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Music.

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Welcome back to the

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your host, Whitney Webb,

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UnlimitedHangout.com and today I

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author of the book The Bitcoin

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Contributor, Hi Mark.

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Hello Whitney. Thanks so

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So while most people have

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world's largest asset manager,

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relatively few people are aware

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pivotal role in the largest

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wealth in the history of the

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us, it seems that the final

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process of theft is quickly

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the media manufactured ignorance

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crimes ever in this episode of

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help dispel some of that

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crisis. The unusual relationship

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BlackRock began with Blackrock

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and informal quote, unquote

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Department. At the time,

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role in the public sector for

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taxpayers. As the asset manager

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driver, generating profit for

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over positive outcomes for the

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when those concerns were proven

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crash. That didn't stop the

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Blackrock during the next major

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downturn, while often framed as

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of covid 19, as a global

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really begun months earlier in

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when the repo market went

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Reserve System to intervene. The

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the public know had been

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Blackrock not long before the

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That Blackrock design policy,

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begin well before covid, but

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to execute the largest wealth

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history. Yet very few Americans

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more recent theft, particularly

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much of the independent media

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policies, either declined to

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unaware it even happened with

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major US debt crisis is on the

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person who broke the going

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explain what Blackrock has done

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during this apparently

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will also discuss the

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wave that began with the

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and how Blackrock covid era

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revealing how many of the

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few years were intentionally

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successfully sought to

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the financial services industry

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that ostensibly regulate them.

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best evidence video channel

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platforms. He is also a frequent

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Fitts Solari report, where he co

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podcast. Also, as I alluded to a

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author of the expose that

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going direct policy during the

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forensically exposed a variety

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Wall Street and the Fed, often

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years. Welcome back to unlimited

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have you today.

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Great to be back. Whitney,

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wonderful. So while

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name these days, I feel that

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they actually do and the power

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particularly as it relates to

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their influence over the

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giving a brief overview of what

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and its relationship with us,

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into the specifics?

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Yeah, let me, let me say one

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story. I think the person who

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Martins of

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did was was, was explain the

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paper dealing with the next

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subsequently happened both on

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banks balance sheets, and that's

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alone doing, because so many

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many monetary commentators

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quantitative easing is merely an

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the banking system at the

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is incorrect and has been

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itself, and it was refuted in

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Anyway, we can get into that

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about BlackRock. Though

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world's largest asset manager,

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they're a financial institution.

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entities are different. Banks

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non banks. Non banks are include

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reach into our pocket, we pull

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dispossessed of that money when

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lend on the piggy bank model.

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lends $20 whether it's a

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America, or a wholesale bank or

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Reserve, they don't they don't

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the money. They create that

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it out against an asset, and

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in. So BlackRock, technically,

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the Treasury in 2008 but their

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when they when Blackrock went

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created out of thin air, and

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pandemic began, the Fed

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of reserves out of thin air and

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this in early 2020, through the

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bought assets from non banks,

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global financial crisis. 2008

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bailing out banks, and it was

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from non banks, but in 2020 it

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from from non banks, and that

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August of 2019 at the biggest

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the year in Jackson Hole

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Kansas City Fed. BlackRock has a

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next downturn, and in that

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know what? There's going to be

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is Federal Reserve, you're going

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banks, which is a departure from

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global financial crisis of oh

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need to inject money, helicopter

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commercial banking system, and

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the New York the overnight repo

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melt down. The New York Fed

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assets from non banks, and that

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2020 up through March 2020 of

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March 10, the World Health

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worldwide pandemic, and the Fed

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You know what, we gotta, we

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what the Fed did not say when

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connection with the pandemic

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the asset from non banks. But

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can see that very clearly. I've

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video of that showing that the

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assets from non banks, which had

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the Fed bought in assets, it

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of money in the commercial

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pandemic. If you added up all

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accounts in the US, the

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13 and a half trillion, when it

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out at $18 trillion that was the

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and that was managed by

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in by the Fed to manage the

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signed a waiver saying, oh, you

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actually buy BlackRock. You can,

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assets. Isn't that great. So

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you own with, with, with money

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buy your own assets. What a

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because we're signing a, you

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do that. So it really wasn't

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a bank robbery with a gun to

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along the lines of Blackrock had

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leveraged the living be Jesus

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of it, and, and, you know,

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they crushed demand by basically

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for, you know, a year and a half

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know, massively expanding the

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banks. I don't know if maybe how

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here, but you've done some

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breaking down, you know, very

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system of reserves and of money,

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think when you talk about the

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be helpful for listeners that

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know, knowing things are messed

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mechanisms. Here, it might make

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you know, the creation of

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capital, you know, money

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this private, public

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the Fed and Treasury make

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money, and then what the repo

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repo market exploding in

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before lockdowns. You know why

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So is that? Is that too broad of

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mind just kind of going over,

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The repo market is is less

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triggered the crisis, for sure,

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amount of asset purchases done

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billion which, at the time,

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ultimately paled in comparison,

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complicated because the Fed to

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so that you can never know who

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from. The Fed buys assets from

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if you went to the Fed, even if

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Fed, say, who'd you buy the

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give you a list of 24 primary

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who they bought the assets from.

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let's, let's talk about the two

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more important component, and

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pandemic quantitative easing,

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pandemic, from what it did

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financial crisis. The global

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trouble. Okay, all the banks, I

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Morgan says. JP Morgan was as

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That whole notion is just a lie.

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first video I ever made was

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baseball, where I show that JP

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Diamond's line of Congress, they

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what the Fed did then was they

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when do you do that? Banks don't

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like you do. They have special

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bank at commercial banks. Banks

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the Fed. The Fed is the bank's

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do their banking with the Fed.

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savings accounts. They use

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reserves like tokens. And so

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from JP Morgan and Citigroup,

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say, a billion dollars of these

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thin air, give them to the

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Chase or Bank of America, and in

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over an asset to and mostly it

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two thirds treasuries and 1/3

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that made the banks liquid.

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of asset trading at that time.

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that the markets had seized up.

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reserves are highly liquid, but

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assets stays within the banking

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At the wholesale level, there's

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the on the commercial deposit

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go up, my banking account

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money supply at that retail

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purchase of an asset from a

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the pandemic, and the Fed is no

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from banks. Banks aren't the

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Mark, it's really, in theory,

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trouble because they're being

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much. But the point either way

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buying assets, not from

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institutions like, say, Tesla,

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hedge funds, that would be

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institution. And when you do

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because say, let's just call

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an example. Even though I don't,

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they bought assets from Tesla.

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Tesla does not have an account

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does the Fed go to Tesla and buy

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account at the Fed. They can't

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don't mean anything to the

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Cheese tokens. The Tesla's like,

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that transaction works is, no,

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don't have an account of the

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the rules. No, I know. I

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Well, it's kind

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of what went on. So the way

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is the Fed goes to Tesla's bank,

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banks at it's on the West Coast.

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Fed to buy an asset from Elon

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going to work is we're going to,

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dollars of reserves at Wells

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Wells Fargo balance sheet. Now

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corresponding liability on its

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sheets need to drum roll balance

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is created at Wells Fargo, it

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credit to Elon Musk's bank

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at Wells Fargo. And now

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Musk got rid of his $1 billion

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billion new dollars in his Wells

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checked out. He's all squared

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because it's got a billion

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side of his balance sheet, the

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liabilities in the form of a new

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checking account. On the

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balanced out because it's got

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it got from Elon Musk, which is

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BlackRock, and it's got a

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called $1 billion of reserves.

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transaction, and that is the

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wrote, I did video after video

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wrote a paper saying, yeah,

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things work when we buy assets

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went on, and that's, that's what

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money supply in the banking

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trillion to $18 trillion that's

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All these other bogeymen they

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buying assets from non banks.

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of the Bank of England, threw

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Yep, that's the Fed's fault for

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Wow, interesting. And that

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know. Because what it means is,

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Blackrock is concerned, it

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managing a ton of assets, and we

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they're, you can rest assured,

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manager was brought in because

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you know, pretty much the

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Number one, number two, as I

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00:17:30,620 --> 00:17:34,280
allowing Blackrock to take both

287
00:17:34,280 --> 00:17:38,000
prevent Blackrock from investing

288
00:17:38,000 --> 00:17:41,260
and plunk, you know, a billion

289
00:17:41,560 --> 00:17:46,060
answered nothing blocked them to

290
00:17:46,120 --> 00:17:50,800
conflicts of interest bound up

291
00:17:50,800 --> 00:17:54,160
yet it went forward with very

292
00:17:54,160 --> 00:17:56,740
say, very little understanding

293
00:17:56,740 --> 00:18:00,240
financial matters. That's what,

294
00:18:00,240 --> 00:18:03,060
this is just, they're stop

295
00:18:03,420 --> 00:18:05,640
That's that's the answer that

296
00:18:05,640 --> 00:18:07,860
well, there's not gonna be

297
00:18:07,860 --> 00:18:10,320
swap at the wholesale level.

298
00:18:10,320 --> 00:18:15,480
swap. It's a third, three way

299
00:18:15,480 --> 00:18:19,560
entity that has the effect of

300
00:18:19,560 --> 00:18:22,820
replicating the creation of

301
00:18:22,880 --> 00:18:25,820
a billion dollars of new

302
00:18:25,820 --> 00:18:29,720
from a non bank, you are, by

303
00:18:29,720 --> 00:18:33,260
creating, in parallel, $1

304
00:18:33,260 --> 00:18:37,040
banking system. So stop saying

305
00:18:37,040 --> 00:18:42,340
yet to this day, I see renowned

306
00:18:42,340 --> 00:18:45,820
very line, and it's completely

307
00:18:45,820 --> 00:18:48,520
false. It's unbelievable. Yeah,

308
00:18:49,180 --> 00:18:51,760
there's also, I mean, I

309
00:18:51,760 --> 00:18:55,240
as well. Is that not only were

310
00:18:55,240 --> 00:18:57,340
know, assets from non bank

311
00:18:57,340 --> 00:19:00,600
obvious, you know, conflict of

312
00:19:00,600 --> 00:19:06,780
Blackrock were buying their own

313
00:19:06,780 --> 00:19:09,300
think that maybe would be a good

314
00:19:09,300 --> 00:19:13,380
about, maybe, like, what an ETF

315
00:19:13,380 --> 00:19:16,500
dominated, you know, since oh

316
00:19:16,500 --> 00:19:19,260
bought the iShares brand from

317
00:19:19,500 --> 00:19:22,580
government bailout, you know.

318
00:19:22,580 --> 00:19:25,880
of like the most popular vehicle

319
00:19:25,880 --> 00:19:28,280
such a it's such a great

320
00:19:28,280 --> 00:19:32,540
to basically just index and just

321
00:19:32,540 --> 00:19:35,360
then sell, you know, shares of

322
00:19:35,360 --> 00:19:39,500
actually have to really do too

323
00:19:39,500 --> 00:19:43,660
yeah. So, so why has the ETF

324
00:19:43,660 --> 00:19:46,660
into bitcoin stuff and whatever,

325
00:19:46,660 --> 00:19:51,340
from, you know, not, not messing

326
00:19:51,340 --> 00:19:54,700
oh, wait, to now being the

327
00:19:54,700 --> 00:19:57,400
world. And I think the ETF

328
00:19:57,400 --> 00:19:59,380
this stuff. So maybe just kind

329
00:20:00,000 --> 00:20:04,080
In my opinion, the ETFs have

330
00:20:04,080 --> 00:20:08,820
an easy way for Joe Schmo to get

331
00:20:08,820 --> 00:20:12,000
he sold on a couple he's like,

332
00:20:12,000 --> 00:20:14,940
It's indexed. It's across a

333
00:20:14,940 --> 00:20:17,280
different companies. You don't

334
00:20:17,280 --> 00:20:20,960
managed by Larry Fink, and he's

335
00:20:20,960 --> 00:20:23,840
your money and we'll spread it

336
00:20:24,320 --> 00:20:28,640
you know, in the electronic car,

337
00:20:28,640 --> 00:20:33,200
it really is expanded the

338
00:20:33,200 --> 00:20:36,560
the stock market. But notice

339
00:20:36,560 --> 00:20:40,540
professional money managers like

340
00:20:40,540 --> 00:20:44,980
effect of it to me, it's, it's

341
00:20:44,980 --> 00:20:50,200
than anything else, because if

342
00:20:50,200 --> 00:20:53,860
10k filings that every, or even

343
00:20:53,860 --> 00:20:57,940
10k filings of companies that

344
00:20:57,940 --> 00:21:01,140
exchange, you know, every, every

345
00:21:01,140 --> 00:21:03,360
annual report with the

346
00:21:03,360 --> 00:21:06,900
Commission, and one of the parts

347
00:21:08,220 --> 00:21:11,340
proxy statement, which includes

348
00:21:11,340 --> 00:21:14,880
owners. And so you can go

349
00:21:14,940 --> 00:21:18,720
by company, and see who wants

350
00:21:19,680 --> 00:21:22,760
And when you do that, I don't

351
00:21:22,760 --> 00:21:25,940
it's a company of any size at

352
00:21:25,940 --> 00:21:28,820
same names again and again and

353
00:21:29,480 --> 00:21:33,740
fidelity, State Street. There's

354
00:21:33,800 --> 00:21:36,620
state Street's a bank, but

355
00:21:36,620 --> 00:21:40,220
but they're a bunch of different

356
00:21:40,220 --> 00:21:46,000
managers, and so if you think

357
00:21:46,000 --> 00:21:49,420
numbers that are typical, the

358
00:21:49,420 --> 00:21:53,140
with huge companies, and so far

359
00:21:53,680 --> 00:22:00,840
are 789, percent right around

360
00:22:00,840 --> 00:22:03,960
well, this company, that's a lot

361
00:22:03,960 --> 00:22:08,460
publicly traded company. I mean,

362
00:22:09,420 --> 00:22:12,000
and realistically, you gotta

363
00:22:12,000 --> 00:22:15,300
well, who owns BlackRock, who

364
00:22:15,300 --> 00:22:19,260
know, you can only peel that

365
00:22:19,260 --> 00:22:24,980
9% that's an enormous amount of

366
00:22:24,980 --> 00:22:28,340
you can threaten, we'll dump

367
00:22:28,340 --> 00:22:33,380
price and destroy your bonus,

368
00:22:33,380 --> 00:22:37,040
this. And when you talk about a

369
00:22:37,040 --> 00:22:40,780
you know BlackRock, you know

370
00:22:42,820 --> 00:22:49,000
Those, those asset managers, own

371
00:22:49,000 --> 00:22:52,720
company. So it's really, to me,

372
00:22:52,720 --> 00:22:57,700
those companies need to get in

373
00:22:57,700 --> 00:23:01,980
Blackrock can dump the stock,

374
00:23:01,980 --> 00:23:05,280
Blackrock is in bed with the

375
00:23:05,280 --> 00:23:10,260
setting monetary policy. So it

376
00:23:10,260 --> 00:23:16,320
parcel of a larger control

377
00:23:16,320 --> 00:23:16,740
system.

378
00:23:18,300 --> 00:23:20,720
Well, something else you've

379
00:23:20,720 --> 00:23:25,880
the, I guess, downstream effects

380
00:23:25,880 --> 00:23:31,100
of these killer whale account

381
00:23:31,100 --> 00:23:34,760
explain what those killer whale

382
00:23:34,760 --> 00:23:39,440
helped create them, and their

383
00:23:39,440 --> 00:23:43,000
the collapse of Silicon Valley

384
00:23:43,000 --> 00:23:46,360
regional banking crisis of that

385
00:23:46,360 --> 00:23:50,320
direct reset didn't

386
00:23:50,320 --> 00:23:53,980
reset created those killer whale

387
00:23:53,980 --> 00:23:56,140
about what a killer whale

388
00:23:56,140 --> 00:24:00,240
whale account is any it's a bank

389
00:24:00,240 --> 00:24:03,480
departure from the bank

390
00:24:03,480 --> 00:24:05,940
were created during a going

391
00:24:05,940 --> 00:24:08,460
to my Elon Musk's example. Let

392
00:24:08,460 --> 00:24:11,700
Elon Musk, though, to a more

393
00:24:11,700 --> 00:24:17,280
Peter Thiel. But Peter Thiel

394
00:24:17,280 --> 00:24:21,560
period, full stop. That's Peter

395
00:24:21,620 --> 00:24:25,820
moved all of his money and all

396
00:24:25,820 --> 00:24:28,520
Silicon Valley Bank, and it

397
00:24:28,520 --> 00:24:33,200
testimony on the record is that

398
00:24:33,200 --> 00:24:38,060
accounts in Silicon Valley Bank

399
00:24:38,060 --> 00:24:42,040
Thiel. He wrecked that bank. $42

400
00:24:42,040 --> 00:24:46,840
in a day, and that's what wiped

401
00:24:46,840 --> 00:24:49,840
possible? How can that much

402
00:24:49,840 --> 00:24:54,100
the during the global financial

403
00:24:54,100 --> 00:24:59,140
weeks to move something like $16

404
00:24:59,140 --> 00:25:01,680
those west coast. Banks. And

405
00:25:01,680 --> 00:25:05,880
one, but two weeks versus six

406
00:25:05,880 --> 00:25:09,480
enabled by the killer whale

407
00:25:09,480 --> 00:25:13,020
comes, like I said, back to the

408
00:25:13,020 --> 00:25:16,080
Fed comes to Peter Thiel or

409
00:25:16,080 --> 00:25:18,660
what? We want to buy an asset

410
00:25:18,660 --> 00:25:21,920
got a billion dollar Treasury

411
00:25:21,920 --> 00:25:26,300
from you. And Palantir is like,

412
00:25:26,300 --> 00:25:29,600
We don't take those stupid

413
00:25:29,600 --> 00:25:32,120
with Wells Fargo, and the Fed

414
00:25:32,120 --> 00:25:35,720
give them the money. Well, now

415
00:25:35,720 --> 00:25:40,280
dollar account at Wells Fargo in

416
00:25:40,820 --> 00:25:44,860
That's a lot of money. And

417
00:25:45,640 --> 00:25:48,880
people don't hold on to bank

418
00:25:48,940 --> 00:25:53,560
they're uninsured. Only $250,000

419
00:25:54,100 --> 00:25:56,980
So what do you do? Well, the

420
00:25:56,980 --> 00:25:59,980
you, you put it in the treasury

421
00:25:59,980 --> 00:26:02,880
know, it's the government and

422
00:26:02,880 --> 00:26:06,600
the government goes belly up,

423
00:26:06,600 --> 00:26:11,040
than your assets. So that's

424
00:26:11,040 --> 00:26:13,860
keep that much money in the bank

425
00:26:13,860 --> 00:26:16,800
because they're not getting an

426
00:26:16,800 --> 00:26:20,480
happens is, all these people are

427
00:26:20,480 --> 00:26:24,200
dollar accounts, and north of a

428
00:26:24,200 --> 00:26:26,720
well, I don't why are they

429
00:26:26,720 --> 00:26:29,540
mean, I could see somebody

430
00:26:29,540 --> 00:26:33,200
bank for, you know, a week or a

431
00:26:33,200 --> 00:26:36,380
get their ducks in a row. But

432
00:26:36,380 --> 00:26:39,980
companies like Palantir or Peter

433
00:26:40,220 --> 00:26:44,920
for a long time, and then they

434
00:26:44,920 --> 00:26:48,220
And when a bank, when you

435
00:26:48,820 --> 00:26:51,880
you know it's a liability to the

436
00:26:51,880 --> 00:26:55,480
that's a good deal for the bank.

437
00:26:55,480 --> 00:26:59,320
leaving but that's not the way

438
00:26:59,320 --> 00:27:03,300
they send out of liability to

439
00:27:03,300 --> 00:27:06,480
a corresponding asset, and the

440
00:27:06,720 --> 00:27:10,380
So deposits leaving is a big

441
00:27:10,380 --> 00:27:13,320
gonna, it's gonna drain your

442
00:27:13,320 --> 00:27:16,080
billion dollars, and somebody

443
00:27:16,080 --> 00:27:18,780
it's gonna drain your asset side

444
00:27:19,140 --> 00:27:22,220
That's what. Why? Because people

445
00:27:22,220 --> 00:27:26,300
they keep assets on hand, in

446
00:27:26,300 --> 00:27:30,500
liabilities. But in practice, a

447
00:27:30,500 --> 00:27:33,440
side of a bank's balance sheet

448
00:27:33,440 --> 00:27:37,220
that fast, and so the sudden

449
00:27:37,220 --> 00:27:40,720
send a bank like Silicon Valley

450
00:27:40,720 --> 00:27:43,660
what happened. But Peter Thiel

451
00:27:43,660 --> 00:27:48,580
was enabled by pandemic QE, by

452
00:27:49,300 --> 00:27:52,540
that that's exactly how that

453
00:27:52,540 --> 00:27:56,260
talked about that, despite the

454
00:27:56,260 --> 00:28:01,080
Congressional Record on that

455
00:28:01,080 --> 00:28:05,040
Virginia, senator from Virginia,

456
00:28:05,040 --> 00:28:09,240
shows that $13 billion left that

457
00:28:09,240 --> 00:28:13,980
six hours. How does that happen?

458
00:28:14,220 --> 00:28:18,120
because the Fed was buying

459
00:28:18,120 --> 00:28:19,020
that worked. Yeah. It's

460
00:28:19,020 --> 00:28:21,260
interesting when you

461
00:28:21,260 --> 00:28:26,840
Thiel being CIA contractor, and

462
00:28:26,840 --> 00:28:30,260
of intelligence links and some

463
00:28:30,740 --> 00:28:34,040
So for example, you know, Mark

464
00:28:34,220 --> 00:28:37,040
something that will encompass

465
00:28:37,040 --> 00:28:40,600
in oh eight, and some of the

466
00:28:40,600 --> 00:28:43,540
been kind of surprising. So, you

467
00:28:43,540 --> 00:28:47,800
my work on Epstein a few years

468
00:28:47,800 --> 00:28:53,380
fact that he is essentially the

469
00:28:53,380 --> 00:28:57,520
pulled a bunch of money out, in

470
00:28:57,520 --> 00:29:01,560
out of one of Bear Stearns, like

471
00:29:01,560 --> 00:29:04,200
knowing that it would go over if

472
00:29:04,200 --> 00:29:07,500
course, he has intelligence

473
00:29:07,500 --> 00:29:11,220
thereafter, I found out that the

474
00:29:11,220 --> 00:29:14,580
Brothers at the time of the oh

475
00:29:14,580 --> 00:29:17,400
went under, had been a top

476
00:29:17,400 --> 00:29:21,140
year or two prior. Her name was

477
00:29:21,140 --> 00:29:24,320
she's like, one of the top

478
00:29:24,320 --> 00:29:28,580
Relations. So, you know, it kind

479
00:29:28,580 --> 00:29:32,840
one considers, sort of like the

480
00:29:32,840 --> 00:29:36,860
Wall Street and the intelligence

481
00:29:36,860 --> 00:29:41,320
If you know, maybe there's other

482
00:29:41,320 --> 00:29:46,060
ultimately are these bank

483
00:29:46,060 --> 00:29:48,280
like that, which is, ultimately,

484
00:29:48,280 --> 00:29:51,160
one of the main results of, oh

485
00:29:51,160 --> 00:29:54,700
exactly right, yeah. And then,

486
00:29:54,700 --> 00:29:57,400
crisis. So yeah. Do you have any

487
00:29:57,760 --> 00:30:00,360
Well, first of all, that's a

488
00:30:00,360 --> 00:30:03,960
crisis. Sure, the banks that

489
00:30:03,960 --> 00:30:07,980
were all top 50 banks in the US.

490
00:30:07,980 --> 00:30:12,840
banks. They all had $200 billion

491
00:30:12,840 --> 00:30:16,620
in the top 50, if not the top

492
00:30:16,620 --> 00:30:19,560
that was, that was that that's

493
00:30:19,560 --> 00:30:24,320
misnomer to get you off the cent

494
00:30:24,320 --> 00:30:27,380
takedown of those banks. And

495
00:30:27,380 --> 00:30:30,560
regional bank is a bank like it

496
00:30:30,560 --> 00:30:36,920
Sure. You know, Silicon Valley

497
00:30:36,920 --> 00:30:39,800
the connections to intelligence,

498
00:30:39,800 --> 00:30:43,540
interesting connections, both

499
00:30:43,540 --> 00:30:47,620
Lehman Brothers story there, and

500
00:30:47,620 --> 00:30:51,160
the record too. The Fed, they

501
00:30:51,160 --> 00:30:53,620
Brothers, but chose not to that

502
00:30:53,620 --> 00:30:57,040
grudge that Hank Paulson had

503
00:30:57,040 --> 00:31:01,260
well known that that was just a

504
00:31:01,260 --> 00:31:03,660
could have bailed that out that

505
00:31:03,660 --> 00:31:07,860
legal authority is absolutely

506
00:31:08,640 --> 00:31:12,780
significance of the intelligence

507
00:31:13,560 --> 00:31:17,160
the banking, the central bank in

508
00:31:17,700 --> 00:31:21,800
the central bank, modern central

509
00:31:21,800 --> 00:31:26,540
been top dog in every country

510
00:31:26,540 --> 00:31:32,420
that is that you know the money

511
00:31:32,720 --> 00:31:37,820
primal sovereign power, over and

512
00:31:38,060 --> 00:31:41,920
you need the money to prosecute

513
00:31:41,920 --> 00:31:45,220
happy, because a war is a big

514
00:31:45,220 --> 00:31:48,820
of money. It requires a lot more

515
00:31:48,820 --> 00:31:52,240
system. So the bankers are the

516
00:31:52,240 --> 00:31:55,000
researched Epstein, I've looked

517
00:31:55,000 --> 00:31:57,820
Epstein, how many central

518
00:31:57,820 --> 00:32:01,740
photographs of people around

519
00:32:02,760 --> 00:32:06,480
Because Jeffrey Epstein's, he's,

520
00:32:06,480 --> 00:32:10,200
blackmail operation. That's why,

521
00:32:10,200 --> 00:32:13,080
get involved with that guy. You

522
00:32:13,080 --> 00:32:17,940
see Larry Summers there. You see

523
00:32:17,940 --> 00:32:22,760
you see Tim Geithner there? Do

524
00:32:22,760 --> 00:32:27,200
Bill Dudley there, or Ben

525
00:32:27,200 --> 00:32:29,540
you don't see those guys.

526
00:32:29,540 --> 00:32:33,740
know better. They've been warded

527
00:32:33,740 --> 00:32:38,540
banks are the dog and everything

528
00:32:38,540 --> 00:32:41,680
central banks need policy

529
00:32:41,680 --> 00:32:44,980
the military, they'll go through

530
00:32:44,980 --> 00:32:47,920
they're the ones calling the

531
00:32:47,920 --> 00:32:51,880
that. I mean to me the

532
00:32:51,880 --> 00:32:55,180
this he might have been around

533
00:32:55,180 --> 00:33:00,480
Bear Stearns was, for sure a hit

534
00:33:00,480 --> 00:33:05,940
me, when I look at Epstein, i i

535
00:33:05,940 --> 00:33:08,280
happened, and we've already

536
00:33:08,280 --> 00:33:11,880
passage of TARP. Because on

537
00:33:11,880 --> 00:33:15,720
tarp passes, it fails, it gets

538
00:33:15,720 --> 00:33:20,360
then magically, 55 people change

539
00:33:20,360 --> 00:33:23,660
going for tarp to yes, we're all

540
00:33:23,660 --> 00:33:27,560
happen? Some people say,

541
00:33:28,040 --> 00:33:31,340
there was an auction hell, and

542
00:33:31,340 --> 00:33:35,180
that. I think that the gun was

543
00:33:35,480 --> 00:33:38,780
if you watch capitalism, A Love

544
00:33:38,780 --> 00:33:41,320
movie's not that good, but I'll

545
00:33:41,320 --> 00:33:44,500
its weight in gold because it's

546
00:33:44,500 --> 00:33:47,380
of Marcy Kaptur, who was there

547
00:33:47,380 --> 00:33:50,920
no both times. And Elijah

548
00:33:50,920 --> 00:33:54,280
voted no once, and then he voted

549
00:33:54,280 --> 00:33:56,980
him. He never. Michael Moore

550
00:33:56,980 --> 00:34:00,660
Elijah Cummings switches his no

551
00:34:00,660 --> 00:34:03,540
Cummings did that. And when

552
00:34:03,540 --> 00:34:05,880
said, you know, Michael Moore

553
00:34:05,880 --> 00:34:08,460
Why did you know what's what's

554
00:34:08,460 --> 00:34:11,880
Elijah Cummings just says,

555
00:34:11,880 --> 00:34:15,420
in this country. These people

556
00:34:15,420 --> 00:34:19,680
Kaptur herself said that bailout

557
00:34:19,680 --> 00:34:22,880
was, that was run from the

558
00:34:22,880 --> 00:34:26,600
intelligence operation, like the

559
00:34:26,600 --> 00:34:29,960
sniffing around Jeffrey Epstein,

560
00:34:29,960 --> 00:34:33,260
votes that got flipped, because

561
00:34:33,260 --> 00:34:37,880
just bought off. Some of them

562
00:34:37,880 --> 00:34:38,180
that.

563
00:34:38,480 --> 00:34:41,260
Well, as I recall, there's

564
00:34:41,260 --> 00:34:43,960
that said that Henry Paulson

565
00:34:43,960 --> 00:34:45,220
bailout wasn't passed,

566
00:34:45,699 --> 00:34:48,879
yeah, that was Brad Sherman.

567
00:34:49,000 --> 00:34:51,940
I think Cynthia McKinney

568
00:34:51,940 --> 00:34:53,260
Yeah, yeah, that's true,

569
00:34:53,320 --> 00:34:56,800
yeah, you're right. He did

570
00:34:56,800 --> 00:35:00,180
There was a lot of lies going on

571
00:35:00,180 --> 00:35:02,400
tanks in the street was one of

572
00:35:02,400 --> 00:35:04,980
there's a lot of the sky is

573
00:35:04,980 --> 00:35:07,620
think this, you know, that

574
00:35:07,620 --> 00:35:11,220
sort of, okay, well, that's sort

575
00:35:11,220 --> 00:35:14,760
But, you know, what's the why?

576
00:35:15,540 --> 00:35:19,080
You know, why would a top down,

577
00:35:19,080 --> 00:35:25,580
to, you know, to kill a bank or

578
00:35:25,580 --> 00:35:28,520
what? What sort of effects does

579
00:35:28,520 --> 00:35:32,840
supply, on the ability for the

580
00:35:32,840 --> 00:35:36,800
budget, you know? And then, how

581
00:35:36,800 --> 00:35:39,080
this? Because that's an

582
00:35:39,800 --> 00:35:42,820
the pandemic in 2020, is that a

583
00:35:42,820 --> 00:35:46,720
accounts are all being created

584
00:35:46,720 --> 00:35:50,740
moment, a zerp environment

585
00:35:50,740 --> 00:35:56,140
make slightly more sense outside

586
00:35:56,140 --> 00:35:59,020
to keep, you know, billions of

587
00:35:59,020 --> 00:36:01,620
can't really earn this, this

588
00:36:01,620 --> 00:36:05,460
time this, you know, regional

589
00:36:05,460 --> 00:36:09,300
happened. You know, the Fed is

590
00:36:09,300 --> 00:36:11,820
in the history of the United

591
00:36:11,820 --> 00:36:15,480
Volcker's. You know, double

592
00:36:15,480 --> 00:36:18,720
after the severance of the, you

593
00:36:18,720 --> 00:36:24,680
basically, in the 80s. So, so,

594
00:36:24,680 --> 00:36:27,980
you know, and I say we obviously

595
00:36:27,980 --> 00:36:31,700
the United States as an

596
00:36:31,700 --> 00:36:35,780
want to create these huge debt

597
00:36:35,780 --> 00:36:39,440
bail them out, basically, with,

598
00:36:39,440 --> 00:36:42,940
creation of new reserves? Is

599
00:36:42,940 --> 00:36:47,260
advantage to doing this? Is this

600
00:36:47,260 --> 00:36:50,860
we need to basically inflate

601
00:36:50,860 --> 00:36:54,220
any insight there as to why? You

602
00:36:54,220 --> 00:36:55,060
Why would we? I'll take

603
00:36:55,180 --> 00:36:57,580
because there's a few

604
00:36:57,580 --> 00:37:00,160
with the one I can't answer. I

605
00:37:01,360 --> 00:37:04,080
Why do you take out Silicon

606
00:37:04,080 --> 00:37:08,220
and a couple others? I don't

607
00:37:08,220 --> 00:37:11,580
example is one answer. You

608
00:37:11,580 --> 00:37:14,220
them even bigger. Now that's one

609
00:37:14,220 --> 00:37:17,400
effects of the financial crisis,

610
00:37:17,400 --> 00:37:20,640
the gun to the government's head

611
00:37:20,940 --> 00:37:23,720
we'll blow your brains out.

612
00:37:23,720 --> 00:37:26,840
have even more leverage. Now let

613
00:37:26,840 --> 00:37:31,520
those banks have that leverage

614
00:37:31,520 --> 00:37:35,300
the commercial banking supply,

615
00:37:35,300 --> 00:37:39,080
bank, let's just take JP Morgan

616
00:37:39,080 --> 00:37:43,840
ballpark $2 trillion in deposits

617
00:37:43,840 --> 00:37:46,300
money. If you erase that from

618
00:37:46,300 --> 00:37:50,680
problem on your hands. You You

619
00:37:50,680 --> 00:37:54,160
going to have money. You're you

620
00:37:54,160 --> 00:37:57,640
hours, the amount of time it's

621
00:37:57,640 --> 00:37:59,980
country to start burning down.

622
00:37:59,980 --> 00:38:03,480
banks had in 2008 you give us

623
00:38:03,480 --> 00:38:06,060
dollars, would burn your cities

624
00:38:06,060 --> 00:38:08,760
lose us. We have all that money,

625
00:38:08,760 --> 00:38:13,080
that, and they've gotten even

626
00:38:13,080 --> 00:38:15,720
Valley Bank and others going

627
00:38:15,960 --> 00:38:20,600
process of rolling, you know,

628
00:38:20,600 --> 00:38:24,200
banks and that that that is one

629
00:38:24,200 --> 00:38:27,740
find that answer altogether

630
00:38:27,740 --> 00:38:33,440
jury is still out on that. Why

631
00:38:34,340 --> 00:38:37,340
what you the question is, have

632
00:38:37,340 --> 00:38:39,680
and bigger like it is, and then

633
00:38:39,680 --> 00:38:43,180
that's been done for hundreds of

634
00:38:43,780 --> 00:38:47,800
is because money in in the

635
00:38:47,800 --> 00:38:51,760
world now, because money is

636
00:38:51,760 --> 00:38:57,160
loans, the money supply is at

637
00:38:57,160 --> 00:39:02,040
you never have enough money to

638
00:39:02,040 --> 00:39:06,720
leave the control over the money

639
00:39:06,720 --> 00:39:09,540
banks. And private banks have

640
00:39:09,540 --> 00:39:14,400
they create bubbles, and then

641
00:39:14,400 --> 00:39:16,980
Depression is probably the

642
00:39:16,980 --> 00:39:19,320
bubble, but they know what

643
00:39:19,320 --> 00:39:22,280
advance this is going to happen.

644
00:39:22,280 --> 00:39:25,400
are going to go down, and then

645
00:39:25,400 --> 00:39:29,540
the assets for pennies in the

646
00:39:29,600 --> 00:39:34,460
ancient formula. Okay, to me,

647
00:39:35,120 --> 00:39:38,660
why is what's going on now?

648
00:39:38,660 --> 00:39:42,100
is, you alluded to it earlier,

649
00:39:42,100 --> 00:39:45,400
US debt is becoming massive.

650
00:39:45,400 --> 00:39:49,840
now the the interest payment on

651
00:39:49,840 --> 00:39:54,700
military expenditures in the US

652
00:39:54,700 --> 00:39:58,540
Because everybody knows that

653
00:39:58,540 --> 00:40:00,840
exceeds your income, it's

654
00:40:00,840 --> 00:40:04,140
you issue the money or not. If

655
00:40:04,200 --> 00:40:07,200
than the amount of income you

656
00:40:07,200 --> 00:40:11,940
mathematically, you're gone. So

657
00:40:11,940 --> 00:40:16,020
think the answer to me is, and

658
00:40:16,020 --> 00:40:23,360
this is the US is being forced

659
00:40:23,360 --> 00:40:28,160
that crisis takes the form of a

660
00:40:28,280 --> 00:40:32,120
due to massive interest payments

661
00:40:32,120 --> 00:40:37,640
create money out of we create

662
00:40:37,640 --> 00:40:43,840
World War The US is being forced

663
00:40:43,900 --> 00:40:49,120
changes are going to be offered

664
00:40:49,120 --> 00:40:51,820
of the things you're seeing now

665
00:40:51,820 --> 00:40:55,900
all quarters on the US

666
00:40:55,900 --> 00:40:59,260
grave concern to me, because I

667
00:40:59,260 --> 00:41:05,340
fact is that despite all the Fed

668
00:41:05,340 --> 00:41:07,860
transparent central banks, and

669
00:41:07,860 --> 00:41:12,420
transparent central bank in the

670
00:41:12,420 --> 00:41:17,100
due to the Constitution. It's a

671
00:41:17,100 --> 00:41:21,260
Constitution, because the Fed is

672
00:41:21,260 --> 00:41:24,140
the Fed come into existence? It

673
00:41:24,140 --> 00:41:27,500
majority of the House and the

674
00:41:27,500 --> 00:41:31,880
in 2000 in 1913 and the

675
00:41:31,880 --> 00:41:35,120
on the ACT. It was created by a

676
00:41:35,660 --> 00:41:38,960
The Fed can be dispensed and

677
00:41:38,960 --> 00:41:41,680
as easily. Majority of the

678
00:41:41,680 --> 00:41:45,100
Secretary, President, and it is

679
00:41:45,100 --> 00:41:48,340
Congress. It's a creature of

680
00:41:48,340 --> 00:41:52,360
that reason, that constitutional

681
00:41:52,780 --> 00:41:55,600
into the Fed. I mean, name

682
00:41:55,600 --> 00:41:59,320
world that's lost FOIA lawsuits

683
00:41:59,320 --> 00:42:03,720
courts, I can't think of any.

684
00:42:03,720 --> 00:42:07,620
transparency into the Fed. Now,

685
00:42:08,040 --> 00:42:10,320
it's not like, you know, the

686
00:42:10,320 --> 00:42:14,580
Mr. Sunshine either. But there's

687
00:42:14,580 --> 00:42:17,340
than there isn't, to say, the

688
00:42:17,580 --> 00:42:23,000
where the Jesus over there, it's

689
00:42:23,000 --> 00:42:26,600
for people Members of Parliament

690
00:42:26,600 --> 00:42:29,420
central bank. I mean, it's an

691
00:42:29,420 --> 00:42:33,140
have no transparency. They have

692
00:42:33,320 --> 00:42:36,200
You know, the ECB issues these

693
00:42:36,200 --> 00:42:39,500
dogging pony shows. But they

694
00:42:39,500 --> 00:42:42,280
do it because they don't want to

695
00:42:42,280 --> 00:42:45,100
Okay, so the Fed is the most

696
00:42:45,100 --> 00:42:49,060
due to the US Constitution, and

697
00:42:49,060 --> 00:42:53,740
what the powers that be need out

698
00:42:53,740 --> 00:42:57,640
regime where, you know, force

699
00:42:57,640 --> 00:43:01,080
the Fed to have true

700
00:43:01,080 --> 00:43:04,440
Fed's independence now means

701
00:43:04,440 --> 00:43:07,800
branch. That's what independence

702
00:43:07,800 --> 00:43:11,460
legally in the US. That's not

703
00:43:11,460 --> 00:43:13,860
independence from the

704
00:43:13,860 --> 00:43:17,040
nation, independence from

705
00:43:17,040 --> 00:43:20,480
they're after. And I think these

706
00:43:20,480 --> 00:43:24,200
same direction, in the direction

707
00:43:24,200 --> 00:43:27,440
of emergency powers to to be

708
00:43:27,440 --> 00:43:31,220
Constitution for the very

709
00:43:31,280 --> 00:43:33,560
I mean, it's definitely

710
00:43:33,560 --> 00:43:37,760
attack on on the Constitution,

711
00:43:37,760 --> 00:43:40,900
know, the, you know, financial

712
00:43:40,900 --> 00:43:44,140
And as it relates to what may

713
00:43:44,140 --> 00:43:47,860
Valley Bank in particular, you

714
00:43:47,860 --> 00:43:50,440
working a lot on an

715
00:43:50,440 --> 00:43:53,860
Peter Thiel, pretty

716
00:43:53,860 --> 00:43:57,400
for a very long time, in

717
00:43:57,400 --> 00:44:03,900
CIA contractor, his you know,

718
00:44:03,900 --> 00:44:08,820
the past few decades has been

719
00:44:08,820 --> 00:44:13,800
changing how money is issued.

720
00:44:13,800 --> 00:44:17,460
when PayPal was first created,

721
00:44:17,460 --> 00:44:22,040
a broker of, like a new global

722
00:44:22,040 --> 00:44:24,860
So it may be related to sort of

723
00:44:24,860 --> 00:44:29,420
have come to the fore with the

724
00:44:29,420 --> 00:44:32,600
the potential of how that would

725
00:44:32,600 --> 00:44:36,860
is maintained in that sort of

726
00:44:36,860 --> 00:44:39,320
of just of, you know, banks

727
00:44:39,320 --> 00:44:42,100
of thin air, what about people

728
00:44:42,100 --> 00:44:44,560
example, a stable coin, or

729
00:44:44,560 --> 00:44:47,920
example, the biggest dollar

730
00:44:47,920 --> 00:44:52,900
to essentially create, you know,

731
00:44:52,900 --> 00:44:55,420
with really little transparency.

732
00:44:55,600 --> 00:45:00,240
Yeah, that's, um, that is

733
00:45:00,240 --> 00:45:03,240
excellent and interesting

734
00:45:03,240 --> 00:45:09,900
of that because, let me back up

735
00:45:10,140 --> 00:45:14,040
at the highest level is done by

736
00:45:14,040 --> 00:45:16,860
Banks. So the Bank of New York,

737
00:45:16,860 --> 00:45:20,360
Reserve Bank of Richmond, and so

738
00:45:20,360 --> 00:45:23,420
banks are private, okay? They're

739
00:45:23,420 --> 00:45:27,620
to be private, but they're part

740
00:45:28,040 --> 00:45:31,040
which is which is public. So

741
00:45:31,040 --> 00:45:36,140
transparency into, say, the New

742
00:45:36,140 --> 00:45:41,260
Bloomberg versus Pittman, and

743
00:45:41,260 --> 00:45:44,320
Bloomberg versus the Federal

744
00:45:44,320 --> 00:45:46,840
Federal Reserve, where there's

745
00:45:47,140 --> 00:45:51,100
even into the private Federal

746
00:45:51,100 --> 00:45:54,640
with the transparency that's

747
00:45:54,820 --> 00:45:59,380
Peter Thiel or Palantir, it's

748
00:45:59,380 --> 00:46:03,240
that's what federal the central

749
00:46:03,240 --> 00:46:07,140
saying what we really want is

750
00:46:07,140 --> 00:46:10,680
system. We don't want any

751
00:46:10,680 --> 00:46:13,440
think Whitney, when you're

752
00:46:13,440 --> 00:46:15,840
creation we already have, the

753
00:46:15,840 --> 00:46:18,420
this country, big time. Go look

754
00:46:18,420 --> 00:46:20,720
sheet. Last time I checked their

755
00:46:20,720 --> 00:46:23,360
half trillion dollars of it

756
00:46:23,360 --> 00:46:25,760
there's some measure of

757
00:46:25,760 --> 00:46:29,780
Constitution. However you you

758
00:46:29,780 --> 00:46:36,320
companies like Oracle and

759
00:46:36,320 --> 00:46:39,260
all these guys, they all got CIA

760
00:46:39,920 --> 00:46:41,260
Pretty much no, but Peter

761
00:46:41,260 --> 00:46:45,580
thiel's a libertarian. John,

762
00:46:45,580 --> 00:46:50,740
and contractor an FBI informant

763
00:46:50,740 --> 00:46:53,200
a billion dollars and be a

764
00:46:53,200 --> 00:46:56,620
Yeah, you're right, you're

765
00:46:56,620 --> 00:47:03,420
satisfied now. Yeah, that so,

766
00:47:03,480 --> 00:47:07,260
that's, that's speculation on

767
00:47:07,260 --> 00:47:10,860
issuance of money that that

768
00:47:10,980 --> 00:47:14,700
they're doing it with no

769
00:47:14,700 --> 00:47:20,300
FOIA that applies to Amazon, or

770
00:47:20,300 --> 00:47:23,540
any of those others is there?

771
00:47:23,540 --> 00:47:27,140
can't get, you can get into

772
00:47:27,140 --> 00:47:28,820
don't, they don't really tell

773
00:47:29,120 --> 00:47:31,580
right? And maybe there's a

774
00:47:31,580 --> 00:47:33,740
they're a publicly traded

775
00:47:33,740 --> 00:47:36,800
But a lot of this, right, you

776
00:47:36,800 --> 00:47:40,160
where I sort of, you know, this

777
00:47:40,160 --> 00:47:45,220
CBDCs, at least when it comes to

778
00:47:45,220 --> 00:47:48,880
a red herring of census, where,

779
00:47:48,880 --> 00:47:52,720
know, the US government really

780
00:47:52,720 --> 00:47:56,140
hassle of having a retail facing

781
00:47:56,140 --> 00:47:59,860
to keep this private, public

782
00:47:59,860 --> 00:48:02,040
entities, as we've kind of seen,

783
00:48:02,040 --> 00:48:05,220
really broke the bubble for a

784
00:48:05,220 --> 00:48:08,040
lot of her reporting on on some

785
00:48:08,280 --> 00:48:11,220
private companies that really

786
00:48:11,220 --> 00:48:13,620
know, like a Facebook or

787
00:48:13,620 --> 00:48:18,120
out of, you know, these CIA

788
00:48:18,360 --> 00:48:21,140
know, Oracle, as you mentioned

789
00:48:21,620 --> 00:48:24,740
came out of the CIA as Project

790
00:48:24,740 --> 00:48:26,960
really what, and now it's

791
00:48:26,960 --> 00:48:29,240
the world, you know, Fancy that.

792
00:48:29,240 --> 00:48:31,520
a lot of sense, but, but this

793
00:48:31,520 --> 00:48:33,800
the private sector, because we

794
00:48:33,800 --> 00:48:36,320
a lot more in the private

795
00:48:36,320 --> 00:48:39,560
access in the private sector,

796
00:48:39,560 --> 00:48:43,300
know, the Fed actually, you

797
00:48:43,300 --> 00:48:46,540
stuff as much as they've, you

798
00:48:47,140 --> 00:48:49,660
you know, financial terrorism,

799
00:48:49,660 --> 00:48:52,120
a lot of ways, with their

800
00:48:52,120 --> 00:48:55,060
yada yada. You know, they're

801
00:48:55,060 --> 00:48:58,720
You know, 12 nodes is actually

802
00:48:58,720 --> 00:49:03,300
versus a Wells Fargo dollar or

803
00:49:03,360 --> 00:49:07,620
I am curious, you know, in this,

804
00:49:07,620 --> 00:49:12,300
know, how do you look at the

805
00:49:12,300 --> 00:49:14,340
you know, not to lead the

806
00:49:14,340 --> 00:49:17,040
being more as like a reserve

807
00:49:17,040 --> 00:49:20,960
digitalization of the reserves

808
00:49:20,960 --> 00:49:23,780
what fed now is sort of this

809
00:49:23,780 --> 00:49:27,440
not a retail facing thing. Do

810
00:49:27,680 --> 00:49:31,340
in the banks, private entities

811
00:49:31,340 --> 00:49:35,600
programmable money? Or do you

812
00:49:35,600 --> 00:49:39,080
facing government issued

813
00:49:39,080 --> 00:49:39,440
soon?

814
00:49:40,880 --> 00:49:46,660
The feds. Let me back up.

815
00:49:46,660 --> 00:49:51,040
about cbdc and makes me think

816
00:49:51,040 --> 00:49:53,500
herring. I don't think it's a

817
00:49:53,500 --> 00:49:58,360
problems with it. The thing that

818
00:49:58,360 --> 00:50:02,460
is it was four years ago. This

819
00:50:02,460 --> 00:50:05,040
got up and follow the IMF the

820
00:50:05,040 --> 00:50:08,220
general manager of the Bank for

821
00:50:08,220 --> 00:50:11,580
is the Central bank of Central

822
00:50:11,580 --> 00:50:15,000
Switzerland, that there that

823
00:50:15,000 --> 00:50:18,600
not getting anything, any

824
00:50:18,600 --> 00:50:21,320
that they don't want you to

825
00:50:21,320 --> 00:50:24,800
October of 2020, and says, you

826
00:50:25,040 --> 00:50:29,480
bill, the great thing about cbdc

827
00:50:29,480 --> 00:50:33,260
1000 peso note, is, you know,

828
00:50:33,260 --> 00:50:35,900
what people are doing with the

829
00:50:35,900 --> 00:50:39,140
spending on whatever they want.

830
00:50:39,140 --> 00:50:42,640
and total control to enforce the

831
00:50:42,640 --> 00:50:46,000
enforce the rules, he loses his

832
00:50:46,000 --> 00:50:50,260
ago where he's touting the

833
00:50:50,260 --> 00:50:53,620
Four years a long time. And are

834
00:50:53,620 --> 00:50:57,760
a cbdc? What people forget is in

835
00:50:57,760 --> 00:51:01,320
IMF in october 2020, Jerome

836
00:51:01,320 --> 00:51:05,580
call too, and he said, Well, you

837
00:51:06,300 --> 00:51:08,520
you know, we've, we got a

838
00:51:08,520 --> 00:51:11,220
we've got, we've got to take

839
00:51:11,220 --> 00:51:14,400
And he said in another

840
00:51:14,400 --> 00:51:18,540
legislation from Congress.

841
00:51:18,540 --> 00:51:22,100
transparency, you know, monster

842
00:51:22,100 --> 00:51:24,620
view, they don't want that

843
00:51:24,620 --> 00:51:27,680
have it to get just to get the

844
00:51:27,680 --> 00:51:30,980
hard place. They want the cbdc,

845
00:51:30,980 --> 00:51:33,680
congressional record that

846
00:51:33,680 --> 00:51:36,680
bright light a day. So they're

847
00:51:36,680 --> 00:51:42,160
place. In the meantime, you have

848
00:51:42,160 --> 00:51:47,500
of pseudo money growing up from

849
00:51:47,500 --> 00:51:54,640
board with, you know, Bitcoin

850
00:51:54,640 --> 00:51:57,760
I wondered whether it's going to

851
00:51:57,760 --> 00:52:00,840
they're going to definitely

852
00:52:00,840 --> 00:52:03,960
out, is there? I you know, look,

853
00:52:03,960 --> 00:52:07,740
Everybody knows there's a crisis

854
00:52:08,100 --> 00:52:10,980
there could be a lot of people

855
00:52:10,980 --> 00:52:15,300
at that time, because these

856
00:52:15,300 --> 00:52:19,500
prototyped, you're going to see

857
00:52:19,500 --> 00:52:23,960
income and digital money coming

858
00:52:24,200 --> 00:52:27,920
from the Fed, whether it's

859
00:52:27,920 --> 00:52:32,420
else, I think you'll see it

860
00:52:32,420 --> 00:52:36,320
their toe into that water and

861
00:52:36,320 --> 00:52:39,140
of do what they've done with the

862
00:52:39,140 --> 00:52:42,520
financial crisis kind of crushed

863
00:52:42,520 --> 00:52:46,060
the bottom rungs of society in

864
00:52:46,060 --> 00:52:50,140
it's steadily turned its way

865
00:52:50,140 --> 00:52:56,500
the same thing with cbdc. It'll

866
00:52:56,740 --> 00:52:59,620
that's sold. They're already

867
00:52:59,620 --> 00:53:02,700
inclusion that we're helping

868
00:53:02,700 --> 00:53:05,220
they don't even have a bank

869
00:53:05,220 --> 00:53:06,240
try to sell it. That same

870
00:53:06,240 --> 00:53:08,280
selling point of like,

871
00:53:08,280 --> 00:53:11,640
that is actually pretty

872
00:53:11,640 --> 00:53:14,820
coins, yeah. And what's

873
00:53:14,820 --> 00:53:18,780
getting around what you referred

874
00:53:18,780 --> 00:53:21,980
fantasizing about total control,

875
00:53:21,980 --> 00:53:25,700
have this problem in the US

876
00:53:25,880 --> 00:53:28,160
you know, the kind of approach

877
00:53:28,160 --> 00:53:30,560
very similar to how they got

878
00:53:30,560 --> 00:53:33,140
protections that would have

879
00:53:33,140 --> 00:53:37,400
Americans after 911 where they

880
00:53:37,400 --> 00:53:40,900
sector spy programs and there

881
00:53:40,900 --> 00:53:44,020
basically privatize those like,

882
00:53:44,020 --> 00:53:48,280
came out of, and Palantir also.

883
00:53:48,280 --> 00:53:51,280
private entities are

884
00:53:51,340 --> 00:53:54,580
and then selling it or sharing

885
00:53:54,580 --> 00:53:57,220
intelligence agencies and the

886
00:53:57,220 --> 00:54:01,620
let's take $1 stable coin like

887
00:54:01,620 --> 00:54:05,040
kind of data that would afford,

888
00:54:05,040 --> 00:54:09,840
hands, for example, total

889
00:54:09,840 --> 00:54:13,620
public, it looks like it's a

890
00:54:13,620 --> 00:54:17,460
know, public sector from the

891
00:54:17,460 --> 00:54:20,960
you know, tether has been very

892
00:54:20,960 --> 00:54:24,920
onboarded the FBI and the Secret

893
00:54:24,920 --> 00:54:28,220
willing to freeze anything that

894
00:54:28,220 --> 00:54:31,940
they'll seize and and freeze

895
00:54:31,940 --> 00:54:35,360
wallets whenever the US

896
00:54:35,360 --> 00:54:40,040
enjoys this sort of reputation

897
00:54:40,040 --> 00:54:42,880
Global South, that it's not the

898
00:54:43,060 --> 00:54:45,640
bank the unbanked, for people

899
00:54:45,640 --> 00:54:48,940
dollars in their home country,

900
00:54:48,940 --> 00:54:51,760
local currencies, like in

901
00:54:51,760 --> 00:54:54,700
becoming a very covid, a rather

902
00:54:54,700 --> 00:54:57,760
world, dollarize the world. And

903
00:54:57,760 --> 00:55:00,120
people that I know you're

904
00:55:00,120 --> 00:55:04,320
good friend Larry Summers has

905
00:55:04,320 --> 00:55:08,640
about that, I don't know. So it

906
00:55:08,640 --> 00:55:11,520
repeating that same play that

907
00:55:12,060 --> 00:55:14,940
with the whole US warrantless

908
00:55:14,940 --> 00:55:17,340
a public private partnership. It

909
00:55:17,340 --> 00:55:21,680
digital dollars that already

910
00:55:21,680 --> 00:55:24,980
well, and looking for this new

911
00:55:24,980 --> 00:55:29,600
regulation and stable Coin World

912
00:55:29,900 --> 00:55:33,020
sort of be the king of the

913
00:55:33,020 --> 00:55:35,360
that seem like they're going to

914
00:55:35,360 --> 00:55:39,560
cbdc equivalent of the US. And

915
00:55:39,560 --> 00:55:42,580
earlier this year at the Bitcoin

916
00:55:42,580 --> 00:55:46,900
embraced that, that vision, I

917
00:55:46,900 --> 00:55:50,800
going to bring in stable coins,

918
00:55:50,800 --> 00:55:53,560
transition team, Howard lutnic

919
00:55:53,560 --> 00:55:57,100
a major, I guess, Baron, you

920
00:55:57,100 --> 00:56:01,140
the treasury market. He's also

921
00:56:01,980 --> 00:56:05,760
treasuries, because there's a

922
00:56:05,760 --> 00:56:08,760
in the treasury market. So it

923
00:56:09,120 --> 00:56:10,800
it's it's shaping up. Well,

924
00:56:10,800 --> 00:56:13,620
that's where they need to

925
00:56:13,620 --> 00:56:16,140
treasuries, right? I mean,

926
00:56:16,140 --> 00:56:19,140
this is about, is financing that

927
00:56:19,140 --> 00:56:21,860
so eloquently earlier, about how

928
00:56:21,860 --> 00:56:26,360
that, that that fulcrum point

929
00:56:26,360 --> 00:56:29,900
payments are now worth more than

930
00:56:29,900 --> 00:56:32,600
country. Our interest payments

931
00:56:32,600 --> 00:56:36,920
pay to upkeep. You know, the the

932
00:56:36,920 --> 00:56:39,740
zombie company you would never

933
00:56:39,740 --> 00:56:43,660
right now. You take us out back

934
00:56:43,660 --> 00:56:47,260
to make the Treasury market, you

935
00:56:47,260 --> 00:56:48,760
you know, one of the fastest

936
00:56:48,760 --> 00:56:51,940
No, they actually, they

937
00:56:51,940 --> 00:56:55,000
they've already, yeah, they've

938
00:56:55,000 --> 00:56:59,200
Don't worry about that. What you

939
00:56:59,200 --> 00:57:04,560
got to read fed papers. I mean,

940
00:57:04,560 --> 00:57:09,120
the plan, which is the Fed is

941
00:57:09,120 --> 00:57:15,600
itself. Right now, under current

942
00:57:15,600 --> 00:57:19,560
changed the law, right? I mean,

943
00:57:19,560 --> 00:57:21,860
hey, wouldn't this be a great

944
00:57:21,860 --> 00:57:25,520
treasuries in that way, all

945
00:57:25,520 --> 00:57:29,120
No, I'm not, I'm not kidding.

946
00:57:29,120 --> 00:57:32,720
does buy the Treasury, the newly

947
00:57:32,720 --> 00:57:36,320
the Fed, by law, has a turnover,

948
00:57:36,320 --> 00:57:39,020
those interest payments just can

949
00:57:39,020 --> 00:57:44,200
government. Because Because the

950
00:57:44,200 --> 00:57:48,100
over 90% of its profit back to

951
00:57:48,100 --> 00:57:50,440
interest payments you got to

952
00:57:50,440 --> 00:57:53,260
to go to the Fed and then pass

953
00:57:53,260 --> 00:57:56,200
government. So didn't they read

954
00:57:56,200 --> 00:57:59,020
That's everything's hunky dory.

955
00:57:59,140 --> 00:58:01,920
I trust the plan. John, I

956
00:58:03,240 --> 00:58:06,840
that's very fascinating. I'm

957
00:58:06,840 --> 00:58:10,380
about this, this idea of, you

958
00:58:10,380 --> 00:58:14,220
dead and the Treasury market.

959
00:58:14,220 --> 00:58:18,120
I've kind of gotten into some

960
00:58:18,360 --> 00:58:21,920
economists about, kind of, the

961
00:58:21,920 --> 00:58:26,480
the idea of, you know, creating

962
00:58:26,480 --> 00:58:29,660
maybe this concept of the Euro

963
00:58:29,660 --> 00:58:32,360
liabilities for dollars. Then

964
00:58:32,360 --> 00:58:36,740
that those liabilities increase

965
00:58:36,740 --> 00:58:41,380
know, legitimate dollar assets.

966
00:58:41,380 --> 00:58:45,520
that is sort of economically

967
00:58:45,640 --> 00:58:49,540
spurring artificial demand for

968
00:58:49,540 --> 00:58:54,220
inflating through this de facto

969
00:58:54,220 --> 00:58:59,680
Bretton Woods scenario. Or is it

970
00:58:59,680 --> 00:59:02,400
Treasury is the most liquid

971
00:59:02,400 --> 00:59:05,700
Dollar is just the best money.

972
00:59:05,700 --> 00:59:10,140
political, military play or just

973
00:59:10,560 --> 00:59:11,220
winning? Well,

974
00:59:11,640 --> 00:59:15,000
I don't they're not mutually

975
00:59:15,000 --> 00:59:20,780
going on. I mean, right now, US,

976
00:59:20,780 --> 00:59:25,640
the world, or US denominated US

977
00:59:25,640 --> 00:59:29,720
assets account for something

978
00:59:29,720 --> 00:59:33,260
in the world, and a lot of that

979
00:59:33,260 --> 00:59:36,740
considered the most it is the

980
00:59:36,740 --> 00:59:39,860
in the world, because a lot of

981
00:59:39,860 --> 00:59:43,180
don't want to keep it the money

982
00:59:43,240 --> 00:59:46,900
to treasuries and get an

983
00:59:46,900 --> 00:59:50,380
Greenspan testified in early

984
00:59:50,380 --> 00:59:55,300
the debt because so many people

985
00:59:55,300 --> 00:59:58,540
but they you can't pay them

986
00:59:58,540 --> 01:00:02,400
precious treasuries. You. He

987
01:00:02,400 --> 01:00:04,920
of it, but another part of it is

988
01:00:04,920 --> 01:00:08,220
the petro dollar. I found out

989
01:00:08,220 --> 01:00:11,460
Austin, Austin Fitz this week,

990
01:00:11,460 --> 01:00:17,700
show that Iraqi oil has the

991
01:00:17,820 --> 01:00:24,560
deposited directly in to the New

992
01:00:24,620 --> 01:00:27,620
like, well, I didn't know about

993
01:00:27,620 --> 01:00:30,560
it happened as a result of the

994
01:00:30,560 --> 01:00:34,340
was an article in the cradle or

995
01:00:35,000 --> 01:00:38,300
There was an executive order

996
01:00:38,300 --> 01:00:42,280
signed by every presidential

997
01:00:42,280 --> 01:00:46,720
that time that says, Yeah, we

998
01:00:46,720 --> 01:00:49,900
country that we destroyed, and

999
01:00:49,900 --> 01:00:52,360
is to take care of ourselves.

1000
01:00:52,780 --> 01:00:57,580
into the New York Fed. Yeah. So

1001
01:00:57,580 --> 01:01:03,300
bankers will do everything in

1002
01:01:03,300 --> 01:01:08,160
extend their control over the

1003
01:01:08,160 --> 01:01:11,460
for sure, is a big part of that.

1004
01:01:11,460 --> 01:01:14,700
interesting bringing up

1005
01:01:14,700 --> 01:01:18,180
2000 they Iraq came out and said

1006
01:01:19,140 --> 01:01:22,280
oil and euros and then money.

1007
01:01:22,280 --> 01:01:24,980
And was like, Look what you

1008
01:01:24,980 --> 01:01:25,760
nations, could

1009
01:01:25,760 --> 01:01:28,820
do. And then, and then what

1010
01:01:28,820 --> 01:01:31,280
happened. The next couple of

1011
01:01:31,280 --> 01:01:35,720
door and enrolled in, yeah,

1012
01:01:35,720 --> 01:01:39,980
central bank warfare model

1013
01:01:39,980 --> 01:01:42,820
ginning up a lot of debt is a

1014
01:01:42,820 --> 01:01:45,880
really good thing, because not

1015
01:01:45,880 --> 01:01:49,480
of debt, you get to go overseas

1016
01:01:49,480 --> 01:01:52,840
too. It's not wonderful. And at

1017
01:01:52,840 --> 01:01:55,420
to make that interesting, why

1018
01:01:55,420 --> 01:01:58,180
of things called taxes? Yeah,

1019
01:01:58,180 --> 01:02:02,700
1694 when the Bank of England. I

1020
01:02:02,700 --> 01:02:03,540
William Paterson.

1021
01:02:05,040 --> 01:02:09,540
But it's just such a, I

1022
01:02:11,340 --> 01:02:14,400
changed, yeah. Patterson

1023
01:02:14,400 --> 01:02:18,720
system. This is Patterson the

1024
01:02:18,720 --> 01:02:22,160
great system, because we could,

1025
01:02:22,160 --> 01:02:25,040
thin air and get interest on our

1026
01:02:27,320 --> 01:02:29,300
I mean, I hate laughing

1027
01:02:29,300 --> 01:02:32,900
criminal and terrible, but it's

1028
01:02:32,900 --> 01:02:35,300
blatant, and now at this point

1029
01:02:35,300 --> 01:02:38,900
criminals are running all the

1030
01:02:38,900 --> 01:02:42,640
everything in public sector

1031
01:02:42,640 --> 01:02:45,040
I mean, it's just, you know,

1032
01:02:45,040 --> 01:02:48,880
just so beyond brazen, I guess.

1033
01:02:48,880 --> 01:02:52,300
I'm kind of reassured to now it

1034
01:02:52,360 --> 01:02:56,620
criminals, and not just like,

1035
01:02:56,620 --> 01:02:59,800
of nice to know, in a weird way,

1036
01:02:59,800 --> 01:02:59,980
know,

1037
01:03:00,040 --> 01:03:04,380
right? No, no. There was no

1038
01:03:04,380 --> 01:03:07,020
was baked into the cake hundreds

1039
01:03:07,260 --> 01:03:09,660
It is really interesting

1040
01:03:09,660 --> 01:03:13,200
know, the get again again.

1041
01:03:13,320 --> 01:03:16,380
pretty, pretty nicely here, that

1042
01:03:16,380 --> 01:03:20,600
is kind of innately this

1043
01:03:20,600 --> 01:03:23,540
then you look at like the Trump

1044
01:03:23,540 --> 01:03:26,000
coming in. We know, we talked

1045
01:03:26,000 --> 01:03:29,780
he's kind of the, the main

1046
01:03:29,780 --> 01:03:33,620
kind of the first go around. And

1047
01:03:33,620 --> 01:03:36,380
useful for my thesis, or our

1048
01:03:36,380 --> 01:03:39,920
know, one of the critical you

1049
01:03:39,920 --> 01:03:43,060
really, really shaped the Trump

1050
01:03:43,060 --> 01:03:47,020
in. He recommends Powell, you

1051
01:03:47,020 --> 01:03:50,560
these things, you know, Mnuchin

1052
01:03:51,220 --> 01:03:53,740
also former Goldman Sachs,

1053
01:03:53,740 --> 01:03:54,820
mentioned earlier, and

1054
01:03:55,180 --> 01:04:00,600
Bannon. Steve Bannon, under,

1055
01:04:00,600 --> 01:04:03,360
know, you start to see, you

1056
01:04:03,360 --> 01:04:07,980
this, you know, corruption,

1057
01:04:07,980 --> 01:04:11,280
the regulators, jumping back and

1058
01:04:11,280 --> 01:04:13,500
know, they're leading the

1059
01:04:13,500 --> 01:04:17,220
minute, they're, you know, the

1060
01:04:17,220 --> 01:04:22,220
Rubens case, or whatever. So,

1061
01:04:22,220 --> 01:04:25,460
big thing that a lot of people

1062
01:04:25,460 --> 01:04:28,580
we're getting ready for election

1063
01:04:28,580 --> 01:04:30,680
really, you know, kind of

1064
01:04:30,680 --> 01:04:35,120
there's this amnesia, for

1065
01:04:36,020 --> 01:04:39,680
in the in the fiscal stimulus,

1066
01:04:40,160 --> 01:04:44,020
in The in the bringing in of

1067
01:04:44,020 --> 01:04:48,340
basically rewrite, you know, the

1068
01:04:48,340 --> 01:04:51,760
capital creation. Why do you why

1069
01:04:51,760 --> 01:04:55,060
keep happening right over

1070
01:04:55,060 --> 01:04:59,680
oh, eight is during this

1071
01:04:59,680 --> 01:05:03,540
know, why? Is, why is covid

1072
01:05:03,540 --> 01:05:08,820
it sort of this obfuscation of

1073
01:05:08,820 --> 01:05:12,180
coincidence? Obviously, that's a

1074
01:05:12,180 --> 01:05:15,000
know it's not a coincidence.

1075
01:05:15,000 --> 01:05:20,040
but that's a great point. Is,

1076
01:05:20,040 --> 01:05:23,780
get to a flash point, not not

1077
01:05:23,960 --> 01:05:27,500
you know, presidential election

1078
01:05:27,500 --> 01:05:33,680
on OA, because I know the OA

1079
01:05:33,680 --> 01:05:39,200
that's when you can make deals.

1080
01:05:39,200 --> 01:05:43,840
point of view, was a deal. He,

1081
01:05:43,840 --> 01:05:47,020
there, and the people in his

1082
01:05:47,020 --> 01:05:48,640
part of a deal. Well, what's

1083
01:05:48,640 --> 01:05:51,520
interesting about Obama is

1084
01:05:51,520 --> 01:05:54,340
family from Chicago called the

1085
01:05:54,340 --> 01:05:59,680
people at JP, Morgan, yes, was

1086
01:05:59,680 --> 01:06:02,580
crown, I think in that

1087
01:06:02,580 --> 01:06:06,240
rise in Obama's time at Chicago.

1088
01:06:06,240 --> 01:06:09,660
out, once Obama was like, Oh,

1089
01:06:09,660 --> 01:06:14,760
cabinet was pretty much chosen

1090
01:06:14,760 --> 01:06:18,240
treasury secretary. So it seems

1091
01:06:18,240 --> 01:06:21,560
sort of deal made. Well,

1092
01:06:21,560 --> 01:06:26,180
the Treasury Secretary, Tim

1093
01:06:26,180 --> 01:06:30,020
remind you, was, he'd been the

1094
01:06:30,020 --> 01:06:33,260
Geithner ran that

1095
01:06:33,260 --> 01:06:37,880
dog in that administration.

1096
01:06:38,360 --> 01:06:38,720
and

1097
01:06:39,740 --> 01:06:43,360
and I believe summers, that

1098
01:06:43,360 --> 01:06:47,920
Summers was also an advisor to

1099
01:06:47,920 --> 01:06:51,520
critical, critical in the

1100
01:06:51,520 --> 01:06:56,260
market, which kind of, you know,

1101
01:06:56,260 --> 01:07:00,460
extremely critical in the, you

1102
01:07:00,520 --> 01:07:03,000
you know, we talked earlier

1103
01:07:03,300 --> 01:07:05,820
crisis, being this misnomer,

1104
01:07:05,820 --> 01:07:08,460
regional banks anymore. Well,

1105
01:07:08,460 --> 01:07:11,760
anymore? Because they got rid of

1106
01:07:11,760 --> 01:07:15,000
be within, you know, in other

1107
01:07:15,000 --> 01:07:17,640
Glass Steagall. So, you know, we

1108
01:07:17,640 --> 01:07:21,560
think the deal making thing is,

1109
01:07:21,560 --> 01:07:24,080
great answer to a very

1110
01:07:24,080 --> 01:07:28,040
say, so as we're, as we're

1111
01:07:28,040 --> 01:07:31,760
chairing Trump's transition

1112
01:07:31,760 --> 01:07:37,160
ready for this, you know, again,

1113
01:07:37,160 --> 01:07:39,860
crisis, that that is controlled

1114
01:07:39,860 --> 01:07:43,360
controlled demolitions. You

1115
01:07:43,420 --> 01:07:47,440
What? What should our listeners

1116
01:07:47,440 --> 01:07:51,280
for? You know, what's what? What

1117
01:07:51,280 --> 01:07:54,760
we're kind of going into this,

1118
01:07:54,760 --> 01:08:00,160
period, that is, you know, the

1119
01:08:00,160 --> 01:08:02,580
would you recommend people do? I

1120
01:08:02,580 --> 01:08:06,300
tell people to invest in

1121
01:08:06,300 --> 01:08:09,240
that can't be taken away from

1122
01:08:10,080 --> 01:08:12,540
because the rest of it could be

1123
01:08:12,540 --> 01:08:16,140
of law. The bets all bets are

1124
01:08:16,140 --> 01:08:19,560
mean, there's been no rule of

1125
01:08:19,560 --> 01:08:23,300
time, since 2012 when the

1126
01:08:23,300 --> 01:08:26,300
it's flat out, says some banks

1127
01:08:26,300 --> 01:08:30,260
prosecute them, too big to jail.

1128
01:08:30,260 --> 01:08:33,860
means there's no rule of law

1129
01:08:33,860 --> 01:08:37,100
theft of your assets, the

1130
01:08:37,460 --> 01:08:41,560
that's all out the window. So

1131
01:08:41,560 --> 01:08:44,140
taken from you with your

1132
01:08:44,140 --> 01:08:47,980
thing is, at the same time, you

1133
01:08:47,980 --> 01:08:50,200
at the door, because it's not

1134
01:08:50,200 --> 01:08:52,540
not going to inform your

1135
01:08:52,540 --> 01:08:55,540
more time you spend on partisan

1136
01:08:55,540 --> 01:08:58,480
inform your view of how the

1137
01:08:58,480 --> 01:09:01,860
wasted those partisan politics

1138
01:09:01,860 --> 01:09:05,400
parking lot in Alaska when it

1139
01:09:05,460 --> 01:09:08,880
how the system works, you need

1140
01:09:08,880 --> 01:09:11,880
you do that, though, you got to

1141
01:09:11,880 --> 01:09:15,540
politicians, because they will

1142
01:09:15,540 --> 01:09:18,660
will respond the outrage. There

1143
01:09:18,660 --> 01:09:22,460
global financial crisis, after

1144
01:09:22,460 --> 01:09:27,740
angry about tarpassing and so

1145
01:09:27,740 --> 01:09:31,820
calls against it, the calls

1146
01:09:32,000 --> 01:09:35,240
ran over 100 to one. This is

1147
01:09:35,240 --> 01:09:40,300
testimony. 101 is a massive

1148
01:09:40,720 --> 01:09:44,560
buckled again and again and

1149
01:09:44,560 --> 01:09:49,480
Congress had angry people behind

1150
01:09:49,480 --> 01:09:53,380
death. That's what they don't

1151
01:09:54,460 --> 01:09:57,160
Yeah, beautiful. It's

1152
01:09:57,160 --> 01:10:00,060
specifically we talked about

1153
01:10:00,060 --> 01:10:02,760
reactionary or a deal. But, I

1154
01:10:02,760 --> 01:10:06,960
that, that discord, you know,

1155
01:10:06,960 --> 01:10:10,620
was 18 years old, you know, but

1156
01:10:10,620 --> 01:10:14,340
Was kind of the beginning of

1157
01:10:14,340 --> 01:10:18,960
seeing the way that that was

1158
01:10:18,960 --> 01:10:21,440
you know, now we go, oh, it's

1159
01:10:21,440 --> 01:10:24,920
and change. Here comes Obama.

1160
01:10:24,920 --> 01:10:29,780
than Bush and print more money,

1161
01:10:29,780 --> 01:10:32,060
thing, but, but hey, but he got

1162
01:10:32,060 --> 01:10:35,420
got it, but he got a Nobel Peace

1163
01:10:35,420 --> 01:10:38,600
it doesn't really mean anything,

1164
01:10:38,600 --> 01:10:42,280
not have a Nobel Peace Prize at

1165
01:10:42,280 --> 01:10:46,180
this unbelievable co option, you

1166
01:10:46,180 --> 01:10:49,240
very interesting, you know,

1167
01:10:49,240 --> 01:10:52,780
dialectics. And I think we're

1168
01:10:52,780 --> 01:10:55,360
there's this whole counter

1169
01:10:55,360 --> 01:10:58,600
that have now just, you know,

1170
01:10:58,600 --> 01:11:03,300
being, you know, covid

1171
01:11:03,300 --> 01:11:07,740
to many degrees. And now they're

1172
01:11:07,740 --> 01:11:13,080
to Biden's inflation, and, you

1173
01:11:13,080 --> 01:11:16,380
whatever, is Trump. And so

1174
01:11:16,440 --> 01:11:20,120
this false dichotomy, you know,

1175
01:11:20,000 --> 01:11:22,850
because, I mean, it's fair

1176
01:11:22,850 --> 01:11:24,890
out, John with with going

1177
01:11:24,890 --> 01:11:28,700
Blackrock brokered plan,

1178
01:11:28,700 --> 01:11:32,330
downturn, and now we're facing

1179
01:11:32,330 --> 01:11:36,170
had the Trump administration,

1180
01:11:36,170 --> 01:11:39,740
Powell, you know, implement a

1181
01:11:39,740 --> 01:11:44,300
Biden administration's econ team

1182
01:11:44,330 --> 01:11:48,350
run by Blackrock people. And I

1183
01:11:48,350 --> 01:11:51,710
her campaign, is one of those

1184
01:11:51,710 --> 01:11:56,540
Biden administration and now

1185
01:11:56,600 --> 01:11:59,750
You know, it seems kind of

1186
01:11:59,750 --> 01:12:04,250
Blackrock is going to get called

1187
01:12:04,250 --> 01:12:08,270
of scheme as it relates to how

1188
01:12:08,270 --> 01:12:11,810
should respond. But there seems

1189
01:12:11,810 --> 01:12:15,050
amnesia or just like no interest

1190
01:12:15,050 --> 01:12:18,470
like a bipartisan theft, and I

1191
01:12:18,470 --> 01:12:22,580
when you look at, oh, wait, how

1192
01:12:22,580 --> 01:12:27,770
as cover for what happened with

1193
01:12:27,770 --> 01:12:30,260
really successful, because

1194
01:12:30,260 --> 01:12:34,040
out, right? Because so many of

1195
01:12:34,040 --> 01:12:37,700
of the major aspects of covid

1196
01:12:37,700 --> 01:12:41,180
or no evidence, right? And then

1197
01:12:41,180 --> 01:12:44,540
can't really talk about the

1198
01:12:44,540 --> 01:12:49,460
of undermining a lot of the

1199
01:12:49,460 --> 01:12:52,940
to promote, like him being anti

1200
01:12:52,970 --> 01:12:53,510
So,

1201
01:12:54,340 --> 01:12:56,800
um, no, those, those are,

1202
01:12:56,800 --> 01:13:01,500
are did. In other words, the

1203
01:13:01,500 --> 01:13:05,580
not to be underestimated for the

1204
01:13:05,580 --> 01:13:09,120
them, right? So that's why I

1205
01:13:09,120 --> 01:13:12,180
partisan politics and try to get

1206
01:13:12,180 --> 01:13:14,940
on, that's that's the that's

1207
01:13:14,940 --> 01:13:17,460
time and effort, barking at

1208
01:13:17,460 --> 01:13:19,980
people do that. It's like you're

1209
01:13:19,980 --> 01:13:22,580
going to die in front of your TV

1210
01:13:22,580 --> 01:13:23,540
die. Stop doing it.

1211
01:13:24,440 --> 01:13:26,300
Yeah, it's really

1212
01:13:26,900 --> 01:13:31,940
this book that's The Best Way to

1213
01:13:31,940 --> 01:13:35,000
sort of talking about the SNL.

1214
01:13:35,000 --> 01:13:38,300
the SNL crisis. And they talk

1215
01:13:38,300 --> 01:13:42,400
pushing this, you know, this

1216
01:13:42,400 --> 01:13:46,060
freeing the markets, and how

1217
01:13:46,060 --> 01:13:49,600
the way. And at the same time,

1218
01:13:49,600 --> 01:13:53,680
let this crisis be known, this

1219
01:13:53,680 --> 01:13:56,620
we're saying doesn't exist in

1220
01:13:56,680 --> 01:14:00,880
Please don't, you know, say that

1221
01:14:00,880 --> 01:14:03,540
it, and please don't tell anyone

1222
01:14:03,540 --> 01:14:07,200
would be this big about face of

1223
01:14:07,200 --> 01:14:11,820
ran on, you know, this

1224
01:14:11,820 --> 01:14:16,440
here, and we have this huge, you

1225
01:14:16,440 --> 01:14:20,120
insurance, you know, group that

1226
01:14:20,120 --> 01:14:24,320
backing, you know, the savings

1227
01:14:25,520 --> 01:14:28,880
you know, insolvent. But we

1228
01:14:28,880 --> 01:14:30,920
there's a really interesting

1229
01:14:30,920 --> 01:14:36,140
economics, this deregulation, to

1230
01:14:36,140 --> 01:14:40,420
biggest sort of, you know,

1231
01:14:40,420 --> 01:14:44,920
of misdirection and of rhetoric.

1232
01:14:44,980 --> 01:14:49,180
you know, in in during his

1233
01:14:49,180 --> 01:14:53,920
Bitcoin is, is, you know, kind

1234
01:14:54,040 --> 01:14:58,540
the dollars, that is the king.

1235
01:14:58,540 --> 01:15:01,080
you know, Bitcoin is a bunch of

1236
01:15:01,080 --> 01:15:04,140
bunch of hot air, but, but what

1237
01:15:04,140 --> 01:15:09,540
having Mnuchin come in. Mnuchin

1238
01:15:09,540 --> 01:15:13,320
is a former VP and executive at

1239
01:15:13,440 --> 01:15:16,800
exchange in the United States.

1240
01:15:16,800 --> 01:15:20,360
acting, you know, the head of

1241
01:15:20,840 --> 01:15:25,760
you know, I guess, kind of head,

1242
01:15:26,180 --> 01:15:30,320
for, for the financial markets,

1243
01:15:30,800 --> 01:15:33,860
the oldest banking regular

1244
01:15:33,860 --> 01:15:34,280
yes, and

1245
01:15:34,280 --> 01:15:37,880
so, so he's a former one

1246
01:15:37,880 --> 01:15:40,660
he comes in, and he basically

1247
01:15:40,660 --> 01:15:44,080
banks can hold crypto assets,

1248
01:15:44,200 --> 01:15:47,020
So he comes in and does this all

1249
01:15:47,020 --> 01:15:51,040
tweeting out, you know, things

1250
01:15:51,040 --> 01:15:55,600
bringing in and establishing,

1251
01:15:55,660 --> 01:15:59,080
allow banks to hold these

1252
01:15:59,080 --> 01:16:02,640
know, Trump's former money

1253
01:16:02,640 --> 01:16:06,180
Blackrock ETF, which is the

1254
01:16:06,240 --> 01:16:08,940
There's a Trump family now

1255
01:16:08,940 --> 01:16:10,620
with the Trump family. Yeah,

1256
01:16:10,680 --> 01:16:13,320
that's another interesting

1257
01:16:13,320 --> 01:16:16,260
two months away from the

1258
01:16:16,260 --> 01:16:19,080
announces, you could ignore the

1259
01:16:19,080 --> 01:16:21,620
he's issuing his own currency.

1260
01:16:21,620 --> 01:16:25,700
conversation, this teal, this

1261
01:16:25,700 --> 01:16:29,420
capital creation. You know, How

1262
01:16:29,420 --> 01:16:32,060
candidate, you know, two months

1263
01:16:32,060 --> 01:16:34,760
announcing that he's issuing his

1264
01:16:34,760 --> 01:16:39,320
in this, we're in this strange,

1265
01:16:39,320 --> 01:16:44,800
basically the Blackrock ETF is

1266
01:16:44,800 --> 01:16:48,880
extreme degree, a 22 billion

1267
01:16:48,880 --> 01:16:51,760
candidate who kind of set up all

1268
01:16:51,760 --> 01:16:54,520
administration is coming out

1269
01:16:54,700 --> 01:16:59,020
the $35 trillion debt using

1270
01:16:59,140 --> 01:17:03,060
they're going to dollarize the

1271
01:17:03,060 --> 01:17:04,800
these private bank digital cars.

1272
01:17:04,800 --> 01:17:07,200
doesn't understand debt.

1273
01:17:07,200 --> 01:17:09,540
understand what he's thought. He

1274
01:17:09,540 --> 01:17:10,680
about. Well, don't understand

1275
01:17:10,980 --> 01:17:13,740
Ben, yeah. Well, he's also a

1276
01:17:13,740 --> 01:17:16,320
perhaps misdirection, but

1277
01:17:16,320 --> 01:17:17,940
understanding debt? In this

1278
01:17:18,900 --> 01:17:21,560
what do you use to pay off

1279
01:17:21,560 --> 01:17:24,620
pay off debt unless the unless

1280
01:17:24,860 --> 01:17:29,000
is money. Right? You can't pay

1281
01:17:29,000 --> 01:17:31,040
creditor agrees. Why would they

1282
01:17:31,160 --> 01:17:34,700
Right? Well, I guess perhaps

1283
01:17:34,700 --> 01:17:37,940
could do it is maybe sort of

1284
01:17:37,940 --> 01:17:41,020
dollar system, where they they

1285
01:17:41,020 --> 01:17:46,420
demand for treasuries and for

1286
01:17:46,420 --> 01:17:51,160
and out monopoly on the on the

1287
01:17:51,760 --> 01:17:54,340
using stable coins or something

1288
01:17:54,340 --> 01:17:56,560
the sense of, you know, of

1289
01:17:56,560 --> 01:17:59,740
can't pay dollar denominated

1290
01:17:59,740 --> 01:18:03,180
dollars unless, yeah, you agree

1291
01:18:03,480 --> 01:18:06,780
yeah, without concern. I

1292
01:18:06,780 --> 01:18:09,780
to Whitney's point of the

1293
01:18:09,780 --> 01:18:11,940
Because if you look at it,

1294
01:18:11,940 --> 01:18:15,120
money in the system. The money

1295
01:18:15,240 --> 01:18:18,960
what, what legally, is money in

1296
01:18:18,960 --> 01:18:23,120
Reserve notes, and it's coins.

1297
01:18:23,120 --> 01:18:26,480
than that, when banks create

1298
01:18:26,480 --> 01:18:30,500
credit your deposit account with

1299
01:18:30,500 --> 01:18:34,880
Deposit Account, that's not

1300
01:18:34,880 --> 01:18:37,280
That's why you're an unsecured

1301
01:18:37,280 --> 01:18:39,800
it's not money, right? If

1302
01:18:39,800 --> 01:18:42,580
your hands. You'd own it, and

1303
01:18:42,580 --> 01:18:45,280
Counterparty, but you don't own

1304
01:18:45,280 --> 01:18:48,700
insurance on it in case the bank

1305
01:18:48,700 --> 01:18:52,480
bye. Real Money doesn't do that.

1306
01:18:53,140 --> 01:18:58,540
isn't truly money. It's credit,

1307
01:18:58,540 --> 01:19:01,680
so it's like, well, as long as

1308
01:19:01,680 --> 01:19:04,920
letting private parties create

1309
01:19:04,920 --> 01:19:08,880
air, why not take it out a level

1310
01:19:08,880 --> 01:19:12,060
too? Right? So I think that

1311
01:19:12,060 --> 01:19:16,800
thinking along the lines of this

1312
01:19:17,280 --> 01:19:20,900
more and more privatization of

1313
01:19:20,900 --> 01:19:24,380
unregulated parties creating,

1314
01:19:24,380 --> 01:19:27,200
gotten away from money, right?

1315
01:19:27,200 --> 01:19:30,500
the regulation to begin with, is

1316
01:19:30,500 --> 01:19:33,440
you know, the right to coin

1317
01:19:33,440 --> 01:19:36,020
the constitutions. Congress has

1318
01:19:36,020 --> 01:19:39,680
regulate the value thereof. Um,

1319
01:19:39,680 --> 01:19:41,620
sovereign privilege, and

1320
01:19:41,620 --> 01:19:45,940
sovereign privilege, back to

1321
01:19:46,180 --> 01:19:48,880
as long as you let private banks

1322
01:19:48,880 --> 01:19:51,520
regulate them, because you've

1323
01:19:51,520 --> 01:19:55,540
delegated out, you farmed out a

1324
01:19:55,540 --> 01:19:59,500
to keep your eye on them. But if

1325
01:19:59,560 --> 01:20:02,340
and far. Of a way, you've got a

1326
01:20:02,460 --> 01:20:06,000
because you have no more

1327
01:20:06,000 --> 01:20:09,840
into that system. That's a

1328
01:20:09,840 --> 01:20:12,060
about that too. You guys raised

1329
01:20:12,060 --> 01:20:14,340
it's interesting. You know,

1330
01:20:14,340 --> 01:20:16,980
investigative series, and one of

1331
01:20:16,980 --> 01:20:21,920
on is Facebook's Libra project,

1332
01:20:22,160 --> 01:20:25,700
Metaverse Plaza Accord where,

1333
01:20:25,700 --> 01:20:28,400
to do this basket of currency

1334
01:20:28,400 --> 01:20:31,940
obviously would have just sort

1335
01:20:31,940 --> 01:20:34,460
And the interesting thing about

1336
01:20:34,460 --> 01:20:38,660
been around for about a decade.

1337
01:20:38,660 --> 01:20:41,380
know, Facebook came up with this

1338
01:20:41,380 --> 01:20:44,320
didn't really care about Bitcoin

1339
01:20:44,320 --> 01:20:46,960
kind of can't be a payment

1340
01:20:46,960 --> 01:20:50,140
billion people, 4 billion

1341
01:20:50,560 --> 01:20:53,380
billion active users in a month.

1342
01:20:53,380 --> 01:20:56,140
Facebook announces they want to

1343
01:20:56,140 --> 01:20:58,960
make private currency. You know,

1344
01:20:58,960 --> 01:21:01,740
testify in front of Congress.

1345
01:21:01,740 --> 01:21:05,220
this is, is the US intelligence

1346
01:21:05,220 --> 01:21:08,820
pretending to feign, oh no, this

1347
01:21:08,820 --> 01:21:12,480
obviously, I think it really

1348
01:21:12,480 --> 01:21:16,620
payments, and, you know, you

1349
01:21:16,620 --> 01:21:19,680
know, you know, what Bitcoin

1350
01:21:19,680 --> 01:21:23,540
fascinating. But to your point,

1351
01:21:23,540 --> 01:21:27,680
are forgetting what money really

1352
01:21:27,680 --> 01:21:31,580
into the cbdc play really

1353
01:21:31,580 --> 01:21:36,380
government is creating a

1354
01:21:36,380 --> 01:21:40,220
account, it relies on a

1355
01:21:40,220 --> 01:21:44,680
party. It's basically a checking

1356
01:21:44,680 --> 01:21:50,140
settle, you know, a cbdc between

1357
01:21:50,140 --> 01:21:54,760
trusted, a trusted settlement

1358
01:21:54,760 --> 01:21:58,120
zero works. That's not how base

1359
01:21:58,120 --> 01:22:02,400
note doesn't rely on that. A

1360
01:22:02,400 --> 01:22:07,020
on it's a liquid, exchangeable,

1361
01:22:07,020 --> 01:22:09,780
correct, but, but a checkings

1362
01:22:09,780 --> 01:22:13,260
go up the chain to m2 or, or

1363
01:22:13,260 --> 01:22:18,000
innately trust in the system.

1364
01:22:18,000 --> 01:22:21,080
of is, you know, can a

1365
01:22:21,080 --> 01:22:23,060
digital form? Is that even

1366
01:22:26,060 --> 01:22:30,860
I think so. But I wouldn't

1367
01:22:30,860 --> 01:22:33,020
could, in other words, the

1368
01:22:33,020 --> 01:22:36,800
system now is really silver

1369
01:22:36,800 --> 01:22:40,040
there's no counterparty at all.

1370
01:22:40,040 --> 01:22:44,620
a quarter. It's worth 25 cents.

1371
01:22:45,700 --> 01:22:49,660
bill is a little bit different,

1372
01:22:50,080 --> 01:22:53,680
however, when it's created,

1373
01:22:53,680 --> 01:22:58,480
not by the Treasury, there's a

1374
01:22:58,480 --> 01:23:01,740
yeah, it's money, but it's, it's

1375
01:23:01,740 --> 01:23:07,260
came money, a debt. Debt came

1376
01:23:07,260 --> 01:23:09,660
either case you don't, there's

1377
01:23:10,020 --> 01:23:14,160
Settlement is only involved when

1378
01:23:14,160 --> 01:23:16,860
bank credit. In other words,

1379
01:23:16,860 --> 01:23:21,140
an IOU from the bank to you.

1380
01:23:21,140 --> 01:23:24,140
you? Well, one of two things,

1381
01:23:24,140 --> 01:23:27,320
Reserve notes if you demand

1382
01:23:27,320 --> 01:23:30,680
called a demand deposit account.

1383
01:23:31,340 --> 01:23:35,960
to another bank, it owes the

1384
01:23:36,140 --> 01:23:39,680
for that transfer. But that then

1385
01:23:39,680 --> 01:23:43,780
into the note. The issue of

1386
01:23:43,780 --> 01:23:47,740
not really money. And thus,

1387
01:23:47,740 --> 01:23:52,180
necessarily have two parties

1388
01:23:52,180 --> 01:23:56,860
somewhere in the chain

1389
01:23:56,860 --> 01:24:00,460
Can it? Can have currents? Can a

1390
01:24:00,880 --> 01:24:01,860
digital money?

1391
01:24:03,360 --> 01:24:04,080
Um,

1392
01:24:05,460 --> 01:24:08,820
yeah, I think it could. But

1393
01:24:08,820 --> 01:24:12,720
settlement of that, you still

1394
01:24:13,440 --> 01:24:17,160
and record keeping. So I'd have

1395
01:24:17,160 --> 01:24:21,020
don't know the answer to that

1396
01:24:21,020 --> 01:24:24,260
don't think they will, though,

1397
01:24:24,260 --> 01:24:28,880
system is such an inherent

1398
01:24:28,880 --> 01:24:32,540
to issue the quote, unquote

1399
01:24:32,540 --> 01:24:36,620
instantaneous advantage over

1400
01:24:37,100 --> 01:24:40,760
if you can issue money, why work

1401
01:24:40,760 --> 01:24:44,260
Just gin the money up out of

1402
01:24:44,860 --> 01:24:48,580
with your liabilities of your

1403
01:24:48,580 --> 01:24:51,340
asset side of your balance

1404
01:24:51,640 --> 01:24:55,900
We're done. That's why it's set

1405
01:24:55,900 --> 01:24:58,300
people who issue the debt, to

1406
01:24:58,300 --> 01:25:01,260
system if you're just issuing

1407
01:25:01,260 --> 01:25:04,620
corresponding asset. You just

1408
01:25:04,620 --> 01:25:07,920
out there. Historically, money

1409
01:25:08,340 --> 01:25:10,740
were put out there. They're, you

1410
01:25:10,740 --> 01:25:15,420
existence, and they're accepted

1411
01:25:15,420 --> 01:25:19,260
payment of taxes and duties and

1412
01:25:19,260 --> 01:25:23,240
it's done. But when you issue

1413
01:25:23,240 --> 01:25:25,340
you getting in return? You're

1414
01:25:25,340 --> 01:25:29,240
getting services of soldiers,

1415
01:25:29,480 --> 01:25:33,380
Yeah. Whereas a debt based

1416
01:25:33,380 --> 01:25:36,620
issued, you know, the money is

1417
01:25:36,620 --> 01:25:40,420
lot of times those assets are

1418
01:25:40,420 --> 01:25:46,300
a lot of times there's other

1419
01:25:46,300 --> 01:25:51,400
don't, I don't know. I have a

1420
01:25:51,400 --> 01:25:54,580
people who run this system are

1421
01:25:54,580 --> 01:25:59,620
debt based monetary system

1422
01:25:59,620 --> 01:26:02,820
of a pure money system, because

1423
01:26:02,820 --> 01:26:06,180
offer them any inherent

1424
01:26:06,960 --> 01:26:10,140
You gotta remember the people

1425
01:26:10,140 --> 01:26:14,100
that the people running the

1426
01:26:14,100 --> 01:26:18,840
and need the advantage of an

1427
01:26:18,840 --> 01:26:23,060
field, and that tilt is provided

1428
01:26:23,060 --> 01:26:26,480
the issuance of debt based

1429
01:26:26,480 --> 01:26:29,540
advantage, and I don't see them

1430
01:26:30,020 --> 01:26:33,560
So I wanted to return to a

1431
01:26:33,560 --> 01:26:37,400
Trump or some other president,

1432
01:26:38,240 --> 01:26:41,500
Bitcoin to pay off the US

1433
01:26:41,500 --> 01:26:43,840
Mark and I had sort of

1434
01:26:43,840 --> 01:26:46,420
possible, since, you know, the

1435
01:26:46,420 --> 01:26:49,240
defines Bitcoin as a commodity,

1436
01:26:49,240 --> 01:26:52,780
cryptocurrencies that it defines

1437
01:26:52,780 --> 01:26:55,120
these actors we've been talking

1438
01:26:55,120 --> 01:26:57,760
podcast have a very well

1439
01:26:57,760 --> 01:27:00,360
manipulating the price of

1440
01:27:00,360 --> 01:27:04,680
would happen, for example, if at

1441
01:27:05,160 --> 01:27:08,640
dollar debt crisis will be, and

1442
01:27:08,640 --> 01:27:13,260
happen if they manipulated the

1443
01:27:13,260 --> 01:27:18,060
levels that it would enable them

1444
01:27:18,060 --> 01:27:22,940
whatever, dollars, since bitcoin

1445
01:27:23,300 --> 01:27:27,140
You've got to you know that

1446
01:27:27,200 --> 01:27:30,200
counterparties. You know,

1447
01:27:30,200 --> 01:27:34,220
people in the US who hold

1448
01:27:34,220 --> 01:27:37,700
some of that money. Banks hold a

1449
01:27:37,700 --> 01:27:39,920
those counterparties. You know,

1450
01:27:40,100 --> 01:27:43,300
trillion a day, you have to have

1451
01:27:43,480 --> 01:27:46,660
of consent to agree to take

1452
01:27:46,660 --> 01:27:51,400
that anytime soon, and not

1453
01:27:51,400 --> 01:27:55,000
it's going to take to do that,

1454
01:27:55,000 --> 01:27:57,280
very interesting. I think

1455
01:27:57,280 --> 01:27:59,680
them doing it, I agree. And I

1456
01:27:59,680 --> 01:28:02,160
phenomenal point. I mean, you

1457
01:28:02,160 --> 01:28:07,320
our biggest editors or

1458
01:28:07,320 --> 01:28:09,720
people, you know, sort of de

1459
01:28:09,720 --> 01:28:12,420
dollarization in general is,

1460
01:28:12,480 --> 01:28:15,720
misdirectional red herring. I

1461
01:28:15,720 --> 01:28:22,400
rapidly dollarizing. I think the

1462
01:28:22,400 --> 01:28:27,500
from sovereign central banks and

1463
01:28:27,980 --> 01:28:30,800
in the Global South, if you

1464
01:28:30,800 --> 01:28:35,420
to dollars. But I think the way

1465
01:28:35,840 --> 01:28:39,740
is through sort of capital

1466
01:28:39,740 --> 01:28:44,680
basically manufacture consent by

1467
01:28:44,680 --> 01:28:47,740
say, Hey, you want to hold, hey,

1468
01:28:48,100 --> 01:28:52,000
Bitcoin on your balance sheet?

1469
01:28:52,000 --> 01:28:55,540
it's a liability. You need to

1470
01:28:55,540 --> 01:29:01,500
more dollar denominated assets

1471
01:29:01,500 --> 01:29:04,860
through capital requirements,

1472
01:29:04,860 --> 01:29:08,580
just, you know, general, the the

1473
01:29:08,580 --> 01:29:12,780
right now, you know, we can

1474
01:29:12,780 --> 01:29:17,580
firms that want to hold massive

1475
01:29:17,580 --> 01:29:21,740
in equal part dollars. And so I

1476
01:29:21,740 --> 01:29:25,100
lever that consent and I agree,

1477
01:29:26,060 --> 01:29:31,040
Japan or China, you know, to

1478
01:29:31,040 --> 01:29:35,720
bitcoin, but, but there's a

1479
01:29:36,260 --> 01:29:40,520
you know, a Tesla Palantir, a

1480
01:29:40,520 --> 01:29:43,420
These groups that have worked

1481
01:29:43,420 --> 01:29:45,820
are very likely connected, or

1482
01:29:45,820 --> 01:29:48,520
intelligence state, and most of

1483
01:29:48,580 --> 01:29:52,120
right located in the US, or like

1484
01:29:52,120 --> 01:29:56,500
know, $22 billion of Bitcoin

1485
01:29:56,500 --> 01:29:59,920
is sort of a setup here where

1486
01:30:00,000 --> 01:30:06,240
Manufacture that consent through

1487
01:30:06,240 --> 01:30:07,680
What do you think about that?

1488
01:30:07,680 --> 01:30:11,100
they can. They can provide

1489
01:30:11,100 --> 01:30:15,000
be clear, regardless of whether

1490
01:30:15,000 --> 01:30:18,840
would be held on the asset side

1491
01:30:18,840 --> 01:30:21,680
mean this, that's not who

1492
01:30:21,680 --> 01:30:24,140
anybody except the issuer? But

1493
01:30:24,140 --> 01:30:25,940
right? It's just out there.

1494
01:30:27,200 --> 01:30:31,820
Well, currently the the way

1495
01:30:32,000 --> 01:30:36,320
there they they actually got it

1496
01:30:36,320 --> 01:30:43,300
to change the denomination of

1497
01:30:43,300 --> 01:30:47,320
asset, but it actually is

1498
01:30:47,320 --> 01:30:50,260
companies that want to hold

1499
01:30:50,620 --> 01:30:54,760
tether guy, Chair of Trump's

1500
01:30:54,760 --> 01:30:58,300
Fitzgerald, one of those 25 you

1501
01:30:58,300 --> 01:31:00,720
participants with the New York

1502
01:31:00,720 --> 01:31:03,240
let me ask you this, if it's

1503
01:31:03,240 --> 01:31:06,240
hold it? Why would anybody spend

1504
01:31:06,240 --> 01:31:08,400
liability? Well, they have

1505
01:31:08,400 --> 01:31:10,620
dollars, which is super

1506
01:31:10,620 --> 01:31:14,820
theoretically they could sell it

1507
01:31:14,820 --> 01:31:18,000
value. You know, someone like

1508
01:31:18,060 --> 01:31:19,920
the fact that they could

1509
01:31:19,920 --> 01:31:23,780
liability, don't it's kind of

1510
01:31:23,780 --> 01:31:26,480
to sell my electric bill. Nobody

1511
01:31:27,740 --> 01:31:30,320
great point. Well, I It's,

1512
01:31:30,320 --> 01:31:34,940
antiquated, I mean, again,

1513
01:31:34,940 --> 01:31:38,600
pushing to change this. But it

1514
01:31:39,020 --> 01:31:42,760
and Biden vetoed it. So there's

1515
01:31:42,760 --> 01:31:47,620
the accounting rules. But you

1516
01:31:47,620 --> 01:31:51,640
if they allow any sort of

1517
01:31:51,640 --> 01:31:56,740
to to become money, right? So,

1518
01:31:56,740 --> 01:32:01,320
it as as a liability. Yeah, I

1519
01:32:01,320 --> 01:32:04,380
because he had, you know,

1520
01:32:04,380 --> 01:32:06,900
where he was saying, hey, you

1521
01:32:06,900 --> 01:32:10,560
tethers treasuries, you know,

1522
01:32:10,620 --> 01:32:14,040
you know, I think at one point,

1523
01:32:14,040 --> 01:32:17,340
all volume in the treasury

1524
01:32:17,340 --> 01:32:20,400
25 authorized participants in

1525
01:32:21,060 --> 01:32:25,100
primary dealer, yeah, excuse me.

1526
01:32:25,100 --> 01:32:27,440
hey, banks don't want to touch

1527
01:32:27,440 --> 01:32:31,160
antiquated accounting rules.

1528
01:32:31,160 --> 01:32:34,460
got to Biden's desk. He vetoed

1529
01:32:34,460 --> 01:32:37,220
hold, you know, this ridiculous

1530
01:32:37,220 --> 01:32:39,620
hold Bitcoin. So no bank is

1531
01:32:39,620 --> 01:32:43,060
need to fix it. So, you know,

1532
01:32:43,120 --> 01:32:46,780
of Trump's transition team.

1533
01:32:46,780 --> 01:32:50,620
moving heavily into Bitcoin. The

1534
01:32:50,620 --> 01:32:55,000
know, were a huge part of the

1535
01:32:55,000 --> 01:32:59,320
administration were part of the

1536
01:32:59,320 --> 01:33:03,600
capital. You know, they've,

1537
01:33:03,600 --> 01:33:07,140
creating sort of a US dollar

1538
01:33:07,140 --> 01:33:11,640
of infamous email from Jared to

1539
01:33:11,640 --> 01:33:15,420
post, who's, you know, another T

1540
01:33:15,420 --> 01:33:18,540
the concept of a US dollar

1541
01:33:18,540 --> 01:33:23,480
be helpful for for us hedgeman.

1542
01:33:23,480 --> 01:33:27,500
movement here, of, I would say

1543
01:33:27,500 --> 01:33:32,780
essentially a new, you know,

1544
01:33:32,780 --> 01:33:37,100
going into this, the issuance of

1545
01:33:37,100 --> 01:33:40,780
know, we're seeing PayPal move

1546
01:33:40,780 --> 01:33:44,620
know, we're seeing more and more

1547
01:33:44,620 --> 01:33:47,620
are these huge infrastructure

1548
01:33:47,800 --> 01:33:51,040
pivoting from going, you know,

1549
01:33:51,100 --> 01:33:54,100
suddenly for it. Trump is now

1550
01:33:54,340 --> 01:33:57,640
Bitcoin the crypto capital of

1551
01:33:57,640 --> 01:34:00,300
which I think is an important

1552
01:34:00,300 --> 01:34:04,500
the dominance, not, let's go get

1553
01:34:04,500 --> 01:34:08,400
dominate this, this system

1554
01:34:08,400 --> 01:34:10,980
we've, we've clearly talked

1555
01:34:10,980 --> 01:34:14,400
private, public thing. Money has

1556
01:34:14,400 --> 01:34:18,720
time, but now we're moving in

1557
01:34:18,720 --> 01:34:23,600
issuers of crypto assets, of

1558
01:34:23,600 --> 01:34:28,760
see, you know, basically this,

1559
01:34:28,760 --> 01:34:32,120
online, through covid, through

1560
01:34:32,540 --> 01:34:36,140
Now, now we're here. The Public

1561
01:34:36,140 --> 01:34:37,940
monetary network, essentially,

1562
01:34:38,240 --> 01:34:40,840
yeah, with wanting to make

1563
01:34:40,840 --> 01:34:43,420
Financial system, as Musk has

1564
01:34:43,420 --> 01:34:47,920
some sort of commission under

1565
01:34:48,520 --> 01:34:51,520
greater government efficient

1566
01:34:51,520 --> 01:34:51,880
Thanks,

1567
01:34:52,000 --> 01:34:53,740
yeah, so, I guess, yeah.

1568
01:34:54,940 --> 01:34:59,920
How many? How many can can

1569
01:35:00,000 --> 01:35:02,880
Crypto has assets on their

1570
01:35:03,480 --> 01:35:09,120
One Bank. There, there. One

1571
01:35:09,660 --> 01:35:13,920
the day before Brian books

1572
01:35:13,920 --> 01:35:17,940
Acting Comptroller of the

1573
01:35:18,000 --> 01:35:21,320
charter to a to a crypto Bank,

1574
01:35:22,220 --> 01:35:25,940
which is now running the reward

1575
01:35:25,940 --> 01:35:31,220
PayPal, stable coin. And then

1576
01:35:31,220 --> 01:35:34,880
believe he left. And so they

1577
01:35:34,880 --> 01:35:38,480
crypto native charter. And then,

1578
01:35:38,480 --> 01:35:44,560
was last week. They they made an

1579
01:35:44,560 --> 01:35:50,980
Board. I think it's 121 that

1580
01:35:50,980 --> 01:35:54,040
able to custody, which is, you

1581
01:35:54,040 --> 01:35:59,740
basically to to allow them to

1582
01:35:59,740 --> 01:36:00,600
have the dollar

1583
01:36:01,980 --> 01:36:04,440
custody. Custody is a

1584
01:36:04,440 --> 01:36:08,760
means that they keep it in a

1585
01:36:08,760 --> 01:36:11,820
after. What I'm after is, are

1586
01:36:11,820 --> 01:36:12,600
in the US now, 4500

1587
01:36:13,380 --> 01:36:15,060
something like, roughly,

1588
01:36:15,840 --> 01:36:20,400
How many of the 4500 banks

1589
01:36:20,400 --> 01:36:22,820
balance sheets? Not in not in

1590
01:36:22,820 --> 01:36:25,700
balance sheet, that's in

1591
01:36:25,700 --> 01:36:26,480
your balance sheet?

1592
01:36:26,660 --> 01:36:31,340
I think, literally, just

1593
01:36:31,340 --> 01:36:35,660
Mellon is able to, but I don't

1594
01:36:35,900 --> 01:36:39,620
So, so yeah, I think you're

1595
01:36:39,620 --> 01:36:43,420
not a direct whole Bank of

1596
01:36:43,960 --> 01:36:47,860
Bitcoin on their balance sheet

1597
01:36:47,860 --> 01:36:50,380
system is not really ready for

1598
01:36:50,380 --> 01:36:54,100
switch to happen. They're sort

1599
01:36:54,100 --> 01:36:57,400
their sort of King made

1600
01:36:57,400 --> 01:37:00,180
Anchorage digital to be, you

1601
01:37:00,180 --> 01:37:04,680
know, it's advised by PayPal

1602
01:37:04,680 --> 01:37:08,400
you know, kind of connected to

1603
01:37:08,400 --> 01:37:11,640
they're letting BNY Mellon kind

1604
01:37:11,640 --> 01:37:14,640
sort of unleash this, this wave.

1605
01:37:14,640 --> 01:37:18,120
doing it selectively. But it

1606
01:37:18,120 --> 01:37:21,800
when a JP Morgan, which, again,

1607
01:37:21,800 --> 01:37:24,980
and JP Morgan were doing this,

1608
01:37:24,980 --> 01:37:28,220
settlement network with

1609
01:37:28,220 --> 01:37:31,400
They were playing with these

1610
01:37:31,400 --> 01:37:35,900
shortly. And I think, you know,

1611
01:37:35,900 --> 01:37:40,040
will be incredibly important for

1612
01:37:40,040 --> 01:37:41,320
they kind of already did.

1613
01:37:42,580 --> 01:37:46,420
He says, who's the biggest

1614
01:37:46,420 --> 01:37:47,860
US, the

1615
01:37:47,860 --> 01:37:50,320
biggest issuer? Well,

1616
01:37:50,320 --> 01:37:54,640
largest, and it is, you know,

1617
01:37:54,760 --> 01:37:57,100
let's, let's leave Bitcoin

1618
01:37:57,100 --> 01:37:57,700
bit different.

1619
01:37:57,940 --> 01:38:01,440
So the second largest, you

1620
01:38:01,440 --> 01:38:04,980
Ethereum. And the interesting

1621
01:38:04,980 --> 01:38:09,960
it's, it's sort of been

1622
01:38:09,960 --> 01:38:13,020
now there's kind of more, you

1623
01:38:13,020 --> 01:38:16,680
system of stable coins than

1624
01:38:16,680 --> 01:38:20,780
underlying like ether token. So

1625
01:38:20,780 --> 01:38:23,960
And that's a trend that we're

1626
01:38:23,960 --> 01:38:27,200
new private issued blockchains,

1627
01:38:27,500 --> 01:38:30,860
dollarized, you know, methods

1628
01:38:30,860 --> 01:38:34,520
What does that mean? Dollarized?

1629
01:38:35,660 --> 01:38:38,660
you know that their main, the

1630
01:38:38,660 --> 01:38:40,720
because these are just

1631
01:38:40,720 --> 01:38:43,240
ledgers, right? They're really a

1632
01:38:43,300 --> 01:38:47,620
It's basically just, you know,

1633
01:38:47,620 --> 01:38:53,380
can log in and, you know, make

1634
01:38:53,380 --> 01:38:56,560
They can publish new states, but

1635
01:38:56,560 --> 01:39:01,620
mutable ledger. So the ledger is

1636
01:39:01,620 --> 01:39:04,800
dis volatility of dollar

1637
01:39:04,800 --> 01:39:06,000
parties. Does that make sense?

1638
01:39:07,020 --> 01:39:10,260
I don't track that. No, I

1639
01:39:10,260 --> 01:39:14,880
Well, what I'm after is who is,

1640
01:39:14,880 --> 01:39:18,480
toward a system where you're

1641
01:39:18,540 --> 01:39:23,660
tokens as money because you want

1642
01:39:23,660 --> 01:39:27,920
privatizing what is ultimately a

1643
01:39:28,760 --> 01:39:31,160
let's say this is done through

1644
01:39:31,160 --> 01:39:36,080
executive branch have total

1645
01:39:36,080 --> 01:39:37,940
issuing the token?

1646
01:39:39,140 --> 01:39:42,880
Well, that's sort of where,

1647
01:39:42,880 --> 01:39:47,740
tethers of the world, which, you

1648
01:39:48,640 --> 01:39:53,680
you know, dollar you know,

1649
01:39:53,680 --> 01:39:56,440
having to work with law

1650
01:39:56,440 --> 01:40:02,220
Service, with the FBI. They have

1651
01:40:02,220 --> 01:40:05,040
know, because they're, they're

1652
01:40:05,040 --> 01:40:07,680
theoretically, you know, could

1653
01:40:07,740 --> 01:40:08,940
finance terrorism,

1654
01:40:09,300 --> 01:40:11,580
yeah, but that's because

1655
01:40:11,580 --> 01:40:13,140
agreeing to that, right? Well,

1656
01:40:13,140 --> 01:40:16,020
because if they want to hold

1657
01:40:16,320 --> 01:40:19,740
innately, they have to have sort

1658
01:40:19,740 --> 01:40:23,180
is the US regulatory regime to

1659
01:40:24,200 --> 01:40:26,720
then the answer is, yes,

1660
01:40:27,440 --> 01:40:30,200
yeah, because they need it,

1661
01:40:30,200 --> 01:40:32,600
And that's where I think

1662
01:40:32,600 --> 01:40:36,800
funny. It's like, Oh, wow. The

1663
01:40:37,160 --> 01:40:42,820
is a re creation of the private,

1664
01:40:42,880 --> 01:40:47,440
Great. So glad we did that. It's

1665
01:40:47,440 --> 01:40:49,120
sort of where we're going. Well,

1666
01:40:49,120 --> 01:40:51,880
I think that's going to be

1667
01:40:51,880 --> 01:40:55,240
is a lot of what you and Mark

1668
01:40:55,240 --> 01:40:57,760
it hinges on, like what might

1669
01:40:57,760 --> 01:41:00,280
forward. And I think it's going

1670
01:41:00,280 --> 01:41:04,920
the timing of that regulation in

1671
01:41:05,160 --> 01:41:07,620
that's essentially been

1672
01:41:07,680 --> 01:41:10,380
politicians, like, for example,

1673
01:41:10,380 --> 01:41:12,960
Paul Ryan, basically told The

1674
01:41:12,960 --> 01:41:15,960
some other prominent outlet,

1675
01:41:16,380 --> 01:41:18,840
within the next, like, three

1676
01:41:18,840 --> 01:41:21,380
that. And obviously they have

1677
01:41:21,380 --> 01:41:25,880
frame to either make it longer

1678
01:41:25,880 --> 01:41:29,540
depending on what kind of

1679
01:41:29,540 --> 01:41:32,660
for example, if they think they

1680
01:41:32,660 --> 01:41:35,960
regulate the regulation they

1681
01:41:35,960 --> 01:41:38,840
there isn't a crisis, they will

1682
01:41:38,840 --> 01:41:42,760
they want would not be passable

1683
01:41:42,760 --> 01:41:45,280
during a major crisis, where

1684
01:41:45,280 --> 01:41:48,280
window and people are like, What

1685
01:41:48,280 --> 01:41:50,980
something like that? I think we

1686
01:41:51,880 --> 01:41:55,360
potential regulations come

1687
01:41:55,360 --> 01:41:58,600
maybe far out, you know, now, at

1688
01:41:58,600 --> 01:42:02,460
sort of further, you know, the

1689
01:42:02,460 --> 01:42:06,360
is going to, you know, go along

1690
01:42:06,360 --> 01:42:09,780
centralized control for these

1691
01:42:09,780 --> 01:42:13,020
surveillance for the little

1692
01:42:13,020 --> 01:42:15,420
things that are sort of assured,

1693
01:42:15,420 --> 01:42:19,500
think you know the timing of the

1694
01:42:19,500 --> 01:42:22,760
important, as you know, in terms

1695
01:42:22,760 --> 01:42:26,720
Bitcoin, and as you know, Trump

1696
01:42:26,720 --> 01:42:29,840
he might be able to pay off the

1697
01:42:29,840 --> 01:42:34,820
it might relate a lot to the

1698
01:42:34,820 --> 01:42:38,060
that either come before that

1699
01:42:38,060 --> 01:42:41,800
makes itself known. Because when

1700
01:42:41,800 --> 01:42:44,140
crisis in the guns to people's

1701
01:42:44,140 --> 01:42:46,540
earlier in Oh, wait, you can get

1702
01:42:46,840 --> 01:42:50,500
would not get passed in another

1703
01:42:50,500 --> 01:42:54,220
that is very true. Keep in

1704
01:42:54,220 --> 01:42:58,780
people issuing credit or money

1705
01:42:58,780 --> 01:43:04,200
want is a system where two

1706
01:43:04,200 --> 01:43:09,540
have total control over the

1707
01:43:09,540 --> 01:43:14,940
over the system on the one hand,

1708
01:43:15,420 --> 01:43:21,680
there's no transparency and no

1709
01:43:21,680 --> 01:43:25,460
parties even external to

1710
01:43:25,460 --> 01:43:30,020
able to sit in a lockbox and

1711
01:43:30,020 --> 01:43:35,000
control everything outside, and

1712
01:43:35,000 --> 01:43:38,180
control anything inside. The

1713
01:43:38,180 --> 01:43:41,500
about regulation and stuff like

1714
01:43:41,500 --> 01:43:46,660
describing does not exist now

1715
01:43:46,660 --> 01:43:50,860
principles, due to elections and

1716
01:43:50,860 --> 01:43:54,100
those lines. Once they have that

1717
01:43:54,100 --> 01:43:56,740
about, they don't need your

1718
01:43:56,740 --> 01:43:58,900
about a scenario? And I

1719
01:43:58,900 --> 01:44:02,460
Catherine Austin Fitz, because

1720
01:44:02,460 --> 01:44:05,640
the fastab 56 that accounting

1721
01:44:05,640 --> 01:44:09,000
essentially, the government can

1722
01:44:09,000 --> 01:44:14,340
statements publicly and keep the

1723
01:44:14,340 --> 01:44:17,040
if, for example, they come in

1724
01:44:17,040 --> 01:44:20,040
transparency in the next

1725
01:44:20,040 --> 01:44:23,600
this fielded by RFK JR and some

1726
01:44:23,600 --> 01:44:26,480
suppose, that have been, you

1727
01:44:26,480 --> 01:44:29,600
know, spoken at Bitcoin and

1728
01:44:29,600 --> 01:44:31,820
things like that. So what if

1729
01:44:31,820 --> 01:44:35,120
transparent and are like, here's

1730
01:44:35,120 --> 01:44:38,660
transparency, but it's the fake

1731
01:44:39,200 --> 01:44:41,680
so I think that's another

1732
01:44:41,680 --> 01:44:42,760
potentially see the first,

1733
01:44:42,880 --> 01:44:48,700
the first question is, with

1734
01:44:48,700 --> 01:44:54,040
What Rule Do I have to enforce

1735
01:44:54,040 --> 01:44:57,700
your mind about being

1736
01:44:57,700 --> 01:45:02,940
is, give the Constitution you.

1737
01:45:03,000 --> 01:45:06,600
of Congress, and Congress has

1738
01:45:06,600 --> 01:45:09,540
Congress wants it or when their

1739
01:45:09,540 --> 01:45:12,780
somebody who's promising

1740
01:45:13,320 --> 01:45:17,160
like, what I call window display

1741
01:45:17,160 --> 01:45:19,320
yeah, but what if you change

1742
01:45:19,320 --> 01:45:22,520
the information? Can I see you

1743
01:45:22,520 --> 01:45:25,820
are we talking about here?

1744
01:45:25,820 --> 01:45:29,180
when push comes to shove, how do

1745
01:45:29,180 --> 01:45:33,680
you? Answer that, you know,

1746
01:45:33,680 --> 01:45:33,860
Well,

1747
01:45:33,860 --> 01:45:36,680
that's what's really

1748
01:45:36,680 --> 01:45:41,380
you look at the the sort of the

1749
01:45:41,740 --> 01:45:46,600
a completely open, transparent

1750
01:45:47,380 --> 01:45:50,860
you know, a private bank dollar,

1751
01:45:50,860 --> 01:45:53,080
you're doing in your bank

1752
01:45:53,080 --> 01:45:56,320
for me to be able to access

1753
01:45:56,320 --> 01:45:58,720
maybe they sell that data to

1754
01:45:58,720 --> 01:46:02,520
probably a lot of rules that

1755
01:46:02,520 --> 01:46:05,340
ability to sell that data.

1756
01:46:05,340 --> 01:46:09,600
perversion of the blockchain as

1757
01:46:09,600 --> 01:46:13,140
this altruistic thing of, you

1758
01:46:13,380 --> 01:46:16,680
And, you know, here, here we go.

1759
01:46:16,680 --> 01:46:19,500
the, take the money back, quite

1760
01:46:19,500 --> 01:46:23,840
ledger, and so that transparency

1761
01:46:23,840 --> 01:46:26,240
the first question with

1762
01:46:26,240 --> 01:46:29,000
ledger is all right? Well, tell

1763
01:46:29,000 --> 01:46:32,300
holders of Bitcoin are, and in

1764
01:46:32,300 --> 01:46:35,180
to a pin drop, is, nobody can

1765
01:46:35,180 --> 01:46:36,860
there's no transparency, right?

1766
01:46:37,400 --> 01:46:41,080
Well, actually, we've done

1767
01:46:41,140 --> 01:46:43,660
a quite a bit. And one of the

1768
01:46:43,660 --> 01:46:46,840
holders of Bitcoin is the US

1769
01:46:46,840 --> 01:46:51,460
enough. And now Blackrock is up

1770
01:46:52,180 --> 01:46:54,460
you know, like Coinbase, that's

1771
01:46:54,460 --> 01:46:54,880
CTS

1772
01:46:55,120 --> 01:46:58,600
of the ones you just

1773
01:46:58,600 --> 01:46:58,900
holder,

1774
01:47:00,460 --> 01:47:04,560
I think the biggest now, I

1775
01:47:04,560 --> 01:47:07,620
in the world is the Blackrock

1776
01:47:07,620 --> 01:47:11,460
they hold? Like, 22 billion All

1777
01:47:11,460 --> 01:47:16,440
outstanding amount of bitcoin?

1778
01:47:16,440 --> 01:47:19,380
around a trillion dollar asset,

1779
01:47:19,380 --> 01:47:21,800
so Blackrock holds two

1780
01:47:24,260 --> 01:47:28,520
well, they own, they own

1781
01:47:28,520 --> 01:47:28,760
that.

1782
01:47:29,300 --> 01:47:33,500
Okay, so it's tiny, so you

1783
01:47:33,500 --> 01:47:36,500
whale out there. Who else 100

1784
01:47:36,500 --> 01:47:36,980
wouldn't know

1785
01:47:37,100 --> 01:47:41,140
it totally, absolutely I, in

1786
01:47:41,140 --> 01:47:44,020
you that that's true. There's

1787
01:47:44,020 --> 01:47:46,540
where they where they talk

1788
01:47:46,540 --> 01:47:49,120
anonymous, right? Exactly. So

1789
01:47:49,120 --> 01:47:53,680
only people that knew about

1790
01:47:53,680 --> 01:47:56,920
rate of inflation was, you know,

1791
01:47:56,920 --> 01:48:00,840
it's it has this disinflationary

1792
01:48:00,840 --> 01:48:03,300
years, it cuts in half. It's

1793
01:48:03,300 --> 01:48:05,580
Oh, well, in the first four

1794
01:48:05,580 --> 01:48:10,620
libertarians and cypherpunks,

1795
01:48:10,620 --> 01:48:14,880
And it's like, no, I guarantee

1796
01:48:14,880 --> 01:48:18,120
live, but the US intelligence

1797
01:48:18,120 --> 01:48:20,600
didn't put it out themselves, I

1798
01:48:20,600 --> 01:48:23,180
that important, who actually

1799
01:48:23,180 --> 01:48:25,700
rather where it's going. That's

1800
01:48:25,940 --> 01:48:28,400
Where is it held? Who holds

1801
01:48:28,400 --> 01:48:30,680
more you guys talk about I mean,

1802
01:48:30,680 --> 01:48:32,900
stuff, right, crypto and

1803
01:48:32,900 --> 01:48:35,960
with a 10 foot bowl. But the

1804
01:48:35,960 --> 01:48:40,600
more it sounds like a monster

1805
01:48:40,600 --> 01:48:43,960
financial asset that is used by

1806
01:48:43,960 --> 01:48:47,320
has been used by the powers that

1807
01:48:47,320 --> 01:48:49,360
exactly the kinds of things

1808
01:48:49,360 --> 01:48:52,540
create crises. That's how the

1809
01:48:52,540 --> 01:48:56,140
Gold gets shipped around all the

1810
01:48:56,140 --> 01:49:00,040
there with gold and control is

1811
01:49:00,040 --> 01:49:02,700
gold, or they hold the vast

1812
01:49:02,700 --> 01:49:05,280
God forbid, want to, you

1813
01:49:05,280 --> 01:49:08,880
to gold, you need a, you need a,

1814
01:49:08,940 --> 01:49:13,020
you need all it's, it's very

1815
01:49:13,020 --> 01:49:15,480
you can hold around, right?

1816
01:49:15,540 --> 01:49:18,900
with bit this the Bitcoin

1817
01:49:18,900 --> 01:49:23,720
problem on steroids. Yeah. Who

1818
01:49:23,720 --> 01:49:26,360
collapse the market overnight

1819
01:49:26,360 --> 01:49:28,400
ship up the ounce, like you're

1820
01:49:29,660 --> 01:49:31,880
Well, now we're having the

1821
01:49:31,880 --> 01:49:35,180
so funny about, you know, the

1822
01:49:35,180 --> 01:49:37,820
kind of sort of retreated from

1823
01:49:37,820 --> 01:49:40,220
chief of Bitcoin magazine. I've

1824
01:49:40,220 --> 01:49:43,000
community as they're, you know,

1825
01:49:43,000 --> 01:49:45,760
Trumps of the world. And I'm

1826
01:49:45,760 --> 01:49:49,180
market manipulators. We JP,

1827
01:49:49,180 --> 01:49:51,880
are, they're, they're

1828
01:49:51,880 --> 01:49:56,380
know, they're paying, you know,

1829
01:49:56,860 --> 01:49:59,920
to make a lot of money. You

1830
01:50:00,000 --> 01:50:01,260
In their business. We tried

1831
01:50:01,260 --> 01:50:03,720
to tell people, embracing

1832
01:50:03,720 --> 01:50:07,440
we call the Doomers. Yeah, black

1833
01:50:07,440 --> 01:50:10,020
The only thing that can save

1834
01:50:10,020 --> 01:50:12,360
from buying and it's funny

1835
01:50:12,360 --> 01:50:14,820
saying that I think the US

1836
01:50:14,820 --> 01:50:17,460
price of Bitcoin and manipulate

1837
01:50:17,940 --> 01:50:21,020
dissuading you from buying it.

1838
01:50:21,020 --> 01:50:24,680
it fixes everything and it saves

1839
01:50:24,680 --> 01:50:28,280
is a tool innately anyway. It

1840
01:50:28,280 --> 01:50:31,280
much as it can free people. It

1841
01:50:31,280 --> 01:50:34,220
you custody it and all this

1842
01:50:34,220 --> 01:50:36,620
known market manipulators,

1843
01:50:36,620 --> 01:50:39,800
the guy, the guy wearing a

1844
01:50:39,800 --> 01:50:42,820
and holding a chainsaw. He's

1845
01:50:42,820 --> 01:50:44,320
don't you understand about that?

1846
01:50:44,320 --> 01:50:46,720
okay, but he's gonna pump

1847
01:50:46,720 --> 01:50:49,840
in? But maybe there'll be some

1848
01:50:50,320 --> 01:50:53,980
but he's on CNBC saying,

1849
01:50:53,980 --> 01:50:59,020
him in. Yeah, it's, it's, it's,

1850
01:50:59,020 --> 01:51:02,460
perversion and the dialectics

1851
01:51:02,460 --> 01:51:06,000
this, this really controlled

1852
01:51:06,000 --> 01:51:09,480
of good people, a lot of good

1853
01:51:09,480 --> 01:51:11,760
think there are good people that

1854
01:51:11,760 --> 01:51:15,120
Department and the Fed and and

1855
01:51:15,120 --> 01:51:18,780
BlackRock, of course. But you

1856
01:51:18,780 --> 01:51:19,800
and what they actually do to

1857
01:51:19,860 --> 01:51:21,740
people, there's a lot of

1858
01:51:21,740 --> 01:51:24,500
organizations. I work in an

1859
01:51:24,500 --> 01:51:28,340
the top is the problem, right?

1860
01:51:28,340 --> 01:51:32,240
interactions with the Fed, and

1861
01:51:32,240 --> 01:51:35,000
accommodating, and they've gone

1862
01:51:35,000 --> 01:51:39,440
me. They're good people those

1863
01:51:39,980 --> 01:51:40,660
I would, yeah,

1864
01:51:40,900 --> 01:51:44,740
no, well, it's probably

1865
01:51:44,740 --> 01:51:47,980
one thing I wanted to bring up

1866
01:51:47,980 --> 01:51:50,920
to a lot of other things we've

1867
01:51:50,920 --> 01:51:53,800
want to pick on Trump, but I

1868
01:51:53,800 --> 01:51:57,820
he's most likely going to win in

1869
01:51:57,820 --> 01:52:01,500
I wouldn't bet on that. Oh,

1870
01:52:01,500 --> 01:52:05,040
know. Trying to predict these

1871
01:52:05,040 --> 01:52:05,460
enough,

1872
01:52:05,460 --> 01:52:08,820
but I think, I think there's

1873
01:52:08,820 --> 01:52:12,180
that, like, if Trump, if he gets

1874
01:52:12,180 --> 01:52:15,180
think everyone knows if Kamala

1875
01:52:15,180 --> 01:52:17,400
going to do, which is the same

1876
01:52:17,400 --> 01:52:19,920
the past four years, and that

1877
01:52:19,920 --> 01:52:23,240
and whatnot. But there's sort of

1878
01:52:23,240 --> 01:52:26,360
that Trump has managed to

1879
01:52:26,360 --> 01:52:30,320
has he ever people that saw

1880
01:52:30,320 --> 01:52:35,420
to have, you know, fallen for it

1881
01:52:35,420 --> 01:52:38,900
sort of amnesia, you know. So as

1882
01:52:38,900 --> 01:52:42,460
this, I don't know if if

1883
01:52:42,460 --> 01:52:48,040
potential Treasury Secretary

1884
01:52:48,040 --> 01:52:50,740
reported that Trump had been

1885
01:52:50,740 --> 01:52:53,020
Larry Fink, and then walked

1886
01:52:53,020 --> 01:52:56,200
But the only person Trump is

1887
01:52:56,200 --> 01:53:01,020
him, for for the Treasury is a

1888
01:53:01,020 --> 01:53:04,920
may know, yeah, because he made

1889
01:53:04,920 --> 01:53:09,360
eight crisis. But he did so by

1890
01:53:09,360 --> 01:53:13,440
conspiracy with Goldman Sachs,

1891
01:53:13,440 --> 01:53:16,380
want to explain that and why?

1892
01:53:16,380 --> 01:53:20,100
have someone you know, the most

1893
01:53:20,100 --> 01:53:23,000
be in charge of the Treasury

1894
01:53:23,180 --> 01:53:25,580
fiscal crisis, perhaps.

1895
01:53:25,940 --> 01:53:29,300
How do you make money? How

1896
01:53:29,300 --> 01:53:33,500
know are going to go bad? You

1897
01:53:33,500 --> 01:53:36,920
default swaps and therein. So,

1898
01:53:36,920 --> 01:53:40,300
insurance policy on an asset

1899
01:53:40,300 --> 01:53:43,060
because the debt's not going to

1900
01:53:43,060 --> 01:53:45,760
credit default swap is. It's

1901
01:53:46,000 --> 01:53:49,180
because what it really is is

1902
01:53:49,180 --> 01:53:52,840
a lot disallowed by the law. So

1903
01:53:52,900 --> 01:53:57,520
default swaps. So what Paulson,

1904
01:53:57,520 --> 01:54:02,700
Goldman. He went out and picked

1905
01:54:03,000 --> 01:54:07,980
debts, mortgages and whatever

1906
01:54:07,980 --> 01:54:11,940
securities that he knew were

1907
01:54:11,940 --> 01:54:14,520
could then turn around and take

1908
01:54:14,520 --> 01:54:17,400
debt, and he put together a

1909
01:54:17,400 --> 01:54:21,260
whole thing, was a, was a, was

1910
01:54:21,260 --> 01:54:26,000
and Timberwolf and they and

1911
01:54:26,000 --> 01:54:28,100
assets. Again, that's

1912
01:54:28,100 --> 01:54:31,580
didn't tell investors, as I

1913
01:54:31,580 --> 01:54:35,300
prosecuted, but nothing came of

1914
01:54:35,300 --> 01:54:37,880
nothing happened to Paulson, and

1915
01:54:37,880 --> 01:54:38,780
billions. That's

1916
01:54:38,780 --> 01:54:42,580
why it's a crime. That's why

1917
01:54:42,580 --> 01:54:45,280
assets were going to fail, and

1918
01:54:45,280 --> 01:54:48,880
investors and didn't tell them

1919
01:54:48,880 --> 01:54:52,120
according to our own emails. I

1920
01:54:52,240 --> 01:54:54,880
Well, that's because the

1921
01:54:54,880 --> 01:54:57,880
are, you know, the good people

1922
01:54:57,880 --> 01:55:03,360
highly. So, you know, we. Trust.

1923
01:55:03,480 --> 01:55:04,260
irrespective

1924
01:55:04,260 --> 01:55:06,840
of the rating. It's even

1925
01:55:06,840 --> 01:55:10,380
rating at all. That's still a

1926
01:55:10,380 --> 01:55:13,860
can't tell somebody, Hey, this

1927
01:55:13,860 --> 01:55:17,580
conceal material information

1928
01:55:17,580 --> 01:55:21,740
touting the investor to. That is

1929
01:55:21,740 --> 01:55:25,940
happened. And no one was

1930
01:55:25,940 --> 01:55:29,420
deep in that he was an enabler

1931
01:55:29,480 --> 01:55:33,680
in any you don't want him as his

1932
01:55:33,680 --> 01:55:34,820
treasury secretary.

1933
01:55:35,240 --> 01:55:37,880
Yeah, it's very interesting

1934
01:55:37,880 --> 01:55:41,320
You know, I just read, you know,

1935
01:55:41,320 --> 01:55:45,400
about snls, and it's very

1936
01:55:45,400 --> 01:55:50,320
the accounting firms are more

1937
01:55:50,320 --> 01:55:53,260
know, it's not just the CEOs,

1938
01:55:53,260 --> 01:55:55,840
kickbacks and all this stuff,

1939
01:55:55,840 --> 01:56:00,460
created a criminal enterprise

1940
01:56:01,300 --> 01:56:05,940
maybe less so regulators, but I

1941
01:56:05,940 --> 01:56:09,120
it's, it's very disturbing that

1942
01:56:09,120 --> 01:56:14,160
know, being floated after, you

1943
01:56:14,160 --> 01:56:18,060
criminal activity to occur.

1944
01:56:18,060 --> 01:56:18,240
but

1945
01:56:18,240 --> 01:56:20,840
if you prosecute one of the

1946
01:56:20,840 --> 01:56:23,540
handful of them. Yeah? Once you

1947
01:56:23,540 --> 01:56:25,640
square, all that goes away,

1948
01:56:25,640 --> 01:56:27,740
seems like that's not going

1949
01:56:27,740 --> 01:56:30,500
think of regardless of who wins

1950
01:56:30,500 --> 01:56:34,340
have some insane financial

1951
01:56:34,340 --> 01:56:38,180
because now the corruption is

1952
01:56:38,180 --> 01:56:40,960
don't even know if brazen even

1953
01:56:40,960 --> 01:56:43,480
a level beyond a brazen at this

1954
01:56:44,920 --> 01:56:47,500
it's baked into the cake.

1955
01:56:47,500 --> 01:56:50,980
cake. And so the issue is, who,

1956
01:56:50,980 --> 01:56:53,860
a better deal for the criminals

1957
01:56:53,860 --> 01:56:56,560
sure those are the

1958
01:56:56,860 --> 01:56:57,640
Yeah. Are

1959
01:56:57,640 --> 01:56:59,740
there going? I mean, right

1960
01:56:59,740 --> 01:57:02,940
time of the election cycle where

1961
01:57:02,940 --> 01:57:08,220
teams on both sides are being

1962
01:57:08,640 --> 01:57:11,100
elections next month, those

1963
01:57:11,100 --> 01:57:13,200
formed today. Yeah,

1964
01:57:14,640 --> 01:57:18,780
yeah, it's wheeling and deal

1965
01:57:20,160 --> 01:57:23,420
what a fun season we're in.

1966
01:57:23,420 --> 01:57:26,120
been a pleasure having you. Are

1967
01:57:26,120 --> 01:57:28,520
parting advice you'd like to

1968
01:57:28,520 --> 01:57:32,480
what we've discussed? Any

1969
01:57:32,480 --> 01:57:35,240
lack of outrage despite the

1970
01:57:35,240 --> 01:57:38,180
criminality over the past five

1971
01:57:38,180 --> 01:57:40,360
reaction in oh eight I mean, I

1972
01:57:40,360 --> 01:57:43,840
thoughts, but I'll give the

1973
01:57:43,840 --> 01:57:44,500
wrap up here.

1974
01:57:44,620 --> 01:57:46,780
Yeah, turn off your

1975
01:57:46,780 --> 01:57:47,020
never,

1976
01:57:49,900 --> 01:57:50,620
I like that

1977
01:57:52,000 --> 01:57:55,660
personally, unless you're

1978
01:57:55,660 --> 01:58:00,280
the wonderful John Titus best

1979
01:58:02,320 --> 01:58:04,440
want, like a few computer,

1980
01:58:05,640 --> 01:58:08,700
yes, yes. Well, hey, it's

1981
01:58:08,700 --> 01:58:13,560
you so much. You know, I really,

1982
01:58:13,560 --> 01:58:17,700
it's incredibly important. This

1983
01:58:17,700 --> 01:58:23,120
not enough forensic, you know,

1984
01:58:23,240 --> 01:58:26,780
We need more of it, and I think

1985
01:58:26,780 --> 01:58:28,640
really appreciated the time.

1986
01:58:28,820 --> 01:58:31,280
going to deliver soon, and

1987
01:58:31,280 --> 01:58:32,840
it, but that's a story for

1988
01:58:33,500 --> 01:58:36,920
Perfect. So with that being

1989
01:58:36,920 --> 01:58:40,960
what Mark said about your great

1990
01:58:40,960 --> 01:58:43,960
investigations, period. And

1991
01:58:43,960 --> 01:58:48,280
otherwise, your voice is very

1992
01:58:48,280 --> 01:58:48,820
your work?

1993
01:58:49,660 --> 01:58:54,160
Best evidence is my YouTube.

1994
01:58:54,160 --> 01:58:59,320
shoot, and I have a sub stack.

1995
01:58:59,740 --> 01:59:03,780
And then, of course, I do a

1996
01:59:03,780 --> 01:59:09,060
Austin fitz@solare.com called

1997
01:59:09,060 --> 01:59:11,580
every Thursday night except the

1998
01:59:12,060 --> 01:59:14,040
However, that is a subscription

1999
01:59:14,100 --> 01:59:16,800
It is a subscription

2000
01:59:16,800 --> 01:59:21,020
a Solari subscription, it is one

2001
01:59:21,020 --> 01:59:24,440
around, in my humble opinion. So

2002
01:59:24,440 --> 01:59:27,620
considering the subscription,

2003
01:59:27,620 --> 01:59:31,400
opinion. Well, it's been a

2004
01:59:31,460 --> 01:59:35,180
Thanks to you, Mark, and for

2005
01:59:35,180 --> 01:59:40,420
listen, hopefully you've learned

2006
01:59:40,420 --> 01:59:44,080
know, criminals running our

2007
01:59:44,680 --> 01:59:47,920
some of the things discussed

2008
01:59:47,920 --> 01:59:51,580
have been listening with what to

2009
01:59:51,580 --> 01:59:55,360
And perhaps, you know, help them

2010
01:59:55,360 --> 01:59:58,600
And you know, just like John

2011
01:59:58,600 --> 02:00:01,920
yourself, you know, that tends

2012
02:00:01,920 --> 02:00:04,440
advice that isn't really

2013
02:00:04,440 --> 02:00:08,580
give physical things that will

2014
02:00:08,580 --> 02:00:12,420
whatever that means for you. If

2015
02:00:12,420 --> 02:00:15,180
know, we're not here to pump our

2016
02:00:15,180 --> 02:00:18,840
particular to the audience,

2017
02:00:18,840 --> 02:00:21,380
care of yourselves, given a lot

2018
02:00:21,380 --> 02:00:24,200
when things get hairy, it's best

2019
02:00:24,200 --> 02:00:26,780
some capacity. And really one of

2020
02:00:26,780 --> 02:00:28,820
according to people, you know,

2021
02:00:28,820 --> 02:00:32,840
economic collapses in Argentina,

2022
02:00:33,020 --> 02:00:36,620
is very important, so you don't

2023
02:00:36,620 --> 02:00:40,120
And I think that will hold true

2024
02:00:40,120 --> 02:00:43,180
next few years as well. So with

2025
02:00:43,420 --> 02:00:46,180
everyone. If you listen to this

2026
02:00:46,180 --> 02:00:49,060
share it widely. Consider

2027
02:00:49,060 --> 02:00:52,600
inclined, we would appreciate

2028
02:00:52,600 --> 02:00:54,220
and we'll catch you all on Our

2029
02:01:02,800 --> 02:01:02,920
You