0:00

This son of a b****. I

0:02

mean, how dare you? The US government can't

0:04

go bankrupt because we can print our own

0:06

money. It obviously

0:08

begs the question, why exactly are we borrowing

0:11

an currency that we print ourselves? There is

0:13

no question that the government prints money, and

0:16

then it uses that money to... So,

0:24

yeah, I guess I'm just... I can't really

0:26

talk... I don't get it. I don't know

0:28

what they're talking about. Like, the

0:30

economic advisor to the President

0:32

of the United States was

0:34

that gentleman, right? What

0:57

is it? That's

1:16

an insane statement. People

1:20

that want to own things can

1:22

be happy. How can

1:25

they prepare or protect

1:27

themselves? Hey

1:34

everybody, welcome to The What Is Money Show.

1:37

I am thrilled to have you here joining

1:39

me on my mission to help shine light

1:41

on The Collection of Money. Now

1:44

if this is your first time listening to

1:46

The What Is Money Show, I strongly recommend

1:48

that you go back to episodes 1 through

1:50

9 first, which lays a

1:52

lot of the groundwork for many of the

1:54

concepts that we explore on the show. These

1:57

first 9 episodes are my series with Michael

1:59

Saylor and... Thousands of people have

2:01

told me that this is the best podcast

2:03

series they've ever heard, hands down,

2:05

and that it was instrumental to their

2:07

understanding of money in Bitcoin. So

2:10

if you're looking to start a deep dive

2:12

into the nature of money, I don't think

2:14

there's any place better that you

2:17

can start other than episode one of this show.

2:19

Now a little bit about this show and how it

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Again, that's Wolf, w-o-l-f-n-y-c.com.

3:54

You know, kind of new age, transcendental

3:56

type stuff, right? And then with

3:59

that comes. some extraterrestrial,

4:01

some quantum physics stuff, some

4:03

astrophysics. And there's just

4:05

this brilliant multiple

4:08

PhD guy here in Fort Lauderdale,

4:10

Billy Carson, who's just a wicked,

4:12

awesome genius. And he's

4:14

read all of these ancient tablets,

4:17

whether it's the Epic of Gilgamesh,

4:19

the Emerald Tablets of Toth, and

4:21

then there's like the seven tablets of creation

4:23

or something like that. I'm not,

4:26

that may be the exact name, but

4:29

what he really is able to

4:31

frame is there

4:33

are different words for

4:36

the same thing, right? You

4:39

may say angel, I

4:41

may say Anunnaki, and

4:43

someone else may say extraterrestrial,

4:45

right? Or Atlantean, same

4:48

thing for demons, right? May

4:51

say fallen angel, demon, extraterrestrial.

4:55

And what's interesting is that throughout what

4:58

we believe to be history, which is roughly

5:00

240,000 years old, like

5:03

going back to ancient Sumeria, there's 25, 26

5:07

recurrences of the Christ story. And

5:10

it's just really interesting where in music,

5:12

we call it resonance, where

5:16

you also then learn that genetically,

5:19

I forget the exact nomenclature, but

5:22

memory from past lives,

5:25

like in your genealogy, is

5:27

passed to you by your father and has

5:29

a 15 to 20 or half life in

5:31

your life, where you may

5:33

have depression or anger or love or

5:35

joy from a ancestor. And

5:38

it's just fascinating. He breaks all that down

5:41

into really understandable phrases

5:43

and sentences and summations, and then has

5:46

citations for them all. It's really amazing.

5:48

He's like a hybrid

5:50

of like a Graham Hancock and

5:52

David Ike kind of thing. Does

5:54

he do podcasts? Yeah,

5:56

I'd love to meet him. Yeah, he has his

5:58

own. So I... I first got exposed to

6:00

them a few years ago on Gaia, which

6:03

is a great network. Originally jumped

6:05

into that because of Dr. Jodha Spenza

6:08

with meditation, then they have great yoga, and

6:10

then they have great health stuff, and

6:13

then all of a sudden, the few

6:15

years, they've had NDE, near-death experience,

6:18

ET, and there's some

6:20

wicked crazy stuff. And

6:22

then history and anthropology

6:24

and archeology, and it's

6:26

all the stuff that you'd wanna be exposed to, even

6:28

if it's just conjecture and speculation,

6:30

but you're not allowed to hear. Right,

6:33

yeah, I know the founder of Gaia.

6:35

I've talked to her a few times

6:37

about some Bitcoin documentary stuff. Yeah, she,

6:39

Meredith. Maybe

6:42

it's not the founder then. I

6:44

forgot her name. I don't think it's Meredith. And

6:46

then Greg something, and, but...

6:50

I know a lot of people that like their stuff. It's

6:52

fantastic. And you can get it on the app.

6:55

I gotta consume more audio and video content.

6:57

So I don't know if you, I haven't showed

6:59

you my library yet, but there's about a thousand books in

7:01

there. I've read about 20% of them. It's

7:04

never ending when you wanna collect great...

7:07

Hyek actually has a list of the great works

7:09

of freedom. I

7:12

didn't get all of them, because I just picked up

7:14

this Constitution of Liberty book, which, how did I miss

7:16

this one? And it's 1960 published. So

7:21

Post-Road to Serfdom. It's

7:24

really, really dense, even for me, who

7:26

gets off this. Hyek's a dense guy. Even

7:30

road to Serfdom was a tough one

7:32

for me. Because

7:35

they spoke and wrote differently than we do.

7:37

Yeah. Way more eloquent, a

7:40

lot more descriptive language, but then they put commas

7:42

in it's like... I was gonna say, it feels

7:44

like a lot of run on sentences. It is

7:46

a lot of run on sentences, in prepositional phrases.

7:49

Yeah, yeah. Where I don't know

7:51

why their editors maybe

7:53

didn't correct that, but I'm not a grammar

7:55

expert. I'm not either. And maybe it's

7:57

just a matter of reading an older form of English. But

8:00

I found it challenging. I appreciated it.

8:02

I felt like it was mind expanding.

8:05

It sort of Enabled

8:08

me to form more complex thoughts maybe after

8:10

reading books like that. I like reading books

8:13

like that, but But

8:15

it is challenging. Yeah, I had to

8:17

reread on the way to LA. I Started

8:21

reading it. I probably read for three of the five

8:23

hours and I got to

8:25

59 pages. Yeah, whereas yeah the

8:29

138 great taking I read in one hour

8:31

right right just rip through it Also

8:33

the whole book great takings one hour. It

8:36

took me one hour to read. Oh, I just

8:39

I was like, oh my yeah Oh,

8:41

no, and I kept reading from it It

8:44

was a little bit out of like panic and like well,

8:47

you know when you're you're subconscious and your

8:49

instinct Knows that

8:51

something's true, but then you're you're checking

8:53

that and balancing that with some reason

8:55

and logic. Yeah, well Yeah, I don't

8:57

know what to be factually true And

9:00

I don't have objective evidence that I can

9:02

cite and then all of a sudden you're thrown

9:05

that out in a very concise Well-written work.

9:07

It's it I just ripped through it

9:09

and couldn't put it down as soon as I

9:11

started couldn't been down You must be speed reading.

9:14

I have a like semi photographic memory

9:16

Okay, it's waiting as I've

9:18

had kids and

9:20

running a 24-7 business, but um,

9:23

I just love Knowledge, I mean

9:25

always operated from a position of he

9:28

who knows he knows nothing. Yeah and really

9:32

Being humble and having that humility

9:34

to relearn learn

9:37

again and relearn. Yeah Because

9:40

so many great concepts have been stated

9:42

in so many different ways from so many different

9:44

perspectives I'd like to know almost all

9:47

of them like the stoics are very inspiring Right

9:49

some of the Enlightenment writers the

9:52

Renaissance Obviously the art

9:54

from the Renaissance period is probably the

9:56

greatest art of all time, especially the

9:58

sculptures and statues but largely

10:01

there's not anything that I wouldn't want

10:03

to consume. I don't, on the extraterrestrial

10:05

stuff, there's this guy, Emery

10:08

Smith, and he's got a collection

10:10

of characters that say things where you're like, oh

10:12

my God, but they say it was so much

10:15

conviction where you

10:17

really don't think they're lying, right? And so you

10:19

have to have the humility to say, well, I

10:21

don't know anything about this. I'm gonna try and

10:24

consume it and arrive at my

10:26

own conclusion. What is

10:28

it, the great taking, so it's 138 pages,

10:30

not too

10:32

dense, obviously, if you could read it in one hour, but

10:35

obviously very impactful for you to

10:38

the point where that's the first book you wanted to talk

10:40

about today. What is it that's

10:43

in that book that was so impactful that

10:45

you feel motivated to dive into it first?

10:47

I think it's really creating

10:50

awareness of

10:52

the fact that we've been sort

10:54

of backed into and pigeonholed into a

10:57

situation where we have

10:59

very few alternatives to resolve

11:01

issues and conflicts and

11:03

to kind of re-grasp our rule

11:06

of law and liberty as human

11:08

beings and certainly as Americans. And

11:11

the traditional way of thinking

11:14

of saving and investing, which

11:16

largely the game of investing is converting

11:19

fiat into assets as quick as possible,

11:21

and that's how you gradually win, and that's more of

11:23

a fight against inflation, right? But

11:26

for better or for worse, the powers that

11:28

be have dematerialized

11:32

securities beginning, really,

11:34

at least cited by brilliant

11:37

work by David Webb beginning in 1964, largely

11:42

beginning because of a so-called paper crisis because

11:44

of the increase in volume of trading, and

11:47

the dematerialization led to a removal

11:50

of property rights. Most common on

11:53

Wall Street, even when I started

11:55

out of college, people knew things

11:57

were held in street name. I

12:00

don't know how many hundreds of books about

12:02

freedom, liberty, psychology, economics, that

12:05

is what I like to dive

12:07

into and history. And I really didn't

12:09

understand the power of a CCP,

12:14

a central counterparty. Very

12:16

ironically, the wonderful folks at the

12:18

DTCC told us that we were going

12:20

to have a conversation about

12:22

the freedom of liberty, and

12:25

that's what I wanted to talk about. The

12:27

wonderful folks at the DTCC told us that Bitcoin

12:31

and the ETF form gets a zero

12:33

collateral last week, almost then telling you,

12:35

oh, it's collateral. What

12:38

does that mean, gets a zero collateral?

12:40

So they made an announcement last week

12:42

that any firms that hold Bitcoin

12:46

ETFs, that will count as a

12:48

zero balance for collateral ratio of

12:50

purposes. Oh, okay. And

12:53

hilariously anybody with, you know,

12:57

really anybody who can think for themselves will

13:00

go, oh, they're telling me exactly what Bitcoin

13:02

is, which is collateral. It is, right, right,

13:04

right. And so the DTCC is the central

13:06

counterparty you speak of. Right, and that was

13:08

created in 1973 as

13:11

a process of this setup

13:13

to great take. Okay. There

13:15

are many instances, like, and I think the

13:18

key thing that people

13:21

need to reference historically is

13:24

what happened throughout the Great Depression and specifically 1933

13:26

and 1934. There

13:29

were two key things. One, gold was made illegal

13:31

and then you had a fine or jail time,

13:33

right? Yeah. That only hurt wealthy people, obviously, because

13:35

largely now the wealthy have this illusion that, oh,

13:37

I'm the 2% or 1% and sorry folks, you

13:41

got an $18 Big Mac, but I

13:43

got a Lambo. Yeah. And

13:46

have seen their securities and their

13:48

assets go up, not

13:50

net new. Since 99, the stock market

13:52

is not up. Right. Denominating gold.

13:55

Yeah, and so in real terms it's

13:57

not up. Right. And then if you

13:59

put that up, put it in Bitcoin terms

14:01

since Bitcoin came out. It's like, why would

14:03

anybody even put money in it? So

14:07

the other thing that occurred that the

14:11

author, David Webb, actually, in my

14:13

opinion, perfectly outlines, which I've read

14:15

from other authors, but just half

14:17

the story is that in addition

14:19

to the gold and

14:22

then the setting of the price of gold, which

14:24

again, that's not a free market that has nothing

14:26

to do with capitalism. They dated

14:28

a bank holiday and closed

14:32

almost 90 plus percent of the

14:34

banks. So in that instance,

14:37

it wasn't the poor who had nothing that were

14:39

the only ones suffering, but it was the wealthy

14:41

who lost, or at least the upper middle class

14:43

that lost the majority of their liquidity and

14:47

it was confiscated. Right. Right. Right. And

14:50

then you fast forward, or at least in my

14:52

mind, fast forward and I hear Bernanke say, Oh,

14:54

we're sorry for the great depression. Well, what were

14:56

they, what was a fed apologizing for? Right.

14:58

Well, if you look throughout all of

15:01

history, these boom busts are direct 99.99 correlation

15:05

to the existence of a central bank.

15:07

Yeah. You know, you have speculative kind

15:10

of panics like the tulip and

15:13

then the seashell stuff in

15:15

the Pacific islands, but that's largely driven

15:17

by just greed and FOMO. Right.

15:21

Not we're structurally going to remove

15:23

your ownership and entitlement to

15:25

everything around you. Right. And

15:28

then, Oh, by the way, what is the world economic form

15:30

told us for the last decade, you're

15:33

going to own nothing and you'll be happy.

15:35

Right. Hmm. How does that

15:37

work? Mr. Schwab? Yeah. And

15:40

so, well, obviously

15:42

we're talking about private property, which

15:45

I would argue is the unifying

15:48

principle of civilization itself. It is.

15:51

And so the great taking, I have

15:53

not read this, I have not seen

15:55

the documentary, but you're then saying that

15:59

this this book is

16:01

making the case that institutions are being

16:04

set up or property rights

16:08

are being managed in a way

16:10

through the centralized custodian, the, the

16:12

DTCC such that there's

16:14

a very simple mechanism to remove people's ownership

16:20

of I don't know what equity is.

16:24

They also, so the, the legal

16:27

methodology is UCC or uniform

16:29

commercial code articles eight and nine. And

16:32

then they back that up procedurally

16:35

with the safe harbor provisions and updates

16:38

to the bankruptcy code. So

16:40

that here's how the daisy

16:42

chain of rehypothecation ends up with

16:45

my caterpillar

16:48

stock being taken from me. So,

16:50

uh, and not

16:52

to be, I'm not specifically attacking

16:54

a bank or not, but let's say

16:56

my caterpillar stock sits on TD, right?

17:00

And TD Ameritrade TD rich,

17:02

right. And they

17:05

then lend out those securities

17:08

for long, short, whatever for collateral

17:10

purposes and overnight there's. So

17:12

you own them. They're custody with TD

17:15

Ameritrade, but TD Ameritrade by contract has

17:17

the right to lend them out to

17:19

hedge funds for going

17:22

long or post them as collateral for cash

17:25

at various ratios. This is all

17:27

transparent processes. It's in all the

17:29

disclosure gaps. And you don't

17:31

benefit from any of that yield, right? As

17:33

an owner. Well, the only place that does,

17:35

which I I'm not promoting again, but interactive

17:37

broker shares there. They're giving you some of

17:40

that. Correct. Got it. Correct. And

17:42

all, all of this is linked

17:45

to these securities and assets sitting in

17:47

omnibus structures that then can be borrowed,

17:49

sold, lent more than one time over.

17:51

And then if a, a, whatever

17:55

a CCP, a centralized counterparty,

17:58

in a lot of cases it's the fed member. banks,

18:00

for example, is

18:03

then the benefactor of a default by TD. So

18:07

this is the way that you've

18:10

seen things like the Lehman Brother

18:12

assets get basically confiscated, MF Global,

18:15

et al, et al, et al, where it

18:17

may have just been cash, it may have

18:19

been short term cash equivalents and treasuries, but

18:21

whoever is in that end, essentially

18:24

protected class, gets

18:26

to take your securities. And

18:29

you have no recourse in our court system.

18:32

This is already the case. So you were

18:34

saying can be lent

18:36

against or loaned out more

18:39

than once. So we're

18:41

talking about a double spending effectively here, which

18:43

is obviously the problem Bitcoin solves, not for

18:45

securities per se, but for money. It helps

18:47

me understand, like the fact that Bitcoin does

18:50

solve the double spend when I'm now realizing

18:52

that, hey, wait a minute, if

18:54

I follow this 100 shares, let's say, and

18:57

I do my order book work and volume and

18:59

settlements, like, it looks like there's more than 100

19:01

shares. You then understand it's

19:03

not just naked shorting, it's not just borrowing

19:06

for leverage long, it's actually all

19:08

of the above. It's not just

19:10

fractional reserve banking, it's fractional reserve

19:12

equities and everything. And

19:15

bonds. Well, and think about

19:17

it, you get different collateral ratios based

19:19

on how good or bad

19:21

they think these securities are, right? Which is

19:24

in fact, implicitly inducing you to do those.

19:27

So it's a very coerced

19:30

system and that's why it has no

19:32

freedom, it has no liberty. It's incentivizing

19:34

bad behavior and that's why you have

19:36

such malinvestment over the last, basically, while

19:38

you and I have been live. You

19:41

use the term omnibus structures. Can

19:43

you define what that means? Non-segregated

19:47

balances. So everything's

19:50

commingled, everything's thrown into one pot. Correct.

19:53

And we've seen that in crypto

19:56

BKs, whether it's Celsius or FTX. where

20:00

if your balances were segregated and not posted

20:02

as collateral for credit, you couldn't lose, right?

20:04

You may have gone up or down in

20:06

fiat terms based on the current bid to

20:08

ask, but it wasn't confiscated

20:10

from you. And

20:13

I think that everybody

20:16

just needs to be conscious of the

20:18

minutia. If everybody wants to participate in that

20:20

kind of system, I've had it, the

20:23

market. But I don't think most

20:26

people realize they're unsecured creditors on

20:29

their checking counts, right? We

20:31

literally are, we have not even scratched

20:33

the surface on the real estate bankruptcies.

20:37

Barry Sternlick was quoted at Milken Institute saying

20:39

he thinks two banks a week are gonna

20:41

fail through the end of the year, right?

20:44

And he said that on camera. And

20:47

they've actually, if you look at the

20:49

23 bankruptcies, they've chosen which

20:51

ones they're going to

20:53

write down and investors and depositors are

20:55

gonna lose money. And then others whom

20:58

they're going to completely bail out like

21:00

Silicon Valley Bank. Which

21:03

makes it even more frustrating because you

21:05

don't know the rules of engagement. You

21:08

can't really protect yourself by the letter of

21:10

the law. And then you've got to anticipate

21:12

both conflicts of

21:15

interest and then explicit loss of

21:17

property rights. Right, wow. Okay, so

21:20

it sounds to me like you're

21:22

describing a game that is degenerating

21:24

because the rules are not

21:27

evenly applied, they're not predictable,

21:29

they're subject to change, they're

21:31

subject to bending, twisting, breaking

21:34

based on political connectedness or

21:36

power, proximity to the

21:38

money spigot, whatever it may be. It's

21:40

that really. Yeah, so a corrupt

21:43

basically. Okay, corrupt, coercion and

21:47

a protected class. You're even seeing it, this is

21:49

so timely to have this dialogue because you're

21:51

seeing, love them or hate them. You're

21:53

seeing Donald Trump get indicted

21:56

for not crimes without plaintiffs.

21:58

Right, right. Right. It's

22:02

like so shocking that

22:04

what made American capital markets the

22:07

safest and best place is

22:10

a rule of law. What protects

22:12

every citizen both poor and rich

22:15

is rule of law that

22:17

irons out property rights and individual

22:20

liberties. With that, everybody's

22:22

on the same playing field and we can all

22:24

have the pursuit of happiness. Yeah,

22:27

and so that principle, right? The

22:29

quality in the eyes of the

22:31

law, which is the only quality

22:33

that actually matters. This is

22:35

the principle that's being eroded and

22:39

that is the

22:41

level playing field

22:43

basically, right? If

22:46

the law doesn't treat individuals equally,

22:49

then it's an, well, it's an uneven playing field,

22:51

basically, right? Some people are able to benefit or

22:54

play by a set of rules that other people are not

22:56

essentially. And I think an important point here

22:58

is, a

23:01

lot of people don't know this, the rule

23:03

of law actually exists exclusively to serve private

23:05

property rights. You often hear the phrase possession

23:07

is 9 tenths of the law, but

23:10

it's actually 10 tenths of the law, right? Everything

23:12

grounds out and who owns what basically. And you

23:14

have more history of that than any other type

23:16

of law. Yes, yeah. And

23:19

that includes murder, right? Like people are like, oh, what

23:21

about murder? It's like, well, that is actually a violation

23:23

of property. It's like you own yourself. If someone kills

23:25

you, then there's retribution that needs to be sought,

23:28

essentially. My body is corporeal to

23:31

myself. That's Descartes. Yes. Second

23:33

phrase. And even in The Great

23:35

Taking, he cites that this

23:38

is upending over 400 years of

23:41

personal property rights ascribed to securities that

23:44

are traded. Like this was

23:46

just like a given amongst all of

23:48

mankind that these assets have

23:50

embedded property rights, which allows them to

23:52

trade freely at a market price. And

23:55

this is where you get back

23:57

to the root of all evil. are

24:00

central banks. Like mankind has its

24:03

faults, right? But they're kind of

24:05

parametized, right? You can't get, you

24:07

know, in the old days, you

24:10

were limited by the amount of men and swords you had.

24:12

Right, right? Here, the

24:14

whole global population has

24:16

lost control of their fate because

24:19

of the globalized financial system.

24:21

And everything is so over-financialized,

24:24

they've absconded with literally everything

24:26

people could possibly have. Like

24:28

62% of the US

24:31

residential homes are now owned by institutions.

24:33

Now, I'm not for telling people

24:35

what to do in institution or individual,

24:37

but if you

24:39

want people to have new household formation,

24:42

which is the number one driver of

24:44

GDP growth, you probably shouldn't make houses

24:46

so unaffordable. Yeah, that's

24:49

a direct consequence of fiat, right? Because

24:51

the money's not holding its value over

24:53

time. So, well, for two things, right?

24:55

One, you have to put

24:57

your purchasing power in assets that cannot

24:59

be counterfeited like real estate. Correct. And

25:02

then two, those entities closest to the

25:04

money spigot grow disproportionate to those furthest

25:07

from it. So you get

25:09

more wealth disparity and you get the

25:11

Black Rocks, the Vanguard, et cetera, getting,

25:13

well, they are the rich, they get richer, while

25:16

many further down the hierarchy are the poor,

25:18

they get poorer. And so

25:20

you end up with those large capital pools owning a lot

25:22

of this residential real estate,

25:24

which is a large driver of homelessness.

25:27

Yeah, and they don't care ever about

25:29

their principle, right? They

25:31

want the cashflow. And then the

25:33

NAV that they can then lever to get more

25:35

cashflow. And then really it is

25:38

a game of assets. Like originally

25:40

you could argue that there's an element of

25:43

benevolence to lending money for a

25:45

young couple to buy a three-two home and

25:47

start a family. And okay, even at a 4%

25:50

interest rate, they're paying double

25:52

the price every 10 years essentially.

25:54

But your credit creation is

25:56

juicing the economy by new money

25:58

supply that's at least. to a

26:00

real estate asset, and then

26:02

they've got shelter, they feel confidence, and because

26:05

of inflation, they're gonna build equity in

26:07

the home, right? So I have no problem with that,

26:10

but you go to the

26:12

QE era where there's

26:14

literally a scarcity of assets, so you've

26:16

gotta have publicly traded companies and private

26:18

equity firms pool together

26:20

trillions, then go buy giant swaths

26:22

of residential homes, making them largely

26:24

unaffordable to be purchased to get

26:26

rental income. Well, there's

26:28

a large amount of insecurity that comes

26:31

with that for everybody, where you're overpaying

26:33

for square foot, you can't build equity

26:35

in an asset, and then because that

26:37

affects your psychology, you're maybe not having as many kids,

26:40

or you're overworking so you're not taking

26:43

care of your household, it just is

26:45

a negative feedback loop. Absolutely, yeah, affecting

26:47

your psychology and just your wherewithal to

26:49

have kids and have a family, right,

26:52

if you can't, well, we've

26:54

moved from one income being able

26:56

to support a household to two barely being able

26:58

to support a household now. That

27:00

was a similar strategy. We're gonna

27:02

call it these social movements, but what

27:05

we're really doing is getting an extra tax

27:07

base and an extra income producer

27:09

so you can see how bad we're inflating

27:11

you away. Yeah, absolutely. That's

27:13

so obvious, I can't believe more people don't question

27:16

it, and largely, I'm honored to even

27:18

have these dialogues with you, because I

27:21

have no personal gain that's gonna come

27:23

from this other than creating awareness and

27:25

educating people of what is objectively factual.

27:27

Yes, so the central banking, the

27:31

central planning of money, correct, it's

27:34

an institution that exists solely

27:36

to violate the private property rights of savers,

27:38

right? It's a group that can print money

27:41

and it imposes its will on

27:43

those who cannot print money and prevents those who cannot print

27:45

money from printing money, right, by force of law. So

27:48

you print money to violate the

27:50

property rights of savers, which is the

27:52

same thing as saying you're stealing their

27:54

purchasing power, and how

27:57

is the central bank then sort

27:59

of per... permeating property

28:01

rights more broadly in this creation

28:03

of the DTCC and apparatus. Well,

28:06

so that's where they're taking your

28:08

property rights of security. So this

28:10

was well established going back to

28:12

the East India Trading Company, right?

28:15

Of your stock certificate having

28:17

embedded property rights that

28:19

entitled you to a pro out of share

28:21

of the earnings and assets of

28:24

that company. Their assets

28:26

stripping you of that. And

28:29

then when you can take it a step further and

28:31

get into derivatives and the

28:33

like, but the focus should just be on the

28:36

simple legal concepts that anybody can look up and

28:38

search and go, oh my God, David Webb, Chris,

28:40

Robert, they're correct. And there are obviously, we're not

28:42

the first ones to talk about this. There

28:45

were people in Wall Street in the 60s warning of

28:47

this, Ron Paul's warned of this. Oh yeah. So

28:49

this is not new. It's

28:52

just more prescient because we're seeing our

28:54

own government invade our

28:57

country with illegals where I have

29:00

Colombian family members who are trying to

29:02

get work permits here because obviously that

29:04

country's run by a communist similar to

29:06

Brazil and is destroying the economy. And

29:09

they've got to wait six, seven years to

29:11

get a citizenship hearing. Yet these

29:14

people are getting more welfare benefits than

29:16

any of our own Americans constituents. Like

29:18

there's no rule of law. So

29:20

we also need to point out where a

29:22

system that is forced on us

29:25

has also assets stripped, property rights

29:27

stripped us. Not

29:29

even getting into the psychological damage that that causes

29:31

or the missed wealth building. And

29:33

it's all part of the same flow up to

29:36

unsound money run by a select few. We'll

29:38

call them the protected class because that's how

29:41

David Webb describes them. And

29:43

they get to do whatever they want, whether

29:45

it's a pandemic, proxy

29:47

wars, world wars, and

29:49

we're just sitting here and it's supposed to take

29:51

it without discussing it artfully. Right. Yeah,

29:54

the also PSYOPs,

29:58

right? Mainstream media, fake news. I

30:00

would put wokeism in that category, right?

30:03

I go both ways. Like part of me,

30:05

the bleeding heart empath feels

30:07

very bad for those who are taken

30:10

advantage of, right? Cause in one sense,

30:13

I would never want to disparage anyone or make

30:15

anyone feel bad for who they feel they are.

30:18

But that doesn't mean you can endure objective

30:21

facts, right? And

30:24

it's almost like the Hippocratic oath, which obviously

30:26

almost none of the allopathic medical system followed

30:28

in the last four or five years. Do

30:30

no harm. Do no harm. Yeah. And

30:33

that's kind of a liberty principle. It

30:35

used to be called a liberal principle.

30:37

Like if you were Hyac Mises Murray

30:39

Rothbard or Ron Paul, you were liberal.

30:41

Now it's associated arguably with communism

30:43

and collectivism. Right, with big government. Yeah, it

30:45

used to mean low to no government. Now

30:47

it's big government basically.

30:50

Right, and collectivism only leads

30:52

downhill. Literally, if

30:54

you're Carl Jung, the

30:57

psychology of those who want to tell people

30:59

what to do and coerce them into action

31:02

is literally one of envy and insecurity. Plain

31:05

and simple. Yeah,

31:08

so what is the

31:10

root of this? And we're

31:13

saying is central banking. The

31:15

central bank then violates savers property

31:18

rights up until a point, but

31:20

it's also using the proceeds that

31:22

it is extracting from people to

31:24

set them up for further extractions

31:27

via the DTCC slash great taking

31:29

model here. Correct. What

31:31

is the, is this just rooted in

31:33

the broken incentives of the monetary system?

31:35

Like do you think it is a

31:38

matter of if we abolish the central

31:40

bank, say today, would this

31:42

problem resolve itself or how, what is

31:44

the? Largely, yes. Okay.

31:46

But procedurally, you need a little

31:48

more work because then what people need

31:51

to understand is that laws

31:54

always have revisions. New precedents

31:56

is established in the court system and appellate

31:58

court system. But this process, and then permeated to

32:00

Europe and Japan. So this

32:02

is a global coordination of loss of

32:04

property rights. I

32:07

have my own views and conjecture on why they did this, what

32:12

agenda is it serving, but largely it's

32:14

just asset stripping and property stripping. I

32:17

mean, it cannot be summed up greater

32:19

than what Klaus Schwab said. You'll

32:21

own nothing and you'll be happy. That's

32:24

such an insane statement, but

32:26

all these globalist transhumanists have

32:28

no soul, have no soul. They don't even believe we have

32:30

souls and spirits. I mean, those are direct quotes

32:33

from some of the other ones at Davos. And

32:35

I don't understand who would want to rule

32:38

over a horribly depressed, permanently

32:42

fearful society that's not productive,

32:45

not producing such beauty that humanity has produced in

32:47

the past. Yeah, and

32:49

both of my mind, especially when I

32:51

hear the overpopulation narratives, I'm like, these

32:54

people are clearly ignorant of economics because

32:56

the larger the population, actually, the more productive

32:59

we would all be, to

33:01

the extent there's a free market allowed to flourish

33:04

because you would have a larger and deeper division of

33:06

labor. So in

33:08

theory, productivity

33:11

or GDP per capita would be increased

33:13

as the population got larger, not diminished.

33:17

Yeah, there's a 0.94 population in a new

33:19

household formation. Yeah, but

33:21

there's this weird Malthusian mind virus that thinks, well,

33:23

we need to take down the population to save

33:25

the planet or save the species or

33:28

both, but it's... Well,

33:31

throughout a whole of history, the

33:33

worst deeds and genocides have

33:35

been done for the great Turk

33:38

good. Right. You can recite over

33:40

and over again, right? Yeah. Like,

33:43

look at the Bolshevik, so-called

33:45

Bolshevik revolution, where none of them were even

33:48

really ethnic Russians. They

33:50

slaughtered 10 times the amount of people that

33:52

died in the Holocaust. And

33:54

how did that happen? Well,

33:56

right after World War I, or really during

33:58

the end. of it is when it was

34:01

orchestrated, the beginning of

34:03

it were orchestrated. I

34:05

just don't understand how they've

34:07

been so successful at

34:10

diverting people's attention away to not even

34:13

see what's happening in front of them

34:15

or in the very recent past. Because

34:17

usually if you look at the fourth

34:19

turning and you look at historical cycles,

34:21

it takes a long time for people

34:23

to forget who they are and somehow

34:25

from 1913 to now. And

34:28

really from 71 to now, where

34:33

you've offshored all the industrialization of

34:35

the country, assets stripped, America you've

34:37

indebted at 35 trillion. Listen

34:42

folks, that is never going to

34:44

be paid back and was issued,

34:46

never intended to be paid back.

34:49

I don't understand how people are not discussing

34:51

this and just blatantly telling the truth. Because

34:55

Robert, we

34:57

issue debt in a currency we print, that

35:00

we pay interest on a currency that we print, that

35:02

we burden our population with taxes

35:05

that we collect, but we spend way more than

35:07

we collect in taxes. It is so insane. It's

35:10

like, hey guys, there's Bitcoin

35:12

over here, this is pristine collateral. You

35:15

don't even have to really fully

35:17

understand what it offers you

35:19

other than a digitalized gold

35:21

that you could also store your

35:23

wealth in, like gold that's more

35:25

portable. You can get into

35:27

all the magic behind the no

35:29

double spend and the 21 million

35:31

fixed supply, the distribution of miners.

35:34

But it's really just freedom of

35:36

choice wrapped up in technology. Yeah,

35:39

I mean, even just

35:41

the simple fact of owning something that can't

35:43

be confiscated from you or that you can

35:45

custody yourself, a very

35:47

defensible bearer asset, that

35:50

alone has value, right? Even if it's

35:52

volatile, whatever other challenges you

35:54

may have with it. Is it volatile,

35:56

one Satoshi's one Satoshi? Yeah, well, I

35:58

mean. I specialize

36:01

in volatility, not to brag. And

36:04

it's an asset class in and of

36:06

itself, right? And to

36:08

see how successful this

36:10

is, this is, shit, at

36:12

it. This

36:14

is permeated both

36:17

the philosophical and

36:19

the spiritual and the financial. It's

36:22

really unbelievable, right? There's

36:26

just so much benefit that reminding

36:29

people who they are through

36:31

this process of discovering Bitcoin. And then

36:33

as Hayek said, the only way you're

36:35

gonna get out of the unsound

36:38

money system is a private

36:40

money system that's done by the sleight of hand. And that's

36:42

what happened 14 years ago. It's

36:46

like the cypherpunks, Hal Finney

36:48

and others created this. And

36:51

it was tried before, David Chom, right? Tried it

36:53

before and really perfected

36:55

it. And now we see evolution.

36:57

Like if you and I were sitting down two, three

36:59

years ago, oh, we got layer two on

37:02

top of it. And then exactly what

37:04

it was designed to do, it was

37:06

not designed for currency. It

37:08

is collateral. It is the central

37:10

bank replacement. It will anchor the

37:12

planet as the trust is permissionless,

37:15

immutable collateral with which all

37:17

transactions can happen without fees

37:19

and usury that is basically

37:22

stolen from us every way from

37:24

Sunday. Inflation, credit card

37:26

fees, interest. Every

37:28

part of human activity is stolen from.

37:31

And then ask why, why Robert? Because

37:34

there's a global bank elite protected class

37:36

that doesn't want to actually produce anything

37:39

and feed off the energy and spirit

37:41

of others. Bitcoin doesn't wanna

37:43

do that. It actually feeds off

37:45

electricity, which is part of its

37:47

intrinsic value. Yeah,

37:50

so you

37:53

see, see the, you had these UCC codes

37:55

here, the 94 revisions and

37:58

the safe harbor assurances. what

38:01

does this have to do, I guess is there

38:04

a way for

38:06

people to protect themselves? If anything is, you

38:08

know who the safe harbors for? No.

38:11

The freakin' creditors. And

38:14

it's just sleight of hand. Hey, hey, take

38:16

these 87 jabs, they're safe and effective. I

38:19

mean, it's so brilliant, by the

38:21

way, right? If I'm up at the

38:23

ivory tower or the printed

38:25

tower in the Eccles

38:27

building, I'm just laughing at how gullible people have

38:29

been. No one reads a fine print. And

38:32

you know there's so many instances of this. You've

38:34

got how many congressmen

38:36

and women actually read the thousand page

38:39

bills that they pass every

38:41

day? None, they don't even know what's in it.

38:44

Their lobbyists tell them, here's what's in it. There's

38:46

no fact checking, very few, I don't

38:48

wanna say all, very few underwrite them

38:50

properly. I think recently Thomas Massey and

38:53

Rand Paul have done a great job of that

38:55

and I'll give them credit. But largely, no one's

38:58

paying attention to anything. Part of

39:00

it is poison, food

39:02

supply, water supply, air supply. And

39:05

then part of it is indoctrination, propaganda,

39:07

and psi-up level warfare. You

39:10

interviewed Dr. Desmond

39:13

and he called it mass formation psychosis, which I

39:15

happen to agree with. So

39:18

what is it that people can do then,

39:20

you said these safe harbor protections are for

39:22

the creditors, not the

39:24

borrowers. Just like they frame

39:27

the Patriot Act, what did they do

39:29

with the Patriot Act? They stole Patriots

39:31

liberty, like straight up. And

39:34

then every single thing is a sleight of hand.

39:39

And like Europe followed right after this

39:41

and so did Japan. Well, how

39:43

did the same laws and provisions get adopted

39:45

globally? Well, in

39:47

both of those regions, most of the people

39:50

are bureaucrats and not elected officials, right?

39:52

And come to find out most of

39:55

our so-called politicians are found

39:57

the same way. It's two

39:59

wings of the same. bird. There's a

40:01

dozen or so people who are on

40:03

the fringes of each. You know, like

40:05

Bernie Sanders on the Democrat side and

40:07

like a, a Matt Gaetz or a

40:09

Rand Paul on the Republican side. What

40:12

did, I mean, but people

40:14

that want to own things and

40:17

be happy, how

40:20

can they prepare or protect themselves from the

40:22

encroachment on their property

40:26

rights by this great

40:28

taking slash DTCC model? Like

40:31

how do you actually own things or is, or

40:33

can you? It's got to be

40:35

multifaceted. Um, but that, that's a great question.

40:37

Cause I've, I've actually been a, you

40:39

know, kind of semi-prepper for a long time. I'm

40:42

a skeptic by nature, a contrarian bear by nature,

40:44

which you know, and now, you know, I have

40:46

an eight and 10 year old, I'm trying to

40:49

protect and hedge all the situations that

40:51

I can, whether it's an autonomous house

40:53

with, you know, water and, and

40:55

solar and wind and natural gas generator, you know,

40:58

doing what you can as a good father and

41:00

husband to protect your wife and kids, um,

41:03

and using your resources to, to hedge. It always

41:05

costs money to hedge. So I think

41:08

we can't just convert

41:10

Fiat into Bitcoin. There needs

41:13

to be an activist level where

41:15

it can be communal. Um, it

41:18

can be legislative, it can

41:20

be political and more people

41:22

need to not just demand, but,

41:24

but coalesce to, to

41:27

make essentially new laws, because

41:30

we can't upend this by,

41:33

by will, right? It has to be strategic. It

41:35

has to be tactical. And we have to meet

41:37

their force with our force of good. So

41:40

first steps have to be converting into

41:42

things like, like gold, Bitcoin, whatever

41:44

weights of that that makes sense to you

41:47

as I'm not here to, to advise on

41:49

that, but at least that's taking

41:51

your money out of the way of the

41:53

banking crisis. Like even if you don't want

41:56

to dive into the minutia of counterparties, the

41:58

re-hypothecation of collateral, what collateral. gives you

42:00

10 cents on the dollar, one gives you 0 cents

42:02

on the dollar, you at least know that the banking

42:05

system is largely insolvent. And

42:07

if they, how the tell is gonna

42:10

come in my opinion, they've bailed

42:12

it out every

42:14

way from Sunday. The moment they

42:16

don't, it's because they don't want to. And

42:18

they're ready. I

42:20

would argue because the CBDC is

42:23

ready to roll out in the next six

42:27

to 18 months, that'll be the

42:29

tells. Oh, we have bank failures and they're

42:31

not. Bailing them out. And oh, what's

42:33

about to come next? So I think by then

42:35

it'd be too late. So

42:38

I think strategically

42:41

positioning yourself out of that

42:44

is step number one. I

42:46

also know there's different states that have different

42:48

homestead laws. Florida, we're

42:50

gracious enough to be here,

42:53

and you can't lose your house if

42:55

you've homesteaded in either a corporate or

42:57

personal bankruptcy or liability. That's

42:59

one way to protect yourself, ensure you're aware of

43:01

your state laws. And

43:03

then I think the best is always community.

43:07

Both faith-based and regional. Know

43:09

your neighbors, have communication

43:12

plans. And I don't know

43:14

how much you want me to dive into this, but

43:16

obviously food stores, two-way

43:19

radios to communicate, backup,

43:21

freezer refrigeration, dry

43:23

food. And it doesn't harm

43:25

you to take the time to do that.

43:28

With focus, it'll take a few weeks. And

43:31

learning how to use a ledger or

43:33

any other quality hardware to store

43:36

your Bitcoin, takes 10, 15 minutes. Read

43:38

the directions, don't be a moron. And

43:41

focus. But people don't even want to

43:43

put that effort in. And I

43:46

continue to plead with billionaires

43:48

and institutions, hey, n

43:51

number of percent of your portfolio should

43:54

actually be your portfolio. Right, right, right.

43:56

With no counterparty risk. So

43:58

then you're saying that. stocks,

44:01

bonds, anything, any

44:04

financial security that is custody,

44:08

you cannot have an inviolable property

44:10

right in, so you don't actually

44:12

own it basically. It's held in

44:15

street name, yeah. So what does

44:17

that mean exactly? That means that you don't

44:19

directly own it and that someone at the

44:21

stroke of a pen can take it away

44:23

from you. It's not just stroke of a

44:25

pen, right? There has to be an event,

44:27

largely some sort of credit or bankruptcy

44:30

event where the

44:32

colla- your collateral has been pledged to one

44:34

of these centralized counterparties that's

44:36

part of this protected class and

44:38

that event protects them through

44:41

these safe harbor provisions from having to

44:43

return it to you. Gotcha. And

44:45

there's no custodians that don't

44:47

participate in this game? Um,

44:50

there is a few, yeah, but

44:53

I'm not up to

44:55

speed on exacts. Okay. I

44:58

know there's definitely those with layers,

45:00

yeah, and I don't want to

45:02

misspeak and advertise for one versus

45:04

the other. But people should at least

45:06

try and redefine print and find the

45:09

custodians that are not re-hypothecating their securities

45:11

or lending out their securities to other

45:13

counterparties. Correct. It'll be nearly impossible to

45:15

find because it's less than a half

45:17

dozen. Wow. Yeah. Okay.

45:22

And they

45:24

literally give secured

45:27

creditors legal certainty

45:29

to client assets. Legal

45:32

certainty. So I challenge

45:35

all lawyers to go rife through this

45:37

who are listening and, you

45:40

know, learn. I mean, I- any

45:42

bankruptcy code class or

45:45

a bankruptcy lawyer should be able to pick this up really

45:47

quick. Right. What

45:49

is this, uh, you

45:52

have legal harmonization as it pertains to

45:54

the Hague Convention Law in 2002, 2006? This is how it moved

45:56

from beginning

45:59

in 64- for in

46:01

the United States and 73

46:03

with the establishment of the DTCC, then

46:06

they moved to achieving

46:08

it across Europe. And because

46:10

the EU, you could argue

46:12

the EU was largely formed exactly to

46:14

do this, right? Web

46:17

articulates that much better than I could hear,

46:19

but when you look at the timing and

46:22

it beginning 2002, 2004,

46:24

I believe, the

46:26

dematerialization and removal of property rights

46:29

almost instantly kicked off as soon as

46:31

the Euro was established,

46:34

the EU. So,

46:36

and then I think it finalized in

46:38

2014 largely, and

46:41

also occurred in Japan. Isn't

46:44

this, I mean, this is such a

46:46

deep problem. I talk about property rights all the

46:48

time on the show, and I find it mind

46:51

blowing that more people don't

46:53

concern themselves with this principle,

46:56

this unifying principle of civilization, because

46:59

it is the entire purpose

47:01

of government, right? It's to

47:03

defend life, liberty, property, right?

47:05

Which properly understood all of those things are property

47:07

if you consider that you own yourself and your

47:09

freedom is yours and all of this. Even Hobbes

47:12

said that in Leviathan. Yeah. Yeah,

47:14

John Locke reiterates that. You

47:16

literally basically quoted the best way to

47:18

say it. So if the

47:20

entire purpose of government is then to

47:23

defend or preserve private property, yet

47:25

we are having direct attacks on

47:27

it via the central bank. And

47:30

now, I don't know what you would

47:33

describe this as, it's like setting

47:36

owners up for further violations of private

47:38

property, right? Where anything that they own

47:40

in their brokerage account or in their

47:42

bank can just be seized within the

47:44

right conditions, right? With the right crisis.

47:47

But the crisis is, you know, what's

47:50

the old quote? That if you give governments

47:52

more power in every emergency then they're gonna

47:55

create emergencies to gain more power. Right? That's

47:57

where we are. You're creating an incentive

47:59

for government. governments to engineer crises to

48:01

seize more power. And now

48:03

the, this centralized custodial

48:06

construct allows them to take

48:08

even more power in a crisis.

48:10

So then they have even more of an incentive

48:13

to engineer these crises. And then they, they're never

48:15

going to get blamed on it. Oh, your

48:18

caterpillar stock has gone. Your GLD

48:20

gold ETF is gone because Putin

48:22

bombed, all right,

48:24

you know, Tallahassee, right? Right. When

48:26

you know, there's no correlation in

48:29

maybe the price market price to go down because

48:31

of fear or the markets might be closed, but

48:35

he didn't take it from you, right? Yeah.

48:38

And, and, and largely it's to never admit

48:40

to what they've really done. And

48:42

Andrew Jackson actually articulated this

48:45

immensely, immensely well

48:47

before he died. His entire fight

48:49

was against the central bank. His

48:51

quotes, Tennessee boy. Yeah. He just,

48:53

and all the, all the patriotic

48:55

Americans, they literally formed this country

48:57

to avoid this. And

48:59

then, you know, I wanted to

49:01

discuss John Locke because where are Liberty

49:04

and property, right? I deals come from

49:06

is him. And you go back to

49:08

Cicero and the stoics, right? What created

49:11

men's diet? The dialogue we're having now

49:13

is actually correlated to central banking. It's,

49:15

it's the debasement of currency that leads

49:17

to good men discussing all of what

49:22

goes into being free, all of

49:24

what goes into having property rights and liberty.

49:26

And then you go to 1690, 1695, John

49:29

Locke's actually pulled in to consult to

49:32

the coinage crisis, right? So they do

49:34

base it very similar to Rome. And

49:36

what's amazing is that this, this

49:38

reaction in the UK to this

49:41

loss of purchasing power was only

49:43

20%. And

49:45

then you see what's happened in Argentina,

49:47

Venice, whether Lebanon, Russia, China, you asked,

49:50

I mean, you asked in just four

49:52

years, we lost 48% of our purchasing

49:54

power. Right. No, it's upset at that. Yeah.

49:57

Is it, what did we have a revolutionary war over?

50:00

What was that? And

50:03

imagine you're at the top of the tower

50:05

going, guys, hey Robert, when are

50:07

they gonna act? They know, we

50:09

just told them you're gonna own nothing and be happy.

50:12

Now they've lost like half and they're still not

50:14

reacting. Guess what, we're right. They're gonna own nothing

50:17

and be happy. So,

50:19

okay, now this is a great point. 20%

50:22

loss of purchasing power spurs guys

50:25

like John Locke. Yeah. You can imagine,

50:27

right? Okay. 40 plus percent

50:29

loss of purchasing power over the past four years

50:31

has spurred nothing. I mean, there's some people waking

50:33

up, but we haven't flipped

50:36

the tables yet, so to speak. And

50:39

then you have this gentleman, I forgot his name, but

50:41

he gave, was giving a commencement speech

50:43

at one of the universities and he brought up

50:45

this issue. It was Oklahoma OSU or something like

50:47

that. Yeah, and he brought up, well, the issue

50:50

of debasement, central

50:52

banking, loss of purchasing power, and

50:54

then introduced Bitcoin as a potential

50:56

solution to that and was booed

50:59

by college students,

51:01

basically, I presume. We call that Stockholm. So

51:03

that's what I was gonna say is like,

51:05

what is the problem? Like if men

51:08

in the age of John Locke were able to have

51:10

20% of their purchasing

51:12

power siphoned away and that would

51:14

trigger this movement to rectify it.

51:17

How is it we're having more of our purchasing

51:19

power siphoned away, yet

51:21

no one's, but we have people

51:23

booing people talking about Bitcoin as a solution. Have

51:26

we debased our education? Have we, people

51:28

don't understand money? Like what's going on

51:30

here? Unlike the fourth

51:32

century when Rome fell, unlike

51:35

the late, the early 17th,

51:38

the coinage crisis here, you

51:42

really largely had a healthier, braver,

51:45

more courageous, more passionate

51:50

constituency. It's not a nice thing

51:52

to have to say, but I

51:55

think you'd do equal blame, right? 50%

51:57

my fault, 50% the overall. for

52:00

Lord's fault. People now have

52:03

been propagandized,

52:07

malnutritioned and

52:09

poisoned, both spiritually, ethically and

52:13

physically to where they

52:15

would cheer them

52:18

in so far as, boom, but dude, the Nazis, right? They

52:20

had these big beautiful marches in downtown and

52:23

they all thought they were doing the great

52:25

work. So it's always through this

52:28

maniacal debasement, debt

52:31

and death spiral that leads

52:34

to these psychotic episodes largely.

52:36

And they either end in

52:38

genocide and war, or

52:40

war both, or some concoction of all of the

52:42

above. Either way, it's a giant asset transfer to

52:45

the central banking protected class,

52:48

at least since Napoleon, right? Because that's what's

52:50

occurred. And you look at

52:52

how all people have to do to cite

52:55

where this began was when

52:57

the Bank of England was confiscated after

53:00

the Battle of Waterloo. Can you talk about that? Yeah,

53:03

essentially, this is well

53:06

documented history. A

53:08

runner was sent to

53:11

report back the wrong result of

53:14

Waterloo and the guilt, the guilts which were British songs.

53:16

And this was a war between the French and the

53:18

English, right? Correct, Battle of Waterloo. And

53:20

largely it was orchestrated to execute

53:22

the last remaining patriots of France,

53:25

which was why he was brought

53:28

back. And

53:30

I can't speak to whether Napoleon was

53:32

conscious of that or not, but either

53:34

way, he was exiled right after again.

53:37

So it was reported back essentially

53:41

that England had lost. Right, to

53:43

England was reported that England had lost,

53:45

right? Everything crashed,

53:49

Nathaniel Wachow bought everything. And

53:51

then there you go, he took over the Bank of

53:54

England. And then the day, so a day, the

53:57

debt of England collapsed because the

53:59

news... that they had lost the war.

54:02

And then Rothschild's family, maybe some others,

54:04

I'm not sure, bought up. Yeah, it

54:07

wasn't just one. It was a big

54:09

collusion. Bought up all of this collapse.

54:11

And then people actually were cited seeing

54:13

that and it turned the market the

54:15

other way. They're like, oh, they're buying

54:17

this. That means, and they didn't actually

54:20

know that that was a falsely reported

54:22

result. So the whole origin of modern

54:24

central banking that started on that event

54:29

is directly based

54:31

on a false reporting of the battle of water. And

54:33

then it was what, 24 hours later that

54:36

the actual news came through. England

54:38

had won, so then their debt skyrocketed

54:40

and by then, well, they're holding all

54:42

the cards. Isn't it

54:44

interesting that the, it's

54:48

like an information, that the latency

54:50

of an information system basically gave

54:53

rise to this arbitrage opportunity that

54:57

central bank shareholders exploited

55:00

to capture the whole thing. All

55:02

right, it's so fascinating that that

55:04

wouldn't fly today. I mean, that

55:07

particular strategy, maybe there's some

55:09

other version of it, but the

55:11

fact that we didn't have digital communications back

55:13

then. Well, I mean, what happened

55:15

during COVID? They fired

55:17

off like eight trail and

55:20

everything was collapsing. Where did they get the

55:22

eight trail? Right, right, right.

55:25

But that's something they can do when they've already

55:27

monopolized the financial system, right? As they can just

55:29

print money. And then as long as people don't

55:31

understand what money printing is. Right,

55:33

and so how did the Federal Reserve come to

55:36

control our money supply? Well, it was a

55:38

fight since 1776, right? You

55:41

had the first bank in the United States, and

55:43

then when you didn't renew their charter, you had the war

55:45

of 1812. We

55:47

won that, it got extended, then Andrew Jackson

55:50

gets in, he fights it. And

55:52

you know, we get all the way. And he

55:54

got rid of the second bank of the United

55:56

States, right? Who killed Lincoln? Oh,

55:59

cause Lincoln Green. greenbacks, like, okay, and then we

56:01

get to 1913, and

56:03

it's during good Christmas holidays that not

56:05

a majority pass

56:08

this Aldrich plan is what it was

56:10

originally called. And

56:13

they largely sunk a lot

56:15

of their opposition that was on the... The

56:17

Titanic. Yep, and here

56:20

we are. Wow. And

56:22

then what happens right after that? World

56:24

War I. Yeah, literally the next year.

56:26

And this inception of the IRS too.

56:28

And the Bolshevik revolution. I do. Holy

56:31

cow. That one, this is

56:33

why it's so important to

56:36

read the words of like an Andrew

56:38

Jackson, and a John Adams

56:40

and Jefferson and Madison, and a Washington,

56:42

and a John Ruck, and a Carl

56:44

Jung, and a Thomas Hobbes, and a

56:46

right now best modern economist on the

56:48

planet, national treasure Thomas Sowell. All

56:51

we're really doing is

56:54

regurgitating and restating

56:57

natural law. That's

57:00

what we are discussing here, is natural

57:02

law. And what is natural law?

57:06

Property rights, really just

57:08

rights endowed by our creator. And

57:13

it's essentially those rights

57:15

that govern free men and women.

57:17

And essentially what it boils down to is do whatever

57:19

you wanna do, just don't create a victim. I

57:22

will respect your property, you respect my

57:24

property, and that property can mean a

57:26

number of things. Right, yeah, your physical

57:29

integrity of your body, your freedom, your

57:31

stuff. Your

57:33

spouse, your children, your chair, wheat

57:36

crop, your pigs, all of that. Yeah, and

57:39

this is something that runs really deep. That's

57:41

the other thing that blows my mind that

57:43

maybe it's because it's so latent in

57:47

us, like it's such a

57:49

latent programming. A two year old understands property, right?

57:51

They go and take their toy and they're like,

57:53

they'll throw a fit, right? Bees

57:55

understand property. Go hit a beehive with a stick

57:58

and see if they don't understand property, right? they're

58:00

going to sting the shit out of you. Yet somehow

58:03

in our overly propositionally

58:05

intelligent yet procedurally

58:08

retarded world, if I may say that,

58:10

we've gotten way too in the head

58:12

and we've forgotten like the very basic

58:14

things of just human interaction. We've

58:18

gotten away from an appreciation for

58:20

private property and how important it is

58:22

to the cohesion of society. You don't

58:24

have a society without property. Right.

58:27

Period. And it's the point

58:29

of society. And you can see here, it's

58:32

heartbreaking to see what's happening at

58:35

these prestigious universities. If you went

58:37

back to the fifties, not only did people

58:40

not tattoo themselves all over the

58:42

place, we have purple hair and

58:44

look like degenerates, they wore suits,

58:46

they had values. It didn't matter

58:48

your frigging ethnicity or religion. You

58:51

had manners, you had values, you had

58:53

roles, and people were, even

58:55

when the bailouts, the so-called bailouts

58:58

of, you know, Hooverville and FDR,

59:00

people were too proud to even

59:02

initially take that money. Do

59:05

you think people would not line up today

59:07

to take money from the government, which is really taking money

59:09

from their neighbor? No. No. And

59:12

that loss of values, again, I would attribute

59:14

50% to us, the

59:17

constituent Americans, and 50% to

59:19

those who are inflicting the

59:22

propaganda, the malnutrition, the

59:24

proxy wars, because largely, you get

59:26

to World War II. Why

59:31

is that generation called great? Because

59:34

they thought they

59:36

were sacrificing themselves so that

59:38

their children and grandchildren would

59:41

not have to face what we are

59:43

facing right now. And

59:47

it is very dystopian

59:49

to think about dystopian

59:51

to think about the vectors

59:54

with which we've been controlled and manipulated

59:56

to get to where we are now,

59:58

where at prestigious universities, 18

1:00:01

to 22 year old kids and yes, there's the paid

1:00:04

constituents from Soros and et al

1:00:06

and globalists that rabble rousing. But

1:00:08

like for those kids to tolerate

1:00:10

that, when they're

1:00:12

all the same, everybody's the same, right?

1:00:16

It's just disgusting and it's the divide

1:00:18

and conquer agenda to don't

1:00:20

look over here while we're preparing

1:00:22

another pandemic, we're funding two proxy

1:00:24

wars in two different countries, destroying

1:00:26

people's history. We're

1:00:30

not even getting to see really what's happening

1:00:32

in Ukraine and

1:00:34

then obviously you haven't seen any of

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the footage from the recent Rafa movement

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discount code breedlove. You've

1:03:26

mentioned Thomas

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Hobbes and his book Leviathan.

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Correct. You mentioned Cicero and the

1:03:33

Stoics. What

1:03:36

is it about those thinkers or

1:03:38

other thinkers? Feel free to go wherever

1:03:40

you like, those who have influenced you

1:03:42

and your thinking. What

1:03:45

is it about their views

1:03:47

of private property, civilization, humanity,

1:03:51

that we are failing to take into

1:03:53

account today, that people don't understand today?

1:03:55

What is it that we've lost in

1:03:58

the midst of history? That's

1:04:00

a great question. And I'll

1:04:03

give you a little bit of my process

1:04:05

to coming to awareness.

1:04:08

So you first read them,

1:04:10

and you're like, wow, it's fascinating,

1:04:12

fascinating, fascinating. Cicero's obviously way before

1:04:14

Thomas Hobbes, who's before Thomas

1:04:18

Jefferson, who's before Ron Paul.

1:04:22

Largely, they're reiterating

1:04:24

the exact same themes and principles.

1:04:28

And then I finally realized, why are they

1:04:30

doing that? Oh, there's a direct correlation to

1:04:33

the loss of property rights, the basement of

1:04:35

currency, and then, hey, we feel bad enough

1:04:37

to act now to defend ourselves. Literally,

1:04:40

that's why these occur. Then

1:04:43

you look at the distances between them, and

1:04:45

there you have the fourth turning, which Strauss-Halle

1:04:48

articulated so perfectly. They

1:04:50

also line up with these K-wave cycles,

1:04:52

these longer economic cycles. So

1:04:55

for me, it was

1:04:57

seeing that correlation between events that

1:05:02

drove these authors and

1:05:04

philosophers and economists to

1:05:06

reiterate what to me

1:05:08

has to be natural law. And

1:05:12

really, the Greeks and Romans

1:05:14

formed what we call

1:05:17

modern society. Well, what happened

1:05:19

to Sparta? The

1:05:22

civilization of Sparta, and then the one that

1:05:24

was in Katagot, I really

1:05:27

would aspire to live like that. I

1:05:29

like, not necessarily rigidity, but I

1:05:31

like rule of law, I love rule of law. And

1:05:34

there was that equality of opportunity, not

1:05:37

equality of outcome, which is forced and

1:05:39

coerced, that just created

1:05:43

great conditions. And

1:05:46

then the old adage, weak

1:05:48

men create bad times, bad times

1:05:51

create good men, good men create,

1:05:53

strong men create good times. And

1:05:55

that's literally just been repeating itself. I

1:05:58

think there are major historicals, historical differences

1:06:00

with the introduction of

1:06:03

the central banking system. But regardless,

1:06:05

it's all rooted in a centralized

1:06:07

system that's been co-opted. Right.

1:06:09

Rome was taken from the Romans. Right.

1:06:12

There were not ethnic Roman

1:06:14

Italians running the Senate by the time

1:06:17

it fell. So

1:06:21

all these all these iterations are almost

1:06:23

identical. So were there I know

1:06:26

you told me about this college professor.

1:06:28

I think that you had that had

1:06:31

you read a set of books. Like

1:06:34

I think Leviathan was one of them. Emory

1:06:36

in my undergrad. Yeah. It was actually a

1:06:38

track in the history master's track that I

1:06:40

was able to get into. And this obviously

1:06:43

sets you on a very, I assume,

1:06:46

libertarian trajectory and your thinking

1:06:48

and your being reading. I

1:06:50

mean, how could you not reading a book like Leviathan? Yeah,

1:06:55

that really shocked it into me. What are

1:06:57

the I mean, what are the

1:07:00

core lessons or principles that

1:07:03

you absorbed from going through those?

1:07:07

Maybe you could mention a few of the authors, a few

1:07:09

of the books and what you got from them. What what

1:07:11

have set up I think

1:07:13

is really articulated

1:07:15

real well in Hayek. And

1:07:19

I've put some quotes on there and like, how do you

1:07:21

define liberty? How do you find freedom? And

1:07:23

really, both are largely

1:07:25

defined by your ability to act

1:07:28

without being affected or coerced by my

1:07:30

will. That's what

1:07:33

freedom and liberty are. And that's

1:07:35

why the the motif or

1:07:37

motive of decentralization naturally

1:07:40

protects against infringements

1:07:42

upon liberty and freedom. Right.

1:07:45

And of course, you're not going to curve

1:07:48

fit or solve for every human

1:07:50

frailty. Sure. It's not possible. But

1:07:53

when you look at periods like

1:07:55

the Renaissance and Enlightenment, they occurred

1:07:58

directly because of the. fall

1:08:00

of one and the decentralization that

1:08:02

occurs after the fall of centralization.

1:08:04

There's a direct correlation to

1:08:07

creativity, innovation, and

1:08:09

freedom post apocalyptic

1:08:12

debasing event. So

1:08:14

if we know centralization and

1:08:17

debasement is bad, and

1:08:19

we know decentralization is good, probably

1:08:22

through our own free will, we

1:08:24

should choose decentralization. And

1:08:27

throughout our history, it's been taken away from us.

1:08:29

Right. And

1:08:31

when you say decentralization, I mean, we're saying something

1:08:34

like a symmetry of,

1:08:37

well, first of all, equality in the eyes of the

1:08:39

law. That would be one form of decentralization. A

1:08:42

symmetry of power projection capability, right? You don't

1:08:44

want one group of people holding all the

1:08:46

guns and one group holding none, because that

1:08:48

creates a giant incentive for those with

1:08:50

guns to steal from those who do not have guns. So

1:08:53

we're talking about this, again, the

1:08:56

motif of the level playing field is

1:08:59

the essence of decentralization, right? And so when

1:09:01

you do the opposite of

1:09:04

that, right? You give few people all the

1:09:06

guns or few people are treated differently by

1:09:08

the law, then all of the sudden you

1:09:10

get this exploitation, right? Of the many by

1:09:12

the few. Wouldn't have to be

1:09:14

the few necessarily, but it usually is. Right.

1:09:17

And then from there you get all the other vectors of corruption

1:09:19

that occur. Right. Right. And by

1:09:21

the end of that process, you result in

1:09:23

no values in society. Right. And

1:09:26

the social cohesion that is formed naturally

1:09:28

by property rights breaks down completely. Yes.

1:09:31

Rand has a great quote on this.

1:09:35

Yeah. In Atlas Shrugged. In Atlas Shrugged.

1:09:37

I know when you're thinking about it. One force

1:09:39

becomes the means by which men deal with one

1:09:41

another, then the murderer wins out

1:09:43

over the pickpocket and that society vanishes in

1:09:45

a spread of ruins and slaughter. It's

1:09:48

like once you. Good job quoting it. Once you stop

1:09:50

having reason via

1:09:52

the arbiter of our negotiation and consent. And

1:09:56

we say, Oh no, it's whoever's got the bigger club or

1:09:58

the bigger gun. Well then. guess what,

1:10:00

everyone's going to play by that rule. And

1:10:03

you're not going to have any more division

1:10:05

of labor, productivity, peace, cooperation,

1:10:07

like it vanishes. And

1:10:10

so this is what we're fighting

1:10:12

for, right? Just equality in the eyes of

1:10:14

the law, decentralization

1:10:16

in general, which is the

1:10:18

symmetry of power projection capability

1:10:21

as enshrined by the second amendment in the

1:10:23

United States, right, first amendment, freedom of speech,

1:10:25

second amendment, right to bear arms. And

1:10:28

that was really, I mean, this is what made

1:10:30

the United States such a successful economic story, right?

1:10:32

Is that we were the most decentralized

1:10:34

governance model to date, that we were

1:10:36

a constitutional republic as we were founded,

1:10:38

not as a liberal democracy. And

1:10:41

that's what let the market, the

1:10:43

free market flourish here more so than it had anywhere

1:10:45

else in the world up until that point. That

1:10:48

run that we had 1789 onward,

1:10:52

it's never been matched before. And we think,

1:10:54

oh, look at all these tech gadgets

1:10:56

itself. We've

1:11:00

made bullshit technological advancement since then.

1:11:02

The only good technological advancement that

1:11:04

I think's happened in our lifetime

1:11:07

is Bitcoin. Everything's

1:11:09

been a fucking illusion. And

1:11:12

when you look at like cotton gin printing

1:11:14

press, like printing press, getting the written word

1:11:16

to everybody, these things were

1:11:18

technological advancements, not what

1:11:21

I would argue are coercion and

1:11:23

manipulation tools disguised as some fancy

1:11:25

screen. But

1:11:29

largely like articles of

1:11:31

federation, the constitution are

1:11:33

the decentralization documents. And

1:11:39

people don't even know what either

1:11:42

really say. And then our government doesn't

1:11:44

even follow the constitution. And I

1:11:46

feel like because America

1:11:48

has been the beacon, there

1:11:51

has been that very purposeful mode

1:11:55

of destroying this country. So

1:11:57

that the weaponization of SIOP

1:12:00

can be directed through the remainder of the world, the

1:12:03

purposeful oppression of the emerging markets

1:12:05

and developing economies. They've

1:12:07

never let them hit any escape velocity since

1:12:10

really the 70s. And

1:12:12

do you think workers chose to send

1:12:15

all of the car

1:12:17

manufacturing out of Detroit? Of

1:12:20

course not. Do

1:12:22

we choose to get rid of all of

1:12:24

our localized farms for conglomerates that then were

1:12:26

filled with glycosphate and all, God knows what

1:12:29

GMOs. None

1:12:31

of that was choice. It was sleight of hand. All

1:12:34

of that is correlated to the central bank. So

1:12:38

I'm hearing you correctly, the United States

1:12:40

is the Alamo, kind of

1:12:42

the last stand against the

1:12:44

roll out of global totalitarianism.

1:12:47

The forefathers said that in 1776. Yeah,

1:12:49

if we don't succeed here in defending the freedom of

1:12:51

speech and our right to bear arms and the rest

1:12:53

of the Bill of Rights, then while there's not much

1:12:55

hope left for the rest of the world, is that

1:12:57

why the United States is under such attack right now?

1:13:00

And you're seeing WHO,

1:13:02

UN agendas and

1:13:04

legislation where these so-called treaties

1:13:07

would again, remove freedom of choice, even from

1:13:09

our own Congress, good or bad, right? Under

1:13:13

conditions of a pandemic or a war or

1:13:15

whatever. And

1:13:18

I don't jive with anybody who just wants to tell other

1:13:20

people what to do, but this has gotten to a point

1:13:23

where it's

1:13:25

gone way, way too far

1:13:28

and we may not be able

1:13:30

to negotiate our way back from here.

1:13:36

It seems unfortunate to me, I like

1:13:38

the way you described freedom, right? Something

1:13:40

like freedom

1:13:42

or liberty is the ability to

1:13:45

act without creating a

1:13:47

victim or becoming a victim for that matter,

1:13:49

right? Like everyone's respecting the life, liberty and

1:13:51

property of one another. That

1:13:53

is the philosophical scope of government. That's all

1:13:56

we really want it to do. And

1:13:58

then we want the market to do the rest, right? a consensual trade

1:14:00

to do the rest. And it will, and

1:14:02

it has. Yes. In every

1:14:04

example when it's been allowed to do

1:14:07

that. So, okay, that's great. So that,

1:14:09

I mean, I think that sums up why

1:14:11

I would describe myself as a freedom maximalist,

1:14:13

actually, right? It's like, it's a coercion minimalist,

1:14:15

if you will. It's a

1:14:18

consent maximalist, coercion minimalist. 200

1:14:22

years ago, you could just call yourself an American,

1:14:25

right, you didn't have to use a weird esoteric

1:14:27

term. Right, to actually separate. Wait, you like freedom?

1:14:29

Me too. Exactly. Who doesn't?

1:14:31

Like, it's insane. How, you said

1:14:33

you think it might be too

1:14:36

late. I mean, can we get

1:14:38

back to the founding ethos and

1:14:40

spirit of what it means to

1:14:43

be American? Is

1:14:45

America saveable? So,

1:14:48

I hope

1:14:51

is the first answer to that. I

1:14:56

think you're seeing a modest rising of

1:15:01

consciousness globally. I

1:15:04

think you're seeing some wins

1:15:06

for freedom. Like

1:15:08

a Mille in

1:15:11

Argentina, Bukelli in El Salvador. And then

1:15:13

you're literally seeing how quickly they can

1:15:15

turn the tide, right? Balanced budget. Oh,

1:15:17

91% reduction in crime. Like,

1:15:19

so there's hope in that.

1:15:21

And then obviously Bitcoin is part of that

1:15:23

hope. Infrastructure, right? Without that,

1:15:26

we don't have the basis with

1:15:28

which to restart the financial system,

1:15:30

which it is integral for.

1:15:32

Yeah. Because I just would think

1:15:35

as global trade is going to continue

1:15:37

to happen, and as hopefully

1:15:40

a respecialization regionally, okay,

1:15:42

so let's give

1:15:44

Taiwan credit. There are greater

1:15:47

chips, right? And maybe we're

1:15:49

good at automobiles

1:15:51

or finance. It's

1:15:55

okay to have regional specializations so

1:15:57

that everybody's skill sets are

1:15:59

monitored. It's the vision of labor. Yeah. And

1:16:01

the market will decide. Sure. And

1:16:04

guess what happens when that occurs? We have

1:16:06

permanent deflation, right? This permanent

1:16:08

of inflation is a phenomenon only attributed

1:16:10

to central banking, not attributed to a

1:16:13

free market, and certainly not attributed to

1:16:15

capitalism. Of course. They're throwing

1:16:17

that word in to describe what we're in now, which

1:16:19

is the farthest away from capitalism I have ever seen.

1:16:21

Of course. This is not

1:16:24

capitalism. It's a weird hybrid of

1:16:26

fascism and oligarchy. Yeah. Yeah.

1:16:29

When I hear people say it's late stage

1:16:31

capitalism, you're a damn fool. This is the

1:16:33

late stage central banking. Yeah. Capitalism

1:16:36

doesn't have central banks. Yeah, exactly.

1:16:38

Right. Because literally a central bank

1:16:41

impairs the allocation of capital. As you

1:16:43

said, if capitalism were working, the general

1:16:45

price level would be in precipitous freefall.

1:16:48

Because it would be getting better and faster

1:16:50

and smarter doing things. Right. That's like a

1:16:52

physics equation. Yes. Right. You

1:16:54

can't argue that it would not occur. Right.

1:16:56

And deflation is good. Right. Not

1:16:58

bad. And so that propaganda has largely just

1:17:00

embedded itself. And back to your point about

1:17:03

I think it's too late. It's

1:17:07

because the magnitude with which

1:17:09

we are being manipulated and

1:17:12

the permanence with which these people

1:17:14

are trying to control us. Like

1:17:18

carbon bad. Wait. We're all

1:17:20

made of carbon. Farming bad.

1:17:22

Meat bad. Wait. Red

1:17:25

meat's the healthiest thing in the world you could possibly eat. We've

1:17:27

been eating it for two million years. Yeah. We're literally designed to

1:17:29

eat. I mean, and then

1:17:32

I'm sitting there going, nobody has a problem with

1:17:34

this. And so that's where

1:17:37

I'm guilty of getting

1:17:39

sad. Because I want

1:17:42

to be surrounded by people who just say enough.

1:17:44

And the thing that is hopeful, all we have

1:17:46

to do is opt out. There's

1:17:48

8 billion of us and 30,000 of them. Right.

1:17:53

That's encouraging. Yeah. I like those odds. All

1:17:56

we have to do is opt out. Everybody's the same.

1:17:58

I've traveled all over the world. There's

1:18:01

no, first off, we're all homo sapiens sapiens, if

1:18:03

you want to get like very specific. All

1:18:07

humans are capable of such

1:18:09

love, such creativity, such innovation, and

1:18:11

such harmony with both nature and

1:18:13

society. It is this

1:18:15

source that is the

1:18:18

primary cause of all of evil. And

1:18:21

obviously you're gonna have some tribal land

1:18:24

disputes and this, that, but that's

1:18:26

not a 90% occurrence. That's

1:18:28

a 10%. Right? So

1:18:32

I'd rather see us unite peacefully

1:18:35

against this force, because literally if it

1:18:37

was violently, we'd take care

1:18:39

of it in like 20 minutes, because there's eight

1:18:41

billion of us and a few thousand of them.

1:18:44

But this should largely be

1:18:46

both a legal, spiritual,

1:18:48

and financial revolution that

1:18:50

is done with a higher

1:18:52

archetype, better values, and setting

1:18:55

a great example so that the ones that

1:18:57

come behind know how to

1:18:59

live. And that's why the great generation was

1:19:01

great. There

1:19:03

were 19 year old boys that

1:19:05

were either the sons of the men that just fought

1:19:07

World War I, or those guys also went and fought

1:19:09

World War II, thinking it was the

1:19:12

end of the world. Imagine, think of how spoiled our

1:19:14

society is right now. Oh,

1:19:17

I have, I need water,

1:19:19

but the university not taking care of us, we

1:19:21

need water bottles and vegan food. Are you kidding

1:19:23

me? You

1:19:26

didn't have running water 100 years ago. You're

1:19:28

just coming in, please. But

1:19:31

this is how we got where we're at. A

1:19:34

spoiled entitled class that's easily

1:19:36

manipulated. It's

1:19:40

heavy. Yeah. But I

1:19:42

always try to look at the positive, which is

1:19:44

identify the enemy, articulate why they're

1:19:46

the enemy, what is the source,

1:19:49

and then what can we use from our

1:19:51

knowledge set to augment,

1:19:54

truncate the negativity and turn the

1:19:57

tide. And the enemy

1:19:59

is... What

1:20:01

the unsound money and the ability

1:20:03

to conjure it counterfeited.

1:20:08

So that stems all

1:20:10

evil. So by holding savings

1:20:12

and sound money, we devitalize

1:20:15

unsound money and therefore drain

1:20:19

the enemy. Well think about it

1:20:21

from an equation standpoint. If I

1:20:23

have unsound money, right? And

1:20:26

then there's permanent deflation, what's happening? The

1:20:29

purchasing power is going up. You're automatically creating wealth.

1:20:33

And I'm not some like high IQ, redneck

1:20:36

from Florida, but it's

1:20:38

literally a seesaw. Sound

1:20:40

money, deflation, wealth creation.

1:20:43

What happens when everybody's wealthy?

1:20:46

Are they? I'm pretty sure Mr.

1:20:48

Schwab, they'd be happier when they own

1:20:50

something. And largely like this

1:20:52

is why the most success comes

1:20:54

from having a family, because you have the

1:20:56

motivation to work hard, provide and you want

1:20:58

to leave a legacy, both in spirit and

1:21:00

in asset. So

1:21:02

to me, it's black and white like that. Sound

1:21:06

money plus deflation equals auto

1:21:08

creation of wealth. And then I

1:21:11

really would love to see humanity have a

1:21:13

period where they're not psyop warfare to end

1:21:15

a mass formation psychosis, where those students you

1:21:17

were citing were guilty of

1:21:20

Stockholm syndrome. Like, oh

1:21:22

my God, substitute the word gold for what he's saying,

1:21:24

you're going to boo him. Or

1:21:26

water? The

1:21:28

cognitive dissonance shocks me. And largely none

1:21:31

of those kids work for my company

1:21:33

because they're unemployable. Yeah, I think actually

1:21:35

the sound money thing could go a

1:21:37

long ways towards fixing the psyoping as

1:21:39

well, because it is the printed money

1:21:42

that pays for the psyoping. Correct. It's

1:21:44

not only pays for it, but it's also the motivation

1:21:46

for it, right? You need a confused

1:21:49

population to say the least, confused

1:21:51

and or ignorant population, non-critical

1:21:54

thinking population to be

1:21:57

able to print money because of their critical thinking. then

1:22:00

they're gonna say, hey, wait a minute, printing money is theft,

1:22:02

how about you stop doing that? And

1:22:04

so you actually need to pay for

1:22:06

psyops like Keynesian economics, right? The pseudoscience

1:22:09

that justifies money printing, that whole thing

1:22:11

is a psyop. And largely, people don't

1:22:13

even know who John Maynard Keynes was.

1:22:15

Yeah. I may not

1:22:17

articulate this quote perfectly, but it is

1:22:20

from Hayek, the source

1:22:22

is constitutional liberty. But largely,

1:22:24

we have to resell

1:22:26

these concepts and ideas to

1:22:30

our generation. Oh, you've got it right here, right? Yeah.

1:22:32

If old truths are to retain

1:22:34

their hold on men's minds, they

1:22:37

must be restated in the

1:22:40

language and concepts of successive

1:22:42

generations. Yep. So

1:22:44

we have to repackage,

1:22:47

rebrand, and redistribute these

1:22:50

ancient ideas in modern parlance.

1:22:53

Right. And we have both the tech and

1:22:55

the ability to do so, right? This

1:22:58

is a tech and verbal

1:23:01

medium to share this with people. And

1:23:03

then Bitcoin is the tip of the spear. Bitcoin

1:23:05

is why we're even having these

1:23:08

dialogues. Imagine we didn't have this.

1:23:11

Imagine the degree which we'd be depressed. It'd

1:23:13

be very hopeless, yeah. Because then the only

1:23:16

thing is going to guns. Yeah, guns and

1:23:18

gold. Right. And

1:23:20

while gold is a scarce asset,

1:23:23

when you look at the stock to flow differences,

1:23:26

its scarcity compares not to Bitcoin.

1:23:29

And again, I'm not one of the freedom

1:23:31

maximists. I'm a truth or

1:23:33

largely. And then I'm a historian. As

1:23:36

a job, I'm a PM, so I have to look

1:23:38

for value. And there's value in

1:23:41

both. I hate these

1:23:43

black and white divisions where it's

1:23:45

either or. That's just not reasonable

1:23:47

or logical. It's the same with

1:23:49

volatility, right? When people say something as ridiculous

1:23:52

as Bitcoin is too volatile of an asset,

1:23:54

it's like anyone that has ever managed money

1:23:56

professionally knows that volatility is just a matter

1:23:59

of portfolio sizing. If

1:24:01

it's too volatile, yeah, well, if it's

1:24:03

too volatile, reduce your exposure. Well, here's

1:24:05

the concept bud. You

1:24:07

know what's too volatile? Losing 11.24% of

1:24:09

your purchasing power every MFing year. That's

1:24:15

too volatile. And then you know what else

1:24:17

is too volatile? Being forced to take risk

1:24:19

that I am not cognizant of to

1:24:22

try to attempt to keep up with it. And

1:24:24

then mathematically, I look at my charts since 99

1:24:26

and gold terms, wait a minute, I'm

1:24:29

up 0.38% because I reinvested

1:24:31

dividends. That's all I get in a

1:24:33

24 year period, 25 year period. That

1:24:36

is volatile. Yeah, that was the S&P 500 over

1:24:38

25 year period with reinvestment

1:24:40

of dividends denominated in gold as

1:24:42

a basis points. Wow. So

1:24:46

this is an illusion, right? People are

1:24:49

deceived by this fiat illusion. I call

1:24:51

this a cognitive optical illusion where people

1:24:53

see nominal value number go up. They

1:24:56

think they're getting richer, but

1:24:58

that is, as Henry Haslett said, there's the scene. And

1:25:01

then the unseen is the diminishment of

1:25:03

purchasing power per unit. So

1:25:05

they need to denominate their portfolio

1:25:08

in gold or stake or something

1:25:10

else that matters. Yeah. It's

1:25:14

so obvious when you break it down like that. But

1:25:17

I think how people

1:25:19

could get like a couple

1:25:21

different versions of this. Like there was a debate with

1:25:25

Schiff and Roubini and was

1:25:29

Eric and Anthony that

1:25:31

Zero had on. And

1:25:35

largely Scaramucci and Voorhees

1:25:37

were articulate, both

1:25:40

compassionate and passionate, reasonable and logical.

1:25:43

Then while I do like Peter

1:25:46

and he's been a great advocate long-term for

1:25:48

exactly what we're advocating for the year, it's

1:25:51

not an either or discussion. And

1:25:55

I think largely if people just can

1:25:57

source some other lexicon.

1:25:59

that they can ascribe to, whatever

1:26:02

vector you can to go, hey, freedom's better,

1:26:04

liberty's better. And then ask yourself, do you

1:26:06

wanna conquer your neighbor? Probably

1:26:09

not. All right, who can

1:26:11

we listen to that's gonna help us

1:26:13

on our path? Like you've been a

1:26:15

great advocate for Bitcoin, for freedom, and

1:26:17

largely to expose the fraud that is

1:26:20

all of the subsequent after effects of central

1:26:22

banking. And Mattias Desmond, well, that was a

1:26:24

great one to go over, and then Malone

1:26:27

was great. All of that stems

1:26:29

from central banking. We literally

1:26:31

have a medical industry that

1:26:33

was converted to allopathic medicine. Does anybody know what

1:26:35

the word allopathic means? I'm not a fricking physician,

1:26:38

but I know that that's not good for me.

1:26:41

And then largely all the pharma stuff, what

1:26:43

is it made of petroleum? Wait,

1:26:45

I mean of oil? So I

1:26:47

think, again, going back to that, getting

1:26:50

rid of that centralized evil, all

1:26:52

this other stuff naturally fixes

1:26:55

itself. Yeah, fiat money, fiat

1:26:57

food, fiat medicine, fiat education.

1:27:01

It is all fiat. That's a great,

1:27:03

I'm fiat food, that's hilarious. That's sad. Oh,

1:27:06

we're gonna 3D print meat. Eat

1:27:10

some bugs, Robert. So

1:27:12

the book, Inventing the Individual,

1:27:15

for me, was very

1:27:18

emphatic about the importance of

1:27:20

Christ in

1:27:22

creating the individual as the primary

1:27:25

social unit in our legal codes,

1:27:27

in our moral codes, et cetera.

1:27:31

And yeah, that's something

1:27:33

that the Bitcoin rabbit hole led me into.

1:27:35

This isn't a very clear segue from what

1:27:37

we were talking about earlier, but we had

1:27:39

a conversation offline. It's all correlated. Yeah, about

1:27:41

individualism versus collectivism, which I actually,

1:27:43

I don't like collectivism because that's too nice

1:27:45

of a word. So it's like

1:27:47

we're all just collecting things together. I like coercivism because

1:27:50

it involves coercion. It's unavoidably coercive,

1:27:53

whereas individualism is just about life, liberty,

1:27:55

property. When you think about it, like

1:27:57

coercion is the right word because... What

1:28:00

is it really there? It's communist, right?

1:28:03

And they've even in modern times,

1:28:05

which this has just been reiterated

1:28:07

and recycled. They've convinced people that,

1:28:09

Oh, communal assets, Oh, labor,

1:28:12

not capital, right? But what is it really?

1:28:15

It's coercion. It's, it's not

1:28:17

communal. It's, it's not social. Um,

1:28:20

it's, it's well, Mark

1:28:22

said it right. That it's the

1:28:24

abolition of private property so that

1:28:27

individuals don't own anything. That

1:28:30

you can't delay gratification and accumulate

1:28:32

wealth for yourself. You

1:28:35

instead have to work up

1:28:37

to the extent of your ability and take to

1:28:39

the extent of your need, which

1:28:42

is obviously utter nonsense, right? Like who,

1:28:44

who, who arbitrates what your ability is,

1:28:46

who arbitrates what your need is. It

1:28:49

ends up being just this power

1:28:51

game, right? Of whoever the, to

1:28:54

be the arbiter of who has what

1:28:56

need and who has what ability that

1:28:58

becomes the primary incentive rather than in

1:29:00

a world of private property, the incentive

1:29:02

is delayed gratification, employ

1:29:06

your ingenuity, be smart, accumulate

1:29:08

wealth and trade

1:29:10

with other people that are also self-owned. Right.

1:29:13

And wealth accumulation is not at

1:29:15

the expense of any, anyone else. No,

1:29:17

it's not a zero sum game. It's

1:29:20

actually a positive sum game. Right. When

1:29:22

you have sound money and a deflationary

1:29:24

productivity and efficiency. So, um, and

1:29:27

what else did Karl Marx say to,

1:29:29

to attain the goals of communism? What

1:29:31

was the central theme that

1:29:33

was required? Uh, I know

1:29:36

measure number five only from the 1848 manifesto

1:29:38

to the communist party, which was the central,

1:29:40

a central state monopoly on cash and credit,

1:29:43

which is a central bank. You cannot

1:29:45

have communism without that. And

1:29:49

unfortunately you've, you've seen

1:29:51

some of the most vulnerable

1:29:54

people lose

1:29:57

what is largely, you know,

1:30:00

or their resource wealth of their region and

1:30:02

the region of their forefathers. I

1:30:04

think perhaps Venezuela is a

1:30:06

more unstudied

1:30:11

version than the one we know from

1:30:13

the Bolshevik Revolution in

1:30:15

Russia. Obviously, Russia is very resource

1:30:18

rich, but until the

1:30:21

debasement of currency in Venezuela, they

1:30:23

were top five richest

1:30:25

countries. So why have we

1:30:28

not seen thoughtful writers articulate

1:30:31

the process and the history that's

1:30:34

occurred there? And

1:30:36

I think some economists have spoke out,

1:30:38

but I also know some have been

1:30:40

executed down there because obviously have ties

1:30:42

to Latin America. But I'd really love

1:30:45

to know if the exact

1:30:47

steps that were followed in other

1:30:49

communist debacles were

1:30:51

laid out again by central banks

1:30:54

and globalists to destroy wealth. And then

1:30:56

you look at why they even attack

1:30:59

so-called emerging economies. If you keep

1:31:02

the poor people poor and

1:31:05

steal their resources, you have

1:31:07

the ability to feed this beast

1:31:10

around the planet. And those people

1:31:12

largely, like if you forced all these UCLA

1:31:15

and Columbia kids to go

1:31:17

live where there's no power, no water, no

1:31:19

cell phone, they're going to

1:31:21

turn into freedom maximalists, right? Of

1:31:24

course. Right? And the

1:31:26

problem is they have to do it

1:31:28

slowly in the West, whereas

1:31:31

in South America and specifically

1:31:33

Africa, just my heart breaks

1:31:36

for Africa, these people are

1:31:38

not even allowed to have a voice.

1:31:40

And because they've not had the level

1:31:42

of comfort and convenience that the West

1:31:44

has had, they don't know really what

1:31:46

they're missing. And

1:31:48

then the news and the facts of those

1:31:51

regions are not even told to us properly.

1:31:53

Yeah. Yeah, it's, Majat,

1:31:57

as you were talking about Africa there, Majat Wade.

1:32:00

came up for me that she's very

1:32:02

outspoken about this, that Africa needs capitalism,

1:32:04

right? That's the solution to the poverty

1:32:08

there. And

1:32:10

so we

1:32:12

talked, I think we mentioned John Locke earlier,

1:32:16

and we have in the outline here, you're talking about

1:32:18

his second treatise. And

1:32:22

really the obvious idea, we've talked a

1:32:24

lot about sound versus unsound money, but

1:32:26

if you increase the supply of a

1:32:28

thing, well then you

1:32:31

decrease the utility or value of

1:32:33

the thing holding demand constant, right?

1:32:35

That's the very basic economic law

1:32:37

at work with the

1:32:40

debasement of currency, right? I

1:32:42

guess the other wrinkle to that is you

1:32:44

have one group that's getting it first, and

1:32:47

that's benefiting disproportionately from the group that gets

1:32:49

it later, right? The cancel on of that.

1:32:51

Right, because they get to get assets first

1:32:53

and cheaper. Right, right, right. So why do

1:32:55

we have to keep re-experiencing

1:32:57

or re-doing discovering

1:33:00

this phenomenon? Why

1:33:02

can't we, is this just

1:33:04

a matter of human nature not being

1:33:06

able to restrain itself from

1:33:09

the temptation of monopolizing and printing money?

1:33:11

That people just, it seems like every

1:33:13

few generations we kind of forget again?

1:33:18

There is truth to that, right? And

1:33:20

Jordan Peterson actually articulates some of the

1:33:22

psychological frailties and then how to combat

1:33:24

them properly. And I think that the

1:33:26

way he's appealed to

1:33:28

and diagnosed, not necessarily

1:33:32

desperate, but depressed and

1:33:35

largely unfunctional men and boys

1:33:38

is definitely attributed to this

1:33:41

fact, right? But I

1:33:43

would argue as a historian, while

1:33:47

we've seen debasement occur,

1:33:50

not just in the era of central banking, I

1:33:53

think what Locke largely attributes to

1:33:55

is lack of consent, right?

1:33:57

And people not knowing they have power. with

1:34:00

consent and when they've lost the ability to

1:34:02

consent to what they're going through, largely

1:34:05

it just unravels from there. Right. And

1:34:08

it can be said absolute power crops, absolutely.

1:34:10

There's a lot of phrases that have been

1:34:12

memorialized to describe this process. So I

1:34:15

just think we know what the issue

1:34:17

is present day. It

1:34:20

is attributed to the central bank. The cycle that started

1:34:22

in the 17th century is still the one today.

1:34:25

And they make up all kinds of funny terms

1:34:27

for the way they debase it, whether it's the

1:34:30

BTFD to bail out the banks recently

1:34:32

and just beginning in 23, or

1:34:34

it's quantitative easing, or

1:34:37

it's modern monetary theory.

1:34:40

Robert, question, what's modern about that? It's

1:34:44

not modern, it's not monetary and it's not a theory. Please

1:34:49

people, just diagnose the problem

1:34:52

and then call out what

1:34:54

the results of that problem are. And

1:34:57

then you might figure out a way to fix it. What

1:35:00

was the gentleman's name? That the clip went

1:35:02

viral of recently? The economic

1:35:04

advisor to Biden. Yeah. Great

1:35:06

hair guy, I can visualize it. I

1:35:09

think we definitely need to put that in here

1:35:11

somewhere. So you can pull that up. I

1:35:16

mean, I almost, I just

1:35:18

can't take it anymore. Debasing

1:35:23

it is that people who are in

1:35:25

these positions of power, even

1:35:27

if they're bad people and they're part

1:35:30

of the collusion infrastructure and the

1:35:32

coercion infrastructure, at

1:35:34

least when they were masters of the universe, they

1:35:37

did it by such slight of hand, we weren't

1:35:39

as conscious of it. And then

1:35:41

thank God for Elon and

1:35:43

Twitter and then Rumble and True

1:35:45

Social and your

1:35:48

channel and others and Rogan and

1:35:50

Jones and Tucker, all the people

1:35:52

who are largely freedom actionable and

1:35:54

just interest that pro human, pro

1:35:56

humanity, pro freedom. Yeah, this

1:35:59

son of a bitch. I mean,

1:36:01

how dare you even be so the

1:36:04

US government can't go bankrupt because we can

1:36:06

print our own money It

1:36:09

obviously begs the question. Why exactly are we

1:36:11

borrowing in a currency that we print ourselves?

1:36:14

I'm waiting for someone to stand up

1:36:16

and say why do we

1:36:18

borrow our own currency in the first place? Like

1:36:22

you said they print the dollar so why

1:36:24

why does the government even borrow well the

1:36:31

So the I mean again some of

1:36:33

this stuff gets some

1:36:35

of the language that the mm some of

1:36:38

the language and concepts are just confusing I

1:36:40

mean the government Definitely prints

1:36:42

money and it definitely lends that

1:36:44

money Which is why the government

1:36:46

definitely prints money and then it lends

1:36:48

that money by by selling

1:36:50

bonds That would be

1:36:52

borrowing right Robert They Are

1:36:56

they they They

1:36:59

sell bonds. Yeah, they sell bonds, right? So they

1:37:01

sell bonds and people buy the bonds and lend

1:37:03

them the money. Yeah, so a lot

1:37:06

of times a lot of times at least to my

1:37:08

ear with with MMT the the language and the concepts

1:37:11

can be Kind of unnecessarily confusing,

1:37:13

but there is no question that the government

1:37:15

prints money and then it uses that

1:37:17

money to So

1:37:23

Yeah, I

1:37:25

guess I'm just I don't I can't really talk I

1:37:27

don't I don't get it I don't know what they're

1:37:29

talking about like because it's like The

1:37:33

government clearly prints money it does it all

1:37:36

the time and it clearly borrows Otherwise

1:37:38

you wouldn't be having this debt-and-defence conversation. So

1:37:41

I don't think there's anything confusing there. Oh my

1:37:45

Just as a whole just the

1:37:48

economic advisor to the president of

1:37:50

the United States was that gentleman,

1:37:52

right? I think his degree is

1:37:54

something like Music

1:37:58

and community He has a

1:38:01

degree not in economics obviously. He has some

1:38:04

weird, anyways, yeah, some social justice

1:38:06

type music degree. Isn't

1:38:08

it ironic that the so-called social

1:38:11

justice movement could not be

1:38:13

farthest from creating justice? Yeah, it's

1:38:15

institutionalized. It's a social injustice. Yeah,

1:38:17

of course. So, I mean,

1:38:19

what, the

1:38:23

fact that we have, I don't know,

1:38:25

we've debased our understanding of economic reality

1:38:27

to such an extent that we think

1:38:30

that printing money can

1:38:32

actually create real economic

1:38:34

goods for real humans.

1:38:38

Like, and you see, I didn't see,

1:38:40

the other thing I saw was people like John Stewart,

1:38:42

right? He seems like he's trying to

1:38:44

actually think through this thing. And he's

1:38:47

saying, well, if we can just print money, why don't we print

1:38:49

the $10 trillion coin, send it to

1:38:51

China, pay off our debts, and we're done, and

1:38:54

get back to work. It's like,

1:38:56

people are mistaking the menu for the food,

1:38:58

right? The money is not the goods. The

1:39:01

money is a representation of the goods that we use

1:39:04

to mathematically understand them and trade

1:39:06

them and measure them, but

1:39:08

it is not, not measured technically, to

1:39:11

price them, but it

1:39:13

is not the goods themselves, right? We cannot

1:39:15

print goods into existence. Real goods require work

1:39:18

to produce. Yet this obvious

1:39:20

economic reality seems to be lost

1:39:22

on the world up to and

1:39:24

including the economic advisor

1:39:26

to the president who has a bachelor's degree

1:39:28

in music from the Manhattan School

1:39:31

of Music. Well,

1:39:33

you would think he'd be smarter

1:39:35

because music understanding includes mathematics, right?

1:39:37

Yeah. Oh

1:39:39

my God. And he rips it jazz?

1:39:41

Come on, Jared, be better. He

1:39:44

has a master of social work

1:39:46

from Hunter College as well as

1:39:48

a DSW in social welfare from Columbia

1:39:51

University. And...

1:39:56

Yes. Oh

1:39:59

my God, that was... That was fun. Hope that makes

1:40:01

sense. The video. I

1:40:08

have no words, dude. It's like, let's

1:40:12

just get rid of the central bank. Let's

1:40:15

get rid of the Department of Education.

1:40:17

Let's get rid of Social Security. Let's

1:40:19

get rid of Medicare. Let's

1:40:21

get rid of a standing military. Let's

1:40:25

enact term limits, ban lobbying,

1:40:27

have all offices

1:40:30

that are running, have public financing

1:40:32

for their campaigns and see where

1:40:34

we land. So people that

1:40:36

would hear you say that and say,

1:40:38

oh my God, this guy's right wing,

1:40:40

crazy, anarchist. No, all centrist. How

1:40:43

do you respond to that? I

1:40:46

try to think about this through the ears of

1:40:48

someone that doesn't

1:40:50

know anything that we talk about. That

1:40:53

sounds like to that ear, to me,

1:40:55

a recipe for

1:40:57

disorder. How

1:41:01

would that actually play out? If it were to abolish

1:41:03

this thing? Anarchy actually is a form of order. So

1:41:07

higher consciousness order because

1:41:09

it is more individualistic. I

1:41:12

think the problem again is definitions

1:41:14

and I'm not a biologist, but

1:41:18

I do know that

1:41:20

anarcho-capitalism is

1:41:22

the most decentralized version of

1:41:25

an infrastructure of liberty, of aligned

1:41:28

incentives and a freedom of choice

1:41:30

and participation via consent. It

1:41:33

is not Mad Max, right?

1:41:35

That's dystopia as a

1:41:37

result of central banking largely. Etymologically,

1:41:41

anarchy is an archon,

1:41:44

no ruler. Thank

1:41:47

you. Not no centralized government. Rules,

1:41:50

we can establish, we have rules right

1:41:52

now, right? We're using English, we're using

1:41:54

grammar. You're on my property, you're being

1:41:56

respectful. There's all kinds of rules that are always in

1:41:58

play. Said and unsaid, yeah. Right. So it

1:42:01

doesn't mean no rules. It

1:42:03

means no rulers, right? No

1:42:05

asymmetric imposition of willpower, basically.

1:42:08

And the, and the absconding of

1:42:11

property rights from largely

1:42:14

every, everybody else but the rulers.

1:42:16

I mean, the old, the rules for the,

1:42:19

not for me, right? You can see that

1:42:21

division politically now where one party

1:42:23

gets to do whatever they want, break all kinds of

1:42:25

laws. I mean, I hate

1:42:28

politicians. I don't like even talking about this. So

1:42:30

let's try and keep this phrasing

1:42:33

brief. Russiagate

1:42:35

thing was a complete and utter hoax.

1:42:38

They all purged themselves. They

1:42:40

committed racketeering at all. I'm not

1:42:42

a lawyer, so I'm not going to describe it all perfectly. And

1:42:45

no one, no one gets

1:42:47

fined for libel, defamation, et

1:42:49

cetera. There's literally zero consequence to it. I'm

1:42:51

not even sure what the Russiagate thing is

1:42:53

to be completely honest. Well, they just, huh?

1:42:56

What is the, what is Russiagate? Oh, yeah. They,

1:42:58

I mean, it's the Trump hoax that he was

1:43:00

a Russian agent and he colluded with Russia. Okay.

1:43:02

Right. Which, which Combs shows you how much I

1:43:05

pay attention to politics. I mean, it's, I

1:43:07

despise it. I'm forced to pay attention

1:43:10

because of the economic impact and geopolitical

1:43:12

impact of buffoonery. I think

1:43:14

one of our biggest problems outside

1:43:17

of central banking is largely having

1:43:19

the most inept morons running

1:43:22

the planet ever in mankind's

1:43:24

history. Even when

1:43:27

you look like a Karl Marx,

1:43:29

I despise his ideologies. I

1:43:31

despise his philosophies. He's a greedy,

1:43:34

insecure, masochistic psychopath. However, he

1:43:36

was a hell of an eloquent writer who

1:43:38

was obviously fairly bright, which

1:43:41

I can respect. This is

1:43:43

just utter idiocracy.

1:43:46

I mean, it's like the movie was

1:43:48

created as pre-programming to

1:43:50

where we're at now. But I

1:43:53

think your, your overarching point

1:43:56

was how, how did we

1:43:58

let something so obvious. pollute

1:44:01

and corrupt what we innately and distinctively

1:44:03

know to be true. Yeah. Right?

1:44:07

And yeah, yeah, there's this

1:44:09

strange override, right? That

1:44:11

we, property is something that's

1:44:13

so fundamental and again, back to the two

1:44:16

year old and the bees, right? It's very

1:44:19

natural to social animals to

1:44:21

establish ownership or

1:44:24

territory over certain scarce

1:44:26

means or assets. That

1:44:29

those are the means for survival. Of course you

1:44:31

defend them and you take care of them. You

1:44:33

want to have a relationship, an exclusive

1:44:36

relationship with them, the things

1:44:38

that sustain your life, right? Gets

1:44:40

to that Rand quote, which I can never recite from

1:44:44

memory, but she basically said that it

1:44:47

has to do with property rights and the

1:44:49

right to life. That