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They're losing control of the gold market.

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They're losing control of the silver.

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They've lost control of the silver market.

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They've lost control of the gold market.

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Now the big question is, are they going to...

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The definition of money is changing.

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It is becoming digitized or it's becoming tokenized.

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I know that sounds risky.

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To Bitcoiners, that sounds like, oh my God, those are just shit coins.

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I'm like, well, good news for you.

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I understand also that you guys feel that US dollars are shit coins.

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I'm going to be honest with you.

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I don't even disagree with the sentiment.

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It is a perpetual war.

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You're always fighting this impulse for people to want to rule over other people.

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If you read the Constitution carefully, folks, if you think Trump's a dictator now,

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you ain't seen what the president can actually do.

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Now he knows.

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And he's executing like he knows.

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Are we going to stand up like men and say we want to live free?

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Or are we going to...

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How many Americans do you think are aware of any of this?

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What is real?

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How do you define real?

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You can't jump into cash.

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Cash is trash.

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What do you do? You get out.

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Tom Luongo is the publisher of Gold, Goats, and Guns,

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where he speaks truth and destroys narratives about politics, markets, and cultures.

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Tom, welcome back to the Bitcoin Matrix for the fifth time.

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How are you?

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I'm good, Cedric.

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How are you?

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Wow, it has been five times, isn't it?

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Yeah, this is the fifth go-around.

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So I'm excited to chat with you.

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Things are fine, but I will admit I think I'm a little black-pilled.

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Really?

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I would.

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Yeah.

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Never.

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so you know and we we've seen each other a few times but i haven't gotten

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to really speak with you directly so i'm hoping to kind of maybe get you know the tom lulongo

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thesis as of right now oh jesus i could prompt you with a couple of subjects but no no it's fine

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i got no the the to uh remind everybody the the so it's such a story about we uh we do dinner

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down in Tampa every once in a while.

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He, myself, a couple other people, Paul Tarantino, right, from a –

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By Federal.

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Yeah, and a few others, right.

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And then the last time we had a great opportunity to sit down

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and have a long dinner with Martin Armstrong, which was a lot of fun as well.

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So – and, yeah, so in those talks, I think the last time we went to dinner,

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I think you were at the far end of the table the last time we went,

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And then it's a crowd of 13.

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And then this time it was, you know, Marty was the center of attention.

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So, no.

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So what's going on now is it's if you don't hang with the basic argument,

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and if you don't buy the basic argument that I'm about to make,

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then you might as well shut the podcast off because you and I are not going to have anything to talk about.

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Simply put, you have to accept the fact that the game that Trump is actually fighting, is playing, is much different than the game everybody thinks he's playing.

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I think the best way I've described it recently is that we all exist.

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We all kind of every day we get up and we interface the game, the great game of geopolitics and markets and all of this and who runs the world and all of that.

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And we see it at the ground level.

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We see it at the middle management level.

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right we see it at the hillary clinton level at the jim comey level at the um you know at the

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the not even the george soros level because i think soros is that best upper management guys

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like larry fink and blackrock are also upper management they're not really the actual game

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so what you have is at least three strata right of of things going on here you have you know the

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lieutenants who are doing stuff on a day-to-day basis out in the world you have then have the

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upper management who run all the big corporations and supposedly the countries, but there's really

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not all that much difference between the particular countries and the corporations that we're

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talking about here, the Black Rocks, the Microsofts, the Bill Gates Foundations, the Ford Foundations,

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the European Union, you know, whatnot. And then you have the strata above that. Then you have the

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people who nominally I would put under that rubric of Davos, but it's actually, it's much more

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pointed than that. The older I get, the more I do this, the more I realize that, you know,

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what I used to call Davos is, you know, still is this upper management. And now it's a much more

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rarefied game. And it's the king of England. It's the old banking cartels of Europe. It's,

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it's the people, as I like to put it, the real bankers and the real movers and shakers of the

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world don't have Wikipedia pages. They bank, they have banking relationships with banks you've never

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heard of. Right. I mean, I hate to like be blunt about this, but you know, the whole concept of the

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high table and the unseen world in John Wick is probably closer to the truth than we would like

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to be, than we would all like to be comfortable with. And we find it almost kind of comforting

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that we could have this game that Keanu Reeves and company play with lots of guns and everything

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else in the John Wick movies. But the reality is, is that the high table really is what we're

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talking about here. It's this unseen layer of organized crime, assassins, drug traffickers,

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human traffickers, you know, they traffic in little girls and porn and all of this stuff,

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drugs, all of it around the world. And that's their cash flow. And that's the cash flow of

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the crap that we see every day when we see a bunch of, you know, kids in black block

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running around the streets of Chicago and Portland, you know, attacking ICE agents and

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the local police departments turning a blind eye to it. Right. And then we get angry about it.

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And then we say, well, look, see, Donald Trump doesn't have this shit under control.

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Well, he's the reason that they're doing shit like that now is because he is fighting them at that level.

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That's why he's blowing boats out of the water off the coast of Venezuela.

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It's why he's killing. It's why he's deporting Trandiagua.

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It's why they're fighting him and say, well, these are real people.

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They've been here for 15 years. So what? They've been here for 15 years running drugs and kids and everything else.

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And like, I'm sorry, but that's the reality.

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So then when you look at the move, counter moves that have been happening, every time Trump puts pressure on them in one arena, they fight back in another arena.

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And so what we're dealing with literally right now, Cedric, and I talked about this this morning for my patrons on the Sunday Market Report, that the civil war is on.

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It's actually been going on for a while, but the civil war in the United States is happening as we speak.

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Everything you're seeing out of the Democrats with the shutdown, with the way they're going about the shutdown, it's all tied absolutely directly to trying to stop Trump from recapitalizing the middle class through the plan of action that he has that he's clearly trying to implement.

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which is the lower regulations, deport all the illegals, change the immigration system, cut the regulations in half, try and get taxes lowered, fire a whole bunch of federal staff, get rid of the managerial state, and all of that.

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And that all cuts at various levels and attacks all of their funding.

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So when you think about how you beat a big unseen enemy like that, you don't send Keanu Reeves in with an unlimited supply of ammunition.

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That's a metaphor.

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The unstoppable killing machine of John Wick really is a man of supreme will.

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And I'm not talking Donald Trump as John Wick here.

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I'm just saying that John Wick exists as an idea that we're going to have infinite will to do what's necessary to take these people down, no matter how much it costs us, no matter how much violence is going to be applied against us.

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That's where we are.

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So we watch Trump, and what's he doing?

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He's attacking their funding at three very, very important levels.

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The first level was USAID and the NGOs.

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It was the money, it was the public money that he had direct access to as the Article 2 executive of the United States.

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The second layer is the more dangerous layer.

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That's the one they're fighting him on now, which is the cartels, the organized crime, the private money, and all of the government-related money laundering that goes on.

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Remember, you know, the organized crime layer that upper management or the unseen layer interacts with, you know, they interact with the various organized crime families and organizations around the world.

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They're interfaced directly with all the IC, you know, intelligence communities of all the major countries in the world.

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So that link has to be broken.

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And that money has to dry up.

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And you have to attack that process.

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So it's a two-pronged assault.

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Right. First, it's D.N.I. Gabbard going after various people within the intelligence community, outing them, firing them when necessary or whatever.

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And then the other side of it is, of course, sending Tom home and in with ice and, you know, arresting them all and then watching the response.

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So now, once you view this as a big friggin' gang war, as a turf war of epic proportions, then you realize that this is a war, and that engenders anxiety in the normal people because they see it as just chaos.

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But it's not chaos.

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It's war.

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Okay?

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And war is fought strategically.

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and that means you're seeing a whole variety of different actions being taken of the different

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of varying different types if i just saw chaos said i wouldn't come up here and try and blow

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literal smoke up your ass and say it wasn't that if i didn't actually see what i thought like if

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if i had a plan to take these people out when it comes to bitcoin the rules are simple run your own

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node, hold your own keys, and protect your seed phrase. That's where MicroSeed comes in.

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Unlike bulky backups, MicroSeed is stamped onto a tiny steel washer. Fireproof, waterproof,

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and so small you can carry it anywhere or hide it in plain sight. Go to MicroSeed.io and use the

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code MATRIX for a discount on your order. It would look a lot like what Donald Trump is doing.

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I never really had a plan.

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I just kind of, I had like a vague idea in my head,

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but the more I started watching it play itself out,

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I'm like, oh, that's what he was doing.

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The more I talked to people who have military backgrounds

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and whatnot, who understand this type of action,

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this kind of theory of action.

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And we, you know, I see one part of it

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in the financial markets, they see another part of it,

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you know, in the, you know,

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in the information warfare space or whatever.

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We all come to the same conclusion.

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This is what's going on.

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And Trump is taking on, has taken on a massive war.

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It's a multi-front war because it has to be a multi-front war.

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Because if he doesn't take on all fronts at the same time, then he gets outmaneuvered,

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which is what happened to him in his first term, right?

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But he didn't have the infrastructure.

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He didn't have the personnel.

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He didn't have the backing of the people.

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He didn't have a strong enough Russia.

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He didn't have a strong enough China, relatively speaking, or committed Russia and China.

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to then actually have his flanks on a variety of,

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because they're all fighting the same war.

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So now you have the three biggest powers in the world

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fighting the entrenched, you know, centuries-old power

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that has attacked all of them over the course of centuries.

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How many times have the British gone to war by proxy with the Russians?

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How many times have we watched them try to destroy China as a civilization?

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Same thing with, and how many times have they gone in and tried to destroy the United States?

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Like, I've said it before, and I'll say it without, I'll keep saying it until people finally get it.

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Everybody gets it.

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The British are still butthurt about Cornwallis having to surrender at Yorktown back in 1781.

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And they're still trying to figure out how to win the war.

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And so, you know, when I had that first insight, I didn't really understand what it meant.

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It's been four years. I'm like, that's the insight. Okay. Now, dude, you got to come up

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with receipts. You got to like, you have to spend time filling that in and making that not look like

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you're just a crazy person spouting off the top of your head, which at the time,

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maybe four years ago, I was like, I saw some things and I went, this feels like

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the British being the British. But now I go, now I spend a lot of time talking about this stuff.

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And I uncover all these fellow travelers who have been doing all the work over all these years.

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I've got my friends, Alex Cranor, I've got Matt Arad, I've got the women over at Promethean Action, I've got my own work, I've got Richard Poe, I've got all these people in the back in this corner of the internet conversation, and they're all, you know, saying, oh, by the way, did you know this, did you know that?

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So at the end of the day, let's think about this.

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What was the War of 1812 fought over?

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It was basically the first attempt to try and destroy the United States.

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What was the Civil War?

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like the civil war was the first attempt to color revolution in the united states by the british

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they radicalized the abolitionists in the northeast they created a they created a complete

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you know shit show between north and south over slavery and then you know they fomented both sides

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shook the ant jar and then watch them watch us kill each other now guess what we're watching the

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same kind of thing play itself out between Russia and Ukraine, right? It's the same, you know, the

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mechanisms are exactly the same. And, you know, they, and they successfully pulled this off

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between, you know, the various factions within Tsars, Russia, leading up to the fall and the

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fall of the Tsars and, and in the end of World War I. And literally, if you go through World War

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I, you think of it from that perspective, World War I was fought to destroy both the Russian

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Empire and the Ottoman Empire, and it was very successful. And it also subsumed the Americans

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into the British system of debt, central banking, and everything, and the first real attempt to

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break down the very robust separation of powers that we had in the United States by giving us

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both the income tax and the direct election of senators, all in 1913. I'm kind of jumping all

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over the place here. But, you know, what I'm getting at is that I never really, you know,

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before December of last year, I never really thought Donald Trump understood all of this.

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I think I thought, well, maybe he understands a little bit of it. And then he sends Elon Musk

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over to the UK and sends him after Keir Starmer over very specific issues. And I'm like,

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nah

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really okay

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and then I

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and then I

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and then I

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and then I

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and then I

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started reviewing

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like you know

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Trump 1.0

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and his relationship

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with the Queen and this and that and how hard they fought him on you know going to visit with the Queen and all of this stuff And I like oh it so very freaking obvious that Trump has always understood what the problem was He was just completely cock from doing anything about it

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So where are we right now? We're in the middle of the war, dude. And you're either going to get

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on board and fight it or you're going to sit back and go, I'm scared. And I'm watching all

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my libertarian brethren or formerly libertarian brethren, you know, melt down and, you know,

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act like, you know, chuckle and classitarian and point fingers and scream that Trump is an

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authoritarian. Like, yeah, so was Lincoln. And guess what? Lincoln was right. I didn't feel that

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way five years ago. I do today. Why? Because the Constitution is something precious. Because

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sometimes you have to realize that the fight you're trying to win isn't the one that's right

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in front of you, the one that you're staring at and what your principles tell you is correct.

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Those principles are being used against you. Your humanity is being used against you. Your desire

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to live free and be left alone is actually being used against you, is actually working against you

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because it's keeping you from self-organizing around a much more organized and ruthless opponent.

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So at some point, you have to just realize it's a war.

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And during war, there are no principles.

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There are no freaking libertarians and foxholes any more than there are atheists.

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There aren't.

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Like, that's not, war is not the time for that.

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We fight the war so that we have the chance to act like libertarians later on and let peace reign.

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But sometimes you've got to go to war in order to defend your home.

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One of the things I said this morning in the market report when I was railing about this,

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again, trying to make this point, you know, because I know my audience skews that way,

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is this.

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Do you think you have property rights?

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No.

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Of course you don't have property rights.

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You pay property tax.

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You owe the government in perpetuity or you're a feudal slave on your land,

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paying 1% to 4% in rent.

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So I got news for you.

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You wake up in the morning, you're being aggressed.

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The non-aggression principle doesn't apply, period.

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Under any circumstances, like every day, the whole rubric of your life is you are being aggressed well beyond what your principles would allow if you're a hardcore libertarian.

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Therefore, you have every right to meet force with force, or you're a pacifist, in which case you're not in the conversation because you're a pacifist.

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Okay.

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So once you're there, you understand that, okay, now how am I going to actually fight this force that has got me as a feudal slave?

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Now it gets interesting.

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Now you have to talk to all your brethren around you.

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Now you have to go talk to your community members.

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Well, who are those community members?

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Well, that's your city council, and that's your state government, and that's your federal government.

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But again, as I've been arguing, and I mean that in the classical sense, not in the contrarian sense, right?

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What I've been arguing for the last four years is about my stance on Powell with Central Bank and SOFR and raising interest rates and everything else.

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What I've been arguing is that the Central Bank may be evil, but it's like everything else in conception relative to your principles.

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but what it really is in reality is a tool. And in the financial space, it can be a tool for good

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or it can be a tool for evil, depending on how you define good and evil. In this case,

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I'm going to define good as defending the sacred honor of the U.S. Constitution. Why? Because the

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U.S. Constitution is a miracle. It is the only founding document of any stripe on the planet

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that puts the people above the government, in theory, right?

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Now, of course, it doesn't operate that way today,

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but that doesn't mean that the idea of the Constitution

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should be just thrown out because it's bailed.

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We should want the Constitution to be reinstated.

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And why would we have the old kings of Europe

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be so dead set on destroying the Constitution?

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Well, there's two reasons. One, obviously the Constitution empowers the people to be able to say, you know what, sorry, fuck globalism. And fuck them. The second thing is more philosophical. It's not practical, it's philosophical.

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And philosophically, they're saying to you, they have, quote, unquote, the divine right of kings or whatever you want to call it.

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They have the right to rule because they are superior beings and you have to be their travel slaves.

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Well, if you look at parliamentary systems, you look at all the chargers of every other freaking country on the planet,

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it doesn't say we the people are trying to ordain this constitution to create these limited powers of our federal government.

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That's like waving a red flag at a bull, okay?

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Philosophically, it's diametrically opposed to who these people are.

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They believe they have the right to rule you.

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America says no.

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No one has the right to rule anybody.

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And we're going to create a government that is limited in scope in order to enforce and help protect the rights of the people.

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Now, we can argue philosophically whether that arrangement is even good or not, but that doesn't matter.

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Fundamentally, that's far fucking better than everything that they have.

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And if we allow them to destroy the Constitution, we allow them to destroy the United States,

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then it's going to validate, and that's the goal here, to demoralize you and invalidate the very concept of self-rule at a philosophical level.

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They will have proven that all of this individualism is a bunch of crap and that they win and it might make right.

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Right?

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That's philosophically the way they think.

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That's philosophically the way they've structured the argument.

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That's fundamentally the war we're fighting.

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And so while we can have great highfalutin arguments about decentralization versus centralization and this, that, and everything else, none of that matters right now.

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because right now this is it for all the fucking marbles are we going to stand up like men and say

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we want to live free or are we going to argue amongst ourselves about the placements of commas

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versus semicolons and whether or not you know the i think that whether or not for example the fanny

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and freddy ipo is you know libertarian enough or not like fuck you like this is the this is the

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thing. Like, we're here to discuss whether or not we can, what the order of operations is to get to

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the place where we can have the highfalutin arguments about the limits of individualism.

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Okay? And if you want to understand why I've come to this, really come to this conclusion,

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it's because I've watched the individualist left, otherwise known as the Marxists.

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they believe in pure they they believe in the pure and utter individuation right 75 fucking

295
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genders ltbtq ita plus the bbq sauce like it's all identitarian politics is at its core ultimately

296
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wants to break everything down to the same things hardcore libertarians do the individual sovereign

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it's why the political circle the political spectrum is not aligned to the circle and therefore

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hardcore Marxists and hardcore libertarians practically are exactly the same. And they

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purity spiral in exactly the same way because of the way our brains work physically. So now,

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with that said, we're watching how individualism is being used to drive people

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crazy through this mind virus of the unquenchable envy of Marxism. It's no different

302
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than the unquenchable oppositional defiance disorder of hardcore libertarians.

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It's no different.

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I know this.

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I used to be one.

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And so you step back and you look at it and you go,

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they're both being empowered now,

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one to stay out of the game

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and the other one to be the frigging literal brown shirts,

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or in this case, black shirts,

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to undermine the entire scenario.

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So the hardcore libertarians sit there and do nothing but complain about Trump doing everything wrong.

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Meanwhile, Antifa's running around like freaking, you know, like crazed jackals, trying to create another Fort Sumter.

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Like, it's all just bullshit.

315
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At the end of the day, Trump has been elected to rule and to run the country.

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And that means all enemies, foreign and domestic.

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like it or not that means

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bait them into making bad

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making bad decisions and then roll them all up

320
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in flour go for the wet spot and put them all in fucking jail

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and if they resist shoot them

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he has that power as president

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he's always had it

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and so that's where we have to be

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I hate to say it but that's where we have to be in our thinking

326
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Is this a war, a perpetual war, or is this like a war that's going to kind of come to an end by the end of Trump's term?

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It is a perpetual war. You're always fighting this impulse for people to want to rule over other people.

328
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That is the way it is always going to be. It's a perpetual war in that respect, which is part of the reason why Marxism doesn't really work, and neither does libertarianism, because there's 1 to 5% of the population that are both sociopaths and psychopaths.

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The question, of course, we should be having is, or the discussion we should be having is, what systems do we put in place that minimize the effect of psychopaths and sociopaths on our society?

330
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We have chosen the path of maximalization, right?

331
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We have nothing but psychopaths and sociopaths ruling us right now and saying that they're justified.

332
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So I'm all for carrying the old system down.

333
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Don't get me wrong.

334
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but the war we're fighting this particular phase of this war of the eternal war and the acute

335
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nature of this war which right now is literally world war three being fought in multiple venues

336
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at the same and and at this at different levels in the same same areas of financial geopolitical

337
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cultural, militarily, and whatnot.

338
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No, that's going to have a very definite end.

339
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I don't know when that end is going to be.

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My guess, three to five years.

341
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These things tend to burn themselves out in terms of extreme levels of violence in about

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that amount of time.

343
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World War II was five years long, six years long.

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The Civil War was five years long, yada, yada, yada.

345
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Like the intense nature of these things is going to be about five years or so.

346
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I think we're in year one of that phase, the kinetic phase of this war.

347
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So Trump's got a lot of work to do.

348
00:27:09,720 --> 00:27:13,560
So, you know, it sounds like there's a lot of fronts here to this.

349
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And let's talk maybe more about financial, particularly money, interest rates.

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00:27:20,700 --> 00:27:23,320
I mean, money changed a lot at the end of World War II.

351
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And not for the better.

352
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I better know.

353
00:27:29,220 --> 00:27:35,580
So, I mean, is money changing now or is that more going to happen later?

354
00:27:36,360 --> 00:27:39,140
It's in the process of changing right now, and you can see it.

355
00:27:39,260 --> 00:27:39,800
So it's funny.

356
00:27:40,080 --> 00:27:41,100
You know I love Bitcoin.

357
00:27:41,720 --> 00:27:42,760
You know I love gold.

358
00:27:43,720 --> 00:27:46,980
You know I love decentralization of systems.

359
00:27:47,980 --> 00:27:53,780
So I'm watching everything that's occurring around the – so let's back up for a second.

360
00:27:54,220 --> 00:27:57,000
So yes, the short answer to your question is yes.

361
00:27:57,900 --> 00:27:59,860
The Europeans are desperate to go to a digital euro.

362
00:28:00,660 --> 00:28:02,400
They all don't, at the same time,

363
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they know that doing so will create

364
00:28:04,200 --> 00:28:06,600
a large amount of capital flight

365
00:28:06,600 --> 00:28:09,720
out of the European space, right?

366
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The European capital space.

367
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So now they're working very, very hard.

368
00:28:13,100 --> 00:28:14,280
And you know that they're desperate

369
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to try and keep that,

370
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keep the capital that exists within Europe there.

371
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So they're putting up capital controls left and right.

372
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The thing I saw this morning

373
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that really got me interested.

374
00:28:25,500 --> 00:28:27,380
Somebody threw it at me on Twitter this morning

375
00:28:27,380 --> 00:28:29,700
that the Bank of England, for example,

376
00:28:29,780 --> 00:28:31,160
Andrew Bailey over at the Bank of England

377
00:28:31,160 --> 00:28:34,300
wants to limit the amount of holding,

378
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the amount that any British citizen

379
00:28:37,720 --> 00:28:41,080
can hold in U.S. dollar stable coins to $10,000.

380
00:28:42,620 --> 00:28:44,180
Because they know what's coming.

381
00:28:44,880 --> 00:28:48,740
They know that when the Clarity Act finally gets passed,

382
00:28:48,820 --> 00:28:49,860
the Genius Act's been passed,

383
00:28:49,920 --> 00:28:51,440
but the Clarity Act has not.

384
00:28:51,440 --> 00:28:54,000
And that ties into the shutdown, I believe.

385
00:28:54,560 --> 00:29:14,680
When you realize that once that framework is in place and the United States can literally issue greenbacks around the Federal Reserve through the Treasury directly in the form of U.S. dollar stablecoins and empower the local and regional banks through that kind of mechanism,

386
00:29:14,680 --> 00:29:28,120
That means that we could have offshore dollar holders in U.S. dollar stablecoins as, you know, and there's going to be international ones like Tether.

387
00:29:28,260 --> 00:29:29,700
There's going to be domestic ones.

388
00:29:30,340 --> 00:29:31,360
Think your local bank.

389
00:29:31,400 --> 00:29:34,820
I don't care if it's Truist or Wells Fargo or whomever.

390
00:29:34,900 --> 00:29:39,700
They're all going to issue their own stablecoins based on their own book portfolio, right?

391
00:29:39,700 --> 00:29:50,160
Right. So Bailey is desperate to keep everybody from leaving the pound once they, you know, once they finally close the door.

392
00:29:50,600 --> 00:29:53,940
So once they, in Jerome Powell's words, close the fucking door. Right.

393
00:29:54,260 --> 00:29:58,640
So, yeah, the definition of money is changing.

394
00:29:59,140 --> 00:30:09,640
It is becoming digitized or it's becoming tokenized in a way that isn't just digitized as a as a ledger entry at the Federal Reserve or the Bank of England or the S&B.

395
00:30:09,700 --> 00:30:14,080
or the Bundesbank or the BOJ, I'm leaving out the ECB because I don't think they're going to survive,

396
00:30:14,560 --> 00:30:20,200
my personal opinion, and then the BIS and all the rest of that stuff.

397
00:30:20,320 --> 00:30:24,520
So when you really stop to think about what we're dealing with here,

398
00:30:24,520 --> 00:30:30,060
we're dealing with the possibility of tokenization of assets, hard assets,

399
00:30:30,420 --> 00:30:36,300
that will be backed by Treasury notes.

400
00:30:36,300 --> 00:30:38,900
and what is Trump's

401
00:30:38,900 --> 00:30:40,420
and I know that sounds

402
00:30:40,420 --> 00:30:42,500
to Bitcoiners that sounds like oh my god

403
00:30:42,500 --> 00:30:44,240
those are just shit coins. I'm like well

404
00:30:44,240 --> 00:30:47,280
I understand also that you guys feel

405
00:30:47,280 --> 00:30:49,940
that US dollars

406
00:30:49,940 --> 00:30:51,780
are shit coins. To be honest with you

407
00:30:51,780 --> 00:30:53,540
I don't even disagree with the sentiment

408
00:30:53,540 --> 00:30:54,740
but

409
00:30:54,740 --> 00:30:57,840
what's important

410
00:30:57,840 --> 00:30:59,320
is to realize that

411
00:30:59,320 --> 00:31:01,220
everything that Trump is doing

412
00:31:01,220 --> 00:31:03,840
in DC

413
00:31:03,840 --> 00:31:05,760
is to

414
00:31:05,760 --> 00:31:19,800
lessen the percentage shit in the shitcoin that is the dollar backed by US Treasuries What I mean by that is we going to see a lot less debt being issued

415
00:31:21,400 --> 00:31:23,880
This shutdown may wind up balancing the budget.

416
00:31:25,360 --> 00:31:28,120
I mean, there's a lot of moving parts to all of this,

417
00:31:28,280 --> 00:31:31,220
and so I'm going to try and lay some of it out here.

418
00:31:31,220 --> 00:31:35,320
But the shutdown is very, very interesting

419
00:31:35,320 --> 00:31:39,280
because it doesn't work politically for the Democrats at all.

420
00:31:39,640 --> 00:31:42,180
They're going to get roasted for this.

421
00:31:42,320 --> 00:31:43,620
They're not going to win this fight.

422
00:31:44,560 --> 00:31:48,360
They're the ones that shut down the government over giving free health care to illegals.

423
00:31:49,140 --> 00:31:50,440
So why are they doing it?

424
00:31:51,700 --> 00:31:55,260
Is it because AOC is running for president or for Chuck Schumer's seat?

425
00:31:55,500 --> 00:31:56,440
He's all worried about it?

426
00:31:56,440 --> 00:31:57,340
No, that's all bullshit.

427
00:31:57,880 --> 00:31:59,240
None of that matters.

428
00:31:59,520 --> 00:32:01,780
This is a directive from upper management.

429
00:32:02,120 --> 00:32:07,120
This is a directive from DABOS, the high table, whatever you want to call them.

430
00:32:07,600 --> 00:32:07,980
Why?

431
00:32:08,440 --> 00:32:09,480
What's the big deal?

432
00:32:09,640 --> 00:32:11,100
What are they trying to stop?

433
00:32:12,140 --> 00:32:16,940
Well, I would argue the two things they're trying to stop are at a minimum,

434
00:32:16,940 --> 00:32:23,120
and there's probably other things that Trump is trying to get done that I haven't thought of or addressed yet,

435
00:32:23,300 --> 00:32:27,240
and I'm sure will come out as we watch this shutdown evolve.

436
00:32:27,860 --> 00:32:32,980
The first thing I thought of was the realist thing and the IPO of Fannie Mae and Freddie Mac.

437
00:32:33,560 --> 00:32:35,900
I'll get to why that's so important in just a minute.

438
00:32:36,180 --> 00:32:38,100
The second thing is what I just touched on.

439
00:32:38,100 --> 00:32:44,540
the passage of the Clarity Act, which is stopping the process of creating the U.S. dollar stablecoin

440
00:32:44,540 --> 00:32:49,460
system that Scott Besson so desperately wants. But at the same time, so that's what they're

441
00:32:49,460 --> 00:32:58,240
trying to stop. What are they empowering, though, on the other side? The shutdown is X. It means X.

442
00:33:00,020 --> 00:33:06,180
It happens. It has bad effects that they want, and it has good effects, or the other way around,

443
00:33:06,180 --> 00:33:13,080
depending on your point of view. So the weapon, the shutdown is being used for these things on

444
00:33:13,080 --> 00:33:17,160
this side of the ledger, Fannie and Freddie, Stop the Clarity Act, I'm sure there's four or five

445
00:33:17,160 --> 00:33:23,140
other things they want to create. On the other side, what's good? Well, it gives Russ Voke the

446
00:33:23,140 --> 00:33:28,360
opportunity at OMD, and I know I mentioned how important he was to you previously,

447
00:33:29,020 --> 00:33:36,060
to go through and finally implement the 1.3 to $1.5 trillion in cuts that, you know,

448
00:33:36,060 --> 00:33:42,280
he identified before he any, you know, Trump ever even took office. He has, he's already,

449
00:33:42,480 --> 00:33:48,600
I'm telling the vote knows at OMB and he has his group out over at OMB. They already know what they

450
00:33:48,600 --> 00:33:53,320
want to cut. They've known for three years what they wanted to cut if they ever got back into

451
00:33:53,320 --> 00:34:00,980
power. So that's why Trump let it be known that he's now all of a sudden the guy everybody should

452
00:34:00,980 --> 00:34:08,180
be afraid of. But they held vote in the background, and nobody even knew his name. I knew it was

453
00:34:08,180 --> 00:34:17,060
coming, right? Because I knew where the cuts had been identified, who would actually then have,

454
00:34:17,060 --> 00:34:27,040
and then what would be the conditions to create the opportunity for those cuts to be implemented?

455
00:34:27,040 --> 00:34:40,500
Well, the shutdown. One of the things that Peter St. Onge brought up the other day on the first day of the shutdown on October 1st is that it takes to fire a federal employee, you got to give them 60 days notice.

456
00:34:42,020 --> 00:34:52,120
So the first 60 days of the shutdown don't really mean anything other than we're not spending money, which in and of itself is a great thing.

457
00:34:52,120 --> 00:34:57,940
But on day 61, all those federal employees they want to fire, they've already had their 60 days notice.

458
00:35:00,780 --> 00:35:03,140
On day 61, they're all permanently fired.

459
00:35:03,880 --> 00:35:10,040
They're not going to come back after day 61 with their back pay and everything else.

460
00:35:10,220 --> 00:35:10,920
Not going to happen.

461
00:35:11,540 --> 00:35:12,540
They will be fired.

462
00:35:13,300 --> 00:35:15,700
And that will mean British agents that work.

463
00:35:16,120 --> 00:35:22,100
I'm thinking specifically about imagine the list that Tulsi Gabbard has amassed over at DNI.

464
00:35:22,120 --> 00:35:24,320
over all the intelligence agents

465
00:35:24,320 --> 00:35:25,980
and all of those guys,

466
00:35:26,320 --> 00:35:28,480
the MI6 assets, the Mossad assets,

467
00:35:28,860 --> 00:35:30,640
the fucking CCP assets,

468
00:35:31,020 --> 00:35:33,120
the FSB assets, Russian assets.

469
00:35:33,560 --> 00:35:35,360
There's tons of them.

470
00:35:36,060 --> 00:35:38,320
There's the Obama holdovers.

471
00:35:38,660 --> 00:35:41,960
All of those people, every one of them, right,

472
00:35:41,960 --> 00:35:44,320
can be fired summarily

473
00:35:44,320 --> 00:35:51,620
by destroying their infrastructure.

474
00:35:52,120 --> 00:35:53,800
which is already getting destroyed.

475
00:35:56,140 --> 00:35:58,300
Same thing in the IRS.

476
00:35:58,620 --> 00:36:00,500
Same thing at, I don't know,

477
00:36:01,000 --> 00:36:03,640
Energy, Department of War,

478
00:36:04,060 --> 00:36:04,620
all of it.

479
00:36:06,560 --> 00:36:07,900
Tomorrow, gone.

480
00:36:08,120 --> 00:36:09,060
Grants, gone.

481
00:36:09,360 --> 00:36:10,580
DEI hires, gone.

482
00:36:12,040 --> 00:36:13,640
Payments to NGOs, gone.

483
00:36:14,780 --> 00:36:16,200
Not discretionary.

484
00:36:16,580 --> 00:36:17,260
Not important.

485
00:36:18,560 --> 00:36:20,920
While they continue to go through

486
00:36:20,920 --> 00:36:26,740
the social security rolls and find out where all the fraud is and medicare fraud and i remember

487
00:36:26,740 --> 00:36:32,900
you know i've said like you know i i sat here for a couple of years as the only guy on the

488
00:36:32,900 --> 00:36:37,680
planet going i feeling like the only feeling like the only guy on the planet that we can cut two

489
00:36:37,680 --> 00:36:42,820
trillion dollars from the budget hell we spent two trillion dollars less than 2019 before covid

490
00:36:42,820 --> 00:36:47,700
than we are right now why the fuck we have we go back to the 2019 budget interestingly i put that

491
00:36:47,700 --> 00:36:50,260
you know, talking point out into the zeitgeist.

492
00:36:50,360 --> 00:36:51,940
Four months later, Rand Paul ran with it.

493
00:36:52,460 --> 00:36:54,960
Like, thank you, Senator Paul.

494
00:36:55,300 --> 00:36:57,760
One of the few goddamn good things you've done

495
00:36:57,760 --> 00:36:58,960
since you've been in office,

496
00:36:59,220 --> 00:37:00,900
since you've been in office,

497
00:37:01,280 --> 00:37:02,820
since you got your ribs broke.

498
00:37:04,140 --> 00:37:05,860
Furlan convinced that both he and Thomas Massey

499
00:37:05,860 --> 00:37:08,720
are switch hitters, not Democrats.

500
00:37:08,860 --> 00:37:11,600
I mean, working for the real bad guys.

501
00:37:13,960 --> 00:37:14,320
So...

502
00:37:14,320 --> 00:37:16,340
And I wouldn't blame them one bit.

503
00:37:16,340 --> 00:37:21,180
Of course, you know, given what's happened to both of them.

504
00:37:22,720 --> 00:37:28,220
But I don't have to support them because they utter magic words that sound vaguely libertarian.

505
00:37:28,740 --> 00:37:36,620
I'm not that codependent anymore that I need to have somebody to champion up on Capitol Hill.

506
00:37:36,740 --> 00:37:37,100
Fuck that.

507
00:37:37,820 --> 00:37:38,440
Like, I don't care.

508
00:37:39,860 --> 00:37:42,160
They speak magic words that doesn't make them libertarian.

509
00:37:43,080 --> 00:37:44,860
No, do not.

510
00:37:45,260 --> 00:37:45,580
Sorry.

511
00:37:45,580 --> 00:37:50,640
Now, so that's on the good side, right?

512
00:37:50,680 --> 00:37:57,680
You have the possibility of getting rid of unbelievable levels of the managerial state, which is the problem.

513
00:37:57,980 --> 00:38:08,500
The Supreme Court has handed Trump win after win after win after win, reestablishing his Article II powers all summer long.

514
00:38:08,500 --> 00:38:16,640
minor cases, all these injunctions, all these roadblocks, all summarily slapped down by John

515
00:38:16,640 --> 00:38:21,100
Roberts in the court. Clarence Thomas came out the other day, and a lot of people missed this.

516
00:38:23,640 --> 00:38:29,140
Hell, I missed it until somebody pointed it out to me. I think actually it was Dexter White who

517
00:38:29,140 --> 00:38:39,160
pointed it out to me, that Thomas, you know, made it abundantly clear that this session

518
00:38:39,160 --> 00:38:48,560
is going to be that judicial review and precedent will not be a guiding factor in our decision

519
00:38:48,560 --> 00:38:55,080
making process on the court. Meaning just because a previous Supreme Court made an

520
00:38:55,080 --> 00:38:59,880
unconstitutional decision in the past does not mean that we have to accept that as precedent

521
00:38:59,880 --> 00:39:10,200
and as law. Do you understand the potential of that statement? If he's got five or six

522
00:39:10,200 --> 00:39:18,500
members of the court to agree with him on that point, we could relitigate the entire

523
00:39:18,500 --> 00:39:24,720
managerial state all the way back to fucking Marbury versus Madison on the concept of judicial

524
00:39:24,720 --> 00:39:32,840
review. We talk about a real reconstruction, a real reconstruction of the Constitution.

525
00:39:33,840 --> 00:39:40,880
And all of a sudden, 90% of the things that you and I have lived under, and we've had to accept

526
00:39:40,880 --> 00:39:49,500
the piles and piles and piles of dog shit that we have been forced to eat our entire lives,

527
00:39:49,500 --> 00:39:52,460
goes away.

528
00:39:53,880 --> 00:39:57,240
Because all of a sudden, we can now read the Constitution

529
00:39:57,240 --> 00:40:00,360
and expect the court,

530
00:40:01,500 --> 00:40:04,440
we can expect how we know the court is going to act.

531
00:40:04,820 --> 00:40:06,420
We've never lived like this, Saperna.

532
00:40:07,280 --> 00:40:12,320
We've spent our entire lives living under this terrible system

533
00:40:12,320 --> 00:40:16,980
of this terrible bastardization and deformation of our system.

534
00:40:16,980 --> 00:40:32,820
And when you go back to things like the overturning of the Chevron Doctrine, right, the Chevron deference, right, which empowered, which was one of the worst decisions ever, because what did it do?

535
00:40:33,840 --> 00:40:44,820
It co-opted all three branches of government all at once and handed the power of all three major branches of government and handed it to the managerial state.

536
00:40:44,820 --> 00:41:03,720
Congress was empowered to write vague laws with no standards in them, and just say it's up to the executive branch departments to create best practices, and that is law.

537
00:41:03,720 --> 00:41:23,960
They abdicated their responsibility to write law, thereby, and then when they did that, the Supreme Court empowered the judiciary to block the president from trying to execute his powers because the Chevron deference was in place.

538
00:41:23,960 --> 00:41:34,120
unbelievably bad piece of precedent and legal thinking within the constitution.

539
00:41:34,720 --> 00:41:38,620
Interestingly enough, I was having a conversation with a friend and patron the other night,

540
00:41:38,720 --> 00:41:40,680
and he brought up a really great point.

541
00:41:41,720 --> 00:41:46,400
So if you look at the way, if you look at the strategy to destroy the United States,

542
00:41:46,400 --> 00:41:51,560
to destroy the constitution from within, what they did was you watched simultaneously

543
00:41:51,560 --> 00:41:56,840
over the last, especially the last 20, 25 years, certainly since the beginning of Bush the Lesser's

544
00:41:56,840 --> 00:42:06,160
term in 2001, was to have Congress abdicate its powers. And really it goes back to the War Powers

545
00:42:06,160 --> 00:42:13,860
Act. Abdicate its powers, hand some of the powers that it has, give those to the president. So the

546
00:42:13,860 --> 00:42:19,900
War Powers Act, for example, handed the power to declare war, which is explicitly a congressional,

547
00:42:19,900 --> 00:42:26,500
legislative branch decision. They make the decision, and the commander-in-chief executes

548
00:42:26,500 --> 00:42:33,660
on that decision. So Congress has no ability to tell the president that he's prosecuting the war

549
00:42:33,660 --> 00:42:43,140
badly, but they can only do that by taking away his power to wage war. But they can't take away

550
00:42:43,140 --> 00:42:47,940
his role as commander-in-chief. So the War Powers Act, blatantly unconstitutional.

551
00:42:47,940 --> 00:42:54,480
clearly the congress abdicating and handing the president power he shouldn't have the ability to

552
00:42:54,480 --> 00:43:00,680
declare war and then execute war should never had that but at the same time we bound the president

553
00:43:00,680 --> 00:43:07,200
down by giving his power to the legislature through the judiciary so it's like everybody's

554
00:43:07,200 --> 00:43:12,760
powers which were nicely separated and balanced against each other have all been mishmashed

555
00:43:12,760 --> 00:43:14,800
in this spaghetti of bullshit

556
00:43:14,800 --> 00:43:16,320
so that it all looks

557
00:43:16,320 --> 00:43:18,400
vaguely parliamentarian

558
00:43:18,400 --> 00:43:20,180
like they have in Europe.

559
00:43:24,000 --> 00:43:25,280
What a shock.

560
00:43:28,600 --> 00:43:29,280
Because

561
00:43:29,280 --> 00:43:33,200
if you read the Constitution carefully, folks,

562
00:43:33,860 --> 00:43:36,000
if you think Trump's a dictator now,

563
00:43:36,520 --> 00:43:38,280
you ain't seen what the president

564
00:43:38,280 --> 00:43:39,240
can actually do.

565
00:43:42,760 --> 00:43:48,300
And this is going to be the big shock for so many on the political left.

566
00:43:48,540 --> 00:43:51,380
And that's what they're having such a hard time dealing with.

567
00:43:51,800 --> 00:43:52,820
And like, Trump's a dictator.

568
00:43:52,980 --> 00:43:53,600
Trump's a dictator.

569
00:43:53,780 --> 00:43:56,680
And this is all coming straight out of fucking MI6 as far as I'm concerned.

570
00:43:57,340 --> 00:43:59,100
Nobody else has the incentive.

571
00:44:01,040 --> 00:44:02,480
The Mossad doesn't have this incentive.

572
00:44:03,820 --> 00:44:04,820
Are you kidding me?

573
00:44:04,820 --> 00:44:06,040
He's undermining fucking Trump.

574
00:44:06,200 --> 00:44:08,040
He's the Mossad's best goddamn friend.

575
00:44:09,480 --> 00:44:10,720
But MI6?

576
00:44:11,320 --> 00:44:11,980
It's a different story.

577
00:44:11,980 --> 00:44:13,680
because Assad and MI6 are not the same.

578
00:44:14,100 --> 00:44:15,220
They're downstream of each other.

579
00:44:15,660 --> 00:44:17,260
They do a lot of, it's the same thing with the CIA.

580
00:44:17,560 --> 00:44:18,460
They all have their agendas.

581
00:44:18,940 --> 00:44:22,280
Their Venn diagram does not one-to-one overlap, right?

582
00:44:22,360 --> 00:44:25,200
They have, you know, their Venn diagram of interests.

583
00:44:25,520 --> 00:44:27,000
They have some crossover in the middle.

584
00:44:27,780 --> 00:44:32,620
When you really think about what the president can and cannot do,

585
00:44:34,200 --> 00:44:37,920
and Trump has now been fully briefed on what his Article II powers are.

586
00:44:38,440 --> 00:44:40,620
He came into office in 2017, he had no idea.

587
00:44:41,980 --> 00:44:49,440
now he knows, and he's executing like he knows. And that is fundamentally different than where we

588
00:44:49,440 --> 00:44:57,420
were. And getting control of and changing the definition of a dollar is incredibly important

589
00:44:57,420 --> 00:45:04,660
because what we're now watching is a treasury secretary who knows how to manipulate the plumbing

590
00:45:04,660 --> 00:45:11,520
of the financial markets to his advantage. And the first thing he did was start draining the LBMA of

591
00:45:11,520 --> 00:45:18,900
all of its gold. Now he's draining the LBMA of all of its silver. While he openly empowers Bitcoin

592
00:45:18,900 --> 00:45:28,000
to become a collateral asset of the United States. Like he doesn't understand Gresham's,

593
00:45:28,620 --> 00:45:34,760
you know, sorry, Exeter's pyramid, you know, the inverted pyramid of the monetary system.

594
00:45:35,920 --> 00:45:41,440
Hard, pristine collateral assets for all that matter. And Besson, I think, is absolutely trying

595
00:45:41,440 --> 00:45:48,540
to grow that pile. And by getting out of the way, if not actively encouraging a higher gold price,

596
00:45:49,300 --> 00:45:51,580
so again, something that you and I have been talking about for years,

597
00:45:52,780 --> 00:45:58,160
who does that hurt? Everyone who doesn't have gold. Who doesn't have gold? Bank of England,

598
00:45:58,360 --> 00:46:05,980
Bank of Canada. Oh, Bank of England, Bank of Canada. Interesting.

599
00:46:05,980 --> 00:46:13,600
thing. The LBMA has been running an operation to suppress the price of gold and then blame it on

600
00:46:13,600 --> 00:46:17,680
the COMEX. The British do this shit all the time. They operate all these freaking systems,

601
00:46:17,840 --> 00:46:24,140
and then they blame us for it because it's always our boots on the ground doing their

602
00:46:24,140 --> 00:46:30,360
handiwork. It's always our banks getting in trouble with doing stupid deals with them or

603
00:46:30,360 --> 00:46:36,400
whatever. When globalism was ascendant, our Wall Street was fucking horrible, right? But the minute

604
00:46:36,400 --> 00:46:43,360
globalism was then trying to take out our banks, our banks were like, you know, whoa, whoa, you're

605
00:46:43,360 --> 00:46:59,460
not cutting us in on the deal Now start thinking like mob bosses This is how I came to the conclusion that Powell was working to break the central banking cartel Because at some point he works for Wall Street

606
00:46:59,700 --> 00:47:10,600
Wall Street was getting cut out of the new global order with the BIS and the IMF and the UN being the new global order.

607
00:47:10,600 --> 00:47:15,180
rolling all the national governments up into the UN,

608
00:47:16,200 --> 00:47:17,720
rolling all of Europe into the EU

609
00:47:17,720 --> 00:47:19,040
and everybody else up into the UN,

610
00:47:19,040 --> 00:47:22,540
and then subordinating the national banks

611
00:47:22,540 --> 00:47:23,900
to the BIS and the IMF,

612
00:47:24,440 --> 00:47:28,260
and then the high table runs the whole fucking world.

613
00:47:30,220 --> 00:47:33,880
I'm like, they didn't deal J.P. Morgan in.

614
00:47:34,680 --> 00:47:36,760
They didn't deal Goldman Sachs in.

615
00:47:37,960 --> 00:47:38,700
They're like, you know what?

616
00:47:39,180 --> 00:47:40,560
We can roll these fuckers.

617
00:47:40,600 --> 00:47:43,020
and they called up Putin

618
00:47:43,020 --> 00:47:44,560
and they called up Xi

619
00:47:44,560 --> 00:47:47,440
and the rest is history

620
00:47:47,440 --> 00:47:49,120
that's my read on the situation

621
00:47:49,120 --> 00:47:50,020
that's my fan fiction

622
00:47:50,020 --> 00:47:50,980
and

623
00:47:50,980 --> 00:47:55,240
I've been operating under that rubric now

624
00:47:55,240 --> 00:47:57,320
for four years, four plus years

625
00:47:57,320 --> 00:47:59,460
and I'll put my

626
00:47:59,460 --> 00:48:00,800
track record of

627
00:48:00,800 --> 00:48:03,880
calling the shots up against anybody's

628
00:48:03,880 --> 00:48:05,520
I'm not saying

629
00:48:05,520 --> 00:48:07,700
that I've been the best at it but I've been pretty damn good

630
00:48:07,700 --> 00:48:09,720
and I think it's

631
00:48:09,720 --> 00:48:11,760
I think it's been an operative.

632
00:48:12,160 --> 00:48:16,060
I think it's been more descriptive and more operative than, you know,

633
00:48:16,280 --> 00:48:18,280
any countervailing thoughts that are out there.

634
00:48:18,840 --> 00:48:22,120
I'm watching too many people just run the same script from 20,

635
00:48:22,280 --> 00:48:23,600
as if they were, this is 2010.

636
00:48:23,760 --> 00:48:25,540
I'm like, this world is not 2010.

637
00:48:26,700 --> 00:48:27,340
It's not.

638
00:48:27,940 --> 00:48:31,140
And we can have that conversation as well as to why that is.

639
00:48:31,240 --> 00:48:33,360
But that's where I am right now.

640
00:48:33,360 --> 00:48:39,760
What do you make of the political violence in the landscape?

641
00:48:40,480 --> 00:48:47,180
I make the political violence is the high table trying to or Davos, whatever you want to call them, trying to stir the pot.

642
00:48:47,460 --> 00:48:48,880
Like, it's just that simple.

643
00:48:48,880 --> 00:49:07,360
Like, when you start to watch what they're doing, it's no different than what they did in Ukraine in the lead up to the Maidan, or, you know, what they did with the Muslim Brotherhood across the Arab Spring, or what they're trying to do in Georgia right now, or, you know, Moldova, or whatever.

644
00:49:07,780 --> 00:49:10,540
It's all the same shit over and over and over again.

645
00:49:10,740 --> 00:49:17,700
The British have been running color revolutions against their opposition to their rule for 300 years.

646
00:49:18,880 --> 00:49:24,780
or more. And when I add, when I say the British anymore, I do not be in the English, right? I'm,

647
00:49:24,780 --> 00:49:28,960
I'm, I'm with my friend Ian Burlingame on this. I know, I understand there's a big difference.

648
00:49:28,960 --> 00:49:35,640
It's like Americans are not benefiting from the empire any more than little Englanders

649
00:49:35,640 --> 00:49:41,080
and Scots or Irish or Welsh benefited from the British empire, right?

650
00:49:41,080 --> 00:49:47,340
or the Dutch people benefited from the Dutch Empire, right?

651
00:49:47,340 --> 00:49:52,940
But the British really did perfect the central bank model.

652
00:49:54,060 --> 00:50:00,900
I read a great tweet the other day kind of going over the history of how the old East India Trading Company

653
00:50:00,900 --> 00:50:09,080
and the Crown Corporation morphed over time into the institutions that we know today as the World Bank,

654
00:50:09,080 --> 00:50:13,860
the IMF, the BIS, all that, post-World War II, in the post-Britain Woods era.

655
00:50:14,720 --> 00:50:17,540
And then so that, you know, while, you know,

656
00:50:17,800 --> 00:50:20,480
nominally America was in charge of the world,

657
00:50:20,800 --> 00:50:22,760
really the British were still running it from behind the scenes

658
00:50:22,760 --> 00:50:24,280
because they had control of the financial system.

659
00:50:24,500 --> 00:50:27,960
And they still had control over all of it, you know,

660
00:50:27,960 --> 00:50:32,900
through the securitization of assets and all the rest of it.

661
00:50:32,900 --> 00:50:37,540
And that's where DTCC gets into that and how none of us hold our stocks

662
00:50:37,540 --> 00:50:39,400
and stock certificates anymore.

663
00:50:39,500 --> 00:50:41,240
We hold everything in street name, blah, blah, blah.

664
00:50:41,460 --> 00:50:43,140
All of that, I mean, tokenization of stocks

665
00:50:43,140 --> 00:50:46,380
began 50 years ago with DTCC

666
00:50:46,380 --> 00:50:49,220
and holding everything in street name.

667
00:50:50,060 --> 00:50:53,220
So let me put it this way.

668
00:50:53,480 --> 00:50:56,200
I'm a little skeptical,

669
00:50:56,860 --> 00:50:59,620
a little skeptical of the whole Robinhood

670
00:50:59,620 --> 00:51:02,160
tokenization of stocks trading 24-7 thing.

671
00:51:02,300 --> 00:51:03,940
That just screams fucking city of London

672
00:51:03,940 --> 00:51:05,720
and around what's coming.

673
00:51:05,860 --> 00:51:07,340
I don't see any reason why we need

674
00:51:07,340 --> 00:51:13,420
the trade stocks 24-7, 365. None. Especially when we're trading them during off-peak hours

675
00:51:13,420 --> 00:51:18,820
when there's no liquidity and the banks are all closed and the fucking clearinghouses aren't open.

676
00:51:19,960 --> 00:51:25,180
It doesn't make any sense unless they're going to go to some kind of crypto-based settlement

677
00:51:25,180 --> 00:51:32,440
at the same time and we're going to remove the old clearinghouse network from the process. Well,

678
00:51:32,480 --> 00:51:35,920
that's a different story, but we're nowhere near that yet. I don't give a shit what anybody says.

679
00:51:35,920 --> 00:51:40,640
I don't care if we're talking about anything that Stellar's built or Ripple or this one or that one.

680
00:51:40,740 --> 00:51:42,460
No one's built that network yet.

681
00:51:42,760 --> 00:51:43,860
We're nowhere near that.

682
00:51:44,140 --> 00:51:49,080
So the fact that Robinhood is trying to push into that space now screams fucking Sydney and London,

683
00:51:49,260 --> 00:51:54,720
hey, we need to bomb the freaking market so we can set the table for the New York opener,

684
00:51:54,800 --> 00:51:56,920
for the London opener, for whatever reason.

685
00:51:57,480 --> 00:51:58,900
And we can use the back.

686
00:51:59,000 --> 00:52:01,020
And it's a backdoor way to price assets.

687
00:52:01,980 --> 00:52:05,040
So, no, the thing that needs to happen is for them to,

688
00:52:05,560 --> 00:52:06,860
they're losing control of the gold market.

689
00:52:06,940 --> 00:52:07,740
They're losing control of the silver.

690
00:52:07,840 --> 00:52:09,180
They've lost control of the silver market.

691
00:52:09,600 --> 00:52:10,760
They've lost control of the gold market.

692
00:52:11,720 --> 00:52:14,280
Now the big question is, are they going to, you know,

693
00:52:14,340 --> 00:52:16,680
when are we going to take away their control of the oil market?

694
00:52:18,740 --> 00:52:20,460
That's the last one that they really control.

695
00:52:21,680 --> 00:52:24,300
DTCC, that's the City of London entity?

696
00:52:24,900 --> 00:52:28,180
By proxy through a variety of people, but yes.

697
00:52:28,180 --> 00:52:36,000
it's a very scary thing man it's all there i i tweet i tweeted it out yesterday afternoon

698
00:52:36,000 --> 00:52:40,840
it's on my it's on my twitter feed the history of this stuff might have been this morning actually

699
00:52:40,840 --> 00:52:46,040
as a matter of fact but all that stuff and then that ties back into 9-11 and why did they pull

700
00:52:46,040 --> 00:52:51,120
building seven and bubble wall because all the dtcd records were were in building seven

701
00:52:52,000 --> 00:52:52,800
So now what?

702
00:52:53,720 --> 00:52:54,280
I don't know.

703
00:52:54,380 --> 00:52:58,220
It's just, every rabbit hole you go down,

704
00:52:58,220 --> 00:53:05,120
you find something else to corroborate what you think you know.

705
00:53:06,100 --> 00:53:09,200
My point about all of this, and I may be, again,

706
00:53:09,320 --> 00:53:10,760
I may be wrong about some of this stuff.

707
00:53:10,920 --> 00:53:11,760
I'm not going to, you know.

708
00:53:12,280 --> 00:53:15,140
What's important is understand is that who's got the incentive

709
00:53:15,140 --> 00:53:17,100
to try and keep the existing system running.

710
00:53:17,100 --> 00:53:36,780
The existing system is built on debt, taxes, and slavery by having you individually be a tokenized asset that can have your wealth extracted from you in order to pay for the interest on a sovereign bond.

711
00:53:36,780 --> 00:53:45,160
And we have to have property taxes in order to make sure that you can never really own your property so that you can never really build.

712
00:53:45,420 --> 00:53:50,980
There can be no real ability to build wealth that's outside of their control.

713
00:53:52,520 --> 00:54:02,980
So that's why Ron DeSantis is the best governor maybe this country has ever had because he's now looking at getting rid of property taxes.

714
00:54:03,400 --> 00:54:05,840
And he's the biggest state that can get it done.

715
00:54:05,840 --> 00:54:10,580
he has the money to get it done. He has the, probably has the population to get it done.

716
00:54:10,960 --> 00:54:17,020
And if he gets it done, it changes everything because, you know, that feudal serfdom that is

717
00:54:17,020 --> 00:54:24,320
property taxes, property taxes is, needs that, you know, you want to fund the schools? We'll

718
00:54:24,320 --> 00:54:27,860
figure out a way of funding the schools that doesn't tax people based on the value of the

719
00:54:27,860 --> 00:54:33,280
land. That's just bullshit. Like we can do that. We can solve that problem. We don't,

720
00:54:33,280 --> 00:54:40,480
We don't need the one-size-fits-all of property taxes.

721
00:54:41,100 --> 00:54:43,340
And for all of the people in the audience who say,

722
00:54:43,440 --> 00:54:45,160
well, how are we going to get the money?

723
00:54:45,420 --> 00:54:48,420
It's because you can't come up with a solution to the problem.

724
00:54:48,500 --> 00:54:49,780
It doesn't mean one that doesn't exist.

725
00:54:51,780 --> 00:54:54,480
And that's the biggest problem you always run into with people.

726
00:54:54,660 --> 00:54:56,540
They can't think of a solution off the top of their head,

727
00:54:56,580 --> 00:54:57,460
so therefore it can't work.

728
00:54:57,880 --> 00:54:58,500
Well, that's nice.

729
00:54:58,800 --> 00:55:00,380
I didn't realize that you were God.

730
00:55:03,280 --> 00:55:06,260
I didn't realize you were the smartest person in the world.

731
00:55:08,580 --> 00:55:12,480
No, most people who make those arguments are IQ 105 midwits,

732
00:55:13,680 --> 00:55:21,700
who've never really thought through a secondary or tertiary effect on a policy that they've advocated for in their entire life.

733
00:55:22,960 --> 00:55:27,380
And then we have to, like, you know, we're supposed to allow these people to fucking vote?

734
00:55:28,600 --> 00:55:30,380
Like, really? Okay.

735
00:55:30,380 --> 00:55:34,300
Did I just describe half the population?

736
00:55:35,100 --> 00:55:36,000
I mean, the women.

737
00:55:37,060 --> 00:55:39,240
No, I meant the women, actually.

738
00:55:39,920 --> 00:55:41,200
I'm terrible at this point.

739
00:55:41,320 --> 00:55:43,380
I'm like, we should get rid of the 19th Amendment, too.

740
00:55:43,600 --> 00:55:46,360
When it comes to Bitcoin, the rules are simple.

741
00:55:46,960 --> 00:55:51,320
Run your own node, hold your own keys, and protect your seed phrase.

742
00:55:51,860 --> 00:55:53,740
That's where MicroSeed comes in.

743
00:55:54,400 --> 00:55:58,980
Unlike bulky backups, MicroSeed is stamped onto a tiny steel washer.

744
00:55:59,700 --> 00:56:05,280
Fireproof, waterproof, and so small you can carry it anywhere or hide it in plain sight.

745
00:56:05,780 --> 00:56:10,940
Go to microc.io and use the code MATRIX for a discount on your order.

746
00:56:12,140 --> 00:56:16,760
Speaking maybe of the middle class, what's the deal with Fannie and Freddie?

747
00:56:17,740 --> 00:56:18,980
How big are they?

748
00:56:19,520 --> 00:56:21,220
Good. Good callback.

749
00:56:21,300 --> 00:56:23,740
I left that one dangling and I forgot to get back to it.

750
00:56:23,740 --> 00:56:47,900
So Fannie and Freddie are the one thing that libertarians really, when they finally realize how important Fannie and Freddie are to the entire lifestyle that most modern libertarians think they live under, they realize that most of what they think they believe is wrong.

751
00:56:47,900 --> 00:56:56,700
One of the great inventions of America was the government-sponsored 30-year fixed rate market.

752
00:56:57,180 --> 00:56:58,900
There's just no way of arguing it.

753
00:56:59,460 --> 00:57:04,620
And I'm going to explain why, and then you're going to understand why 2008 happened the way it did.

754
00:57:05,540 --> 00:57:11,200
And then you're going to understand why we had to have zero bandage rates,

755
00:57:11,480 --> 00:57:16,520
and why Trump was cock-blocked in his first term from bringing them out of conservatorship.

756
00:57:16,520 --> 00:57:17,560
Let's start from the beginning.

757
00:57:17,900 --> 00:57:20,840
What is the 30-year government-sponsored mortgage?

758
00:57:21,180 --> 00:57:23,460
And I said, government-sponsored, not government-subsidized.

759
00:57:23,820 --> 00:57:24,960
Government-sponsored mortgage.

760
00:57:25,680 --> 00:57:31,120
Well, traditionally, you know, home mortgages were 5 or 10 years long.

761
00:57:32,500 --> 00:57:35,000
Maybe 15, but really, 5 or 10.

762
00:57:35,440 --> 00:57:35,700
Why?

763
00:57:35,800 --> 00:57:37,720
Because the bank never wanted to take on that much term risk.

764
00:57:37,980 --> 00:57:41,980
Because the business cycle is anywhere from 5 to 10 years long, and blah, blah, blah, blah.

765
00:57:42,260 --> 00:57:42,920
Makes sense.

766
00:57:42,920 --> 00:57:48,780
So they have a natural disinclination to want to lend over 30 years.

767
00:57:49,820 --> 00:58:03,120
But now, and it's hard for us to understand now, but understand that houses also used to cost about one year's salary of an average middle class person.

768
00:58:04,120 --> 00:58:13,240
So you're talking about having to take one year out of every five, out of five, to buy a house and pay it off.

769
00:58:13,780 --> 00:58:14,540
Maybe 10.

770
00:58:15,880 --> 00:58:20,460
Plus interest, so it's actually more like one and a half, or even close to two, probably two.

771
00:58:20,660 --> 00:58:26,240
So you've got to take two years, and you've got to set everything aside for two years in order to buy a house and pay it off.

772
00:58:27,320 --> 00:58:28,100
Build no wealth.

773
00:58:28,100 --> 00:58:37,060
what's the cash flow on relative to that you're thinking about think about that right think about

774
00:58:37,060 --> 00:58:44,600
how much of your disposable income you would have to put down every month pay out every month in

775
00:58:44,600 --> 00:58:48,280
order to pay this mortgage off or you have to save up 30 percent then only pay 70 percent on

776
00:58:48,280 --> 00:58:57,040
whatever it's a lot of cash flow right now traditionally banks like 363 banking otherwise

777
00:58:57,040 --> 00:59:01,140
known as net interest margin banking. It's otherwise known as the following. You borrow at

778
00:59:01,140 --> 00:59:06,320
three, you lend at six, and you're on the golf course by three. That's traditional 363 banking.

779
00:59:07,100 --> 00:59:12,040
What I mean by that is you and me, we're the depositor in a local bank, and the bank's going

780
00:59:12,040 --> 00:59:18,460
to pay us 3% because they're lending out to the small businesses at 6%, and they're getting 6%

781
00:59:18,460 --> 00:59:23,060
on the note. They're paying half to their depositors. They're keeping half for profit

782
00:59:23,060 --> 00:59:25,760
and SG&A costs and everything else to run the bank.

783
00:59:26,340 --> 00:59:29,920
And it's a very simple model, and it works brilliantly as long as the term makes sense.

784
00:59:30,960 --> 00:59:34,260
Three-year loans, five-year loans, two-year car loans, whatever.

785
00:59:34,800 --> 00:59:35,080
Brilliant.

786
00:59:35,620 --> 00:59:39,740
But a 30-year note, because the longer you're tying up the money for,

787
00:59:39,880 --> 00:59:42,640
the higher the interest rate should be, the more the risk is.

788
00:59:42,920 --> 00:59:47,280
At some point, it's not 363 banking you're engaged in if you're doing 30-year mortgages.

789
00:59:47,280 --> 00:59:49,760
It's more like 393 banking or 3103 banking.

790
00:59:49,760 --> 00:59:53,000
So what's the government sponsored mortgage?

791
00:59:53,300 --> 00:59:56,880
How do Fannie and Freddie come into this?

792
00:59:56,980 --> 01:00:03,540
Well, as opposed to that 393 banking model you offer.

793
01:00:04,440 --> 01:00:06,760
So let's just throw some numbers out.

794
01:00:08,260 --> 01:00:11,300
This is to make it your understanding of the thing.

795
01:00:11,640 --> 01:00:15,180
As opposed to, so if it's a five-year note or seven,

796
01:00:15,220 --> 01:00:17,220
if it's a seven-year note, let's just call it a seven-year note,

797
01:00:17,280 --> 01:00:18,340
just to like split the difference.

798
01:00:18,340 --> 01:00:30,040
A seven-year note is the payback of any amount of money on a 30-year amortization cost would cost you X per month.

799
01:00:31,120 --> 01:00:35,500
If you double-tap the note, meaning you pay twice X, you'll pay it off in seven years.

800
01:00:36,480 --> 01:00:40,580
So it's a 30-year mortgage into a seven-year mortgage if you pay twice the payment every month.

801
01:00:41,460 --> 01:00:41,600
Okay?

802
01:00:42,100 --> 01:00:44,980
Now think about the 30-year mortgage.

803
01:00:45,920 --> 01:00:51,140
In order to get that 30-year mortgage, though, you've got to pay a much higher interest rate.

804
01:00:51,220 --> 01:00:52,420
And that's at the same interest rate.

805
01:00:52,840 --> 01:00:57,020
Now, you're obviously going to pay a higher interest rate at 30 years, so you're going to be paying two and a half.

806
01:00:57,860 --> 01:01:00,540
You're never going to pay off a 30 in seven years.

807
01:01:00,860 --> 01:01:02,760
So what does Fanning and Freddie do?

808
01:01:02,760 --> 01:01:14,220
What they do is say, look, as opposed to you paying $1,000 a month on your seven-year mortgage, you pay $500 a month on your 30-year mortgage, but you pay us $75 in an insurance premium.

809
01:01:14,980 --> 01:01:24,540
We then take the mortgage, make a market in a mortgage-backed security where we pull all these mortgages that people can pay,

810
01:01:24,540 --> 01:01:37,260
and then we sell those off and we split the difference on the note between that 393 banking and that 363 banking.

811
01:01:37,340 --> 01:01:44,040
That extra premium, we slice that up and securitize it across the entire investment space.

812
01:01:44,040 --> 01:01:46,900
People can buy mortgage-backed securities, invest in them.

813
01:01:48,160 --> 01:01:55,600
And insurance companies will love the cash flow that gets paid off from the interest on the notes.

814
01:01:56,060 --> 01:01:56,860
All of it.

815
01:01:57,640 --> 01:02:05,860
The insurance companies, the pension funds, private investors, stockholders in Fannie and Freddie, everybody wins.

816
01:02:07,920 --> 01:02:09,880
Fannie and Freddie are an insurance corporation.

817
01:02:10,040 --> 01:02:10,640
It's what they are.

818
01:02:10,640 --> 01:02:23,580
They've taken a big frigging lump of fees, and they have a pile of capital to handle any shortfalls, i.e. people who can't pay, right?

819
01:02:24,640 --> 01:02:29,240
But the probability of people defaulting on the 30-year note because of cash flow.

820
01:02:29,280 --> 01:02:35,760
oh so low, is minimal. So now all of a sudden you have all these high credit worthy individuals

821
01:02:35,760 --> 01:02:41,700
paying literally just over half or less than half what they would have paid had they asked

822
01:02:41,700 --> 01:02:46,360
for the 30-year note originally. Because they weren't going to pay $1,000 versus $500. They

823
01:02:46,360 --> 01:02:50,820
were going to pay more like $1,400 versus $500. Because they're going to be paying an higher

824
01:02:50,820 --> 01:02:56,140
interest rate. Because you get the 70-year note at 6%, but you're going to get the 30-year note

825
01:02:56,140 --> 01:03:00,860
9%. So now all of a sudden, there's a lot more wiggle room in here.

826
01:03:03,020 --> 01:03:09,880
Okay, so this is the key. This, and what do you do? And if you're Mr. Middle Class American,

827
01:03:10,800 --> 01:03:18,520
on a salary, like my dad, who's NYPD, house, I bought my house as a government,

828
01:03:18,900 --> 01:03:24,960
the house I grew up in was a $28,000 up in the burbs, up in upstate New York. My dad commuted

829
01:03:24,960 --> 01:03:31,840
back and forth to the city every day, making roughly what the, probably made less than actually

830
01:03:31,840 --> 01:03:34,800
what the house was, he paid for the house, because he complained about how much he paid

831
01:03:34,800 --> 01:03:39,240
for the house. He was probably making like 21 grand a year when he first bought the house,

832
01:03:39,920 --> 01:03:48,460
right? And then, you know, at 3%. And so, you know, now he has two options. And here's the

833
01:03:48,460 --> 01:03:52,880
interesting part about it. It was a 3%, but this is how credit worthy America had become by 1968.

834
01:03:53,520 --> 01:03:55,020
Now think of it this way, right?

835
01:03:58,340 --> 01:04:01,160
If you're a small business, if you're a guy with an entrepreneurial band,

836
01:04:01,660 --> 01:04:07,880
you now have an extra $900 a month to go out and try and start a business with

837
01:04:07,880 --> 01:04:10,720
and make more than the 6% you're paying on your mortgage,

838
01:04:10,860 --> 01:04:12,820
and build a business, make it more than 6% a year,

839
01:04:13,000 --> 01:04:16,360
and now all of a sudden your customers are paying off your mortgage.

840
01:04:20,180 --> 01:04:22,600
That's the key to middle-class wealth.

841
01:04:22,880 --> 01:04:33,880
The 30-year fixed-rate government-sponsored mortgage is the key to building one of the main pillars of how we built wealth in the United States, meaning it had to be destroyed.

842
01:04:34,400 --> 01:04:37,860
And it was destroyed in the 2008 financial crisis.

843
01:04:37,860 --> 01:04:51,260
And dig into this stuff, and you'll see that fucking Paulson and Obama and Geithner ran a fucking operation to blame Fannie and Freddie, turned them into the bad bank to bail out AIG.

844
01:04:52,880 --> 01:04:56,200
and then blamed Fannie and Freddie, put them in conservatorship,

845
01:04:57,620 --> 01:05:04,700
stole the wealth of the stockholders in Fannie and Freddie, bankrupted them all,

846
01:05:05,160 --> 01:05:08,920
handed the banks all a bunch of junior preferred shares that then cratered

847
01:05:08,920 --> 01:05:13,500
and left big holes in their balance sheets, and everybody walked away.

848
01:05:14,600 --> 01:05:18,440
And then Obama was still collecting all the fucking fees,

849
01:05:18,540 --> 01:05:22,520
and all the money that Fannie and Freddie were making got rolled into the general,

850
01:05:22,880 --> 01:05:27,280
fund of the country and is used to pay for Obamacare.

851
01:05:30,420 --> 01:05:33,280
Conservatorship and bankruptcy is never supposed to be permanent,

852
01:05:33,780 --> 01:05:36,400
but they set rules up, the Capitol rules up,

853
01:05:36,480 --> 01:05:41,160
and they created the FACFA, who then set the friggin' Capitol rules

854
01:05:41,160 --> 01:05:44,480
that made them impossible for Fannie and Freddie to ever meet.

855
01:05:45,600 --> 01:05:48,440
And yet, somehow they still wound up almost doing so.

856
01:05:48,940 --> 01:05:49,940
I mean, they're out of position now,

857
01:05:49,940 --> 01:05:55,060
they're almost capable of paying off these exorbitant frigging numbers that they had put

858
01:05:55,060 --> 01:06:01,000
together. So the more I read about this, the more it was obvious that they just stole the wealth of

859
01:06:01,000 --> 01:06:07,700
an entire generation. And the goal was to destroy Fannie and Freddie and then play up the fact that

860
01:06:07,700 --> 01:06:14,760
the Wall Street banks had done this terrible shit, Altay loans, Ninja loans, this, that,

861
01:06:14,800 --> 01:06:18,980
and everything else. That was all done, subprime loans, that was all done on purpose. And then it

862
01:06:18,980 --> 01:06:23,520
was all blamed wrongly on Fannie and Freddie, who were then rolled into conservatorship,

863
01:06:23,840 --> 01:06:32,200
forced into bankruptcy, nationalized, and then left to rot. And then we passed Dodd-Frank,

864
01:06:32,200 --> 01:06:39,100
which makes it nearly impossible for anybody new coming into the market to buy a house

865
01:06:39,100 --> 01:06:48,320
under reasonable terms, 20% down or more, maximum loan-to-value ratios,

866
01:06:49,140 --> 01:06:54,580
20 to 30, 20, 25, possibly 25% down depending on your credit rating, all of this shit.

867
01:06:55,140 --> 01:06:59,200
And if you're a small business owner, which I have now personally gone through myself

868
01:06:59,200 --> 01:07:03,160
in trying to get a cash-out remortgage against this house,

869
01:07:03,160 --> 01:07:09,600
like i've been running i've been i spent two and a half months fighting with the

870
01:07:09,600 --> 01:07:11,240
fucking underwriter over at wells fargo

871
01:07:11,240 --> 01:07:17,880
oops i just named names i wasn't supposed to do that but since they finally

872
01:07:17,880 --> 01:07:22,360
approved my own i don't care the point being is that

873
01:07:22,360 --> 01:07:32,240
we they give me the runaround because my taxes aren't filed for 2024 because they're not due

874
01:07:32,240 --> 01:07:39,620
yet. I filed an extension like every other small business owner in America. But the documentation

875
01:07:39,620 --> 01:07:47,300
is I can't use my books and the profit of my business to prove that I can, that I'm credit

876
01:07:47,300 --> 01:07:53,060
worthy. It has to be two years worth of my current two years worth of taxes, knowing full fucking

877
01:07:53,060 --> 01:07:59,640
well that, and Elizabeth Warren and Ben and Barney Frank and Dodd, Chris Dodd, they all knew what

878
01:07:59,640 --> 01:08:05,280
they were doing. Those rules were given to them by the fucking city of London, the fucking British,

879
01:08:05,540 --> 01:08:11,700
and the fucking BIS. This is the exact same terms that Canadians get today for a 30-year mortgage.

880
01:08:12,160 --> 01:08:15,160
Exactly the same terms. I was talking to a Canadian friend of mine about this the other day.

881
01:08:15,900 --> 01:08:20,300
So yeah, we have a 30-year mortgage. You got to put 20% down. I'm like, yeah, it sounds like what

882
01:08:20,300 --> 01:08:26,240
we have. And that was never the case. Now, you can go for an FHA loan, but it's much harder to

883
01:08:26,240 --> 01:08:30,860
qualify for. Not all banks do it, blah, blah, blah, blah, blah. And still Fannie and Freddiger

884
01:08:30,860 --> 01:08:37,620
are like the entire mortgage market now. It's insane. It's absolutely and utterly

885
01:08:37,620 --> 01:08:44,840
obnoxious and insane. And the whole purpose of all of this was to deny the basic capital formation

886
01:08:44,840 --> 01:08:50,680
mechanism for the middle class. Then they go to zero, the zero bound,

887
01:08:50,680 --> 01:08:57,640
and all the money flows into housing and health insurance and this and that and all those things,

888
01:08:57,800 --> 01:09:10,762
that where 90 of the inflation goes What Doing what Empowering the boomers who then rotate out of the high their high houses in the Northeast to lower places

889
01:09:10,922 --> 01:09:11,782
pocket the difference,

890
01:09:12,182 --> 01:09:13,442
and then look at their kids and go,

891
01:09:13,502 --> 01:09:15,102
oh, why can't you buy a house?

892
01:09:16,942 --> 01:09:17,422
Deadbeat.

893
01:09:20,782 --> 01:09:21,582
That's one.

894
01:09:22,422 --> 01:09:24,142
Two, the next generation,

895
01:09:24,682 --> 01:09:26,022
they can't get a loan.

896
01:09:26,702 --> 01:09:27,642
They don't make enough money.

897
01:09:28,042 --> 01:09:38,342
Like you've got millennials who came into the workforce in the 1990s or late 1990s in the aughts, making what?

898
01:09:38,562 --> 01:09:39,662
Entry-level job, making what?

899
01:09:39,762 --> 01:09:40,502
$20,000 a year?

900
01:09:42,122 --> 01:09:43,362
They've worked their asses off.

901
01:09:43,422 --> 01:09:44,922
They're now middle management making $45,000.

902
01:09:45,922 --> 01:09:48,582
Minimum wage is now freaking $30,000 a year.

903
01:09:50,862 --> 01:09:51,322
Right?

904
01:09:51,322 --> 01:09:58,542
My daughter got a job, first job out of high school, making $32,000 a year as an entry-level job over at UF.

905
01:09:59,702 --> 01:09:59,842
Okay?

906
01:10:00,462 --> 01:10:05,742
Now, she can afford a starter home with, you know, if she were to get married tomorrow,

907
01:10:06,022 --> 01:10:11,102
the two of them together could come up with about, you know, $70,000 a year in income.

908
01:10:11,262 --> 01:10:14,722
Income times three, they could afford a $210,000 house, which, by the way,

909
01:10:14,782 --> 01:10:19,322
will get you a shitty house on the north side of Gainesville.

910
01:10:20,522 --> 01:10:20,962
Right?

911
01:10:21,322 --> 01:10:27,502
not bad. Not most markets though. Like the millennials are still stuck. They can't make

912
01:10:27,502 --> 01:10:34,382
enough money to get income times three to buy a decent house at 40 years old, 35 years old.

913
01:10:34,882 --> 01:10:41,842
The girls are all childless. The dudes are all making, again, 40 grand a year, 45 grand a year.

914
01:10:42,542 --> 01:10:48,282
They think they're successful, but they're not. They're just like working their fucking asses off

915
01:10:48,282 --> 01:10:54,542
for nothing. They've all been shut out of the system. It's all done on purpose, Cedric. And

916
01:10:54,542 --> 01:10:58,722
Trump wanted to get out of, wanted to get Fannie and Freddie out of conservatorship in his first

917
01:10:58,722 --> 01:11:04,822
term. And he couldn't do so because the Supreme Court barred him from firing Mel Watt, a holdover

918
01:11:04,822 --> 01:11:10,302
from the Obama administration as head of FHFA, because he didn't want to leave. And they couldn't

919
01:11:10,302 --> 01:11:15,602
fire him for cause because of the way the court was structured at the time.

920
01:11:15,602 --> 01:11:18,322
now

921
01:11:18,322 --> 01:11:20,382
from some power

922
01:11:20,382 --> 01:11:21,662
Pulte's in charge

923
01:11:21,662 --> 01:11:23,342
and Pulte is literally going to

924
01:11:23,342 --> 01:11:25,882
his job

925
01:11:25,882 --> 01:11:27,042
from what I understand

926
01:11:27,042 --> 01:11:29,202
is literally just to shepherd this thing through IPO

927
01:11:29,202 --> 01:11:30,922
get them privatized

928
01:11:30,922 --> 01:11:32,142
get them professionalized

929
01:11:32,142 --> 01:11:32,922
get them cleaned up

930
01:11:32,922 --> 01:11:34,602
move them out into the market

931
01:11:34,602 --> 01:11:36,222
and then they'll move the whole thing under HUD

932
01:11:36,222 --> 01:11:37,262
from what I've heard

933
01:11:37,262 --> 01:11:37,902
that's what I've heard

934
01:11:37,902 --> 01:11:38,382
that they'll move

935
01:11:38,382 --> 01:11:40,222
they'll wind down the FHFA

936
01:11:40,222 --> 01:11:41,322
wind down

937
01:11:41,322 --> 01:11:42,462
the reason for it

938
01:11:42,462 --> 01:11:42,702
doesn't

939
01:11:42,702 --> 01:11:43,842
it won't exist anymore

940
01:11:43,842 --> 01:11:45,362
they may even like throw in

941
01:11:45,362 --> 01:11:49,782
you know, Ginnie Mae at the same time, and just like bundle the whole fucking thing up into what

942
01:11:49,782 --> 01:11:54,442
Trump wants to call MAGA, the great American mortgage company with the ticker symbol MAGA,

943
01:11:54,542 --> 01:12:00,142
which is hilarious. But, you know, call it GAMC, the great American mortgage company.

944
01:12:00,822 --> 01:12:06,582
And he wants, and he understands it. And this has to be done. And I think that the shutdown

945
01:12:06,582 --> 01:12:11,322
is part of that, is to slow that IPO down. They will do anything to slow this down,

946
01:12:11,322 --> 01:12:18,242
Because the minute all of this stuff comes out in the wash, everybody's going to realize just how badly Obama fucked a country.

947
01:12:19,742 --> 01:12:22,502
And how much of a traitor this guy is on every level.

948
01:12:24,102 --> 01:12:26,302
I got news for you, Barack, Barry.

949
01:12:27,182 --> 01:12:31,262
Get yourself to a non-extradition treaty country.

950
01:12:32,782 --> 01:12:34,082
Because they're coming for him.

951
01:12:34,502 --> 01:12:35,542
You want to be blackpilled?

952
01:12:36,462 --> 01:12:37,482
I'm not blackpilled.

953
01:12:37,602 --> 01:12:38,562
I know his target.

954
01:12:38,702 --> 01:12:40,142
I know Trump's target is Obama.

955
01:12:40,722 --> 01:12:43,862
But when you take a shot at the king, it has to be a good one.

956
01:12:44,162 --> 01:12:46,962
Just like when they took a shot at Trump, they couldn't miss, and they missed.

957
01:12:47,482 --> 01:12:48,722
Now they're going to pay the fucking price.

958
01:12:49,562 --> 01:12:50,422
I'm dead serious.

959
01:12:51,202 --> 01:12:56,082
And everything I'm watching supports this basic thesis.

960
01:12:57,182 --> 01:13:03,162
Trump goes to meet with the king of England.

961
01:13:04,742 --> 01:13:08,142
And somebody asked me on Twitter, they said, Tom, why is he going to meet with the enemy?

962
01:13:08,582 --> 01:13:09,582
That makes no sense.

963
01:13:10,142 --> 01:13:17,422
I'm like, oh, that's because he's probably going to, you know, present the king in terms of surrender.

964
01:13:18,202 --> 01:13:19,702
You know, the war's over.

965
01:13:19,822 --> 01:13:20,382
We've won.

966
01:13:21,002 --> 01:13:21,782
Let's cut a deal.

967
01:13:21,982 --> 01:13:22,642
Let's move on.

968
01:13:22,742 --> 01:13:23,562
Let's free your people.

969
01:13:24,282 --> 01:13:25,502
The king clearly said no.

970
01:13:28,842 --> 01:13:30,382
On Wednesday, he goes to meet with the king.

971
01:13:30,382 --> 01:13:33,622
On Friday, Trump nukes the H-1B visa program.

972
01:13:33,622 --> 01:13:38,922
I'm sorry, but the flooding of

973
01:13:38,922 --> 01:13:40,962
Indians through H-1Bs into

974
01:13:40,962 --> 01:13:42,202
the United States and Canada

975
01:13:42,202 --> 01:13:44,762
Canada's a different mechanism, obviously

976
01:13:44,762 --> 01:13:46,842
than H-1B visas, but basic idea

977
01:13:46,842 --> 01:13:49,182
clearly coming directly out of

978
01:13:49,182 --> 01:13:50,982
City of London, directly

979
01:13:50,982 --> 01:13:51,742
coming from the Crown

980
01:13:51,742 --> 01:13:56,962
That was number one, then he goes to the UN

981
01:13:56,962 --> 01:13:58,802
declares war on globalism

982
01:13:58,802 --> 01:14:02,382
So, you know

983
01:14:02,382 --> 01:14:09,142
we got Antifa in Portland and Chicago and opposing ice raids and all the rest of it.

984
01:14:09,562 --> 01:14:10,502
This is what's going on, man.

985
01:14:11,822 --> 01:14:14,962
This war is like every fucking front everywhere.

986
01:14:14,962 --> 01:14:19,982
It's hilarious to see it playing itself out the way it is.

987
01:14:20,302 --> 01:14:24,082
But I think it's absolutely, I think it's real.

988
01:14:25,142 --> 01:14:26,822
It's hard for me not to see it this way.

989
01:14:27,602 --> 01:14:30,002
But they have to stop.

990
01:14:30,002 --> 01:14:35,942
Like, how do you get kids to go for the nihilism that is Marxism?

991
01:14:36,362 --> 01:14:41,402
How do you radicalize kids that are out there on the streets today?

992
01:14:41,982 --> 01:14:43,982
They're not all paid crisis actors, man.

993
01:14:44,442 --> 01:14:47,282
Some of them are true believers, right?

994
01:14:47,402 --> 01:14:49,002
How do you get those kids that radicalized?

995
01:14:49,162 --> 01:14:53,782
How do you get a Tyler Robinson, even if you don't believe the story that he shot Charlie Kirk?

996
01:14:54,082 --> 01:14:55,182
I don't care if you do or you don't.

997
01:14:55,242 --> 01:14:56,042
Let's just run with it.

998
01:14:56,042 --> 01:15:00,302
let's just say that it is true that he did it and why he did it.

999
01:15:00,902 --> 01:15:02,642
How do you get a kid to that radicalized?

1000
01:15:03,182 --> 01:15:04,702
He's going to have no agency in the system.

1001
01:15:04,782 --> 01:15:08,302
He's going to have no belief that he can ever have any agency in his own life.

1002
01:15:09,342 --> 01:15:13,082
So, and, you know, in my mind,

1003
01:15:13,502 --> 01:15:18,042
most of the kids who were quote unquote trans are really just, you know,

1004
01:15:18,762 --> 01:15:23,602
extreme levels of childhood PTSD for a variety of reasons,

1005
01:15:23,602 --> 01:15:30,462
be of bad home life, the general anxiety of living through this period of history.

1006
01:15:31,082 --> 01:15:42,924
And this is what normally happens We saw it in Weimar Germany gender dysphoria and drug use and everything else was crazy during Weimar Germany It no different than what we seeing today But you drive kids

1007
01:15:42,924 --> 01:15:49,944
towards that by giving them, by leaving them with no opportunities for a better life. And they either

1008
01:15:49,944 --> 01:15:55,944
embrace destructive individualism on the right in the form of checking out of the system and

1009
01:15:55,944 --> 01:15:57,684
and chuckling and collapsitarian,

1010
01:15:58,084 --> 01:16:04,324
a la the libertarians and or the fucking Gripers,

1011
01:16:04,784 --> 01:16:08,924
or you go the other way and you embrace Marxism.

1012
01:16:09,304 --> 01:16:11,284
Now, a lot more kids will embrace Marxism, obviously,

1013
01:16:11,424 --> 01:16:13,304
because it's also being taught in the schools.

1014
01:16:15,004 --> 01:16:18,944
And so as a rational alternative, which it's not.

1015
01:16:19,544 --> 01:16:24,924
And so, you know, that's what I see.

1016
01:16:24,924 --> 01:16:27,524
and how do you break that cycle?

1017
01:16:27,804 --> 01:16:29,724
How do you stop the de-radicalization

1018
01:16:29,724 --> 01:16:31,124
of the next generation of kids?

1019
01:16:32,224 --> 01:16:33,164
Well, obviously,

1020
01:16:33,384 --> 01:16:36,284
you radically lower the true cost of ownership

1021
01:16:36,284 --> 01:16:41,404
and the cash flow hit relative to wages

1022
01:16:41,404 --> 01:16:43,944
of being able to start a home in a family.

1023
01:16:44,804 --> 01:16:46,084
You give them help.

1024
01:16:46,504 --> 01:16:47,524
You give them hope.

1025
01:16:48,744 --> 01:16:49,984
You cut their taxes.

1026
01:16:50,544 --> 01:16:52,444
You make it easier for them to start businesses.

1027
01:16:52,624 --> 01:16:54,164
You make it easier for them to get into a home

1028
01:16:54,164 --> 01:16:54,804
and start a family.

1029
01:16:54,924 --> 01:16:59,604
They're not sitting there thinking, I'm not going to have enough money to start a family until I'm 40.

1030
01:17:01,684 --> 01:17:08,224
Well, yeah, with an attitude like that, might as well just turn out the lights on the whole fucking civilization.

1031
01:17:10,104 --> 01:17:12,704
Women aren't to be having their first kid at 40.

1032
01:17:13,564 --> 01:17:15,564
Hell, my daughter was born, my wife was 36.

1033
01:17:17,064 --> 01:17:18,124
It was a mistake.

1034
01:17:19,124 --> 01:17:21,444
We were married 13 years before we even had a kid.

1035
01:17:22,084 --> 01:17:22,964
It was a mistake.

1036
01:17:22,964 --> 01:17:27,464
those memes that run around twitter every once in a while you see them like if you could give

1037
01:17:27,464 --> 01:17:32,184
your if you could tell your younger self any one thing in three words or less what would it be i'm

1038
01:17:32,184 --> 01:17:38,204
like that's easy have kids early huge mistake biggest regret of my life only having one child

1039
01:17:38,204 --> 01:17:45,804
so that's the ant that's the antipode that's the antidote for the for the political violence that

1040
01:17:45,804 --> 01:17:51,324
we're seeing the political all of it and fanny and freddie are a big part of this they're not

1041
01:17:51,324 --> 01:18:00,004
the only part, but they're one big piece. Because once the IPO happens, then Trump and Besson could

1042
01:18:00,004 --> 01:18:05,204
declare an emergency in housing, rewrite the rules, suspend Dodd-Frank, start cleaning the

1043
01:18:05,204 --> 01:18:08,624
whole fucking thing up, and start getting this thing moving, which is part of the reason why

1044
01:18:08,624 --> 01:18:14,364
Trump is so adamant that Powell needs to cut rates. But at the end of the day, Powell couldn't

1045
01:18:14,364 --> 01:18:19,464
cut rates before Trump had actually gotten some wins on the board. The wins are on the board,

1046
01:18:20,024 --> 01:18:20,504
Right, Kamina?

1047
01:18:21,044 --> 01:18:21,664
Good girl.

1048
01:18:22,344 --> 01:18:24,124
My dog is over here next to me.

1049
01:18:25,364 --> 01:18:28,964
And he's got the wins on the board.

1050
01:18:29,684 --> 01:18:30,724
Howell started to cut rates.

1051
01:18:31,584 --> 01:18:34,544
I'll be shocked if he doesn't cut rates by 50 basis points,

1052
01:18:34,644 --> 01:18:35,924
either at this meeting or the next one.

1053
01:18:36,604 --> 01:18:39,504
Personally, I think he should cut 50 in both places,

1054
01:18:40,124 --> 01:18:44,484
at both Halloween and, you know, the Fed.

1055
01:18:44,484 --> 01:18:49,324
The last one is always right around, you know, the Boston Tea Party.

1056
01:18:49,464 --> 01:18:52,284
the 15th, 16th, that kind of thing.

1057
01:18:52,864 --> 01:18:53,424
Middle of the month.

1058
01:18:54,724 --> 01:18:56,244
The Ron Paul money bomb day.

1059
01:18:56,384 --> 01:18:57,604
It's always hilarious to me that

1060
01:18:57,604 --> 01:19:02,624
the last Federal Reserve meeting of the year

1061
01:19:02,624 --> 01:19:05,764
is right around the same time as the Ron Paul money bomb.

1062
01:19:06,324 --> 01:19:07,784
Do you think we're on the right path?

1063
01:19:08,464 --> 01:19:11,344
Yeah, I mean, I think we're on a better path

1064
01:19:11,344 --> 01:19:12,104
than we were before.

1065
01:19:13,184 --> 01:19:15,924
And I don't think a path is going to be perfect.

1066
01:19:16,444 --> 01:19:18,284
And I don't think it's going to be easy.

1067
01:19:18,284 --> 01:19:23,144
no plan, you know, survives contact with the enemy or reality.

1068
01:19:24,064 --> 01:19:29,664
But I do think we're in, I think, I do think that, you know,

1069
01:19:29,844 --> 01:19:35,224
the basic framework for what Trump is trying to do is the right framework.

1070
01:19:35,464 --> 01:19:41,104
Is he going to get everything right? No. Have you met Donald Trump? No.

1071
01:19:41,104 --> 01:19:46,104
but demanding that it be perfect,

1072
01:19:47,284 --> 01:19:48,724
I ask the same question.

1073
01:19:48,844 --> 01:19:49,944
What do you think, I'm 12?

1074
01:19:50,844 --> 01:19:52,944
I'm not, you know, I don't believe in good guys and bad guys.

1075
01:19:54,404 --> 01:19:56,604
You know, I believe in flawed people

1076
01:19:56,604 --> 01:19:59,424
doing the very best they can under difficult circumstances

1077
01:19:59,424 --> 01:20:02,084
against very bad people.

1078
01:20:03,764 --> 01:20:08,104
And, you know, what we have to really do

1079
01:20:08,104 --> 01:20:11,744
do is put aside our own anxiety and our own hurt.

1080
01:20:13,204 --> 01:20:16,744
And believe me, I'm as cynical and as, and as, um,

1081
01:20:17,604 --> 01:20:18,524
and as, uh,

1082
01:20:20,124 --> 01:20:24,144
as scarred and pissed off about all this shit as anybody else's.

1083
01:20:24,484 --> 01:20:28,684
But I'm like, it does no good to just, you know, give up.

1084
01:20:29,024 --> 01:20:30,824
I mean, what the fuck, what the fuck is that?

1085
01:20:31,684 --> 01:20:32,304
You know, you're just,

1086
01:20:32,364 --> 01:20:34,964
you're just ceding the ground to them and you're ceding the word to them

1087
01:20:34,964 --> 01:20:36,344
before you've even fired a shot.

1088
01:20:36,724 --> 01:20:37,744
You've even tried.

1089
01:20:38,104 --> 01:20:43,744
And I'm like, I don't know, I spent too many years in the freaking dojo, you know, learning how to counterfeit.

1090
01:20:44,464 --> 01:20:45,404
Like, no, fuck you.

1091
01:20:45,884 --> 01:20:48,444
You come at me, I'm going to give you the beans.

1092
01:20:49,864 --> 01:20:59,344
And I, no, I spent too many years in a dojo for the purpose of learning how not to be a victim.

1093
01:21:00,124 --> 01:21:03,084
I will fight the best I can and the way I can.

1094
01:21:03,084 --> 01:21:06,784
and if that fight is with ideas, words, and communication,

1095
01:21:07,084 --> 01:21:08,264
then that's how I'm going to do it.

1096
01:21:09,364 --> 01:21:12,164
Hell, my eyesight's not good enough that I can't, like, you know, what am I going to do?

1097
01:21:12,284 --> 01:21:13,304
But I don't know about you, dude.

1098
01:21:13,364 --> 01:21:16,004
Did you watch Pete Hicks' speech the other day?

1099
01:21:16,784 --> 01:21:17,524
You should.

1100
01:21:17,924 --> 01:21:22,544
You should also watch Trump's speech at the UN if you haven't watched it, the whole thing.

1101
01:21:23,244 --> 01:21:24,304
You should watch both of them.

1102
01:21:24,864 --> 01:21:29,664
If those two things don't make you proud to be a fucking American at this moment in time,

1103
01:21:30,124 --> 01:21:30,644
nothing will.

1104
01:21:31,144 --> 01:21:31,984
I'm serious, man.

1105
01:21:31,984 --> 01:21:45,324
I thought Trump's speech at the UN was the most consequential speech since Putin went to the UN and gave them the do you understand what you've done speech two days before he invaded or he came in and supported Syria.

1106
01:21:46,984 --> 01:21:48,184
It's monumental.

1107
01:21:48,424 --> 01:21:54,444
It was literally walked in 55 minutes worth of fuck you people.

1108
01:21:55,064 --> 01:21:56,844
You are all on the wrong path.

1109
01:21:57,304 --> 01:21:58,944
You're all committing suicide.

1110
01:21:58,944 --> 01:22:02,344
and I'm here to tell you that the United States is not going to do it with you.

1111
01:22:03,344 --> 01:22:17,986
And then Hexeth comes out and like a guy who you know and just said we we we are not the Department of Defense anymore We are the Department of War We are the instrument of the presidents to go to war

1112
01:22:18,286 --> 01:22:20,906
And I hope we never have to go, we never have to do so.

1113
01:22:21,206 --> 01:22:22,766
But defense has gotten us nowhere.

1114
01:22:23,226 --> 01:22:29,686
Our job is to go to war, to be warriors and fight and be prepared and in shape to do so.

1115
01:22:30,126 --> 01:22:32,406
And everybody else, get out.

1116
01:22:32,406 --> 01:22:41,966
get out go away dude after 30 minutes that guy had me wanting to join the fucking military

1117
01:22:41,966 --> 01:22:48,486
me like i'd be caught dead in a fucking uniform i was like dude that's an organization i want to

1118
01:22:48,486 --> 01:22:59,926
be a part of a purpose built driven to do to do its job i also knew that what he was

1119
01:22:59,926 --> 01:23:05,546
arguing for was that we're going to do this because we know we have a, the real fight is at

1120
01:23:05,546 --> 01:23:13,546
home. And we're getting, and that speech was a call to fucking arms to every freaking American.

1121
01:23:14,886 --> 01:23:22,246
We have a real damn problem. And that problem is right here at home. And it ain't 10,000 miles

1122
01:23:22,246 --> 01:23:29,446
away over China or anywhere else. It's right fucking here. We've been invaded and it's time

1123
01:23:29,446 --> 01:23:37,126
to stop it. I'm not, you know, I'm not apologizing for it anymore. So I said, I think I said this

1124
01:23:37,126 --> 01:23:41,726
morning, I'm like, you know, if that makes me a fascist, well, then give me a red, white,

1125
01:23:41,766 --> 01:23:47,346
and blue swastika. I'm good. I'm done. I don't give a fuck anymore. You're not going to keep,

1126
01:23:47,406 --> 01:23:51,806
you're not taking my home from me. I decided to stay. I decided not to be a pussy and leave.

1127
01:23:52,166 --> 01:23:56,186
And now I'm going to fight however I have to. And that's the way everybody has to be.

1128
01:23:56,186 --> 01:23:57,466
And it's going to be messy.

1129
01:23:57,646 --> 01:23:58,326
And it's going to suck.

1130
01:23:59,566 --> 01:24:01,826
And there may be casualties.

1131
01:24:02,006 --> 01:24:02,766
There's going to be casualties.

1132
01:24:04,386 --> 01:24:05,306
And we'll move on.

1133
01:24:06,646 --> 01:24:09,586
But that's what our enemies are going to be forcing on us.

1134
01:24:10,106 --> 01:24:11,426
They've decided to go to war.

1135
01:24:11,986 --> 01:24:13,586
Well, they started this fight.

1136
01:24:14,186 --> 01:24:15,126
By God, we'll finish it.

1137
01:24:15,286 --> 01:24:16,086
That's the way it has to be.

1138
01:24:16,746 --> 01:24:18,026
I guess my final question.

1139
01:24:18,166 --> 01:24:22,846
How many Americans do you think are aware of any of this?

1140
01:24:23,226 --> 01:24:25,286
A lot more than you think, Peter.

1141
01:24:26,186 --> 01:24:32,486
every fucking middle-class dude that jockeys a shovel or whatnot

1142
01:24:32,486 --> 01:24:36,606
or runs fucking wire or whatever in this country,

1143
01:24:36,646 --> 01:24:38,446
every small business owner in this country, I know.

1144
01:24:39,586 --> 01:24:42,486
Every time I talk to one of them all and they find out what I do,

1145
01:24:42,586 --> 01:24:45,586
I've said this before, every time they find out what I do for a living

1146
01:24:45,586 --> 01:24:48,466
and they hear the words coming out of my mouth and I'm like,

1147
01:24:48,506 --> 01:24:50,066
oh, shit, he knows what's going on.

1148
01:24:50,686 --> 01:24:51,826
And they just stop me dead close.

1149
01:24:51,886 --> 01:24:53,006
I don't need to know anything else.

1150
01:24:53,186 --> 01:24:54,826
All I need to know is when can we start shooting them?

1151
01:24:54,826 --> 01:24:56,466
I'm like

1152
01:24:56,466 --> 01:25:00,246
but I'm in Florida

1153
01:25:00,246 --> 01:25:01,806
so maybe we're a little biased

1154
01:25:01,806 --> 01:25:04,406
Tom this has been so dope

1155
01:25:04,406 --> 01:25:05,586
as always always a pleasure

1156
01:25:05,586 --> 01:25:07,766
I'll leave it to you for any parting words

1157
01:25:07,766 --> 01:25:09,546
and let people know they can find you and your work

1158
01:25:09,546 --> 01:25:12,126
sure thank you Cedric I really appreciate you

1159
01:25:12,126 --> 01:25:14,426
allowing me to ramble that for an hour and a half

1160
01:25:14,426 --> 01:25:15,986
on a Sunday night

1161
01:25:15,986 --> 01:25:17,126
over a

1162
01:25:17,126 --> 01:25:19,486
actually not a bad cigar

1163
01:25:19,486 --> 01:25:21,766
as always you can follow me at

1164
01:25:21,766 --> 01:25:23,146
TFL1728 on Twitter

1165
01:25:23,146 --> 01:25:32,206
You can check out the podcast and the newsletter announcements over at my blog at TomLawango.me.

1166
01:25:32,406 --> 01:25:34,506
You can follow us on Patreon at patreon.com.

1167
01:25:34,506 --> 01:25:41,606
We do twice-weekly market reports, about one-hour podcasts of a mix of commentary like this,

1168
01:25:41,646 --> 01:25:46,666
plus tying it directly to the markets, the strategic markets of the day, gold, silver, Bitcoin, all the rest of it.

1169
01:25:47,386 --> 01:25:51,646
And the monthly newsletter where we have a portfolio strategy and unique commentary from both myself

1170
01:25:51,646 --> 01:25:57,306
and my partner Dexter White, the last thing I want everybody to, I want to leave everybody with,

1171
01:25:57,346 --> 01:25:59,806
and I've been trying to do this at the end of every one of these that I do,

1172
01:26:00,726 --> 01:26:07,546
is like all the stuff that I talked about at the high level, my job is to try and make it make sense

1173
01:26:07,546 --> 01:26:12,866
for you so that you can get back a few minutes of your day and understand that this is what's going

1174
01:26:12,866 --> 01:26:17,146
on. It's not important for you to have to interface with it in any way. You now get it,

1175
01:26:17,146 --> 01:26:25,186
Now move on and go find something in your local community or your family or your home or wherever that you have control over and fix it.

1176
01:26:25,886 --> 01:26:35,846
These fucking people that we're dealing with, all they think about every day, they get up in the morning and all they think about is how can we steal another five minutes from you, another 10 minutes from you.

1177
01:26:36,266 --> 01:26:40,266
They understand that time is the only scarce natural resource that exists in the universe.

1178
01:26:40,786 --> 01:26:41,886
Everything else is recyclable.

1179
01:26:42,426 --> 01:26:47,246
But your time, as Cedric, as Tom, as whomever, that's limited.

1180
01:26:47,526 --> 01:26:48,106
That's precious.

1181
01:26:48,946 --> 01:26:51,166
And if they can steal it from you, they win.

1182
01:26:52,006 --> 01:26:56,626
So your job, your mission, should you choose to accept it,

1183
01:26:57,546 --> 01:27:01,386
is to go out and find something in your local community

1184
01:27:01,386 --> 01:27:05,446
that will get everybody in your community one minute back.

1185
01:27:07,166 --> 01:27:09,986
Now think about all the minutes that you just created for somebody.

1186
01:27:09,986 --> 01:27:12,366
I don't care if it's

1187
01:27:12,366 --> 01:27:14,146
I don't know what it is

1188
01:27:14,146 --> 01:27:15,766
you know because you know

1189
01:27:15,766 --> 01:27:16,006
what your

1190
01:27:16,006 --> 01:27:19,226
community needs

1191
01:27:19,226 --> 01:27:22,006
if it's fixing the communications

1192
01:27:22,006 --> 01:27:23,966
in your household between you, your wife and your children

1193
01:27:23,966 --> 01:27:27,646
anything that will lower your stress level

1194
01:27:27,646 --> 01:27:29,406
lower your anxiety level and hopefully

1195
01:27:29,406 --> 01:27:31,786
listening to me talk about this stuff

1196
01:27:31,786 --> 01:27:33,946
the way I talk about it helps you get back

1197
01:27:33,946 --> 01:27:35,566
some of your time so that you can go out

1198
01:27:35,566 --> 01:27:37,206
and you can go be fucking brilliant

1199
01:27:37,206 --> 01:27:38,826
because that's what humanity is

1200
01:27:38,826 --> 01:27:41,466
and that's why we do what we do

1201
01:27:41,466 --> 01:27:43,766
right

1202
01:27:43,766 --> 01:27:45,326
if you can do that

1203
01:27:45,326 --> 01:27:46,446
and we all do that

1204
01:27:46,446 --> 01:27:47,646
holy shit dude

1205
01:27:47,646 --> 01:27:49,386
the war's already over

1206
01:27:49,386 --> 01:27:51,806
well thank you for sharing as always

1207
01:27:51,806 --> 01:27:53,986
I really appreciate your bravery and your honesty

1208
01:27:53,986 --> 01:27:55,186
and your courage

1209
01:27:55,186 --> 01:27:56,766
thank you, said Durkin

1210
01:27:56,766 --> 01:27:58,206
doing my best man

1211
01:27:58,206 --> 01:27:59,086
peace

1212
01:27:59,086 --> 01:28:03,766
thanks for tuning in to this episode of the Bitcoin Matrix

1213
01:28:03,766 --> 01:28:05,546
if you enjoyed the conversation

1214
01:28:05,546 --> 01:28:07,206
don't forget to like, subscribe

1215
01:28:07,206 --> 01:28:11,806
and drop a comment below with any questions or thoughts you may have. We'd love to hear from you.

1216
01:28:12,146 --> 01:28:16,366
You can support the show by checking out our sponsors and affiliate links in the description.

1217
01:28:16,606 --> 01:28:20,626
It helps keep bringing you great content while connecting you with awesome products that I

1218
01:28:20,626 --> 01:28:25,966
believe in. Share this episodes with your friends, family, or anyone curious about Bitcoin. And let's

1219
01:28:25,966 --> 01:28:31,426
keep growing this community together. Stay curious, keep stacking, and I'll catch you in the next one.

1220
01:28:37,206 --> 01:28:39,206
You