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[Music]

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Hey, you're listening to Unlimited Hangout, I'm your host Whitney Webb.

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Though some of the panic of the recent US banking crisis has subsided and things seem

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calmer, big things are still happening beneath the surface that suggests that

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the crisis hasn't really ended at all and will likely get worse in time. Not

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unlike the 2008 financial crisis which really began to unfold in 2007, the

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current banking crisis is likely to continue and enter a new and more

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troubling phase in the not-so-distant future. Essentially it seems that the

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current calm on the surface has allowed the powers that be, or rather the

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financial powers that be, to kick the can down the road giving them time to line

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things up so they can control and manage the situation once chaos and panic return.

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Yet, regardless of if and when another crisis rears its head, the aftermath is likely to

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be seen as an opportunity by the powers that be to roll out or dramatically advance the

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long-awaited central bank digital currency or CBDC paradigm.

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Expected moves by the U.S. Federal Reserve, including the launch of its FedNow service

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in July, as well as the regulatory crackdown on any would-be digital currency competitors,

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to suggest that the march towards programmable money continues to progress, crisis or no

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crisis, panic or no panic. Joining me today to discuss the current financial situation,

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the CBDC rollout, and much more is Catherine Austin-Fitz. Catherine is the president of

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Solari Inc., which publishes the Solari Report, and she is also a managing member of Solari

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Investment Advisory Services. Prior to Solari, she held top positions at the Wall Street

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Investment Bank, Dylan Read & Co., and was also Assistant Secretary of Housing and the

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the Federal Housing Commissioner for the Department of Housing and Urban Development.

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For longtime followers of independent media, Catherine's name should be familiar for her

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investigations with Mark Skidmore into the missing $21 trillion stolen out of the U.S.

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government accounts, and more recently in the COVID era, Catherine has also been an

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important voice, particularly on matters related to digital IDs, vaccine passports, and central

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bank digital currencies. Welcome back to Unlimited Hangout, Catherine. It's great to have you

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back on.

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and me, it's always great to be on with you. So thanks for the invite.

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Absolutely. The pleasure is all mine though this time.

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So since we last spoke a lot has happened in the world of finance and markets

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and money in general. And a few podcasts ago,

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I had some other people on to talk about the collapse of Silicon Valley bank,

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Signature Bank and that whole mess for lack of a better term.

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So I was wondering maybe we could start with your take on that crisis and the

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result in government's response?

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Sure. And let me just say as a background, we see two wars going on.

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One war is to centralize control of financial transactions.

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And the other war is the people at the top fighting about who's going to get

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what turf. So it, you know,

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it can get chaotic and confusing, but the root,

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those are the two wars going on. And of course we know,

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the more you centralize, the more arbitrary you make banking regulation.

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and the more, and really the weaker you make the general economy, particularly when you

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make concerted efforts to shut down small business and hurt and destroy the resiliency

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as you make everyone more dependent on central control.

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But let's take a look at just recently what happened. You had a group of banks in the

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California Fed district, one of which was SVB, another was Signature, who were part

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of the FedNow prototype, interestingly enough. There were five banks who were part of the

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prototype, is my understanding, and it's remarkable how many of them have gotten into trouble.

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It's sort of a remarkable coincidence. What happened during the last few years, in

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2019, the G7 central banks got together at Jackson Hole and voted on the Going Direct

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Reset. We've discussed that numerous times. The Going Direct Reset is really a consolidation

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of the financial system coming out of what I call the financial coup, which started in

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1998, and, you know, was a real push for consolidation, including the theft of 21 trillion that you

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just described.

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What happened when they did the going direct is the Fed did an unprecedented, within a

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one-year period, injection of $5 trillion into the economy and did it directly.

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It was unprecedented in central bank history.

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it bubbled certain aspects of the economy,

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and those bubbles were part of the SVB and signature loan portfolio.

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And always the question is,

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did the bubble cause an unstable loan portfolio or were the things going on in

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that portfolio that somebody centrally wanted to control?

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One of the things that happened was you ended up with banks, big banks,

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and the problem really is in the big banks, it's not in the small banks,

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But you ended up with some big banks with very large deposits,

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most of which were uninsured. So SVB, when it went down,

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had approximately six to 8% of its deposits insured,

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which is a very low percentage, you know, some very high uninsured deposits.

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It also had a holding company that was publicly traded,

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which meant short sellers could short the stock.

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And then if they could start a run on the bank,

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then they could make a lot of money driving the stock down. Interestingly enough,

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when the regulators took over SVB,

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its stock was still trading at over 100,

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which begs the question,

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that's not as- it doesn't look like a bank that's insolvent.

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The other problem was that the regulators

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have encouraged banks not to do loans in their community,

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but to put money in long treasuries

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to finance the government deficit,

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all part of building central control,

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and with the Fed taking interest rates up

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that your bonds go down in value

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as just, and banks can run a negative arbitrage on that portfolio because they have to, as

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interest rates go up, they pay more for deposits and then they have to carry that portfolio.

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So that was one of the issues. So a couple of things that would have weakened the bank,

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but if you look at the run that occurred on that bank, it really did look like a combination

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short sellers and engineered run. Normally, one of the functions of the central bank is

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to help a bank in that position. But we saw, in fact, with the lead banks in the New York

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Fed that own and control the New York Fed engineering the run. So, JPMorgan Chase, a

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big beneficiary of the deposits. And one of the things the Fed did was they essentially

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did a short-term insurance of all the deposits so there was enough time to move them across

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the streets of JPMorgan Chase and other banks.

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So it really did look to me like a predatory run,

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not to say that SVB didn't have weaknesses, but there's still,

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if you look at the unanswered questions,

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there's many unanswered questions on those sort of take downs.

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What was most interesting to me is if you,

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if you look at the problems in the banking system resulting

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from, you know,

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the pump and dump of this blast bubble by the Fed,

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by the shutting down of small business during the pandemic,

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by the engineering of negative arbitrage investment

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portfolios... if you look at all those things,

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the majority of the problems are in the big banks,

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but yet we see the corporate media pushing the idea,

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oh, if you wanna be safe,

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you gotta get your money into a big bank,

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which is quote unquote, systemically important.

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And so there is a real push to consolidate the banking deposits.

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That is very dangerous. We saw the pandemic shut down lots of small business,

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which really harms the resiliency in the economy. It didn't have to happen.

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It was highly, you know, it was, it was disaster capitalism.

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It was economic warfare.

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And now we're seeing a push to shut down or drain the small banks.

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And, and let me explain,

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there is nothing more important to the health of a local economy

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than having lots and lots of small banks and credit unions and savings banks.

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These are a critical component of what creates and builds

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economy in the local area.

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It's fair to say, simplistically,

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the health of your economy is really a multiple

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of your healthy small banks, and that translates into healthy small farms and

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healthy small

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businesses. And often these institutions are the repository of a wealth of financial and

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economic information and skills and expertise in communities, and there's a lot of academic

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work to support this premise. So the last thing you want is consolidating deposits out

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of healthy, capable small banks into criminal enterprises. You know, when I hear, "Move

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your money to a big bank," I hear, "Oh, let's bank with the Russian mafia. Really? Do you

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really want to do that?" Anyway, but even more frightening, and I think this is at the

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root of the crisis, we've seen two things happen. One is the secretary of the treasury

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has said, you know, we will apply the protections we used in this last go-around of essentially

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providing support to the investment portfolio for insuring the uninsured deposits. We will

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provide that support to systemically important banks.

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Now, traditionally, systemic important banks is a category used by the Bank of International

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settlements in Switzerland, which is the central bank of central banks, to denote certain large

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banks, which, from what we can tell, are literally enjoying the extension of sovereign immunity

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and are functioning above the law. There's a wonderful video by John Titus, All the Plenarious

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Men, that go through the HSBC settlement in 2012, led by Eric Holder, a criminal par excellence

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former attorney general of the United States. And,

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and it describes how, uh, how lawless,

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you know,

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the big banks are literally being allowed to break the law and get away with it

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anyway. So, so that's been the traditional definition. What,

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what Yellen has explained in testimony and press conferences is basically

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systemically important as she's using it is that is a,

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is a determination made by her and her secret advisors in a secret process,

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and no one can understand what the rules are, which means there's no law.

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In other words,

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Janet gets to make up who's important and who's not,

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and pick winners and losers in the economy.

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Not just with the injection of the money from the Fed, but now, you know,

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who gets picked off and who gets run and who doesn't.

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Right.

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But would it be fair to say that the banks that they're likely almost very

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likely to define as systemically important are the same banks that in the

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previous financial crisis were labeled too big to fail?

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Right. And who grew tremendously as a result of the largess of the Treasury and

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the Fed. And the problem is, you know,

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I always keep saying crime that pays is crime that stays.

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These are banks that operate in a criminal model.

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So several years ago I had one of our team spend about a month and put together

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a list of all civil and criminal settlements,

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both with enforcement agencies and private litigation on the part of JP Morgan

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Chase. And it's absolutely breathtaking page after page after page.

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And what you realize when anyone reads it,

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you don't need to know anything about the financial system. You realize, Oh,

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this is their business model. This is their business model.

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And if you go through the Madoff case, which you know is, um,

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let me just step back.

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When I was interviewing Helen Chaitman on the Solari report,

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this is one of these breathtaking moments.

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And she explained that Madoff had had for the investment advisory part of this

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business, only one bank account from the mid nineties on at JP Morgan Chase.

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And I said to her, well, Helen, who was the securities custodian? And she said,

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well, there was none because he never bought any securities. And I said, well,

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that means the JP Morgan Chase knew.

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I mean they knew there was no securities purchasing. They knew there was no,

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if no money is being transferred to a securities custodian,

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then they know there's no securities purchasing going on.

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and it turned out that Madoff would leave like $9 billion of deposits at essentially

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no interest at JPMorgan Chase. So this was a tremendous financial boon to them, which

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means they knew. And I said to her, "Helen, don't you understand that JPMorgan Chase was

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the senior partner in the Madoff fraud?" Because without Morgan being willing to transact a

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a Ponzi scheme, Madoff couldn't do it. So, you know,

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we're,

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we're looking at an effort to encourage us to move into

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banks that don't respect the law.

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And now we've got a secretary of treasury saying no law.

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And let me just add one thing.

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The credit squeeze workout happened at the same time in Switzerland

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and the Swiss national bank and the Swiss government

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agreed to protect selected equity holders at the cost of the bondholders. So the senior

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debt or debt that's senior to equity was wiped out, much of which I presume was held by the

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European pension funds, you know, to protect foreign equity investors. And this is an inversion

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of the law. So on both sides of the Atlantic we see by the governments and the central

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bank astonishing inversions of the law on a make-it-up-as-you-go basis. And I think

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more than anything that's what has financial people spooked, because if there's no law,

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then it's only a matter of time till your financial system--you know, you're going to

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have increasing instability. And that's what happens when you centralize control, let alone

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and you centralize control onto people who say, "Oh, well, the law is what we make up today."

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Yeah, so to go back to something you mentioned earlier, about sort of the government response to the

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banking collapses and about how it seemed very odd that these banks were declared insolvent, based on

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uncertain aspects of what was going on there. So there's the signature bank was part of this, right?

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And essentially, it was admitted that the reason it was shuttered was because regulators had a quote,

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crisis and confidence over the leadership of that bank and it related to the leadership of that bank pre-collapse, being unwilling to end their crypto business. So I guess one other potential level to all of this here is sort of the regulatory efforts to bring crypto to heal that we're seeing sort of parallel happening in parallel to some of this other stuff.

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Do you see that being related at all? Because in my previous podcast about that crisis, one of the guests brought up how a signature bank had some sort of payment settlement service called signet, I believe, that was sort of seen as being a potential competitor to FedNow, which we can talk a little bit about later, but do you see sort of the the extreme approach by the government right now as it relates to crypto regulation, which of course, seems to a lot of people have criticized

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as being somewhat arbitrary, in some cases, somewhat illegal.

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Do you see that factoring into some of the recent events that we've seen in

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markets and banks?

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So three of the most unimportant unanswered questions on these,

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the sort of the takedown on signature and SBB happened contiguous with the

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Congress essentially losing control of the narrative on January 6th.

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Yeah.

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And I have a lot of questions about the relationship because I think the money laundering through

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the Ukraine coming back to help rig the election was astonishing in size.

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If I told you what I really thought the total amounts were, you probably wouldn't believe

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me.

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And I think there's real questions about the crypto activities related to FTX and then

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signature back.

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Well, I think it's fair to say FTX's potential role in laundering,

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that Ukraine money and the election stuff and donations to the DNC was

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probably much bigger than just FTX, right?

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Right. Yeah. And so I have serious questions about whether

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or not part of what happened to SVB and Signature was a document grab.

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Okay. Cause, cause, okay. So, so that's number one. Number two,

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We are watching both by the SEC and the Treasury Executive Branch,

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a real push to lock down and control crypto.

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And we're not just seeing it in the United States,

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we're seeing it around the world.

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One of the economies I keep an eye on in terms of regulation is the

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Australia, because they're there. If you want,

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if you want to control the regulation,

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the Australians are brilliant at doing it and doing it very elegantly.

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And if you look at the moves they've made on crypto,

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you know, it was clear that this was going to come in the United States.

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I've always believed that crypto was allowed to blossom as a way of prototyping,

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you know, to help the powers that be figure out how to do CBDC.

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Yeah, a lot of people have made that argument.

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Right. So I'm absolutely convinced that's the case.

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And now the time has come to just flip the wings of either most or all crypto

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other than the things they want to use for the CBDC system.

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or it wouldn't surprise me if they left some of them free, you know,

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for continued purposes.

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There's a variety of purposes the officials can use them for as well. Anyway,

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so there's no doubt most crypto is in the crosshairs,

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but another thing I want to bring up is, um,

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there was enormous prototyping of life sciences and various kinds of biotech and

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bio warfare.

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And another question I have is the extent to which that's

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involved in the portfolio at SDB,

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even possibly in signature and some of the crypto activity.

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So there's some pretty dark stuff being financed and tried now that the

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COVID this phase of the healthcare controls were through sort

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of, you know, the first two innings, uh, a lot of,

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a lot of stuff has been tried and prototyped and I think they know where

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they want to go next. So you want to shut down a lot of those prototypes.

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So whether it's the crypto prototypes or the life sciences and biotech

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prototypes, you know, this is sort of the shutting down of this phase.

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Anyway, there are huge unanswered questions about this, but I think it's

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pretty fair to say, this is part of the move to lock down crypto.

265
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So I want to go back to what you mentioned about a potential tie to the

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collapse of the January 6 narrative. Because I think it's pretty interesting,

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actually, in terms of what you mentioned, the potential for there being a document

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grab here. So apparently Signature Bank had a lot of very tight connections

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financially to Trump and his family, I think also like the Kushner's as well.

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And people like that, which is pretty interesting. And they actually apparently

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stopped that banking relationship when January 6 happened. And that was used as

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justification by Signature Bank to sort of, you know, kick out the Trumps, I

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I guess, but they would ostensibly have a lot of documentation about Trump financial

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activity and you see this whole effort with the whole indictment and all of this, it's

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very possible that there may have been some sort of document grab aimed at, you know,

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if the current effort to keep Trump from running doesn't succeed, it's possible that they might

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dig something up, that signature bank that might be useful to them. Just an interesting

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possibility.

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The other report was when the regulators grabbed SVB. Again, the stock was trading at 100.

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So my guess is the bank was not solvent at all. Central bankers had provided the kind of support they're supposed to in these situations.

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But my understanding from the public report was one of the first things the regulators did was shut off access to documents to the holding company.

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Interesting.

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Yeah, that's pretty astonishing. Remember, the CEO of SVB was on the board of the San

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Francisco Fed and got knocked off when the regulators grabbed the bank. So whatever management

285
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you had there, it was very experienced this season, including a guy who was senior at

286
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Enron. Makes you wonder.

287
00:22:06,080 --> 00:22:11,880
Yeah, for sure. So one thing you brought up earlier, so essentially as you laid out and

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I totally agree with you.

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It was an intentional policy choice by the part of the federal government to push

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depositors to put their money in too big to fail institutions.

291
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So I guess the question is why?

292
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Why would they want their money in banks that as you laid out are extensively

293
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criminal?

294
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So if you look at what I want to do to centralize,

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centralize financial transactions, centralize control of food,

296
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centralize control of politics.

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if you look at all the things I want to do to centralize,

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I need to dramatically consolidate the banking system.

299
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If you know we have 4,000 banks,

300
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most of which are community banks and credit unions, savings banks,

301
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those banks are a great, you know,

302
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along with small business and farms are the bedrock of democracy.

303
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And again and again,

304
00:23:05,360 --> 00:23:10,080
we've seen the Fed try to institute policies and the small bankers rear their

305
00:23:10,100 --> 00:23:15,480
head and just start screaming and they can't do it politically. So, you know, there's no

306
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doubt if you want to go to the tight central control that they want of financial transactions,

307
00:23:20,000 --> 00:23:24,380
let alone some of these other things, you've got to kill the small banks.

308
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Let me just mention, Whitney, we just published some people in Tennessee and some of the state

309
00:23:31,380 --> 00:23:39,340
legislators in several states were interested in getting a memo on why it makes sense for

310
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a state to have a sovereign bank like the Bank of North Dakota. Many states used to

311
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have a sovereign bank that would handle the state's deposits, and for a variety of reasons

312
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they went away. Most states, governments, most state and local governments are highly

313
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dependent on big out-of-state banks, which is not a healthy situation politically. Anyway,

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So they asked us to write a memo, and I sat down and thought about it, and I just said,

315
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"Who's the top banking academic scholar who tells the truth in the world?"

316
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And it's Richard Werner, who is famous for his book on the Japanese central bank, The

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Princes of the Yen.

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Anyway, so I thought, you know, long odds to get Richard to do this, but I approached

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Richard and said, "Richard, will you write a memo for us on why a sovereign state bank

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would be great for Tennessee. And he did. It's up at Solari. It's free. It's public.

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And we're going to use it in the first quarter wrap-up. I have a great interview with him

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coming out next week. And this is a very serious, well-done memo. And it describes in very powerful

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ways, using examples from all around the world, both the U.S. and Europe, why the health of

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a local economy depends entirely on having lots of small financial institutions. It's

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an incredible work, and it represents decades of research by Richard and his colleagues.

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Anyway, so we did, and we just finished delivering it in hard copy here in Tennessee. It's about

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Tennessee, but it relates to any national or regional economy. It applies, and from

328
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reading it, you'll understand why it applies to your state or your country.

329
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And, um, so, so that's why if there's any,

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you know, if there's anything we want to fight for,

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it's for the good local banks. And as I said,

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John Titus just finished doing a study.

333
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We talked about a money markets last week. Um,

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he's just finished doing this thing.

335
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He's about to do a new video on the fact that all the problems are in the big

336
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banks. They're not in the small banks. So don't,

337
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don't let the media scare you out of your good local bank and head into a

338
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criminal bank. Don't do that.

339
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So I guess I'm talking about bank consolidation.

340
00:26:00,280 --> 00:26:02,340
How far do you see this going and how quickly?

341
00:26:02,340 --> 00:26:06,400
Because I think late last month you have former BlackRock fund manager Edward

342
00:26:06,400 --> 00:26:07,240
Dowd.

343
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He was claiming that by 2025 there will be only six banks left standing in the

344
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U.S. What are your thoughts about that?

345
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I'm not a great believer in prophecy.

346
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So, you know, do I think that's what Yellen and Powell would love to do?

347
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You know, is that what,

348
00:26:28,200 --> 00:26:33,140
is Jamie Dimon trying to get down to six banks? You know,

349
00:26:33,140 --> 00:26:36,080
probably, you know, are we going to let him,

350
00:26:36,080 --> 00:26:39,320
I'm not willing to bet against myself. You know, my,

351
00:26:39,320 --> 00:26:42,200
I had used to have a wonderful colleague who would say,

352
00:26:42,200 --> 00:26:46,580
our circumstances are far too dire for the luxury of realism.

353
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So, you know, I'm betting, uh,

354
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cause what I'm seeing in just my world and wandering around Tennessee on this

355
00:26:56,760 --> 00:27:00,640
trip, more and more people are using cash, more and more people.

356
00:27:00,640 --> 00:27:05,360
I've talked to several small bankers whose deposits are going up. So,

357
00:27:05,360 --> 00:27:07,920
you know, people are smart.

358
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And so I'm not willing to bet that it's six banks because if it's six banks,

359
00:27:12,480 --> 00:27:16,280
you know, we're talking about the end of human liberty.

360
00:27:17,980 --> 00:27:20,900
It's really interesting status to just put up a chart.

361
00:27:20,900 --> 00:27:23,620
The status are visual capitalists, one of them.

362
00:27:23,620 --> 00:27:28,540
And it showed you what percentage of a population in different countries

363
00:27:28,540 --> 00:27:31,700
did all their borrowing from financial institutions.

364
00:27:31,700 --> 00:27:35,660
And if you look at it, when you'll take your breath away, because it's,

365
00:27:35,660 --> 00:27:36,280
you know,

366
00:27:36,280 --> 00:27:40,980
the pandemic was always worse in the countries where everybody was dependent on

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00:27:40,980 --> 00:27:44,340
the financial institutions and what I had never realized, you know,

368
00:27:44,340 --> 00:27:48,540
what the number one country that had the highest percentage of,

369
00:27:48,540 --> 00:27:52,980
of loans, not from friends and family and, you know, local businesses,

370
00:27:52,980 --> 00:27:56,220
but loans from big financial institutions, you know what number one was?

371
00:27:56,220 --> 00:28:01,820
Canada. Well guess where they shut down the truckers. Right.

372
00:28:01,820 --> 00:28:07,140
Right. So, so I don't know this, as I said, this is a war.

373
00:28:07,140 --> 00:28:11,260
There's a war between those who wish to centralize and those who decentralize,

374
00:28:11,940 --> 00:28:16,820
you know, and there's a war going on between those who, uh,

375
00:28:16,820 --> 00:28:17,180
you know,

376
00:28:17,180 --> 00:28:20,540
want to control the market share versus the other guys at the top who want to

377
00:28:20,540 --> 00:28:23,380
control the market share. So we got these two wars going on.

378
00:28:23,380 --> 00:28:28,660
And it's my hope that the guys at the top kill each other

379
00:28:28,660 --> 00:28:32,940
and the rest of us can call back enough market share so we don't let this

380
00:28:32,940 --> 00:28:36,780
happen. So I'm not, I'm, you know,

381
00:28:36,780 --> 00:28:41,380
I think things are much more complicated, uh, at,

382
00:28:41,780 --> 00:28:44,720
at sort of the grassroots than Ed does.

383
00:28:44,720 --> 00:28:46,280
You know,

384
00:28:46,280 --> 00:28:51,280
one of the things that's been the hardest and most frustrating for people who

385
00:28:51,280 --> 00:28:56,280
want to protect freedom is that the state and local legislators have always

386
00:28:56,280 --> 00:28:58,840
gone along with the feds. The feds always buy them.

387
00:28:58,840 --> 00:29:00,500
They throw a lot of money at the states.

388
00:29:00,500 --> 00:29:03,840
They throw a lot of money at the local areas.

389
00:29:03,840 --> 00:29:06,320
And for the first time in my life,

390
00:29:06,320 --> 00:29:11,360
I'm beginning to see groups of very capable state legislators come together and

391
00:29:11,420 --> 00:29:17,820
say, "Wait a minute, these guys want to control us." And this federal money is draining us,

392
00:29:17,820 --> 00:29:22,500
it's not helping us, it's draining us, because it comes with rules and conditions, it gets

393
00:29:22,500 --> 00:29:29,980
us dependent on the Fed. And so we're starting to see groups of state legislatures who are

394
00:29:29,980 --> 00:29:35,900
backed up by the Constitution, they have the constitutional powers behind them to take action.

395
00:29:35,900 --> 00:29:42,900
The question is, can they do it? I'm not ready to concede that the criminals are going to win.

396
00:29:42,900 --> 00:29:50,900
Yeah, I think I have a really similar view to that. I mean, basically I don't think these guys can really succeed in a lot of their plans and ambitions,

397
00:29:50,900 --> 00:29:58,900
and I think a lot of people in independent media treat their ambitions like it's a done deal, you know, and I don't really agree with that either.

398
00:29:58,900 --> 00:30:03,900
My concern is how much damage do we let the powers that be do before, you know,

399
00:30:03,900 --> 00:30:08,260
their plans ultimately collapse around them? Right.

400
00:30:08,260 --> 00:30:13,460
Right now we're letting them do huge damage. Since 19,

401
00:30:13,460 --> 00:30:16,860
you know, I left the Bush administration thinking it was an emergency.

402
00:30:16,860 --> 00:30:22,180
That was 1991. So they have done huge damage.

403
00:30:22,180 --> 00:30:25,780
The financial coup starting in 1998 has done huge damage.

404
00:30:26,220 --> 00:30:29,940
The one thing I will say, the reason I continue to be an optimist,

405
00:30:29,940 --> 00:30:36,060
if you look at how much centralizing control has shrunk the economic buy,

406
00:30:36,060 --> 00:30:39,060
it's astonishing.

407
00:30:39,060 --> 00:30:44,180
And if we can find our way to a model that will optimize,

408
00:30:44,180 --> 00:30:50,140
you know, sort of human productivity and an economic productivity,

409
00:30:50,140 --> 00:30:54,100
the wealth potential is fantastic. And you know,

410
00:30:54,100 --> 00:30:56,300
One reason if you're the top guys,

411
00:30:56,300 --> 00:30:59,780
you want to consolidate the way they're consolidating one,

412
00:30:59,780 --> 00:31:04,240
you want to protect yourself on risk because once everybody figures out what

413
00:31:04,240 --> 00:31:07,120
you've done and how much you've stolen, you know, people are going to be mad.

414
00:31:07,120 --> 00:31:10,260
So they're trying to protect themselves from the pitchforks. Number one.

415
00:31:10,260 --> 00:31:11,120
But number two,

416
00:31:11,120 --> 00:31:16,340
if you look at what breakthrough energy technology can do in terms of optimizing

417
00:31:16,340 --> 00:31:21,300
wealth, it's unbelievable, you know, and they are pigs.

418
00:31:21,640 --> 00:31:26,280
They want to control that and they want to risk management that all to their

419
00:31:26,280 --> 00:31:29,040
benefit. And the problem is once you,

420
00:31:29,040 --> 00:31:32,760
that once that technology gets applied and the wealth starts being created,

421
00:31:32,760 --> 00:31:37,720
you know, the general population is going to push for meritocracy.

422
00:31:37,720 --> 00:31:41,760
And if meritocracy determines who leads, they're out.

423
00:31:41,760 --> 00:31:45,400
So, so this for them is survival.

424
00:31:45,400 --> 00:31:47,280
Yeah. I mean,

425
00:31:47,280 --> 00:31:50,920
I think I would argue that's part of why we're seeing this change to,

426
00:31:50,920 --> 00:31:55,680
or this push to basically redefine what money and the economy and all of this is

427
00:31:55,680 --> 00:31:57,400
with the move to the CBDC because you know,

428
00:31:57,400 --> 00:32:01,520
once people figure out how they've been screwed essentially for so long and

429
00:32:01,520 --> 00:32:04,880
looted, you know, like you said, the pitchforks.

430
00:32:04,880 --> 00:32:07,760
And the only way they can really avoid the pitchforks is moving to this new

431
00:32:07,760 --> 00:32:11,260
paradigm where they can keep the people with the pitchforks totally under

432
00:32:11,260 --> 00:32:16,260
control and surveillance and not have to worry about losing what they've looted

433
00:32:16,840 --> 00:32:17,680
essentially. Right.

434
00:32:17,680 --> 00:32:22,200
And the clever thing they've done is until they can get to total control of

435
00:32:22,200 --> 00:32:23,040
transactions,

436
00:32:23,040 --> 00:32:27,480
they're using healthcare as the way to build the control so they don't have

437
00:32:27,480 --> 00:32:31,640
complete control through the financial system and they don't want to be obvious

438
00:32:31,640 --> 00:32:34,440
that it's the financial system because then everybody's going to go after the

439
00:32:34,440 --> 00:32:35,260
central bankers.

440
00:32:35,260 --> 00:32:40,680
So they've been very clever about using healthcare to engineer their economic

441
00:32:40,680 --> 00:32:45,640
warfare and play their games. It's very clever. Yeah. Well,

442
00:32:45,640 --> 00:32:48,640
it's something that's definitely been concerning to me is that, you know,

443
00:32:48,640 --> 00:32:50,440
I've talked a lot about in my past work,

444
00:32:50,440 --> 00:32:52,140
how essentially Silicon Valley,

445
00:32:52,140 --> 00:32:56,120
big tech and the national security state are fused.

446
00:32:56,120 --> 00:32:59,640
They're essentially the same thing. And now you have that blob,

447
00:32:59,640 --> 00:33:02,840
I guess you could call it nominally through big tech,

448
00:33:02,840 --> 00:33:05,760
making all of these joint ventures with big pharma,

449
00:33:05,760 --> 00:33:08,240
whether it's Pfizer or GlaxoSmithKline,

450
00:33:08,240 --> 00:33:13,880
and they're all pushing for these wearables or nanotechnologies and, um,

451
00:33:13,920 --> 00:33:18,440
you know, things that as they say, modulate your central nervous system, right?

452
00:33:18,440 --> 00:33:23,160
So, you know, there's a big effort to get a lot of this excessive,

453
00:33:23,160 --> 00:33:27,360
the most invasive really of the control, um, you know,

454
00:33:27,360 --> 00:33:31,920
grid technology into people under the guise of it being all about

455
00:33:31,920 --> 00:33:33,640
healthcare, oddly enough.

456
00:33:33,640 --> 00:33:38,400
They're looking to change and control your mind and your body with that,

457
00:33:38,400 --> 00:33:42,360
with no informed consent whatsoever. Yeah. It's astonishing.

458
00:33:43,320 --> 00:33:46,400
when I say these people are psychopaths, they truly are psychopaths.

459
00:33:46,400 --> 00:33:50,320
Yeah. And it's amazing how people will fall for it. And again, I think it's,

460
00:33:50,320 --> 00:33:51,800
you know, I see a lot of,

461
00:33:51,800 --> 00:33:56,960
a lot of this only really being possible because of how the role of the

462
00:33:56,960 --> 00:33:59,080
smartphone, I guess you could say in people's lives,

463
00:33:59,080 --> 00:34:03,880
people have become so acclimatized to having a device around them

464
00:34:03,880 --> 00:34:07,920
constantly that they can't live without. And so the powers that be, I think,

465
00:34:07,920 --> 00:34:11,600
see it as a very easy segue at this point in time,

466
00:34:11,960 --> 00:34:13,040
to basically be like, well,

467
00:34:13,040 --> 00:34:17,160
now we're just going to put the smartphone in you or on you, right?

468
00:34:17,160 --> 00:34:20,600
And look how much more convenient it will be for you.

469
00:34:20,600 --> 00:34:24,100
You won't have to worry about leaving your phone behind or whatever now that you

470
00:34:24,100 --> 00:34:25,200
can't live without it.

471
00:34:25,200 --> 00:34:29,800
We have an article called I want to stop CBDCs. What can I do?

472
00:34:29,800 --> 00:34:33,440
You can just pick it up on a search. Just put CBDCs in it, it's Larry.

473
00:34:33,440 --> 00:34:38,320
And number 11, it's a long list of things everybody can do,

474
00:34:38,340 --> 00:34:42,740
but number 11 is to educate your family and friends.

475
00:34:42,740 --> 00:34:44,820
And we pick out six of the best videos,

476
00:34:44,820 --> 00:34:48,660
a lot of them real short that will show you how nuts this is.

477
00:34:48,660 --> 00:34:52,860
And one of them is Richard Werner at a conference in Malmo,

478
00:34:52,860 --> 00:34:55,860
Sweden last May, May, 2022,

479
00:34:55,860 --> 00:34:59,780
talking about how one of the executive directors who runs one of the central

480
00:34:59,780 --> 00:35:02,900
banks of Europe saying, you know, CBDC is going to be a chip.

481
00:35:02,900 --> 00:35:06,620
We're going to put it in your hand. So they're, they're telling people.

482
00:35:07,900 --> 00:35:13,840
Yeah, man, unsettling stuff, but it's just unfortunate how far gone some people

483
00:35:13,840 --> 00:35:19,500
are. You know, Off Guardian had a really great article about smartphones. I

484
00:35:19,500 --> 00:35:23,220
forget exactly what the title was, but it was out a few weeks ago, and we'll put

485
00:35:23,220 --> 00:35:26,660
it in the show notes for people to read. But essentially, what it said is people,

486
00:35:26,660 --> 00:35:31,660
you know, if you can't imagine living your life without the smartphone, then

487
00:35:31,660 --> 00:35:36,920
you've essentially already been enslaved by the system. The fact that you can't

488
00:35:36,920 --> 00:35:42,900
go without it because they argue, the author argues in this piece that it's really the

489
00:35:42,900 --> 00:35:49,520
carrot to try and herd people into I guess the corral of digital enslavement. So for

490
00:35:49,520 --> 00:35:54,980
example here in Chile even though COVID's over and all this stuff, you can't really

491
00:35:54,980 --> 00:36:00,160
go to a restaurant unless you scan a QR code and I refuse to do it but what happens is

492
00:36:00,160 --> 00:36:04,320
that the waitress or waiter will be like "okay we'll just use my phone to scan it here"

493
00:36:04,320 --> 00:36:07,160
You know, they don't have physical menus anymore.

494
00:36:07,160 --> 00:36:10,840
So like, okay, if you want to go out to eat, now you have to have your smartphone with

495
00:36:10,840 --> 00:36:11,840
you at all times.

496
00:36:11,840 --> 00:36:13,200
It's so funny.

497
00:36:13,200 --> 00:36:18,700
The first time a restaurant did that to me in the Netherlands, I walked in and they said,

498
00:36:18,700 --> 00:36:20,960
you know, we need your QR code.

499
00:36:20,960 --> 00:36:22,120
And I said, I don't have one.

500
00:36:22,120 --> 00:36:24,400
And they said, we need, you know, don't you have a smartphone?

501
00:36:24,400 --> 00:36:27,080
I said, you know, I don't have one with me.

502
00:36:27,080 --> 00:36:28,080
And they said, well, you can't come in.

503
00:36:28,080 --> 00:36:33,560
And the first thing I thought with me was, I wonder what they're putting in the food.

504
00:36:33,560 --> 00:36:38,720
And I realized, this is a good thing. This is a way of screening,

505
00:36:38,720 --> 00:36:41,320
you know, this is a way of filtering restaurants.

506
00:36:41,320 --> 00:36:46,720
Yeah. But what concerns me, right, and what this article argued is that,

507
00:36:46,720 --> 00:36:46,920
you know,

508
00:36:46,920 --> 00:36:50,880
people that can't imagine themselves living outside of that paradigm have

509
00:36:50,880 --> 00:36:53,000
essentially already been lost to the system.

510
00:36:53,000 --> 00:36:55,920
And I thought that was a really powerful way of conveying it.

511
00:36:55,920 --> 00:37:00,120
We just covered a story on money in markets this week.

512
00:37:01,840 --> 00:37:06,760
it was an article about how the sales of smartphones are falling

513
00:37:06,760 --> 00:37:11,540
and the sales of dumb phones are rising. And believe it or not,

514
00:37:11,540 --> 00:37:17,220
the greatest increase is in, they said generation Z.

515
00:37:17,220 --> 00:37:21,940
So it's the younger consumers who are preferring

516
00:37:21,940 --> 00:37:22,780
dumb phones.

517
00:37:22,780 --> 00:37:27,220
And I thought that was a very sort of piece of good news.

518
00:37:27,220 --> 00:37:31,420
Yeah, definitely sounds like it to me. Um, but you know, I mean,

519
00:37:31,420 --> 00:37:38,660
And so my problem initially, and I was a very late adopter of the smartphone.

520
00:37:38,660 --> 00:37:43,300
I didn't have one until I think mid-2017 and it was because my former employer Mint Press

521
00:37:43,300 --> 00:37:49,540
News essentially required me to get one for work.

522
00:37:49,540 --> 00:37:52,940
And I ended up using it mainly as like an alarm clock, right?

523
00:37:52,940 --> 00:37:57,500
And it's actually really hard to find other regular types of alarm clocks here in Chile

524
00:37:57,500 --> 00:37:58,500
now.

525
00:37:58,500 --> 00:38:03,100
got one when I was in in the States last year and now I'm like, yay

526
00:38:03,100 --> 00:38:08,360
I don't really have to worry about this thing anymore and it's it's nice to sort of go back to the

527
00:38:08,360 --> 00:38:12,140
Times of before I guess in a sense, but at the same time, you know

528
00:38:12,140 --> 00:38:14,960
I really do worry that some people have just become so

529
00:38:14,960 --> 00:38:22,720
Accustomed to it and that and and that there's sort of this unwillingness to live without it that I see in in people

530
00:38:22,720 --> 00:38:26,280
Regardless of their awareness of what the agenda is and you know

531
00:38:26,280 --> 00:38:31,060
I've known people that are very aware and still very much unwilling to live

532
00:38:31,060 --> 00:38:35,140
their life without big tech and things like that.

533
00:38:35,140 --> 00:38:38,100
And then there's people that don't really know anything and are the same and,

534
00:38:38,100 --> 00:38:38,540
you know,

535
00:38:38,540 --> 00:38:42,780
it dominates socialization and so many other facets of our lives for people.

536
00:38:42,780 --> 00:38:45,820
And I don't know, I mean, I do think it is a really key point,

537
00:38:45,820 --> 00:38:48,780
as this off guardian article pointed out.

538
00:38:48,780 --> 00:38:52,860
So if you do a search at Solari, just put it in mind control,

539
00:38:52,860 --> 00:38:57,140
you'll pick up a collection of links called mind control tactics used on young

540
00:38:57,140 --> 00:39:01,140
people and everyone else. And I'm a great believer.

541
00:39:01,140 --> 00:39:02,820
We've spent a lot of time on this.

542
00:39:02,820 --> 00:39:07,820
I think the number one obstacle between us and preserving freedom is surveillance

543
00:39:07,820 --> 00:39:10,420
and mind control technology.

544
00:39:10,420 --> 00:39:16,140
And essentially there is a real push including smartphones are a big part of it

545
00:39:16,140 --> 00:39:21,340
to get us to resonate with the cell towers instead of with life,

546
00:39:21,900 --> 00:39:28,620
with the, I would call it the divine intelligence. Oriconner and I just did an incredible interview

547
00:39:28,620 --> 00:39:36,560
about all of this and the relationship between this and CBDC is called the economy of the

548
00:39:36,560 --> 00:39:43,540
energy body, because I think what they're trying to do is essentially control our electromagnetic

549
00:39:43,540 --> 00:39:50,140
body. And it's both the invisible part of our body, some people call it the aura, the

550
00:39:50,140 --> 00:39:52,860
invisible part of our body, the energetic part of our body,

551
00:39:52,860 --> 00:39:56,300
as well as our intelligence and our ability to share intelligence with others.

552
00:39:56,300 --> 00:39:59,580
So Ulrich runs our Future Science series,

553
00:39:59,580 --> 00:40:04,500
and I would really recommend it to you because it gets into,

554
00:40:04,500 --> 00:40:09,860
you know, some of the most high-tech, invasive, invisible forms of control,

555
00:40:09,860 --> 00:40:12,020
which I think are very, very serious.

556
00:40:12,020 --> 00:40:15,860
And so I think you're dead right on everything you're saying. We, we,

557
00:40:15,860 --> 00:40:17,300
at Solire events,

558
00:40:17,300 --> 00:40:22,020
we require that you leave your smartphone in the car or outside and we bring big

559
00:40:22,020 --> 00:40:26,700
Faraday bags. So if you won't, we, you know, we tag it and put it in a Faraday bag.

560
00:40:26,700 --> 00:40:31,380
And we, it's amazing because we will send emails out saying, you know,

561
00:40:31,380 --> 00:40:34,940
this is it and you can't bring it in. So leave it in the car, you know,

562
00:40:34,940 --> 00:40:37,060
leave it elsewhere, blah, blah, blah. But,

563
00:40:37,060 --> 00:40:41,180
but the people who run the desk and the entrance end up having wars with people

564
00:40:41,180 --> 00:40:45,180
who will not let it go because there's a physical addiction. Scary.

565
00:40:45,540 --> 00:40:49,020
Yeah. So I think, you know, and I've said in some recent interviews that I think,

566
00:40:49,020 --> 00:40:49,520
you know,

567
00:40:49,520 --> 00:40:53,700
we have to view a lot of the work that needs to be done to resist this agenda,

568
00:40:53,700 --> 00:40:57,100
not just as, well, a lot of people view it through certain terms,

569
00:40:57,100 --> 00:41:01,460
but I think a key part of it also is sort of having a mental revolution among

570
00:41:01,460 --> 00:41:03,260
people. And a lot of it is, you know,

571
00:41:03,260 --> 00:41:08,100
failing to fall into the fear trap because that's basically, you know, you know,

572
00:41:08,100 --> 00:41:10,140
there's a carrot and a stick, right?

573
00:41:10,140 --> 00:41:13,620
That these guys are used to hurt us just like we were livestock. Right. Right.

574
00:41:13,660 --> 00:41:16,100
And to me, the carrot is almost always convenience.

575
00:41:16,100 --> 00:41:18,460
And the stick is almost always fear.

576
00:41:18,460 --> 00:41:21,340
And I feel like the convenience carrot thing

577
00:41:21,340 --> 00:41:23,460
is so centered almost all of the time,

578
00:41:23,460 --> 00:41:25,260
at least what we've seen with COVID, right,

579
00:41:25,260 --> 00:41:29,580
around the smartphone as like a key vehicle for that.

580
00:41:29,580 --> 00:41:34,100
So, you know, one part of it is the mental rejection

581
00:41:34,100 --> 00:41:35,460
of the fear tactics.

582
00:41:35,460 --> 00:41:37,580
And I think some people have made good progress in that,

583
00:41:37,580 --> 00:41:39,660
especially, you know, after the COVID crisis, you know,

584
00:41:39,660 --> 00:41:42,140
maybe people fell into the fear initially,

585
00:41:42,140 --> 00:41:45,700
but we're able to sort of realize a lot of the tactics that were being used and

586
00:41:45,700 --> 00:41:50,020
maybe may not be as susceptible, um, a second time. I mean, who knows really,

587
00:41:50,020 --> 00:41:52,460
but you know, I've seen people make progress there,

588
00:41:52,460 --> 00:41:56,060
but not necessarily on the other front where they've become so mentally

589
00:41:56,060 --> 00:42:00,780
conditioned to convenience and also mentally conditioned to having the smartphone,

590
00:42:00,780 --> 00:42:03,620
um, as you know, sort of an appendage, I guess,

591
00:42:03,620 --> 00:42:07,820
in a sense and with them constantly like a security blanket for some people,

592
00:42:07,820 --> 00:42:11,100
I guess, and there's this extreme mental resistance to letting it go.

593
00:42:11,420 --> 00:42:14,500
So I think, you know, people need to be looking at, you know,

594
00:42:14,500 --> 00:42:16,780
at both of those metrics, I guess,

595
00:42:16,780 --> 00:42:20,460
about how you're going to keep both the carrot and the stick from,

596
00:42:20,460 --> 00:42:25,420
from hurting you around and controlling you in a way that you don't necessarily

597
00:42:25,420 --> 00:42:26,460
want to be controlled.

598
00:42:26,460 --> 00:42:28,940
Well, there's something else I'm reading, um,

599
00:42:28,940 --> 00:42:33,680
a wonderful book that was published posthumously with the help of Nick Cook

600
00:42:33,680 --> 00:42:37,900
about Ingo Swann's, uh, it's called "Resurrecting Mysterious".

601
00:42:38,900 --> 00:42:41,220
was one of the leading remote viewers and,

602
00:42:41,220 --> 00:42:46,540
and he's trying in this book to create a framework for the parts of our

603
00:42:46,540 --> 00:42:49,760
reality that are invisible to the naked eye.

604
00:42:49,760 --> 00:42:54,180
And again, it's called a resurrecting mysterious.

605
00:42:54,180 --> 00:42:58,780
And one of the things that Swan has documented throughout his whole career is,

606
00:42:58,780 --> 00:43:02,460
you know, we, we really are powerful.

607
00:43:02,460 --> 00:43:07,700
We have very powerful intelligence and which can be much more powerful than we

608
00:43:07,700 --> 00:43:10,660
more powerful than we are trained to use and know.

609
00:43:10,660 --> 00:43:16,220
And I think a lot of these techniques like using smartphones to

610
00:43:16,220 --> 00:43:20,180
manipulate and control people are really shutting them off,

611
00:43:20,180 --> 00:43:23,460
shutting us off from accessing that power.

612
00:43:23,460 --> 00:43:27,100
And one of the reasons you want to get rid of all this stuff and not let it

613
00:43:27,100 --> 00:43:29,340
control you is, you know,

614
00:43:29,340 --> 00:43:34,060
now is the time in our history to find our real power and,

615
00:43:34,060 --> 00:43:35,860
and apply that real power.

616
00:43:35,860 --> 00:43:40,620
And so there's an enormous opportunity if you can back yourself individually

617
00:43:40,620 --> 00:43:41,700
outside, you know,

618
00:43:41,700 --> 00:43:46,300
get out of the control grid and get out of the control grid because you don't

619
00:43:46,300 --> 00:43:50,260
want to be manipulated by others. You want to build and access your own power.

620
00:43:50,260 --> 00:43:52,540
So part of it is getting out of the control grid.

621
00:43:52,540 --> 00:43:56,500
But the other thing is understanding there's an extraordinary opportunity to

622
00:43:56,500 --> 00:43:57,820
build your power if you do.

623
00:43:57,820 --> 00:44:01,020
Yeah, I think that's a part of what you brought up there.

624
00:44:01,020 --> 00:44:05,020
I want to touch on for a second before we go back to finance stuff.

625
00:44:05,020 --> 00:44:10,620
this idea of how this technology has sort of

626
00:44:10,620 --> 00:44:14,380
rid us in a sense of a lot of our abilities and our power

627
00:44:14,380 --> 00:44:19,340
mentally. Because I was talking about this when discussing

628
00:44:19,340 --> 00:44:23,580
ChatGPT a while ago. So I sort of started off explaining like

629
00:44:23,580 --> 00:44:26,620
if you think about the advent of the smartphone people just became

630
00:44:26,620 --> 00:44:29,900
really used to having the calculator always there

631
00:44:29,900 --> 00:44:33,420
through the smartphone, right? So like no one does mental math anymore and it's

632
00:44:33,420 --> 00:44:37,980
really hard for a lot of people to do mental math now. It certainly is for me

633
00:44:37,980 --> 00:44:42,500
compared to when I was in grade school, but you know, in my defense, I'm more of

634
00:44:42,500 --> 00:44:46,980
a writing person and never really been a math person. But you know, I mean, it's

635
00:44:46,980 --> 00:44:50,380
true for a lot of people anyway, the whole idea if you don't use it, you lose

636
00:44:50,380 --> 00:44:55,200
it. I think that's definitely true in the more of these handy tools and apps on

637
00:44:55,200 --> 00:44:58,820
the smartphone, we become dependent on that for these abilities, and we stop

638
00:44:58,820 --> 00:45:02,420
losing it because of the convenience of having it right there on the smartphone,

639
00:45:02,420 --> 00:45:07,020
right? And then we're not using our brains as much as we were before.

640
00:45:07,020 --> 00:45:09,700
And this whole chat GPT thing I sort of see is, you know,

641
00:45:09,700 --> 00:45:12,540
they were talking about, Oh, well, um, now people,

642
00:45:12,540 --> 00:45:17,460
a lot of the content on the internet is going to be written by generative AI

643
00:45:17,460 --> 00:45:21,460
like this. And people in school aren't going to be writing their papers anymore.

644
00:45:21,460 --> 00:45:25,060
They're going to be using chat GPT to generate essays and all of this stuff.

645
00:45:25,060 --> 00:45:28,340
So now, you know, the more people that rely on that, you know,

646
00:45:28,360 --> 00:45:32,720
potentially we could just lose our ability to write and effectively communicate

647
00:45:32,720 --> 00:45:37,120
by outsourcing it to this quote unquote convenient technology that

648
00:45:37,120 --> 00:45:41,460
generates paragraphs and essays much faster than we can. Right. So.

649
00:45:41,460 --> 00:45:43,400
Right. And I'll tell you,

650
00:45:43,400 --> 00:45:46,560
I spent a lot of time when I was an investment advisor,

651
00:45:46,560 --> 00:45:49,120
sort of helping people clean up from financial fraud.

652
00:45:49,120 --> 00:45:53,760
And one of the things clearly that was helping, you know,

653
00:45:53,760 --> 00:45:58,120
engineer and implement the financial fraud was people not thinking

654
00:45:58,120 --> 00:46:02,460
mathematically. They sort of diminished their ability to think mathematically

655
00:46:02,460 --> 00:46:06,760
and look at things mathematically, but also they were being worked by

656
00:46:06,760 --> 00:46:10,580
entrainment technology and subliminal programming through the phones. You

657
00:46:10,580 --> 00:46:15,440
know, I'll just say it flat out. So whether it was consumer purchases or,

658
00:46:15,440 --> 00:46:21,480
you know, paying significantly more, a lot of the precious metal scams used

659
00:46:22,240 --> 00:46:27,440
entrainment technology, private equity, private REITs use technology.

660
00:46:27,440 --> 00:46:31,600
So, you know, that's why you want to absolutely think mathematically.

661
00:46:31,600 --> 00:46:35,920
And I always tell people before they make a really important financial decision,

662
00:46:35,920 --> 00:46:40,520
whether it's an investment or purchase, you know, turn off all your media, you

663
00:46:40,520 --> 00:46:46,400
know, do the numbers with a number two pencil and a piece of paper and, uh, you

664
00:46:46,400 --> 00:46:51,120
know, go hug a tree, you know, spend some time in nature and then sleep on it

665
00:46:51,480 --> 00:46:55,340
before you turn it, you know, then make your decision before you turn on any media.

666
00:46:55,340 --> 00:46:57,660
Yeah, I think that's some good advice. Um,

667
00:46:57,660 --> 00:47:01,980
because I don't know the more people become dependent on technology for all of

668
00:47:01,980 --> 00:47:05,540
the stuff. Again, you know, if you don't, if you don't use it, you lose it.

669
00:47:05,540 --> 00:47:06,420
And I mean,

670
00:47:06,420 --> 00:47:10,780
I don't know how much more stuff we can really stand to lose at this point. Um,

671
00:47:10,780 --> 00:47:14,060
so, um, well I really enjoyed that tangent,

672
00:47:14,060 --> 00:47:17,700
but I'm for the purpose of talking about financial stuff there is,

673
00:47:17,700 --> 00:47:21,340
there are some other things I wanted to get into. And one of those things, uh,

674
00:47:21,380 --> 00:47:28,120
was the whole role that the Federal Reserve is playing in all of this. So we mentioned

675
00:47:28,120 --> 00:47:34,000
FedNow earlier and I want to touch on that. Before we get to FedNow and what it is and

676
00:47:34,000 --> 00:47:38,580
what people should know about it, maybe we could talk a little bit about what you see

677
00:47:38,580 --> 00:47:45,480
the Fed as likely to do over the course of the relatively short term. Can the can be

678
00:47:45,480 --> 00:47:52,440
kick down the road much longer and what's likely to happen in the coming months as it

679
00:47:52,440 --> 00:47:54,080
relates to this financial crisis.

680
00:47:54,080 --> 00:48:01,240
So the Fed's in a tricky position in multiple ways because it's unleashed tremendous inflation,

681
00:48:01,240 --> 00:48:03,640
and the question is how you manage that.

682
00:48:03,640 --> 00:48:12,300
The first and most important job the Fed has is to manage the US dollar as both a major

683
00:48:12,300 --> 00:48:16,620
trading vehicle as well as the reserve currency around the world.

684
00:48:16,620 --> 00:48:23,340
And I think the Fed is going to give number one priority to protecting its position internationally,

685
00:48:23,340 --> 00:48:27,760
and that means high interest rates, even higher interest rates than where we are now.

686
00:48:27,760 --> 00:48:33,020
But whatever they have to do to protect their Fed, you know, their global position, they

687
00:48:33,020 --> 00:48:34,020
will do.

688
00:48:34,020 --> 00:48:38,440
Now, some of that comes down to what the military can and cannot do, you know, and that's very

689
00:48:38,440 --> 00:48:45,440
hard to discern and get really reliable intelligence on. But I think the Fed is going to play a

690
00:48:45,440 --> 00:48:52,640
rough game. There are people who expect the Fed to back off and do more QE. I think they're

691
00:48:52,640 --> 00:48:58,100
going to have to be tough on inflation to play the international game. So that's number

692
00:48:58,100 --> 00:49:05,100
one. But number two, there are numerous players within the Fed system who are not enthusiastic

693
00:49:05,240 --> 00:49:11,360
about the dangers of CBDC. So we saw the president of the Minneapolis Fed recently, and this

694
00:49:11,360 --> 00:49:18,000
is in the videos I described that are at number 11 in our article, "I Want to Stop CBDCs,

695
00:49:18,000 --> 00:49:22,560
What Can We Do?" You have the president of the Minneapolis Fed saying the only reason

696
00:49:22,560 --> 00:49:28,540
to do CBDCs is for central control and to have complete surveillance on anybody, and

697
00:49:28,540 --> 00:49:33,960
I don't see why any Americans would ever let this happen. So there are a lot of people

698
00:49:33,960 --> 00:49:37,380
who work in the Fed system and in the banking system who don't want to be

699
00:49:37,380 --> 00:49:40,900
slaves, you know, and they understand the risks of where this is going.

700
00:49:40,900 --> 00:49:44,700
Another problem the Fed has is, you know, as I said,

701
00:49:44,700 --> 00:49:47,660
I wouldn't do any of this until I brought in the guns.

702
00:49:47,660 --> 00:49:50,740
And so I think they're slow walking, you know,

703
00:49:50,740 --> 00:49:53,580
they've been slow walking some of the centralization,

704
00:49:53,580 --> 00:49:55,440
except what they're doing with Fed now.

705
00:49:55,440 --> 00:50:00,260
So I think there's a lot of ambivalence in the Fed system.

706
00:50:00,260 --> 00:50:04,940
The last reason is the Fed has, unfortunately,

707
00:50:04,940 --> 00:50:09,940
from 1998 on, played too fast and furious,

708
00:50:09,940 --> 00:50:13,940
in my opinion, with the Bank of International Settlements.

709
00:50:13,940 --> 00:50:16,240
And their danger is, of course,

710
00:50:16,240 --> 00:50:21,240
if you go to an all-digital financial system,

711
00:50:21,240 --> 00:50:24,740
there is a danger that the Eurodollar market and the BIS

712
00:50:24,740 --> 00:50:27,140
could end up controlling the Fed.

713
00:50:27,140 --> 00:50:29,880
So how can the Fed implement this technology

714
00:50:29,880 --> 00:50:34,100
without ending up being a victim of central control. Big question.

715
00:50:34,100 --> 00:50:37,380
As I said, they're rolling out FedNow.

716
00:50:37,380 --> 00:50:41,220
There's a website at the Fed on the FedNow system.

717
00:50:41,220 --> 00:50:45,060
They've been sort of working on this since 2020, you know,

718
00:50:45,060 --> 00:50:49,260
so they started this Whitney, uh, when they started the going direct reset.

719
00:50:49,260 --> 00:50:53,820
And what FedNow will do is allow payment,

720
00:50:53,820 --> 00:50:57,340
the payment system to operate 24 hours a day, seven days a week.

721
00:50:57,900 --> 00:51:01,500
So much faster wiring and transferring of money.

722
00:51:01,500 --> 00:51:06,860
But what that potentially means is it's much easier to run a

723
00:51:06,860 --> 00:51:11,060
bank. I mean, you, you leave, you go home on Friday, you know,

724
00:51:11,060 --> 00:51:15,020
and the bank run starts on a Saturday and you wake up on Monday and the next

725
00:51:15,020 --> 00:51:18,580
thing you know, you got a real problem. So now it depends,

726
00:51:18,580 --> 00:51:23,040
it comes down to some of the mechanics of whether how banks approve a transfer,

727
00:51:23,040 --> 00:51:24,300
but, um,

728
00:51:24,340 --> 00:51:29,340
it makes the system much more sensitive to these kinds of games on consolidation.

729
00:51:29,340 --> 00:51:36,760
The Fed says they're rolling it out in July. My guess,

730
00:51:36,760 --> 00:51:38,880
and this is absolutely conjecture,

731
00:51:38,880 --> 00:51:44,520
is built into this is a lot more capacity in the digital systems to identify

732
00:51:44,520 --> 00:51:47,240
who's doing what.

733
00:51:47,240 --> 00:51:52,240
So I think the surveillance and the individual sanction monkey business that will

734
00:51:53,660 --> 00:51:57,220
be possible with the system is much greater, but you know,

735
00:51:57,220 --> 00:51:59,500
we'll see what happens when we roll it out.

736
00:51:59,500 --> 00:52:03,340
I would point out a lot of the banks have gotten into trouble in the California

737
00:52:03,340 --> 00:52:06,660
district. We're the ones who've been part of the FedNow prototype.

738
00:52:06,660 --> 00:52:10,500
Is there a connection? I don't know, but it's a remarkable coincidence.

739
00:52:10,500 --> 00:52:12,160
Well,

740
00:52:12,160 --> 00:52:15,900
I want to bring your attention to some recent reporting about FedNow because it

741
00:52:15,900 --> 00:52:20,220
ended up trending on, on Twitter. And according to mainstream media,

742
00:52:20,220 --> 00:52:22,580
this was for all the wrong reasons. Yeah.

743
00:52:22,580 --> 00:52:27,580
So the American banker had an opinion piece out just earlier this week.

744
00:52:27,580 --> 00:52:33,820
It says FedNow's rollout might get complicated by misinformation.

745
00:52:33,820 --> 00:52:41,020
The first sentence is, "A curious thing happened late last week.

746
00:52:41,020 --> 00:52:44,740
FedNow was trending on Twitter and for all the wrong reasons.

747
00:52:44,740 --> 00:52:49,540
I don't want to be too specific in outlining the accusations and aspersions about

748
00:52:49,540 --> 00:52:52,260
FedNow that were floating around out there.

749
00:52:52,260 --> 00:52:57,900
Part of this is because wrong information doesn't need to be amplified.

750
00:52:57,900 --> 00:53:03,420
And then he goes on to say that there was a great deal of confusion and conflation between

751
00:53:03,420 --> 00:53:08,500
the imminent debut of the Fed's faster payments network and its mauling the creation of a

752
00:53:08,500 --> 00:53:10,220
central bank digital currency.

753
00:53:10,220 --> 00:53:15,140
And he goes on to argue that there's not really a relation between the CBDC ambitions of the

754
00:53:15,140 --> 00:53:18,220
Federal Reserve and the FedNow service.

755
00:53:18,220 --> 00:53:19,720
If you look at mainstream media,

756
00:53:19,720 --> 00:53:23,260
there are actually a lot of reports right now saying there's nothing to do with

757
00:53:23,260 --> 00:53:27,480
FedNow and a central bank digital currency or a digital dollar.

758
00:53:27,480 --> 00:53:31,640
It's all about faster payments and want it faster payments be great, faster,

759
00:53:31,640 --> 00:53:35,800
more convenient. Hooray FedNow. I mean, that's basically the mainstream line.

760
00:53:35,800 --> 00:53:40,480
So what do you think about that Catherine?

761
00:53:40,480 --> 00:53:43,000
So here's what I would say to the American banker.

762
00:53:44,440 --> 00:53:51,440
If you look at the HSBC decision by the Department of Justice to let HSBC skate on major criminal

763
00:53:51,440 --> 00:53:59,440
activity, if you look at the Department of Justice's support for major skating by JPMorgan

764
00:53:59,440 --> 00:54:06,880
Chase or the incredible steal by the New York Fed member banks during the financial crisis,

765
00:54:06,880 --> 00:54:13,320
finally culminating with Janet Yellen basically saying, you know, systemically important banks

766
00:54:13,320 --> 00:54:19,000
can essentially get away with anything they want, and we decide secretly who that is.

767
00:54:19,000 --> 00:54:28,640
Friends of Janet Getaway are above the law. What you're proposing is complete lawlessness

768
00:54:28,640 --> 00:54:36,480
by the Secretary of the Treasury, the Chairman of the Fed, and the banking regulators and

769
00:54:36,480 --> 00:54:45,200
enforcement agencies, and it's a pattern of lawlessness from 2012 to date. Now, in a situation

770
00:54:45,200 --> 00:54:52,520
where very sophisticated financial people go with very sophisticated experience and credentials

771
00:54:52,520 --> 00:55:00,000
are tracking extraordinary lawlessness using taxpayers' credit that advantages certain

772
00:55:00,000 --> 00:55:06,160
parties for no reason other than their insiders. When you see that, which I would describe

773
00:55:06,160 --> 00:55:12,340
as a financial coup, you stop trusting anything the Fed and the Treasury say. And that is

774
00:55:12,340 --> 00:55:21,340
where we are. And so if people don't trust the rollout of Fed now, it's for very good

775
00:55:21,340 --> 00:55:30,140
reason. I don't take anything the Fed or the Treasury says on face value. How can I? They

776
00:55:30,140 --> 00:55:38,140
They have repeatedly said that they are above the law and they reserve the right to make

777
00:55:38,140 --> 00:55:43,860
certain parties above the law and disadvantage other parties using taxpayers' credit.

778
00:55:43,860 --> 00:55:48,860
So that's a financial coup, and in a financial coup, I don't trust a word they say.

779
00:55:48,860 --> 00:55:54,020
And it's not surprising that lots of experienced financial people who post on Twitter don't

780
00:55:54,020 --> 00:55:55,600
trust them either.

781
00:55:55,600 --> 00:55:56,600
They're not trustworthy.

782
00:55:56,600 --> 00:56:02,600
Yeah, I mean, the more you investigate banks and banking over the past several decades,

783
00:56:02,600 --> 00:56:07,920
as I have had to do recently in a lot of my work and for my book, I find it, frankly,

784
00:56:07,920 --> 00:56:14,640
impossible to trust them. Like you mentioned earlier, there's a deliberate policy on the

785
00:56:14,640 --> 00:56:20,040
part of these entities right now to force, herd depositors really into too-big-to-fail

786
00:56:20,040 --> 00:56:25,160
banks, and these too-big-to-fail banks, like JP Morgan we were talking about earlier, are

787
00:56:25,160 --> 00:56:28,220
insanely criminal. So like, you know, I've been writing a lot about JP Morgan

788
00:56:28,220 --> 00:56:33,500
recently, as you know. Right. And you know, I just found it very astounding that,

789
00:56:33,500 --> 00:56:33,980
uh,

790
00:56:33,980 --> 00:56:38,980
three of the four top banks used to launder arms profits as part of the Iran

791
00:56:38,980 --> 00:56:42,220
Contra affair, never held accountable. And they're,

792
00:56:42,220 --> 00:56:44,820
they're all part of JP Morgan now. What do you know?

793
00:56:44,820 --> 00:56:49,040
But what I would also say is I have found the majority, not all,

794
00:56:49,040 --> 00:56:52,460
but the majority of small community that, you know,

795
00:56:52,500 --> 00:56:55,140
I would trust my bankers with my life.

796
00:56:55,140 --> 00:57:00,460
They are extraordinary people. They are excellent people.

797
00:57:00,460 --> 00:57:04,940
They do an excellent job. They build economy, they build community,

798
00:57:04,940 --> 00:57:09,300
they run a great bank. They are the salt of the earth. I love them.

799
00:57:09,300 --> 00:57:13,700
You know, and I can't tell you how many great bankers and community banks,

800
00:57:13,700 --> 00:57:17,780
you know, but they are accountable to their local business community,

801
00:57:17,780 --> 00:57:18,980
their local government.

802
00:57:18,980 --> 00:57:25,980
and they spend a fortune complying with usurious regulations and all the games they're subject

803
00:57:25,980 --> 00:57:33,680
to. So this country is full of great banks and great bankers who have traditionally done--it's

804
00:57:33,680 --> 00:57:39,380
remarkable how much they've protected privacy and respected individual rights, because a

805
00:57:39,380 --> 00:57:45,540
lot of them believe in financial freedom and freedom. So I have to tell you, to me, we're

806
00:57:45,540 --> 00:57:49,620
watching a banking system that bifurcates into the

807
00:57:49,620 --> 00:57:51,660
good guys and the bad guys.

808
00:57:51,660 --> 00:57:55,420
And I would just remind people there are a tremendous number of, you know,

809
00:57:55,420 --> 00:57:58,460
there are more good guys in the banking system than there are bad guys.

810
00:57:58,460 --> 00:58:03,260
I'm glad you said that, but at the same time, um, from a lot of my research,

811
00:58:03,260 --> 00:58:06,380
I feel like, um, the, the secretary, uh,

812
00:58:06,380 --> 00:58:11,220
the treasury secretaries specifically since the nineties onwards have just been

813
00:58:11,220 --> 00:58:14,900
totally insane, whether it's like Robert Ruben and Larry Summers.

814
00:58:14,900 --> 00:58:19,900
in the nineties followed by Hank Paulson under George W. Bush.

815
00:58:19,900 --> 00:58:21,060
And I mean, some of these people,

816
00:58:21,060 --> 00:58:26,300
it's hard to divorce that particular position at this point in time from

817
00:58:26,300 --> 00:58:31,020
criminal. They're criminals. They're criminals.

818
00:58:31,020 --> 00:58:34,900
These people are criminals and,

819
00:58:34,900 --> 00:58:39,660
and they have engaged in massive criminal. Now in their defense, Whitney,

820
00:58:39,660 --> 00:58:44,160
what I will say is that the U S economy is highly

821
00:58:44,160 --> 00:58:51,160
dependent on criminality. And the general population has supported that. So, you know,

822
00:58:51,160 --> 00:58:56,880
every -- you know my red button story. I won't tell it again because I've told it so many

823
00:58:56,880 --> 00:59:01,460
times. If anybody doesn't know what it is, they can look it up on our website. Just put

824
00:59:01,460 --> 00:59:06,440
in "Fitz" in the red button story and you'll get it. But there is tremendous political

825
00:59:06,440 --> 00:59:13,100
support for whatever brings in the check. And so, you know, our dependency on war and

826
00:59:13,100 --> 00:59:18,100
organized crime has gotten a lot of support from the general population because

827
00:59:18,100 --> 00:59:21,020
it funds subsidy to them. They get the check.

828
00:59:21,020 --> 00:59:25,220
So as long as you give the American people the check and the story of I am good,

829
00:59:25,220 --> 00:59:28,940
they go along. It's part of the convenience that we're talking about earlier.

830
00:59:28,940 --> 00:59:31,180
But, um,

831
00:59:31,180 --> 00:59:35,260
I think now we're reaching a point where people feel like, well,

832
00:59:35,260 --> 00:59:38,940
we're not just going along with a certain level of corruption,

833
00:59:38,940 --> 00:59:41,060
which sort of juices the machine.

834
00:59:41,600 --> 00:59:46,380
Now we're talking about ending democracy and ending a market economy and

835
00:59:46,380 --> 00:59:47,900
going into a slavery system.

836
00:59:47,900 --> 00:59:54,380
And I think the frustration that you've had to deal with is most

837
00:59:54,380 --> 00:59:58,900
people cannot fathom that the leadership

838
00:59:58,900 --> 01:00:02,700
would think of them and treat them like livestock.

839
01:00:02,700 --> 01:00:08,620
And they do though. That's for sure. But it's a hard realization for a lot of

840
01:00:08,620 --> 01:00:09,460
people. Yeah.

841
01:00:09,940 --> 01:00:13,480
Right. So, you know, I spent a lot of time inside the room,

842
01:00:13,480 --> 01:00:14,640
listening to these guys,

843
01:00:14,640 --> 01:00:19,520
more and more frustrated with the general population. And, and,

844
01:00:19,520 --> 01:00:20,760
you know,

845
01:00:20,760 --> 01:00:25,440
Jeb Bush once said there's no constituency for financial responsibility.

846
01:00:25,440 --> 01:00:29,500
I can assure you that government government officials who,

847
01:00:29,500 --> 01:00:33,920
who argued for financial responsibility got no popular support.

848
01:00:33,920 --> 01:00:37,780
You know, everybody was on board for another check. You know,

849
01:00:37,800 --> 01:00:41,720
give me a free check, give me a free this, give me a free that. So,

850
01:00:41,720 --> 01:00:46,240
so there has not been a constituency for financial responsibility.

851
01:00:46,240 --> 01:00:51,280
And you and I, you know, you and I have experienced that.

852
01:00:51,280 --> 01:00:53,280
So when,

853
01:00:53,280 --> 01:00:58,240
when does the general population stop being gullible and understand these people

854
01:00:58,240 --> 01:01:00,000
are psychopaths,

855
01:01:00,000 --> 01:01:04,640
they are headed into a vision that will treat us like livestock. And,

856
01:01:04,740 --> 01:01:08,020
And it's not convenient to go along with that at some point.

857
01:01:08,020 --> 01:01:09,700
So when will they make the turn?

858
01:01:09,700 --> 01:01:14,660
Well, it's only convenient in the sense that being in prison is also convenient,

859
01:01:14,660 --> 01:01:19,260
right? You know, in prison, they give you your food, uh,

860
01:01:19,260 --> 01:01:23,140
they give you tedious stuff to do and fill your time. If you behave well,

861
01:01:23,140 --> 01:01:25,340
you get a few little privileges here and there,

862
01:01:25,340 --> 01:01:29,400
you're clothed and you have a bed and whatever, you know, I mean, it's,

863
01:01:29,400 --> 01:01:31,100
it's convenient in that sense.

864
01:01:31,100 --> 01:01:33,540
Right. But if you look at where this is going,

865
01:01:34,260 --> 01:01:36,380
what they're going to do. I mean, first of all,

866
01:01:36,380 --> 01:01:38,420
they're going to have to depopulate significantly.

867
01:01:38,420 --> 01:01:42,420
They're going to have to lower the average life expectancy,

868
01:01:42,420 --> 01:01:44,460
which is what they've been doing ever since the,

869
01:01:44,460 --> 01:01:48,180
they couldn't broker the budget deal in 95. So one,

870
01:01:48,180 --> 01:01:51,320
they lower life expectancy to, they do depopulation.

871
01:01:51,320 --> 01:01:56,000
Clearly we're experiencing depopulation over the last three years.

872
01:01:56,000 --> 01:02:01,460
The rise in all cause mortality is breathtaking and that's not an accident.

873
01:02:01,460 --> 01:02:02,820
And you know,

874
01:02:02,820 --> 01:02:04,140
But the other thing is they're,

875
01:02:04,140 --> 01:02:08,420
they're literally planning on putting us in digital concentration camps where we

876
01:02:08,420 --> 01:02:10,260
can't travel. You know,

877
01:02:10,260 --> 01:02:13,340
we can't necessarily buy or eat the food we want.

878
01:02:13,340 --> 01:02:17,100
We're going to be eating bugs and insects and they're going to take our kids

879
01:02:17,100 --> 01:02:20,700
away. In other words, they're going to take the position, you know,

880
01:02:20,700 --> 01:02:23,580
you're not allowed to own property. They're going to confiscate property.

881
01:02:23,580 --> 01:02:27,720
Jamie Dimon is out now in his latest shareholders letter saying, you know,

882
01:02:27,720 --> 01:02:31,300
not for profits and businesses should be able to confiscate property if they

883
01:02:31,300 --> 01:02:36,020
want it for climate change, you know, for renewable energy investment. You

884
01:02:36,020 --> 01:02:40,220
know, it's basically insane. It's lawless. But they're saying that they're

885
01:02:40,220 --> 01:02:42,660
going to take your land, they're going to take your kids. That's why they

886
01:02:42,660 --> 01:02:47,700
want to get the guns. This is not going to turn out to be convenient.

887
01:02:47,700 --> 01:02:51,500
No, of course not. There's nothing convenient about that. But there's a

888
01:02:51,500 --> 01:02:56,180
certain segment of the population that, you know, doesn't care about

889
01:02:56,180 --> 01:02:59,300
land ownership. They live in cities, they're accustomed to certain

890
01:02:59,580 --> 01:03:03,380
standards of living and I think that's the population they're trying to appeal

891
01:03:03,380 --> 01:03:06,660
to with a lot of this. The same people that fall in, um, you know,

892
01:03:06,660 --> 01:03:10,780
are total suckers for the faux communitarian selling points of like,

893
01:03:10,780 --> 01:03:15,780
oh, this is about the community, the needs of the mini outweigh the needs of the few,

894
01:03:15,780 --> 01:03:17,340
this is for the good of the planet,

895
01:03:17,340 --> 01:03:22,340
this is for the good of your grandma and all young people and old people and you

896
01:03:22,340 --> 01:03:24,900
know, all that stuff. I mean the people that are suckers for that,

897
01:03:24,900 --> 01:03:28,900
and don't want to live without their creature comforts and all of this stuff and

898
01:03:28,900 --> 01:03:32,560
already live in cities are the ones that are going to be sort of suckered in with

899
01:03:32,560 --> 01:03:36,860
the convenience arguments and if someone like Jamie Dimon is like, "Oh, well, for

900
01:03:36,860 --> 01:03:40,360
the greater good, we need to seize all this private property in the Midwest or

901
01:03:40,360 --> 01:03:42,620
whatever," I mean, those people aren't going to care, they'll cheerlead it.

902
01:03:42,620 --> 01:03:47,500
Well, we're talking about the mind control troops.

903
01:03:47,500 --> 01:03:52,320
Yeah, they exist. But again, they don't need the whole population on board with

904
01:03:52,320 --> 01:03:56,620
their stuff. They're appealing, I think, to a specific segment of the population,

905
01:03:56,660 --> 01:04:01,300
a specific percentage, though I don't necessarily claim to know how large that

906
01:04:01,300 --> 01:04:04,940
is, but they have to have some sort of base for all of this, right?

907
01:04:04,940 --> 01:04:08,220
Whether or not it doesn't have to be a majority necessarily either.

908
01:04:08,220 --> 01:04:11,980
Well, this is why you and I need to be sufficiently ornery.

909
01:04:11,980 --> 01:04:15,980
I'm getting there. I'm getting there.

910
01:04:15,980 --> 01:04:20,100
Some of my last interviews have been much saucier than before,

911
01:04:20,100 --> 01:04:23,840
so maybe it's having an effect. Oh man.

912
01:04:23,900 --> 01:04:27,680
Well, there's one thing I wanted to talk about really quickly before I get into a couple

913
01:04:27,680 --> 01:04:33,200
questions I had for you about CBDCs and the role of commercial banks in the CBDC paradigm,

914
01:04:33,200 --> 01:04:37,720
and that is, as I'm sure you've known, there's been, and probably most people listening to

915
01:04:37,720 --> 01:04:41,400
this podcast have seen, because it's pretty much impossible at this point not to have

916
01:04:41,400 --> 01:04:45,940
noticed it, there has been an extreme acceleration in the shift away from the dollar as the global

917
01:04:45,940 --> 01:04:53,080
reserve currency in sort of what I would describe as an intentional baton pass from the unipolar

918
01:04:53,080 --> 01:04:59,640
American Empire world order to the BRICS, multipolar world order and sort of the BRICS

919
01:04:59,640 --> 01:05:04,040
bank and a different global reserve currency of some type.

920
01:05:04,040 --> 01:05:10,200
And then oddly enough, you've had this launch by the IMF of what they call "Unicoin" and

921
01:05:10,200 --> 01:05:12,120
weird stuff going on there.

922
01:05:12,120 --> 01:05:18,560
So I was wondering if you could speak a little bit about what is likely to happen as a result

923
01:05:18,560 --> 01:05:21,640
of the dollar losing its global reserve currency status,

924
01:05:21,640 --> 01:05:23,900
particularly as it relates to inflation,

925
01:05:23,900 --> 01:05:27,380
for people living in the United States and federal reserve policy.

926
01:05:27,380 --> 01:05:28,960
Right.

927
01:05:28,960 --> 01:05:34,800
So if you look at the dollar's role in the global economy,

928
01:05:34,800 --> 01:05:40,220
it plays a role as the reserve currency.

929
01:05:40,220 --> 01:05:45,220
So sovereign nations and central banks hold reserves for fluctuation.

930
01:05:45,220 --> 01:05:52,220
old reserves for fluctuations in trade and other things. And so their portfolios own

931
01:05:52,220 --> 01:05:59,500
treasuries and dollars as reserve. But the other thing is that the dollar is used for

932
01:05:59,500 --> 01:06:06,500
trade. So you hear the expression "petrodollar" and traditionally to make purchases globally

933
01:06:06,500 --> 01:06:13,740
of oil you had to go in and out of the dollar, and that gave the dollar in the US jurisdiction.

934
01:06:14,600 --> 01:06:20,600
So there's both the dollar's role as a reserve currency, but the dollar's role as trade.

935
01:06:20,600 --> 01:06:27,080
What happened, starting with the financial crisis in the '90s and then accelerated with

936
01:06:27,080 --> 01:06:33,640
the financial crisis in 2008 to 2012, is many countries around the world said, you know,

937
01:06:33,640 --> 01:06:36,720
this dependency on the dollar is a problem.

938
01:06:36,720 --> 01:06:41,900
And particularly it became a problem, Whitney, when the U.S. started to implement sanctions

939
01:06:41,900 --> 01:06:48,820
using their position as sort of the major liquidity player in trade, they started to

940
01:06:48,820 --> 01:06:56,960
use that position to instill sanctions. And so countries went about the work of creating

941
01:06:56,960 --> 01:07:03,380
ways of trading directly with each other through swap lines, through gold and silver, a long

942
01:07:03,380 --> 01:07:12,460
variety of mechanisms. And that has taken decades to begin to come to fruition. We have

943
01:07:12,460 --> 01:07:17,260
a wrap-up I did several years ago called "The State of Our Currency." I go into a lot of

944
01:07:17,260 --> 01:07:23,780
the sort of things that have been going on quietly for decades now to build much more

945
01:07:23,780 --> 01:07:30,760
resiliency away from the dollar. I can't tell you what a major effort it takes for other

946
01:07:30,760 --> 01:07:35,240
countries to come together and build these arrangements and learn to trust them. You

947
01:07:35,240 --> 01:07:40,420
know, this is a big job to try and move away from the dollar, but again, they've spent

948
01:07:40,420 --> 01:07:46,240
decades doing it and now it's coming to fruition. So I see, what I see is where you're seeing

949
01:07:46,240 --> 01:07:52,300
the big moves away from the dollar is in the trade relationships. So we see the Saudis

950
01:07:52,300 --> 01:07:57,920
agreeing to trade oil with other countries directly in their currencies and swap lines

951
01:07:57,920 --> 01:08:03,600
instead of going in and out of the dollar. And that's very big because what we're watching

952
01:08:03,600 --> 01:08:08,800
as part of this is the commodity producers around the world are saying to both the ECB

953
01:08:08,800 --> 01:08:15,760
and the Fed, you know something, we're not going to swap real assets for currency that

954
01:08:15,760 --> 01:08:21,640
you just print out of thin air and then you just, you know, you inflate our value away.

955
01:08:21,640 --> 01:08:26,320
We're not going to do that, which is why, as I said, the Fed's role in protecting the

956
01:08:26,320 --> 01:08:32,560
value of the dollar internationally is so powerful in its role vis-à-vis what it's

957
01:08:32,560 --> 01:08:40,360
doing domestically. Okay, so there's no doubt that trading relationships are moving away

958
01:08:40,360 --> 01:08:45,120
and the commodity producers are saying, "We're not going to play your game," and that's why

959
01:08:45,120 --> 01:08:51,200
this sort of--the tensions with Russia and China are so important. The reserve currency

960
01:08:51,200 --> 01:08:56,920
has been steadily diminishing, but the dollar is still very dominant in reserve currency,

961
01:08:56,920 --> 01:09:02,360
where the real erosion is coming in trade. But the erosion is happening. Now, I've always

962
01:09:02,360 --> 01:09:09,360
believed that how fast that erosion happens will be a function of military power. And

963
01:09:09,360 --> 01:09:16,360
a lot of the military power that's enforcing the role of the dollar is sort of high-tech

964
01:09:16,440 --> 01:09:18,280
weaponry and is very invisible.

965
01:09:18,280 --> 01:09:23,880
So there's a big question mark about how fast this can erode.

966
01:09:23,880 --> 01:09:28,880
And the erosion has been much slower than many financial people have

967
01:09:28,880 --> 01:09:33,640
predicted because they underestimate the power of that invisible weaponry,

968
01:09:33,640 --> 01:09:38,040
things like weather warfare. So, so big question mark.

969
01:09:38,040 --> 01:09:40,960
Now what's going to happen is the,

970
01:09:40,960 --> 01:09:45,400
as that erosion occurs and it's very likely to continue to occur,

971
01:09:45,400 --> 01:09:49,560
We just don't know at what speed the pressure of dollars coming back,

972
01:09:49,560 --> 01:09:54,540
working to buy real assets or commodity producers demanding real assets

973
01:09:54,540 --> 01:09:59,400
in exchange for their real assets is going to cause explosive inflation

974
01:09:59,400 --> 01:10:01,400
in the rise of household goods.

975
01:10:01,400 --> 01:10:05,160
So I don't know if you've ever seen a website called the Chapwood index,

976
01:10:05,160 --> 01:10:06,520
but I recommend it to you.

977
01:10:06,520 --> 01:10:11,680
The Chapwood index tracks the real increase in the

978
01:10:11,680 --> 01:10:14,240
cost of goods sold, not monetary inflation,

979
01:10:14,240 --> 01:10:18,480
but household price inflation. And, um, I,

980
01:10:18,480 --> 01:10:23,560
as of a year ago, the annual rate of inflation in Chicago and Ohio was 18%.

981
01:10:23,560 --> 01:10:30,960
So that's food, that's, you know, Clorox, that's detergent,

982
01:10:30,960 --> 01:10:32,480
that's, um,

983
01:10:32,480 --> 01:10:36,880
he started off tracking 50 sort of the basic goods and services.

984
01:10:36,880 --> 01:10:39,240
Now I think he tracks 500, um,

985
01:10:39,240 --> 01:10:43,320
but he tracks it for the 50 metropolitan areas in the United States.

986
01:10:43,340 --> 01:10:46,940
One of the reasons, you know, I reside in the Memphis areas,

987
01:10:46,940 --> 01:10:50,140
it was traditionally one of the lowest, you know,

988
01:10:50,140 --> 01:10:52,740
lowest rates on the Chaplin index,

989
01:10:52,740 --> 01:10:57,740
but inflation in the, during the pandemic dropped, you know,

990
01:10:57,740 --> 01:11:02,440
increased dramatically because of that enormous injection that the fed put

991
01:11:02,440 --> 01:11:04,860
into the, into the dollar system.

992
01:11:04,860 --> 01:11:08,900
And we talked about $5 trillion of the going direct. Okay. So,

993
01:11:09,020 --> 01:11:13,540
So this deterioration is going to make household good inflation

994
01:11:13,540 --> 01:11:18,580
higher, which is why it's absolutely imperative to everybody listening to this.

995
01:11:18,580 --> 01:11:22,580
You do everything you can to build resiliency. You know,

996
01:11:22,580 --> 01:11:26,220
I'm always telling people any investment you can make to lower your,

997
01:11:26,220 --> 01:11:30,620
your cost of goods permanently. You know, if you can build a well,

998
01:11:30,620 --> 01:11:34,900
instead of paying a water bill, you want to do that. Um,

999
01:11:34,980 --> 01:11:36,740
because inflation is here.

1000
01:11:36,740 --> 01:11:41,580
Now there are many ways that the power that we have of

1001
01:11:41,580 --> 01:11:46,580
creating offsetting deflation. Um, during the seventies and eighties and nineties,

1002
01:11:46,580 --> 01:11:50,300
of course it was globalization to devalue the cost of labor.

1003
01:11:50,300 --> 01:11:55,700
And that helped offset tremendous monetary inflation by the central banks during

1004
01:11:55,700 --> 01:11:59,940
the pandemic. Every time Anthony Fauci shut down all the small businesses,

1005
01:12:00,300 --> 01:12:05,240
that was deflation that helped offset the monetary inflation and also

1006
01:12:05,240 --> 01:12:09,380
made it possible for the people who got that $5 trillion to buy up assets

1007
01:12:09,380 --> 01:12:14,400
cheap, you know, a very elegant game of economic warfare.

1008
01:12:14,400 --> 01:12:17,520
So, um, what,

1009
01:12:17,520 --> 01:12:22,760
what everyone listening has to understand about this process is

1010
01:12:22,760 --> 01:12:28,500
Washington and wall street have been able to get buy in politically for

1011
01:12:28,500 --> 01:12:35,500
their model of organized crime and warfare by delivering a subsidy to the American people.

1012
01:12:35,500 --> 01:12:43,800
And what this means is they are losing their power to deliver their subsidy, which is why

1013
01:12:43,800 --> 01:12:50,420
they want techniques of complete control. And it's why they moved $21 trillion out of

1014
01:12:50,420 --> 01:12:54,280
the federal government. They're stockpiling money. My guess is some of the money they

1015
01:12:54,280 --> 01:12:58,100
they wander through the Ukraine is they're stockpiling money,

1016
01:12:58,100 --> 01:13:01,260
because they know the game is up and they have to reset.

1017
01:13:01,260 --> 01:13:06,700
So what that reset means is they're going to squeeze our income

1018
01:13:06,700 --> 01:13:10,780
and things are going to happen that raise our expense. You know,

1019
01:13:10,780 --> 01:13:11,680
at the same time,

1020
01:13:11,680 --> 01:13:16,980
we're putting up with very arbitrary management of the

1021
01:13:16,980 --> 01:13:20,220
legal system, whether by the feds or, you know,

1022
01:13:20,220 --> 01:13:23,140
as it works down all the way into our enforcement,

1023
01:13:23,340 --> 01:13:25,980
how enforcement impacts us locally,

1024
01:13:25,980 --> 01:13:31,020
whether it's the IRS agent or many of these other ways. So bottom line,

1025
01:13:31,020 --> 01:13:34,260
we need to build much more local resiliency.

1026
01:13:34,260 --> 01:13:37,620
The big opportunity is if we're in a good jurisdiction,

1027
01:13:37,620 --> 01:13:41,860
if we can get behind local leadership, um, you know,

1028
01:13:41,860 --> 01:13:45,580
there are a couple of state legislatures that are taking tremendous action.

1029
01:13:45,580 --> 01:13:50,760
One that really brought national attention was DeSantis two weeks ago had a

1030
01:13:50,760 --> 01:13:55,760
press conference and announced he was proposing legislation to outlaw CBDCs in

1031
01:13:55,760 --> 01:14:01,480
Florida, not just US CBDCs, but global CBDCs, and said,

1032
01:14:01,480 --> 01:14:06,080
you know, that Florida would not permit the end of financial transaction freedom.

1033
01:14:06,080 --> 01:14:11,880
That video is also in the group of videos of the CBDC article that I described

1034
01:14:11,880 --> 01:14:15,760
it. So just do a search for CBDCs and you can pick it up.

1035
01:14:15,760 --> 01:14:18,400
So you know,

1036
01:14:18,400 --> 01:14:25,600
If you can back your state legislators in protecting your transaction freedoms, you

1037
01:14:25,600 --> 01:14:29,200
know, we can dramatically improve our position.

1038
01:14:29,200 --> 01:14:34,520
But these guys are, you know, they are coming into a reset, they have to do a reset, and

1039
01:14:34,520 --> 01:14:37,960
they feel much safer if they get complete control.

1040
01:14:37,960 --> 01:14:42,600
And the reason is they can no longer deliver the subsidy that they've used to buy us off

1041
01:14:42,600 --> 01:14:43,600
traditionally.

1042
01:14:43,600 --> 01:14:48,100
Well, one thing I want to touch on with CBDC is that I think is really relevant to this

1043
01:14:48,100 --> 01:14:53,800
conversation. So a lot of people have argued as the CBDC agenda has advanced and become

1044
01:14:53,800 --> 01:14:58,820
more overt and open and out there for the public to see is that, you know, there's been

1045
01:14:58,820 --> 01:15:04,820
this claim circulated that their rollout would make commercial banks irrelevant, right? And,

1046
01:15:04,820 --> 01:15:09,600
you know, like we've been talking about, there's been this push by the same people creating

1047
01:15:09,600 --> 01:15:16,280
the CBDC paradigm to consolidate the banking sector and make fewer and fewer banks, but

1048
01:15:16,280 --> 01:15:20,720
not necessarily eliminate commercial banking entirely, right?

1049
01:15:20,720 --> 01:15:29,760
So I just wanted to point out how a commercial bank may exist within a CBDC paradigm, according

1050
01:15:29,760 --> 01:15:33,880
to some articles that have been published recently on the issue.

1051
01:15:33,880 --> 01:15:38,760
And of course, I wanted to get your take about what the likely role of commercial banks in

1052
01:15:38,760 --> 01:15:42,240
the CBDC paradigm would be.

1053
01:15:42,240 --> 01:15:46,960
So this particular article I'm going to be quoting here was published in the Global Treasurer,

1054
01:15:46,960 --> 01:15:49,520
and the article starts off as follows.

1055
01:15:49,520 --> 01:15:56,700
It says, quote, while the potential of central bank digital currencies is substantial and

1056
01:15:56,700 --> 01:16:01,280
more and more central banks explore their options in adopting a CBDC strategy, there

1057
01:16:01,280 --> 01:16:03,940
are many challenges and considerations to cover.

1058
01:16:03,940 --> 01:16:08,740
They range from cybersecurity and privacy concerns to the impact on financial markets,

1059
01:16:08,740 --> 01:16:11,640
legislation, and the role of commercial banks.

1060
01:16:11,640 --> 01:16:16,200
The two-tier banking system, which has long provided the traditional setup for commercial

1061
01:16:16,200 --> 01:16:21,160
banks, has typically supplied the fundamental support for the real economy in some of the

1062
01:16:21,160 --> 01:16:23,120
largest nations in the world.

1063
01:16:23,120 --> 01:16:28,340
To truly maintain the integrity of this working relationship between state-owned central and

1064
01:16:28,340 --> 01:16:33,720
private commercial banks, it's important to consider both the banking system and how CBDCs

1065
01:16:33,720 --> 01:16:39,240
are implemented and programmed. It is key in this relationship that central banks issue

1066
01:16:39,240 --> 01:16:44,600
the value and grant its authenticity, while commercial banks as well as financial services

1067
01:16:44,600 --> 01:16:52,500
providers issue the wallets that handle CBDC and are responsible for the application. So,

1068
01:16:52,500 --> 01:16:54,480
what are your thoughts about that, Catherine?

1069
01:16:54,480 --> 01:17:00,600
So in the short run, the Fed is much better off involving all the banks in playing a role

1070
01:17:00,600 --> 01:17:10,440
on CBDC 1, the Fed is not set up to do customer support, they're wholesale banks, not retail.

1071
01:17:10,440 --> 01:17:15,080
And my understanding from Richard Werner is China has rolled out their CBDCs and involved

1072
01:17:15,080 --> 01:17:16,080
the banks.

1073
01:17:16,080 --> 01:17:21,700
So the big problem you have rolling out of CBDC, if you get political opposition from

1074
01:17:21,700 --> 01:17:27,080
all 4,000, most of the small banks, you're going to run into major headwinds.

1075
01:17:27,080 --> 01:17:32,160
So the way to do this, if you're going to roll it out, is to buy them all in and assure

1076
01:17:32,160 --> 01:17:41,080
them great fees and other things, playing ball with CBDCs on the tech support customer

1077
01:17:41,080 --> 01:17:42,080
service.

1078
01:17:42,080 --> 01:17:45,560
You can use the banks as well as the tech firms.

1079
01:17:45,560 --> 01:17:52,680
In the long run, if you buy into CBDCs, it's pretty easy to, once you get everybody onto

1080
01:17:52,680 --> 01:17:59,680
the platform to squeeze and cut out almost all the banks. Now, the Fed is not a government

1081
01:17:59,680 --> 01:18:05,260
institution. It's owned and controlled by a group of private banks. And the people who

1082
01:18:05,260 --> 01:18:11,460
are the leading controllers of the New York Fed and the Fed banks, they're not going to

1083
01:18:11,460 --> 01:18:18,460
cut themselves out until they want to. So why would I cut myself out of my own position?

1084
01:18:20,580 --> 01:18:24,700
So I think when someone like Ed Dowd says we're going to be down to six banks, he's

1085
01:18:24,700 --> 01:18:29,800
thinking the guys who own and control the New York Fed are going to hog everything for

1086
01:18:29,800 --> 01:18:34,860
themselves, and I'm highly confident that that is their intention.

1087
01:18:34,860 --> 01:18:39,700
But first they want to pay off all the small banks and buy them in.

1088
01:18:39,700 --> 01:18:47,620
So they'll bring them in with honey, not with tyranny in the first blush, but on the second,

1089
01:18:47,620 --> 01:18:50,700
third, fourth, fifth round. How many rounds will it take till they cut them out?

1090
01:18:50,700 --> 01:18:52,580
You know, they'll get cut out.

1091
01:18:52,580 --> 01:18:55,700
All right. Well, I guess as we wrap up here, uh,

1092
01:18:55,700 --> 01:18:58,780
probably a question a lot of people would like answered is what are some things

1093
01:18:58,780 --> 01:19:01,700
people can do to prepare financially? Um, you know,

1094
01:19:01,700 --> 01:19:04,360
you mentioned not abandoning local community banks,

1095
01:19:04,360 --> 01:19:08,700
but what should people be looking for, um, in a bank? Um,

1096
01:19:08,700 --> 01:19:12,700
you know, questions like that. Where should people be putting their money? Um,

1097
01:19:12,700 --> 01:19:14,940
do you have any suggestions on those fronts for people?

1098
01:19:15,420 --> 01:19:18,600
there's tremendous numbers of things that people can do.

1099
01:19:18,600 --> 01:19:22,180
And the most important thing you need to do is get yourself out of the control

1100
01:19:22,180 --> 01:19:26,740
grid. So let me suggest three sources. If you, if you go to Solari,

1101
01:19:26,740 --> 01:19:32,020
all of these are public. Um, I want to stop CBDC's, what can I do?

1102
01:19:32,020 --> 01:19:36,660
You absolutely want to review that list and do the things that give you energy.

1103
01:19:36,660 --> 01:19:40,700
Um, that will include finding a great local bank or institution.

1104
01:19:40,700 --> 01:19:45,340
We have a great article called how to find a, uh, a good local bank.

1105
01:19:45,340 --> 01:19:48,940
And I think it's linked in the CBDC article as well. So you can pick that up.

1106
01:19:48,940 --> 01:19:50,860
I did an episode,

1107
01:19:50,860 --> 01:19:55,620
Carolyn Betts is our general counsel and I do financial rebellion on CHD TV

1108
01:19:55,620 --> 01:20:00,140
every week. Last year we did episode 31 and I went through,

1109
01:20:00,140 --> 01:20:04,260
where to stash your cash in 2022. And it's, you know,

1110
01:20:04,260 --> 01:20:09,060
scores of ideas on how to make sure you are as resilient as possible.

1111
01:20:09,460 --> 01:20:13,300
Finally, I mentioned the mind control tactics for young people,

1112
01:20:13,300 --> 01:20:18,460
protect your mind because to make sound choices

1113
01:20:18,460 --> 01:20:21,300
about investing your time and money, um,

1114
01:20:21,300 --> 01:20:25,020
you absolutely want a clear, coherent mind.

1115
01:20:25,020 --> 01:20:27,540
So Whitney's emphasized on,

1116
01:20:27,540 --> 01:20:31,700
on protecting yourself from interference by smartphones and these other things.

1117
01:20:31,700 --> 01:20:34,060
There's a reason she's on that and,

1118
01:20:34,060 --> 01:20:38,980
and to make wise decisions about your resources, you've got to, you know,

1119
01:20:39,060 --> 01:20:43,980
your mind has to be clear, free and coherent. So very, very important.

1120
01:20:43,980 --> 01:20:48,180
So there's a wealth of resources for those who want to get even more serious.

1121
01:20:48,180 --> 01:20:50,580
We have a new curriculum called Building Wealth,

1122
01:20:50,580 --> 01:20:56,300
and it's all about how to avoid all the tricks that these

1123
01:20:56,300 --> 01:21:01,100
guys do. So I spent many, many years as an investment advisor learning.

1124
01:21:01,100 --> 01:21:04,420
You know, I thought I knew a lot about the tricks, the games they played,

1125
01:21:04,420 --> 01:21:06,740
but when you work with hundreds of families,

1126
01:21:06,740 --> 01:21:11,020
you just learn an amazing amount about what they're up to and how they trick

1127
01:21:11,020 --> 01:21:14,060
people. And so we've built it all into something called the building wealth

1128
01:21:14,060 --> 01:21:17,300
curriculum. That's for subscribers only now, but, um,

1129
01:21:17,300 --> 01:21:22,100
if you want a deep dive, I would go there. The public resources I gave were,

1130
01:21:22,100 --> 01:21:25,220
you know, we'll give you plenty and plenty to chew on.

1131
01:21:25,220 --> 01:21:29,060
There are millions of things you can do. It's far from hopeless. Never,

1132
01:21:29,060 --> 01:21:32,380
never buy into the hopelessness. The last thing I could do,

1133
01:21:32,380 --> 01:21:33,780
I just have to make a pitch.

1134
01:21:33,780 --> 01:21:39,020
The one of the most important things that protects us all from the abyss is

1135
01:21:39,020 --> 01:21:43,100
really great, uh, intelligence.

1136
01:21:43,100 --> 01:21:48,040
So I'm a great believer in actionable intelligence. And I have to tell you,

1137
01:21:48,040 --> 01:21:53,040
I think there's no more important investigative researcher and author

1138
01:21:53,040 --> 01:21:55,740
operating today with me than you.

1139
01:21:55,740 --> 01:22:00,980
And I'm very grateful for your wow. Thanks. That's very humble.

1140
01:22:00,980 --> 01:22:05,660
I'm very grateful for your work. It helps us tremendously. It's the literary,

1141
01:22:05,660 --> 01:22:10,940
you know, I'm always, as soon as you publish something, I'm looking for it. Um,

1142
01:22:10,940 --> 01:22:14,900
your new series on Jamie diamond is just a barn burner.

1143
01:22:14,900 --> 01:22:18,340
And um, I, you know, I just have to tell everybody,

1144
01:22:18,340 --> 01:22:20,940
I know because you're listening to unlimited hangout,

1145
01:22:20,940 --> 01:22:25,420
you're already onto how great Whitney is, but absolutely support Whitney,

1146
01:22:25,420 --> 01:22:29,900
donate to her support her, uh, her website,

1147
01:22:29,900 --> 01:22:34,560
sent her work around because the more we can have excellent people,

1148
01:22:34,560 --> 01:22:39,180
you know, shining a light on what's going on, it backs the roaches up.

1149
01:22:39,180 --> 01:22:42,580
It's just like walking into your apartment in New York. You turn on the light,

1150
01:22:42,580 --> 01:22:47,780
man, the roaches head for, you know, they head for the corners.

1151
01:22:47,780 --> 01:22:50,500
So keep the lights on the roaches. It backs them up.

1152
01:22:50,500 --> 01:22:54,440
Well, thanks so much for saying that. I really appreciate that.

1153
01:22:54,440 --> 01:22:58,260
And of course I appreciate everyone that supports my work and helps keep me,

1154
01:22:58,300 --> 01:23:03,300
you know, doing this work I do because I either do it independently of, you know,

1155
01:23:03,300 --> 01:23:05,860
big donors or I don't do it at all. So, you know,

1156
01:23:05,860 --> 01:23:09,540
thanks a lot for saying that Catherine. So as we wrap up here,

1157
01:23:09,540 --> 01:23:13,300
could you let people know where to find your work and how to support Solari?

1158
01:23:13,300 --> 01:23:18,480
Yeah. So solari.com and we published the Solari report.

1159
01:23:18,480 --> 01:23:20,820
Some of the material is subscriber only.

1160
01:23:20,820 --> 01:23:23,260
We're delighted to have you as a subscriber.

1161
01:23:23,260 --> 01:23:25,900
There's a tremendous amount that's public.

1162
01:23:25,900 --> 01:23:30,140
our business model is basically whatever we have to say.

1163
01:23:30,140 --> 01:23:32,620
When we say it publicly, I do a lot of public interviews.

1164
01:23:32,620 --> 01:23:35,540
You can find it at Solari At the News on solari.com

1165
01:23:35,540 --> 01:23:38,380
And then for people who want to do a deep dive,

1166
01:23:38,380 --> 01:23:41,940
become a subscriber, there's a tremendous archive.

1167
01:23:41,940 --> 01:23:44,380
And as I said, this new curriculum, Building Wealth,

1168
01:23:44,380 --> 01:23:48,100
is really, really designed to help you navigate.

1169
01:23:48,100 --> 01:23:52,860
I always say, Whitney, there's an official reality

1170
01:23:52,860 --> 01:23:54,540
and then there's reality.

1171
01:23:54,540 --> 01:23:58,160
And the official reality is for cocktail parties and reality is for the

1172
01:23:58,160 --> 01:24:01,920
management of your time and resources.

1173
01:24:01,920 --> 01:24:06,600
Don't get the two confused. Anyway, but that's what we try and do.

1174
01:24:06,600 --> 01:24:11,600
We try and help you see both realities and navigate them and do appropriate risk

1175
01:24:11,600 --> 01:24:16,440
management to make sure you and your family are healthy, happy, and safe.

1176
01:24:16,440 --> 01:24:18,420
All right. Well, thanks so much, Catherine,

1177
01:24:18,420 --> 01:24:21,300
for being here and thanks everyone for listening. Um, you know,

1178
01:24:21,300 --> 01:24:22,520
definitely in this episode,

1179
01:24:22,520 --> 01:24:28,080
I would really encourage people to share this information around because there were a lot of great tips shared by

1180
01:24:28,080 --> 01:24:34,800
Catherine about what people can do to prepare because really, you know listening to podcasts educating yourself and online

1181
01:24:34,800 --> 01:24:39,520
Activism is just one piece of the puzzle if you're not doing stuff in your real life to prepare

1182
01:24:39,520 --> 01:24:45,400
For what's coming or develop resilience locally, you know or offline, you know

1183
01:24:45,400 --> 01:24:51,060
You're gonna I really think regret that in the not so distant future if you don't take the time to do that now

1184
01:24:51,060 --> 01:25:20,700
So definitely, if you found this information helpful, make sure to share it around. I would definitely encourage people to look for Catherine's interviews and support Solari. I personally get a lot out of their content, including their subscriber only content as well. So definitely take a look at that, if you haven't already. Thanks again, Catherine so much for being here. And thanks again to everyone for listening and people who support this podcast couldn't do it without you. And with that being said, thanks so much, everybody.

1185
01:25:20,700 --> 01:25:45,860
And catch you all next episode.

1186
01:25:45,860 --> 01:25:48,440
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