BTC Sessions - SECRET BATTLE USA vs Globalist: Bitcoin's Role in a Crumbling System | Tom Luongo

Starting point is 00:00:00 The real war is not kinetic. The real war is for an angel. And we're going to bottle up that nest of vipers who think they run the world in Europe. You pissed off the Russians. You've declared war in the United States. You think you're going to turn Canada into our enemy? Have you ever considered what happens when Bitcoin has to operate in a world where the Fed actually defends itself? Okay.

Starting point is 00:00:20 And I've been saying for years that if you want something really bake your free noodle, just wait for the day the Fed puts Bitcoin on its balance sheet. Or did it already do so by proxy? InVision a world with a Fiat system as we know it is current. And the battle lines aren't drawn with tanks or bombs, but with dollars dead and digital currencies. Today we're joined by the brilliant Tom Luongo, a chemist-turned-political strategist who now runs the cutting newsletter and podcast, gold, goats, and guns. Tom spent years to code in the chaotic web of global finance, central banking, and the shadowy cabal pulling the strings, bringing insights

Starting point is 00:00:51 you won't find anywhere else. In this episode, we're diving into the deep end. What Mark Carney's rise means for Canada and its ties to globalist agendas, why not? national identity could be the key to surviving a world gone mad and how Bitcoin factors into a new age. Plus, we'll unpack the Federal Reserve's power moves against Europe and what they mean for the global economy. Want to know who's really winning the financial war and how to stay out of the crossfire? This is the episode that'll blow the lid off. Going beyond Bitcoin to give you the skills and insights you need to escape the Fiat matrix, this is Mentor Sessions. Awesome, Tom, thanks for joining us. I wanted to kick things off kind of immediately by now that we

Starting point is 00:01:34 We've actually seen that the Canadian population has decided to just commit suicide at large and elect the twice central banker to the Supreme Emperor of Canada. I want to get your kind of initial thoughts, what you're seeing where you think this is going. It's really funny. Thanks for the invite, Nathan and Gary to meet you guys. Mark Carney is a very interesting problem, right? Because he's clearly the dude, like Mr. WEF, Mr. Globalist, Mr. Central Banker. And it's really funny how his apologists were all out there, screaming how he beat Trump in a bond war and all of this stuff. And I was like, no, he didn't.

Starting point is 00:02:12 Like, you know, Trump set a trap and baited him. And there's Trump in Besson set a trap and baited him. And, you know, then they blew up the basis trade and treasuries and forced those guys to dump about, I don't know, $200,000 with the treasuries on the market. Thank you very much. I appreciate that. This is ammo that you don't have anymore. It's like, Carney is a very, he's a very important. very interesting figure because he looks, because he's led such a charmed life.

Starting point is 00:02:38 Like these guys, Justin Trudeau's and the Tony Blairs and all the rest of them, they've all hit triples. You know, we're born on third base until they had to hit triples, right? And Carney, you know, as long as he's not challenged in any way, he sounds very competent. The many you challenge him, of course, he's not. So he's not very smart, just like, you know, Kayakalas or Ursula von der Leyen or Justin Arderner or any of these other people, Justin Trudeau. And he does what he's told.

Starting point is 00:03:07 And he might have a lot of experience of running financial operations on other countries when the playing field has been tilted in his favor. And that's the way he ran the Bank of England, the way he ran the Bank of Canada in the past. And he did so setting up both of those countries to roll up all of their wealth and shunt it over to Brussels and to Germany and to Amsterdam and the city of London, which is effectively all the same. Now that we really get clarity on these things and we're watching these things play out over the last few months, really getting clarity on that.

Starting point is 00:03:38 The Sydney, London, Brussels, and Amsterdam is all the same freaking thing. What I've always called Davos. I wasn't ever sure where Sydney of London sat in this, in that, in that thing, in that axis, that they could go either way. But I'm now firmly convinced that they're part of the whole process. And they're the thing that has undermined Brexit and tried to undermine Trump in the past and everything else. And MI6 is aligned with that GCHQ and all of that stuff. So, and Carney's aligned with all those people. So what's he going to do to Canada now?

Starting point is 00:04:05 Well, he's clearly trying to set Canada up as a, as, as kind of Ukraine for the United States. And Ukraine was this, today's Ukraine or the Ukraine of the last 20 years was set up to be an antipode and to be a thorn in the side of Russia and to be a vector with which you would undermine and destabilize the Russian border, terrorizing the Russian people in the Donbass, you know, attack, Crimea, all that, all that stuff. Now, the idea, I was just talking my partner, Dexter White about this this morning, the idea, the ludicrous idea that Canadians are going to arm themselves to the point where they're

Starting point is 00:04:42 going to be able to stand up for more than 27 minutes against anything that the United States decides to, you know, offhandedly throw your direction. Well, that's laughable on the face of it. It would almost be like, oh, I don't know, me getting a bunch of my mates together and wanting to play against, you know, Obetkin and the Capitals. and let's see who comes out in the game of Shini. Right. So just to remind everybody, I am that much of a hockey guy.

Starting point is 00:05:06 I know what the word Shini means. Now, saying all that, what's he going to do? Well, he's clearly going to set up the Bank of Canada and the Canadian banking system is a form of offshore Eurodollar laundering system in order to try and make sure that the drug and oil money continues to flow out of Canada in back into Europe. He's also, it's also at the same time, though, a very desperate play by Davos to find some amount of physical collateral that they can lay their hands on. Because they've declared war on Russia, so, and they're not going to win there.

Starting point is 00:05:39 Trump just bought Ukraine. Everybody's getting this Ukraine minerals deal with all wrong. Trump just bought Ukraine. And he bought it out from underneath the Brits and the, in the EU. And they're fucking huge mad. Can you expand that for everyone who might not be familiar with the recent deal? Well, the deal itself is it's being touted as the minerals deal and everybody's focusing on the rare earths because Trump did because Trump said, ooh, big shiny, we're going to talk about the, we're going to talk about the rare earths or not a rare earths outside of the Donbass. And everybody knows that, including Trump, including all of the people. But he puts it out there as an antipode to China as a quote-unquote blocking move to China and to get everybody focused on the wrong thing. Well, he goes about the process of cutting a deal that will literally rebuild Ukraine. And guess who gets the rebuilding contract. Not us. It's not. Europe and it's not the city of London and it's probably not even going to be BlackRock

Starting point is 00:06:33 who maps to those guys. It's going to be our guys and it's probably going to be led by Jamie Diamond and JP Morgan. So we get that. We're going to have access to that we're going to get, you know, we're going to pull royalty stream off of rebuilding Ukraine. And it's the same, in effect, it's the same kind of deal that he put on the table for Gaza. Not everybody on the shit, now everybody in the shit bag left and the, you know, MI6 and European controlled media then turned that into, oh, he wants to build Trump power in Gaza. What an asshole.

Starting point is 00:07:03 Like, no, dudes, have you been to Gaza? As Trump said, if you've been to Gaza. Like, they don't even run in water for Christ sake. It's going to take 10 years to bring civilization back to Gaza, given what the Israelis have done to it. I'm not here to condone or not. I'm staying completely out of the whole fucking Israeli Gaza thing. That's just reality on the ground.

Starting point is 00:07:21 And that's all Trump was talking about. And he wanted to get the Arabs to buy in to the whole. process and make everybody now responsible for what happened in Gaza by making them pay for the rebuilding, right? Because at the end of the day, don't want anybody these people, don't anybody these people kid you. The only people who are honest about their opinion of the Palestinians are the Israelis. Everybody else, you know, hates them too. So, but now what Trump was trying to do was get them to get everybody who hates, you know, all these people, it hates the Palestinians, I've always thought of them as a political tool

Starting point is 00:08:00 to advance their own geopolitical agendas. You know, they wanted to use it or lose it mode. And now he's trying to get them buy in from them to build, to rebuild Gaza. And the Israelis are saying nuts to that. Netanyahu, in particular, we're saying nuts to that. So Carney, all of this, what you've seen in Gaza and Israel, what you see in Ukraine, Russia, is what they're setting up for U.S. and Canada. Now, what they're setting up and kind of what they set up down in Mexico as well.

Starting point is 00:08:26 which is why Scheinbaum told Trump, oh, no, we're not in, our loyalty is, our sovereignty is not for sale, which is bullshit, honey. Like, you got cartels in your border. You can't deal with them. You're bought and owned by the cartels. We will go in with A10 warhawks and we will wipe them all out for you. If you give us, if you, and if you don't, we're going to declare legally why it is that we can go and invade your country to wipe out the goddamn cartels because that's what we're going to do because we're the Americans and we control North America and the end and, and, and, and, and, and, and, and, Consensus, feminist politics does not matter anymore, and this is what's going to happen. I'm not telling you this is what I like. This is the one I'm telling you what's going to happen. Because Trump is done with having national security issues on his border. He's going to turn into James Polk, 5440 or fight, meaning I want all of Alberta, all of Saskatchewan and all British Columbia.

Starting point is 00:09:20 That matters. And the rest, and you all can starve because we don't care anymore. because you've had a choice and you chose poorly. That's where we are. Now, Albertans, hey, you're more than welcome. British Columbia outside of Hongover, you're more than welcome. We got to wall that off and turn it into a John Carpenter movie. Saskatchewan, we want the Ascabasca Basin, and we're going to get it.

Starting point is 00:09:47 We're going to get Greenland and we're going to bottle up that nest of vipers and vampiric, pedophilic elites that's who think they run the world in Europe. and we're going to bottle them up underneath a southern or southern European slash northern Mediterranean alliance. There's going to be a new NATO long term, Spain, Italy, Greece, the Balkans versus Rump Europe. We control Ukraine. Turkey control Syria in the eastern Mediterranean. and we buy Greenland and we free some part of the UK and we bottle up Europe and say

Starting point is 00:10:29 go get your physical collateral to run your Green New Deal somewhere else. How are you going to do it? You pissed off the Russians. You've declared war in the United States. You think you're going to turn Canada into our enemy? We'll just invade it. And if we have to, we'll just bomb Toronto and be done with it.

Starting point is 00:10:45 I'm dead serious. Like at some point, I mean, I mean that in almost metaphorical, But if Mark Carney wants to push this, right? If Mark Carney wants to escalate the same way that below Demer Zelensky, sorry, Vladimir Zelensky, they refuse to Ukraineify anything in this world anymore because Ukraine's not a real country either. Like, this is what's going on. And you all better get your head, wrap your, wrap your heads around it. That, that this idea that most of America gives a second thought as to what happens north of the 49th parallel.

Starting point is 00:11:21 I hate to break it to everybody, but we don't care. We care in Florida because you people clog up our roads because you know how to drive. Okay. Because you're used to drive in 55 and 60 miles an hour when we do 90 down here. Like, get over it. I kid mostly. I love Canadians. Don't get me wrong.

Starting point is 00:11:40 I really do. I love hockey. I love rush. I love going to Alberta. I love you guys. I don't want you to make bad choices. But, you know, what am I going to do? I got, it's like having a friend who keeps saying, no, my, my, my, my, my, my, my, my, my, my, my,

Starting point is 00:11:51 My drug habits under control. No, I can handle a 12th beer tonight. And then you tell him no, and he just drinks it anyway. What are you going to do? And after a while, you get frustrated with it. And I think that's, and we have to realize that Mark Carney is doing everything he can to inflame that opposition. But in some ways, he's actually doing Canadians a favor because we're starting to see a little

Starting point is 00:12:14 bit of Canadian nationalism, we're starting to see a little bit of Canadians standing up for themselves and saying, well, what do you believe it? you know what is it to be Canadian when remember what Carney was asked us he was asked what is it to be Canadian and his answer was very telling because what did he say I'm gonna America yeah I was say he said we're not American probably it's always like the antithesis it's being compared to the US when you are when you cannot define yourself in a positive sense as something you have no ethos yeah you have no identity if your identity is I'm not those guys? And who the hell are you? You have to be able to stand up and go, we're Canadian. What does

Starting point is 00:12:55 being Canadian mean? I want you guys to answer that question. I know what, I mean, I watch Western Canadian hockey players all the time. I know what those guys stand for. I love those guys. I would, if I was building a Stanley Cup team, my top two, my top two left defense one would be from the Western hockey, like, they'd be six foot three. And they wouldn't, and it would never crossed my, never crossed the red line. And that would be the end of it. And they would, you know, elbow every everybody who thought that they had moves coming across the blue line other than Alexander Vosgen because I know he would like skate right through them anyway. But everybody else, like they get the Scott Stevens streaming.

Starting point is 00:13:28 Like that's what I want, right? And I know those guys have any ethos. But what do we have in the greater Toronto area? What, you know, what do we have from that? We don't have any ethos. We'd like to. I'd like to see that. But we don't see it.

Starting point is 00:13:42 I mean, we know what it is to be American. for a very large for you know what if you place of value judgment on that all you want i don't care it doesn't have to be anything salutary folks i'm not like you know but we know what it means to the american we know that as a fellow american i used to think that i guess i'm just not sure anymore and maybe that's just me i used to i can tell you easily uh you know we're in individual liberty and you know going our own way and you know um self-determination and you know spirit of can do and i don't don't know if that's the case anymore. I don't know. Maybe that's just where you are. I know down here and Florida is that way. It's like I know, I know, you know, we know what we stand for. We stand for,

Starting point is 00:14:24 we stand for, we stand for all of those things and we stand for what those ideas that were embodied in the Constitution. And what were our, you know, as my friend again, Burlington, we put it, our birthright is Englishmen, not British, Englishmen who, you know, gave us the Magna Carta, then gave us, you know, then gave us democracy, a real democracy where the people were sovereign over the over and the king had a responsibility to, um, to his people. And it was a relationship. It was a martial relationship. It was a relationship, nonetheless. Um, we, we did at one point, I think the, and for my people, my ancestors, they came over from Italy. Now, they only came over a hundred years ago. But what were they, they came over here. They were Italian, but they were also

Starting point is 00:15:09 rejecting Europe. They could balance those two things at the same time. They said, we're not Europeans anymore. We are Italians who have become Americans. Like my grandparents, all four of them came over on the boat between 1906 and 1911 and raised their families here. And I'm the youngest of four of the youngest of 11. I'm only second generation. My grandparents all came over on the boat. And they all ran their households the same way. Their children don't know how to speak Italian. My parents didn't know how to speak Italian. None of my my parents' siblings knew how to speak Italian. They all grew up in the household teaching their parents English because they came over here and said, we are Americans now. Yeah.

Starting point is 00:15:54 My father is the same way. He came from Egypt in 1970 and he very much raised me as an American. Like I know the swear words in Arabic, but other than that, you know, mom-based, all apple pie. You know, I'm American as the next kid. Right. I laugh when I was watching the Sopranos recently, right? I'd never watched the Sopranos because I didn't have HBO back when it came out. We started watching it.

Starting point is 00:16:15 And I got about four seasons in before all the betrayals of Tony by his friends, like, triggered the shit out of me. I couldn't watch it anymore because I've been betrayed way too many times in my life. But watching them talk in northern New Jersey. I grew up in southern New York. I grew up about 40 miles north of where the sparranos takes place. And all of the pigeon Italian and how they talk about the food and all their weird Italian, it's all pigeon Italian how they talk about the food.

Starting point is 00:16:40 It's hilarious. Like Gabagool is not real. It's Capacola. I mean, you know what I mean? And I was just laugh my ass off because that was my household. Right. By the way, side note for you, I don't mean to derail the conversation, but I used to give a Sopranos bus tour as a side job as an actor. And one of the neat facts about the show is when they cast it, they said all the main actors had to either be of Italian descent or live in the New York, New Jersey area for at least two years prior to being on the show.

Starting point is 00:17:12 So their accents are authentic. Yes. That was very much. And they were. And they were. Like I, you know, I don't speak like I used to when I, because I left, I graduated high school and came to Florida. Right. And so over the course of time, I've, I've lost, I used to speak just like Tony Sheprano for Christ.

Starting point is 00:17:29 Let's go to the mall. You want to go to the mall? What's wrong with you? You know? What I need $5? I got to go. I want to go. Come on.

Starting point is 00:17:35 Come on. I'm on a fucking gas. Like, you know what is this with this guy? I literally used to speak just like to Niro. And I don't anymore, obviously. I know how to, I know how to like move my mouth in such a way that I can actually say the letter R. Yeah. That was very difficult when I, I mean, it actually used to hurt my face.

Starting point is 00:17:54 I would remember like learning how to say the letter R. I going, ow! And my jaw would like tighten up. It was hilarious. Very, very, very, it's a very, very lazy mouth accent. So, but it's, that's very cool. I didn't know that about the show. But I'm not surprised at all.

Starting point is 00:18:09 And, you know, having grown up. all that and like and the hair styles and the and the and all of it. I grew up in a I grew up in a suburban New York upstate um enclave that was literally like it was the deep felices and the longos and the cantalos and this one then that one the nardoes and like the whole it was either you're either Irish or you were Italian Italian there was the odd Jew and and they were all cops environment. Yeah sure that would that would commute to the city every day my dad was a cop the Mr. Condome, he was a fireman. This guy was, you know, the Mr. Colon was a, you know, he worked in the transit authority.

Starting point is 00:18:46 Like, you know, like that was the way it was. Like that was the whole thing. Like, and it was this, you know, it was an Italian is and Irish like getting together and not fighting in New York. Yeah. That's something. It was impressive. I apologize for derailing. I did have a follow up question.

Starting point is 00:19:01 But Nathan, I know you had a few you wanted to ask. Did you want to. Even jumping back to this idea of like, because it seems to me like Canada is being pushed or played to be against the U.S. That's someone, there's a they that's essentially moving them. We talked about Europe and the Davos crowd as well, too. And so I was wondering if you could basically expand upon who are the players at the table right now? And ultimately, why are they making these moves and what are they trying to accomplish? Well, yeah, so again, again, go back to what I just said about Rump Europe and physical collateral. They have a financial

Starting point is 00:19:31 system that is on the verge of collapse. It's actually already collapsing. And when you're going to collapse and they always go through this. Like once they reach to a point where the debt can't be paid anymore, then you have to get rid of the debt. You wipe the debt out. Usually you go to war, you wipe the slate clean, you win the war. You get the collateral from the physical collateral from winning the war, the new territory or area or whatever. We roll that up and then you use that to issue new debt into the monitor and into a new monetary system. That's what we do every so often. The problem is this time for Davos is that they failed in Russia because the Russians understand how to beat this game because they survived Napoleon and they survived the Bolsheviks

Starting point is 00:20:15 and they survived the Cold War. And the Chinese said no because they took all of our capital that they were extracting from the United States during the dollar reserve system, the age of the dollar reserves and dumping it into China thinking that they were going to be able to buy the Chinese government over there. The oligarchs raised Xi up to power. she keeps the capital account closed, starts collapsing all of their investments, and then puts Davos's money at the back of the line during all of the liquidations. And so I always take a very, it's a FYI as an aside, I always take a very skeptical view of anybody who tells me that China's collapsing because sometimes I think that China's property

Starting point is 00:20:58 market is collapsed on purpose in order to destroy and wipe out the capital that was invested in China, that's of a dubious, that's of a Western nature. This is why George Soros is called, gee, the devil on multiple occasions. And so I'm always skeptical of the guys that I can easily map to being either CIA or MI6 assets in the financial space telling me that, you know, China is about the collapse and, oh, gee, is going to be out of power and everything's going to be great. I'm like, yeah, what a shock. What you're really saying is that you work for Paul Singer or one of these other

Starting point is 00:21:31 vulture capitals and put billions of dollars into China, and now he can't get a dollar out of the place. And he wasn't able to use that. And they weren't able to get the political control that they needed to then take the country over from within. They were on the verge of doing that under Yeltsin after the Soviet Union fell. And then Putin was elevated by the oligarchs, placed in the power to stop all that. He, you know, jailed Kortokovsky, nationalized Ucos.

Starting point is 00:22:00 They're still butt hurt about that, by the way, 25 years later. But China was supposed to be the next place after they got done destroying the United States. And they were well on their way to destroying the United States. So that's their play. Okay. And when you watch the United States act against its own best interest doing stupid shit like the global war on terror or any of the things that we've done. Like you know, Obamacare, like, you know, the ruinous, the fiscal spending, all of that stuff. None of that stuff is structural.

Starting point is 00:22:34 None of that is because the United States is just corrupt. Yeah, it's corrupt because it's actually being run by traitors. Well, has been run by traders. Okay. And it's been that way for a long, long time. The American deep state is not American. These people aren't working for us. Now, some of them are just, you know, transnational globalists,

Starting point is 00:22:55 that they're corrupted women within, just like you have them in city of London, just like you have them all over Europe, just like you have some of them in Singapore, in Hong Kong, Zurich, you got to get all the way around the world. And it's that network of people that traces its roots back to the old Dutch and Venetian banking system. That, you know, when you, that's what we call Davos. That's what is the, you know, in John Wick terms, that's the high table, folks, right? That's who the high table is in John Wick, by the way.

Starting point is 00:23:26 And that metaphor is like completely obvious if you're not. You just watch John Wick and go, oh, yeah. Oh, yeah, okay. I see it now. And so the, but that's their play. That's what they're doing. That's why they hate Donald Trump. It's why they hate all the nationalists or all the populists.

Starting point is 00:23:47 It's why they hate Putin. It's why they hate G. It's why they hate Victor Orban. It's why they hate Georgioskis. It's why they hate Vich. It's why they hate Fisto. But you'll notice that three years ago, it was just Trump and Putin. And maybe the Brexit crew.

Starting point is 00:24:01 now it's a dozen people now it's MBS in Saudi Arabia now it's Erdogan and Turkey now it's all the people I just named Marine Le Pen in France to add to the group why do they hate Gyrgyr Gilders why in the netherlands why do they hate Alice Vidal and the AFD in Germany it's everywhere and they're multiplying like mushrooms after you know and bullshit after after a rain well because Davos ultimately is nothing but shit. And that's what we're dealing with. And those people have to be destroyed. You don't destroy them directly. Their tentacles are everywhere. Their relationships are centuries old, right? And their banking relationships are centuries old. A lot of the capital that they move around doesn't move through centralized clearing houses. We can't track this within, you know, within regulated markets.

Starting point is 00:24:58 Because this money doesn't move in regulated markets. I was going to say, if not through the capital houses, how are they moving it around then? There's just private through private banking relationships. Like what we would call the shadow banking system as a catch-all phrase. But again, the most profound thing someone ever said to me was real bankers don't have Wikipedia pages. Yep. See, this is the, that's the hard. part you don't ever see this is one of the things i was talking to stormy waters about for my podcast which i

Starting point is 00:25:33 haven't put out yet but it's the we don't see the power itself we see the reflection of power we see the actions of heads of state or of CEOs or or boards of corporate boards acting against their own best interests or acting against their people's best interest they take the opprobrium of the people and we get mad at them and we miss the fact that they're being ordered to do what they're what they're doing. Okay. The best, the clearest example of this I can give. This is where I had my piffing about this. I always kind of realized that it was like this, but it became really obvious to me when I identified it in my own behavior. And I remember getting really pissed off during like 2016, 2017, 2018 to Jack Dorsey over Twitter, right? Because Jack Dorsey was institute, quote,

Starting point is 00:26:24 unquote, he was the CEO and Twitter was instituting all these rules and deplatforming people and everything else, but Jack Dorsey was a patsy. The board at Twitter controlled the company. Completely filled to the gills with Storosites, Davos guys, you know, members of the World Economic Forum, yada, yada, yada, yada, who themselves are a layer of, they're just colonels. If Jack Dorsey is, you know, a second lieutenant being forced to, you know, charge the fucking, the machine gun nest with this platoon, then Klaus Schwab is the freaking colonel issuing the orders, but the real generals are nowhere to be, we don't even know their names. You think the Rothschilds are the guys actually in charge? You're kind of crazy. Like, they're also just another, like, the James Bond movies in some ways

Starting point is 00:27:15 are actually truer than you think they are. Because it's always about these shady financiers and these shady weapons dealers that nobody who's, nobody knows anything about, but only MI 16th is, doesn't know anything about. That part of it is bullshit. MI6 has actually created those guys, right? Or works for those guys. They're not working against those guys. Those guys exist, they're everywhere.

Starting point is 00:27:37 So the only way to beat those people is you have to force them out of the shadows. The way you force them out of the shadows is you take away their engine of their profit engine. And their profit engine is using our currencies and our debt-based monetary system. It's their cash flow. They're the ones who are sitting on the piles of assets around the world, constantly generating money, which they use to buy U.S. Treasury, so then pull another 4% return on. That's a claim against our labor. Okay.

Starting point is 00:28:17 So how do you beat those people? Well, it's when I identified, you know, years ago. So the finish the Jack Dorsey story, Jack Dorsey was the guy we all got angry with. with when he wasn't the guy in charge of the company. Yeah. I think it was very apparent. If you remember the Rogan and Tim Poole interview and they, I feel like they made him take the lawyer with him.

Starting point is 00:28:39 Like he had no choice. Like she has to come and sit at the table as well too. Yeah. And again, I could be just reading into what I want to because he's a bit coiner as well too. But it felt like a guy that was taken hostage and apologetic for it. Yes. It felt that way.

Starting point is 00:28:52 That was a struggle session. That was absolutely a struggle session. A classic communist struggle session. And Rogan and Tim Poole were trying to help Jack Dorsey out of that moment. And the board was forcing, oh, perhaps, no, Nathan's a brilliant, brilliant to bring that up. Because that was exactly the, for me, I think it was actually the moment when I started to realize, now Dorsey's, I need to stop reacting to what I'm seeing and start reacting to what's real and see beyond it. Now, I've always been able to see, but I finally was able to, like, get my anger over Twitter.

Starting point is 00:29:25 because they had me, you know, as a doctor and a libertarian, they had me triggered on that because free speech. 100%. I mean, to be honest with you, the evolution of Gold Goes and Guns as a Patreon service is thanks to Jack Dorsey, because we started a private Slack discussion server for all the people who were afraid of getting in my orbit at that time. There were many people that were worried about free speech. So we created a private server on Slack to just chat amongst ourselves, right? Well, guess what? It's now a core asset of gold, ghosts, and guns because they've added in. I gave it to all the subscribers for free. Well, not for free, but this part of what I was already giving them.

Starting point is 00:30:05 And I'm like, I'll just give them that as well. And now it's turned into this hide mind that keeps me informed on a day-to-day basis. It keeps me challenged on a day-to-day basis. So, I mean, it's funny how these things work out over time, right? So where we are today is we're at a moment where we have. in the United States for the first time a powerful nation. We actually have three powerful nations. We have China, Russia, and the United States, all powerful in different ways, right? The Russians have completely jacked out of the old system. They're out of swift. They don't own any U.S. Treasury bonds. They have a private relationship, banking relationship with China. They're building relationships all across direct relationships, economic relationships all across Central Asia. They're doing diplomacy

Starting point is 00:30:49 all across Central Asia. They've got means by which to interact and still sell all their goods around the world without having to interact with the U.S. dollar system at all if they do not want to. You get the Chinese who still have a closed capital account in one of the largest economies, in the least in terms of nominal GDP in the entire world, and they can control how wealth moves across the border in and out of the country. And then we had the last one, and we have the globalist compromise, but yet incredibly powerful United States with the dollar that serves as the world's global reserve currency. and unit of account and

Starting point is 00:31:26 trade's dominant trade settlement currency, but who was never up until very recently in control of its own monetary or fiscal policy. And so now that though, we have now, to make a long story short, we're gaining control over fiscal policy because we've gotten control over monetary policy. The first thing you had to do was get control of monetary policy.

Starting point is 00:31:44 And the problem for most people that they want to understand is that the U.S. was never really in control of the value of the dollar when we were on LIBOR. LIBOR is the London Interbank offer rate. LIBOR set the price of dollars around the world, including inside the United States. Okay? Because all of our debt contracts are credit cards, our car loans, our credit revolvers, corporate paper, all of that stuff was quoted as a functional LIBOR.

Starting point is 00:32:12 Certainly, you know, 30-day paper and seven-day paper and short-term interest rates and everything else. And so if that market started to seize up, it would force the Federal Reserve to alter monetary policy as a function of what was happening and what's known as the Euro dollar or the offshore dollar market. So the offshore dollar market was enforcing par on the par value of the dollar onto the Fed, when the Fed should be enforcing the par value of the dollar onto the rest of the world. That reversed during Trump 1.0 when we started the process of moving off of Live War to the secured overnight financing rate, which is known as today as SOFER.

Starting point is 00:32:48 And SOFER is bait and SOFER is a, an interest rate that is, um, quoted on a day-to-day basis of what happens in the U.S. monetary money in repo markets. And that is a market rate. It's collateralized, unlike LIBOR, which is just an uncollateralized rate that, you know, 18 London bankers got together at 5 o'clock in the afternoon and went, eh, 5.125%. Right. Now it's whatever the market says it is.

Starting point is 00:33:15 So if London starts to get into trouble, London can't call up and move the price on LIBOR up to 25 or 30 basis points to help cover their problem or worse than that, move it up 200 basis points to force the Fed into a into cutting its rates, into into a cutting cycle early. So what I would invariably what happens is the Fed would start to raise rates when the United States economy would get, would overheat. And they, and they, and so it was sort of raise rates in order to pull things back under control and cut back on monetary issue, money, money issuance because it didn't need it.

Starting point is 00:33:52 and to keep inflation under control, so what would happen? When that happened is they started to raise rates because the euro dollar system is more leverage than the domestic U.S. economy is, LIBOR would start to blow out to the upside and demand for dollars would start to rise very quickly because they needed to service all the debt issued in the previous cycle, and they can't afford to have the Fed funds rate at 5%. They needed a 3.5%. So, but because they so LIBOR would start to blow out, demand for money would rise, people would be starting willing to bid for US dollars overseas, 5, 6, 7%, 7%.

Starting point is 00:34:30 What happened now? Your credit cards went from 12.99% to 17%. Your adjustable rate mortgage went up by 300 basis points. You went to go, you know, go buy a new car. And, you know, last month they were quoting you, you know, $4.99 for a 48-month loan. And now they're quoting you $7.99 on. a 48-month loan. Or they have to, or so then you'd have to go out in time with 60 months or 72 months and everything

Starting point is 00:34:58 else. And so what would happen? It would engender a recession here at home and the Fed would have the cut rates before it was done flushing out the malinvestment from the previous cycle, which, you know, which validates the whole Austrian business cycle argument side of the argument. Great. But it doesn't, but who is it serving? It's serving offshore dollar needs, Hong Kong, London, Frankfurt, Amsterdam, all those guys. poor, not us in the United States. And so slowly, as every one of these cycles happens, every monetary cycle happens, our economy gets hollowed out more and more and more, and they keep getting all the money. What do we do on Capitol Hill? Well, we're supposed, we're good Keynesians.

Starting point is 00:35:37 We're supposed to counter-sically spend into the recession. So we up the amount of G in the GDP number and then the whole thing. And it just keeps ballooning out of fucking control. That reverses itself under Sofer. Now, Powell raises rates to five and a half percent and the American economy doesn't crash. Now all of a sudden, Peter Schiff looks like an idiot. Now all of a sudden, every dollar bear in the world looks like a moron, mouth-breathing moron with two teeth. And they still have jobs, these people. It amazes me because you think about it like, no, you were wrong. You said the Fed would get the 1% and the economy were crashing to be right back down to the zero bound. Never happened.

Starting point is 00:36:19 They went to 5.5% even raised rates during a banking crisis. March of 2023. Raised rates during a banking crisis. Where's banking crisis since 2008? Raised interest rates, 25 basis points in the middle of it. Why? Because you could. As a flex to let everybody know, I am in control of this.

Starting point is 00:36:38 We control our capital markets. Not you. You get to deal with it. And it forced Christine Lagarde at DCB. And three years with the yield curve control. It forced Janet Yellen, who's a fucking. trader into issuing one and two year notes, which is what we're dealing with now with the whole fiscal, the whole debt rollover, all of this stuff. It's all tied to trying to save Europe,

Starting point is 00:37:05 every bit of it. It's all to serve the high cable and not serve the United States. Sofer's the law of the land, folks. It's far more powerful than all of this stuff. So what it's doing is it's draining the leverage in the offshore dollar markets and forcing them to put their money, their real money on the table. All that capital and all that wealth that they stole over the last 400 years is having to be dumped onto the table in order to keep the system solving. They're part of the system solving. That's what's happening right now. And Mark Carney is an expression of, and Mark Carney wanting to effectively liquidate Canada into this is part of that game as well. In short time, I can go on for half an hour to explain.

Starting point is 00:37:50 some of the mechanics. Oh, I believe you. Yeah. No, but essentially, is that, it's an education. I'm sitting here. I have so many questions, but I know Nathan wants to follow up.

Starting point is 00:38:00 I'll let you get in there, Gary, in a second. I apologize, but I want to ask them. So we're talking about the, like the end of central banking error. Is that kind of what you're seeing in the sense that these moves

Starting point is 00:38:08 with the switch from LIBOR to SOFER is ultimately going to cause basically a credit contraction in the Eurodollar system that would basically call everybody's bluff? It's already happening. It's already happening. Yeah. It's already happening in every way.

Starting point is 00:38:21 And that's why they hate Trump. That's why every move that Trump makes. When you look at it from this perspective, I didn't believe that Trump was like hip to any of this stuff, any of it. When, you know, he was running for office last year, I'm like, well, if he comes back, if we get some, we get some good stuff. Even if he just goes after his enemies, that'd be good enough because by proxy, he'll come in like a bull in a china shop and blow up a lot of people who deserve to be blown up.

Starting point is 00:38:47 But it won't be with any kind of strategic. acumen, right? Either so many of the Trump administration is listening to me and the people in my circle, or they actually are even smarter than I am, which is what I expect. That's the reality. I'm actually just a reflection of what I'm seeing from them. I certainly don't think that I'm leading anything here. I just think I'm reading the data that's in front of me with the right strategic framework. Once you get the right strategic framework, then it's in many ways. If that works for you, if that continues to check out, then you know that you can use that as a foundation for all your future analysis. Look, I'm a scientist. The end of the day, I used to be a chemist.

Starting point is 00:39:27 I know how to write experiment protocols. I know how to test, and I know how to test variables. I know how to, you know, I know how to test for the null hypothesis. I know how to do this stuff. I've been doing this shit my entire life. So, and that's the way I approach a lot of this stuff. And if I was wrong about any of this stuff, I would say, gone, I was wrong about that. And that means, but since I was wrong about that, that means like everything else, that means you can now eliminate that and now start to look where you were right, right? Because that's what science is. It's not about, it's not about creating consensus.

Starting point is 00:40:01 It's about rejecting that which is untrue in order to get you closer to what is true, even though you know, you'll never reach true because Zeno's paradox is still operative. Right. It's a method. It's not somebody in a lab coat and glasses. Right. This is the scientific, science is the scientific method and falsification and positivism has its uses. It is not the end all and be all of human inquisition.

Starting point is 00:40:26 Let's just get rid of that shit right now for all of you, trust the science, morons in the audience. And maybe there are some of you out there. And if you are and you're offended by my voice, good. Like, seriously, good. This is the wake-up call. A priori. is important. That's how you create hypotheses.

Starting point is 00:40:48 The positivism is how you test hypotheses. You cannot take the testing protocol and make it the philosophical underpinnings of your world view. It doesn't work that way. You can't backtrack an ethos from a, from, you know, again, are you Canadian or are you not American? Same problem.

Starting point is 00:41:06 Yeah, 100%. So where were we? I was like, I have so many questions, but I give Gary a chance to jump in. here too. Go for it, buddy. Well, I mean, there's just so much to unpack, you know, and I can tell you that for years, you know, I was always used to, you said a libertarian, I used to work for a congressman in D.C. And I was always kind of like the token libertarian in the office. And part of it came with a bit of natural skepticism, you know, people would send me letters. I'd see letters all the time from constituents

Starting point is 00:41:34 with all sorts of different conspiracy theories. And I'd say up until recently, I wasn't much of a conspiracy theory guy, if only because of the whole Occam's Razor thing. Like a conspiracy takes a lot of people to keep their mouth shut and the odds of that happening are like really, really long. So I was always, I was always the skeptic on that and yet in the last, I guess, year or two, I've been, I guess, opening my mind more and more to that. But what you've been talking about just seems like an entire level that I've never even considered. I mean, you're talking like hail hydra type stuff. You know, I, you know, a lot of the, I'm like, Gary, you're not wrong. Like, I'm not saying that it's, like, I don't think it's a big, I don't think it's a big conspiracy.

Starting point is 00:42:19 Okay. I think it's a lot of people with their own interests. And it's a system that has been running on autopilot, in many ways it runs on autopilot. And it has its tentacles everywhere. But you see the reflections of it all over the place. You know, it's the greatest trick the devil ever pulled was proving, you know, was making you believe it didn't exist, right? Well, that's the big one. The term conspiracy theorist was created in the bowels of fucking Quantico,

Starting point is 00:42:47 or Langley, sorry, I always get Quantico Langley. They did it on purpose in order to describe it, that what they were actually doing. Fair. We have intelligence operatives out there. We live in a world of overlapping sciops. They're very good at what they do. They've got us all maps psychologically. They've got AIs running on us all day long.

Starting point is 00:43:04 And we want our, we want to believe in competence, is more operative than malice. I was going to ask you about that. Go on, yes. Because it makes us sleep better at night. Yeah. Yeah. I used to be, sorry.

Starting point is 00:43:25 I used to always be on the side of, I would always go through the process. I want to believe in malice, but let me go through the incompetence thing first. When I was a hardcore libertarian, I would do that because it was easier. But I also always had it in the back of my head that there are people out there, trying to put their, their thumb on the scale. Like, I've never, I've never said, I've never called these people like the Davos crowd, what I would call the Davos card. I've never used the term the people who run the world.

Starting point is 00:43:53 I don't use that phrase. I use the phrase the people who think they run the world. Oh, okay. Okay. So they have the ability to go and influence things and make things happen, but that doesn't mean they're actually in control of anything. Let's talk about the Romanian elections that happened yesterday. So the first round of all right, Romanian elections back,

Starting point is 00:44:11 a couple months ago, Kaelin Georgescu comes out of nowhere, the populist to say, no, war with Ukraine, no, we don't want the big doubling of the NATO base to start an air war against Crimea two years from now. No, we don't want any of that. Well, he was the beneficiary of $10,000 worth of Russian propaganda. Therefore, he can't be president. So what happens yesterday? I don't know. Their candidate came in third. And another populist took his place and won the vote. And then the conservative guy squeaked out a second place victory. We got second place over the Davos approved third place guy. Like, it doesn't matter. The remaining is like we're not living under communism. I don't care if it has a German accent or a

Starting point is 00:44:57 Russian accent. It doesn't matter. Okay. We're not doing this. I don't care. We don't want to be ruled by France, by French or Germans. It's not happening. We didn't like it the first time. We were ruled by the Germans, and we didn't like being ruled by the Russians. We're Romanian. It's over. And now, what are they going to do? They're going to validate this election as well. Are they going to rerun this election? They can keep making them vote until they get it right. I mean, eventually they had to back off on Brexit originally, but that's only because the queen was behind Brexit and because Trump was and because Trump was coming to power. They've since, you know, almost basically reverse Brexit since then. It's the same kind of thing. Like, they will,

Starting point is 00:45:39 they will, eventually they'll accept what happens. is in Romania, then they'll put the screws to Romania in other ways after this, after these guys take power. Because I got to jump in. But I got to jump in. There was something you say kind of in passing that just really struck me as a key and important. Like, why do we see this in Romanian, non-Canada?

Starting point is 00:45:58 You said that we're Romanian. Like, you immediately just intuitively threw out that they have a sense of identity and how that was critical to them being able to reject what was going on and the pressures that were being put upon them. Well, I think, I look at, you know, I've been to Alberta twice now. The last two years, Sean Newman has been very gracious and brought me up there two years ago for an evening that just sat with Alex Craneer and last year we're going to the first cornerstone. And now we're going to Calgary this, this upcoming weekend and we're going to do it again. Bigger event, bigger, bigger thing.

Starting point is 00:46:26 Looks very cool. I'm hoping that it is as successful as the first two attempts up there. I'll be there. I'm looking forward to it. We'll shake hands. We'll smoke a cigar. We'll drink a rye. I will do the thing.

Starting point is 00:46:38 So what's important is that I felt it then when I went up there two years ago, and I'm feeling it now. Albertans have an ethos. They do. They know what they are. And they're not going to say, we're not Laurentian elite. They know what they are. They're Albertans. And, you know, I have it on good authority that the people in the wilds of British Columbia outside of Hongover.

Starting point is 00:47:10 are that way. And I have a, and I believe that the guys in Saskatchewan are the same way. Like there's a, you know, and so I'm not, I don't know that they necessarily have to see themselves as Canadian anymore. They're beginning to see themselves as Albertan. In the same way that at some point during this whole America, you know, when they were, when they were deracinating America, right? And we were really worried last year as to whether or not Trump was going to come back to power. And even then, I was theorizing then. I'm like, well, if Trump wins, then the blue states were going to try and secede from the red states.

Starting point is 00:47:52 And if you lose this, then the red states are going to have to secede from the blue states. That's what they were setting up for us. They were trying to figure out a way to set that up. And I kept saying, well, you know, everybody better get used to calling themselves Floridian. And Florida hasn't eased those, folks. and it ain't Disneyland. Not where I live in Florida. Let me tell you.

Starting point is 00:48:13 Okay. I live 25 miles north of Gainesville. Like, ain't no blue hairs where I live. I live in the most red county in all of Florida. We voted in Columbia County. We voted 80, 20, Trump. I read an amusing thing a few years back. Somebody said,

Starting point is 00:48:29 The farther north in Florida you go, the more in the south you are. That is exactly correct. Until you get, I actually have a patron who's a very much an unconstructed southerner. And I say that with all love and respect, by the way. And he said, Tom, you don't live in North Florida, my friend. You live in Southern Georgia. And I'm like 90 or 100 miles inside of the Florida border. I mean, Baldass is a good hour and a half north of me.

Starting point is 00:49:02 And Florida is a big state with a lot of subcultures. But Florida has a cultural all of its own and an ethos all of its own. And even then, you know, I go to South Florida and, you know, there's a, it's a very interesting mix. It's a big mix of, you know, New Yorkers and, and, you know, Michiganites and native Floridians and everything else. And at the end of the day, though, we're Florida. And I love the fact that they've tried to meme into existence that Florida man is some weird dude. And everybody's like, no, Florida man is like the most based motherfucker on the planet because he's out there like rescuing his dog with a cigar in one hand and, you know, pulling the, pulling the dog and pulling the dogs out of the alligator's mouth with the other and not losing his cigar. Like, you know, that's Florida man.

Starting point is 00:49:51 Like, you know, there's a certain, there's a certain love to that. And yes, there's a certain love to the to the crazies that live in Florida too. And we're just like, oh, yeah, yeah, that's just Jerry. You know, you can't, you know, there's pockets of shit liberty and then there's Florida. And, you know, mostly the university towns. And then, but even as, you know, the longer that they import other cultures into Florida to try and turn it purple, bringing the Puerto Ricans into Orlando and to bring and to bring the Cubans in, the Miami and this and everything else at the end of the day, the longer they stay here,

Starting point is 00:50:27 the more base they become. Like, Florida is so not blue. It's not funny. Like, once we cleared up, elections, Florida is no longer a purple state. You know, it's not, it's not even close. Florida's like plus 10, plus 10 red, folks. And it, and it gets more and more based every day. You know, the, the college towns are are what they are. Gainesville's a lost cause. Halassi's a loss cause. But, you know, other than that, like, it's all good, you know. But we'll set up a, you know,

Starting point is 00:50:55 I'll be happy. If we had to, we'd set up a, we'd set up a little thing on the border, I-95 and I-75 and 3-01. Like, you ain't coming in. Say the, say the, say the, the place. What's the pledge? Lincoln was a tyrant. Yeah. Or no, you can't, no, you want to pay that? You want to want to say that? That's fine.

Starting point is 00:51:12 We're going to get rid of probably, the Sanchez wants to get rid of property tax down here. And you know why you go and know why he wants to get rid of property tax? It's not about the fact that we don't need the money. It's the fact that the property values have gotten so out of control. And because the, because we tax based, you know, the school boards get a percentage. They get a military base based on the value. the property. So these freaking, like school boards are, are flush with money in ways you would not freaking believe. He wants, this is an attack on the whole DEI educational complex and the

Starting point is 00:51:47 frigging commies that have taken over the educational complex. That's why he wants to get rid of property tax in Florida. And by the way, we're still so well managed. We can get rid of property tax, residential property tax in Florida. And we'd still have more than enough money to build all the roads we need to handle the influx of population. I've always hated property taxes because it's basically just an unrealized capital gains tax, which is absolutely ridiculous. Yeah. It's the original sin of government.

Starting point is 00:52:11 You don't own your property. You owe it, OW apostrophe, and you owe on it in perpetuity to the government. God. I have so many things I want to ask. I want to ask about how this relates to Bitcoin. Obviously, it's a Bitcoin podcast, but something you mentioned earlier. And Nate, sorry from jumping in on something you were going to ask. I love Bitcoin.

Starting point is 00:52:29 Okay. I have a specific question that I have a specific question that I've ever. couple general questions. But the specific question is you talked about earlier how the Davos crowd hates nationalists. And, you know, I guess I wonder, was there any impetus beyond Steve Bannon himself that got Steve Bannon ousted in Trump's first term? Because he very much seems the antithesis of the nationalist crowd. Yeah, no, Steve Bannon is not the, the Davos crowd. Yeah. Oh, yeah. Steve, no, Steve Bannon's problem is that he, I don't know. I'm not going to I I I don't know what I can what I shouldn't say without you know getting

Starting point is 00:53:06 getting up to liable I have an opinion about Steve Bannon and all I'm going to say is that once Navy intelligence always Navy intelligence okay interesting okay yeah and I'm not not I'm not asking it as if I'm a specific fan of the guy or not I'm just curious because I know I'm not a fan of C Bannon either and I like the whole like maybe you know the whole there's something about Bannon and his um you know I don't know like there's that that whole wing of the Republican Party that is trying to push Trump into a war with China is an issue because one of the problems, I think, in some ways, maybe you can, maybe you can argue with this way. And it's hard, and it's hard to say. And I'm just going to like speculate here. This is not,

Starting point is 00:53:50 I don't even have an opinion here. I'm going to say some things now that I don't even believe. It's just now. Now I'm just throwing it out. Now, this is what I do, by the way, which is the following. Bannon's obsession with with China makes him try to, in a sense, is he's trying to push Trump into a conflict with China to ignore the high table. Oh. Is that what's going on? Because remember, it was MI6 that was instrumental in Russiagate.

Starting point is 00:54:30 Everything about Rushagate went through an MI6 operative. Okay. Through steel and Bill Browder and all these people who are on MS6, either XMI6 or current MI6 or MI6 in name only. Browder, of course, has always been MI6, by the way. And if you don't know who Bill Browder is, you need to do some freaking homework because he's the most important player in all of this, is how we got the Magnitsky Act and targeted sanctions and this, that, and everything else.

Starting point is 00:54:56 All of it. He was there. at what he was he was there with you know the the uh with the the kill fit and saffra like the the framing of of yeltsin the the ucos is all down the brown browder was on the ground in the 90s with with with with with with suitcases full of dollars to go buy up all the russian stocks gas prom and ross as they were being um privatized and all it was just egregious that guy is as dirty as The day is long. He's been, you know.

Starting point is 00:55:31 And so 90% of Russiagate went directly through the battles of MI6. Gina Haspel was put in charge of the CIA to make sure that none of that came to light. Like, you know, she was running cover for everybody. Trump was in occupied territory in the first term. And Congress and the Senate didn't give him, you know, didn't give him. anything and no one wanted to work for him and no one and he couldn't get anybody. He didn't know the powers of the president in order to actually do his job so they were able to ring fence him very easily.

Starting point is 00:56:09 In the intervening four years, he's come back with the staff who knows exactly what to do and how to operate within the up to the limit of and even just over the limit of presidential authority and then forced a moment to its crisis point, which is what he's doing right now. And it's all part of the strategy. Bannon got himself thrown out of the Trump administration. I'm going to speculate because at some point, Trump finally figured out that he was working for that part of the administration and of the American deep state that wanted war with China

Starting point is 00:56:51 for Davos's purposes of weakening China and the United States at the same time for them to get into China. That would be my argument. And I don't know that it's a real one. Yeah, it's an interesting one. Is Trump that insightful, though? Isn't that fascinating that people don't want to believe that about him? I don't want to believe that about him.

Starting point is 00:57:11 And I'm no like Democrat or like, you know, like Trump's the devil or anything. On this front, I used to have TDS. Okay. I never wanted to give Trump this kind of credit. Okay. But four years of persecution to the point where they nearly bankrupted him, and everything that they've done to him and everything to take a shot and then and then they finally took a shot at him and they missed like I don't believe that

Starting point is 00:57:40 he understood a lot of this stuff but his winning in 2016 opened the door for all the things that we talked about so for I've worked because look Jerome Powell is is is elevated and to um FMC chair in February of 2017. And then Trump immediately nominates John Williams to the head of the All-Powerful New York Fed, John Williams being the architect of Sofer, the guy who wrote the fucking paper. And composed Star Wars. So he's very talented.

Starting point is 00:58:19 Well, yeah. And who might share a birthday with, by the way. That's one of the great thing. One of the few things I really am proud of in my life is I was born on the same day. It's John Williams. So because musician first, all this other shit second. And going all the way back to when I was nine years old, 10 years old. And wore out, I think, two copies of the original soundtrack on vinyl.

Starting point is 00:58:42 Oh, yeah, I used to listen to it all the time. So the, but John Williams is the head of the New York Fed and a very powerful New York Fed. And he's the architect and the implementer of SOFA. Those things happen in the first six weeks of the Trump administration, the five-year rollout to get SOFER from pilot program. into its current state as the law of the land and the law of the world now effectively. That happens and Trump doesn't even know what's going on, I don't think. And I firmly believe that he was allowed to come into power or maybe they did steal the

Starting point is 00:59:18 election for him in 2016 in order to make sure that he did come to power. And Hillary Clinton wasn't lying, but it wasn't the Russians that did it. It was the sovereigns wing of the DoD and Wall Street and the intelligence services that did it. Or he just won the election and they saw the opportunity to use him as a vessel to get done what needed to get done as the foundation. While he's out there like being Mr. Chaos, they're getting all this infrastructure laid to fundamentally change the way the world operates. Because you understand that shift from LIBOR to SOFER is a fundamental shift in how the world moves all the money. Because we price dollars, not them. And the dollar is the world's dominant currency.

Starting point is 01:00:15 And then everything about the dollar is going to go to the way of the dodo and the this and that. And the United States, it's all SIOP. Because we're still in a dominant market. And it's still in a dominant market position. Why? I didn't want to believe this. I used to be, you know, I'm still, in many ways, I'm still a dollar bear. I'm still a gold guy.

Starting point is 01:00:31 I'm still a Bitcoin guy. Still a hard money guy. But reality is, is that market share matters. Covenants matter. Investment prospectuses matter. Fund prospectuses matter. You know, insurance companies have rules of what they're allowed to and what they're not allowed to invest in.

Starting point is 01:00:52 These things matter. And they matter more to money flow than, your math or your logic, which is why I yell at Bitcoin maxis all the time. Guys, you're not wrong, but you're not right. You're right in theory. You're wrong in practice. Because in practice, if the dollar, if the people who are the stewards of the dollar, I've said this many times and I'll say it again. And I'll say it slowly so that this time that everybody gets it. Please do a Bitcoin maxi. Go slow. Bitcoin was birthed as an antipode, as an oppositional force to a dollar that was being fundamentally betrayed, to a financial system that did not work for people. It was designed and it was birthed into a situation where the dollar was being betrayed by the very people who were its stewards.

Starting point is 01:01:49 and it operated and grew like you wouldn't fucking believe brilliantly while that was going on. While we had Bernanke and we had Yellen destroying the dollar and Congress destroying the country. And by extension, the dollar reserve system. Well, the dollar reserve system was over by the time. The dollar reserve system ended in 2008. We've been in the then we were in the coordinated central bank policy or up until 2021, 2022. and then Powell started raising rates and that was all over. Once Powell started tightening the offshore dollar markets, that system was over and

Starting point is 01:02:24 now we're in the breakdown period. Now notice what's happening. Bitcoin is great because Bitcoin is being brought into the financial system in order to be another node of collateral that has no counterparty risk, just like gold. That's its primary function. But Bitcoin as a thing operated beautifully as an antipose, to this system where the Fed wasn't defending its own product. No one ever, no, no, I know Bitcoin maxi I ever talked to, ever considered the idea.

Starting point is 01:03:01 When they said, oh, Bitcoin's going to will. It's going to rule. It's going to win. It's going to win. It's just math. Like you wouldn't believe trillions and trillions of dollars of market share and ability to control the plumbing and everything else. Can the Fed co-opt and use Bitcoin to reinforce the dollar?

Starting point is 01:03:30 Oh, you betcha. And what does that world look like? And is that just, now to the Bitcoin maxis, that's just an interim period until we get to the Bitcoin standard. Maybe you're correct. But how long is that period going to be? Is there going to be long enough for you to be able to act on? Is there going to be long enough that you can act on it and you can,

Starting point is 01:03:49 you can plan your life around it, or are you still going to have to buy T-bills at 5.5% in order to put your kids through college and buy your son, the GI Joe with the country fucking red. Because this is the real world you have to live in, where you have to make investment decisions today, not 30 years from now. This is not to say you shouldn't stack stats, you shouldn't do this, you shouldn't do that. Of course. It also means you shouldn't shit on tether because without tether, there's no Bitcoin liquidity. You shouldn't shit on Ripple because Ripple gets to be the friggin new Forex and takes all this power away from the city of London, which still settles 30% of the world's Forex, which we pay a principally sum between 3 and 8% to do, which Ripple can handle for pennies in seconds. That's to say that I'm a big fan of Ripple or the possibility of Ripple, like, stealing everybody's thunder, or are they compromised?

Starting point is 01:04:44 Do they work for the high table? They work for this. I don't fucking know. I just know what's happening. What's happening is that it's being brought in and to be another foundational block in a new financial system. What's the stable coin bill? The stable coin bill is literally, as I talked with, I was on with, I had Caitlin Along on my podcast again. Another big bit co-binole-oinger, Katele-Long, custody of bank, like the whole thing.

Starting point is 01:05:06 She's like, the stable coin bill is going to, through Tether is going to bring the U.S. Treasury market to places in the dark places of the world that we could never figure out how to bank. But that's what Tether's doing right now. There's also got 21 capital as well, too. So, Tether's taking both sides. I said, Tether's also backing the 21 capital, the new Jack Mallor's venture. So they're taking both sides of that trade.

Starting point is 01:05:27 They're taking both. They're taking all sides of all trades. They're issuing a frigging gold tether. They're issuing, and they've got kiosks and allow people to bank and save. And like, it's happening. And guess what? It's all backed by U.S. treasuries. All backed by T-bills.

Starting point is 01:05:42 Some of it's backed by gold. It's got a little Bitcoin underbalance sheet. Got a little gold under balance sheet. Got some long-term treasuries. mostly got short-term treasuries. You know what they don't have their balance sheets? German buns. You know what they don't have on their balance sheets?

Starting point is 01:05:56 Canadian dollar debt. Yeah. Because the very idea of that tether putting Canadian dollar debt on their balance sheet is laughable. Why? No one wants the Canadian dollar. They all want dollars. No, no. And people don't want Bitcoin.

Starting point is 01:06:14 I mean, they want Bitcoin, but they want Bitcoin as collateral for all of those. trades because what is Bitcoin? Bitcoin then through as with the U.S. Treasury's proxy is literally collateralizing SOFA. Now, in the end, are we going to get rid of the U.S. Treasury and just go directly to Bitcoin on the Lightning Network or something? I don't know. Like, I don't know. I don't care. I mean, I do care, but I don't care. What I care about is that having Bitcoin is collateral in the same way as really re-monetizing gold is collateral as a Tier 1 capital asset under Basel 3. you have those two things, what are they doing? They're reducing the leverage in the system.

Starting point is 01:06:54 All the shit that we bitched about. The whole reason we became Bitcoiners in the first place. Bring the leverage down, folks. Get closer to sound money with a good hard collateral underpinning of our markets. With admittedly a lot of, I would argue, necessary temporary liquidity that's added that's created in the market in order to liquefine trade because of the time mismatch that exists between payments and production, which goes right back to Von Mises and the theory of money and credit. It's just like the credit's going to

Starting point is 01:07:39 take a different form. Okay. I got to jump because I'm curious in this too. So there's a big Bitcoin right for you. I'm trying to, I'm trying to bike like, like, I'm I mean this with all the love in the world. I would like to be a Bitcoin Maxi, but I don't have time to care about the theory. I like to. I used to think in that term. If I had thought in those terms 10 years ago,

Starting point is 01:08:04 I would have never sold a Bitcoin. I would have never had my original Bitcoin's to get stolen. And you and I wouldn't even be talking anyway because I have so many frigging Bitcoins that have a free of private island somewhere and being blown by the Cabana girl. Okay? Because I literally had something like, 200. I sold 220 bitcoins for a video car for 220 bitcoins at one point in my life.

Starting point is 01:08:25 Oh. I got stolen off a key. I got stolen by a key logger for a guy looking for my World of Warcraft password and got my Mount Doc's password instead. Oh my God. When they were $2. Well, now you're stuck talking to us, Tom. So it worked out for me, but terrible for you.

Starting point is 01:08:41 I mean, let me put it to you this way. My life is actually infinitely improved because I lost all my dicklines. I mean, you know, if you die, the. beard, I'll consider the BJ, but you've got to come out a little bit more than that. I'm not going to like stand up and, you know, teabagged the camera. Okay. Jumping back for one second and two, with that, it kind of sounds like, but it could be wrong. Are you kind of on the same boat as like Brent Johnson with the dollar milkshake theory

Starting point is 01:09:09 than thinking that like something like gold, Bitcoin and dollars could all rise in value? And caveat to that then, if that's the case, wouldn't that mean that continuing to onshore manufacturing back to the U.S. would be extremely difficult or impossible as the dollar value continues to rise? Yes and no. It depends on what you're talking about because ultimately the dollar is going to have a par value that's domestic and a par value that's international. And the international dollars not going to be able to defend par at their level, meaning the value of the dollar, one to one, dollar for dollar. We can create dollars, we can create preferential dollars that spend here with a higher purchasing power than the dollars that are spent overseas. And therefore,

Starting point is 01:09:49 we can bring manufacturing back and we can generate the wealth internally and the dollars overseas, they could lose, they could lose value. And the dollar could probably wind up being, I expect the dollar to, quote, unquote, lose this reserve currency status. I think that I don't think our current Fed chairman believes that the dollar, that the reserve currency status of the United States is something that we should be defending. Powell's at all but said this multiple times at Humphrey Hawkins' testimonies. I believe there's room in the world for more than one reserve currency.

Starting point is 01:10:21 Now, was he talking about Bitcoin and the U.S. And the dollar and gold? What was he talking about? He's talking about the Chinese yuan. Was he talking about the Japanese yuan? I don't know. It doesn't matter. What he means by that is like, look, this is a privilege that we can't afford to maintain

Starting point is 01:10:34 anymore. We don't have to maintain those things. And we can allow the dollar to fluctuate. I mean, again, strong dollar versus what? Okay. There's always a denominator somewhere. Like the dollar can rise versus the euro and rise versus, you know, the pound and still lose to gold and Bitcoin, which is probably what's going to happen.

Starting point is 01:11:01 Like, I don't think that the gold bull run is over. I don't think the Bitcoin run is over in any way, matter, shape, or form. I don't think, you know, I don't think any of that is over and done with yet. I don't think we've even begun to get started on all of this stuff yet. I think this is the next phase of it. But we're having a hard time conceiving of a dollar that exists for different markets because we've always considered the global market for dollars to be one thing. Well, you know, who created that system?

Starting point is 01:11:31 A globalist. The globalist like Alex Jones. The globalist, all the globalists. You know, I mean, I can't do it. I can't do it. I can't do that. I'd like to, but I also like to keep my vocal cords. So I abused them enough with these.

Starting point is 01:11:47 fucking things. So, yeah, I think that that's what I'm focusing on, or not focusing, but that's what I see in the future is that we can have a digital U.S. dollar that circulates domestically that's only backed by treasuries or assets held and owned by the U.S. government and by American citizens or American companies. Like, could you imagine, you know, U.S. treasuries are only sold to Americans? Why is that such a radical thought? Like, you have to be an American citizen or an American corporation or American LLC with primary ownership and, you know, with primary American citizen ownership to domiciled in the United States and they're the only ones who are allowed to own them.

Starting point is 01:12:36 And they can't be pledges to collateral in the, in the offshore dollar markets either. That's, capital controls are going to go up around the United States. I mean this sincerely. Like, you have to realize that that's where we're headed. But they're going to be soft capital controls in that respect. So that's coming. And part of what Mark Carney that brings all the way back to the beginning, what part of what Mark Carney wants to actually do is maintain that ridiculous trade imbalance

Starting point is 01:13:05 that we have with Canada because that's a source of offshore dollar liquidity that can be then levered up because it's $10 billion a month flowing into the Canadian central bank's coffer, which then can be loaned out through the Canadian bank. banking system, which you know, you guys have, your banks have charters here in the United States, but we're not allowed to have charters over in Canada, which is insane. And, you know, because of that, that's how he's going to then lever those dollars up and then use them to try and help enforce the par value of dollar overseas. It's not going to work.

Starting point is 01:13:39 It's not enough money. But it's enough to slow the process down because what they're doing at Davos right now is everything is just about extend to pretend. to get in the way, stop. It's what you're seeing financially and politically is in the United States right now is no different than the way the Ukrainians are trying to stop the Russians. Yep. Can't be done.

Starting point is 01:13:59 Like give ground, fight for every inch, fight for every inch, and try and hold this off until the cavalry can arrive. Basically what they're saying, the translation on that is we're just trying to get to the midterms so that we can steal the midterms, impeach Trump, get rid of them, and start the process over again. I got news for you. all those people who are going to do that are going to wind up in jail. Listen to Felcy Gabbard very carefully.

Starting point is 01:14:20 That interview she just did with Megan Kelly will tell you what the strategy is there. They're going after all those people. They're going after Act Blue. They're going after all that stuff. And they're going to dismantle all of those things. And at some point, Trump is just going to suspend habeas corpus and start, just like Lincoln. He's going to suspend habeas corpus. It's coming.

Starting point is 01:14:42 Yeah, I know there's a thing. When Lincoln faced the exact same thing, when you read, when you, you reframe the civil war, or as we like to put it here in the south, is the war of northern aggression. No, the recent unpleasantness. You have to think of the recent unpleasantness. You have to think like a Floridian. Of course.

Starting point is 01:15:00 But yes, the war to prevent southern secession. Or the war to, or from Lincoln's perspective, the war to prevent France and Germany from destroying the colonies, recapturing the colonies, which is the other way to look at it. Yeah. When you look at it from that perspective, Lincoln is no longer my least favorite president. Herbert Hoover is. Oh, he sucks. Yeah, Hoover or Wilson.

Starting point is 01:15:30 Wilson. Yeah. Wilson. Yeah. Wilson. I always get Wilson and Hoover. Because they just, it's bloodless fucking, like, they make my bloodless fucking loss. They make my skin fucking crawl.

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Starting point is 01:17:00 If you find that you simply don't have time to go through other tutorials, the books, and the guys. You can book a free strategy session with me by simply scanning the QR code or clicking the link in the description down below. Discover how Ben, Gary, myself, the entire expert team at Bitcoin Mentor can help you accelerate your Bitcoin journey. Simply scan the QR code or head to Bitcoin Mentor.io to learn more about how we can help you. My question then, Tom, is with all the geopolitical realignment, and we see what's going on in Romania, and we see what's going on in Italy, and there's kind of a bit of an independence movement from what I understand going on there as well, too. If we're going to have capital controls keeping dollars inside of the U.S. or at least trying to draw them back onshore,

Starting point is 01:17:41 wouldn't that necessitate that the rest of the world is going to have to move to something else for the pristine collateral? And do you see? Bitcoin and gold being the collateral instead of T-bills that's necessarily moving around in the Eurodollar system. Well, the problem with that is that Davos absolutely does not want hard collateral in their system. Their system is predicated on selling your life back to you at pennies on the dollar through debt and debt slavery. I just published a podcast with the Ian Burling game on Friday or Saturday morning, which I really do recommend everybody listen to. And yes, if you think I've dropped a lot of F bombs in this thing, no, no, no, no.

Starting point is 01:18:23 It's definitely not for safe for work, put the headphones on, keep the kids, you know, get the kids corralled after the kids go to sleep. Don't listen to what it would work unless you get your headphones on. Because I met somebody who's even more based than I am, and he's not my new best friend. And I mean this sincerely. It was great. And he reframes a lot of this for us in a way that is very powerful. He has published a couple of articles recently, what he describes as the financial kill chain. It's a seven-step process to destroy a country from within through financialization through asset,

Starting point is 01:19:03 identification and then assets and then infiltration and then liquidation. And we are between steps six and seven in the United States. You are in Canada between steps six and seven. Like, we're right there. And they're pulling the plug on all of this stuff. And that's always the last stage of the thing. And but, you know, fine, but China was at that moment. I've alluded to these ideas earlier on the podcast.

Starting point is 01:19:35 China was there at one point before Xi was elevated by the oligarchs. The Russians were there. when Putin was elevated by the oligarchs and by the same argument, the argument at EMX, and I think it's a powerful one, that Trump was elevated by our oligarchs here, a mixture of the DOD, the tech bros, and Wall Street said, that's enough. You're not going to, you're not going to, you're not taking our country. And we're going to bank review this time. And you resist the financial kill chain and like the whole world wants out of the system. And so they're never, so Europe, what's why you're looking at Europe? Do you think Europe is going to

Starting point is 01:20:15 go to hard collateral? They just talk, they just said that we're going to outlaw, you know, all financial privacy by 2027, including Monaro and any Zcash and any of the privacy coins. Again, privacy coins, we're never going to dethrone Bitcoin. I've been an advocate of them in the past. And, you know, at times I even, I own a little Monero, depending on what the ratio is. I'll fuck around, all fuss around with these things every once in a while. And I think it's valuable that, you have access to these systems because being able to, you know, fully launder your money through a, a, a, a, a, a, uh, a, uh, a privacy coin. I think is a very powerful thing that we should all be to to do. Like, we should not all within a, we shouldn't live in a world of open,

Starting point is 01:20:56 you know, financial communication. But at the same time, that's a two way street. The bad guys will use those same, we'll use those same systems for their own purposes. And, um, and they've done it in the past with some of the stable coins. They've done, they did. They did. They, they, they, they used FTX for this shit. They used Terraluna for this shit. This is why the Fed shut them all down. Like, you know, this has happened in the past. And like, if you don't think, for example, the FTX and Tara Luna and all those other stable coins in 2022 were not executed by the Federal Reserve, you are terminally naive. They were. They were executed by the Federal Reserve. And Tether was allowed to stand tall as the Antipode to trade. They'll allow Bitcoin to continue

Starting point is 01:21:33 to have liquidity because Bitcoin had value to the Federal Reserve in order to liquid, and be that hot money sink for the U.S. T-Bill market. Very important. And so Tether's market cap is a very powerful lever that the Fed now has. It's $145 billion in T-bills right now. It's a lot of money. Yeah. I think like the second buyer of short-term T-bills or something like that. Like, it's massive that they're picking up. Yeah. Tether has a as a balance sheet and a profit like structure as a company that's insane. It's truly insane. And the more you look at it. And so I've always like, And I know that there will be a Bitcoin maxis in the audience who will be like screaming. Tethers is a scam.

Starting point is 01:22:12 I said this. I'm like, yeah, you've been listening to the same CZ finance fucking fud that's been coming out of the freaking, the fucking bals of city of London now for the last 10 years and you can't get over yourself. You need to stop it. You need to get over and start looking at the way the world actually operates.

Starting point is 01:22:26 Tether is partnered with the Federal Reserve. Okay. And I've been saying for years that if you want something really bake your frigging noodle, just wait for the day the Fed puts Bitcoin on its balance sheet or did it already do so by proxy. Yeah. That's what's kind of wondering, too, because I would feel that, like, at least in the dying furze of central banks, they would try. They would never do it. Okay.

Starting point is 01:22:45 No, the ECB will never do it because the ECB needs to collapse and destroy all the debt, collapse the member central bank's debt into the European Central Bank, reissue all of that as perpetual debt, collapse it, clean their balance sheet up, and then go for fiscal integration under the ECB as the Central Bank of the European Commission. That's what their plan is. is to do away with the Bank of Italy and the Bank of Portugal and the Bank of Spain and the Dutch Central Bank and the Bank and the Bank of England and all of them to get rid of all of them and to bring them all under the rubric of the ECB as the same right just like we have the Federal Reserve a single issue of money and credit coming from one place the ECB doesn't operate like the Fed does it's not the same institution as a completely different set of of operating parameters and because but it wants to be the Federal Reserve but it it it it has of right now it doesn't operate that way because there's no singular tax and spend authority. I was going to say, wouldn't they have to bring the taxes under the ECB as well too? And they'd probably want to even have a company up with the military as well too, like a European military. Right. And well, that's why that's why Macron wants an EU army. That's why they keep trying to issue bonds through the European Commission. First it was for climate change and the sure bonds

Starting point is 01:23:59 from five years ago. Then it was Ukrainian war debt. Blah, blah. No, we can do it this way. we can skim the interest off the Russian seized Forex reserves and we can issue debt against them and then we can issue and then we can tax the people for, they've tried every freaking thing imaginable and the market keeps rejecting it over and over again. And so they don't, so when I, when I keep saying like the more I watch this play out, the more I'm like, whoever is behind Trump understands how to beat these people. They've sold it to Trump. Trump is executing as the frontman, and it's just running. And so geopolitics, national politics, financial markets, it's all the same thing.

Starting point is 01:24:51 It's all the same story. And the real war is not kinetic. The real war is financial. But if you lose the financial war, the real world become kinetic because that's their only other option. But if you don't have an army and you can't get the Americans to fight for you, and you can't get the Americans and the Russians to hate each other, then how are you going to win? Well, you win by trying to, by turning, you know,

Starting point is 01:25:20 Canada into global homo land and, and steal the Australian elections and everything else. I'll be honest with you. I know, I've talked to Canadians about how the voting system of Canada works. I believe that there are enough, you know, really stupid Canadian boomers, just like we have a lot of stupid American boomers who hate Donald Trump and we'll just vote against their own best interest because they hate Donald Trump. And it also proves to me that, you know, as bad as we think our captured media is here in the

Starting point is 01:25:55 United States, that your media is even worse. And if you think of it, so it's hard for me as an American to believe that anybody's media it could be worse than ours. No, it's, it's pretty bad. I'm beginning to see it. So, and, and, and, but I can also believe that they put their thumb on the scale of the election as well.

Starting point is 01:26:17 I agree. If, I have to assume that there's cheating in every election. It's just a matter of who, how much, and by, how, and which side is basically pushing it harder. And in particular with the parliamentary system, it's much easier because you can also try to remove votes from one candidate as well, as try to add votes to another.

Starting point is 01:26:34 Like, there's a lot more room to, play with. And in particular in Canada, I was coming to the conclusion recently, and I could be wrong on this, just I haven't thought out too much, that I think the idea of conservatives winning in Canada again is actually impossible based on how the seats are distributed towards the east and how it's gone to such a tribal extent that people are just voting for their team. My conclusion kind of basically following Trudeau's resignation was that Trudeau had become so unpopular and untenable that people were basically voicing an opinion that they would vote for somebody else. But as soon as they had an excuse to go back to being on their side again, back with their original home team, they just

Starting point is 01:27:05 immediately did. I think we'll see that East and West Divide continue to polarize, ultimately pushing Alberta to independence. Yeah, I think you're right about that. And it's a very astute point, to be honest with you. We have the same problem here in the United States. And the good news is that we've, because it's such a big country that you can have brain drain out of Illinois and New Jersey in New York and California and other places and have the move and have the good people leave those states move to other states. And then, you know, when we were worried about with migration, internal migration was that we would get all these Californians would come to Florida and then turn Florida blue.

Starting point is 01:27:49 Blue. That's not what happened. Florida became more red because people from California, the Republicans in California is all moved here and they all left. And they were all, you know, and they, and that's what we've seen. But I can tell you that, you know, here in Florida, like, you can't move to, you can't come here with California plates and not immediately assimilate into the culture. It just doesn't happen. And, but that divide is, is even, is more real than it ever has been.

Starting point is 01:28:20 But that's fine. What I, let me, correct me if I'm wrong, Nathan. I saw something the other day. Maybe you can help me with this just to make sure that I'm not wrong about this, that the number of seats in Parliament. that the East is vastly overrepresented on a population basis versus Alberta. Yeah, both and it hasn't been properly reapportioned. Correct. Yeah, it's something like basically your maritime votes get like a 1.55 kind of value by weight based on the population. So the meritimes get way more representation.

Starting point is 01:28:52 You've got way more. Basically, the entire election is decided before it hits like the Manitoba border. Like as those pools are closing, our votes essentially mean nothing. and they just kind of cast into the void. And in particular, without having like the NDP, like the socialist, really heavy socialist party, with having them, I think they threw it. I think that they got offered basically a deal and they threw it. Because without having them to steal any votes or pull any way from the liberal side,

Starting point is 01:29:17 there was just no winning. And I'm curious how you see this kind of playing out in the sense, because I think that independence is going to be on the table. And I definitely think that the East is going to try and offer some sort of concession, particularly on energy and try and maybe even shift their because I can't see that the globalist push for net zero actually being beneficial

Starting point is 01:29:37 to them in the long run as well too. I think it just impoverishes everybody. And I could see them wanting to make a switch on that. And I don't want them to placate Alberta to say like, okay, we'll tell Quebec to shut up and we're going to put a pipeline through. I want to get all that inter-provincial migration of the best embrace.

Starting point is 01:29:53 I want to get the bitcoinsers congregating in Alberta and have an opportunity to actually do something on our own, the way that we foresee that it should be to our best interest from the beginning. But I worry that like, especially post-COVID too, right? How everybody simply forgot and went on with life. Like I'm wondering, we had a podcast last week with Peter St. Donge. He talked about the pitchfork standard.

Starting point is 01:30:14 Like when things get so bad, people actually rile up. And I can't believe we haven't hit that point yet. And I feel like we need that kind of energy to actually move through on either sovereign nation of Alberta or 51st state of Alberta, which I think both of which are here. huge improvement. I agree. I agree. I'll say this to start out with. I don't know that, I mean, Alberta, I mean, just looking at it from an American electoral map perspective, I'd have to look at the population of Alberta and add it in and see how many electoral votes and whether or not they'd become a state or not. They would come in as a territory. It would take

Starting point is 01:30:51 statehood. Statehood is not automatic, even for something as powerful as Alberta, the United States, It's not traditionally if you look at the process of how states have been added to the United States. But either way, even I think that the United, what you have to realize ultimately is that the United States needs a land bridge with Alaska. Yep. Okay. I mean, we just do. We need a land bridge to Alaska to improperly unlock Alaska. We have to be able to, we have to be able to bring goods out of Alaska down through Alberta, which is flat around the Canadian Rockies and get and get down and get down.

Starting point is 01:31:27 to the United States directly that way. And we also need access to, I'll be frank and honest, to the port, to the export terminal Kittamap in British Columbia, very, very important. So you open up British Columbia, you open up, you open up Alberta. I think the whole area comes to the, to the U.S. Ultimately, I think it's in your best interest. I think it's in our best interest. I absolutely think it's in your best interest.

Starting point is 01:31:53 And to be honest with you, if you're, if you're a Canadian, you're listening. to me to talk about it in these terms, I want you to remember something. We already had a conversation. We started this conversation up by talking about the Sopranos. Now let's talk about how New York culture is completely different than Florida culture, which is differently, completely different from Texas culture, which is completely different from Ohio culture and Appalachia. It's completely different from California or big sky country out in Montana and Idaho and all the rest of it. The one thing about America, I've said this for a long time, the decentralist in me, And I've talked this morning.

Starting point is 01:32:29 I sound like a raging fucking fascist. But the truth of the matter is, is I really do believe the world is better served by us breaking the world up into as many component parts as possible. But not at this moment in time. Like I think the United States is too big to govern. I think the United States is 14 different subcultures. All right. You ask me, I remember going back to 2005 and I was drawing up how the United States was split apart. I used to literally go to my whiteboard.

Starting point is 01:32:54 But I had an 8x4 whiteboard in my office in the last. chemist job I had. And at times, I would just sit there and draw, you know, draw the United States and I'd just break it up into different countries. I mean, it was crazy. I was thinking about that back in 2005, 2006, 2007. That being said, bringing Western Canada into the United States, you will not not be Western, you know, who you are currently. You will be that and American. And at the same time. And it's a, and that's the thing that, um, I think in many ways we still do really well. We don't want, I don't want Albertans to not be Albertan.

Starting point is 01:33:37 I want them to know what it means to be Albertan and then be proud of that and go, welcome to Alberta. Like, yeah, welcome to Alberta. Cool. The only thing that would change is the fact that we don't have to show our fucking passport at the border. Yep. And then we use the same damn currency.

Starting point is 01:33:53 But life for you does not change other than you get access to the First Amendment and the Second Amendment and all the other things that go along with it. And you don't have to deal with the, you don't have to deal with being beholden to a crown six thousand miles away. Yeah, you're beholden to a fucking president in Washington, D.C. We're going to fix that shit too. Like, help us fix that. Help us fix that. There's a, there's a huge two-way street that opens up here for everybody. And if you start to think of it in those terms and it's not, you know, you want decentralization. I want decentralizedization. But at the same time, you know, we do have a strong federalist, still have a strong federalist system.

Starting point is 01:34:35 And people forget that the reason why, you know, the presidential election in the United States is so freaking weird is because we really are a confederation of 50 countries. I mean, go read the, you know, the thing is, this is the very, I don't know. I know the provinces in Canada are very, very powerful and they're very strong. You guys still have like, the only thing you're going to really have to give up is interprovincial tariffs. Yep. And productionism because that, that's a no-no. That's what you'll have to give up. What you'll get is the ability to still govern your province however the hell you want.

Starting point is 01:35:15 Ultimately, you'll have plenary policing power in, at the end of the day, the federal government does not have plenty of policing power. This is one of the things that the globalists have sold to the shit lives in, um, on both coast that has to be taken back by the states. And that's why we're watching the powerful states, the good powerful states, really push back against this stuff. We're watching guys like DeSantis in Florida and the guy in Tennessee. I don't remember his name in other places where they're really starting to explore just what they're allowed to get to explore the jurisprudence of the supremacy clause

Starting point is 01:35:55 in the U.S. Constitution. It's been, you know, globalists have run a truck through the general welfare clause, the interstate commerce clause in the United States Constitution. That needs to like end because 90% of that shit is all unconstitutional, like every bit of it. We have a long way to go to unwind all that stuff. But with a shift in mindset and a shift in culture, that will come back very quickly. Because the because the legal mindset is still. here. It still exists.

Starting point is 01:36:31 So all we have to do now is just dismantle the, a lot of the intelligence state and all the rest of it. I don't know if it's possible in the age of AI and all the rest. This may all be a fucking pipe dream. But if we want it, we can have it. And we have to try. We have to choose to want. We have to choose. We have to decide that that's what we want.

Starting point is 01:36:50 And then we have to make, we have to make that happen. And if that means being uncomfortable for a little while, and I don't mean by being uncomfortable that Amazon Prime takes four days supposed to two days. I mean, really uncomfortable. Well, then, you know, it's what you have to do. Because nothing worth having is not worth fighting for. Agreed. I want to even just add to that and kind of echo some of the sentiment.

Starting point is 01:37:10 Like, I think from the Alberta perspective and the Canadian perspective as well, too, I think the writing is very clearly on the wall that the new administration, the new Carney government is going to go after censorship. They're going to go after all the forms of communication and try and keep a lid on that. But in particular, but the ties with Europe and his ties to, again, he was at the central bank of England. at the Central Bank of Canada. And I know that Europe is pushing for their CBDC as well, too. I think 100% that's coming to Canada.

Starting point is 01:37:35 I think that they're going to go after Bitcoiners and try and lock down that capital and make life very difficult for them. And I think they're going to be introducing a CBDC, particularly if you look at Canada on like a per capita GDP, like we're just struggling. And we have unbelievable amounts of wealth and resources that we're just completely hamstring by,

Starting point is 01:37:50 which I think we're a lot of frustration east-west comes from. So there's that aspect. I think for our own benefit in freedom and protection going forward that we have that incentive to do it. And then the other one, too, that I hear a lot of people talk about is like, oh, it wouldn't be that easy. It would be so hard. What about all these things? Like a constant different. It's like the one thing that I would love to at least take this opportunity to communicate people is you can just do things. You can just do things. We can just start to make things happen and push it in that direction. And in particular, let's just say we're sitting down to negotiating table with the U.S. If we got access to Alaska, if we got access to ports, if we've got tons of hydrocarbon, we've got tons of uranium, we've got a lot to negotiate with. I've heard people we can't, oh, we don't have our own military. how about we just make friends with the big one down south? It's not very hard to just be like, hey, guys, do you want to put an Arctic basin and have access to Alaska and exchange just don't let anybody fuck with us?

Starting point is 01:38:38 I think that's a good way to go. Sounds good. Right. And why don't you and wanted to adopt, you know, the, and again, you really want to, you really want to unlock that national wealth. you kind of deal with with with us to develop help develop all the oil and gas assets and everything else we we help you we pull a royalty stream off a part of it put it in our sovereign wealth fund we use that the back of digital dollar and and our an internal dollar which then funds social security the the the plan that the part that trump has not communicated with everybody

Starting point is 01:39:14 yet is that the sovereign wealth fund is going to be used to fix social security Medicare I mean, I know Albertans are like, we have all this wealth. Yes, well, the United States is the same way. The United States has on vast amounts of wealth that has all been written on our balance sheet down to zero by these freaking globalists and all this EPA bullshit and all the rest of it.

Starting point is 01:39:34 And who does that serve? It doesn't serve the United States. It serves Europe because they don't have anything. So by making, by bringing us low, they are made relatively better. That's the way they think. Right. as opposed to just bringing the cost of general commodities around the world down so that everybody can live freer and happier and and generate wealth of themselves. No, they don't see it that way.

Starting point is 01:39:58 You know, we are ruled by people who see the world as a zero-sum game and they have to maintain dominant market share. Otherwise, the Hoy-Polloy and the help will get upity and then we won't have, we won't have beautiful Eastern European women to be our whores. And they're grandmas and and their grandmas to be our our housekeepers and um the brown people to dig our ditches and the chinese people to make all our cheap crap and uh our Gucci bags and um that's the way that and you know and the french farmers to make the to make the the the beautiful cheeses and all the all the rest of it that's the way they think we're just to help to them yeah and that should make your blood boil because these people have it

Starting point is 01:40:46 absolutely no reason to believe that they are better than us in any way. And if you listen carefully to the whole overeducated waspy boomer mindset, boomer for a better term at this point, because they've been like completely subsumed into this mindset, that the overeducated liberal mindset of Europe, beautiful and good and the and America and little Britain and Western Canada, mouth-breathing morons, bad. That's a sci-op, folks. These people are not that smart. And they have no business thinking that they have the right to rule you because they've

Starting point is 01:41:33 got three more, they nominally have three more IQ points than you do because they bias the test towards them as opposed to you. But at the end of the day, they can't even fix their own fucking toilets. Yep. Like, and fixing the. toilet's easy. Mm-hmm. No, I completely agree.

Starting point is 01:41:51 There's YouTube for that shit. Like, you know what I mean? Yes. Even if you don't know how to do it today, there's YouTube for that shit. You know, because there's 100 rednecks on YouTube teaching you how to fix your dryer or whatever. Like, you know, like this is, that has to go with that, that unearned sense of entitlement of being the being your betters, that has.

Starting point is 01:42:18 to go away. And at the same time, so when I let out the podcast, it was a little inflammatory on purpose about, you know, Americans for the most, when we think about Canada, really when it comes down to maybe the Stanley Cup finals, if there's a Canadian, you know, Canadian team in the finals or not. We don't really think about what goes on north of the border. Maybe we should. Maybe that's to do our eternal shame. But at the same time, Canada has a terrible inferiority complex when it comes to the United States. That needs to go away as well. And that's what I mean by not having a an ethos. Like, we need to get, that all of this needs to go away. Our superiority complex needs to go away, which we learned, which we learned from the Europeans. And your inferiority complex

Starting point is 01:42:58 has to go away. And everybody needs to realize that we all have value, we all bring value to the table in different ways. And let's stop the, let's stop this, this nonsense of, you know, of allowing them to institute the family system of, you know, narcissistic abuse on the, you know, children, which is who we are. They're the freaking narcissistic abusive parents and they're getting the kids to fight amongst themselves. Well, I'm, I'm the favorite of, I'm the favorite of Dabas. No, I'm the favorite of that. No, I'm daddy's favorite. No, no, no, fuck you. Like, Daddy is, daddy is a white beater with a frigging baseball bat, but he's, but the difference is that he projects that he's wearing a suit and goes to work every day and actually is cultured and he's not.

Starting point is 01:43:42 He's the same, he's the same brutal thug that they've been fighting international wars in Europe for 2,000 fucking years. Where the Europeans that left, were the Englishmen that left, we learned, really learned autonomy and sovereignty from the Native Americans, enshrined it in the Constitution here in the United States. Canada was settled by the people who lost the Revolutionary War, took over Ontario and then set themselves up as the Anthropode to the United States. the U.S. and, you know, in many ways, the French, you know, resistance moved into the Gulf coast. And, and then they've never given up their, their desire to get the colonies back, because they've always understood that North America is the fucking prize, because it is. So, and these end. It just needs to go away. We need to stop, we need to stop fighting amongst ourselves and realize that, you know, daddy, that daddy hates both of us. No, I completely agree.

Starting point is 01:44:41 And the idea that we should be aligning ourselves with Europeans overseas versus just creating this North American strength is just preposterous to me. But it kind of fits in line with that idea of like we've had the sigh up of, we just say, overvaluing the intellectual and completely ignoring the producers and the doers and the entrepreneurs, right? You've been tricked into thinking that the people in the ivory tower know better than you than the guy who can actually fix your toilet and fix your car and get shit done for you.

Starting point is 01:45:02 Right. Like the end of the day, Brian Bernanke is not smarter than you are. Yeah. He's not. As a matter of fact, and he's not worth more than you are. Actually, as a matter of fact, Johnny Ellen's a fucking mouth-breathing moron. Yeah, it was going to see it that way. It just does what she's told.

Starting point is 01:45:19 Because anybody who spends their entire life, like in service of Marxism the way she has, she's not smart. No. And neither is Chuck Schumer. Neither is, you know, Justin Trudeau. And either is Chrissy Freeland or, you know, pick your poison.

Starting point is 01:45:34 Like, none of these people are smart. And even the worst part, the part that really bothers me is the ones who are smart enough to know better, that Ted Cruz is really get my goat. Because Ted Cruz, if he had a fucking ounce of, he had an ounce of fight in his fucking body. That guy had one ball left, half a ball left. He wouldn't be Ted Cruz because he should know better. Pisses me off.

Starting point is 01:46:00 That guy pisses me off. I agree. Those are always the worst ones, the ones that should know better. And even to that point, too, even just like even kind of round this out a little bit, with everything that's going on, we're seeing the geopolitical moves with the ending of central banking, with the problems in the crisis, they're kind of on the horizon. I think there is going to have hard times ahead. but man, is there a great opportunity, particularly I want to, like, I would reach up to Bitcoin or say, like, get to Alberta.

Starting point is 01:46:19 we can start to do things. We can have a seat at the new table. We can be done with the high table and we can craft the world that we want. But we have to want it. We have to know who we are and why we want it and absolutely go for it. And I think that the future for Bitcoin in particular,

Starting point is 01:46:33 as well as gold and just even the libertarian philosophy. Like I really empathize with your point about kind of putting the libertarian sensibilities aside for a second in the sense that I really struggle with the idea of the, what do you call it, like the pragmatist versus the libertarian theory. because I very much so in that Rothbard and Cap Camp and it's like, okay, but what's the best method to get there? What do I have to do to achieve that versus what I want immediately? In all the discussion about Rothbard and Mises and this guy, that guy, does anybody forget

Starting point is 01:47:06 that libertarian, well, what, did anybody, all the libertarians that are out there that are like a little horrified about this or that and their feet, he's like, can you talk to me about libertarian justice theory. Okay. Walter Block used to talk about this shit all the damn time, gave speech after speech after speech. What's libertarian justice theory? An eye for two eyes and a little bit of scaring.

Starting point is 01:47:30 These people stole from you. You don't just get back the money they stole from you. You get the money back plus another share of whatever they stole from you, plus the right to terrorize them because they terrorized you. It's the most brutal fucking system of justice there is. and you've all subsumed that into, well, no, it's against the non-aggression principle. No, the non-aggression principle says, no, fuck you. You, when you violate the non-aggression principle, these are the rules of how we deal with the problem.

Starting point is 01:48:08 Everybody forgets that part. And I wonder why that is. Maybe it's because modern libertarianism has been co-opted by those who have promulgated the siops. to turn you and take away from you, your best years, your most fruitful years, your most powerful years as a man in the age of 20 to 50, and leave you spinning and arguing how many Rothbard's can dance on the head of a fucking pin when you should be out there going, these people fucking stole from me, I want my money back. I remember that phase of libertarianism. When I got involved in the early aughts, and we sat there and we talked to.

Starting point is 01:48:51 about how we should go after these people. I'm like, oh, no. Absolutely. I'm going to get every dollar back from social, every back. When I took unemployment, should the libertarian take unemployment? Fuck yeah, they stole my money. He's the first fucking place. I'm not just want my unemployment back. I'm going to stay on unemployment for as long as possible while I'm working a fucking side gig under the fucking table. Are you kidding me? That's the mindset you have to have. Should the libertarian work for government? Sure. Get your Tax money back. They stole from you beforehand. Now you make a career out of. It's a different story. I spent five years working for the state government. I got my, I got the money they stole for me back.

Starting point is 01:49:31 And then I went off to, I went off to work in an oil and gas startup or a, not an oil or gas startup, but a nickel boron plating company. And, but like, absolutely. Like, this is, we have every right. Like, I look around the world, I'm like, what is everybody arguing? They're all mass murderers. We have every right to just shoot them. We don't because we're still reasonably civilized. And insufficiently pissed. I think that's the other aspect there that's necessary. Right. And people like, look at me and I go like, Tom's got, Tom's got anger issues.

Starting point is 01:50:06 I'm like, yeah, no shit. Yeah. Because I see the world for what it is. I'm like, no, we have a right just like walk up and go like the citizens arrest. I know that woman, that woman stole for me. I just like, and they don't and they don't and they don't and they walk around. around insufficiently scared of who we are and what our power is. And we've, because we have allowed them to teach us how to be helpless.

Starting point is 01:50:33 So stop being helpless. And Bitcoin is just in some ways, this is why I get angry with Bitcoin Max. It's why you get rid of mad with gold bugs. I get the same speech to gold bugs. Guys, we're just waiting for gold to go to $30,000 an ounce and then you're going to own the world and you're going to be able to make it better. Bullshit, that's John Gault. running away to fucking galtz gults because you don't have the goddamn balls to stay and fight.

Starting point is 01:50:57 Fuck you. Like, it's a construct here in your head. You're not feeling it. You're not living it. You're not trying to make the world a better place. You're imagining a world a better place. You're living inside Sherlock Holmes's mind palace and not actually applying it into the real world to catch the fucking bad guys and solve the goddamn crimes. Like, I'm over it.

Starting point is 01:51:23 Like, and I'm glad that you invoked the Peter St. Aons because I fucking love Peter. Oh, he's great. Oh, God, he's fucking awesome. I had him on the podcast. It was, it was, it was awesome. I listened to his videos every day. Peter's amazing.

Starting point is 01:51:36 And here's the thing. And this is the thing that, like, blows my mind. So the other day, right, like, talk to the difference between having to deal with people whose libertarian fiefies are in their, are getting their panties and a twist over the way Trump is going to do, like, foreign policy. Like, I can't. I love Daniel McAdams and those guys, but I can't listen to a thing they fucking say anymore about foreign policy because it's so completely, you know, it's just, oh, like, shut the

Starting point is 01:52:03 fuck up. And then there's Peter St.odge. Like, the other day, he's like, goes through the GDP print, talks about how, you know, government spending fell, but, you know, private investment ballooned like you wouldn't believe and it was brilliant and it was glorious and it's all good. and then he leaves at the end of his little three-minute video. And I'm going to be talking with Maria Bartramo on Fox News Business at 7 o'clock tonight. So Peter, because he's practical, understands what the long-term goal is,

Starting point is 01:52:34 is now in a position to influence the way we speak about markets and about all of this stuff. No matter, it doesn't matter about the philosophy. He's on Maria Bartramo making an effect, having real practical effect, and popularizing good, solid ideas that will move us point. A to point B to point C to point D to get to where we want to go. Meanwhile, I go to the Mises Institute to say the same goddamn thing at the keynote address back in October and Tom Leorenzo calls me a fucking clown and shit hands a speech because it's a book club run by fourth rate economists.

Starting point is 01:53:13 And it was very sad. Not because they were angry at me, but because they didn't have a goddamn balls to stand up at the moment when they needed to to go out there. and practically affect public policy. Like, Bitcoin Maxis to me look like libertarians I used to hang out with

Starting point is 01:53:34 in the Florida, the Florida Libertarian Party 20 years ago, arguing over whether we should, that this new change, this new wording should carry these two clauses to be separated by a comma or semicolon, which we argued about for three fucking hours. Kidding!

Starting point is 01:53:53 It's absolutely ridiculous. No, no. In the 2003, Florida libertarian an annual conference had a whole group of people walk out and deny a quorum

Starting point is 01:54:11 over a fucking semicolon. I'm not kidding. I was on the ex-comit that I was on the executive committee at that point. And I was like, and they almost subsumed me into that shit. Almost. Almost. Almost. And then I walked away.

Starting point is 01:54:35 I think you land on a very important point, too, even for like the Bitcoin Maxis, which I include myself in that camp, absolutely, is the sense that this thing doesn't win without you actually fighting and trying, right? You can't just passively argue over theory.

Starting point is 01:54:48 You have to go out there and do things. And you might fuck up and make mistakes as well, too, but you have to go and do things. And you also have to interface with the people who actually control the power and the money and explain to them and prove to them that you're a serious person looking to build something. It's the argument that my,

Starting point is 01:55:04 that Dexter White, my partner of Gold Goats and Guns makes to me all the time, like, like, what have you built? What have you won? What have you done? Nothing. At the end of the day, you have an ethos. Well, maybe you don't have an ethos because you haven't been able to take your ethos

Starting point is 01:55:22 and turn it into a telos and turning into something real and tangible. From ethos comes telos. He's Greek. He's explained these things to me. I'm not particularly good with this shit. He's better at than I am. I'm learning every day, Dexter. Eventually, it gets into my head.

Starting point is 01:55:37 And I'm like, that's the problem. And until, you know, it's not all just fun in games and salveagoras making funny memes on fucking Twitter. This is serious. This is real. And we either fight for our country or we don't. And we go, you know, this is why, like, I come back to this all the time, Nathan. I say to myself, think about the midpoint turn in Fight Club. What's the midpoint turn in Fight Club?

Starting point is 01:56:07 club. It's when Edward Norton fights Angel. Yes. By Jared Lito. Yeah. And he beats the living shit out of him. And the narration is

Starting point is 01:56:21 I was angry about every penguin or every panda that wouldn't fuck to to perpetuated species. And then he's asked by, you know, his conscience, Brad Pitt,

Starting point is 01:56:39 what the fuck was that all about? I just, wanted to destroy something beautiful. And he was at a low ebb. That was his lowest moment where he'd become now a thing that needed to destroy rather than create. And, you know, that was his point of no return as a person. And his redemption story is he still goes through the whole process of tearing down the thing that he's really angry with, blowing up all the credit institutions. But he's able to eventually exercise the ghosts. Okay. That makes fight. Club, at least interesting from that perspective. But that moment, I got news for you. There were more of

Starting point is 01:57:19 those people in that, that he's commenting on that. At the end of the day, you will be beaten to death by people, nearly to death by people, no matter how beautiful your ideas, no matter how beautiful our ideas, they will come into contact with somebody so angry because you don't have a solution to the problem. And fight club was not a solution to the problem. The fight club within the movie is not a solution. It was a way to get out the aggression so that you could get to solutions eventually. It was an extreme overreaction to that. So, like, remember these things. You have to channel that into something constructive or it becomes destructive. And I think that modern libertarianism has become destructive. And so I still call myself a libertarian, but I still feel it. I still want that to be.

Starting point is 01:58:09 but I can't just I but I understand that I'm living in a world today where look one of the things about at the end of the day when you start applying a non-aggression principle there's going to be moments where you're going to have to violate your principles in order to be able to defend yourself what are you going to do about it are you willing to make those tough decisions you can kick yourself about it later I'm telling this to my daughter all the time we're going to break shit Trump and company are going to to break shit while we fix while we tear down part of the system when we fight people who have absolutely no compunction about using our humanity against us in every way, matter, shape, or form,

Starting point is 01:58:49 I'll re-invoke COVID. So what are you going to do? How we win is more important than if we went. No, it's not. No, it's not. No, only use your people against you too. Fuck you. No.

Starting point is 01:59:05 Yeah. Only people who don't have children think that way. Yes. You have a child. You're like, yeah, no. How I win does not matter. the ground. We'll deal with the consequences of all. Mr. Long will come up. Okay. Yeah, you're right. I used, I used disproportionate amount of force for the guy who looked at my daughter sideways. That's

Starting point is 01:59:23 fine. But he's not going to ever do it again. Yep. Then the big question is, you know, then there's other questions. But yes. I'll say there's two things that I kind of want to touch on there that I think would be good to at least move forward on is one, I love the idea that you invoked Fight Club, because the one thing that also from that story that really stands out to me that I think people don't even necessarily realize, but they might be getting a sense of in the Bitcoin space. is that we are fucking everywhere. And we've been slowly moving through society into different positions

Starting point is 01:59:51 and into different companies and different groups. And a lot of us are hiding under the surface because most that I talk to, I feel like they've never met one, but it's this giant basically underground network that's building out. And so, yes, we're slipping into all forms of the existing power,

Starting point is 02:00:04 into the existing structures and the institutions. And we're making ways, especially as we're aging into those positions. So his name is Satoshi Nakamoto. His name is Satoshi Nakamoto. His name was Satoshi Nakamoto. I mean his name was Robert Paulson. His name was Robert Paul.

Starting point is 02:00:20 Same thing. Which meat love, got to love him. The question then that I guess I'll round out the conversation with because we've been diving down some amazing, amazing rabbit holes is big winners are gaining an influence. They're spreading everywhere.

Starting point is 02:00:36 Our numbers and ranks are going up. Our capital and power behind us is growing as well too. And I think that you're also in alignment that this bull runs not even started and we've got so much more to go. What's the call to action? and to actually move towards the world that we want to see and blow up the credit card towers? That is to watch the United States pull back on the global dominance of the dollar in direct terms. The dollar can serve as the medium of exchange or not even the meaning of exchange, but the unit of account without actually being the medium of exchange.

Starting point is 02:01:15 and without actually being the universal store value. The dollar has to break itself off from the three forms of the three. Right now the problem with the dollar is that it's all three aspects of money. Store value. I argue too, but yeah. What's that? So I would argue two, but yes. No, all three.

Starting point is 02:01:33 Because it's 59% of the world's reserves are. You're right. Yeah, yeah. Especially look at a global, they're using it as, yeah. They're using it as a soror value. Yep. And especially outside of the first world, it's still store value. Store value.

Starting point is 02:01:46 unit of account, meaning of exchange. And that leads to Trippin's paradox. And we have to reverse that. So we have to allow, we have to allow this to organically decide where we're going to go. We can still leave it as unit of account because it doesn't really matter what the unit of account is. It doesn't have to be the meaning of exchange because we have digitized ways now. We have more, we don't have to have one currency to avoid egregious city of London

Starting point is 02:02:14 4X costs, we don't have to have one universal settlement currency anymore. It's not necessary. Like, I don't care if it's ripple or another version of U.S., you know, another thing on the tether blockchain or whatever, you know, whatever. It doesn't matter. What matters is those costs are dropping. And this intermediation, the blockchain technology really drives that disintermediation and gets rid of the toll booth and the middleman.

Starting point is 02:02:44 who gets to call a big, gets to pull a big for doing no fucking work whatsoever, and then use that to turn that into political power. That's the world you want to live in. So I don't care what does that. I don't care if it's Bitcoin on Lightning Network. I don't care if it's Ripple. I don't care if it's stellar. I don't know what it is.

Starting point is 02:03:03 There may be other systems out there, and they may all compete. But guess what? Blockchains can talk to each other really, really easily. Inter-blockchain stuff is easy, right? So what matters then is that and anybody who, and more importantly, anybody who tries to put up a toll booth between those systems is going to fail again because we've proven you can just, you know, we've proven all of this stuff. This has been done. So now the big question is, so that's the key. When the United States decides to be truly independent of the old system and dominate its system, its own system, while it's,

Starting point is 02:03:41 the same time realizing it has to give up other parts of its system, which is what I think is happening. And we're doing it for our own survival. We're not doing it out of the goodness of our hearts. So the whole Bitcoin maxi argument, the gold bug argument, the Bricks argument, all of those things are reflections of the potential competition if the United States doesn't give up those things, give up these things. So better that we give them up and then work towards a new system, yes, that we are dominant over, but then also spreads itself out across the world. The Chinese will have their system. The Russians will have theirs. The U.A. The Davos will have some remnant of theirs. There will be one centered in UAE and maybe even Singapore. Okay, fine. And the United

Starting point is 02:04:33 States. And as long as the network and the cost and disdemeidation, costs fees are dropped to nearly zero, which they should be. Then you've lowered the power gradient between one group versus the other. And only and then everything trades on merit. So what the United States is doing now under Trump, what Trump is trying to say is we are going to defend ourselves and rebuild ourselves. And it may be ugly and it may be and we may do it in a in a gross, the kind of crude way. But then again, what was done to us was done in a kind of gross and crude way.

Starting point is 02:05:10 And we're at a crisis point. We don't have a lot of options. So we're going to do it. And it means we have to monetize and we have to monetize onto the asset and liability part of the balance. We have two problems. I've explained this before. And this is the part that a lot of people don't seem to understand. If you look at the, if you do some corporate accounting metaphors for the United States,

Starting point is 02:05:31 we have both a cash flow problem and a balance sheet problem. we're spending more than we take in, and we have a tremendous amount of liabilities and unfunded liabilities and not that many assets. So, well, the first thing we can do is we can fix the fiscal side of the equation. We can fix the cash flow. Cut spending, figure out ways to raise tax revenue and bring those things in line. Cut spending by getting rid of waste and fraud and abuse and everything else, which is what's happening.

Starting point is 02:06:00 And fewer dollars going out to, to people who fucking hate us. to then destabilize us from within. That's process number one. That's one process, and it's not the same process as fixing the asset and liability side of the balance sheet. That changes as well. You fix, like Social Security and Medicare, and that will also, in that cash flow, will also fix the unfunded liabilities portion of the balance sheet.

Starting point is 02:06:24 It will flow. That will flow from one to the other. But as you and I have talked about in relation to Alberta and the United States, there are all of these assets that we have written book value down to zero because of environmental policy. Well, bring those things online and all of a sudden, we don't have a liability problem. The umbrella game brings up, it brought up to me the other day, the powerful point, what if a lot of this debt that we owe is owed to companies that were about the bankrupt? What if they help, you know, what if these companies own all these freaking treasuries that,

Starting point is 02:06:58 you know, against each other and they're all, and like, and then they cease to be? Well, the debt disappears. Yep. Oops. And, you know, the Fed keeps shrinking its balance sheet slowly, but it's doing it. Fixing the asset side of the balance sheet. Like this is a process. It's not going to be easy, but it's doable.

Starting point is 02:07:21 The fact that this because the way things are have always been this way does not mean they have to be that way tomorrow. This is the fundamental problem with Malthusian thinking that whatever has been happening is going to continue into the future by sliding the little thing to the right in your Excel solver model and getting some catastrophic result. While diminishing marginal utility, first thing that every Austrian or Austro-Lubertarian learns is dominates all human behavior. And we've gotten to the point where there ain't no more, ain't no more juice from the corruption squeeze. So now we've got to go the opposite direction. So now there's going to be more juice from the decorrupting squeeze. And that part is the part that a lot of people are having a hard time wrapping their brains around.

Starting point is 02:08:10 I'm not because I know how, because as a libertarian who understands that a lot of this is incompetence and malice together, we can get rid of the incompetence of malice and all of a sudden the budget is balanced and then what happened. Now I know there's going to be people in the audience and there's going to be comments all the long goes, well, shit, he doesn't know what he's talking about. The Trump's going to spend a trillion and then they'll pull something out of the woodwork. that they found out yesterday that they were told by the Davos and British control fucking media media that tell them, oh, but he's going to spend a trillion dollars on the military. Yeah, but I got news for you. A clean trillion dollar military budget versus a, which is very little of that is actually

Starting point is 02:08:51 discretionary spending, so much of it. Like there's so many ways of changing the accounting on the way we account these numbers. It's not even funny. We've been talking about this amongst ourselves on my Slack service for a while now. Like a lot of very, very smart people have just been looking at this going, this is all fixable. Every goddamn bit of it is fixable. And it's all about, it's all about account. It's so much of it is accounting tricks and how we account for it and how we and how we popularize it in the headlines.

Starting point is 02:09:20 The headlines don't necessarily mean what you think they mean because the headlines have been curated to get a specific reaction out of you. What you don't realize, folks, is so many libertarians don't realize is that they, believe that they are immune to the sciop when they are the actual target of the siop and then they become the perpetrator thereof they are no different than the quote unquote sheeple that they think they're so much better than where have we heard that one before you really think you're that much better than the fucking boomers who are still wearing their masks in their cars to say and trust all science really you're always susceptible to propaganda you agree with. You're very susceptible to it.

Starting point is 02:10:07 Of course. You really have to jack out, jack yourself out of every, you really have to check your premises at every, at every moment. I can't stress this enough. And I, and I know that, you have to realize that I do that every day. I don't always succeed in doing it right, doing it well. I mean, there are days when I find myself going, I, I find my, I find my as if bristling now at things people say that are reflexive. I'm like, oh, I really, no, no, I really shouldn't think that. He's not wrong, but I'm always thinking about it in like the 17 other different contexts.

Starting point is 02:10:45 And I'm always, I'm always thinking about a lot of different other ways. But, you know, as Corey, he's not really wrong about that. But, you know, it's, and it's, you know, it happens all the time. We're all susceptible to it. And we all have to be willing to be challenged on it on a regular basis. So beautiful. And with that, Tom, where can people go to check out more of your work? TFL 1728 on Twitter. That's where it's really, that's where the fun stuff happens on a day to day basis. Also, Patreon slash gold goats and guns, where you can sign up for either the twice weekly market reports and or the gold goats and guns monthly newsletter.

Starting point is 02:11:23 And, you know, the blog where I curate the podcast and if I decide to actually write anything public anymore, which I haven't really done in a while. because I do too many of these and then I have no energy left to actually write anything. But rant on the own microphones, fun, it's very cathartic. If you enjoyed this episode, please like and subscribe and check out the previous episode with Professor Peter St. Aodge up above.

BTC Sessions - SECRET BATTLE USA vs Globalist: Bitcoin's Role in a Crumbling System | Tom Luongo

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