Julian Dorey Podcast - The Global Elite, Mass Surveillance & What’s ACTUALLY Coming Next | Simon Dixon

Episode Date: October 6, 2026

SPONSORS: 1) GHOSTBED: Go to GhostBed.com/julian and use code JULIAN for an extra 10% off sitewide. That's GhostBed.com/julian, promo code JULIAN & you can also get $250 off Adjustable Base Bundles.... 2) AMENTARA: Head to www.amentara.com/go/JULIAN & use code JDP22 for 22% off your FIRST order. JOIN PATREON FOR EARLY UNCENSORED EPISODE RELEASES: https://www.patreon.com/JulianDorey CLIPPERS DISCORD: https://discord.gg/8QmWEKJ3BT NEWSLETTER: https://juliandoreypodcast.beehiiv.com/get-julians-top-10-books (***TIMESTAMPS in Description Below) ~ Simon Dixon is a prominent British finance entrepreneur, author, and early cryptocurrency investor best known as the CEO and co-founder of BnkToTheFuture. Often regarded as a "Bitcoin OG," he transitioned from a career as an investment banker to angel invest in over 100 fintech and crypto giants like Coinbase and Kraken. SIMON'S LINKS: - X: https://x.com/SimonDixonTwitt - YT: https://www.youtube.com/@UC_wNYJCyycXXPmWni2JNZhQ - WEBSITE: https://www.simondixon.com/ FOLLOW JULIAN DOREY IG: https://www.instagram.com/julianddorey/ X: https://x.com/juliandorey JULIAN YT CHANNELS - SUBSCRIBE to Julian Dorey Clips YT: https://www.youtube.com/@juliandoreyclips - SUBSCRIBE to Julian Dorey Daily YT: https://www.youtube.com/@JulianDoreyDaily - SUBSCRIBE to Best of JDP: https://www.youtube.com/@bestofJDP ****TIMESTAMPS**** 0:00 - "The Mask Is OFF": Simon's Banking Origins 10:48 - BlackRock, Vanguard & Who PRINTS Your Money 22:44 - German Gold & the FED's 12 Owners 32:07 - The Ponzi Scheme Nobody Calls a Ponzi 42:46 - Nazi Gold Stored in the US & London 56:14 - Black Ops Funded by Crime, "Forever Wars" 1:11:40 - Israel as the MIC's Laundering Node 1:22:07 - The K-Shaped Economy NEEDS Two Extremes 1:31:33 - China Builds, America DESTROYS 1:41:40 - The Petrodollar & Words That Mean NOTHING 1:53:07 - Carter, Nixon & the Rise of the Global South 2:03:23 - What the Algorithm WANTS You to Feel 2:17:36 - Family Breakdown & Singapore's Growth Model 2:29:47 - Building a Bank, Then the BOE Said NO 2:42:46 - Bitcoin Bonds That Would've Changed EVERYTHING 2:53:58 - Nuance Nobody Wants, "Vote With Your Money" 3:04:32 - Losing $45M the Same Day His Dad Died 3:07:13 - Dan's Work CREDITS: - Host, Editor & Producer: Julian Dorey - COO, Producer & Editor: Alessi Allaman - https://www.youtube.com/@UCyLKzv5fKxGmVQg3cMJJzyQ - In-Studio Producer: Joey Deef Julian Dorey Podcast Episode 485 - Simon Dixon Music by Artlist.io Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Starting point is 00:01:22 New customers can use code Julian to get 15% off at take ultra.com. That link is in my description below. That's take ultra.com, link in my description below, for 15% off with code Julian. After you purchase, they're going to ask you where you heard about them. Please support our show and tell them I sent you. Yeah, I think this year more than anything, it's been a prime example of there actually being a handful of very high-level things that every normal person can agree on. I've talked about it with the surveillance state, which you were just talking about as we were rolling here on air. Epstein, obviously, that's like mass rape.
Starting point is 00:02:06 And then you look at genocide, things that are happening in the Middle East. And on top of that, you know, you got more endless wars that we've already seen the repercussions over the last 25 years and seem to not learn lessons. So it's like a strange time where bad shit is happening, but maybe we can finally color less, like as shared humanity in a way we haven't in the last 10 years. I'm not really sure what you think, Simon, but that's where my head's at. Yeah, I think it's, I think there's the convergence of lots of different things that we're experiencing right now. think if I could really put it down to one thing is we're definitely having that mask off moment where... Mask off moment.
Starting point is 00:02:45 Yeah, where things that were previously meant to be hidden and in the shadow, there seems to be a switch. I say even just looking at it on the technical side, like previously there was like, you know, whoever controls the narrative, whoever can rewrite history, can hide the things that we're experiencing today. And then we all get propagandized into some version of history at school, you know, and it is definitely rewritten from the perspective of whoever won the war. Then we move to like this ultra internet, social media world where we're all able to talk. And I think that moved at one stage into a bit of a council culture. So if you didn't say the
Starting point is 00:03:30 right thing, the algorithm didn't support you or you just literally got taken out. That's right. So, you know, we became the media. But I think round about COVID, there was a very decisive switch in strategy and there were a series of things that happened. We had everybody, you know, spending all that time online and just switching human behavior and everything we all experienced through that, whatever it was for you. And then we had that really, like, you know, like the final stages of if you talked about the wrong subject, if you said the wrong thing, you weren't with the agenda and you had to
Starting point is 00:04:04 taken out and canceled. That's right. But there was, at some point, this AI became something that we were all a part of. And we had the releases of all the chat GBT's and the models and everything. But leading up to that, there was, you know, kind of the acquisition of Twitter became X, Elon Musk. There was that switch from, I think the phrase that sums it up is freedom of speech, but not freedom of reach.
Starting point is 00:04:33 Oh, I remember. that. Yeah. It's been a while since someone brought that up. Yeah. Now, that one. Hey, guys. If you're not following me on Spotify, please hit that follow button and leave a five-star review. They're both a huge huge help. Thank you. I think is reflective of the model we're in today. That's where they said, right, we're no longer going to cancel you. You say whatever you want. And you're going to algorithmically be put in a box. And that box is, you know, you're pro-Palestinian, you're anti-Zionist, you're pro-Israel, whatever the box is, you know, you think the whole problem is you blame all the Jews or you think it's all about the Muslims.
Starting point is 00:05:13 And, you know, so people are being put in their boxes and they want you to speak. That's right. And the more you speak, the more you're building your what will eventually be a social credit score. But you're building, the more you speak, they wanted you to speak so that then they could algorithmically radicalize you into the most extreme. version of your ideology. And I think it was a very deliberate switch from council culture to talk, but you either go with the acceptable narrative, and if you do, then you get reach. But if you
Starting point is 00:05:49 don't get the acceptable narrative, you don't get reach. But at the same time, we keep you talking with little reach, and then we're feeding you more and more videos that kind of back up your belief around how you think the world works or what you think the problem is. And we're getting it more and more extreme. So you're getting more and more and angry. You're getting more and more pissed off. You're blaming more and more people. And you can see like this starting to really have an effect on the way we communicate with each other. We seem to have here a place where like relationships are impossible. Women hate men. Men hate women. We're getting all of this like, you know, you're just becoming this. You can see the algorithm is driving you into
Starting point is 00:06:31 into this and you've got to really work hard to get around it. But, but, you know, when you're in the content industry, you can see. So even if you're posting something on X, and sometimes what you say is popular, not popular, but if you're like focused on, say it in the right way, you get boosted. And this is training you to be rewarded for saying what they want you to say. That's right. And if you're in for the monetization, then you have to say the right thing and you have to keep saying the right thing. And then eventually you become, common asset, but it's very covert. It's not like, you know, you may not even know who you're working for, what agenda you're serving here. But they want you to talk. And so now we can talk
Starting point is 00:07:13 about the Epstein files. We can talk about a genocide in Gaza. We can talk about all these things because it has a purpose under this new model. And as we move closer and closer to this technocratic surveillance state, you know, the more data you provide them, the better. And we're all kind of being mixed up in this, this craziness. Hell yeah. That's well said, man. When did you start thinking about these things? Oh, man.
Starting point is 00:07:42 So I tell you where it all started for me. So I, my father lost all his money in the dot-com boom and bust. And I was 19 years old at the time. And my father went from, like, you know, he was the seventh son of seventh son. And he lived through the Great Depression and World War II went from, he went down a pretty dark path in life. And he was in complete poverty left to go to London, ended up a flatmate with Jimmy Hendrix driving for the craze twins and made it in the casino world. Whoa. Yeah. And so my father was doing that in like in the city of London.
Starting point is 00:08:31 And when I was born, he kind of gave up on all that and started trying to legitimize his money. Wow. So he viewed, because it sounds like obviously he was doing things that were illegal, but they're like, you know, darker businesses, if you will. So he viewed something switched when he had you to where he's like, I actually care about how I'm making money now. Yeah. So he went through a moment where, yeah, when I was born and my siblings were born, like, you know, that. He wanted to go legit. And he did it through real estate.
Starting point is 00:09:06 And like he became, you know, self-made millionaire. But then he went through a series of, I don't know, personal tragic events. My mother left him, you know, he got the divorce. Then he had someone like talk about his undeclared money. And he had to pay a massive tax bill that wiped him out. And then the gambler and him kind of came back. back and he put it all in the stock market. And so he took what he had left. And then he lost it all in the dot-com boom and bus. So he went through that whole cycle and got straight back to where he started with nothing. And how old was he when that happened? He was deep in, so I think he was about 67, like deep into retirement, lost everything. Like just went through one thing after the other, you know, up, down. And yeah, he asked me, you know, he did.
Starting point is 00:10:01 didn't know, he couldn't quite understand what happened to his money. And this is 2000, 26 years ago, damn, things go far. It's wild. And so I, that kind of shaped who I became and I spent all my time focusing on trying to answer my father's question, what happened to his money. What did happen to his money? What happened to his money is he was, I like to say he was playing a game where he didn't know the rules. And I think most people are playing the game in money. It took me 25 years to figure that out, by the way, what the rules are. But yeah, that kind of took me to, it was quite funny. Actually, my first job was the same firm that he lost all his money in, the stock broker. He was, he lost his money in. What company? It's a company
Starting point is 00:10:49 called TD Waterhouse. I think you got, I saw TD Bank here. Yeah, yeah, yeah. I know TD Waterhouse. Yeah, yeah. So it's a Canadian broker. And where I was in, in Manchester, so. So I was like, I went to Union and I went to Manchester and I knocked on the door and got a job as a tea boy and TD Waterhouse. As a tea boy? Yeah, a tea boy. Is that like a like a coffee boy here? Yeah. Okay.
Starting point is 00:11:11 Coffee boy. Not like an Afghanistan tea boy. What's an Afghanistan tea boy? You don't want to know. Okay. Okay. You weren't, nothing bad. You were just in there basically paying your dues.
Starting point is 00:11:21 Yeah. You start at the bottom. My job was to make the coffee and the tea for the brokers and managed to get myself a job as a stop broker. eventually worked my way up, then got a job in the city of London in like the market making desk on the London Stock Exchange and then started working in investment banking and learn all these different things and helps you understand how the world works. How does the world work? Well, I always talk about, so this thing called a financial industrial complex. And so we're all familiar with the military industrial complex. Yep. I think that there are three complexes. And
Starting point is 00:11:59 these complexes, the players that are the most influential in them change over time, but the complexes always remain, and it's gone through empire after empire. But basically, a financial industrial complex is a series of institutions. Today, if you look at the most influential players, you've got the asset managers, Black Rock, State Street, Vanguard, they're managing most of the world's money, trillions of dollars. You've got private banks that create money every time. So whenever you go and take out a loan, they don't have that money. They create money. Money is debt. Money is credit. And so the closer you are to that money printer, the more you have an advantage in the game. And so the banks ultimately, they create money. Then you have the investment banks.
Starting point is 00:12:55 they take all these businesses. And when I was working in investment banking, my job was to take companies public, turn them into tradable shares. So you went, wow, you went from the stockbroking side to that. I mean, those are two very different things. Yeah. So the stock broken side, and I learned about a bit about money in each of them. So when I was in stock broken, I realized my job was just to sell shares.
Starting point is 00:13:19 You know, it's a glorified name. But, you know, it wasn't until I wasn't until I worked. worked as a market maker, which is on the trading desk. They're the people that set the prices of shares. And what you do is you, so I was on a small, like it's all illiquid stocks, like smaller stocks, and you have a massive influence over the share price. This is kind of when I learned how the market works.
Starting point is 00:13:46 So my father, the average person that has a TD Waterhouse account, they're on one side of the trade. On the other side of the trade, you got the Goldman Sachs, the institutions, you know, the people on the know, they're always on the other side of the trade. That's right. And so you always use media and narrative in order to push shares from one side to the other and they're always on the opposite side. So, you know, market makers, they had like, it was, my job was to manipulate the price of shares. And it wasn't until I worked in like the corporate finance side, the investment banking side, where we were taking,
Starting point is 00:14:25 companies public, you realize that, you know, it's an information game. It's being on the right side of information. So the banking game is how close you are to the money printer. The investment banking game is really interesting. This is when I first became aware of how the world actually works in terms of military wars and stuff like that. I'll never forget it. When's the last time you actually woke up feeling sharp, not just functional, actually sharp, like your brain was ready before your coffee was. If you have to think about it, keep listening. Most people never connect the dots between how they sleep and how they show up the next day. Ghostbed does, and that's why they spent over 20 years building mattresses that actually help. And right now, Ghostbed is running
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Starting point is 00:16:54 I saw an investment deck that crossed my path connected to some of the oil and gas companies that we were making public at the time. And the deck was making the case for effectively how peace might be a hundred times more profitable than war. And there was a model that was put together. And so you could really see that, you know, if you've read it. books like confessions of an economic hitman. Yeah. Like I really saw the other side of that model. You have these consulting firms that are
Starting point is 00:17:27 connected to these higher levels of intelligence and military networks. You know, you have resources, you have oil and gas companies, and you have wars that are effectively working for that interest. And in order to like end a forever war model or to, you have to have a certain level of subordination of the companies and a certain amount of shares that we've acquired a certain number of companies that we take in public. And then once you get to a certain point, you can make the case that if peace is 100 times more profitable than more, then you can end the war. But if the forever war is more profitable than peace, then you continue the forever war.
Starting point is 00:18:14 And so you can see these models like down on the micro level. you kind of realize that war is a racket, you know, to get that. Yeah, yeah. But I saw it first hand. So I saw like, you know, the manipulation of share price. I saw the way these consulting firms and models are put together. And you kind of try to unpack all of that. But when you're on the inside, when you're in the bank, it's very hard to unpack it because you're just a cog in a wheel, you know, working 100 hours a week, playing a game.
Starting point is 00:18:46 In an office, under fluorescent lights, you go home, you go to your apartment, you don't see these places where the reports are emanating from either. There's something about that, you know? Yeah, there's all covert levels of, you know, it looks very normal. And you're just doing what you need to do. And then you realize that there's a whole another layer of the compromise game. Of the compromise game. The compromise game, yeah.
Starting point is 00:19:12 Okay. So, you know, I remember when I was first as a market. maker, you initially, you know, your jobs to build relationships with all the key brokers and all the key traders and all the key people. And if you fit in with the culture, then, you know, things, things happen. You progress. If you don't fit in with the culture, you know, this is where I really understood that there's a bit of, rather than a full-blown conspiracy, there's a level of people that comply with how power works, they're selected, and you don't progress unless you comply further. And so you're kind of tested.
Starting point is 00:19:55 You know, suddenly you go to a party. And then you go to a party and you're presented with prostitutes. And you either take the bite or you don't take the bite. Did you take the bite? I would say that, but I don't take the bite. You can tell me off camera if you did. But you're presented with these like gradual ladder of things that they can have on you. And you can see, you know, the progression on how this works.
Starting point is 00:20:28 And I imagine because I never got to the highest levels of power I left in about 2006. What made you leave that stuff? So firstly, I was trying to get the answer to what happened to my father's money. and I could see that what happened to my father's money, I was going more and more into this corporate world. This corporate world wasn't for me. My dad brought me up as a businessman. He made his money.
Starting point is 00:20:51 He was into these different things. And suddenly you find yourself in this corporate world trying to climb a corporate ladder. But for me, I read a book. It was called Michael Raubelpham wrote it. It was called The Grip of Death. The grip of death. When it explains how the I am,
Starting point is 00:21:11 MF works and how banks work. And it kind of put together where for the first time I was able to connect what I was doing as my job versus the big picture of how this thing works. And yeah, and decided to leave in 2006. So that book is like a Tinderbox for you. Like that was the moment where you're like, oh, wait a minute. Yeah. Interestingly, after the book was published, the author.
Starting point is 00:21:41 just disappeared and no one's ever heard of him ever since what was the author's name again michael ralbaltham michael ralbaufin yeah and it was called the grip of death the grip of death yeah dude's gonna be back in here in a minute yeah but michael ralbaufin disappeared yeah no one's seen him like he's been very quiet now he wrote about the i mf and i actually if you don't mind like that's a pretty important little tangent right there that is like the organization that gets ignored at least in my opinion all the time when people are having these conversations. Righteously so we talk about things like the Fed, we talk about central bank, digital currencies and stuff like that. But the international monetary founded. What is it? The international monetary funds. It's set up off to World War II.
Starting point is 00:22:28 Yeah. So can you explain the history of this? Yeah, yeah. And I've got a deep history with the IMF as well. Oh, personally. Personally, yeah. Okay. That's interesting. occasions. So we'll get into that. But the international monetary fund was effectively the cornerstone of the US Empire. So if you think about it, you had the Federal Reserve that was set up in 1913. You had the introduction of income tax in 1913. And then they set up with the Federal Reserve system, the Bank of England model of how to create money, how to create the dollar. We enter into World War I. We have a Great Depression.
Starting point is 00:23:10 We enter into World War II. And the American military base dominates the world. Europe's destroying each other. The Russian Tsar is overthrown. Communism is installed with the Soviet Union. Germany becomes eastern West Germany and is fallen. We have the creation of Israel. You know, all of that all happened during that World War I, Great Depression, World War II.
Starting point is 00:23:36 All gold is confiscated from the Americans in 1933. You have to repriced. So all of that happens. And then at the end of it, you kind of just have the Soviet Union. You have Europe that's just an absolute mess. You have China that's trying to recover from opium wars and all sorts of shit. But you have America that didn't get bombed. And the entire manufacturing base of the military industrial complex.
Starting point is 00:24:06 And so what comes from that is John Maynard Keynes, who was representing British banking interest and Hoover that was representing American interest. John Maynard Keynes wanted a global currency called the Bankor. The Bankor. Yeah, and this is 1944 Bretton Woods meeting. So John Maynard Keynes was an economist from England was trying to push for a global currency. at that stage. You goddamn Brits, man. Yeah, exactly.
Starting point is 00:24:39 What are you doing? Every problem, man. And I'd argue that the American banking system is still a remnants of the Bank of England. We can get to that. You got a good argument there. But Keynes is arguing at Bretton Woods for a global currency. Yep. And America has all the power and all the leverage at this stage.
Starting point is 00:24:58 And so they get it where they say to the world, right, we're going to create this new organization called the World Bank. In Europe, if you want some loans from the World Bank, then you need to make your currency convertible into dollars and remove its convertibility into gold. Now, why did they say that? Well, firstly, they wanted America to be the only currency convertible into gold. And then they wanted every other currency convertible into dollars. Right. So they become the middleman. So remember this.
Starting point is 00:25:28 So a chunk of the German gold ended up in, you know, in Fort Knox. So a chunk of the Russian gold ended up in Fort Knox. As the European empires were falling at this time, everyone could convert their pounds into gold. And so as the value of the currency was falling, everyone's converting the currency into gold. And so you end up storing that gold, either at the Bank of England or the Fed or in Switzerland,
Starting point is 00:25:58 with the main institutions. We had the Bank for International Settlements. That was set up for when reparations, German reparations, when they needed, the economy was screwed. We had the Valmar Republic all around then. And Germany needed to repay all of its debt. Oh, from World War I. From World War I.
Starting point is 00:26:19 And then until, so it was set up in about the 30s. And then you had World War II. Oh, it didn't get set up until the 30s? Yeah, it was set up just before the Great Depression. That's interesting. After World War I. And then it was managing the reparations. and it was agreed or it was enforced that all the debt had to be repaid in gold.
Starting point is 00:26:38 And so then you had the destruction of the currency. And by the way, this is a British, this is what the city of London does. It rages financial wars before every military war. So you destroy a currency. That's been 500 years of the playbook. Like we could go through many cases after case, what they're doing in Iran leading up to this. But currency war, it always precedes a military war.
Starting point is 00:27:01 So it's always about destroy the value of, the currency so that all the individuals in that country lose their savings. So then they have some kind of dissatisfaction and uprising. So then you can use propaganda in order to demonize whoever you need to demonize, do a color revolution, overthrow the leader, install your dictator. And if that doesn't work, blow the country up. They didn't even hide that this time either. I mean, Scott percent was running around Davos and I think it was Davos in January, bragging about what he was going to do to Iran's currency and then he did it. Yeah, yeah.
Starting point is 00:27:33 So this is what I really love about this Trump administration. It's kind of in line with where we started, right? You know, freedom of reach, not freedom of speech. You guys do what you need to do, but we don't need to hide it anymore. And that is how it is with Trump, right? Trump's doing what every other president has kind of done. But now you can see it. You get to see it.
Starting point is 00:27:55 And no one cares. And it's like it doesn't make a difference. That's fucking insane. So yeah, so the IMF effectively was managing if anyone that wanted a loan from the World Bank, you had to come off, make your currency no longer convertible into gold, and then use the IMF to have a network of currencies that can convert into dollars. And then the dollars were convertible into gold.
Starting point is 00:28:21 So that became the world order. And that was set. Now, the Bank for International Settlements was a very important institution. City of London was where all these currency wars were being fought, which is different to London, which is different to the UK. These are different things. So the city of London is its own jurisdiction that's governed by all the banks and financial institutions. The Bank for International Settlement has its own army, its own police, its own country, is separate to Switzerland.
Starting point is 00:28:51 It has its own army, its own police? And it's a building, just like a building, you know, no bigger than where we are right now. Can you pull this up, the Bank for International Sucs? settlements, personal, I don't know, army. I'm just guessing what a go. That's insane. It's his own jurisdiction and it's independent of the, you know, Switzerland. That seems to be a little common thread with some of these places that control money. Somehow they can exist around or in the whereabouts of what are supposed to be some of the most powerful governments in the world, literally in their jurisdiction sometimes, but they have their
Starting point is 00:29:25 own jurisdiction. Exactly. If you look at them, you've got these little like silos. You've got Vatican, very small money. It's like the Vatican Bank was where you got all the CIA money laundering and drug trafficking and all that type of stuff. City of London mainly did currency wars and covert wars. Bank for international settlements is the central bank of central banks. So if you become a member of the bank for international settlements, you have to adopt the central banking model of banks create money every time they, you alone. There's no money to pay the interest on the loans. There's like a Ponzi scheme. Okay. So let me see if I'm tracking this in real time. I've never heard that before. Yeah. On the one hand, you got the money laundering area. You called out the Vatican, right? That's a good example. On the second hand, you have the currency wars area. So they decide which currencies
Starting point is 00:30:21 get to win and what language we're going to speak in money-wise. Now, city of London. And on the city of London, right. On the third hand, you got the central banks that then take whatever currencies are being allowed to be in circulation and control what its supply is to create the cycle again of who's going to launder money, what currency is going to be killed, and then what currencies are going to mean you need to be put back into the cycle. Yeah, so the bank for international settlements is a central banker, central banks. And a lot of these roles cross over and change over time, but look for a conversation will simplify. The Fed is the most important central bank right now, but is privately owned by the banks, its members. So it consists of 12 member banks, and those banks, its shareholders are city, you know, the chase, the clearing banks.
Starting point is 00:31:08 So the Fed is owned by the banks. The Federal Reserve is a member of the Bank for International Settlements. The Bank for International Settlements is its own jurisdiction. And anybody that wants to adopt the model of the Bank for International Settlements, you know, can become a member of BIS. So it consists of about 61 central banks. And that's, you know, how these different institutions, now the IMF, their role changed over time. Initially, because we went from the British Empire, the European Empire to the American Empire,
Starting point is 00:31:47 with World War II being the changing point, the IMF kind of took the role of the Bank for International Settlements. And there was a bit of competition there between the Bank for International. national settlements and the IMF. IMF started by just doing currency conversion and managing convertibility of dollars into gold. But then over time, it started issuing its own currency, like special drawing rights and various other currencies over time. And it started issuing its own loans and becoming a lender to countries that have been destroyed by wars. And so the whole goal here is you you try and you know you vassalize a country you know you install your dictator you do covert operations in order to destroy the country you want the resources you take the resources and you use
Starting point is 00:32:36 currency wars and financial weapons and mass destruction in order to um end up where you're issuing a world bank loan making them a member of the bank for international settlements and then uh you know getting an IMF special drawing right currency in the end. Who's in charge here? This is the interesting thing. I've always looked for a room, you know, a room of people that are kind of controlling this. You know, you had the very influential family dynasties, whether it's your Warburgs, your Rothschild, your Morgans, your Rockefellers, you know, all these different things.
Starting point is 00:33:14 But I've noticed over time, and we'll probably get there, but it's probably worth finishing the IMF first, but they took all these companies public. So the investment bank kind of structured them into a new vehicle. If you look at the previous empires, so the most important one, this model was invented in Amsterdam. So it was the Dutch model that created this. In the Dutch model had three components. You had a central bank and then they're basically, how do I simplify the central bank is, as a lender of last resort, what do you get to do? Banks create the currency every time they issue a loan. So let me simplify this right down, because I think when you can grasp this, you'll get the whole nature of where we are today. So imagine there's one bank and they want to
Starting point is 00:34:02 create a thousand dollars. Someone needs to agree to borrow it. That's right. Okay. So then you've created, they say, all right, boom, we'll create, there's a thousand dollars. They just create it in their ledger. You log into your online banking. There's a thousand. When you say they created it, it didn't come from anywhere. It wasn't grandma's money in her saving. It was no one's money. It was just literally, okay, there is $1,000 on your online banking when you log in, go spend it. Okay.
Starting point is 00:34:28 So they didn't even take it out of the vault, so to speak. They just, they just invented it out. They have the legal ability. The money supply is created by the banks. The central banks guarantee it. Right. So they can create some form of money. form of money. But what their job is to do is what I call, well, firstly, when that $1,000 is created,
Starting point is 00:34:50 it then says, but you've got to pay it back with 10%. Okay. All right. So where's the $100 come from? So you now got $1,000 plus $100 due. Where's the $100? Oh, it doesn't exist. Right. Okay. So now you've got to do some economic activity and somebody else has to borrow the money into existence and you create a game of musical chairs. That's a Ponzi scheme. That's a Ponzi scheme. That's how currency work. That's the Bank of England system. That's the Federal Reserve System. And it is by design that there's not enough currency unless you can get more people to take on debt. So therein is the function.
Starting point is 00:35:23 The economy is debt. The economy is credit. The more credit you can do. But what do they do? Effectively what they do is they socialized losses and privatized gains, you know, as we saw in global financial crisis. So they say, well, we'll create some money if your loans go bad. Okay. And then suddenly that bank now has a business.
Starting point is 00:35:44 bank account with the central bank and the money can just appear there. And so they can create that money. But your, but mom and dad over here got fucked. Yes. Yeah. But where did the banks get to create the money when and who ended up borrowing it? Who guaranteed the system? The government guaranteed it.
Starting point is 00:36:03 So the government borrows it. The bank creates the money to buy it. They issue risky loans. The money doesn't exist. And the only way to guarantee the system is to, just say, well, here's another institution that will guarantee it. And they're all networked via the Bank for International Settlements as the Central Bank of Central Banks. So it all comes back down there. And so if you can, your ability, so what did the Dutch have? They had a government.
Starting point is 00:36:33 What's the government's job? The government's job is to take on the debt. They're the piggy bank. Their job is to borrow the money. What else do you have? You have a private, corporate interest where you social, you socialize all the, you privatize all the gains. What was that? It was called the Dutch East India Company. What would it do? The Dutch East India company was where you could invest in a company that would go and engage in colonialism around the world, steal countries' resources, create currency wars, and they would privatize all the profits into the Dutch East India Company. But then you'd have a bank and their job was to destroy the currency in these covert wars
Starting point is 00:37:20 and the central bank would guarantee it. And so what did what did the Dutch do? They invented capitalism as we know it today. As we know it today. Yes. I've been microdosing something new lately and it's not what you think. A lot of people refer to it as nature's wine. The mushroom I'm talking about is Omnita Muscaria. Red one with the white spots you've seen in every fairy tale ever. But here's The thing. Unlike psilocybin microdosing, Aminida doesn't push you into a psychedelic headspace. It's more like a gentle nervous system reset.
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Starting point is 00:39:00 Which is not that, and this is when I went, when I was studying academically in economics, we're taught Keynesian economics, classical economics, Austrian economics. economics. Those are the three acceptable scores of thoughts. Keynesian said the government needs to borrow in order to keep rolling over the debt. The government can stimulate to roll over the debt. Classical economics says leave it to the free market, but the free market doesn't tell you that there's actually a debt-based Ponzi scheme, which is the backbone of the monetary system. And so whoever gets to create a money wins the game in a free market. What does that mean? The central bank socializes the losses.
Starting point is 00:39:43 The Dutch East India company privatize the gains. And the whole system is guaranteed. And then you have the central bank, you have the private interest. Those are the three components. But what is the government's job is to take on the debt? That's to socialize the losses. And so the US debt is at $40 trillion today will get more current. But what does that mean?
Starting point is 00:40:07 It means, look at the Dutch Empire. all of the gains went into the Dutch East India Company and the debt remained with the government. Then when the Dutch Empire falls, the model gets recreated through the Bank of England. And then you have the British East India Company. They just did it again. The Bank of England, the British East India Company,
Starting point is 00:40:29 and then they bankrupted the British government. They go create the wars. The individuals end up with the debt. The British government is bankrupted. People can't see through the debt. difference in these things. All of the gains end up in the British East India Company, which now makes up the crown, essentially. You know, the, the mona, when the British East India Company fell or, you know, it kind of was dissolved because of all of its illegal.
Starting point is 00:40:56 And this is when, if you look, I'll just give you one model. I know we're darting around. That's okay. I'm going to bring you back. Yeah. But, you know, people think of the British East India Company as its T-exports, you know, Where it would-exports? It's tea export. So it would go into India and it would take his tea and then it tried to steal all the China's gold. So it would take basically tea that it got from India,
Starting point is 00:41:20 but underneath those shipments of the British Navy was a bunch of tea and underneath it a bunch of opium. And then the opium was then sent into China to get China addicted to destroy their population, to make them unproductive. And then you would negotiate, and we would invade via Hong Kong. I lived in Hong Kong for about three years.
Starting point is 00:41:43 That's where the Opium War started. Hong Kong was created as a settlement with the British Empire because a bank called HSBC was managing all the money laundering for the drug trades. And then you get the population addicted to opium. And then China then ended up nationalizing all this banks and you got another central bank called PBOC. But anyway, they, that was a resistance against this British colonial stuff. So you still, what are you trying to do here?
Starting point is 00:42:15 You're printing in its simplicity. You're printing money that has no value. You're dumping the debt on the government. You're guaranteeing the system to socialize the losses. But what do you actually want? You want the real money. You want the gold. You want the silver. You want the oil. You want the resources. You want the real thing. And so all you're doing is you're inflicting upon everyone else, a currency. that has no value that goes down in overtime while you're taking the real resources. And then the game of central banking is to end up with all the gold. And that's the game. They want to use their fee of currency to give that to indebt in the government,
Starting point is 00:42:55 to guarantee the system so that they end up with all the gold. Who's winning the game right now? China's winning the game and I'll buy a long shot. With the gold? Yes. What makes you say that? Okay, well, the largest amount of gold that exists today is allegedly at Fort Knox, but it hasn't been audited. It had one audit in the 50s, but it sits on two balance sheets on the Federal Reserve balance sheet and the Treasury's balance sheet.
Starting point is 00:43:25 How does that even work? Exactly. So both of them claim the gold and both of them use it as collateral. But the Federal Reserve is owned by the banks and the Treasury is not. the government. And so they both use it as collateral. So you can see it as, so in essence, whether it exists, whether it's there or not, it's been double bookkeeped. You know, it's been used twice. If you or I had private companies and did that, we'd go to jail, right? Absolutely. Well, no, there's one type of institution that can do double bookkeeping, which is a bank. And so your deposit is both an asset and a liability to a bank on their balance sheet. So they're able to use
Starting point is 00:44:07 it as an asset because, you know, they created it, is their asset, but it's also a liability because if you want to withdraw it, they have to give it to you. Hence why you can have a bank run because there is no gold there, there is no money there. And if everyone wants their money, then the bank goes bus and then the central bank comes in, socializes the system. So it was done with the Dutch Empire. It was done with the British Empire. And then we exported it in 1913. We tried to put it in America three times. There were three central banks throughout America's history. You had your...
Starting point is 00:44:41 What were they? The first central bank, the second central bank and the Federal Reserve. Andrew Jackson, Abraham Lincoln were the two presidents around, like, the debates. And if you look at the formation of America, you have like Boston Tea Party and where we were trying to introduce tax. That all happened. I mean, let's tell the real history, right? The real history.
Starting point is 00:45:06 The Europeans came to America and did what Israel did to the natives in America. That's what really happened. We use ethnic cleansing and genocide. The population of America prior to the Europeans turning up was about 100 million people. And then I think by the end of it, it was like a million or something over a few, you know, over a period of time. What Israel is doing to Palestine today is what the Europeans did in America. America that then led to the creation, you know, the constitution, the independence, then you threw the Brits out, but the central bank remained.
Starting point is 00:45:40 And so if you look at the founding fathers, they were arguing over the central bank. Because half of them like the Bank of England model and the other half said no. And that became the battle. And yeah, there was three attempts. And then in 1913, the Federal Reserve happened. And to manage a transition, you needed a war, a deprivation. And then another war. So we had World War I, depression, World War II.
Starting point is 00:46:05 Wait, hold on. Back up for one second. This is just really fascinating history. So you said Andrew Jackson and Lincoln were the two presidents at the middle of major arguments over the central banks post-revolution before 1913. Andrew Jackson, very complicated legacy there for sure. But he was known as a fiery, you know, man of the farmers type populist. So was he arguing against? Yeah, he was against the central bank.
Starting point is 00:46:35 Yeah. He actually paid off the American debt and created a new form of debt-free currency in order to, that's what Abraham Lincoln did as well. You're familiar with the greenback? You had the greenback? Of course. The greenback was Abraham Lincoln decided that the treasury would print his own currency in order to, you know, well, fund wars, let's face it.
Starting point is 00:46:59 But the Treasury pay for it rather than the central bank pay for it. And his logic there was at least the buck would stop with the government instead of something outside of its control. Well, prior to 1913, there was very much. And, you know, there was mistrust of the banking model. Like banks were very mistrusted. And so, you know, the central banks weren't seen as one institution with the government or anything like that. You know, these were foreign forces. Foreign forces.
Starting point is 00:47:30 Yeah. Yeah. That's how they looked at it. I mean, absolutely. I mean, if you look at, I'll give you like some crazy examples. The Rice Bank, which was the German bank during between World War I, World War II, every time Hitler would invade a country, Czechoslovakia, it was, he would basically go to the Rice Bank and the rice bank would then go to the bank for international settlements and say,
Starting point is 00:48:04 hey, you know that gold that used to be Czechoslovakia? That's now Germans. And the Bank for International settlements would say, all right, we've changed ownership. That gold is now owned by Germany. And so every time it would raid a country. Now, what's really interesting, where was the gold stored? The Rice Bank wasn't storing the gold. It was actually stored at the Bank of England and the Fed. And so the Bank of England transferred said, wait, well, wait, the Germans were storing their gold in London and the US. Yes. Yes. And so remember one, World War I, Bank for International Settlements, 1930s, Great Depression, World War II. Yeah, of course. They were storing it at the Bank of England and the Fed in Fort Knox. And so you would go to
Starting point is 00:48:50 Switzerland and say, whose gold is this? Switzerland would be an independent arbitrator and say, well, the gold at the Bank of England, that belongs to you. So this became like a ledger that literally the bank for international settlements would be adjudicating who owns it during a war and decide when to change it. So even during World War II, the Bank of England changed the ownership of Germany's gold while fighting allegedly a war with Germany. This is such a strange dynamic, dude. Like, do you ever just like sit back and look at this and go, wait a minute? They're all in business together while a bunch of their people are on battlefields scattered all over the place, blowing each other's brains out. Yes.
Starting point is 00:49:33 Yes. Even this. The governor of the Federal Reserve, Warburg, his brother was also the governor of the German Rice Bank. Come on. The two brothers were the governor of the Rice Bank and the Federal Reserve while allegedly fighting a war. This is when you realize. That's nuts. Warburg was his name?
Starting point is 00:49:57 Yeah, the Warburgs. So can we look that up to? He's already got it. So the Warburg brothers are in charge of the U.S.'s central bank and Germany's central bank at the same time. The Warburg brothers were a prominent German Jewish banking family from Hamburg, specifically the four banking grandsons of Moses Marcus Warburg, who founded M.M. Warburg in 1798. Max M. Warburg ran the family bank in Hamburg and served as financial advisor, German government before emigrating to the U.S. in 1939.
Starting point is 00:50:28 Do we have this specific? All right, yeah, deep sky right here. So Paul Warburg, the Fed, moved to the U.S., became a prominent Wall Street banker at Kuhn-Lobin Co, and served as key architect and first vice chairman of the Federal Reserve Board. Max Warburg-Rig, Reich, ran the family's historic bank and Warburging Company in Hamburg, and advised German leaders on the financing and economic policy and served as financial delegate at the Bersai Peaceco.
Starting point is 00:50:53 Oh, so this is before, though. This is during World War I. Yeah. Okay. I misunderstood. I thought you were saying during World War I ended in the Treaty of Versailles and then you had a big conference in Paris in 19. By the way, you know that ties to Epstein?
Starting point is 00:51:09 Versailles. Yeah. I'm sure we're going on time. Oh, yeah. It's a wild. I won't take you down that right now, but that's actually insane, like how much that gets up to him. But keep going.
Starting point is 00:51:18 Yeah. I've got lost. Where were we? We were talking about treaty. of Versailles after the Warburg brothers were in charge at the same time during World War I. And so you have the Fed in charge with one brother and the Reich bank in charge at the other while they're all fighting wars and killing each other by the tens of millions across Europe. It ends.
Starting point is 00:51:38 The Treaty of Versailles struck the Treaty of Versailles, which was also struck by the Dulles brothers. They were a part of that, which is part of what Ty Steppstein. Correct. And they strike that deal, which really does totally handcuffed Germany and opens up. the door for them having been so poor to eventually like turn to something like Hitler. Yeah. Yeah. So this is what I call the financial industrial complex and it's changing face over time. And yeah, we're still, you can look at it like we can look at this today and you can see how the structure works. It's changed form slightly, the current version. So firstly, I would
Starting point is 00:52:19 categorize America in the same place that the British Empire was pre. World War I in terms of the debt level. Now, there's a rule, if you want to get into macro, this game works. These are the key things to look for as long as the economy grows. So the growth rate of the economy is greater. So if you're growing at 5%, then the average cost on the debt. So right now, the American debt is 3.3% on average, but rates are going through the roof. and Trump's trying to get the bank of the Fed to put rates down.
Starting point is 00:52:57 But the bond market, 10 year yields, 30 year yields, they're going up. So that means the cost of borrowing is increasing. What that effectively means is that people are selling American treasuries. That's right. When you sell them, the price goes down, but the yield, the amount you have to pay goes up. There's an inverse relationship there. So right now, the 10 year yield is a, at historical highs roundabout where it was in 2007 just before the global financial crisis.
Starting point is 00:53:32 But it's 125 debt to GDP. It wasn't in that situation before. Can you explain that in English? Yeah, that means that the economy is producing, you know, so you've got like a 37 trillion dollar economy on 40 trillion dollars of debt. So your debt is larger than the economic output. Now, this game, works, you keep going, the game of monopoly works as long as the economy grows at a faster rate than the average cost on the debt. So right now, if you can grow at 5%, and the average cost on the debt is 3.3%, which is going up, the game continues. But it has a side effect. The side effect is the closer you are to the money printer, the more you get access to the assets, right? So what's currently happening right now?
Starting point is 00:54:20 You know how the government takes on the debt? They issue bonds. The banks buys them. The banks get to create the money. They don't have the money. They just create the money to buy the debt. And they get the yield on the debt. And now they're demanding higher yields.
Starting point is 00:54:35 And they're demanding higher and higher rates. That's normally when the financial industrial complex is deciding to manage a shift, manage a transfer. And that's where I think we are. right now in terms of a switching a switching world order as it were do you think that transfer is being managed to China no China spent you we talked about opium wars and Japan and all that stuff a hundred years a century of humiliation they spent a hundred years building everything they needed to keep you know the
Starting point is 00:55:11 the Great Wall of China was created to keep the barbarians out they they managed kept the barbarians out. After World War II, they chucked out all the banksters. They created their own central bank called PBOC. They created, in fact, what America had prior to the Federal Reserve, you had a state banking system where the banks created their own currency. And it was all done state without the central bank. You had about 70 to 80 years of that prior to JPMorgan coming along and creating like the panic that led to the creation of the Fed and all that stuff. But PBOC, they have a public banking network, capital controls, everything you could possibly imagine to build, you know, the next 100 years. Now, the financial industrial complex, they don't want to hand
Starting point is 00:56:03 over anything to China, you know, because China they have to negotiate with. China's got their system, you know, and it's insulated and it's protected and they've set up all the controls. What's happened in the West? I like to say, when I look at power in the world in simple forms, I talk about those three complexes, financial industrial complex, they're in charge. That's the top of the, that's the top of the run, okay? Military industrial complex, they enforce the rules. They create the wars to get the resources that the banks need. And we have a new complex, which is just a I call the technical industrial complex. That's the data, the police state, the surveillance state, you know,
Starting point is 00:56:45 all that technology control grids that were coming. If you look at America in the West, just like the British East Indian Company and the Dutch East India Company, the government is subordinate to private corporate power. That's capitalism by definition, but people don't really think about it. Capital rules and it's capitalism. But you've got a Ponzi scheme, so it's not a fair game. It's not capitalism as we were taught in the economics textbook. Right.
Starting point is 00:57:10 It's rigged because, you know, you have, look at 2008, socialism for the banks, i.e. you get bailed out in capitalism for everybody else. That's right. And we get to create the money. So you guys will defend capitalism thinking that it's the American dream, the American way. But meanwhile, what's actually happening? Well, those who get to create the money, they're benefiting from the debt and you're getting your share of debt. What was the phrase you used earlier, the four-word phrase, privatized?
Starting point is 00:57:42 Yes, socialized the losses, privatize the gains. So the reason I love that so much is because effectively what you are describing is corporate socialism, which has basically been the wolf behind the sheep's mask of capitalism. That was the British East India Company, that was the Dutch East India Company, and now you could say the CEO of that new structure is BlackRock, if you want to put a face to it. So the American model kind of created a more decentralized version of that model. Right now, you could say the asset manager BlackRock that is controlling or has access to about $12 trillion of everyone's pension, everyone's endowment funds, everyone's thing.
Starting point is 00:58:31 They have technology that dictates the flow of capital called Aladdin in a significant way used by Treasury departments, pension funds, sovereign wealth funds, everything you could imagine. And it's a more decentralized version of the British East India Company, Dutch East India Company. And it relies upon everyone underneath it being a public company. So I was, we're going way back when I was talking about the game of compromise. One of the easiest ways of compromising someone is making them a debt slave. So we replace slavery with debt slavery. And if you play the game of debt in the right way, you know, my whole job as an investment banker was to turn companies into securities, make them tradable. And then they get to use those as collateral in order to borrow.
Starting point is 00:59:27 against them. So if you look at someone like Elon Musk, he bought X, not with his own money, he bought X by getting a loan against his Tesla stock. Once you get a loan against your Tesla stock, the banks controlled your share price. Once they got your share price, you are subordinate to them. And then they decide who you're co-investing with. So a lot of the social media is owned by a lot of the sovereign wealth funds, the gold funds, the Q80 funds, Abu Dhabi funds, And those are the co-investors. And what I would like to say is that this is kind of the game right now. You have private financial industrial complex that controls the entire West.
Starting point is 01:00:10 The Brits, the Europeans, the Americans, our governments are subordinate to them. I would agree with that. In China is the opposite way around. The government is on top of the Mick, Fick and Tick. So they have their own military industrial complex, financial industrial complex and technical industrial complex. But you get bigger than the government, you find out what happens. You know, you know. Seems like both systems are bad. Both systems, one makes a country sovereign, so China, I would say is the most sovereign country in the world. But living in a sovereign country means
Starting point is 01:00:47 that you're subordinated to that authoritarian structure. Right. Whereas in this, in this system, We have individual ability, but, you know, nothing is quite what it seems, right? So you could be sovereign at the individual level, but as I discuss, if you want to climb an investment banking, you have to play the compromise game. If you want to have a public company, you need to play the investment banks game. If you as an individual want to succeed, you have to borrow, borrow, borrow. Credit card debt, student debt, mortgage debt, then the house gets big. And it goes, and even at the top of the game, like an Elon Musk, is still dependent upon his share price and the leverage that he has against his share price.
Starting point is 01:01:33 And so this whole game, this whole illusion is, you know, in capitalism, capital is in charge. You couldn't call China communism, but the government is a sovereign government. And so the government's in charge. And that's kind of the different contract you have between these negotiations. So does the financial industrial complex want the Chinese government to be in charge? No. But what do they want? They want cheap labor.
Starting point is 01:02:06 They want rare earth minerals. They want everything that China's offer them. They want factories. And so this is why we entered into this age of globalization because there was no longer an American company. know, these American companies were hosted on the US stock market, but they were global in nature. So there was no patriotism, there was no nationalism in general. Now, the military is slightly more patriotic than finance, global finance. You know, global finance just plays a big game.
Starting point is 01:02:42 But the military is tricked into fighting battles under the guise of it being for X. when it is really for why and why is a reason that a financial industrial complex decides today this king's got to be checkmated well what are the military they're all public companies and they all rely upon capital in two forms one from their stock market valuations lockid martin general down right yeah yeah so they're subordinate to fig mic is subordinate to fig right but you can resist in two ways one is you could have a manufacturing base in your country. So the American dream after World War II, you know, the most productive phase in America's history, when people felt like you could come to this country and you could build and you could create a business and an opportunity
Starting point is 01:03:42 and ideologically aligned around, you know, an American dream was when the manufacturing happened in America. And so America was manufacturing the weapons. Europe was destroying itself. And then America controlled the game and ended up with all the gold through the central bank. But because the central banking system is in this nature, it's the slow, the central banking system is about leaving all the debt to the government and then ending up with all the value in the stock market. And that's the game. So if you look at the right now, the government, you know, now this. This has a side effect. So I talked about the two things. The military could be independent
Starting point is 01:04:28 through having its own manufacturing base. The American military right now cannot produce a bomb, cannot produce an F-35 fighter jet, cannot produce a drone without China. So there's no way that we're entering into World War III. That's the SIOP. China produces, has the vital components for everything the US military needs. And if China decides to cut that off, there is is no US military as we know it today. So that's a reality. The second thing is that it can be, it can fight against the FIC if it has its own budget.
Starting point is 01:05:04 So Pentagon, you know, you can indebt the government. And then it can spend into the military. This is where we get really funky. The government takes on the debt. This is where we get, it hasn't been funky so far.
Starting point is 01:05:19 Yeah. Well, exactly. The government takes on the debt. spends it into the military and the military gets increased share prices, the more war there is. So as an investment bank, you have a few models. One model is the Forever War.
Starting point is 01:05:38 That's the most profitable model. You don't want to win the war. Afghanistan. People say things like, it took 20 years, America lost the war. It took 20 years to replace the Taliban with the Taliban, and they spent $2 trillion. That's the goal.
Starting point is 01:05:53 The goal was, that's the goal. Spend the money is the goal. Spending $2 trillion was the purpose of the war. Don't, people might push back, obviously it's like evil, to be clear, but like people might push back on the semantics and say, well, wouldn't you think the goal would be like, yes, spend the money, but if also if you're going to do it, like this is the golden cow we have right here, be in America, let's make sure it doesn't get fucked, meaning like let's not lose the wars.
Starting point is 01:06:22 Oh, yeah. lost that war. Well, tell me, lost the war, but that was a war on someone else's territory. That didn't come over here. Unless you think 9-11 was done by terrorists, which is another question. No, no, I know what you're saying. When you say war not coming over here, you're literally pointing to exact examples of like, we're not out there with guns fighting against people. Yeah. Yeah. Yes. So the, well, spend two trillion dollars. What happened? So you had, let's take Afghanistan. I'm sorry I'm jumping around. I hope this is good. I do want to say this is wildly fascinating. And like I started my career on Wall Street a little bit. It's been a while since I've been there. But like what you're laying out here, even if this is 50% right and not 100% right, is terrifying. So please keep going. You're doing great.
Starting point is 01:07:17 Yeah. So, you know, you had a version of the Taliban that was fighting the drug trafficking. trade for the opium in Afghanistan. And you replaced it with a version of the Taliban that's cooperating in the opium drug trades. That is correct. And you spent two trillion dollars, which the US government took on. And where did that money go? It went into Lockheed Martin, General Dynamic, Raytheum, Halliburton, and who financed it and who pays the yield, who receives the yield on all of that debt, the financial industrial complex, the whole thing. That is your classic confessions of an economic hitman model. You're missing one other frontier there too. So John Kyriaku's been on my show a bunch. He talked about this. He was the Senate
Starting point is 01:08:06 Foreign Intelligence Committee's chief investigator in 2009, 2010, 2011 before they imprisoned him and all that. And he went over to Afghanistan. and basically uncovered in one fell swoop, the USAID funding, the Poppy Field funding and protection, and the exportation of Poppy for heroin, and where it was going and everything. And he came back and they said, shut the fuck up.
Starting point is 01:08:34 And the reason they did is because he realized that, I think it's been a while, people, so fact check me on this from that podcast. That would have been episode 278 and 279, where he talked about that, but he found out that I believe it was 93% of the world's heroin supply was coming from there with our approval. And when he asked about it, he was told, yeah, they wanted to get, and the places he was told was Iran and Russia addicted to heroin. And the logic was because they do it to us. Yeah. Yeah. Crazy. And that's wild. There you see,
Starting point is 01:09:13 so let's put that into structure, right? So you've got the FIkontot. They benefit from all the different models, forever war model, destroy a country to get its resources and change its leadership. Or remember, there's two parts to a war's model. There's the war, that's profitable. And then there's the bill back. The bill back is very profitable. So if you can blow up a load of buildings and get the government to pay for it and then get a
Starting point is 01:09:38 contract to build it back, that's revenue and that increases your stock market valuation. That's GDP. you know GDP is building back after destroying so you GDP is blow up the country that's a load of spending yeah uh and then build it back um who are these people like you mentioned families and stuff and that makes sense because we hear about that all the time that's been going on forever but this requires large organizations of people who they're not dumb you know like and and these large organizations of people across the spectrum get behind this stuff even if at the beginning they don't realize what they're doing, they eventually do realize it at the
Starting point is 01:10:19 very least, if they didn't know at the beginning. And they go, yeah, I think I'll just keep doing it. What the fuck causes that? Yeah. Firstly, it's information. So this is a, this is the system. You know, this is the architecture. This isn't a few people in a room. This is incentives that drive this behavior. So how do they actually do it? There's a few things that they can do that. But let's get that structure. So you've got FIC, you've got a bunch of public companies which make up the military,
Starting point is 01:10:57 Mick. You've got a government that pushes money in there that increases top price, dumps the debt on the government. As you get more and more debt on the government, the government becomes more and more subordinate to Fick. So the more government that you can push, the more they're subordinate. Then you have lots of covert structures. So underneath the military, you then have a lot of covert stuff. So that's what we got, let's call it the deep state, the intelligence networks. So if you're Lockheed Martin, General Dynamic, Raytheon, Palantir, you've got, you know,
Starting point is 01:11:31 like Palantir would be an Incutal, CIA, DARPA type of contract, Unit 8,200, whatever it may be. So you've come up through that network. You're creating intelligence. You're creating weapons in those intelligence networks. Those intelligence networks, from my experience, have two budgets. Well, three budgets. You have the private contractor. Then you have the government.
Starting point is 01:11:56 And that's a pretty small function of what the intelligence agencies do in my experience. I can never prove this. But the private contractor is a significant amount of revenue there. That all sits on balance sheet. That's reported through public companies. Yes. Right. So a public company has to report that.
Starting point is 01:12:15 Yes. A government has to report that. But there's a third budget, which is the biggest budget, which is the black ops. The black ops are, if you want to do illegal shit and you're the CIA, you can't use this money that's reported on a public company. You can't use the government money. You have to use the black op ops, which is when you have these money laundering organizations. like the Vatican that we talked about, like the city of London, like the jurisdiction in the Bank of International settlements. So they go around their government? Well, they've got access to the
Starting point is 01:12:49 covert banking. And we've had lots of controversies where the declassified documents around, you know, BCC and the different banks that have been involved in these intelligent ops. But where is the vast majority for these intelligence ops? It's from crime. So the intelligence black cops are funded by human trafficking, sex trafficking, weapons trafficking, drugs trafficking, and cooperation with criminal networks that they're not trying to fight. So there is no war on drugs. There's no war on terror. There is no...
Starting point is 01:13:22 That's why those black cops, they directly have a different level of accountability. Yeah. They sell crack in LA and no one says anything. Exactly. Well, and they're not trying to stop it. Right. Exactly. Try to stop it.
Starting point is 01:13:35 They did it. even the prison system in America, that's privatized. That's a public company. If you want to invest in the prisons, you go CEO group, geo group, civic, like this. And what's the business? Look, if you're a board member and you're incentivized through stock options and you're sat around a board and you're Lockheed Martin, what is your conversation around the table?
Starting point is 01:14:01 How do we sell more weapons? How do you sell more weapons? Well, you either have countries that agree to purchase your weapons for defense, or you have a racket, you know, you have a budget that says, we won't send the military on you if you buy our weapons and host our bases, or you have Forever Wars, and you optimize your revenue based upon having the right amount of mix of wars, defense, and it's a simple spreadsheet for these types of people. Now, what happens as you go down? Well, at the covert level, there's need to know information. Then you've got these different types of networks and you've got plausible deniability all the way through. Now, if you really want to do something really messed up,
Starting point is 01:14:49 maybe you want to test an illegal occupation. Maybe you want to test what technology you can inflict upon a population. you do that via Israel. And so you go out to another jurisdiction and you then launder the money through. USAID is one way of doing it. Through Israel specifically? Well, Israel is what I call a mick and tick node.
Starting point is 01:15:22 So they're significant jurisdictions for the laundering of military money from the government over to private companies that profit from war. Because we fund them so much. because you have a narrative that's acceptable to the people, which is now breaking down. But as long as there's a narrative, then there is an acceptable way we're protecting the Jews, right? You create that narrative and you weaponize that narrative. What does that do if you're Israel and you're a country, right? So firstly, it was Hitler that signed the Havara agreement that led to the 60,000 Jews moving to Palestine.
Starting point is 01:16:00 then you create war that leads to territorial disputes. Once you've got war, then use United Nations infrastructure in order to get, you know, protection and recognition. Then you say any Jew that moves to Israel, you have to join the IDF. So what do you want to do? You want to radicalize Jews. You want to radicalize Muslims. You want to radicalize Christians. So what do you do?
Starting point is 01:16:27 You create new versions of the Bible that says you need to protect. to Israel, confusing narrative between prophets and countries and stuff. You manufacture terrorism with the Muslims and the original terrorists, you know, Haganah, all these different groups that became the IDF. You take the things that happened to them before, you traumatize them into saying, go to move to Israel. You even manufacture terrorism all around the Middle East so that all the Jews want to go to Israel. then you build your population and those population have to join the IDF.
Starting point is 01:17:04 And then they believe into the narrative that they're protecting the Jews and this is a safe place. They get radicalized. Then you use the wars that you created, you know, by these militia groups, which are often hired by the West, like ISIS and al-Qaeda. You know, if you really want to get-Huddin. Yeah. Look at the Mushahedin. Look at the Mushahedin. Look at Safari Club, George Bush.
Starting point is 01:17:30 protecting his oil interest. The first recruitment was Osama bin Laden. Who also his father was like a fucking billionaire. Exactly. Crazy. So you create this confusion. And this is what's happening now. We're entering into this world of now we're allowed to talk about.
Starting point is 01:17:49 Why am I allowed to come to your podcast and talk about this now when clearly we weren't allowed to do that before, clearly? Why do you think it is? Because they figured out a business model. They figured out a business model? Yes. It's the technical industrial complex. Uh-huh.
Starting point is 01:18:08 They're building social credit scores. They're taking saying, you speak, and we'll weaponize that information, and we'll build a police and surveillance state so that if we create civil unrest, we can monetize it. What did we do? We beta-tested occupation in the West Bank. We beta-tested all the surveillance technology and genocide as a service in Gaza. We beta tested the integration into drones in Ukraine. We beta tested open borders,
Starting point is 01:18:39 clode borders across UK, Europe and America. We beta tested everything. We got all the technology. You know, we've got all the law changes that, you know, all the all the law changes were ready for 9-11, you know, all of the Patriot Act and all that stuff. So they're at the stage now where, yeah, you guys keep talking and you know you either adjust your language and will boost you or we just make you useful in order to recruit a box of ideology and that ideology will be weaponized in order to in order to radicalize yeah i i think you're making great points there i think there's even a simpler layer below at first though too and this is what i think about a lot i think it's i think it's noise i think it's flood the zone with noise i think i think it's
Starting point is 01:19:30 that they got to a point where they organizationally realized that we're not in 1995 anymore. And we're sure as shit not in 1965 anymore. And you can't just do things that, you know, are behind an office closed door with men in suits and no one ever finds out about it. People have phones. You know, the same tools you give to surveil them are also tools that can be pulled back against you. And so what I think is things reach such a boiling point after COVID where they're like, oh, fuck, we couldn't, we couldn't even keep a lid on this thing.
Starting point is 01:20:05 That they're like, you know what? It's like another form of a limited hangout in a way because they're saying, you know what? We can't stop them all from talking about it. So let's just make them all fucking talk about everything at once so no one can focus on one thing. It's like Simon, on January 30th, that second Toronto Epstein files that came out, that, that, That's one of the most monumental for all the wrong reasons things I've ever seen in my life. I mean, it's, it is maybe the most evil thing I've ever looked at when you look at the implications of what they're talking about and what they're connected to, which are many of the
Starting point is 01:20:38 same things you're talking about today, by the way. How many people are talking about that now? Eight months later. Yeah. Not a lot. Because what's happened since then? War. You know, fucking political fights.
Starting point is 01:20:49 Now you've got midterms coming up. New news. A million things. New news cycles over and over and over again. And everything's a fucking conspiracy. You look at, you know, the fucking food you're eating. It's this is real. Like, they put poison in it.
Starting point is 01:21:01 People talk about that. Then there's a video made about this guy who did this thing. And it's just noise. So you keep the masses dispersed. You don't have them laser focused on one thing. That's why when I started this conversation with you, I said the one silver lining we could have in all the madness right now is that if we can get it to like those three or four top level just themes, forget all the old.
Starting point is 01:21:25 individual stories below them. The themes of like, don't like surveillance, don't like genocide, don't like endless wars, and don't like, why am I blinking out on the fourth one right now? And we don't like rape, right? Like, if you could get people behind those four things and just focus on that, then the powers that be, they got a big problem for their system. The problem is we are not passing that test before you even get to the credit system you're talking about. Yeah, yeah. Yeah, so I think we're in, we are in the age of, um, break down trust. And this ties back to a conversation we didn't get into. What does the financial industrial complex want now? Well, I think there's one thing I'm missing, which was the concept of the
Starting point is 01:22:05 K-shaped economy. I don't think we covered that. We did not cover that. Okay. So the K-shaped economy is the backbone of this model, which is you split the world into two types of people. Now, I'm not talking about Republican and Democrats left versus right. If you still believe in that, I don't know what to say. I mean, that's just how it's them, is them. No, it's, you know. Damn right? Yeah. Damn right.
Starting point is 01:22:31 I mean, they, yeah. They're, you know, there's a, there's a uni party. And that's a distraction. Your vote doesn't matter because they, if you look at Trump, Trump works for the lobby. Every politician works for the lobby. But their utility to the lobby is as long as you believe that you work for them, right? So the best politician that the lobby likes is one way you serve them, but everyone believes you work for the people. That's right.
Starting point is 01:23:01 That's the best politician. Those ones get grouped. And if you can compromise them, they can be president. Okay. So you give them, you give them a task. This is how policy is written. This is politics in the real world. Okay.
Starting point is 01:23:19 Accompany has a goal and it wants a legislative change. And so it drafts the policy and then it funds different think tanks and different non-governmental organizations make you think that it's something that's like a bottom-up movement or something like that. And then you give those tasks of policies to politicians and you fund their campaigns. And if they get what you want, then you give them some more money. And if they get what you want, they give you some more money. That's right. And then if you give them some more money, you then try and compromise them. And if they compromise, then they go further up and you give them some more money.
Starting point is 01:23:55 And if they compromise further, then you give them some more money until eventually they're Trump. Okay. That's how politicians work. Now, what is the most useful one is if you've got a cult following? Maga, you know, we're making America great again. That's a useful slogan. They love charisma. Yes.
Starting point is 01:24:14 So if you have a cult following and you can dumb down the populations, then you can distract people. and you can every, what happens every two years? Midterm elections, right? So now suddenly Trump's going to say a bunch of shit that makes people happy, we'll give you $5,000. We'll end this war, whatever he's got to say, right? Now, what's really happening in the background? The lobbies are saying, hey, Trump, looks like you're not getting so popular.
Starting point is 01:24:40 You know, we're going to be grooming J. DeVantz in the meantime. So, you know, you're doing great stuff for us, but people are starting to wonder, you know? And so, you know, you give Trump some more tasks, and he's got to fulfill those tasks, and he's got to maintain his popularity. And once his popularity is gone, he's no longer a useful asset. But in the meantime, Trump, you get to make shit tons of money out of all this stuff. You do some insider trading.
Starting point is 01:25:05 You buy a bunch of crypto scams. You get stable coins and funnel off some money and do some laundry. You focus on you. You make as much money as you need. Make money for us. And as long as you're still popular, then you're still useful to us. And once you're not popular, carry on, you can be. It's a pump and dump.
Starting point is 01:25:24 It's a classic pump and dump. They inject all this hoopla into a stock. Everyone gets excited. Then they realize the stocks run its scores. Done. And that's what I did as a stock broker and the market maker, but at a very, very micro scale. So the K-shaped economy, this is an important concept. And this is where we've got to get to solutions, right?
Starting point is 01:25:44 So once you want to see. understand the rules, you know how to win the game. That's kind of like, I hate talking about this stuff and then leading someone disempowered and hopeless, because what's the point in that? That's right. Okay. I was going to ask you that. So here we go. Yeah. But once you know the game, you know how to win, right? And that's kind of the most important thing. We do. You know how to win, or you know how to get the people in a position where maybe people can rise up together and all win? If rise up is winning, is rise up what power wants right now? No, I don't mean to don't take that Literally. I'm saying in a figurative sense.
Starting point is 01:26:18 Yes. Fight back against the system. Eplorbus unum. Look, there's two types of people that the system doesn't mind. They don't mind somebody that's got no money, no power, no influence, and barking like a dog and saying whatever they want. They don't mind those people. You can have lots of those. They don't mind people that are incredibly powerful, incredibly wealthy, but compromised and complying.
Starting point is 01:26:42 And their wealth depends upon complying with power. You know, that's an Elon Musk and a Donald Trump. They don't mind those. And then there's different levels at every spectrum. You could be further down, higher up, just given the extreme examples. What they don't want is wealthy people with influence that are sovereign that are able to say a bunch of shit and they have the ability to lobby and they have the ability to, you know, that's the third.
Starting point is 01:27:10 They don't want that sovereign person, all right? they don't mind either extreme. You can be incredibly wealthy, but play in the game. And so those are things. Now, what is the K-shaped economy is effectively how this game works. And this is how they compromise people. If you look right now, there's a bit of tension between like boomers and younger generations. A lot of tension, I can see.
Starting point is 01:27:38 Because boomers, they kind of played this game, right? They went through, they got their property. they got a job, they got a mortgage, they ended up with the real estate, then they got the job and they were able to contribute to their 401k. And suddenly they're sat on like, I'm just about to retire. I've got like a few million is working for me. Please don't break anything. Just don't let the stock market crash.
Starting point is 01:28:02 Don't let property crash. I need this shit. Don't worry, you can inherit it later or give you some of it later. Just don't rock the boat, right? keep this system as it is. And then there's a young generation that are thinking, I don't own any property. Screw the data centers. I'm going to blow this shit up.
Starting point is 01:28:19 I've got nothing to lose. I want property to crash. I want stocks to crash. I want to have the opportunity that you had. I can't buy a house. I'm a permanent renter. And I've got a hustle. I'm in the capitalism side.
Starting point is 01:28:34 Your side's getting socialism. And we're paying the debt. And that's the K-shaped economy. Effectively, you break your way into two paths, right? You're either in a position, and the boomers were in a position where they could spend less than they earn and invest the difference. That's how you win the game. As simple as it is, from day one, spend less than you earn, invest the difference in assets,
Starting point is 01:28:57 do that forever. That's how you win the game. Yeah. Now, people, if you instead took on debt, did what you were told, All right, I want to have fun at you at college. So I took on a bunch of credit card debt, took on student debt. And then I kept buying, I kept consuming with that debt because, and then I got in a cycle where I could never invest. You know, those are the other side of the K, those two sides of the K.
Starting point is 01:29:28 There's those that can spend less than they earn and they're building assets and they're benefiting from all the growth. There's those that are deep in debt and they're spending their money just to consume, pay their groceries. And those extremes are being, that's the K. Those extremes are not going to change. In fact, they're going to be hyper-accelerated by AI. Like, AI is going to accelerate both sides of the K. The rich are going to get significantly richer and the poorer are going to get significantly poorer and subordinated.
Starting point is 01:29:59 You mean AI as a utility in innovation itself, rather than if we were looking short-term at like market dynamics of, oh, is there an AI bubble here? Kind of like there was an internet dot-com bubble. Yeah. So the dot-com bubble, look, these are short-term crises are the mechanism for transferring wealth. That's right. What came from the global financial crisis? BlackRock came.
Starting point is 01:30:27 You know, BlackRock was working with the Fed, working with the Treasury, allocating all the bailout money, ended up buying Barclays' iShare's, which is how they got all. their ETF influence from the city of London. And they were the net, J.P. Morgan and BlackRock were the net beneficiary of the global financial crisis. That's right. And who created the mortgage back security? Larry Fink created the mortgage back security.
Starting point is 01:30:50 And so, you know, that's the classic like socialized losses, privatized gains, roll up all the mortgages, get everyone to take on mortgages, over indebtedness, create a bubble, crash a bubble, then you end up. That's what's happening in UK right now. They're basically scooping up whole UK assets. They're manufacturing immigration, racial tensions. They're just asset stripping the country for everything. Like the new changes in policy, legislation, it's all about screwing the people on that side of the K and transferring wealth to that side of the K.
Starting point is 01:31:26 And the they who's doing this is the financial industrial complex. The financial industrial complex, yeah. So, for example, right now. Now, it's getting really hard in the UK to like comply with rental laws and all sorts of stuff. They dress it up with a narrative. We're protecting the people, the tenants, right? They dress it up with a narrative, but then they have a policy where it becomes really hard for you to be a renter. So they introduce wealth taxes.
Starting point is 01:31:53 They introduce various other taxes. Now, all the wealthy, they all went to UAE. You know, they were all in interestingly a Muslim country, you know, while they're complaining about the immigration. But you create narratives, right? They're all gone. Then you leave all the people and you introduce wealth taxes and exit taxes. But there's exemptions for BlackRock if you buy real estate through a corporate entity in a fund. And so you change the game where it just favors one class over another class.
Starting point is 01:32:20 And then you transfer. That's the K-shaped economy. So if you're on the wrong side of this game, you're consuming. You're fully in consumption mode and you're not buying assets. And what's happening? Your share of the debts going up. Now, the people that only assets, those assets are going up at a higher rate than the, you know, the interest on the debt. And so they're okay with all this inflation because their assets are outperforming.
Starting point is 01:32:48 Their asset price inflation is outperforming consumer price inflation. That could be something as simple as just having your money in the stock market. Yes. Okay. And what does the stock market do? It fuels the financial, industrial complex. Yeah. You're funding the terrorism.
Starting point is 01:33:04 Yeah. You're funding the game. So you're forced into the game, right? And this is the game that was set up. Now, what do you do at End of Empire? Well, you asset strip. So what's happening right now under, again, I talk about Trump just because Trump's the president, but if we were talking about Biden, I'd be saying the same thing.
Starting point is 01:33:23 Of course. I haven't got Trump derangement syndrome. I've got Biden derangement syndrome, Clinton arrangement syndrome. Welcome to the club. Exactly. And I talk about American politics because. Because our politics, you know, the country that I was born in the UK, it's just captured. There's insignificant.
Starting point is 01:33:40 We've had seven regime changes in the UK in 10 years. Like, yeah. Yeah, you guys, I mean, it's like, it's like a fucking holiday and express over there. If you're not talking about China politics and American politics, then it's just, it's nothing else. Yeah, it's interesting because like we take that for granted. I'll speak for myself here, like growing up in this country, it's like you think, like as an American, I think. about my government and then everything else comes after. But if I were born pretty much almost anywhere else in the world, everything, yeah, I would like
Starting point is 01:34:13 to think I'd be thinking about my government very closely because it's where I live. But before I even can think about my government, everything downstream comes from America and the place that has the dollar that is the reserve currency of the world. It's a very interesting dichotomy there like you and me. Yeah, reserve currency just means that you get to socialize. the losses on the government and privatize the gains in the stock market. That's right. And that's the game.
Starting point is 01:34:40 And World Reserve currency means you hollow out your manufacturing base. And in globalization, global finance said, I want cheap factories in China. And I want to sell goods to as many Americans that would take on credit card debt. Yeah. Beautiful. You take on debt. We get the yield. You consume our products. Our stock market value goes up and we get the cheap labor in China.
Starting point is 01:35:02 And so do we want the currency to go? this is where it gets to like what is the next order. As long as the value of the dollar is going up, relative to other currencies, this game continues. Just like I said, as long as the economy can grow faster than the average cost of the debt, this game continues.
Starting point is 01:35:19 Okay, so let's figure out where we are right now because you've covered a lot of great ground today. We started this talking about like you and your story basically and you checking out of the system you were in in 2006. I'll come back to that eventually and like what happened to you after that. But then we got into the IMF where that ties into the central banks, how the game is actually played, how it ties into intelligence as well and how they launder money right into the system. And then people basically sit around and decide who dies behind currencies.
Starting point is 01:35:47 And then we've been going through obviously all the different ways that this was set up over time, what some of the goals are with the people who apparently are running this, how they basically fake it to the populations through something else and really do different things behind the scenes. and it's created at this point in America, which at the moment is still the empire of the world, certainly showing similar signs to other empires in history as coming down over the next century or so, which is not great, obviously, as an American to be able to say that. But, you know, it's part of that pattern that's been formed is because of this K-shaped pattern we now have where the demographics have literally been pitted against each other financially. And now you're saying through AI itself and that innovation and what it's going to allow, to do from a winner take all perspective from the for the financial industrial complex it is going to
Starting point is 01:36:36 create even more of a wealth gap and divide demographically as well where the rich are going to get rich or the poor are going to get poorer you're going to completely remove the middle class and it sounds like we're fucked but we've been hanging on to this idea of like there could be the solution here what is that like in a perfect world let's start there what does that solution look like and how long does it take? So my personal belief is that there's no fixing America, just like there's no fixing UK and there's no fixing Europe. So what are we fixing then?
Starting point is 01:37:09 Earth? Yes, I think so. I think the fall of one empire is the rise of another empire. I think the Europeans and Americans on the global stage created a lot of trauma in Asia, the global South, in Africa. I think so far as little as much as I wouldn't want to live in China and I did live in Hong Kong and I spent a lot of time in China. I spend a lot of time in America. As much as so far, we've seen that China in its international relations is very different to America and Europe and UK.
Starting point is 01:37:50 And they want to sell goods and in order to sell goods, they haven't been done. destroying countries, they've been building countries. And they've been issuing loans through the Belt and Road initiative that have an act like the IMF. Now, they'll be predatory. I'm not giving you. I was going to say, there's a price on that. There's definitely a price on that. But what is their overarching model?
Starting point is 01:38:13 We've already started to see across Africa, across the global south, the countries that previously would just be giving their resources or giving their resources to the West with a corrupt dictator in charge that's doing that. enriching himself over the population, they've started to fight back and say, build factories. And we're not going to actually sell you the resources anymore. We're actually going to sell you the finished product. And we'd like you to invest in building factories in our country. And so the manufacturing bases are changing as a result of this dynamic.
Starting point is 01:38:46 And so the global picture is not the same. There is certainly, if you look at the global picture, you know i personally believe what we're witnessing in iran right now as much as people think this is world war three i think it's actually uh the end of the forever war in the middle east the end of it yes absolutely i think this is global finance fick wants a multipolar world now it doesn't want uh it's it's hedging against its american host okay can you put that back in english Yeah. So historically, the Dutch were in charge. They had the biggest naval fleet. The British were in charge. They had the biggest naval fleet. They did colonialism and they subordinated countries
Starting point is 01:39:37 around the world. Then we passed that model over to the Fed and America. America built the military industrial complex, the financial industrial complex and the technical industrial complex. But now the government is fully subordinated to Mick Fick and Tick. That's right. They have to work with China. China is exerting its influence. because it's the global manufacturing base. Tick needs rare earths from China. Mick needs components from China. FIC needs its investments to have cheap labor in China.
Starting point is 01:40:10 So Mick Fick and Tick can't take over China, but they want to work with China. And so they're building multipolar, multi-node, I call it, financial centers in UAE, in what they can get away with in Iran, in what they can do in all these different places around the world to transition to a multipolar world where this is where it's very different. So in our lifetime, in our history,
Starting point is 01:40:37 we've always thought about an empire, a dominant currency and a world reserve currency. The world reserve currency is asset stripping the West, transferring upwards this K-shaped economy, building a global control grid with this AI between China and the tick. that's not an AI arms race. Can I stop you for one second?
Starting point is 01:40:57 Because I asked you a little bit ago if they were passing the buck to China. And you said, no, they don't want to do that because China's government has sovereign power and control. But what you're describing right now, for lack of a better way of putting it, feels like that's exactly what they're trying to do, but they're sticking a condom on and saying it's not sex.
Starting point is 01:41:19 I wouldn't say that. I'd say they won multiple McFick and ticks in multiple countries. that has global currencies, not one global currency, sorry, multiple currencies. And they're building out their financial centers all around the world. And their assets stripping the West for all that they can. They're renting out the U.S. military, sorry if this offends you, but you might as well call it a for-rent militia to financial power right now.
Starting point is 01:41:50 If you want some resources, you know, send them, send them Mick into Venezuela. you know, if you want to, if you understand what you're saying. Yeah. You know, and the military at the higher level of power is for rent. It's not about national security. There are a lot of people actively in the military right now who I've spoken with, obviously, very off the record who, even if they're not describing it in the terminology and in the layered system that you are, feel exactly how you feel.
Starting point is 01:42:22 And people can go online right now and look at a lot. of people who were serious tier one operators for a lot of years who maybe aren't in anymore who are speaking very openly about again maybe not with the terminology you are but that idea of like what the fuck are we doing a lot of that sentiment yeah on the global scale um i believe that multilarity and global competition is actually significantly better because if if you look at what happened really you know you had america rising manufacturing base the competing power was really only the soviet union we entered into the cold war europe was just destroying itself and it's been on decline ever since so they rolled it all up into the european central bank and the european union
Starting point is 01:43:12 so they could you know control that and we've just been a piggy bank for american mick fick and ever since, like extracting more and more and more into the U.S. stock market. Stock markets have outperform the economies. So economies are decoupling from stock markets. That's the big thing that's happening here. And the government debts going up and up and up for as long as you can do it. Yes. But China is effectively building competition to the IMF, and that's changing a lot of countries.
Starting point is 01:43:42 There's a lot of growth across Africa. There's a lot of growth across the global south. I think that Trump was there too in my, I think he was there to dismantle everything that propped up the dollar. Because we talk about the things that you talk about, USAID, you think that's great to get rid of that. But that did prop up the dollar. That was this mechanism via the IMF of covert funding in order to, you know, take like the Petro dollar, assassinate King Faisal, force like after the Vietnamese war America was bankrupt, defaulted on its convertibility to gold,
Starting point is 01:44:21 assassinated King Faisal, used Israel in order to create the last oil embargo, you know, that oil crisis. So obviously Israel just came and like started doing like further invasions across. And then there was an oil embargo where a lot of the Arab countries got together and then stopped exporting oil to America. And then eventually that led to the negotiation of the petro dollar where OPEC was formed as a resistance against American Mick.
Starting point is 01:44:57 OPEC said that we'll cooperate on oil pricing, will embargo America. At that time, America needed the oil. At the moment, it doesn't need it as much. But, and the petro dollar was the negotiation that said, okay, You price your oil in dollars and you then hold those dollars in a Federal Reserve Bank. And then that bank purchases US Treasuries. So you buy our debt, which is funding the Forever War that's happening to you. But as long as you take the yield on that debt and you spend it on US military companies,
Starting point is 01:45:36 Lockheed Martin General Dynamic Raytheum, and then we'll build a base, a military base in your country and as long as that military base exists, you have to keep buying these treasuries. Okay. And so they created a circular economy that created the demand for US debt. And that was by, you know, through this agreement, the petro dollar. What changed is that America became energy independent. China became the largest consumer. So if you're Saudi Arabia, you used to get all.
Starting point is 01:46:11 your money through this relationship and you built a big sovereign wealth fund that allowed you to co-invest with FIC, but now all your money is coming from China. So China's buying all your oil. America's energy independent. So it's going around like a rabid dog trying to make sure that Europe is buying all of its energy, that Central and South America is stuck in its system, building a Western hemisphere. Then you need a massive transition in the Middle East. And that's what I think the Strait of Hormuz was. The Strait of Hormuz was very similar to the British, you know, Egypt moment. Suez.
Starting point is 01:46:50 Yeah, Suez Canal, yeah. 54. Can you explain what happened there to people? That's a pretty critical moment. Yeah, so Egypt was kind of the Iran of its time. You know, it represented a lot of, you know, North African and Middle Eastern power. Wow. I never thought of it that way. That's interesting. And that's why if you look back at the early
Starting point is 01:47:15 covert operations like the USS Liberty, the Levant Affair, it was Israel manufacturing a narrative that to get, you know, the war going with Egypt. Yeah. This was like right after Abdel and Nasser. Is that his name? Abdel Nassar was, okay, here's a key thing. A sovereign country owns its own resources. They want to sigh up you into saying that that's socialism or communism. A country that keeps its own resources and fuels its own sovereign wealth fund is a country that can fight off fig. They want to sigh up you into thinking that that's socialism. So let me ask a question below that. Yeah. Would it depend on the context in which they own it as an example? If we own, I want you to pretend ExxonMobil was less multinational than it is for a second.
Starting point is 01:48:10 Obviously, you and I both know it's a global company. But like ExxonMobil is a private company headquartered in America. That is not the government itself that can exist in free markets and, you know, with oil. On the contrary, you have Venezuela where, you know, when they came in and took over with the Socialist Revolution there, whatever that was, 25, 30 years ago, the government took control of it. And then they sold it, pillaged it, sold it to other people around the world, and the people there received absolutely no downstream effects of the profits, which to me is socialism. So are you saying that that's a sci-op in the sense that there's a way to do it where if companies or the government actually controls the natural resources and benefits their people first, it wouldn't be socialism? Does that make sense?
Starting point is 01:49:04 Yeah. So firstly, these were all economics terms, which was, again, went through the same funding mechanism. Power-funded colleges, colleges created the syllabus to make you. This is the most thing. This is where I think, this is why I love podcasts and these types of conversations. I've got to get back to that. So remind me back to that. But I've got to say this. Most of what people think, they think it's their own thought, but it was kind of downloaded into you're right like an operating system you're right you know like you've got your iPhone you download this operating system and you're given some pre can and and you think you start to believe yeah that's my thought but no most of the time if someone says i i support iran i support trump
Starting point is 01:49:54 i can list 15 other things that i'm pretty sure you also support and i pretty much know your narrative of exactly all the arguments you're going to say you know you're going to say that's right And you didn't come up with those. You just, you learned those. And you've never took the time to think about whether that was actually your thought. And, you know, you were downloaded right from the beginning, right from the education system. You know, a propagandized history that turns you into what they need where you are, you know, and most people have never, they think they've like really, we're in this free thinking place. But no, most people are just a pre.
Starting point is 01:50:34 a preloaded operating system in terms of their thoughts. Agreed. Yeah. Agreed. So back to that socialism point, like what the semantics have to. So the whole communism versus capitalism is two, and even socialism, there are words that absolutely mean nothing. Because when you have a debt-based Ponzi scheme backing the system,
Starting point is 01:50:55 there's no communist country right now and there's no capitalist country because we've never had hard money and a financial system, you know, where there's anything that represents the economic assumption behind these ideologies. And these ideologies were just like Republican and Democrat. It's actually what I, the way that I see it, so, you know, when I got into economics and I started free thinking, I was thinking, a country has resources. How do they use those resources? Do those resources serve their people? You know, do they, they serve capital? Do they serve foreign interests, global interest? And that's a game of geopolitics. Now, the label, socialism, capitalism, and communism is absolute BS in terms of its practicality.
Starting point is 01:51:43 And these were pre-engineered. These were pre-engineered assumptions. And I've done a master's in economics. I went deep into mathematically understanding the assumptions behind these models. and they kind of rely upon a few things. Even if you go back and like most times we talk about, when we think of capitalism, we think of Adam Smith and the wealth of nations, right? What predated Adam Smith and the wealth of nations? Well, if you look at his work prior to the wealth of nations,
Starting point is 01:52:13 it was all about ethics and ethics being combined with economics. Now, wealth and nations became very popular because it was very useful to the Bank of England. And Adam Smith has got his, his, you know, his face printed on the 20-pound notes. But prior to that, it was all about, there was a concept of ethics in economics. It was actually called sociology. And it was actually the science. If you go back to these economic cycles, they go, if you look back to the originator, people will think of it as Ray Dalio now or something like that. They go back to Ibn Khaldun,
Starting point is 01:52:50 who created the, you know, these ethics and economic models. Now, what? era was at. That was when Europe was in the dark ages and Islam was in a golden age. Now that was all polished over. Then we were given Adam Smith, funded via these universities in England. And then we were given these pre-set. Even communism, people think of communism as like a Russian or Chinese thing. It's a Western ideology. Like communism was Marx. Marx was like trained in the West. These are both capitalism, communism, socialism, all of this is Western thought that took a lot of the ethics out of economics and changed it from sociology and then mathematically installed this into a nation of banksters that justify the system that people are too, that are too,
Starting point is 01:53:44 like, too engineered to kind of think about. So in my mind, you got to, this is why I always focus on the mind, the process now in this AI age, in this AI era, is you getting your mind to actually develop your own thought and trying to reverse the engineering, reverse the sciop that they're pushing you through right now, reverse the algorithm. Like when I'm being fed videos, why are those videos coming to me? You know, why am I, why is that, you know, why are they trying to make me click on that? That, you know, these things, it's, it's, it's, it's, it's, It's the mind that we need to, that you need to free yourself. Your mind needs to become sovereign from these things that are installed in you.
Starting point is 01:54:32 And to me, capitalism, communism, socialism, these are just labels like Republican Democrat. And they're designed to divide and conquer, which is the old military strategy that made the financial, the fix so much money. Yep. I've told this story a ton on the podcast. So like always, always apologize to apologies to people who. I've heard this one, but Stephen Kinzer was this longtime journalist with the New York Times. And he went on my friend Danny Jones's podcast back in 2020 at the height of COVID and told a very fascinating story that I think just explains so much. And basically what he said is after Carter, after the Carter administration left, Kinzer became, he was like a New York Times correspondent for all of South America or a handful of countries down the United States.
Starting point is 01:55:24 there, whatever it was. And so maybe like a year after the Carter administration ended, he's doing that job, finds out Carter's coming into town. So he knew Carter. So he's like, all right, I'll hit up his team and see if he's around. Maybe we'll get a drink. Hits him up. Carter's team said yes. So they meet up to get a cocktail together. And Kinzer's like, you know, kind of beating around the bushes a little bit, figuring out what's a go here, see if it's too soon to be able to ask him certain questions and they start drinking a little bit and he finally asked me he asked jimmy carter he's like what's it like when you become president like what you get in there and now it's like oh shit you won the election and you're like supposedly the leader of the free world what is that like
Starting point is 01:56:07 and carter says to him oh my god dude you have no idea it is it's insane and so kinser says well what did you do to like get yourself into mode to prepare for it and Carter said I called every living president and invited them in to meet with me one on one and at this point Kinzer's feeling it and he goes all right fuck it I'll ask him who gave the best advice and Carter smiles and he goes Nixon and Kinzer goes why and he goes because Nixon didn't bullshit me Nixon came in there and said all right here's the deal. All these fuckers in Congress are going to fight over health care and taxes and bullshit scream at each other. It's going to move 5% one direction, 5% another. Everyone's going to get pissed off. It's not going to be a part of your legacy. No one's going to know shit. But the foreign
Starting point is 01:56:58 policy, now that's where you have some power. Yeah. And this is a guy talking who took us off the gold standard. This is a guy who obviously knew that very well what that was. But it's a very telling thing because the insinuation I always took from that was everyone's going to be fighting over this little shit we feed them over here like run after the little scraps you little squirrels and then we're going to go do all the other shit that matters like I talked about flooding the zone with noise earlier what's happening while they're doing this noise shit that maybe I'm not looking at or people aren't looking at out there they're going to go do these things because they can because that's where the real power resides do you agree with that um I think for
Starting point is 01:57:39 Policy is, yeah. I, you know, as I said, my, my map of the world is a fix on top. Is what? The fic is on top. Oh, the financial industrial complex. The financial industrial complex. Now we can get down to the nuance of who that is and these are all interesting conversations. Let's do that in a minute, but I'll keep you with this. Yeah, yeah. But yeah, foreign policy is absolutely what props up the dollar. And here's the inconvenient truth. this is the real inconvenient truth everything that you hate about what's being revealed right now
Starting point is 01:58:15 is in fact structurally what propped up the empire and so USAID is what gave the dollar its strength Epstein and it's and I'm sure he's just one of many is what preserved
Starting point is 01:58:32 the system and so the moment that you're finding out about it is because you're meant to find out about it, I think. And that's because the empire is no longer as useful to power. And it's managing a transition. So the things that you hate, sadly, is what made America what it was. And I had to figure that out about my country. Yeah.
Starting point is 01:58:58 Yeah, I think there's an argument there. Maybe it's not 100%. Maybe there actually is some good somewhere. And I could say that about other empires too. I'm not just looking in America and trying to put on rose-colored glasses, but I think you're absolutely right that there are a lot of things that you wouldn't want to talk about at dinner parties that you previously didn't have to see, and now the door has been open and you can't unsee it. Yeah.
Starting point is 01:59:19 Yeah. So we need to, you know, manage this transition. Yeah, you keep talking about that. And I asked you if it was China and you said no, but you said it goes other places. So what maybe a better way for me to ask that that would let you paint a better picture would be, What does the world look like in 50 years? Who's in charge? Where's in charge?
Starting point is 01:59:40 And what is it? Yeah, I think China's important. I think there's been a rise of a global south. A global south. Yeah. Like the bricks kind of thing? There's regional blocks. So no one's got everything.
Starting point is 01:59:54 You know, America became the uniparty when the Soviet Union fell in 91. And when Europe destroyed itself in World War I and World War II. And then we entered into that, you know, Vietnamese war, coming off the gold standard, the petro dollar, and then the debt situation we're in today. I think if you look at the world right now, it's organizing itself into blocks. There's one called SEO, Shanghai Corporation Organization. There's another called ASEAN, which is the different Asian countries. There's GCC, which is the Gulf countries.
Starting point is 02:00:29 There's BRICS, Brazil, Russia, India, China, and then UAE, Iran, and Egypt, and Ethiopia join that. So they're organizing himself into blocks. And as new geopolitical events are happening, i.e. Iran is destroying U.S. bases from the Middle East. You're seeing Turkey that historically connected to the Ottoman Empire has a manufacturing base, destroyed currency. That's why their currency is being hit right now, absolutely destroyed Iran and Turkey's. But, you know, they've got a manufacturing base. They create drones. You've got Pakistan, a historical, completely destroyed by dollar debt. During COVID, they run out of dollars. They then had to get a loan from UAE and Saudi. And then they suddenly become the host of agreements with China and various other
Starting point is 02:01:21 things. And then Egypt is looking at joining a defense pact with Saudi Arabia, Pakistan, Turkey, Egypt. We're going to see what the Strait of Formuz knew. That will set a massive part. It's such an important thing. The reconstruction contract, there was talks about a 300 billion reconstruction deal with Iran. People get very ignorant. 300 billion is not charity. It's not reparations.
Starting point is 02:01:53 It is FIC investing and Iran accepting. And that sets the terms of those contracts. sets very important things because, you know, Iran is a member of OPEC, a bunch of oil comes online once he's, and if you take out the sanctions away from Iran, I can't tell you how big and important and what a massive historical change that is. If you end up with a deal with a $300 billion, the Strait of Hormuz, controlled by Amman, Iran, and various other interested parties that rely upon that, they're being vassalized into China. You know, China effectively is the whole economy of Iran right now from its oil exports.
Starting point is 02:02:37 And there is a major, major territorial push. So whatever happens in the Strait of a mess will happen in all the other strategic points, which is why we're talking about Yemen and Houthis right now, which is why before we were talking about Somalia, if you follow all of the different things that we're told, they all represent strategic points in terms of the safe passage of resources. All of those. The previous empire was based upon free passage. Whatever happens in Strait of Fumuz happens globally.
Starting point is 02:03:08 And it has significant impacts. It has a significant impact around the world. And once you control your ports and you control your resources, then you can fuel sovereign wealth funds and then you have negotiation leverage with FICC. Because if you look right now, who does FIC work with? Singapore, Saudi. UAE, Qatar, Kuwait, China, Norway. What's those all got in common?
Starting point is 02:03:37 They've all got the largest sovereign wealth funds in the world. In fact, they bought so much equity from America that they virtually have 40% of the entire US stock market. They're the landlords. What happened? The Gulf countries stopped the petrol dollar. It broke when they stopped buying treasuries. They still peg their currency to the dollar.
Starting point is 02:04:00 But when the currency started going down, and currency is only going down when FIC make them go down, the dollar started declining. That meant that they had to defend their pegs. And then what they started doing is rather than buying US debt, they started buying US equities. Think of US equities as voting rights control. It's been an asset strip globally. So FIC is partnering with all these sovereign wealth funds, and they're all dependent upon revenue that comes from China. And then they're all organizing into defense pact and blocks because no one's going to control the game. That to me is actual competition.
Starting point is 02:04:37 That's kind of a movement towards something we haven't lived through. We haven't seen. And whatever happens after the Iran war, whatever that agreement is, and I genuinely believe we're not moving to World War 3 here. In fact, what we're seeing right now. That's one nice thing you're saying, did I? Oh, I would be so surprised. move into World War III. This is happening because we've got the FIC, you know, setting a multi-node order, which is what I think we're witnessing in real time. And I think America will still continue,
Starting point is 02:05:14 I mean, it's got land, it's got resources, it's got population, it will dominate the Western hemisphere, it will be controlled by Mick Fick and Tick, it will destroy Europe. I mean, Europe's got the darkest future of all. That's where you live. Yeah, I mean, you know, I kind of, I did what the British Empire did. And 54 when they, when the empire fell in the Suez Canal, they could no longer defend the Suez Canal. They created all these different islands. And those islands were effectively for people that wanted to escape. You know, we know them as tax havens now, Channel Islands came.
Starting point is 02:05:48 You got to be careful using the term islands these days, you know. Yeah, you do have to. You do. But I live in on an island where, um, there's not much crime and there's only five people in prison. stuff like that. That's nice. Yeah. I tried.
Starting point is 02:06:02 I like, you know, I lived in Asia for a bit like, but yeah. I see you got a wedding ban on. Do you have kids? I don't talk about it too much. You don't talk about that. Okay. Let me ask you in hypotheticals then. Yeah.
Starting point is 02:06:16 If you did have kids. Yeah. Do you think that it's going to be possible for them to live in a better world than you do? This is really important question. I really like this question. Here's why I think that's important. I've painted a very dark picture, quite depressing. It is a change of the world, but I think a world is you understand capital is just moving.
Starting point is 02:06:37 Like it's not the end of the world. I think we're avoiding World War III. From my analysis, people disagree, which is great, which is a beautiful thing. But what the algorithm wants you to do, when I look at the algorithm and I think, what does the algorithm want me to do? It wants me to be unhealthy. It wants me to be mentally weak. It wants me to hate women.
Starting point is 02:06:59 It wants me to not have children. It wants me to believe that the world is really messed up. And yet, when I go out in the garden and touch the grass, it just seems kind of okay. You know, I travel around here and things, I was showing a picture of New York that look very different on my algorithm to what happened when I got here. Isn't that funny? Yeah, we experienced the same. Dief and I went to Paris last December. Experience the same thing.
Starting point is 02:07:23 Lovely place. Yeah. You know, you guys probably think that the UK right now has got a Muslim. invasion, they're implementing Sharia law. I don't jump to that because I haven't been. I've been very open about that. I'm like, we're going to go, I guess, in December. But like, I'll judge that when I fucking see it with my own to watch.
Starting point is 02:07:40 No doubt immigration is being weaponized. Like, you know, so it's a, it's a tool. It's a tool to achieve a goal. But, you know, they want, if when I look at the algorithm right now, I think about myself, right? We're moving into a world where everyone can't figure out what the truth is, right? I told you a bunch of stuff that I believe is true. I spent 25 years studying it and probably half of it isn't true. And 50% of it, I think I've done the best I can to figure out whether it's true.
Starting point is 02:08:08 But what happens when we enter into this world where we cannot distinguish between truth? And, you know, it's the fabric of society trust is breaking down. Like that's happening. Brother, I think we're already there. Yeah. We're already there. So to me, in my deluded world, When I think about, okay, that's how it is, then maybe I've just got to do the opposite of that.
Starting point is 02:08:32 Maybe I just got to believe that life is about a very long and prosperous future. Maybe I've just got to understand the rules of how this game works. Maybe I've got to understand why the media wants me to believe that. Maybe I've got to understand why they don't want me to have children and why they want me to be fat and obese and dumb and ugly and all of that. And your job maybe is just to believe the opposite and try it on for size. And because with my, you know, if I theoretically were talking about my children, I'd want them to believe that their life matters and they're going to make a big difference in this world and they've got a beautiful life ahead of them. And you can understand the rules of money and you can spend less than you earn and invest the difference. And guess what?
Starting point is 02:09:12 They want you gambling on cryptocurrencies. They want you gambling on polymarket and degenerate and thinking that the only career is only fans in gambling. They want you doing all of that. So just do the opposite of that because, you know what? You know, there is the key to success is having, in economics, and sorry to be geeky, we call it time preference. It's an Austrian economics concept. Time preference means that, you know, a high time preference strategy means you think very
Starting point is 02:09:43 short term. You need to convert everything to cash and stuff like that. Low time preference means you think very long term and you're accumulating for the future. Like China is the low time. preference strategy, and the Mick Fick and Tick is the high time preference strategy, quarterly earnings, two years midterm election, four-year election cycle, everything short-term, right? They want you to think everything in short term. I think the antithesis of this is long-term thinking. And if you can really believe that there is a better future and there is a better
Starting point is 02:10:15 future if you can create it, then that's the psychological shift. And so I ask myself that question, Are we being trained to think short term? And whose agenda does that serve? All right, you buy everything on subscriptions. You take on loads of debt. You believe that there's a sense of hopelessness. You engage in things which are bad for you long term. You get unhealthy.
Starting point is 02:10:45 You get mentally ill. You take drugs. You drink a lot. These are all things that serves. power in this. So the antithesis is to delude yourself whether you think it's true or not. And I do actually think it's true because in the grand scheme of the world, this empire that we're witnessing, even the whole thing that I explained, Dutch, British, American, riser China, multipolarity, global control grid. This is but a speck of the entire history of the world. You know,
Starting point is 02:11:21 And what are you on this earth to do? Like, are you here to be subordinate? Or are you here to make a difference? And the only way you can make a difference is by building something that you believe and understand the rules as they are. Don't delude yourself. Right. But here's the rules.
Starting point is 02:11:39 Let's take everything that we said was bad and think about it. Well, if I were born today and there was an opportunity to create a business with AI, have access to information I've never had before, figure out, disseminate truth. Maybe that system gets corrupted. So maybe I invest in decentralized versions of AI and host my own servers and figure out how to actually have a digital revolution against decentralizing forces. What's the antithesis of central banking?
Starting point is 02:12:08 Well, it's decentralized money. What's the antithesis of centralized AI control goods? Well, it's me hosting my own LLM on my own server. Now, who needs to learn that? Everybody needs to learn, you know, how to, control your own identity, control your social media data. Who is most equipped today? You know, there's a yin and yang in everything, right?
Starting point is 02:12:30 This phone is being weaponized to do all the things that I just talk about. But at the same time, you are the one, you are the generation, the young generation, is the one that gets that. These boomers, they need people like you to help them make that transition. So you've got to just go with the world as it is. you've got to think about what is the resistance against it. You know, ying and yang don't see the world worse than it is, don't see the world better than it is. I don't say I have the answers to that.
Starting point is 02:13:00 And it's a mental game. But I genuinely believe that the one thing, if I were to say, what is the opportunity? It's actually individual sovereignty. It's building the tools. It's investing in the tools. It's thinking about what does one need to be in order to remain individual sovereign. And it's the young people that have got those skills. The old people don't have those skills.
Starting point is 02:13:22 They've got no chance. They're going to be hacked by AI and their emails going to reveal all their data. And the only way we resist against this is by actually being able to secure our own data, hold our own data, host our own data. That's a massive opportunity. And at the same time, you're going to have to own assets. And if you can't figure out a way, a spending less than you earn, investing the difference in assets, you can either put it in the stock market, no.
Starting point is 02:13:47 that you're funding this stuff to later do whatever you need to do. There are assets that are outside the system. Do what the rich and central banks do. They put it all in gold. You know, put it in gold. Why not? Bitcoin. That's another thing. Yeah, you still have to live in places where you have some control over what you do. And what I mean by that is, you know, if you lived in immediate post-war Germany, they were burning fucking Deutsche-Mars. for fire. If you lived in Venice, still in Venezuela, but specifically before this latest whatever, you know, there's no opportunity there. There's no ability to spend less than you earn. You know, there's no economic growth. There's no class movement, no nothing. And so if the world goes a certain
Starting point is 02:14:37 way to, it doesn't matter whether it's England, America, or a bunch of different countries that just are run by these strange gangsters that have all-seeing power in a way that's never been available, before, technologically speaking, scope, reach, and size, and scale, you know, and you live in some sort of 1984 model, it's hard for me to imagine a world where you have enough percentage in your control to be able to do those things. That said, I do really appreciate how you're laying that out because I am an optimist, believe it or not. You know, it's hard for me to have conversations like this with someone like you, but it's important to do it because you know a lot and there's real concerns here and things we got to avoid. But like I look forward to having kids. I don't have them yet.
Starting point is 02:15:20 But when I do, of course, I want them to be able to have a better world that they earn their own way in after me. And so, you know, how do I do that if the levers of control to even try to make that happen through work ethic and grit and all these things and being a sovereign individual are not even on the table? Yeah. Well, again, you need to look at the rules as they are today. the old rules were work hard, get on, pay some debt, the value of your property goes up, you get an equity release program and you invest in a 401k and you get stock. I don't think that's the rules anymore. I think the rules today is that that's completely out of, you know, accessibility unless you
Starting point is 02:16:11 build wealth. So how do you build wealth? Well, you've got to be more useful to the world as it is today, which is this technocratic. side. And so how are you going to navigate that? You know, the opportunities to build business if you're in that are greater than before. I do look back at history and look at times. I'm guilty of saying, you know, these things are the worst they've ever been, but actually, they're not the worst they've ever been. When was the worst? You can look. You can look back at like times when like Europe was in dark ages and World War I, World War I. World War.
Starting point is 02:16:47 to great depressions. I think, do you know what? I'm incredibly grateful. So I was born in, what does it make me if I'm born in 1980? Is that Gen X? You are right on the edge of being a front-end millennial. Like millennials are like 1980, 1980, 1981. Yeah.
Starting point is 02:17:06 So when I was at school, we used pen and paper. And I was reading books, like physical books. Wow. Yeah. When I went to college, university, we used. call it we were I was on a computer and we would get like download stuff and I would take the computer put it on a printer and then put it in a folder and then I'd read it from the folder wow that's old school as fuck yeah yeah then by the time I was started work we were just working in front of a screen
Starting point is 02:17:40 when I was a trader I was in front of eight screens Bloomberg terminals yeah I mean all sorts like yeah you know um I even, I don't tell, but I've got like a very bad eye condition. And I started to, when I got this career in trading, I started to lose my eyesight. It significantly deteriorated. And what's the condition, if you don't mind? It's called it like a macular dystrophy. It's like a rare condition that they can't solve for like an issue in the back of the eye.
Starting point is 02:18:08 So there's not, you can't do any kind of LASIC or something like that to help. I don't do anything. Wow. There's nothing. I'm waiting for some kind of gene therapy or, but I'm very excited about what AI. and all this stuff is going to produce on the healthcare. Yeah. Like,
Starting point is 02:18:22 but my eyes started to deteriorate. And I remember my boss started to notice it and I almost lost my job because he was like, you know, I feel it's a bit dishonest. He didn't tell us about it. I was like, I think I can do it anyway. And I was, I always used like pattern recognition and then. If you don't mind me asking like, is it like the kind of thing where everything's coming in foggy or you're seeing multiple things at once? Yeah.
Starting point is 02:18:46 So I can see you, but I don't. don't see the detail that you see. So I can't tell whether you're looking at me or looking over there and like, you know, I just can't see detail. I see. Got it. Yeah. Okay. And so if you ask me to read that, I just see literally white, white. Right. Yeah. I can't read any of that. Jesus. No chance. And, you know, I almost lost my, I almost lost my job. And, you know, it was a, it was, But, you know, you learn. And I think there, I look back and I think I over and compensate for my bad eyesight where I work hard or I study hard or I try and figure out new ways of consuming information.
Starting point is 02:19:29 Now you can do audio books and all sorts of stuff. But sometimes those things become the defining thing that kind of makes you, right? Like it was my dad lost all his money. That was the question that set me on this task for 25. 26 years of trying to understand this system. But there's something in this world that if you take what the world throws at you and then you adjust to that, it makes you quite often. I think if most people that they could give examples in their own life where they look
Starting point is 02:20:07 back at something that was the worst thing that could have happened probably was their defining moment in them. Yeah, I completely agree. I feel bad for people that have everything go right for them or have everything handed to them. It's probably a better way of putting it. And don't experience struggle, don't experience serious failure. They're always propped up because I think it's a miserable existence. It sucks when things in your health get taken from you or you have no money and you can't pay your bills or you lose your job or you think you're good in a career and. then you're like, fuck, I don't want to do this and you got to start it. Like, these things suck. I don't, I'm not excited to go back. Like, if you made me go back and relive some of those times, I wouldn't want to do it. But I'm very grateful. Yeah. All those types of things happen to me because they taught me about my ability to be resilient and say, fuck it. We're going to figure it out. You know, I think you, I think you're so, so right about that. And I think that that is something that if,
Starting point is 02:21:06 if technologies had a really rough effect on us, you talked about the algorithms, completely agree. But a downstream effect of all of that and our addiction to these things is that the younger generations coming up you do worry about what that's going to look like as the generations go on about their ability to take any type of real world pain you know yeah yeah yeah it's it's uh you know know i ask you about the hypothetical kids thing because i think that's how so many people are thinking now because unfortunately we even live in a world at least in this part of the world where as far as I can tell for the first time, maybe ever, having kids is like a financial decision, which is literally de-evolutionary.
Starting point is 02:21:52 But is it really? Let's think about it. I completely agree by that. But in the most poverty-struck countries in the world, they seem to have the highest birth rates in the world. So why are we in a world where we believe that having children is a financial decision? Because we know comfort. Yes. That's why.
Starting point is 02:22:09 And yet the only people having children right now are in Nigeria. like in terms of the highest birth rates in the world and the countries, you know, they don't see it as, they don't see it as a financial decision. They see it as what this is the breakdown of family, right? This is the breakdown of family values. The unit, the family unit, even the family, like, I think one of the biggest pandemics right now is the distrust that I find it very disturbing to see the distrust between women and men right now. I agree completely. I find it very disturbing. You know, it's all games.
Starting point is 02:22:43 Yeah. I mean, you know, I am half of myself and my wife. You know, I, we are one unit. Everything that we built, like from we were deep in debt together. We were broke together. We left banking together. And everything we built, we built together. And, you know, that decision in terms of, again, it's like,
Starting point is 02:23:12 All right, you're in a country, right? Pick your own jurisdiction. What's the first jurisdiction is your mind, is your body? It's your soul, right? Your relationship with your spirit, your mental capacity, the health of your body. That's your individual jurisdiction. Then you work out and you've got a household and a family. Then you work out and you've got a community.
Starting point is 02:23:31 Now you can insulate yourself at all of those levels. We've seen it. There are cults that build these self-contained communities, right? Take out the cult. Can you bring your own? community, you know. And so at the micro level, it's that individual jurisdiction. And then you gradually work out. But, you know, once you start to get to country and geopolitics and stuff, so, you know, and these are, I think, the things that people are going to have done. And historically,
Starting point is 02:23:59 they have done. Like, how do you, how are people surviving and having children in a war-struck country? That is because they create their individual jurisdictions. They see the values of family. And they see it as an extension of themselves. They only have the only luxury they may have. And it's not a luxury, but you know what I mean, is to focus on the most basic things ever. Yeah. You know, and that's why, like, it's a great point you bring up a few minutes ago about, like, the things being forced upon the younger generations and everything. When you look at only fans, you look at porn, you look at gambling, you look at all these different industries that are not going to have a positive impact.
Starting point is 02:24:42 on many people's brains in any way. They're going to have actually a zero positive impact and only a negative impact. And you wonder about that psychological warfare and where that's coming from because I'll tell you this, I know they ain't getting those fucking videos in China on the kids' phones.
Starting point is 02:24:58 You know what I mean? That's fascinating to me. Yeah. And it's interesting. Like I spent quite a lot of time in China. I visited about 18 different provinces. but it is interesting that when people don't give a shit about politics, they just get on with their own life.
Starting point is 02:25:17 And that's quite an interesting observation. No one talks about politics. They know what their government is. They know how it works. And they don't spend any time on things they don't control. And so they think about what they've got to do for their own. And interestingly, 95% of Chinese people are in their own house. 95% own their own house.
Starting point is 02:25:38 Yeah. And virtually all of them have savings. So they can, you can talk about the Chinese economy right now, real estate going down, debt's going down. And that's a feature, not a bug. They're literally just allowing the economy. Like what's the percentage ownership? Am I right?
Starting point is 02:25:55 Yep. Roughly 90 to 96% of households own a home. Rural ownership reaches up to 96 to 97% while urban areas sits around 87 to 90% young adults about 70 to 78% of millennials in China already owned property now interestingly um i experienced two countries quite intimately one was hongong and one was singapore um when were you there i was there 2015 i was basically chased out of the country by the bank of england and i'm tell you about those ones okay we're going to put a quick pin in that yeah let's do a quick tour in singapore and hong k and come back to the uk yeah um just tossed that one in there like that was
Starting point is 02:26:35 nothing. You have a red notice on you? No, I'm all good. I was pretty scared about landing there actually. Yeah, if I hear the fucking door get banged down out there, I'll be real disappointed. Yeah, it's more subtle. His licenses, regulatory name, all that type of stuff. But the, yeah, if you look at the difference, so, I mean, Hong Kong is just this most amazing place if you ever go to visit. Like, it's, you know, really incredible. But the most expensive place in the world to live. I live there for about three years. And the entire country is just people that are laundering money through Hong Kong and buying in real estate and the prices of real estate. If you think New York's expensive, like check out Hong Kong.
Starting point is 02:27:23 Good Nico Aronson on that. I'll find out real fast. But the natives, and this is the dark side of Hong Kong, and I spent some time trying to understand it, but there's 200,000 people that live in what's called coffin homes. Coffin homes. Yeah. And you go underneath the ground and you see these people and you see a house like a room like this would be split into maybe 10 homes. And the entire home is you climb up these coffin homes and you just see these native
Starting point is 02:27:55 Cantonese people that they never got on the right side of the property ladder. So they ended up in a coffin home and there's something called Ghost Island and you can get the ship to Ghost Island. Dave, can you hit the one on the far left? Yeah. Whoa. That's their house. So yeah.
Starting point is 02:28:14 And Ghost, I'm sorry. There's one called Ghost Island. Island called Ghost Island where the locals were just pushed out to these islands and like the mainland is, uh, and you know, you see how they live. There's coffin homes out there. Nothing but coughing. They literally like their back, they're just in. They can't even stretch their legs in their home.
Starting point is 02:28:32 And this is one of the richest countries in the world. Now, I then spent some time in Singapore. And Singapore is a really interesting case study. So when it came out of decolonization, it made a very important decision that they would figure out how the locals, before it grew into a global financial center and a global trading hub. they wanted everyone in the country to own their own land and own their own real estate. And so they created like these for the Singapore locals, like these incredibly, you know, terms that allowed them to get all the land and all the real estate
Starting point is 02:29:15 and share it across the whole country. And there was lots of reforms that were done. Then the country grew and the entire country, Singapore is like very authoritarian. Like it's a pretty vicious government. But the entire country, feels like a shareholder in the country because they own their land, they own their real estate. And so they tolerate, you know, some of this authoritarianism because there's like a social
Starting point is 02:29:41 contract where they're all trying to increase the value of their land and real estate. And they feel like they're a part owner. And so there's like they tolerate a bit of, you know, because that ownership type of thing. And Singapore, you know, and look at the, you know, the per capita wealth that was generated as a result of that. There's no coffin homes. And, you know, the difference is was just the ability for the population to own and feel like a shareholder in its own country. What'd you find, Dief? So Singapore ranked six globally and average annual personal wealth per adult at $527,000, US dollars, and stands at the top of global rankings for GDP per capita at over $156,000. The average wealth per adult,
Starting point is 02:30:30 like we said is that the median wealth is around 96,434, which ranks 20th globally. The gap between average and medium wealth shows the top earners and high net worth individuals raise the overall average. Yeah. And that brought up all the locals with them. Those were the colonized poor class, you know, that were brought up with them. Obviously, some get left behind. Yeah.
Starting point is 02:30:53 That's interesting. Now we would be told, yeah, screwed out. That's socialism. but it's an ultra-capitalist country you know and that's what I'm saying that this whole extreme of capitalism communism socialism it's just how you treat your people what resources you have and you know the cohesion you can create between your community at the country level yeah now when you left let's go all the way back to the beginning so that where we left off way earlier so that we get to you going to war with the IMF.
Starting point is 02:31:29 When you left in 06, it was, you mentioned it was because you read that book, The Grip on Power. Is that what it was called? Grip of Death. The grip of death. Yeah, that's, that's even harder. So you read the grip of death and you're like, oh, I kind of am starting to get it now. And I'm a part of this game.
Starting point is 02:31:44 So let me get the fuck out. Was it kind of like that? Yeah. So I met my wife at that time. And she was working at Barclays Bank. I was working at an investment bank in corporate finance at the time. I could see where I was going. I could see what it required in order to grow.
Starting point is 02:32:02 You have to be, you know, you have to be compromised. I could see that that's how the game's played. I can see, you know, and so, yeah, we decided that we would leave. We both quit our jobs. We both threw in the towel. Did your wife have a similar experience or experiences or observations maybe of compromises? She was in, I think you call it commercial banking, right?
Starting point is 02:32:27 We call it retail banking. But she was in commercial banking. I was in investment banking. Different type of game. My wife said she was born in Bangladesh, but she moved when she was two years old to the UK because her father won a lottery ticket. And it wasn't a lottery ticket for money. It's a lottery ticket to come to the country.
Starting point is 02:32:49 Wow. So they were just bringing in like people to, you know, immigrants and stuff like that. And that's how she ended up. But a lot of her, you know, her background and the different things that she's experienced with microfinance and all these different things in Bangladesh. It was really us together, like discovering these different things. And once we left, first thing we started to do is we set up a company that was helping students work in banking and change the system from within. And so we were teaching them about how banking worked and then helping them get jobs in banks. And then we set up a not-for-profit, which was trying to implement banking reform.
Starting point is 02:33:35 This is when we started to really learn how corrupt the system is. And this is right before the financial crisis too. Yeah. Wow. Couldn't get 10 people to show up. After the financial crisis, we'd have 500 people in the room, like, interested in understanding. So, wow. Yeah.
Starting point is 02:33:54 And, you know, then we decided to do with that is we realize how corrupt the reform gamers. So the reform, all these charities, NGOs, you then need financing. And then financing dictates the policy. And then you repackage a corporate agenda into some kind of reform. And then you package it up as if it's some kind of, you know, different agenda. You know, this is how all these different things, whether it's climate change or whatever, this is how it all works. you know, through the system. But the same people that were writing all of the reforms for the banks after the financial crisis, the VICS report is called, are the same bankers that benefited
Starting point is 02:34:35 from the system. Yep. Look at Obama's first cabinet. It was like the fucking city bank cabinet. Yeah. The whole thing. Yeah. So we decided to create a bank. That was our next idea. Oh, you made a bank. Yeah. So we formed a company called Bank to the future. and the idea was to create a bank, a non-fractional reserve bank. And so we wanted to apply for a license. And we said, we don't want to create money every time we issue a loan. We don't want to spend people. We want people to be able to dictate the flow of their funds so they know what their money is going towards.
Starting point is 02:35:12 And we want them to have legal title to their money. And so the Bank of England, like we needed to apply for a license. and they said three things. The first thing, they looked at my wife and I'll never forget this. They said, you're not the type of person we normally regulate. That's interesting. I'm like, okay. At least I said it out loud.
Starting point is 02:35:35 Yeah, at least he said it out loud. Yeah, fuck. Then they said, okay, to continue with the application, you need to have a bank account at the Bank of England. And I was like, cool, can we get a bank account with the Bank of England? and they said, yeah, to apply, you need to put, your initial deposit needs to be 60 million pounds. And I was like, cool. Okay. All right. And then they said, but can I have an account where all of our customers effectively have a segregated account at the Bank of England? And we don't have the ability to leverage up and re-hypothecate and create fractional reserves. First they said no.
Starting point is 02:36:19 Then they said, you're going to have to hire an executive that's already created a bank or been involved in a bank. So we were like, okay. So we found somebody that created a bank that came from America over to the UK called Metro Bank. A Metro Bank, this lady called Fiona Brunzel, she was the first person to get a license for a bank with the Bank of England in 100 years. And we recruited her. And we said, join our team. We'll create a bank. So we solved that problem.
Starting point is 02:36:51 So they were like, well, we'll raise the 60 million if you give us the account. We've got someone that's got banking experience. And then they said, right, the only other part is you can have full reserves, but you can't have an account with the Bank of England. You have to have an account with Barclays. I was like, huh? So they were like, you need to build your bank on top of Barclays. And there's only four banks that are allowed to have accounts with the Bank of England.
Starting point is 02:37:19 You'd have to build yours on top of Barclays. So we'll have full reserves, but Barclays will lever up our client's money, and they'll have fractional reserves. That defeats the whole purpose. So you couldn't get, it's not possible. Because the biggest threat to full reserve banking is fractional reserve banking. So then we said, right, it can't be done in the UK. So then the Bank of England basically rejected us.
Starting point is 02:37:45 We couldn't get the license unless we built on top of Barclays. Couldn't get the account. So we said, where can we go? So we went to one of the Channel Islands and we incorporated the company over there. And actually, let's get the timing right. That was around about 2013, 2014 when we moved there. It was just taking a while. Yeah.
Starting point is 02:38:09 Prior to that, when this was rejected, 2011, at the banking, reform event. This is when I first discovered Bitcoin when it was about $3. One of the, some of the developers that were working on the original code of Bitcoin, they invited us to a squat in Old Street to show us a system where maybe we could build the bank on top of Bitcoin at the time. I didn't really, I was writing my book at the time. And yeah, this is when, and he invited us to speak at the first Bitcoin conference in the world and we still got the recording of it. And they showed us, like, we bought like, you know, we spent one Bitcoin for a Mars bar.
Starting point is 02:38:52 That's about, you know, at its peak, $125,000. But we bought a bunch of Bitcoin. We, you know, spent one of them because they hacked together, like this vending machine, where you could spend your Bitcoin and then it would open the vending machine. Yikes. Yeah. And, I mean, I can only call this conference. It was hosted in it.
Starting point is 02:39:11 You could only really call it a crack then, like, in terms of it. It was in Prague. And we thought, okay, well, this is how this is the technology to build the bank on. And so then we were like, once we said like we're going to start doing it with Bitcoin, we needed to find another country. So we managed to persuade the Isleman government. The Isle Man. The Isle Man. That sounds familiar. Where's that? In the Irish Sea. It's a population of 85,000 people. You went to work with the Irish.
Starting point is 02:39:45 It was, they're not really Irish. They're Manx. They'd be offended by that. They got their own language. Manx Gaelic is their own language. 200 people speak it. All right, shout out Manx. They got their own Manx pound as well. They celebrate St. Patrick's Day? Yeah, you can, I think there's a bank. They do. They do. It's about like a 30 minute flight to Ireland. Yeah, 84,000 people, not a part of the UK, but possession of the British crown with its own. Sorry, can you hit show Morty with its own parliament and laws, home to Tinwald, which is wildly considered the oldest continuous parliament in the world dating back to 979 AD. They got their own Manx pound that's interchangeable with British pounds on the island. And no national debt.
Starting point is 02:40:35 The government has to balance it. All sort of good at debt. Good for them. They have to. They're not allowed to borrow it, so they figure it out. Good for them. It looks nice. Yeah.
Starting point is 02:40:45 So this is where you figure out where you can do this. So then we said, we want to apply for a bank, give us a banking license, and we want to build it on Bitcoin. And there's this new technology. The IMF didn't like that too much. So immediately, the government said yes. If you look at 2014, they were the first government in the world to create Bitcoin as something you could pay taxes in.
Starting point is 02:41:10 They brought all the Bitcoin companies. They started doing a conference. And the government said, yeah, we'll support Bitcoin. And we'll allow you to do this. Then what happened, though? Then the Bank of England contacted the government and said, if you support Bitcoin, we're going to remove clearing to your island. There you go.
Starting point is 02:41:32 So they had their own independent parliament for 1,000 years. They could do what they want there. They had a crown dependency with no crown anymore. So the queen could come over and say, all right. but the Bank of England controlled the game. And then they said, and you're not allowed, and they said in the UK we had to leave, and they said you're not allowed the word bank in your name
Starting point is 02:41:53 until you've got a banking license. So that's why we actually changed the company to BNK to the future at that time. So we had to change the name. And that was the IMF. The IMF were the one that states, which countries are allowed to have banks in their name. Did you ever get into a room where you were meeting with representatives of the IMF?
Starting point is 02:42:17 So our first experience was the Island Man government. And because we had a relationship with the government, they told us a lot of stuff with the IMF and Bank of England. Our second experience with the IMF is when I went to meet President McKellie in El Salvador. Oh, when was that? That was 2021. Now, he's like the dictator, but he's like the coolish dictator. Yeah, so he brands himself as the coolest dictator. And yeah, so he made Bitcoin legal tender in the country.
Starting point is 02:42:51 He did what the Isleman tried to do, but this time the Bank of England didn't do anything. But we launched in 2014 a Bitcoin-Bat bond, and it was hosted in Ireland. We were one of the largest miners in the world in Iceland, mining Bitcoin. You were mining Bitcoin in Iceland? Yeah, we were mine. So in 2014, we had the largest mining field. And you could use geothermal energy and geothermal cooling. And it was powered by a volcano energy.
Starting point is 02:43:21 Who to hell are you? Where'd you come from? Well, I was trying to ask. Who did you send here? But yeah, that was 2014. And later when El Salvador in 2021, they made Bitcoin, they made Bitcoin legal tender. We met Bakele and we were saying what we did with a bond, you know, back in Iceland. Now, Iceland was the only country after the global financial crisis that arrested the
Starting point is 02:43:54 banksters and put them in prison, the only country in the world. Right, right. Yeah. Good for them. Shout out Iceland. Yeah. Yeah. It was amazing. And yeah, and then when I went to meet Bikali, they were trying to restructure their debt. Bitcoin was legal tender and they made a commitment to buy one Bitcoin a day. And now they got about 7,000 Bitcoin, I think. But they were going to launch a Bitcoin bond. And we were going to raise a billion dollars at a sovereign level for a country backed by Bitcoin mining, power by volcanoes, which is what we did in 2014. we left El Salvador after in a meeting, people came over to our table and they played a recording of our meeting. And I couldn't prove it, but I believe it was the IMF at that stage.
Starting point is 02:44:55 And then at that time... We'll back up. I'm sorry. I'm a little lost. You had a meeting in El Salvador. Yeah. Someone came up to your table and played a recording of the meeting. So are you saying the implication was it was someone a hit, an economic hitman, if you will, a black man from the IMF saying, we just recorded you, motherfucker, we're following you?
Starting point is 02:45:12 Yes. That's what we believe happened. Whether it's true or not, another thing, but the meeting happened and the recording happened. And then that's when you had the Senate and the Congress. They did an investigation and called El Salvador a national security. risk and they launched an investigation into El Salvador. Then there was the whole like prison sector that Trump negotiated with Bekele. Yeah, it's not a good look. Yeah.
Starting point is 02:45:43 It's not a good look at all. Yeah. But then the IMF basically said, if you want our loan, you've got to remove the Bitcoin strategy. Wow. And the IMF rolled over the debt. Bekele kept some of the Bitcoin strategy, but we could never love. to the Bitcoin bond. And the Bitcoin bond would have been a way of a country raising their own money without the Belt and Road initiative, without the IMF. And that was unacceptable to the IMF.
Starting point is 02:46:14 That's insane. Yeah. Yeah. That's fucking insane, man. I mean, but well, actually, let me back up for a second. It's not insane at all when you think about how these places do work, but it's insane that it is that fucking blatant. And in the year 2026 where you can sit down in an apartment in fucking Jersey and tell this story, they're still going to be able to do stuff like that and still do stuff like that at this very moment with complete impunity. Yeah. Yeah. So, you know, at that point, we kind of, Bitcoin gave us all the sovereignty we needed.
Starting point is 02:46:52 You can't create a bank. It's not possible. Like this system can't be broken. We tried to create the bank. The only thing we could do was figure out how to exist outside the system. And kind of, you know, that's where, you know, and that's where I kind of land on right now, which is, you know, we were involved in that whole movement of decentralized money being created. You're buying Bitcoin in 2011? There's a video of me speaking at the first Bitcoin conference in Prague.
Starting point is 02:47:30 And from 2011, I gave the same advice that I gave everyone on this show. I said, spend less than you earn, invest a difference and own sovereign assets that exist outside the system. So you were buying Bitcoin? Every month. We were telling people to buy Bitcoin. What's you worth? Like two, three, four? What are we talking here? What are we dealing with? I've never disclosed my net worth. It's dangerous in this game. I think it's like eight, but okay. But I mean, you know, we ended up, interestingly, we ended up pivoting the business because we couldn't get the banking license. And that's where I, this is where, do you remember what we said earlier? Like, the worst decisions are the best decisions?
Starting point is 02:48:16 The worst decisions are the best decisions. Yeah, so sometimes it looks like the worst thing that can ever happen to you. And then later you look at that as a defining moment. What did we do? Well, we actually ended up pivoting the business into raising finance for companies. And we created the whole equity crowdfunding thing where people could raise finance by selling shares. That changed lots of laws in the UK and securities laws. We were trying to skirt around. We raised all our money without venture capital.
Starting point is 02:48:43 Some of our portfolio companies, and then we ended up investing in companies, coinbase, Cracken, BitStamp, BitFinnx, not FTX, did you? Not FTX, avoided FTX. Got Celsius. That was a massage sci-op. Yeah, don't even start me on that one. That took two years of my life, like, unpacking that one.
Starting point is 02:49:06 Yeah. That was an experience. And that was all like, yeah, the Celsius side. You can invest in a company and then realize, like, the whole thing was IDF soldier. Israel connections. One of the hacks in that company actually that lost, basically they lost billions of billions of dollars of client money.
Starting point is 02:49:29 His company, Celsius, an absolute fraud. Pump was involved in, he invested in BlockFi. It was like there was Blockfire. Yeah, Blackfey and Fios. Then there were Celsius. Those are our two losers, our dogs, as it were. But one of the hacks that happened was a company called Bank or Dow. And Bank or Dow was like one of these deeps,
Starting point is 02:49:48 decentralized autonomous organizations, Bankor. Remember John Maynard Keynes, the global currency, Bankor, Dow. And the shareholders were the niece and nephew of Benjamin Netanyahi.
Starting point is 02:49:59 Oh, that's awesome. Yeah. I'm sure they were totally on the up and up. Nice people. And then the business partner is now created, he didn't go to prison.
Starting point is 02:50:10 The main guy, Alex Mishinsky, went to prison. He was ex-IDF. I think he was around. But his business partner didn't go to prison. now in Israel working on AI startups with their number one customer being the Prime Minister's Office of Israel. And his wife was the head of lending at Celsius. And she is effectively the head of
Starting point is 02:50:34 social media and propaganda for the IDF at the time. I think she is probably now. And it was her and her connections that, do you remember when they tried to dismantle Unra? So Unra is the nations group that has the right to return to the Palestinians. Yes. And then they said UNRWA is involved in October the 7th. They tried to dismantle it. And then when you dismantle it, that led to the starvation campaign because they couldn't get any of the distribution of the food or everything.
Starting point is 02:51:06 Yeah, it was her article that pushed out the story. Lovely. InRWA was October the 7th. So pretty crazy. When you unpack stuff like that, that also directly affects. you because you're involved, like, with your money and stuff like that. And then you see not only a lack of justice, but people only grow in power. Yeah.
Starting point is 02:51:27 Do you just, is it hard not to get down? Like, the game's just rigged and there's nothing you can fucking do about it? Well, I always liken, like, where did all these islands that we talk about, like the island man? They were created by the British Empire because once the system was at the asset stripping phase, they all just escape into these. havens and various other things. I believe that there are exits from the system. And I've got a few choices here, right? I've continued getting deeper and deeper into the system.
Starting point is 02:52:05 We ended up deciding not to trade and not to take on any more customers because we could see where the business was taking us as you get, as the business was growing and growing and growing, all of our companies were going public and integrating into the FIC and then you've got to do all the different laws, KYC, AML, surveillance, source of funds, also where you're collecting more and more data on your customers and you one day realize we are the system. You know, you didn't, I didn't, you didn't intend to. I didn't I we wanted to defeat the system and we ended up the system. That's right. And so there's a decision to make. Am I going to continue on this path or are we going to stop? And so we decided to stop.
Starting point is 02:52:46 Good for you. A lot of people don't. But I agree with you. I think unfortunately that is, it is set up to make sure that that happens. People can go in with the best intentions, keep those intentions. And through all the red tape they got to go through, eventually they realize they're in a whole different building. And it happens slowly. It's one step at a time. It's like what I learned in banking, you know, firstly you've got to meet the brokers, then you've got to go to the party, then you've got to meet the girl, then you've got to do something a bit more And I imagine if I hadn't stopped, eventually you're presented with a 14-year-old girl, I should imagine. You know what I mean?
Starting point is 02:53:24 This is the Epstein networks. The higher you go, the more connected you are. I wish I were surprised, but that's, that wouldn't be that surprising. Well, I don't know whether that's happened, but I, you know, I could see that's the path. That's the trajectory, right? You know, and if you don't partake, they can still say you partake. Right. and they can still manufacture whatever they need to take you down.
Starting point is 02:53:47 That's why what I've been saying about the Epstein thing as well, like one thing that Epstein and Maxwell in their network, but let's just focus on those two for a second because they're the recognized faces. One thing that they were unfortunately really aware of and effective at and good at is they knew they just needed the photo up. Yeah. All they had to do was go, show up to these dinner parties,
Starting point is 02:54:09 show up to these cocktail hours, show up to these gala events, show up to these political fundraisers, whatever it is, you know, wherever they all go and fuck each other in some secret room afterwards. Show up there and just, you know, there's always dudes with pictures there. Just hop in a picture with someone. I've pulled it up 40 million times on the podcast, but the famous picture of like Elon Musk clearly walking away from the camera, but Galen Maxwell strikes in right behind him and poses like this. He's going to be asked about that now for the rest of his life.
Starting point is 02:54:37 Maybe he's one of them or whatever. Maybe he's not. Maybe it's something totally innocent. But it's in everyone's head that they're like, oh, he was. in the same room with her who's doing something like what do you know or what could have happened there and like that's what these people do i i was talking with brett weinstein the other day as we just did a podcast recently together we were talking on the phone and i was like you know i've done i'm coming up on like 500 episodes people see all the people who come on as one thing and then
Starting point is 02:55:08 you meet all kinds of people behind the scenes i'm like brett i have no idea some of the people that just like I shook their hand once because someone said, oh, Julian, here's so-and-so. And then later, you might find out 20 years from now like it's a horrible person or something. And people will ask me about it. I'll be like, I don't know, I shook his fucking hand once. You know, Brett obviously has had that to an exponential degree because he's been around a lot longer than me. And it's like, unfortunately, they just know how to get around people so that if they ever needed to pull the lever and, you know, be able to say, remember that one time, they can do it with no evidence of
Starting point is 02:55:44 anything and just say, well, I guess you're dirty too. And it's really, that's so dark to think about. But unfortunately, that feels like how it is. And it's where the, again, the individual responsibility comes in, right? So I share a bunch of stuff. And at some point, right? You have to, here's the one thing that I've learned. Most times, the nuance in even my personal stories, Like most people could create a whole conspiracy theory over a lot of these things, right? But the nuance in the personal story is actually sometimes there's a whole lot more, right, than the basic story. And one of the things we have to, I think, as a society, try it. And I don't know how to solve this by any way, shape or form.
Starting point is 02:56:32 But, you know, exaggerating these connections and stories and things like that, we can really, we can ruin somebody's life. Yes. And there's probably way more to this. You know, I often talk about, like, we all had an opinion about Michael Jackson, right? And everyone kind of would have their own opinion about it. But whatever your opinion, eventually you kind of land upon understanding the world as we all understand it today, right?
Starting point is 02:57:04 And then you look back at that and say, right, okay, he was going to create a song on Palestine. And, you know, and Rabbi Shmooley seemed to always be around him for some reason. And, you know, you ask these questions and you look back and say, right, with my understanding of today, how would I reanalyze that? You know, because we know that how to destroy someone's career is make them out to be a paedophile. And people have the capacity to do that, whether it's true or not. That's right. The other, the other tough area there, too, is you also have to look at. at things where multiple things can be true at the same time too you know sometimes people are
Starting point is 02:57:44 and then they're useful to other people who are also really bad for other reasons and it's like you know separating the wheat from the shaft if that's how they say it you know it's it's it's it's hard that's a really hard one um actually i think that's if people can get their head around that two or three things can be true at once if they can get that like the t i think the team sport is one of the most brain damaging things that has ever happened. Like, there's going to be a moment where Israel says something that's true. Not many. You know, but at some point they're going to say something that's true.
Starting point is 02:58:22 Yep. And, you know, is it simultaneously true that Iran has been the victim of covert operations and colonization and all sorts of stuff? Yes. Is it true that Jews have had a very difficult history? Yes. Yes, that's true. Is it true that the IDF or actually the inception of, you know, terrorism? Yes. In terms of the original thing, yes. Is it true that a bunch of these people, you know, Iran could actually decide in order to negotiate out of sanctions that they're going to fund, they're going to fund and attach to their different causes and fund different groups and militia groups to give them leverage? Yes. You know, is it true that some government, you know, you think, okay, there's 40,000 people killed. Is that true?
Starting point is 02:59:14 Did Mossad do that? Did they do that? Is it true that you can become an authoritarian government when you know that MI6 and Mossad and CIA are trying to infiltrate your country all the time? All of that can be true at the same time. But what do they want you to do? They want you on the pro-Iran team as the, you know,
Starting point is 02:59:31 the against imperialism, or they want you on the Israel side that they're trying to kill the Jews, or they want you on Team Trump, MAGA, that... They don't want nuance. You're 100% right. Yeah. And the truth is very, very nuanced. Yes, it is.
Starting point is 02:59:46 And I can say for a fact, of all the stories that I hear people tell, of things that I genuinely know that I was a part of, even the inception of Bitcoin or whatever, is always miles off the things that I actually know to be true. Yes. And I just live in that world of where... just because it's like clear something's not 100% what we were told, which seems to almost never be the case, it does not then automatically need to mean that it's zero percent or minus
Starting point is 03:00:16 100% on the other side. You know what I mean? You have to judge every piece of evidence on an analytical, pragmatic basis, which is hard. I'm an emotional guy. So I got to like peel back that emotion from it and be like, okay, let's read through these sources. Let's figure out what this is. But like honestly, I think that's why my show works. I really do.
Starting point is 03:00:35 I grow slower because of it. It would be a lot easier if I just had a full extreme opinion on every fucking thing. Yeah. And, you know, you would make a lot of money doing that, but that's not the truth. And that's just one of those things like where I'm very romantic about how I make money. I got to do it in a way that, you know, A, I feel like I provide a value. B, I feel like I'm true to myself and what I think. And C, I say things that are based on what's in my heart rather than what, you know, the soup de jour of the moment.
Starting point is 03:01:04 is and that's you know that's something you always especially like in this kind of space i think you always got to be very self-aware of that but i don't even think it matters if you do what i do for a living or not if you're talking about these things where we all have a voice online you got to try to peel back and think of it that way which easier said than done yeah and when other than this is you know let's looking at this positively when other than today would that be possible you know you're right when other than today so you know for what you want for for what you value, for the person you want to be, it was probably never possible other than the current environment we're in right now.
Starting point is 03:01:41 Because we're, for whatever reason, we're allowed to speak right now when four or five years ago we would have been cancelled. Yeah. You know, and so this is it. We play the game with what it is. And philosophically, you know, my belief is that life is a test. I agree. And that our job is not to solve all the problems.
Starting point is 03:02:04 on earth, maybe all the problems are meant to be here for a reason because it's meant to define the character and how we react and the things we do. And so life always takes you down these paths, right? And you either go down a worse path or a better path. There's no perfectionism. I find perfection a real enemy as well. And kind of these extremes of team sports. Whenever I try and make a decision, I try and say have a longer term, which is what they don't want. They want you analyzing in the short term. And short-term decisions are always the worst decisions. Long-term decisions are always the best decisions. And every day you're saying, look, is this better or is this worse?
Starting point is 03:02:43 There's no perfect. Like, this is a really shit decision in this situation, but that's the better decision. Right. You know, and if I go down this path, am I going to become more subordinate to power or am I going to become more sovereign to power? And look, am I going to suddenly like boycott AI? and start like, come on, you know, to be productive and we have to use AI. We have to use that for the tool that it is.
Starting point is 03:03:08 Try to use it for good. Yeah. And all you can do is take the weapons that are fired at us and repurpose them. And in the end, what are we on this earth to do? Well, I believe, you know, we get, we're tests. We have a test. Yeah, I agree with you. I think life itself and the collective nature of the actions you take being more good
Starting point is 03:03:29 been bad is is the test and what it is what I do try to avoid is making every action of what I do a test itself because you know you think about that like a test is a pressure environment it's like oh I got to get these answers right or maybe my parents are going to get mad at me or whatever you want to be able to flow and and make decisions and sometimes do things that you look back on and go okay I learned from that because that wasn't the right decision you know so it's like a it's kind of yin and a yang with it but on the on the basis of like the symbolism of your full life I I I think that's fair to say and and i i like the way i like the way you look at things because on the one hand you will look at things that are maybe objectively very very bad that have been in place for a
Starting point is 03:04:13 very long time historically and it's not fun to talk about and it's not making things sound like we're ever going to be good but you're also then taking that and saying okay if that's the system and if there's parts of it we can't change how can we exist within it to make sure we have our own freedom moving forward. And if people can get something from that, then I think your message is very worth it. And I do think that no matter how small it is, no matter how big it is, no matter how influential you become, we do vote with our money. And even if you think that me taking the additional time to spend my money in a way where I think it gets to the right people, you'll get it wrong. The supply chains are impossible to figure out sometimes. But to me, it's
Starting point is 03:04:57 intention, is energetically, am I spending money in a way that's more in line with my values? Or am I taking the shortcut? And we all take shortcuts. We all do it, man. Like, you know, sometimes I just have to go to the big ass supermarket and buy it on Amazon. But as much as I can, I try and think, can I get that supply chain right? And my wife is awesome at this. She'll figure out, like, you know, the exact supply where it came from, how to buy it, you know, from the right place and make sure the money gets to the right people. Same with your investments. Same with where you save your money and your energy.
Starting point is 03:05:31 And so one thing we can all do and how you contribute as well, like your money is your vote. And if enough people do that, if enough people vote with their money, then the fick has no power. I'm not sure it's going to happen. I don't want to create a big picture,
Starting point is 03:05:48 but you and your individual world, you can try and cleanse yourself as much as you can. And give yourself a break because you are going to get it wrong. And everything I've achieved is from effing up so many things, so many times. You said towards the very beginning of this conversation that after your father went through the dot-com bubble and lost everything, you made it your mission to figure out why that happened and why the system was set up that way and what was wrong with it. And you told me it really took 25 years to do that. What about, you know, 25 years later, if that was like 2025, was the eureka moment finally where you're like, I've got it.
Starting point is 03:06:33 I'll close that story. I talked about Celsius. I can say these numbers. I never say numbers because I just don't like it. But when I was involved in the Celsius bankruptcy, all the numbers were public. I had $45 million of my personal money in that account that was seized. And the day that those accounts were closed, it was 650,000 victims of that. Some of them, we had people that committed suicide because they lost their pension, moved
Starting point is 03:07:03 countries. Like it was, you know, when you get to the people behind these things, like, it was pretty crazy. But the same day that that closed was the same day my father passed away. And there were so many pension victims. And my father lost all his pension in the dot-com boom and bust. And I spent about two years obsessively taking everything I'd learn, everything I could do, fighting in the court, reading 4,000 different documents. And that's a corrupt system, the bankruptcy process.
Starting point is 03:07:35 Oh, my God. That's insane. And one of those. But, you know, my father didn't live for me to be able to give him the answer. But before he passed away, I was able to. put him on a private jet over to an island. And I was able to tell him that the only reason this happened was because you asked me what happened to your money.
Starting point is 03:08:04 And I only found Bitcoin because I tried to create a bank. I only tried to create a bank because I tried to figure out what happened to his money. And it was a continuation for me. But what happened to him? Well, he held us, he did things illegitimately. he ended up with a bunch of cash. That cash meant that he couldn't put it in the bank. When he couldn't put it in the bank, it means it was inflated away.
Starting point is 03:08:28 You know, he ended up losing to a divorce, losing to a tax investigation. And the only thing he ended up with in the end was his house. And he always, to me, he never believed anything that happened. with Bitcoin and I told him about it through the whole journey, this crazy digital money thing. And he only believed it when it was physical and in his hand. And then, you know, it wasn't until like he saw a house on an island and he could understand that this had actually, you know, that this had actually understood. But, you know, in the end, he held his money in cash, which got inflated away.
Starting point is 03:09:14 He put his money in the stock market without knowing what he's doing. And he didn't know the rules. And that those early decisions of illegitimate money created a lifetime of knock on effects. Cycle. A cycle. And, uh, but if he hadn't lost his money, I don't think I'd be here on this podcast telling you what happened. Funny how life works. Yeah.
Starting point is 03:09:39 Right. Yeah. It's kind of cool. You could show him that before he passed. Yeah. And then when he passed, I was able to help a bunch of pensioners get back as much money as possible and that's what life is, I guess. Good for you, man. Well, we could talk for a lot longer. I'd love to get you back in here when you're back in America. This has been a really,
Starting point is 03:09:57 really impressive education today. Simon, I really appreciate it, man. All right. Thank you for having me. All right. Everyone else, go check out. We're going to put your X down there. You're a great follow on there. Any other links you want. We'll stick down there as well so you can go follow online. But that said, you know what it is. Give it a thought. Get back to me. Peace. Hey guys, if you're not following me on Spotify, please hit that follow button and leave a five-star review. They're both a huge huge help. Thank you.

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