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Hey, hey, welcome back to the Bitcoin Matrix. I'm your host, Cedric Youngelman. The Bitcoin

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All links are in the show notes.

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Today, I'm sitting down with Tom Luongo for the sixth time.

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And if you've followed any of our previous conversations,

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you know this one's going to go places most podcasts won't.

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Tom makes a bold case.

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The chaos you're watching in Western politics,

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the wars, the censorship, the financial pressure,

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it doesn't trace back to China.

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It doesn't trace back to Russia.

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It traces back to Europe.

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and specifically to a colonial power structure that never really let go.

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We're diving into why Trump's second term is less about one man

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and more about a battle over who actually controls American monetary and foreign policy.

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Why the Epstein files are less of a scandal and more of a strategic weapon.

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And why Bitcoin sits at the center of all of this as a direct repudiation of the British central bank model

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that's been extracting wealth from the American people for over a century.

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This one goes deep into geopolitics, monetary history, capital markets, and what it really means to opt out of a system that was never designed to work in your favor.

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If the Bitcoin Matrix resonates with you, I'd really appreciate it if you'd subscribe on the Fountain app.

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For just $5 a month, you can become a member and get early ad-free episodes plus other membership perks.

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Please leave a five-star review wherever you listen or view your favorite podcasts.

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Share the Bitcoin Matrix with someone who'd benefit.

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Grab some merchandise or reach out at thebitcoinmatrix.com and say hi.

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Just so you know, I only work with companies I personally use and believe in.

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No exceptions.

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When you check them out and buy and use their products, you're helping keep the Bitcoin Matrix independent.

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And I'm really grateful for that.

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And now, let's enter the Bitcoin Matrix with my good friend Tom Luongo.

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What is real? How do you define real? You can't jump into cash. Cash is trash. What do you do? You get out.

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Tom Luongo, welcome back to the Bitcoin Matrix for the sixth time. How are you, sir?

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I'm good. Really? We've done five previous ones of these?

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Yeah, five previous and I think three steak dinners now.

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I know, I know. And I'm, you know, ensconced up here in the wilds of Tennessee. So I won't be back in Florida, I think, until April for a few weeks. So maybe when we're on my daughter's birthday. So if we have some time, we should get together in April. It should be fun.

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Let's do it. And I recommend people go back to those prior shows. They're about some of your writings and prior thoughts and ideas. But I kind of want to get into the world today. It's, you know, kind of hard to figure out where to start.

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Maybe we could think about it in two ways, like maybe like a board game.

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I know you like playing those.

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And my son is starting to dip his toe into Dungeons and Dragons.

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I get kind of roped into his world now, which is kind of exciting, but it takes me places I've never been or wouldn't go on my own.

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Cool.

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And, you know, I would say I'm blackpilled.

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You know, I think you've said I'm blackpilled.

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I wouldn't label myself at all.

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And at the end of the day, I have optimism.

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I'm optimistic about the long-term outcome, but I could get real cynical.

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Sure.

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I don't, well, I mean, you and I have had many a good conversation about that.

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I wouldn't, you know, I've met some really bipolar people.

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And at the very least, the fun part about every time you and I get together,

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either, you know, for dinner or when we do one of these,

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is that, you know, you've got an open mind about this stuff.

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And, you know, I like the cynicism.

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Don't get me wrong.

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I think the cynicism is healthy.

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I have plenty of it.

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I have enough of it that it's actually very difficult for me to, like, remind myself that every once in a while, no, no, no, we're still winning.

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It's just sometimes winning feels like losing, right?

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Because as my friend Blaine Holt likes to say, you know, the enemy gets the vote.

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So, you know, you can put all the little wins on the board that you want, but they're going to decide, they're going to, you know, come back at you.

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And again, the other guy gets to turn, if you want to extend the board game reference, right?

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That, you know, I got to the three wood spot before you did.

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But he gets two wood when he goes to that spot over there.

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So, you know, it's, you know, he might get the reeds if you're doing your Agricola thing, right?

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For those of you who've played Agricola, you know exactly what I'm talking about.

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I hit the three wood spots, you take the reed spot, and someone else takes the build fences spot.

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And then, oh, God, grrr.

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And then you do the thing.

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But everything's a tradeoff.

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And the thing about the board game reference, I think, is good, especially when you start thinking about it from that standpoint.

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Like, in what order do I need to take my actions in order to outplay my opponent?

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In a lot of these board games, it is very, very much about timing.

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And so when you do that a lot, you can watch it happen in real time in politics or in capital markets.

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Like, if things happen in the wrong order, ooh, that's going to be bad.

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But if things happen in the right order, well, then it's a different story.

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Then, you know.

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And so I've been watching, you know, for me, everything comes down to whether or not the Trump administration can execute on a geopolitical level, at a domestic policy level, a political level, having to wrangle a recalcitrant, if not outright treasonous Congress.

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And then we have openly insurrectionist governors.

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We've got anti-ice protests and all of this stuff.

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And it's all about the same.

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It's all based on the same premise, and it all stems from the same enemy.

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And don't ever, people like to confuse the game board,

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it's China, it's the Russians, or it's the Iranians, or the Israelis.

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No, no, no.

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At the end of the day, it's always Europe.

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It's always the old colonial powers of Europe,

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with or without City of London, the remnants of the British Empire or not.

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it's always about them because they're the ones that have the weakest position on the board.

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They're the ones that have the oldest entrenched power structure that they want to hold on to.

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So they're the ones with the most to lose. So therefore, they're going to be the ones that

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make the biggest, they're going to be the ones that make the biggest moves. They're the ones

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that have the deepest ties into our government. They are the ones that have the deepest ties into

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our intelligence services, into our managerial state, into our, into Wall Street, the financial

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markets. They're the ones we have the longest and deepest relationships with. And when you start to

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really think through the history and the relationship between the United States, for example,

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and Great Britain, you realize that it's a very complicated relationship and that we've lived in

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the era of relative peace between Britain and the United States. But I would argue that that's not

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relative peace at all. It's always been them sticking their hand up our ass and working our

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political system like a fucking puppeteer. And the longer I go through this, the longer I analyze

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these systems, I can't come to any other conclusion because they're the ones that have the deepest

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relationships with, for example, the CIA, between MI6 and CIA and Five Eyes and all of that stuff.

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They had a direct pipeline to the president to feed him malameless and disinformation for years,

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for decades. We have their central bank model, which you as a Bitcoiner are fundamentally

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opposed to as a human being, right? That's your whole, your whole raison d'etre is to get it to

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be a part of Bitcoin is to repudiate the British central bank model of fiat currency and debt,

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taxes, inflation, and all the rest of it, right? So, you know, trace all these things back. Don't,

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don't overcomplicate it. It's just Europe over and over and over again. They're the ones that

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are all communists.

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Like, tell me

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the EU isn't looking more and more like

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the USSR every day. Censorship,

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trampling of

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individual sovereignty and what's supposed to be a trade

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and customs union and a vague political

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union. No. At the end of every day,

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at the end of the day,

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Europe every day acts more,

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the European Commission acts more and more like

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the unelected Politburo that they actually

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are. Right? Look at what's

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happening in the UK. Labor's

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in power and they're literally

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looking at 1984 going, yeah, that was a good handbook.

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I mean, and every day, we've always been at war with East Asia.

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I know we've always been at war with Eurasia.

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It's the same black and white, up and down.

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Ignorance is truth, and war is peace, right?

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These are the people that want to continue the war in Ukraine,

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even though no one else wants it.

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These are the people that have been behind the Israeli-Iran conflict

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on both sides of the equation.

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And we finally, you know, they've been finally showing their hand on how much they, you know, have influence over Iranian policy.

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And you realize that at the end of the day that, you know, there are no good guys in any of these fights.

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It's just a bunch of bad guys, you know, mixing it up, trying to get us, the Americans, to go in there and fight their wars for them.

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Because at the end of the day, if we're fighting their wars, then we're spending our blood and treasure and they aren't.

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And, you know, so when I extend the board game metaphor, that's a classic, I'm in second place or I'm in first place and everybody in third, fourth and fifth place are ganging up on me to pull me down and bring them up, which is what I would do if I were them.

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Right.

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But that doesn't mean I have to like it as an American.

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And it's really, and then when you back out from that even further, I really don't like it if I'm the Russians and I really don't like it if I'm the Chinese.

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because if the Americans lose,

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then they're stuck having to deal with the remnant of America,

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plus Europe again, fighting them.

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And China's too remote to actually fight them.

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That means that the Russians are going to be on their own again.

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And, you know, that's the game board.

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That's why Ukraine exists.

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That's why they still want that war in Ukraine.

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They want to fight that war in Ukraine with or without us,

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but they would prefer us to do it for them

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because, of course, we'll be fighting a war

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that we can't quote-unquote win.

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They want to turn Ukraine into Vietnam again,

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with us fighting it.

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Or they want to turn Iran into Vietnam or in Afghanistan.

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They're setting up Canada for this, for Christ's sake.

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The way Mark Carney is acting,

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it's clear that they want to set up Canada

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as the next Ukraine for us to have to fight.

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I got news for you.

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Canada will take 20 minutes to deal with.

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There's nothing the Canadians can muster in the next 20 years.

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that could get them even close to being able to fight, you know, the American military that's in

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Minnesota, no less the rest of the country. So I don't know, man. I mean, I don't know what you're

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seeing, but what I see is Trump, as always, nothing has changed. Trump, you know, wasn't

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lying when he said he wants to, you know, end all the freaking wars, fix the economy and move forward.

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But he's, you know, he's up against these people that will do everything to extend and pretend and

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just kind of wait him out and do exactly what they did in the first administration, which is,

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You know, this time they don't have they can't saddle him with a bunch of neocons in his cabinet because he's got a good cabinet this time.

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And he's spent most of 2025, I think, doing a good job of poking his opposition into defining, redefining, if not fully defining the art, his article to powers as president.

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If you notice, every one of those, everything he tried to do, he did knowing full, I think knowing full well, I think Stephen Miller was the architect of this, knowing full well that they would cast in some traffic court judge in Maryland with cast an injunction against X.

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I don't know.

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The president isn't allowed to do foreign policy, for example.

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And then that has to go up to the Supreme Court for the Supreme Court to slap it down and go, no, actually, the president does get to do foreign policy.

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He gets to negotiate with foreign leaders.

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That's kind of his job.

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He also gets to do this and he also gets to do that and he also gets to do these other things Now of course on the opposite you know their counter move to that is to then scream no kings And you know we have a president and a king

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Well, I got news for you.

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In today's political environment, the United States president has an unbelievable amount

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of power, far more than most kings have ever held in history.

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And this is the part that's hilarious as people are crashing out left and right.

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And Trump doesn't even like utilize half the power that he actually has because he hasn't

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use the military domestically, even though he's had every right to. Like Minnesota, he had every

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right to invoke the Insurrection Act and arrest Tim Walz and arrest Jacob Fry, the mayor of

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Minneapolis. He had every right to do that. He could have easily done that. It's like, nope,

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you guys are actively nullifying and knowingly nullifying enforcement of federal law. Sorry,

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you get to go into federal prison. We're going to hold you for 21 days. Nope, sorry.

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No, pending trial.

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Done.

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Remove them from power.

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Didn't do it.

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Why?

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Because that's what they wanted him to do.

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They wanted him to, because they had already prepared the ground that he's a tyrant.

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Right?

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It's like they prepared the ground for 15 years that Putin wants to reconstitute the USSR.

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So then they force him to invade Ukraine so that they can then say, see, he wants to reconstitute

212
00:15:11,452 --> 00:15:12,092
the USSR.

213
00:15:12,092 --> 00:15:15,972
are. Like, no, dude, it's like, all you had to do is, as Marty Armstrong has to say all the time,

214
00:15:16,132 --> 00:15:19,692
all you had to do is implement the Minsk agreement and Russia wouldn't have moved across the border.

215
00:15:19,812 --> 00:15:23,812
But you didn't want to do that because the goal was to start a war between Russia and Ukraine.

216
00:15:23,812 --> 00:15:27,852
But you want a virtue signal that you didn't. The Democrats are playing the same game. The

217
00:15:27,852 --> 00:15:32,112
city of London is playing the same fucking game. They're all doing this shit. And it's nothing new.

218
00:15:32,312 --> 00:15:36,212
And you don't see the Chinese playing that game. They're not playing that kind of game. The Russians

219
00:15:36,212 --> 00:15:40,032
aren't playing that game. The only people who are playing that game are Europe, the Democrats,

220
00:15:40,032 --> 00:15:43,212
and the British over and over and over again.

221
00:15:43,852 --> 00:15:45,612
And we can get into the capital markets.

222
00:15:45,752 --> 00:15:47,332
And you see the same thing in the capital markets.

223
00:15:47,672 --> 00:15:49,312
So it's the same thing over and over again.

224
00:15:49,732 --> 00:15:53,072
And it doesn't mean that he's done a great job of...

225
00:15:53,072 --> 00:15:55,392
I'm not going to say that he's done a perfect job

226
00:15:55,392 --> 00:15:57,452
of dealing with the problem, because he hasn't.

227
00:15:57,652 --> 00:15:59,492
He's made mistakes, right?

228
00:15:59,492 --> 00:16:01,972
His public handling of the Epstein files

229
00:16:01,972 --> 00:16:04,112
has been, at best, problematic.

230
00:16:04,612 --> 00:16:08,112
But then again, since he knew what was in those files,

231
00:16:08,372 --> 00:16:09,992
and he knew that he had nothing to hide,

232
00:16:10,032 --> 00:16:11,252
him personally

233
00:16:11,252 --> 00:16:12,752
because he doesn't.

234
00:16:13,392 --> 00:16:14,492
The only thing he had to hide

235
00:16:14,492 --> 00:16:15,232
was that he was the guy

236
00:16:15,232 --> 00:16:16,152
who helped turn Epstein in

237
00:16:16,152 --> 00:16:16,632
the first time.

238
00:16:17,512 --> 00:16:18,792
He was working with the FBI

239
00:16:18,792 --> 00:16:20,992
to get Epstein arrested

240
00:16:20,992 --> 00:16:21,872
back in 2009.

241
00:16:22,552 --> 00:16:23,552
And then we get, you know,

242
00:16:23,692 --> 00:16:25,172
and so he knew full well.

243
00:16:25,712 --> 00:16:26,332
So then he asked himself

244
00:16:26,332 --> 00:16:26,672
the question,

245
00:16:26,812 --> 00:16:27,772
well, then why did he,

246
00:16:28,272 --> 00:16:29,452
that doesn't make any sense, Tom,

247
00:16:29,512 --> 00:16:31,412
because why did he say,

248
00:16:31,512 --> 00:16:32,212
well, let's just get rid of it.

249
00:16:32,252 --> 00:16:33,172
Let's just ignore it all.

250
00:16:33,612 --> 00:16:34,332
Epstein's the corpse

251
00:16:34,332 --> 00:16:35,252
that won't die

252
00:16:35,252 --> 00:16:36,352
and let's just let it all,

253
00:16:36,452 --> 00:16:37,552
let's let bygones be bygones

254
00:16:37,552 --> 00:16:38,052
and move on.

255
00:16:38,172 --> 00:16:39,252
Well, that's really obvious

256
00:16:39,252 --> 00:16:41,972
because he was offering them terms of surrender.

257
00:16:42,172 --> 00:16:43,812
He knew what was in there.

258
00:16:43,972 --> 00:16:44,872
And they said no.

259
00:16:45,032 --> 00:16:46,592
You have a treasure trove like Epstein.

260
00:16:46,732 --> 00:16:47,872
You're not going to use it strategically

261
00:16:47,872 --> 00:16:49,372
to try and sue for peace,

262
00:16:49,512 --> 00:16:51,852
to win the war without firing a shot,

263
00:16:52,132 --> 00:16:53,592
to minimize the number of casualties?

264
00:16:53,872 --> 00:16:54,712
Why wouldn't you do that?

265
00:16:54,892 --> 00:16:56,532
Oh, but we can't do that.

266
00:16:56,812 --> 00:16:58,112
We can't think in those terms

267
00:16:58,112 --> 00:17:00,832
because we have to think maximally cynically all the time

268
00:17:00,832 --> 00:17:03,632
because we've been told to be maximally cynical

269
00:17:03,632 --> 00:17:06,272
about everything because everybody's bad,

270
00:17:06,372 --> 00:17:07,772
because everybody's terrible,

271
00:17:07,772 --> 00:17:09,532
because they're all shitbags.

272
00:17:09,912 --> 00:17:11,652
There are no good guys, right?

273
00:17:12,432 --> 00:17:13,912
We're all morally gray.

274
00:17:14,572 --> 00:17:17,612
Well, what if it's not as bad as we think it is?

275
00:17:17,832 --> 00:17:20,372
When you, even if you don't believe it,

276
00:17:20,372 --> 00:17:21,952
you should at least entertain that idea

277
00:17:21,952 --> 00:17:24,032
and then try and fit some scenarios,

278
00:17:24,192 --> 00:17:24,852
those are my hypotheses,

279
00:17:25,112 --> 00:17:27,592
and then run them and go, maybe.

280
00:17:28,052 --> 00:17:29,992
And then sit back and watch and go,

281
00:17:29,992 --> 00:17:32,952
well, oh, yeah, that makes more sense

282
00:17:32,952 --> 00:17:35,252
than the other argument makes sense.

283
00:17:35,252 --> 00:17:37,932
so if that's the case

284
00:17:37,932 --> 00:17:40,052
then you can continue to

285
00:17:40,052 --> 00:17:42,292
say well it makes more sense that this is what

286
00:17:42,292 --> 00:17:44,092
Trump was doing as opposed to

287
00:17:44,092 --> 00:17:46,412
you know he was just trying to save his skin

288
00:17:46,412 --> 00:17:47,432
like

289
00:17:47,432 --> 00:17:49,912
it's clearly obvious

290
00:17:49,912 --> 00:17:52,112
that that's not you know at this point

291
00:17:52,112 --> 00:17:53,972
the big casualties so far

292
00:17:53,972 --> 00:17:56,212
there's been two huge casualties in the latest Epstein

293
00:17:56,212 --> 00:17:57,832
release Steve Bannon

294
00:17:57,832 --> 00:17:59,732
and Peter Mandelson

295
00:17:59,732 --> 00:18:01,952
the former ambassador to the United States

296
00:18:01,952 --> 00:18:04,272
and the UK the Lord Peter Mandelson

297
00:18:04,272 --> 00:18:06,252
the prince of darkness who's been

298
00:18:06,252 --> 00:18:08,572
one of the leading

299
00:18:08,572 --> 00:18:09,892
architects of all of this

300
00:18:09,892 --> 00:18:11,552
horrific shit

301
00:18:11,552 --> 00:18:14,432
he's done. That blows all back

302
00:18:14,432 --> 00:18:16,532
on Keir Starmer. It's destroying

303
00:18:16,532 --> 00:18:18,372
British politics. It's good. It's destroying the

304
00:18:18,372 --> 00:18:20,432
British establishment. It's blowing

305
00:18:20,432 --> 00:18:22,372
right back on them because they were involved in all

306
00:18:22,372 --> 00:18:24,272
of it. Now everybody's looking at it.

307
00:18:24,312 --> 00:18:26,312
But the big one is Steve Bannon.

308
00:18:27,192 --> 00:18:28,372
He's been sitting there as a wolf in

309
00:18:28,372 --> 00:18:30,472
sheep's clothing, you know, wrapping himself

310
00:18:30,472 --> 00:18:32,212
in the American flag saying, I am the true

311
00:18:32,212 --> 00:18:33,972
MAGA. I'm America's true voice.

312
00:18:34,272 --> 00:18:36,792
and find out that that was all cooked up by,

313
00:18:37,072 --> 00:18:39,232
that idea was cooked up by Epstein himself

314
00:18:39,232 --> 00:18:40,812
to start the war room

315
00:18:40,812 --> 00:18:43,952
so that he could then live under the imprimatur

316
00:18:43,952 --> 00:18:45,252
of being a journalist.

317
00:18:45,552 --> 00:18:47,192
Steve Bannon, journalist.

318
00:18:47,512 --> 00:18:49,172
You know, go fuck yourself, dude.

319
00:18:49,552 --> 00:18:50,032
Seriously.

320
00:18:51,032 --> 00:18:53,112
Because he didn't have to register under Farah

321
00:18:53,112 --> 00:18:54,132
as a foreign agent.

322
00:18:54,552 --> 00:18:56,112
He literally had that conversation,

323
00:18:56,272 --> 00:18:57,512
and there it is in black and white.

324
00:18:57,712 --> 00:18:59,152
And all those assholes,

325
00:18:59,972 --> 00:19:01,232
and how many times did I tell you

326
00:19:01,232 --> 00:19:03,152
Thomas Massey is full of shit?

327
00:19:03,632 --> 00:19:05,452
Marjorie Taylor Greene, didn't trust her either.

328
00:19:06,132 --> 00:19:09,012
For five years, I've been calling her AOC for MAGA tarts.

329
00:19:10,132 --> 00:19:10,272
Right?

330
00:19:11,072 --> 00:19:13,792
Like, I told you, I know I told all of you all,

331
00:19:13,852 --> 00:19:14,632
I know I said this,

332
00:19:14,732 --> 00:19:17,252
I know I talked to you directly about this, right?

333
00:19:17,672 --> 00:19:18,732
Like, all of them.

334
00:19:19,232 --> 00:19:20,772
Like, everybody in Bannon's orbit.

335
00:19:21,092 --> 00:19:21,932
And they're all compromised.

336
00:19:22,352 --> 00:19:23,692
They're all now tainted by him.

337
00:19:24,532 --> 00:19:25,792
I never trusted Jack Posobiec,

338
00:19:25,792 --> 00:19:28,152
because I knew he was full of shit

339
00:19:28,152 --> 00:19:30,092
and was a made man back in 2016,

340
00:19:30,312 --> 00:19:32,672
because I was in that orbit back in 2016

341
00:19:32,672 --> 00:19:34,912
during the first election cycle.

342
00:19:35,652 --> 00:19:36,552
I was right there.

343
00:19:36,632 --> 00:19:37,712
I was one degree of separation.

344
00:19:37,892 --> 00:19:40,412
It was me and Adam Gingrich and Mike Cernovich.

345
00:19:40,632 --> 00:19:42,392
I was part of that crowd.

346
00:19:42,792 --> 00:19:43,852
I was adjacent to that crowd.

347
00:19:44,672 --> 00:19:46,292
And I was actually being...

348
00:19:46,292 --> 00:19:48,612
I could have been a part of that crowd if I wanted to.

349
00:19:48,632 --> 00:19:50,992
All I had to do was go to the deplorable in Washington, D.C.

350
00:19:51,132 --> 00:19:53,652
At that point, I didn't have a pot to piss in or window to throw it out of,

351
00:19:53,672 --> 00:19:55,192
so I wasn't going to Washington, D.C.

352
00:19:55,372 --> 00:19:58,092
to hang out with a bunch of fucking retards I'd met on the Internet.

353
00:19:58,092 --> 00:19:59,172
Like, I'm not doing that.

354
00:19:59,552 --> 00:20:01,972
But I watched Jack Posobiec right after that.

355
00:20:01,972 --> 00:20:04,192
when he first got the job with OANN.

356
00:20:04,372 --> 00:20:06,332
And that guy was watching me and Halsey English.

357
00:20:06,532 --> 00:20:07,672
We were watching our live streams

358
00:20:07,672 --> 00:20:08,652
that nobody else was watching.

359
00:20:08,712 --> 00:20:09,852
And he was using our shit

360
00:20:09,852 --> 00:20:13,372
and using our ideas.

361
00:20:14,092 --> 00:20:14,632
And we called him.

362
00:20:14,712 --> 00:20:16,392
Halsey, I was like, are you kidding me?

363
00:20:16,772 --> 00:20:17,672
And we called him out on it

364
00:20:17,672 --> 00:20:18,592
and he immediately blocked me.

365
00:20:18,952 --> 00:20:21,732
I've been blocked by Jack Posobiec since 2017, by the way.

366
00:20:22,352 --> 00:20:24,352
Because, you know, but he was a made man.

367
00:20:25,152 --> 00:20:27,352
So, you know, and then I have,

368
00:20:27,432 --> 00:20:28,552
so I have something for you, Cedar.

369
00:20:29,152 --> 00:20:31,412
How did Steve Bannon become Steve Bannon, right?

370
00:20:31,412 --> 00:20:33,252
I know little of his backstory.

371
00:20:33,472 --> 00:20:35,052
I know Goldman Sachs, I think.

372
00:20:35,232 --> 00:20:39,252
And then he made some money on Seinfeld when he went into TV production.

373
00:20:39,392 --> 00:20:44,132
He was making weird, I don't remember what kind of slanted films on his own when he came out of Goldman.

374
00:20:44,132 --> 00:20:45,492
He was a filmmaker.

375
00:20:46,292 --> 00:20:46,472
Yeah.

376
00:20:46,892 --> 00:20:47,992
It was Navy intelligence.

377
00:20:48,692 --> 00:20:50,132
Yeah, so I know these smatterings.

378
00:20:50,192 --> 00:20:50,732
That's about it.

379
00:20:50,832 --> 00:20:54,312
I mean, I don't understand how that comes together or what the cohesive story is.

380
00:20:54,352 --> 00:20:55,652
And his persona is a little weird.

381
00:20:55,912 --> 00:20:56,972
It's not hard.

382
00:20:57,232 --> 00:20:57,412
Ready?

383
00:20:58,512 --> 00:21:00,692
Once Navy intelligence, always Navy intelligence.

384
00:21:01,152 --> 00:21:02,452
Same thing with Jack Posobiec, by the way.

385
00:21:02,832 --> 00:21:05,532
So, you know, if you just take Steve Bannon's resume

386
00:21:05,532 --> 00:21:07,332
and just strip his name off the top of it,

387
00:21:07,492 --> 00:21:08,292
and you look at it and you go,

388
00:21:08,412 --> 00:21:09,972
oh, God, that guy's an intelligence asset.

389
00:21:11,432 --> 00:21:12,492
It's that hard.

390
00:21:12,492 --> 00:21:14,092
Like, you know, like, oh, he went here,

391
00:21:14,192 --> 00:21:16,412
he went to the school, he did this, he was there.

392
00:21:16,832 --> 00:21:17,672
Right, seriously.

393
00:21:17,872 --> 00:21:19,412
Okay, that's, I mean, anybody else,

394
00:21:19,472 --> 00:21:21,312
you'd be like, oh, God, that guy's probably a spook.

395
00:21:21,512 --> 00:21:23,452
But, you know, he goes out the slovenly prick

396
00:21:23,452 --> 00:21:27,712
that he is in his everyman outfit, you know, every day,

397
00:21:28,032 --> 00:21:29,512
makes himself look like the everyman.

398
00:21:29,512 --> 00:21:30,232
He's unkempt.

399
00:21:30,292 --> 00:21:30,952
He's ungroomed.

400
00:21:31,052 --> 00:21:35,752
I mean, I'm wearing this shit, but this is who I am.

401
00:21:35,952 --> 00:21:38,152
I'm doing this thing out of a fucking trailer, right?

402
00:21:38,252 --> 00:21:38,792
You know what I mean?

403
00:21:39,172 --> 00:21:40,272
I am that guy.

404
00:21:40,732 --> 00:21:41,412
He's not.

405
00:21:42,512 --> 00:21:45,952
So half of the guys in his background there,

406
00:21:46,052 --> 00:21:48,272
I remember chatting with Lee Stranahan about this

407
00:21:48,272 --> 00:21:50,812
when I used to do Fault Lines on Sputnik Radio

408
00:21:50,812 --> 00:21:54,272
with Lee and Garland, and Lee had him pegged ages ago.

409
00:21:54,532 --> 00:21:56,012
All those guys, Cernovich and the rest of them,

410
00:21:56,012 --> 00:21:58,412
they were all getting money from guys like Jeff Giese

411
00:21:58,412 --> 00:22:06,192
and the Mercers and all that, they're all in that, there's serious money behind a lot

412
00:22:06,192 --> 00:22:06,692
of these guys.

413
00:22:06,932 --> 00:22:09,372
And we're finding out about all of it now.

414
00:22:09,692 --> 00:22:15,432
And so when you think about Bannon, when you think about the Bannon orbit, how many people

415
00:22:15,432 --> 00:22:19,732
are backpilled today and who don't believe that Trump is doing the right thing because

416
00:22:19,732 --> 00:22:22,812
of the intensity of the Steve Bannon orbit?

417
00:22:22,812 --> 00:22:29,292
Right. So maybe, for example, you don't like Bannon, but you like Marjorie Taylor Greene.

418
00:22:29,512 --> 00:22:33,352
Or you like Thomas Massey. You're a libertarian, so you like Thomas Massey.

419
00:22:33,832 --> 00:22:40,832
Or you're a construction worker. You believe that Marjorie Taylor Greene is on the up and up.

420
00:22:41,272 --> 00:22:46,832
You're not some cynical asshole like I am. This is where cynicism really works for you,

421
00:22:46,832 --> 00:22:52,232
because you go, I've seen this shtick before. I don't believe this. I don't believe this

422
00:22:52,232 --> 00:22:54,672
For example, I never believed Marjorie Taylor Greene.

423
00:22:54,932 --> 00:22:58,252
Never bought the whole, never bought anything about her persona.

424
00:22:58,552 --> 00:23:01,652
Don't know why, just for some reason I'm like, I just knew there was something off.

425
00:23:01,832 --> 00:23:07,572
And then I realized that when you sit down and you listen to shitlib speak, right,

426
00:23:07,832 --> 00:23:12,112
they all would talk about Marjorie Taylor Greene the same way we talk about AOC.

427
00:23:12,472 --> 00:23:14,072
And I'm like, oh, right.

428
00:23:14,392 --> 00:23:16,092
They're both assets.

429
00:23:16,512 --> 00:23:22,012
They're just straight from central casting, except that, you know, the left got the hot Latina.

430
00:23:22,232 --> 00:23:26,832
And we got the grouper-faced, guerrilla-armed construction company

431
00:23:26,832 --> 00:23:30,472
owning cunt from North Georgia.

432
00:23:31,072 --> 00:23:33,972
So, I mean, and that's how they think of us.

433
00:23:34,132 --> 00:23:36,112
We don't get the hot one, right?

434
00:23:37,792 --> 00:23:38,232
Right?

435
00:23:38,232 --> 00:23:41,112
You know, they just decided that she works,

436
00:23:41,492 --> 00:23:43,572
that that'll work reasonably well.

437
00:23:43,872 --> 00:23:46,672
So, you know, and that's the way this works.

438
00:23:47,052 --> 00:23:50,192
And you realize that they're playing both sides the entire time.

439
00:23:50,272 --> 00:23:51,772
So what was Steve Bannon's role?

440
00:23:51,772 --> 00:24:01,332
Steve Bannon's role was, hey, man, I have to be the guy who catches all the conservatives to figure out that the Russia, that Russiagate is was an operation, that the Russians aren't our enemies.

441
00:24:01,332 --> 00:24:02,452
And we got to catch those people.

442
00:24:02,512 --> 00:24:04,512
We got to we got to give them something else.

443
00:24:04,732 --> 00:24:06,372
So let's give them China.

444
00:24:06,552 --> 00:24:09,092
So that's Bannon was that was always Bannon's job.

445
00:24:09,332 --> 00:24:15,852
Bannon's job was catch all the conservatives that were that were that were starting to believe, you know, oh, well, Russia's not our enemy.

446
00:24:16,492 --> 00:24:17,872
Maybe Iran's got a point.

447
00:24:17,872 --> 00:24:23,112
They're not fully evil either, yada, yada, yada.

448
00:24:23,292 --> 00:24:30,852
But the minute that those people sort of wake up, they're still going to want to believe that America's under attack because they understand that there's something wrong.

449
00:24:31,132 --> 00:24:35,752
So then you conveniently give them China, and that's Steve Bannon's job.

450
00:24:35,872 --> 00:24:41,732
And you still get to feel intelligent because you moved from one state of ignorance to a new state of enlightenment.

451
00:24:41,952 --> 00:24:44,652
But you're still just caught in the matrix.

452
00:24:44,652 --> 00:24:58,432
The matrix is that, you know, from Europe's perspective, we don't give a shit whether Trump supporters hate Russia or hate China, as long as they hate one of them and or Iran, or even worse, Israel.

453
00:24:58,772 --> 00:25:00,332
Any of those people, it doesn't matter.

454
00:25:00,612 --> 00:25:04,092
You can use that to drive a wedge between them and Donald Trump.

455
00:25:04,392 --> 00:25:05,232
That's the goal.

456
00:25:05,952 --> 00:25:07,092
It's always the goal.

457
00:25:07,832 --> 00:25:08,992
It's to drive the wedge.

458
00:25:08,992 --> 00:25:12,632
Because if you drive the wedge, then you can splinter the base.

459
00:25:12,772 --> 00:25:14,352
You can splinter the voters.

460
00:25:14,652 --> 00:25:24,372
And you can use that strategically to then try and, you know, win elections or justify when you go to steal the election, why he lost.

461
00:25:24,832 --> 00:25:27,592
It's what they're doing to Viktor Orban over in Hungary right now.

462
00:25:27,812 --> 00:25:28,592
It's nothing new.

463
00:25:28,992 --> 00:25:33,372
It's what they do in every one of these consequential elections as they come up.

464
00:25:34,152 --> 00:25:37,852
So it's, you know, this is the way of the world, man.

465
00:25:38,092 --> 00:25:40,672
Like I can, you know, this is the world we live in.

466
00:25:40,672 --> 00:25:43,752
And it's all intelligence operations.

467
00:25:43,752 --> 00:25:48,472
And if you're confused by what's going on in the world, the confusion's the strategy.

468
00:25:48,632 --> 00:25:53,872
Because if you're confused and they've robbed you of your ability to think straight about who the real enemy is, they're winning.

469
00:25:54,092 --> 00:25:54,792
That's what I would do.

470
00:25:55,112 --> 00:25:57,772
If I wanted to stay in power, I would just set everybody against each other.

471
00:25:58,212 --> 00:25:59,392
So they don't have time to look at me.

472
00:25:59,632 --> 00:26:00,952
And I wouldn't put my face on television.

473
00:26:01,312 --> 00:26:09,532
So if I were the British, I would put an evil fucker like Bibi Netanyahu in charge of Israel over and over and over again

474
00:26:09,892 --> 00:26:13,572
to then commit freaking genocide in Gaza and throw the Israelis under the bus.

475
00:26:13,752 --> 00:26:15,712
Like, it's not difficult.

476
00:26:16,312 --> 00:26:18,992
The problem is for most people, we have a soul.

477
00:26:19,112 --> 00:26:20,132
We still have like our toes.

478
00:26:20,352 --> 00:26:23,692
As my friend Susan Gokinda likes to say, I got a toe left in humanity.

479
00:26:23,912 --> 00:26:26,292
I'm still dipping my toe in the pool of humanity.

480
00:26:27,052 --> 00:26:28,432
I would never do that.

481
00:26:28,872 --> 00:26:29,672
But they would.

482
00:26:29,672 --> 00:26:31,012
Because they really are that evil.

483
00:26:31,232 --> 00:26:32,272
And they really are that terrible.

484
00:26:33,212 --> 00:26:36,052
And so we have to figure out a way to beat these people.

485
00:26:36,832 --> 00:26:42,812
And the way you beat them is, you know, don't listen to fuckers like Steve Bannon or anybody in his orbit.

486
00:26:42,812 --> 00:26:47,352
because they hate, don't ever forget, they hate Donald Trump. And there's a reason why they hate

487
00:26:47,352 --> 00:26:53,072
him. They hate him because he knows who they are, what they've done, and what it'll take for us to

488
00:26:53,072 --> 00:26:57,112
win. And so they're going to do everything imaginable to stop it. I mean, they're parading

489
00:26:57,112 --> 00:27:02,052
Mitch McConnell around the Senate saying he's not going to vote. He's a no against the safe act.

490
00:27:02,492 --> 00:27:07,152
And Mitch McConnell doesn't even know where the jello is at this point. Mitch McConnell looks

491
00:27:07,152 --> 00:27:10,892
worse than Joe Biden did. At least every once in a while, they could drug Biden up and make him

492
00:27:10,892 --> 00:27:14,832
coherent for 20 minutes. I mean, I'm sorry, but the elder abuse needs to stop.

493
00:27:15,192 --> 00:27:19,532
I would say the younger abuse, because the elders are abusing us by staying in office.

494
00:27:19,872 --> 00:27:23,152
Well, I mean, yeah, I mean, there's that too. They are abusing us, right?

495
00:27:23,592 --> 00:27:28,612
But I get what you're saying. So in 2016, I got really interested in what was going on,

496
00:27:28,652 --> 00:27:33,752
and I was kind of diving into the Trump thing. I bought a couple books back then that I never

497
00:27:33,752 --> 00:27:39,232
really got to. One was a compendium, I think, of Trump interviews by Wayne Barrett from,

498
00:27:39,232 --> 00:27:40,532
I think the village voice.

499
00:27:40,532 --> 00:27:51,604
And another one was about Robert Maxwell I about 100 pages into that And I have a lot of questions about the Epstein file and I still black on some of the stuff you said

500
00:27:51,664 --> 00:27:53,804
but I don't want to get into it. I'm going to read these books.

501
00:27:54,544 --> 00:28:00,184
But what I am seeing, but I do want, I don't know who Roger Stone is.

502
00:28:00,224 --> 00:28:03,344
Maybe that's one name, but just we could bubble that for a second.

503
00:28:03,344 --> 00:28:06,724
He's got the big Nixon tattoo on his back.

504
00:28:06,844 --> 00:28:08,704
Kind of the reason I only bring up Roger Stone,

505
00:28:08,744 --> 00:28:10,404
because he's a weird one like Steve Bannon,

506
00:28:10,404 --> 00:28:12,544
but the Nixon tattoo, and we're learning a lot about Nixon

507
00:28:12,544 --> 00:28:14,744
in this era, it seems like.

508
00:28:15,344 --> 00:28:15,924
We are.

509
00:28:17,604 --> 00:28:23,264
Roger Stone is a guy I never wanted to pay any mind to Roger Stone.

510
00:28:23,384 --> 00:28:24,964
I always thought he was a little bit of a...

511
00:28:24,964 --> 00:28:26,244
They all...

512
00:28:26,244 --> 00:28:29,364
Honestly, to be honest with you, Stedrick,

513
00:28:29,484 --> 00:28:32,284
after Banning got bounced from the administration,

514
00:28:32,724 --> 00:28:34,844
I'm like, well, Trump probably had a good reason for it,

515
00:28:35,084 --> 00:28:36,804
and it turns out that he did, obviously.

516
00:28:37,264 --> 00:28:38,584
I just didn't pay him any mind.

517
00:28:38,584 --> 00:28:39,784
I never watched The War Room.

518
00:28:40,404 --> 00:28:42,404
I never watched any of the people that were in his orbit.

519
00:28:42,524 --> 00:28:43,364
I just didn't care.

520
00:28:43,684 --> 00:28:44,844
I just thought he was, okay, whatever.

521
00:28:44,944 --> 00:28:45,464
He's Steve Bannon.

522
00:28:45,584 --> 00:28:46,324
He's like doing that.

523
00:28:46,584 --> 00:28:50,064
Yeah, I know he's out there doing some damn thing, and he's railing about China, whatever.

524
00:28:50,504 --> 00:28:51,964
I didn't think he was important.

525
00:28:52,544 --> 00:28:56,904
Turns out, you know, he was prepping this ground, right?

526
00:28:57,864 --> 00:29:01,984
Roger Stone had a really interesting couple of tweets about Bannon in the last couple of days.

527
00:29:01,984 --> 00:29:07,004
I hadn't given Roger Stone a second thought in, I don't know, seven years, right?

528
00:29:07,004 --> 00:29:16,824
But Roger was making a very, very cogent case about how Bannon had outed himself in all of the, especially relative to his, Roger's testimony.

529
00:29:17,324 --> 00:29:23,664
And when Roger went to jail and, you know, how Bannon basically stabbed him in the back.

530
00:29:24,124 --> 00:29:25,924
And he's like, that was a tell, guys.

531
00:29:26,084 --> 00:29:28,004
Everybody thought it was crazy, but that was a tell.

532
00:29:28,004 --> 00:29:37,464
When Bannon went to jail for contempt of Congress for not wanting to talk to the J6 Select Committee,

533
00:29:37,644 --> 00:29:44,584
Roger Stone pointed out, Trump was like, dude, I will hand them the information about you so you can go and testify.

534
00:29:45,004 --> 00:29:46,944
They won't learn anything they don't already know.

535
00:29:47,284 --> 00:29:50,644
And Bannon turned him down and decided to go to jail instead.

536
00:29:51,184 --> 00:29:52,244
Now, why did he do that?

537
00:29:52,884 --> 00:29:54,184
Cover for status, dude.

538
00:29:55,344 --> 00:29:57,484
Ian Burlingame, cover for status.

539
00:29:58,004 --> 00:30:06,424
He gets to cover himself and now have a martyr come and then have the martyr persona to say, I went to jail for Trump.

540
00:30:06,524 --> 00:30:10,324
And all of his dudes are out there on Twitter all day long going, how can Bannon be the bad guy?

541
00:30:10,444 --> 00:30:12,624
He went to jail for Trump.

542
00:30:12,624 --> 00:30:17,764
No, he went to jail over not talking to the J6 committee.

543
00:30:18,164 --> 00:30:19,804
That is fundamentally different.

544
00:30:20,204 --> 00:30:24,284
You can retcon history all you want, but this is what he did.

545
00:30:24,564 --> 00:30:27,484
He didn't go to jail for Trump at all.

546
00:30:27,484 --> 00:30:39,624
Trump wasn't even speaking to that bastard at that point, but he was still willing to, as always, you know, the Trump was always much more magnanimous than he had any right to be.

547
00:30:40,004 --> 00:30:44,524
You know, nine times out of ten, everything, all the terrible things they say about Donald Trump, it's really funny.

548
00:30:44,724 --> 00:30:51,324
He turns out that he's always far more generous to even to his enemies than anybody ever gives him credit for.

549
00:30:51,384 --> 00:30:52,884
They never say anything nice about him.

550
00:30:53,564 --> 00:30:56,044
They just use him and then abuse him.

551
00:30:56,044 --> 00:30:59,924
because they know they have the media in their back pocket.

552
00:31:00,004 --> 00:31:00,904
They know they have celebrities.

553
00:31:01,064 --> 00:31:03,904
They know they have social media and everybody else,

554
00:31:03,984 --> 00:31:05,004
and we'll just pile on.

555
00:31:05,124 --> 00:31:08,264
Because, again, if everybody hates you in politics,

556
00:31:08,504 --> 00:31:10,044
you're probably the good guy.

557
00:31:10,504 --> 00:31:13,464
You're not necessarily the good guy, but you probably are.

558
00:31:13,664 --> 00:31:15,304
And, oh, by the way, bringing up Nixon.

559
00:31:15,704 --> 00:31:17,164
Nixon was bounced out of power.

560
00:31:17,164 --> 00:31:21,184
I was chatting with Susan Gokinda about this the other day,

561
00:31:21,244 --> 00:31:23,844
and she was there in the 70s.

562
00:31:23,844 --> 00:31:26,564
She testified for Nixon, right?

563
00:31:26,804 --> 00:31:32,564
She said, no, Nixon was thrown out of power for closing the gold window, for stopping the looting of the American Treasury.

564
00:31:32,824 --> 00:31:40,064
And so he protected what was left of the U.S. gold reserves by cutting off gold convertibility and handing the gold to the Federal Reserve.

565
00:31:40,324 --> 00:31:42,144
That's how they fixed it.

566
00:31:42,804 --> 00:31:44,504
And that's a compelling argument.

567
00:31:44,604 --> 00:31:52,024
And it's a hard argument for libertarians and hard money guys to accept that.

568
00:31:52,024 --> 00:31:54,904
And it's funny, I was chatting with Peter St. Andrew about this yesterday.

569
00:31:56,044 --> 00:31:57,944
I'll put the podcast out probably tomorrow.

570
00:31:58,524 --> 00:32:01,384
And I brought this up to him, and I could see it on his face.

571
00:32:01,444 --> 00:32:01,884
It's an audio.

572
00:32:02,044 --> 00:32:04,704
You know, my podcast is audio only, but I could see it on his face.

573
00:32:04,744 --> 00:32:07,404
He's like, I'm having a really hard time believing this.

574
00:32:07,464 --> 00:32:08,904
I'm like, you don't have to believe it, Peter.

575
00:32:08,904 --> 00:32:10,984
All you got to do is consider it.

576
00:32:11,244 --> 00:32:14,004
Come back to me in a few months after you've thought about it a little bit.

577
00:32:14,184 --> 00:32:17,744
I'm putting it out there as an idea for you to think about.

578
00:32:17,744 --> 00:32:27,284
And, you know, but I've gotten to the point now where I think that Nixon, that was the last act of defense to stop the looting of the American Treasury.

579
00:32:27,744 --> 00:32:39,064
I wrote about it last month in the newsletter, and I was able to find a good chart of, an accurate chart of U.S. gold reserves from 1940 to the present, right?

580
00:32:39,544 --> 00:32:45,824
And the important period, of course, is from 1940 to 1971, because after 1971, they don't move very much.

581
00:32:45,824 --> 00:32:49,704
A little bit of gold has flowed out to, you know, mint coins and stuff like that.

582
00:32:49,724 --> 00:32:55,644
But for the most part, you know, we've had 8,133.5 tons of gold on the balance sheet since then.

583
00:32:55,844 --> 00:33:06,284
And, you know, we lost over two-thirds or just about two-thirds of our gold reserves from their peak between the year of 1950 to 1971.

584
00:33:06,844 --> 00:33:11,164
United States had 23,000 tons of gold in its reserves in 1950.

585
00:33:11,984 --> 00:33:14,524
I didn't even think about how much silver we had.

586
00:33:15,164 --> 00:33:17,304
Because remember, at that point, silver was still money.

587
00:33:18,204 --> 00:33:20,984
A coinage in 1950 was still 90% silver.

588
00:33:21,304 --> 00:33:22,244
So think about that.

589
00:33:23,084 --> 00:33:24,164
Think about it.

590
00:33:24,624 --> 00:33:33,204
The U.S. Treasury getting rid of its silver was one of the greatest dishoarding operations in human history.

591
00:33:33,204 --> 00:33:36,424
So you think about that and you're like, wow.

592
00:33:37,264 --> 00:33:41,624
Bretton Woods was designed to watch the gold flow out of the Treasury.

593
00:33:42,444 --> 00:33:46,744
And while everybody now likes to retcon history and say,

594
00:33:46,844 --> 00:33:50,184
well, the United States was given the exorbitant privilege of being the global reserve currency,

595
00:33:50,184 --> 00:33:53,404
which we were not until after 1971,

596
00:33:53,584 --> 00:33:58,184
really when we were the global reserve currency until the 1980s.

597
00:33:58,884 --> 00:34:02,644
I mean, the U.S. dollar reserve standard didn't really start until after Paul Volcker

598
00:34:02,644 --> 00:34:06,084
raised interest rates to 20%,

599
00:34:06,084 --> 00:34:08,944
and gold rectified the balance sheet,

600
00:34:09,064 --> 00:34:10,024
the debt to the reserves.

601
00:34:10,804 --> 00:34:11,864
It wasn't until that point

602
00:34:11,864 --> 00:34:13,104
that we actually had a dollar reserve.

603
00:34:13,284 --> 00:34:15,844
And then, that was 1980, what?

604
00:34:16,184 --> 00:34:17,084
That was like 1980.

605
00:34:17,244 --> 00:34:20,044
By the time the recession was over, 1983,

606
00:34:20,484 --> 00:34:23,364
1984, LIBOR becomes the debt indexing rate of the world.

607
00:34:23,944 --> 00:34:26,444
Positive accord, the G5 gets together

608
00:34:26,444 --> 00:34:28,304
at the positive accord in 1985

609
00:34:28,304 --> 00:34:30,264
to start breaking exchange rates.

610
00:34:30,264 --> 00:34:36,264
I want to ask the audience a very simple question.

611
00:34:36,544 --> 00:34:42,104
So when you look at it that way, do you really think the United States was ever really in control of its own monetary policy?

612
00:34:42,304 --> 00:34:45,064
Do you really think we were ever really in control then of our own fiscal policy?

613
00:34:45,464 --> 00:34:59,344
And then if that were the case and all the money was flowing overseas, why wouldn't you think that that money would then go to buy our politicians while we start adopting all of this European regulation about, you know, clean air?

614
00:35:00,264 --> 00:35:04,604
equal rights, all the voting rights stuff, all this Civil Rights Act, all this crap.

615
00:35:04,984 --> 00:35:08,024
And then, don't get me wrong, it's not that I don't think that black people should vote.

616
00:35:08,084 --> 00:35:08,604
Of course I do.

617
00:35:08,664 --> 00:35:09,504
That's not what I'm getting at.

618
00:35:09,724 --> 00:35:16,764
But so many of these acts are far beyond these pieces of legislation, the Clean Air Act and

619
00:35:16,764 --> 00:35:25,904
all of this, all far beyond its reach than how it was sold to us and how we want to describe

620
00:35:25,904 --> 00:35:27,564
its original intention.

621
00:35:27,564 --> 00:35:36,064
The intention of these things was to destroy the rule of law, the construction of the Constitution, the balance of powers and everything else.

622
00:35:36,184 --> 00:35:47,504
It was to hand power to the legislature or hand power to the president that it shouldn't have and hand executive power to the legislature that it shouldn't have or to the judiciary that it shouldn't have and destroy the separation of powers.

623
00:35:47,744 --> 00:35:55,844
Because if you're going to destroy the country, you have to destroy the political system on which the country is based, which is the founding document.

624
00:35:55,844 --> 00:36:07,444
So you have to then have a party, one of the two major parties, be unconscionably hostile to a constructive read of the Constitution.

625
00:36:07,984 --> 00:36:14,264
That means making sure that you put shitbag communists on the Supreme Court and at an end, right?

626
00:36:15,064 --> 00:36:20,704
So understand that it's like, I don't know, man.

627
00:36:21,104 --> 00:36:24,784
The fucking British have been trying to overtake Russia for 300 years.

628
00:36:24,784 --> 00:36:31,704
Why wouldn't they be having tried to take over the United States for the last 110, 120, when they finally stopped fighting us?

629
00:36:32,024 --> 00:36:34,404
I mean, that would be after Reconstruction, right?

630
00:36:35,064 --> 00:36:36,404
They finally just stopped fighting us.

631
00:36:37,144 --> 00:36:42,824
No, then they just started buying our politicians, and then they got Woodrow Wilson elected in 1912.

632
00:36:43,904 --> 00:36:51,624
And then miraculously, we got, you know, direct election of senators, the Federal Reserve, and the 16th Amendment, and the income tax the very next year.

633
00:36:51,624 --> 00:36:55,844
and somehow we wound up fighting two world wars

634
00:36:55,844 --> 00:36:58,284
to bail the British and the French

635
00:36:58,284 --> 00:37:00,384
out of their friggin' bullshit

636
00:37:00,384 --> 00:37:03,824
and after both of those world wars

637
00:37:03,824 --> 00:37:07,724
the price of gold was reset to the pre-war value

638
00:37:07,724 --> 00:37:11,104
both times creating a massive deflationary waves

639
00:37:11,104 --> 00:37:14,224
and gold flowed toward the old country

640
00:37:14,224 --> 00:37:16,184
and away from everywhere else

641
00:37:16,184 --> 00:37:17,784
the more I study this stuff, Cedric

642
00:37:17,784 --> 00:37:21,604
the more I see it all as one big goddamn British plot

643
00:37:21,604 --> 00:37:23,124
and just bothers me to no end.

644
00:37:23,964 --> 00:37:24,724
Like, it does.

645
00:37:24,884 --> 00:37:25,364
It bothers me.

646
00:37:25,624 --> 00:37:27,224
It, it, it, oh.

647
00:37:28,344 --> 00:37:29,724
Like, I, if, you know,

648
00:37:29,844 --> 00:37:32,084
you know, the whole fight club thing, right?

649
00:37:32,124 --> 00:37:33,004
For years I used to say,

650
00:37:33,084 --> 00:37:34,004
well, if you could fight one person,

651
00:37:34,064 --> 00:37:34,564
who would you fight?

652
00:37:34,744 --> 00:37:35,824
I used to say Milton Friedman

653
00:37:35,824 --> 00:37:36,484
because, you know,

654
00:37:36,524 --> 00:37:38,084
he was the libertarian in wolf's clothing.

655
00:37:38,344 --> 00:37:39,564
He was, because he wasn't a libertarian.

656
00:37:39,964 --> 00:37:41,804
Like, no, he just, you know,

657
00:37:41,864 --> 00:37:43,164
he's the free marketeer in wolf's clothing.

658
00:37:43,184 --> 00:37:43,504
No, no, no.

659
00:37:43,504 --> 00:37:44,804
If I could fight one dude,

660
00:37:44,904 --> 00:37:45,664
I'd fight Churchill.

661
00:37:46,464 --> 00:37:47,884
I'd beat Churchill until he,

662
00:37:48,064 --> 00:37:50,964
I'd beat Churchill until I shoved that cigar

663
00:37:50,964 --> 00:37:52,104
right down his fucking throat.

664
00:37:52,524 --> 00:37:58,044
Because that cocksucker needs a revaluing in history.

665
00:37:58,304 --> 00:38:00,664
That cocksucker is one of the biggest fucking mass murderers.

666
00:38:00,724 --> 00:38:03,464
He's a bigger mass murderer because of him, we got Stalin.

667
00:38:03,564 --> 00:38:04,644
Because of him, we got Hitler.

668
00:38:04,944 --> 00:38:07,144
Because of British ambitions to take over Russia,

669
00:38:07,844 --> 00:38:10,224
we fought two world wars for that.

670
00:38:10,484 --> 00:38:13,304
We watched Eastern Europe be under Stalin's thumb

671
00:38:13,304 --> 00:38:15,264
for 70 years in the goddamn Cold War.

672
00:38:15,784 --> 00:38:16,784
Fuck Churchill.

673
00:38:17,444 --> 00:38:20,724
And fuck all this limey history.

674
00:38:20,724 --> 00:38:22,284
I'm just so fucking over it.

675
00:38:23,384 --> 00:38:26,724
So it's time for everybody to just lay their cards on the table and go,

676
00:38:26,764 --> 00:38:27,184
you know what?

677
00:38:27,264 --> 00:38:30,284
Yeah, I'm no longer, I am, I'm not a libertarian anymore.

678
00:38:30,584 --> 00:38:31,404
Fuck you, it's war.

679
00:38:31,484 --> 00:38:34,284
There are no libertarians and there are no goddamn atheists and foxholes.

680
00:38:34,584 --> 00:38:36,584
Let's go kill these motherfuckers and be done with it.

681
00:38:37,004 --> 00:38:38,684
Metaphorically speaking, of course, because we're on YouTube.

682
00:38:39,504 --> 00:38:42,964
Like, and I mean this, you know, and how do you beat them?

683
00:38:42,984 --> 00:38:43,804
You beat them financially.

684
00:38:43,924 --> 00:38:44,644
You beat them politically.

685
00:38:45,124 --> 00:38:46,184
You don't go to war with them.

686
00:38:46,204 --> 00:38:47,064
You don't need to kill them.

687
00:38:47,184 --> 00:38:50,664
Like, you killed them by taking away their money, by taking away their power.

688
00:38:50,724 --> 00:38:54,444
by taking away their ability and their access to it in the future.

689
00:38:54,724 --> 00:38:55,664
That's how you do it.

690
00:38:55,984 --> 00:38:58,484
And that's a very, very difficult task.

691
00:38:59,064 --> 00:39:00,764
And that's what Scott Bessent is for.

692
00:39:01,784 --> 00:39:03,224
Because Scott Bessent used to work for them.

693
00:39:03,524 --> 00:39:04,744
And Scott Bessent knows how to do it.

694
00:39:05,024 --> 00:39:08,704
And so I choose to live in a world, maybe I'm Pollyanna,

695
00:39:08,824 --> 00:39:12,804
but I choose to live in a world where bad men can become,

696
00:39:13,444 --> 00:39:15,504
can have a third act in their life.

697
00:39:16,364 --> 00:39:17,824
Like I don't think, for example,

698
00:39:17,824 --> 00:39:20,504
I don't think Donald Trump was a good guy when he was younger.

699
00:39:20,504 --> 00:39:22,864
I don't think Scott Bissett was a good guy when he was younger.

700
00:39:23,104 --> 00:39:25,804
I think they were, you know, they were assholes.

701
00:39:26,304 --> 00:39:30,064
They did whatever they, they did what they wanted and then they did bad things.

702
00:39:30,064 --> 00:39:34,724
And I can also, you know, I, when I started getting into all of this stuff, this, all

703
00:39:34,724 --> 00:39:39,564
this politics stuff, I remember reading Jim Sinclair, that jazz mindset, right?

704
00:39:39,644 --> 00:39:40,604
Mr. Gold, Jim Sinclair.

705
00:39:41,524 --> 00:39:44,344
I remember reading that blog every day.

706
00:39:44,864 --> 00:39:48,004
When I got up in the morning, the first thing I read every, the first thing I did every day

707
00:39:48,004 --> 00:39:50,304
was check to see if Jim had written a new post.

708
00:39:50,504 --> 00:39:53,564
I mean, years I did this.

709
00:39:53,904 --> 00:39:56,224
Lou Rockwell, J.S. Mindset,

710
00:39:56,404 --> 00:39:57,864
and eventually when Zero Hedge hit the scene,

711
00:39:57,984 --> 00:39:58,864
I started reading Zero Hedge.

712
00:39:59,144 --> 00:40:02,444
And when I read of Jim, it was very clear to me.

713
00:40:02,704 --> 00:40:05,344
Jim was a, you know, he was an amoral trader.

714
00:40:05,724 --> 00:40:07,844
He was a, you know, he was one of those guys

715
00:40:07,844 --> 00:40:10,604
who in his third act of his life went,

716
00:40:10,944 --> 00:40:12,304
I'm going to spill the beans on how

717
00:40:12,304 --> 00:40:14,584
the whole rotten system operates.

718
00:40:15,344 --> 00:40:18,144
I'm going to teach everybody how this stuff works,

719
00:40:18,144 --> 00:40:19,804
how the financing works.

720
00:40:20,064 --> 00:40:22,684
For example, in the gold industry and all of this stuff.

721
00:40:23,264 --> 00:40:23,684
And he did.

722
00:40:24,264 --> 00:40:28,804
And, you know, it doesn't matter whether you were a good man or a bad man when you were younger.

723
00:40:30,124 --> 00:40:32,624
You know, ask yourself that age-old question.

724
00:40:32,764 --> 00:40:35,624
You know, if you believe that you're a Christian, well, then you believe in forgiveness.

725
00:40:36,184 --> 00:40:37,124
You believe in atonement.

726
00:40:38,104 --> 00:40:39,404
You believe in redemption.

727
00:40:40,044 --> 00:40:47,024
I'm not saying I am or I'm not because my spirituality is incredibly confused, right?

728
00:40:47,024 --> 00:40:50,864
but I'm at least willing to entertain the idea.

729
00:40:51,004 --> 00:40:53,344
And I like a good redemption story like anybody else.

730
00:40:53,604 --> 00:40:56,924
So, hey, why don't we have that conversation?

731
00:40:57,044 --> 00:40:58,644
So if I can believe it about Jim Sinclair,

732
00:40:58,824 --> 00:41:00,424
I can certainly believe it about Donald Trump.

733
00:41:00,844 --> 00:41:02,424
I can certainly believe it about Scott Besson.

734
00:41:02,644 --> 00:41:04,064
I can believe it about other people as well.

735
00:41:04,204 --> 00:41:06,324
I can even believe that the intersection

736
00:41:06,324 --> 00:41:10,784
of their personal arcs with other people

737
00:41:10,784 --> 00:41:16,944
wanting to just survive what is a terrible environment

738
00:41:16,944 --> 00:41:19,684
you get some of the things that we've seen.

739
00:41:19,684 --> 00:41:23,544
Like, for example, I don't like the New York Money Center

740
00:41:23,544 --> 00:41:26,164
banks any more than anybody else does, right?

741
00:41:26,164 --> 00:41:29,084
Like, do you think I like Jamie Dimon, J.P. Morgan?

742
00:41:29,084 --> 00:41:30,724
Do you think I think he's a good guy?

743
00:41:30,724 --> 00:41:34,004
But if Dimon is CEO of J.P. Morgan,

744
00:41:34,004 --> 00:41:47,356
his job is to run J Morgan Therefore if there an existential threat to J Morgan then I should expect Jamie Diamond to go out there and defend JP Morgan right Well central bank digital currencies are

745
00:41:47,356 --> 00:41:54,656
an existential threat to all commercial banks. So I don't have to ascribe noble intentions

746
00:41:54,656 --> 00:42:00,276
to Jamie Diamond, JP Morgan, or John Solomon and Goldman Sachs or anybody else, right?

747
00:42:01,276 --> 00:42:02,916
Even Larry Fink over at BlackRock.

748
00:42:03,136 --> 00:42:03,716
As a matter of fact,

749
00:42:04,276 --> 00:42:05,536
what did we see at Davos this year?

750
00:42:06,336 --> 00:42:08,216
The co-chair of the WEF,

751
00:42:08,396 --> 00:42:09,536
the CEO of BlackRock,

752
00:42:09,656 --> 00:42:10,376
Mr. Larry Fink,

753
00:42:10,516 --> 00:42:12,236
Mr. Darkside himself,

754
00:42:13,036 --> 00:42:14,416
Mr. Sheev Palpatine

755
00:42:14,416 --> 00:42:16,036
of the 21st century himself,

756
00:42:16,276 --> 00:42:19,036
knuckled under and sued for peace

757
00:42:19,036 --> 00:42:20,356
with the Trump administration.

758
00:42:20,776 --> 00:42:22,076
Said, yep, globalism's failed.

759
00:42:22,296 --> 00:42:23,296
We've got to change our ways.

760
00:42:23,536 --> 00:42:23,776
Why?

761
00:42:24,196 --> 00:42:24,996
Because BlackRock,

762
00:42:25,276 --> 00:42:25,856
at the end of the day,

763
00:42:25,876 --> 00:42:26,536
is what I always said.

764
00:42:26,576 --> 00:42:28,036
It's a $65 billion company

765
00:42:28,036 --> 00:42:29,396
in terms of shareholder equity

766
00:42:29,396 --> 00:42:30,776
or $80 billion, whatever the hell it is.

767
00:42:30,776 --> 00:42:32,516
It's less than $100 billion in shareholder equity.

768
00:42:32,596 --> 00:42:33,516
So it's not a very big company.

769
00:42:33,676 --> 00:42:36,296
It means it's very, very vulnerable to somebody going,

770
00:42:36,376 --> 00:42:36,676
you know what?

771
00:42:38,296 --> 00:42:40,176
Yeah, you don't exist anymore, right?

772
00:42:40,576 --> 00:42:43,936
And I'm sure that got that talk from either Scott Besson

773
00:42:43,936 --> 00:42:46,416
or Lutnick or someone on the Trump team.

774
00:42:46,576 --> 00:42:48,496
Like, look, dude, nope.

775
00:42:48,496 --> 00:42:50,716
I remember for a long time when I first started talking

776
00:42:50,716 --> 00:42:54,876
about this idea that Powell was stealth tightening

777
00:42:54,876 --> 00:42:56,596
and SOFR versus LIBOR and all that.

778
00:42:56,636 --> 00:42:59,376
So very early on, I remember a couple of guys

779
00:42:59,376 --> 00:43:01,696
just coming after me day in and day out on Twitter going,

780
00:43:01,836 --> 00:43:07,036
then why did Larry Fink go to see Jay Powell seven fucking times

781
00:43:07,036 --> 00:43:08,256
if not to tell Powell what to do?

782
00:43:08,296 --> 00:43:08,996
I'm like, really?

783
00:43:09,256 --> 00:43:13,896
You believe that Larry Fink can tell the Fed chairman what to do?

784
00:43:14,096 --> 00:43:17,336
Don't think that might have been Fink going hat in hand to Powell going,

785
00:43:17,476 --> 00:43:19,976
how do I not die here?

786
00:43:20,216 --> 00:43:21,636
No, it had to be the other way around.

787
00:43:22,376 --> 00:43:23,936
That's what black pilling really is.

788
00:43:23,936 --> 00:43:27,736
If you're not willing to at least put the script and ask a question

789
00:43:27,736 --> 00:43:30,896
and give both sides the do.

790
00:43:31,236 --> 00:43:33,636
You say one guy is the master of the universe.

791
00:43:33,856 --> 00:43:35,856
Well, but one guy has real power

792
00:43:35,856 --> 00:43:37,276
and the other guy has the pretense of power.

793
00:43:37,456 --> 00:43:38,916
I'm going with the guy who has real power.

794
00:43:40,096 --> 00:43:40,536
Right?

795
00:43:41,216 --> 00:43:42,676
When it comes to Bitcoin,

796
00:43:43,016 --> 00:43:44,056
the rules are simple.

797
00:43:44,636 --> 00:43:45,676
Run your own node,

798
00:43:46,136 --> 00:43:47,216
hold your own keys,

799
00:43:47,456 --> 00:43:49,016
and protect your seed phrase.

800
00:43:49,476 --> 00:43:51,436
That's where MicroSeed comes in.

801
00:43:52,016 --> 00:43:53,476
Unlike bulky backups,

802
00:43:54,016 --> 00:43:56,676
MicroSeed is stamped onto a tiny steel washer.

803
00:43:57,396 --> 00:44:02,976
Fireproof, waterproof, and so small you can carry it anywhere or hide it in plain sight.

804
00:44:03,516 --> 00:44:08,636
Go to microc.io and use the code MATRIX for a discount on your order.

805
00:44:10,296 --> 00:44:12,236
Well, Powell's an interesting name.

806
00:44:12,896 --> 00:44:15,276
So, or, you know, sort of player on the board.

807
00:44:15,636 --> 00:44:20,776
So, you know, in my lifetime, there's been, you know, only a few kind of mega events.

808
00:44:20,776 --> 00:44:23,676
A lot of the events you talked about were prior to my life.

809
00:44:23,676 --> 00:44:27,756
sort of Brenton Woods, the Nixon shock.

810
00:44:28,796 --> 00:44:30,756
So, you know, and it seems like we're coming,

811
00:44:31,276 --> 00:44:34,476
it seems like we're on the cusp of a lot of change

812
00:44:34,476 --> 00:44:37,736
across a lot of sectors where one of these sectors

813
00:44:37,736 --> 00:44:39,656
would be radical change in and of itself.

814
00:44:39,656 --> 00:44:44,856
So AI, you know, I'm not saying that the equities are great,

815
00:44:44,976 --> 00:44:46,916
are properly represented in the markets

816
00:44:46,916 --> 00:44:50,956
and nothing's overvalued, but I think it can be rapid change

817
00:44:50,956 --> 00:44:52,976
like the way the internet was rapid change.

818
00:44:52,976 --> 00:44:59,776
by the way i think bitcoin is rapid change and so these technological developments are built on top

819
00:44:59,776 --> 00:45:04,336
of other tech so it's like it gets faster and faster maybe the way they're coming more often

820
00:45:04,336 --> 00:45:10,396
but ai seems to be big uh it seems like the radical change in money right now gold silver

821
00:45:10,396 --> 00:45:18,016
skyrocketing tremendous volatility for sort of your stable assets or things that are sort of

822
00:45:18,016 --> 00:45:24,576
known as inflation hedges, Bitcoin going through rapid sort of overhaul transformation in terms of

823
00:45:24,576 --> 00:45:31,416
the eyes of institutions and governments, stable coins, CBDCs, you know, the Federal Reserve,

824
00:45:31,816 --> 00:45:37,836
and then also geopolitics. It feels like there could be a color revolution percolating here in

825
00:45:37,836 --> 00:45:44,076
the States or sort of like they want to try. They certainly want to try. Seems like that could be

826
00:45:44,076 --> 00:45:46,096
on the edge of things. And then

827
00:45:46,096 --> 00:45:48,196
for me, it's not even

828
00:45:48,196 --> 00:45:50,296
you know, it's not even to Trump, but Trump

829
00:45:50,296 --> 00:45:52,356
did the Venezuela thing

830
00:45:52,356 --> 00:45:54,676
and just that was sort of

831
00:45:54,676 --> 00:45:56,336
I didn't feel that way since

832
00:45:56,336 --> 00:45:58,316
maybe like Kuwait, you know,

833
00:45:58,336 --> 00:46:00,316
in terms of, yeah, it didn't, it felt

834
00:46:00,316 --> 00:46:02,176
bigger or like, wow.

835
00:46:02,356 --> 00:46:04,016
I didn't see that at all.

836
00:46:04,136 --> 00:46:05,116
I mean, I think

837
00:46:05,116 --> 00:46:08,276
Venezuela is important, but I don't think it's

838
00:46:08,276 --> 00:46:09,596
as, I don't think it's as

839
00:46:09,596 --> 00:46:11,336
earth shattering as Kuwait.

840
00:46:11,816 --> 00:46:13,756
I mean, in the same, okay,

841
00:46:13,756 --> 00:46:20,956
on the same way only not on the same way for sure uh and it wasn't as sort of a wide of a of a

842
00:46:20,956 --> 00:46:27,016
military or a big military conflict but i mean in terms of uh combined with the rhetoric around

843
00:46:27,016 --> 00:46:33,996
greenland and uh different things happening and sort of the the way that mission went down and

844
00:46:33,996 --> 00:46:39,256
was sort of portrayed in the news i i would i don't know how any any other country feels they

845
00:46:39,256 --> 00:46:44,356
sovereignty okay let's let's let's unpack this real quick this is not hard okay

846
00:46:44,356 --> 00:46:48,316
then as well I did a great podcast with Blaine Holt about this one and it's like

847
00:46:48,316 --> 00:46:54,196
you know and I've created a meme for it it's like a bit of the globe with a big

848
00:46:54,196 --> 00:47:01,156
post-it note on it and Venezuela means a B C D E or all of the above it's all of

849
00:47:01,156 --> 00:47:08,056
the above so Venezuela wasn't about oil necessarily wasn't about voter fraud

850
00:47:08,056 --> 00:47:14,416
necessarily. It wasn't about drugs necessarily. It wasn't about the axis of resistance necessarily.

851
00:47:14,716 --> 00:47:21,976
It wasn't about China. It wasn't about Russia. It was about all of them. Okay. Maduro, what Trump

852
00:47:21,976 --> 00:47:30,676
did was quite actually savvy because Venezuela represents a kind of nodal point on the organized

853
00:47:30,676 --> 00:47:37,196
crime network around the world. And that organized crime network is, again, goes back to the city of

854
00:47:37,196 --> 00:47:41,156
London. And if you think I'm crazy about that, you should have Matt Arad on the show for two

855
00:47:41,156 --> 00:47:46,456
hours and let Matt talk for two hours straight and explain to you how deep the city of London

856
00:47:46,456 --> 00:47:53,276
and the crown are embedded in global organized crime, along with the Canadian banks and a variety

857
00:47:53,276 --> 00:48:00,496
of other people. We had Matt on the podcast a year and a half ago. Myself, he and Dexter White

858
00:48:00,496 --> 00:48:05,756
sat down for a 90-minute conversation, which was illuminating. And I will just say that I haven't

859
00:48:05,756 --> 00:48:11,016
spoken to Matty very often since then, not for any other reason that we're both busy. And I keep

860
00:48:11,016 --> 00:48:14,436
meaning to ask him back on the podcast and have another chat with him. I'm going to see him up

861
00:48:14,436 --> 00:48:20,996
in Cornerstone when we do that up in Calgary. He'll be there. But that's a very big subplot

862
00:48:20,996 --> 00:48:28,976
in Venezuela. Venezuela was not a sovereign nation. Venezuela with Maduro at the top.

863
00:48:29,976 --> 00:48:32,116
Yeah, he was in charge of the civilian government,

864
00:48:32,676 --> 00:48:34,436
but he wasn't running anything.

865
00:48:35,076 --> 00:48:37,076
The organized crime layer underneath him,

866
00:48:37,136 --> 00:48:38,756
the intelligence services, the organized crime,

867
00:48:38,816 --> 00:48:40,896
and everything else, that's what actually ran the country.

868
00:48:41,576 --> 00:48:44,496
And Maduro was the guy sitting at the top of that,

869
00:48:45,176 --> 00:48:46,016
managing all of that.

870
00:48:46,676 --> 00:48:49,456
And also, in many ways, a puppet.

871
00:48:49,456 --> 00:48:53,696
I would argue the same exists for, to a lesser extent,

872
00:48:54,016 --> 00:48:54,836
the mullahs in Iran.

873
00:48:55,776 --> 00:48:56,376
Same thing.

874
00:48:56,376 --> 00:49:05,616
A lot of cash flows through organized crime, be it the drugs or the women or the kids or the oil or whatever.

875
00:49:05,856 --> 00:49:07,616
And that funds terror networks around the world.

876
00:49:08,116 --> 00:49:17,516
Because in order to fund ISIS or the Axis of Resistance or the militant wing of Hezbollah, not the civilian governorship.

877
00:49:18,036 --> 00:49:23,276
Remember, there's Hamas and then there's the Hamas fighters and there's Hezbollah and there's the Hezbollah fighters.

878
00:49:23,276 --> 00:49:26,356
Those organizations themselves are not monoliths.

879
00:49:26,376 --> 00:49:30,256
though everybody would like to turn them into monoliths.

880
00:49:30,436 --> 00:49:30,936
They're not.

881
00:49:31,336 --> 00:49:33,836
Hezbollah, as a civilian organization,

882
00:49:34,196 --> 00:49:34,876
is reasonable.

883
00:49:35,796 --> 00:49:41,776
And it's not nearly as bad as the military armament.

884
00:49:42,096 --> 00:49:44,816
The access and resistance strategy coming out of Iran

885
00:49:44,816 --> 00:49:46,636
goes all the way back to City of London.

886
00:49:47,496 --> 00:49:48,176
Don't kid yourself.

887
00:49:49,536 --> 00:49:52,556
So what Venezuela was about

888
00:49:52,556 --> 00:49:54,436
was about knocking out Maduro

889
00:49:54,436 --> 00:50:00,236
and knocking out a lot of those that were there.

890
00:50:00,316 --> 00:50:01,836
And there were people killed in Venezuela,

891
00:50:02,116 --> 00:50:03,156
and they were knocked out.

892
00:50:03,236 --> 00:50:05,196
And to actually allow the civilian government

893
00:50:05,196 --> 00:50:07,576
to start operating again.

894
00:50:07,896 --> 00:50:10,696
We didn't go in and do a regime change operation in there.

895
00:50:11,176 --> 00:50:11,676
We didn't.

896
00:50:12,036 --> 00:50:14,116
We walked in, we nabbed Maduro,

897
00:50:14,116 --> 00:50:17,316
we killed a bunch of his cronies,

898
00:50:17,456 --> 00:50:20,496
keeping the country under wraps,

899
00:50:20,496 --> 00:50:26,796
And we're allowing Delce Rodriguez to now to help Delce Rodriguez actually get control of the country.

900
00:50:27,116 --> 00:50:29,556
Everybody in Venezuela apparently is a lot happier.

901
00:50:29,696 --> 00:50:31,656
I'm not saying it's perfect, but it's going to get better.

902
00:50:31,936 --> 00:50:32,576
Cuba's next.

903
00:50:33,056 --> 00:50:33,416
Why?

904
00:50:33,616 --> 00:50:38,576
Because in order to knock down the regime in Cuba, they were getting all their oil from Venezuela.

905
00:50:38,776 --> 00:50:39,816
That's not coming in anymore.

906
00:50:40,036 --> 00:50:41,916
Cuba should fall soon.

907
00:50:42,116 --> 00:50:45,456
And that's another node on this network.

908
00:50:46,016 --> 00:50:46,076
OK?

909
00:50:46,336 --> 00:50:48,896
Vancouver is another node on this network.

910
00:50:49,376 --> 00:50:49,616
OK?

911
00:50:49,616 --> 00:50:50,576
Vancouver

912
00:50:50,576 --> 00:50:53,456
Vancouver where all the Chinese

913
00:50:53,456 --> 00:50:55,596
you know the Chinese tribes and everything

914
00:50:55,596 --> 00:50:57,316
over there so I call it Vancouver

915
00:50:57,316 --> 00:50:59,016
I can't call it Vancouver anymore sorry

916
00:50:59,016 --> 00:51:00,796
you know and if you have

917
00:51:00,796 --> 00:51:03,096
outposts like this all around the world right

918
00:51:03,096 --> 00:51:04,836
as Matt

919
00:51:04,836 --> 00:51:07,516
said to us you know when we were chatting on the podcast

920
00:51:07,516 --> 00:51:09,556
about this like why are the Russian mobs

921
00:51:09,556 --> 00:51:11,556
why are Russian mobsters living in London

922
00:51:11,556 --> 00:51:13,576
and Chinese triad

923
00:51:13,576 --> 00:51:14,756
guys living in

924
00:51:14,756 --> 00:51:17,496
Vancouver well it's because if

925
00:51:17,496 --> 00:51:22,576
they went back to beijing or mosca they'd be killed because they're not actually russian nationals or

926
00:51:22,576 --> 00:51:27,536
chinese nationals they're just or they're just shitbag it's just like why would the mob go back

927
00:51:27,536 --> 00:51:33,176
to italy because they'd be killed no that's why they're in jersey you know it's like you know i

928
00:51:33,176 --> 00:51:37,236
mean like in some respects that's why the sopranos is kind of bullshit that they actually went back to

929
00:51:37,236 --> 00:51:41,316
the to the homeland because they probably would have been killed if they went back to the homeland

930
00:51:41,316 --> 00:51:45,876
that's why they're injured that's why they're in jersey in the first place right so understand that

931
00:51:45,876 --> 00:51:48,916
That's, you know, that's part of what was going on there.

932
00:51:49,096 --> 00:51:56,336
So then there's the entire argument of what oil, why was China in there?

933
00:51:56,976 --> 00:52:03,056
Okay, remember, China's getting, there's only a few places where you can get really good heavy sour crude.

934
00:52:04,056 --> 00:52:04,936
Oil is not oil.

935
00:52:05,076 --> 00:52:05,716
It's not a monolith.

936
00:52:05,716 --> 00:52:09,116
It's not, you know, no, there's 100 different grades of oil out there, right?

937
00:52:09,196 --> 00:52:15,576
Because you pull it out of the ground and it's got every, you know, what we call oil is certainly different compositions, right?

938
00:52:15,576 --> 00:52:17,796
of different mixes of hydrocarbons.

939
00:52:18,696 --> 00:52:20,116
This is where I get the, you know,

940
00:52:20,256 --> 00:52:22,456
I get the flex as a chemist, right?

941
00:52:22,836 --> 00:52:24,236
So there's light, sweet, crude,

942
00:52:24,396 --> 00:52:27,016
which is, you know, sweet means that it's pH,

943
00:52:27,396 --> 00:52:30,556
it's got a relatively high pH, it's relatively basic,

944
00:52:30,956 --> 00:52:33,696
and sour means it's particularly acidic.

945
00:52:33,876 --> 00:52:34,796
It's got more sulfur in it.

946
00:52:34,916 --> 00:52:37,496
It's really sweet versus sour is the amount of sulfur

947
00:52:37,496 --> 00:52:39,916
that's in the sulfur content, it's in the oil.

948
00:52:40,096 --> 00:52:42,556
Heavy versus light, meaning does it have a lot of,

949
00:52:42,656 --> 00:52:44,216
you know, does it have a lot of the light ends

950
00:52:44,216 --> 00:52:48,496
that you can make JP4, jet fuel, gasoline, diesel fuel with,

951
00:52:48,576 --> 00:52:50,276
or is it heavy oil that you make number five?

952
00:52:50,456 --> 00:52:54,476
You make fuel oil, ship oil, and all the rest of it.

953
00:52:54,556 --> 00:52:56,636
Pull the waxes off, make candles from it, yada, yada, yada.

954
00:52:56,876 --> 00:52:58,156
Venezuela is heavy, sour crude.

955
00:52:58,676 --> 00:53:00,516
What do you run a blue water navy on?

956
00:53:00,716 --> 00:53:01,516
Heavy, sour crude.

957
00:53:02,416 --> 00:53:04,076
And they were getting it for pennies on the dollar.

958
00:53:04,216 --> 00:53:05,196
They were getting it for half price.

959
00:53:05,336 --> 00:53:08,416
Same thing with Iran's heavy, sour blends.

960
00:53:08,716 --> 00:53:09,616
The Chinese were getting that,

961
00:53:09,916 --> 00:53:13,196
are still getting that out of Iran at pennies on the dollar.

962
00:53:13,196 --> 00:53:23,476
Trump doesn't want the Chinese who are building a big blue water navy to have easy access to build a huge strategic patrolling reserve of heavy sour crude to run their navy with.

963
00:53:24,376 --> 00:53:24,996
Just that simple.

964
00:53:25,336 --> 00:53:27,796
And if they're going to do that, they're going to pay full price for it.

965
00:53:27,916 --> 00:53:31,796
So that's part of, that's the subplot with China within the Venezuela thing.

966
00:53:32,256 --> 00:53:36,676
So you can understand why he immediately started pressuring Iran the same way.

967
00:53:36,676 --> 00:53:40,096
Because the Chinese are in there getting cheap oil out of Iran.

968
00:53:40,096 --> 00:53:45,296
because in many ways, Trump created this by putting sanctions on Iran in the first place

969
00:53:45,296 --> 00:53:50,876
over the JCPOA, but he made the calculus that Iran with a nuclear weapon is not acceptable.

970
00:53:51,376 --> 00:53:55,416
So I have to take in the short term, I have to deal with this problem, order of operations.

971
00:53:55,636 --> 00:54:00,556
We stop them from developing a nuclear weapon. We bomb fucking Ford out. We give the Iranians

972
00:54:00,556 --> 00:54:03,776
and the Israelis the war they think they want, let them blow the crap out of each other,

973
00:54:03,856 --> 00:54:08,696
which is what happened. At the end of the day, Iran smacked Israel upside the head,

974
00:54:08,696 --> 00:54:11,016
and the Israelis smacked the Iranians upside the head

975
00:54:11,016 --> 00:54:14,156
and then Trump bombed the frigging, bombed Fordow

976
00:54:14,156 --> 00:54:17,496
and took the nuclear program offline.

977
00:54:18,256 --> 00:54:20,416
Dude, that was the best outcome of that war

978
00:54:20,416 --> 00:54:22,636
because the Israeli people finally realized,

979
00:54:22,736 --> 00:54:25,036
oh my God, we're not invincible.

980
00:54:25,516 --> 00:54:28,216
And the Iranians, all their propaganda

981
00:54:28,216 --> 00:54:31,896
about how potent they are went bye-bye.

982
00:54:32,776 --> 00:54:35,156
So everybody got taken down a peg.

983
00:54:35,556 --> 00:54:37,836
Everybody got showed what it would look like

984
00:54:37,836 --> 00:54:40,896
if the big powers stepped away.

985
00:54:41,496 --> 00:54:42,916
Because all the United States did

986
00:54:42,916 --> 00:54:45,256
was defend Israel during the initial attacks.

987
00:54:46,116 --> 00:54:47,556
The Russians stepped away

988
00:54:47,556 --> 00:54:49,076
and didn't defend the Iranians.

989
00:54:49,516 --> 00:54:50,136
And all of a sudden,

990
00:54:50,216 --> 00:54:51,336
nobody wants to go to war anymore.

991
00:54:51,976 --> 00:54:53,776
Unless the big boys want to come in and help them.

992
00:54:54,156 --> 00:54:54,216
Right?

993
00:54:54,736 --> 00:54:56,236
So that was a great outcome,

994
00:54:57,256 --> 00:54:58,156
geopolitically speaking.

995
00:54:58,276 --> 00:54:59,216
Because you know what it also did?

996
00:54:59,376 --> 00:55:00,396
It made Donald Trump

997
00:55:00,396 --> 00:55:03,336
the most popular politician in Israel.

998
00:55:03,636 --> 00:55:04,296
You know what that does?

999
00:55:04,456 --> 00:55:05,936
It means that whatever he says goes.

1000
00:55:05,936 --> 00:55:13,356
So, while Netanyahu might still be Prime Minister, Trump is more popular than Netanyahu is.

1001
00:55:13,356 --> 00:55:19,016
So when Trump says we're going to have peace, after that, you bet there's going to be peace.

1002
00:55:19,016 --> 00:55:21,016
The guy who doesn't want peace is Netanyahu.

1003
00:55:21,016 --> 00:55:22,016
Who does Netanyahu work for?

1004
00:55:22,016 --> 00:55:25,656
Ding, ding, ding, ding, ding, ding, city of London.

1005
00:55:25,656 --> 00:55:27,136
He always has.

1006
00:55:27,136 --> 00:55:30,876
Those Zionists that everybody wants to bitch and whine and fucking moan about?

1007
00:55:30,876 --> 00:55:32,876
Who do you think created Zionism?

1008
00:55:32,928 --> 00:55:39,008
homework assignment for the evening, folks. Because it was fucking London. They created

1009
00:55:39,008 --> 00:55:42,468
Zionism. First, they created Christian Zionism and stuffed them into the Midwest and the United

1010
00:55:42,468 --> 00:55:48,188
States. And then they grafted it onto frigging Judaism. Why? Geopolitics, folks. The British

1011
00:55:48,188 --> 00:55:54,528
Empire never wanted to end. And it's not the full version of the story here. It's just one angle on

1012
00:55:54,528 --> 00:56:00,108
it. But understand, this is part of the problem that Trump is trying to solve. And so if we can

1013
00:56:00,108 --> 00:56:10,588
get an Iran where the IRGC is destroyed. I had a great chat with Joaquin Flores on the podcast

1014
00:56:10,588 --> 00:56:19,528
about Iran. He made the very salient point that the theocracy in Iran is kind of the icing on top

1015
00:56:19,528 --> 00:56:25,508
of the technocratic cake, right? And that you have all your verticals within Iran. You have the army,

1016
00:56:25,608 --> 00:56:30,088
the IRGC, the civilian government, this, that, the civil service, how to get the other. Those

1017
00:56:30,088 --> 00:56:35,548
are all institutions. And that technocracy, that bureaucracy doesn't really interact much with the

1018
00:56:35,548 --> 00:56:41,288
theocracy. Theocracy can be removed and that those institutions would still operate just fine.

1019
00:56:41,548 --> 00:56:45,028
Kind of like Venezuela, except Venezuela is in far worse shape in that respect.

1020
00:56:45,528 --> 00:56:50,908
So Iran, you can get rid of the theocracy. 90% of the civilian government would still operate

1021
00:56:50,908 --> 00:56:55,988
normally. And then the Iranian people can choose what a new government for themselves,

1022
00:56:56,088 --> 00:56:59,508
if they so choose. And that's been Trump's M.O. If the Venezuelan people didn't want

1023
00:56:59,508 --> 00:57:04,868
Delce Rodriguez and the remnants of the existing government to stay in power, they would have

1024
00:57:04,868 --> 00:57:11,508
thrown it. And I think the same thing is on the table for Iran. And at the end of the day,

1025
00:57:11,588 --> 00:57:15,728
in order for us to get out of the Middle East, which is what everybody wants, we want out of

1026
00:57:15,728 --> 00:57:19,588
the Middle East, you want out of the Middle East, I want out, Trump wants out, how are you going to

1027
00:57:19,588 --> 00:57:25,988
get out without this whole thing exploding? Well, you got to get rid of the funding networks that

1028
00:57:25,988 --> 00:57:30,668
created all this shit in the first place. Now we go back to, okay, let's knock out Maduro. Let's

1029
00:57:30,668 --> 00:57:36,908
get rid of that node on the organized crime network. That takes the cash away from the IRGC,

1030
00:57:37,048 --> 00:57:42,668
from Hezbollah, from ISIS in Syria, from this group and that group and everybody else.

1031
00:57:43,108 --> 00:57:47,548
Let's try and cut a deal with the Chinese to stop bringing fentanyl precursors into the

1032
00:57:47,548 --> 00:57:52,008
Western Hemisphere, either in through Venezuela or in through Vancouver or whatever. Let's start

1033
00:57:52,008 --> 00:57:57,548
cutting those deals. Let's get this stuff cleaned up and get these people and get that layer of the

1034
00:57:57,548 --> 00:58:01,248
money off the board. So the first thing Trump did last year was get rid of the public money,

1035
00:58:01,248 --> 00:58:06,448
where they were raiding the public till through the NGOs, right? So by cutting out like USAID

1036
00:58:06,448 --> 00:58:09,488
and all the rest of it, get rid of the public money. Then you got to get rid of the private

1037
00:58:09,488 --> 00:58:13,888
money. That's the organized crime money that I'm talking about. Then after that, all you got left

1038
00:58:13,888 --> 00:58:20,488
is their savings, right? The castles and the piles of gold that they've got squirreled away here and

1039
00:58:20,488 --> 00:58:25,108
there and the land holdings and, you know, their positions on their silver short positions

1040
00:58:25,108 --> 00:58:26,468
on the Comax and all this crap.

1041
00:58:26,708 --> 00:58:27,268
You got to get there.

1042
00:58:27,388 --> 00:58:30,868
You got to get them to put their money on the table to fund their little color revolution

1043
00:58:30,868 --> 00:58:31,268
attempts.

1044
00:58:31,408 --> 00:58:36,548
Because if you take away their other funding networks and notice how you do away with USAID

1045
00:58:36,548 --> 00:58:39,568
and all of a sudden, like all these color revolutions are going tits up.

1046
00:58:39,788 --> 00:58:41,548
They're not materializing.

1047
00:58:41,988 --> 00:58:45,768
Even the one here in the United States, Minnesota is clearly a color revolution attempt.

1048
00:58:46,448 --> 00:58:50,448
So it was everything that's been going on in California, Chicago, right?

1049
00:58:50,488 --> 00:58:57,388
Portland, Seattle, right? Zora Mandami, you know, blackmailing the people of New York this week,

1050
00:58:57,488 --> 00:59:03,488
this morning with, we're going to cut 5,000 NYPD. We're going to go not hire 5,000 NYPD

1051
00:59:03,488 --> 00:59:08,048
because we can't afford it unless you, you know, give me a big property tax increase. Why? Because

1052
00:59:08,048 --> 00:59:13,988
he just wants to get rid of all, he wants all the shitbag shit libs in Brooklyn to move to Florida

1053
00:59:13,988 --> 00:59:17,828
to turn it purple. And they want to destroy New York City. Why do they want to destroy New York

1054
00:59:17,828 --> 00:59:23,168
city. Chris Trump's from New York city. Chris wall street's in New York city. They just fucking hate

1055
00:59:23,168 --> 00:59:29,308
us. Cedric. They just fucking hate us. They're still butthurt that we won the revolution. Okay.

1056
00:59:30,328 --> 00:59:36,668
Same families still in charge and fucking break creeper. And the crown is a, is a, is at, as at

1057
00:59:36,668 --> 00:59:42,588
best a captured pawn and at worst completely complicit in all of this. I'm up in the air as

1058
00:59:42,588 --> 00:59:47,748
to what I believe about that. I've argued with, you know, I have a friend, Ian Burlingame and I

1059
00:59:47,748 --> 00:59:51,448
go back and forth about this all the time. I'm not really sure. You know, he thinks it's a

1060
00:59:51,448 --> 00:59:57,108
captured pawn scenario. I think it's something less, uh, less salutary, but Hey, I'm, I've,

1061
00:59:57,188 --> 01:00:00,348
I've, and I've told him this both publicly and privately. I mean, dude, I hope you're right.

1062
01:00:00,888 --> 01:00:06,688
If, if, if so, I'll, I'll gladly buy a bottle of Scott. I'll, you know, fly out to, I'll fly

1063
01:00:06,688 --> 01:00:10,688
out for the weekend. I'll buy you a bottle of whatever Scott you want and we'll get blasted,

1064
01:00:10,688 --> 01:00:16,648
you know, toasting your, your wisdom. But if I'm right, then you're buying me my favorite rye and

1065
01:00:16,648 --> 01:00:17,768
we're doing the same damn thing.

1066
01:00:18,288 --> 01:00:20,788
And cigars, by the way, because rice is cheaper than scotches.

1067
01:00:20,868 --> 01:00:21,868
So you've got to make up the difference.

1068
01:00:22,708 --> 01:00:24,288
Well, it seems like the themes we're talking about,

1069
01:00:24,328 --> 01:00:26,228
you brought up in the beginning of the show, are blood and treasure.

1070
01:00:26,808 --> 01:00:27,068
Yeah.

1071
01:00:27,608 --> 01:00:29,568
And we talked a lot about the blood.

1072
01:00:30,788 --> 01:00:33,028
I only have maybe one and a half questions left for you.

1073
01:00:33,028 --> 01:00:36,888
The last part of the blood is, if you're looking at the board like Risk,

1074
01:00:37,148 --> 01:00:38,788
Greenland would be a really key piece.

1075
01:00:39,208 --> 01:00:39,608
It is.

1076
01:00:39,608 --> 01:00:47,628
and it's a key piece for for breaking up any idea that europe is going to have any

1077
01:00:47,628 --> 01:00:56,308
outposts on the north american continent this is that simple greenland is symbolic it's it's both

1078
01:00:56,308 --> 01:01:00,028
i was talking to martin or i'm sorry the other day and we brought up i brought up greenland

1079
01:01:00,028 --> 01:01:05,128
marty was of the opinion that it's just like a symbol to them of how they still have their

1080
01:01:05,128 --> 01:01:10,488
outposts here in North America. And so it's a symbol of their former colonial status that they

1081
01:01:10,488 --> 01:01:15,888
get to control this piece of the territory. I'm like, that's a fair assessment. I think it's

1082
01:01:15,888 --> 01:01:21,268
deeper than that. It's just our way of saying you're not going to have outposts on a final say

1083
01:01:21,268 --> 01:01:25,648
on this strategic piece of land. If we have to go to war with the Russians or with the Chinese,

1084
01:01:25,648 --> 01:01:30,828
and they decide to attack us through the Arctic Circle, we're putting listening outposts and radar

1085
01:01:30,828 --> 01:01:34,828
stations on Northern Greenland. And you're not going to stop us. And it makes no sense as your

1086
01:01:34,828 --> 01:01:38,668
NATO partner to be crashing out and screaming that you're going to like, you know, lob,

1087
01:01:38,908 --> 01:01:44,108
that France is going to lob nuclear weapons at the United States for daring to think that

1088
01:01:44,108 --> 01:01:45,268
we have a claim to Greenland.

1089
01:01:45,568 --> 01:01:46,328
And then there's Canada.

1090
01:01:46,488 --> 01:01:52,108
The last outpost of Europe in North America is Canada.

1091
01:01:52,608 --> 01:01:53,748
And Marconi was brought in.

1092
01:01:53,828 --> 01:01:58,668
Now he wants to like, you know, become part of the EU and rearm and all of this.

1093
01:01:58,768 --> 01:01:59,648
I'm like, really?

1094
01:01:59,648 --> 01:02:01,868
like you don't think we can't take

1095
01:02:01,868 --> 01:02:03,828
we can't take Canada over

1096
01:02:03,828 --> 01:02:05,728
by pulling a half dozen

1097
01:02:05,728 --> 01:02:07,828
A-10 warthogs out of you know

1098
01:02:07,828 --> 01:02:09,528
out of mothballs

1099
01:02:09,528 --> 01:02:11,348
and a couple of tanks and you know

1100
01:02:11,348 --> 01:02:13,088
some deer hunters from Michigan

1101
01:02:13,088 --> 01:02:14,968
not take the whole fucking country over

1102
01:02:14,968 --> 01:02:17,088
in an hour I mean

1103
01:02:17,088 --> 01:02:19,148
whatever you're smoking up there

1104
01:02:19,148 --> 01:02:21,168
in Ottawa dude like

1105
01:02:21,168 --> 01:02:23,288
I want some you know

1106
01:02:23,288 --> 01:02:25,748
but whatever like but Mark Carney

1107
01:02:25,748 --> 01:02:27,668
honestly believes that

1108
01:02:27,668 --> 01:02:29,588
he's got a plan and the people

1109
01:02:29,588 --> 01:02:35,308
behind him over in Brussels think they have a plan. And I just look at it going, sorry, but we're

1110
01:02:35,308 --> 01:02:39,148
going to take Alberta. We're not going to take Alberta. Alberta is going to like beg us to become

1111
01:02:39,148 --> 01:02:45,588
part of the country. And I've had, you know, I was on with Sean Newman, who's from Northern Alberta

1112
01:02:45,588 --> 01:02:50,968
and, um, great, you know, Sean's a great guy and a great podcaster. And, and, you know, he had me

1113
01:02:50,968 --> 01:02:54,948
and Alex Cranor on and he asked us, he's like, oh, I, you know, it's like, I've asked a dozen

1114
01:02:54,948 --> 01:02:59,948
different people, you know, question about what does Alberta independence mean or look

1115
01:02:59,948 --> 01:03:01,348
like or this, that or anything else.

1116
01:03:01,468 --> 01:03:03,828
And they all kind of like duck the question because they're all Canadian.

1117
01:03:04,008 --> 01:03:06,028
They don't want to actually say what they think is going on.

1118
01:03:06,248 --> 01:03:08,408
Like, I'm going to ask Alex and Tom because they're going to give it to me straight.

1119
01:03:08,468 --> 01:03:09,308
I'm like, oh, yeah.

1120
01:03:10,088 --> 01:03:22,500
So remember Brexit Remember what they did to the Brits over Brexit Five times worse than that They going to throw everything at you because Alberta is far more valuable than even the UK is

1121
01:03:23,500 --> 01:03:26,600
Third largest oil reserves in the world.

1122
01:03:26,860 --> 01:03:31,800
Every frigging critical metal you could ever ask for other than maybe uranium.

1123
01:03:32,120 --> 01:03:35,780
But that's just over the border into Saskatchewan and the Azkabazka Basin.

1124
01:03:35,780 --> 01:03:38,920
And if Alberta leaves, Saskatchewan will probably go with them.

1125
01:03:38,920 --> 01:03:44,620
like Alberta could become, you know, tomorrow they could become the, you know, one of the

1126
01:03:44,620 --> 01:03:49,220
richest countries in the world. The problem is that they're landlocked and that they don't have

1127
01:03:49,220 --> 01:03:56,900
a population large enough to defend themselves against, you know, a foreign invader. So they

1128
01:03:56,900 --> 01:04:04,840
would need someone to give them a hand. And Alex, and again, Alex did a great job in that podcast

1129
01:04:04,840 --> 01:04:09,840
talking about his personal experience being Croatian

1130
01:04:09,840 --> 01:04:12,060
during the breakdown of Yugoslavia

1131
01:04:12,060 --> 01:04:14,640
and the war they fought for independence from Serbia.

1132
01:04:14,920 --> 01:04:15,920
And he said, you know, it's funny,

1133
01:04:16,160 --> 01:04:18,420
because I was making the argument,

1134
01:04:18,520 --> 01:04:19,400
and I still will make the argument,

1135
01:04:19,480 --> 01:04:20,440
and I have made the argument

1136
01:04:20,440 --> 01:04:23,600
to some of the Albertan leadership that I've talked to.

1137
01:04:24,060 --> 01:04:26,980
I said, you guys, if you want to become part of the United States,

1138
01:04:27,280 --> 01:04:29,220
you should want to come in as a territory first

1139
01:04:29,220 --> 01:04:30,200
before you become a state,

1140
01:04:30,340 --> 01:04:33,160
because territory, you get all the benefits

1141
01:04:33,160 --> 01:04:35,020
of being part of the United States.

1142
01:04:35,180 --> 01:04:37,100
Our legal system, our corporate law,

1143
01:04:37,340 --> 01:04:39,600
our tax rates, our military,

1144
01:04:39,980 --> 01:04:41,680
all of those things are protection.

1145
01:04:42,000 --> 01:04:44,440
But you're no one's political football

1146
01:04:44,440 --> 01:04:47,580
while we have a very tenuous situation here

1147
01:04:47,580 --> 01:04:49,200
politically up on Capitol Hill.

1148
01:04:49,600 --> 01:04:50,660
Because we've got one party

1149
01:04:50,660 --> 01:04:52,560
in complete fucking revolt.

1150
01:04:52,780 --> 01:04:56,100
We've got like 10, what, 15 states

1151
01:04:56,100 --> 01:04:57,800
that would leave tomorrow

1152
01:04:57,800 --> 01:04:59,280
if they thought they could get away with it, right?

1153
01:04:59,700 --> 01:05:01,380
I mean, your point earlier, Cedric,

1154
01:05:01,380 --> 01:05:03,700
about the color revolution is absolutely correct.

1155
01:05:04,180 --> 01:05:06,780
I have been in civil war mode for over a year,

1156
01:05:07,580 --> 01:05:08,800
like, up here.

1157
01:05:09,540 --> 01:05:11,780
To me, I've been fighting a civil war

1158
01:05:11,780 --> 01:05:13,400
since before Trump was elected, okay?

1159
01:05:13,540 --> 01:05:15,400
I mean, to be honest with you,

1160
01:05:15,420 --> 01:05:17,140
I can almost go back two years at this point

1161
01:05:17,140 --> 01:05:19,840
to the primary season in 2024,

1162
01:05:20,280 --> 01:05:21,680
when it was very clear that they just wanted

1163
01:05:21,680 --> 01:05:24,100
to put Donald Trump in jail and give us Nikki Haley,

1164
01:05:24,860 --> 01:05:27,700
all right, and then set up Nikki Haley

1165
01:05:27,700 --> 01:05:30,380
versus Kamala Harris and really rub it in

1166
01:05:30,380 --> 01:05:33,500
that they were going to just give us two shitty brown women

1167
01:05:33,500 --> 01:05:34,980
to choose from for president?

1168
01:05:35,260 --> 01:05:36,280
Thank you, City of London.

1169
01:05:36,620 --> 01:05:40,840
Yeah, why don't you drive that salt a little deeper into the fucking wound?

1170
01:05:41,780 --> 01:05:42,220
Assholes.

1171
01:05:42,580 --> 01:05:43,400
But that's what they were doing.

1172
01:05:43,460 --> 01:05:44,460
They were laughing at us.

1173
01:05:44,680 --> 01:05:46,440
And every American listening to my voice right now

1174
01:05:46,440 --> 01:05:48,660
should be outraged at that idea.

1175
01:05:49,280 --> 01:05:51,060
But that's what they had on the table for us.

1176
01:05:51,360 --> 01:05:52,420
You want to get angry about something?

1177
01:05:52,440 --> 01:05:55,380
Don't get angry about friggin' Trump knocking out Maduro in Venezuela.

1178
01:05:55,620 --> 01:05:57,160
No, that was a good thing for the world.

1179
01:05:57,160 --> 01:05:59,420
Be angry about the fact that these fucking ass,

1180
01:05:59,420 --> 01:06:04,760
these fucking arrogant European colonial cocksuckers wanted to hand us either Nimrata

1181
01:06:04,760 --> 01:06:12,080
or drunken fucking Kamala Harris as president so they can go run the table and start World War

1182
01:06:12,080 --> 01:06:16,640
fucking three because that was your choice okay that would have been your choice and you would

1183
01:06:16,640 --> 01:06:20,020
have been you want to talk about being demoralized yeah the country would already split apart

1184
01:06:20,020 --> 01:06:27,740
so we're dealing with that problem so going back to Alberta better to be a territory than a state

1185
01:06:27,740 --> 01:06:30,980
because we're not a country right now politically.

1186
01:06:30,980 --> 01:06:34,660
So you want to enter into statehood

1187
01:06:34,660 --> 01:06:36,760
when you're nobody's political football.

1188
01:06:37,000 --> 01:06:38,060
Because if you look at the history,

1189
01:06:38,520 --> 01:06:41,660
as Canadians, you probably don't know much

1190
01:06:41,660 --> 01:06:43,980
about the history of how territories

1191
01:06:44,600 --> 01:06:46,920
were turned into states and how they became states.

1192
01:06:47,080 --> 01:06:49,880
You should probably look into the horse trading

1193
01:06:49,880 --> 01:06:52,320
that's gone on over the last 250 years

1194
01:06:52,320 --> 01:06:55,340
about which states got to enter with other ones

1195
01:06:55,340 --> 01:06:56,540
and which ones became slave states

1196
01:06:56,540 --> 01:06:57,620
versus non-slave states

1197
01:06:57,620 --> 01:06:59,760
and there was always a political football.

1198
01:07:00,180 --> 01:07:02,380
If you want to have the smoothest transition

1199
01:07:02,380 --> 01:07:05,560
from being a stepped-on Canadian province

1200
01:07:05,560 --> 01:07:11,440
and the blood host of the vampire class in Ottawa

1201
01:07:11,440 --> 01:07:14,480
to an independent nation,

1202
01:07:14,760 --> 01:07:17,620
the path to that is as a territory of the United States first,

1203
01:07:17,980 --> 01:07:21,120
and then come in when the United States has settled down

1204
01:07:21,120 --> 01:07:25,100
and we have a relatively stable picture

1205
01:07:25,100 --> 01:07:27,920
of how the country is going to operate,

1206
01:07:28,240 --> 01:07:32,080
I expect that state borders are going to be redrawn before this is all over.

1207
01:07:32,860 --> 01:07:35,400
I can see West Virginia becoming a lot bigger

1208
01:07:35,400 --> 01:07:37,460
and Virginia becoming a lot smaller.

1209
01:07:37,920 --> 01:07:38,620
Maybe, maybe not.

1210
01:07:38,700 --> 01:07:39,680
We'll see what happens.

1211
01:07:39,880 --> 01:07:43,200
I can see the Greater Idaho Project coming to fruition

1212
01:07:43,200 --> 01:07:47,580
and shitbag states like Oregon and Washington losing a lot of territory,

1213
01:07:47,740 --> 01:07:48,920
California losing territory.

1214
01:07:48,920 --> 01:07:51,360
The Greater Idaho Project is a real thing.

1215
01:07:51,360 --> 01:07:54,940
and in an environment where we're not sure

1216
01:07:54,940 --> 01:07:56,840
what things are going to look like.

1217
01:07:57,020 --> 01:07:59,940
If Trump doesn't run the table on these Davos fuckers,

1218
01:08:00,440 --> 01:08:03,080
it can get very dicey for the next four to 10 years.

1219
01:08:03,400 --> 01:08:04,340
And so as Alberta,

1220
01:08:04,920 --> 01:08:06,980
you want to be able to come into that environment

1221
01:08:06,980 --> 01:08:09,980
where you get to be able to walk on your own

1222
01:08:09,980 --> 01:08:11,740
without having to worry about

1223
01:08:11,740 --> 01:08:13,740
what's going on south of the 49th parallel.

1224
01:08:14,120 --> 01:08:15,460
Just work on your own stuff.

1225
01:08:16,460 --> 01:08:18,720
We'll protect you from the Chinese

1226
01:08:18,720 --> 01:08:19,920
coming in through British Columbia

1227
01:08:19,920 --> 01:08:24,460
or, you know, they're ravening hordes of Doug and Bob McKenzie fans coming out of Ottawa

1228
01:08:24,460 --> 01:08:29,680
and, you know, trying to, you know, call you traitors and throw, you know,

1229
01:08:30,140 --> 01:08:31,600
and throw Molson cans at you or whatever.

1230
01:08:31,700 --> 01:08:34,640
I don't know, however they fight fucking wars in Canada, you know,

1231
01:08:34,740 --> 01:08:35,940
come at you with their hockey sticks.

1232
01:08:36,240 --> 01:08:38,800
But, you know, that's what you should do.

1233
01:08:38,800 --> 01:08:43,500
And you get plenty of time to just, you know, integrate your legal sticks.

1234
01:08:43,720 --> 01:08:45,780
I think crown law is completely different than ours.

1235
01:08:46,180 --> 01:08:49,320
Like, there's a whole bunch of shit that needs to be done in order to get done.

1236
01:08:49,320 --> 01:08:52,100
So to me, it's like that's the best path for them.

1237
01:08:52,360 --> 01:08:53,700
It's the least painful path.

1238
01:08:54,100 --> 01:09:00,160
And then when we're like settled down, then we can come in and welcome them in with open arms and be nobody's political football.

1239
01:09:00,360 --> 01:09:04,120
And maybe bring British Columbia, maybe bring Saskatchewan and Manitoba across.

1240
01:09:04,220 --> 01:09:05,420
I think you'll take the whole thing.

1241
01:09:05,580 --> 01:09:09,620
I think, I mean, to be honest with you, I think the whole freaking country is going to wind up being ours.

1242
01:09:09,860 --> 01:09:11,940
Just because Canada is, I mean, I think I agree.

1243
01:09:12,060 --> 01:09:13,500
The more I think about it, the more I agree with Trump.

1244
01:09:13,600 --> 01:09:15,740
I'm like, I just don't understand why Canada is even a separate country.

1245
01:09:15,740 --> 01:09:19,340
It was always set up to be the Pakistan or India.

1246
01:09:19,680 --> 01:09:24,920
The history of Canada is very much a bunch of British loyalists

1247
01:09:24,920 --> 01:09:31,820
who went to Toronto and Ottawa and were going to fight the power.

1248
01:09:33,080 --> 01:09:37,260
I mean, that's the history of all of that.

1249
01:09:38,060 --> 01:09:39,060
It's very important.

1250
01:09:39,280 --> 01:09:41,340
We as Americans don't have any idea about any of this shit.

1251
01:09:41,440 --> 01:09:43,320
I'd have to talk to Canadians to find this stuff out.

1252
01:09:43,320 --> 01:09:48,960
and um just like canadians don't understand anything about america we don't understand

1253
01:09:48,960 --> 01:09:52,780
them either it's like oh really this is canada right they're just like they're just like snow

1254
01:09:52,780 --> 01:09:58,500
mexico right you know i mean i kid i and this is the funny part about it is i have a i have a lot

1255
01:09:58,500 --> 01:10:04,420
of i have a lot of love for canada like i'm the world's biggest rush fan i'm a huge goddamn hockey

1256
01:10:04,420 --> 01:10:10,100
fan like you know i want to i would like to go and genuflect at the at the at the mecca of hockey

1257
01:10:10,100 --> 01:10:12,900
the Hockey Hall of Fame up in Toronto,

1258
01:10:13,040 --> 01:10:15,220
but I wouldn't be caught dead in Toronto right now,

1259
01:10:15,680 --> 01:10:16,860
just on general principle.

1260
01:10:16,960 --> 01:10:18,500
I wouldn't go to New York either, by the way.

1261
01:10:19,180 --> 01:10:20,820
So why the fuck would I go to Toronto?

1262
01:10:21,500 --> 01:10:24,540
So I'd be worried I wouldn't be allowed out.

1263
01:10:24,900 --> 01:10:28,280
I'm a little worried about going to Calgary in six weeks.

1264
01:10:28,420 --> 01:10:28,600
I don't know.

1265
01:10:28,700 --> 01:10:30,040
Am I going to let me out of the country?

1266
01:10:30,200 --> 01:10:30,520
I don't know.

1267
01:10:30,560 --> 01:10:31,180
They're going to let me in,

1268
01:10:31,220 --> 01:10:32,640
but it's going to be a fucking Roach Motel?

1269
01:10:33,240 --> 01:10:33,700
I don't know.

1270
01:10:33,980 --> 01:10:34,740
You never know.

1271
01:10:34,900 --> 01:10:35,900
I'm not going to England.

1272
01:10:35,900 --> 01:10:39,140
I've had so many people

1273
01:10:39,140 --> 01:10:40,960
Invite me to come to Europe

1274
01:10:40,960 --> 01:10:41,860
I'm like fuck that

1275
01:10:41,860 --> 01:10:43,360
Me? Europe?

1276
01:10:44,620 --> 01:10:45,820
Gulag, right?

1277
01:10:46,820 --> 01:10:47,400
Come on

1278
01:10:47,400 --> 01:10:48,920
I can't do that

1279
01:10:48,920 --> 01:10:51,040
I'm not independent

1280
01:10:51,040 --> 01:10:53,000
Contrary to popular opinion

1281
01:10:53,000 --> 01:11:03,492
The Israelis don pay me enough money To go spend the rest of my years In a European gulag and my wife still have enough money to live on Sorry it just not the truth

1282
01:11:03,772 --> 01:11:04,652
Maybe South America.

1283
01:11:04,952 --> 01:11:05,272
Maybe.

1284
01:11:05,492 --> 01:11:08,712
I have to sell everything and she could move to Mexico or some shit.

1285
01:11:08,832 --> 01:11:09,072
I don't know.

1286
01:11:09,712 --> 01:11:15,292
But I'm not just so I can go see London.

1287
01:11:15,772 --> 01:11:16,072
Wow.

1288
01:11:17,492 --> 01:11:18,772
I can skip London.

1289
01:11:18,912 --> 01:11:20,652
I still haven't seen Utah yet.

1290
01:11:20,652 --> 01:11:24,872
But last I checked, Utah is a lot prettier than London is.

1291
01:11:25,072 --> 01:11:26,372
Well, Utah is spectacular.

1292
01:11:27,332 --> 01:11:28,072
London's history.

1293
01:11:28,272 --> 01:11:30,592
But, yeah, the nature in Utah, especially southwest Utah.

1294
01:11:30,892 --> 01:11:35,232
We're going to Moab, actually, for vacation later in the year.

1295
01:11:35,792 --> 01:11:36,512
So it's going to be fun.

1296
01:11:37,172 --> 01:11:39,692
I'm going to drive my floor out to Moab.

1297
01:11:40,152 --> 01:11:40,612
It's going to be fun.

1298
01:11:40,612 --> 01:11:45,792
Okay, before you jet off into the sunset, I mean, I got to ask you,

1299
01:11:45,792 --> 01:11:54,512
What is best case scenario for America with the monetary financial system transition that we're going through right now?

1300
01:11:54,712 --> 01:11:55,172
Oh, easy.

1301
01:11:55,632 --> 01:11:56,572
The best case scenario?

1302
01:11:57,112 --> 01:11:59,532
The best case scenario is that we win, dude, and it's awesome.

1303
01:11:59,532 --> 01:12:00,872
What does winning look like?

1304
01:12:00,932 --> 01:12:01,412
Is that gold?

1305
01:12:01,412 --> 01:12:02,352
What does winning look like?

1306
01:12:02,372 --> 01:12:14,812
Winning looks like we rebuild the middle class using, you know, Trump is clearly doing the whole Hamiltonian thing of a political economy that's going to annoy the shit out of every libertarian in the world.

1307
01:12:14,812 --> 01:12:32,792
But I hate to break it to folks, but it's the same playbook that Putin's done a run in Russia, and it worked relatively well to get a country on the brink of dissolution with a failing middle class back to something stable.

1308
01:12:33,692 --> 01:12:34,972
So he's going to do this.

1309
01:12:35,372 --> 01:12:37,732
The tariffs are here to stay.

1310
01:12:37,932 --> 01:12:42,192
We're going to have a domestic dollar that circulates separately from the international dollar.

1311
01:12:42,872 --> 01:12:47,992
The Fed is going to be repurposed to look like, to be the gatekeeper between the two.

1312
01:12:48,292 --> 01:12:51,032
The Treasury is going to take a more central role in monetary issuance.

1313
01:12:51,032 --> 01:13:07,572
There's going to be more hard asset-backed dollars flowing through the system, either by proxy, since Tether is issuing stablecoins back with Treasuries, but they're also issuing stablecoins back by gold, and they bought Treasuries.

1314
01:13:07,572 --> 01:13:08,352
You know what I mean?

1315
01:13:08,632 --> 01:13:18,112
There's going to be a means by which all of that is going to be in the mix to have a much more grounded monetary system.

1316
01:13:18,552 --> 01:13:25,432
Everybody is buying gold in order to be able to issue assets and issue currencies that the world will trust.

1317
01:13:25,752 --> 01:13:31,352
Because you know I've been a – we had dinner with Martin.

1318
01:13:31,352 --> 01:13:44,792
And you know that I agree with Martin Armstrong about the fact that debt is going to become the sovereign debt is going to become the, no metaphor here, the four-letter word of the world.

1319
01:13:45,872 --> 01:13:53,332
And debt that does not have enough collateral asset behind it, over-leveraged debt, is going to be devalued terribly.

1320
01:13:54,352 --> 01:13:56,412
And that's what we're pushing towards.

1321
01:13:56,412 --> 01:14:08,732
So that plus deregulation of the economy, which is happening, the desire to get much lower taxes and much lower government spending, which is being fought tooth and claw by Congress.

1322
01:14:09,732 --> 01:14:09,852
Okay.

1323
01:14:10,112 --> 01:14:21,612
And so all of that to change the process so that we no longer have a vanishing middle class, but we have a rapidly burgeoning middle class.

1324
01:14:21,612 --> 01:14:30,292
and but you'll note what the democrats and davos are doing they are absolutely setting up again as

1325
01:14:30,292 --> 01:14:37,152
always the false diet of communism or capitalism but no third way between them right so the lower

1326
01:14:37,152 --> 01:14:41,912
classes you know scream for communism are told communism is the only way to beat the capitalists

1327
01:14:41,912 --> 01:14:45,732
and the capitalists like oh my god you can't can't let these commies win it's all bullshit

1328
01:14:45,732 --> 01:14:50,752
and then they're layering another you know christianity versus muslim versus islam on top

1329
01:14:50,752 --> 01:14:57,012
of everything. They're trying everything to split us apart. But what winning looks like is Trump gets

1330
01:14:57,012 --> 01:15:01,092
the Save Act passed, gets a bunch of his guys through the primaries, primaries out, a bunch of

1331
01:15:01,092 --> 01:15:05,552
the shitbags. Some of them, a lot of members of Congress are retiring. I don't know if anybody has

1332
01:15:05,552 --> 01:15:10,032
noticed, but it's like 47 members of Congress are not running for reelection and are retiring.

1333
01:15:10,372 --> 01:15:14,612
Okay. This is a big deal. Now, some of them are doing that because they know they can't win. So

1334
01:15:14,612 --> 01:15:18,272
they're hoping that, you know, there's all these little political games that are being played.

1335
01:15:18,272 --> 01:15:23,652
But what's important is that what's stopping the United States from, or certainly from Trump,

1336
01:15:23,772 --> 01:15:27,252
from remaking the United States at this point is the makeup of our Congress.

1337
01:15:27,592 --> 01:15:35,132
And I've known this since the day, since they finally figured out how many seats they could steal after the 2024 election.

1338
01:15:35,672 --> 01:15:38,392
And I saw that we have a five-seat majority and three seats in the House.

1339
01:15:38,452 --> 01:15:40,532
Well, they stole five Senate seats and 40 House seats.

1340
01:15:40,812 --> 01:15:42,612
So, yeah, we're going to be gridlock for the next.

1341
01:15:42,952 --> 01:15:44,972
We've got two fake majorities in the legislature.

1342
01:15:44,972 --> 01:15:49,012
and it's going to be gridlock and it's going to be a knife fight to get anything done.

1343
01:15:49,012 --> 01:15:53,752
And the fact that Trump's got anything passed at all is, you know, honestly, in this environment,

1344
01:15:53,852 --> 01:15:54,572
is a fucking miracle.

1345
01:15:55,072 --> 01:15:58,552
And it tells you just how strong his hand actually is.

1346
01:15:58,952 --> 01:16:04,192
And this is why Steve Bannon crashing out here via the Epstein files is so very fucking

1347
01:16:04,192 --> 01:16:09,152
important because now it just takes all those guys, it takes all that pressure, that political

1348
01:16:09,152 --> 01:16:13,472
pressure that's pushed your social media and the podcast space, the media space, it's all

1349
01:16:13,472 --> 01:16:13,712
gone.

1350
01:16:14,372 --> 01:16:22,752
The only people left pushing the narrative that Trump is a tyrant are the very people that we hate anyway, the regular media, who have a lower approval rating than Congress does.

1351
01:16:23,652 --> 01:16:29,392
So we've got the Democrats and some of the Republicans are going to stand against voter ID, which is dumb.

1352
01:16:29,772 --> 01:16:30,932
It's a losing proposition.

1353
01:16:31,132 --> 01:16:32,032
Trump's going to win on that.

1354
01:16:32,532 --> 01:16:43,032
And, you know, the other part of that, the other thing that's happening is I saw something, again, from my friend Peter St. Allen this afternoon.

1355
01:16:43,032 --> 01:16:47,412
I saw a great tweet. He said he showed self-deportations are continuing to accelerate

1356
01:16:47,412 --> 01:16:54,192
month over month, meaning we're watching a lot of people go home. The incentives are being removed.

1357
01:16:54,932 --> 01:17:01,212
There are fewer people, fewer shitbag immigrants trying to get on the dole, various doles,

1358
01:17:01,752 --> 01:17:10,892
right? It's ending. So that marginal demand for services is going away. That should bring prices

1359
01:17:10,892 --> 01:17:16,512
down for professional services. It should at least get rid of wait times for dentists and,

1360
01:17:16,512 --> 01:17:22,492
you know, seeing your doctor and all this other shit, right? Minimum, it should be that at the,

1361
01:17:22,492 --> 01:17:27,192
at the very least we should start to see, you know, you know, that we should start to see that,

1362
01:17:27,272 --> 01:17:32,672
which will take a lot of the actual costs. Like, you know, it's one thing to pay $500 to go to the

1363
01:17:32,672 --> 01:17:37,292
dentist to do a hundred dollars worth of dental work and be pissed off about it, which is, you

1364
01:17:37,292 --> 01:17:39,052
Let's just call spade a spade.

1365
01:17:39,452 --> 01:17:44,152
But it's even worse when you have to wait three months for it to then overpay for substandard

1366
01:17:44,152 --> 01:17:44,592
service.

1367
01:17:45,072 --> 01:17:49,072
So if you can get in there and see your dentist for the same price, but you can get in there

1368
01:17:49,072 --> 01:17:55,092
next week, it makes the poison go down a little easier because at least you didn't lose both

1369
01:17:55,092 --> 01:17:56,572
the money and the time.

1370
01:17:56,972 --> 01:18:02,032
And we have so much time loss in our economy because of all this interstitial bullshit.

1371
01:18:02,672 --> 01:18:05,492
Get rid of that and everything starts to...

1372
01:18:05,492 --> 01:18:07,152
And everybody's mood improves.

1373
01:18:07,292 --> 01:18:12,412
everybody's not so goddamn stressed out trying to like manage all this rotten crap and we can

1374
01:18:12,412 --> 01:18:17,872
actually get back to like working and hanging out with our kids and and spending a lot less time

1375
01:18:17,872 --> 01:18:24,532
managing the bullshit managing all the red tape and actually getting stuff done it's amazing how

1376
01:18:24,532 --> 01:18:31,092
people how much better people feel when they're actually getting shit done because when they feel

1377
01:18:31,092 --> 01:18:31,992
like they're getting shit done.

1378
01:18:32,292 --> 01:18:53,324
They not as apt to go out and nitpick the shit that their government not getting done because the government got out of the fucking way so that they can go get shit done and you know everybody and everybody becomes a lot more generous when you not just like you know pissed off all the time like so that is you

1379
01:18:53,324 --> 01:19:00,524
asked me what it looks like it looks like things get better like psychologically better at every

1380
01:19:00,524 --> 01:19:06,664
level. And then let Trump and Besson and the rest of them work out how to improve the housing market

1381
01:19:06,664 --> 01:19:12,384
and how to get Fannie and Freddie back on board to help first-time homebuyers find a way to get

1382
01:19:12,384 --> 01:19:17,504
into mortgages and start families and all of that. But it starts with wages out, what we're

1383
01:19:17,504 --> 01:19:22,184
starting to see. Productivity is up, real productivity is up over inflation in ways that

1384
01:19:22,184 --> 01:19:29,544
we haven't seen during normal times, not coming out of a COVID lockdown or a big financial crisis.

1385
01:19:29,544 --> 01:19:37,444
We did 5% real growth and productivity, not GDP, but productivity in Q4.

1386
01:19:38,264 --> 01:19:38,784
5%.

1387
01:19:38,784 --> 01:19:42,284
That's versus the CPI, which is a fuckload higher than truflation.

1388
01:19:42,644 --> 01:19:44,704
And truflation is probably a better metric.

1389
01:19:45,004 --> 01:19:46,884
And there are some states that are in outright deflation.

1390
01:19:47,044 --> 01:19:50,724
So you can imagine what that productivity, if you drill into those productivity numbers

1391
01:19:50,724 --> 01:19:57,844
in places like Texas and the Southwest is in active price inflation right now overall.

1392
01:19:57,844 --> 01:20:00,324
Wages are growing at 7%, 8%.

1393
01:20:00,324 --> 01:20:02,944
It's improving.

1394
01:20:03,104 --> 01:20:06,584
Now it's improving from a shitty starting point, but it's improving.

1395
01:20:07,164 --> 01:20:09,024
And all it takes is a little bit of improvement.

1396
01:20:09,664 --> 01:20:15,024
And people will, you know, if the pressure, if the boot is being lifted off people's necks a little bit,

1397
01:20:15,624 --> 01:20:22,044
and it continues to lift, then it's smooth sailing to get rid of these shitbag communists

1398
01:20:22,044 --> 01:20:26,204
and these sons of bitches in fucking Congress and the Senate.

1399
01:20:26,204 --> 01:20:27,884
They get rid of the Elizabeth Warrens.

1400
01:20:27,944 --> 01:20:29,024
They get rid of the AFCs.

1401
01:20:29,044 --> 01:20:30,144
They get rid of all these fucking people.

1402
01:20:30,504 --> 01:20:32,664
Put Gavin Grusom in this fucking place in California.

1403
01:20:32,784 --> 01:20:34,204
That guy should be in fucking irons anyway.

1404
01:20:34,524 --> 01:20:34,724
All right.

1405
01:20:34,864 --> 01:20:40,344
What any of them were doing over in Munich, negotiating, lobbying with foreign governments,

1406
01:20:40,864 --> 01:20:49,524
shitting on the United States to foreign leaders in a foreign country, and your governor, excuse me?

1407
01:20:49,724 --> 01:20:51,164
Why do we stand for this?

1408
01:20:51,384 --> 01:20:53,744
That's not acceptable.

1409
01:20:54,204 --> 01:20:55,244
And yet somehow we do.

1410
01:20:55,244 --> 01:20:57,364
Oh, because there are no rules.

1411
01:20:57,804 --> 01:20:59,404
They can do whatever the fuck they want.

1412
01:20:59,544 --> 01:20:59,904
Bullshit.

1413
01:21:00,224 --> 01:21:01,244
Don't ever forget that,

1414
01:21:01,424 --> 01:21:04,404
while I'm not Mike Flynn's biggest fan,

1415
01:21:04,904 --> 01:21:05,684
at the end of the day,

1416
01:21:05,784 --> 01:21:07,824
getting rid of him over the fucking Logan Act

1417
01:21:07,824 --> 01:21:09,744
was unbelievable,

1418
01:21:10,544 --> 01:21:12,784
given what Grusom and company just did.

1419
01:21:13,004 --> 01:21:14,284
It's one thing for a private citizen

1420
01:21:14,284 --> 01:21:15,524
like Hillary Clinton to do it,

1421
01:21:15,624 --> 01:21:16,544
because she's a private citizen.

1422
01:21:17,564 --> 01:21:19,904
Gavin Grusom is the fucking governor of California,

1423
01:21:20,544 --> 01:21:24,244
and doing diplomacy with foreign governments

1424
01:21:24,244 --> 01:21:25,744
at the Munich Security Conference.

1425
01:21:26,544 --> 01:21:27,524
Yeah. Okay.

1426
01:21:28,104 --> 01:21:33,324
My final question is, it seems like the boot is on the neck of the Bitcoin price

1427
01:21:33,324 --> 01:21:35,324
for the last year.

1428
01:21:36,644 --> 01:21:39,904
Is there a political fight over the Bitcoin price?

1429
01:21:40,024 --> 01:21:40,524
I think so.

1430
01:21:40,524 --> 01:21:43,164
I think this is where we're watching.

1431
01:21:43,784 --> 01:21:46,384
I mean, it's interesting that Bitcoin and gold seem to be,

1432
01:21:46,724 --> 01:21:49,364
on a day-to-day basis, it's almost like one-to-one, right?

1433
01:21:50,224 --> 01:21:53,364
Whenever gold is up, Bitcoin seems to get slacked.

1434
01:21:53,824 --> 01:21:56,384
I don't know what to make of that.

1435
01:21:56,824 --> 01:21:58,804
I'm not saying that there's something there.

1436
01:21:59,164 --> 01:22:00,824
I don't know what it is, but there's something there.

1437
01:22:01,204 --> 01:22:03,044
Yeah, if the United States,

1438
01:22:03,304 --> 01:22:07,284
for years, I sat there and I had to talk

1439
01:22:07,284 --> 01:22:08,444
a lot of gold bugs off the cliff.

1440
01:22:09,164 --> 01:22:10,404
Why won't gold rise?

1441
01:22:10,544 --> 01:22:12,844
It's like, oh my God, inflation, I got this.

1442
01:22:12,984 --> 01:22:13,804
Yeah, you're right.

1443
01:22:13,984 --> 01:22:14,544
But guess what?

1444
01:22:15,024 --> 01:22:16,364
The Chinese are still accumulating.

1445
01:22:17,104 --> 01:22:18,204
Russians are still accumulating.

1446
01:22:19,144 --> 01:22:20,324
Americans are still accumulating.

1447
01:22:20,784 --> 01:22:22,924
When large players are accumulating,

1448
01:22:22,924 --> 01:22:27,404
does the price go up? No, they want to pay as little money for it as humanly possible.

1449
01:22:28,024 --> 01:22:38,104
Same thing with Bitcoin. That's the way I look at it. So I don't know. I never thought I would

1450
01:22:38,104 --> 01:22:43,204
get a chance to buy Bitcoin in the 60,000s ever again. I'm kind of happy to. So that's what I've

1451
01:22:43,204 --> 01:22:49,844
been doing. I don't buy a lot, but I buy some programmatically every month and I'm happy to

1452
01:22:49,844 --> 01:22:54,884
get more Bitcoin for my money. The same thing with gold when it's down. Right now, it sucks to have

1453
01:22:54,884 --> 01:22:59,464
to buy gold and silver. But, you know, I don't usually buy gold and silver programmatically. I

1454
01:22:59,464 --> 01:23:06,384
buy them. I have a preternatural, I don't know, after playing both those markets for so many

1455
01:23:06,384 --> 01:23:12,604
years, I have almost an intuitive gift for picking bottoms on pullbacks, on emotional pullbacks.

1456
01:23:13,024 --> 01:23:18,064
And I'm not, again, I rarely tie markets well, but it seems that whenever I want to, I'm ready

1457
01:23:18,064 --> 01:23:24,564
to buy physical gold and silver, I almost always pick a bottom. When you do it right,

1458
01:23:24,684 --> 01:23:29,544
every once in a while, you have so few opportunities to say, yeah, I did something right in the

1459
01:23:29,544 --> 01:23:33,604
markets because the markets always kick your ass, right? I can tell you a hundred stories about all

1460
01:23:33,604 --> 01:23:37,284
the things I did wrong, but I get to tell you three or four times in my life I've done it right.

1461
01:23:38,084 --> 01:23:43,844
It's about the only thing I ever get right. So I certainly didn't get Bitcoin right. I made a big

1462
01:23:43,844 --> 01:23:49,804
buy in the 80s not a big buy but i bet you know an oversized buy for me in the 80s and i don't you

1463
01:23:49,804 --> 01:23:54,204
know i don't really feel too bad about it but you know kind of feel trapped in that position too so

1464
01:23:54,204 --> 01:23:59,544
oh well it'll come back i'm not worried about it and when it does we won't care whether we bought

1465
01:23:59,544 --> 01:24:03,764
in the 80s or the 60s because it'll be 300 and will it really freaking matter you know what i

1466
01:24:03,764 --> 01:24:08,004
mean like that's what's going to happen next but it's going to be a slog between now and then

1467
01:24:08,004 --> 01:24:13,124
bitcoin now has everybody's attention so therefore it's going to be all harder slog than it's been

1468
01:24:13,124 --> 01:24:15,364
in the past. The first move

1469
01:24:15,364 --> 01:24:16,844
up to $100,000 was the easy part.

1470
01:24:17,524 --> 01:24:19,464
Because intelligence services

1471
01:24:19,464 --> 01:24:21,204
could use it to move illicit money

1472
01:24:21,204 --> 01:24:23,384
around and this and that and everything else.

1473
01:24:23,784 --> 01:24:25,244
Building out the infrastructure, not

1474
01:24:25,244 --> 01:24:26,584
enough coins, too many people.

1475
01:24:27,404 --> 01:24:29,224
Hey, man, let it go up because we're making

1476
01:24:29,224 --> 01:24:30,484
money on both sides of the trade.

1477
01:24:31,164 --> 01:24:33,244
Now, we want to use

1478
01:24:33,244 --> 01:24:35,244
it for real. We want to use it to free people

1479
01:24:35,244 --> 01:24:36,684
from

1480
01:24:36,684 --> 01:24:39,244
the drudgery? Oh, no, now we're going to

1481
01:24:39,244 --> 01:24:41,124
demoralize the shit out of you. What else

1482
01:24:41,124 --> 01:24:43,104
is new. They're going to do it to

1483
01:24:43,104 --> 01:24:44,304
silver now for the next three months.

1484
01:24:45,604 --> 01:24:46,484
It'll be a good time

1485
01:24:46,484 --> 01:24:48,964
if you're willing to wait and

1486
01:24:48,964 --> 01:24:51,324
be patient. Buy silver at StinkBits.

1487
01:24:51,764 --> 01:24:53,144
Thank you so much, Tom. It's been

1488
01:24:53,144 --> 01:24:55,144
so dope as always. I'll leave it to you

1489
01:24:55,144 --> 01:24:57,204
for any parting words and let people know where they can find you

1490
01:24:57,204 --> 01:24:58,804
in your work. Sure. Thanks, Cedric.

1491
01:24:58,984 --> 01:25:01,164
I know you never really get to speak

1492
01:25:01,164 --> 01:25:03,104
much when we do one of these. I just go on a rant

1493
01:25:03,104 --> 01:25:03,664
for half an hour.

1494
01:25:04,744 --> 01:25:06,984
I usually stop once my

1495
01:25:06,984 --> 01:25:08,964
voice starts to go. As always, you can follow

1496
01:25:08,964 --> 01:25:11,444
Y'all can follow me on Twitter at TFL1728.

1497
01:25:11,904 --> 01:25:15,644
I don't know that a worse version of me will show up on Twitter than what showed up tonight.

1498
01:25:16,164 --> 01:25:19,524
But because Cedric always gets the best out of me late in the afternoon.

1499
01:25:19,944 --> 01:25:24,364
And then, of course, Patreon slash Gold Goats and Guns, where you guys can sign up and support us on a regular basis.

1500
01:25:24,364 --> 01:25:26,704
And if you need to get more of this, well, then that's how you do it.

1501
01:25:27,524 --> 01:25:28,764
And we'll call it that.

1502
01:25:29,164 --> 01:25:32,444
And as always, man, it was good catching up with you.

1503
01:25:32,544 --> 01:25:37,104
And we'll definitely have to do it again in the real world and meet space.

1504
01:25:37,104 --> 01:25:37,664
For sure.

1505
01:25:37,984 --> 01:25:38,924
Always a pleasure, Tom.

1506
01:25:38,964 --> 01:25:39,784
Take care.

1507
01:26:08,964 --> 01:26:10,664
And I'll catch you in the next one.