1 00:00:01,720 --> 00:00:06,720 Speaker 1: Cool Media. 2 00:00:06,880 --> 00:00:10,119 Speaker 2: Welcome to it could happen here A podcast frequently about 3 00:00:10,400 --> 00:00:13,480 Speaker 2: the horrifying tech gools, and in this case, venture capital 4 00:00:13,520 --> 00:00:16,840 Speaker 2: gouls who are plotting to take over the United States 5 00:00:16,880 --> 00:00:20,280 Speaker 2: and have already made your lives significantly worse. I am 6 00:00:20,320 --> 00:00:23,880 Speaker 2: your host, Mia Wong, and with me today, I'm very 7 00:00:24,000 --> 00:00:27,760 Speaker 2: very excited about this to talk about the forces of 8 00:00:27,840 --> 00:00:31,440 Speaker 2: venture capital and how they're ruining our lives. Is Shaneley, 9 00:00:31,520 --> 00:00:34,159 Speaker 2: who is one of the people who puts together the 10 00:00:34,200 --> 00:00:37,760 Speaker 2: website VC Infodocs, which I really cannot recommend enough. It 11 00:00:37,840 --> 00:00:41,880 Speaker 2: is the most comprehensive, compile source of information on these 12 00:00:41,960 --> 00:00:44,720 Speaker 2: venture capital firms and the network state and all the 13 00:00:44,760 --> 00:00:46,839 Speaker 2: things that I've been talking about that I've ever encountered. 14 00:00:46,880 --> 00:00:49,920 Speaker 2: It was a very significant source for the episodes that 15 00:00:49,960 --> 00:00:53,040 Speaker 2: I did about Abundance. Shanley, Welcome to the show. 16 00:00:53,360 --> 00:00:55,680 Speaker 3: Thank you so much for having me, And this is 17 00:00:55,760 --> 00:01:00,880 Speaker 3: actually the first podcast I've ever done, so thank you. 18 00:01:03,280 --> 00:01:04,320 Speaker 2: I feel very special. 19 00:01:05,840 --> 00:01:08,360 Speaker 4: So it's great, It's it's good to be here with you. 20 00:01:08,840 --> 00:01:09,080 Speaker 3: Yeah. 21 00:01:09,240 --> 00:01:10,720 Speaker 2: Do you want to talk a little bit about your 22 00:01:10,760 --> 00:01:14,360 Speaker 2: work and about your time confronting the sort of Leviathan 23 00:01:14,640 --> 00:01:15,680 Speaker 2: of venture capital? 24 00:01:16,480 --> 00:01:17,000 Speaker 4: Yeah? 25 00:01:17,160 --> 00:01:20,880 Speaker 3: Absolutely, so I actually used to work in the tech industry. 26 00:01:21,000 --> 00:01:24,520 Speaker 3: It feels like a lifetime ago, but I remember when 27 00:01:24,560 --> 00:01:30,000 Speaker 3: I first started encountering venture capital, like I knew in 28 00:01:30,120 --> 00:01:32,800 Speaker 3: my body and my heart and my soul that something 29 00:01:32,920 --> 00:01:35,679 Speaker 3: was terribly wrong with this situation. 30 00:01:37,000 --> 00:01:40,760 Speaker 4: And so I started following that down, you know, over. 31 00:01:40,600 --> 00:01:43,120 Speaker 3: The course of years, and now I've been doing it 32 00:01:43,160 --> 00:01:46,560 Speaker 3: for about thirteen years. At different times, I've been more 33 00:01:46,600 --> 00:01:51,080 Speaker 3: of an activist. I ran a tech critical magazine at 34 00:01:51,120 --> 00:01:54,080 Speaker 3: one point, and now I really do a bunch of 35 00:01:54,120 --> 00:01:57,680 Speaker 3: research and work with other researchers around the world to 36 00:01:57,800 --> 00:01:58,360 Speaker 3: try to. 37 00:01:58,280 --> 00:02:00,880 Speaker 4: Bring as much serious. 38 00:02:00,480 --> 00:02:04,120 Speaker 3: And material information about venture capital and what we're facing 39 00:02:04,160 --> 00:02:07,040 Speaker 3: as possible and put it in people's hands who can 40 00:02:07,080 --> 00:02:08,120 Speaker 3: do something about it. 41 00:02:08,880 --> 00:02:13,400 Speaker 2: Yeah, and those hands are amazingly. You the listener, you, 42 00:02:13,560 --> 00:02:15,720 Speaker 2: dear listener, can be one of the people who helps 43 00:02:15,800 --> 00:02:17,680 Speaker 2: end these people's reign over the world. 44 00:02:17,960 --> 00:02:22,640 Speaker 1: Absolutely so, all right, I think the place that we 45 00:02:22,720 --> 00:02:26,600 Speaker 1: should start is, I think when people think about and 46 00:02:26,600 --> 00:02:28,840 Speaker 1: it's something that you have talked about, when people think 47 00:02:28,960 --> 00:02:32,559 Speaker 1: about sort of venture capital and tech. 48 00:02:32,520 --> 00:02:34,720 Speaker 2: And the wave that they're trying to take over the country, 49 00:02:35,240 --> 00:02:40,120 Speaker 2: there is this myopic focus on Peter Thiel and Jarvin 50 00:02:40,160 --> 00:02:45,320 Speaker 2: Curtis because they are these sort of almost semi mythological 51 00:02:45,360 --> 00:02:48,440 Speaker 2: at this point figures who have a bunch of really 52 00:02:48,480 --> 00:02:51,239 Speaker 2: really unhinged beliefs and love talking about them constantly. 53 00:02:51,960 --> 00:02:56,639 Speaker 3: Yes, one hundred percent. It almost turns into a circus. 54 00:02:57,280 --> 00:03:00,560 Speaker 3: Look at these freaks, like look at these like three 55 00:03:00,639 --> 00:03:04,919 Speaker 3: freaks that then get sort of obsessively focused on and 56 00:03:05,280 --> 00:03:08,240 Speaker 3: Sam Altman and one is one of those, Peter Tielo's 57 00:03:08,320 --> 00:03:10,680 Speaker 3: one of those, Curtis Jarvin is one of those. 58 00:03:11,280 --> 00:03:12,799 Speaker 4: And it kind of ends. 59 00:03:12,639 --> 00:03:16,120 Speaker 3: Up being people are looking at this through the lens 60 00:03:16,120 --> 00:03:19,359 Speaker 3: of individuals, through the lens of sort of these cults 61 00:03:19,400 --> 00:03:23,200 Speaker 3: of personalities that are being created. They're relating to this 62 00:03:23,360 --> 00:03:29,080 Speaker 3: issue through sort of like individual players in the environment. 63 00:03:30,040 --> 00:03:33,880 Speaker 3: And that's actually very limiting when we're talking about a 64 00:03:33,919 --> 00:03:38,400 Speaker 3: system that consists of trillions of dollars, hundreds of venture 65 00:03:38,440 --> 00:03:42,520 Speaker 3: capital firms, thousands and thousands and thousands of startups, and 66 00:03:42,720 --> 00:03:46,280 Speaker 3: all of the financial structures that are around them. So 67 00:03:46,440 --> 00:03:51,680 Speaker 3: it has this effect of almost minimizing what's happening, Yeah, 68 00:03:51,720 --> 00:03:57,440 Speaker 3: and also kind of diverting something so serious into something 69 00:03:57,480 --> 00:04:00,280 Speaker 3: that is kind of like what we can just make 70 00:04:00,320 --> 00:04:05,080 Speaker 3: fun of them and that's gonna do something, and that's activism. 71 00:04:05,200 --> 00:04:09,600 Speaker 3: The reality is they think that we are labrats. Yeah, 72 00:04:09,640 --> 00:04:13,320 Speaker 3: they do not care what we think about them. So 73 00:04:13,800 --> 00:04:17,400 Speaker 3: having this very like we're gonna call them stupid, we're 74 00:04:17,400 --> 00:04:19,599 Speaker 3: gonna call them dumb, we're gonna make fun of them, 75 00:04:19,800 --> 00:04:24,640 Speaker 3: we're gonna do whatever, that becomes the dominant form of critique, 76 00:04:24,720 --> 00:04:28,720 Speaker 3: and that takes us way off course of what's actually happening. 77 00:04:29,600 --> 00:04:31,559 Speaker 2: Yeah, it's like it's a kind of like Great Man 78 00:04:31,560 --> 00:04:34,440 Speaker 2: theory of venture capital. Yes, yeah, And this isn't a 79 00:04:34,480 --> 00:04:36,600 Speaker 2: situation where it's like, you know, you're looking at like 80 00:04:36,680 --> 00:04:40,479 Speaker 2: Napoleon history on horseback stuff and you're you're debating whether 81 00:04:40,560 --> 00:04:42,760 Speaker 2: or okay, to what extent is just like the Great Man, 82 00:04:42,839 --> 00:04:44,960 Speaker 2: and to what extent this is like the structural forces 83 00:04:44,960 --> 00:04:47,520 Speaker 2: of history. This is a situation where like we're looking 84 00:04:47,600 --> 00:04:49,960 Speaker 2: at a structural force and everyone is like looking at 85 00:04:49,960 --> 00:04:52,040 Speaker 2: the clown they've stuck on top of the structural force. 86 00:04:52,080 --> 00:04:54,640 Speaker 2: It's like, no, no, no, no, no, we got to understand 87 00:04:54,680 --> 00:04:58,400 Speaker 2: the actual structures here, which I think you've done maybe 88 00:04:58,480 --> 00:05:01,880 Speaker 2: the best job I've ever seen, and actually looking at 89 00:05:02,080 --> 00:05:06,800 Speaker 2: what we're dealing with, which is these networks of hundreds 90 00:05:06,839 --> 00:05:12,440 Speaker 2: of venture capital firms and startups, and yeah, this entire 91 00:05:12,480 --> 00:05:17,159 Speaker 2: sort of ecosystem that has become a sort of force 92 00:05:17,200 --> 00:05:17,799 Speaker 2: of history. 93 00:05:18,640 --> 00:05:22,799 Speaker 3: Yes, one hundred person And that's where the conversation needs 94 00:05:22,880 --> 00:05:27,719 Speaker 3: to go is towards like what are we actually dealing with, 95 00:05:27,800 --> 00:05:30,040 Speaker 3: Like what are we actually facing and what are the 96 00:05:31,120 --> 00:05:35,440 Speaker 3: causes of that. So I always like to start with 97 00:05:35,480 --> 00:05:38,280 Speaker 3: sort of talking about, you know, what are some of 98 00:05:38,320 --> 00:05:43,120 Speaker 3: the core dynamics that are happening within venture capital. 99 00:05:43,720 --> 00:05:46,120 Speaker 4: One of them is that venture. 100 00:05:45,839 --> 00:05:53,159 Speaker 3: Capitalists act as a central coordinator of this giant machinery 101 00:05:53,400 --> 00:05:58,560 Speaker 3: of startups and technological development and infrastructure. So one thing 102 00:05:58,640 --> 00:06:00,880 Speaker 3: I often say is like, you might be looking at 103 00:06:01,040 --> 00:06:05,479 Speaker 3: like fifteen different startups and that's all the same thing. Yeah, 104 00:06:05,560 --> 00:06:08,840 Speaker 3: you're even looking at five different VC firms. 105 00:06:09,240 --> 00:06:10,600 Speaker 4: That is all the same thing. 106 00:06:11,040 --> 00:06:15,280 Speaker 3: It is our cartel that it has a central financial 107 00:06:15,360 --> 00:06:21,599 Speaker 3: backbone that is generating companies at an incredible speed with 108 00:06:21,760 --> 00:06:27,680 Speaker 3: incredible efficiency. They are machines for turning out these startups, 109 00:06:28,000 --> 00:06:32,440 Speaker 3: which they're then able to orchestrate to work together, and 110 00:06:32,480 --> 00:06:37,520 Speaker 3: that becomes just a profound force and a very efficient 111 00:06:37,680 --> 00:06:41,919 Speaker 3: force in changing the world, in interacting with the world, 112 00:06:41,960 --> 00:06:46,080 Speaker 3: and it is we increasingly see, you know, impacting geopolitics. 113 00:06:47,040 --> 00:06:49,919 Speaker 2: So for people like me who are fortunate enough to 114 00:06:50,080 --> 00:06:53,279 Speaker 2: not sort of live inside one of these people's center 115 00:06:53,320 --> 00:06:55,400 Speaker 2: of power, which is you know, like places like the 116 00:06:55,440 --> 00:06:58,520 Speaker 2: Bay or like these these places where these concentrations of 117 00:06:58,600 --> 00:07:03,520 Speaker 2: tech capital have fundamentally reshaped the world to the extent 118 00:07:03,520 --> 00:07:06,240 Speaker 2: that it feels just being in one of these places 119 00:07:06,240 --> 00:07:08,120 Speaker 2: feels so different than being in a place that's not 120 00:07:08,279 --> 00:07:10,520 Speaker 2: like a tech capital center for those of us who 121 00:07:10,560 --> 00:07:13,640 Speaker 2: like aren't living as much under the eye of the panopticon. 122 00:07:14,080 --> 00:07:18,120 Speaker 2: Can you explain a little bit about what venture capital is, 123 00:07:18,520 --> 00:07:21,400 Speaker 2: dex and then what the effect on sort of the 124 00:07:21,440 --> 00:07:23,640 Speaker 2: tech sector that it's had has been. 125 00:07:24,360 --> 00:07:24,720 Speaker 4: Yeah. 126 00:07:24,760 --> 00:07:30,280 Speaker 3: Absolutely, So, you know, venture capital essentially what it does. 127 00:07:30,400 --> 00:07:35,120 Speaker 3: It takes in capital from around the world. And one 128 00:07:35,160 --> 00:07:38,160 Speaker 3: of the interesting things about venture capital is like we 129 00:07:38,320 --> 00:07:41,520 Speaker 3: do not have a lot of visibility into where their 130 00:07:41,560 --> 00:07:45,440 Speaker 3: money is coming from. We know some things about them, 131 00:07:45,600 --> 00:07:48,080 Speaker 3: but we do not get a list of like here's 132 00:07:48,160 --> 00:07:50,000 Speaker 3: everyone who's giving us money. 133 00:07:50,400 --> 00:07:51,400 Speaker 4: So we have all this. 134 00:07:51,520 --> 00:07:55,480 Speaker 3: Money coming in, and then on the outside of that, 135 00:07:56,120 --> 00:08:00,920 Speaker 3: weapons companies are coming out, yeah, and crypto companies are 136 00:08:00,960 --> 00:08:05,680 Speaker 3: coming out, and you know, derne companies coming out, nuclear 137 00:08:05,840 --> 00:08:08,880 Speaker 3: energy companies are coming out, So you sort of have 138 00:08:09,160 --> 00:08:13,040 Speaker 3: this like it's almost like a black box where unknown 139 00:08:13,080 --> 00:08:15,560 Speaker 3: money goes in, yeah, and then all of this shit 140 00:08:15,680 --> 00:08:19,520 Speaker 3: comes out the other side. And that becomes really scary 141 00:08:19,560 --> 00:08:21,720 Speaker 3: when you start to look at things like we know 142 00:08:22,000 --> 00:08:27,840 Speaker 3: that Israel is funding many venture capital firms in the US, 143 00:08:28,000 --> 00:08:31,200 Speaker 3: and those venture capital firms are turning out dozens and 144 00:08:31,240 --> 00:08:35,360 Speaker 3: dozens of weapons companies, and then those weapons companies are 145 00:08:35,440 --> 00:08:39,160 Speaker 3: going to Israel and being used in the genocide. 146 00:08:39,360 --> 00:08:40,840 Speaker 4: So you have these very. 147 00:08:40,760 --> 00:08:46,239 Speaker 3: Sort of complex relationships going on between like the investors, 148 00:08:46,280 --> 00:08:49,920 Speaker 3: between other nations, and what venture capital is doing. 149 00:08:50,840 --> 00:08:54,280 Speaker 2: One of the things that this reminds me of is 150 00:08:55,440 --> 00:08:57,439 Speaker 2: this is something we've talked about on the show to 151 00:08:57,480 --> 00:09:01,880 Speaker 2: some extent, but one of the major forces that kind 152 00:09:01,920 --> 00:09:05,440 Speaker 2: of reshaped the latter half of the twentieth century was 153 00:09:06,679 --> 00:09:09,280 Speaker 2: after the sort of oil shocks, where you know, you 154 00:09:09,360 --> 00:09:11,200 Speaker 2: have all of these countries, like you have like countries 155 00:09:11,240 --> 00:09:13,720 Speaker 2: like Saudi Arabia, like the golf monarchies who are like 156 00:09:13,880 --> 00:09:16,280 Speaker 2: very intimately tied to all of these All of these 157 00:09:16,320 --> 00:09:20,040 Speaker 2: venture capital firms are certainly just flush with oil money 158 00:09:20,679 --> 00:09:24,240 Speaker 2: and they have this problem, which is that, Okay, we 159 00:09:24,320 --> 00:09:27,120 Speaker 2: have all of these piles of money, but this money 160 00:09:27,160 --> 00:09:29,160 Speaker 2: is capital, right, and capital wants to be turned into 161 00:09:29,160 --> 00:09:31,680 Speaker 2: more and increasing amounts of capital. But how do you 162 00:09:32,120 --> 00:09:34,720 Speaker 2: do that, Like where do you actually put this money 163 00:09:34,760 --> 00:09:37,719 Speaker 2: in an economy where you know, like this is the 164 00:09:37,920 --> 00:09:40,680 Speaker 2: context of the seventies where like output everywhere is decreasing 165 00:09:40,720 --> 00:09:42,679 Speaker 2: and like the returns are on capital are falling and 166 00:09:43,400 --> 00:09:45,960 Speaker 2: you know, the long range rate of returns collapsing. What 167 00:09:45,960 --> 00:09:49,040 Speaker 2: do you do with it? And in the seventies, the 168 00:09:49,040 --> 00:09:51,000 Speaker 2: thing that they did with it was they put it 169 00:09:51,040 --> 00:09:54,040 Speaker 2: into like Third world debt. And this is like why 170 00:09:54,120 --> 00:09:56,280 Speaker 2: the term third world is a slur now when it 171 00:09:56,360 --> 00:09:58,960 Speaker 2: used to be a political movement is that you know, 172 00:09:59,000 --> 00:10:02,600 Speaker 2: these countries, all of these what regestable indust rate loans 173 00:10:02,640 --> 00:10:03,960 Speaker 2: and then when the interest rate went to like two 174 00:10:04,000 --> 00:10:08,560 Speaker 2: hundred percent or whatever, they got completely annihilated. And some 175 00:10:08,640 --> 00:10:13,280 Speaker 2: of that capital went to weapons, because weapons are a 176 00:10:13,800 --> 00:10:18,480 Speaker 2: thing that you can put capital into that destroys capital. 177 00:10:19,040 --> 00:10:21,240 Speaker 2: And also it let's you know it lets like Saudi 178 00:10:21,320 --> 00:10:23,480 Speaker 2: the Saudi monarchy stay in power. But it's also a 179 00:10:23,480 --> 00:10:24,920 Speaker 2: thing where like you don't find a way to make 180 00:10:24,960 --> 00:10:27,200 Speaker 2: money with that capital, you could just buy a bunch 181 00:10:27,280 --> 00:10:29,960 Speaker 2: of jet fighters through the US, which do nothing, but 182 00:10:30,000 --> 00:10:31,520 Speaker 2: you spent your money on something. 183 00:10:31,800 --> 00:10:32,959 Speaker 4: One hundred percent. 184 00:10:33,200 --> 00:10:37,720 Speaker 3: And I think to that point specifically Saudi Arabia, one 185 00:10:37,800 --> 00:10:41,120 Speaker 3: of the main reasons what's happening in venture capital now 186 00:10:41,280 --> 00:10:45,840 Speaker 3: is because Saudi Arabia is trying to diversify its wealth 187 00:10:46,040 --> 00:10:52,440 Speaker 3: outside of oil, and they want a globally competitive technology industry. 188 00:10:52,640 --> 00:10:55,920 Speaker 3: So they're going to turn to the people who can 189 00:10:56,000 --> 00:10:59,200 Speaker 3: give them that, and that is venture capital, and that 190 00:10:59,320 --> 00:11:03,120 Speaker 3: is tech company in America. There's sort of this race 191 00:11:03,240 --> 00:11:06,880 Speaker 3: happening all over the world of countries trying to make 192 00:11:06,920 --> 00:11:10,959 Speaker 3: sure that they're able to compete or at least exist 193 00:11:11,280 --> 00:11:15,080 Speaker 3: on the technological plane of what's being developed. And that 194 00:11:15,160 --> 00:11:20,840 Speaker 3: makes venture capital almost like the crown jewel now that 195 00:11:21,000 --> 00:11:24,360 Speaker 3: everyone is trying to get ahold of. So now they 196 00:11:24,400 --> 00:11:27,000 Speaker 3: have this huge leverage. 197 00:11:27,000 --> 00:11:28,040 Speaker 4: And you hear them. 198 00:11:28,480 --> 00:11:33,120 Speaker 3: They hang out with MBS, they sing the praises of MBS, 199 00:11:33,760 --> 00:11:36,720 Speaker 3: you know, to the heavens, and they have done a 200 00:11:36,720 --> 00:11:41,560 Speaker 3: lot of work to quote unquote repair the image of MBS, 201 00:11:41,640 --> 00:11:46,720 Speaker 3: particularly after the killing of Jamal Kushogi, who was a 202 00:11:46,840 --> 00:11:51,400 Speaker 3: huge major journalist and for a time that cool relations 203 00:11:51,480 --> 00:11:55,400 Speaker 3: between Saudi Arabia and Vendor Capital, at least on this surface. Yeah, 204 00:11:55,760 --> 00:11:58,400 Speaker 3: but they don't care about that stuff, you know. 205 00:11:59,160 --> 00:12:01,520 Speaker 2: Yeah, And you know, and I think I think the 206 00:12:01,559 --> 00:12:03,320 Speaker 2: other part of that campaign too, and this is this 207 00:12:03,400 --> 00:12:05,920 Speaker 2: is just one of my mia on the soapbox things, 208 00:12:06,000 --> 00:12:07,520 Speaker 2: is that the other thing they were trying to get 209 00:12:07,520 --> 00:12:12,760 Speaker 2: everyone to forget about was the hideous, hiteous war that 210 00:12:12,920 --> 00:12:15,280 Speaker 2: all of the golf stages, particularly Saudi Arabia but also 211 00:12:15,280 --> 00:12:17,480 Speaker 2: the UAE has a massive part in this. We're fighting 212 00:12:17,520 --> 00:12:20,760 Speaker 2: in Yemen where they we literally don't know how many 213 00:12:20,760 --> 00:12:23,000 Speaker 2: people they killed, like they tried, they tried to do 214 00:12:23,000 --> 00:12:25,320 Speaker 2: a starvation genocide of the whole country. Because they couldn't 215 00:12:25,320 --> 00:12:29,319 Speaker 2: win the war militarily. They were deploying Sudanese child soldiers 216 00:12:29,840 --> 00:12:33,640 Speaker 2: as mercenaries who have been taken from the Jualadid, the 217 00:12:33,640 --> 00:12:36,320 Speaker 2: group who's now like doing a genocide in Sudan. They 218 00:12:36,320 --> 00:12:38,120 Speaker 2: are also people who do the genocide and are four 219 00:12:38,800 --> 00:12:40,800 Speaker 2: back in the two thousands. Like this is like the 220 00:12:41,080 --> 00:12:45,320 Speaker 2: scale of atrocity that they're committing. You know, everyone's very 221 00:12:45,320 --> 00:12:47,520 Speaker 2: focused on sha walkashowgime is like yeah, it's very very 222 00:12:47,520 --> 00:12:50,480 Speaker 2: bad obviously to like kill journalists and like cut them 223 00:12:50,520 --> 00:12:52,600 Speaker 2: up with bone salt. But like, these are people who 224 00:12:52,640 --> 00:12:55,480 Speaker 2: were doing airstrikes on school buses. These are people who 225 00:12:55,600 --> 00:13:00,480 Speaker 2: were again deploying Sudanese the child soldiers on battle fields, 226 00:13:00,880 --> 00:13:04,120 Speaker 2: and these people are going, no, fuck it. Not only 227 00:13:04,120 --> 00:13:06,000 Speaker 2: are we going to rehabilitate their image, we're going to 228 00:13:06,000 --> 00:13:07,720 Speaker 2: take their money and we're going to build them fucking 229 00:13:07,760 --> 00:13:08,440 Speaker 2: weapons forever. 230 00:13:09,240 --> 00:13:09,720 Speaker 4: Yeah. 231 00:13:10,280 --> 00:13:12,040 Speaker 3: You know, when you talk about like what is a 232 00:13:12,120 --> 00:13:15,040 Speaker 3: venture capitalist, and one of the things that they really 233 00:13:15,080 --> 00:13:19,000 Speaker 3: do is they are like constructing entire markets. They're not 234 00:13:19,280 --> 00:13:23,160 Speaker 3: just they're not just creating a startup hoping it succeeds. 235 00:13:23,240 --> 00:13:26,040 Speaker 3: And then the case of the military, you know, people 236 00:13:26,080 --> 00:13:29,760 Speaker 3: focus on and Dural. They have hundreds of weapons companies 237 00:13:29,800 --> 00:13:34,560 Speaker 3: now hundreds of weapons companies, and they have the big 238 00:13:34,679 --> 00:13:38,240 Speaker 3: prime companies like and Dural that are really like the 239 00:13:38,400 --> 00:13:42,400 Speaker 3: power houses that are supposed to be like Lockheed and Rantheon, 240 00:13:42,880 --> 00:13:47,160 Speaker 3: but they also have weapons part manufacturers. They have drone 241 00:13:47,240 --> 00:13:51,480 Speaker 3: companies for like all layers of earth see you know, 242 00:13:51,600 --> 00:13:57,280 Speaker 3: air everything like that. They're doing hypersonic missiles. They've advocated 243 00:13:57,360 --> 00:14:01,960 Speaker 3: for a new Manhattan project. Their work on developing weapons 244 00:14:02,000 --> 00:14:06,280 Speaker 3: of mass destruction. So when venture capital is going into 245 00:14:06,320 --> 00:14:09,600 Speaker 3: these spaces like they are going into Win, they are 246 00:14:09,640 --> 00:14:14,680 Speaker 3: going in with a fully envisioned picture of what the 247 00:14:14,800 --> 00:14:19,800 Speaker 3: new age military looks like with AI technologies, with autonomous technologies, 248 00:14:20,160 --> 00:14:23,119 Speaker 3: you know, with everything that they've been able to developed, 249 00:14:23,200 --> 00:14:26,240 Speaker 3: and now they have a fully featured war platform that 250 00:14:26,280 --> 00:14:29,400 Speaker 3: they have to try to get other countries to buy. 251 00:14:29,480 --> 00:14:33,560 Speaker 4: Because it's ready. Yeah, so they need wars. 252 00:14:33,600 --> 00:14:37,000 Speaker 2: Which is extremely bad news for everyone on Earth. 253 00:14:37,520 --> 00:14:39,800 Speaker 4: Everybody, yes, everyone on Earth. 254 00:14:39,840 --> 00:14:46,240 Speaker 3: And you know, they have been so deeply complicit in 255 00:14:46,280 --> 00:14:48,120 Speaker 3: the genocide of Palestinians. 256 00:14:48,360 --> 00:14:52,240 Speaker 4: They are so incredibly enmasched with Israel. 257 00:14:52,640 --> 00:14:57,760 Speaker 3: Venture capitalists refer to Israel as a technocratic state and 258 00:14:57,840 --> 00:15:02,320 Speaker 3: as sort of like the ideal state and a model 259 00:15:02,600 --> 00:15:08,520 Speaker 3: for what they can be as a technocratic state because Israel, 260 00:15:08,920 --> 00:15:14,000 Speaker 3: by proportion, the share of tech GDP in Israel is 261 00:15:14,040 --> 00:15:19,880 Speaker 3: actually twice as much as in the US, and as 262 00:15:20,120 --> 00:15:23,520 Speaker 3: parts of the Israeli economy have suffered as a result 263 00:15:23,560 --> 00:15:26,160 Speaker 3: of the genocide, the tech industry. 264 00:15:25,880 --> 00:15:28,080 Speaker 4: Is doing amazing, Yeah, and. 265 00:15:28,120 --> 00:15:31,720 Speaker 3: Venture capitalists are pouring money into it. And so you 266 00:15:31,880 --> 00:15:35,400 Speaker 3: see that one of the immediate things that has come 267 00:15:35,440 --> 00:15:41,680 Speaker 3: out of you know, the Israel American VC relationship is 268 00:15:42,080 --> 00:15:47,640 Speaker 3: the genocide and is the ongoing development of themselves and 269 00:15:48,280 --> 00:15:50,120 Speaker 3: of Israel's the technocratic state. 270 00:15:50,600 --> 00:15:52,080 Speaker 4: It's awful. 271 00:15:51,760 --> 00:16:07,400 Speaker 2: Yeah, So I think I want to zoom out a 272 00:16:07,440 --> 00:16:10,760 Speaker 2: little bit. We've we've talked a bit about you know, 273 00:16:10,840 --> 00:16:14,440 Speaker 2: what these companies do. Do you want to talk about 274 00:16:14,520 --> 00:16:17,280 Speaker 2: some of the major firms that are building all of 275 00:16:17,320 --> 00:16:19,520 Speaker 2: these things and building all of these startups that people 276 00:16:19,720 --> 00:16:21,400 Speaker 2: haven't heard about and need to know about. 277 00:16:21,760 --> 00:16:23,600 Speaker 4: Yeah, one hundred percent. 278 00:16:23,840 --> 00:16:31,280 Speaker 3: So people have heard about andresen Horowitz, but not enough. 279 00:16:31,520 --> 00:16:36,200 Speaker 4: Yeah, definitely not enough. 280 00:16:36,440 --> 00:16:40,760 Speaker 3: If I had to put a firm that is the 281 00:16:40,800 --> 00:16:45,320 Speaker 3: most responsible for what's going on, it is definitely andresen Horowitz. 282 00:16:45,960 --> 00:16:49,240 Speaker 3: One of the things that's happening in the venture capital market. 283 00:16:49,760 --> 00:16:52,360 Speaker 3: Why this is happening is because a small number of 284 00:16:52,400 --> 00:16:57,200 Speaker 3: firms is forming a monopoly on venture capital, and andresen 285 00:16:57,240 --> 00:17:01,160 Speaker 3: Horowitz is right there. And in fact, in twenty dresen 286 00:17:01,200 --> 00:17:06,400 Speaker 3: Horowitz raised over eighteen percent of all venture capital dollars 287 00:17:06,760 --> 00:17:10,520 Speaker 3: just that one firm. Okay, so now you start adding 288 00:17:10,560 --> 00:17:13,760 Speaker 3: that up the other firms that they work most closely 289 00:17:13,840 --> 00:17:16,520 Speaker 3: with and are working on the exact same things and 290 00:17:16,680 --> 00:17:21,040 Speaker 3: fund the exact same startups founder's fund. Peter Thiel's firm 291 00:17:21,160 --> 00:17:25,160 Speaker 3: is one of those. General Catalysts is another one that's very, 292 00:17:25,320 --> 00:17:31,240 Speaker 3: very important, and General Catalyst looks a lot like Andresen Horowitz. 293 00:17:31,280 --> 00:17:34,960 Speaker 3: They are very close and you see this throughout like 294 00:17:35,000 --> 00:17:39,560 Speaker 3: you're like, you have different names on your offices, but 295 00:17:39,720 --> 00:17:43,960 Speaker 3: y'all are the same thing. Sequoia is another big one. 296 00:17:44,000 --> 00:17:47,760 Speaker 3: They were one of the early venture capital firms. They 297 00:17:47,800 --> 00:17:51,760 Speaker 3: did not make their first devent investment until twenty twenty three, 298 00:17:52,200 --> 00:17:55,720 Speaker 3: but they were founded in nineteen seventy two. So this 299 00:17:55,880 --> 00:18:00,159 Speaker 3: is an example of how a giant VC firm has 300 00:18:00,160 --> 00:18:04,879 Speaker 3: really been yoked to an agenda that started in sort 301 00:18:04,920 --> 00:18:10,640 Speaker 3: of these other younger upstart players. And Andresen Horoz has 302 00:18:10,680 --> 00:18:15,359 Speaker 3: talked about how ultimately venture capital will consist of four 303 00:18:15,440 --> 00:18:19,679 Speaker 3: or five major firms and then basically no mid sides 304 00:18:19,800 --> 00:18:23,600 Speaker 3: firms and then some sort of boutique firms that are 305 00:18:23,600 --> 00:18:26,960 Speaker 3: a little bit more specialized. So in that that kind 306 00:18:26,960 --> 00:18:32,040 Speaker 3: of category we have firms like lux Capital. Lex Capital 307 00:18:32,359 --> 00:18:41,040 Speaker 3: is one of the most bloodthirsty, sociopathic, zionist, weird biotech shit, 308 00:18:41,800 --> 00:18:47,399 Speaker 3: weird weapon shit, out and out bloodthirsty extremists, like just 309 00:18:47,600 --> 00:18:53,000 Speaker 3: openly maybe one of the most in that sense. They're 310 00:18:53,359 --> 00:18:58,280 Speaker 3: incredibly Zionist, and they are a relatively small firm, but 311 00:18:58,560 --> 00:19:01,360 Speaker 3: they're able to be in the mix because they have 312 00:19:01,600 --> 00:19:07,480 Speaker 3: this sociopathy, this blood lust that you actually see across 313 00:19:07,520 --> 00:19:10,479 Speaker 3: all of these firms, is that like there's sort of 314 00:19:10,520 --> 00:19:15,560 Speaker 3: like outright sadistic at a certain point. You know, Andresen 315 00:19:15,640 --> 00:19:25,080 Speaker 3: Horowitz actually hired Daniel Penny too killed jordan' neely who 316 00:19:25,320 --> 00:19:30,040 Speaker 3: was a thirty year old, you know, black homeless man. 317 00:19:30,520 --> 00:19:36,840 Speaker 3: And this guy was not a venture capitalist and Mark 318 00:19:36,960 --> 00:19:43,120 Speaker 3: Andresen hired him. There's a degradation and morality, and there's 319 00:19:43,200 --> 00:19:48,360 Speaker 3: sort of this like welling up in the venture capital 320 00:19:48,480 --> 00:19:54,040 Speaker 3: space of this like extremely depraved like anti morality where. 321 00:19:53,800 --> 00:19:56,360 Speaker 4: They hired this murder. 322 00:19:56,760 --> 00:20:00,040 Speaker 3: Yeah, you know, someone who killed a black man and 323 00:20:00,720 --> 00:20:04,280 Speaker 3: and made press releases about it and they talk about 324 00:20:04,280 --> 00:20:08,440 Speaker 3: what a great VC he is, and so they're immersed 325 00:20:08,680 --> 00:20:12,359 Speaker 3: in this like this like culture of sort of of 326 00:20:12,359 --> 00:20:16,679 Speaker 3: of war and like genocide and like killing them so 327 00:20:17,480 --> 00:20:20,320 Speaker 3: super disserting, so any any. 328 00:20:20,680 --> 00:20:23,560 Speaker 2: Great things happening here the most powerful people in the world. 329 00:20:25,840 --> 00:20:27,200 Speaker 4: Yeah, really bad. 330 00:20:27,920 --> 00:20:31,280 Speaker 3: It's it's a moral free fall for sure. So so yeah, 331 00:20:31,320 --> 00:20:34,040 Speaker 3: you have that type of stuff going on. But you 332 00:20:34,040 --> 00:20:37,480 Speaker 3: know Lux Capital we talked about that. You have Eric Schmidt, 333 00:20:37,520 --> 00:20:41,040 Speaker 3: who's the Google CEO. He runs a number of sort 334 00:20:41,080 --> 00:20:45,880 Speaker 3: of smaller scale venture capital firms. And then you have 335 00:20:46,080 --> 00:20:51,440 Speaker 3: some of the major crypto firms like Ribbit Capital, Paradigm, 336 00:20:52,040 --> 00:20:56,600 Speaker 3: Blockchain Capital, and actually Blockchain Capital, which runs a crypto cartel, 337 00:20:56,840 --> 00:21:01,200 Speaker 3: is an investor in Blue Sky and he thinks great, 338 00:21:01,200 --> 00:21:04,639 Speaker 3: so everyone who's thinking that, you know, blue Sky is 339 00:21:04,680 --> 00:21:09,080 Speaker 3: this wonderful alternative, Like Blue Sky is owned by a 340 00:21:09,200 --> 00:21:13,560 Speaker 3: venture capitalists who are running a crypto cartel. So those 341 00:21:13,600 --> 00:21:16,639 Speaker 3: are some of those firms, and you know, you have 342 00:21:16,920 --> 00:21:20,640 Speaker 3: y Combinator, which is a smaller firm feeding in. Then 343 00:21:20,680 --> 00:21:24,200 Speaker 3: you have some other kind of pieces outside that. One 344 00:21:24,320 --> 00:21:28,000 Speaker 3: that's super important is and this is always tough for 345 00:21:28,040 --> 00:21:30,720 Speaker 3: me to talk about because people look at you like 346 00:21:30,800 --> 00:21:34,360 Speaker 3: your conspiracy theorist if you say anything about the CIA, Yeah, 347 00:21:34,359 --> 00:21:40,800 Speaker 3: if it's one hundred percent true, But the CIA made 348 00:21:40,960 --> 00:21:44,760 Speaker 3: a venture capital firm many many years ago, and that 349 00:21:44,880 --> 00:21:48,439 Speaker 3: venture capital firm is called inq Tel, and they have 350 00:21:48,560 --> 00:21:51,200 Speaker 3: funded over eight hundred startups. 351 00:21:51,200 --> 00:21:54,760 Speaker 2: It's amazing, incredible stuff. Also, the fact that they called 352 00:21:54,760 --> 00:22:01,160 Speaker 2: it in q tel is just like incredible. On So, yeah, 353 00:22:01,200 --> 00:22:03,159 Speaker 2: we're gonna put Intel in the name of it, but 354 00:22:03,200 --> 00:22:07,439 Speaker 2: we're gonna put it in qtel because fuck you god, 355 00:22:08,000 --> 00:22:10,000 Speaker 2: it's like qt spy bullshit. 356 00:22:10,400 --> 00:22:15,680 Speaker 4: Yes, it's totally mild. And I always tell this story. 357 00:22:15,880 --> 00:22:18,840 Speaker 3: You know, I worked at startups and slicinbl I worked 358 00:22:18,840 --> 00:22:24,920 Speaker 3: in database startups, Internet infrastructure APIs like you know, infrastructure 359 00:22:25,080 --> 00:22:28,800 Speaker 3: service stuff like that. I went to a big data 360 00:22:28,840 --> 00:22:34,000 Speaker 3: conference in like maybe like twenty twelve or something like that. 361 00:22:34,040 --> 00:22:36,800 Speaker 3: I won't say, I don't know for sure which one 362 00:22:36,840 --> 00:22:39,159 Speaker 3: it was, but it was in New York. There was 363 00:22:39,240 --> 00:22:43,119 Speaker 3: all all these companies there. One of the keynote speakers 364 00:22:43,400 --> 00:22:46,200 Speaker 3: was the chief technology Officer of the. 365 00:22:46,200 --> 00:22:49,640 Speaker 4: CIA, J's Christ. Yeah. 366 00:22:50,200 --> 00:22:53,320 Speaker 3: So none of this has been a secret to people 367 00:22:53,480 --> 00:22:57,600 Speaker 3: in the industry. The CAA operates openly in the industry 368 00:22:57,680 --> 00:23:00,160 Speaker 3: and invests openly in the industry. 369 00:23:00,720 --> 00:23:01,600 Speaker 4: But he got on. 370 00:23:01,640 --> 00:23:06,560 Speaker 3: Stage and he said, our goal is to collect all 371 00:23:06,560 --> 00:23:09,960 Speaker 3: of the data in the world and save it forever. 372 00:23:12,640 --> 00:23:15,680 Speaker 3: And I looked around me to see if anyone else 373 00:23:16,040 --> 00:23:22,440 Speaker 3: was And this was months before the soda and revelations. Yeah, 374 00:23:22,480 --> 00:23:26,000 Speaker 3: so the CIA was openly admitted into all all of 375 00:23:26,040 --> 00:23:29,359 Speaker 3: this stuff anyways. But point being, you know, and in 376 00:23:29,520 --> 00:23:33,640 Speaker 3: q Tel has been so key to this because they 377 00:23:33,680 --> 00:23:38,000 Speaker 3: have brought all of the venture capital startups into the government, 378 00:23:38,160 --> 00:23:44,080 Speaker 3: into intelligence and into defense. From the CIA's perspective, this 379 00:23:44,160 --> 00:23:47,840 Speaker 3: has also given them a revenue source and a way 380 00:23:47,880 --> 00:23:50,960 Speaker 3: to operate outside of just. 381 00:23:50,960 --> 00:23:52,680 Speaker 4: The government budget. 382 00:23:53,119 --> 00:23:55,200 Speaker 3: And we can go back to this when we're talking 383 00:23:55,240 --> 00:23:58,600 Speaker 3: about the network state, because what the CIA is really 384 00:23:58,680 --> 00:24:02,600 Speaker 3: good at is in other countries. And now you see 385 00:24:03,000 --> 00:24:07,280 Speaker 3: the network state down in Latin America trying to. 386 00:24:07,320 --> 00:24:08,600 Speaker 4: Keep governments down there. 387 00:24:08,640 --> 00:24:13,160 Speaker 3: So there's been in there's been an incredible fusion of 388 00:24:13,200 --> 00:24:18,160 Speaker 3: the CIA with venture capital that has has transformed both 389 00:24:18,160 --> 00:24:18,520 Speaker 3: of them. 390 00:24:18,560 --> 00:24:20,240 Speaker 4: They are both changed by this. 391 00:24:20,960 --> 00:24:22,800 Speaker 2: Yeah, it's like it's like tech is the new like 392 00:24:23,240 --> 00:24:26,760 Speaker 2: running opium out of like Vietnam or whatever. It's like 393 00:24:28,400 --> 00:24:32,359 Speaker 2: we've replaced We've replaced doing like really overt drug running 394 00:24:32,480 --> 00:24:35,280 Speaker 2: shit to fuel our operations with uh oh, hey, we 395 00:24:35,320 --> 00:24:37,800 Speaker 2: can just get on stage and like talk to all 396 00:24:37,840 --> 00:24:40,560 Speaker 2: of these venture capital gouls and get a bunch of 397 00:24:40,560 --> 00:24:43,320 Speaker 2: money that way for a like whatever weird shit we 398 00:24:43,359 --> 00:24:44,080 Speaker 2: want to be up to. 399 00:24:45,119 --> 00:24:49,960 Speaker 3: Yeah, it's it's wild so you have that, and then 400 00:24:50,000 --> 00:24:53,359 Speaker 3: another piece of it is that venture capital has formed 401 00:24:53,520 --> 00:24:58,159 Speaker 3: this incredibly close relationship with black Rock and Blackstone, so 402 00:24:58,200 --> 00:25:01,320 Speaker 3: they have a traditional finance backing. 403 00:25:02,080 --> 00:25:05,360 Speaker 2: Can you explain for people who are not familiar what 404 00:25:05,400 --> 00:25:07,399 Speaker 2: Blackrock and Blackstone are and that I can tell my 405 00:25:08,200 --> 00:25:10,840 Speaker 2: completely deranged Blackstone story. 406 00:25:11,480 --> 00:25:18,400 Speaker 3: Okay, so, yes, Blackrock is a giant, you know, financial beast, 407 00:25:18,680 --> 00:25:21,120 Speaker 3: a monster monstrosity. 408 00:25:22,520 --> 00:25:22,760 Speaker 2: Yeah. 409 00:25:23,119 --> 00:25:27,080 Speaker 3: I don't have the most up to date numbers on 410 00:25:27,560 --> 00:25:31,840 Speaker 3: how much money that they manage, but as of twenty 411 00:25:32,000 --> 00:25:36,480 Speaker 3: twenty five, it was over twelve trillion dollars in assets 412 00:25:36,520 --> 00:25:41,400 Speaker 3: under management. Christ So you are talking about a absolutely, 413 00:25:41,680 --> 00:25:46,840 Speaker 3: you know, huge, huge financial entity. So they have been 414 00:25:46,920 --> 00:25:52,119 Speaker 3: one of the first to really back venture capital in 415 00:25:52,160 --> 00:25:54,800 Speaker 3: the traditional finance world in crypto. 416 00:25:55,560 --> 00:25:58,160 Speaker 4: So they are the ones that started bringing. 417 00:25:57,880 --> 00:26:02,159 Speaker 3: To market the et that made it easy to invest 418 00:26:02,240 --> 00:26:07,920 Speaker 3: in in bitcoin. They have ETFs that are trading. They 419 00:26:07,960 --> 00:26:09,920 Speaker 3: also have one for ethereum. 420 00:26:10,359 --> 00:26:11,919 Speaker 2: Can you explain what an ETF is. 421 00:26:12,560 --> 00:26:14,200 Speaker 4: Yes, what an ETF is. 422 00:26:14,359 --> 00:26:18,680 Speaker 3: It's basically, you know, what it does for crypto is, 423 00:26:18,880 --> 00:26:23,879 Speaker 3: instead of having to buy and manage your own crypto assets, 424 00:26:24,720 --> 00:26:31,680 Speaker 3: the financial institution basically takes on the administration and management 425 00:26:32,400 --> 00:26:38,160 Speaker 3: of those underlying assets. So you know, for investors who 426 00:26:39,200 --> 00:26:43,720 Speaker 3: don't want to be on Coinbase, you know, buying from 427 00:26:43,760 --> 00:26:48,800 Speaker 3: these like sketchy companies, these were ways to make these 428 00:26:49,560 --> 00:26:55,200 Speaker 3: assets available to the investment market and Crypto really needed 429 00:26:55,280 --> 00:26:59,440 Speaker 3: that and Blackrock came in to do that, and they 430 00:26:59,480 --> 00:27:03,679 Speaker 3: partnered with Coinbase, and they partnered with other you know, 431 00:27:03,800 --> 00:27:06,840 Speaker 3: venture capital things, so they did. 432 00:27:06,840 --> 00:27:08,720 Speaker 4: The VC is a big solid there. 433 00:27:09,119 --> 00:27:12,240 Speaker 3: And then to our point, like they are very invested 434 00:27:12,520 --> 00:27:16,440 Speaker 3: with this, Saudi is as well partnered with the Saudi 435 00:27:16,760 --> 00:27:22,240 Speaker 3: Sovereign Wealth Fund, you know, the leading to weapons deals. 436 00:27:22,480 --> 00:27:26,439 Speaker 3: They are also doing a bunch of data centers in 437 00:27:26,520 --> 00:27:31,520 Speaker 3: the UK, and they've been operating in Israel for a 438 00:27:31,560 --> 00:27:34,159 Speaker 3: really long time, so that you know, this was a 439 00:27:34,320 --> 00:27:39,520 Speaker 3: very natural partner, I would say for venture capital. But 440 00:27:40,040 --> 00:27:42,720 Speaker 3: it also gives venture capital. 441 00:27:44,320 --> 00:27:47,600 Speaker 4: A lot. The Chicavo has gotten a lot out of 442 00:27:47,640 --> 00:27:51,240 Speaker 4: this deal. So you have that start to happen. 443 00:27:51,280 --> 00:27:54,920 Speaker 3: And one question I've always asked is, like to crypto 444 00:27:55,000 --> 00:27:56,159 Speaker 3: people who have said. 445 00:27:55,920 --> 00:27:58,400 Speaker 4: Like this is the way around the banks and blah. 446 00:27:58,240 --> 00:28:01,800 Speaker 3: Blah blah, Well why Wall Street getting Crypto before you? 447 00:28:02,320 --> 00:28:06,200 Speaker 2: Yeah? It really truly not. It does not really seemed 448 00:28:06,200 --> 00:28:06,880 Speaker 2: to be doing that. 449 00:28:07,080 --> 00:28:10,320 Speaker 4: It's not. It's just the math is not math in here. 450 00:28:22,480 --> 00:28:24,320 Speaker 2: One of the things I think is interesting about what 451 00:28:24,359 --> 00:28:28,120 Speaker 2: you've done is talking about what the relationship between crypto 452 00:28:28,160 --> 00:28:30,800 Speaker 2: and these venture capital firms is and what purpose crypto 453 00:28:30,920 --> 00:28:33,720 Speaker 2: serves for them. Yes, can you get into that? 454 00:28:34,200 --> 00:28:38,240 Speaker 3: Yeah, So, crypto one of my absolute favorite topics to 455 00:28:38,360 --> 00:28:42,200 Speaker 3: talk about. There are a lot of ways of looking 456 00:28:42,240 --> 00:28:45,200 Speaker 3: at this. One of the ones that I find most 457 00:28:45,320 --> 00:28:50,200 Speaker 3: interesting is when the first sort of dot com bubble 458 00:28:50,640 --> 00:28:56,720 Speaker 3: happened and when they first started making absolute fut tons 459 00:28:56,720 --> 00:28:59,400 Speaker 3: of money. So they have tons of money coming in, 460 00:28:59,440 --> 00:29:04,040 Speaker 3: they're making tons of money, and they are putting that 461 00:29:04,200 --> 00:29:08,400 Speaker 3: money in banks they don't own and financial infrastructure they 462 00:29:08,400 --> 00:29:11,240 Speaker 3: don't own, and they're paying a lot of taxes on it. 463 00:29:12,000 --> 00:29:15,960 Speaker 3: So it's some point the decision is made by them, 464 00:29:16,160 --> 00:29:18,560 Speaker 3: like why would you want to make so much money 465 00:29:19,000 --> 00:29:22,080 Speaker 3: and then have that money going right out the door 466 00:29:22,880 --> 00:29:24,960 Speaker 3: to a bunch of bankers who are going to take 467 00:29:25,000 --> 00:29:28,280 Speaker 3: all your money. So at some point it occurs to 468 00:29:28,360 --> 00:29:33,440 Speaker 3: them all of this money that's transacting not just through us, 469 00:29:33,480 --> 00:29:37,240 Speaker 3: but over the internet overall is something we can make 470 00:29:37,320 --> 00:29:40,120 Speaker 3: a ton of money on and you know, one of 471 00:29:40,160 --> 00:29:44,840 Speaker 3: Mark Andresen's first things was trying to get internet credit 472 00:29:44,840 --> 00:29:49,240 Speaker 3: card payments working over the browser, and then you have PayPal. 473 00:29:49,840 --> 00:29:52,920 Speaker 3: So at the point that they sort of were like, 474 00:29:53,720 --> 00:29:57,920 Speaker 3: we're going to do our own financial infrastructure. Okay, Now 475 00:29:57,920 --> 00:30:01,080 Speaker 3: they have a financial infrastructure that that is literally in 476 00:30:01,200 --> 00:30:04,560 Speaker 3: competition with the sovereign financial system of the United States 477 00:30:04,600 --> 00:30:09,400 Speaker 3: of America. And this, more than anything else, might be 478 00:30:09,680 --> 00:30:14,800 Speaker 3: the source of the rupture between the American government and 479 00:30:14,960 --> 00:30:20,440 Speaker 3: between venture capital because as soon as you start developing 480 00:30:20,480 --> 00:30:23,680 Speaker 3: this ecosystem and people think that crypto is just like 481 00:30:24,200 --> 00:30:28,000 Speaker 3: bitcoin and like doge coin and like ethereum. 482 00:30:28,560 --> 00:30:29,040 Speaker 4: No, no, no, no. 483 00:30:29,720 --> 00:30:34,160 Speaker 3: These people have a whole bunch of banks. They have banks, 484 00:30:34,720 --> 00:30:39,200 Speaker 3: They're developing stock markets and stock exchanges. They have point 485 00:30:39,240 --> 00:30:42,000 Speaker 3: of sales systems. They have betting markets. 486 00:30:42,160 --> 00:30:44,440 Speaker 2: Oh god, crypto betting markets. 487 00:30:44,520 --> 00:30:47,720 Speaker 3: Oh yeah, they have gotment, they have you know, they 488 00:30:47,720 --> 00:30:51,440 Speaker 3: have loans programs, they have savings, they have. 489 00:30:51,360 --> 00:30:52,760 Speaker 4: Blah blah blah. 490 00:30:52,800 --> 00:30:59,920 Speaker 3: Like crypto is really a very fully featured financial system. Yeah, 491 00:31:00,040 --> 00:31:03,760 Speaker 3: and they need to get is much money out of 492 00:31:03,800 --> 00:31:08,760 Speaker 3: the existing financial system moved into their financial system. 493 00:31:09,360 --> 00:31:13,400 Speaker 4: So they are in this war essentially. 494 00:31:13,600 --> 00:31:17,080 Speaker 3: Over that and that's what we're looking at, is the 495 00:31:17,120 --> 00:31:21,120 Speaker 3: global financial system being replaced with a financial system that 496 00:31:21,240 --> 00:31:25,920 Speaker 3: is owned and controlled by venture capitalists. And that's a 497 00:31:26,000 --> 00:31:30,640 Speaker 3: profound thing that has profound implications. We're going to talk 498 00:31:30,680 --> 00:31:34,480 Speaker 3: about the network state more. But another reason why the 499 00:31:34,480 --> 00:31:37,920 Speaker 3: network stay has happened is because as the crypto market 500 00:31:38,080 --> 00:31:42,680 Speaker 3: really kind of started to take off, they decided, we 501 00:31:42,720 --> 00:31:45,600 Speaker 3: don't want to pay taxes on this. We did this 502 00:31:45,720 --> 00:31:48,720 Speaker 3: all by ourselves. And one of the things the network 503 00:31:48,760 --> 00:31:53,400 Speaker 3: state is, it is a series of global tax shelters 504 00:31:53,440 --> 00:31:56,920 Speaker 3: and tax evasion zones all over the world because they 505 00:31:57,080 --> 00:32:00,400 Speaker 3: knew that they were striking gold and they wanted to 506 00:32:00,440 --> 00:32:03,440 Speaker 3: make sure they get it out of having to pay 507 00:32:03,480 --> 00:32:06,239 Speaker 3: it to the irs and having to pay it to 508 00:32:06,280 --> 00:32:08,800 Speaker 3: the people in this country and other countries. 509 00:32:09,440 --> 00:32:11,440 Speaker 2: Yeah, and then you know, like the more control you 510 00:32:11,440 --> 00:32:14,320 Speaker 2: can get over like what there is of the American state, 511 00:32:14,400 --> 00:32:16,440 Speaker 2: the more you can just be like, hey, look, we're 512 00:32:16,440 --> 00:32:18,640 Speaker 2: just gonna not ever look into the fact that there's 513 00:32:18,640 --> 00:32:21,160 Speaker 2: all this tax evation shit going on. You can just 514 00:32:21,280 --> 00:32:25,880 Speaker 2: like use our control of like vants and you know, 515 00:32:25,960 --> 00:32:27,840 Speaker 2: like our control of the levers of the state to 516 00:32:27,840 --> 00:32:30,120 Speaker 2: make sure that like we're just allowed to do this. 517 00:32:30,720 --> 00:32:34,080 Speaker 4: M yeah, one hundred percent. You know. 518 00:32:34,160 --> 00:32:37,160 Speaker 3: It also goes back to like, what are the roots 519 00:32:37,160 --> 00:32:41,160 Speaker 3: sort of causes of tech fascism or whatever you would 520 00:32:41,200 --> 00:32:44,480 Speaker 3: like to call them. And one of the big reasons 521 00:32:44,480 --> 00:32:48,280 Speaker 3: for that is because as venture capital itself is diversified 522 00:32:48,640 --> 00:32:52,000 Speaker 3: and it's moving into finance, and it's moving into medicine, 523 00:32:52,040 --> 00:32:55,040 Speaker 3: and it's moving into land, and it's moving into energy, 524 00:32:55,640 --> 00:33:00,200 Speaker 3: there are existing monopolies in every single part of these 525 00:33:00,320 --> 00:33:03,280 Speaker 3: markets that they have to fight in order to get 526 00:33:03,280 --> 00:33:06,680 Speaker 3: into them, and they've openly talked about this. So when 527 00:33:06,680 --> 00:33:10,280 Speaker 3: they're entering these markets, they're going to war with existing 528 00:33:10,360 --> 00:33:14,360 Speaker 3: monopolies in order to create their own monopolies. And that's 529 00:33:14,400 --> 00:33:17,440 Speaker 3: forced them to these really like sort of extreme and 530 00:33:17,960 --> 00:33:22,120 Speaker 3: perverse strategies like we're going to cure the US government 531 00:33:22,440 --> 00:33:31,240 Speaker 3: like God, and they've been really successful at that. So 532 00:33:31,920 --> 00:33:34,680 Speaker 3: they work hard. Everyone's like they're lazy, they don't do anything, 533 00:33:34,680 --> 00:33:37,320 Speaker 3: they're not smart, blah blah blah. I'm like Mark and 534 00:33:37,360 --> 00:33:40,040 Speaker 3: Dreesen works like the devil. He does not take a 535 00:33:40,120 --> 00:33:41,440 Speaker 3: day off. He is. 536 00:33:43,160 --> 00:33:49,640 Speaker 2: Unfortunately, So the story here, I think is one of 537 00:33:50,520 --> 00:33:55,400 Speaker 2: these companies getting you know, heavily invested into the defense sector, 538 00:33:55,920 --> 00:34:00,840 Speaker 2: heavily invested into building their own sort of financial system, 539 00:34:01,080 --> 00:34:04,240 Speaker 2: like to some accept building links with the major financial 540 00:34:04,240 --> 00:34:06,160 Speaker 2: powers that already exists, and to some extent, you know, 541 00:34:06,560 --> 00:34:08,880 Speaker 2: like combating the powers that they want that are like 542 00:34:09,080 --> 00:34:13,560 Speaker 2: monopolizing the places where they want to expand into. But 543 00:34:14,160 --> 00:34:17,080 Speaker 2: there's also a global strategy here that's all kind of 544 00:34:17,160 --> 00:34:20,719 Speaker 2: like a part of this larger plan, and I was 545 00:34:20,760 --> 00:34:22,400 Speaker 2: wondering if you could talk a little bit about that 546 00:34:22,480 --> 00:34:25,240 Speaker 2: before we go much deeper into a next episode. 547 00:34:25,480 --> 00:34:29,239 Speaker 3: Yes, absolutely, so, you know, I think what we have 548 00:34:29,360 --> 00:34:31,719 Speaker 3: talked about so far, as we'really looking at like kind 549 00:34:31,719 --> 00:34:36,520 Speaker 3: of root causes, dynamics, new markets they're going into, and 550 00:34:37,560 --> 00:34:40,600 Speaker 3: the next sort of stage of thinking about that is 551 00:34:40,640 --> 00:34:46,760 Speaker 3: like what demands and what global program and strategy comes 552 00:34:46,800 --> 00:34:51,600 Speaker 3: out of sort of their needs for capital, for returns, 553 00:34:51,680 --> 00:34:56,400 Speaker 3: for expansion, for fighting monopolies, for tax evasion, everything like that, 554 00:34:56,440 --> 00:34:59,520 Speaker 3: And what they've come up with and what we can 555 00:34:59,560 --> 00:35:03,160 Speaker 3: already s is really like a global playbook. 556 00:35:02,760 --> 00:35:04,239 Speaker 4: For how they're going to do that. 557 00:35:04,520 --> 00:35:08,879 Speaker 3: And this is about running everything in the world as 558 00:35:09,000 --> 00:35:12,800 Speaker 3: venture capital firms and their startups and including the government. 559 00:35:13,400 --> 00:35:16,400 Speaker 3: So what is happening in America is the venture capitals 560 00:35:16,480 --> 00:35:20,759 Speaker 3: are trying to replace the government with venture capital firms 561 00:35:20,800 --> 00:35:25,680 Speaker 3: and their startups who are operating the state that can 562 00:35:25,719 --> 00:35:30,480 Speaker 3: be done everywhere. They want global deregulation, they want global 563 00:35:30,520 --> 00:35:33,799 Speaker 3: suspension of taxes all over the world. They're going to 564 00:35:34,000 --> 00:35:38,799 Speaker 3: bolster techno fascists align right wing politicians. We already see 565 00:35:38,840 --> 00:35:42,840 Speaker 3: this with Bukele, with Malay. They're going to do the 566 00:35:42,920 --> 00:35:47,279 Speaker 3: interference in elections, the lobby and the bribery, social medium manipulation, 567 00:35:47,480 --> 00:35:50,080 Speaker 3: everything that they need to do to make sure they 568 00:35:50,120 --> 00:35:52,719 Speaker 3: get politicians all over the place who are going to 569 00:35:52,760 --> 00:35:57,480 Speaker 3: take their orders. As we discuss, like replacing the global 570 00:35:57,520 --> 00:36:03,360 Speaker 3: economic system with the crypto financials, and then these megaprojects, 571 00:36:03,440 --> 00:36:06,960 Speaker 3: the data centers, the new cities in order to feed 572 00:36:06,960 --> 00:36:09,439 Speaker 3: all of their data centers and all of their new 573 00:36:09,480 --> 00:36:13,040 Speaker 3: factories and their new manufacturing. We're headed for a new 574 00:36:13,080 --> 00:36:17,160 Speaker 3: age of resource extraction where they're literally already going all 575 00:36:17,160 --> 00:36:22,080 Speaker 3: over the world with AI mining companies to find lithium, uranium, 576 00:36:22,440 --> 00:36:26,359 Speaker 3: and cobalt. They need to re arm all of Europe. 577 00:36:26,840 --> 00:36:30,400 Speaker 3: They need to recolonize Latin American Africa. They need to 578 00:36:30,440 --> 00:36:36,799 Speaker 3: suppress leftism and communism globally, and you know, ultimately this 579 00:36:36,960 --> 00:36:41,080 Speaker 3: all unfolds within a war with China, because that's what's 580 00:36:41,120 --> 00:36:42,200 Speaker 3: waiting for them. 581 00:36:43,280 --> 00:36:44,560 Speaker 4: At the end of this thing. 582 00:36:44,960 --> 00:36:48,600 Speaker 3: And once you have all these things in place, you're 583 00:36:48,680 --> 00:36:53,720 Speaker 3: looking at the rise of the techno fascist civilization, which 584 00:36:53,760 --> 00:36:56,520 Speaker 3: is the network state, which we are going to talk 585 00:36:56,560 --> 00:36:58,320 Speaker 3: about in our next episode. 586 00:36:58,360 --> 00:37:08,839 Speaker 2: It sounds like, yep, so you could look forward to god, 587 00:37:08,920 --> 00:37:16,719 Speaker 2: the global systemic tech fashion state. Yes tomorrow, oh God? 588 00:37:18,840 --> 00:37:22,839 Speaker 2: Okay Chailey? Where can people find your work and more 589 00:37:22,840 --> 00:37:23,719 Speaker 2: information about this? 590 00:37:24,120 --> 00:37:28,240 Speaker 3: Yes, please check out the research site. It's a vc 591 00:37:28,760 --> 00:37:32,920 Speaker 3: infodox dot com and like, please help us get this 592 00:37:33,040 --> 00:37:36,959 Speaker 3: information out there because people all over the world need 593 00:37:37,000 --> 00:37:40,520 Speaker 3: to know stuff and to know what's hitting them. Particularly 594 00:37:40,760 --> 00:37:44,360 Speaker 3: this affects other countries. And you know, we really need 595 00:37:44,400 --> 00:37:48,319 Speaker 3: people who can activate around this information and make sure 596 00:37:48,520 --> 00:37:53,160 Speaker 3: when we show up and we build our resistance that 597 00:37:53,239 --> 00:38:00,080 Speaker 3: like that resistance is not designed to take down Curtis Yarvin. Yeah, 598 00:38:00,200 --> 00:38:07,040 Speaker 3: it is designed to take down a capitalist system. 599 00:38:07,160 --> 00:38:07,760 Speaker 4: It could happen. 600 00:38:07,800 --> 00:38:10,160 Speaker 5: Here is a production of cool Zone Media. For more 601 00:38:10,200 --> 00:38:13,960 Speaker 5: podcasts from cool Zone Media, visit our website coolzonmedia dot 602 00:38:14,000 --> 00:38:17,720 Speaker 5: com or check us out on the iHeartRadio, app, Apple podcasts, 603 00:38:17,800 --> 00:38:20,640 Speaker 5: or wherever you listen to podcasts, you can now find 604 00:38:20,680 --> 00:38:23,719 Speaker 5: sources for it could happen here, listed directly in episode descriptions. 605 00:38:24,040 --> 00:38:24,880 Speaker 5: Thanks for listening.