They're losing control of the gold market.
They're losing control of the silver.
They've lost control of the silver market.
They've lost control of the gold market.
Now the big question is, are they going to...
The definition of money is changing.
It is becoming digitized or it's becoming tokenized.
I know that sounds risky.
To Bitcoiners, that sounds like, oh my God, those are just shit coins.
I'm like, well, good news for you.
I understand also that you guys feel that US dollars are shit coins.
I'm going to be honest with you.
I don't even disagree with the sentiment.
It is a perpetual war.
You're always fighting this impulse for people to want to rule over other people.
If you read the Constitution carefully, folks, if you think Trump's a dictator now,
you ain't seen what the president can actually do.
Now he knows.
And he's executing like he knows.
Are we going to stand up like men and say we want to live free?
Or are we going to...
How many Americans do you think are aware of any of this?
What is real?
How do you define real?
You can't jump into cash.
Cash is trash.
What do you do? You get out.
Tom Luongo is the publisher of Gold, Goats, and Guns,
where he speaks truth and destroys narratives about politics, markets, and cultures.
Tom, welcome back to the Bitcoin Matrix for the fifth time.
How are you?
I'm good, Cedric.
How are you?
Wow, it has been five times, isn't it?
Yeah, this is the fifth go-around.
So I'm excited to chat with you.
Things are fine, but I will admit I think I'm a little black-pilled.
Really?
I would.
Yeah.
Never.
so you know and we we've seen each other a few times but i haven't gotten
to really speak with you directly so i'm hoping to kind of maybe get you know the tom lulongo
thesis as of right now oh jesus i could prompt you with a couple of subjects but no no it's fine
i got no the the to uh remind everybody the the so it's such a story about we uh we do dinner
down in Tampa every once in a while.
He, myself, a couple other people, Paul Tarantino, right, from a –
By Federal.
Yeah, and a few others, right.
And then the last time we had a great opportunity to sit down
and have a long dinner with Martin Armstrong, which was a lot of fun as well.
So – and, yeah, so in those talks, I think the last time we went to dinner,
I think you were at the far end of the table the last time we went,
And then it's a crowd of 13.
And then this time it was, you know, Marty was the center of attention.
So, no.
So what's going on now is it's if you don't hang with the basic argument,
and if you don't buy the basic argument that I'm about to make,
then you might as well shut the podcast off because you and I are not going to have anything to talk about.
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.
I think the best way I've described it recently is that we all exist.
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.
And we see it at the ground level.
We see it at the middle management level.
right we see it at the hillary clinton level at the jim comey level at the um you know at the
the not even the george soros level because i think soros is that best upper management guys
like larry fink and blackrock are also upper management they're not really the actual game
so what you have is at least three strata right of of things going on here you have you know the
lieutenants who are doing stuff on a day-to-day basis out in the world you have then have the
upper management who run all the big corporations and supposedly the countries, but there's really
not all that much difference between the particular countries and the corporations that we're
talking about here, the Black Rocks, the Microsofts, the Bill Gates Foundations, the Ford Foundations,
the European Union, you know, whatnot. And then you have the strata above that. Then you have the
people who nominally I would put under that rubric of Davos, but it's actually, it's much more
pointed than that. The older I get, the more I do this, the more I realize that, you know,
what I used to call Davos is, you know, still is this upper management. And now it's a much more
rarefied game. And it's the king of England. It's the old banking cartels of Europe. It's,
it's the people, as I like to put it, the real bankers and the real movers and shakers of the
world don't have Wikipedia pages. They bank, they have banking relationships with banks you've never
heard of. Right. I mean, I hate to like be blunt about this, but you know, the whole concept of the
high table and the unseen world in John Wick is probably closer to the truth than we would like
to be, than we would all like to be comfortable with. And we find it almost kind of comforting
that we could have this game that Keanu Reeves and company play with lots of guns and everything
else in the John Wick movies. But the reality is, is that the high table really is what we're
talking about here. It's this unseen layer of organized crime, assassins, drug traffickers,
human traffickers, you know, they traffic in little girls and porn and all of this stuff,
drugs, all of it around the world. And that's their cash flow. And that's the cash flow of
the crap that we see every day when we see a bunch of, you know, kids in black block
running around the streets of Chicago and Portland, you know, attacking ICE agents and
the local police departments turning a blind eye to it. Right. And then we get angry about it.
And then we say, well, look, see, Donald Trump doesn't have this shit under control.
Well, he's the reason that they're doing shit like that now is because he is fighting them at that level.
That's why he's blowing boats out of the water off the coast of Venezuela.
It's why he's killing. It's why he's deporting Trandiagua.
It's why they're fighting him and say, well, these are real people.
They've been here for 15 years. So what? They've been here for 15 years running drugs and kids and everything else.
And like, I'm sorry, but that's the reality.
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.
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.
It's actually been going on for a while, but the civil war in the United States is happening as we speak.
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.
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.
And that all cuts at various levels and attacks all of their funding.
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.
That's a metaphor.
The unstoppable killing machine of John Wick really is a man of supreme will.
And I'm not talking Donald Trump as John Wick here.
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.
That's where we are.
So we watch Trump, and what's he doing?
He's attacking their funding at three very, very important levels.
The first level was USAID and the NGOs.
It was the money, it was the public money that he had direct access to as the Article 2 executive of the United States.
The second layer is the more dangerous layer.
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.
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.
They're interfaced directly with all the IC, you know, intelligence communities of all the major countries in the world.
So that link has to be broken.
And that money has to dry up.
And you have to attack that process.
So it's a two-pronged assault.
Right. First, it's D.N.I. Gabbard going after various people within the intelligence community, outing them, firing them when necessary or whatever.
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.
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.
But it's not chaos.
It's war.
Okay?
And war is fought strategically.
and that means you're seeing a whole variety of different actions being taken of the different
of varying different types if i just saw chaos said i wouldn't come up here and try and blow
literal smoke up your ass and say it wasn't that if i didn't actually see what i thought like if
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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code MATRIX for a discount on your order. It would look a lot like what Donald Trump is doing.
I never really had a plan.
I just kind of, I had like a vague idea in my head,
but the more I started watching it play itself out,
I'm like, oh, that's what he was doing.
The more I talked to people who have military backgrounds
and whatnot, who understand this type of action,
this kind of theory of action.
And we, you know, I see one part of it
in the financial markets, they see another part of it,
you know, in the, you know,
in the information warfare space or whatever.
We all come to the same conclusion.
This is what's going on.
And Trump is taking on, has taken on a massive war.
It's a multi-front war because it has to be a multi-front war.
Because if he doesn't take on all fronts at the same time, then he gets outmaneuvered,
which is what happened to him in his first term, right?
But he didn't have the infrastructure.
He didn't have the personnel.
He didn't have the backing of the people.
He didn't have a strong enough Russia.
He didn't have a strong enough China, relatively speaking, or committed Russia and China.
to then actually have his flanks on a variety of,
because they're all fighting the same war.
So now you have the three biggest powers in the world
fighting the entrenched, you know, centuries-old power
that has attacked all of them over the course of centuries.
How many times have the British gone to war by proxy with the Russians?
How many times have we watched them try to destroy China as a civilization?
Same thing with, and how many times have they gone in and tried to destroy the United States?
Like, I've said it before, and I'll say it without, I'll keep saying it until people finally get it.
Everybody gets it.
The British are still butthurt about Cornwallis having to surrender at Yorktown back in 1781.
And they're still trying to figure out how to win the war.
And so, you know, when I had that first insight, I didn't really understand what it meant.
It's been four years. I'm like, that's the insight. Okay. Now, dude, you got to come up
with receipts. You got to like, you have to spend time filling that in and making that not look like
you're just a crazy person spouting off the top of your head, which at the time,
maybe four years ago, I was like, I saw some things and I went, this feels like
the British being the British. But now I go, now I spend a lot of time talking about this stuff.
And I uncover all these fellow travelers who have been doing all the work over all these years.
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?
So at the end of the day, let's think about this.
What was the War of 1812 fought over?
It was basically the first attempt to try and destroy the United States.
What was the Civil War?
like the civil war was the first attempt to color revolution in the united states by the british
they radicalized the abolitionists in the northeast they created a they created a complete
you know shit show between north and south over slavery and then you know they fomented both sides
shook the ant jar and then watch them watch us kill each other now guess what we're watching the
same kind of thing play itself out between Russia and Ukraine, right? It's the same, you know, the
mechanisms are exactly the same. And, you know, they, and they successfully pulled this off
between, you know, the various factions within Tsars, Russia, leading up to the fall and the
fall of the Tsars and, and in the end of World War I. And literally, if you go through World War
I, you think of it from that perspective, World War I was fought to destroy both the Russian
Empire and the Ottoman Empire, and it was very successful. And it also subsumed the Americans
into the British system of debt, central banking, and everything, and the first real attempt to
break down the very robust separation of powers that we had in the United States by giving us
both the income tax and the direct election of senators, all in 1913. I'm kind of jumping all
over the place here. But, you know, what I'm getting at is that I never really, you know,
before December of last year, I never really thought Donald Trump understood all of this.
I think I thought, well, maybe he understands a little bit of it. And then he sends Elon Musk
over to the UK and sends him after Keir Starmer over very specific issues. And I'm like,
nah
really okay
and then I
started reviewing
like you know
Trump 1.0
and his relationship
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
So where are we right now? We're in the middle of the war, dude. And you're either going to get
on board and fight it or you're going to sit back and go, I'm scared. And I'm watching all
my libertarian brethren or formerly libertarian brethren, you know, melt down and, you know,
act like, you know, chuckle and classitarian and point fingers and scream that Trump is an
authoritarian. Like, yeah, so was Lincoln. And guess what? Lincoln was right. I didn't feel that
way five years ago. I do today. Why? Because the Constitution is something precious. Because
sometimes you have to realize that the fight you're trying to win isn't the one that's right
in front of you, the one that you're staring at and what your principles tell you is correct.
Those principles are being used against you. Your humanity is being used against you. Your desire
to live free and be left alone is actually being used against you, is actually working against you
because it's keeping you from self-organizing around a much more organized and ruthless opponent.
So at some point, you have to just realize it's a war.
And during war, there are no principles.
There are no freaking libertarians and foxholes any more than there are atheists.
There aren't.
Like, that's not, war is not the time for that.
We fight the war so that we have the chance to act like libertarians later on and let peace reign.
But sometimes you've got to go to war in order to defend your home.
One of the things I said this morning in the market report when I was railing about this,
again, trying to make this point, you know, because I know my audience skews that way,
is this.
Do you think you have property rights?
No.
Of course you don't have property rights.
You pay property tax.
You owe the government in perpetuity or you're a feudal slave on your land,
paying 1% to 4% in rent.
So I got news for you.
You wake up in the morning, you're being aggressed.
The non-aggression principle doesn't apply, period.
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.
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.
Okay.
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?
Now it gets interesting.
Now you have to talk to all your brethren around you.
Now you have to go talk to your community members.
Well, who are those community members?
Well, that's your city council, and that's your state government, and that's your federal government.
But again, as I've been arguing, and I mean that in the classical sense, not in the contrarian sense, right?
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.
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.
but what it really is in reality is a tool. And in the financial space, it can be a tool for good
or it can be a tool for evil, depending on how you define good and evil. In this case,
I'm going to define good as defending the sacred honor of the U.S. Constitution. Why? Because the
U.S. Constitution is a miracle. It is the only founding document of any stripe on the planet
that puts the people above the government, in theory, right?
Now, of course, it doesn't operate that way today,
but that doesn't mean that the idea of the Constitution
should be just thrown out because it's bailed.
We should want the Constitution to be reinstated.
And why would we have the old kings of Europe
be so dead set on destroying the Constitution?
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.
And philosophically, they're saying to you, they have, quote, unquote, the divine right of kings or whatever you want to call it.
They have the right to rule because they are superior beings and you have to be their travel slaves.
Well, if you look at parliamentary systems, you look at all the chargers of every other freaking country on the planet,
it doesn't say we the people are trying to ordain this constitution to create these limited powers of our federal government.
That's like waving a red flag at a bull, okay?
Philosophically, it's diametrically opposed to who these people are.
They believe they have the right to rule you.
America says no.
No one has the right to rule anybody.
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.
Now, we can argue philosophically whether that arrangement is even good or not, but that doesn't matter.
Fundamentally, that's far fucking better than everything that they have.
And if we allow them to destroy the Constitution, we allow them to destroy the United States,
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.
They will have proven that all of this individualism is a bunch of crap and that they win and it might make right.
Right?
That's philosophically the way they think.
That's philosophically the way they've structured the argument.
That's fundamentally the war we're fighting.
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.
because right now this is it for all the fucking marbles are we going to stand up like men and say
we want to live free or are we going to argue amongst ourselves about the placements of commas
versus semicolons and whether or not you know the i think that whether or not for example the fanny
and freddy ipo is you know libertarian enough or not like fuck you like this is the this is the
thing. Like, we're here to discuss whether or not we can, what the order of operations is to get to
the place where we can have the highfalutin arguments about the limits of individualism.
Okay? And if you want to understand why I've come to this, really come to this conclusion,
it's because I've watched the individualist left, otherwise known as the Marxists.
they believe in pure they they believe in the pure and utter individuation right 75 fucking
genders ltbtq ita plus the bbq sauce like it's all identitarian politics is at its core ultimately
wants to break everything down to the same things hardcore libertarians do the individual sovereign
it's why the political circle the political spectrum is not aligned to the circle and therefore
hardcore Marxists and hardcore libertarians practically are exactly the same. And they
purity spiral in exactly the same way because of the way our brains work physically. So now,
with that said, we're watching how individualism is being used to drive people
crazy through this mind virus of the unquenchable envy of Marxism. It's no different
than the unquenchable oppositional defiance disorder of hardcore libertarians.
It's no different.
I know this.
I used to be one.
And so you step back and you look at it and you go,
they're both being empowered now,
one to stay out of the game
and the other one to be the frigging literal brown shirts,
or in this case, black shirts,
to undermine the entire scenario.
So the hardcore libertarians sit there and do nothing but complain about Trump doing everything wrong.
Meanwhile, Antifa's running around like freaking, you know, like crazed jackals, trying to create another Fort Sumter.
Like, it's all just bullshit.
At the end of the day, Trump has been elected to rule and to run the country.
And that means all enemies, foreign and domestic.
like it or not that means
bait them into making bad
making bad decisions and then roll them all up
in flour go for the wet spot and put them all in fucking jail
and if they resist shoot them
he has that power as president
he's always had it
and so that's where we have to be
I hate to say it but that's where we have to be in our thinking
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?
It is a perpetual war. You're always fighting this impulse for people to want to rule over other people.
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.
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?
We have chosen the path of maximalization, right?
We have nothing but psychopaths and sociopaths ruling us right now and saying that they're justified.
So I'm all for carrying the old system down.
Don't get me wrong.
but the war we're fighting this particular phase of this war of the eternal war and the acute
nature of this war which right now is literally world war three being fought in multiple venues
at the same and and at this at different levels in the same same areas of financial geopolitical
cultural, militarily, and whatnot.
No, that's going to have a very definite end.
I don't know when that end is going to be.
My guess, three to five years.
These things tend to burn themselves out in terms of extreme levels of violence in about
that amount of time.
World War II was five years long, six years long.
The Civil War was five years long, yada, yada, yada.
Like the intense nature of these things is going to be about five years or so.
I think we're in year one of that phase, the kinetic phase of this war.
So Trump's got a lot of work to do.
So, you know, it sounds like there's a lot of fronts here to this.
And let's talk maybe more about financial, particularly money, interest rates.
I mean, money changed a lot at the end of World War II.
And not for the better.
I better know.
So, I mean, is money changing now or is that more going to happen later?
It's in the process of changing right now, and you can see it.
So it's funny.
You know I love Bitcoin.
You know I love gold.
You know I love decentralization of systems.
So I'm watching everything that's occurring around the – so let's back up for a second.
So yes, the short answer to your question is yes.
The Europeans are desperate to go to a digital euro.
They all don't, at the same time,
they know that doing so will create
a large amount of capital flight
out of the European space, right?
The European capital space.
So now they're working very, very hard.
And you know that they're desperate
to try and keep that,
keep the capital that exists within Europe there.
So they're putting up capital controls left and right.
The thing I saw this morning
that really got me interested.
Somebody threw it at me on Twitter this morning
that the Bank of England, for example,
Andrew Bailey over at the Bank of England
wants to limit the amount of holding,
the amount that any British citizen
can hold in U.S. dollar stable coins to $10,000.
Because they know what's coming.
They know that when the Clarity Act finally gets passed,
the Genius Act's been passed,
but the Clarity Act has not.
And that ties into the shutdown, I believe.
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,
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.
There's going to be domestic ones.
Think your local bank.
I don't care if it's Truist or Wells Fargo or whomever.
They're all going to issue their own stablecoins based on their own book portfolio, right?
Right. So Bailey is desperate to keep everybody from leaving the pound once they, you know, once they finally close the door.
So once they, in Jerome Powell's words, close the fucking door. Right.
So, yeah, the definition of money is changing.
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.
or the Bundesbank or the BOJ, I'm leaving out the ECB because I don't think they're going to survive,
my personal opinion, and then the BIS and all the rest of that stuff.
So when you really stop to think about what we're dealing with here,
we're dealing with the possibility of tokenization of assets, hard assets,
that will be backed by Treasury notes.
and what is Trump's
and I know that sounds
to Bitcoiners that sounds like oh my god
those are just shit coins. I'm like well
I understand also that you guys feel
that US dollars
are shit coins. To be honest with you
I don't even disagree with the sentiment
but
what's important
is to realize that
everything that Trump is doing
in DC
is to
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
This shutdown may wind up balancing the budget.
I mean, there's a lot of moving parts to all of this,
and so I'm going to try and lay some of it out here.
But the shutdown is very, very interesting
because it doesn't work politically for the Democrats at all.
They're going to get roasted for this.
They're not going to win this fight.
They're the ones that shut down the government over giving free health care to illegals.
So why are they doing it?
Is it because AOC is running for president or for Chuck Schumer's seat?
He's all worried about it?
No, that's all bullshit.
None of that matters.
This is a directive from upper management.
This is a directive from DABOS, the high table, whatever you want to call them.
Why?
What's the big deal?
What are they trying to stop?
Well, I would argue the two things they're trying to stop are at a minimum,
and there's probably other things that Trump is trying to get done that I haven't thought of or addressed yet,
and I'm sure will come out as we watch this shutdown evolve.
The first thing I thought of was the realist thing and the IPO of Fannie Mae and Freddie Mac.
I'll get to why that's so important in just a minute.
The second thing is what I just touched on.
the passage of the Clarity Act, which is stopping the process of creating the U.S. dollar stablecoin
system that Scott Besson so desperately wants. But at the same time, so that's what they're
trying to stop. What are they empowering, though, on the other side? The shutdown is X. It means X.
It happens. It has bad effects that they want, and it has good effects, or the other way around,
depending on your point of view. So the weapon, the shutdown is being used for these things on
this side of the ledger, Fannie and Freddie, Stop the Clarity Act, I'm sure there's four or five
other things they want to create. On the other side, what's good? Well, it gives Russ Voke the
opportunity at OMD, and I know I mentioned how important he was to you previously,
to go through and finally implement the 1.3 to $1.5 trillion in cuts that, you know,
he identified before he any, you know, Trump ever even took office. He has, he's already,
I'm telling the vote knows at OMB and he has his group out over at OMB. They already know what they
want to cut. They've known for three years what they wanted to cut if they ever got back into
power. So that's why Trump let it be known that he's now all of a sudden the guy everybody should
be afraid of. But they held vote in the background, and nobody even knew his name. I knew it was
coming, right? Because I knew where the cuts had been identified, who would actually then have,
and then what would be the conditions to create the opportunity for those cuts to be implemented?
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.
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.
But on day 61, all those federal employees they want to fire, they've already had their 60 days notice.
On day 61, they're all permanently fired.
They're not going to come back after day 61 with their back pay and everything else.
Not going to happen.
They will be fired.
And that will mean British agents that work.
I'm thinking specifically about imagine the list that Tulsi Gabbard has amassed over at DNI.
over all the intelligence agents
and all of those guys,
the MI6 assets, the Mossad assets,
the fucking CCP assets,
the FSB assets, Russian assets.
There's tons of them.
There's the Obama holdovers.
All of those people, every one of them, right,
can be fired summarily
by destroying their infrastructure.
which is already getting destroyed.
Same thing in the IRS.
Same thing at, I don't know,
Energy, Department of War,
all of it.
Tomorrow, gone.
Grants, gone.
DEI hires, gone.
Payments to NGOs, gone.
Not discretionary.
Not important.
While they continue to go through
the social security rolls and find out where all the fraud is and medicare fraud and i remember
you know i've said like you know i i sat here for a couple of years as the only guy on the
planet going i feeling like the only feeling like the only guy on the planet that we can cut two
trillion dollars from the budget hell we spent two trillion dollars less than 2019 before covid
than we are right now why the fuck we have we go back to the 2019 budget interestingly i put that
you know, talking point out into the zeitgeist.
Four months later, Rand Paul ran with it.
Like, thank you, Senator Paul.
One of the few goddamn good things you've done
since you've been in office,
since you got your ribs broke.
Furlan convinced that both he and Thomas Massey
are switch hitters, not Democrats.
I mean, working for the real bad guys.
So...
And I wouldn't blame them one bit.
Of course, you know, given what's happened to both of them.
But I don't have to support them because they utter magic words that sound vaguely libertarian.
I'm not that codependent anymore that I need to have somebody to champion up on Capitol Hill.
Fuck that.
Like, I don't care.
They speak magic words that doesn't make them libertarian.
No, do not.
Sorry.
Now, so that's on the good side, right?
You have the possibility of getting rid of unbelievable levels of the managerial state, which is the problem.
The Supreme Court has handed Trump win after win after win after win, reestablishing his Article II powers all summer long.
minor cases, all these injunctions, all these roadblocks, all summarily slapped down by John
Roberts in the court. Clarence Thomas came out the other day, and a lot of people missed this.
Hell, I missed it until somebody pointed it out to me. I think actually it was Dexter White who
pointed it out to me, that Thomas, you know, made it abundantly clear that this session
is going to be that judicial review and precedent will not be a guiding factor in our decision
making process on the court. Meaning just because a previous Supreme Court made an
unconstitutional decision in the past does not mean that we have to accept that as precedent
and as law. Do you understand the potential of that statement? If he's got five or six
members of the court to agree with him on that point, we could relitigate the entire
managerial state all the way back to fucking Marbury versus Madison on the concept of judicial
review. We talk about a real reconstruction, a real reconstruction of the Constitution.
And all of a sudden, 90% of the things that you and I have lived under, and we've had to accept
the piles and piles and piles of dog shit that we have been forced to eat our entire lives,
goes away.
Because all of a sudden, we can now read the Constitution
and expect the court,
we can expect how we know the court is going to act.
We've never lived like this, Saperna.
We've spent our entire lives living under this terrible system
of this terrible bastardization and deformation of our system.
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?
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.
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.
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.
unbelievably bad piece of precedent and legal thinking within the constitution.
Interestingly enough, I was having a conversation with a friend and patron the other night,
and he brought up a really great point.
So if you look at the way, if you look at the strategy to destroy the United States,
to destroy the constitution from within, what they did was you watched simultaneously
over the last, especially the last 20, 25 years, certainly since the beginning of Bush the Lesser's
term in 2001, was to have Congress abdicate its powers. And really it goes back to the War Powers
Act. Abdicate its powers, hand some of the powers that it has, give those to the president. So the
War Powers Act, for example, handed the power to declare war, which is explicitly a congressional,
legislative branch decision. They make the decision, and the commander-in-chief executes
on that decision. So Congress has no ability to tell the president that he's prosecuting the war
badly, but they can only do that by taking away his power to wage war. But they can't take away
his role as commander-in-chief. So the War Powers Act, blatantly unconstitutional.
clearly the congress abdicating and handing the president power he shouldn't have the ability to
declare war and then execute war should never had that but at the same time we bound the president
down by giving his power to the legislature through the judiciary so it's like everybody's
powers which were nicely separated and balanced against each other have all been mishmashed
in this spaghetti of bullshit
so that it all looks
vaguely parliamentarian
like they have in Europe.
What a shock.
Because
if you read the Constitution carefully, folks,
if you think Trump's a dictator now,
you ain't seen what the president
can actually do.
And this is going to be the big shock for so many on the political left.
And that's what they're having such a hard time dealing with.
And like, Trump's a dictator.
Trump's a dictator.
And this is all coming straight out of fucking MI6 as far as I'm concerned.
Nobody else has the incentive.
The Mossad doesn't have this incentive.
Are you kidding me?
He's undermining fucking Trump.
He's the Mossad's best goddamn friend.
But MI6?
It's a different story.
because Assad and MI6 are not the same.
They're downstream of each other.
They do a lot of, it's the same thing with the CIA.
They all have their agendas.
Their Venn diagram does not one-to-one overlap, right?
They have, you know, their Venn diagram of interests.
They have some crossover in the middle.
When you really think about what the president can and cannot do,
and Trump has now been fully briefed on what his Article II powers are.
He came into office in 2017, he had no idea.
now he knows, and he's executing like he knows. And that is fundamentally different than where we
were. And getting control of and changing the definition of a dollar is incredibly important
because what we're now watching is a treasury secretary who knows how to manipulate the plumbing
of the financial markets to his advantage. And the first thing he did was start draining the LBMA of
all of its gold. Now he's draining the LBMA of all of its silver. While he openly empowers Bitcoin
to become a collateral asset of the United States. Like he doesn't understand Gresham's,
you know, sorry, Exeter's pyramid, you know, the inverted pyramid of the monetary system.
Hard, pristine collateral assets for all that matter. And Besson, I think, is absolutely trying
to grow that pile. And by getting out of the way, if not actively encouraging a higher gold price,
so again, something that you and I have been talking about for years,
who does that hurt? Everyone who doesn't have gold. Who doesn't have gold? Bank of England,
Bank of Canada. Oh, Bank of England, Bank of Canada. Interesting.
thing. The LBMA has been running an operation to suppress the price of gold and then blame it on
the COMEX. The British do this shit all the time. They operate all these freaking systems,
and then they blame us for it because it's always our boots on the ground doing their
handiwork. It's always our banks getting in trouble with doing stupid deals with them or
whatever. When globalism was ascendant, our Wall Street was fucking horrible, right? But the minute
globalism was then trying to take out our banks, our banks were like, you know, whoa, whoa, you're
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
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.
rolling all the national governments up into the UN,
rolling all of Europe into the EU
and everybody else up into the UN,
and then subordinating the national banks
to the BIS and the IMF,
and then the high table runs the whole fucking world.
I'm like, they didn't deal J.P. Morgan in.
They didn't deal Goldman Sachs in.
They're like, you know what?
We can roll these fuckers.
and they called up Putin
and they called up Xi
and the rest is history
that's my read on the situation
that's my fan fiction
and
I've been operating under that rubric now
for four years, four plus years
and I'll put my
track record of
calling the shots up against anybody's
I'm not saying
that I've been the best at it but I've been pretty damn good
and I think it's
I think it's been an operative.
I think it's been more descriptive and more operative than, you know,
any countervailing thoughts that are out there.
I'm watching too many people just run the same script from 20,
as if they were, this is 2010.
I'm like, this world is not 2010.
It's not.
And we can have that conversation as well as to why that is.
But that's where I am right now.
What do you make of the political violence in the landscape?
I make the political violence is the high table trying to or Davos, whatever you want to call them, trying to stir the pot.
Like, it's just that simple.
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.
It's all the same shit over and over and over again.
The British have been running color revolutions against their opposition to their rule for 300 years.
or more. And when I add, when I say the British anymore, I do not be in the English, right? I'm,
I'm, I'm with my friend Ian Burlingame on this. I know, I understand there's a big difference.
It's like Americans are not benefiting from the empire any more than little Englanders
and Scots or Irish or Welsh benefited from the British empire, right?
or the Dutch people benefited from the Dutch Empire, right?
But the British really did perfect the central bank model.
I read a great tweet the other day kind of going over the history of how the old East India Trading Company
and the Crown Corporation morphed over time into the institutions that we know today as the World Bank,
the IMF, the BIS, all that, post-World War II, in the post-Britain Woods era.
And then so that, you know, while, you know,
nominally America was in charge of the world,
really the British were still running it from behind the scenes
because they had control of the financial system.
And they still had control over all of it, you know,
through the securitization of assets and all the rest of it.
And that's where DTCC gets into that and how none of us hold our stocks
and stock certificates anymore.
We hold everything in street name, blah, blah, blah.
All of that, I mean, tokenization of stocks
began 50 years ago with DTCC
and holding everything in street name.
So let me put it this way.
I'm a little skeptical,
a little skeptical of the whole Robinhood
tokenization of stocks trading 24-7 thing.
That just screams fucking city of London
and around what's coming.
I don't see any reason why we need
the trade stocks 24-7, 365. None. Especially when we're trading them during off-peak hours
when there's no liquidity and the banks are all closed and the fucking clearinghouses aren't open.
It doesn't make any sense unless they're going to go to some kind of crypto-based settlement
at the same time and we're going to remove the old clearinghouse network from the process. Well,
that's a different story, but we're nowhere near that yet. I don't give a shit what anybody says.
I don't care if we're talking about anything that Stellar's built or Ripple or this one or that one.
No one's built that network yet.
We're nowhere near that.
So the fact that Robinhood is trying to push into that space now screams fucking Sydney and London,
hey, we need to bomb the freaking market so we can set the table for the New York opener,
for the London opener, for whatever reason.
And we can use the back.
And it's a backdoor way to price assets.
So, no, the thing that needs to happen is for them to,
they're losing control of the gold market.
They're losing control of the silver.
They've lost control of the silver market.
They've lost control of the gold market.
Now the big question is, are they going to, you know,
when are we going to take away their control of the oil market?
That's the last one that they really control.
DTCC, that's the City of London entity?
By proxy through a variety of people, but yes.
it's a very scary thing man it's all there i i tweet i tweeted it out yesterday afternoon
it's on my it's on my twitter feed the history of this stuff might have been this morning actually
as a matter of fact but all that stuff and then that ties back into 9-11 and why did they pull
building seven and bubble wall because all the dtcd records were were in building seven
So now what?
I don't know.
It's just, every rabbit hole you go down,
you find something else to corroborate what you think you know.
My point about all of this, and I may be, again,
I may be wrong about some of this stuff.
I'm not going to, you know.
What's important is understand is that who's got the incentive
to try and keep the existing system running.
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.
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.
There can be no real ability to build wealth that's outside of their control.
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.
And he's the biggest state that can get it done.
he has the money to get it done. He has the, probably has the population to get it done.
And if he gets it done, it changes everything because, you know, that feudal serfdom that is
property taxes, property taxes is, needs that, you know, you want to fund the schools? We'll
figure out a way of funding the schools that doesn't tax people based on the value of the
land. That's just bullshit. Like we can do that. We can solve that problem. We don't,
We don't need the one-size-fits-all of property taxes.
And for all of the people in the audience who say,
well, how are we going to get the money?
It's because you can't come up with a solution to the problem.
It doesn't mean one that doesn't exist.
And that's the biggest problem you always run into with people.
They can't think of a solution off the top of their head,
so therefore it can't work.
Well, that's nice.
I didn't realize that you were God.
I didn't realize you were the smartest person in the world.
No, most people who make those arguments are IQ 105 midwits,
who've never really thought through a secondary or tertiary effect on a policy that they've advocated for in their entire life.
And then we have to, like, you know, we're supposed to allow these people to fucking vote?
Like, really? Okay.
Did I just describe half the population?
I mean, the women.
No, I meant the women, actually.
I'm terrible at this point.
I'm like, we should get rid of the 19th Amendment, too.
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Speaking maybe of the middle class, what's the deal with Fannie and Freddie?
How big are they?
Good. Good callback.
I left that one dangling and I forgot to get back to it.
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.
One of the great inventions of America was the government-sponsored 30-year fixed rate market.
There's just no way of arguing it.
And I'm going to explain why, and then you're going to understand why 2008 happened the way it did.
And then you're going to understand why we had to have zero bandage rates,
and why Trump was cock-blocked in his first term from bringing them out of conservatorship.
Let's start from the beginning.
What is the 30-year government-sponsored mortgage?
And I said, government-sponsored, not government-subsidized.
Government-sponsored mortgage.
Well, traditionally, you know, home mortgages were 5 or 10 years long.
Maybe 15, but really, 5 or 10.
Why?
Because the bank never wanted to take on that much term risk.
Because the business cycle is anywhere from 5 to 10 years long, and blah, blah, blah, blah.
Makes sense.
So they have a natural disinclination to want to lend over 30 years.
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.
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.
Maybe 10.
Plus interest, so it's actually more like one and a half, or even close to two, probably two.
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.
Build no wealth.
what's the cash flow on relative to that you're thinking about think about that right think about
how much of your disposable income you would have to put down every month pay out every month in
order to pay this mortgage off or you have to save up 30 percent then only pay 70 percent on
whatever it's a lot of cash flow right now traditionally banks like 363 banking otherwise
known as net interest margin banking. It's otherwise known as the following. You borrow at
three, you lend at six, and you're on the golf course by three. That's traditional 363 banking.
What I mean by that is you and me, we're the depositor in a local bank, and the bank's going
to pay us 3% because they're lending out to the small businesses at 6%, and they're getting 6%
on the note. They're paying half to their depositors. They're keeping half for profit
and SG&A costs and everything else to run the bank.
And it's a very simple model, and it works brilliantly as long as the term makes sense.
Three-year loans, five-year loans, two-year car loans, whatever.
Brilliant.
But a 30-year note, because the longer you're tying up the money for,
the higher the interest rate should be, the more the risk is.
At some point, it's not 363 banking you're engaged in if you're doing 30-year mortgages.
It's more like 393 banking or 3103 banking.
So what's the government sponsored mortgage?
How do Fannie and Freddie come into this?
Well, as opposed to that 393 banking model you offer.
So let's just throw some numbers out.
This is to make it your understanding of the thing.
As opposed to, so if it's a five-year note or seven,
if it's a seven-year note, let's just call it a seven-year note,
just to like split the difference.
A seven-year note is the payback of any amount of money on a 30-year amortization cost would cost you X per month.
If you double-tap the note, meaning you pay twice X, you'll pay it off in seven years.
So it's a 30-year mortgage into a seven-year mortgage if you pay twice the payment every month.
Okay?
Now think about the 30-year mortgage.
In order to get that 30-year mortgage, though, you've got to pay a much higher interest rate.
And that's at the same interest rate.
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.
You're never going to pay off a 30 in seven years.
So what does Fanning and Freddie do?
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.
We then take the mortgage, make a market in a mortgage-backed security where we pull all these mortgages that people can pay,
and then we sell those off and we split the difference on the note between that 393 banking and that 363 banking.
That extra premium, we slice that up and securitize it across the entire investment space.
People can buy mortgage-backed securities, invest in them.
And insurance companies will love the cash flow that gets paid off from the interest on the notes.
All of it.
The insurance companies, the pension funds, private investors, stockholders in Fannie and Freddie, everybody wins.
Fannie and Freddie are an insurance corporation.
It's what they are.
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?
But the probability of people defaulting on the 30-year note because of cash flow.
oh so low, is minimal. So now all of a sudden you have all these high credit worthy individuals
paying literally just over half or less than half what they would have paid had they asked
for the 30-year note originally. Because they weren't going to pay $1,000 versus $500. They
were going to pay more like $1,400 versus $500. Because they're going to be paying an higher
interest rate. Because you get the 70-year note at 6%, but you're going to get the 30-year note
9%. So now all of a sudden, there's a lot more wiggle room in here.
Okay, so this is the key. This, and what do you do? And if you're Mr. Middle Class American,
on a salary, like my dad, who's NYPD, house, I bought my house as a government,
the house I grew up in was a $28,000 up in the burbs, up in upstate New York. My dad commuted
back and forth to the city every day, making roughly what the, probably made less than actually
what the house was, he paid for the house, because he complained about how much he paid
for the house. He was probably making like 21 grand a year when he first bought the house,
right? And then, you know, at 3%. And so, you know, now he has two options. And here's the
interesting part about it. It was a 3%, but this is how credit worthy America had become by 1968.
Now think of it this way, right?
If you're a small business, if you're a guy with an entrepreneurial band,
you now have an extra $900 a month to go out and try and start a business with
and make more than the 6% you're paying on your mortgage,
and build a business, make it more than 6% a year,
and now all of a sudden your customers are paying off your mortgage.
That's the key to middle-class wealth.
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.
And it was destroyed in the 2008 financial crisis.
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.
and then blamed Fannie and Freddie, put them in conservatorship,
stole the wealth of the stockholders in Fannie and Freddie, bankrupted them all,
handed the banks all a bunch of junior preferred shares that then cratered
and left big holes in their balance sheets, and everybody walked away.
And then Obama was still collecting all the fucking fees,
and all the money that Fannie and Freddie were making got rolled into the general,
fund of the country and is used to pay for Obamacare.
Conservatorship and bankruptcy is never supposed to be permanent,
but they set rules up, the Capitol rules up,
and they created the FACFA, who then set the friggin' Capitol rules
that made them impossible for Fannie and Freddie to ever meet.
And yet, somehow they still wound up almost doing so.
I mean, they're out of position now,
they're almost capable of paying off these exorbitant frigging numbers that they had put
together. So the more I read about this, the more it was obvious that they just stole the wealth of
an entire generation. And the goal was to destroy Fannie and Freddie and then play up the fact that
the Wall Street banks had done this terrible shit, Altay loans, Ninja loans, this, that,
and everything else. That was all done, subprime loans, that was all done on purpose. And then it
was all blamed wrongly on Fannie and Freddie, who were then rolled into conservatorship,
forced into bankruptcy, nationalized, and then left to rot. And then we passed Dodd-Frank,
which makes it nearly impossible for anybody new coming into the market to buy a house
under reasonable terms, 20% down or more, maximum loan-to-value ratios,
20 to 30, 20, 25, possibly 25% down depending on your credit rating, all of this shit.
And if you're a small business owner, which I have now personally gone through myself
in trying to get a cash-out remortgage against this house,
like i've been running i've been i spent two and a half months fighting with the
fucking underwriter over at wells fargo
oops i just named names i wasn't supposed to do that but since they finally
approved my own i don't care the point being is that
we they give me the runaround because my taxes aren't filed for 2024 because they're not due
yet. I filed an extension like every other small business owner in America. But the documentation
is I can't use my books and the profit of my business to prove that I can, that I'm credit
worthy. It has to be two years worth of my current two years worth of taxes, knowing full fucking
well that, and Elizabeth Warren and Ben and Barney Frank and Dodd, Chris Dodd, they all knew what
they were doing. Those rules were given to them by the fucking city of London, the fucking British,
and the fucking BIS. This is the exact same terms that Canadians get today for a 30-year mortgage.
Exactly the same terms. I was talking to a Canadian friend of mine about this the other day.
So yeah, we have a 30-year mortgage. You got to put 20% down. I'm like, yeah, it sounds like what
we have. And that was never the case. Now, you can go for an FHA loan, but it's much harder to
qualify for. Not all banks do it, blah, blah, blah, blah, blah. And still Fannie and Freddiger
are like the entire mortgage market now. It's insane. It's absolutely and utterly
obnoxious and insane. And the whole purpose of all of this was to deny the basic capital formation
mechanism for the middle class. Then they go to zero, the zero bound,
and all the money flows into housing and health insurance and this and that and all those things,
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
pocket the difference,
and then look at their kids and go,
oh, why can't you buy a house?
Deadbeat.
That's one.
Two, the next generation,
they can't get a loan.
They don't make enough money.
Like you've got millennials who came into the workforce in the 1990s or late 1990s in the aughts, making what?
Entry-level job, making what?
$20,000 a year?
They've worked their asses off.
They're now middle management making $45,000.
Minimum wage is now freaking $30,000 a year.
Right?
My daughter got a job, first job out of high school, making $32,000 a year as an entry-level job over at UF.
Okay?
Now, she can afford a starter home with, you know, if she were to get married tomorrow,
the two of them together could come up with about, you know, $70,000 a year in income.
Income times three, they could afford a $210,000 house, which, by the way,
will get you a shitty house on the north side of Gainesville.
Right?
not bad. Not most markets though. Like the millennials are still stuck. They can't make
enough money to get income times three to buy a decent house at 40 years old, 35 years old.
The girls are all childless. The dudes are all making, again, 40 grand a year, 45 grand a year.
They think they're successful, but they're not. They're just like working their fucking asses off
for nothing. They've all been shut out of the system. It's all done on purpose, Cedric. And
Trump wanted to get out of, wanted to get Fannie and Freddie out of conservatorship in his first
term. And he couldn't do so because the Supreme Court barred him from firing Mel Watt, a holdover
from the Obama administration as head of FHFA, because he didn't want to leave. And they couldn't
fire him for cause because of the way the court was structured at the time.
now
from some power
Pulte's in charge
and Pulte is literally going to
his job
from what I understand
is literally just to shepherd this thing through IPO
get them privatized
get them professionalized
get them cleaned up
move them out into the market
and then they'll move the whole thing under HUD
from what I've heard
that's what I've heard
that they'll move
they'll wind down the FHFA
wind down
the reason for it
doesn't
it won't exist anymore
they may even like throw in
you know, Ginnie Mae at the same time, and just like bundle the whole fucking thing up into what
Trump wants to call MAGA, the great American mortgage company with the ticker symbol MAGA,
which is hilarious. But, you know, call it GAMC, the great American mortgage company.
And he wants, and he understands it. And this has to be done. And I think that the shutdown
is part of that, is to slow that IPO down. They will do anything to slow this down,
Because the minute all of this stuff comes out in the wash, everybody's going to realize just how badly Obama fucked a country.
And how much of a traitor this guy is on every level.
I got news for you, Barack, Barry.
Get yourself to a non-extradition treaty country.
Because they're coming for him.
You want to be blackpilled?
I'm not blackpilled.
I know his target.
I know Trump's target is Obama.
But when you take a shot at the king, it has to be a good one.
Just like when they took a shot at Trump, they couldn't miss, and they missed.
Now they're going to pay the fucking price.
I'm dead serious.
And everything I'm watching supports this basic thesis.
Trump goes to meet with the king of England.
And somebody asked me on Twitter, they said, Tom, why is he going to meet with the enemy?
That makes no sense.
I'm like, oh, that's because he's probably going to, you know, present the king in terms of surrender.
You know, the war's over.
We've won.
Let's cut a deal.
Let's move on.
Let's free your people.
The king clearly said no.
On Wednesday, he goes to meet with the king.
On Friday, Trump nukes the H-1B visa program.
I'm sorry, but the flooding of
Indians through H-1Bs into
the United States and Canada
Canada's a different mechanism, obviously
than H-1B visas, but basic idea
clearly coming directly out of
City of London, directly
coming from the Crown
That was number one, then he goes to the UN
declares war on globalism
So, you know
we got Antifa in Portland and Chicago and opposing ice raids and all the rest of it.
This is what's going on, man.
This war is like every fucking front everywhere.
It's hilarious to see it playing itself out the way it is.
But I think it's absolutely, I think it's real.
It's hard for me not to see it this way.
But they have to stop.
Like, how do you get kids to go for the nihilism that is Marxism?
How do you radicalize kids that are out there on the streets today?
They're not all paid crisis actors, man.
Some of them are true believers, right?
How do you get those kids that radicalized?
How do you get a Tyler Robinson, even if you don't believe the story that he shot Charlie Kirk?
I don't care if you do or you don't.
Let's just run with it.
let's just say that it is true that he did it and why he did it.
How do you get a kid to that radicalized?
He's going to have no agency in the system.
He's going to have no belief that he can ever have any agency in his own life.
So, and, you know, in my mind,
most of the kids who were quote unquote trans are really just, you know,
extreme levels of childhood PTSD for a variety of reasons,
be of bad home life, the general anxiety of living through this period of history.
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
towards that by giving them, by leaving them with no opportunities for a better life. And they either
embrace destructive individualism on the right in the form of checking out of the system and
and chuckling and collapsitarian,
a la the libertarians and or the fucking Gripers,
or you go the other way and you embrace Marxism.
Now, a lot more kids will embrace Marxism, obviously,
because it's also being taught in the schools.
And so as a rational alternative, which it's not.
And so, you know, that's what I see.
and how do you break that cycle?
How do you stop the de-radicalization
of the next generation of kids?
Well, obviously,
you radically lower the true cost of ownership
and the cash flow hit relative to wages
of being able to start a home in a family.
You give them help.
You give them hope.
You cut their taxes.
You make it easier for them to start businesses.
You make it easier for them to get into a home
and start a family.
They're not sitting there thinking, I'm not going to have enough money to start a family until I'm 40.
Well, yeah, with an attitude like that, might as well just turn out the lights on the whole fucking civilization.
Women aren't to be having their first kid at 40.
Hell, my daughter was born, my wife was 36.
It was a mistake.
We were married 13 years before we even had a kid.
It was a mistake.
those memes that run around twitter every once in a while you see them like if you could give
your if you could tell your younger self any one thing in three words or less what would it be i'm
like that's easy have kids early huge mistake biggest regret of my life only having one child
so that's the ant that's the antipode that's the antidote for the for the political violence that
we're seeing the political all of it and fanny and freddie are a big part of this they're not
the only part, but they're one big piece. Because once the IPO happens, then Trump and Besson could
declare an emergency in housing, rewrite the rules, suspend Dodd-Frank, start cleaning the
whole fucking thing up, and start getting this thing moving, which is part of the reason why
Trump is so adamant that Powell needs to cut rates. But at the end of the day, Powell couldn't
cut rates before Trump had actually gotten some wins on the board. The wins are on the board,
Right, Kamina?
Good girl.
My dog is over here next to me.
And he's got the wins on the board.
Howell started to cut rates.
I'll be shocked if he doesn't cut rates by 50 basis points,
either at this meeting or the next one.
Personally, I think he should cut 50 in both places,
at both Halloween and, you know, the Fed.
The last one is always right around, you know, the Boston Tea Party.
the 15th, 16th, that kind of thing.
Middle of the month.
The Ron Paul money bomb day.
It's always hilarious to me that
the last Federal Reserve meeting of the year
is right around the same time as the Ron Paul money bomb.
Do you think we're on the right path?
Yeah, I mean, I think we're on a better path
than we were before.
And I don't think a path is going to be perfect.
And I don't think it's going to be easy.
no plan, you know, survives contact with the enemy or reality.
But I do think we're in, I think, I do think that, you know,
the basic framework for what Trump is trying to do is the right framework.
Is he going to get everything right? No. Have you met Donald Trump? No.
but demanding that it be perfect,
I ask the same question.
What do you think, I'm 12?
I'm not, you know, I don't believe in good guys and bad guys.
You know, I believe in flawed people
doing the very best they can under difficult circumstances
against very bad people.
And, you know, what we have to really do
do is put aside our own anxiety and our own hurt.
And believe me, I'm as cynical and as, and as, um,
and as, uh,
as scarred and pissed off about all this shit as anybody else's.
But I'm like, it does no good to just, you know, give up.
I mean, what the fuck, what the fuck is that?
You know, you're just,
you're just ceding the ground to them and you're ceding the word to them
before you've even fired a shot.
You've even tried.
And I'm like, I don't know, I spent too many years in the freaking dojo, you know, learning how to counterfeit.
Like, no, fuck you.
You come at me, I'm going to give you the beans.
And I, no, I spent too many years in a dojo for the purpose of learning how not to be a victim.
I will fight the best I can and the way I can.
and if that fight is with ideas, words, and communication,
then that's how I'm going to do it.
Hell, my eyesight's not good enough that I can't, like, you know, what am I going to do?
But I don't know about you, dude.
Did you watch Pete Hicks' speech the other day?
You should.
You should also watch Trump's speech at the UN if you haven't watched it, the whole thing.
You should watch both of them.
If those two things don't make you proud to be a fucking American at this moment in time,
nothing will.
I'm serious, man.
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.
It's monumental.
It was literally walked in 55 minutes worth of fuck you people.
You are all on the wrong path.
You're all committing suicide.
and I'm here to tell you that the United States is not going to do it with you.
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
And I hope we never have to go, we never have to do so.
But defense has gotten us nowhere.
Our job is to go to war, to be warriors and fight and be prepared and in shape to do so.
And everybody else, get out.
get out go away dude after 30 minutes that guy had me wanting to join the fucking military
me like i'd be caught dead in a fucking uniform i was like dude that's an organization i want to
be a part of a purpose built driven to do to do its job i also knew that what he was
arguing for was that we're going to do this because we know we have a, the real fight is at
home. And we're getting, and that speech was a call to fucking arms to every freaking American.
We have a real damn problem. And that problem is right here at home. And it ain't 10,000 miles
away over China or anywhere else. It's right fucking here. We've been invaded and it's time
to stop it. I'm not, you know, I'm not apologizing for it anymore. So I said, I think I said this
morning, I'm like, you know, if that makes me a fascist, well, then give me a red, white,
and blue swastika. I'm good. I'm done. I don't give a fuck anymore. You're not going to keep,
you're not taking my home from me. I decided to stay. I decided not to be a pussy and leave.
And now I'm going to fight however I have to. And that's the way everybody has to be.
And it's going to be messy.
And it's going to suck.
And there may be casualties.
There's going to be casualties.
And we'll move on.
But that's what our enemies are going to be forcing on us.
They've decided to go to war.
Well, they started this fight.
By God, we'll finish it.
That's the way it has to be.
I guess my final question.
How many Americans do you think are aware of any of this?
A lot more than you think, Peter.
every fucking middle-class dude that jockeys a shovel or whatnot
or runs fucking wire or whatever in this country,
every small business owner in this country, I know.
Every time I talk to one of them all and they find out what I do,
I've said this before, every time they find out what I do for a living
and they hear the words coming out of my mouth and I'm like,
oh, shit, he knows what's going on.
And they just stop me dead close.
I don't need to know anything else.
All I need to know is when can we start shooting them?
I'm like
but I'm in Florida
so maybe we're a little biased
Tom this has been so dope
as always always a pleasure
I'll leave it to you for any parting words
and let people know they can find you and your work
sure thank you Cedric I really appreciate you
allowing me to ramble that for an hour and a half
on a Sunday night
over a
actually not a bad cigar
as always you can follow me at
TFL1728 on Twitter
You can check out the podcast and the newsletter announcements over at my blog at TomLawango.me.
You can follow us on Patreon at patreon.com.
We do twice-weekly market reports, about one-hour podcasts of a mix of commentary like this,
plus tying it directly to the markets, the strategic markets of the day, gold, silver, Bitcoin, all the rest of it.
And the monthly newsletter where we have a portfolio strategy and unique commentary from both myself
and my partner Dexter White, the last thing I want everybody to, I want to leave everybody with,
and I've been trying to do this at the end of every one of these that I do,
is like all the stuff that I talked about at the high level, my job is to try and make it make sense
for you so that you can get back a few minutes of your day and understand that this is what's going
on. It's not important for you to have to interface with it in any way. You now get it,
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.
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.
They understand that time is the only scarce natural resource that exists in the universe.
Everything else is recyclable.
But your time, as Cedric, as Tom, as whomever, that's limited.
That's precious.
And if they can steal it from you, they win.
So your job, your mission, should you choose to accept it,
is to go out and find something in your local community
that will get everybody in your community one minute back.
Now think about all the minutes that you just created for somebody.
I don't care if it's
I don't know what it is
you know because you know
what your
community needs
if it's fixing the communications
in your household between you, your wife and your children
anything that will lower your stress level
lower your anxiety level and hopefully
listening to me talk about this stuff
the way I talk about it helps you get back
some of your time so that you can go out
and you can go be fucking brilliant
because that's what humanity is
and that's why we do what we do
right
if you can do that
and we all do that
holy shit dude
the war's already over
well thank you for sharing as always
I really appreciate your bravery and your honesty
and your courage
thank you, said Durkin
doing my best man
peace
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