do is, 69 00:03:35,840 --> 00:03:38,960 Speaker 1: you know, it's all around, saw that trend quite a 70 00:03:38,960 --> 00:03:43,560 Speaker 1: long time ago, and just try to articulate really about 71 00:03:43,640 --> 00:03:46,640 Speaker 1: what is wrong and what's right and the different things 72 00:03:46,680 --> 00:03:47,920 Speaker 1: I think that we can do about it to live 73 00:03:48,440 --> 00:03:53,480 Speaker 1: you know, really richer and freer life. Yeah. One thing 74 00:03:53,520 --> 00:03:55,200 Speaker 1: that I picked up from you, you know, like I 75 00:03:55,200 --> 00:03:58,720 Speaker 1: said a decade ago, was just a simple fact, like 76 00:03:58,840 --> 00:04:02,280 Speaker 1: you wouldn't put all your money in one's stock How 77 00:04:02,280 --> 00:04:04,800 Speaker 1: do you have your whole life in one country? And 78 00:04:04,800 --> 00:04:07,840 Speaker 1: so I always I've always thought about that as just 79 00:04:07,920 --> 00:04:11,840 Speaker 1: general risk management, right exactly. I mean it's just you 80 00:04:11,880 --> 00:04:14,120 Speaker 1: would diversify everything else that you know that you have 81 00:04:14,160 --> 00:04:16,839 Speaker 1: the important stuff in your life, you know, you would diversify. 82 00:04:16,839 --> 00:04:18,800 Speaker 1: You wouldn't even necessarily keep all of your money in 83 00:04:18,880 --> 00:04:21,880 Speaker 1: one bank. People have like different bank accounts and different 84 00:04:21,880 --> 00:04:25,840 Speaker 1: places and and certainly different types of investments and things 85 00:04:25,839 --> 00:04:27,799 Speaker 1: like that, not even in different stocks and even different 86 00:04:27,800 --> 00:04:30,520 Speaker 1: asset classes. Some people might own some stocks, they might 87 00:04:30,560 --> 00:04:33,080 Speaker 1: own some bonds and some cryptocurrency and different things like that. 88 00:04:33,160 --> 00:04:35,080 Speaker 1: But you know, you look at it, and you step 89 00:04:35,120 --> 00:04:37,440 Speaker 1: back and you take the really fifty foot view and 90 00:04:37,480 --> 00:04:40,599 Speaker 1: you realize, wait a minute, everything in my entire life 91 00:04:41,560 --> 00:04:44,520 Speaker 1: is in the United States or Canada or the UK 92 00:04:44,800 --> 00:04:48,719 Speaker 1: or Australia or whatever. And you realize that something goes 93 00:04:48,760 --> 00:04:52,360 Speaker 1: wrong in that place and every other thing in my life. 94 00:04:52,600 --> 00:04:56,560 Speaker 1: I have my life, my lifestyle, my whatever, my healthcare, 95 00:04:56,720 --> 00:05:00,280 Speaker 1: my financial investments, my savings, my business, my employe ease, 96 00:05:00,400 --> 00:05:04,080 Speaker 1: my home residents, my family and their education. All these 97 00:05:04,080 --> 00:05:06,800 Speaker 1: things are all tied up in this and this one basket. 98 00:05:07,640 --> 00:05:09,880 Speaker 1: Um and so something goes wrong with that basket, then 99 00:05:09,920 --> 00:05:12,560 Speaker 1: all these things, you know, things since started it wrong 100 00:05:12,640 --> 00:05:15,240 Speaker 1: very quickly. And so the idea is just basically using 101 00:05:15,240 --> 00:05:19,480 Speaker 1: the concept diversification, but geographic diversification as well. Start spreading 102 00:05:19,640 --> 00:05:22,920 Speaker 1: spreading that that risk around a little bit uh to 103 00:05:22,920 --> 00:05:25,839 Speaker 1: to the entire globe. And when you really start thinking globally, 104 00:05:25,880 --> 00:05:28,640 Speaker 1: you realize that in fact, the world really is a 105 00:05:28,680 --> 00:05:30,719 Speaker 1: big place and there's a lot of options and a 106 00:05:30,720 --> 00:05:34,080 Speaker 1: lot of opportunities out there. Um that for a lot 107 00:05:34,080 --> 00:05:37,680 Speaker 1: of people, I think, especially in North America, they grow 108 00:05:37,760 --> 00:05:40,440 Speaker 1: up and they have a view that anything outside of 109 00:05:40,440 --> 00:05:44,960 Speaker 1: my home country is is wrong or lower quality or 110 00:05:45,000 --> 00:05:46,600 Speaker 1: you know whatever, and and and there really is when 111 00:05:46,600 --> 00:05:49,200 Speaker 1: you actually open your mind to all the different possibilities 112 00:05:49,200 --> 00:05:51,200 Speaker 1: that are out there, you find that there's just a really, 113 00:05:51,240 --> 00:05:54,400 Speaker 1: honestly a whole world of opportunity. They can dramatically improve 114 00:05:54,440 --> 00:05:57,599 Speaker 1: your lifestyle and your freedom and possibly your uh, you know, 115 00:05:57,640 --> 00:06:01,680 Speaker 1: your financial position, your business opportunity, these investment opportunities, etcetera. 116 00:06:01,760 --> 00:06:03,960 Speaker 1: So it's just something that makes a lot of sense, 117 00:06:04,000 --> 00:06:06,080 Speaker 1: and we like to say there's not really any downside 118 00:06:06,120 --> 00:06:09,080 Speaker 1: to it at all. Hey guys, let me just interrupt 119 00:06:09,160 --> 00:06:11,760 Speaker 1: this interview real quick, just to plug the show sponsor, 120 00:06:11,839 --> 00:06:14,760 Speaker 1: and that is block Fi. Now. Block five is doing 121 00:06:14,800 --> 00:06:18,120 Speaker 1: amazing things in the bitcoin finance space. As a matter 122 00:06:18,120 --> 00:06:20,240 Speaker 1: of fact, they've cracked some really big news by bringing 123 00:06:20,279 --> 00:06:24,360 Speaker 1: on the x cftc UM chair Chris gian Carlo Um 124 00:06:24,400 --> 00:06:27,520 Speaker 1: and they are one of the most transparent, most heavily 125 00:06:27,560 --> 00:06:30,400 Speaker 1: regulated UM companies inside the United States, which gives me 126 00:06:30,440 --> 00:06:33,120 Speaker 1: a lot of trust into what the services are. Now. 127 00:06:33,120 --> 00:06:35,919 Speaker 1: I've recently did a video talking about how to retire 128 00:06:36,040 --> 00:06:38,880 Speaker 1: off of bitcoin, and you can do that by leveraging 129 00:06:38,960 --> 00:06:42,520 Speaker 1: debt and interest against bitcoin. And block five is the 130 00:06:43,200 --> 00:06:45,240 Speaker 1: number one company in the United States or maybe in 131 00:06:45,240 --> 00:06:48,000 Speaker 1: the world to go to and use UM. They are 132 00:06:48,080 --> 00:06:50,200 Speaker 1: leading the charge of their paying interest on your bitcoin 133 00:06:50,240 --> 00:06:52,200 Speaker 1: if you park it with them, or you can borrow 134 00:06:52,240 --> 00:06:54,080 Speaker 1: against it. Now, as I broke down in that video, 135 00:06:54,320 --> 00:06:56,720 Speaker 1: you can borrow against your bitcoin, and when you take 136 00:06:56,760 --> 00:06:59,840 Speaker 1: debt against it, it's not taxable. It's not taxable. Event 137 00:07:00,040 --> 00:07:01,560 Speaker 1: you can use that debt for anything that you want, 138 00:07:01,560 --> 00:07:04,080 Speaker 1: including to live off of, to leverage up and buy more, 139 00:07:04,240 --> 00:07:06,599 Speaker 1: or roll it into another asset. UM. You can do 140 00:07:06,640 --> 00:07:09,080 Speaker 1: something like I've done recently, like sell some real estate 141 00:07:09,279 --> 00:07:12,120 Speaker 1: put that money into bitcoin. Now as that bitcoin price 142 00:07:12,160 --> 00:07:14,320 Speaker 1: has risen, I'm able to borrow against it and go 143 00:07:14,360 --> 00:07:16,720 Speaker 1: back and buy the same real estate or something similar, 144 00:07:16,920 --> 00:07:19,960 Speaker 1: and I still own the bitcoin, and I also own 145 00:07:20,040 --> 00:07:22,040 Speaker 1: the new asset as well. Lots of ways you can 146 00:07:22,080 --> 00:07:24,600 Speaker 1: do this UM and block five is the company that 147 00:07:24,680 --> 00:07:27,120 Speaker 1: I recommend. Down in the description, I have a link 148 00:07:27,160 --> 00:07:28,800 Speaker 1: that you can click on. If you choose to use 149 00:07:28,840 --> 00:07:30,320 Speaker 1: that link, you can earn up the two h fifty 150 00:07:30,320 --> 00:07:32,920 Speaker 1: dollars in bitcoin just for using that link. So check 151 00:07:32,920 --> 00:07:36,240 Speaker 1: out block by now. Yeah, So I want to I 152 00:07:36,240 --> 00:07:38,520 Speaker 1: want to dig into kind of what's going on in 153 00:07:38,520 --> 00:07:40,720 Speaker 1: the developed world, like you said North America versus other 154 00:07:40,760 --> 00:07:43,200 Speaker 1: parts of the world, and then get into specifically, like 155 00:07:43,600 --> 00:07:46,600 Speaker 1: some things that people could do to regain sovereignty have 156 00:07:46,680 --> 00:07:49,400 Speaker 1: that insurance plan. Um, so we'll talk about those things. 157 00:07:49,440 --> 00:07:53,440 Speaker 1: But um, I guess, uh, you know, like, like we've said, 158 00:07:53,520 --> 00:07:55,520 Speaker 1: you've been talking about this for a decade, it's never 159 00:07:55,560 --> 00:07:57,800 Speaker 1: been easier to do this than it is today because 160 00:07:57,840 --> 00:07:59,720 Speaker 1: of now being able to do zoom like we're doing 161 00:07:59,800 --> 00:08:02,360 Speaker 1: right out, um, and all these things. Of course money 162 00:08:02,480 --> 00:08:05,440 Speaker 1: is all digital as well, so it's easy. But I 163 00:08:05,480 --> 00:08:08,200 Speaker 1: guess someone like me, who's even been paying attention to 164 00:08:08,200 --> 00:08:10,360 Speaker 1: this for a decade and it's really my world view, 165 00:08:10,480 --> 00:08:12,600 Speaker 1: I still like feel like maybe I haven't done enough 166 00:08:12,640 --> 00:08:15,360 Speaker 1: to diversify. And I guess probably a lot of people 167 00:08:15,400 --> 00:08:18,480 Speaker 1: think of it like insurance, Like I don't want to 168 00:08:18,520 --> 00:08:21,480 Speaker 1: leave my home country and my home, but if things 169 00:08:21,480 --> 00:08:23,800 Speaker 1: were to fall apart, well, I should probably have that 170 00:08:23,880 --> 00:08:25,840 Speaker 1: insurance in place. Do you think that's how kind of 171 00:08:25,880 --> 00:08:27,480 Speaker 1: most people look at it? Or you would look at it, 172 00:08:27,560 --> 00:08:29,440 Speaker 1: you might, yeah, I mean in the same way most 173 00:08:29,440 --> 00:08:31,440 Speaker 1: people don't want to write a check for a life 174 00:08:31,440 --> 00:08:33,599 Speaker 1: insurance policy either. Most people don't want to write a 175 00:08:33,679 --> 00:08:36,480 Speaker 1: check for their you know, for their flood insurance whatever. 176 00:08:36,480 --> 00:08:39,120 Speaker 1: But by god, you're glad you did h if the 177 00:08:39,120 --> 00:08:41,400 Speaker 1: time comes and you might actually need it. Um. The 178 00:08:41,440 --> 00:08:43,080 Speaker 1: thing is, most of the things that we're talking about, 179 00:08:43,080 --> 00:08:46,679 Speaker 1: I mean, insurance, um and men respects can cost and 180 00:08:46,720 --> 00:08:48,320 Speaker 1: cost a lot of money. But a lot of things 181 00:08:48,400 --> 00:08:50,520 Speaker 1: that that you know, we talk about, and some of 182 00:08:50,559 --> 00:08:52,800 Speaker 1: the steps that people can take to you know, to 183 00:08:52,800 --> 00:08:56,280 Speaker 1: really kind of take control back over large parts of 184 00:08:56,320 --> 00:09:00,000 Speaker 1: their lives don't necessarily even need to cost a thing, um. 185 00:08:59,800 --> 00:09:03,760 Speaker 1: And in order they do there or incredibly low cost. 186 00:09:03,840 --> 00:09:06,839 Speaker 1: And so I mean just moving money for example, Uh, 187 00:09:06,880 --> 00:09:09,280 Speaker 1: to say, okay, you've got a percent of your assets 188 00:09:09,280 --> 00:09:12,320 Speaker 1: in this one bank account that's in your home country. 189 00:09:12,320 --> 00:09:15,560 Speaker 1: And so something happens, some guy decides, um, you know, 190 00:09:15,640 --> 00:09:20,600 Speaker 1: to just file some ridiculously frivolous lawsuit because you own 191 00:09:20,640 --> 00:09:22,520 Speaker 1: a restaurant and you know one of your you know, 192 00:09:22,520 --> 00:09:24,560 Speaker 1: you had some waiter is fifteen years old who spared 193 00:09:25,000 --> 00:09:27,760 Speaker 1: poured coffee on one of your patrons. I said, because 194 00:09:27,760 --> 00:09:31,160 Speaker 1: I did that when I was fifteen working the restaurant. Um. 195 00:09:31,280 --> 00:09:33,319 Speaker 1: And uh, you know, so now you get sued and 196 00:09:33,400 --> 00:09:35,360 Speaker 1: it's like now all your your entire life and your 197 00:09:35,400 --> 00:09:39,360 Speaker 1: livelihood now is tied up in this thing because you 198 00:09:39,400 --> 00:09:41,920 Speaker 1: didn't bother to take steps to diversify and protect your assets. 199 00:09:41,920 --> 00:09:43,600 Speaker 1: When you can go and open up another bank account 200 00:09:43,679 --> 00:09:47,120 Speaker 1: somewhere else, you can withdraw physical cash from a bank 201 00:09:47,280 --> 00:09:49,959 Speaker 1: or gold, you know, by by gold, and move it 202 00:09:50,040 --> 00:09:52,280 Speaker 1: overseas to a lot of these things are really just 203 00:09:52,320 --> 00:09:54,760 Speaker 1: a question of transferring one asset to another in a 204 00:09:54,760 --> 00:09:57,959 Speaker 1: way that doesn't respects really cost you anything. This is 205 00:09:58,000 --> 00:10:00,320 Speaker 1: a question of moving some items on your ballot sheet 206 00:10:00,360 --> 00:10:02,840 Speaker 1: around a little bit um, as opposed to even incurring 207 00:10:02,880 --> 00:10:06,240 Speaker 1: any expenses. Um. Something like a second passport is another 208 00:10:06,240 --> 00:10:08,600 Speaker 1: great example. A lot of people don't even realize that 209 00:10:08,640 --> 00:10:10,679 Speaker 1: they might be in line for a second passport simply 210 00:10:10,720 --> 00:10:14,240 Speaker 1: because of their ancestry to parents or grandparents or something 211 00:10:14,280 --> 00:10:17,839 Speaker 1: like that. And they can basically waltz into any number 212 00:10:17,840 --> 00:10:21,079 Speaker 1: of embassies in a situation where they're entitled to another 213 00:10:21,200 --> 00:10:24,920 Speaker 1: nationality virtually for free. They've maybe got to fork over, 214 00:10:25,200 --> 00:10:28,640 Speaker 1: you know, sixty euros for you for a passport on 215 00:10:28,760 --> 00:10:30,719 Speaker 1: the process of paperwork, and that's it. So, I mean, 216 00:10:30,720 --> 00:10:34,040 Speaker 1: we're talking about stuff that, um, you know we're talking 217 00:10:34,040 --> 00:10:37,480 Speaker 1: about I mean, in business an investment. We talk a 218 00:10:37,480 --> 00:10:40,920 Speaker 1: lot about it. Mean this concept about um, you know, uh, 219 00:10:41,720 --> 00:10:44,679 Speaker 1: value that sort of locked up and about unlocking value 220 00:10:44,679 --> 00:10:47,160 Speaker 1: and value potential realities. A lot of people have things 221 00:10:47,240 --> 00:10:50,280 Speaker 1: they might already not even realize are on their sort 222 00:10:50,280 --> 00:10:52,760 Speaker 1: of personal balance sheets. UM that sort of if you 223 00:10:52,760 --> 00:10:55,040 Speaker 1: think about you've got a sovereign balance sheet in a way, 224 00:10:55,400 --> 00:10:57,560 Speaker 1: and you've got something that's on your sovereign balance sheet, 225 00:10:57,559 --> 00:11:00,800 Speaker 1: maybe you're entitled to, um, you know, I can citizenship 226 00:11:00,880 --> 00:11:02,559 Speaker 1: or something like that. It's a great example, and it's 227 00:11:02,559 --> 00:11:05,040 Speaker 1: sort of this potential that's locked up there. It takes 228 00:11:05,120 --> 00:11:07,000 Speaker 1: very little effort in many respects to just go and 229 00:11:07,160 --> 00:11:09,800 Speaker 1: unlock that potential that you have that can be a 230 00:11:09,880 --> 00:11:14,000 Speaker 1: significant increase in the quality of your life, and more importantly, 231 00:11:14,040 --> 00:11:17,079 Speaker 1: to think about it like an insurance policy. Second passport 232 00:11:17,160 --> 00:11:20,880 Speaker 1: is an insurance policy. A foreign bank account or gold 233 00:11:21,040 --> 00:11:24,920 Speaker 1: stored another jurisdiction. These are just another type of insurance 234 00:11:24,960 --> 00:11:27,880 Speaker 1: policy to ensure that if if something happens, you're going 235 00:11:27,920 --> 00:11:30,520 Speaker 1: to be in a position strength and even if nothing 236 00:11:30,520 --> 00:11:32,480 Speaker 1: bad ever happens, you're not going to be worse all 237 00:11:32,600 --> 00:11:35,480 Speaker 1: for it. Right, Yeah, I really want to dig into 238 00:11:35,880 --> 00:11:37,160 Speaker 1: a lot of that stuff that you just said and 239 00:11:37,520 --> 00:11:40,120 Speaker 1: get into maybe some kind of more specific stuff that 240 00:11:40,120 --> 00:11:43,840 Speaker 1: people can think through about regaining sovereignty. Before we dive 241 00:11:43,840 --> 00:11:45,600 Speaker 1: into those specifics, I want to just jump back a 242 00:11:45,640 --> 00:11:47,920 Speaker 1: little bit to get a bigger picture. One thing that 243 00:11:47,960 --> 00:11:51,120 Speaker 1: I really like that you've always done, and I get 244 00:11:51,120 --> 00:11:53,280 Speaker 1: it in your in your email newsletters. Are should just 245 00:11:53,320 --> 00:11:54,840 Speaker 1: get that email news letter if you like these topics. 246 00:11:54,840 --> 00:11:58,640 Speaker 1: But I really love how you pull these historical narratives 247 00:11:58,640 --> 00:12:01,480 Speaker 1: in UM fans of my channel, though on most of 248 00:12:01,480 --> 00:12:03,760 Speaker 1: my YouTube videos I try to pull a historical narrative 249 00:12:03,760 --> 00:12:06,200 Speaker 1: and as well. So I love that UM really really 250 00:12:06,240 --> 00:12:08,719 Speaker 1: interests me, and so I'm curious with that kind of 251 00:12:08,800 --> 00:12:10,400 Speaker 1: view that you have. You know, you have this good 252 00:12:10,480 --> 00:12:12,240 Speaker 1: view of history and then at the same time, where 253 00:12:12,240 --> 00:12:16,640 Speaker 1: we're at today. I know you travel the world a lot, UM, 254 00:12:16,720 --> 00:12:18,439 Speaker 1: What do you think, I mean, where do you see 255 00:12:18,480 --> 00:12:21,559 Speaker 1: that we're at? I guess using history as a guide, 256 00:12:21,600 --> 00:12:23,560 Speaker 1: I mean, we're at the end of the Roman Empire, 257 00:12:24,160 --> 00:12:26,199 Speaker 1: like we're at the final stages of a collapse or 258 00:12:26,280 --> 00:12:28,360 Speaker 1: like what, I guess what's your world view with that 259 00:12:28,440 --> 00:12:34,199 Speaker 1: historical lens? Uh? Well, I mean historically speaking, Rome, Roman 260 00:12:34,240 --> 00:12:36,440 Speaker 1: is always an interesting example. I mean, you've got the 261 00:12:36,559 --> 00:12:39,280 Speaker 1: sort of the western portion of Rome that lasted you know, 262 00:12:39,280 --> 00:12:41,280 Speaker 1: it was five hundred years as a republic and another 263 00:12:41,559 --> 00:12:43,920 Speaker 1: roughly five hundred years as an empire, but then it 264 00:12:44,000 --> 00:12:47,760 Speaker 1: really shifted east and and and lasted another thousand years 265 00:12:47,760 --> 00:12:50,120 Speaker 1: in the east, which is kind of interesting. I mean, 266 00:12:50,120 --> 00:12:53,320 Speaker 1: Byzantium was was really a thing until the mid four hundreds, 267 00:12:54,040 --> 00:12:58,080 Speaker 1: so we really had two thousand really years of Rome. 268 00:12:58,160 --> 00:13:01,080 Speaker 1: And so we can even look at say the you know, 269 00:13:01,160 --> 00:13:04,160 Speaker 1: the fourth century a D and see, well, the wheels 270 00:13:04,160 --> 00:13:06,480 Speaker 1: are really coming off the bus here, and yet it 271 00:13:06,559 --> 00:13:10,560 Speaker 1: still lasted another thousand years, um, you know, realistically beyond that. 272 00:13:10,720 --> 00:13:14,720 Speaker 1: So it's uh, it's great for metaphorical examples, but I 273 00:13:14,760 --> 00:13:17,319 Speaker 1: think from a historical respect of there're probably a lot 274 00:13:17,320 --> 00:13:19,959 Speaker 1: of other things, very specific instances. So I give you 275 00:13:19,960 --> 00:13:24,080 Speaker 1: an example, like last summer when uh, you know, the 276 00:13:24,120 --> 00:13:26,920 Speaker 1: streets were raging and everything was on fire and people 277 00:13:26,920 --> 00:13:28,840 Speaker 1: were out protesting and so forth. There's a lot of 278 00:13:28,920 --> 00:13:31,599 Speaker 1: you know, people saying, um, you know, it's like the 279 00:13:31,679 --> 00:13:35,679 Speaker 1: nineteen sixties all over again. Um, And I would say, well, 280 00:13:35,679 --> 00:13:39,079 Speaker 1: that's that's actually not true. It's like the two degree Yeah, sure, 281 00:13:39,080 --> 00:13:40,800 Speaker 1: it's nineteen sixties, but I think if you go back 282 00:13:40,840 --> 00:13:44,320 Speaker 1: to the hundreds and sixteen hundreds and see the Dutch 283 00:13:44,640 --> 00:13:49,880 Speaker 1: Revolutionary period, for example, when when the Netherlands today was 284 00:13:49,920 --> 00:13:52,280 Speaker 1: under control of the Spanish Empire, this is a very 285 00:13:52,320 --> 00:13:56,160 Speaker 1: interesting period of history because they had uh similar issues 286 00:13:56,240 --> 00:14:00,719 Speaker 1: where Protestant revolutionaries went in uh and and took out 287 00:14:00,760 --> 00:14:04,120 Speaker 1: all the Catholics, They ripped down all the monuments, they 288 00:14:04,160 --> 00:14:08,319 Speaker 1: went around you know, basically you had Catholic people out 289 00:14:08,320 --> 00:14:10,760 Speaker 1: in the streets that were that were you know, maybe 290 00:14:10,760 --> 00:14:13,600 Speaker 1: just having sitting at a cafe or a restaurant, and 291 00:14:13,600 --> 00:14:15,760 Speaker 1: all of a sudden, the mob of angry Protestants would 292 00:14:15,760 --> 00:14:18,640 Speaker 1: come over and uh, you know, and and and beat 293 00:14:18,679 --> 00:14:21,200 Speaker 1: them and assault them, and these sorts of things, and 294 00:14:21,200 --> 00:14:24,040 Speaker 1: and so we started to see these basically these origins 295 00:14:24,080 --> 00:14:28,400 Speaker 1: of different civil wars between groups and factions, most of 296 00:14:28,400 --> 00:14:31,560 Speaker 1: them were over religion. We saw the same thing in France, uh, 297 00:14:31,600 --> 00:14:34,800 Speaker 1: where you know, basically civil wars between the Protestants and 298 00:14:34,800 --> 00:14:36,680 Speaker 1: the Catholics. And at a certain point you kind of 299 00:14:36,680 --> 00:14:38,960 Speaker 1: have to look back and say, this is so weird, 300 00:14:39,480 --> 00:14:41,840 Speaker 1: uh that that these sorts of things happened. I mean, 301 00:14:41,840 --> 00:14:44,680 Speaker 1: we have the benefit of hindsight to say, you know, 302 00:14:44,760 --> 00:14:46,480 Speaker 1: you believed in the same God, you believe in the 303 00:14:46,560 --> 00:14:49,440 Speaker 1: same book, you believed in the same you know, basic principles. 304 00:14:49,520 --> 00:14:52,200 Speaker 1: You differed on a few details related to the Eucharist 305 00:14:52,200 --> 00:14:55,280 Speaker 1: and all these different things, and yet these minor details 306 00:14:55,280 --> 00:14:58,880 Speaker 1: you agreed on like of the of the common ground, 307 00:14:58,960 --> 00:15:00,760 Speaker 1: and differed on five percent of the details. And you 308 00:15:00,840 --> 00:15:03,720 Speaker 1: literally went to war and killed each other over this 309 00:15:03,840 --> 00:15:07,760 Speaker 1: five percent difference. And to me, that's that's kind of 310 00:15:07,760 --> 00:15:10,200 Speaker 1: where we are right now, because we're in this this 311 00:15:10,360 --> 00:15:15,240 Speaker 1: stage of pettiness where I think people generally agree on 312 00:15:15,360 --> 00:15:19,560 Speaker 1: basic things like racism is bad and it's stupid, or uh, 313 00:15:19,680 --> 00:15:21,760 Speaker 1: you know, I don't think I don't think anybody's has 314 00:15:21,760 --> 00:15:24,280 Speaker 1: ever stood up and said, I think COVID is great, 315 00:15:24,480 --> 00:15:26,280 Speaker 1: and you know, I think the virus should I think 316 00:15:26,280 --> 00:15:28,240 Speaker 1: more people should die at the virus. Nobody's going to 317 00:15:28,360 --> 00:15:31,680 Speaker 1: say that, right, because that's just dumb. Of course, you know, 318 00:15:31,720 --> 00:15:34,320 Speaker 1: any disease is bad. Excuse me, I think any disease 319 00:15:34,400 --> 00:15:36,800 Speaker 1: is bad. I don't think most people would agree on that. 320 00:15:36,880 --> 00:15:39,400 Speaker 1: Most people would probably agree that the you know, the 321 00:15:39,400 --> 00:15:41,560 Speaker 1: people that are the most vulnerable should you know, there 322 00:15:41,560 --> 00:15:44,200 Speaker 1: should be extra precautions taken, take care of people that 323 00:15:44,240 --> 00:15:47,400 Speaker 1: are that are that are extra vulnerable and could die, etcetera. 324 00:15:47,440 --> 00:15:51,640 Speaker 1: Then you get these you get these details, um, you know, 325 00:15:51,760 --> 00:15:54,240 Speaker 1: and many many of them are in some respect very 326 00:15:54,240 --> 00:15:57,560 Speaker 1: trivial details, and yet they cause people to erupt and 327 00:15:58,040 --> 00:16:02,040 Speaker 1: enraged states of even islands. And that's where we are 328 00:16:02,160 --> 00:16:07,120 Speaker 1: right now. And it's to me, you know. I was 329 00:16:08,360 --> 00:16:10,240 Speaker 1: if I could tell this story briefly. There was a 330 00:16:11,280 --> 00:16:15,040 Speaker 1: there's a center from Hawaii Daniel I think anyway, was 331 00:16:15,040 --> 00:16:18,880 Speaker 1: was how his last name was pronounced. This guy was 332 00:16:18,920 --> 00:16:24,600 Speaker 1: a recipient of the Medal of Honor uh and the 333 00:16:24,680 --> 00:16:28,480 Speaker 1: story is extraordinary. Um. He was his Medal of Honor. 334 00:16:28,600 --> 00:16:32,160 Speaker 1: Citation involves him taking this German machine gun nest. He 335 00:16:32,240 --> 00:16:34,560 Speaker 1: got his right arm blown off as he was about 336 00:16:34,560 --> 00:16:36,960 Speaker 1: to throw a grenade into a German machine gun nest. 337 00:16:37,000 --> 00:16:40,800 Speaker 1: This is in World War two and and and and 338 00:16:41,320 --> 00:16:43,960 Speaker 1: his arm was blown off and still had the grenade 339 00:16:44,040 --> 00:16:47,480 Speaker 1: in his right arm, and he reached over with his 340 00:16:47,600 --> 00:16:50,800 Speaker 1: left arm, which was still attached to his body, grabbed 341 00:16:50,800 --> 00:16:53,720 Speaker 1: the grenade out of the bloody stunt of his hand 342 00:16:53,800 --> 00:16:56,360 Speaker 1: that was no longer attached to his body, picked up 343 00:16:56,400 --> 00:16:58,560 Speaker 1: the grenade and threw it at the machine gun nest, 344 00:16:58,880 --> 00:17:01,440 Speaker 1: blew up the machine gun. US saved the day, saved 345 00:17:01,480 --> 00:17:04,199 Speaker 1: as men, you know, and you look at something like 346 00:17:04,240 --> 00:17:07,439 Speaker 1: that and you think, I mean, first of all, you know, 347 00:17:07,800 --> 00:17:12,200 Speaker 1: that's the stuff that you know, deep down, I think 348 00:17:12,280 --> 00:17:16,239 Speaker 1: flows through the veins of American culture. And and and 349 00:17:16,280 --> 00:17:19,560 Speaker 1: they and they locked that up. They locked that up. 350 00:17:19,960 --> 00:17:23,359 Speaker 1: They told everybody to stay home and be afraid. And 351 00:17:23,760 --> 00:17:25,560 Speaker 1: you know, and now I think they've they've been very 352 00:17:25,560 --> 00:17:27,960 Speaker 1: successful at that. But what's what's more interesting is that 353 00:17:28,080 --> 00:17:30,120 Speaker 1: is that as as you know, he was was recovering 354 00:17:30,119 --> 00:17:34,439 Speaker 1: from his wounds in the field hospital, he met another 355 00:17:34,480 --> 00:17:37,400 Speaker 1: soldier who was recovering from his wounds, guy named Bob Dole. 356 00:17:38,440 --> 00:17:40,920 Speaker 1: And both of them went on later to become U S. Senators. 357 00:17:40,920 --> 00:17:43,080 Speaker 1: And they were on the Senate floor. One was Democrat 358 00:17:43,080 --> 00:17:45,200 Speaker 1: and one was Republican. And I always hate talking about 359 00:17:45,200 --> 00:17:47,800 Speaker 1: political parties because it's not I have no dog in 360 00:17:47,840 --> 00:17:49,560 Speaker 1: the fight, doesn't matter to me. I think the kind 361 00:17:49,600 --> 00:17:52,240 Speaker 1: of all the same. But they were on opposite sides, 362 00:17:53,160 --> 00:17:55,280 Speaker 1: and at these two guys, who were both war heroes, 363 00:17:55,720 --> 00:17:59,280 Speaker 1: were able to come together and have civil discussion. Fine, 364 00:17:59,359 --> 00:18:01,800 Speaker 1: compromise is find common ground, to be able to figure 365 00:18:01,840 --> 00:18:05,119 Speaker 1: out a way forward because they both cared about the 366 00:18:05,160 --> 00:18:07,960 Speaker 1: good of the country. They differed on details, but they 367 00:18:08,040 --> 00:18:10,560 Speaker 1: knew that for the most part of the way, they 368 00:18:10,560 --> 00:18:13,240 Speaker 1: both cared about America, and they cared what the future 369 00:18:13,280 --> 00:18:16,080 Speaker 1: would hold, and they able to find common grounds. You 370 00:18:16,160 --> 00:18:22,439 Speaker 1: cannot do that anymore. It's so just dreadfully polarized. And 371 00:18:22,600 --> 00:18:25,080 Speaker 1: it's not just politics. It's all over social media, and 372 00:18:25,119 --> 00:18:28,760 Speaker 1: it's everything these dividing lines. You're vaccinated or you're not vaccinated. 373 00:18:28,920 --> 00:18:31,960 Speaker 1: You're masky or you're not masky. You say the names 374 00:18:32,040 --> 00:18:33,880 Speaker 1: or you don't say the names. You know, all these 375 00:18:33,920 --> 00:18:37,240 Speaker 1: things that it's like these huge dividing lines now that 376 00:18:37,320 --> 00:18:40,800 Speaker 1: are causing riffs and fall lines across society. That people 377 00:18:40,840 --> 00:18:44,200 Speaker 1: can't come together and have a basic civil conversation anymore. 378 00:18:44,560 --> 00:18:47,840 Speaker 1: To me, that's actually one of the scariest things. It's 379 00:18:47,840 --> 00:18:50,280 Speaker 1: not even about oh, the erosion of our freedom and 380 00:18:50,280 --> 00:18:53,320 Speaker 1: the government's blocking us down. It's the inability for too 381 00:18:53,440 --> 00:18:56,760 Speaker 1: human beings to have a basic conversation uh and just 382 00:18:56,880 --> 00:19:02,320 Speaker 1: respectfully disagree, uh and be the inability to find common ground. Uh. 383 00:19:02,359 --> 00:19:05,720 Speaker 1: That's where we are. I think as an entire planet. Yeah, 384 00:19:06,200 --> 00:19:09,280 Speaker 1: and now you know, anybody that disagrees with you is 385 00:19:09,320 --> 00:19:13,040 Speaker 1: a Nazi, uh, is an idiot, as you know, all 386 00:19:13,080 --> 00:19:15,440 Speaker 1: these things. And that's I think that the part that 387 00:19:15,600 --> 00:19:18,160 Speaker 1: is really disheartening because you have to go back a 388 00:19:18,280 --> 00:19:21,600 Speaker 1: very very very long way in history to find a 389 00:19:21,680 --> 00:19:26,720 Speaker 1: kind of a similar, uh similar disposition. Yeah, it's interesting. Uh, 390 00:19:26,760 --> 00:19:29,479 Speaker 1: it's it's not even just that it's so divided that 391 00:19:29,520 --> 00:19:32,760 Speaker 1: you have to pick a side, but anybody who even 392 00:19:32,840 --> 00:19:36,280 Speaker 1: recommends or says that maybe we should be tolerant, they 393 00:19:36,320 --> 00:19:39,160 Speaker 1: get canceled. And a good example would be Ellen DeGeneres, 394 00:19:39,240 --> 00:19:41,200 Speaker 1: who's you know, was you know, one of the first 395 00:19:41,280 --> 00:19:43,639 Speaker 1: kind of people that came out as as gay and 396 00:19:44,040 --> 00:19:47,600 Speaker 1: um really championed, you know, that progressive cause. And um 397 00:19:48,320 --> 00:19:50,159 Speaker 1: I think she took a picture with George Bush and 398 00:19:50,160 --> 00:19:52,720 Speaker 1: they attacked her for that and she made a comment about, hey, 399 00:19:52,760 --> 00:19:55,600 Speaker 1: like we could just be nice, and they canceled here 400 00:19:55,720 --> 00:19:59,240 Speaker 1: over that, right, Like, so even suggesting that we should 401 00:19:59,280 --> 00:20:03,920 Speaker 1: even talk to the other side gets you canceled. It's insane. Um, 402 00:20:03,960 --> 00:20:06,280 Speaker 1: I'm curious. So because you have this world view, I know, 403 00:20:06,440 --> 00:20:08,520 Speaker 1: you know, you've traveled all around the world and lived 404 00:20:08,520 --> 00:20:10,880 Speaker 1: out lived out of the country and things. You mentioned 405 00:20:10,880 --> 00:20:14,959 Speaker 1: something about the stage of pettiness and so, um, I 406 00:20:15,000 --> 00:20:17,280 Speaker 1: think about in the United States specifically, that's kind of 407 00:20:17,320 --> 00:20:20,399 Speaker 1: my most mostly of my worldview. Um. You know, we 408 00:20:20,480 --> 00:20:22,639 Speaker 1: have all these things that that people seem to be 409 00:20:22,640 --> 00:20:26,399 Speaker 1: petty about, um, whether that be you know, race or 410 00:20:26,480 --> 00:20:29,600 Speaker 1: gender or preference and like all these these things. Um. 411 00:20:29,640 --> 00:20:31,439 Speaker 1: And then I travel a lot out of the country 412 00:20:31,440 --> 00:20:32,560 Speaker 1: as well, and I spent a lot of time in 413 00:20:32,600 --> 00:20:35,399 Speaker 1: Mexico and Central America, and it seems like those people 414 00:20:35,440 --> 00:20:38,359 Speaker 1: down there, like they're struggling just to survive. They don't 415 00:20:38,359 --> 00:20:40,959 Speaker 1: have time for this pettiness, Like they don't try what, 416 00:20:41,200 --> 00:20:44,000 Speaker 1: they don't care what you call them, like like there's 417 00:20:44,040 --> 00:20:45,479 Speaker 1: nothing new to say to them is going to hurt 418 00:20:45,520 --> 00:20:48,720 Speaker 1: their feelings. They could care less about a sexual preference, um, 419 00:20:48,760 --> 00:20:51,040 Speaker 1: and they don't really have that pettiness. It almost seems 420 00:20:51,040 --> 00:20:53,840 Speaker 1: like it's the United States or maybe Europe developed world 421 00:20:53,840 --> 00:20:57,119 Speaker 1: that has like this this big feat currency benefits of 422 00:20:57,160 --> 00:21:00,359 Speaker 1: reserve currency status that that have this petty Its almost 423 00:21:00,359 --> 00:21:02,160 Speaker 1: like there's nothing else to complain about, but you don't 424 00:21:02,160 --> 00:21:06,000 Speaker 1: see another countries. Yeah, I agree. I mean pettiness is 425 00:21:06,000 --> 00:21:08,840 Speaker 1: the first world problem. Um, there's a there's an old quote. 426 00:21:08,840 --> 00:21:10,760 Speaker 1: I don't remember it exactly, but it was from John 427 00:21:10,800 --> 00:21:13,359 Speaker 1: Adams who said something along the lines of i' must 428 00:21:13,400 --> 00:21:17,080 Speaker 1: study politics and war so that my stun can study 429 00:21:17,400 --> 00:21:20,159 Speaker 1: science and mathematics, so that his son can study music 430 00:21:20,200 --> 00:21:23,160 Speaker 1: and literature. I'm paraphrasing, but it's kind of more or less, 431 00:21:23,240 --> 00:21:25,000 Speaker 1: and I would I would kind of add to that, 432 00:21:25,040 --> 00:21:27,720 Speaker 1: you know, so that his great grandson, you know, can 433 00:21:27,760 --> 00:21:31,840 Speaker 1: study you know, diversity and inclusion in gender studies. Basically, 434 00:21:31,840 --> 00:21:33,919 Speaker 1: so you get to a point where as a society, 435 00:21:34,040 --> 00:21:37,080 Speaker 1: you've become so successful that sure people have to go 436 00:21:37,200 --> 00:21:40,480 Speaker 1: and and you know, you don't have to worry about 437 00:21:40,560 --> 00:21:42,480 Speaker 1: how you're going to put food on the table anymore, 438 00:21:42,560 --> 00:21:44,159 Speaker 1: you know. I mean, these are the real problems that 439 00:21:44,200 --> 00:21:47,199 Speaker 1: a lot of people and other cultures have to deal with. 440 00:21:47,240 --> 00:21:50,520 Speaker 1: And it is in a way a little bit arrogant that, 441 00:21:51,280 --> 00:21:54,679 Speaker 1: you know, one of a very wealthy society sort of 442 00:21:54,720 --> 00:21:58,719 Speaker 1: expects and demands that very poor societies who honestly you're 443 00:21:58,800 --> 00:22:00,600 Speaker 1: just trying to struggle with figure how are they gonna 444 00:22:00,600 --> 00:22:03,359 Speaker 1: put food on the table, should sort of bow to 445 00:22:03,520 --> 00:22:07,520 Speaker 1: their uh social demands about about what we think the 446 00:22:07,560 --> 00:22:10,360 Speaker 1: priority of problems is and it's kind of an arrogant thing. 447 00:22:10,480 --> 00:22:12,840 Speaker 1: You're right, a lot of other societies, people the average 448 00:22:12,880 --> 00:22:15,119 Speaker 1: guy is just trying to figure out, literally, how am 449 00:22:15,160 --> 00:22:16,639 Speaker 1: I going to put food on the table, how do 450 00:22:16,720 --> 00:22:19,399 Speaker 1: I how do I find enough money so that my 451 00:22:19,480 --> 00:22:22,560 Speaker 1: kids don't starve? It's not how am I going to 452 00:22:22,600 --> 00:22:24,880 Speaker 1: figure out how to get the you know, the next 453 00:22:24,960 --> 00:22:28,480 Speaker 1: upgrade from my iPhone? And you know all these sorts 454 00:22:28,480 --> 00:22:30,000 Speaker 1: of things. I mean, it's not to say like people 455 00:22:30,320 --> 00:22:32,280 Speaker 1: in wealthy countries don't have problems. Of course, it's plenty 456 00:22:32,280 --> 00:22:34,359 Speaker 1: of people that have problems, and even real problems, but 457 00:22:34,400 --> 00:22:38,119 Speaker 1: you're talking about that, you know, a vast percentage of 458 00:22:38,480 --> 00:22:43,280 Speaker 1: an entire society that really has to struggle with paying 459 00:22:43,280 --> 00:22:45,800 Speaker 1: the rent and finding food and you know, where are 460 00:22:45,800 --> 00:22:49,240 Speaker 1: they gonna you know, where they going to find clean water? Um, 461 00:22:49,280 --> 00:22:51,160 Speaker 1: you know, and and all these different things. I mean, 462 00:22:51,400 --> 00:22:55,360 Speaker 1: it's it's the level of problems is so different that Yeah, 463 00:22:55,359 --> 00:22:57,800 Speaker 1: I mean, it's a lot easier to be petty when 464 00:22:57,800 --> 00:23:01,119 Speaker 1: you're in an incredibly rich country. Uh And and I 465 00:23:01,160 --> 00:23:03,080 Speaker 1: think that's you know, that's that's what we're seeing in 466 00:23:03,119 --> 00:23:06,960 Speaker 1: the US, and and a lot of the West. Yeah, 467 00:23:07,040 --> 00:23:09,080 Speaker 1: So I mean that's a good frame that we can 468 00:23:09,119 --> 00:23:11,080 Speaker 1: kind of dig in deeper. So if we start pushing 469 00:23:11,080 --> 00:23:13,560 Speaker 1: in deeper, so you kind of have this idea of 470 00:23:13,600 --> 00:23:16,000 Speaker 1: being sovereign and multiple flags and being able to move 471 00:23:16,000 --> 00:23:18,800 Speaker 1: around the world. Um. But at the same time, when 472 00:23:18,840 --> 00:23:21,000 Speaker 1: I when I look through history, it seems like it's 473 00:23:21,040 --> 00:23:27,120 Speaker 1: a repeating cycle of revolution, freedom oppression, revolution of freedom oppression, 474 00:23:27,320 --> 00:23:29,000 Speaker 1: and you kind of see this over and over and over, 475 00:23:29,000 --> 00:23:31,400 Speaker 1: and it's almost like this, uh it's a constant fight 476 00:23:31,480 --> 00:23:35,199 Speaker 1: between you know, individualism and collectivism or uh. Today we 477 00:23:35,240 --> 00:23:40,000 Speaker 1: see it as globalism and uh centralization, and um, we're 478 00:23:40,000 --> 00:23:44,919 Speaker 1: seeing really globalization or centralization is really getting powerful today 479 00:23:44,920 --> 00:23:48,360 Speaker 1: with the World Economic Form and health organization and trade organization, etcetera. 480 00:23:48,600 --> 00:23:51,720 Speaker 1: And we're seeing Marxism like really just have this resurgent 481 00:23:51,880 --> 00:23:54,639 Speaker 1: that's like really powerful. And not just in the United States. 482 00:23:54,920 --> 00:23:56,760 Speaker 1: I think you have spent a lot of time where 483 00:23:56,800 --> 00:23:58,439 Speaker 1: you have a place down in Chile and I know, 484 00:23:58,520 --> 00:24:00,520 Speaker 1: like they're rewriting the constitution and they've been taken over 485 00:24:00,520 --> 00:24:04,720 Speaker 1: by Marxists, and so it seems like this globalism centralization 486 00:24:04,800 --> 00:24:07,600 Speaker 1: has just really been creeping. Marxism has been taking over 487 00:24:08,200 --> 00:24:11,520 Speaker 1: even other parts of the world that aren't as developed. 488 00:24:11,920 --> 00:24:13,800 Speaker 1: Uh do you see that? Do you agree with that? 489 00:24:13,960 --> 00:24:16,840 Speaker 1: Or what do you have there? I think, um, I 490 00:24:16,840 --> 00:24:19,480 Speaker 1: wouldn't even really call it Marxism anymore. I think what 491 00:24:19,520 --> 00:24:21,679 Speaker 1: we're starting to see. You know, it's funny because if 492 00:24:21,720 --> 00:24:24,679 Speaker 1: you read, if you read the Communist Manifesto and you 493 00:24:24,680 --> 00:24:29,440 Speaker 1: read the Principles of Mars, it's funny that Marx hated capitalism, 494 00:24:29,520 --> 00:24:33,760 Speaker 1: but he didn't hate capitalists. He didn't necessarily despise the people. 495 00:24:34,840 --> 00:24:36,719 Speaker 1: He thought they were misguided and he thought they were 496 00:24:36,760 --> 00:24:40,760 Speaker 1: operating under a under a bad system. Um. But you know, 497 00:24:40,840 --> 00:24:44,800 Speaker 1: Marx was actually benefited quite significantly from his friends who 498 00:24:44,800 --> 00:24:47,520 Speaker 1: were capitalist, who were very wealthy people who kept him 499 00:24:47,560 --> 00:24:49,680 Speaker 1: around because they thought he was entertaining and a fun guy. 500 00:24:50,280 --> 00:24:56,280 Speaker 1: So today it's entirely different. Today, this sort of new Marxism, 501 00:24:56,359 --> 00:24:57,840 Speaker 1: if we want to call it, that is sort of 502 00:24:57,920 --> 00:25:00,400 Speaker 1: not only do we want to not only want want 503 00:25:00,400 --> 00:25:02,719 Speaker 1: to take your property, we want to take your stuff, 504 00:25:02,720 --> 00:25:04,240 Speaker 1: we want to take your wealth, we want to take 505 00:25:04,280 --> 00:25:06,439 Speaker 1: your income, but we want to make you out to 506 00:25:06,440 --> 00:25:09,320 Speaker 1: be a terrible person too. We want to shame you, 507 00:25:09,359 --> 00:25:11,800 Speaker 1: we want to ridicule you, you know, when we're willing 508 00:25:11,840 --> 00:25:14,639 Speaker 1: to do whatever it takes, will break the law and 509 00:25:15,080 --> 00:25:18,119 Speaker 1: hack the I R s and publish your you know, 510 00:25:18,280 --> 00:25:21,719 Speaker 1: the confidential confidential information of your tax returns and and 511 00:25:21,840 --> 00:25:25,320 Speaker 1: so forth, simply so that we can shame you. And 512 00:25:25,359 --> 00:25:28,359 Speaker 1: your only crime is being successful, you know, and and 513 00:25:28,359 --> 00:25:29,879 Speaker 1: and and so this is sort of the level that 514 00:25:30,600 --> 00:25:33,240 Speaker 1: you know, and you see this now from very established 515 00:25:33,240 --> 00:25:38,159 Speaker 1: political leadership. Um, you know, the obviously, the the you know, 516 00:25:38,200 --> 00:25:41,200 Speaker 1: the Squad and all these all these all these people 517 00:25:41,240 --> 00:25:44,440 Speaker 1: that that uh, you know are basically they're they're not Marxist. 518 00:25:44,440 --> 00:25:47,560 Speaker 1: Their way beyond Marxist, because Marx would have stopped at 519 00:25:47,600 --> 00:25:49,600 Speaker 1: saying we want to take your money. Marx would have 520 00:25:49,600 --> 00:25:51,960 Speaker 1: stopped at setting a high tax rate. But it's more 521 00:25:52,000 --> 00:25:54,000 Speaker 1: than that, you know, because they want to shame they 522 00:25:54,200 --> 00:25:57,760 Speaker 1: they despise Jeff Bezos. They still use Amazon. They're probably 523 00:25:57,760 --> 00:26:00,479 Speaker 1: all prime members, right, but they hay, oh do they 524 00:26:00,480 --> 00:26:04,359 Speaker 1: hate Jeff Bezos because he's a successful guy, right and 525 00:26:04,359 --> 00:26:06,080 Speaker 1: and and so they despise that, and they want to 526 00:26:06,119 --> 00:26:08,560 Speaker 1: shame him, and they're willing to do I thought that 527 00:26:08,600 --> 00:26:10,879 Speaker 1: one of the most ridiculous things that really showed a 528 00:26:10,880 --> 00:26:14,280 Speaker 1: sign of the times was when it was right after 529 00:26:14,320 --> 00:26:16,400 Speaker 1: AOC got elected they went and chase this guy out 530 00:26:16,400 --> 00:26:18,200 Speaker 1: of New York City, when they picked New York for 531 00:26:18,359 --> 00:26:21,320 Speaker 1: Amazon's HQ two, and they went and chased about a 532 00:26:21,320 --> 00:26:23,800 Speaker 1: New York City. It's like this would have created tens 533 00:26:23,800 --> 00:26:26,720 Speaker 1: of thousands of jobs, tens of billions of dollars in investment. 534 00:26:26,720 --> 00:26:28,120 Speaker 1: I mean, it would have been such a huge win 535 00:26:28,640 --> 00:26:31,280 Speaker 1: for the city of New York. But nope, now it's 536 00:26:31,280 --> 00:26:33,480 Speaker 1: a it's a lose lose now that you know, Bezos 537 00:26:33,520 --> 00:26:35,160 Speaker 1: doesn't get it, but New York doesn't get it either, 538 00:26:35,160 --> 00:26:38,159 Speaker 1: and they're happy with that. They're happy to do value destructive, 539 00:26:38,240 --> 00:26:41,159 Speaker 1: lose lose deals as opposed to trying to craft win 540 00:26:41,240 --> 00:26:44,399 Speaker 1: win deals. That's not Marxism. I mean Marx would have 541 00:26:44,440 --> 00:26:47,080 Speaker 1: stepped back and said, wow, that's really stupid. I mean, honestly, 542 00:26:47,160 --> 00:26:52,320 Speaker 1: Marx was not anywhere near as aggressive and angry as 543 00:26:52,359 --> 00:26:55,040 Speaker 1: these people are today. And and it's honestly it's a 544 00:26:55,080 --> 00:26:57,359 Speaker 1: huge difference. But you do see this all over the world, 545 00:26:57,359 --> 00:27:01,320 Speaker 1: this movement of of you know, uh, a very aggressive 546 00:27:02,080 --> 00:27:05,800 Speaker 1: um and and and ridiculous form of Marxism where people 547 00:27:05,840 --> 00:27:09,159 Speaker 1: just they want to they want to you know, they 548 00:27:09,200 --> 00:27:10,800 Speaker 1: want the government to take care of them, and they 549 00:27:10,840 --> 00:27:13,639 Speaker 1: want somebody else to pay for it. And uh, you 550 00:27:13,680 --> 00:27:15,720 Speaker 1: know the old saying goes sooner or later you run 551 00:27:15,720 --> 00:27:18,399 Speaker 1: out of other people's money to spend. Hey, sorry to 552 00:27:18,440 --> 00:27:21,040 Speaker 1: interrupt this video just one more time. I'm not running 553 00:27:21,040 --> 00:27:23,560 Speaker 1: Google ads, so it's actually way less interruption than I 554 00:27:23,600 --> 00:27:25,720 Speaker 1: normally would have on a video. UM and that's because 555 00:27:25,760 --> 00:27:29,199 Speaker 1: it's sponsored by block five UM. They are opening up 556 00:27:29,280 --> 00:27:32,200 Speaker 1: the world of bitcoin and financial products offering to pay 557 00:27:32,240 --> 00:27:35,440 Speaker 1: you interest on your bitcoin um better than own in 558 00:27:35,440 --> 00:27:37,520 Speaker 1: a rental property that you have to manage and control 559 00:27:37,560 --> 00:27:39,359 Speaker 1: and have the risks. You can just earn interest on it, 560 00:27:39,520 --> 00:27:42,320 Speaker 1: or you can leverage against it. Now, I plan to 561 00:27:42,440 --> 00:27:46,080 Speaker 1: hold my bitcoin forever and literally never sell my bitcoin. 562 00:27:46,119 --> 00:27:48,240 Speaker 1: So how do you do that? Well, if I need money, 563 00:27:48,320 --> 00:27:50,200 Speaker 1: I don't want to sell that bitcoin. I'm gonna pay 564 00:27:50,200 --> 00:27:52,119 Speaker 1: tax on it, all right, I'm gonna end up with 565 00:27:52,200 --> 00:27:54,719 Speaker 1: less and I don't have the bitcoin anymore. So a 566 00:27:54,720 --> 00:27:57,360 Speaker 1: better way to do it is to borrow against the bitcoin. 567 00:27:57,600 --> 00:27:59,720 Speaker 1: So I've put all my money into bitcoin. If I 568 00:27:59,720 --> 00:28:01,360 Speaker 1: want to buy a car, or I want to buy 569 00:28:01,400 --> 00:28:04,440 Speaker 1: a house, I can borrow against it at very very 570 00:28:04,520 --> 00:28:06,920 Speaker 1: low competitive rates. Get my house, get my car, or 571 00:28:06,960 --> 00:28:09,679 Speaker 1: whatever that may be, and get to keep the bitcoin. 572 00:28:09,800 --> 00:28:12,240 Speaker 1: I've done a whole video on this. You can find it. 573 00:28:12,280 --> 00:28:14,240 Speaker 1: I'll link it down to the description below. How to 574 00:28:14,359 --> 00:28:16,760 Speaker 1: retire off a bitcoin without paying taxes and you can 575 00:28:16,800 --> 00:28:19,320 Speaker 1: do that with block fight services. I'll link to the 576 00:28:19,359 --> 00:28:20,960 Speaker 1: video down below. I'm also going to put a link 577 00:28:20,960 --> 00:28:22,720 Speaker 1: to block Fight. If you choose to click on that 578 00:28:22,760 --> 00:28:24,359 Speaker 1: link to check them out. You can earn up to 579 00:28:24,359 --> 00:28:27,240 Speaker 1: two fifty dollars in free bitcoin just for using that link. 580 00:28:27,520 --> 00:28:29,119 Speaker 1: And that's it. Let's go ahead and get back to 581 00:28:29,200 --> 00:28:32,640 Speaker 1: the interview. Yeah, they just don't realize it yet. Yeah, 582 00:28:32,680 --> 00:28:35,720 Speaker 1: and it seems like there's this full court press. Like 583 00:28:35,760 --> 00:28:37,600 Speaker 1: I said, you're seeing it all through Central and South 584 00:28:37,640 --> 00:28:39,880 Speaker 1: America right now. So there's like this full core press, 585 00:28:39,920 --> 00:28:42,080 Speaker 1: like the whole world is going there. So as we 586 00:28:42,080 --> 00:28:44,440 Speaker 1: start kind of moving into more specifics you talked earlier 587 00:28:44,520 --> 00:28:47,000 Speaker 1: throughout the term like a sovereign balance sheet, so like 588 00:28:47,480 --> 00:28:49,800 Speaker 1: ways that you could become more sovereign, I suppose that's 589 00:28:49,880 --> 00:28:53,240 Speaker 1: kind of what you meant. But um, if if the 590 00:28:53,240 --> 00:28:58,400 Speaker 1: whole world becomes global, you know, falls into globalization, centralization, 591 00:28:58,600 --> 00:29:03,440 Speaker 1: you know, um, under control, the w F, etcetera. Um, 592 00:29:03,720 --> 00:29:06,360 Speaker 1: how do people think through that? I mean, I guess 593 00:29:06,360 --> 00:29:08,920 Speaker 1: just try to keep as many options open as you can. 594 00:29:09,320 --> 00:29:12,280 Speaker 1: Or are you actively keeping a tally of places that 595 00:29:12,320 --> 00:29:16,400 Speaker 1: are more friendly than others? Yeah? So first things first 596 00:29:16,480 --> 00:29:19,000 Speaker 1: is I think you have to start looking at It 597 00:29:19,040 --> 00:29:20,600 Speaker 1: sounds a little bit esoteric, but you have to start 598 00:29:20,600 --> 00:29:24,640 Speaker 1: looking at freedom as an asset. So, uh, you know 599 00:29:24,880 --> 00:29:28,920 Speaker 1: you're an investor, I'm an investor. Were sophisticated finance guys 600 00:29:28,960 --> 00:29:33,200 Speaker 1: for a lot of your readers, very sophisticated, UM in finance. 601 00:29:33,240 --> 00:29:34,640 Speaker 1: And I think if you think about the world in 602 00:29:34,720 --> 00:29:37,360 Speaker 1: terms of assets and liabilities, and yeah, you've got to 603 00:29:37,400 --> 00:29:39,480 Speaker 1: think about freedom is something that you would have on 604 00:29:39,520 --> 00:29:43,800 Speaker 1: your balance sheet. Um. And you know in many respects. 605 00:29:44,240 --> 00:29:48,240 Speaker 1: You know, these things like your nationality, Uh, you know 606 00:29:48,280 --> 00:29:53,200 Speaker 1: where you live, your domicile, location, tax, residency, etcetera. These 607 00:29:53,200 --> 00:29:57,720 Speaker 1: could also be assets. They could also be liabilities, right, Um. 608 00:29:57,760 --> 00:30:00,160 Speaker 1: And and you know, I think it's important to to 609 00:30:00,240 --> 00:30:02,880 Speaker 1: take an honest just as you would take a very 610 00:30:02,920 --> 00:30:06,280 Speaker 1: honest appraisal if you're conducting due diligence on an investment 611 00:30:06,320 --> 00:30:10,080 Speaker 1: deal or researching the company. Um, you know, to really 612 00:30:10,080 --> 00:30:13,800 Speaker 1: take an honest and very objective assessment of the assets 613 00:30:13,840 --> 00:30:17,680 Speaker 1: and liabilities again on that sovereign balance sheet using uh, 614 00:30:17,720 --> 00:30:19,920 Speaker 1: you know, the idea that freedom is really an asset? 615 00:30:20,120 --> 00:30:23,120 Speaker 1: Is your is the location where you are? You know, 616 00:30:23,160 --> 00:30:25,840 Speaker 1: for example, where you're living. Is that an asset to you? 617 00:30:26,000 --> 00:30:28,080 Speaker 1: Or is it a liability? If it's a place that 618 00:30:28,160 --> 00:30:29,840 Speaker 1: you know every day you're like, what are these idiots 619 00:30:29,840 --> 00:30:31,680 Speaker 1: going to do today? You know, the kind of place 620 00:30:31,680 --> 00:30:33,640 Speaker 1: where you're living, where you've got to step over you know, 621 00:30:34,280 --> 00:30:37,680 Speaker 1: hypodermic needles and you know, and and feces on your 622 00:30:37,680 --> 00:30:40,080 Speaker 1: way to the to the corner store or whatever. Is 623 00:30:40,080 --> 00:30:42,200 Speaker 1: that an asset or is that a liability? You know, 624 00:30:42,320 --> 00:30:45,680 Speaker 1: are your local politicians the kinds of people you know 625 00:30:45,720 --> 00:30:48,880 Speaker 1: that are saying we're coming for you, Jeff bezos Um, 626 00:30:48,920 --> 00:30:50,800 Speaker 1: you know, is that an asset or is it a liability? 627 00:30:50,840 --> 00:30:53,440 Speaker 1: To the police, you know, stand there while you know 628 00:30:53,480 --> 00:30:56,880 Speaker 1: a bunch of deranged teenagers go and take over government 629 00:30:56,920 --> 00:31:00,320 Speaker 1: buildings and declare an autonomous zone? Is that an center 630 00:31:00,320 --> 00:31:03,000 Speaker 1: a liability? And it's important, I think to take an 631 00:31:03,000 --> 00:31:07,920 Speaker 1: honest appraisal of that and actually even try to quantify 632 00:31:08,000 --> 00:31:10,680 Speaker 1: and value as you would any other asset, whether it's 633 00:31:10,720 --> 00:31:12,680 Speaker 1: you know, it's an intangible asset, maybe a little bit 634 00:31:12,720 --> 00:31:15,920 Speaker 1: more difficult to value, like intellectual property, certainly more difficult 635 00:31:15,920 --> 00:31:18,320 Speaker 1: to value than cash in the bank or the value 636 00:31:18,320 --> 00:31:22,040 Speaker 1: of apple stock, but it's absolutely an asset or could 637 00:31:22,040 --> 00:31:25,880 Speaker 1: be a liability. And I think something like a uh, 638 00:31:25,920 --> 00:31:28,720 Speaker 1: you know, a second passport, another bank account, these sorts 639 00:31:28,720 --> 00:31:33,560 Speaker 1: of things, these are assets. And the idea really is that, uh, 640 00:31:33,640 --> 00:31:36,200 Speaker 1: you know, the more options you have if you think 641 00:31:36,200 --> 00:31:38,680 Speaker 1: about it like that, that's all that means is there's 642 00:31:38,720 --> 00:31:40,800 Speaker 1: more assets on your balance sheet. So if you have 643 00:31:40,960 --> 00:31:44,440 Speaker 1: the ability, for example, if you have a small portfolio 644 00:31:45,200 --> 00:31:47,840 Speaker 1: of residencies in different countries that you can go and 645 00:31:47,880 --> 00:31:50,560 Speaker 1: live in and you work in or bring your family 646 00:31:50,680 --> 00:31:53,080 Speaker 1: or whatever the case may be, each of those is 647 00:31:53,120 --> 00:31:56,320 Speaker 1: an asset on your sovereign balance sheet. Uh, you know, 648 00:31:56,440 --> 00:31:58,760 Speaker 1: if you have you know, all these different things. And 649 00:31:58,760 --> 00:32:00,320 Speaker 1: so that's really I think kind of a way to 650 00:32:00,360 --> 00:32:03,200 Speaker 1: look at it is as a question of, you know, 651 00:32:03,240 --> 00:32:05,400 Speaker 1: what is your sovereign balance sheet look like, and think 652 00:32:05,400 --> 00:32:08,800 Speaker 1: about it with respect to assets and liabilities. Yeah. I 653 00:32:08,840 --> 00:32:11,880 Speaker 1: like that. I talk a lot about you know the 654 00:32:11,920 --> 00:32:14,320 Speaker 1: goal of you know, investing and making money isn't just 655 00:32:14,320 --> 00:32:15,920 Speaker 1: to go stock pile a bunch of money, But money 656 00:32:15,920 --> 00:32:18,600 Speaker 1: gives you options, and so I think about it like that. 657 00:32:18,680 --> 00:32:21,120 Speaker 1: And to your point, there's assets that you could also 658 00:32:21,120 --> 00:32:24,240 Speaker 1: own that would increase your optionality. Um, it's very difficult 659 00:32:24,280 --> 00:32:26,680 Speaker 1: right now, Like the world's changing so fast and so 660 00:32:26,840 --> 00:32:29,680 Speaker 1: like the US passport was an asset a year and 661 00:32:29,680 --> 00:32:32,400 Speaker 1: a half ago, and then after the pandemic and whatever 662 00:32:32,480 --> 00:32:35,320 Speaker 1: April or May of last year, it was a liability. 663 00:32:35,320 --> 00:32:37,680 Speaker 1: It was like the worst passport to have, um, and 664 00:32:37,760 --> 00:32:40,320 Speaker 1: so it can quickly shift. And so I guess having 665 00:32:40,360 --> 00:32:43,600 Speaker 1: that optionality, multiple options, you were you were better off 666 00:32:43,640 --> 00:32:46,560 Speaker 1: with the passport for Venezuela than you were with a 667 00:32:46,680 --> 00:32:51,360 Speaker 1: US passport in like May of last year. Right. So yeah, 668 00:32:51,360 --> 00:32:53,440 Speaker 1: so just keeping those just in terms of just in 669 00:32:53,520 --> 00:32:55,720 Speaker 1: terms of travel, just to be cleared in terms of 670 00:32:55,720 --> 00:32:58,000 Speaker 1: travel options and things like that, if you need the 671 00:32:58,000 --> 00:33:00,160 Speaker 1: amount of costs that would allow you to come out 672 00:33:00,160 --> 00:33:02,080 Speaker 1: of countries that you could go to. Yeah, So I 673 00:33:02,120 --> 00:33:04,160 Speaker 1: don't want to say Venezuela is a better place than 674 00:33:04,200 --> 00:33:06,800 Speaker 1: not what I'm saying. I'm just say in terms of travel, Uh, 675 00:33:07,120 --> 00:33:09,240 Speaker 1: the number of countries where we could go without a visa. Yeah, 676 00:33:09,280 --> 00:33:11,200 Speaker 1: I mean you were. You were hard pressed to get 677 00:33:11,200 --> 00:33:14,000 Speaker 1: anywhere with the US visa last year, with the US 678 00:33:14,040 --> 00:33:17,000 Speaker 1: cosport last year. Now, I know something that you've talked 679 00:33:17,000 --> 00:33:19,719 Speaker 1: about for years and years is you know, having somewhere, 680 00:33:19,760 --> 00:33:22,040 Speaker 1: like you just said, like somewhere you could go. Um 681 00:33:22,080 --> 00:33:23,960 Speaker 1: and a lot of times preferably with you know, some 682 00:33:24,040 --> 00:33:26,360 Speaker 1: sustainable type of living, whether that be you know, food 683 00:33:26,360 --> 00:33:29,040 Speaker 1: and water, etcetera, things like that. Um, how would the 684 00:33:29,160 --> 00:33:32,200 Speaker 1: average person think through this? So, like in the United States, 685 00:33:32,200 --> 00:33:33,800 Speaker 1: I hear a lot of people that want to go 686 00:33:33,840 --> 00:33:35,520 Speaker 1: get a ranch. I want to go to Nashville or 687 00:33:35,520 --> 00:33:37,760 Speaker 1: you know, Tennessee or Idaho or Nevada or whatever and 688 00:33:37,760 --> 00:33:40,520 Speaker 1: get a ranch. Um. For me, I'm like, I don't 689 00:33:40,520 --> 00:33:41,560 Speaker 1: know if I want to live on a ranch for 690 00:33:41,560 --> 00:33:43,240 Speaker 1: the rest of my life. I'd rather live on the 691 00:33:43,240 --> 00:33:45,960 Speaker 1: beach in El Salvador. Um. How does somebody kind of 692 00:33:46,000 --> 00:33:50,520 Speaker 1: think through that? Is that just personal preference or yeah, 693 00:33:50,560 --> 00:33:53,440 Speaker 1: well so it's it is. I mean obviously, yeah, personal 694 00:33:53,440 --> 00:33:56,240 Speaker 1: preferences is a huge part of it. You've got to 695 00:33:56,280 --> 00:33:59,000 Speaker 1: really have that, you have to really you know, we're 696 00:33:59,000 --> 00:34:01,360 Speaker 1: talking about having like a silly old conversation with somebody 697 00:34:01,360 --> 00:34:03,440 Speaker 1: else the other person need to have a civil conversation 698 00:34:03,480 --> 00:34:07,320 Speaker 1: with is yourself. Um, you've really got to have an honest, 699 00:34:07,440 --> 00:34:11,080 Speaker 1: objective conversation with yourself and with your family as well, 700 00:34:11,200 --> 00:34:13,480 Speaker 1: and think through you know, what are you know, what 701 00:34:13,520 --> 00:34:16,520 Speaker 1: are the things that are really honestly important to us, 702 00:34:16,920 --> 00:34:19,399 Speaker 1: Because the first thing you've got to recognize is you're 703 00:34:19,400 --> 00:34:21,839 Speaker 1: not going to get at all in this world. You're 704 00:34:21,840 --> 00:34:23,319 Speaker 1: just not going to get at all. To have a 705 00:34:23,320 --> 00:34:25,960 Speaker 1: place where you can say there's you know, there's no 706 00:34:26,080 --> 00:34:29,680 Speaker 1: elements of this new Marxism. They're they're totally fine with 707 00:34:29,760 --> 00:34:32,960 Speaker 1: COVID and and you know, very very very loose and 708 00:34:32,960 --> 00:34:36,160 Speaker 1: relax and everything's fine, and it's got this and this 709 00:34:36,200 --> 00:34:37,640 Speaker 1: and this and this and this, and you've got these 710 00:34:37,920 --> 00:34:40,160 Speaker 1: twenty things that are important to you. You're just not 711 00:34:40,200 --> 00:34:41,799 Speaker 1: going to get all of those things. And so it's 712 00:34:41,840 --> 00:34:45,480 Speaker 1: a question to you know, really prioritize the things that 713 00:34:45,520 --> 00:34:47,799 Speaker 1: are most important to you and figure out what you 714 00:34:47,840 --> 00:34:51,560 Speaker 1: can live with, what you can't live without, and and 715 00:34:51,920 --> 00:34:53,879 Speaker 1: you know, kind of prioritize that way. And then it's 716 00:34:54,080 --> 00:34:57,880 Speaker 1: you know, you've got to really start making some uh, 717 00:34:58,000 --> 00:35:01,000 Speaker 1: some very deliberate decisions about where you of The other 718 00:35:01,040 --> 00:35:03,000 Speaker 1: thing that I would really encourage people to think about 719 00:35:03,160 --> 00:35:05,760 Speaker 1: is that, you know, we can talk a lot about 720 00:35:05,760 --> 00:35:10,839 Speaker 1: different countries and different whatever, but honestly, local matters so 721 00:35:10,920 --> 00:35:14,040 Speaker 1: much more than just about anything else. And I'll give 722 00:35:14,080 --> 00:35:16,040 Speaker 1: you an example. I mean, I was I spent a 723 00:35:16,040 --> 00:35:19,000 Speaker 1: couple of months in Cancun, Mexico, earlier this year. And 724 00:35:19,040 --> 00:35:22,560 Speaker 1: it's funny because Mexico is a big country and to 725 00:35:22,680 --> 00:35:27,080 Speaker 1: say Mexico is like this, well, that would be completely 726 00:35:27,160 --> 00:35:29,000 Speaker 1: ridiculous because it would be like saying that the US 727 00:35:29,120 --> 00:35:32,920 Speaker 1: is like this. Uh. And as we can obviously see, 728 00:35:33,000 --> 00:35:35,960 Speaker 1: what's going on in New York City is completely different 729 00:35:35,960 --> 00:35:39,840 Speaker 1: than what's going on in you know, North Central in Ocala, Florida, 730 00:35:39,960 --> 00:35:43,399 Speaker 1: for example. I mean, it's just it's it's just totally different, right, Um. 731 00:35:43,440 --> 00:35:46,200 Speaker 1: In the same way, you know, Mexico, what was going 732 00:35:46,239 --> 00:35:50,440 Speaker 1: on in Cancoon versus Mexico City or Guadalajara totally different, 733 00:35:50,800 --> 00:35:53,799 Speaker 1: you know. And where I was in Cancoon, they were 734 00:35:53,840 --> 00:35:56,080 Speaker 1: smart enough to realize they need the tourists. If they 735 00:35:56,080 --> 00:35:57,759 Speaker 1: don't have the tourists coming in, you know, they're going 736 00:35:57,800 --> 00:36:00,400 Speaker 1: to go broke real fast. And so you know, they 737 00:36:00,400 --> 00:36:02,359 Speaker 1: put a lot of pressure on the governor and said, hey, 738 00:36:02,400 --> 00:36:04,000 Speaker 1: you got to open this thing up whatever, and they 739 00:36:04,000 --> 00:36:07,560 Speaker 1: did and it became, you know, it became a tourism 740 00:36:07,640 --> 00:36:10,920 Speaker 1: hotspot again. There were tons of arrivals, people coming into Cancoon. 741 00:36:11,000 --> 00:36:14,280 Speaker 1: It was great. And you know, I spent several months 742 00:36:14,280 --> 00:36:17,680 Speaker 1: there and COVID did not factor into my life at 743 00:36:17,719 --> 00:36:20,279 Speaker 1: all when I was in Cancoon, And that was great 744 00:36:20,280 --> 00:36:22,040 Speaker 1: because that's exactly what I wanted. I just wanted to 745 00:36:22,040 --> 00:36:23,440 Speaker 1: place where I could live my life. I could go 746 00:36:23,480 --> 00:36:25,359 Speaker 1: to the gym, I could do whatever I wanted to do, 747 00:36:25,719 --> 00:36:28,160 Speaker 1: and just not be a big part of my life. Um. 748 00:36:28,360 --> 00:36:31,200 Speaker 1: And so that was a deliberate decision on my part 749 00:36:32,120 --> 00:36:34,600 Speaker 1: because that was at the time, that was the kind 750 00:36:34,600 --> 00:36:37,000 Speaker 1: of top priority for me. And I think it's a 751 00:36:37,080 --> 00:36:40,840 Speaker 1: question of really thinking through those things and knowing yourself 752 00:36:40,880 --> 00:36:42,680 Speaker 1: well enough to know, as you say, like, do I 753 00:36:42,680 --> 00:36:45,719 Speaker 1: really see myself on a ranch, uh, you know, for 754 00:36:45,719 --> 00:36:47,440 Speaker 1: the rest of my life and all these sorts of 755 00:36:47,480 --> 00:36:49,799 Speaker 1: things like you gotta you know, you gotta think these 756 00:36:49,800 --> 00:36:52,680 Speaker 1: things through. And again, the more options you have, if 757 00:36:52,719 --> 00:36:55,239 Speaker 1: you can give yourself more options, the better off you are. 758 00:36:55,360 --> 00:36:58,360 Speaker 1: Because you know, the idea of saying like I'm going 759 00:36:58,440 --> 00:37:00,800 Speaker 1: to have this one thing. It goes to the original 760 00:37:00,840 --> 00:37:03,160 Speaker 1: concept of putting all your eggs in one basket. And 761 00:37:03,200 --> 00:37:05,799 Speaker 1: if you go all in on this one thing, and 762 00:37:06,040 --> 00:37:08,920 Speaker 1: I'm going all in on the ranch in Idaho, you 763 00:37:08,960 --> 00:37:11,920 Speaker 1: know or whatever? Right? What? Ida was very popular and 764 00:37:12,000 --> 00:37:14,400 Speaker 1: you know, my sister lives there and it's a beautiful place, 765 00:37:14,520 --> 00:37:17,160 Speaker 1: and you know, nothing nothing in Idaho. I think it's great. 766 00:37:17,600 --> 00:37:20,799 Speaker 1: You know, you go all in on on anything, and 767 00:37:20,840 --> 00:37:23,319 Speaker 1: you're studying you so you're you're assuming a certain level 768 00:37:23,320 --> 00:37:26,279 Speaker 1: of risk that you might not realize you're assuming, right, 769 00:37:26,800 --> 00:37:28,680 Speaker 1: because you have just now put all of your eggs 770 00:37:28,680 --> 00:37:31,880 Speaker 1: in one basket. So the idea is to find you 771 00:37:31,920 --> 00:37:34,120 Speaker 1: like Idaho, you like the ranch thing, great, but at 772 00:37:34,200 --> 00:37:37,800 Speaker 1: least give yourself another option or two, you know, and 773 00:37:37,840 --> 00:37:40,160 Speaker 1: put more assets on your sovereign balance sheet. How do 774 00:37:40,200 --> 00:37:42,120 Speaker 1: you do that, Well, you can go out and get, 775 00:37:42,800 --> 00:37:45,960 Speaker 1: you know, a backup residency somewhere. You can go out 776 00:37:45,960 --> 00:37:49,480 Speaker 1: and get, for example, Mexican residency. It's easy, It's really easy. 777 00:37:49,520 --> 00:37:52,600 Speaker 1: There are so many different ways you can obtain residency 778 00:37:52,600 --> 00:37:54,680 Speaker 1: in Mexico. And I'm not saying people should get residence 779 00:37:54,719 --> 00:37:57,520 Speaker 1: in Mexico. I'm just saying it's an option, uh that 780 00:37:57,719 --> 00:37:59,840 Speaker 1: is very easy, and once you have it, it's an 781 00:38:00,000 --> 00:38:02,960 Speaker 1: asset on your sovereign balance because it means that no 782 00:38:03,000 --> 00:38:05,520 Speaker 1: matter what happens, you'll always have this other place that 783 00:38:05,600 --> 00:38:07,520 Speaker 1: you can go. And it's a huge country and there's 784 00:38:07,560 --> 00:38:10,160 Speaker 1: beaches and there's mountains, and there's big cities and little 785 00:38:10,200 --> 00:38:12,480 Speaker 1: towns and all these sorts of things. And maybe that's 786 00:38:12,480 --> 00:38:15,359 Speaker 1: not your cup of tea. Maybe you know, um, you know, 787 00:38:15,480 --> 00:38:18,879 Speaker 1: something more sophisticated is up your alley, and so maybe 788 00:38:18,880 --> 00:38:22,280 Speaker 1: you would want to consider golden visa program in Europe 789 00:38:22,280 --> 00:38:24,120 Speaker 1: where you can buy real estate and one of these 790 00:38:24,160 --> 00:38:27,719 Speaker 1: countries like Portugal for example, which is you know they're 791 00:38:27,800 --> 00:38:29,920 Speaker 1: changing the rules on that and curtkilling the program. But 792 00:38:29,960 --> 00:38:32,879 Speaker 1: these options exist in a lot of places. You can 793 00:38:32,880 --> 00:38:35,520 Speaker 1: buy real estate and get residency there, and that gives 794 00:38:35,520 --> 00:38:38,200 Speaker 1: you another option. Uh. There's a lot of debt financing 795 00:38:38,200 --> 00:38:40,240 Speaker 1: and avail for that. By the way, since you're in Europe, 796 00:38:40,280 --> 00:38:43,520 Speaker 1: you know euro denominated financing, it's available that you know, 797 00:38:43,520 --> 00:38:47,120 Speaker 1: in some respects even zero percent possibly even negative interest rates. Right, 798 00:38:47,160 --> 00:38:49,160 Speaker 1: so so you have a lot of ways that you 799 00:38:49,200 --> 00:38:52,840 Speaker 1: can you know, all these programs have rules of that painting, capital, etcetera. 800 00:38:52,880 --> 00:38:55,719 Speaker 1: But um, you know they're they're they're always you know, 801 00:38:55,760 --> 00:38:58,560 Speaker 1: they're always ways that you can you know, set yourself 802 00:38:58,640 --> 00:39:01,880 Speaker 1: up for for mac from benefit based on the specific 803 00:39:01,880 --> 00:39:05,560 Speaker 1: outcome that you're trying to achieve for yourself. Um. And 804 00:39:05,640 --> 00:39:07,879 Speaker 1: so you know, all these again are assets on your 805 00:39:07,880 --> 00:39:10,239 Speaker 1: sovereign balance sheet. If you have the ability to pick 806 00:39:10,320 --> 00:39:12,520 Speaker 1: up and go somewhere because you have residency here or 807 00:39:12,560 --> 00:39:14,839 Speaker 1: there or whatever, like great, And it means that you're 808 00:39:14,880 --> 00:39:17,480 Speaker 1: not all in on a single option. And if you're 809 00:39:17,480 --> 00:39:19,719 Speaker 1: all in on any one thing, it does mean that 810 00:39:19,760 --> 00:39:22,400 Speaker 1: you're taking on some some level of risk, whether you 811 00:39:22,400 --> 00:39:25,879 Speaker 1: realize it or not. Yeah, yeah, I love that. So, um, 812 00:39:26,160 --> 00:39:27,640 Speaker 1: first sit down and figure out what it is that 813 00:39:27,680 --> 00:39:30,640 Speaker 1: you want. People a lot of people don't take the 814 00:39:30,680 --> 00:39:33,200 Speaker 1: time to actually think through what they want, so that's important. 815 00:39:33,360 --> 00:39:35,160 Speaker 1: And like I said, I've kind of thought through myself. 816 00:39:35,200 --> 00:39:37,080 Speaker 1: And a lot of that is because I've spent a 817 00:39:37,160 --> 00:39:39,719 Speaker 1: lot of time traveling, specifically a lot of time in 818 00:39:39,760 --> 00:39:42,759 Speaker 1: Mexico and Central America. I'm actually in the process of 819 00:39:42,760 --> 00:39:47,000 Speaker 1: building a house down to Mexico right now. So we're uh, 820 00:39:47,040 --> 00:39:51,000 Speaker 1: it's north of Cobbo out on the East Cape. Oh cool, Okay, yeah, 821 00:39:51,560 --> 00:39:53,600 Speaker 1: we we've spent Over the last six seven years, I've 822 00:39:53,600 --> 00:39:56,360 Speaker 1: spent a lot of time in Mexican mainland Mexico typically 823 00:39:56,719 --> 00:40:00,360 Speaker 1: uh in Wahaka, from like Porto Escondido down to Selina Cruise. 824 00:40:01,280 --> 00:40:03,440 Speaker 1: I'm a surfer, so that's where all the good waves are. 825 00:40:04,840 --> 00:40:06,759 Speaker 1: It's a little jongly over there. For some reason, I 826 00:40:06,840 --> 00:40:08,880 Speaker 1: just really love the desert over there on in the 827 00:40:08,880 --> 00:40:12,440 Speaker 1: Baja Peninsula, and uh it's an easy drive if I 828 00:40:12,480 --> 00:40:14,319 Speaker 1: need to. So a couple of things that I kind 829 00:40:14,360 --> 00:40:16,759 Speaker 1: of put into my econic you know, my classic and 830 00:40:16,800 --> 00:40:19,000 Speaker 1: what you're saying right now is a great example. But 831 00:40:19,120 --> 00:40:20,400 Speaker 1: the way to think about it, because what do we 832 00:40:20,480 --> 00:40:22,560 Speaker 1: learn from this, your surfer, this, this is something that 833 00:40:22,600 --> 00:40:24,399 Speaker 1: you really like that's important to use. So you want 834 00:40:24,400 --> 00:40:26,359 Speaker 1: to be near the beach. You've tried out a couple 835 00:40:26,400 --> 00:40:28,440 Speaker 1: of different places, so you know what you like, you 836 00:40:28,440 --> 00:40:30,640 Speaker 1: know what you don't like, you know the areas you 837 00:40:30,640 --> 00:40:33,040 Speaker 1: know pretty well that you like. You think it's important 838 00:40:33,080 --> 00:40:35,560 Speaker 1: to be able to have, you know, driving access from 839 00:40:35,600 --> 00:40:37,520 Speaker 1: where you were in California, et cetera. So like all 840 00:40:37,560 --> 00:40:40,400 Speaker 1: these things, is it exactly what you just said is 841 00:40:40,440 --> 00:40:43,920 Speaker 1: a great framework for anybody to sort of start thinking 842 00:40:43,960 --> 00:40:46,680 Speaker 1: through their own option what I call a plan B 843 00:40:47,400 --> 00:40:50,040 Speaker 1: U and really at this point it's kind of planned B, C, D, 844 00:40:50,680 --> 00:40:52,319 Speaker 1: you know, E, F and G as many as many 845 00:40:52,400 --> 00:40:54,880 Speaker 1: variants of of of covid as there are. You know, 846 00:40:54,960 --> 00:40:57,320 Speaker 1: you should have your delta plan and your LAMB to 847 00:40:57,400 --> 00:41:00,080 Speaker 1: plan uh and you know, and everything else says of 848 00:41:00,120 --> 00:41:03,319 Speaker 1: that because the more options you have you can have, 849 00:41:03,400 --> 00:41:05,440 Speaker 1: the better off your B. But exactly the way that 850 00:41:05,480 --> 00:41:07,560 Speaker 1: you were just describing it is a great way to 851 00:41:07,560 --> 00:41:10,200 Speaker 1: think about it. And I'll tell people you need to 852 00:41:10,239 --> 00:41:12,040 Speaker 1: get out and travel a little bit. So I've been 853 00:41:12,080 --> 00:41:14,560 Speaker 1: to these places. I've started to find places do like 854 00:41:14,680 --> 00:41:18,160 Speaker 1: I don't like. And now if if mexn't work, I 855 00:41:18,160 --> 00:41:20,400 Speaker 1: could go to El Salvador, for example, I know exactly 856 00:41:20,400 --> 00:41:22,440 Speaker 1: where I would go. I didn't know people there, I 857 00:41:22,440 --> 00:41:24,520 Speaker 1: know the area and so I and that that gives 858 00:41:24,520 --> 00:41:27,560 Speaker 1: me some options, um in building out the plan B. 859 00:41:27,840 --> 00:41:30,600 Speaker 1: So that's like a location. That's a big one. UM. 860 00:41:30,640 --> 00:41:33,600 Speaker 1: I guess the other big bucket would be money and 861 00:41:33,680 --> 00:41:37,080 Speaker 1: so um you talk about having you you know, bank 862 00:41:37,080 --> 00:41:40,160 Speaker 1: accounts and other locations. You talk about having goal potentially 863 00:41:40,200 --> 00:41:42,640 Speaker 1: stored in locations. And I'll tell you a side note 864 00:41:43,040 --> 00:41:46,319 Speaker 1: UM for the audience too. UM, I would say that 865 00:41:46,400 --> 00:41:51,600 Speaker 1: you're probably the most responsible for getting me into bitcoin, okay, 866 00:41:51,800 --> 00:41:56,320 Speaker 1: and and that that is because in I was actually 867 00:41:56,360 --> 00:41:58,840 Speaker 1: in the process of using one of your attorneys that 868 00:41:58,920 --> 00:42:02,120 Speaker 1: you recommended to set up a trust and a business 869 00:42:02,120 --> 00:42:05,719 Speaker 1: in Panama. And I was going to put money into Panama, UM, 870 00:42:05,719 --> 00:42:08,600 Speaker 1: to start working on a residency and you know, visa, etcetera. 871 00:42:09,040 --> 00:42:11,960 Speaker 1: And I was looking at Hong Kong. I was looking 872 00:42:11,960 --> 00:42:14,279 Speaker 1: at Panama and because I wanted to get money out 873 00:42:14,280 --> 00:42:18,200 Speaker 1: of the US banking jurisdiction. And Um, I'd already made 874 00:42:18,200 --> 00:42:20,120 Speaker 1: plans with the attorney, We're gonna go down there. It 875 00:42:20,200 --> 00:42:24,799 Speaker 1: was in December, and uh, I took another look at 876 00:42:24,800 --> 00:42:26,879 Speaker 1: bitcoin and I and I've known about it for years. 877 00:42:26,920 --> 00:42:30,279 Speaker 1: I've been following it, and I'm like, it's the same thing. 878 00:42:30,320 --> 00:42:33,680 Speaker 1: I'm getting money out of the banking system. And I 879 00:42:33,800 --> 00:42:35,719 Speaker 1: ended up buying bitcoin. I never went to Panama and 880 00:42:35,719 --> 00:42:39,239 Speaker 1: never opened that up. But anyway, that was it was 881 00:42:39,280 --> 00:42:42,040 Speaker 1: that that line of thinking, like let me diversify, let 882 00:42:42,080 --> 00:42:44,000 Speaker 1: me get money out of the banking system, out of 883 00:42:44,000 --> 00:42:48,080 Speaker 1: that jurisdiction, to get seized or whatever happens, and so, um, anyway, 884 00:42:48,160 --> 00:42:53,360 Speaker 1: little little side note about that. Good um. But anyway, 885 00:42:53,400 --> 00:42:55,279 Speaker 1: So then the next step, I guess would be diversifying 886 00:42:55,320 --> 00:42:58,000 Speaker 1: that that money. So whether that's gold overseas. I just 887 00:42:58,040 --> 00:43:01,799 Speaker 1: saw someone on Twitter some is going viral and someone 888 00:43:01,840 --> 00:43:04,200 Speaker 1: posted that they just had to sell all their assets 889 00:43:04,200 --> 00:43:06,560 Speaker 1: to get out of their country. And I think it 890 00:43:06,600 --> 00:43:08,520 Speaker 1: was Canada. They were talking about getting out of Canada, 891 00:43:08,640 --> 00:43:10,560 Speaker 1: but they had to sell everything because you can't really 892 00:43:10,600 --> 00:43:14,760 Speaker 1: take it with you. Um and uh so is that right? Money? 893 00:43:14,840 --> 00:43:19,160 Speaker 1: Get get that diversified? Sure? I mean, I mean, look, 894 00:43:19,400 --> 00:43:22,319 Speaker 1: money is money is a huge topic in and of itself. Um. 895 00:43:22,600 --> 00:43:26,080 Speaker 1: You know, I think talking about diversifying your investments, and 896 00:43:26,120 --> 00:43:27,799 Speaker 1: again I think in the same way as somebody would 897 00:43:27,840 --> 00:43:33,320 Speaker 1: diversify their investments. I know, what's his name, Jim Kramer. 898 00:43:33,480 --> 00:43:36,200 Speaker 1: I don't know. I mean I watched the show like 899 00:43:36,239 --> 00:43:38,400 Speaker 1: fifteen years ago whatever he had. He had a segment 900 00:43:38,920 --> 00:43:41,680 Speaker 1: called m I Diversified. And somebody would say, like I 901 00:43:41,760 --> 00:43:44,440 Speaker 1: own this stock, this stock, and this stock, it might 902 00:43:44,440 --> 00:43:46,799 Speaker 1: diversified and say, no, you're not diversified. He pushed one 903 00:43:46,800 --> 00:43:50,120 Speaker 1: of his noise buttons or whatever. Um, you know, it's 904 00:43:50,120 --> 00:43:52,400 Speaker 1: funny because it's like, well, if all you own is stocks, 905 00:43:52,480 --> 00:43:55,280 Speaker 1: you're not diversified. And if all you own is everything 906 00:43:55,360 --> 00:43:57,520 Speaker 1: is in the US or Canada or whatever else, you're 907 00:43:57,520 --> 00:44:01,560 Speaker 1: also not diversified. Um. So there's a whole lot of 908 00:44:01,600 --> 00:44:05,640 Speaker 1: asset classes real estate, crypto, private equity, etcetera. I mean, 909 00:44:05,680 --> 00:44:09,680 Speaker 1: there's so many different asset classes, and there are so 910 00:44:09,760 --> 00:44:12,680 Speaker 1: many different places in the world where you really can 911 00:44:13,120 --> 00:44:15,239 Speaker 1: you know, spread your interest a little bit in each 912 00:44:15,239 --> 00:44:18,000 Speaker 1: one of those creates diversification. Also, a man respects may 913 00:44:18,040 --> 00:44:24,480 Speaker 1: create some additional income potential. Um. You know, we have this, uh, 914 00:44:24,560 --> 00:44:28,200 Speaker 1: we have this concept. We actually are just finishing up 915 00:44:28,200 --> 00:44:31,160 Speaker 1: a report that we're sending out to our our readers 916 00:44:31,160 --> 00:44:34,720 Speaker 1: about this um about just thinking very very long term. 917 00:44:35,040 --> 00:44:37,960 Speaker 1: And it's interesting if you if you you know, if 918 00:44:37,960 --> 00:44:41,279 Speaker 1: you were to think very long term, um, you know, 919 00:44:41,320 --> 00:44:43,120 Speaker 1: if you were doing if you had to invest for 920 00:44:43,239 --> 00:44:46,000 Speaker 1: a hundred years, you know, two hundred years for example, 921 00:44:46,040 --> 00:44:49,520 Speaker 1: you know, would you necessarily buy uh an SMP five 922 00:44:49,880 --> 00:44:51,719 Speaker 1: index fund, you know, or would you want to buy 923 00:44:51,719 --> 00:44:54,120 Speaker 1: a basket of funds from maybe different regions in the world, 924 00:44:54,120 --> 00:44:57,840 Speaker 1: maybe an Asian fund, maybe an African fund, something like that. 925 00:44:57,880 --> 00:45:00,520 Speaker 1: Look at places that have you know, some more up 926 00:45:00,560 --> 00:45:03,279 Speaker 1: and coming potential if you have to think really far 927 00:45:03,400 --> 00:45:07,160 Speaker 1: in advance. I think in general, very very long term 928 00:45:07,200 --> 00:45:11,200 Speaker 1: thinking is a sensible way to approach investing. And you know, 929 00:45:11,400 --> 00:45:13,640 Speaker 1: I don't think you can do that without factoring in 930 00:45:13,680 --> 00:45:18,040 Speaker 1: a significant level of true diversification. Again, that goes just 931 00:45:18,160 --> 00:45:22,640 Speaker 1: far beyond buying three different stocks and something that you're diversified. So, 932 00:45:22,960 --> 00:45:25,080 Speaker 1: but I mean this also gets into like where is 933 00:45:25,120 --> 00:45:26,840 Speaker 1: your money? Is it all in the bank? Is it 934 00:45:26,960 --> 00:45:30,040 Speaker 1: in the banking system inside and outside the banking system? 935 00:45:30,160 --> 00:45:33,440 Speaker 1: Is it in different banking jurisdictions? Uh? You know, I 936 00:45:33,480 --> 00:45:35,239 Speaker 1: mean there's there's so many different ways to sort of 937 00:45:35,239 --> 00:45:37,239 Speaker 1: diverse by that. And same thing as well with your 938 00:45:37,840 --> 00:45:40,240 Speaker 1: you know, with your income. Is all of your income 939 00:45:40,280 --> 00:45:42,200 Speaker 1: from one source? Is there another type of income that 940 00:45:42,320 --> 00:45:44,480 Speaker 1: you can generate? Can you generate some past income? Can 941 00:45:44,520 --> 00:45:46,719 Speaker 1: you set up a business uh to be able to 942 00:45:46,760 --> 00:45:50,040 Speaker 1: generate additional income or make some other investments to generate 943 00:45:50,320 --> 00:45:53,239 Speaker 1: additional cash flow, etcetera? And can you diversify those? So? 944 00:45:53,280 --> 00:45:56,439 Speaker 1: I think the idea of diversification of money covers so 945 00:45:56,480 --> 00:46:00,840 Speaker 1: many different topics, but it is yet most definitely critically important. 946 00:46:01,800 --> 00:46:04,920 Speaker 1: All Right, we're gonna we're gonna wrap it up. But 947 00:46:04,960 --> 00:46:08,399 Speaker 1: I want to ask you the big question question that 948 00:46:08,760 --> 00:46:12,640 Speaker 1: you you I'm hoping to hear your answer here. So 949 00:46:13,000 --> 00:46:15,919 Speaker 1: I get asked this question all the time, which is like, mark, 950 00:46:16,000 --> 00:46:20,200 Speaker 1: where are we gonna go? Right? Mostly from us, you 951 00:46:20,239 --> 00:46:23,600 Speaker 1: know us people Canadians as well, but like where are 952 00:46:23,600 --> 00:46:25,759 Speaker 1: we gonna go? A lot of people feel this like 953 00:46:26,440 --> 00:46:29,319 Speaker 1: the walls are closing in. I've kind of been I've 954 00:46:29,320 --> 00:46:31,560 Speaker 1: been paying attention because like I want to get out 955 00:46:31,600 --> 00:46:33,239 Speaker 1: before it's too late, but I don't really want to 956 00:46:33,239 --> 00:46:35,520 Speaker 1: get out before I need to. But a lot of 957 00:46:35,560 --> 00:46:38,520 Speaker 1: people are feeling that I answered that question a lot. So, um, 958 00:46:38,640 --> 00:46:41,080 Speaker 1: I get it that there's you already kind of said 959 00:46:41,120 --> 00:46:44,480 Speaker 1: like optimized for different things. But if it's for freedom, 960 00:46:44,760 --> 00:46:47,719 Speaker 1: let's just say it's for freedom. Where and we had 961 00:46:47,760 --> 00:46:50,080 Speaker 1: to go in the next you know year, where do 962 00:46:50,120 --> 00:46:52,879 Speaker 1: you think the top couple of places would be that 963 00:46:53,480 --> 00:46:56,120 Speaker 1: you would think you would go? Obviously things can change, 964 00:46:56,600 --> 00:47:00,360 Speaker 1: but people might want to put on their radar. Lookybody's 965 00:47:00,400 --> 00:47:02,400 Speaker 1: got it. I have my own list of places that 966 00:47:02,440 --> 00:47:04,360 Speaker 1: I really like, but that's because they can form to 967 00:47:04,440 --> 00:47:10,520 Speaker 1: my specific criteria. So let's just optimized for like freedom 968 00:47:10,560 --> 00:47:12,600 Speaker 1: again though that that means a lot of different things 969 00:47:12,600 --> 00:47:15,520 Speaker 1: to a lot different people. So for some people, for example, 970 00:47:15,719 --> 00:47:18,600 Speaker 1: they would be focusing on where's the best place that 971 00:47:18,640 --> 00:47:20,319 Speaker 1: my kids can go to school where they're not going 972 00:47:20,360 --> 00:47:24,719 Speaker 1: to get brainwashed with this with this intellectual filth that's 973 00:47:24,760 --> 00:47:27,600 Speaker 1: being traded now in so many public school systems, and 974 00:47:27,640 --> 00:47:29,919 Speaker 1: for them that's freedom. For others that would say, where's 975 00:47:29,920 --> 00:47:31,440 Speaker 1: the best place I can go wreck in home school 976 00:47:31,480 --> 00:47:33,480 Speaker 1: my kids and pull them out of the system entirely, 977 00:47:33,920 --> 00:47:36,399 Speaker 1: that's a different type of freedom. Right. For some people, 978 00:47:36,440 --> 00:47:39,080 Speaker 1: it's where can I go, let's say, as a wealthy 979 00:47:39,080 --> 00:47:43,480 Speaker 1: individual who doesn't want to feel the constant onslaught of 980 00:47:43,560 --> 00:47:47,000 Speaker 1: the of the angry, rabid Marxist coming after me versus others, 981 00:47:47,120 --> 00:47:49,160 Speaker 1: where can I go where I don't have to worry 982 00:47:49,160 --> 00:47:51,360 Speaker 1: about vaccine passports, or where can I go with that 983 00:47:51,440 --> 00:47:53,320 Speaker 1: having to worry about having to put on a mask. 984 00:47:54,160 --> 00:47:56,680 Speaker 1: This is really the kind of specificity and level of 985 00:47:56,719 --> 00:47:59,279 Speaker 1: detail that you would want to think through, uh in 986 00:47:59,440 --> 00:48:01,799 Speaker 1: terms of UH, you know, the priorities and the things 987 00:48:01,800 --> 00:48:05,399 Speaker 1: that are important to you. For me, for example, um 988 00:48:05,440 --> 00:48:08,560 Speaker 1: I ended up in Mexico, very deliberately because I didn't want, 989 00:48:08,719 --> 00:48:10,319 Speaker 1: As I mentioned, I didn't want COVID to have it 990 00:48:10,440 --> 00:48:12,879 Speaker 1: much of an impact on my life. A big part 991 00:48:12,920 --> 00:48:15,680 Speaker 1: of that was because I knew I was going to 992 00:48:15,760 --> 00:48:19,480 Speaker 1: have a child, and I didn't want Most importantly, my 993 00:48:19,640 --> 00:48:22,560 Speaker 1: number one priority was for COVID to not have any 994 00:48:22,600 --> 00:48:25,759 Speaker 1: impact on the birth of my child, ergo not being 995 00:48:25,800 --> 00:48:28,799 Speaker 1: a place where the doctors of the hospital is going 996 00:48:28,840 --> 00:48:31,719 Speaker 1: to have some stupid policy to say Dad can't be 997 00:48:31,760 --> 00:48:34,160 Speaker 1: in the delivery room, because I would have wrecked holy 998 00:48:34,239 --> 00:48:36,320 Speaker 1: hell on everybody if I wasn't allowed to be in 999 00:48:36,320 --> 00:48:38,799 Speaker 1: the delivery room for the birth of my child, right, 1000 00:48:38,800 --> 00:48:40,360 Speaker 1: And so I didn't want. I wanted to meet a 1001 00:48:40,360 --> 00:48:42,760 Speaker 1: place where I knew it could be very high quality 1002 00:48:42,760 --> 00:48:45,840 Speaker 1: medical care. Uh, and it just wasn't going to be 1003 00:48:45,880 --> 00:48:48,480 Speaker 1: a factor. And so that's exactly why I ended up 1004 00:48:48,560 --> 00:48:53,240 Speaker 1: very specifically where I was where I ended up in Mexico. So, um, 1005 00:48:53,280 --> 00:48:55,080 Speaker 1: you know, it's maybe not the answer. I know that 1006 00:48:55,760 --> 00:48:57,319 Speaker 1: I get these questions. A lot of people say, well, 1007 00:48:57,600 --> 00:49:00,279 Speaker 1: they're looking for like this kind of exact like one, two, three, 1008 00:49:00,480 --> 00:49:03,200 Speaker 1: you know, list um, And I think my answer is 1009 00:49:03,200 --> 00:49:06,600 Speaker 1: always disappointing because you know, I hate to say it depends, 1010 00:49:06,640 --> 00:49:10,360 Speaker 1: but it really it's all up to you as the individual. 1011 00:49:10,400 --> 00:49:12,279 Speaker 1: And I think in your case, your list, you know, 1012 00:49:12,640 --> 00:49:14,880 Speaker 1: you're gonna have certain criteria. I'm not a surfer, right, 1013 00:49:14,920 --> 00:49:17,040 Speaker 1: so there's gonna be certain things on your list. Yeah, 1014 00:49:17,960 --> 00:49:21,040 Speaker 1: Like you know, Eastern Europe for example, like they seem 1015 00:49:21,080 --> 00:49:23,480 Speaker 1: to be coming out of communism, maybe not super quick 1016 00:49:23,520 --> 00:49:26,120 Speaker 1: to rush back into it. Maybe they would remain sure. 1017 00:49:26,120 --> 00:49:27,279 Speaker 1: I mean, if you want to, if you want to, 1018 00:49:27,360 --> 00:49:28,799 Speaker 1: I mean, if you if we want to look at 1019 00:49:28,800 --> 00:49:33,560 Speaker 1: sort of like I mean really big picture, broad generalizations. Yeah, 1020 00:49:33,680 --> 00:49:35,960 Speaker 1: I think, um, there are a lot of places that 1021 00:49:36,000 --> 00:49:37,839 Speaker 1: have I mean the places that have had there are 1022 00:49:37,880 --> 00:49:42,080 Speaker 1: really nasty experiments in the past that haven't gone very well. 1023 00:49:42,120 --> 00:49:45,600 Speaker 1: I think those guys sort of are starting to realize that, uh, 1024 00:49:45,640 --> 00:49:46,960 Speaker 1: you know, we don't want to go back to that. 1025 00:49:47,239 --> 00:49:49,480 Speaker 1: And so ironically, yes, I mean, there are places in 1026 00:49:49,520 --> 00:49:52,320 Speaker 1: Eastern Europe that you know, they're just not interested in 1027 00:49:52,400 --> 00:49:56,520 Speaker 1: and Marxism. But some places in Eastern Europe, uh, you know, 1028 00:49:56,560 --> 00:49:58,360 Speaker 1: for example in the Poalitics, where that they might not 1029 00:49:58,400 --> 00:50:02,560 Speaker 1: be interested in Marxism, but they are more interested in 1030 00:50:02,680 --> 00:50:06,799 Speaker 1: COVID lockdowns for example, and they like vaccine passports, and 1031 00:50:06,880 --> 00:50:09,640 Speaker 1: you have places like Sweden. You know that we're relatively 1032 00:50:09,760 --> 00:50:13,000 Speaker 1: chill uh with respect to COVID, but you know they're 1033 00:50:13,080 --> 00:50:15,480 Speaker 1: very high tax I don't think Sweden is a Marxist 1034 00:50:15,480 --> 00:50:17,040 Speaker 1: at all. I don't think it's socialist, and I think 1035 00:50:17,040 --> 00:50:20,080 Speaker 1: it's very market oriented economy, just one with very high taxes, 1036 00:50:20,920 --> 00:50:24,840 Speaker 1: um you know, with their high tax place, uh, but 1037 00:50:24,840 --> 00:50:29,000 Speaker 1: but one that doesn't necessarily embrace the fanaticism of public 1038 00:50:29,040 --> 00:50:31,280 Speaker 1: health policies that have infected the rest of the world's 1039 00:50:31,920 --> 00:50:36,520 Speaker 1: um uh, you know, officials and authorities. So like it's 1040 00:50:36,560 --> 00:50:38,480 Speaker 1: it's like I said, it's just very sort of specific 1041 00:50:38,520 --> 00:50:42,359 Speaker 1: to what everybody's individually looking for. But the reality is 1042 00:50:42,360 --> 00:50:44,239 Speaker 1: is that what you're looking for, you're not going to 1043 00:50:44,320 --> 00:50:46,960 Speaker 1: be able to find a place that takes all of 1044 00:50:47,000 --> 00:50:49,359 Speaker 1: your boxes anymore. That might have been the case five 1045 00:50:49,440 --> 00:50:51,120 Speaker 1: years ago. You could have found a place that takes 1046 00:50:51,160 --> 00:50:52,680 Speaker 1: all your boxes. You're just not going to be able 1047 00:50:52,680 --> 00:50:54,960 Speaker 1: to do that anymore. But you're going to be able 1048 00:50:55,000 --> 00:50:57,359 Speaker 1: to find a place that takes the most important ones. 1049 00:50:57,400 --> 00:50:59,520 Speaker 1: If you're very specifical with yourself about what you can 1050 00:50:59,560 --> 00:51:02,160 Speaker 1: live with them, what you can't live without. And again 1051 00:51:02,280 --> 00:51:04,279 Speaker 1: you just have to think locally because it might even 1052 00:51:04,360 --> 00:51:08,040 Speaker 1: until a dramatic improvement in your life and lifestyle just 1053 00:51:08,080 --> 00:51:13,319 Speaker 1: by moving across the county line. Yeah, definitely, definitely. Well 1054 00:51:13,320 --> 00:51:15,479 Speaker 1: with that, we're gonna go ahead and we're gonna wrap 1055 00:51:15,480 --> 00:51:18,839 Speaker 1: it up. I I appreciate that so much good information. Um. 1056 00:51:18,920 --> 00:51:20,520 Speaker 1: Like I said, I've been following you for a long time. 1057 00:51:20,560 --> 00:51:23,440 Speaker 1: I'd recommend everyone else to do as well. So anywhere 1058 00:51:23,480 --> 00:51:25,920 Speaker 1: that you want to direct people to, uh to follow along, 1059 00:51:26,920 --> 00:51:29,480 Speaker 1: I mean, are just the main website is just sovereerman 1060 00:51:29,560 --> 00:51:31,719 Speaker 1: dot com, so you got it. We'll go ahead and 1061 00:51:31,719 --> 00:51:33,560 Speaker 1: linked to that down below. I know you've got a 1062 00:51:33,680 --> 00:51:36,480 Speaker 1: YouTube channel as well, so we'll link to that as well. Uh, 1063 00:51:36,600 --> 00:51:38,719 Speaker 1: and with that, will I think I think we I 1064 00:51:38,719 --> 00:51:40,640 Speaker 1: think we quit YouTube after we did we did a 1065 00:51:40,680 --> 00:51:43,279 Speaker 1: podcast a week or two ago about COVID and then 1066 00:51:43,360 --> 00:51:48,200 Speaker 1: and then suddenly the gal that runs my company uh 1067 00:51:48,640 --> 00:51:52,839 Speaker 1: said that YouTube and apparently temporarily spending us. So so 1068 00:51:52,880 --> 00:51:55,200 Speaker 1: I don't think we're really on YouTube anymore. All right, 1069 00:51:55,200 --> 00:51:57,040 Speaker 1: Well then we'll just link we'll link to your website 1070 00:51:57,040 --> 00:52:00,080 Speaker 1: down well. Okay, all right, thanks so much, okay it 1071 00:52:00,080 --> 00:52:00,560 Speaker 1: thanks buddy,