1 00:00:13,600 --> 00:00:16,920 Speaker 1: Hey, everyone, welcome to another episode of the Market Disruptors Show. Today. 2 00:00:16,960 --> 00:00:19,919 Speaker 1: I am joined again by my good buddy George Gammon. 3 00:00:20,360 --> 00:00:22,800 Speaker 1: And uh, if you don't know George, well I'm sure 4 00:00:22,800 --> 00:00:25,520 Speaker 1: you probably do by now. He does these amazing whiteboard videos, 5 00:00:25,560 --> 00:00:28,080 Speaker 1: dig super deep into the financial system and it's always 6 00:00:28,080 --> 00:00:29,800 Speaker 1: a pleasure to talk to him. So George, thanks for 7 00:00:29,880 --> 00:00:32,360 Speaker 1: joining me today. Thanks for having me on Mark. It's 8 00:00:32,360 --> 00:00:36,000 Speaker 1: a pleasure to see you again. Yeah. So, um, we've 9 00:00:36,040 --> 00:00:37,920 Speaker 1: had a few conversations back and forth. I've been on 10 00:00:37,960 --> 00:00:40,560 Speaker 1: your channel, You've been on my channel. We recently did 11 00:00:40,880 --> 00:00:43,320 Speaker 1: a show with Robert Kiyosaki, which was amazing. We did 12 00:00:43,360 --> 00:00:45,920 Speaker 1: that together and we had a big meet up which 13 00:00:45,960 --> 00:00:48,080 Speaker 1: was super fun. That was that was pretty cool getting 14 00:00:48,080 --> 00:00:50,400 Speaker 1: to talk to uh, some people that follow us. It 15 00:00:50,520 --> 00:00:53,240 Speaker 1: really was one that that was such a neat experience. 16 00:00:53,280 --> 00:00:56,680 Speaker 1: I wasn't expecting anything like that, and we were just 17 00:00:56,760 --> 00:00:59,080 Speaker 1: expecting four or five people to show up at top Golf. 18 00:00:59,440 --> 00:01:01,200 Speaker 1: The next thing, you a, we have four hundred people 19 00:01:01,280 --> 00:01:04,520 Speaker 1: rs VP that. I'm still kind of blown away by that. Yeah, 20 00:01:04,560 --> 00:01:07,399 Speaker 1: it was, it was. It was amazing the response and 21 00:01:07,440 --> 00:01:09,120 Speaker 1: it was just so fun getting to talk to everybody 22 00:01:09,120 --> 00:01:13,800 Speaker 1: and kind of get those individual perspectives right. So, UM, 23 00:01:13,840 --> 00:01:17,240 Speaker 1: you've been talking quite a bit about UM, a couple 24 00:01:17,280 --> 00:01:19,120 Speaker 1: of topics that I want to dig in deep onto 25 00:01:19,160 --> 00:01:21,920 Speaker 1: and so UM, I thought you might be the perfect 26 00:01:21,959 --> 00:01:23,480 Speaker 1: person to talk to you about these things that I 27 00:01:23,520 --> 00:01:24,960 Speaker 1: want to talk about. So we're I want to talk 28 00:01:25,000 --> 00:01:28,399 Speaker 1: today about UM, the FED. We both talked about the 29 00:01:28,400 --> 00:01:30,280 Speaker 1: FED quite a bit. I want to talk about UM, 30 00:01:30,480 --> 00:01:33,240 Speaker 1: Janet yelling and maybe this merging of the FED and 31 00:01:33,240 --> 00:01:35,319 Speaker 1: the Treasury, what that means. I want to dig into that. 32 00:01:35,480 --> 00:01:39,360 Speaker 1: I want to talk about UM, the great reset that jubilees, 33 00:01:39,720 --> 00:01:42,800 Speaker 1: central bank, digital currencies, kind of stuff like that, UM, 34 00:01:42,880 --> 00:01:45,160 Speaker 1: and then we'll talk about ways that maybe we can 35 00:01:45,240 --> 00:01:48,640 Speaker 1: kind of navigate that long volatility I I I think 36 00:01:48,680 --> 00:01:50,280 Speaker 1: you like to call it. So those kind of some 37 00:01:50,400 --> 00:01:54,200 Speaker 1: topics that will dig into UM. And you know, for 38 00:01:54,200 --> 00:01:56,240 Speaker 1: anybody that doesn't know George, I'm sure you probably do, 39 00:01:56,360 --> 00:01:59,600 Speaker 1: just go check out his YouTube channel. Uh, he's been 40 00:01:59,640 --> 00:02:02,360 Speaker 1: doing a lot. But I know you've been talking quite 41 00:02:02,360 --> 00:02:05,520 Speaker 1: a bit about the t g A account, right, Treasury, 42 00:02:05,600 --> 00:02:08,600 Speaker 1: the Treasury account and UM, it looks like with this 43 00:02:08,720 --> 00:02:11,080 Speaker 1: move that the Fed or I guess I should say 44 00:02:11,160 --> 00:02:14,920 Speaker 1: Biden announced Janet Yellen kind of moving into that treasury role. 45 00:02:16,800 --> 00:02:18,600 Speaker 1: I know you have some thoughts about that. What do 46 00:02:18,639 --> 00:02:20,880 Speaker 1: you see with Janet Yellen taking that position with the 47 00:02:20,919 --> 00:02:23,640 Speaker 1: Treasury roll, How do you think that works with the 48 00:02:23,639 --> 00:02:25,480 Speaker 1: FED or what are they trying to angle for their 49 00:02:26,280 --> 00:02:28,360 Speaker 1: So for those of the people who don't know, Janet 50 00:02:28,400 --> 00:02:31,640 Speaker 1: Yellen was a former FED chair right just right before pal. 51 00:02:31,800 --> 00:02:35,160 Speaker 1: So you're taking someone that intimately knows the balance sheet 52 00:02:35,240 --> 00:02:37,840 Speaker 1: of the FED and putting them in charge of the 53 00:02:37,880 --> 00:02:41,600 Speaker 1: balance sheet of the government. Okay, so what does that mean. Well, 54 00:02:41,760 --> 00:02:45,480 Speaker 1: you look at MMT what they tell you to do, 55 00:02:45,840 --> 00:02:49,840 Speaker 1: is they one of their main philosophies is you've got 56 00:02:49,880 --> 00:02:54,680 Speaker 1: to merge the government with the FED or the Central Bank. 57 00:02:54,800 --> 00:02:57,520 Speaker 1: They need to become one. So those two balance sheets 58 00:02:57,639 --> 00:03:00,959 Speaker 1: need to become one balance sheet. So if you wanted 59 00:03:01,000 --> 00:03:04,000 Speaker 1: to do that and execute on that MMT game plan, 60 00:03:04,600 --> 00:03:07,799 Speaker 1: wouldn't you hire someone as Treasury secretary that used to 61 00:03:07,880 --> 00:03:11,520 Speaker 1: run the FED? Of course you would absolutely, of course. 62 00:03:11,919 --> 00:03:15,119 Speaker 1: So I'm not saying that that's definitely their game plan. 63 00:03:15,160 --> 00:03:17,840 Speaker 1: I don't know that Biden is that smart, but I 64 00:03:17,880 --> 00:03:19,959 Speaker 1: do know that we're going to have m m T 65 00:03:20,120 --> 00:03:22,240 Speaker 1: at some point in time. It's not really a matter 66 00:03:22,320 --> 00:03:24,840 Speaker 1: of if, it's a matter of when and if they 67 00:03:25,080 --> 00:03:27,520 Speaker 1: If he does have some people behind him that are 68 00:03:27,520 --> 00:03:31,160 Speaker 1: a little bit smarter, that want to get the Green 69 00:03:31,240 --> 00:03:33,919 Speaker 1: New Deal going, or they want to do more stimulus, 70 00:03:33,960 --> 00:03:36,200 Speaker 1: or they want to execute on this EMMT game plan, 71 00:03:36,840 --> 00:03:39,640 Speaker 1: they they've hired the right person. And so I think 72 00:03:39,720 --> 00:03:41,720 Speaker 1: that's kind of the direction that you're going. So you've 73 00:03:41,760 --> 00:03:45,560 Speaker 1: combined that with all the talk about the Banking for 74 00:03:45,640 --> 00:03:49,640 Speaker 1: All Act, which means that all of us and businesses 75 00:03:49,920 --> 00:03:52,800 Speaker 1: in the real economy now have an account with the FED, 76 00:03:52,880 --> 00:03:55,280 Speaker 1: just like the primary dealer banks. So what that means 77 00:03:56,440 --> 00:03:59,680 Speaker 1: is the FED or now maybe the government, they're creating 78 00:03:59,680 --> 00:04:02,600 Speaker 1: these anc preserves and they're just deposing it directly into 79 00:04:02,720 --> 00:04:06,240 Speaker 1: our accounts at the FED, and that we spend now 80 00:04:06,400 --> 00:04:08,600 Speaker 1: these who'll call them, I don't know. I don't want 81 00:04:08,600 --> 00:04:12,440 Speaker 1: to call them crypto dollars because that implies a decentralized dollar. 82 00:04:12,920 --> 00:04:16,080 Speaker 1: But we spend these digital dollars, these FED coins, these 83 00:04:16,120 --> 00:04:21,360 Speaker 1: central bank digital currencies on our phone, and the FED 84 00:04:21,440 --> 00:04:24,479 Speaker 1: just kind of tops up our account that we have 85 00:04:24,720 --> 00:04:27,320 Speaker 1: at the FED with U b I every single month. 86 00:04:27,360 --> 00:04:30,600 Speaker 1: And that's how I think they're going to incentivize everyone 87 00:04:30,720 --> 00:04:34,719 Speaker 1: to have these accounts. Is well, who doesn't want free money. 88 00:04:34,760 --> 00:04:36,640 Speaker 1: If you want the free money, that you've got to 89 00:04:36,680 --> 00:04:39,360 Speaker 1: download the app, And if you download the app, then 90 00:04:39,440 --> 00:04:43,080 Speaker 1: you automatically have an account with the Fed or the Treasury, 91 00:04:43,680 --> 00:04:45,760 Speaker 1: whatever they want to call it. When they end up 92 00:04:45,839 --> 00:04:49,560 Speaker 1: merging it merging it in the future. So then what 93 00:04:49,680 --> 00:04:53,600 Speaker 1: happens is all the transactions are are going through the government, 94 00:04:53,880 --> 00:04:56,479 Speaker 1: and I think that they'll start to process all of 95 00:04:56,520 --> 00:05:00,680 Speaker 1: these transactions in real time. At the beginning, they'll probably 96 00:05:00,800 --> 00:05:03,560 Speaker 1: argue that they're doing this to make better decisions on 97 00:05:03,600 --> 00:05:07,680 Speaker 1: things like interest rates or how to for their micromanage 98 00:05:07,880 --> 00:05:13,280 Speaker 1: the economy through whatever crazy program they have going on 99 00:05:13,360 --> 00:05:15,360 Speaker 1: at the time, where there are four or five letter 100 00:05:15,440 --> 00:05:17,839 Speaker 1: acronym that you want to give it. The bottom line 101 00:05:17,880 --> 00:05:20,599 Speaker 1: is they're just continue to prop up asset bubbles. So 102 00:05:20,680 --> 00:05:23,680 Speaker 1: however they're propping up asset bubbles at at the time, 103 00:05:24,160 --> 00:05:29,440 Speaker 1: they'll they'll use the data collection and the crunching of 104 00:05:29,440 --> 00:05:33,880 Speaker 1: that data by artificial intelligence to achieve those objectives. The 105 00:05:33,960 --> 00:05:38,599 Speaker 1: state of objectives now, I think what will possibly happen 106 00:05:38,640 --> 00:05:41,960 Speaker 1: in the future. And this is me just kind of 107 00:05:42,000 --> 00:05:44,880 Speaker 1: trying to take a step back and see things through 108 00:05:44,920 --> 00:05:48,360 Speaker 1: the eyes of a central planner, and you're talking about 109 00:05:48,360 --> 00:05:51,120 Speaker 1: the great reset. So someone or a group like the 110 00:05:51,160 --> 00:05:54,240 Speaker 1: World Economic Forms, you go through their website and just 111 00:05:54,360 --> 00:05:57,440 Speaker 1: read their blog posts and read what they're talking about. 112 00:05:57,720 --> 00:06:01,839 Speaker 1: It becomes abundantly clear that what they want to achieve 113 00:06:02,360 --> 00:06:09,640 Speaker 1: is this tops down centralized planned global economy where there's 114 00:06:09,839 --> 00:06:14,440 Speaker 1: no private property. Okay, well's okay, how do you get there? Well, 115 00:06:15,000 --> 00:06:19,120 Speaker 1: let's go back to March. If in March the government 116 00:06:19,200 --> 00:06:22,640 Speaker 1: or the FED would have done nothing, what would have 117 00:06:22,640 --> 00:06:25,960 Speaker 1: happened to asset prices? I think that's that's obvious. You 118 00:06:26,000 --> 00:06:28,360 Speaker 1: don't have to be a rocket scientist. They probably would 119 00:06:28,360 --> 00:06:30,880 Speaker 1: have gone down by a lot more than they went 120 00:06:30,960 --> 00:06:35,520 Speaker 1: down during the GFC, which was about the main asset prices. 121 00:06:35,520 --> 00:06:39,239 Speaker 1: I'm referring to our housing and the stock market. So 122 00:06:39,440 --> 00:06:41,839 Speaker 1: if housing in the stock market would have gone down, 123 00:06:41,880 --> 00:06:46,240 Speaker 1: let's say by fifties sixty seventy percent. And let's remember 124 00:06:46,560 --> 00:06:51,160 Speaker 1: that consumer debt and more importantly, corporate debt was at 125 00:06:51,200 --> 00:06:55,320 Speaker 1: all time highs, So the balance sheet for those corporations 126 00:06:55,520 --> 00:06:58,800 Speaker 1: were far worse in March than they were back in 127 00:06:58,839 --> 00:07:02,640 Speaker 1: two thousand and eight. All right, So, so so you 128 00:07:02,680 --> 00:07:06,000 Speaker 1: have a lot more bankruptcies, is my point. So you've 129 00:07:06,040 --> 00:07:09,840 Speaker 1: got this situation where we all have accounts with the Fed, 130 00:07:10,560 --> 00:07:14,400 Speaker 1: you have all these bankruptcies, you have asset prices, stock 131 00:07:14,520 --> 00:07:21,560 Speaker 1: market plumbering, and people's purchasing power going down significantly. Because 132 00:07:21,600 --> 00:07:24,680 Speaker 1: most people's purchasing power is in the form of either 133 00:07:24,880 --> 00:07:27,920 Speaker 1: house or their four oh one K or their job. Right, 134 00:07:28,440 --> 00:07:31,400 Speaker 1: So if if all that kind of puff disappears, so 135 00:07:31,520 --> 00:07:36,720 Speaker 1: does the purchasing power, then the economy is consumption. Right, 136 00:07:36,720 --> 00:07:39,040 Speaker 1: So the economy crashes as well, and that gives us 137 00:07:39,040 --> 00:07:43,960 Speaker 1: this feedback loop which really makes more creates more bankruptcies 138 00:07:44,200 --> 00:07:47,920 Speaker 1: for these corporations. So we see what happened in March 139 00:07:47,960 --> 00:07:52,400 Speaker 1: where the FED steps in and starts buying debt of 140 00:07:52,480 --> 00:07:56,840 Speaker 1: all these corporations even jumped in. And so I think 141 00:07:56,920 --> 00:08:00,280 Speaker 1: they potentially do that again. Well, if they own enough debt, 142 00:08:00,320 --> 00:08:03,320 Speaker 1: maybe they start buying equities. All of a sudden, all 143 00:08:03,360 --> 00:08:08,800 Speaker 1: the assets, all the corporations, all the stocks, all the bonds, 144 00:08:08,880 --> 00:08:12,960 Speaker 1: of everything that we produce in the United States, it 145 00:08:13,040 --> 00:08:16,280 Speaker 1: goes on the balance sheet of now what is essentially 146 00:08:16,400 --> 00:08:19,520 Speaker 1: the government, because we've combined them. Remember with m MT. 147 00:08:20,280 --> 00:08:23,400 Speaker 1: And then all the people who are upside down in 148 00:08:23,400 --> 00:08:27,200 Speaker 1: their house and and they can't afford their mortgage, fancerb 149 00:08:27,200 --> 00:08:29,840 Speaker 1: operated to get kicked out, you know, on the street. 150 00:08:30,360 --> 00:08:33,720 Speaker 1: Then the government comes in and says, okay, well we'll 151 00:08:33,840 --> 00:08:37,520 Speaker 1: bail you out. We'll buy those mortgages from you, and 152 00:08:37,520 --> 00:08:41,560 Speaker 1: then we'll pay you whatever the value of your property 153 00:08:41,720 --> 00:08:44,720 Speaker 1: was prior to this crash. We'll give you a hundred 154 00:08:44,760 --> 00:08:47,640 Speaker 1: cents on the dollar, let's say, and then you can 155 00:08:47,679 --> 00:08:50,240 Speaker 1: go ahead and just rent it back from us, but 156 00:08:50,360 --> 00:08:54,160 Speaker 1: we'll own the deed, will own the title. And they're 157 00:08:54,200 --> 00:08:56,840 Speaker 1: doing that through creating more bank reserves because they have 158 00:08:56,840 --> 00:08:59,880 Speaker 1: an unlimited balance sheet. Now, the Fed, as we know, 159 00:09:00,000 --> 00:09:02,880 Speaker 1: has an unlimited balance sheet in this case, once they merge, 160 00:09:03,240 --> 00:09:07,839 Speaker 1: then that unlimited balance sheet would be the governments as well. Yeah, 161 00:09:08,040 --> 00:09:11,760 Speaker 1: so if you're so, just to summarize here, you start 162 00:09:11,800 --> 00:09:14,880 Speaker 1: by merging the balance sheets through m m T. And 163 00:09:14,920 --> 00:09:19,240 Speaker 1: then if you do have a crash, all of those assets, 164 00:09:19,440 --> 00:09:21,920 Speaker 1: the FED comes in and scoops up or the government, 165 00:09:22,120 --> 00:09:24,600 Speaker 1: it goes onto the balance sheet of the government. So 166 00:09:24,679 --> 00:09:28,760 Speaker 1: now all of a sudden they own all of the 167 00:09:28,760 --> 00:09:30,880 Speaker 1: the majority of the assets. And I think the majority 168 00:09:30,880 --> 00:09:32,880 Speaker 1: of the assets they want to own. If you read 169 00:09:33,080 --> 00:09:36,679 Speaker 1: the World Economic Forums website is really it's all about 170 00:09:36,720 --> 00:09:42,160 Speaker 1: housing and automobiles. That's their their main push because they 171 00:09:42,200 --> 00:09:44,600 Speaker 1: don't want people owning houses and they don't want people 172 00:09:44,600 --> 00:09:47,400 Speaker 1: owning cars. And again, I know this sounds like tinfoil 173 00:09:47,440 --> 00:09:51,080 Speaker 1: hats stuff, but they take them at their words. Don't 174 00:09:51,080 --> 00:09:53,000 Speaker 1: take you, don't take my word on it. Just go 175 00:09:53,200 --> 00:09:56,640 Speaker 1: right to their website and and read what they say 176 00:09:56,679 --> 00:10:00,400 Speaker 1: and what their projections are for the future. So I 177 00:10:00,440 --> 00:10:03,559 Speaker 1: think that all these things, it all makes sense when 178 00:10:03,559 --> 00:10:05,120 Speaker 1: you look at the fed coin, you look at the 179 00:10:05,120 --> 00:10:08,040 Speaker 1: Banking for All Acts, you look at m MT, you 180 00:10:08,080 --> 00:10:11,760 Speaker 1: look at their objectives. Uh they they you see these 181 00:10:11,840 --> 00:10:15,000 Speaker 1: videos and these blog posts where they say quite literally 182 00:10:15,600 --> 00:10:19,080 Speaker 1: that you will own nothing and you will be happy. 183 00:10:19,760 --> 00:10:22,559 Speaker 1: Right and and I have read another blog post that 184 00:10:23,120 --> 00:10:25,120 Speaker 1: was it was funny. I used it for a video 185 00:10:25,200 --> 00:10:28,560 Speaker 1: today and I looked at the blog post on their 186 00:10:28,640 --> 00:10:30,400 Speaker 1: their website, but it was weird. You know, when you 187 00:10:30,480 --> 00:10:34,679 Speaker 1: Google something and you can see like the title or 188 00:10:34,800 --> 00:10:36,640 Speaker 1: part of the title of the video, it didn't match 189 00:10:36,720 --> 00:10:38,840 Speaker 1: up with the title of the actual blog posts. When 190 00:10:38,840 --> 00:10:41,680 Speaker 1: I clicked on it, I thought that was weird. So 191 00:10:41,720 --> 00:10:44,800 Speaker 1: what I did is I googled the portion of the 192 00:10:44,800 --> 00:10:48,400 Speaker 1: title that I could see in in the Google listing, 193 00:10:48,800 --> 00:10:52,040 Speaker 1: and sure enough, the original article came up because they 194 00:10:52,080 --> 00:10:55,560 Speaker 1: also posted it on Forbes, and the original title of 195 00:10:55,600 --> 00:11:01,640 Speaker 1: the article was You'll own nothing, you will have no privacy, 196 00:11:02,640 --> 00:11:07,679 Speaker 1: and life has never been better. And yeah, so what 197 00:11:07,720 --> 00:11:10,960 Speaker 1: they did is they switched the title because obviously they 198 00:11:11,080 --> 00:11:14,600 Speaker 1: got so much negative feedback on it that they had 199 00:11:14,679 --> 00:11:16,200 Speaker 1: to change it up. And then they put in this 200 00:11:16,320 --> 00:11:19,959 Speaker 1: bogus disclaimer saying, oh, this isn't our our vision, this 201 00:11:20,040 --> 00:11:23,120 Speaker 1: is just we wanted to create dialogue going back and 202 00:11:23,160 --> 00:11:26,400 Speaker 1: forth with the global economic community. And I said, yeah, 203 00:11:26,400 --> 00:11:29,560 Speaker 1: that's a lot like Jerome Powell going in in September 204 00:11:29,640 --> 00:11:33,480 Speaker 1: of two thousand nineteen and saying, oh this don't look 205 00:11:33,480 --> 00:11:35,679 Speaker 1: over here. Whatever you do, don't call it q E 206 00:11:36,280 --> 00:11:39,559 Speaker 1: when everyone knows that that's exactly what they're doing. So 207 00:11:39,960 --> 00:11:42,679 Speaker 1: when you put all these pieces of the puzzle together, 208 00:11:42,960 --> 00:11:45,320 Speaker 1: I think that's what you get. You have this kind 209 00:11:45,320 --> 00:11:53,520 Speaker 1: of really communist utopian society where everything is controlled through 210 00:11:53,760 --> 00:11:56,400 Speaker 1: artificial intelligence. That's where I was going with that, and 211 00:11:56,400 --> 00:11:59,360 Speaker 1: I think kind of the segue will be that they 212 00:11:59,360 --> 00:12:02,200 Speaker 1: want to control interest rates better through AI, they want 213 00:12:02,280 --> 00:12:05,240 Speaker 1: to micromanage the economy better. But you know, once they 214 00:12:05,280 --> 00:12:09,319 Speaker 1: cross that line, they'll just manage more and more and 215 00:12:09,360 --> 00:12:11,840 Speaker 1: more of the economy until all of a sudden we 216 00:12:11,880 --> 00:12:16,920 Speaker 1: wake up and it's and we're right in the middle 217 00:12:17,040 --> 00:12:22,120 Speaker 1: of their utopian dream. Yeah. Wow, that was That was 218 00:12:22,160 --> 00:12:24,120 Speaker 1: a lot, right, there, lots of lots to unpact. I 219 00:12:24,160 --> 00:12:26,240 Speaker 1: want to dig into some of that. Um Now, I 220 00:12:26,280 --> 00:12:28,240 Speaker 1: just do want to add real quick before I dig 221 00:12:28,240 --> 00:12:30,960 Speaker 1: into that. Um. Not only are they saying that on 222 00:12:31,000 --> 00:12:33,160 Speaker 1: their website and again, like I take them at their 223 00:12:33,160 --> 00:12:35,400 Speaker 1: word right that they're saying that it's not conspiracy, but 224 00:12:35,480 --> 00:12:37,720 Speaker 1: we also know on the other side there's kind of 225 00:12:37,720 --> 00:12:40,880 Speaker 1: two forces that are converging, and we have whatever you 226 00:12:40,880 --> 00:12:44,720 Speaker 1: want to call the left Marxism, right, that's that's infiltrated 227 00:12:44,720 --> 00:12:46,800 Speaker 1: b LMS as their train Marxism, So we kind of 228 00:12:46,800 --> 00:12:49,600 Speaker 1: have that coming. And under Marxism they also believe in 229 00:12:50,200 --> 00:12:53,760 Speaker 1: private property being wrong, right, private property being evil evil, 230 00:12:53,840 --> 00:12:56,720 Speaker 1: So we have the Marxism wanting to take away private property, 231 00:12:56,720 --> 00:12:58,319 Speaker 1: and then we have the World Economic Forum and they're 232 00:12:58,400 --> 00:13:02,800 Speaker 1: kind of coming like this and so an all Marxists marts. Yeah. 233 00:13:02,800 --> 00:13:04,920 Speaker 1: So anybody who thinks that that's not coming, they're not 234 00:13:05,000 --> 00:13:08,640 Speaker 1: paying attention. Yeah. Look, in fact, right here, I'm gonna 235 00:13:08,679 --> 00:13:10,480 Speaker 1: read it to you. I've got a quote from Marks 236 00:13:10,520 --> 00:13:13,439 Speaker 1: that I used in in my video today. So the 237 00:13:13,440 --> 00:13:16,400 Speaker 1: theory of the communists may be summed up in a 238 00:13:16,520 --> 00:13:22,600 Speaker 1: single sentence abolition of private property. Wow, there you go, 239 00:13:23,200 --> 00:13:27,520 Speaker 1: there you go. Now. I had some someone on Twitter said, 240 00:13:27,640 --> 00:13:31,280 Speaker 1: why are you guys also hung up on owning owning things? 241 00:13:34,600 --> 00:13:36,839 Speaker 1: Because if you don't, if you don't own anything, you 242 00:13:36,920 --> 00:13:40,240 Speaker 1: gotta ask yourself who owns it? Right? They just go 243 00:13:40,320 --> 00:13:43,760 Speaker 1: down that rabbit hole and take it to its logical conclusion. Yeah, 244 00:13:43,840 --> 00:13:46,040 Speaker 1: and uh, I mean that's because it goes into philosophical 245 00:13:46,120 --> 00:13:51,240 Speaker 1: argument or debate or whatever conversation. But I mean humans create, right, 246 00:13:51,320 --> 00:13:53,920 Speaker 1: We're creators, and we create things, and so we want 247 00:13:53,960 --> 00:13:55,560 Speaker 1: to own those things that we create, and then we 248 00:13:55,559 --> 00:13:57,280 Speaker 1: can control those things and we can use those things 249 00:13:57,320 --> 00:13:59,319 Speaker 1: to create more things. And if you don't own anything, 250 00:13:59,400 --> 00:14:01,079 Speaker 1: you're not gonna create anything. And what kind of world 251 00:14:01,080 --> 00:14:03,160 Speaker 1: are we in at that point? And they also haven't 252 00:14:03,160 --> 00:14:06,880 Speaker 1: studied history anyone, that they just don't understand. They don't 253 00:14:06,960 --> 00:14:09,720 Speaker 1: understand economics, because if you look at one of the 254 00:14:09,720 --> 00:14:13,160 Speaker 1: main reasons communism failed in Russia as an example, it's 255 00:14:13,200 --> 00:14:15,880 Speaker 1: because they didn't have any price signals, right, And in 256 00:14:16,000 --> 00:14:18,480 Speaker 1: order for price signals to give you the data that 257 00:14:19,120 --> 00:14:23,520 Speaker 1: you need to distribute and allocate scarce resources efficiently, you 258 00:14:23,640 --> 00:14:27,600 Speaker 1: have to have private property. Yeah, that's that's the only 259 00:14:27,600 --> 00:14:30,120 Speaker 1: way it works. And if you don't have the private property, 260 00:14:30,200 --> 00:14:32,480 Speaker 1: you don't have the price signals, you know, the price signals, 261 00:14:32,520 --> 00:14:35,040 Speaker 1: you don't have the data. You know, the data, then 262 00:14:35,080 --> 00:14:39,480 Speaker 1: you misallocate resources and then your whole economy implodes. Yeah, 263 00:14:39,720 --> 00:14:42,040 Speaker 1: you know, we're roughly the same age, and so we 264 00:14:42,120 --> 00:14:44,360 Speaker 1: kind of grew up in the same era. And you know, 265 00:14:45,840 --> 00:14:49,400 Speaker 1: Russia was communists, and we had the Berlin Wall, and 266 00:14:49,440 --> 00:14:51,560 Speaker 1: I remember as a kid, they can shoot man. They 267 00:14:51,600 --> 00:14:53,200 Speaker 1: kind of put that wall up overnight. What if I 268 00:14:53,240 --> 00:14:54,840 Speaker 1: was at my friend's house and they put the wall up, 269 00:14:54,840 --> 00:14:56,760 Speaker 1: I was stuck And I remember that. But there's really 270 00:14:56,760 --> 00:15:00,000 Speaker 1: been no better experiment done than the Berlin Wall because 271 00:15:00,080 --> 00:15:02,440 Speaker 1: they took the same country, the same work ethic, the 272 00:15:02,480 --> 00:15:05,240 Speaker 1: same people, the same culture, same everything, and they put 273 00:15:05,240 --> 00:15:07,360 Speaker 1: a wall up and they said, hey, we're on one 274 00:15:07,440 --> 00:15:10,200 Speaker 1: side we're going to control everything. That's gonna be perfect utopia. 275 00:15:10,280 --> 00:15:12,720 Speaker 1: Everything's gonna be you know, free, perfect, and we're gonna 276 00:15:12,760 --> 00:15:15,520 Speaker 1: put up barbed wire and machine guns to keep all 277 00:15:15,560 --> 00:15:18,240 Speaker 1: those evil capitalists from coming over and pillaging all her 278 00:15:18,320 --> 00:15:21,640 Speaker 1: free stuff. Right well throughout all the time the Berlin 279 00:15:21,680 --> 00:15:23,920 Speaker 1: Wall was up, they didn't stop anybody from trying to 280 00:15:23,960 --> 00:15:26,160 Speaker 1: get into the communist side, but they killed lots of 281 00:15:26,160 --> 00:15:28,760 Speaker 1: people trying to get out of the communist side. And 282 00:15:28,760 --> 00:15:31,040 Speaker 1: and and there's several stories that have been written about that. 283 00:15:31,080 --> 00:15:33,760 Speaker 1: But if you look at what happened, it's just amazing 284 00:15:33,800 --> 00:15:38,640 Speaker 1: how the controlled side, the communism side, and they just 285 00:15:38,640 --> 00:15:42,080 Speaker 1: fell apart, shortages on everything. As you said, right, the 286 00:15:42,120 --> 00:15:45,080 Speaker 1: cars were old, the buildings were in shambles, and everything 287 00:15:45,120 --> 00:15:49,760 Speaker 1: just fell apart. Yeah, And most people don't really think 288 00:15:50,040 --> 00:15:54,120 Speaker 1: through what happened when they started to build the Berlin Wall. 289 00:15:55,200 --> 00:15:58,480 Speaker 1: I I don't know. I guess it's not even people 290 00:15:58,480 --> 00:16:00,480 Speaker 1: aren'ting cognizant of it. They don't give an he thought. 291 00:16:00,840 --> 00:16:03,760 Speaker 1: But if you try to put yourself in East Germany 292 00:16:03,960 --> 00:16:08,560 Speaker 1: around that time, it's not like the politicians came and said, hey, 293 00:16:08,560 --> 00:16:11,520 Speaker 1: we've got this great idea. We're gonna build this wall. 294 00:16:11,600 --> 00:16:14,520 Speaker 1: We're gonna lock you in, We're never ever gonna let 295 00:16:14,560 --> 00:16:16,320 Speaker 1: you out, and if you try to escape, we're gonna 296 00:16:16,360 --> 00:16:18,600 Speaker 1: shoot you with a machine gun. And everyone said, Oh, 297 00:16:18,720 --> 00:16:23,120 Speaker 1: that sounds fantastic, sign me up. No, of course, not 298 00:16:23,520 --> 00:16:25,960 Speaker 1: the way it was sold to the people, as though, 299 00:16:25,960 --> 00:16:30,360 Speaker 1: we're building this wall for your safety, This wall is 300 00:16:30,360 --> 00:16:34,200 Speaker 1: going to keep you safe. And what they never said 301 00:16:34,240 --> 00:16:36,520 Speaker 1: anything about not being able to leave or you can 302 00:16:36,600 --> 00:16:38,920 Speaker 1: come and go whatever. We're just building this wall for 303 00:16:39,040 --> 00:16:43,600 Speaker 1: your protection. So you think about all the things that 304 00:16:43,680 --> 00:16:47,040 Speaker 1: have been sold to just average people throughout the world 305 00:16:47,760 --> 00:16:51,480 Speaker 1: in the name of safety, and usually when you've got 306 00:16:51,480 --> 00:16:54,000 Speaker 1: a politician saying that to you, it's it has nothing 307 00:16:54,040 --> 00:16:57,280 Speaker 1: to do with your safety and has everything to do 308 00:16:57,400 --> 00:17:00,960 Speaker 1: with their power. And I think we should really be 309 00:17:01,080 --> 00:17:05,960 Speaker 1: recognizing that today when we live in this world of lockdowns, 310 00:17:06,680 --> 00:17:10,280 Speaker 1: where everything is being done for our safety. This is 311 00:17:10,320 --> 00:17:13,840 Speaker 1: for your safety, that's for your safety. Is it for 312 00:17:14,000 --> 00:17:17,000 Speaker 1: it or is it more about power. I'm not saying 313 00:17:17,040 --> 00:17:19,240 Speaker 1: it is or isn't, But I'm saying that this is 314 00:17:19,280 --> 00:17:22,560 Speaker 1: something that people should really be thinking through and understanding 315 00:17:23,119 --> 00:17:26,960 Speaker 1: that whenever you're giving the government this type of power 316 00:17:27,840 --> 00:17:34,160 Speaker 1: usually they will use it against you, and you've got 317 00:17:34,200 --> 00:17:39,439 Speaker 1: to do a thorough cost benefit analysis. And most people, 318 00:17:39,560 --> 00:17:43,119 Speaker 1: whether they're arguing for something I agree with or against it, 319 00:17:43,600 --> 00:17:47,359 Speaker 1: they get hyper focused on either the cost or the 320 00:17:47,400 --> 00:17:52,720 Speaker 1: benefits whichever they whichever fits into their narrative right. And 321 00:17:52,760 --> 00:17:56,080 Speaker 1: I think that people, especially now, really need to do 322 00:17:56,119 --> 00:17:59,359 Speaker 1: a cost benefit analysis. And like I said, they need 323 00:17:59,400 --> 00:18:04,920 Speaker 1: to be very apprehensive about the amount of power they're 324 00:18:04,920 --> 00:18:08,359 Speaker 1: giving the government, understanding that the government over the long 325 00:18:08,440 --> 00:18:12,959 Speaker 1: run will most likely use that power to take away 326 00:18:12,960 --> 00:18:16,320 Speaker 1: our personal liberties and our personal freedom. You know one 327 00:18:16,480 --> 00:18:20,359 Speaker 1: tweet that I sent out the other day that I 328 00:18:20,720 --> 00:18:23,200 Speaker 1: think people should I mean, it sounds a little funny, 329 00:18:23,240 --> 00:18:26,280 Speaker 1: but I think we'd be far better off if we 330 00:18:26,480 --> 00:18:30,160 Speaker 1: looked at the government the same way that they looked 331 00:18:30,200 --> 00:18:33,719 Speaker 1: at Hannibal lector remember the Silence of the Lambs movies, 332 00:18:34,480 --> 00:18:38,359 Speaker 1: that they knew that that using this guy had massive 333 00:18:38,600 --> 00:18:43,080 Speaker 1: downside Like you could really get in trouble trying to 334 00:18:43,200 --> 00:18:47,240 Speaker 1: talk to this guy because it was bad news personified, 335 00:18:47,680 --> 00:18:50,640 Speaker 1: and so you had a huge amount of downside risk. 336 00:18:51,160 --> 00:18:55,119 Speaker 1: But the risk of not using him was so great 337 00:18:55,280 --> 00:18:59,240 Speaker 1: that you kind of have to do that cost benefit analysis. So, 338 00:19:00,280 --> 00:19:04,280 Speaker 1: but they didn't look at Hannibal Elector as this panacea. 339 00:19:04,880 --> 00:19:07,280 Speaker 1: Like if they had a problem deciding where they should 340 00:19:07,280 --> 00:19:11,040 Speaker 1: go to lunch, they wouldn't go to Hannibal Lector and say, hey, 341 00:19:11,080 --> 00:19:13,399 Speaker 1: what do you think, because the next thing you know, 342 00:19:13,480 --> 00:19:18,159 Speaker 1: you're eating each other's brain for lunch. So they just 343 00:19:18,960 --> 00:19:23,560 Speaker 1: they used him sparingly only when they had to, only 344 00:19:23,600 --> 00:19:26,680 Speaker 1: in a case of an absolute emergency, where there were 345 00:19:26,800 --> 00:19:30,120 Speaker 1: no other options. And I think if we looked at 346 00:19:30,200 --> 00:19:34,000 Speaker 1: government the exact same way, our society would be far 347 00:19:34,080 --> 00:19:38,080 Speaker 1: better off. Just look at those politicians as Hannibal Lector 348 00:19:38,200 --> 00:19:40,640 Speaker 1: locked up in a straight jack with that mask over 349 00:19:40,680 --> 00:19:45,000 Speaker 1: his face, right, and and understand that if you decide 350 00:19:45,320 --> 00:19:48,440 Speaker 1: to go to government for some sort of solution, that 351 00:19:48,520 --> 00:19:53,080 Speaker 1: you've got to be extremely larry. You've got to understand 352 00:19:53,119 --> 00:19:56,199 Speaker 1: that you're doing a deal with the devil, and only 353 00:19:56,320 --> 00:19:59,720 Speaker 1: go and use that we'll call it a resource at 354 00:19:59,760 --> 00:20:03,480 Speaker 1: at if you have no other option. Right, So, if 355 00:20:03,560 --> 00:20:07,120 Speaker 1: we go into a war, as an example, we get invaded, okay, fine, 356 00:20:07,119 --> 00:20:09,040 Speaker 1: we use the government. We have no other option. But 357 00:20:09,080 --> 00:20:12,879 Speaker 1: you don't go to the government when you need to 358 00:20:12,920 --> 00:20:16,280 Speaker 1: figure out if you want to build a home or 359 00:20:16,359 --> 00:20:18,840 Speaker 1: you want to build a building right here. No no, no no, no, 360 00:20:18,920 --> 00:20:20,520 Speaker 1: that's not where you go to government. You don't go 361 00:20:20,560 --> 00:20:22,959 Speaker 1: to a government to try to figure out if you 362 00:20:23,040 --> 00:20:25,840 Speaker 1: need or if you want to wear a mask. Right, 363 00:20:26,040 --> 00:20:29,359 Speaker 1: that's your decision. We get the government out of it. 364 00:20:29,440 --> 00:20:33,400 Speaker 1: So that's my my little ramp there. Yeah, yeah for sure. 365 00:20:33,920 --> 00:20:35,480 Speaker 1: Um So, like I said, I want to kind of 366 00:20:35,520 --> 00:20:37,640 Speaker 1: dig into some of that stuff. I wanted to talk 367 00:20:37,680 --> 00:20:39,880 Speaker 1: more about, um, the FED, but I think we're gonna 368 00:20:39,920 --> 00:20:42,600 Speaker 1: kind of skip past that a little bit and dig 369 00:20:42,600 --> 00:20:44,240 Speaker 1: in a little bit deeper kind of what you talked 370 00:20:44,240 --> 00:20:47,280 Speaker 1: about there. Um So I look at it on on 371 00:20:47,440 --> 00:20:50,359 Speaker 1: two sides. So we have this World Economic Forum and 372 00:20:50,440 --> 00:20:54,960 Speaker 1: what are called NGOs, right, non governmental organization. So we 373 00:20:55,040 --> 00:20:58,080 Speaker 1: have the World Trade Organization, the World Health Organization, and 374 00:20:58,119 --> 00:21:02,119 Speaker 1: the World Economic Forum. We have the UN we have 375 00:21:02,200 --> 00:21:05,280 Speaker 1: and the i m F. Okay, and so they're above 376 00:21:05,640 --> 00:21:08,879 Speaker 1: the government, right, so they're above the president. And you know, 377 00:21:08,960 --> 00:21:10,560 Speaker 1: we had the I m F. The i m F 378 00:21:10,680 --> 00:21:14,080 Speaker 1: was created under the Breton Woods Agreement, and recently they 379 00:21:14,160 --> 00:21:17,960 Speaker 1: came out calling for a Breton Woods too moment, which 380 00:21:18,160 --> 00:21:20,760 Speaker 1: to me sounds like they're bas Bretton Woods. One got 381 00:21:20,800 --> 00:21:23,800 Speaker 1: the whole world together on one currency, and then after 382 00:21:23,840 --> 00:21:27,320 Speaker 1: the ties the gold were severed, everyone kind of has 383 00:21:27,359 --> 00:21:29,240 Speaker 1: their own currency and they're all the guying against each other. 384 00:21:29,240 --> 00:21:31,320 Speaker 1: But Breton Woods two seems like they want to get 385 00:21:31,359 --> 00:21:34,560 Speaker 1: all the world back together in one currency UM and 386 00:21:34,600 --> 00:21:37,080 Speaker 1: probably a c B d C right, central bank digital currency, 387 00:21:37,119 --> 00:21:39,719 Speaker 1: So you have central bank digital currency. They want to 388 00:21:39,720 --> 00:21:43,680 Speaker 1: be the digital SDR. Yeah, yeah, digital SDR whatever you 389 00:21:43,720 --> 00:21:46,600 Speaker 1: wanna call it digital a digital currency SDRUM. But so 390 00:21:46,640 --> 00:21:50,120 Speaker 1: if you have these non governmental NGOs, the World Economic 391 00:21:50,200 --> 00:21:52,960 Speaker 1: Forum and the I m F that are above governments, 392 00:21:53,880 --> 00:21:56,600 Speaker 1: how does the US fall into that so or or 393 00:21:56,640 --> 00:21:59,960 Speaker 1: each individual country? So it seems like the World Economic Forum, 394 00:22:00,040 --> 00:22:02,320 Speaker 1: and really it's like a takeover of the bankers where 395 00:22:02,359 --> 00:22:05,720 Speaker 1: the bankers want to own everything. But doesn't that usurp 396 00:22:06,000 --> 00:22:09,320 Speaker 1: the U S. So you talked about the US UM 397 00:22:09,400 --> 00:22:12,960 Speaker 1: extending money out in debting companies even more right, could 398 00:22:13,000 --> 00:22:15,399 Speaker 1: actually make they say they're giving them a lifeline, but 399 00:22:15,480 --> 00:22:18,000 Speaker 1: really it's making them even deeper in debt um. So 400 00:22:18,040 --> 00:22:20,320 Speaker 1: the U S takes it over. But does that eventually 401 00:22:20,400 --> 00:22:23,600 Speaker 1: get rolled up into the NGOs or how do you 402 00:22:23,640 --> 00:22:26,119 Speaker 1: see that plane out? I mean, I mean, yeah, I 403 00:22:26,119 --> 00:22:28,000 Speaker 1: think that's their game plan. I mean, I think that's 404 00:22:28,040 --> 00:22:31,479 Speaker 1: what they would see as ideal because they want as 405 00:22:31,560 --> 00:22:36,000 Speaker 1: much central power as possible, and that that's global central power, 406 00:22:36,119 --> 00:22:39,320 Speaker 1: not not just individual countries. And I think if it 407 00:22:39,359 --> 00:22:43,160 Speaker 1: were up to them, they would control everything and all 408 00:22:43,240 --> 00:22:48,440 Speaker 1: the countries would be basically like uh, like states, so 409 00:22:48,680 --> 00:22:51,720 Speaker 1: you know, like like the United States would be Georgia 410 00:22:52,359 --> 00:22:57,160 Speaker 1: or Florida, something like that. And I think that they 411 00:22:57,240 --> 00:23:01,760 Speaker 1: would manage, micromanage the entire globe. That's that's that's the 412 00:23:01,800 --> 00:23:04,360 Speaker 1: game plan. So they want the central bank digital currencies. 413 00:23:04,520 --> 00:23:07,520 Speaker 1: And you know, I found it interesting that a lot 414 00:23:07,560 --> 00:23:10,000 Speaker 1: of the people that push back on that, gal with 415 00:23:10,119 --> 00:23:13,719 Speaker 1: the I m F who did that little article on 416 00:23:13,800 --> 00:23:16,680 Speaker 1: Bretton Woods two point, I said, Oh, it's nothing, she's 417 00:23:16,680 --> 00:23:20,080 Speaker 1: not saying anything that's that crazy. You know, just look 418 00:23:20,080 --> 00:23:23,160 Speaker 1: at you know, there's nothing nefarious in there. But what 419 00:23:23,240 --> 00:23:26,679 Speaker 1: they don't do is is they don't take everything else 420 00:23:27,320 --> 00:23:31,119 Speaker 1: the World Economic Forum has written and combine it with 421 00:23:31,200 --> 00:23:34,640 Speaker 1: what she's saying. And if you combine everything that they've 422 00:23:34,640 --> 00:23:39,040 Speaker 1: talked about with the digital SDR and central bank digital 423 00:23:39,040 --> 00:23:42,600 Speaker 1: currencies and then look at what she's saying, you see 424 00:23:42,640 --> 00:23:46,680 Speaker 1: it through a completely different lens. So yeah, I mean, 425 00:23:46,720 --> 00:23:50,800 Speaker 1: I think they want the central banks themselves to have 426 00:23:50,880 --> 00:23:55,960 Speaker 1: digital currencies that's just data collection, and then they're going 427 00:23:56,000 --> 00:24:00,280 Speaker 1: to be the central bank of the world and they're 428 00:24:00,280 --> 00:24:03,920 Speaker 1: going to control everything, and all of the what are 429 00:24:03,960 --> 00:24:09,760 Speaker 1: now countries are just gonna be really under their under 430 00:24:09,800 --> 00:24:13,919 Speaker 1: their jurisdiction. And they meaning the global elites, the i 431 00:24:14,119 --> 00:24:17,400 Speaker 1: m F, the World Economic Forum, and these people that 432 00:24:17,800 --> 00:24:21,760 Speaker 1: have this uh for lack of a better term, of 433 00:24:21,840 --> 00:24:27,600 Speaker 1: a god complex, and they they think that, um. I mean, 434 00:24:27,640 --> 00:24:34,560 Speaker 1: if you look at Marks and understand his views on capitalism, 435 00:24:34,840 --> 00:24:39,200 Speaker 1: you you you understand that he understood that there was 436 00:24:39,240 --> 00:24:44,000 Speaker 1: a place for capitalism. He didn't see capitalism and Marxism 437 00:24:44,080 --> 00:24:49,240 Speaker 1: or communism as competing against one another. He said, he 438 00:24:49,320 --> 00:24:54,120 Speaker 1: saught as a transition. So you started with feudalism, and 439 00:24:54,160 --> 00:24:56,920 Speaker 1: even he admitted that you couldn't go from feudalism straight 440 00:24:56,920 --> 00:25:00,840 Speaker 1: to communism. It wouldn't work because you needed the entrepreneur 441 00:25:01,040 --> 00:25:04,919 Speaker 1: You needed the capitalists to come in and grow industry 442 00:25:04,960 --> 00:25:09,200 Speaker 1: and create this technology that under communism they just couldn't create. 443 00:25:09,960 --> 00:25:13,000 Speaker 1: And he said, once you got communism to a certain point, 444 00:25:13,160 --> 00:25:17,200 Speaker 1: then you have the revolution and so all of the 445 00:25:18,040 --> 00:25:21,560 Speaker 1: Marxist now, you know, you always use the example of China, 446 00:25:21,920 --> 00:25:25,760 Speaker 1: or use the example of of Russia, and it just 447 00:25:26,240 --> 00:25:29,399 Speaker 1: it bounces off them, just like water off a duck's back, 448 00:25:29,800 --> 00:25:33,040 Speaker 1: because they don't recognize as Russia as doing it the 449 00:25:33,119 --> 00:25:37,080 Speaker 1: right way. Because if you look at the Chinese documents 450 00:25:37,119 --> 00:25:39,840 Speaker 1: when Russia failed, you know, China sent him a lot 451 00:25:39,840 --> 00:25:42,840 Speaker 1: of their economists into Russia to figure out, okay, what 452 00:25:42,920 --> 00:25:46,240 Speaker 1: went wrong, and the conclusion they came to wasn't that 453 00:25:46,480 --> 00:25:49,679 Speaker 1: communist is their communism is a problem. The conclusion they 454 00:25:49,720 --> 00:25:53,600 Speaker 1: came to is that Russia tried to institute it prior 455 00:25:54,280 --> 00:25:57,720 Speaker 1: to something that they call late stage capitalism too soon. 456 00:25:58,240 --> 00:26:02,200 Speaker 1: That's right, too soon. So now I think these uh 457 00:26:02,280 --> 00:26:04,320 Speaker 1: I think they're like I said earlier, I think they're 458 00:26:04,320 --> 00:26:08,280 Speaker 1: all Marxist and they they see this uh as, we've 459 00:26:08,320 --> 00:26:11,720 Speaker 1: got to the end of capitalism. And if you look 460 00:26:11,800 --> 00:26:16,639 Speaker 1: and read at the World Economic Forum and mostly Klaus Schwab, 461 00:26:16,720 --> 00:26:19,840 Speaker 1: who's who's kind of their their head guy. He started 462 00:26:19,880 --> 00:26:22,960 Speaker 1: at nine one. You read a lot of his blog 463 00:26:23,000 --> 00:26:25,720 Speaker 1: post or a lot of his interviews, and he'll say 464 00:26:25,760 --> 00:26:31,560 Speaker 1: that we need to reimagine capitalism. That's it. Because he 465 00:26:31,600 --> 00:26:34,760 Speaker 1: knows he can't come right out and say we need communism, 466 00:26:34,800 --> 00:26:38,520 Speaker 1: so he's got to have some sort of transition terminology 467 00:26:38,760 --> 00:26:42,200 Speaker 1: we'll call it. So he said, you know, we need to, uh, 468 00:26:42,280 --> 00:26:46,600 Speaker 1: we need to move away from neoliberalism, which sounds kind 469 00:26:46,600 --> 00:26:48,919 Speaker 1: of like a bad word. Whenever you put neo in 470 00:26:48,960 --> 00:26:52,040 Speaker 1: front of anything, you know, Americans always think it's, oh, 471 00:26:52,080 --> 00:26:53,960 Speaker 1: it's some sort of has to do with Hitler or something. 472 00:26:54,080 --> 00:26:57,400 Speaker 1: But now if you look at what neoliberalism is, you say, well, 473 00:26:57,600 --> 00:27:00,080 Speaker 1: that's pretty darn good. That's exactly what I want. So 474 00:27:00,119 --> 00:27:01,960 Speaker 1: he's saying we need to move away from this, we 475 00:27:02,000 --> 00:27:06,960 Speaker 1: need to reimagine capitalism, or reimagining capitalism to him, is 476 00:27:07,000 --> 00:27:10,679 Speaker 1: just moving closer and closer to Marxism, because again, I 477 00:27:10,720 --> 00:27:15,000 Speaker 1: think he believes that this we're at late stage capitalism 478 00:27:15,000 --> 00:27:18,440 Speaker 1: where it can't continue on any further. And what they 479 00:27:18,520 --> 00:27:22,040 Speaker 1: believe is that once capitalism hits a certain point, then 480 00:27:22,080 --> 00:27:25,840 Speaker 1: it starts to feed on itself. And if you don't 481 00:27:25,880 --> 00:27:28,040 Speaker 1: come in with a revolution, if you don't come in 482 00:27:28,119 --> 00:27:31,720 Speaker 1: with a great reset, then you're gonna then capitalism is 483 00:27:31,720 --> 00:27:34,960 Speaker 1: going to destroy itself and take us right back to 484 00:27:35,000 --> 00:27:38,080 Speaker 1: where we started with an economy that looks a lot 485 00:27:38,080 --> 00:27:40,960 Speaker 1: more like feudalism, and so in the mind of the market. 486 00:27:41,000 --> 00:27:43,200 Speaker 1: So you see all these people out there, whether it's 487 00:27:43,240 --> 00:27:46,959 Speaker 1: Antifa or I don't, I don't. I don't want to 488 00:27:47,000 --> 00:27:49,520 Speaker 1: put thoughts in people's heads. But if you look at 489 00:27:49,520 --> 00:27:51,920 Speaker 1: what they're saying, the majority of them and the people 490 00:27:51,920 --> 00:27:53,800 Speaker 1: who are rioting, you look at what they're saying at 491 00:27:53,800 --> 00:27:56,199 Speaker 1: the World Economic Form and all these institutes we just 492 00:27:56,240 --> 00:28:00,679 Speaker 1: talked about, and it's it's just blatantly obvious. It's that 493 00:28:01,000 --> 00:28:04,400 Speaker 1: they they see the world right now is being in 494 00:28:04,440 --> 00:28:08,560 Speaker 1: this state of late stage capitalism, and if they don't 495 00:28:08,600 --> 00:28:13,160 Speaker 1: start a revolution right now, we are all doomed. That 496 00:28:13,160 --> 00:28:16,639 Speaker 1: that's how So that's how they justify going out and 497 00:28:16,720 --> 00:28:20,840 Speaker 1: using violence. That's how they justify all these things that 498 00:28:21,040 --> 00:28:24,679 Speaker 1: normal people look at on TV and say, what are 499 00:28:24,680 --> 00:28:28,400 Speaker 1: you doing? Like, like what are you thinking? That? That's 500 00:28:28,440 --> 00:28:31,520 Speaker 1: to them it makes complete sense. And to them it's 501 00:28:31,560 --> 00:28:35,119 Speaker 1: just all the other people around them that aren't rioting. 502 00:28:35,680 --> 00:28:38,360 Speaker 1: They're the people that don't get it, and they're the 503 00:28:38,360 --> 00:28:42,760 Speaker 1: people that haven't studied history. And and because a lot 504 00:28:42,800 --> 00:28:46,920 Speaker 1: of what Marx talked about is coming to fruition and 505 00:28:47,360 --> 00:28:50,160 Speaker 1: in their eyes right. See. The thing though, the thing 506 00:28:50,240 --> 00:28:53,280 Speaker 1: is that they blame it on capitalism, when actually it's 507 00:28:53,320 --> 00:28:57,680 Speaker 1: a lack of free market capitalism that's the problem. So 508 00:28:57,760 --> 00:29:01,680 Speaker 1: what let me be more specific here, so they'll see 509 00:29:01,760 --> 00:29:05,880 Speaker 1: something like all these asset bubbles. And Marx said that 510 00:29:05,960 --> 00:29:08,480 Speaker 1: in late stage capitals, and he never referred it to 511 00:29:08,520 --> 00:29:11,840 Speaker 1: that specifically, I don't think, but he kind of alluded 512 00:29:11,960 --> 00:29:14,480 Speaker 1: to this, and they kind of took on created that 513 00:29:14,640 --> 00:29:19,480 Speaker 1: that phrase. So in this um, in this stage, what 514 00:29:19,600 --> 00:29:23,960 Speaker 1: happens is the capitalists can't squeeze any more profit out 515 00:29:24,000 --> 00:29:28,640 Speaker 1: of their workers. And and so what the Marxists would say, now, 516 00:29:28,720 --> 00:29:33,720 Speaker 1: they say, look at a chart of productivity and look 517 00:29:33,760 --> 00:29:37,120 Speaker 1: at a chart of real wage gains. You'll see that 518 00:29:37,160 --> 00:29:40,000 Speaker 1: it's Flatwell, productivity is going up. They would use that 519 00:29:40,120 --> 00:29:43,360 Speaker 1: as an example of what's happening. The worker is getting 520 00:29:43,360 --> 00:29:46,240 Speaker 1: squeezed more and more and more and more by the 521 00:29:46,240 --> 00:29:51,320 Speaker 1: the corporation to extract profits. But the corporations do that 522 00:29:51,400 --> 00:29:54,280 Speaker 1: to a point where they can't go any further because 523 00:29:54,320 --> 00:29:57,560 Speaker 1: the workers don't have jobs. Therefore, the demand side of 524 00:29:57,600 --> 00:30:02,520 Speaker 1: the equation starts to crumble. So then the capitalists say, okay, well, 525 00:30:02,520 --> 00:30:04,320 Speaker 1: the only thing that we can do now, because we've 526 00:30:04,320 --> 00:30:06,680 Speaker 1: squeezed all the blood out of the turn up that 527 00:30:06,840 --> 00:30:09,480 Speaker 1: is the worker is, we have to take that and 528 00:30:09,600 --> 00:30:13,080 Speaker 1: go into the and buy assets. So that's what creates 529 00:30:13,120 --> 00:30:17,760 Speaker 1: this boom bus cycle. In their minds, I'm just using 530 00:30:17,800 --> 00:30:20,400 Speaker 1: their horse. It's not I'm not saying that when when 531 00:30:20,440 --> 00:30:22,160 Speaker 1: you or I would look at it and say, what 532 00:30:22,160 --> 00:30:24,560 Speaker 1: are you talking about? That's not what's creating the boom 533 00:30:24,560 --> 00:30:27,080 Speaker 1: bust cycle. The boom bust cycle is created by the 534 00:30:27,080 --> 00:30:31,640 Speaker 1: FED coming in and dropping interest rates artificially low. And 535 00:30:31,680 --> 00:30:34,680 Speaker 1: they would argue, no, no, no, but that's capitalism because 536 00:30:34,800 --> 00:30:38,880 Speaker 1: the definition of capitalism is basically private property, and the FED, 537 00:30:39,560 --> 00:30:42,520 Speaker 1: as mark as you would admit, is owned by the banks. 538 00:30:43,240 --> 00:30:47,640 Speaker 1: Therefore it's private property. Therefore the FED is capitalism. The 539 00:30:47,720 --> 00:30:50,160 Speaker 1: FED is the definition of capitalism, and the FED is 540 00:30:50,200 --> 00:30:54,320 Speaker 1: coming in and bailing out all the other capitalists. Right. 541 00:30:54,360 --> 00:30:57,800 Speaker 1: So that's why, in my opinion, I really think we 542 00:30:57,880 --> 00:31:03,000 Speaker 1: need to start using the term free market capitalism, because 543 00:31:03,080 --> 00:31:06,000 Speaker 1: you can have capitalism without a free market. Yeah, and 544 00:31:06,040 --> 00:31:07,600 Speaker 1: I think we should just abandon that word, all the 545 00:31:07,720 --> 00:31:10,600 Speaker 1: capitalism word altogether and just say free free market now 546 00:31:10,680 --> 00:31:13,800 Speaker 1: because you have socialism with the free market. How that 547 00:31:14,040 --> 00:31:16,720 Speaker 1: socialism is a control of economy and isn't it's no know, 548 00:31:16,920 --> 00:31:20,760 Speaker 1: it's it's it's it's just where the means of production 549 00:31:20,880 --> 00:31:24,600 Speaker 1: is owned by the individual workers, you see. So you 550 00:31:24,640 --> 00:31:28,040 Speaker 1: can have a type of free market. So you've got 551 00:31:28,040 --> 00:31:31,040 Speaker 1: to have the government out of the way. You've got 552 00:31:31,080 --> 00:31:34,560 Speaker 1: to have all of these distortions that are created by 553 00:31:34,760 --> 00:31:37,560 Speaker 1: the Fed and these central planners. You've got to get 554 00:31:37,600 --> 00:31:39,640 Speaker 1: that out. You've got to have a free market where 555 00:31:39,640 --> 00:31:43,680 Speaker 1: people are able to profit. But maybe even more importantly, 556 00:31:44,160 --> 00:31:47,720 Speaker 1: people in businesses are able to go out of business. 557 00:31:48,200 --> 00:31:51,040 Speaker 1: They're able to take a loss in addition to the profit. 558 00:31:51,120 --> 00:31:53,400 Speaker 1: So what we've done now is we've tried to eliminate 559 00:31:53,800 --> 00:31:56,840 Speaker 1: all of the loss and prop things up, and we 560 00:31:56,880 --> 00:32:00,000 Speaker 1: don't have the creative destruction. We don't have shooting or 561 00:32:00,200 --> 00:32:03,960 Speaker 1: law taking effect. So my my point there is we've 562 00:32:04,000 --> 00:32:07,440 Speaker 1: got to have not just capitals of private property, but 563 00:32:07,520 --> 00:32:10,800 Speaker 1: we have to have a free market. We're allowing people 564 00:32:10,800 --> 00:32:16,080 Speaker 1: to profit, were allowing people to fail. They have to Yeah, 565 00:32:16,400 --> 00:32:20,840 Speaker 1: um so um yeah. That is definitely the bigger picture 566 00:32:20,840 --> 00:32:23,480 Speaker 1: of what's happening. But it seems like right in front 567 00:32:23,480 --> 00:32:27,080 Speaker 1: of us, as you kind of alluded to in the beginning. Um, 568 00:32:27,120 --> 00:32:30,560 Speaker 1: the crushing of the economy, the saddling of more debt 569 00:32:31,160 --> 00:32:33,920 Speaker 1: um leads to this eventual takeover. And and and this 570 00:32:34,080 --> 00:32:36,560 Speaker 1: was again taking them at their word. This is what 571 00:32:36,600 --> 00:32:39,640 Speaker 1: the I M. F. Brenton Woods two moments said. I 572 00:32:39,680 --> 00:32:43,120 Speaker 1: forget what her name was, Katerina, maybe it was Um, 573 00:32:43,160 --> 00:32:46,840 Speaker 1: but she said that the She said that the pandemic 574 00:32:47,480 --> 00:32:50,200 Speaker 1: has caused I think a five percent dropping GDP. About 575 00:32:50,240 --> 00:32:52,720 Speaker 1: fifteen trillion dollars has been sucked out of the economy. 576 00:32:52,960 --> 00:32:56,080 Speaker 1: There's about twenty six countries that are broken. They're extending 577 00:32:56,160 --> 00:33:00,880 Speaker 1: loans to them, and they're doing this like special own forgiveness. 578 00:33:01,280 --> 00:33:05,160 Speaker 1: So they've purposely put these companies Potentially depend on how 579 00:33:05,200 --> 00:33:08,040 Speaker 1: you view this, but they could potentially have been crushing 580 00:33:08,080 --> 00:33:10,680 Speaker 1: these economies, forcing them to take on money as you 581 00:33:10,720 --> 00:33:14,120 Speaker 1: suggest to then give them these these strings. And now 582 00:33:14,160 --> 00:33:17,680 Speaker 1: we've seen in Canada they said that, Um, the next 583 00:33:17,760 --> 00:33:19,760 Speaker 1: round of like loans are gonna start doing for businesses 584 00:33:19,800 --> 00:33:23,320 Speaker 1: they want equity, right, So we're seeing this start to 585 00:33:23,320 --> 00:33:27,160 Speaker 1: play out. UM. I guess my question is how are 586 00:33:27,200 --> 00:33:30,360 Speaker 1: you thinking about this? Because Um, you're kind of a 587 00:33:30,360 --> 00:33:32,640 Speaker 1: global citizen if you will, right, you live kind of 588 00:33:32,680 --> 00:33:35,560 Speaker 1: all over the world. UM, we won't disclose where you're 589 00:33:35,560 --> 00:33:38,320 Speaker 1: at right now, but you're you're all over the world, 590 00:33:38,360 --> 00:33:40,320 Speaker 1: and uh, I know this is something that you're looking at. 591 00:33:40,400 --> 00:33:43,240 Speaker 1: So if you see and if you're taking the World 592 00:33:43,240 --> 00:33:47,120 Speaker 1: Economic Forum at their word, UM, you see that there's 593 00:33:47,160 --> 00:33:49,320 Speaker 1: going to be this takeover where they're gonna try to 594 00:33:49,920 --> 00:33:52,840 Speaker 1: by May, over the next ten years try to complete this. 595 00:33:53,440 --> 00:33:58,000 Speaker 1: How does somebody think about this, UM to mitigate against that? 596 00:33:58,080 --> 00:34:00,760 Speaker 1: I mean, is it UM trying to get out of 597 00:34:00,760 --> 00:34:02,800 Speaker 1: the financial system so they can't do it? Is it 598 00:34:03,160 --> 00:34:06,560 Speaker 1: moving to other countries? How do you view that? Yeah? Well, 599 00:34:06,600 --> 00:34:09,279 Speaker 1: first I'd like to point out, let's try to find 600 00:34:09,320 --> 00:34:13,960 Speaker 1: a country that has grown to prosperity through the help 601 00:34:14,000 --> 00:34:17,280 Speaker 1: of the I m F. That's a that's an easy 602 00:34:17,320 --> 00:34:22,360 Speaker 1: search because you don't find any exactly exactly. It's the same. 603 00:34:22,440 --> 00:34:25,160 Speaker 1: It's the same thing by trying to take a specific 604 00:34:26,040 --> 00:34:30,759 Speaker 1: group of the society or any population around the world 605 00:34:30,800 --> 00:34:36,640 Speaker 1: and ask, you know, who's come to affluence through welfare? Right? None? None, 606 00:34:36,960 --> 00:34:38,680 Speaker 1: It just it doesn't work that way. But back to 607 00:34:38,680 --> 00:34:43,160 Speaker 1: your your main question there, I think obviously you've got 608 00:34:43,200 --> 00:34:45,399 Speaker 1: to try to get out of the system and own 609 00:34:45,440 --> 00:34:48,960 Speaker 1: an asset that doesn't have any counter party risk, so 610 00:34:49,160 --> 00:34:52,319 Speaker 1: that would be precious metals, that would be bitcoin. But 611 00:34:53,080 --> 00:34:56,200 Speaker 1: that's not a panacea. And I think right now people 612 00:34:56,200 --> 00:35:00,080 Speaker 1: are making the mistake of thinking it is. Whenever I 613 00:35:00,080 --> 00:35:05,320 Speaker 1: I talk about this stuff on Twitter, you know, without 614 00:35:05,320 --> 00:35:09,400 Speaker 1: a doubt, the Twitter feed will be full of people saying, oh, 615 00:35:09,560 --> 00:35:14,279 Speaker 1: just by bitcoin, Oh, just by you know ethereum? Oh 616 00:35:14,360 --> 00:35:17,960 Speaker 1: does buy gold? Does buy gold? Problem solved by bitcoin? 617 00:35:18,000 --> 00:35:21,239 Speaker 1: It solves this problem that you know, everything that I'm 618 00:35:21,280 --> 00:35:26,680 Speaker 1: talking about. They feel as though bitcoin solves no, no, no, no, no. 619 00:35:27,080 --> 00:35:30,960 Speaker 1: Bitcoin does not solve this problem because you've got to 620 00:35:30,960 --> 00:35:33,400 Speaker 1: think about it this way. If you were trapped in 621 00:35:33,480 --> 00:35:36,319 Speaker 1: Venezuela right now and you on bitcoin, how great would 622 00:35:36,320 --> 00:35:40,640 Speaker 1: your life be it? You might have some you might 623 00:35:40,680 --> 00:35:43,400 Speaker 1: have kept your purchasing power because you've got bitcoin. It 624 00:35:43,480 --> 00:35:46,799 Speaker 1: might have increased, but what can you buy, right You're 625 00:35:46,800 --> 00:35:50,319 Speaker 1: still living in hell? That's right, that's right? Or take 626 00:35:50,320 --> 00:35:53,399 Speaker 1: it to an extreme. The example that shift always uses 627 00:35:54,000 --> 00:35:57,080 Speaker 1: that if you were deserted on an island and you 628 00:35:57,120 --> 00:36:01,120 Speaker 1: had a treasure chest full of gold, but you had 629 00:36:01,160 --> 00:36:05,200 Speaker 1: two coco nuts and some sand and saltwater. How how 630 00:36:05,320 --> 00:36:08,600 Speaker 1: rich would you be? The gold didn't solve that problem. 631 00:36:08,719 --> 00:36:11,400 Speaker 1: Bitcoin didn't solve that problem. So at the end of 632 00:36:11,480 --> 00:36:16,320 Speaker 1: the day, it's still revolves around goods and services. That's 633 00:36:16,360 --> 00:36:19,800 Speaker 1: the wealth of the economy. The wealth of the economy 634 00:36:19,880 --> 00:36:22,359 Speaker 1: is not gold. The wealth of the economy is not 635 00:36:22,719 --> 00:36:26,040 Speaker 1: a green piece of paper or even a bitcoin. The 636 00:36:26,080 --> 00:36:29,120 Speaker 1: wealth of the economy is the goods and services that 637 00:36:29,200 --> 00:36:32,279 Speaker 1: it can create. So my point is, it's great to 638 00:36:32,280 --> 00:36:35,000 Speaker 1: have bitcoin, great to have gold and silver, but you 639 00:36:35,120 --> 00:36:39,400 Speaker 1: also have to have a pass sport, for heaven's sakes. 640 00:36:39,880 --> 00:36:42,480 Speaker 1: And if you do have a passport, then get to 641 00:36:43,880 --> 00:36:47,399 Speaker 1: because we saw back in in March and April that 642 00:36:47,400 --> 00:36:50,840 Speaker 1: that US passport didn't do you much good. And I 643 00:36:50,920 --> 00:36:53,400 Speaker 1: know that for a fact because I was trying to 644 00:36:53,440 --> 00:36:57,399 Speaker 1: travel around from Florida and get to the US Virgin Islands, 645 00:36:57,440 --> 00:36:59,680 Speaker 1: Puerto Rico, St. Barts and trying to get to a 646 00:36:59,719 --> 00:37:04,200 Speaker 1: play where I had more personal freedom and try to 647 00:37:04,800 --> 00:37:07,759 Speaker 1: just get out of the insanity that was going on 648 00:37:07,960 --> 00:37:11,080 Speaker 1: around me in the world. And there are a lot 649 00:37:11,080 --> 00:37:14,279 Speaker 1: of places I could not go because I they just 650 00:37:14,440 --> 00:37:18,799 Speaker 1: flat out rejected a US passport. So I think first 651 00:37:18,840 --> 00:37:20,640 Speaker 1: and foremost, you have to have one. And you know 652 00:37:20,640 --> 00:37:25,839 Speaker 1: what's the stat like probably of Americans actually have passports, 653 00:37:25,840 --> 00:37:28,520 Speaker 1: So get one first and foremost, and then when you 654 00:37:28,560 --> 00:37:31,920 Speaker 1: do think about getting a second one, to make sure 655 00:37:32,280 --> 00:37:35,839 Speaker 1: that you've got a plan. B. There there's no downside 656 00:37:36,200 --> 00:37:39,960 Speaker 1: to having your passport. Yeah, I think that's something people 657 00:37:40,000 --> 00:37:41,799 Speaker 1: really are point. I mean, getting the passport right now 658 00:37:41,800 --> 00:37:43,920 Speaker 1: and the U S could take six eight months at least. 659 00:37:44,280 --> 00:37:47,759 Speaker 1: So someone was telling me about that the other day. Yeah, 660 00:37:47,800 --> 00:37:50,919 Speaker 1: I can't believe that. And a lot of people say, well, 661 00:37:51,719 --> 00:37:54,239 Speaker 1: I've got no problems because I live in Wyoming, or 662 00:37:54,320 --> 00:37:56,360 Speaker 1: I don't worry about it. I'm I want to be 663 00:37:56,440 --> 00:37:59,960 Speaker 1: a patriot and stay here and fight because if there's 664 00:38:00,000 --> 00:38:02,080 Speaker 1: so what if this goes down with the World Economic 665 00:38:02,160 --> 00:38:04,520 Speaker 1: Forum or what you're saying, you know, Mark Moss and 666 00:38:04,520 --> 00:38:07,319 Speaker 1: George Gammon, then this is they're going to control the 667 00:38:07,520 --> 00:38:11,480 Speaker 1: entire world. So I'd rather be in South Dakota right 668 00:38:11,520 --> 00:38:17,000 Speaker 1: here with my guns and my First Amendment rights that Okay, 669 00:38:18,200 --> 00:38:20,160 Speaker 1: I don't know how much of those rights you still have, 670 00:38:20,440 --> 00:38:24,520 Speaker 1: but uh my My point is I don't think this 671 00:38:24,600 --> 00:38:27,080 Speaker 1: is a global thing and this is the good news. 672 00:38:27,440 --> 00:38:30,640 Speaker 1: So everything I've been talking about some crazy stuff, but 673 00:38:31,280 --> 00:38:33,840 Speaker 1: I think the I don't know if it's a silver 674 00:38:33,960 --> 00:38:36,200 Speaker 1: lining is the right word, but I think the good 675 00:38:36,200 --> 00:38:38,840 Speaker 1: news is there are a lot of countries in the 676 00:38:38,880 --> 00:38:43,879 Speaker 1: world today where this agenda that they've outlined just would 677 00:38:43,920 --> 00:38:47,759 Speaker 1: not go over and it just it's it's it's anothetical 678 00:38:48,239 --> 00:38:51,839 Speaker 1: to the success of their economy. So one of their 679 00:38:51,840 --> 00:38:55,760 Speaker 1: big pushes is with green energy. And I'm not saying 680 00:38:55,760 --> 00:38:57,959 Speaker 1: that's good or bad, but this is one of their 681 00:38:58,040 --> 00:39:01,120 Speaker 1: their pushes. So you have to look at countries who 682 00:39:01,160 --> 00:39:04,520 Speaker 1: would not benefit from that. So let's say Saudi Arabia 683 00:39:05,640 --> 00:39:08,640 Speaker 1: or let's say even Colombia something like that, they would 684 00:39:08,680 --> 00:39:11,480 Speaker 1: not benefit from that at all, that that would be 685 00:39:11,520 --> 00:39:13,960 Speaker 1: bad for their economy. So they're gonna be more likely 686 00:39:14,280 --> 00:39:18,600 Speaker 1: to really push against this World Economic Forum just simply 687 00:39:18,600 --> 00:39:21,560 Speaker 1: tell them to pound sand and you know, I m F. 688 00:39:21,680 --> 00:39:24,799 Speaker 1: You can have whatever money you want, We're not going 689 00:39:24,840 --> 00:39:27,680 Speaker 1: to play your game. Another thing too, when you look 690 00:39:27,800 --> 00:39:33,640 Speaker 1: at digital currencies, it's very easy for Americans to accept 691 00:39:33,680 --> 00:39:36,719 Speaker 1: that as being part of the future. It makes a 692 00:39:36,760 --> 00:39:39,960 Speaker 1: lot of sense, especially in Europe or Japan or many 693 00:39:39,960 --> 00:39:44,800 Speaker 1: places in Asia, because we really don't use dollar bills 694 00:39:44,840 --> 00:39:49,640 Speaker 1: that often, But places like Colombia and Ecuador, I mean 695 00:39:50,760 --> 00:39:53,759 Speaker 1: of the transactions are in cash. There's places that you 696 00:39:53,800 --> 00:39:56,640 Speaker 1: can do, the really nice areas of town where if 697 00:39:56,640 --> 00:40:00,160 Speaker 1: you go in there with a credit card, those no, 698 00:40:01,160 --> 00:40:04,200 Speaker 1: that's not gonna fly. You gotta have cash, so wherever 699 00:40:04,320 --> 00:40:06,440 Speaker 1: you go, just if you said you always got to 700 00:40:06,520 --> 00:40:08,400 Speaker 1: have cash on you. And then once you get to 701 00:40:08,440 --> 00:40:13,000 Speaker 1: the outskirts of town, I mean, how many people even 702 00:40:13,040 --> 00:40:16,680 Speaker 1: have a bank account? I'd say, I mean, I've been there, 703 00:40:16,719 --> 00:40:18,799 Speaker 1: I've lived there, I've spent a lot of time, not 704 00:40:18,840 --> 00:40:22,040 Speaker 1: only in Colombia but over forty countries in the world, 705 00:40:22,440 --> 00:40:26,560 Speaker 1: and just right there in Medain. Once you get to 706 00:40:26,920 --> 00:40:31,560 Speaker 1: the outskirts, I'll bet you of those people do not 707 00:40:31,760 --> 00:40:34,879 Speaker 1: have bank accounts. They do not have them. So how 708 00:40:34,920 --> 00:40:37,880 Speaker 1: on earth are you gonna ban cash in a place 709 00:40:37,960 --> 00:40:39,640 Speaker 1: like that? How are you gonna go to a central 710 00:40:39,640 --> 00:40:42,279 Speaker 1: bank digital currency? In India, they just made the what 711 00:40:42,320 --> 00:40:44,960 Speaker 1: five D ruby notes and hundred ruby notes just legal 712 00:40:45,239 --> 00:40:48,759 Speaker 1: like you have whatever tournament and they're illegal, So it 713 00:40:48,840 --> 00:40:51,920 Speaker 1: can happen. But I do understand what you're saying. Um, 714 00:40:52,280 --> 00:40:56,120 Speaker 1: it's gonna take a long, much longer time to go 715 00:40:56,320 --> 00:40:59,759 Speaker 1: to everyone having account with the central bank and and 716 00:41:00,040 --> 00:41:02,560 Speaker 1: an in cash in a place in one of the 717 00:41:02,600 --> 00:41:06,320 Speaker 1: in the developed economy, then it's then it would in 718 00:41:07,080 --> 00:41:11,440 Speaker 1: a more developed Western economy like the United States, Japan, Europe, 719 00:41:11,480 --> 00:41:13,880 Speaker 1: something like that. So my point is you've got to 720 00:41:13,920 --> 00:41:17,640 Speaker 1: look around the world and say, okay, where number one, 721 00:41:18,080 --> 00:41:20,759 Speaker 1: where are they going to push against this, and where 722 00:41:20,800 --> 00:41:23,719 Speaker 1: is it probably not gonna fly? And then what areas 723 00:41:24,040 --> 00:41:27,880 Speaker 1: would it be almost impossible right now to roll out 724 00:41:28,160 --> 00:41:31,239 Speaker 1: this type of plan, And maybe that's somewhere where you 725 00:41:31,280 --> 00:41:33,319 Speaker 1: want to spend a little bit more time, or at 726 00:41:33,360 --> 00:41:36,319 Speaker 1: least maybe those areas are places where you might want 727 00:41:36,320 --> 00:41:41,520 Speaker 1: to put some of your portfolio to hedge against currency 728 00:41:41,560 --> 00:41:44,480 Speaker 1: and political risk. Yeah, and then I also think about 729 00:41:44,800 --> 00:41:47,959 Speaker 1: some of the Eastern European countries that are recently out 730 00:41:47,960 --> 00:41:51,239 Speaker 1: of socialism and communism. Maybe they're not going to be 731 00:41:51,280 --> 00:41:53,960 Speaker 1: eager to go back into it either. Um, So then 732 00:41:54,000 --> 00:41:55,799 Speaker 1: you have those kinds of countries. And then also if 733 00:41:55,840 --> 00:41:59,680 Speaker 1: you look at the World Economic Plan, they're imagining this 734 00:42:00,040 --> 00:42:02,719 Speaker 1: fair distribution, and really what they want to do is 735 00:42:02,800 --> 00:42:05,360 Speaker 1: knock down the big players, right, so instead of bringing 736 00:42:05,360 --> 00:42:07,839 Speaker 1: everybody up, they just bring the US down. So then 737 00:42:07,880 --> 00:42:09,880 Speaker 1: you can understand that the US is going to be 738 00:42:09,920 --> 00:42:14,080 Speaker 1: adversely affected where other countries might be minimally if not 739 00:42:14,120 --> 00:42:16,480 Speaker 1: even at all affected because of them trying to kind 740 00:42:16,480 --> 00:42:18,879 Speaker 1: of redistribute. So you have that as well. So I'm 741 00:42:18,920 --> 00:42:22,000 Speaker 1: definitely agreeing with you on the Plan B passport thing. 742 00:42:22,239 --> 00:42:24,479 Speaker 1: As a matter of fact, I'm working on a set 743 00:42:24,520 --> 00:42:26,400 Speaker 1: for my family right now that hopefully we'll have in 744 00:42:26,480 --> 00:42:29,319 Speaker 1: place before the end of the year, um, just to 745 00:42:29,360 --> 00:42:33,319 Speaker 1: have that backup. So yeah, and it's also a moving target. Mark. 746 00:42:33,560 --> 00:42:37,440 Speaker 1: I think I've I can easily or I'm an easier 747 00:42:37,440 --> 00:42:40,359 Speaker 1: wife getting my head around this type of lifestyle. But 748 00:42:41,000 --> 00:42:42,919 Speaker 1: so many people that I talked to, you know, I'll 749 00:42:42,960 --> 00:42:45,799 Speaker 1: mentioned Puerto Rico, I'll mention Eastern Europe to your point, 750 00:42:46,239 --> 00:42:49,480 Speaker 1: and they'll give a laundry list as to well, what 751 00:42:49,520 --> 00:42:51,640 Speaker 1: if this happens, Well, what if this happens? What if 752 00:42:51,680 --> 00:42:56,359 Speaker 1: this happens? And it's the it's weird that that for 753 00:42:56,400 --> 00:43:02,279 Speaker 1: some reason, Americans especially have this thing kind of they've 754 00:43:02,280 --> 00:43:05,759 Speaker 1: been brainwashed or they have this idea that if I 755 00:43:05,880 --> 00:43:08,799 Speaker 1: go to X y Z country, I can never leave. 756 00:43:10,040 --> 00:43:12,280 Speaker 1: I'm there and I'm there for the rest of my life. 757 00:43:12,360 --> 00:43:15,759 Speaker 1: Just that's the decision I've made and I'm here now. No, 758 00:43:16,480 --> 00:43:20,120 Speaker 1: if you go somewhere and you don't like it, go 759 00:43:20,280 --> 00:43:23,719 Speaker 1: somewhere else. The moving target for him AND's sake, You're 760 00:43:23,760 --> 00:43:27,520 Speaker 1: not a vegetable, You're not a treat And I don't understand. 761 00:43:27,640 --> 00:43:29,799 Speaker 1: And a lot of people and it seems kind of 762 00:43:29,840 --> 00:43:31,920 Speaker 1: silly to say it, but if you go through Twitter, 763 00:43:31,960 --> 00:43:34,400 Speaker 1: if you go through the comments of my YouTube videos, 764 00:43:34,440 --> 00:43:36,240 Speaker 1: I'm sure you get this all the time as well, 765 00:43:36,680 --> 00:43:39,840 Speaker 1: that you see people have this mindset for some reason, 766 00:43:40,200 --> 00:43:42,440 Speaker 1: and it's it's bizarre to me, and I think they 767 00:43:42,480 --> 00:43:44,440 Speaker 1: would be better off if they just kind of opened 768 00:43:44,440 --> 00:43:46,759 Speaker 1: their eyes and said, well, wait a minute. If I 769 00:43:46,800 --> 00:43:49,359 Speaker 1: like X y Z country right now, and I go 770 00:43:49,480 --> 00:43:51,279 Speaker 1: there for a year or two and they start doing 771 00:43:51,280 --> 00:43:55,000 Speaker 1: stupid stuff, well then I'll move and I'll go somewhere 772 00:43:55,280 --> 00:43:57,600 Speaker 1: where I think I'm gonna be treated better. Yeah. Well 773 00:43:57,600 --> 00:44:01,040 Speaker 1: two points to that. First off, all this is hypothetical 774 00:44:01,120 --> 00:44:03,320 Speaker 1: right now, right, so it is a moving target. We 775 00:44:03,400 --> 00:44:04,799 Speaker 1: kind of have to wait and see and then we 776 00:44:04,840 --> 00:44:07,080 Speaker 1: need to be able to move and react. So we 777 00:44:07,120 --> 00:44:09,799 Speaker 1: don't know, and it's it's an evolving situation. But the 778 00:44:09,840 --> 00:44:13,000 Speaker 1: other thing I've traveled a lot. You've traveled even more 779 00:44:13,000 --> 00:44:15,520 Speaker 1: than me, and I think you'll probably agree that when 780 00:44:15,560 --> 00:44:18,440 Speaker 1: you travel the world, it seems like everybody's traveling. But Americans, 781 00:44:18,840 --> 00:44:21,000 Speaker 1: like Americans, don't travel that I think you just said 782 00:44:21,040 --> 00:44:25,040 Speaker 1: like past Americans have, Americans have passports even so, um, 783 00:44:25,080 --> 00:44:27,000 Speaker 1: other countries, they seem to move around a lot. They 784 00:44:27,040 --> 00:44:29,839 Speaker 1: kind of have that free attitude where US people don't. Um, 785 00:44:29,840 --> 00:44:32,080 Speaker 1: and so there is that mind shift to to kind 786 00:44:32,080 --> 00:44:35,279 Speaker 1: of get over there. Um. I'm curious. So you have 787 00:44:35,360 --> 00:44:37,480 Speaker 1: the passports, and that gives you options. And that's one 788 00:44:37,480 --> 00:44:40,120 Speaker 1: reason why I tell people we focus on money not 789 00:44:40,160 --> 00:44:44,120 Speaker 1: to just accumulate and stack it, so we can have options. Um, 790 00:44:44,200 --> 00:44:46,520 Speaker 1: and so we can buy passports. I'm working on that. 791 00:44:46,560 --> 00:44:50,200 Speaker 1: It's not cheap. I'm like, should I buy two more 792 00:44:50,280 --> 00:44:55,520 Speaker 1: duplexes cash or should I buy passports? Like dang, I'd 793 00:44:55,600 --> 00:44:58,560 Speaker 1: rather buy a couple more duplexes, But I don't know 794 00:44:58,560 --> 00:45:00,719 Speaker 1: if I want to spend that money on on on passports. 795 00:45:00,719 --> 00:45:02,960 Speaker 1: But I think I'm gonna need it. I think so 796 00:45:02,960 --> 00:45:04,719 Speaker 1: I'm gonna do that. But then that brings me to 797 00:45:04,760 --> 00:45:06,640 Speaker 1: my next question, which I'm curious how you think about this. 798 00:45:06,680 --> 00:45:11,319 Speaker 1: We're both real estate investors, Um, how do you look 799 00:45:11,360 --> 00:45:14,200 Speaker 1: at leaving all your real estate in in in one country, 800 00:45:14,239 --> 00:45:18,239 Speaker 1: the United States particularly, Um, not really worried about that. 801 00:45:18,360 --> 00:45:20,839 Speaker 1: I mean still established. I know you established real estate 802 00:45:20,880 --> 00:45:22,279 Speaker 1: in other countries as well. So she's just kind of 803 00:45:22,320 --> 00:45:25,600 Speaker 1: diversifying that risk. Yeah. I think you've got to diversify 804 00:45:25,680 --> 00:45:27,520 Speaker 1: because we don't know what's going to happen. Everything that 805 00:45:27,560 --> 00:45:32,759 Speaker 1: we're talking about is is just it's not a certainty. 806 00:45:33,080 --> 00:45:36,239 Speaker 1: It's just there's there's probabilities. And you and I can 807 00:45:36,280 --> 00:45:40,120 Speaker 1: go through and and dig into the data and do 808 00:45:40,200 --> 00:45:42,680 Speaker 1: the research, and we can try to connect the dots 809 00:45:42,719 --> 00:45:45,160 Speaker 1: for people, and we can try to put the pieces 810 00:45:45,200 --> 00:45:48,200 Speaker 1: of the puzzle together, but none of us have a 811 00:45:48,200 --> 00:45:53,040 Speaker 1: crystal ball. And hopefully people can come to the probabilities 812 00:45:53,160 --> 00:45:56,439 Speaker 1: on their own and decide, Okay, I give this an 813 00:45:56,480 --> 00:45:59,560 Speaker 1: ex chance of happening, you know, whether it's a great 814 00:45:59,600 --> 00:46:04,000 Speaker 1: reset or a digital dollar or anything like that. So 815 00:46:04,840 --> 00:46:07,960 Speaker 1: who knows. The United States could be the best economy 816 00:46:08,120 --> 00:46:13,839 Speaker 1: for the next hundred years. But I think the probabilities 817 00:46:13,840 --> 00:46:17,239 Speaker 1: are rather below but it is a possibility for sure. 818 00:46:17,280 --> 00:46:21,520 Speaker 1: It's about a one percent. So I have some dollar 819 00:46:21,600 --> 00:46:24,800 Speaker 1: denominated assets, but to be honestly, I mean, I'm selling 820 00:46:24,800 --> 00:46:27,240 Speaker 1: my my US real estate, and the reason I'm selling 821 00:46:27,280 --> 00:46:32,319 Speaker 1: it isn't necessarily a political risk thing, but it's more 822 00:46:32,400 --> 00:46:35,960 Speaker 1: so it's expensive, and it's my philosophy. I just try 823 00:46:36,000 --> 00:46:38,040 Speaker 1: to keep it real simple, because I just buy things 824 00:46:38,040 --> 00:46:40,360 Speaker 1: when they're cheap, I sell them when they're expensive. I 825 00:46:40,400 --> 00:46:42,760 Speaker 1: bought the majority of my US real estate two thousand 826 00:46:42,800 --> 00:46:46,600 Speaker 1: twelve when it was very very cheap, and since two 827 00:46:46,640 --> 00:46:50,799 Speaker 1: thousand eighteen it's it's what I would consider expensive. So 828 00:46:50,960 --> 00:46:54,000 Speaker 1: I'm just gradually selling selling. I've got a few properties left, 829 00:46:54,040 --> 00:46:58,000 Speaker 1: and I told my property manager that when my tenants 830 00:46:58,040 --> 00:47:01,759 Speaker 1: are done with their least we're done, put them on 831 00:47:01,800 --> 00:47:05,200 Speaker 1: the market because I'm gonna take that equity and move 832 00:47:05,239 --> 00:47:08,319 Speaker 1: it somewhere. It could be dollar de nominated, but move 833 00:47:08,320 --> 00:47:11,480 Speaker 1: it somewhere where I think is cheap right now. So 834 00:47:11,520 --> 00:47:13,440 Speaker 1: there's you know, commodities I think are cheap, with a 835 00:47:13,480 --> 00:47:14,840 Speaker 1: lot of things you can buy that pay you to 836 00:47:14,880 --> 00:47:18,240 Speaker 1: own them, just like a rental property that aren't at 837 00:47:18,280 --> 00:47:22,600 Speaker 1: all time highs and are quite frankly, very very low 838 00:47:23,120 --> 00:47:27,960 Speaker 1: relative to other asset prices and SMP five hundred. Yeah. 839 00:47:28,520 --> 00:47:31,960 Speaker 1: Uh one more topic. I want to dive into. UM. 840 00:47:32,000 --> 00:47:34,799 Speaker 1: You know, I'm the bitcoin guy. I've been talking about 841 00:47:34,800 --> 00:47:38,040 Speaker 1: bitcoin for five years now. I know you weren't necessarily 842 00:47:38,040 --> 00:47:40,839 Speaker 1: I know you've definitely gotten more into it. UM. I'm 843 00:47:40,880 --> 00:47:44,160 Speaker 1: curious where you're thinking about it today in regards to 844 00:47:44,239 --> 00:47:48,880 Speaker 1: this conversation that we're having, particularly and UM having that 845 00:47:48,920 --> 00:47:51,000 Speaker 1: plan B and being able to move around. We don't 846 00:47:51,040 --> 00:47:53,120 Speaker 1: know where we're going. Maybe, as you said, we're not trees. 847 00:47:53,160 --> 00:47:55,800 Speaker 1: We might be moving around several places. And it seems 848 00:47:55,840 --> 00:47:58,640 Speaker 1: like there's been a massive shift in the world that 849 00:47:58,800 --> 00:48:01,319 Speaker 1: just happened. And so growing up, I had friends who's 850 00:48:01,360 --> 00:48:04,040 Speaker 1: moved from Iran, or Afghanistan or South Africa. So my 851 00:48:04,040 --> 00:48:06,200 Speaker 1: best friends moved from South Africa. When they came, they 852 00:48:06,200 --> 00:48:09,400 Speaker 1: had to come penniless. They left an oppressive regime to 853 00:48:09,480 --> 00:48:11,640 Speaker 1: move to a free area. But they couldn't take their 854 00:48:11,640 --> 00:48:13,359 Speaker 1: money out of the bank, they couldn't bring the real estate, 855 00:48:13,400 --> 00:48:17,160 Speaker 1: they couldn't bring their goal. They came broke. And a 856 00:48:17,239 --> 00:48:20,479 Speaker 1: country can own you when they can control your money, right, 857 00:48:20,840 --> 00:48:24,600 Speaker 1: But bitcoin changes that all of a sudden. Now I 858 00:48:24,640 --> 00:48:27,040 Speaker 1: can leave with my wealth and there's nothing that nation 859 00:48:27,120 --> 00:48:28,680 Speaker 1: can do. And it's the only thing that allows us 860 00:48:28,680 --> 00:48:31,120 Speaker 1: to do that, and I think that's going to speed 861 00:48:31,239 --> 00:48:36,600 Speaker 1: up this competition between countries. And so when you talk 862 00:48:36,640 --> 00:48:39,520 Speaker 1: about buying bitcoin doesn't fix everything, well, it kind of 863 00:48:39,560 --> 00:48:42,440 Speaker 1: does it. One. It allows me to one have options 864 00:48:42,440 --> 00:48:44,080 Speaker 1: that we never had in the history of the world. 865 00:48:44,440 --> 00:48:47,080 Speaker 1: Um it also neuters the government by taking my money 866 00:48:47,120 --> 00:48:49,600 Speaker 1: out of their system. It's somewhat limits their ability to 867 00:48:50,320 --> 00:48:53,319 Speaker 1: um impose their will. I'm curious what your views are 868 00:48:53,360 --> 00:48:56,279 Speaker 1: on bitcoin in relation to those kind of topics right now. Well, 869 00:48:56,320 --> 00:48:57,600 Speaker 1: I still think you have to be able to leave 870 00:48:57,640 --> 00:49:01,840 Speaker 1: the country, right This assumes you and leave, and I 871 00:49:01,920 --> 00:49:04,200 Speaker 1: think that's where the passport comes in that we talked 872 00:49:04,200 --> 00:49:06,879 Speaker 1: about earlier. But as far as long term, I think 873 00:49:07,000 --> 00:49:10,360 Speaker 1: bitcoin is fantastic. I think it's a great speculation. I 874 00:49:10,400 --> 00:49:15,640 Speaker 1: think there's there's tremendous, tremendous asymmetry. I think that unfortunately, 875 00:49:15,680 --> 00:49:18,040 Speaker 1: the better bitcoin does, the more it's gonna have a 876 00:49:18,040 --> 00:49:20,879 Speaker 1: target on its back through governments. But to your point, 877 00:49:20,960 --> 00:49:23,960 Speaker 1: hopefully there'll be some countries with their head screwed on 878 00:49:24,080 --> 00:49:26,840 Speaker 1: right that we'll see that as an opportunity to bring 879 00:49:26,840 --> 00:49:30,040 Speaker 1: in investment and bring in entrepreneurs and people that actually 880 00:49:30,080 --> 00:49:34,080 Speaker 1: create jobs. That's that's what I'm hoping. Um. I think 881 00:49:34,200 --> 00:49:42,680 Speaker 1: short term that are super, super super excited about it 882 00:49:42,800 --> 00:49:46,280 Speaker 1: and just ranting and raving, and I get a little 883 00:49:46,360 --> 00:49:51,919 Speaker 1: concerned that it may be overbought short term because I just, man, 884 00:49:52,080 --> 00:49:54,400 Speaker 1: I mean, you know, on Twitter right now and in 885 00:49:54,440 --> 00:49:57,799 Speaker 1: the comments. I mean, my goodness, gracious, I've never seen 886 00:49:57,840 --> 00:50:03,040 Speaker 1: more enthusiasm about bitcoin and the price of bitcoin. That said, 887 00:50:03,560 --> 00:50:05,600 Speaker 1: I was just talking to Lynn aldon the other day, 888 00:50:05,880 --> 00:50:10,200 Speaker 1: and she does extensive research, and she pointed out that 889 00:50:10,480 --> 00:50:15,920 Speaker 1: the Google keyword search for bitcoin. Uh, she did a 890 00:50:15,960 --> 00:50:20,279 Speaker 1: comparison on the spike back in two thousand seventeen or 891 00:50:20,280 --> 00:50:22,839 Speaker 1: two thousand eighteen when we had that last level, and 892 00:50:23,040 --> 00:50:27,719 Speaker 1: the Google searches were like ten times higher back then 893 00:50:27,840 --> 00:50:30,640 Speaker 1: than they are now. So so there is some data 894 00:50:30,680 --> 00:50:33,000 Speaker 1: that would suggest that it's it's really you know, we're 895 00:50:33,040 --> 00:50:35,640 Speaker 1: not back into thousand seven teams does an eight team. 896 00:50:35,680 --> 00:50:37,440 Speaker 1: It's not to say that I don't think you should 897 00:50:37,440 --> 00:50:40,399 Speaker 1: buy a bitcoin, you shouldn't own it. A long term 898 00:50:40,480 --> 00:50:42,520 Speaker 1: I think it's great, and I to your point, I 899 00:50:42,600 --> 00:50:46,200 Speaker 1: think it's solved so many problems that we have in 900 00:50:46,239 --> 00:50:50,279 Speaker 1: the world today. But I just think that short term 901 00:50:50,320 --> 00:50:53,160 Speaker 1: it could be uh, people could be a little too 902 00:50:53,160 --> 00:50:56,640 Speaker 1: excited about it. I'd much rather have people not talking 903 00:50:56,680 --> 00:51:00,000 Speaker 1: about it and uh, you know, to where you can 904 00:51:00,040 --> 00:51:02,400 Speaker 1: swooping and and buy it and then write it on 905 00:51:02,440 --> 00:51:04,640 Speaker 1: the way up. But I think it's a bit like 906 00:51:04,719 --> 00:51:08,320 Speaker 1: gold too, in the sense that I don't really worry 907 00:51:08,320 --> 00:51:11,000 Speaker 1: about the price of gold. I just buy ten percent 908 00:51:11,080 --> 00:51:13,880 Speaker 1: of it, and I wouldn't allocate that much of my 909 00:51:13,920 --> 00:51:19,160 Speaker 1: portfolio to bitcoin. But whatever percentage of your UM portfolio 910 00:51:19,160 --> 00:51:22,160 Speaker 1: you allocate, I don't know that I would be really 911 00:51:22,200 --> 00:51:27,040 Speaker 1: worried about the price. I probably uh maybe like a 912 00:51:27,120 --> 00:51:29,719 Speaker 1: kind of dollar cost average. But if the price did 913 00:51:29,760 --> 00:51:32,720 Speaker 1: get low and everyone started to hate it for whatever reason, 914 00:51:33,160 --> 00:51:35,200 Speaker 1: then I would be a more aggressive buyer. I think 915 00:51:35,200 --> 00:51:37,319 Speaker 1: that's probably the best way to say it. A couple 916 00:51:37,360 --> 00:51:39,440 Speaker 1: of things I would add to that. One, you're not 917 00:51:39,520 --> 00:51:43,560 Speaker 1: a short term guy. Neither am I so exactly even 918 00:51:43,719 --> 00:51:45,520 Speaker 1: to even talk about the price on a short term basis. 919 00:51:45,520 --> 00:51:46,759 Speaker 1: People ask me, where do you think the price of 920 00:51:46,800 --> 00:51:48,360 Speaker 1: bitcoin be in a month or two, I'm like, I 921 00:51:48,360 --> 00:51:50,000 Speaker 1: don't know, I don't care, Like I don't even know. 922 00:51:50,560 --> 00:51:54,160 Speaker 1: I don't bother to interpret that um so UM. I 923 00:51:54,280 --> 00:51:56,480 Speaker 1: like to look at kind of like you just said, Uh, 924 00:51:56,680 --> 00:51:59,080 Speaker 1: I bought the real estate when it's cheap, it's expensive, 925 00:51:59,120 --> 00:52:01,799 Speaker 1: I'm gonna sell it. And so those are like decade moves, right, 926 00:52:02,040 --> 00:52:03,719 Speaker 1: and a lot of the big investors kind of look 927 00:52:03,760 --> 00:52:06,360 Speaker 1: at like decade long moves. And so this decade is 928 00:52:06,400 --> 00:52:09,840 Speaker 1: going towards hard real assets commodities as you said, gold 929 00:52:09,920 --> 00:52:11,640 Speaker 1: and I think bitcoin. So it's not about a short 930 00:52:11,719 --> 00:52:13,920 Speaker 1: term move. It's about a long term move. But from 931 00:52:13,960 --> 00:52:16,400 Speaker 1: a political standpoint, talking about kind of the great reset, 932 00:52:16,600 --> 00:52:18,400 Speaker 1: like I said, it's what gives me hope because we 933 00:52:18,440 --> 00:52:21,239 Speaker 1: can now have that ability to to move around, you know. 934 00:52:22,160 --> 00:52:25,280 Speaker 1: And so that's what I see as being the genius 935 00:52:25,360 --> 00:52:29,240 Speaker 1: of this new technology that we have, is it allows 936 00:52:29,320 --> 00:52:34,200 Speaker 1: us to fight back against this globalization push because it 937 00:52:34,239 --> 00:52:35,920 Speaker 1: allows us to move with our wealth and and we 938 00:52:35,960 --> 00:52:38,040 Speaker 1: can accumulate gold, but I can't leave the country with 939 00:52:38,080 --> 00:52:40,840 Speaker 1: my gold. Yeah, I think that you've got to separate 940 00:52:41,000 --> 00:52:46,520 Speaker 1: the technology with the price, and and sometimes those are 941 00:52:46,680 --> 00:52:49,920 Speaker 1: are two completely different things, you know, as far as 942 00:52:50,120 --> 00:52:58,160 Speaker 1: the technology and the philosophy. I mean, it's it's yeah, 943 00:52:58,400 --> 00:53:01,040 Speaker 1: it's it's the future. It's it's future. If we're going 944 00:53:01,080 --> 00:53:06,840 Speaker 1: to have freedom, if we're going to combat the central planners. 945 00:53:07,800 --> 00:53:11,560 Speaker 1: A decentralized currency has got to be a part of that, yep. 946 00:53:12,080 --> 00:53:15,319 Speaker 1: And that's just the bottom line, yep. And that's why 947 00:53:15,600 --> 00:53:17,600 Speaker 1: that that's why it gives us hope for hope for 948 00:53:17,640 --> 00:53:19,120 Speaker 1: the future, at least at least gives me hope for 949 00:53:19,120 --> 00:53:21,359 Speaker 1: the future. The other thing I'd like to say, just 950 00:53:21,440 --> 00:53:23,719 Speaker 1: to kind of cap off this conversation, will wind it down, 951 00:53:24,160 --> 00:53:25,960 Speaker 1: is that you know, obviously we talked about a lot 952 00:53:26,000 --> 00:53:28,319 Speaker 1: of scary stuff, but everything, as you said, right, these 953 00:53:28,320 --> 00:53:30,880 Speaker 1: are all probabilities. The future is not set. I like 954 00:53:31,000 --> 00:53:34,160 Speaker 1: to say that we're not victims. The future is ours 955 00:53:34,200 --> 00:53:38,080 Speaker 1: to create. And if you talked about the powers to 956 00:53:38,120 --> 00:53:40,440 Speaker 1: be trying to make bitcoin illegal, if a billion people 957 00:53:40,440 --> 00:53:43,040 Speaker 1: don't want bitcoin to be illegal, it's not going to 958 00:53:43,120 --> 00:53:45,919 Speaker 1: be illegal. If a billion people don't want the Great 959 00:53:45,960 --> 00:53:47,759 Speaker 1: Reset to happen, then they should stand up and push 960 00:53:47,760 --> 00:53:49,600 Speaker 1: back against the great reset. And that's why, you know, 961 00:53:49,680 --> 00:53:51,440 Speaker 1: I do what you do, I I do, and I 962 00:53:51,440 --> 00:53:53,400 Speaker 1: know what you do. Right, we're trying to educate people 963 00:53:53,440 --> 00:53:57,839 Speaker 1: and hopefully people can push back and not be victims. Yeah, yeah, 964 00:53:57,920 --> 00:54:00,839 Speaker 1: that's right. That there's a lot under your control. I mean, 965 00:54:00,880 --> 00:54:04,919 Speaker 1: if you think about if you lived in Venezuela when 966 00:54:05,520 --> 00:54:09,520 Speaker 1: Hugo Shabez was president, what you to a certain degree, 967 00:54:09,719 --> 00:54:12,120 Speaker 1: if you had some sort of resources, you would be 968 00:54:12,160 --> 00:54:15,600 Speaker 1: able to move over to Columbia, or you could have 969 00:54:15,640 --> 00:54:18,880 Speaker 1: gone somewhere else. It would have been under your control. 970 00:54:18,880 --> 00:54:21,720 Speaker 1: If you lived in Zimbabwe, if you lived in East 971 00:54:21,760 --> 00:54:26,640 Speaker 1: Germany before they built out, you probably could have walked 972 00:54:26,640 --> 00:54:29,719 Speaker 1: across and said, you know what, I prefer what they're 973 00:54:29,719 --> 00:54:33,239 Speaker 1: talking about. I prefer the political narrative over here in 974 00:54:33,680 --> 00:54:36,279 Speaker 1: West Germany. You had the ability to do that, but 975 00:54:36,480 --> 00:54:41,279 Speaker 1: at a certain point it's too late. So I think 976 00:54:41,320 --> 00:54:43,440 Speaker 1: it goes back to what you're saying that we need 977 00:54:43,480 --> 00:54:46,040 Speaker 1: to get this message out. We need to make people 978 00:54:46,120 --> 00:54:49,799 Speaker 1: aware of what's going on around them so they're not 979 00:54:49,880 --> 00:54:54,080 Speaker 1: the frog boiling in the pot where they wake up 980 00:54:54,120 --> 00:54:56,759 Speaker 1: one morning and all of a sudden it's too late 981 00:54:56,840 --> 00:55:00,440 Speaker 1: because the wall has been built around them. Yeah, exactly. 982 00:55:00,719 --> 00:55:03,200 Speaker 1: Well it's a great way to end it. Georgia. Always 983 00:55:03,239 --> 00:55:05,279 Speaker 1: a pleasure talking to you. I know we had some 984 00:55:05,280 --> 00:55:07,320 Speaker 1: plans to maybe try to organize another meet up, but 985 00:55:07,440 --> 00:55:10,160 Speaker 1: looks like the great Governor in California has put it 986 00:55:10,239 --> 00:55:14,680 Speaker 1: into that so uh, everybody, stay tuned and we'll try 987 00:55:14,680 --> 00:55:17,799 Speaker 1: to put something together um later. Um. Of course, I'll 988 00:55:17,840 --> 00:55:20,120 Speaker 1: link to your YouTube channel and your Twitter account that's 989 00:55:20,120 --> 00:55:22,280 Speaker 1: pretty active today. Anything else you want to draw attention 990 00:55:22,360 --> 00:55:25,600 Speaker 1: to the people should know about. No, I think that's it. 991 00:55:25,880 --> 00:55:30,040 Speaker 1: I really appologie, all right. I really appreciate you having 992 00:55:30,040 --> 00:55:34,880 Speaker 1: me on the show, and I always enjoy the opportunity 993 00:55:34,920 --> 00:55:37,520 Speaker 1: to chat for sure. All right, George, thanks so much. 994 00:55:37,560 --> 00:55:38,799 Speaker 1: We'll talk soon, all right.