1
00:00:15,630 --> 00:00:17,940
Hey guys, you're listening

2
00:00:17,940 --> 00:00:21,570
host Whitney Webb. It's been

3
00:00:21,570 --> 00:00:25,500
largest bank failure in US

4
00:00:25,530 --> 00:00:27,960
or the Silicon Valley Bank has

5
00:00:27,960 --> 00:00:31,620
Signature Bank, and silvergate

6
00:00:31,620 --> 00:00:35,370
of the outlook for the entire US

7
00:00:35,370 --> 00:00:38,100
the crisis is spreading the

8
00:00:38,100 --> 00:00:40,830
tumbling earlier this week

9
00:00:40,830 --> 00:00:44,670
major financial crisis is set to

10
00:00:44,670 --> 00:00:49,020
order. How did we get here and

11
00:00:49,020 --> 00:00:51,540
will be exploring the role of

12
00:00:51,540 --> 00:00:53,910
broader situation with

13
00:00:53,910 --> 00:00:58,620
role in SVBs demise. We'll also

14
00:00:58,620 --> 00:01:01,110
of this case that suggests

15
00:01:01,110 --> 00:01:04,110
play, such as the role of

16
00:01:04,110 --> 00:01:07,290
capitalist Peter Thiel and

17
00:01:07,290 --> 00:01:10,290
some of the connections shared

18
00:01:10,290 --> 00:01:13,500
currently most troubled banks

19
00:01:13,500 --> 00:01:16,800
government overtures regarding

20
00:01:17,130 --> 00:01:20,700
Joining me today to unpack this

21
00:01:20,700 --> 00:01:25,260
Mike Krieger. Marty is the

22
00:01:25,260 --> 00:01:27,570
company focused on Bitcoin

23
00:01:27,570 --> 00:01:31,410
digital age. He is also a

24
00:01:31,410 --> 00:01:34,260
investment platform focused

25
00:01:34,260 --> 00:01:37,410
Bitcoin ecosystem, and he also

26
00:01:37,410 --> 00:01:41,550
or the T FTC podcast. Mike

27
00:01:41,550 --> 00:01:44,460
as an oil and gas general

28
00:01:44,460 --> 00:01:48,090
research and leader on a trading

29
00:01:48,090 --> 00:01:50,610
the state of the industry and

30
00:01:50,610 --> 00:01:53,580
blitzkrieg. Though he doesn't

31
00:01:53,580 --> 00:01:56,820
shares his insights regularly on

32
00:01:56,820 --> 00:01:58,560
you guys back on how are you

33
00:01:58,740 --> 00:02:00,900
Doing great, thanks for

34
00:02:00,900 --> 00:02:02,100
been a crazy week.

35
00:02:02,160 --> 00:02:05,610
Yeah, totally. So the last

36
00:02:05,610 --> 00:02:09,660
Episode 43, where we covered the

37
00:02:09,660 --> 00:02:12,690
resulting scandals from that.

38
00:02:12,690 --> 00:02:16,230
been a lot going on in the

39
00:02:16,230 --> 00:02:19,290
it hasn't been very positive for

40
00:02:19,320 --> 00:02:22,980
of course, is linked one way to

41
00:02:22,980 --> 00:02:29,070
fallout resulting from FTX. So

42
00:02:29,070 --> 00:02:32,400
I'm referring to here are

43
00:02:32,400 --> 00:02:38,400
Silicon Valley Banks collapse

44
00:02:38,400 --> 00:02:41,130
I'm talking specifically about

45
00:02:41,130 --> 00:02:45,270
for the USDC stable coin, the

46
00:02:45,270 --> 00:02:49,110
coin, which is circle, as well

47
00:02:49,110 --> 00:02:51,360
bank. So let's start there.

48
00:02:51,930 --> 00:02:57,570
I mean, we can start with

49
00:02:58,200 --> 00:03:01,440
had personal experience. I mean,

50
00:03:01,470 --> 00:03:04,530
Sure. Well, definitely

51
00:03:04,590 --> 00:03:07,890
there was some stuff going on

52
00:03:07,950 --> 00:03:11,610
relatively, you know, noteworthy

53
00:03:11,670 --> 00:03:15,030
ties in to the events that

54
00:03:15,090 --> 00:03:17,130
why don't we just start with them?

55
00:03:17,550 --> 00:03:21,092
Yes, it's Silvergate.

56
00:03:21,158 --> 00:03:24,968
sphere, I focus mainly on

57
00:03:25,035 --> 00:03:28,777
sphere was banking, a lot of

58
00:03:28,844 --> 00:03:32,921
Silvergate was one of the first

59
00:03:32,988 --> 00:03:37,064
and say, hey, we'll, we'll spin

60
00:03:37,131 --> 00:03:41,208
companies that are dealing with

61
00:03:41,275 --> 00:03:45,151
companies in the industry

62
00:03:45,218 --> 00:03:49,161
of deposits there. One of those

63
00:03:49,228 --> 00:03:53,037
discussed in the previous

64
00:03:53,104 --> 00:03:57,047
obviously exposed like a big

65
00:03:57,114 --> 00:04:01,391
they have this counterparty FTX

66
00:04:01,458 --> 00:04:05,401
of dollars. But it turned out

67
00:04:05,468 --> 00:04:09,478
exist at the end of the day,

68
00:04:09,544 --> 00:04:13,554
that set off a contagion event

69
00:04:13,621 --> 00:04:17,832
where a lot of companies in the

70
00:04:17,898 --> 00:04:22,042
deposits and moving it to other

71
00:04:22,109 --> 00:04:26,319
and signature, which we'll talk

72
00:04:26,386 --> 00:04:30,663
summer Silvergate had had a run

73
00:04:30,730 --> 00:04:35,074
Silvergate some credit, they had

74
00:04:35,141 --> 00:04:38,817
a lot of liquid reserves, so

75
00:04:38,883 --> 00:04:42,893
weather a bank run of $8 billion

76
00:04:42,960 --> 00:04:47,304
companies pulling their deposits

77
00:04:47,371 --> 00:04:51,247
to other banks. But then,

78
00:04:51,314 --> 00:04:55,257
much about a month ago, three,

79
00:04:55,324 --> 00:04:59,200
Silvergate had to shut down. It

80
00:04:59,267 --> 00:05:03,143
depositors pulling their their

81
00:05:03,210 --> 00:05:07,287
short sellers like Marco Hotez.

82
00:05:07,354 --> 00:05:11,096
like Elizabeth Warren, really

83
00:05:11,163 --> 00:05:14,705
media, that Silvergate was

84
00:05:14,772 --> 00:05:18,849
should pull their money out. So

85
00:05:18,916 --> 00:05:22,658
their money out. But the

86
00:05:22,725 --> 00:05:26,869
they were able to process all

87
00:05:26,935 --> 00:05:31,079
even after they were officially

88
00:05:31,146 --> 00:05:34,020
were actually a very well

89
00:05:34,320 --> 00:05:38,970
Yeah, better than a lot of,

90
00:05:39,000 --> 00:05:41,490
that aren't involved in crypto

91
00:05:41,670 --> 00:05:43,950
let me just jump in here

92
00:05:43,980 --> 00:05:47,640
additional information. So what

93
00:05:47,640 --> 00:05:51,690
actually, as Marty was saying,

94
00:05:51,690 --> 00:05:55,200
of like, hung on impressively

95
00:05:55,200 --> 00:05:59,040
was connected with Alameda and

96
00:05:59,040 --> 00:06:02,220
politicians came after it,

97
00:06:02,220 --> 00:06:05,310
is that there was

98
00:06:05,340 --> 00:06:08,760
I think from the DOJ, certainly

99
00:06:08,880 --> 00:06:11,490
sort of serious criminal

100
00:06:11,490 --> 00:06:14,820
was leaked. And so that caused

101
00:06:14,820 --> 00:06:18,180
seems to from my understanding,

102
00:06:18,180 --> 00:06:22,680
the coffin, interestingly

103
00:06:22,680 --> 00:06:26,820
h lb loan, which was reasonably

104
00:06:26,820 --> 00:06:29,550
actually had, I think, a $4

105
00:06:30,210 --> 00:06:34,650
fhlb. And then they suddenly

106
00:06:34,650 --> 00:06:37,650
process of repaying a 4 billion

107
00:06:37,650 --> 00:06:39,840
assets, right. So this is

108
00:06:39,840 --> 00:06:43,410
Silicon Valley Bank, you have

109
00:06:43,410 --> 00:06:47,430
their balance sheets with which

110
00:06:47,430 --> 00:06:52,200
realized loss was triggered when

111
00:06:52,200 --> 00:06:54,330
that was the end of it, you

112
00:06:54,330 --> 00:06:57,510
the losses, and then it just

113
00:06:57,540 --> 00:07:01,170
the weird thing about this, and

114
00:07:01,170 --> 00:07:04,170
later because that's a big

115
00:07:04,170 --> 00:07:07,410
not seen a good explanation for

116
00:07:07,830 --> 00:07:11,730
effectively nationalized. But

117
00:07:11,730 --> 00:07:17,280
because it also has one of these

118
00:07:17,280 --> 00:07:21,300
which is no, but the fhlb is

119
00:07:22,140 --> 00:07:25,680
trigger a prepayment and silver

120
00:07:25,680 --> 00:07:29,460
that. So nobody knows why silver

121
00:07:29,460 --> 00:07:33,060
prepay or pay that loan, which

122
00:07:33,060 --> 00:07:36,930
coffin. So that's weird. Very

123
00:07:36,930 --> 00:07:39,840
I want to bring up something

124
00:07:39,840 --> 00:07:43,200
So Marty, you mentioned

125
00:07:43,200 --> 00:07:46,950
thanks to her and some of this

126
00:07:46,950 --> 00:07:50,850
government that were related to

127
00:07:50,850 --> 00:07:54,600
the FT FTX, having accounts that

128
00:07:54,600 --> 00:07:58,380
silvergate But you know, as

129
00:07:58,380 --> 00:08:02,880
in ED Berger have reported,

130
00:08:03,420 --> 00:08:07,680
that's very small, in Washington

131
00:08:07,740 --> 00:08:11,610
Farmington state bank that had

132
00:08:11,610 --> 00:08:15,930
bank, and FTX had a lot of

133
00:08:15,930 --> 00:08:19,350
had a lot of suspect activity

134
00:08:19,350 --> 00:08:22,920
scrutinized at all right. And so

135
00:08:22,920 --> 00:08:25,920
was a particular interest in

136
00:08:25,920 --> 00:08:29,340
relative to other US based

137
00:08:29,610 --> 00:08:33,150
with FTX. And it's interesting

138
00:08:33,150 --> 00:08:36,300
since what we're specifically

139
00:08:36,300 --> 00:08:40,500
silvergate, how, you know, with

140
00:08:40,500 --> 00:08:45,450
gone, and that doesn't really

141
00:08:45,450 --> 00:08:48,630
quote unquote, banks in the US

142
00:08:48,630 --> 00:08:52,050
it, the only other bank in that

143
00:08:52,050 --> 00:08:55,800
was like metropolitan bank or

144
00:08:55,800 --> 00:09:00,240
that they were going to get into

145
00:09:00,240 --> 00:09:03,690
this year because of regulatory

146
00:09:04,109 --> 00:09:07,289
yeah, so So let me let

147
00:09:07,289 --> 00:09:09,779
And we'll, we'll get into it

148
00:09:09,779 --> 00:09:13,079
the things that I didn't

149
00:09:13,079 --> 00:09:16,289
I read into it, the more it

150
00:09:16,289 --> 00:09:20,759
signature in particular is so

151
00:09:21,719 --> 00:09:25,049
when people sort of read about

152
00:09:25,049 --> 00:09:28,199
know, media or just anywhere

153
00:09:28,199 --> 00:09:31,409
like signature and silvergate

154
00:09:31,409 --> 00:09:34,439
were the main crypto banks and

155
00:09:34,439 --> 00:09:37,829
companies would hold their their

156
00:09:37,829 --> 00:09:41,249
Coinbase circle, I think circle

157
00:09:41,249 --> 00:09:44,459
but you know, a lot of the

158
00:09:44,459 --> 00:09:47,609
accounts there. But I actually

159
00:09:47,639 --> 00:09:50,729
you know, crypto companies,

160
00:09:50,759 --> 00:09:54,239
there are banking relationships

161
00:09:54,239 --> 00:09:57,269
mega banks, so it's not like

162
00:09:57,269 --> 00:10:00,329
what separates silver gate and

163
00:10:00,329 --> 00:10:04,439
targeted, actually have to do

164
00:10:04,529 --> 00:10:08,369
but silvergate and Signet at

165
00:10:08,369 --> 00:10:12,809
gate exchange network. And these

166
00:10:12,809 --> 00:10:19,379
functioning of a, like 24/7 Fiat

167
00:10:19,379 --> 00:10:23,309
know, like if you've ever used a

168
00:10:23,309 --> 00:10:25,529
to try to do something over the

169
00:10:25,529 --> 00:10:27,749
how are you going to send a

170
00:10:27,779 --> 00:10:31,259
you know, dollars from one place

171
00:10:31,259 --> 00:10:35,039
institutions are closed, right?

172
00:10:35,039 --> 00:10:39,869
the crypto ecosystem operates

173
00:10:39,869 --> 00:10:44,609
stable coins, and you know, you

174
00:10:44,609 --> 00:10:47,939
Fiat into the stable coin, for

175
00:10:47,939 --> 00:10:53,639
function 24/7, you need a 24/7

176
00:10:53,639 --> 00:10:58,079
happen. And so that's what

177
00:10:58,109 --> 00:11:04,919
with set. And therefore, I think

178
00:11:04,919 --> 00:11:09,059
were targeted. And in signature

179
00:11:09,359 --> 00:11:12,629
And so that this This, to me, it

180
00:11:12,629 --> 00:11:16,799
you think about it, a stable a

181
00:11:16,799 --> 00:11:21,959
function all the time. And

182
00:11:21,989 --> 00:11:26,609
if it can effectively be sort of

183
00:11:26,909 --> 00:11:32,609
That's kind of a cbdc. But being

184
00:11:32,609 --> 00:11:37,259
going to actually try to roll

185
00:11:37,259 --> 00:11:42,119
can't have a functioning, I

186
00:11:42,119 --> 00:11:45,449
say. Right, that's, that's not

187
00:11:45,660 --> 00:11:47,760
Yeah, I think that's a

188
00:11:47,760 --> 00:11:51,150
those that don't know, the

189
00:11:51,150 --> 00:11:55,560
launch its own round the clock

190
00:11:55,560 --> 00:12:02,070
which is called fed now. Right?

191
00:12:02,070 --> 00:12:04,200
this seems like kind of a

192
00:12:04,200 --> 00:12:07,470
of some of the competition to

193
00:12:07,470 --> 00:12:11,070
seems to be sort of a bigger

194
00:12:11,070 --> 00:12:14,550
whole discussion about how cbdc

195
00:12:15,480 --> 00:12:19,050
tie into everything. But yeah,

196
00:12:19,050 --> 00:12:23,820
than that these networks of, you

197
00:12:23,820 --> 00:12:27,810
crypto infrastructure have

198
00:12:27,810 --> 00:12:31,290
right? Or at least they'll be

199
00:12:31,290 --> 00:12:33,030
Street bank, right? Because

200
00:12:33,030 --> 00:12:34,950
think about it if you

201
00:12:34,950 --> 00:12:39,720
sending USD Daya stable coin,

202
00:12:40,590 --> 00:12:45,090
all the time around the world

203
00:12:45,090 --> 00:12:49,440
you need a cbdc? That sort of

204
00:12:49,440 --> 00:12:52,530
why I think that's why this was

205
00:12:53,250 --> 00:12:57,090
they're saying the FDIC is now

206
00:12:57,090 --> 00:13:00,390
signatures, assets, or the bank

207
00:13:00,390 --> 00:13:04,500
crypto part that's completely

208
00:13:04,590 --> 00:13:05,520
that's the whole point.

209
00:13:06,210 --> 00:13:08,160
Well, as we'll talk about

210
00:13:08,160 --> 00:13:10,590
arguing that the shutdown of

211
00:13:10,590 --> 00:13:15,240
arbitrary. So there's a lot of,

212
00:13:15,240 --> 00:13:18,150
with that bank in particular.

213
00:13:18,150 --> 00:13:21,300
next thing, anything you'd like

214
00:13:21,300 --> 00:13:23,880
about sin, and some of these

215
00:13:24,210 --> 00:13:26,760
I mean, they were, they

216
00:13:26,760 --> 00:13:29,670
industry. So sin was silver

217
00:13:29,670 --> 00:13:34,680
Signet, and essentially, I mean,

218
00:13:34,680 --> 00:13:39,270
obviously, people are buying

219
00:13:39,270 --> 00:13:41,910
price is moving, or if they

220
00:13:42,480 --> 00:13:46,500
on a whim. And so these

221
00:13:46,500 --> 00:13:50,250
able to send money between each

222
00:13:50,250 --> 00:13:54,900
crucial function that that

223
00:13:54,930 --> 00:13:58,530
provided the industry,

224
00:13:59,010 --> 00:14:02,490
We're using it to but even for

225
00:14:02,490 --> 00:14:07,500
move funds between each other,

226
00:14:07,500 --> 00:14:11,910
So this is being taken out,

227
00:14:12,540 --> 00:14:14,070
to a large extent.

228
00:14:14,070 --> 00:14:17,869
All right. Well, let's move

229
00:14:17,935 --> 00:14:21,603
the SVB collapse may have been

230
00:14:21,669 --> 00:14:25,403
Reserve and more specifically,

231
00:14:25,468 --> 00:14:29,202
policy during COVID. So there

232
00:14:29,268 --> 00:14:33,067
great bets made by SVB, during

233
00:14:33,133 --> 00:14:37,391
crisis and all of that, and then

234
00:14:37,457 --> 00:14:41,191
recent efforts to combat

235
00:14:41,256 --> 00:14:44,990
of that. So, what are your

236
00:14:45,056 --> 00:14:48,855
role the Federal Reserve played

237
00:14:48,921 --> 00:14:52,590
seeing or what we've seen over

238
00:14:52,950 --> 00:14:56,670
I think, I think the

239
00:14:56,670 --> 00:14:59,970
and a half years is the main

240
00:15:00,270 --> 00:15:02,550
contagion that seems to be

241
00:15:02,550 --> 00:15:07,200
United States, but also in

242
00:15:07,200 --> 00:15:10,620
2020, when the economy the

243
00:15:10,620 --> 00:15:15,090
Fed, drove interest rates down

244
00:15:15,090 --> 00:15:20,130
dollars and kept interest rates

245
00:15:20,130 --> 00:15:23,370
a year and a half. And then

246
00:15:23,370 --> 00:15:27,390
you had all these banks load up

247
00:15:27,390 --> 00:15:31,230
particular instruments and

248
00:15:31,740 --> 00:15:35,430
bought a lot of mortgage backed

249
00:15:35,430 --> 00:15:41,550
of the banking crisis of 2008.

250
00:15:41,550 --> 00:15:44,460
Bank bought these mortgage

251
00:15:44,460 --> 00:15:49,740
the balance sheet, they did that

252
00:15:49,740 --> 00:15:55,500
was likely to keep interest

253
00:15:55,500 --> 00:16:00,300
of time. So essentially, what

254
00:16:00,300 --> 00:16:03,720
raising rates last year, and

255
00:16:03,720 --> 00:16:07,650
system, Silicon Valley Bank,

256
00:16:07,650 --> 00:16:12,900
vulnerable position where they

257
00:16:12,930 --> 00:16:17,310
mismatch, they had a lot of

258
00:16:17,310 --> 00:16:21,960
which are longer dated. And as

259
00:16:22,140 --> 00:16:28,500
out of the system and Silicon

260
00:16:29,730 --> 00:16:33,390
withdrawing funds that really

261
00:16:33,390 --> 00:16:39,120
balance sheet. And so when the

262
00:16:39,150 --> 00:16:43,050
the underlying bonds, or debt

263
00:16:43,050 --> 00:16:47,040
correlation. So the Fed raises

264
00:16:47,040 --> 00:16:50,700
and pulls dollars out of the

265
00:16:50,940 --> 00:16:54,690
the price of those instruments

266
00:16:54,690 --> 00:17:01,530
And so what we found was Silicon

267
00:17:01,530 --> 00:17:04,320
their balance sheet, and they

268
00:17:04,320 --> 00:17:08,580
so it was essentially just a

269
00:17:08,850 --> 00:17:11,370
has kept raising rates and kept

270
00:17:11,370 --> 00:17:15,240
system, the value of that

271
00:17:15,240 --> 00:17:18,870
was decreasing. And this is

272
00:17:18,870 --> 00:17:22,170
just Silicon Valley Bank. It's

273
00:17:22,170 --> 00:17:25,350
securities, it's treasuries as

274
00:17:25,350 --> 00:17:27,660
of buying mortgage backed

275
00:17:27,690 --> 00:17:30,870
find themselves in the same

276
00:17:30,870 --> 00:17:36,660
happened last week is the bomb

277
00:17:36,660 --> 00:17:40,650
reserves and their balance sheet

278
00:17:40,650 --> 00:17:43,950
people began withdrawing cash

279
00:17:44,730 --> 00:17:48,510
probably stemming from fears of

280
00:17:48,510 --> 00:17:52,800
customers wanting to diversify a

281
00:17:52,800 --> 00:17:55,710
their mortgage backed securities

282
00:17:55,710 --> 00:17:59,820
then that created the cascading

283
00:17:59,880 --> 00:18:03,780
these instruments, in just the

284
00:18:03,780 --> 00:18:06,930
price down even further. And as

285
00:18:07,410 --> 00:18:09,660
the value of that part of their

286
00:18:09,660 --> 00:18:12,540
collapsed. And then on top of

287
00:18:12,540 --> 00:18:15,660
mortgage backed securities that

288
00:18:15,660 --> 00:18:20,250
something like treasuries. And

289
00:18:20,250 --> 00:18:27,930
and that was exacerbated by the

290
00:18:27,930 --> 00:18:30,810
country, basically, going to

291
00:18:30,810 --> 00:18:36,360
Thiel, most notably from

292
00:18:36,450 --> 00:18:40,740
portfolio companies, and urging

293
00:18:41,220 --> 00:18:45,210
Silicon Valley Bank last week,

294
00:18:45,240 --> 00:18:48,570
created a massive run on the

295
00:18:48,570 --> 00:18:49,020
within

296
00:18:50,549 --> 00:18:55,919
48 hours. Yeah, and, you know,

297
00:18:55,919 --> 00:19:00,329
perspective here, too. So anyone

298
00:19:00,329 --> 00:19:03,119
financial industry or watches

299
00:19:04,259 --> 00:19:07,469
will know that there's, you

300
00:19:07,619 --> 00:19:12,149
that when the Fed embarks on a

301
00:19:12,149 --> 00:19:14,609
cycle, that they break

302
00:19:14,609 --> 00:19:18,509
usually break something big. And

303
00:19:18,509 --> 00:19:20,549
know, when the Fed starts

304
00:19:20,819 --> 00:19:23,759
everyone's every sort of market

305
00:19:23,759 --> 00:19:26,729
there waiting for like, the dead

306
00:19:26,729 --> 00:19:30,179
surface, because it always

307
00:19:30,179 --> 00:19:34,289
particular, you really knew it

308
00:19:34,319 --> 00:19:39,359
cycle of the lowest interest

309
00:19:39,359 --> 00:19:44,159
extended. I mean, it was really

310
00:19:44,189 --> 00:19:48,929
craziness, right so much insane

311
00:19:48,929 --> 00:19:53,849
you know, buying, you know,

312
00:19:53,849 --> 00:19:59,579
treasury bonds at the highest

313
00:19:59,609 --> 00:20:03,689
was What a year yeah, 40 year

314
00:20:03,719 --> 00:20:07,019
with leverage, potentially in

315
00:20:07,019 --> 00:20:09,839
bodies to float to the surface

316
00:20:09,839 --> 00:20:14,399
high. And I think everyone needs

317
00:20:14,399 --> 00:20:17,819
in 2008. And 2009. You know, it

318
00:20:17,819 --> 00:20:21,569
crisis in the bailouts, there

319
00:20:21,569 --> 00:20:26,129
that happened afterwards.

320
00:20:26,129 --> 00:20:31,499
creates a scenario where people

321
00:20:31,499 --> 00:20:36,419
is struggling, and on the verge

322
00:20:36,419 --> 00:20:39,809
the Fed and the government can

323
00:20:39,839 --> 00:20:42,989
you know, and say, Okay, well,

324
00:20:42,989 --> 00:20:46,259
you can get trillions, and then

325
00:20:46,289 --> 00:20:49,379
Right. And that's exactly what

326
00:20:49,379 --> 00:20:53,819
what happened after 2008, the

327
00:20:53,819 --> 00:20:56,369
mean, effectively, the Fed can

328
00:20:56,369 --> 00:20:58,919
don't think there's anything the

329
00:20:58,919 --> 00:21:01,409
was scary enough at this point,

330
00:21:01,409 --> 00:21:03,719
able to do it, and Congress

331
00:21:03,719 --> 00:21:07,079
save us, right. You know, kind

332
00:21:07,079 --> 00:21:10,619
crazy things there too, right?

333
00:21:10,619 --> 00:21:13,739
that's the world we're in now.

334
00:21:13,739 --> 00:21:16,289
Prior to that, that there was

335
00:21:16,289 --> 00:21:19,649
and so I remember very clearly,

336
00:21:19,649 --> 00:21:24,059
much uproar over things that now

337
00:21:24,059 --> 00:21:26,999
part of the regular fed duties,

338
00:21:26,999 --> 00:21:29,909
unprecedented back then. So the

339
00:21:29,909 --> 00:21:34,349
consolidated, post 2008 was

340
00:21:34,349 --> 00:21:38,099
that the big banks consolidated,

341
00:21:38,909 --> 00:21:41,849
Beyond that, with the housing

342
00:21:41,849 --> 00:21:47,009
housing market, post 2008, that

343
00:21:47,009 --> 00:21:50,219
of how the housing market

344
00:21:50,219 --> 00:21:52,439
really, I mean, this was, this

345
00:21:52,439 --> 00:21:55,949
was just so enraged, raged about

346
00:21:55,949 --> 00:21:59,549
normal stuff, right. So you

347
00:21:59,549 --> 00:22:01,919
kicked out of their homes left

348
00:22:01,949 --> 00:22:04,649
right. They were foreclosed on,

349
00:22:04,679 --> 00:22:07,109
They were just getting kicked to

350
00:22:07,109 --> 00:22:10,349
because oh, they were, you know,

351
00:22:10,439 --> 00:22:13,229
as if they were the ones that

352
00:22:13,499 --> 00:22:17,069
And then guess what happened up

353
00:22:17,099 --> 00:22:21,179
Blackstone in particular, but

354
00:22:21,179 --> 00:22:24,839
extraordinarily cheap financing

355
00:22:24,839 --> 00:22:28,739
there. And they had access to

356
00:22:28,739 --> 00:22:32,819
invitation homes. And they were

357
00:22:32,849 --> 00:22:36,359
Americans got kicked out of, and

358
00:22:36,389 --> 00:22:40,139
I want to make sure that

359
00:22:40,649 --> 00:22:43,889
when the Fed breaks stuff in a

360
00:22:43,889 --> 00:22:48,689
process of doing, that is always

361
00:22:48,689 --> 00:22:51,029
consolidation. And that's

362
00:22:51,029 --> 00:22:53,009
happen, or at least going to be

363
00:22:53,670 --> 00:22:56,190
Yeah, a friend of mine

364
00:22:56,190 --> 00:23:00,090
he'd seen on on Twitter, that

365
00:23:00,090 --> 00:23:04,950
graphical representation of how

366
00:23:04,950 --> 00:23:08,730
big Wall Street banks have

367
00:23:08,730 --> 00:23:12,540
past few decades. I mean, we'll

368
00:23:12,540 --> 00:23:15,960
pretty quiet, it's pretty crazy

369
00:23:15,960 --> 00:23:19,860
know, what started off, you

370
00:23:19,860 --> 00:23:22,980
Banks is like three banks now.

371
00:23:22,980 --> 00:23:26,280
stuff, like you're talking

372
00:23:26,280 --> 00:23:29,490
right now, it's pretty much

373
00:23:29,550 --> 00:23:32,610
Will some one of these big

374
00:23:32,610 --> 00:23:37,530
ones that buy up a lot of what's

375
00:23:37,530 --> 00:23:40,800
don't know. I mean, it's

376
00:23:40,800 --> 00:23:43,590
think is definitely in the

377
00:23:43,860 --> 00:23:46,260
what happens during any

378
00:23:46,290 --> 00:23:51,120
wealth goes up, and the people

379
00:23:51,120 --> 00:23:53,100
and over again. So it doesn't

380
00:23:53,100 --> 00:23:55,230
happening now or any different

381
00:23:55,230 --> 00:23:56,310
in the past but

382
00:23:56,430 --> 00:23:59,970
not in the really

383
00:24:00,210 --> 00:24:03,390
really breaks things in both

384
00:24:03,390 --> 00:24:05,820
policy. So when they're when

385
00:24:05,820 --> 00:24:11,100
printing money, because COVID

386
00:24:11,100 --> 00:24:14,430
broke supply chains and pricing

387
00:24:14,430 --> 00:24:22,680
why inflation flew 2021 and

388
00:24:22,710 --> 00:24:25,620
break things when they raise

389
00:24:27,060 --> 00:24:32,400
it's true for they're doing

390
00:24:32,400 --> 00:24:35,580
direction when they're lowering

391
00:24:35,580 --> 00:24:41,130
pernicious factor throughout our

392
00:24:41,130 --> 00:24:45,540
screwing you by adding fuel to

393
00:24:45,810 --> 00:24:49,170
conversely, the other way, was

394
00:24:49,200 --> 00:24:51,450
that leads to all this

395
00:24:51,450 --> 00:24:51,900
described.

396
00:24:52,259 --> 00:24:55,319
Yeah, well, I mean, we're at

397
00:24:55,319 --> 00:24:58,829
think it's pretty fair to say

398
00:24:58,829 --> 00:25:00,359
work, make it go Uh,

399
00:25:00,869 --> 00:25:03,299
yeah. And also and

400
00:25:03,299 --> 00:25:06,179
things I was writing about when

401
00:25:06,179 --> 00:25:10,439
was this concept of financial

402
00:25:10,469 --> 00:25:12,779
for example, during that period

403
00:25:12,779 --> 00:25:15,569
example of many, but during the

404
00:25:15,569 --> 00:25:20,249
0% rates, and you know,

405
00:25:20,249 --> 00:25:23,339
institutions and people that

406
00:25:23,369 --> 00:25:27,719
or the Fed could essentially

407
00:25:27,719 --> 00:25:31,169
was your credit card? Right, you

408
00:25:31,169 --> 00:25:34,199
two? Was it three? Was it four?

409
00:25:34,229 --> 00:25:37,799
19%, you know, and so, you know,

410
00:25:38,099 --> 00:25:42,629
again, it's important to

411
00:25:42,749 --> 00:25:46,379
system of the Fed, right, you

412
00:25:46,409 --> 00:25:50,189
pumping liquidity, and then

413
00:25:50,219 --> 00:25:54,269
to the power consolidation and

414
00:25:54,269 --> 00:26:00,419
that there there are people and

415
00:26:00,449 --> 00:26:04,529
throughout systemically favored.

416
00:26:04,529 --> 00:26:09,629
who does not have the ability to

417
00:26:09,629 --> 00:26:12,539
rates. In fact, the only, and I

418
00:26:12,539 --> 00:26:16,199
with mighty ones. But the only

419
00:26:16,199 --> 00:26:20,039
or you know, a Normie, has has

420
00:26:20,039 --> 00:26:24,809
leverage in a big way like the

421
00:26:24,809 --> 00:26:27,239
buying homes. Actually, that's,

422
00:26:27,269 --> 00:26:29,969
because when you buy a home and

423
00:26:29,969 --> 00:26:34,019
what you're doing. So that other

424
00:26:34,019 --> 00:26:38,219
the average person is paying

425
00:26:38,219 --> 00:26:40,769
borrowing at zero and just like

426
00:26:41,190 --> 00:26:45,120
All right, well, how about

427
00:26:45,120 --> 00:26:48,870
of Silicon Valley Bank itself,

428
00:26:48,870 --> 00:26:52,140
and then take a look at

429
00:26:52,140 --> 00:26:55,560
really talked about them too

430
00:26:55,560 --> 00:26:57,540
probably know, by now, at least

431
00:26:57,540 --> 00:27:02,070
this, a lot, at least, the

432
00:27:02,070 --> 00:27:04,890
that a lot of what happened with

433
00:27:06,270 --> 00:27:10,050
allegedly triggered by a threat

434
00:27:10,050 --> 00:27:14,910
rating, a rating agency Moody's,

435
00:27:14,910 --> 00:27:19,860
so I guess we'll go from there

436
00:27:20,580 --> 00:27:22,290
that led to the collapse of this

437
00:27:22,680 --> 00:27:27,090
I mean, sure, so So

438
00:27:27,090 --> 00:27:30,150
my understanding of the

439
00:27:30,150 --> 00:27:32,610
interesting to sort of plays

440
00:27:32,610 --> 00:27:37,980
but what really got it going was

441
00:27:37,980 --> 00:27:42,030
Silicon Valley Bank executives

442
00:27:42,060 --> 00:27:45,690
you know, you're about to be

443
00:27:45,690 --> 00:27:50,310
you remember, again, the

444
00:27:50,310 --> 00:27:56,160
recall that the ratings agencies

445
00:27:56,160 --> 00:28:00,780
that all these junk mortgage

446
00:28:00,780 --> 00:28:03,570
course, they were worthless,

447
00:28:03,570 --> 00:28:05,820
agencies are still around, and

448
00:28:05,820 --> 00:28:09,540
things sort of in a crony or

449
00:28:09,600 --> 00:28:13,800
with that call Silicon Valley

450
00:28:13,800 --> 00:28:16,440
needed to do something and part

451
00:28:16,440 --> 00:28:20,010
trying to shore up their

452
00:28:20,010 --> 00:28:24,900
began trying to raise money, and

453
00:28:24,900 --> 00:28:27,480
back to what happened with

454
00:28:27,480 --> 00:28:30,180
they essentially had to prepay

455
00:28:30,180 --> 00:28:34,110
the fhlb loan. This is when

456
00:28:34,140 --> 00:28:38,430
realizing losses. And when you

457
00:28:38,430 --> 00:28:42,930
you can't, you have to then take

458
00:28:42,930 --> 00:28:45,360
sort of like this downward

459
00:28:45,360 --> 00:28:47,610
realize a loss, then you then

460
00:28:47,610 --> 00:28:49,380
you have to raise money, and

461
00:28:49,380 --> 00:28:51,930
money. And then there's, and

462
00:28:51,930 --> 00:28:55,230
thing. But the really

463
00:28:55,350 --> 00:28:58,860
is the role that Peter Thiel

464
00:28:58,860 --> 00:29:02,070
sense that he really, I mean,

465
00:29:02,070 --> 00:29:05,040
became public that he was

466
00:29:05,040 --> 00:29:08,910
Founders Fund to pull all of

467
00:29:08,910 --> 00:29:12,810
it. I mean, that was the end of

468
00:29:12,810 --> 00:29:16,620
effectively doing that Silicon

469
00:29:17,730 --> 00:29:21,300
You know, and so that's the

470
00:29:21,330 --> 00:29:25,830
yeah, it's it's bizarre, you

471
00:29:25,830 --> 00:29:28,050
can do that to anyone. And

472
00:29:28,050 --> 00:29:30,930
know, Moody's can sort of go but

473
00:29:30,960 --> 00:29:33,120
You know what I mean? Like,

474
00:29:33,120 --> 00:29:36,630
Morgan? Probably not. But

475
00:29:36,630 --> 00:29:40,380
at other regional banks. You

476
00:29:40,380 --> 00:29:43,500
think they're looking at like

477
00:29:43,529 --> 00:29:47,639
Yeah. Oh, America. There's a

478
00:29:47,639 --> 00:29:49,469
first republic is another one.

479
00:29:49,680 --> 00:29:51,810
Exactly. And so the

480
00:29:51,810 --> 00:29:55,020
sparking something. So, you

481
00:29:55,020 --> 00:29:58,470
playing in this? You know, to

482
00:29:58,470 --> 00:30:02,850
is it not, you know, again, I go

483
00:30:02,880 --> 00:30:06,660
would would would it be allowed

484
00:30:06,660 --> 00:30:09,930
the biggest bet like a JP Morgan

485
00:30:09,930 --> 00:30:14,700
similar issues? Would Moody's be

486
00:30:14,700 --> 00:30:18,240
make that phone call? Or that

487
00:30:18,240 --> 00:30:20,790
not, that's exactly how you

488
00:30:21,539 --> 00:30:25,439
And literally, as we're talking

489
00:30:25,439 --> 00:30:29,189
just mentioned their their

490
00:30:29,309 --> 00:30:33,359
limit down as soon as the market

491
00:30:34,649 --> 00:30:39,749
there it is, is taking that back

492
00:30:40,230 --> 00:30:43,740
Right. So So again, I mean,

493
00:30:43,740 --> 00:30:45,930
think people need to understand.

494
00:30:45,930 --> 00:30:52,470
rolling on a total bank run is

495
00:30:52,470 --> 00:30:56,700
feels to me as if it's being

496
00:30:56,700 --> 00:31:01,170
sort of being encouraged,

497
00:31:01,170 --> 00:31:05,160
these on these non Cisco

498
00:31:05,160 --> 00:31:08,880
right, the too big to fails. You

499
00:31:09,960 --> 00:31:12,990
I was just gonna say that's,

500
00:31:12,990 --> 00:31:17,370
this, again, being somewhat

501
00:31:17,400 --> 00:31:20,760
they're scrambling for bank

502
00:31:21,240 --> 00:31:25,560
these bank runs and failures. JP

503
00:31:25,560 --> 00:31:28,770
Fargo are benefiting massively

504
00:31:28,770 --> 00:31:32,370
banks to open accounts, move

505
00:31:32,370 --> 00:31:33,030
as possible.

506
00:31:33,539 --> 00:31:36,329
Right, because, right, exactly,

507
00:31:36,329 --> 00:31:40,349
is that they're too big to fail.

508
00:31:40,349 --> 00:31:42,389
state completely. I mean,

509
00:31:42,389 --> 00:31:45,809
same thing effectively. Oh, and

510
00:31:45,809 --> 00:31:48,479
sent with me and yeah, so so

511
00:31:48,479 --> 00:31:52,439
republic. Moody's puts first

512
00:31:52,439 --> 00:31:55,229
downgrade launch Western

513
00:31:55,229 --> 00:32:01,979
mean, there you go. I mean, this

514
00:32:01,979 --> 00:32:04,529
they were thinking about doing

515
00:32:04,529 --> 00:32:06,389
get a phone call, Moody's would

516
00:32:06,389 --> 00:32:11,399
be told don't do it. So they're

517
00:32:11,399 --> 00:32:14,459
encouraged to do this. You know,

518
00:32:14,459 --> 00:32:14,939
ends?

519
00:32:15,630 --> 00:32:18,570
Yes, second bank on that list,

520
00:32:18,570 --> 00:32:20,910
were just halted as well for

521
00:32:20,910 --> 00:32:21,510
that going on?

522
00:32:21,839 --> 00:32:25,799
Because yeah, it's ongoing. It's

523
00:32:26,099 --> 00:32:29,879
snowball that's intentionally

524
00:32:30,720 --> 00:32:33,990
So let's talk about you

525
00:32:33,990 --> 00:32:36,780
bit ago. So let's talk about him

526
00:32:36,780 --> 00:32:41,190
mainstream media, at least

527
00:32:41,190 --> 00:32:46,290
talking about his role. So you

528
00:32:46,290 --> 00:32:51,240
investigative journalist, I

529
00:32:51,240 --> 00:32:54,360
did not properly hedge its risks

530
00:32:54,360 --> 00:32:58,110
of those risks being

531
00:32:58,110 --> 00:33:03,030
Peter Thiel. So is he I guess,

532
00:33:03,030 --> 00:33:06,870
Thiel on startups that we're

533
00:33:07,349 --> 00:33:10,019
I think that is

534
00:33:10,019 --> 00:33:14,219
also add, it's not on the

535
00:33:14,249 --> 00:33:17,129
founders funds portfolio, but

536
00:33:17,129 --> 00:33:20,669
generally, I think people in the

537
00:33:20,669 --> 00:33:24,389
Thiel, and put him on a pedestal

538
00:33:25,049 --> 00:33:29,189
they're probably they're a bunch

539
00:33:29,189 --> 00:33:33,389
Peter signals something, they're

540
00:33:33,389 --> 00:33:36,569
it's not as natural as founders

541
00:33:36,569 --> 00:33:38,429
just the valley or generally as

542
00:33:39,029 --> 00:33:41,699
Right. Okay. So what's

543
00:33:41,729 --> 00:33:47,399
you have some companies like one

544
00:33:47,399 --> 00:33:52,379
Brax. That's backed by teal and

545
00:33:52,379 --> 00:33:56,699
get billions of dollars out of

546
00:33:56,699 --> 00:33:59,969
before it collapsed. Yeah, which

547
00:33:59,969 --> 00:34:04,229
to telling people to get their

548
00:34:04,229 --> 00:34:06,389
interesting to me just because

549
00:34:06,389 --> 00:34:08,999
people around sort of this Pay

550
00:34:08,999 --> 00:34:12,989
call it the PayPal Mafia. So in

551
00:34:12,989 --> 00:34:18,419
is backed by teal and another.

552
00:34:18,419 --> 00:34:21,449
but one of the early CEOs when

553
00:34:21,629 --> 00:34:25,289
And then you have that

554
00:34:25,319 --> 00:34:32,189
up with open AI, which is chat

555
00:34:32,189 --> 00:34:36,569
to create advanced AI powered

556
00:34:36,599 --> 00:34:41,399
So basically turning chat GPT

557
00:34:41,399 --> 00:34:45,059
can be used to probably get rid

558
00:34:45,059 --> 00:34:48,989
sector. Because you know, what

559
00:34:48,989 --> 00:34:51,479
of my recent workouts that GBT

560
00:34:51,479 --> 00:34:54,599
talking about how it's passing

561
00:34:54,599 --> 00:34:56,969
lawyers. It'll replace

562
00:34:56,969 --> 00:34:59,579
interesting to see some of those

563
00:34:59,579 --> 00:35:04,679
himself Golf was talking about,

564
00:35:04,739 --> 00:35:07,829
guess I forgot to mention that

565
00:35:07,829 --> 00:35:11,909
helped co found open AI chat

566
00:35:11,909 --> 00:35:15,749
part of the same Pay Pal Nexus

567
00:35:15,749 --> 00:35:19,649
to the idea of buying Silicon

568
00:35:19,649 --> 00:35:22,559
a digital bank. Kind of

569
00:35:23,010 --> 00:35:26,040
Yeah, that that was

570
00:35:26,040 --> 00:35:28,620
also made a comment though,

571
00:35:28,620 --> 00:35:32,370
chat. GPT Did you Did you Did

572
00:35:32,940 --> 00:35:36,660
strange, because someone was

573
00:35:36,660 --> 00:35:39,600
from being open to not open. And

574
00:35:39,600 --> 00:35:43,320
to like, apparently, very

575
00:35:43,320 --> 00:35:46,800
said something about that. He

576
00:35:46,800 --> 00:35:49,080
million, just a nonprofit. And

577
00:35:49,080 --> 00:35:51,180
you know, not nonprofit, like,

578
00:35:51,180 --> 00:35:54,840
legal? So yeah. Right. So yeah,

579
00:35:54,840 --> 00:35:56,850
anything there? Because I don't

580
00:35:56,850 --> 00:35:57,090
that.

581
00:35:57,930 --> 00:36:01,020
Yeah, I was, like opening eyes

582
00:36:01,050 --> 00:36:03,810
Because like you mentioned, it

583
00:36:03,960 --> 00:36:08,640
Elon pumped a bunch of cash into

584
00:36:08,940 --> 00:36:11,400
of AI and said, Alright, if

585
00:36:11,400 --> 00:36:16,200
after AI, we want it to be in a

586
00:36:16,200 --> 00:36:20,580
source to an extent, but Sam

587
00:36:20,580 --> 00:36:24,930
AI, I think at one point, he

588
00:36:24,930 --> 00:36:28,560
that can be driven from this

589
00:36:28,560 --> 00:36:30,600
what, we're not going to be

590
00:36:30,600 --> 00:36:34,170
make this a profit driven

591
00:36:34,170 --> 00:36:40,770
understand it's Earth. Elon,

592
00:36:40,770 --> 00:36:43,950
interesting thing to know with

593
00:36:43,950 --> 00:36:47,280
Altman, he's also the founder of

594
00:36:47,280 --> 00:36:51,930
attempt to create like a cbdc.

595
00:36:51,960 --> 00:36:57,150
why they the guy scanning

596
00:36:57,390 --> 00:37:00,240
they're still doing it.

597
00:37:00,240 --> 00:37:02,610
are attacking, I would use the

598
00:37:02,610 --> 00:37:06,060
Africa, scanning people's irises

599
00:37:06,060 --> 00:37:06,810
wallet right now.

600
00:37:07,500 --> 00:37:08,580
Yeah, remember? Thanks.

601
00:37:08,610 --> 00:37:11,010
Yeah, yeah, I think I

602
00:37:11,010 --> 00:37:12,810
was still going on. That's

603
00:37:12,810 --> 00:37:15,510
that. But yeah, totally. I think

604
00:37:15,510 --> 00:37:18,660
marketing ploy was that if you

605
00:37:18,660 --> 00:37:23,760
some free world. Yeah. Like it

606
00:37:23,760 --> 00:37:25,140
little they think of people?

607
00:37:26,100 --> 00:37:29,310
Yeah, well, I mean, chat

608
00:37:29,310 --> 00:37:31,830
have a bunch of people thinking

609
00:37:31,830 --> 00:37:34,710
toy, but they're basically

610
00:37:34,710 --> 00:37:37,530
take all their jobs away. And

611
00:37:37,530 --> 00:37:41,340
upgrade of it, because you know,

612
00:37:41,340 --> 00:37:46,200
algorithm for them for free. And

613
00:37:46,200 --> 00:37:49,770
up with companies like this to

614
00:37:49,770 --> 00:37:54,300
then use all that data that

615
00:37:54,330 --> 00:37:57,660
come in and do a whole bunch of,

616
00:37:57,660 --> 00:38:01,830
automating more and more jobs.

617
00:38:01,830 --> 00:38:05,760
about chat. GPT, but I don't

618
00:38:05,760 --> 00:38:09,330
go back to Peter Thiel for a

619
00:38:09,330 --> 00:38:12,630
remember that a couple years ago

620
00:38:12,630 --> 00:38:18,000
unusual comment about Bitcoin

621
00:38:18,000 --> 00:38:21,750
with Mike Pompeo, who was either

622
00:38:21,750 --> 00:38:25,950
director at the time, I can't

623
00:38:25,980 --> 00:38:28,800
essentially said that, you know,

624
00:38:28,800 --> 00:38:33,120
prefaced the statement by saying

625
00:38:33,120 --> 00:38:38,010
Bitcoin maximalist, he claimed

626
00:38:38,010 --> 00:38:42,180
Chinese financial weapon. And

627
00:38:42,180 --> 00:38:44,610
context of what we talked about

628
00:38:44,610 --> 00:38:47,220
like Elizabeth Warren, for

629
00:38:47,220 --> 00:38:50,310
prominent Democrats and also

630
00:38:50,310 --> 00:38:53,520
the claim that cryptocurrency

631
00:38:53,520 --> 00:38:55,230
national security threats.

632
00:38:55,710 --> 00:38:58,560
Yeah. So so so that

633
00:38:58,560 --> 00:39:02,310
happened, and I went kind of a

634
00:39:02,310 --> 00:39:05,910
Twitter, because it was so it

635
00:39:05,910 --> 00:39:11,460
him say that, yeah, that was

636
00:39:11,460 --> 00:39:14,610
just kind of dissect that a

637
00:39:14,610 --> 00:39:19,110
all of his, what we what we may

638
00:39:19,140 --> 00:39:22,770
intelligent individual. Right?

639
00:39:23,040 --> 00:39:28,590
Right. And so he knows exactly

640
00:39:28,590 --> 00:39:31,950
knows what he's saying. It's not

641
00:39:31,950 --> 00:39:35,160
to come out there and say that

642
00:39:35,160 --> 00:39:37,980
weapon against the United

643
00:39:37,980 --> 00:39:43,050
next to Mike Pompeo. That is a

644
00:39:43,050 --> 00:39:46,320
Totally putting out there. Yeah.

645
00:39:46,320 --> 00:39:49,350
way he doesn't know. He doesn't

646
00:39:49,350 --> 00:39:53,670
seeding that narrative. And that

647
00:39:53,670 --> 00:39:59,100
security Deep State talking

648
00:39:59,100 --> 00:40:03,360
guy who you If he claims to

649
00:40:03,360 --> 00:40:06,750
spin Bitcoin in such a way when

650
00:40:06,750 --> 00:40:10,230
has not been encouraging to

651
00:40:10,230 --> 00:40:14,130
been in many steps of cracking

652
00:40:14,130 --> 00:40:17,010
like China has been, yeah,

653
00:40:17,010 --> 00:40:20,610
advance the cause of Bitcoin

654
00:40:20,610 --> 00:40:23,820
opposite, in fact, so for him to

655
00:40:23,820 --> 00:40:29,280
dishonest. So that's a red flag

656
00:40:29,280 --> 00:40:32,130
actually believe in freedom, you

657
00:40:32,130 --> 00:40:36,570
dedicated his life to linking

658
00:40:36,570 --> 00:40:40,140
American values, which I

659
00:40:41,130 --> 00:40:45,510
to to denigrate Bitcoin, in this

660
00:40:45,510 --> 00:40:50,130
understands that it does embody,

661
00:40:50,130 --> 00:40:55,380
the Republic of the United

662
00:40:55,380 --> 00:40:59,220
so, you know, for me, I feel

663
00:40:59,220 --> 00:41:03,510
talking out of both sides of his

664
00:41:03,510 --> 00:41:08,490
he's doing it on purpose or not,

665
00:41:08,490 --> 00:41:12,450
that he is, he's too often

666
00:41:12,450 --> 00:41:18,240
himself. And he portrays himself

667
00:41:18,240 --> 00:41:20,730
says things that are completely

668
00:41:20,730 --> 00:41:24,570
saying. So a very strange

669
00:41:24,780 --> 00:41:29,460
I know Whitney has done a lot of

670
00:41:29,460 --> 00:41:32,070
Palantir and all that stuff in

671
00:41:32,070 --> 00:41:36,180
security state. But yeah, this

672
00:41:36,180 --> 00:41:38,820
never forget it, you know,

673
00:41:38,820 --> 00:41:42,960
up. I mean, that was a very

674
00:41:43,590 --> 00:41:47,670
huge red flag and destructive

675
00:41:47,670 --> 00:41:49,920
there, which is also completely

676
00:41:49,950 --> 00:41:52,020
I mean, it's weird, because

677
00:41:52,020 --> 00:41:54,660
year later, he's at the Bitcoin

678
00:41:54,660 --> 00:41:58,800
about how great bitcoin is after

679
00:41:58,800 --> 00:42:01,290
financial weapon, and he

680
00:42:01,290 --> 00:42:04,260
guy. So I think he definitely

681
00:42:04,560 --> 00:42:08,550
pro freedom crowd. So you know,

682
00:42:08,550 --> 00:42:11,820
example, as a Bitcoin Maxy, and

683
00:42:11,820 --> 00:42:15,090
financial weapon, he'll call

684
00:42:15,090 --> 00:42:18,420
only built the most like

685
00:42:18,420 --> 00:42:22,290
the hands of every single US

686
00:42:22,290 --> 00:42:26,160
a profile of you know, thought

687
00:42:26,160 --> 00:42:29,700
this war on domestic terror. And

688
00:42:29,700 --> 00:42:33,690
websites like Seeking Alpha,

689
00:42:34,170 --> 00:42:39,180
Palantir to rein in Bitcoin,

690
00:42:39,180 --> 00:42:44,130
and that is not someone who is

691
00:42:44,130 --> 00:42:48,180
know, he likes to posture as

692
00:42:48,180 --> 00:42:51,690
think it's a calculated PR move

693
00:42:51,960 --> 00:42:55,770
cater to a very specific

694
00:42:55,770 --> 00:42:59,190
he puts out publicly, his

695
00:42:59,190 --> 00:43:01,830
that, while at the same time, it

696
00:43:01,830 --> 00:43:03,660
time he's playing a different

697
00:43:03,660 --> 00:43:06,270
it's we I mean,

698
00:43:06,270 --> 00:43:10,590
definitely seems like the person

699
00:43:10,590 --> 00:43:14,370
then every action he takes seems

700
00:43:14,370 --> 00:43:16,050
about himself. Very bizarre guy.

701
00:43:16,860 --> 00:43:21,360
Yeah, it's, it's very

702
00:43:21,360 --> 00:43:24,900
of the hardest people to read,

703
00:43:24,900 --> 00:43:28,110
like, is he trying to take a

704
00:43:28,110 --> 00:43:31,740
out of both sides of his mouth,

705
00:43:31,740 --> 00:43:35,760
for freedom with Bitcoin and pro

706
00:43:35,790 --> 00:43:38,940
companies like Palantir I don't

707
00:43:38,970 --> 00:43:41,640
and also the companies he

708
00:43:41,640 --> 00:43:45,780
Anduril, which is run by Palmer

709
00:43:45,780 --> 00:43:49,560
Rift, left Facebook created an

710
00:43:49,560 --> 00:43:52,830
basically, for US national

711
00:43:52,830 --> 00:43:57,600
creating basically a

712
00:43:57,600 --> 00:44:01,470
Mexican border, ostensibly to

713
00:44:01,470 --> 00:44:05,880
will also keep people from going

714
00:44:05,880 --> 00:44:08,760
not just keep people from going

715
00:44:08,760 --> 00:44:12,960
that's all surveillance drones

716
00:44:12,960 --> 00:44:15,600
know, surveillance towers. I

717
00:44:15,600 --> 00:44:18,720
tower. You know, these guys love

718
00:44:20,010 --> 00:44:23,790
you know, references and all

719
00:44:23,790 --> 00:44:26,670
know, he's also put a lot of

720
00:44:26,670 --> 00:44:29,550
911, which is all tied up with

721
00:44:29,550 --> 00:44:32,160
about them before, and they're

722
00:44:32,160 --> 00:44:36,720
the entire United States 911

723
00:44:37,440 --> 00:44:40,590
right now. And part of that is

724
00:44:40,590 --> 00:44:44,490
put through by Congress last

725
00:44:44,820 --> 00:44:48,030
circling back to that at some

726
00:44:48,030 --> 00:44:51,960
there's a you know, Founders

727
00:44:51,990 --> 00:44:55,650
Orwellian hellish stuff, so I

728
00:44:55,650 --> 00:45:01,680
me to see these guys is as Pro

729
00:45:01,709 --> 00:45:04,229
windy, I just want one

730
00:45:04,679 --> 00:45:07,019
something that I've thought

731
00:45:07,019 --> 00:45:11,639
if they're gonna roll if a big

732
00:45:11,639 --> 00:45:15,779
coming, which I think we all

733
00:45:15,779 --> 00:45:18,899
would it be to have the big

734
00:45:18,899 --> 00:45:23,459
banking to effectively rally

735
00:45:23,819 --> 00:45:27,179
part of what's going on here

736
00:45:27,209 --> 00:45:32,399
now the valley feels indebted in

737
00:45:32,399 --> 00:45:38,519
state, and maybe more likely to

738
00:45:38,519 --> 00:45:45,059
and, you know, some sort of

739
00:45:45,059 --> 00:45:48,809
just I'm guessing that the the

740
00:45:48,809 --> 00:45:52,919
cbdc will be somehow and I'm not

741
00:45:54,089 --> 00:45:56,669
promoted as a public private

742
00:45:56,969 --> 00:45:59,189
I was just gonna say that.

743
00:45:59,189 --> 00:46:02,879
some sort of public private pre

744
00:46:02,879 --> 00:46:06,269
alongside it, maybe following

745
00:46:06,269 --> 00:46:09,629
coin model in Russia through

746
00:46:09,959 --> 00:46:13,079
it's run by Herman Graf, who's

747
00:46:13,079 --> 00:46:16,709
Economic Forum. But it's

748
00:46:16,709 --> 00:46:19,949
But it's already widely in use.

749
00:46:19,949 --> 00:46:21,719
private thing. Yeah. But public,

750
00:46:21,750 --> 00:46:25,320
a public private cbdc

751
00:46:25,320 --> 00:46:29,430
There's no way the government

752
00:46:29,430 --> 00:46:32,700
software that produces a cbdc.

753
00:46:32,700 --> 00:46:38,160
website for healthcare.gov.

754
00:46:38,550 --> 00:46:40,770
they're going to need the tech

755
00:46:40,949 --> 00:46:44,249
Right. Right. And so is this is

756
00:46:44,249 --> 00:46:46,949
Bank in some way? Yeah, I don't

757
00:46:46,949 --> 00:46:50,729
weird things where we kind of

758
00:46:50,729 --> 00:46:53,579
But I do, I do think, and this

759
00:46:53,579 --> 00:46:57,209
on and be part of this is that

760
00:46:57,209 --> 00:47:01,289
now. Because the reason COVID

761
00:47:01,559 --> 00:47:04,139
you know, and it's sigh off the

762
00:47:04,529 --> 00:47:07,739
And I'm pretty ashamed of that.

763
00:47:08,579 --> 00:47:13,649
was that it was so kind of it

764
00:47:13,679 --> 00:47:16,799
at once out of nowhere, that

765
00:47:16,799 --> 00:47:21,119
really thinking about. And so

766
00:47:21,119 --> 00:47:23,069
about the stuff ahead of time,

767
00:47:23,069 --> 00:47:24,479
exactly what they're up to.

768
00:47:25,739 --> 00:47:29,249
Yeah, totally. Well, on that

769
00:47:29,249 --> 00:47:33,119
some sort of public private

770
00:47:33,119 --> 00:47:36,719
necessarily have to be overtly

771
00:47:36,719 --> 00:47:39,089
mind, too, if you're talking

772
00:47:39,089 --> 00:47:42,479
specifically, and specifically,

773
00:47:42,659 --> 00:47:45,179
almost, I'm pretty sure all of

774
00:47:45,179 --> 00:47:48,029
government contractors,

775
00:47:48,029 --> 00:47:50,339
intelligence contractors. I

776
00:47:50,339 --> 00:47:54,359
both. So, you know, they could

777
00:47:54,359 --> 00:47:57,239
infrastructure, and it could

778
00:47:57,269 --> 00:48:02,279
you know, an entirely Public

779
00:48:02,400 --> 00:48:05,370
yeah, I think the way

780
00:48:05,370 --> 00:48:08,010
banking crisis is going to

781
00:48:08,010 --> 00:48:11,400
gonna fail, and they're gonna

782
00:48:11,400 --> 00:48:14,670
alright, the banks don't work

783
00:48:14,670 --> 00:48:18,510
them, the Fed is going to

784
00:48:18,510 --> 00:48:22,470
here's your cbdc wallet. One of

785
00:48:22,470 --> 00:48:24,990
it, download it, right, you

786
00:48:24,989 --> 00:48:27,929
before we get there, let's

787
00:48:27,929 --> 00:48:30,509
of things that have already

788
00:48:30,509 --> 00:48:33,299
point of discussing where things

789
00:48:33,299 --> 00:48:37,289
likely to play out from here on

790
00:48:37,289 --> 00:48:40,079
about Signature Bank yet, but

791
00:48:40,079 --> 00:48:43,379
been claims that it's shut down

792
00:48:43,379 --> 00:48:46,199
is coming from crypto venture

793
00:48:46,229 --> 00:48:48,269
Twitter. But there's other

794
00:48:48,269 --> 00:48:52,199
claim. And Carter's claims

795
00:48:52,199 --> 00:48:56,249
Frank, who is the guy from the

796
00:48:56,969 --> 00:49:03,629
Act stuff, post 2008. And he was

797
00:49:03,629 --> 00:49:09,689
banks board, I believe, in 2015.

798
00:49:09,689 --> 00:49:11,969
Signature Bank didn't really

799
00:49:11,969 --> 00:49:15,929
shut down. So the question is,

800
00:49:15,929 --> 00:49:18,989
timeline here? What doesn't make

801
00:49:18,989 --> 00:49:24,299
on? So whoever wants to start on

802
00:49:24,870 --> 00:49:29,100
It was really weird

803
00:49:29,100 --> 00:49:34,800
on a Sunday. Last Sunday, after

804
00:49:34,800 --> 00:49:38,520
the fact that was closed on a

805
00:49:38,520 --> 00:49:41,760
potential to open up on Monday

806
00:49:42,450 --> 00:49:46,650
If that is what was happening

807
00:49:47,220 --> 00:49:51,120
with the shutdown, is that what

808
00:49:51,690 --> 00:49:55,860
Silicon Valley Bank where the

809
00:49:56,430 --> 00:50:00,540
we're taking over on Sunday, the

810
00:50:00,540 --> 00:50:03,660
Services stepped in and said

811
00:50:03,690 --> 00:50:09,450
before market open on Monday.

812
00:50:09,480 --> 00:50:12,420
earlier this week, he was pretty

813
00:50:12,420 --> 00:50:16,080
liquid enough, this service

814
00:50:16,140 --> 00:50:20,190
that the NY DFS stepped in and

815
00:50:21,060 --> 00:50:24,420
Yeah, and it was interesting,

816
00:50:24,420 --> 00:50:27,960
to research what happened, I was

817
00:50:27,960 --> 00:50:31,410
right, and try to read as much

818
00:50:31,440 --> 00:50:34,980
about it. And it was really

819
00:50:35,250 --> 00:50:37,830
was saying the same thing, which

820
00:50:37,830 --> 00:50:40,500
were just like, New York

821
00:50:40,500 --> 00:50:43,980
decided to shut down Signature

822
00:50:43,980 --> 00:50:48,660
was no timeline, there was no

823
00:50:49,980 --> 00:50:54,810
that sticks out here is

824
00:50:54,810 --> 00:50:57,930
silvergate. I remember, as we

825
00:50:57,930 --> 00:51:02,340
network which was crucial to

826
00:51:02,340 --> 00:51:04,980
ability to get in and out of

827
00:51:04,980 --> 00:51:09,150
coins and all that stuff. And so

828
00:51:09,360 --> 00:51:14,160
it appears to me clearly, that

829
00:51:14,160 --> 00:51:19,650
of signature was to get rid of

830
00:51:19,650 --> 00:51:23,940
make that sort of ecosystem

831
00:51:23,940 --> 00:51:26,490
York Department of Financial

832
00:51:26,880 --> 00:51:30,840
like New York is, of course, the

833
00:51:30,840 --> 00:51:34,140
to stuff like this, because it's

834
00:51:34,140 --> 00:51:37,710
womb of too big to fail, right,

835
00:51:38,040 --> 00:51:42,750
And so you know, that that that

836
00:51:42,750 --> 00:51:46,650
protect that at all costs. And

837
00:51:46,650 --> 00:51:51,780
that that strange in itself. But

838
00:51:51,780 --> 00:51:54,120
fact that I mentioned earlier

839
00:51:54,120 --> 00:51:57,570
FDIC, apparently is saying that

840
00:51:57,570 --> 00:52:01,230
close down the crypto

841
00:52:01,230 --> 00:52:04,500
what is going on here? So yeah,

842
00:52:04,500 --> 00:52:08,700
signature, I'm open to other

843
00:52:08,700 --> 00:52:11,940
see anything about assets as so

844
00:52:11,940 --> 00:52:15,510
earlier, Silicon Valley Bank and

845
00:52:15,510 --> 00:52:19,950
into selling assets, which

846
00:52:19,950 --> 00:52:23,070
variety of reasons. I don't I

847
00:52:23,070 --> 00:52:26,160
signature, perhaps they did, but

848
00:52:27,210 --> 00:52:31,260
again, I'm waiting for someone

849
00:52:31,260 --> 00:52:34,650
exactly triggered Signature Bank

850
00:52:34,680 --> 00:52:39,420
There's the end of the day,

851
00:52:39,690 --> 00:52:44,340
impossible, that the two, the

852
00:52:44,340 --> 00:52:49,560
networks, Sen. And Signet, just

853
00:52:49,560 --> 00:52:50,550
up dead.

854
00:52:52,080 --> 00:52:54,360
From like, the asset side of

855
00:52:54,360 --> 00:52:58,680
particularly you think, if they

856
00:52:58,680 --> 00:53:02,580
wrote the bill that defined the

857
00:53:02,580 --> 00:53:08,430
these banks was sitting on the

858
00:53:08,820 --> 00:53:11,670
astute to making sure that the

859
00:53:11,670 --> 00:53:14,880
was, was capitalized the correct

860
00:53:14,880 --> 00:53:17,400
very, very weird how it

861
00:53:17,400 --> 00:53:21,480
happened on a Sunday sort of out

862
00:53:21,719 --> 00:53:25,015
Well, here's one

863
00:53:25,083 --> 00:53:28,985
so the the bailout of Silicon

864
00:53:29,052 --> 00:53:33,157
talk about next, I think the way

865
00:53:33,224 --> 00:53:37,463
they used to offer that bailout

866
00:53:37,530 --> 00:53:41,231
So in order to argue for

867
00:53:41,298 --> 00:53:45,201
be like, well, systemic means

868
00:53:45,268 --> 00:53:49,103
failing. So I don't know that

869
00:53:49,170 --> 00:53:53,275
claim that we think Signature

870
00:53:53,342 --> 00:53:57,312
fail. And this is part of our

871
00:53:57,379 --> 00:54:01,080
bailout. I mean, maybe I'm wrong

872
00:54:01,080 --> 00:54:03,030
think about think about

873
00:54:03,030 --> 00:54:06,000
mean, even if they said that,

874
00:54:06,000 --> 00:54:06,210
mean,

875
00:54:06,210 --> 00:54:09,360
I know, but it's the

876
00:54:09,360 --> 00:54:12,750
the public justification, right?

877
00:54:12,750 --> 00:54:17,880
of pre emptive stuff going on,

878
00:54:17,880 --> 00:54:21,210
the other day about the web

879
00:54:21,210 --> 00:54:25,410
and they're talking about, you

880
00:54:25,410 --> 00:54:28,020
because of ransomware and all

881
00:54:28,020 --> 00:54:33,330
to pre preemptively go after

882
00:54:33,330 --> 00:54:38,220
some sort of cyber, financial

883
00:54:38,340 --> 00:54:41,970
they love pre emptive stuff,

884
00:54:41,970 --> 00:54:46,680
the war on domestic terrorism or

885
00:54:46,680 --> 00:54:50,880
quickly becoming a major facet

886
00:54:50,880 --> 00:54:51,870
policy. So

887
00:54:51,900 --> 00:54:55,440
well think about it to

888
00:54:55,440 --> 00:54:59,310
waited 24 hours probably the

889
00:54:59,310 --> 00:55:01,770
do anything because Yeah, don't

890
00:55:01,770 --> 00:55:05,730
it's like, they were like, Let's

891
00:55:05,730 --> 00:55:08,160
huge bailout. Right? That was

892
00:55:08,550 --> 00:55:12,060
Yeah. Contradictory in many

893
00:55:12,060 --> 00:55:16,320
up bailing out Silicon Valley

894
00:55:16,320 --> 00:55:19,500
really were worried about

895
00:55:19,500 --> 00:55:23,910
they shut down signature bank

896
00:55:23,910 --> 00:55:27,000
have a similar profile or at

897
00:55:27,000 --> 00:55:32,040
have a run on those banks, as

898
00:55:32,040 --> 00:55:35,760
wanted to stem contagion, they

899
00:55:35,760 --> 00:55:39,690
make it seem like signatures are

900
00:55:39,690 --> 00:55:40,800
hardest to keep it open.

901
00:55:40,949 --> 00:55:43,349
But maybe if they wanted to

902
00:55:43,349 --> 00:55:46,259
signatures, they're like, well,

903
00:55:46,259 --> 00:55:50,759
this collapse of Silicon Valley

904
00:55:50,759 --> 00:55:52,889
shuttering of this is linked to

905
00:55:53,190 --> 00:55:55,200
Right. That's, that's

906
00:55:56,639 --> 00:55:59,399
There's the other thing,

907
00:55:59,579 --> 00:56:03,569
was facing some major criminal

908
00:56:03,569 --> 00:56:04,379
was shuttered.

909
00:56:04,770 --> 00:56:07,230
I saw I saw that I

910
00:56:07,230 --> 00:56:11,370
just say, again, you know, if

911
00:56:11,370 --> 00:56:13,440
all you have to do is say, Hey,

912
00:56:13,440 --> 00:56:17,040
mean, I think they do this to

913
00:56:17,040 --> 00:56:19,860
do these days, you know, when

914
00:56:20,219 --> 00:56:23,279
they did this, like we just

915
00:56:23,279 --> 00:56:25,919
well, like, Oh, we're gonna

916
00:56:25,919 --> 00:56:28,049
signature as a we're gonna

917
00:56:28,049 --> 00:56:32,579
people are using your crypto

918
00:56:32,579 --> 00:56:35,339
crypto to for money laundering

919
00:56:35,370 --> 00:56:38,280
Right, which at the end

920
00:56:38,280 --> 00:56:40,890
were just looking for an excuse

921
00:56:40,890 --> 00:56:44,760
networks. Yeah, you know, for a

922
00:56:44,820 --> 00:56:46,800
Yeah, I think that's true.

923
00:56:46,800 --> 00:56:49,290
know, the feds come in and

924
00:56:49,290 --> 00:56:53,130
laundering. I mean, it's kind of

925
00:56:53,130 --> 00:56:56,130
security state launders a ton of

926
00:56:56,130 --> 00:56:59,820
tons of money for drug cartels,

927
00:56:59,820 --> 00:57:02,100
Katherine Austin Fitz, have

928
00:57:02,100 --> 00:57:05,070
the drug trade stop tomorrow, a

929
00:57:05,070 --> 00:57:08,790
collapse, because they're

930
00:57:08,790 --> 00:57:11,490
know, the money laundering of a

931
00:57:11,490 --> 00:57:14,730
whether for, you know, cartels

932
00:57:14,730 --> 00:57:18,570
whatever, like, when they

933
00:57:18,570 --> 00:57:21,810
these kinds of financial crimes,

934
00:57:21,810 --> 00:57:24,540
you know, sometimes there's an

935
00:57:24,540 --> 00:57:27,330
that's quite probable here,

936
00:57:27,330 --> 00:57:29,430
that some of this legislation in

937
00:57:29,430 --> 00:57:33,240
Warren's legislation that argues

938
00:57:33,240 --> 00:57:37,320
security threat. It's about

939
00:57:37,320 --> 00:57:40,380
money laundering are part of the

940
00:57:40,380 --> 00:57:42,540
But it's not like getting rid of

941
00:57:42,540 --> 00:57:45,720
laundering, money laundering, of

942
00:57:45,720 --> 00:57:49,470
existence by many decades. So

943
00:57:49,470 --> 00:57:51,660
even if crypto magically

944
00:57:51,869 --> 00:57:54,449
now in the in the

945
00:57:54,449 --> 00:57:57,719
think that's something really

946
00:57:57,719 --> 00:58:01,409
into and really see in the minds

947
00:58:01,439 --> 00:58:05,099
biggest perpetrators of money

948
00:58:05,129 --> 00:58:08,189
are the big banks and the

949
00:58:08,189 --> 00:58:09,809
Bitcoin. Yeah, this goes

950
00:58:09,810 --> 00:58:12,660
back. And this also goes back to

951
00:58:12,660 --> 00:58:15,120
we're not allowed to have

952
00:58:15,150 --> 00:58:18,750
ultimate privacy. You know,

953
00:58:18,750 --> 00:58:21,030
can do everything in the

954
00:58:21,030 --> 00:58:26,100
if everybody, if everybody sort

955
00:58:26,100 --> 00:58:31,170
tracked, then whoever is in

956
00:58:31,170 --> 00:58:33,930
a good blackmail thing, too.

957
00:58:33,960 --> 00:58:36,960
you know, what everyone's doing.

958
00:58:36,960 --> 00:58:40,380
someone and say, Hey, by the

959
00:58:40,380 --> 00:58:43,650
two years ago, and blah, blah,

960
00:58:43,650 --> 00:58:47,580
can either play with us, or you

961
00:58:47,580 --> 00:58:49,020
it's like, yeah, it's a great

962
00:58:49,409 --> 00:58:52,019
this idea of financial

963
00:58:52,019 --> 00:58:56,279
a long time. In my book and

964
00:58:56,279 --> 00:58:59,549
about how Armand Hammer the guy

965
00:58:59,549 --> 00:59:03,599
was trying to acquire a major US

966
00:59:03,599 --> 00:59:06,509
congressmen had open accounts

967
00:59:06,509 --> 00:59:11,519
explicitly of what he called

968
00:59:11,549 --> 00:59:14,369
you know, if there were people

969
00:59:14,369 --> 00:59:18,359
early 80s, you know, I'm sure

970
00:59:18,360 --> 00:59:20,760
I think the only the

971
00:59:20,760 --> 00:59:24,720
could say about it is like, what

972
00:59:24,720 --> 00:59:27,630
do is take all of these things

973
00:59:27,870 --> 00:59:30,330
effectively since the beginning

974
00:59:30,330 --> 00:59:32,640
blackmail, financial blackmail,

975
00:59:32,640 --> 00:59:35,880
probably find instances of that

976
00:59:35,880 --> 00:59:38,670
you know, or city that's beyond

977
00:59:38,670 --> 00:59:43,860
just what humans kind of do. But

978
00:59:43,980 --> 00:59:47,760
what what what they see what

979
00:59:47,760 --> 00:59:52,110
do is just like, completely own

980
00:59:52,110 --> 00:59:55,380
have it on a level that is so

981
00:59:55,620 --> 00:59:59,280
that it encompasses everything

982
00:59:59,280 --> 01:00:03,270
market or way Go rumor freedom.

983
01:00:03,270 --> 01:00:08,580
such a brazen goal, that I sort

984
01:00:08,580 --> 01:00:10,920
But But yeah, it's certainly

985
01:00:10,920 --> 01:00:13,860
going just for everything. Well,

986
01:00:13,860 --> 01:00:16,380
we leave signature, I just

987
01:00:16,410 --> 01:00:22,290
news A new report out today that

988
01:00:22,290 --> 01:00:26,100
York financial regulator that

989
01:00:26,100 --> 01:00:28,260
shutting down Signature Bank,

990
01:00:28,260 --> 01:00:32,250
quote, a significant crisis of

991
01:00:32,280 --> 01:00:35,730
leadership and quote, yeah, it

992
01:00:35,730 --> 01:00:39,120
Yeah, I know, they can say that

993
01:00:39,120 --> 01:00:42,150
rid of their crypto. So we're

994
01:00:42,150 --> 01:00:45,060
whoever buys the bank has to

995
01:00:45,720 --> 01:00:48,570
It's just like, we

996
01:00:48,570 --> 01:00:48,840
Bob.

997
01:00:48,870 --> 01:00:52,260
Yeah. If you didn't think

998
01:00:52,260 --> 01:00:56,010
crime, especially in New York

999
01:00:56,010 --> 01:00:59,250
reconsider. Wild that's crazy.

1000
01:00:59,280 --> 01:01:01,200
It's egregious. It's

1001
01:01:02,610 --> 01:01:05,580
Well, what will come of it?

1002
01:01:05,580 --> 01:01:09,150
talk about the bailout then? So

1003
01:01:09,150 --> 01:01:13,620
administration said about the

1004
01:01:13,620 --> 01:01:17,730
has that changed the situation?

1005
01:01:17,730 --> 01:01:20,580
hook? Even though the Biden

1006
01:01:20,820 --> 01:01:23,400
And what can we expect regarding

1007
01:01:25,860 --> 01:01:30,270
So we're diving into

1008
01:01:30,270 --> 01:01:34,830
bailout, I think, what the

1009
01:01:34,830 --> 01:01:39,300
Federal Reserve, and the FDIC

1010
01:01:39,300 --> 01:01:43,800
will buy your debt instruments

1011
01:01:43,800 --> 01:01:48,150
earlier, a lot of what caused

1012
01:01:48,150 --> 01:01:51,630
banking sector was the Fed

1013
01:01:51,630 --> 01:01:54,870
value of the debt instruments

1014
01:01:55,290 --> 01:01:59,220
And they're still, if mark to

1015
01:01:59,400 --> 01:02:03,330
significantly depressed. And so

1016
01:02:03,330 --> 01:02:07,380
Fed stepping in and saying, Hey,

1017
01:02:07,380 --> 01:02:11,430
worth 85 cents on the dollar,

1018
01:02:11,520 --> 01:02:13,860
and we'll hold them on our

1019
01:02:13,860 --> 01:02:18,930
future, you can you can buy them

1020
01:02:18,930 --> 01:02:22,290
markets settle, and the banking

1021
01:02:22,290 --> 01:02:26,670
essentially, QE five is started.

1022
01:02:26,760 --> 01:02:30,120
explicitly say this, but it is

1023
01:02:30,120 --> 01:02:34,920
Fed steps in buys depressed

1024
01:02:34,920 --> 01:02:39,270
different than past QE, where

1025
01:02:39,900 --> 01:02:41,340
But that's essentially what

1026
01:02:42,030 --> 01:02:45,390
Yeah, so So one thing I would

1027
01:02:45,390 --> 01:02:49,500
specifics are that they're not

1028
01:02:49,500 --> 01:02:51,900
they're they're Qalat. Like

1029
01:02:51,900 --> 01:02:56,160
collateral at par. And then

1030
01:02:56,160 --> 01:02:59,520
money, right. So like they're

1031
01:02:59,520 --> 01:03:02,970
like, technically not a

1032
01:03:02,970 --> 01:03:05,130
so that's the, I guess the

1033
01:03:05,280 --> 01:03:08,220
effectively, it's the same,

1034
01:03:08,220 --> 01:03:11,250
access to money at par value for

1035
01:03:11,250 --> 01:03:15,090
trading at par value, which is

1036
01:03:15,090 --> 01:03:18,690
about again, like 10 years ago,

1037
01:03:18,690 --> 01:03:21,990
riding poppies after floppies

1038
01:03:21,990 --> 01:03:24,900
so insane. But it's like, people

1039
01:03:25,110 --> 01:03:28,020
Whereas that would be the

1040
01:03:28,020 --> 01:03:33,480
Whitney, has her portfolio at

1041
01:03:33,480 --> 01:03:38,340
months ago, she bought all the

1042
01:03:38,340 --> 01:03:43,380
then they crashed 50%. And now

1043
01:03:43,380 --> 01:03:46,230
wealthy. And then then the Fed

1044
01:03:46,230 --> 01:03:50,190
worry with me. We're gonna

1045
01:03:50,190 --> 01:03:53,430
we're gonna just go back two

1046
01:03:53,430 --> 01:03:56,070
they were at, and we'll just

1047
01:03:56,070 --> 01:03:57,960
And you're going to be fine,

1048
01:03:57,960 --> 01:04:02,670
nice? Right? I mean, it's, it's,

1049
01:04:02,670 --> 01:04:08,190
effectively pausing reality for

1050
01:04:08,190 --> 01:04:14,370
money and be liquid. And so you

1051
01:04:14,370 --> 01:04:18,360
you want that that's important

1052
01:04:18,390 --> 01:04:21,990
but the bigger point is that?

1053
01:04:21,990 --> 01:04:26,010
like this? Right? I mean, once

1054
01:04:26,040 --> 01:04:30,600
Once you go down a path like

1055
01:04:30,600 --> 01:04:33,270
mean, you really can't. And the

1056
01:04:33,270 --> 01:04:36,150
could kind of go back to normal

1057
01:04:36,150 --> 01:04:39,030
what happens. They raise rates a

1058
01:04:39,030 --> 01:04:43,290
crazy stuff again, right, right

1059
01:04:43,290 --> 01:04:46,830
know, the taxpayer angle, though

1060
01:04:46,830 --> 01:04:50,070
know, JP Morgan this morning is

1061
01:04:50,070 --> 01:04:53,070
liquidity that could flow into

1062
01:04:53,400 --> 01:04:57,270
And what their that 2 trillion

1063
01:04:57,270 --> 01:05:02,760
basically took the assets of

1064
01:05:02,760 --> 01:05:04,800
treasury bonds? I'm not sure

1065
01:05:04,800 --> 01:05:09,090
securities have non non too big

1066
01:05:09,090 --> 01:05:11,370
How much do they hold on their

1067
01:05:11,370 --> 01:05:14,760
their numbers 2 trillion. So JP

1068
01:05:14,760 --> 01:05:19,650
that 2 trillion could just be

1069
01:05:19,650 --> 01:05:23,460
they if they want to use this

1070
01:05:23,460 --> 01:05:27,090
think about that. I mean, just

1071
01:05:27,090 --> 01:05:30,180
taxpayer is not not only on the

1072
01:05:31,110 --> 01:05:34,290
saying like, this is so much

1073
01:05:34,290 --> 01:05:39,420
is this is, is again, this is

1074
01:05:40,410 --> 01:05:44,190
salvo in like, a coup, you know,

1075
01:05:44,190 --> 01:05:44,790
just a coup.

1076
01:05:45,270 --> 01:05:48,630
I heard someone describe it

1077
01:05:48,630 --> 01:05:50,280
but socializing losses,

1078
01:05:50,310 --> 01:05:54,180
yes, yes, yes, it's

1079
01:05:54,180 --> 01:05:57,540
function. I mean, to put it most

1080
01:05:57,570 --> 01:06:01,860
and not enough dollars. And when

1081
01:06:01,860 --> 01:06:05,100
dollars out of the market, like

1082
01:06:05,100 --> 01:06:08,730
debt that exist, become

1083
01:06:08,730 --> 01:06:13,050
function of how the Federal

1084
01:06:13,050 --> 01:06:16,890
fiat monetary system operates,

1085
01:06:16,920 --> 01:06:20,220
the fit, there are not enough

1086
01:06:20,220 --> 01:06:22,980
on the debt level and the

1087
01:06:23,010 --> 01:06:27,870
So like, functionally, the Fed

1088
01:06:27,870 --> 01:06:31,740
more dollars to begin trying to

1089
01:06:31,740 --> 01:06:35,670
really interesting, we go back

1090
01:06:35,670 --> 01:06:40,260
forward to 20 22,008, fed steps

1091
01:06:40,320 --> 01:06:46,260
lowers rates, and then 2016 2017

1092
01:06:46,650 --> 01:06:50,610
then we get to 2020. It was

1093
01:06:50,610 --> 01:06:54,870
2019, we're going to reap a

1094
01:06:54,870 --> 01:06:58,380
was driven by Fed policy, trying

1095
01:06:58,380 --> 01:07:02,400
system, something broke. And

1096
01:07:02,400 --> 01:07:05,730
pointing 20, COVID happened, and

1097
01:07:05,760 --> 01:07:09,150
print a bunch of money, that

1098
01:07:09,150 --> 01:07:12,300
three years later, a year and a

1099
01:07:12,300 --> 01:07:15,000
rates and pulling dollars out of

1100
01:07:15,000 --> 01:07:17,550
I think what I'm trying to

1101
01:07:17,580 --> 01:07:22,410
depression of the time between

1102
01:07:22,410 --> 01:07:26,670
something breaking, it's

1103
01:07:26,670 --> 01:07:30,210
And so right now, the Fed is

1104
01:07:30,210 --> 01:07:34,950
money that the Fed printed in

1105
01:07:34,950 --> 01:07:38,880
money that they're gonna have to

1106
01:07:38,880 --> 01:07:41,970
the banking system was going to

1107
01:07:41,970 --> 01:07:45,420
trillions and trillions of

1108
01:07:45,420 --> 01:07:48,930
to exacerbate inflation

1109
01:07:50,580 --> 01:07:53,970
really didn't want to be put in

1110
01:07:53,970 --> 01:07:56,880
rates because inflation is still

1111
01:07:56,909 --> 01:08:01,169
Yeah, but Blackrock is

1112
01:08:01,169 --> 01:08:03,779
is going to keep tightening. And

1113
01:08:03,779 --> 01:08:09,299
the Blackrock and at the end of

1114
01:08:09,299 --> 01:08:13,739
Fed to alter its monetary

1115
01:08:13,769 --> 01:08:18,539
or going direct policy. So I

1116
01:08:18,539 --> 01:08:24,509
means. But maybe Blackrock has

1117
01:08:24,509 --> 01:08:28,649
reasons, we don't know what they

1118
01:08:28,679 --> 01:08:31,499
they know that we don't know,

1119
01:08:31,499 --> 01:08:32,699
the Fed is going to keep

1120
01:08:33,180 --> 01:08:37,740
one commentary I saw

1121
01:08:37,740 --> 01:08:42,810
Sunday, someone was saying that

1122
01:08:42,810 --> 01:08:46,680
raising rates while keeping

1123
01:08:46,740 --> 01:08:50,100
the banks don't have to

1124
01:08:50,100 --> 01:08:52,650
they'll still, and therefore

1125
01:08:52,650 --> 01:08:55,950
functioning. But we could keep

1126
01:08:55,950 --> 01:09:00,480
and kind of keep keep messing

1127
01:09:00,510 --> 01:09:02,820
but my but my feet, and that is

1128
01:09:02,820 --> 01:09:05,850
think, I think if they do

1129
01:09:05,850 --> 01:09:09,960
to take that more seriously. But

1130
01:09:09,960 --> 01:09:12,690
personal level. If I had to be

1131
01:09:12,690 --> 01:09:15,690
say now that they're pretty much

1132
01:09:15,690 --> 01:09:21,450
is because with the the drop in

1133
01:09:21,450 --> 01:09:26,790
the fastest drop in the last, I

1134
01:09:26,790 --> 01:09:31,200
the two year Treasury yield was

1135
01:09:31,200 --> 01:09:36,450
1%. Three days, right. And what

1136
01:09:36,450 --> 01:09:39,480
historically tends to always

1137
01:09:39,480 --> 01:09:41,970
saying you're there's no way

1138
01:09:41,970 --> 01:09:44,280
fact, you're gonna compete and

1139
01:09:44,520 --> 01:09:48,510
you know, essentially hundreds

1140
01:09:48,540 --> 01:09:54,930
that. And my my conclusion would

1141
01:09:54,930 --> 01:09:56,580
the market is accurate on that.

1142
01:09:58,380 --> 01:10:03,870
Yeah, The banking crisis is

1143
01:10:03,870 --> 01:10:06,570
not isolated to the United

1144
01:10:06,570 --> 01:10:11,970
and affecting the global

1145
01:10:11,970 --> 01:10:13,440
to have to lower its Yeah.

1146
01:10:13,440 --> 01:10:16,230
So you have what we talked

1147
01:10:16,260 --> 01:10:19,710
other banks, I think all based

1148
01:10:19,710 --> 01:10:22,380
And then you have this the stuff

1149
01:10:22,380 --> 01:10:29,130
right now, which has led many to

1150
01:10:29,130 --> 01:10:31,170
spreading into Europe. But

1151
01:10:31,170 --> 01:10:36,120
things to know about Credit

1152
01:10:36,120 --> 01:10:38,610
talking about not that long ago,

1153
01:10:38,610 --> 01:10:41,550
investigated, silver gate was

1154
01:10:41,550 --> 01:10:44,970
it was silver gate that was

1155
01:10:44,970 --> 01:10:51,030
delay, among other things. The

1156
01:10:52,590 --> 01:10:56,670
And Credit Suisse actually had a

1157
01:10:58,170 --> 01:11:01,890
from March 2, there were there

1158
01:11:01,890 --> 01:11:07,140
Suisse breach, spills, personal

1159
01:11:07,140 --> 01:11:12,810
clients all over the place. And

1160
01:11:12,810 --> 01:11:16,230
that Credit Suisse delays, and a

1161
01:11:16,230 --> 01:11:21,090
SEC. So there seems to be. And

1162
01:11:21,090 --> 01:11:25,380
Credit Suisse just can't catch a

1163
01:11:25,740 --> 01:11:30,090
they had, you know, their

1164
01:11:32,040 --> 01:11:38,190
So anyway, that's interesting,

1165
01:11:38,190 --> 01:11:41,910
Suisse obviously having a lot of

1166
01:11:41,910 --> 01:11:46,410
know, now that like the Swiss

1167
01:11:46,410 --> 01:11:50,970
in, and all this stuff to rescue

1168
01:11:51,000 --> 01:11:53,490
there's some problems there. But

1169
01:11:53,490 --> 01:11:56,460
seems like they were having

1170
01:11:56,460 --> 01:11:58,830
know, if they think they

1171
01:11:58,830 --> 01:12:01,590
they see an opportunity to sort

1172
01:12:01,590 --> 01:12:03,540
their woes. Any thoughts on

1173
01:12:04,680 --> 01:12:08,280
I mean, Credit Suisse

1174
01:12:08,280 --> 01:12:12,960
position, even before this week,

1175
01:12:13,200 --> 01:12:16,230
of deposits last year, and they

1176
01:12:16,230 --> 01:12:20,310
critically weak. And I think a

1177
01:12:20,310 --> 01:12:23,220
looking at Credit Suisse and

1178
01:12:23,220 --> 01:12:27,510
seems like this banking crisis

1179
01:12:27,510 --> 01:12:31,170
is just going to be the final

1180
01:12:31,170 --> 01:12:34,560
Suisse. And I do believe that

1181
01:12:34,560 --> 01:12:41,460
in overnight to provide $54

1182
01:12:41,460 --> 01:12:45,240
But it seems like as US markets

1183
01:12:45,240 --> 01:12:49,440
beginning to price. The

1184
01:12:49,440 --> 01:12:52,920
failure, almost it's almost a

1185
01:12:52,950 --> 01:12:54,420
credit default swaps are

1186
01:12:54,450 --> 01:12:57,690
Yeah. So so yeah. As Marty said,

1187
01:12:57,690 --> 01:13:01,050
dying for like decades, kind of

1188
01:13:01,800 --> 01:13:04,200
Yeah, but so have a lot of

1189
01:13:04,200 --> 01:13:06,840
if Credit Suisse falls, what

1190
01:13:06,840 --> 01:13:09,420
and deep shit, like Deutsche

1191
01:13:10,140 --> 01:13:13,770
Right, right. And

1192
01:13:13,800 --> 01:13:17,610
well, here's the here's the key

1193
01:13:17,610 --> 01:13:19,620
just a whole different can of

1194
01:13:19,620 --> 01:13:22,770
discussing, but also could lead

1195
01:13:22,770 --> 01:13:27,960
we've seen with the cbdc.

1196
01:13:27,960 --> 01:13:32,910
with I mean, what they would

1197
01:13:32,910 --> 01:13:36,000
unimaginable to my mind, you

1198
01:13:36,000 --> 01:13:38,790
know, their assets and what they

1199
01:13:38,790 --> 01:13:41,280
linked to everything else, you

1200
01:13:41,280 --> 01:13:45,540
would be, it would be, you know,

1201
01:13:45,570 --> 01:13:48,330
you know, happen there. So, of

1202
01:13:48,330 --> 01:13:50,760
I think did, as Marty said,

1203
01:13:50,760 --> 01:13:56,640
something last night. But, you

1204
01:13:56,640 --> 01:14:02,700
to the big point, which is, this

1205
01:14:02,700 --> 01:14:06,210
sustainable for any long period

1206
01:14:06,210 --> 01:14:09,210
do these giant bailouts or

1207
01:14:09,210 --> 01:14:13,500
doing is just kind of keeping it

1208
01:14:13,500 --> 01:14:16,380
the underlying issues, like, the

1209
01:14:16,380 --> 01:14:18,540
being solved, none of this stuff

1210
01:14:18,540 --> 01:14:21,810
just keeping everything sort of

1211
01:14:21,960 --> 01:14:24,780
what that does then is, which is

1212
01:14:24,780 --> 01:14:27,810
years, you just build up more,

1213
01:14:27,840 --> 01:14:31,020
you build up more of a bigger

1214
01:14:31,020 --> 01:14:36,480
bigger problem down the road.

1215
01:14:36,510 --> 01:14:40,620
the powers that be completely

1216
01:14:40,620 --> 01:14:43,920
they know, this is why there's

1217
01:14:43,950 --> 01:14:47,460
right? Because they know a reset

1218
01:14:47,460 --> 01:14:51,540
trying to do is they want to

1219
01:14:51,540 --> 01:14:55,710
allowing the public or even you

1220
01:14:55,710 --> 01:14:58,440
Congress to have a role in

1221
01:14:58,650 --> 01:15:03,720
essentially preempt that process

1222
01:15:03,720 --> 01:15:08,190
in their minds. And then once

1223
01:15:08,190 --> 01:15:12,360
just just push it all in there.

1224
01:15:12,360 --> 01:15:17,670
where I think this is going, you

1225
01:15:17,670 --> 01:15:20,910
to really be open to the

1226
01:15:21,330 --> 01:15:26,370
to actually attempt the reset in

1227
01:15:26,370 --> 01:15:30,750
need a lot of fear, and you need

1228
01:15:30,750 --> 01:15:34,110
so sort of like the panic that

1229
01:15:34,110 --> 01:15:38,100
times 10. And that's what I

1230
01:15:38,100 --> 01:15:38,730
next year.

1231
01:15:39,030 --> 01:15:43,530
All right, so one question I

1232
01:15:43,530 --> 01:15:46,950
this. So if the crisis is

1233
01:15:46,950 --> 01:15:50,940
is, and it seems that this is

1234
01:15:50,940 --> 01:15:55,320
par, if not worse than the 2008

1235
01:15:55,320 --> 01:16:00,390
bail ins, right? So after 2008,

1236
01:16:00,390 --> 01:16:04,050
comes out and it's like, oh, no

1237
01:16:04,050 --> 01:16:07,800
ins to happen, right? Or at

1238
01:16:07,800 --> 01:16:11,400
for bail ins to happen and bail

1239
01:16:11,400 --> 01:16:14,070
bail outs is taxpayer money

1240
01:16:14,070 --> 01:16:18,600
ends is when banks use depositor

1241
01:16:18,600 --> 01:16:23,940
right. So what do you think, is

1242
01:16:23,940 --> 01:16:25,530
that if things worsen?

1243
01:16:26,040 --> 01:16:28,230
I think it's pretty

1244
01:16:28,230 --> 01:16:31,500
at all, and we begin to see

1245
01:16:31,500 --> 01:16:36,570
world. I mean, Lebanon,

1246
01:16:36,570 --> 01:16:39,420
last couple of years, they've

1247
01:16:39,900 --> 01:16:42,810
they got put their central bank

1248
01:16:42,810 --> 01:16:46,140
in such a situation that we

1249
01:16:46,140 --> 01:16:51,840
200,000? Let me Lebanese pounds,

1250
01:16:51,840 --> 01:16:57,630
SARS now. And the situation is

1251
01:16:57,630 --> 01:17:00,300
United States or in Europe. So I

1252
01:17:00,300 --> 01:17:04,950
table, they're going to print

1253
01:17:04,950 --> 01:17:07,440
be surprised that do balance on

1254
01:17:08,580 --> 01:17:13,230
Yeah, I think. So that would be

1255
01:17:13,230 --> 01:17:15,870
balance, right? They were the

1256
01:17:15,870 --> 01:17:19,980
of, and then then Bitcoin

1257
01:17:19,980 --> 01:17:25,230
after that. I remember. If they

1258
01:17:25,230 --> 01:17:28,230
is where you depositors take a

1259
01:17:28,230 --> 01:17:30,720
is the exact opposite of what

1260
01:17:32,430 --> 01:17:35,910
In my opinion, that would be

1261
01:17:35,910 --> 01:17:40,860
right? I mean, to to have bail

1262
01:17:40,860 --> 01:17:44,550
mongering thing to people,

1263
01:17:44,550 --> 01:17:48,300
wrote a couple of days ago, I

1264
01:17:48,300 --> 01:17:51,240
facilitate the rollout of CBDCs.

1265
01:17:51,240 --> 01:17:55,800
make holding money and banks

1266
01:17:55,800 --> 01:17:58,110
bail in would definitely do

1267
01:17:58,110 --> 01:18:02,820
would make people understand

1268
01:18:02,880 --> 01:18:06,510
And that can be haircut at any

1269
01:18:06,510 --> 01:18:10,290
for a solution. And of course,

1270
01:18:10,290 --> 01:18:15,150
already have our solution, you

1271
01:18:15,150 --> 01:18:18,330
your average person is going to,

1272
01:18:18,330 --> 01:18:21,180
even business would say, you

1273
01:18:21,180 --> 01:18:24,030
quick. And there you go, you

1274
01:18:24,030 --> 01:18:28,530
solution, just hold your money,

1275
01:18:28,680 --> 01:18:31,260
And it says, it's not, you know,

1276
01:18:31,260 --> 01:18:33,930
not being leveraged, it's just

1277
01:18:33,930 --> 01:18:37,650
times. And it's completely safe

1278
01:18:37,650 --> 01:18:41,370
need some sort of fear point

1279
01:18:41,370 --> 01:18:43,470
balance is a trigger, I don't

1280
01:18:43,470 --> 01:18:44,970
triggers. But that's a potential

1281
01:18:46,050 --> 01:18:49,140
And I think balance actually

1282
01:18:49,140 --> 01:18:54,240
could be like a normalization

1283
01:18:54,240 --> 01:18:57,300
we're seeing it in China

1284
01:18:57,330 --> 01:19:01,110
necessarily be a bail in but it

1285
01:19:01,110 --> 01:19:04,380
normalization of the money and

1286
01:19:04,380 --> 01:19:08,280
date, where you can have your

1287
01:19:08,490 --> 01:19:12,000
AirDrop money into it. They'll

1288
01:19:12,000 --> 01:19:14,700
spend this and you can only

1289
01:19:14,700 --> 01:19:22,650
other goods on this list. Which

1290
01:19:22,740 --> 01:19:24,000
That could happen as well.

1291
01:19:24,210 --> 01:19:26,490
Yeah, that's a good point. I

1292
01:19:26,490 --> 01:19:30,000
this forever, which is, which is

1293
01:19:30,180 --> 01:19:33,840
to spend money, which which is

1294
01:19:33,900 --> 01:19:37,560
just AirDrop you money that you

1295
01:19:37,560 --> 01:19:40,200
mean, we just like rats in an

1296
01:19:40,530 --> 01:19:43,500
So um, as we wrap up here, I

1297
01:19:43,500 --> 01:19:47,100
wanted to talk about, too,

1298
01:19:47,100 --> 01:19:51,030
been affecting stablecoins,

1299
01:19:51,030 --> 01:19:55,020
issuer circle. So there was a

1300
01:19:55,050 --> 01:19:57,810
because of they I think they

1301
01:19:57,810 --> 01:20:01,110
companies after the collapse of

1302
01:20:01,110 --> 01:20:03,960
course, you know, not

1303
01:20:04,140 --> 01:20:09,090
they've decided to have

1304
01:20:09,090 --> 01:20:14,100
Mellon, which is funny to me

1305
01:20:14,100 --> 01:20:18,210
bank and pop up in my books a

1306
01:20:18,210 --> 01:20:21,330
look at how a lot of the other

1307
01:20:21,330 --> 01:20:23,910
for example, they have their

1308
01:20:23,910 --> 01:20:28,800
bank that was super tied up with

1309
01:20:28,800 --> 01:20:31,740
themselves. It just kind of

1310
01:20:31,740 --> 01:20:35,010
these stable coins seem to have

1311
01:20:35,010 --> 01:20:38,940
don't know, most suspect banks

1312
01:20:38,940 --> 01:20:42,480
it seems like there's an effort

1313
01:20:42,480 --> 01:20:47,640
extent on stable coins, or at

1314
01:20:47,640 --> 01:20:50,880
know, certain banks that are

1315
01:20:51,150 --> 01:20:56,280
unfortunate agendas that we've

1316
01:20:56,280 --> 01:20:59,220
you guys have any thoughts about

1317
01:20:59,220 --> 01:21:04,560
affecting stable coins and sort

1318
01:21:04,560 --> 01:21:08,430
coins and a likely cbdc launch?

1319
01:21:08,520 --> 01:21:12,540
I think, as Michael

1320
01:21:12,540 --> 01:21:17,100
discussion, like the USD stable

1321
01:21:17,100 --> 01:21:20,100
risk. But if you look at the

1322
01:21:20,100 --> 01:21:23,670
could see it as an incredible

1323
01:21:23,670 --> 01:21:28,170
can co opt circle, consolidate

1324
01:21:28,170 --> 01:21:33,840
control, and then somewhat

1325
01:21:33,960 --> 01:21:41,070
very, just fully control it, I

1326
01:21:41,070 --> 01:21:45,990
on the table and bet on who

1327
01:21:45,990 --> 01:21:51,840
the public private, the

1328
01:21:51,840 --> 01:21:54,930
would be high on that list. So I

1329
01:21:54,930 --> 01:21:58,110
sort of like a coring of circle

1330
01:21:58,110 --> 01:22:01,320
important banks. And at some

1331
01:22:01,320 --> 01:22:03,420
government or the Federal

1332
01:22:03,420 --> 01:22:07,260
Hey, we're gonna need you to

1333
01:22:08,250 --> 01:22:09,270
Yeah, that's, that's a

1334
01:22:09,270 --> 01:22:12,540
really good point. So to expand

1335
01:22:12,540 --> 01:22:16,140
everything you said. So if you

1336
01:22:16,140 --> 01:22:19,920
back to my point earlier, which

1337
01:22:19,920 --> 01:22:23,880
sort of organic way you could

1338
01:22:23,910 --> 01:22:26,730
there's a lot of bitcoins is a

1339
01:22:26,730 --> 01:22:30,240
right? I mean, that's exactly

1340
01:22:30,240 --> 01:22:35,490
do. And then there's the WEF,

1341
01:22:35,490 --> 01:22:38,760
upon themselves to reset us into

1342
01:22:38,760 --> 01:22:41,850
these two competing forces that

1343
01:22:41,880 --> 01:22:47,130
effectively right now. Um, and

1344
01:22:47,970 --> 01:22:53,340
I'm starting to view as crucial

1345
01:22:53,910 --> 01:22:57,510
thus far you've had, and I'm

1346
01:22:57,510 --> 01:23:01,050
network Sen and Signet in this

1347
01:23:01,050 --> 01:23:05,790
a wild west a little bit of a

1348
01:23:05,790 --> 01:23:08,640
last few years with around

1349
01:23:09,000 --> 01:23:14,460
24/7 networks, right, that, that

1350
01:23:14,850 --> 01:23:21,930
ecosystem. And that's more or

1351
01:23:21,930 --> 01:23:25,830
it into this sort of

1352
01:23:26,190 --> 01:23:32,130
of things. But I think now the

1353
01:23:32,160 --> 01:23:35,910
having gone too far, let's say,

1354
01:23:35,910 --> 01:23:39,930
this is to organic, right, it's

1355
01:23:40,050 --> 01:23:44,430
And so I think Marty made a

1356
01:23:44,430 --> 01:23:48,210
could be right now, we could be

1357
01:23:48,240 --> 01:23:53,850
of, of the government and the

1358
01:23:54,270 --> 01:23:57,090
these, and they may have already

1359
01:23:57,090 --> 01:23:59,790
agree. I mean, circle has always

1360
01:23:59,790 --> 01:24:04,590
like red flag to me. Always.

1361
01:24:04,650 --> 01:24:07,530
And so this, this goes back to

1362
01:24:07,530 --> 01:24:11,640
is that there could be this

1363
01:24:11,640 --> 01:24:15,450
know, you get to see certain

1364
01:24:15,450 --> 01:24:18,210
stable coin, let's say it's

1365
01:24:18,210 --> 01:24:21,300
contender, in my view as well,

1366
01:24:21,300 --> 01:24:24,810
sanctioned in a way right, so

1367
01:24:24,810 --> 01:24:30,420
six months is all at JPMorgan,

1368
01:24:30,420 --> 01:24:34,680
circle and this USDC and it's

1369
01:24:34,680 --> 01:24:37,980
then they can just allow it to

1370
01:24:37,980 --> 01:24:42,990
could sort of effectively be

1371
01:24:43,020 --> 01:24:47,970
ostensibly run privately, but

1372
01:24:47,970 --> 01:24:50,670
They could they could create a

1373
01:24:50,670 --> 01:24:53,280
no, no, now we need to take it

1374
01:24:53,280 --> 01:24:56,580
Right. And that's, that's one I

1375
01:24:56,580 --> 01:24:56,880
happen.

1376
01:24:57,090 --> 01:25:00,090
Oh, man. Well, one thing

1377
01:25:00,090 --> 01:25:02,310
Want You just said you know how

1378
01:25:02,310 --> 01:25:04,920
mentioned earlier, you know why

1379
01:25:04,920 --> 01:25:09,660
After FTX but not Farmington

1380
01:25:09,660 --> 01:25:14,940
was renamed to be. They had just

1381
01:25:14,970 --> 01:25:18,750
very interesting. And one of the

1382
01:25:18,750 --> 01:25:24,900
claimed to invent CBDCs was, you

1383
01:25:24,900 --> 01:25:28,020
you know, this particular tiny

1384
01:25:28,020 --> 01:25:31,620
Washington state that had all

1385
01:25:31,620 --> 01:25:34,950
Alameda research, they were

1386
01:25:34,950 --> 01:25:39,630
transformation and, you know,

1387
01:25:39,660 --> 01:25:42,690
you know, maybe, maybe that's

1388
01:25:42,690 --> 01:25:47,700
ties to cbdc Architects, or

1389
01:25:47,700 --> 01:25:50,940
would not surprise me at this

1390
01:25:50,940 --> 01:25:55,140
else you guys would like to add

1391
01:25:55,140 --> 01:25:58,860
definitely want to let people

1392
01:25:58,860 --> 01:26:03,000
they can tangibly expect in the

1393
01:26:03,000 --> 01:26:05,220
you know, maybe some solutions

1394
01:26:05,220 --> 01:26:08,340
about having their money in

1395
01:26:09,330 --> 01:26:11,280
I mean, I think Michael

1396
01:26:12,300 --> 01:26:17,370
times are tired, the Fed and the

1397
01:26:17,370 --> 01:26:23,550
heels, and they're going to try

1398
01:26:23,550 --> 01:26:28,500
cbdc future where they have full

1399
01:26:28,530 --> 01:26:33,090
all my energy and time on

1400
01:26:33,090 --> 01:26:36,630
is pretty binary, we either get

1401
01:26:36,630 --> 01:26:41,700
CBDCs, or we're going to truly

1402
01:26:41,700 --> 01:26:47,730
system built on Bitcoin. So

1403
01:26:47,730 --> 01:26:50,670
thinking of how to protect

1404
01:26:50,700 --> 01:26:54,150
Future? I would highly recommend

1405
01:26:54,150 --> 01:26:58,380
yourself about Bitcoin and once

1406
01:26:58,380 --> 01:27:01,410
confident that you believe

1407
01:27:01,410 --> 01:27:06,750
something worthwhile. Acquire

1408
01:27:06,750 --> 01:27:10,260
don't normally get bitcoin, do

1409
01:27:10,260 --> 01:27:14,040
Bitcoin has native properties

1410
01:27:14,040 --> 01:27:17,970
a wallet that that only you can

1411
01:27:17,970 --> 01:27:22,650
company can stop you from

1412
01:27:22,650 --> 01:27:25,020
getting into Bitcoin, it's not

1413
01:27:25,020 --> 01:27:28,140
you buy it, but that you

1414
01:27:28,140 --> 01:27:31,770
do not want to hold your Bitcoin

1415
01:27:31,770 --> 01:27:35,460
be a pressure point that the

1416
01:27:35,460 --> 01:27:38,880
in the future, they will shut

1417
01:27:38,880 --> 01:27:42,930
it is very crucial. While we

1418
01:27:42,930 --> 01:27:45,660
people acquire Bitcoin and get

1419
01:27:45,660 --> 01:27:49,680
control. Because at some point

1420
01:27:49,680 --> 01:27:52,950
the Federal Reserve can flip a

1421
01:27:52,950 --> 01:27:53,640
get bitcoin.

1422
01:27:54,060 --> 01:28:00,300
Yeah, yeah. From that, from my

1423
01:28:00,300 --> 01:28:04,080
think that, you know, as Marty

1424
01:28:04,080 --> 01:28:07,350
think that's right. So, you

1425
01:28:07,350 --> 01:28:09,660
understand, I think everyone

1426
01:28:09,660 --> 01:28:14,010
know, if we're going to have a

1427
01:28:14,010 --> 01:28:20,010
networked world, with more

1428
01:28:20,490 --> 01:28:24,240
very rigidly hierarchical

1429
01:28:24,240 --> 01:28:28,500
panopticon world, which the West

1430
01:28:28,500 --> 01:28:31,470
United States one as well,

1431
01:28:31,470 --> 01:28:34,950
particular, let's say, you know,

1432
01:28:34,950 --> 01:28:40,440
comes with the former right, the

1433
01:28:40,470 --> 01:28:42,960
with freedom, there's a lot of

1434
01:28:42,960 --> 01:28:45,240
with that. And I think that's

1435
01:28:45,240 --> 01:28:47,640
was saying about Bitcoin. I

1436
01:28:47,640 --> 01:28:49,740
properly, you know, you really,

1437
01:28:49,740 --> 01:28:53,520
responsibility needs to take,

1438
01:28:53,520 --> 01:28:57,180
so people need to also be

1439
01:28:57,540 --> 01:29:01,470
And this is like the primary

1440
01:29:01,470 --> 01:29:07,110
way, I firmly believe that it's

1441
01:29:07,110 --> 01:29:10,740
responsible for their own

1442
01:29:10,890 --> 01:29:14,610
and just programming to get the

1443
01:29:14,610 --> 01:29:18,750
these things to push forward.

1444
01:29:18,750 --> 01:29:21,570
because that is what's going to

1445
01:29:21,570 --> 01:29:25,530
response, you know, your, your,

1446
01:29:25,530 --> 01:29:28,110
of course, like the media, you

1447
01:29:28,110 --> 01:29:30,450
mainstream media, like,

1448
01:29:30,450 --> 01:29:33,810
warning on every single

1449
01:29:33,810 --> 01:29:38,730
so poisonous to your mind. It is

1450
01:29:38,730 --> 01:29:42,660
think the best advice I could

1451
01:29:42,660 --> 01:29:46,410
happens, that's big and scary,

1452
01:29:46,410 --> 01:29:49,200
for a second. You know, take a

1453
01:29:49,200 --> 01:29:52,230
react because I think,

1454
01:29:52,230 --> 01:29:55,560
like us to that. We have social

1455
01:29:55,560 --> 01:30:00,330
reasonably large. You feel the

1456
01:30:00,330 --> 01:30:03,420
conclusion or have a response or

1457
01:30:03,420 --> 01:30:06,630
And I've found at least

1458
01:30:06,630 --> 01:30:10,950
to not do that. Because let it

1459
01:30:10,950 --> 01:30:13,710
what's, how did it how does the

1460
01:30:13,710 --> 01:30:16,680
the public reacting? Why are we

1461
01:30:16,680 --> 01:30:20,730
so that would be my my advice

1462
01:30:20,730 --> 01:30:23,460
mind, really guard your

1463
01:30:23,850 --> 01:30:26,190
that is what's being very

1464
01:30:26,220 --> 01:30:30,690
with, with every sign up to

1465
01:30:30,690 --> 01:30:31,020
want to be.

1466
01:30:31,200 --> 01:30:34,230
Yeah, I think that's a

1467
01:30:34,260 --> 01:30:36,810
I've talked to some people from

1468
01:30:36,810 --> 01:30:41,160
live in Chile. And, you know,

1469
01:30:41,160 --> 01:30:45,090
collapse, you know, about 20

1470
01:30:45,090 --> 01:30:48,720
them, you know, is the, the best

1471
01:30:48,720 --> 01:30:53,640
situation is have is not given

1472
01:30:53,670 --> 01:30:57,270
because that's going to lead you

1473
01:30:57,270 --> 01:31:01,140
may otherwise have not made, and

1474
01:31:01,140 --> 01:31:05,340
be better off if you can keep

1475
01:31:06,300 --> 01:31:10,620
in the economy, and you know,

1476
01:31:10,620 --> 01:31:13,290
Argentina, this time, we're just

1477
01:31:13,290 --> 01:31:17,190
sector of the US economy, like

1478
01:31:17,190 --> 01:31:23,100
So you know, if too much stuff

1479
01:31:23,100 --> 01:31:25,290
definitely see what will happen.

1480
01:31:25,290 --> 01:31:29,850
to some people who aren't

1481
01:31:29,850 --> 01:31:33,840
or interested in crypto because

1482
01:31:34,350 --> 01:31:36,900
what would you say? What do you

1483
01:31:36,900 --> 01:31:40,740
know, have accounts at some of

1484
01:31:41,460 --> 01:31:45,630
Wells, Fargo, etc? You know, Is

1485
01:31:45,630 --> 01:31:49,470
they think about putting it

1486
01:31:49,470 --> 01:31:49,800
mean,

1487
01:31:50,310 --> 01:31:55,560
all the big banks are

1488
01:31:55,560 --> 01:31:58,500
essentially, the only way

1489
01:31:58,500 --> 01:32:04,350
forward is the Fed printing

1490
01:32:04,380 --> 01:32:08,040
the banking system, the way it's

1491
01:32:08,040 --> 01:32:11,400
banking, and money printing at

1492
01:32:11,430 --> 01:32:15,840
for failure. I mean, personally,

1493
01:32:16,680 --> 01:32:22,140
in the bank as you're willing to

1494
01:32:22,140 --> 01:32:25,260
believe and I know, it's a

1495
01:32:25,260 --> 01:32:28,530
very emotional about it. And

1496
01:32:28,530 --> 01:32:30,930
educate themselves about it, I'm

1497
01:32:30,930 --> 01:32:35,550
just go buy bitcoin, right now,

1498
01:32:35,550 --> 01:32:39,720
yourself about it. If you spend

1499
01:32:39,720 --> 01:32:42,360
think that you'll come to a

1500
01:32:42,630 --> 01:32:46,020
a lot more sense than the

1501
01:32:46,020 --> 01:32:51,990
personally, I hold most of my

1502
01:32:51,990 --> 01:32:55,440
the banking system. That's what

1503
01:32:55,440 --> 01:32:59,550
alternative to the big banks, I

1504
01:32:59,550 --> 01:33:02,550
many there systemically

1505
01:33:02,550 --> 01:33:06,330
that will get bailed out every

1506
01:33:06,330 --> 01:33:09,810
small community bank, but as

1507
01:33:09,810 --> 01:33:12,900
banking crisis playing out right

1508
01:33:12,900 --> 01:33:20,310
safe. It is really weird times

1509
01:33:20,310 --> 01:33:24,060
the Federal Reserve has

1510
01:33:24,120 --> 01:33:26,700
in any confidence we could have

1511
01:33:27,870 --> 01:33:31,080
Yeah, so So from my perspective,

1512
01:33:31,080 --> 01:33:34,230
to two guys that probably

1513
01:33:34,260 --> 01:33:39,180
significant bank accounts for

1514
01:33:39,180 --> 01:33:41,580
nine, I mean, I immediately I

1515
01:33:41,580 --> 01:33:44,910
fail personally, you know, since

1516
01:33:44,910 --> 01:33:47,970
whatever money I need in the

1517
01:33:47,970 --> 01:33:51,000
I, you know, I'll put money in

1518
01:33:51,000 --> 01:33:53,880
I need to do that, or what I

1519
01:33:53,880 --> 01:33:56,520
I just been, you know, I tried

1520
01:33:56,520 --> 01:33:59,760
banking system for over a

1521
01:33:59,760 --> 01:34:02,010
the best guy to ask about, like,

1522
01:34:02,010 --> 01:34:05,610
system, because I try to stay

1523
01:34:05,610 --> 01:34:08,820
I'm not going to talk about

1524
01:34:08,820 --> 01:34:12,870
some precious metals, what I

1525
01:34:12,870 --> 01:34:15,270
do, like if someone said to me,

1526
01:34:15,270 --> 01:34:19,380
can't buy bitcoin, you can't buy

1527
01:34:19,620 --> 01:34:22,110
those are not your options. So

1528
01:34:22,110 --> 01:34:26,160
got a bunch of money in the

1529
01:34:26,160 --> 01:34:30,270
is I would look around and I

1530
01:34:30,270 --> 01:34:33,780
my life more resilient? You

1531
01:34:33,780 --> 01:34:37,980
take do I do I start to grow

1532
01:34:38,010 --> 01:34:40,800
landscape? Do I get chickens

1533
01:34:40,800 --> 01:34:42,690
what, do I stock up on

1534
01:34:42,689 --> 01:34:46,169
stuff? You know, your money

1535
01:34:46,199 --> 01:34:48,029
It's usually what I tell people.

1536
01:34:48,030 --> 01:34:50,160
exactly. So So for

1537
01:34:50,160 --> 01:34:52,590
example. And I haven't done this

1538
01:34:52,590 --> 01:34:55,620
reasons, although it's always in

1539
01:34:55,620 --> 01:34:58,710
clearly, there's going to be

1540
01:34:58,710 --> 01:35:01,140
the US and China you know, and

1541
01:35:01,140 --> 01:35:05,700
bad now, you haven't seen

1542
01:35:05,700 --> 01:35:08,070
point, and I don't know what

1543
01:35:08,070 --> 01:35:12,000
in 2027 I have no idea. But at

1544
01:35:12,000 --> 01:35:14,850
products that are made in China

1545
01:35:14,850 --> 01:35:17,580
find their way here anymore. You

1546
01:35:17,820 --> 01:35:21,060
So, you know, you know, so So

1547
01:35:21,060 --> 01:35:23,490
sort of things you know, do you

1548
01:35:23,490 --> 01:35:26,130
things will be important to your

1549
01:35:26,130 --> 01:35:29,370
coming years out, there's,

1550
01:35:29,370 --> 01:35:32,760
important one energy is another

1551
01:35:32,760 --> 01:35:35,760
shut having your shelter your

1552
01:35:35,760 --> 01:35:38,070
need? Do you need certain

1553
01:35:38,070 --> 01:35:41,460
know, things like that. So, if

1554
01:35:41,460 --> 01:35:44,520
not wanting to, like, put your

1555
01:35:44,520 --> 01:35:48,990
say, financial assets, I would

1556
01:35:49,080 --> 01:35:51,840
having things that you know,

1557
01:35:51,840 --> 01:35:54,150
right? Like, don't stockpile

1558
01:35:54,150 --> 01:35:56,850
use, but if you know that you're

1559
01:35:57,090 --> 01:36:00,870
over the next three years, why

1560
01:36:00,870 --> 01:36:02,910
know, if you've got the money to

1561
01:36:02,910 --> 01:36:05,640
scared of that, you know, the

1562
01:36:05,640 --> 01:36:08,280
know, this is what my wife and I

1563
01:36:08,550 --> 01:36:12,780
dedicating 2023 so far to this.

1564
01:36:12,780 --> 01:36:17,550
It's been busy, but you know,

1565
01:36:17,580 --> 01:36:22,230
that you don't have, that you

1566
01:36:22,230 --> 01:36:24,840
would, I would, I would

1567
01:36:24,870 --> 01:36:27,630
think about that, like, where do

1568
01:36:27,630 --> 01:36:31,350
for me, personally, there have

1569
01:36:31,350 --> 01:36:36,240
just my inability, really to

1570
01:36:36,240 --> 01:36:39,990
physical world at all, you know,

1571
01:36:39,990 --> 01:36:42,480
like, nobody knows how to do

1572
01:36:42,510 --> 01:36:47,010
frickin superintendent, like,

1573
01:36:47,010 --> 01:36:50,070
I felt very, I felt very

1574
01:36:50,070 --> 01:36:52,470
you know, I'm taking a

1575
01:36:52,470 --> 01:36:56,010
in the carpentry, trying to

1576
01:36:56,100 --> 01:36:58,350
it's a massive learning curve,

1577
01:36:58,350 --> 01:37:02,040
Bitcoins, just like drinking

1578
01:37:02,370 --> 01:37:06,030
that's necessary. So yeah,

1579
01:37:06,060 --> 01:37:09,720
no one, people in the US were

1580
01:37:09,720 --> 01:37:12,210
generational level, the ability

1581
01:37:12,210 --> 01:37:15,450
stuff, like the knowledge base

1582
01:37:15,450 --> 01:37:19,320
come back for the US to have any

1583
01:37:19,320 --> 01:37:20,400
forward. Right? Yeah.

1584
01:37:20,430 --> 01:37:23,040
So we'd like our kids,

1585
01:37:23,040 --> 01:37:26,250
that kind of stuff. Like, like,

1586
01:37:26,250 --> 01:37:28,860
woodworking classes, too. So

1587
01:37:28,890 --> 01:37:33,420
you know, don't just be this

1588
01:37:33,450 --> 01:37:36,000
even I did this too, I just buy

1589
01:37:36,000 --> 01:37:38,760
well, when is the world gonna

1590
01:37:38,760 --> 01:37:41,610
but really, you know, every

1591
01:37:41,610 --> 01:37:45,270
single don't waste your time, I

1592
01:37:45,270 --> 01:37:48,960
there, every single one of us

1593
01:37:48,960 --> 01:37:51,990
and we probably know what it is.

1594
01:37:51,990 --> 01:37:54,930
better at this right? Or I wish

1595
01:37:54,930 --> 01:37:56,460
better at it. Right? Go learn

1596
01:37:56,880 --> 01:37:59,310
Yeah, you don't want to be

1597
01:37:59,310 --> 01:38:02,700
what's coming. Because I mean, I

1598
01:38:02,700 --> 01:38:06,990
know, if this gets ultra super

1599
01:38:07,020 --> 01:38:10,470
left penniless, you know, the

1600
01:38:10,500 --> 01:38:15,660
Oh, well, you know, here's your

1601
01:38:15,660 --> 01:38:17,940
some money, you know, from the

1602
01:38:17,940 --> 01:38:21,600
but it's only in cbdc form. And

1603
01:38:21,600 --> 01:38:24,660
can only use it on the things we

1604
01:38:25,680 --> 01:38:28,380
Exactly. And like even

1605
01:38:28,380 --> 01:38:33,210
connections, we started buying

1606
01:38:33,210 --> 01:38:36,150
neighbor, you know, I could walk

1607
01:38:36,150 --> 01:38:38,640
months, it's been great. We want

1608
01:38:38,640 --> 01:38:40,710
I've ever had in my life, like

1609
01:38:40,710 --> 01:38:44,730
just just just, you know, there

1610
01:38:44,730 --> 01:38:45,210
that regard.

1611
01:38:45,479 --> 01:38:50,489
Yeah, that's, that's something

1612
01:38:50,489 --> 01:38:54,749
movement within Bitcoin, like

1613
01:38:54,749 --> 01:38:57,629
concept of going out and shaking

1614
01:38:57,629 --> 01:39:02,189
can Ranch, maybe you can't farm.

1615
01:39:02,189 --> 01:39:05,489
your car and drive to your local

1616
01:39:05,489 --> 01:39:08,729
that farmer's hand and figure

1617
01:39:08,729 --> 01:39:10,979
if you're, if you're not going

1618
01:39:10,979 --> 01:39:13,769
you're gonna be able to be self

1619
01:39:13,769 --> 01:39:17,039
or ranch to supply your own

1620
01:39:17,039 --> 01:39:20,999
you that are and they need to be

1621
01:39:20,999 --> 01:39:25,019
community and connections

1622
01:39:25,709 --> 01:39:27,599
Please, Yep, totally agree.

1623
01:39:28,320 --> 01:39:29,940
All right, well, sounds like

1624
01:39:29,940 --> 01:39:33,690
same page there and obviously

1625
01:39:33,690 --> 01:39:38,610
situation plays out over the

1626
01:39:38,610 --> 01:39:42,900
issues obviously are not going

1627
01:39:42,900 --> 01:39:45,870
said, so people that are

1628
01:39:45,870 --> 01:39:48,540
podcast, how can they follow you

1629
01:39:48,540 --> 01:39:49,050
elsewhere?

1630
01:39:50,040 --> 01:39:51,960
Yeah, if you want to

1631
01:39:51,960 --> 01:39:58,290
Twitter at Marty bent. And I

1632
01:39:58,290 --> 01:40:01,980
find my newsletter. There are

1633
01:40:01,980 --> 01:40:06,300
in the digital age and then the

1634
01:40:06,300 --> 01:40:07,320
rabbit hole recap.

1635
01:40:08,519 --> 01:40:12,749
Yeah, from my end, I'm mostly

1636
01:40:12,749 --> 01:40:17,489
Liberty, blitz BL ITC Liberty

1637
01:40:17,489 --> 01:40:20,339
blitzkrieg, though if I don't

1638
01:40:20,339 --> 01:40:22,529
there's a ton of stuff there. I

1639
01:40:22,529 --> 01:40:25,979
any any word you think is

1640
01:40:25,979 --> 01:40:30,119
lot of articles I wrote almost

1641
01:40:30,779 --> 01:40:33,719
I'm sure I'll write again at

1642
01:40:33,719 --> 01:40:36,899
not Not at the moment. So yeah,

1643
01:40:36,899 --> 01:40:38,879
Twitter, and that's effectively.

1644
01:40:39,899 --> 01:40:41,969
Okay, well, super. Well.

1645
01:40:41,969 --> 01:40:47,459
back on to talk about even more

1646
01:40:47,459 --> 01:40:50,369
I'll have you guys back probably

1647
01:40:50,369 --> 01:40:54,209
depending on how all of this

1648
01:40:54,209 --> 01:40:56,609
everyone for listening,

1649
01:40:56,609 --> 01:41:00,089
this podcast. A big thanks to

1650
01:41:00,119 --> 01:41:02,999
And yeah, we'll catch you on the

1651
01:41:03,719 --> 01:41:04,079
Thank you