TFTC: A Bitcoin Podcast - #338: Powering the future with Daniel Turner

Episode Date: June 14, 2022

Join Marty as he sits down with Daniel Turner from Power the Future to discuss the state of energy policy in America and how we can move forward. Follow Daniel on Twitter Read more from Power the Future Shoutout to our sponsors: Unchained Capital Braiins HodlHodl CrowdHealth Upstream Data

What is up, freaks? It's your boy Marty here to introduce this RIP 338 of TFTC. I sat down with Daniel Turner, co-founder of Power of the Future, to talk about energy policy in the United States and the communist tendencies of the green movement and the narrative battle that we find ourselves in. at this particular point in time it's an important one we really need to get over the climate hysteria and the green transition hysteria lives depend on it

I think Daniel highlights some very key points and inconsistencies of the narrative that's being put out there stated end goals and actual results that don't seem to compute. This was brought to you by our good friends

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We're talking about energy. Upstream data is helping monetize energy. Think about it. You've had a dynamic where money's become freer than free. When you talk about a Fed just gone nuts, all the central banks going nuts. So it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

I mean, that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be. what is up freaks welcome back to tftc starting our monday off hot here sitting down with daniel turner from power of the future daniel how you doing oh i'm great thanks for having me on and it's not hot here in rural virginia because it's luckily it's raining today so it's very nice my feels need a little break well we're down here in austin texas where it feels like it's been 105 degrees for the last month straight. Well, good. It will be your first good

test of the power grid in about 14 months. I know we're going to talk energy, so let's just jump into it. Yeah, I mean, the grid down here in Texas is big and it's weird to me because you have this free

and open market with ERCOT and the energy capital of the United States, arguably, with all the oil and gas that we have down here uh and yet like you mentioned we had a a blackout february 2021 and it seems that that's the reason why i reached out to you you run power the future which is an organization attempting to bring better conversation around energy policy in the united And you wrote an article that highlighted a chart from NERC that basically had a map of the United States with two-thirds of the United States, particularly the Western two-thirds of the United States, at elevated or severe risk of rolling blackouts this summer. And sitting here in Texas, what's supposed to be the energy capital of the United States, and having elevated risk of blackouts this summer, has me a bit uneasy, if you will.

How did that NERC map come to be with all this unreliable grid systems? I know. It's remarkable, right? I mean, it's remarkable to see policymakers make such cataclysmically bad decisions, and they make them over and over again, year after year. And, you know, I started the organization because of the folks in rural America, because they're the ones who produce our energy, right? They're the ones who get their hands dirty. And I like to think I get my hands dirty. Right. I run a farm here in Virginia and, you know, I'm up and I'm covered in manure. And so I but but but I don't do it for a living. Right. I mean, it's supplemental income and it's a great way to stay healthy. And I love it, but it is not my living. But there are men and women, 18 million of them who really get their hands dirty for a living and they work in oil and gas and coal and pipeline fitting and and fracking and trucking. And and they power our entire economy. And they also do a lot of things. They grow our they're the real farmers. Right. They grow our food and they raise our cattle and manufacture a lot of our goods and they fight our wars. Right. Rural America is where where our heart and soul is found. And yet, it's the brain trust in Washington, D.C., and San Francisco, and New York, the people whose hands are never dirty, they're the ones that make the policies, right?

And they're the ones that are lobbied with hundreds of millions of dollars on an annual basis to push an agenda or to believe this or to think that or invited to these conferences. Look at John Kerry. Every time he opens his yapper, he's in some other country sitting down at haughty tables and big wingback chairs. And they have their notes in there. I think these people haven't gotten their hands dirty in 40, 50, 60 years. And they're the ones that make policy decisions. And so how did we end up here? We ended up here because the men and women whose hands are dirty, who know the way things work, are never given a seat at the table. It's the idiots in DC and New York and San Francisco who think they know better. And what's the consequence of that? Well, food shortages and trucker shortages and inflation. But when it

comes to energy, the result of that is, oh, yeah, blackouts, they're on their way. Get ready, everyone. Blackouts are coming. And you have to scratch your head and have these conversations, Marty, which I'm glad I'm truly I'm glad you invited me to have these conversations and take a step back and say what the heck is going on right how did we end up here as america as texas how did we end up here yeah it's something that perplexed me so i don't know if you know the full history of this podcast but this is a bitcoin podcast and uh we talk a lot about energy here because of the bitcoin mining energy or excuse me industry which is very energy intensive i myself have have mining uh operations and um work professionally in that space as well

and it's just over the last four or five years particularly the the bitcoin mining industry has been getting picked on for for using too much energy and that so that sent me personally down a rabbit hole i was like all right when is this really bad like why are people uh pinpointing out bitcoin and its energy use and picking on us for for just using electricity and so for the last three or four years i've been down this rabbit hole of really trying to understand why energy is important how it's produced and what it does for humanity and there's something weird that's really entered the the psyche of the greater american public where they believe many people believe idiotically that energy is bad and that humans are bad for using energy and this

this mimetic force that has been thrust on us probably for the last two decades starting with al gore and the great climate change debate has really just made people completely illiterate when it comes to energy how it's produced how it's delivered why it's important yeah and and you raise a great point which you know if we were going to start from the very beginning would probably be the conclusion. But let's start at the conclusion, if necessary, and work backwards. You raise a great point when you say, why are they attacking Bitcoin? Why are we the bad guys? And the reason why is, as you and your audience know, you're decentralized. You are unauthoritarian. It's a freedom agenda. I'm not a Bitcoin expert by any means, but that's why, because they don't

like what Bitcoin stands for. And so your energy is the bad energy. And it raises this question. So do some people get to decide who has energy and who doesn't, right? Do some people get to decide who the winners and losers are in society? Whenever you have this command economy, right, the slippery slope towards just flat out communism, heck, we see that with Biden's executive order to produce solar panels, right? I mean, he's using the Defense Production Act as if we're in a war because according to him, we are in a war, a war against climate change. is the greatest existential threat mankind's facing, ask his generals, right? You want to say what general told you that Biden and are they not paying attention to China? But anyway, that is the war, the climate change war. And, and so he's get to use the Defense Production Act. And so we have

a command economy. So you could use energy for that, because that's good energy, right? You can use energy for mining, for lithium and cobalt for electric vehicles, because that's good energy, right? Because we like the byproduct. We like the agenda behind the byproduct, right? But Bitcoin, bad energy, right? And other types of energy will be bad. You know, I gave a conference over the weekend in Kansas talking about energy. It's what I do for a living. And I told this group of legislators, watch this summer when the grids start to falter and the utility companies have to selectively turn off sectors to protect the overall integrity, right? If you know the slightest thing about electricity or electric grids, you know it doesn't turn on and off, right? And especially

it doesn't turn on. It doesn't turn on easily. So what they will do is they will shut off sectors of the grid to protect its overall integrity so the whole thing doesn't falter. And watch what neighborhoods they shut off, right? If you look at past examples, California being the best one, the most salient one, New Mexico is soon to follow. New York last year, I'm originally from New York City. You may detect the accent a little bit. New York last summer and the height of its heat wave, what neighborhoods do they turn off? Brownsville in the Bronx, Greenpoint, I'm sorry, in Brooklyn, Greenpoint in Brooklyn, East New York in Brooklyn, poor, black, powerless, voiceless. They're the ones that get turned off, right? So I told these legislators, watch your electric grids

cross the country. And when the operators say, holy crap, the grid's going down, we got to turn off neighborhoods. Watch what neighborhoods get turned off. They're never going to be white. They're never going to be rich. They're never going to be powerful. They're never going to be influential. Malibu is fine. Hollywood Hills is fine. Silicon Valley is fine. But little powerless, voiceless sectors of the Central Valley of California, they're screwed. And that's what the future of electricity and power is in America, because we start choosing winners and losers based upon political ideology. yeah and i actually before i moved to austin texas i was living in brooklyn williamsburg for about six years and uh right as i was leaving they shut down the indian point nuclear power plant on the hudson and uh it's so weird the framing from that side of the energy debate the people who want us to use less energy the anti-human communist zealots uh they frame it

as we need to save humanity we need to save humans and the planets uh and and uh we need to enact these policies particularly anti-fossil fuel policies because fossil fuels are polluting and hurting the poor the most however they'll say that but when they implement their policy particularly in new york when they shut down indian point power plant the the results of that policy are higher electricity costs for poor which is uh one of their most vital uh month-to-month expenses and then as you just mentioned the increased probability or possibility of their electricity being shut off yeah you look at the countries that have gone greener faster than america it's not like we don't have a roadmap, right? I mean, we can look at other countries around the world

and say, look what they've done and look what's worked, right? The Green Movement is a communist movement. Let's just make no bones about it. It's truly deeply rooted in Marxism. So all of this nonsense of for the planet or for the good, that's all just a lie. That is the cover. But the communists, all they need to do is look at history and say, where has it worked, right but nope we're going to try it because this time right ask the true believer this time it will be the right communism and we'll make it succeed you know hugo chavez was convinced of that um and and and now look at the state of venezuela um but you look at the green movement you say where has it worked right germany's 25 years ahead of america in going green they pay five or six times

what we pay for electricity per household. They pay three or four times what we pay for gas to fill up their car. They emit more per capita than they did 20 years ago. And now they're cowering before Russia because they are desperate for power. They're buying nuclear from France at a premium. So kudos to the French. You know, if we ever wanted to talk about nuclear and people Like nuclear is scary. Dude, if the French can go nuclear, then the Americans can go nuclear, right? But that's aside. But look at Germany. And we say, well, why do we want to follow Germany's footprints? Why do we want to follow this model? Well, no, no, no. Germany didn't do it right. We will implement the green agenda the right way. Great. Yeah, because Germans are always known for their inefficiency, right? So I just don't know where they think it's going to succeed. And then let's centralize that to America. Look at the states that have gone greener faster. California prides itself. And it's a bipartisan pride, right? I mean, Schwarzenegger was as green as Gavin Newsom is. Look at California. Look at what they pay for electricity. Look at the state of their electric grid. You know, they're so proud of our we're going green. Well, you're buying coal from Oregon and Nevada. You're just paying those states more money to keep your state electric grid afloat. Right. You're turning off poor neighborhoods. You have brownouts and blackouts in the middle of Dodgers games because you can't you don't have enough power to run the city at nighttime during the summer. So why do we want to follow California's model? And you want to talk about bipartisan stupidity. This is going to get me in trouble, but you have to say it. Your state where you live now, the great state of Texas, it was Republican governors who bought into the by X year, we got to go 25% renewable because somehow in my head, I have been convinced by the Greens that fossil fuels are bad.

just a little bit, right? Like just a little bit to say, you know what, we probably should go green by 2025 or 2030. And why? Why? Well, you know, it's good for, I will never buy any of those premises. This whole lie of renewables are clean, net zero by 2030, carbon neutral. Those are all made up lies of the left and the right embraces that language. And then we try to play these games on their terms and whenever you play the game with someone else's rules you're always going to lose and that's and and texas is losing quite frankly i hate to say it texas is losing and they're going to lose and you know who's going to lose the most the 246 people who died last year in those storms because they died of the elements because their government failed

them and they are nameless i don't know one of their names and i do this for a living and i don't know one of their names, but I bet you their family knows their names, and no one built them a statue, and no one looted Macy's and burnt down the police station as a result. No one rioted. Just 246 people, we say, oh, wow, that's tragic. That old lady froze to death in her home because we bought into the belief that fossil fuels are bad. Ah, no, it's in a lifetime storm, and if we go green faster, Marty, we'll prevent it. You can see why I don't shut up about these things because the more you dive into them just the angrier but the more committed you have to get committed to defeat them yes no i these policies are dangerous number one they're

putting lives at risk and then number two i really love that you said do not accept their frame do not play that by their rules we need to begin shifting the framing of this conversation and taking control of the frame because when you try to work within the framework that these zealots give you you're going to lose and so that's like in the bitcoin mining industry that's one thing i've been pushing back on for the last two years is you have a lot of people here in the united states bitcoin mining industry who are just bending over backwards to appease the the green movement saying hey look how many renewable um energy how much renewable energy we use in the mine look at what we're incentivizing look at this demand response program like like you said

the beginning of the episode like nothing that you say you can use 100 solar power to mine bitcoin and they'll just come at you and say well that should be used for something else eventually like nothing will ever be good enough for these people and then with texas particularly too like like you mentioned so these green transition policies started like rick perry and then george bush was pushing it behind the scenes as well so yeah it is a bipartisan issue and i think with wind and solar particularly here in texas it's like rick perry and george bush just trying a grift off of credits that they could get and and like i don't even think they care about the green meme i think they care about the the grift around um like renewable credits and the subsidies

and it gets them off it gets the the renewables crowd off their back and that's what if you're running for office ultimately you know you have to try to appease people on the other side to just get rid of that constituency so it's easy as a fossil fuel loving texan to say well let's just throw them an olive branch right let's just let's just give them and and that is you know that's a great radio host in your state who's who's also a friend of mine jesse kelly and and he always talks about the communist and what the communist does and the communist says and one of the things i was literally texting with him over the weekend about this the communist will well he says said something like, if they win a hundred wars and conquer 99 islands in those hundred, all they

will think about is the one they didn't conquer. And that's the way the communists work. And that's the way the green movement works, right? They are never going to be appeased to say, well, you know what, Marty, we worked with him and now 100% of his Bitcoin mining is solar. That's not good enough, you know, until he is gone or until we, they are never appeased. And so a lot of, you know, Republican governors and mayors and elected leaders will make these olive branches thinking, well, if we just work with them a little bit, you know, maybe then we can. And heck, if you want to just talk flat out politics, just wait till January of next year. Republicans will win the Senate. They'll win the House. And they will say, well, you know what, let's sit down now and

have bipartisan common sense solutions to find a common cause to solve the climate issue. And it's like, well, there we go. We're done. Right. And that's exactly what's going to happen. Right. They're not going to put their foot down and say fossil fuels are great and they save lives and they make the world a better place. They're going to say, well, you know what? We need to work with the Bernie Sanders of the world to find solutions to because that's what you do when you're weak. You appease. And boy, I envy the left because they are never appeasers. right they will they will they they will not compromise on a thing and and i just i admire their their fight i wish we had some of it in us i know i got it i think you do but boy a lot of

our elected leaders certainly do not they do not yeah well i mean that's why i like to focus on bitcoin because i think a lot of the power that the left or the right like i personally i'm not a fan of politics or politician i think voting is a losing battle uh and the only way out of this mess is to actually do something and bitcoin allows us to do something most importantly allows us to uh defund these activities by taking control of the money taking it out of the governments in the central bank's hand where you can't just print money and throw it at a bunch of renewable credits sort of print money and subsidize some uh projects that otherwise wouldn't be financed if if money wasn't able to be printed out of thin air yeah um but i mean going back to like appeasing

these zealots like and actually before we get to that like how so i'm sure there are people listening at home like ah these guys are just crazy conservative like i'm definitely probably lean more conservative like to consider myself centrist but i do believe that this movement is communist and like what are the if somebody says like all right you're just like uh ad hominem calling people communist what are what are like the facts that we can point to let's say now these people want a redistribution of wealth and a state ownership of industry and central control of the economy? What can we point to? Well, energy is probably the last great industry in America that is in pretty much private hands, meaning the means of productions

are in private hands. And yes, there are some publicly traded companies you can buy on the exchange, but it is not, unlike probably every other country in the world, it is not a state-run industry. And if you are a statist, maybe I'll elevate them to that level rather than call them a communist. I'll be polite for a second and say, if you're a statist, if you believe in the power of government and the power of the state, then you can't have that, right? And look at, we just have an example from a decade ago, look at Obamacare, right? You can't have healthcare in private hands, private individuals and their doctors. You need to have a central command control from the government and we will force you onto that program. And obviously look at the

results when it comes to prices, right? Has anyone's healthcare gotten better? Is anyone living longer? Is anyone thinner or healthier? Is anyone paying less? No, of course not. You know, if healthcare as in terms of real medicine has been the same, but prices have tripled, right? And that's what happens when the state gets involved. So the first proof of that is, or the first reason why I call them communists or statists is because they cannot allow this industry to exist in the hands of the private sector. The way you get it out of the hands of the private sector is to implement the alternative, and that is the green agenda. There has been really no private sector mass wind or solar interest ever. It is all command and control.

It is all state run. It is state required mandates that say, you know, by the year 2035, Austin will get X percent of its electricity from renewable. Well, that sets up market signals that says, OK, well, someone's got to start building solar panels and wind farms. Great. Who's going to be in charge of that? Who's selling the land? Right. Who's making those wind and solar? And they're going to point to that and say, no, that's all the private economy. That's all the private sector. We don't own those wind and solar factories. Right. We don't even own the land. It's all a private farmer. How great this is. But the only reason why it exists is because government's requiring it, right? So it is just that it is a top-down command economy. And how

well does that ever work, right? There's no other moment in history that can show that a state-run command economy has been successful. It's just not. Or it's only quote-unquote successful if you have it backed by the authoritarian power of China, where you have facial recognition and credit systems and um and and complete censorship of of freedoms and of the internet and of speech uh etc so you know if you want to look at the chinese you're successful then there you go but the sad thing is the scary thing is is our leader do look to china as a success and they say that how great their system is working if only we could we could have that here philosophically I say this often and I can't get past this notion, but philosophically, if in your personal life, you do not live what you want the government to force others in their personal life to live, then you're not just a hypocrite or you are truly my mortal enemy.

You're right. And you need to be destroyed. I can tell you till I'm blue in the face that cigarettes are bad for you and you shouldn't smoke. And by the way, I love my cigarettes and my tobacco products and I'm never quitting them. But I will be the first to admit that they're not good for you. But but I'm not trying to ban you from doing that. And you look at the green movement and you say there are people who will tell you fossil fuels are evil and we have to get rid of them. And they want to use the power of government to do that. but in their personal life, what do they live, right? Will John Kerry ever give up his private jet or his seven homes? Michael Bloomberg has 14 homes around the world and a fleet of private

jets and helicopters. Now, I don't begrudge him his wealth. And I got to tell you, if I was worth $60 billion, I would have a fleet of private jets and homes around the world as well. But Michael Bloomberg wants the rest of us to give up those raw materials of fossil fuels that will enable us to achieve wealth and prosperity, but he's not going to give them up, right? And you just see that across the board when it comes to this movement. So in their personal life, they don't want to give them up. They won't give them up, but they want to use the power of government to force you to do that. I mean, it's the same we saw during COVID, right? Where I will force the people to live a certain way, but I will exempt myself, right? Because I need to get my hair done

if i'm you know nancy pelosi i need to go on vacation if i'm deborah burks right i need to see my family i need to so they were exempted and they will tell you well no it was it was you know it's essential that i do it the governor of new mexico michelle luhan grisham who's in a tight election and i hope she gets destroyed right she had a jewelry store open so she could go shopping she's the governor she doesn't have to pay attention to these stupid mandates you do and we will come after you with the police if necessary but i can exempt myself the green movement has been doing this for 30 years and and so to answer any of your and i i get long-winded i apologize i love it long form but i like to give the whole story so if anyone listening is

like you tell me how they're communists there you go buddy that's how they're communists and if you don't believe that you just need to look at the example they set at the height of the soviet's misery and depression and the gulags and the starvation not one communist party leader was wanting for vodka or caviar they like to say bernie sanders is a communist he's not he's a party leader the communist party leaders had a great friggin life they had cars they had vehicles they had jeans they had rolling stone albums they had everything they wanted so bernie sanders is not a communist he's a communist party leader we are the ones who will be the communists meaning we will be poor oppressed and controlled by by the state yeah rant over ask your next question

i love it no i mean you're seeing this communist these communistic tendencies leak into private markets as well with esg and you have like the black rocks the state streets vanguards of the world using the massive amounts of capital they've accumulated passively by people who are just putting their retirement funds into the index funds managed by these companies and then they're able to take individuals retirement funds and then allocate it to buy shares of of companies that block rock black rock then gets to vote on behalf of their customers and so they found this roundabout way to accumulate a bunch of money, buy a massive amount of shares of most of the companies that exist in public markets, and then BlackRock, on behalf of their customers,

even though their customers most likely don't even understand or know what's going on, begin to influence policy of these individual companies. And again, use that capital accumulation and allocation strategy to try to control private industry or not public public markets and and control whole industries would say hey we're not going to give you money uh if you don't do this that or the other thing if you don't bend the knee to critical race theory the green movement whatever the the flavor of the day is the one of obama's senior advisors a guy named brian deese after obama administration was done he went to black rock and he headed up their esg efforts for four straight years of the previous administration

He headed up the ESG efforts. He talked about how they were divesting from all fossil fuel products. He forced other subsidiaries to divest from fossil fuels. He led a charge to say we can no longer be because climate change is a real threat. What does Brian Deese now do? He is the head of the Biden economic team. What is the Biden economic team doing? They are using command and control to say we will have a Defense Production Act for

the manufacture of solar panels. who do you think is invested in solar panels right so you're going to tell me the guy who led a movement in the private sector for four years to direct trillions of dollars of or hundreds of billions of dollars of wealth into certain tranches and now has the power of government to use government spending on those tranches you're going to tell me well this is a free market you know i am a free market person but people who think we live in a free market that sometimes need a rude awakening. There's nothing free about that, right? I mean, how does Brian Deese even have a job? The guy should be absolutely conflict of interest. And not just

Brian Deese, there are four or five people in the Biden administration who have similar portfolios who were all former BlackRock guys. So you're making a great point. You know, this is the type of of state-led economics um that is the slippery slope towards just complete command and control economy and then people are like how are we truly 30 trillion in debt how are we you know because every industry has been doing this right health care has been doing it pfizer moderna did it the last two years we can go all the way back to bush cheney with halliburton oh god yeah the whole defense complex has been doing it for since eisenhower right yeah but but this is some scary stuff. And then our Congress people, it's like, we need to have a hearing about whether or not

we're using the right pronouns. It's like, how about you have a hearing on these people with this enormous power? No one cares about that. Look at their portfolios. Look at Congress's stock portfolio. There's a great Twitter handle called Big Whales, Unusual Whales, I forget the name of it, that just tracks all the top members of Congress and how well they're doing. And you say boy the market's getting crushed not these guys they're good they all got out in time it's amazing how that happens the uh the pelosi portfolio tracker uh much better index than the jim cramer index remarkable right yeah it's um no it's like we've lived in this two-tiered system and again i don't want to end the day with you too much bitcoin propaganda but that's why

like we what we say on this podcast a lot fix the money fix the world these people can't misallocate capital and direct industry if they don't have control of the money, which Bitcoin takes from them. Yes, it's been a tough week for the price of Bitcoin, but the inherent nature and fundamental value of the distributed

network is unscathed throughout this price dump. I think if we're ever, you just go back to Friedrich Hayek, we're never going to fix the money until we find a sly roundabout way to take

it from the hands of the government and that's what bitcoin is once we get the money out of the hands of the government we can begin to act like adults and actually allocate capital efficiently and properly and not have these mixed price signals enter the market via money printing and look at government anyone's dumping on on bitcoin this week or ethereum and i do own both um you know your argument would be valid if every other market and and and industry wasn't tanking simultaneously so it's like what what so bitcoin is also affected by you know larger global markets well there's a shock right but i mean if the stock market were up 15 and not down uh uh you know that then you would have maybe an argument to say it's not working but clearly you know everyone is is

afraid of every single commodity or purchase right now everyone's moving to cash and i don't blame them because look at where we are you know in terms of in terms of uh uh just just overall economics and and and current trends and where we're headed towards this recession so if you move into cash i don't blame you i would move to actually i have moved a lot to cash no i mean this is very pertinent to this discussion around energy policy i mean we have record high inflation or a 40-year high inflation as measured by the cpi if you actually uh did a basket of goods that is representative of your everyday americans monthly uh consumption goods it's probably significantly higher and a lot of this is being driven by a few things number one money printing

number two the attempt of the government to centrally plan the economy with the lockdowns after covid and the repercussions of those lockdowns and poor energy policy um you have fucked up supply chains and then the the energy industry hasn't had um the sufficient investment in reliable energy sources and so we're finding ourselves in a beautiful shit storm uh of policy decisions from all angles that are really putting the average american citizen in an extremely precarious situation which is it's you said recession i wouldn't be surprised that depression is around the corner like i think what we're seeing right now again going back to like communism and um the fall of empires

and how things get really fucked up you go back to weimar republic and if you look at the parallels between not only the united states i think i like to say like we're witnessing weimar republic part dough but on a global scale like it's happening in europe it's happening the united states you have decadence you have um you have cultural rot you have money printing you have shutdown of industry and all this stuff that has happened in the last five six years here in the united states in the western world was happening in weimar 100 years ago yeah and you have just general lawlessness which contribute which contributes to it as well um and and there's an awful lot swirling. Um, our, our elected leaders lack empathy. And I don't mean that in

like the, the, the, the, the modern sense of, of, uh, uh, wokeness. Um, but, but in the sense that look, it wasn't my shop that was burned down, but as an elected person who represents that district, I have to understand that for the people who own that shop or live on that street, that it's a huge deal and I need to find if government is a problem, if government could propose a solution. I'm not an anarchist. I really am not. But our elected leaders don't have that. And so they say, well, the baby formula shortage is a problem. But I mean, it's not really a problem for them because they don't have a shortage. You probably know something about baby formula as a dad, right? I mean, you probably feel it differently than

than someone who doesn't have kids or someone who isn't well connected. Nancy Pelosi prides herself on like her 9,000 grandkids. Did any of them have a baby formula shortages? And if they did, you know, she would be addressing it from the podium, but it didn't bother her. And just like high gas prices don't bother them because, and so when I say that empathy is lacking, I mean that we have these elected leaders and this goes into the very beginning when I said why I started this conversation, this organization, we have these elected leaders who were so removed from the issues of the people they represent and not only remove, sometimes they have true disdain. I mean, you look at folks running for office right now, and I am in the political space. I know you're

not political, but I am in this space and I have to follow this for a living. But you look at the folks who are running for office and you look at almost the contempt they have for who makes up their state. You know, they want to represent San Francisco. They want to represent New York. They want a cosmopolitan. Remember they called Obama's maskless 60th birthday party a sophisticated audience. They want sophisticated constituents. But a lot of Americans aren't sophisticated in their terms. They're hardworking, blue-collar people with dirty hands who like beer, and they like their local barbecue joint, and they go to church, and they just want to be left to hell alone on their land with their trucks and their guns. And their elected leaders hate them for

that. And so how do we change that? We change it by controlling the money, right? We change it by controlling the energy. We can change it by controlling the healthcare. And then when things don't work out for them and we ship their jobs to Mexico or to China, what are we saying? Learn to code. You need to find the new... I was in the process of starting this organization because I knew it needed it. I could feel the vacuum and it was bothering me so much. And there was one of those world economic forum meetings and i was watching it because i like to torture myself um that's why i'm a giants fan i like to torture myself and i was watching it and michael bloomberg and christine lagarde were were on the panel with i think it was strauss kahn at the time before he

was arrested for yeah before you got yeah raping people and and and they were talking about you to climate change and they're all, Michael Bloomberg talked about the coal miners, you know, and he said something like, well, you know what, we put murderers in prison. You know, we get rid of people who do bad things and look, coal miners, and I'll never forget this phrase, coal miners, we can find something else for them to do, but we need to. And then he went on. And of course, everyone in the audience all gave a polite applause and I'm starting this organization and I'm trying to figure out what it has to do. And that was it. And I was like, when someone like Michael Bloomberg, who's worth $60, $70 billion, sits there with Christine Lagarde and

Strauss-Kahn and says, we need to find something else for them to do. We, the people on this stage, we the powerful, something else. Do you look at your job, Marty, as something else? How many of people listening right now are like, I could do this or I could do something else. Just please, Michael Bloomberg, direct me what I should be doing. John Kerry, when he said, you know, the Keystone Pipeline guys, well, now they have a better option. They have a better option for a green job. And everyone clapped. And I thought, that's it. We can find something else for them. That's the empathy part. It's not us. Michael Bloomberg's daughter is fine, right? No one's coming after her $30 million horse farm in Westchester. She's cool, right? All the John

Kerry kids, all of them are fine. The grandkids, no one's coming after their job, right? But we will find something else for them because that's the energy sector. It's nameless, faceless, powerless people. Learn to code, right? Maybe if you make it to that level, then you can have a seat at the table. But up till then, that's the structure that America is headed into. And it is the stuff you mentioned, Weimar Republic. I've been stuck on the French Revolution for years now. And those peasants who lived under the Marquis de Lafayette or the, you know, the Duke of Orléans, and you live on his land, and everything you do goes to him. And he, he's at Versailles, and he's been at Versailles for four years, and he's fat, and he's fed,

and he's banging everybody, and he's a feat, and he's powdering his nose, and he's got little birthmarks and he's got little things in his hair and they're dancing and they're singing and you're this peasant and all you do is work and hunger and your kids are dying and you're starving and all you do is work and pay taxes. And then people look back and they're like, how was the French Revolution so bloody? What was wrong with these good Christian people? How is it so bloody? Because generation after generation grew up with that and they saw their duke or their marquee or their landlord and said i'm not just gonna depose that guy i'm gonna chop him up into little itty bitty brits and burn them on fire and stomp on his bones and grind them up

into a powder and we're gonna bake it into a cake and all of those things happened as gross as it sounds there's a lot of weird cannibalism after events of what they did to the noble class in the French Revolution, and people were like, oh, it was satanic, it was disgusting. It was. But after 100 years of just misery, maybe you can understand people's anger. And I hate to say it, I think we are headed in that direction. We have a fat, effete class that is ruling over us, and the people are just told, maybe we'll take your guns next. Maybe we'll take your electricity. Maybe you shouldn't have Bitcoin mining. The revolution is going to be ugly. It's going to be so ugly that the, maybe I shouldn't call it the revolution before I get in trouble, the blowback

is going to be so ugly that the good people of the world are just going to be so tired by that point. They're just going to sit back and watch it happen. I am sure there was a nice noble present woman who watched them chopping this guy to bits who thought this is wrong. But you know what? At that point she was so tired she just let it happen yeah yeah dude it's i think but i think today like i mean i could definitely see the blowback like it is i mean we're seeing violence on the rise um throughout the country it's undeniable people are becoming desperate becoming hungry they're unable to fill their gas tanks they're unable to pay their electricity bills and just as people are unable to fulfill the needs on the lower substrate of maslow's

hierarchy of needs they're going to go out and react to that inability to take care of their their most basic needs and that typically two people in congress know what maslow's hierarchy of needs is by the way two maybe three so right right now you've lost almost all of congress but i'll let you continue it's it's you're creating the conditions i mean people are like oh these zealots but like you were just again looking at history understanding human nature and like you're pushing people to the brink and but one thing i do want to say i do think uh like going back to learn to code i think one comparing ourselves like weimar or the french republic one advantage that we have today in 2022 is this communication technology about the ability that we're able

to sit down here have this conversation i do think that given that we live in the information age that we have tools like bitcoin a lot of the problems that existed in weimar and french republic were exacerbated by the fact that the the peasant class and the the poor classes in those civilizations didn't have any opt-out solutions where they were forced to take the propaganda of the state that they were living under. They were forced to

What if Twitter decides this podcast is way too dangerous and because it's potentially threatening there goes our communication, you know? Yeah, then we get kicked off Twitter but luckily we have podcasting which is distributed via RSS feeds Not until they go to Google

and MSN MSNBC, Microsoft Network MSN, yeah. Or Amazon Cloud Services. And they say, you know what? This Marty guy, he is a danger. And they're like, well, now you're deplatformed from that as well. Well, hey, this is why Bitcoin's important. We're building. So there's a thing called Podcasting 2.0 started by Adam Carey, who was the original inventor of the podcast. He invented podcasting. He runs his own podcast,

no agenda still to this day with john c dvorak um and he he's building podcasting 2.0 which is an iteration on the original podcasting platform and podcasting as a medium is truly the the last bastion of decentralized distributed media because it goes through an rss feed and he's found a way for so let's say god forbid um all the big tech companies say all right marty's talking too much cents. We need to kick him off. We need to team up with PayPal, MasterCard, Visa, and cut off his ability to accept payments from advertisers or users who want to send him money. Adam Carey and teamwork on Podcasting 2.0 has found a way to inject Bitcoin into the RSS feed. And so actually people are listening to this podcast right now. Thousands of individuals of the tens of thousands

that listen to the show are using podcasting apps that are podcasting 2.0 compatible. They're streaming. And if, let's say, you had a Bitcoin address, a Lightning Network address, I could plug it in specifically for this episode

and people, as they listen, if they're getting value from this conversation, they could stream Sats, little bits of Bitcoin to myself, yourself, my producer sitting behind the camera here automatically. And nobody can stop that paypal can't stop that so in terms of creating a more robust and distributed content

distribution platform bitcoin enables that it's being built out and i do think getting back to the point that led me on this diatribe like we just need to win the information war it's about narratives and so going back to like learn to code one of the most potent things that we can do with the communist and the green movement is just hold up a mirror and project and so like learn to code is one of my favorite examples of that because you had bloomberg and all the um the rich elite the champagne socialists the limousine socialists like saying yeah just go learn to code and then you had like the new york times and all the the lapdog journalists um like parroting that like yeah we're just going to teach everybody code learn to code learn to code like and you had

literally had like blue check mark journalists who would like hop into people's menchies you'd like hey i'm this is pretty messed up and i'm losing my my coal mining job or my job on the well pad in north dakota and like a journalist would just hop in and say learn to code um but again the power of memes the power of projection when the media industry went through uh a series of layoffs all those like lower your average american your blue collar worker began to hop in their menchies and the journalists were crying woe is me i got laid off from the new york times going learn to code and then they were like oh you guys are being

banned off twitter for saying that that was considered illegal on twitter yeah but the highlights it's like one of those things you find a glitch in the matrix where it's like hey you can say this to us but we can't say it to you and that's the power literally we have to ridicule these people we have to make fun of them because they're idiots

at the end of the day they think they're I go back and forth are they incompetent are they nefarious it's probably a combination of the two um but like i think again framing narrative projecting just hold up a mirror to these people like you said like john curry you're michael bloomberg you're flying private jets all over the world you got multiple houses you actually don't believe what you're preaching here yeah and again i don't begrudge them their wealth you know bloomberg clearly created a product he

was he was you know not from a wealthy family he created a product very well for himself and he's worth 60 billion dollars kudos that's the american dream um you know john kerry made his money a lot easier it's i i'm married to find a rich widow you know um catch up catch up no offense i am married but you know if someone came along um but but um but when i mentioned like the lack of empathy it's also and you said is it incompetence or is it really nefarious the incompetence slash empathy is the thing that bothers me the most in the energy conversation. Because I don't think our elected leaders understand how things are made and the millions of steps. It's that eye pencil story, right? The literally millions of transactions that had to happen for us to

enjoy or purchase or participate in the economy. And I think of an example, and I don't mean to dunk on Congresswoman Ocasio-Cortez because she's easy to dunk on. But this is an example of this incompetence slash lack of empathy when she was just getting started and she was, you know, trying to make a name for herself during the polar vortex in New York City. So it was winter of, I guess it was 19. She was doing an Instagram live, just like we're doing right now, except It was on Instagram. And she was cutting up fruit, making a fruit salad, talking to her viewers about how she was going to get rid of fossil fuels and how bad fossil fuels are and how the world's going to end because of climate change. And she didn't have the wherewithal to understand that, like, fruit in New York City in the polar vortex is only possible because of fossil fuels, not just the production, the manufacturing, the harvesting, the transportation. But, like, you bought a mango, you know, at the store downstairs for whatever price – at a price point you could afford, right?

It's only because of fossil fuels and the whole internet streaming and the device you're streaming on and the millions of people watching it. So I look at that and I say, boy, fossil fuels are incredible. She doesn't understand that it's only possible because of fossil fuels. And then the incompetence part is she thinks it's going to be easily replicated if we have this wind and solar world. But wind and solar doesn't replace the need for plastics. It doesn't replace the need for rubber.

It doesn't replace the need for nylon and for microfibers, right? It doesn't replace the ability to mine the amount of copper and graphite and gold and lead and cadmium and nickel and cobalt and lithium and all these other metals and minerals and rare earths that we need to power my laptop right now, my cell phones that are sitting here, my, right? Like, like that's, so you, you look at the fossil fuel world and some people only see bad, that's the communist. And they say, how can I take this over to put it in the place in place that the way

I think it should be constructed. Um, and I look at it and say, boy, this is incredible. Look, look at what fossil fuels have done for mankind. Um, why would we ever want to tinker with it? But, but we have a lot of, lots of tinkerers. Well, this gets to one of the main points I wanted to touch on. and I'm happy we're segwaying into it now. What we were discussing in DMs, I shared.

Fifty minutes in and we're finally getting to the first point. Well, no, I shared the video of Janet Yellen on Capitol Hill at this point. It was like two weeks ago where she was forced to come explain what's going on with inflation. And obviously we have commodities inflation, particularly in oil and natural gas. And she went in front of Congress and just bold-faced lied. And so what I'm trying to get to is like, we need to, again, talking about narrative framing, she went in front of Congress and said there was no way that the United States could have insulated ourselves from the shocks to the oil and gas supply chains that are emanating from Russia and the war in Ukraine. There's nothing we could have done here to better prepare or make ourselves more energy independent, specifically around oil and gas. We're completely beholden to foreign supply chains when it comes to oil and gas markets, which means we need to really lean in to wind and solar.

So they're trying to right now. So like the other side, the communist side is trying to frame things like we can't even if we wanted to secure ourselves with a way on gas here in the United States. The only way we can do it, make ourselves more energy secure is to fully transition to wind and solar. And this is just an abject lie. Is that correct? Absolutely. And there's so much to unpack there. Again, let's start with the finale and work our way backwards. China manufactures 70% of the wind and solar right now. The rare earth market, which powers them, which enables them to function, they have 95% of that market. So if you want to say, Janet Yellen, that we need to unshackle ourselves from the power of OPEC, well then why are we shackling ourselves to the power of of china so so any conversation about wind and solar let's just separate the fact that they don't work and they're inefficient and they're incredibly expensive let's just pretend that they do work right if there's no conversation

about american sovereignty and being unshackled from larger geopolitical forces if we don't make them here in america and there's no effort to make them here in america i've mentioned a couple times now the Defense Production Act authorization for solar panels, it still it just gives a blank check to China. Right. There's no effort to say, let's make them here. It's just we need to buy more of them. We need to get more of them. So great. You know, a lot more nine year old girls are going to be constricted into labor from those Uyghur camps to start making more solar panels because Joe Biden wants them. So so right there is a big fallacy. And then secondly, when it comes to oil and gas um you know the only reason why we're not producing more is because of

the climate this administration has created not the climate change climate the regulatory the economic climate that makes it a bad investment um and that just makes perfect sense i liken it to this analogy for anyone who thinks i'm crazy 122 a barrel what do you mean it's not a good time to invest in oil and gas. My hometown of New York City, maybe even where you are in Austin, go to like the main street, the main area, look at how many stores are for rent. And rents are low. And people are like, this is the opportunity to open up your business or your restaurant, right? Go for it. You got inventory, you got prime real estate space, low prices. Why not buy? And you say, well, look at the climate, right? Look at the economic climate

of people still working from home because of COVID fear. Look at the crime climate of smash and grabs and cops that don't have the authority to arrest people. Why would I open up a restaurant in downtown Manhattan right now? Well, it's a good opportunity. No, it's not. You know, wind and solar, I'm sorry, oil and gas is the exact same thing. $122 a barrel, they should be investing. Not if I have Janet Yellen coming after my financing, not if I have Deb Haaland, the Secretary of Interior, restricting my land use. Not if I have John Kerry and Gina McCarthy from their climate world coming after me. The Bureau of Land Management has a piece. Michael Regan at the EPA wants to chime in. The FERC, Federal Energy Regulatory Commission,

Richard Glick, chairman, he's got his say. So why would I invest millions of dollars, hundreds of millions of dollars to dig more oil and gas wells if there's no climate to do it, Right. Doesn't matter the price point. But all Janet Yellen leans to be asked. And this is, again, where I wish our members of Congress weren't such adults. Well, then, Secretary Yellen, why did they do this in 2017 and 18 and 19? Right. Why? Why were we energy independent? Why were we producing close to 14 million barrels then? And now we're still barely at 12. What's what's the delta? ah, COVID, supply chain, climate change, just name your, Putin, name your foil.

And that's the response, right? Why was oil and gas investing hundreds of millions of dollars when the barrel price point was 65 on average, but they're not investing hundreds of millions now at 122? Joe Biden will tell you it's greed and you're an economic mind. So think about the fun of that. We are not producing more oil and gas at highest prices in history because we're greedy. Does that make any sense, right? Does Nike ever say, you know what, guys, these sneakers are hot. Everyone's buying them. Let's not sell anymore. Does Subway sandwiches ever say, boy, everyone wants the $5 footlong. Let's shut down production, right? Of course you make more of something at the high price point. So if we were greedy, wouldn't we want to produce more oil?

nope for the first time in history greed is expressed by the the lack of interest in bringing goods to market it's fascinating i've never seen it before all right it's it's pretty disgusting that they're trying to like paint everything as like i'll look at the greedy oil and gas guys they're trying to gouge you at the pump but again we had a prime example we had mike worth ceo chevron come out uh two weeks ago he was asked like what can we do to fix this problem he's like Honestly, there's probably nothing we can do due to the regulatory environment that we live in today. We need more refineries, we need more pipelines, but nobody's going to invest because refineries specifically take billions of dollars and many years. The regulatory climate is such that nobody wants to allocate that capital or outweigh that capital up front because they do not believe that the regulatory environment will allow them to get a return on that capital.

like we need refineries we need pipelines these are you want to talk infrastructure these are massive infrastructure projects that we should be working on but aren't because of the political sphere that we live in and the the climate hysteria that's taken over the country and it's the same as the black rock conversation we were having earlier you know you you they will say well you know this is just the way the free market works right it's very expensive to build a refinery. But government regulations can price people out of the economy deliberately because of politics. Proof of that is Barack Obama, who said, and he still won election, he said, I'm not going to make coal illegal. I'm just going to say, if you open a coal plant in my administration,

I'm going to make you go bankrupt. And what did we do? We applauded. I mean, we watched it happen. And so so then they say, well, like, wow, the reason why coal was going bankrupt is because of market forces. That's a market force. Right. If the market says every Big Mac has to pay a five dollar tax, but the whopper gets a dollar coupon from the government. And then they're like, look at McDonald's. Boy, oh, boy. Look at that. That's the free markets for you, Marty. That's the free markets. And that's what they do with the industry, with the energy space. So we've got this command and control economy where we're forcing people to make and buy solar panels. But we want to have a windfall profit tax on oil and gas. And Richard Glick won't approve 10 infrastructure projects to bring our goods to market. And Deb Haaland and Michael Regan are adding layer on layer of regulation to try to drill. And then they're like, well, you know what? Free markets show that wind and solar are actually more cost efficient. Oh, please, let's take government out of the equation and see how cost efficient wind and solar are. So this is the result of the command and control economy and government picking its favorites.

yeah and another like nuclear like yeah so it's been like 50 years since or 30 decades you can say that for certain it's been decades since a new nuclear facility has been approved here in the united states a purely regulatory nuclear energy is the most energy dense resource that we have on the planet and yet there's a inability and unwillingness from the political power structure to allow it to flourish i give you really and i this is going to sound like i'm a socialist i'm not i think i've made that clear but but our energy sector should be so robust and so abundant that it should almost be free right like electricity should almost be free in america if we had uh the ability to create nuclear plants and coal plants and natural gas plants

um it should be it should be it should be pennies because there's so much abundance of it and then what would people do with that extra money right what would they what are people not doing with their money right now because they're trying to fill up their car they're not getting chinese takeout right they're not going to uh uh you know vacation they're not because they have they have to pay for gas right so this is where the inflation starts to eat up or the economy starts to fall into recession, I should say, because that extra money we're not spending on other goods. And we have a consumer economy. Right. And that's just that's that's how our economy functions. But not if you don't like the way the economy functions. So you would want people to spend their money

on what you want them to spend it on. Again, people ask me and, you know, what can we change to get oil prices down, they're never coming down while Biden is in office. Not because he's a bad guy or because he is, but not because of, you know, politics or because he's a Democrat. He's that too. It's because he doesn't believe in freedom. And if you believe in free markets, the miracle of the Trump administration, and let me sound like a Trump acolyte for a second when it comes to energy, the miracle of the Trump administration was not that we discovered a new oil or gas patch. We didn't invent a new technology or see it come online while he was in office. The miracle of the previous administration when it comes to energy is that

he got out of the damn way. And when the free market is allowed to operate, it will produce more of a good for the greatest number of people possible at the lowest price point possible in the most efficient way possible. It's the way the markets will always work. Ask any 16-year-old girl who's gotten a nose job, you know, we didn't have plastic surgery abundantly 40 years ago, but it's unregulated by government in the sense that there's no health insurance premiums. There's no, right, that's what LASIK. 30 years ago, only rich people could afford LASIK. Now, you get two for one specials because insurance doesn't cover it comes out of pocket. And over time, it's available to more people for the greatest, for the lowest possible point in the most efficient

way possible. Energy is exactly the same. So the miracle of President Trump was that he just allowed it to happen. Joe Biden does not believe in freedom. He believes in government. And he thinks he and his cadre of folks sitting around the table can come up with a solution. Last Friday in the port of Long Beach. He said, we can fix this, but we're just a couple of votes short in the Senate. Government has the answer. And if only government had more power, they could from the top down, he always makes fun of trickle down. There's no more top down than him. They could come up with the solution that would benefit the most people. And those two competing philosophies of freedom versus government can never coexist. And so people say, well, what do we do to lower gas prices?

nothing because biden does not believe that freedom is the solution and i think the previous administration showed that free markets in the energy spaces are allowed to operate look at what it did for a dollar 86 was the average gas price at one point in america the only way that's possible is if you believe in freedom and joe biden does not believe in freedom he believes in government yeah the status man ruining the world hopefully the american people wake up and realize that how many times do we have to touch the stove and be burned like post 9-11 government steps in patriot act freedom's taken away post 2008 government steps in bails out banks uh you're we're going to be printing a bunch of money and leading inflation into your life now energy um

hey we're actually going to go along with this green agenda we're going to stop the proliferation of oil and gas and nuclear um oh sorry your energy prices are going up that's just the cost of this transition we need to do it it's how many times does the state need to make your life materially worse off anybody out there is listening and maybe uh a believer that the government is the solution to our problems like we just need i know and and i don't want to be an elected official um but i would be a governor um not even the president but i would be a governor because if you look at your state and if you believe in federalism in the 10th amendment and you believe that you know you could create the climate to make your state one of the greatest places in

the world why people are flocking to texas and tennessee and and florida and it's not a republican democrat thing it's a freedom versus non-freedom thing but imagine imagine a governor having the guts to say, we're building a refinery. Greenpeace is going to sue. I don't care. I'm going to stop them. The EPA is going to come in and screw them. I have to go to Alaska a lot for this job. I talked to the governor once or twice. These people are 4,500 miles away. Joe Biden hasn't been to your state in 14 years. One exception, on his way to Asia, he landed his plane, refueled, didn't get off the plane, didn't talk to anyone. And then they kept going to Asia. Kamala Harris has never been to the state of Alaska. You're waiting for some

people 4,500 miles away to tell you what you can do in your state. Wow, gas prices are so high. Alaska, one of the greatest oil and gas states in the nation, has to send all of its crude down to, I believe it's Northern California for refinery. And then it comes back up. Alaska is paying almost six and a half dollars a barrel a gallon for gas because of those costs build a build a refinery do all the regulation nope doesn't matter build in a refinery and the same with education and the same with so many other issues like this is my job as the governors to create the conditions so that the greatest number of people have the most means of production and freedom to live their lives it would be great to have that power because god almighty i know i would be good at it but i

believe in freedom you know and and but then again there would be the movement stopping us marty that they would say but look at those people who were left on the side there's always going to be people left on the side but yeah but you could create conditions oh be great no that's i mean that's been the great silver lining of the last two and a half years is this this thrusting uh onto the mainstream of federalism and states asserting their autonomy from the federal government yeah i completely like just from a complex systems perspective like like you said these people sit in dc like alaska as an example 4 500 miles away they're so just from an information distillation perspective they're so far removed from the source of the information that they

definitionally the way complex system works they cannot make good decisions for these people they're so far away from the information whereas no someone like you look at something like the department of education 16 000 people work in that building i'm about two hours from dc 16 000 people work in that building our kids are dumber than they have ever been? Do we need more of an example to say you should just all be fired? What do you do? Well, we create the policies. Well, it's not working because everyone is dumb, right? I have bad news for you, but they are. Our kids are abysmally ill-educated, shockingly ill-educated, but there are 16,000 people and they all make $85,000 a year. And the Department of Commerce,

what are the 30,000 people who, who, what do they do? Right. So when you say like, I love that we're talking like decentralized, what I'm waiting for orders for my people and the greats. Imagine if I was the governor of the Commonwealth of Virginia, I'm not truly a Virginian. I've only lived here a couple of years. So I don't know if they'd ever be Virginia's Virginia is very proud of Virginia. But, but I'm the governor of the great Commonwealth of Virginia. I'm waiting for some idiot in the department of education to tell me about

educating my kids oh no you 16 000 morons are too busy celebrating gina's birthday and you're in the conference room i'll take care of my kids and i'll take care of my people on energy and i'll take care of my people on every other issue under the sun federalism is the only solution i think to our problems yeah it's just create competition among states you want to go do these green policies and inject critical race theory into grade school curriculums go for it but let us uh i mean i'm an example of i'm from philadelphia originally was living in new york my whole family's up in the northeast but uh again it's a it's a freedom thing like i like i mentioned earlier like i i try not to dive into like the political realm too much but i do i like to consider myself a

somebody who loves freedom and actually cannot live uh get physically triggered if i was getting physically triggered in the new york new jersey philadelphia area due to the lockdown policies and had to the opportunities down here because of the austin being one of the bitcoin capitals of the world but also the the freedom that exists down here in texas compared to what's going on in the northeast was um something i was naturally attracted to that's oh absolutely it's competing Yeah. And that's healthy. And industry is competing against each other, right? And not having the government select for you. Because again, look at the failures when government selects. Coal should be competing with natural gas, should be competing with nuclear if nuclear

are allowed to be built, right? Make the electric grids compete for other sources of the best technology. And if wind and solar are viable options, again, they're not. I'm just trying to be polite here, you know, but make them compete, but they don't have to compete. They have mandates and they have governors like past Republican governors in your state and across the country. They have governors who say, well, no, we're going to make it a law that says, you know, every Saturday, Marty and his family have to eat at least four heads of kale. No one loves that more than the kale growers of America. And then they say, well, you know, whatever. Wow. Kale prices are really gone through the roof. Well, of course they have because they're making Marty

eat it. Right. Well, it's for his good. It's for his own good. And so and that's what we're doing with wind and solar. Would they be good products? I don't know. They're not. They don't work. But could they potentially if they were allowed to compete? So you're not even doing wind and solar a favor. That's what bothers me. They will become an inferior product if they are not forced to compete against products that work right it will become an inferior it will not have it be a good technology competition makes

you makes you better right but we're not even allowing that to happen because of mandates we're importing crappy solar panels from China because of mandates you're gonna settle for like Soviet style factory goods yeah it's

yeah and then yeah and it's so nonsensical like again wind and solar inherently unreliable because the wind doesn't always blow the sun doesn't shine

for half the day and then like the other thing you're going to electrify like the big electrify the economy

meme particularly with like car fleets I was listening to the No Agenda podcast which I mentioned earlier today and like one thing

John C. Dvorak like brought to my mind like nobody's ever really thought through imagine having a city like New York City

10 million people and all the cars in the city were electric vehicles like it is literally impossible to create enough charging stations for all those cars to charge overnight like you would not be able to build the infrastructure i think elon musk said we need about five times the jet the current electricity production if we're gonna have a truly electric vehicle fleet

and and these are serious questions right so okay we're going to we're going to have all electric vehicles that's the law that biden wants to shove down our throats and he's doing by executive order Great. What does that require to the electric grid and to the electric grid and to transmission lines? Are we having that conversation? No. What does that require for rare earth and minerals mining and raw materials, right? We need more copper. Every electric vehicle has around 80 pounds of copper. We need more copper than we have ever mined in the history of mankind. And we've been mining copper for around 8,000 years. We need more copper than we've ever mined in the history of mankind. If we're going to have electric vehicles, do we have serious

conversations about copper mining? Absolutely not. Right. So a five-year-old kid who opens a lemonade stand intrinsically understands he needs lemons. He just knows it, right? Like I got to just, I want to open a lemonade stand, dad. I know your kids are too young now, but just wait a couple of years and boy, it's hot in Texas. They'll do well, hopefully, you know, but he knows he needs lemons we're making this electric vehicle thing required by law and we're not looking at sourcing the raw materials necessary another proof that these people are just communists there you go that's proof because that's not serious economic thinking no and like it's funny it took this just offhand comment on this podcast i listened to on the ride to this conversation

i can't think of the land use like if you're going to go like a complete electric vehicle fleet like the whole all cities are just going to be it's you're bringing back phone booths and then adding an incredible amount of them on top of that essentially with these charging stations like the pavements will be rows of charging stations if you actually want to make this happen like that how ugly is that how inconvenient is that what is the and yeah what is the viability of actually getting that implemented and land use for all of the wind and solar right that's one of the serious conversations we don't talk about, right? Your wind farms in Texas, the biggest ones are 150,000 acres. And there's not much more that happens on those wind farms. And it's funny,

by the way, the environmentalists, when they're thrilled that you're building 150,000 acres of wind farm, they never seem to find like a short haired weasel habitat that's endangered, right? Like, so you want to drill a half mile on a half acre of land, and they always find some rare, animal habitat that's endangered, or they find some sacred Native American and this little half acre, done. But we're going to build 150,000 acres of wind turbine, cool. Now, there's never anything sacred or rare. But anyway, how much land do we need for this much wind and solar generation? So the largest farm there in Texas, a hundred and so thousand acres, it creates around 1,000 megawatts of electricity. New York needs, on a good day, 14,000, which would be 1.4 gigawatts

for those people who love Back to the Future, 14,000 megawatts of electricity. So we need almost two and a half million acres of land of wind, solar. Well, Brooklyn, where you live, does 65,000 acres. Queens, where I'm from, is around 80,000 acres. Manhattan's around 30,000 acres. So what borough are we bulldozing to build all of these solar wind turbines? It's basically Connecticut, right? Which is fine. No one likes Connecticut anyway. So just bulldoze all of Connecticut and that's where we're going to get the wind. So that's a legit conversation. And then if the environmentalists say, well, no, we're just going to put it further and further away. well great run an electric cord you know a mile and see if it works you know just keep plugging in

you know extension cord to extension cord and and then put a lamp after a mile is it going to turn on probably not because electricity dissipates over distance right those are the laws of physics so we're going to build the whole wind farm hundreds of miles away from new york city and just expect it to it doesn't work that way so these are just honest conversations we have to talk about but we don't so another proof they're communists these conversations never happen you're just told wind and solar shut up and wear your mask yeah that's where we are and it's i mean once you try to play through the logical conclusion if we were to attempt to do that it's nonsensical it's literally you're going to pillage the earth for all its resources and take up all

of its land in the process it would be completely counterintuitive or not counterintuitive counterproductive to the end goal that you're stating um which is to save the environment you literally have to destroy the environment to make this even possible exactly one of those huge wind turbines needs around 20 000 tons of cement and rebar right because you got to anchor this thing to the ground right otherwise they would fly right so you need a serious i mean these are big right they need a serious anchor to the ground so we dig this massive hole we retrofit it we fit it out with rebar and 20,000 tons of cement is around 25 of those big cement trucks that you get stuck behind on the highway. So we need 25. How do we make cement? Well, the primary source is by burning

coal because you have to heat the aggregate to the right temperature. So we can burn coal to make cement to put 25 cement trucks worth of stuff in the ground to put up a wind turbine to make electricity, but we can't burn coal to make electricity. Okay. That's logical. How do you make solar panels, right? Well, the, the, the crystalline quartzite has to be heated to around 1400 degrees to be put into a, you know, mold and form molten form, uh, to make the solar panels. Cause it's quartz, right? It's quartz rock that has to be melted. Um, what burns at 1400 degrees coal. So we can burn coal to make solar panels to make electricity, but we can't burn coal to make electricity. Just explain that logic to me, right? Why is burning coal to make cement and

solar panels good, but burning coal to make electricity is bad if you believe in global climate change, right? If it's all connected, we're all one big world, well, then isn't burning coal burning coal why don't we burn coal in an efficient way nope can't burn coal it's bad for the environment these these are the conversations i have on a daily basis and that's why i i'm insane and i have no more hair because i pulled it out because this is the logic of the environmentalist well and the other thing with coal too like coal burning power facilities have become significantly quote-unquote cleaner over time too there's a lot of scrubbing technology like it's not as People think coal power generation, they think industrial era England with smog in the air and literal coal ash falling on society and people having a terrible quality of air.

But the technology that we've created in recent decades has allowed us to create cleaner emissions while burning coal, correct? Absolutely. Yeah, again, dirty is a phrase that the environmental left puts on us, and I don't embrace it, even though I sometimes say it. And they say, well, coal is – it is cleaner now, but it used to be dirty. I don't buy those phrases, but I understand what you're saying. But I will not let the left choose my qualifiers and my adjectives. But we have, right? We have on everything.

And wind and solar, they tell me, are clean. Again, but we're burning coal to make these technologies. We're literally digging up the dirt and pouring tons of cement and rebar into the earth. But that's somehow clean. When those crystalline quartzite panels break, because they break because they're glass-ish, right, they leach toxic chemicals into groundwater. How come we don't ever have a conversation, a serious conversation about solar panel groundwater contamination? No, solar panels are green. I got this lovely farm I have in here in Virginia.

a lot of my gates are solar panel you get five days of snowfall and coverage those gates are dead that's one of my most annoying things is to get out of the car and tram through the snow and find the solar panel thing and brush off the snow but then they need to charge for a couple hours before they can operate now i'm manually opening and closing all of my gates and moving etc etc we're going to have hundreds of thousands of acres of solar panels can they get covered in snow right can they get covered in dust how are we cleaning these these do they break right what so again the wind doesn't always blow the sun doesn't always shine but things break you know wind turbines last 10 years do people know that right do you think these guys didn't run

indefinitely solar panels last around 12 years what are we replacing them with what are we doing with the old ones you know what we're doing literally right now we are digging a gigantic hole in parts of Wyoming and in Iowa, and we are dumping them in the ground because that's what we do as environmentalists. We dump crystalline quartzite and plastic turbine blades in the ground. Is there groundwater contamination? I don't know. Does anyone really care? All that matters is that we feel good about ourselves. Yeah. It's fucking insane. We live in an insane world i talk a lot i apologize no i get very on these issues you've been a gracious host to allow me to spout off so much no i talk i mean this is an important issue i think what you're doing

at power the future again we need to change the narrative on the energy it's not even a debate again they're like debate us there is no debate the more cheap abundant energy energy leads to more human flourishing and so i'm in the middle of fossil future by alex epstein right now um and i think one thing that he does great again i'm only halfway through but one of my favorite parts of what he's done throughout the first half of the book is really highlight that again this comes down when you get the first principles it comes down to like the knowledge systems that are dissipating this information like how it's framed in the media and and the information that the quote-unquote experts are actually using to to thrust their propaganda and when you get down

to the brass tacks first principles of what these people are spouting it's it's all false like it's all untrue like they're they're not being uh forthright with the framing of their arguments and so what we really need to do what alex does an incredible job of is really take control of the framing energy use is good abundant cheap energy is good it leads to human flourishing anybody who is trying to take away cheap abundant energy is anti-human and i think that absolutely that's the mirror we need to begin holding up and really leaning into is like no you're anti-human and i think that does have a very jarring effect on people like i don't want to be anti-human i love humans um and and really framing it like no joe biden uh janet yellen uh your regime that is

trying to force us into unreliable uh quote-unquote renewal that's the other thing like that's why like whenever i agree i don't think we should adopt their vernacular that's why i always try to say quote-unquote like so like quote-unquote renewable it's not renewable like you just said like they have very short life cycles um when you just be like again ridicule these people like you're anti-human like we i'm not going to listen to you you're a hypocritical anti-human leech that needs to uh get out of the way and let us flourish here and then they need to be destroyed and and the hubris of these people who don't appreciate what others have built before them this great american economy this great american experiment and and and and it is because of

abundant reliable and expensive energy and and they've benefited from it from their medicines and their health care and their schooling and their their their quality of life and and rather than look at all this and say, boy, this is incredible that millions of people, again, I pencil, millions of people and millions of transactions allowed to the point that I wake up in the morning and I look at my $900 phone and I turn off the alarm and I flip on the coffee and I take a hot shower. And there's no appreciation of that to say, how is all this possible, right? And what can I do to ensure it continues for as many people as possible? They look at it with, with complete cluelessness. And they think that they can create a system that will rival it.

And in the process, they're plunging many, many people into, into poverty. And I know we're hitting on the 30 mark, but I will end it with what I said at the beginning, watch and see when the blackouts come this summer, what neighborhoods are plunged into darkness. And that will tell you everything you need to know about your government and what they think of its people be on the lookout freaks daniel thank you for coming on number one and more importantly for what you're doing at power the future what if anything can uh anybody listening to this podcast do to help you in your efforts at power the future i'll follow us online power the future.com give money of course because we are a c4 so i will take any and all money but

most of all, get involved at the localist level. So much of this happens at the county and local level. And that's where you need to be incredibly active. The presidential election is huge, of course. Pay attention at the local level. And when your local county commissioner says, we're going to pass a law that says Davidson County is going to be 75% renewable by, nope, that person has to be destroyed. That person's your enemy. Fight at the local, local level. And if you need help fighting, give us a call at powerofthefuture.com and we'll help you out. awesome well daniel thank you again it's been a fascinating conversation hopefully we could do it again in the future i would love to and i'll talk less no talk more talk more this is

i ask questions like this is again we're in an information war we need to get as much information good information as possible out there so the more talking sense the better i think my audience got a bit smarter today oh thank you marty appreciate it thank you daniel uh that's all we got today peace and love