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See, for years, JP Morgan was the bad guy in the metals market.

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Most of my adult life, the entire time I've been trading silver,

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they were always the bad guy. They're not the third leg of that chain anymore.

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If that triangle trade is broken down, otherwise we'd still be $24 an ounce silver,

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$2,000 an ounce gold. When the price moves against you and you're caught short,

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and you're sitting on contracts that you wrote six months ago,

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So, no, the United States has decided they want gold and silver repriced as collateral,

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and they want pricing leverage over that collateral,

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and therefore they're cutting London out of the market.

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These are big changes.

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They and the Chinese finally said, that's enough.

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Well, then who's pulling the strings behind the scenes?

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Is it Davos? Is it the city of London?

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It's always London.

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It's always London.

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Good evening.

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on Friday.

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market why the hell is the gold and silver markets just freaking out right now um you expect um silver

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to go up 400 in six months and then not to there not to be volatility I mean I'm just I'm just like

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throwing it out there to everybody who's like oh my god oh my god oh my god everybody's got a theory

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and Vince launching let everybody know that JP Morgan was was holding the market back for three

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saying, look, guys, they refuse to let any of their exchange metal go from eligible to registered,

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yeah, from eligible to registered, and therefore there's no COMEX good for delivery bars.

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It wasn't that difficult.

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Most of the guys in the space who know what they're talking about, and there are only four or five of them,

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most of the people talking about gold and silver don't even understand how the goddamn market works.

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but they like to talk because you know it's a good business you know to talk on social media

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anymore um and i'm gonna this is a theme today i'm just like i'm in high dungeon like you you

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got me started like on stream yard like i can't believe we're doing this fucking shit on stream

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yard but that's you know just like say just say no to microsoft wherever you can unless you have

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unless you happen to be a gamer um not that you know like if you're gonna use zoom it's chinese

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malware they're already scraping our fucking data anyway so what the what the hell at least have a

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decent picture it's a decent sound but that's neither here nor there um same thing with gold

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and silver like at the end of the day um jim sinclair told us 20 years ago the people who are

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going to make the most money in the gold and silver bull runs are going to be the very people

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who you hate get used to it the market makers the banks the bullion banks everybody else they're the

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ones are going to make all the money. You're going to make some money along the way if you're smart

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and you leave 20% in the top and bottom for the God agreed. Meaning wherever they move the price to

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on the downside or the upside, you're never going to see the bottom and you're never going to get

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the top because you don't have access to that. So the other day, perfect example, right? Friday

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morning or whatever. Yeah. Last Friday morning, wake up, colds at $5,500 an ounce. It's trading

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there for a little bit. Maybe if you're trading futures, you might've been able to like slip in

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there and get a contract cleared at that price or not. I don't know. I don't play those markets

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because I know better. And I know myself to be, well, you guys have seen me do a podcast or two,

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you know how volatile I can be. That's not a good mindset for being an options or a futures trader.

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So therefore I don't do it for a living. No, I'm much more comfortable behind the microphone

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than behind the trading screen. So, but you might be able to get that, but the reality is you probably

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we got 52, 52.50, you know,

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because those things were all happening.

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All those trades were happening while New York was closed.

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So unless you're trading in the London market or you're trading in the

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Shanghai market or you're, you know, you're trading in Tokyo or whatever,

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like how are you, how do you think you're going to get that price?

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The people who were trying to turn in their, their physical silver,

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they had the problem, the, the, the,

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the problem of the market had moved so far so fast that the refiners were

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tapped out. The bolt, the, the banks were tapped out.

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in terms of credit in order to buy more silver.

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So there was plenty of supply for silver to be brought into the market

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to go to be refined and moved.

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The problem was, of course, that there weren't enough 1,000-ounce

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good-free LBMA and Comex bars to deliver into the contract.

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Now, I was thinking about this when it was happening.

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I was doing shows on Thursday and Friday of last week,

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and I said, yeah, I wonder why that is.

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Do you think maybe the banks said no more credit to the dealers and the refiners?

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Do you think they also turned around and that London didn't tell the refiners to stop delivering, to stop refining metal?

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Why would they do that?

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Well, because they knew at some point that the emotional roller coaster would hit its peak and then it would correct.

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And they never wanted to deliver into the peak.

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like let's let's remind ourselves about that if you're if you're the lbma if you're in london if

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you're constantly manipulating the price of silver especially silver down as low as possible keep it

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in the teens for years so that we're like doing stupid shit with it like building solar panels

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okay then you um you're going to when the price moves against you and you're caught short and

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you're sitting on contracts that you wrote forward six months ago at $35 strike price,

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$30 strike price, do you really want to pay out at $120? If the metal shows up,

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then you have to deliver it. But if the metal doesn't show up and you can break the market

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on the last trading day of the month, which is what they did before the delivery period,

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then you can only have to deliver an $85 an ounce or $80 an ounce or $78 an ounce, whatever it is.

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And so remember the old adage that these terrible people never want to go for discovery in a lawsuit.

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You know, when they're sued, you know, you got a bank and the banks got caught doing something terrible

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or, you know, Prince Andrew got caught doing something terrible or whatever.

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It doesn't matter what it is.

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What always happens?

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The lawsuit gets filed.

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they start the wrangle between the lawyers and then the minute the thing looks like it's going

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to go to discovery because they're actually going to go to the lawsuit they set a lot of court all

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all of a sudden like elon musk did this game when he went to buy twitter they they screwed around

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they put them over on on price and and valuation for six months and he finally said you know what

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fine let's just go let's just go to court the minute they went the minute he finally said no

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we're going to court that was on tuesday by friday he was walking into twitter with the kitchen sink

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having bought the company for at their fictitious valuation.

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He's just stopped fighting it.

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It's the same thing here.

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They don't want to deliver silver at $120 an ounce, right?

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Because if they do, then they have to mark their losses to market.

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Then they have to mark that contract they wrote at $35 an ounce.

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They have to write an $85 loss per contract.

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Start doing the math at 1,000 ounces times 85 bucks.

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That's $850,000 a contract.

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You write 500 contracts like that.

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That's real money.

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That's not notional value of derivatives, blah, blah.

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Notional becomes net, boom, you owe me $85 million or $350 million.

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And you got to come up with that cash immediately.

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And you got to come up, or you got to come up with the silver.

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Right?

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You got to come up with, you know, 5 million ounces of silver, which you don't have.

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And you got to book the $85 million.

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And you got to book the loss on top of it.

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You got to deliver the silver and book the loss.

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crashed the price into the 70s or 80s.

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And the people who went long at 75 bucks

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are stopped out flat on higher margin requirements

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and everything else.

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They're stopped out and they just,

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they set a lot of loss.

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Those contracts write themselves off.

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And eventually, you can really,

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you can do a lot of,

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they can do a lot to limit the damage.

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So they only have to deliver a third of that metal

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into the market at half the amount of losses or whatever.

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And that's what they were doing.

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But J.P. Morgan was on the long side of the trade,

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restricting the supply of good for delivery bars,

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going, we have you.

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And that's to every silver stacker's advantage.

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See, for years, J.P. Morgan was the bad guy

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in the metals market.

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Most of my adult life,

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the entire time I've been trading silver

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or buying silver and putting it on the sidelines

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or whatever.

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and commenting on it.

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This goes back for me,

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it goes back to 2002, right?

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2002, 2001, 2002

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is when I first started stacking silver.

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They were always the bad guy.

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Sure, they were the market maker.

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They were the bullion bank.

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They were going to make money

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on both sides of the trade,

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yada, yada, yada.

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They were helping to run the triangle trade

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between the SLV, GLD,

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the COMEX and the LVMA,

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the paper game,

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all of that stuff.

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But they're not on,

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they're not the third leg

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of that chain anymore.

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That triangle trade is broken down.

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Otherwise, we'd still be a $24 ounce silver, $2,000 an ounce gold.

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No, the United States has decided they want gold and silver repriced as collateral,

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and they want pricing leverage over that collateral.

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And therefore, they're cutting London out of the market.

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They and the Chinese have finally said, that's enough.

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We're the 21st century industrial powers.

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You're the 19th century industrial powers.

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You don't get to tell us what the price of silver and gold is.

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You don't get to tell us what the price of our dollar is.

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you don't get to tell us what the price of our collateral is and what the and see because once

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you reprice gold and silver at five six six thousand seven thousand eight thousand dollar

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an ounce gold to 100 200 300 ounce silver an ounce silver all of a sudden the u.s's balance

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sheet doesn't look so bad when it's got 8133.5 tons of gold sitting on the fed's balance sheet

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whereas the bank of england has zero all it has is a whole bunch of treasuries which it's been

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trying to use as blackmail to get us to continue to be their dumb frigging, their dumb muscle,

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like Rambo without a jockstrap going around the world and stomping all the fucking brown people

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into the dirt. Those days are over, fucked heads. Sorry, Limeys. We're not playing that game

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anymore. We're the US. We're the exceptional nation. Us and China are saying that's enough.

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We want pricing leverage, control over all of the industrial metals, all of the physical

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collateral that undergirds the debt as well as the industrial inputs that drive our economies

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because you guys can't even build a ship anymore you used to be the world's biggest naval power

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you guys can't even feel the friggin tugboat like you gotta buy fishing boats off of the french what

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the fuck's wrong with you or whatever the hell i mean i'm making that i'm making that last part up

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but you know just like what would be the most what would be the most insulting thing for a british

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fishermen to have to do. Buy a fishing boat from the French. What if I told you you never had to

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00:11:43,880 --> 00:11:49,760
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your Bitcoin today. Salt Lending, secure, trusted, proven. Hey, I mean, that's all fair to say,

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but you said something while drinking while drinking a belgian white as opposed to a brown

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a a newcastle brown ale or whatever you know an english brown ale yeah exactly maybe drinking

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coffee instead of tea or something like that or going to the orthodontist i don't know man

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something something crazy eating meat that isn't a week old or you know like uh

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exactly but uh you said something interesting there about the uh beans for breakfast what

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the fuck's wrong with you okay i'm sorry go ahead you said something about the timing there which is

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interesting do you think this is all coordinated to be specifically around the end of this month

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and you know what role did did davos potentially play in this because davos was just a couple

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weeks ago as well um davos was doesn't mean the world economic forum davos not davos the

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the group right so the people versus the the thing um trump's performance at davos and his

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his whole crew was masterful because they basically walked in and said um yeah we do have the biggest

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dick on these are our balls and they're made out of solid gold and there they are on the table

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not only did they do that because that you know and then any the site of of manly anything that's

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what's that's what actually spooked christina lagarde that's why she had to run because you

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know her little adam's apple went a quiver and then she had to run um yeah i said that out loud

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um sorry i've been making that joke for years um so not that i actually think she's a tranny but

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god damn she acts like it sometimes so um you know unlike man yeah man man rollercrone's

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husband wife father whatever um so the the point being is that he went to davos

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told them all that globalism failed started you know educating them on the alexander system

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Alexander Hamilton's system of, as my friend Susan Gokindal likes to put it, a political economy and the third way between the false dyad of finance capitalism versus communism, which is the only thing we're allowed to actually talk about on the three by five index card of political discussion, as Tom Woods used to describe it.

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And he's right. That's where we are. And that's where we're moving to. And they don't like that at all.

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So if you're going to make that pronouncement, right, if you're going to state categorically that Europe has no financial tools with which to hurt the United States, and both Besant and Trump said this, well, then you take your bullion banks and you run a squeeze play on the baked beans that pass for nuts for Keir Starmer and you put them in a vice.

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and you keep squeezing that vice until they finally cry uncle or until someone's made enough money

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that we can let the pressure off let the markets reset a little bit we're trading this morning

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4 900 gold 88 silver um may throw a one bar daily reversal on the on the gold chart today and if we

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00:16:02,240 --> 00:16:08,240
did that wow i'm i'm honestly i think that last week was probably a nice big emotional high for

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with a quarter for the first half of the year.

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I mean, that would be my, that would be my odds on bet.

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You know, if I had to like place a probability on it,

220
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say we're probably 75% hit a nice big emotional high at $5,500 an ounce.

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Then we'll just kind of, you know,

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consolidate a lot of these gains in the first half of this year.

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And then we'll decide what we're going to do next.

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But I say that knowing full well that, you know,

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walking in with the big

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golden balls and the

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tray full of bags of flaming poop

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while he had Stephen Miller like, you know,

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yell a pole and he's blowing it up all over

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Davos for an hour and a half.

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During that

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speech, I'm like,

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things could accelerate from here

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because they're running out

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of time to stop

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Trump from remaking America.

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And everybody out there screaming that Trump is not doing

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enough needs to get their fucking

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head examined. And he's accelerating the pace on all of the domestic issues, while at the same time

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they're accelerating the pace on turning, on trying to, you know, run a civil war operation

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against the U.S. in places like Minneapolis and Washington, Seattle and L.A. and everywhere else.

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And he's sending Customs and Border Patrol to the DNI and the FBI everywhere to uncover the voting fraud, to put pressure on Thune to pass the SAVE Act.

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If the SAVE Act passes, the Democrats know they're done.

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Half the rhinos in Congress know that their careers are over.

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This is why they won't pass it.

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They've been told flat out don't pass this because then the Democrats can't steal 50 House seats in the fall.

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when they can't steal five Senate seats, right?

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So, you know, this is for all the marbles.

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So in that scenario,

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Six Sigma events become One Sigma events.

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And they may happen every other week.

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And, you know, as analysts,

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we never want to like go out there and say,

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oh my God, the world's going to,

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I've gotten to the point now

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where I can't like do that anymore.

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That whole, you know,

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this is the end of the world

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them you know to sell clicks and everything else i'm not playing that game i won't i won't play that

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game i won't sit there and say oh the end of the dollar is six months out or blah blah and all this

261
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fucking rotten or shit like it's possible that the whole thing blows up in the next six months

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is it probable do cooler heads prevail do we go to violence in the united states is that violence

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snuffed out immediately is it headed off at the pass i mean a lot of the violence in minnesota

264
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was headed off in the past. So the potential violence. So I don't know, you know, no one knows.

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And so I always just say, beware of any analysts like, or any commentator, like selling you on

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some huge thing that's going to happen. Not because I don't believe that those huge things

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can't happen, but because there's too many variables for any of us to properly assess as

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to which one is going to be dominant because everybody gets a vote as to how these moves are going to play out I mean you can script it out like you know I use that like what I normally do I use that board the stupid board game analogy

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Well, if you go there, then I go there.

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And if you go there, then I go there.

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And, you know, the question is, you know,

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somebody always half a step ahead of you.

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You know, I've played many a game

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where I've been half a step behind the leader

275
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and I can see it the entire time.

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And, you know, I don't know if Trump

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is half a step ahead or half a step behind.

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i'd like to believe these half step ahead right i mean i don't know about you but i don't want to

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live in a well i don't want to live in a fucking world where davos wins this thing right do you

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because i don't give a shit where you live in you're not going to be unaffected by it you know

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fucking off to south america or or you know equatorial africa or wherever it is you think

282
00:20:12,259 --> 00:20:16,600
you're safe from because you expatted and you got your money saved and you got your bitcoin on a

283
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treasurer. I got news for you, folks. This shit goes bad, and it's going to be how many guns do

284
00:20:22,180 --> 00:20:28,580
you own? Are you living in a jurisdiction where you can secure canned sardines and toilet paper?

285
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Because that's the scenario that's ahead of us. They're going to enforce the breakdown of society

286
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on us to the point where they do make the Georgia Guidestones real, and they do break us down to

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half a billion or a billion people. I got news for you. Global economy does not operate at a

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00:20:46,100 --> 00:20:53,659
billion people period just does not not at the current standard of living and so you know the

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only good thing that came out of all those freaking marvel movies is that thanos rides with davos

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and then they have the exact same plan except of course you know the marvel movies were so

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ideologically compromised that they thought you know they tried to make you feel like thanos you

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00:21:10,899 --> 00:21:15,700
know had deserved some sympathy with his worldview his worldview shit

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00:21:15,700 --> 00:21:24,980
well i mean i'm curious because i've heard i've heard you say in previous podcasts that you think

294
00:21:24,980 --> 00:21:33,280
that you know 2026 could be the potential of a civil war here in the u.s um what what uh has that

295
00:21:33,280 --> 00:21:40,320
opinion changed within the past uh 30 days or so and uh i guess let's dive into to why that that

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00:21:40,320 --> 00:21:48,200
might break out here. Last bull run, we had exchanges blow up. You saw FTX, Celsius, BlockFi,

297
00:21:48,360 --> 00:21:53,420
you name it. But the true power of Bitcoin is getting it off an exchange into cold storage.

298
00:21:53,420 --> 00:21:58,639
This bull run, I'm trusting Trezor, the company that's been around for over a decade,

299
00:21:58,899 --> 00:22:04,840
and they just had a brand new release of the best hardware wallet in the game,

300
00:22:04,840 --> 00:22:11,920
the Trezor Safe7. It's got the first audible secure element. No other hardware wallet has this.

301
00:22:12,420 --> 00:22:18,540
On top of it, I travel a lot, so I need an easy way to connect my Bitcoin hardware wallet to my

302
00:22:18,540 --> 00:22:25,040
laptop, phone, what have you. Therefore, it is the easiest way and has the best connectivity to

303
00:22:25,040 --> 00:22:30,940
access your Bitcoin. This is truly how you become your own bank. And the best way to do that is with

304
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Trezor Save 7. So you can go to the affiliate link down below and get yourself one right now

305
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and do it quickly because they are flying off the shelves, folks. So do it with the easiest and best

306
00:22:43,300 --> 00:22:48,920
way to get your Bitcoin off exchanges. So go to the affiliate link down below, get yourself a

307
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Trezor Save 7 and get your Bitcoin off exchanges in the easiest way possible. All right, enough from

308
00:22:54,840 --> 00:23:03,399
me. Let's get back to the show. Okay. I mean, look, they're clearly running out of moves on

309
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the board. We're at $5,000 an ounce gold. All the countries that have some stacking gold

310
00:23:09,440 --> 00:23:19,540
are watching their balance sheets improve, right? What if it said for a long time that eventually,

311
00:23:19,540 --> 00:23:24,700
you know, for years within the alternative currency space, when the gold and silver space,

312
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when the Bitcoin's faves.

313
00:23:25,800 --> 00:23:26,880
So the Fed's evil.

314
00:23:27,020 --> 00:23:28,860
The Fed is sitting on the price of gold

315
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in order to,

316
00:23:29,499 --> 00:23:31,120
because they want to make the dollar look good

317
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and blah, blah, blah, blah, blah, right?

318
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And three years ago,

319
00:23:34,620 --> 00:23:35,540
I kept saying to everybody,

320
00:23:35,800 --> 00:23:36,739
what's going to bake your noodle

321
00:23:36,739 --> 00:23:37,960
is the day that the Fed starts,

322
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you know,

323
00:23:38,780 --> 00:23:40,060
not sitting on the gold price

324
00:23:40,060 --> 00:23:41,759
because they need to have the collateral,

325
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the hard assets on their balance sheet

326
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rise in value

327
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in order to offset the size of their balance sheet.

328
00:23:48,180 --> 00:23:49,780
And everybody's, you know,

329
00:23:49,840 --> 00:23:51,040
you're crazy.

330
00:23:51,320 --> 00:23:52,840
You're a lunatic.

331
00:23:53,100 --> 00:23:53,940
You're a Fed apologist.

332
00:23:53,940 --> 00:23:57,739
you're a russian shill you're the zionist you're part of the seven thousand dollar club blah blah

333
00:23:57,739 --> 00:24:05,700
blah whatever i don't again i don't care i just be right right so because incentives are incentives

334
00:24:05,700 --> 00:24:09,600
at the end of the day banks have to shore both the liabilities and the assets on their balance

335
00:24:09,600 --> 00:24:13,680
sheets at the end of the day the fed is just an organization like anything else trying to survive

336
00:24:13,680 --> 00:24:18,380
right i'm not saying that the fed doesn't need to be reformed or anything like that i've never

337
00:24:18,380 --> 00:24:22,100
said any of that stuff just like looking at the game board from the fed's perspective

338
00:24:22,100 --> 00:24:29,820
so you know that was one aspect of it the other aspect of it is what happens when you get a

339
00:24:29,820 --> 00:24:33,800
sovereign just you know you got a bunch of sovereign just in charge of the of the u.s

340
00:24:33,800 --> 00:24:40,700
treasury and and the and the and the executive branch what happens then what does that look like

341
00:24:40,700 --> 00:24:47,739
well we're a year out for nine months out since the tariff tantrum where you know we're staring at

342
00:24:47,739 --> 00:25:01,499
Truflation under 1%, we're staring at $64 a barrel, $65 a barrel Brent crude, you know, gasoline futures under $1.90, right?

343
00:25:01,680 --> 00:25:03,920
I mean, where are we going?

344
00:25:04,360 --> 00:25:11,480
You know, and housing and a rotation in housing prices in overpriced markets is starting to come down.

345
00:25:11,620 --> 00:25:13,460
And those markets are starting to come down overall.

346
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So, I mean, at the end of the day, like everybody was wrong about what was going to happen next.

347
00:25:18,659 --> 00:25:20,420
So now let's take that off.

348
00:25:20,720 --> 00:25:22,220
Let's now let's talk about that.

349
00:25:22,620 --> 00:25:28,480
Why were the conditions before that, you know, that got Trump elected in November of 2024?

350
00:25:29,759 --> 00:25:43,200
It was clearly an operation to make the United States as expensive as possible in order to price Americans out of their own economy and their own livelihood by giving all their friggin tax money to fucking illegals.

351
00:25:43,460 --> 00:25:45,480
which is what they did.

352
00:25:45,960 --> 00:25:49,120
They gave, you know, $2 trillion a year in frigging taxes

353
00:25:49,120 --> 00:25:51,860
to a bunch of fucking IQ65 Somalis

354
00:25:51,860 --> 00:25:55,420
who then laundered the money and handed it off all the NGOs

355
00:25:55,420 --> 00:25:59,239
who then had the goddamn nerve to stand there and go,

356
00:25:59,239 --> 00:26:02,960
well, you know, you have to pay us a trillion dollars a year

357
00:26:02,960 --> 00:26:04,780
in frigging interest payments and all this debt.

358
00:26:05,780 --> 00:26:08,420
And everybody's like, the fiscal numbers are so bad.

359
00:26:08,520 --> 00:26:10,780
It can't get any better.

360
00:26:10,899 --> 00:26:11,499
Like, okay.

361
00:26:11,499 --> 00:26:16,180
then if you want it that way guys then why do you think there's not going to be violence on

362
00:26:16,180 --> 00:26:23,580
one side or the other here because i got news for you ain't no way that 250 million or 300

363
00:26:23,580 --> 00:26:28,980
million real americans with more guns than the rest of the world combined

364
00:26:28,980 --> 00:26:33,200
are not going to get violent when you decide you want to destroy our country

365
00:26:33,200 --> 00:26:40,280
got news for you we you know but that's what but that's what london wants they want us to go to

366
00:26:40,280 --> 00:26:43,720
war with the illegals and start shooting when everybody starts shooting each other so they've

367
00:26:43,720 --> 00:26:48,720
been running guns and illegals and in terror cells and everything else into the united states

368
00:26:48,720 --> 00:26:52,940
getting set up for all this stuff while they radicalize you know awful to run around and

369
00:26:52,940 --> 00:26:56,820
you know work out their psychosexual tension with fucking ice agents

370
00:26:56,820 --> 00:27:04,580
like i hate to i hate you know i hate to be rude or anything but oh no i shouldn't say this one

371
00:27:04,580 --> 00:27:09,639
i won't say that no that that's beyond the pale even for me i'll say it privately um

372
00:27:09,639 --> 00:27:16,420
so uh yeah i i found my limit my limit is that joke um

373
00:27:16,420 --> 00:27:26,259
what you know so what stavos's plan has always been to do this so they're gonna try it

374
00:27:26,259 --> 00:27:31,960
so they've got these kids running around setting up the new versions of the chas and

375
00:27:31,960 --> 00:27:38,680
in minneapolis they're they've got traders within law enforcement and within the minnesota

376
00:27:38,680 --> 00:27:45,700
government, you know, tracking the license plate numbers of, of ICE vehicles and running

377
00:27:45,700 --> 00:27:52,460
around doing, I mean, like this is all, this is all literal civil war insurrectionist behavior.

378
00:27:52,700 --> 00:27:55,300
They're doing it and they're not just doing it in Minnesota. They're doing it all over

379
00:27:55,300 --> 00:28:04,060
the fucking country. Like it's already here. The civil war is already happening. It's like

380
00:28:04,060 --> 00:28:05,999
World War III. World War III's been going on since

381
00:28:05,999 --> 00:28:06,659
2014.

382
00:28:09,620 --> 00:28:10,259
Since the

383
00:28:10,259 --> 00:28:11,540
day the Russians and

384
00:28:11,540 --> 00:28:14,320
since the day Crimea voted to leave

385
00:28:14,320 --> 00:28:16,239
or hell, World War

386
00:28:16,239 --> 00:28:18,340
III started at the Maidan with the overthrow

387
00:28:18,340 --> 00:28:19,040
of Yanukovych.

388
00:28:22,060 --> 00:28:23,580
It's just been one

389
00:28:23,580 --> 00:28:25,940
domino topple, one

390
00:28:25,940 --> 00:28:28,140
you know, one series of event after

391
00:28:28,140 --> 00:28:29,360
another, after another, after another.

392
00:28:30,200 --> 00:28:31,820
Like, I'll be honest with you, our

393
00:28:31,820 --> 00:28:36,400
Archduke Ferdinand moment for World War III was the overthrow in the Ukraine.

394
00:28:37,719 --> 00:28:41,800
Because that meant eventually we were going to get the uprising of the Donbass

395
00:28:41,800 --> 00:28:44,300
and Crimea was going to break away and then this was going to happen.

396
00:28:44,540 --> 00:28:49,420
The Russians were going to move into Syria in 2015 and then here we are today.

397
00:28:50,999 --> 00:28:53,259
Brexit, this, that, all of these things.

398
00:28:53,620 --> 00:28:55,499
It's all part of the same continuum.

399
00:28:55,499 --> 00:29:06,259
so you know the question now is has the trump administration fortified the

400
00:29:06,259 --> 00:29:14,360
fortified the air the aspects of the government that they have under their control to the point

401
00:29:14,360 --> 00:29:23,700
where it can effectively bleed off all of this nascent insurrection revolutionary energy that's

402
00:29:23,700 --> 00:29:28,840
been built up. Like the Russians have done a masterful job in their own very Russian way

403
00:29:28,840 --> 00:29:32,840
of just crushing the Ukrainian army that was built to destroy them.

404
00:29:34,159 --> 00:29:37,880
Right? The Ukrainian army was built to destroy Russia.

405
00:29:40,159 --> 00:29:43,999
The Russians have done what they always do. Russian military doctrine.

406
00:29:47,259 --> 00:29:53,100
Over and over and over again. Right? So, because they don't know how to do anything else,

407
00:29:53,100 --> 00:30:00,100
these people. They don't understand maneuver warfare they never have. But they have to

408
00:30:00,100 --> 00:30:07,380
destroy the Ukrainian military, and they've got to destroy an entire two generations of Ukrainians

409
00:30:07,380 --> 00:30:15,040
to never, ever, ever, ever, ever think again about subjugating ethnic Russians in what is today

410
00:30:15,040 --> 00:30:22,159
Eastern Ukraine, known as the Donbass, which is primarily Russian-speaking. And that's the way

411
00:30:22,159 --> 00:30:26,640
they're fighting this war today. And the same thing has to happen here in the U.S.

412
00:30:28,380 --> 00:30:29,759
We're going to have to

413
00:30:30,580 --> 00:30:40,100
crush an entire segment of the population in the United States to never think about

414
00:30:40,100 --> 00:30:48,400
doing what they've been doing ever again. And that's the sad reality of this,

415
00:30:48,400 --> 00:30:51,320
because these people are so radicalized.

416
00:30:51,499 --> 00:30:52,820
They're so insane.

417
00:30:55,999 --> 00:30:56,999
But that's okay.

418
00:30:58,360 --> 00:31:00,780
This is what World War III is going to look like.

419
00:31:01,040 --> 00:31:04,499
It's going to be a series of small encounters like this

420
00:31:04,499 --> 00:31:06,739
while a bunch of ugly people,

421
00:31:07,280 --> 00:31:09,920
ugly, evil pedophiles and, you know,

422
00:31:10,180 --> 00:31:15,219
baby bloods drinking elites and royals and everything else,

423
00:31:16,219 --> 00:31:17,960
you know, try and gin up another war.

424
00:31:17,960 --> 00:31:25,080
But it only works if you can bamboozle the other civilizations into thinking that the other civilizations want to knock you out.

425
00:31:27,400 --> 00:31:35,100
And that they're all on board with wiping the board clean and starting from scratch.

426
00:31:36,880 --> 00:31:40,080
Clearly, Xi, Trump, and Putin do not want to do that.

427
00:31:41,320 --> 00:31:41,840
Clearly.

428
00:31:44,420 --> 00:31:47,499
And so everything else is just downstream of that.

429
00:31:47,960 --> 00:31:54,460
so that's where I am and civil war man we're going to see bits and pieces of it hopefully

430
00:31:54,460 --> 00:32:01,140
it won't get really really bad but you know I don't know about you probably I don't know about

431
00:32:01,140 --> 00:32:06,420
you but I've been buying guns I've been you know dusting them all off and getting this rifle sighted

432
00:32:06,420 --> 00:32:10,920
in and buying ammo and you know because I got plenty of food now it's just a matter of you know

433
00:32:10,920 --> 00:32:17,340
now I need to you know some new guns well then who's who's pulling the strings behind the scenes

434
00:32:17,340 --> 00:32:19,340
Is it Davos? Is it the city of London?

435
00:32:19,759 --> 00:32:21,700
It's always London.

436
00:32:22,400 --> 00:32:24,200
It's always London.

437
00:32:24,659 --> 00:32:26,979
Now, London is another way of saying Davos.

438
00:32:27,239 --> 00:32:31,920
It's the old European banking interests, the old European elites,

439
00:32:32,140 --> 00:32:36,080
the ones who started the wars in the 1860s and 1810s,

440
00:32:36,100 --> 00:32:37,360
and the ones previous to that.

441
00:32:37,680 --> 00:32:39,700
It's the same fucking people.

442
00:32:40,580 --> 00:32:44,940
It's the same people who want to enslave humanity

443
00:32:44,940 --> 00:32:54,840
through debt and colonization produce nothing take everything that's who it is it's that group of

444
00:32:54,840 --> 00:33:02,239
people and they you know and and what they do is they take the upper class and they set it against

445
00:33:02,239 --> 00:33:06,979
the lower class when the truth is is that it's the middle class that stops all the wars because

446
00:33:06,979 --> 00:33:12,580
because the middle class is what produces wealth which is you know but you know we still we're all

447
00:33:12,580 --> 00:33:16,680
still taught that, you know, we're all too, we're all bougie because we want real cheese.

448
00:33:16,840 --> 00:33:23,700
Like, fuck off. Like, I don't know. I don't want industrial cheese and it's not bougie to ask for

449
00:33:23,700 --> 00:33:28,180
a guy. It's not, I'm not a member of the pampered bourgeoisie because I want cheese that doesn't

450
00:33:28,180 --> 00:33:32,960
suck. Like, you know what I mean? Like that's the, but that's the way they've made people think

451
00:33:32,960 --> 00:33:38,400
like, Oh, like, if you want your avocado toast, it's great. Just don't, you know, just don't

452
00:33:38,400 --> 00:33:43,880
think that you get a say in the in how we produce the avocado toast the avocado toast will happen

453
00:33:43,880 --> 00:33:53,380
but it ain't gonna happen if you you know it ain't gonna happen by by um um over empowering

454
00:33:53,380 --> 00:34:01,219
the the quote-unquote natives and the lion and and deifying the noble savage it doesn't work that

455
00:34:01,219 --> 00:34:07,620
way like we we built the avoc white people built the avocado toast folks i got news for you

456
00:34:07,620 --> 00:34:13,060
so stop hating yourself you know while you eat your avocado toast and bitch about

457
00:34:13,060 --> 00:34:21,200
white people on your fucking iphone all right whatever so i could do this one all day too

458
00:34:21,200 --> 00:34:28,660
i i i know you could but um i want to dive into to the trump's essentially like war on globalism

459
00:34:28,660 --> 00:34:33,459
a little bit more as well because you know it seems like he kind of went to davos and told him

460
00:34:33,459 --> 00:34:39,700
like it's over do you think he has a chance like a legitimate shot to to kind of i guess break free

461
00:34:39,700 --> 00:34:45,240
he does absolutely does the united states is the most by far still the most powerful country in

462
00:34:45,240 --> 00:34:49,840
the world this is the propaganda that everybody needs to get through their fucking heads i had

463
00:34:49,840 --> 00:34:56,979
to get it through my head took me five years took me five years of this of of getting over my own

464
00:34:56,979 --> 00:35:03,160
my my dissatisfaction and hatred of the fact that my country that i was brought up to believe was

465
00:35:03,160 --> 00:35:07,120
exceptional was just another two-bit fucking empire like every like every other goddamn

466
00:35:07,120 --> 00:35:14,400
shitbag goddamn country that's that that's come before us and i'm like no we're not we were

467
00:35:14,400 --> 00:35:21,120
subsumed into that post-world war ii we were that but we don't have to be that

468
00:35:21,120 --> 00:35:28,580
and we're not do you see the russians getting in our face over iran

469
00:35:28,580 --> 00:35:38,800
or Israel or Palestine or Venezuela or Cuba or any of this stuff?

470
00:35:38,880 --> 00:35:39,860
Do you see that from the Russians?

471
00:35:41,320 --> 00:35:42,380
Do you see that from the Chinese?

472
00:35:45,380 --> 00:35:45,939
Nope.

473
00:35:47,120 --> 00:35:48,019
Not at all.

474
00:35:48,019 --> 00:35:52,200
Do you see Trump really getting in the way of Putin over Ukraine?

475
00:35:52,200 --> 00:35:55,300
he wants the killing to end

476
00:35:55,300 --> 00:35:56,479
because what he wants

477
00:35:56,479 --> 00:35:59,519
is a functional relationship

478
00:35:59,519 --> 00:36:01,880
with the Russians going forward.

479
00:36:03,340 --> 00:36:04,840
How is he going to get that

480
00:36:04,840 --> 00:36:06,979
if Europe won't stop

481
00:36:06,979 --> 00:36:09,999
backing Ukraine in a war against the Russians?

482
00:36:13,979 --> 00:36:15,800
You can't do any of this.

483
00:36:16,060 --> 00:36:17,919
The United States and China are not enemies.

484
00:36:17,919 --> 00:36:27,879
they're rivals both sides are doing shit to antagonize the other the chinese are clearly

485
00:36:27,879 --> 00:36:34,040
running operations all across the west excuse me the west coast into hongcouver down in california

486
00:36:34,040 --> 00:36:40,919
like all of that stuff there's clearly chinese influence in ottawa in the democratic party of

487
00:36:40,919 --> 00:36:49,300
course. I mean, you know, if the U.S. is going to commit ritualistic suicide, well, let's plunder

488
00:36:49,300 --> 00:36:54,340
the United States and make sure that they can't, you know, I get why the Chinese would do that.

489
00:36:54,479 --> 00:36:58,560
But when the United States stands up and goes, oh, by the way, we're going to control all the

490
00:36:58,560 --> 00:37:02,899
flow of heavy sour oil around the world and you're going to pay full price for China?

491
00:37:04,499 --> 00:37:09,680
That's what Venezuela was about, among many, many, many other things.

492
00:37:09,680 --> 00:37:15,999
but if you want to believe about the oil angle on venezuela at all understand that it's all about

493
00:37:15,999 --> 00:37:22,939
the fact that it's heavy sour which is the only thing the only which is the type and kind of oil

494
00:37:22,939 --> 00:37:30,939
you need to run a blue water navy which to get which the chinese are building fast now are they

495
00:37:30,939 --> 00:37:34,879
building it because they want to go to war with the united states which is what my partner dexter

496
00:37:34,879 --> 00:37:36,720
white fears? Or is it just that

497
00:37:36,720 --> 00:37:38,939
they're central planners

498
00:37:38,939 --> 00:37:40,959
and they don't know what else to do with all the friggin' iron ore?

499
00:37:41,499 --> 00:37:42,499
Hey, let's build ships.

500
00:37:42,820 --> 00:37:44,060
That keeps people busy.

501
00:37:46,280 --> 00:37:47,040
You know, it's like

502
00:37:47,040 --> 00:37:48,560
because that's

503
00:37:48,560 --> 00:37:51,040
how deep their economic modeling is.

504
00:37:52,560 --> 00:37:52,760
Right?

505
00:37:52,999 --> 00:37:54,720
That's Xi's whole

506
00:37:54,720 --> 00:37:56,680
this is Xi's failing as a leader.

507
00:37:57,019 --> 00:37:57,780
He's got no

508
00:37:57,780 --> 00:38:00,379
national vision.

509
00:38:01,140 --> 00:38:02,439
He's just keeping people from

510
00:38:02,439 --> 00:38:03,999
revolting against him.

511
00:38:03,999 --> 00:38:04,540
Right?

512
00:38:04,879 --> 00:38:08,840
So control that aspect of it.

513
00:38:08,899 --> 00:38:11,280
Now you immediately, you finish Venezuela,

514
00:38:11,280 --> 00:38:14,459
you exfiltrate Maduro because he's got all the receipts

515
00:38:14,459 --> 00:38:18,120
on the 2020 election fraud, among other things,

516
00:38:18,120 --> 00:38:21,640
like all the Bush clan perfidy in Florida

517
00:38:21,640 --> 00:38:24,260
and the drug trade and Central and South America

518
00:38:24,260 --> 00:38:24,979
and everything else.

519
00:38:25,360 --> 00:38:28,140
If you don't, you know, there's a Bush angle to that story

520
00:38:28,140 --> 00:38:30,060
that no one wants to talk about.

521
00:38:30,959 --> 00:38:32,680
And then immediately he turns around

522
00:38:32,680 --> 00:38:33,660
and he starts pressuring Iran.

523
00:38:34,879 --> 00:38:40,899
protests in Iran, this starts happening, that starts happening. Some of that was the British

524
00:38:40,899 --> 00:38:45,560
trying to overthrow the mullahs so that they can stick Reza Pahlavi in there. And the other part of

525
00:38:45,560 --> 00:39:01,519
it is Trump wanting to get rid of the rest of the axis of resistance Iran is not a monolith Iran like five or six factions all running around trying to stay relevant and in power And the IRGC is the British head of the axis of resistance snake

526
00:39:01,519 --> 00:39:06,839
that needs to be destroyed. Because remember, the British are on both sides of the Iran-Israel

527
00:39:06,839 --> 00:39:14,459
conflict, right? And Turkey, Muslim Brotherhood, that's a British construct as well. Like,

528
00:39:14,459 --> 00:39:21,659
Everybody's understanding of geopolitics is like, including mine for years, didn't understand a lot of these basic dynamics.

529
00:39:22,299 --> 00:39:30,279
The Muslim Brotherhood is just yet another, you know, dumb British project to sow chaos in the Middle East.

530
00:39:31,559 --> 00:39:33,659
So we have Sunnis who hate Shias.

531
00:39:33,819 --> 00:39:37,459
We've got Sunnis and Shias who hate Jews and yada, yada, yada.

532
00:39:37,459 --> 00:39:40,319
and then shake the answer,

533
00:39:40,559 --> 00:39:42,039
give some arm a faction,

534
00:39:42,199 --> 00:39:43,519
have them go slaughter a village,

535
00:39:43,779 --> 00:39:44,879
get everybody pissed off,

536
00:39:45,599 --> 00:39:46,859
play the game, right?

537
00:39:47,919 --> 00:39:51,179
Not the last 60 freaking years in a nutshell, basically.

538
00:39:52,199 --> 00:39:53,559
Trump's trying to do away with all that.

539
00:39:54,419 --> 00:39:55,299
So does he have a chance?

540
00:39:55,359 --> 00:39:56,079
Of course he has a chance.

541
00:39:56,199 --> 00:39:56,459
Why?

542
00:39:56,779 --> 00:40:00,319
Because the minute he moves the American military in,

543
00:40:00,539 --> 00:40:02,099
everybody's like, all right, fine.

544
00:40:02,819 --> 00:40:04,379
Shit, he's serious.

545
00:40:04,379 --> 00:40:12,199
this bull run i'm looking for ways to stack bitcoin in my sleep and mining has always caught

546
00:40:12,199 --> 00:40:18,959
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547
00:40:18,959 --> 00:40:24,159
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548
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549
00:40:31,399 --> 00:40:36,939
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550
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551
00:40:40,839 --> 00:40:45,639
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552
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553
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554
00:40:57,359 --> 00:40:59,859
All right, enough from me. Let's get back to the show.

555
00:41:01,399 --> 00:41:06,139
You know, when it was Obama doing this shit, everybody knew that it was the same.

556
00:41:06,279 --> 00:41:11,379
It was Obama was acting on behalf of the other people who were there.

557
00:41:11,839 --> 00:41:15,159
The people who were ginning up the conflict in the first place.

558
00:41:16,579 --> 00:41:17,739
With Trump, they don't know.

559
00:41:18,099 --> 00:41:19,639
And now they're finally getting it through their heads.

560
00:41:19,759 --> 00:41:23,319
And in many ways, he's almost giving the mullahs a way out in Iran.

561
00:41:25,459 --> 00:41:26,959
Let's clean up the IRGC.

562
00:41:27,059 --> 00:41:30,839
Let's clean up the other aspects of the assets of resistance.

563
00:41:30,839 --> 00:41:35,199
obviously, Yemen, Hezbollah, and the rest of it. A lot of that money was being laundered through

564
00:41:35,199 --> 00:41:39,599
both Venezuela and Cuba. Cuba's about to fall because he shut off the oil flow into Cuba.

565
00:41:39,859 --> 00:41:44,499
They got most of their oil from Venezuela. The Cuban government's now opened up negotiations

566
00:41:44,499 --> 00:41:52,259
with the Trump administration. Like, we're fixing all these old conflicts without doing explicit

567
00:41:52,259 --> 00:41:58,139
regime change by saying, we're going to pluck our dude out, your dude out, and we're going to put

568
00:41:58,139 --> 00:42:06,519
our guy in right now he's saying look it's up for the people ultimately to decide for now

569
00:42:06,519 --> 00:42:14,019
and then as well Adelce Rodriguez gets to try and calm things down because you know part of the

570
00:42:14,019 --> 00:42:20,359
quote-unquote legitimate government same thing's gonna happen in Iran had a long talk with Joaquin

571
00:42:20,359 --> 00:42:26,299
Flores about about Iran and the theocracy which is just a you know thin veneer over their their

572
00:42:26,299 --> 00:42:31,059
crappy technocracy. And I think everybody should listen to Joaquin's arguments about that.

573
00:42:31,059 --> 00:42:36,159
It was on one of the recent episodes of my podcast, because he taught me stuff

574
00:42:36,159 --> 00:42:41,379
about what's going on in Iran. The people in Iran want all this to end. They want to become part of

575
00:42:41,379 --> 00:42:49,639
the normal economy. And if you can get Iran back into the normal economy, and you can get them to

576
00:42:49,639 --> 00:42:58,639
truly do away with their nuclear weapons program, which is, by the way, a IRGC program, not a Mullah

577
00:42:58,639 --> 00:43:09,039
program. When you think of it in those terms, all of a sudden the sanctions can come off,

578
00:43:09,459 --> 00:43:15,079
and now China has to buy Iranian oil at market price, not at the current sweetheart price of

579
00:43:15,079 --> 00:43:17,339
somewhere around $30 or $25 a barrel

580
00:43:17,339 --> 00:43:21,199
so that they can build a massive strategic petroleum reserve

581
00:43:21,199 --> 00:43:29,279
of savvy sour oil to run their Blue Water Navy

582
00:43:29,279 --> 00:43:32,579
in case they have to go to war with the United States.

583
00:43:32,579 --> 00:43:35,179
They get the idea of going to war with the United States later on.

584
00:43:35,219 --> 00:43:35,879
Because here's the thing.

585
00:43:36,079 --> 00:43:38,539
I don't think for a second Xi wants to go to war with the United States,

586
00:43:38,659 --> 00:43:41,339
but there are still factions within the CCP

587
00:43:41,339 --> 00:43:43,819
that are still allied with the British.

588
00:43:45,079 --> 00:43:46,239
who would.

589
00:43:48,319 --> 00:43:50,419
So this is the thread that Trump is trying,

590
00:43:50,879 --> 00:43:52,399
this is the needle that Trump is trying to thread

591
00:43:52,399 --> 00:43:56,519
at the same time trying to work out the U.S. Civil War.

592
00:43:56,759 --> 00:43:59,799
But remember, the United States still has a tremendous economy.

593
00:44:00,039 --> 00:44:01,599
We still have the global reserve currency.

594
00:44:01,659 --> 00:44:02,739
I don't give a shit what anybody says.

595
00:44:03,019 --> 00:44:04,639
You can sit here and you can play this game.

596
00:44:04,859 --> 00:44:06,439
Oh, well, it's dropped to 50,

597
00:44:06,599 --> 00:44:08,319
or the gold is more valuable now

598
00:44:08,319 --> 00:44:10,179
than the gold on people's balance sheets

599
00:44:10,179 --> 00:44:11,079
are more valuable than the dollar.

600
00:44:11,139 --> 00:44:12,219
Yeah, but the gold doesn't flow.

601
00:44:12,319 --> 00:44:13,039
The dollars flow.

602
00:44:13,639 --> 00:44:14,479
Like, at the end of the day,

603
00:44:14,479 --> 00:44:16,919
stock doesn't matter, flow is all that matters?

604
00:44:17,099 --> 00:44:19,019
Or do we not remember any of that?

605
00:44:19,099 --> 00:44:20,779
It's the same arguments I make about Bitcoin.

606
00:44:21,179 --> 00:44:22,639
At the end of the day, Bitcoin is hoarded

607
00:44:22,639 --> 00:44:23,819
and therefore it doesn't flow

608
00:44:23,819 --> 00:44:26,479
and therefore it's not a currency,

609
00:44:26,699 --> 00:44:29,299
it's a reserve asset, right?

610
00:44:32,359 --> 00:44:34,219
Oh, and everybody who says that,

611
00:44:34,219 --> 00:44:36,839
there's no market for US treasury bonds.

612
00:44:36,999 --> 00:44:37,279
Really?

613
00:44:38,639 --> 00:44:40,639
Then why does the TIC report

614
00:44:40,639 --> 00:44:41,979
keep reporting every month that

615
00:44:41,979 --> 00:44:46,279
you know, there's more treasuries on central bank balance sheets than there were last month.

616
00:44:48,159 --> 00:44:54,199
Just, you know, facts contradict your, you know, your feelings. Fuck your feelings. These are the

617
00:44:54,199 --> 00:45:01,659
facts. Now, yeah, a lot of that buying was from who? Europeans. Why? Because they're trying to

618
00:45:01,659 --> 00:45:07,799
defend their shitty euro. Because the euro is literally just another adjunct aspect of the euro

619
00:45:07,799 --> 00:45:15,399
of the dollar hegemony at the end of the day it's not it's not an expression of the yuan

620
00:45:16,359 --> 00:45:22,359
or the ruble or the yen it's all the euro dollar system

621
00:45:24,039 --> 00:45:27,159
the only thing that's in there that all their reserves are based on dollars

622
00:45:28,279 --> 00:45:37,079
like off with the rest of it so like you know like it or not and i know a lot of people don't

623
00:45:37,079 --> 00:45:40,679
want to hear this because they're so angry that the united states for having

624
00:45:40,679 --> 00:45:46,439
everything up through the 80s 90s and aughts and even into the 2010s you got to let all that go

625
00:45:46,439 --> 00:45:51,879
it's a new sheriff in town this is the world that we're going to build and we can build it together

626
00:45:51,879 --> 00:45:55,879
because we have more in common than we have again than we then we have i'm saying i'm saying this

627
00:45:55,879 --> 00:46:01,479
to bitcoiners and gold bugs and everybody else we have more in common than you think as a guy who

628
00:46:01,479 --> 00:46:06,679
stands on both sides now goes yeah i'm still a gold bug i'm still a bitcoiner and i'm still

629
00:46:06,679 --> 00:46:14,379
Trumpian because Trump is right. We can fix all this and we can use the right power, the rights

630
00:46:14,379 --> 00:46:19,699
and the powers and the infrastructure of the United States. We still have the best corporate

631
00:46:19,699 --> 00:46:23,839
law in the world, folks. Everybody still comes in the United States. We're still everybody else's

632
00:46:23,839 --> 00:46:33,039
offshore tax haven. I wonder why that is. Maybe it's because everybody else's government sucks.

633
00:46:33,039 --> 00:46:40,579
and all we have to do is get rid of the fucking traitors and get back to the constitution

634
00:46:40,579 --> 00:46:47,139
and we're watching we're literally watching a president exercise his article two powers

635
00:46:47,139 --> 00:46:51,379
to the limit of those article two powers and everybody's like oh my god he's orange

636
00:46:51,379 --> 00:46:59,719
Mussolini. No, he's fucking Washington or Lincoln.

637
00:47:03,119 --> 00:47:07,719
This is the power that he was given. And he's running, he's running the exact same operation

638
00:47:07,719 --> 00:47:14,079
that Lincoln had to run because the civil war was another fucking goddamn British color revolution.

639
00:47:14,699 --> 00:47:19,319
Start reading the world that way. Start reading history that way. And it's so much more predictive

640
00:47:19,319 --> 00:47:23,299
and so much more explanatory of what we've seen than anything else.

641
00:47:23,319 --> 00:47:25,899
I'm not saying it's wholly explanatory, but start there,

642
00:47:25,959 --> 00:47:29,459
and then the rest of history makes so much more sense.

643
00:47:30,359 --> 00:47:32,739
As we watch the end of the British Empire,

644
00:47:33,039 --> 00:47:35,459
they took their shot at the Civil War.

645
00:47:35,759 --> 00:47:38,139
They took their shot in World War I.

646
00:47:38,499 --> 00:47:39,939
After the Civil War, they had to take their shot,

647
00:47:39,939 --> 00:47:42,939
and they had to get the United States on board to help them fight World War I.

648
00:47:42,939 --> 00:47:53,419
and so they they inserted their people into our government and so that by the time we got the

649
00:47:53,419 --> 00:47:58,219
1913 we got the federal reserve the income tax direct election of senators you know and everything

650
00:47:58,219 --> 00:48:03,639
else right they and they actually won the civil war in 1913 that they lost in 1865

651
00:48:03,639 --> 00:48:11,299
and then they got us to fight world war ii and then if you listen to my friend susan kokinda

652
00:48:11,299 --> 00:48:16,279
though, she'll tell you, no, they killed FDR because he was going to, you know, not going

653
00:48:16,279 --> 00:48:20,459
to go along with Bretton Woods and not allow Churchill to extend the British Empire one

654
00:48:20,459 --> 00:48:21,279
more fucking time.

655
00:48:22,639 --> 00:48:24,979
They put that fucking hayseed Truman in place.

656
00:48:28,399 --> 00:48:31,759
Now I have to wonder about whether, did Dewey actually win the election or not?

657
00:48:32,219 --> 00:48:37,039
Remember Dewey beats Truman, the big, you know, the big false headline.

658
00:48:37,239 --> 00:48:39,339
We found out the next morning that Truman won.

659
00:48:39,339 --> 00:48:42,139
Was that the first time they stole an American election?

660
00:49:09,339 --> 00:49:15,079
circular economy down in Tampa Bay, Florida. They're doing absolutely great things. And it's

661
00:49:15,079 --> 00:49:20,419
the Bitcoin community that I've called home for such a long time. And these guys are absolutely

662
00:49:20,419 --> 00:49:25,199
crushing it. So please do anything you can to support. Buy your tickets today. You can use

663
00:49:25,199 --> 00:49:30,859
promo code GREENCANDLE to get 10% off your Sound Money Soiree tickets. So do you know anything

664
00:49:30,859 --> 00:49:36,199
about Bitcoin? No. You guys can come down and see this ugly mug. Come boogie on the dance floor,

665
00:49:36,199 --> 00:49:40,199
shake it and now that bitcoin's over 100k you could do it all with your girlfriends

666
00:49:40,199 --> 00:49:43,039
all right on that for me let's get back to the show

667
00:49:43,039 --> 00:49:53,559
it's a great question i put it out there for everybody to consider my dog agrees with me

668
00:49:53,559 --> 00:50:00,959
clearly yeah well i i mean you've been talking about trump and and uh for a while but you've

669
00:50:00,959 --> 00:50:04,899
also been talking about drone pal so i kind of want to dive into him because obviously his

670
00:50:04,899 --> 00:50:12,299
his reign is uh is coming to a close here in may and then uh trump has kevin warsh kind of coming

671
00:50:12,299 --> 00:50:18,059
in and that's seemingly dumped the metals market dumped bitcoin everything kind of crashed after

672
00:50:18,059 --> 00:50:24,979
that announcement as well um and and trump has kind of publicly gone out powell for a while um

673
00:50:24,979 --> 00:50:29,599
do you think that that was just not kind of he's gone after him hard yeah is that political theater

674
00:50:29,599 --> 00:50:32,039
or what do you think that that is?

675
00:50:32,239 --> 00:50:34,219
I think some of it is theater.

676
00:50:34,359 --> 00:50:35,399
I think some of it is real.

677
00:50:35,619 --> 00:50:38,539
I've been saying for a year since this started,

678
00:50:38,659 --> 00:50:39,879
since he first started going after Powell,

679
00:50:40,019 --> 00:50:41,759
I'm like, everybody's looking at me going,

680
00:50:41,919 --> 00:50:44,119
dude, Trump is not on board with your thesis.

681
00:50:44,259 --> 00:50:44,839
I'm like, no.

682
00:50:46,139 --> 00:50:48,999
I'm not saying that he likes Powell because he doesn't.

683
00:50:51,819 --> 00:50:54,719
Powell's job is to be the scapegoat for Trump

684
00:50:54,719 --> 00:50:57,259
to make the argument that the Fed needs to be reformed.

685
00:50:57,999 --> 00:50:59,559
Someone has to be the bad guy.

686
00:50:59,599 --> 00:51:03,839
like Trump is very good at narrative. He's very good at narrative structure.

687
00:51:04,199 --> 00:51:09,759
He gets to be the hero at all other times. He gets to be the victim because in every,

688
00:51:09,759 --> 00:51:13,619
in the, in, this is one of the problems. Let's, let's, let's, let's back up for a second.

689
00:51:14,259 --> 00:51:23,179
In the entire, um, panoply of Donald Trump as presidential candidate,

690
00:51:23,379 --> 00:51:27,419
what has he been the entire time? Narrative sense. He's the villain.

691
00:51:27,419 --> 00:51:34,259
he's the villain he's orange hitler he's this he's a russian agent he's this he's always the

692
00:51:34,259 --> 00:51:40,639
villain every day is opposite day in trump's new america meaning that every day every time trump

693
00:51:40,639 --> 00:51:45,419
does anything the democrats and his op and the british will always then turn around to just like

694
00:51:45,419 --> 00:51:52,199
the opposite position right they're very easy to work out cnn if if trump is if trump is against

695
00:51:52,199 --> 00:51:59,739
tariffs, they're for tariffs. Like that's how we, we now have shit libs in Minnesota on Facebook

696
00:51:59,739 --> 00:52:06,179
in favor of the second amendment, because that's that idiot Alex Freddie was carrying a gun

697
00:52:06,179 --> 00:52:11,619
and he had the right to carry a gun. Cause it's the second amendment. Like, Oh, well,

698
00:52:11,619 --> 00:52:17,539
for my next trick, I'm going to get them to, to, to, to, um, renounce single payer healthcare.

699
00:52:17,539 --> 00:52:26,079
You know what I mean? Like all he has to do is get. So when you start there and then you realize that all drama is based on hero, victim and villain, that there are three.

700
00:52:26,559 --> 00:52:29,759
There are three things. There are three roles, hero, victim and villain.

701
00:52:29,759 --> 00:52:35,439
And if Trump's always the villain in their narrative, then who's the hero?

702
00:52:35,539 --> 00:52:36,119
Who's the victim?

703
00:52:36,279 --> 00:52:36,419
Right.

704
00:52:36,479 --> 00:52:48,299
We're the victims and, you know, and the proletariat or whomever, the brown people or illegals or whomever are the are the are the heroes.

705
00:52:48,399 --> 00:52:48,559
Right.

706
00:52:49,179 --> 00:52:52,059
Well, in Trump, what Trump does is he.

707
00:52:52,619 --> 00:52:55,339
Oh, because he's always the villain in the big sense.

708
00:52:55,339 --> 00:52:59,479
He then turns to his base and goes, I'm either the hero or the victim.

709
00:52:59,759 --> 00:53:03,699
and then he makes somebody else into the villain, right?

710
00:53:04,619 --> 00:53:06,639
That's his whole modus operandi.

711
00:53:08,599 --> 00:53:10,679
So Federal Reserve is easy.

712
00:53:11,119 --> 00:53:13,679
I'm the hero, Jerome Powell's the villain,

713
00:53:13,839 --> 00:53:17,679
and you're the victim, right?

714
00:53:19,639 --> 00:53:23,219
Somalia, I'm the hero, they're the villain,

715
00:53:24,079 --> 00:53:26,879
you know, you're the victim, they're the villain.

716
00:53:26,879 --> 00:53:34,799
you know the fraudsters tim waltz doesn't matter you know and then if they attack trump he gets

717
00:53:34,799 --> 00:53:40,719
directly then he gets to play the victim card you get to be the hero to defend him against

718
00:53:40,719 --> 00:53:48,199
the external attack so now let's do the thing with jerome powell if you want to reform the fed

719
00:53:48,199 --> 00:53:53,439
how do you get there you get there by saying the fed is corrupt

720
00:53:53,439 --> 00:54:04,099
you've been thieved and i'm going to fix it i'm going to fix it because i need lower interest

721
00:54:04,099 --> 00:54:08,299
rates i'm going to fix it because we need lower house we need to stabilize the housing market we

722
00:54:08,299 --> 00:54:12,279
need to figure out ways to get young families into homes so that they can have babies and

723
00:54:12,279 --> 00:54:16,719
you know raise families and everything else he ties all of these narratives into the federal

724
00:54:16,719 --> 00:54:22,659
reserve which are all right along with waste fraud and abuse in minnesota and you know and

725
00:54:22,659 --> 00:54:27,119
he picked on the one aspect of the Federal Reserve that was the easiest thing for him to pick on,

726
00:54:27,699 --> 00:54:35,599
a $2.5 billion remodel, which just looks like typical government waste, fraud, and abuse.

727
00:54:36,879 --> 00:54:44,819
Even the Federal Reserve is not immune to that, right? I mean, if I'm sitting in the Trump

728
00:54:44,819 --> 00:54:51,359
strategy room and he says that, I go, oh, I know. I can see what you're doing. That makes perfect

729
00:54:51,359 --> 00:54:55,919
sense yes mr president that's a very good idea and you can tie it to what we found out in minnesota

730
00:54:55,919 --> 00:54:59,019
and you can tie it to this and you can tie it to this and you can tie it to that oh that's all i

731
00:54:59,019 --> 00:55:02,759
ever do i just might just sit down i'm like okay so if i was in the room with donald trump and he's

732
00:55:02,759 --> 00:55:07,139
like doing some random fucking shit i'm like why is he doing that because he never does anything

733
00:55:07,139 --> 00:55:16,219
randomly you know so he started picking on powell in order to start the process of saying

734
00:55:16,219 --> 00:55:17,439
telling the American people,

735
00:55:17,939 --> 00:55:20,719
Brandon, we're weird.

736
00:55:21,499 --> 00:55:23,059
We know what the Fed is.

737
00:55:23,999 --> 00:55:26,279
We're even weirder than that we know what the Fed does.

738
00:55:26,419 --> 00:55:28,319
And then you're, I'm maximum weird

739
00:55:28,319 --> 00:55:30,379
because I know how the Fed operates.

740
00:55:33,279 --> 00:55:36,439
The average person doesn't even know what the fucking Fed is.

741
00:55:37,779 --> 00:55:41,019
If you ask 90, if you ask 50 fucking Americans,

742
00:55:41,199 --> 00:55:43,339
25 of them will say our dollar's backed by gold.

743
00:55:46,219 --> 00:55:50,459
okay

744
00:55:50,459 --> 00:56:00,459
like they don't know it's not like libertarians and ron paul had a huge effect on the world

745
00:56:00,459 --> 00:56:07,879
but they've had enough of an effect to make it into a strong enough argument about the desire

746
00:56:07,879 --> 00:56:15,219
to go back to some kind of currency that's tied to a hard asset whether it's administered by the

747
00:56:15,219 --> 00:56:20,639
Fed or it's not is irrelevant. But if you want to reform the Fed, you got to start the process

748
00:56:20,639 --> 00:56:24,759
of letting everybody know that the Fed's been stealing from you, that central banking is evil.

749
00:56:25,299 --> 00:56:31,539
And if Trump really is talking about re-invoking the Hamiltonian platform of national banking,

750
00:56:32,039 --> 00:56:35,339
productive economy, blah, blah, blah, blah, tariffs and all of that stuff,

751
00:56:35,339 --> 00:56:42,599
then he has to go after the Fed. Even though the Fed has been instrumental in my argument,

752
00:56:42,599 --> 00:56:46,579
instrumental in laying the groundwork to bring Donald Trump back to power.

753
00:56:47,639 --> 00:56:52,239
Because without Powell going to 5.5% and draining the fuck out of the euro dollar system

754
00:56:52,239 --> 00:56:57,059
and putting the German economy on its knees and the British and the French and everybody else

755
00:56:57,059 --> 00:57:06,999
and forcing them at a very difficult time to defend their currencies and to drain the

756
00:57:06,999 --> 00:57:12,119
leverage out of that system and to get SOFR implemented so that we're no longer pricing

757
00:57:12,119 --> 00:57:17,819
dollars based on the Eurodollar system, but based on our domestic currency markets or domestic repo

758
00:57:17,819 --> 00:57:27,119
markets. Donald Trump doesn't come back to power. If Jerome Powell's not at the Fed and you know

759
00:57:27,119 --> 00:57:32,039
that, and I listen to Trump like talk about Powell, like you cut interest rates right before

760
00:57:32,039 --> 00:57:39,379
the election to try and help. This is the dumbest shit imaginable. Monetary policies take six to

761
00:57:39,379 --> 00:57:45,099
nine months to start filtering through the economy. If Powell wanted Kamala Harris to

762
00:57:45,099 --> 00:57:52,839
be president, he would have started cutting rates in March or January. The fact that he held off

763
00:57:52,839 --> 00:57:58,659
until September, he nearly torched the fucking American credit system in order to make sure that

764
00:57:58,659 --> 00:58:04,599
Kamala Harris wasn't elected president because we were seeing we were starting to see bank runs and

765
00:58:04,599 --> 00:58:11,739
stressing the repo markets and every other goddamn thing doesn't so again whether I know Trump

766
00:58:11,739 --> 00:58:28,979
understands all this and he doesn care he lies for strategic advantage I not capable of it I only know how to like you know birth whatever came out of the out of the bowels of my my Gen X vitriol you know generator which is like right here every

767
00:58:28,979 --> 00:58:36,099
day. That's all I know how to do. But Trump is like, you're not fucking a lie. He'll look right

768
00:58:36,099 --> 00:58:39,739
at you and lie. I didn't give a shit because he's, because he's going to lie to find out where your

769
00:58:39,739 --> 00:58:45,199
pain point is. You know, lie to find out how we can get the best out of you in a negotiation.

770
00:58:46,179 --> 00:58:53,879
everything he does is strategic i made the mistake of thinking that of not thinking that

771
00:58:53,879 --> 00:59:00,559
for years that was a huge mistake and and i missed a lot of things that he did

772
00:59:00,559 --> 00:59:07,439
and i missed a lot of the reactions and i didn't understand the reactions against him during his

773
00:59:07,439 --> 00:59:13,099
first term and so i missed oh i missed how they were walling him off and how they were

774
00:59:13,099 --> 00:59:14,419
destroying it.

775
00:59:15,939 --> 00:59:17,179
And so, you know, live and learn.

776
00:59:17,359 --> 00:59:19,039
That's what the process is, right?

777
00:59:19,779 --> 00:59:22,419
So, happy to say that I was a retard in 2018

778
00:59:22,419 --> 00:59:24,399
and I'm less of a retard today.

779
00:59:25,419 --> 00:59:26,559
Well, then what is...

780
00:59:26,559 --> 00:59:27,659
And somehow people still listen to me.

781
00:59:28,399 --> 00:59:30,459
What is the new pick then?

782
00:59:30,719 --> 00:59:33,759
You know, Kevin Warsh, because he seems to be...

783
00:59:33,759 --> 00:59:35,199
Oh, he's a Trump guy through and through.

784
00:59:35,459 --> 00:59:37,639
He's a Hamilton guy through and through.

785
00:59:37,739 --> 00:59:39,179
He's going to cut interest rates.

786
00:59:39,179 --> 00:59:40,879
He's going to shrink the Fed's balance sheet.

787
00:59:40,879 --> 00:59:47,479
without a doubt like he's going to do what needs to be done that's what trump wants that's of

788
00:59:47,479 --> 00:59:53,479
course if he's not a red herring dive into that what do you mean now why would he be a red herring

789
00:59:53,479 --> 01:00:03,699
meaning that you can't get that guy through the senate right now right i'm not saying this is

790
01:00:03,699 --> 01:00:08,099
operative i'm not saying this is what's happening i'm saying this is a possibility this is scenario

791
01:00:08,099 --> 01:00:09,559
You've got to play the scenario out.

792
01:00:09,839 --> 01:00:10,879
And what would the scenario be?

793
01:00:10,959 --> 01:00:13,339
The scenario would be, well, he's going to throw Warsh out there

794
01:00:13,339 --> 01:00:15,419
because he knows that everybody hates Warsh,

795
01:00:15,559 --> 01:00:19,079
but they can't turn down two Fed chairs.

796
01:00:21,259 --> 01:00:25,399
So he loses on Warsh, and then he what?

797
01:00:25,479 --> 01:00:26,299
He gets Judy Shelton?

798
01:00:29,159 --> 01:00:29,719
I don't know.

799
01:00:29,939 --> 01:00:30,539
I don't think it's ever.

800
01:00:30,879 --> 01:00:32,519
Actually, I don't even believe it's going to be Shelton,

801
01:00:32,599 --> 01:00:33,179
to be honest with you.

802
01:00:33,199 --> 01:00:35,819
I don't think she was ever really seriously in the running.

803
01:00:35,819 --> 01:00:39,419
I think Trump would love to have her on the Federal Reserve Board because he nominated her once.

804
01:00:41,379 --> 01:00:49,759
Famously, John McCain, in one of his last acts before his brain tumor heroically gave its life for our country,

805
01:00:50,839 --> 01:00:55,499
high-fived with Kamala Harris to block her appointment on the Senate floor.

806
01:00:55,499 --> 01:00:57,619
but

807
01:00:57,619 --> 01:01:03,559
if Warsh is the real pick

808
01:01:03,559 --> 01:01:04,739
which he probably is

809
01:01:04,739 --> 01:01:07,599
he's going to do exactly what Trump wants him to do

810
01:01:07,599 --> 01:01:09,379
because he's made it abundantly clear

811
01:01:09,379 --> 01:01:11,799
that he's going to remove the last vestige

812
01:01:11,799 --> 01:01:13,219
of the Fed put under the market

813
01:01:13,219 --> 01:01:16,179
and that means

814
01:01:16,179 --> 01:01:19,499
the euro dollar system is in serious trouble

815
01:01:19,499 --> 01:01:22,639
because if

816
01:01:22,639 --> 01:01:26,379
he's not there and wanting to bail out

817
01:01:26,379 --> 01:01:30,559
the banks that refuse to clean up their balance sheets on Wall Street.

818
01:01:30,639 --> 01:01:32,879
That would be, in this case, Citi and BOFA

819
01:01:32,879 --> 01:01:37,539
are, in my mind, the two that are the most vulnerable.

820
01:01:42,359 --> 01:01:44,219
We could see a problem there.

821
01:01:44,719 --> 01:01:46,219
But BlackRock just bent the knee.

822
01:01:47,079 --> 01:01:49,739
Larry Fink bent the knee at Davos to Trump.

823
01:01:49,739 --> 01:01:52,039
I mean

824
01:01:52,039 --> 01:01:54,779
you know

825
01:01:54,779 --> 01:01:56,899
and I've always said that like for example

826
01:01:56,899 --> 01:01:58,839
like everybody, the whole idea of turning

827
01:01:58,839 --> 01:02:00,259
BlackRock into this big

828
01:02:00,259 --> 01:02:02,599
you know, boogeyman

829
01:02:02,599 --> 01:02:04,639
as far as I'm concerned

830
01:02:04,639 --> 01:02:06,819
that was always a dot, that was again another one of these

831
01:02:06,819 --> 01:02:07,899
like dumb British

832
01:02:07,899 --> 01:02:10,399
tabloid puff

833
01:02:10,399 --> 01:02:12,659
jobs, Larry Fink is a guy

834
01:02:12,659 --> 01:02:14,639
who's the CEO of a company that has

835
01:02:14,639 --> 01:02:16,239
80 billion dollars on its balance sheets

836
01:02:16,239 --> 01:02:17,099
fucking mid cap

837
01:02:17,099 --> 01:02:23,919
if JP Morgan wants Black Rock's book of business

838
01:02:23,919 --> 01:02:26,419
JP Morgan buys Black Rock's book of business

839
01:02:26,419 --> 01:02:27,659
it's just that simple

840
01:02:27,659 --> 01:02:31,399
and there's nothing fucking Larry Fink can do about it

841
01:02:31,399 --> 01:02:33,979
and if you don't think I'm right about that

842
01:02:33,979 --> 01:02:36,879
then why did Larry Fink bend the fucking knee at Davos

843
01:02:36,879 --> 01:02:40,599
about institutional trust and everything else

844
01:02:40,599 --> 01:02:41,059
he was beaten

845
01:02:41,059 --> 01:02:43,739
and Mark Carney knew he was beaten

846
01:02:43,739 --> 01:02:48,539
in the minute the military coup against Xi Jinping failed.

847
01:02:48,959 --> 01:02:50,379
And now Carney has to bend the knee.

848
01:02:50,739 --> 01:02:53,099
But Carney's too proud to bend the knee fully.

849
01:02:53,419 --> 01:02:55,899
He's going to go scorched doors with Canada.

850
01:02:57,119 --> 01:02:59,159
And they're going to go scorched doors on Australia.

851
01:03:00,359 --> 01:03:04,119
And Starmer's going scorched doors on the Commonwealth.

852
01:03:05,119 --> 01:03:11,399
Basically saying, look, if we can't control the colonies,

853
01:03:11,399 --> 01:03:13,739
then neither can you.

854
01:03:14,539 --> 01:03:16,399
We're going to destroy the people in the process.

855
01:03:17,079 --> 01:03:20,019
Because these people are fucking Satanists.

856
01:03:22,159 --> 01:03:23,439
You know, they're evil.

857
01:03:23,919 --> 01:03:25,399
They're not just...

858
01:03:25,399 --> 01:03:27,559
They're not just power hungry.

859
01:03:27,719 --> 01:03:28,139
They're evil.

860
01:03:31,259 --> 01:03:33,099
And they don't give a shit.

861
01:03:33,819 --> 01:03:35,939
And they've threatened us with nuclear war

862
01:03:35,939 --> 01:03:37,359
for 75 freaking years.

863
01:03:38,519 --> 01:03:40,239
You think they wouldn't sacrifice, you know,

864
01:03:40,239 --> 01:03:42,099
75 or 80 million English people?

865
01:03:43,659 --> 01:03:44,179
Really?

866
01:03:46,599 --> 01:03:47,119
Really?

867
01:03:48,259 --> 01:03:48,579
Okay.

868
01:03:49,419 --> 01:03:52,999
In reality, 20 million Canadians,

869
01:03:53,319 --> 01:03:54,399
the other 20 million are poos.

870
01:03:55,559 --> 01:03:57,219
The next 40 million are going to be poos,

871
01:03:57,419 --> 01:03:59,599
but they're all going to have Canadian passports.

872
01:04:00,459 --> 01:04:01,319
Some of them will be Chinese.

873
01:04:03,199 --> 01:04:04,419
And I say that with love.

874
01:04:04,419 --> 01:04:06,339
There's plenty of, you know, I say, you know,

875
01:04:06,539 --> 01:04:07,379
it's terrible.

876
01:04:08,539 --> 01:04:09,719
We want to save Canada.

877
01:04:09,719 --> 01:04:10,839
We want to liberate Canada.

878
01:04:10,959 --> 01:04:12,619
We want to liberate the UK.

879
01:04:12,819 --> 01:04:13,739
We want to liberate Ireland.

880
01:04:13,919 --> 01:04:15,719
We want to liberate the Australians.

881
01:04:21,699 --> 01:04:23,239
Central and South America, too.

882
01:04:23,819 --> 01:04:25,839
They need to be liberated.

883
01:04:26,199 --> 01:04:29,939
And we're watching Central and South America liberate themselves.

884
01:04:31,359 --> 01:04:34,879
Bucalion, El Salvador, this new one in Costa Rica.

885
01:04:35,779 --> 01:04:37,659
Was it Costa Rica the other day?

886
01:04:37,659 --> 01:04:47,159
I mean, start looking at, you know, Scheinbaum is already asked, basically asking for help with the cartels in order to be free in Mexico.

887
01:04:48,179 --> 01:04:52,139
Right. Cuba is now starting to negotiate.

888
01:04:52,359 --> 01:04:58,439
Like it's coming, this old world of these evil colonial powers.

889
01:04:58,439 --> 01:04:59,899
what I see this morning with France.

890
01:05:00,859 --> 01:05:02,199
The French are actively,

891
01:05:02,839 --> 01:05:03,139
you know,

892
01:05:04,279 --> 01:05:06,439
French intelligence, French military actively

893
01:05:06,439 --> 01:05:08,799
have a list drawn up

894
01:05:08,799 --> 01:05:10,439
of the Russians, by the way,

895
01:05:10,439 --> 01:05:12,239
are putting this information out. It's fucking hilarious

896
01:05:12,239 --> 01:05:14,479
about how the French intelligence

897
01:05:14,479 --> 01:05:16,459
are drawing up

898
01:05:16,459 --> 01:05:17,959
lists of unacceptable

899
01:05:17,959 --> 01:05:20,219
African

900
01:05:20,219 --> 01:05:20,819
leaders.

901
01:05:22,359 --> 01:05:22,879
Right?

902
01:05:23,759 --> 01:05:24,839
What are you going to do about that?

903
01:05:27,199 --> 01:05:27,679
Manny.

904
01:05:28,439 --> 01:05:36,779
after you get you know pegged one more time like seriously i want to dive in

905
01:05:36,779 --> 01:05:42,899
i'm not even like i the sad part about it is when i make a joke like that joke when i say

906
01:05:42,899 --> 01:05:48,719
something like that it's not it's you laugh because you know it's true yeah it's a mess

907
01:05:48,719 --> 01:05:56,379
it's pathetic you said something about uh about the bank so i want to dive into that

908
01:05:56,379 --> 01:05:59,939
before we get into like kind of the geopolitical angle,

909
01:05:59,939 --> 01:06:02,019
because you said like, what'd you say?

910
01:06:02,619 --> 01:06:05,839
Bank of America potentially is the most vulnerable.

911
01:06:06,359 --> 01:06:09,259
Bank of America and Citigroup are both the ones

912
01:06:09,259 --> 01:06:10,619
with the deepest ties.

913
01:06:10,719 --> 01:06:14,099
I mean, you see it, people talking about it everywhere.

914
01:06:14,259 --> 01:06:16,479
You know, who's short in the silver market,

915
01:06:16,579 --> 01:06:18,219
who's got problems and, you know,

916
01:06:18,219 --> 01:06:20,359
who's got ties to the European banking system and whatnot.

917
01:06:20,739 --> 01:06:24,539
You just know that it's out there.

918
01:06:24,539 --> 01:06:30,599
And that's my inference. That's my read on the situation. It's been that way for a long time.

919
01:06:31,319 --> 01:06:36,639
And I asked the simple question all the time. I asked a simple question, right? Here's one.

920
01:06:37,679 --> 01:06:43,439
Bofa's known that this has been coming for years. It's not like the management of Bofa and Citigroup

921
01:06:43,439 --> 01:06:53,179
didn't know that Trump was, one, coming back to power, two, was having the red carpet laid out for

922
01:06:53,179 --> 01:06:59,119
him by Morgan and Morgan Stanley and Goldman and everybody else, right? All those other banks

923
01:06:59,119 --> 01:07:06,039
were lining up to assist Powell to ensure that Trump comes back to power. And why are they still

924
01:07:06,039 --> 01:07:12,159
sitting on massive derivative books if the European banking system closed? It's because

925
01:07:12,159 --> 01:07:21,819
they're still fucking traders is why. They should have cleaned their balance sheets up. They've had

926
01:07:21,819 --> 01:07:23,559
seven years to do it and they haven't done it.

927
01:07:23,899 --> 01:07:25,899
Why? Because they want to blow up.

928
01:07:29,559 --> 01:07:31,699
They want to be a ticking time bomb.

929
01:07:32,639 --> 01:07:33,759
It's the only way you can, like,

930
01:07:34,059 --> 01:07:36,399
it's the only conclusion you can draw.

931
01:07:38,359 --> 01:07:40,219
Well, if you don't play ball,

932
01:07:40,219 --> 01:07:41,539
we'll blow up Bofa.

933
01:07:43,039 --> 01:07:44,319
By tea time.

934
01:07:45,199 --> 01:07:46,599
Fuck you, Keir Starmer.

935
01:07:47,139 --> 01:07:48,999
Hey, Andrew Bailey, bend over.

936
01:07:49,259 --> 01:07:49,519
No.

937
01:07:49,519 --> 01:07:56,559
worship the free and federal reserve they're not going to get a bailout and if they do it'll be

938
01:07:56,559 --> 01:08:02,219
it'll be partial the next time one of their their institutions blows up it won't be 2008

939
01:08:02,219 --> 01:08:08,279
where we nationalize fanny and freddy let lehman go and bail out fucking london's aig

940
01:08:08,279 --> 01:08:11,899
which is what we did who did that

941
01:08:11,899 --> 01:08:17,659
Trump, sorry, Bush and Obama.

942
01:08:18,559 --> 01:08:19,659
That's who did it.

943
01:08:20,059 --> 01:08:22,179
John McCain, Mitt Romney,

944
01:08:24,699 --> 01:08:26,759
Geithner, Paulson.

945
01:08:27,859 --> 01:08:29,259
They bailed out fucking London.

946
01:08:29,898 --> 01:08:32,619
AIG was designed the way AIG,

947
01:08:32,739 --> 01:08:33,479
go back and watch,

948
01:08:33,519 --> 01:08:35,619
I watched the thing by Henster Pierce,

949
01:08:36,039 --> 01:08:37,679
who by the way is now part of the Trump administration,

950
01:08:37,679 --> 01:08:39,179
where she was at George Mason University

951
01:08:39,179 --> 01:08:40,439
talking about all this.

952
01:08:40,439 --> 01:08:51,119
like and asking went on an entire like forensic discovery of you know um historical look at how

953
01:08:51,119 --> 01:08:56,819
AIG built the balance sheet that it built and then asked the very simple question why did we

954
01:08:56,819 --> 01:09:03,979
bail out AIG multiple times why wasn't it broken up into good parts and bad parts why was it made

955
01:09:03,979 --> 01:09:23,059
hole. These people use blackmail and misdirection. AIG was bailed out because London blew it up on

956
01:09:23,059 --> 01:09:33,459
purpose. Their balance sheet was designed, their MBS-like layers and all this crap that they had

957
01:09:33,459 --> 01:09:38,759
on their balance. It was all designed to blow up. And then Bernanke raises interest rates,

958
01:09:38,859 --> 01:09:42,119
ensuring that it blows up. And then Lehman is left

959
01:09:42,119 --> 01:09:49,579
to twist in the fucking wind while AIG gets everything.

960
01:09:51,579 --> 01:09:55,998
And we wind up with a nationalized Fannie and Freddie, the city of London in charge of our

961
01:09:55,998 --> 01:10:02,619
fucking yield curve, and Obama, the frigging Manchurian, I mean, sorry, square mile candidate

962
01:10:02,619 --> 01:10:04,679
as president who then nationalizes

963
01:10:04,679 --> 01:10:06,719
fucking healthcare and leaves us

964
01:10:06,719 --> 01:10:08,579
at the zero bound for a freaking decade

965
01:10:08,579 --> 01:10:10,819
and destroys the

966
01:10:10,819 --> 01:10:11,819
structure of the dollar.

967
01:10:14,039 --> 01:10:14,979
And destroys

968
01:10:14,979 --> 01:10:15,859
the middle class.

969
01:10:20,119 --> 01:10:20,998
We don't need

970
01:10:20,998 --> 01:10:22,819
to go any farther than that. If Bofa and

971
01:10:22,819 --> 01:10:24,839
Citigroup blow up, it'll be because

972
01:10:24,839 --> 01:10:27,019
they're the last

973
01:10:27,019 --> 01:10:28,359
things to blow up.

974
01:10:28,998 --> 01:10:31,079
Everything else is just a chase scene

975
01:10:31,079 --> 01:10:31,519
at this point.

976
01:10:32,619 --> 01:10:42,779
there's there's not that much more to say are they or are they not going to be able to pull these

977
01:10:42,779 --> 01:10:48,979
pins on these grenades and throw them at us best and trump are saying they can't

978
01:10:48,979 --> 01:10:53,398
because we know where these problems are and we will just shut them down

979
01:10:53,398 --> 01:11:00,479
we will boomerang them back onto you and you will go bankrupt this time because no one's going to be

980
01:11:00,479 --> 01:11:02,939
because the U.S. taxpayer is not going to save you,

981
01:11:03,579 --> 01:11:06,819
which is why they haven't done it yet,

982
01:11:07,259 --> 01:11:10,299
which is why gold is $5,000 an ounce

983
01:11:10,299 --> 01:11:13,139
and the system hasn't imploded.

984
01:11:14,959 --> 01:11:16,339
Remember Rick Rule used to say,

985
01:11:16,479 --> 01:11:19,659
I believe that the $10,000 an ounce gold is possible.

986
01:11:19,859 --> 01:11:21,239
I don't want to live in that world

987
01:11:21,239 --> 01:11:23,599
because that implies Mad Max

988
01:11:23,599 --> 01:11:26,559
and living off of canned sardines

989
01:11:26,559 --> 01:11:30,319
and trading toilet paper and primers.

990
01:11:30,479 --> 01:11:32,759
but that's not what happened.

991
01:11:35,219 --> 01:11:38,779
It didn't happen because the United States didn't play ball all the way to the end.

992
01:11:40,159 --> 01:11:41,439
So if you want to understand,

993
01:11:41,539 --> 01:11:44,599
if you want to go back to your original question as to why the,

994
01:11:44,799 --> 01:11:45,059
you know,

995
01:11:45,439 --> 01:11:46,419
why all of this,

996
01:11:46,679 --> 01:11:50,759
because the United States still has dominance in military economy,

997
01:11:51,759 --> 01:11:52,398
infrastructure,

998
01:11:52,599 --> 01:11:52,839
this,

999
01:11:52,939 --> 01:11:53,139
that,

1000
01:11:53,259 --> 01:11:53,719
everything else.

1001
01:11:53,819 --> 01:11:56,059
All we have to do is start producing shit again.

1002
01:11:56,619 --> 01:11:58,099
All we have to do is stop getting,

1003
01:11:58,099 --> 01:12:07,839
stop bitching at ourselves about, you know, being stupid and just show up for fucking work for once.

1004
01:12:10,419 --> 01:12:16,879
It's not hard, folks. Everybody else is just far worse off than we are. The Chinese have built

1005
01:12:16,879 --> 01:12:22,599
so much, they have so much malinvestment. It's not funny. And I never wanted to believe this.

1006
01:12:22,599 --> 01:12:28,079
I've always been the skeptic on the whole China is going to collapse theory. Have been for years.

1007
01:12:28,099 --> 01:12:33,479
I've been surrounded by China hawks my entire professional career.

1008
01:12:35,179 --> 01:12:41,959
I'm like, not going to buy that until I actually see evidence of it.

1009
01:12:42,419 --> 01:12:50,319
And China's standing down at every one of these geopolitical dust-ups that Trump has dealt with.

1010
01:12:50,319 --> 01:12:55,679
tells me, yeah, they're far more vulnerable

1011
01:12:55,679 --> 01:13:00,119
than we thought they were.

1012
01:13:02,359 --> 01:13:02,919
Yeah.

1013
01:13:03,819 --> 01:13:06,119
Where does Latin America play in this?

1014
01:13:08,459 --> 01:13:09,619
They're just...

1015
01:13:09,619 --> 01:13:14,139
They're just the next area to be liberated.

1016
01:13:14,679 --> 01:13:16,779
The United States is taking control of its borders.

1017
01:13:17,359 --> 01:13:18,379
It's got a problem.

1018
01:13:18,379 --> 01:13:21,419
It has to get control of the Great Lakes.

1019
01:13:21,659 --> 01:13:22,998
It has to get control of the West Coast.

1020
01:13:24,239 --> 01:13:25,699
Go look at a map of the United States.

1021
01:13:25,819 --> 01:13:28,319
Go look at where all the blue state governors are.

1022
01:13:29,559 --> 01:13:30,839
Central and South America are easy.

1023
01:13:32,119 --> 01:13:32,599
Fix it.

1024
01:13:33,498 --> 01:13:34,199
Get rid of London.

1025
01:13:34,479 --> 01:13:35,279
Get rid of the drug trade.

1026
01:13:35,419 --> 01:13:36,699
Get rid of the human trafficking.

1027
01:13:36,859 --> 01:13:37,819
Get rid of all that shit.

1028
01:13:38,839 --> 01:13:39,599
It's already done.

1029
01:13:40,079 --> 01:13:41,379
It's the Gulf of America.

1030
01:13:41,799 --> 01:13:45,799
It sounded stupid when he did it, but he did it on purpose.

1031
01:13:45,799 --> 01:13:49,679
this was trump's way of saying because fuck you that's why

1032
01:13:49,679 --> 01:13:58,039
i'm sorry what um we're america well how can you change that because fuck you that's why

1033
01:13:58,039 --> 01:14:03,539
it's not the gulf of mexico it's the gulf of america why because fuck you

1034
01:14:03,539 --> 01:14:14,259
well there we go so then venice with latin america because fuck you we're gonna liberate

1035
01:14:14,259 --> 01:14:18,998
you people we're not we're not playing the same games that we played before you guys don't have

1036
01:14:18,998 --> 01:14:23,099
to play this game i'm telling you after cuba it's going to be all the offshore tax havens

1037
01:14:23,099 --> 01:14:27,739
the caymans british virgin islands bahamas bermuda all that shit's all gonna they're

1038
01:14:27,739 --> 01:14:34,219
we're gonna roll all that up that's next and canada alberta is going to be alberta may be

1039
01:14:34,219 --> 01:14:40,159
part of the united states by the end of the year depending on how the things go in domestically in

1040
01:14:40,159 --> 01:14:49,139
the United States. Was Venezuela just the start then? Yes. Venezuela was the linchpin

1041
01:14:49,139 --> 01:14:55,519
to all the bullshit in Latin America and in the Western hemisphere. Everything crosses in

1042
01:14:55,519 --> 01:15:01,759
Venezuela. All the organized crime, all the cash money flowing around the world, all the illicit

1043
01:15:01,759 --> 01:15:08,439
oil trading, all of the drug trafficking and the human trafficking and all of it. It all flowed

1044
01:15:08,439 --> 01:15:12,299
out of Venezuela. And Maduro was the figurehead.

1045
01:15:13,159 --> 01:15:16,459
And so Trump went and plucked him using the outstanding

1046
01:15:16,459 --> 01:15:20,559
warrant for him. Because Maduro

1047
01:15:20,559 --> 01:15:24,659
also has all the thumb drives of all the shit that was done

1048
01:15:24,659 --> 01:15:26,359
that went through Venezuela.

1049
01:15:28,998 --> 01:15:32,259
And then a week later, two weeks later, Tulsi Gabbard is

1050
01:15:32,259 --> 01:15:36,799
along with the FBI

1051
01:15:36,799 --> 01:15:39,839
serving a warrant for all of the 2020 election records.

1052
01:15:39,839 --> 01:15:44,279
If you don't think that that was not a massive message

1053
01:15:44,279 --> 01:15:49,539
to every shitbag rhino in Congress and the Senate,

1054
01:15:50,759 --> 01:15:54,519
I don't know how anybody would call themselves

1055
01:15:54,519 --> 01:15:56,998
a domestic political analyst.

1056
01:15:57,799 --> 01:16:01,119
Because clearly, that's what that was.

1057
01:16:01,419 --> 01:16:05,619
The Georgia GOP is dirty.

1058
01:16:05,619 --> 01:16:09,498
and they fucked him over in Georgia.

1059
01:16:09,679 --> 01:16:12,039
And then I have to sue him.

1060
01:16:14,739 --> 01:16:18,019
Yeah, Raffisberger, both fucking senators,

1061
01:16:18,219 --> 01:16:20,379
Warnock and Ossoff, all of it.

1062
01:16:20,639 --> 01:16:21,459
Every bit of it.

1063
01:16:21,679 --> 01:16:23,819
Marjorie Taylor, drama queen, sorry, knee pads.

1064
01:16:24,119 --> 01:16:24,939
Like all of it.

1065
01:16:27,459 --> 01:16:28,879
Every fucking bit of it.

1066
01:16:29,359 --> 01:16:31,759
I can't wait to watch her go on The View again.

1067
01:16:32,059 --> 01:16:33,419
I can't wait for her to start a podcast.

1068
01:16:33,539 --> 01:16:33,998
It's going to be great.

1069
01:16:33,998 --> 01:16:36,359
Tom, you've always been generous with your time.

1070
01:16:36,779 --> 01:16:41,819
Why don't you tell people where they can find out more about you and read more of your work,

1071
01:16:41,959 --> 01:16:44,099
see all the great videos and content you're putting out?

1072
01:16:44,759 --> 01:16:50,059
Well, I mean, as always, you can follow the podcast and newsletter over at tomolonga.me.

1073
01:16:50,339 --> 01:16:53,579
You can follow me on Twitter at TFL1728, which is where, you know,

1074
01:16:53,599 --> 01:16:56,339
that's where you're going to get my running commentary on a daily basis.

1075
01:16:56,559 --> 01:16:59,939
And then, you know, Patreon slash Cold Goats and Guns,

1076
01:16:59,979 --> 01:17:03,299
which is where I take care of my patrons and how we pay the bills and how we do the thing.

1077
01:17:03,299 --> 01:17:05,699
So you can sign up for the newsletter or just the market reports.

1078
01:17:05,879 --> 01:17:07,979
And, you know, either way, we still keep it.

1079
01:17:07,979 --> 01:17:09,559
It's still unbelievably cheap.

1080
01:17:10,219 --> 01:17:12,199
And I think I need to deal with that problem.

1081
01:17:12,199 --> 01:17:13,159
But that's a different thing.

1082
01:17:13,199 --> 01:17:14,579
That's a different discussion for a different day.

1083
01:17:14,819 --> 01:17:21,839
So with that being said, yeah, for the price of a cup of coffee, a bad cup of coffee at Starbucks, not even a latte.

1084
01:17:22,319 --> 01:17:23,659
Come on, give it up.

1085
01:17:24,099 --> 01:17:25,159
So there you go.

1086
01:17:25,779 --> 01:17:26,579
Tom, you're a legend.

1087
01:17:26,719 --> 01:17:27,459
Thanks so much, brother.

1088
01:17:28,599 --> 01:17:29,079
Thank you.

1089
01:17:29,079 --> 01:17:34,039
Thank you guys all for tuning in to another great episode of the State of Bitcoin podcast.

1090
01:17:34,459 --> 01:17:39,799
If you found some value in this one, please hit that subscribe button and that like button to help send this one to the masses.

1091
01:17:40,019 --> 01:17:41,319
And I've got a surprise for you guys.

1092
01:17:41,439 --> 01:17:44,679
I've got two more episodes that you have the chance to watch here.

1093
01:17:44,799 --> 01:17:47,659
So go ahead and click one of them and I'll see you guys all at the next one.